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A Debate Cheat Sheet for Business
  + stars: | 2024-06-27 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +3 min
Talking pointsAll eyes will be on CNN at 9 p.m. Eastern, when President Biden and Donald Trump face off in their first debate since 2020. Among the keenest watchers will be executives and investors looking for signs about how the candidates might handle the economy and business in a second term. There will be plenty to scrutinize in the 90-minute, audience-free debate, including what the candidates say and how they say it. What will Biden and Trump say about some of the key issues? In Thursday night’s debate, “markets probably care more about presentation than policy pledges,” Paul Donovan, an economist at UBS, wrote in a client note.
Persons: Biden, Donald Trump, Trump, ” David Bahnsen, DealBook, ” Paul Donovan, Elon Musk, There’s, J.D, Vance of, Doug Burgum, Marco Rubio Organizations: CNN, Bahnsen, UBS, Biden, Trump, Times, Gov Locations: Atlanta, Vance of Ohio, North Dakota, Marco Rubio of Florida
Read previewChristina, an Uber and Lyft driver in Las Vegas, said about half of her passengers tip on a good day. Some riders have told her they don't know how to tip, forcing her to show them on the app. Ride-hailing drivers told Business Insider that customer tips are hard to come by. Related storiesSome drivers like Jillian, 67, who drives in Santa Clarita, California, have a simple solution for getting more tips — asking riders directly. The inconsistency is working against some driversAlex Santiago, a 48-year-old Uber driver in northern Virginia, used to dress business casual and catered music to passengers.
Persons: , Christina, she's, I've, Christina isn't, Uber, Nick Leighton, Lyft, Stuart, Marilyn Cassady, Cassady, there's, Jillian, it's, Alex Santiago, Santiago, Jason S, he's, hasn't, Jason, Andre Kingston, she'd, Kingston Organizations: Service, Business, Wolves, BI, Gridwise Locations: Las Vegas, United States, Austin, Myrtle Beach , South Carolina, Santa Clarita , California, Virginia, Detroit, Phoenix
Fearing the dreaded technical interview, Kyle hit the books harder than a high school junior studying for the SAT. It turns out Silicon Valley is engaged in a raucous debate over the use of artificial intelligence in technical interviews. Those in favor say banning chatbots in technical interviews is like prohibiting calculators in math tests. AdvertisementThe technical interview is open bookPeople close to the interview process say companies are already changing their tests to avoid cheating. Big Tech's reluctanceIn Big Tech, companies are so far opting out of chatbots in technical interviews.
Persons: , Kyle, Tammy Han, Santosh Sankar, Cristina Cordova, Ram Sriharsha, doesn't, Zeta, Kevin Hopkins, Aline Lerner, Lerner, Yossi Kahlon, Kahlon, Mang, Ng, Amanda Richardson, Akmen, Richardson, Tigran Sloyan, Sloyan, Natan Fisher, he's, Rahul Vohra, Stephen McCarthy, Fisher Organizations: Service, Business, Software, Dynamo Ventures, San Francisco Chronicle, Hearst Newspapers, Getty, Zeta, Engineers, Google, Big Tech, Meta, CoderPad, Spotify, LinkedIn, Founders Locations: Silicon, chatbot
CNN —CNN on Thursday will do something no network has done in more than 35 years – host its own general election presidential debate. Thursday night’s presidential debate, a marketing coup for CNN and its new chief executive, Mark Thompson, will offer the network a bright spot – and expectations of record ratings, even if viewers end up watching the debate on other networks. No matter where viewers tune in to watch the primetime matchup between President Joe Biden and former President Donald Trump, it will be clear this is a CNN debate. Rival networks, for example, have agreed to use CNN in the programming title and keep the red CNN logo on screen throughout the debate. For CNN, the branding boost from the debate may provide a much-needed shot in the arm.
Persons: Mark Thompson, Joe Biden, Donald Trump, Chris Licht, Kaitlan Collins, Licht, Thompson, , Biden, It’s, David Chalian, , aren’t, ” Frank Fahrenkopf, “ regrettably, “ The, Harris, George W, Bush, Al Gore, Alan Schroeder, ” Schroeder, Trump, Jake Tapper, Dana Bash, “ Trump, ” Chalian, Jake, Dana, Fahrenkopf, they’ll, Schroeder Organizations: CNN, MSNBC, Fox, Nielsen, Trump, “ The Biden, Harris Campaign, ABC, NBC, Northeastern University, Biden
Now Narrating the Olympics: A.I.-Al Michaels
  + stars: | 2024-06-26 | by ( John Koblin | ) www.nytimes.com   time to read: +1 min
This year, highlights from the Summer Olympics will be brought to you by artificial intelligence — and more specifically, the A.I.-generated narration of Al Michaels. The reel will feature the voice of Mr. Michaels, the 79-year-old American broadcaster, who first covered the Olympics decades ago. Mr. Michaels, however, will not be holing up in a broadcast booth each night to briefly summarize the dozens of Olympic events that took place. Mr. Michaels granted approval for the use of his voice. “When I was approached about this, I was skeptical but obviously curious,” Mr. Michaels said in a statement issued by the company.
Persons: Al Michaels, Peacock, Michaels, , Mr, , Organizations: NBCUniversal, Mr, NBC, Football
Apple 's commitment to privacy could soon pay off by giving it a leg up over its competitors, according to Rosenblatt. That's because Apple, unlike AI predecessors, has put privacy front and center as part of its AI marketing push and architecture," Crockett wrote. "Apple laid out what it called a Private Cloud Compute architecture that keeps personal information on personal devices, and does not allow non-permissioned release of that information to anyone else, including Apple and third party LLMs," he added. An additional advantage for Apple comes from its AI approach, which allows the firm some immunity from cost pressures at hyperscalers. Against this backdrop, Crockett sees the scales "tipping the AI risk/reward in favor of Apple."
Persons: Rosenblatt, Barton Crockett, Crockett, Michael Bloom Organizations: Apple, hyperscalers
New data found Instagram reels is surging ahead of TikTok in countries like the US, Japan, and Spain. TikTok and Instagram have been competing in short-form video for years. AdvertisementWhen Meta launched its short-form video feature reels on Instagram in 2020, it faced stiff competition from TikTok for people's attention. Today, reels seem to be winning the popularity crown among social-media users, two separate studies published in the past month have found. 37% of Instagram users now use reels daily, and 78% engage with it monthly, Morgan Stanley found based on a March survey of around 2,000 US-based consumers over the age of 16.
Persons: , Morgan Stanley Organizations: Service, Meta, Business Locations: TikTok, Japan, Spain
Amazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that will allow Chinese sellers to ship directly to U.S. consumers, CNBC has learned. Amazon's storefront will feature a range of unbranded items, many priced under $20, according to a presentation to Amazon sellers viewed by CNBC. In the past, Amazon sellers in China have relied on the company's fulfillment services, called Fulfillment by Amazon, to send goods to warehouses in the U.S. before they are dispatched to customers. The company pitched the arrangement as cost savings for Amazon sellers in China, and said merchants would be able to test new items through small-batch production. It is unclear when Amazon intends to debut the storefront, but the presentation notes it will start accepting products this fall.
Persons: Maria Boschetti, Boschetti Organizations: CNBC, Amazon, The Locations: New York, U.S, China, Shenzhen
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Apple shares jumped 2% Wednesday after Rosenblatt Securities upgraded the iPhone maker to a buy rating from hold. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Cantor Fitzgerald, Jim, Tim Cook, Morgan Stanley, Wells, Jefferies, Jim Cramer's Organizations: CNBC, Nasdaq, Big Tech, Apple, Nvidia, Rosenblatt Securities, Federal Locations: Wells Fargo
Here are the biggest calls on Wall Street on Wednesday: Stifel initiates Tesla at buy Stifel said it's bullish on Tesla for the long term. JPMorgan upgrades FedEx to overweight from neutral JPMorgan upgraded the shipping giant following earnings on Tuesday. Jefferies reiterates Alphabet as buy Jefferies said its survey checks show Alphabet is top of mind for consumers when it comes to AI. Citi reiterates Nvidia as buy Citi raised its price target on Nvidia to $150 per share from $126. Morgan Stanley downgrades Accenture to equal weight from overweight Morgan Stanley said shares of the IT company are "no longer" attractive.
Persons: Tesla, Stifel, it's, Piper Sandler, Piper, Goldman Sachs, Goldman, Mark Clouse, Carrie Anderson, Rebecca Gardy, Wolfe, HOOD, Warnick, Shopify, Rosenblatt, Nike's, Morgan Stanley, Jefferies, GOOGL, Stephens, Wells, BTIG, Northrop, Rivian, Piper Sandler downgrades Aptiv Organizations: JPMorgan, FedEx, Campbell, Barclays, Nu Holdings, BMO, Steel, Nippon, US Steel, X, Digital Realty, Citi, U.S, Caterpillar, Apple, Apple Intelligence, Android, UBS, Nike, Nvidia, Davidson, Home, Bank of America, " Bank of America, shipper, UPS, Cruises, Northrop Grumman, VW, JV, Accenture Locations: 1Q24, Mexico, Brazil, China, Houston, U.S, Rivian
(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Stifel opened coverage on Tesla with a buy rating and an ambitious price target as it sees multiple growth opportunities for the company. Crockett also increased his price target by $64 to $260, which now suggests shares can rally 24.4% from Tuesday's closing price. Goldman also hiked his price target by $7 to $52, now reflecting upside potential of 17.7% over Tuesday's close. Analyst Stephen Gengaro initiated the electric vehicle maker at a buy rating with a $265 price target.
Persons: Rosenblatt, Barton Crockett, Crockett, — Alex Harring, Atif Malik, Malik, Blackwell, Wolfe, Robinhood, Steven Chubak, Chubak, Jason Warnick, That's, Keith Gill, Katja Jancic, Jancic, Brian Ossenbeck, Ossenbeck, Campbell, Ken Goldman, hasn't, Goldman, underperformance, Stifel, Stephen Gengaro, Gengaro, Alex Harring Organizations: CNBC, Federal Express, JPMorgan, FedEx, Apple, Apple Intelligence, Android, Meta, Microsoft, Nvidia, Citi, Wolfe Research, . Steel, BMO Capital Markets, U.S, Steel, Nippon Steel, Nippon, US, U.S . Steel, CPB, Tesla Locations: Tuesday's, Japan, U.S
They were given a celebratory farewell at the Chinese base, attended by American and Chinese dignitaries, including performances and a gift exchange, according to a statement from the San Diego Zoo Wildlife Alliance. China loans pandas to more than 20 countries under a program often referred to as “panda diplomacy.” Its panda loans with Washington stretch back to 1972 – though the number of loans have decreased in recent years as US-China relations have worsened. The San Diego Zoo, one of the world’s most renowned, was the first American institution to carry out cooperative research on giant pandas with China. Yun Chuan’s mother, Zhen Zhen, was born at San Diego Zoo in 2007 to parents Bai Yun and Gao Gao, according to a press release issued by San Diego Zoo in April. Grandmother Bai Yun was born in China in 1991, and arrived at the San Diego Zoo in 1996.
Persons: Yun Chuan, Xin Bao, Xi Jinping, , Yun Chuan’s, Zhen Zhen, Bai Yun, Gao Gao, Grandmother Bai Yun, Xi, Joe Biden, Organizations: CNN, Diego’s, China Conservation and Research Center, San Diego Zoo, San Diego Zoo Wildlife Alliance, Washington, World Wildlife Fund, Smithsonian National Zoo, Zoo Atlanta, Economic Cooperation Locations: China, California, Beijing, United States, Sichuan province, Ya'an City, Sichuan, Washington ,, Asia, San Francisco
Robots keep getting creepier
  + stars: | 2024-06-26 | by ( Jaures Yip | ) www.businessinsider.com   time to read: +3 min
Read previewIt's not just nuts and bolts keeping robots together — now they can be made with living skin. The team said it was able to mimic human skin ligaments by bonding skin tissue to perforated 3D facial models and 2D robots. The team hopes the advancement will be useful "in the cosmetics industry and to help train plastic surgeons," according to a press release. While the development could prove helpful, some people online reacted to the robot's fleshy skin and facial movements with jokes or said they found it disturbing. Scientists reveal a smiling 2D facial robot covered with lab-grown living skin.
Persons: , Shoji Takeuchi, Takeuchi, Elon Musk Organizations: Service, University of Tokyo, Business, Optimus Locations: Tesla
Where Does Chanel Go From Here?
  + stars: | 2024-06-26 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
Earlier this month Virginie Viard, the creative director of Chanel, the second largest luxury brand in the world by sales, left the house. Though critics (including this one) had generally disliked her work, which was awkward and seemed to equate shorts with fresh ideas, Chanel management had always declared its loyalty to her, and the revenue kept going up — to almost $20 billion last year. One week Ms. Viard was showing her cruise collection in Marseille, France; a few weeks later, she was gone. According to Bruno Pavlovsky, the president of fashion at Chanel, Ms. Viard did not have anything to do with the couture show held this week. That’s saying something, given the most memorable feature of her last couture was that every look was paired with shiny white tights.
Persons: Virginie Viard, Chanel, Karl Lagerfeld, Viard, Bruno Pavlovsky Locations: Marseille, France
The Kingdom's Vision 2030 plans feature several massive construction projects, including the futuristic megacity Neom and an entertainment project on the outskirts of Riyadh. Amine Mati, an assistant director at the IMF and its mission chief for Saudi Arabia, told The FT that Saudi authorities were "recalibrating" to assess whether some spending should be delayed. In public, Saudi has largely been keen to insist that the megaprojects, especially Neom, are on track. Experts previously told BI that Saudi Arabia was struggling to attract the foreign investment needed for the development. Representatives for Neom did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Mohammed Al, Jadaan, Prince Mohammed bin Salman, Neom Organizations: Service, Business, BBC, Saudi, IMF, FT, Public Investment Fund, CNBC Locations: Saudi Arabia, Riyadh
Rizz, an AI-powered app that generates pickup lines and responses, now has a "Decode" feature that analyzes screenshots from your conversations. AdvertisementThe "Decode" feature often recommends meeting up. That limits the effectiveness of the "Decode" feature and suggestions for how to respond. Gemini has the option to upload screenshots so it provided the most similar type of service, but it was more thorough and offered a deeper analysis with action items. Character.AI doesn't offer the ability to upload screenshots, so instead I came up with an imaginary scenario and asked it how to respond.
Persons: , Rizz, Roman Khaves, Khaves, I've, Rizz Khaves, hasn't, aren't, chatbot, Gemini Organizations: Service, Business
OpenAI delays rolling out its 'Voice Mode' to July
  + stars: | 2024-06-25 | by ( ) www.reuters.com   time to read: +1 min
OpenAI logo is seen in this illustration taken, March 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Purchase Licensing Rights New Tab , opens new tabJune 25 (Reuters) - ChatGPT maker OpenAI said on Tuesday that it was delaying the release of its "Voice Mode" feature by a month to July because of technical issues. We're also working on improving the user experience and preparing our infrastructure to scale to millions while maintaining real-time responses," OpenAI said in a post on social media platform X. OpenAI is also working on rolling out new video and screen-sharing capabilities. Reporting by Juby Babu in Mexico City; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, OpenAI, We're, Juby Babu, Pooja Desai Organizations: REUTERS, ChatGPT, Thomson Locations: Mexico City
The company on Tuesday announced a set of new safety features, including expanded warning pop-ups that appear when a teen receives a message from someone they don’t share mutual friends with or have in their contacts. And Snapchat will now prevent the delivery of friend requests for teens to or from an account that they don’t share mutual friends with that is also located in regions often associated with scammers. Meta in April also announced new features aimed at combating sextortion, including informing users when they’ve interacted with someone who engaged in financial sextortion. Now, when a user blocks another account, any new accounts created on the same device will also automatically be blocked. The updates build on Snapchat’s existing teen safety features, which include a “Family Center” where parents can supervise the behavior of 13- to 17-year-old users, and mechanisms for removing age-inappropriate content.
Persons: New York CNN —, aren’t, ” Snapchat, Jacqueline Beauchere, sextortion, they’ve Organizations: New, New York CNN, CNN, Meta, Prevention Locations: New York
Rival United Airlines — second to Delta in net profit margins — is circling. Delta plans to open Delta One lounges in Boston and Los Angeles later this year, and is studying airports where it could open others. Like other airlines, Delta accepted billions in federal aid to weather the pandemic. Luxury air travel and the United States didn't go together for many years — and might not still, if you ask well-heeled globetrotters. And at Delta and other airlines, many of the perks for luxury flyers come through lounges.
Persons: Benoit Tessier, Ed Bastian's, Bastian, Ed Bastian, John F, Raymond James, Savanthi Syth, Andrew Nocella, Patrick Quayle, Quayle, Richard Anderson, Anderson, Delta, Barack Obama's, They're, Shai Weiss, Claude Roussel, Joe Biden, United States didn't, Henry Harteveldt, Scott Kirby Organizations: Airbus, Delta Air Lines, Reuters Delta Air Lines, Transportation Department, Rival United Airlines —, CNBC, Delta Air Lines Inc, Bloomberg, Getty, American Express, Kennedy International Airport, United, Boeing, U.S, Labor, Southwest Airlines, U.S ., JetBlue Airways, Delta, Corporate, Northwest Airlines, Endeavor, Virgin, American, Sky Club, New, LaGuardia, Etihad Airways, Singapore Airlines, Atmosphere Research, Airlines, Sky Clubs, Los Angeles International Airport, JFK, American Airlines, JPMorgan, Consumer Electronics, Starbucks Locations: punctuality, New York, Delta, Chicago, Boston, Los Angeles, Dubrovnik, Croatia, Amman, Jordan, Cape Town , South Africa, Atlanta, U.S, Queens, N.Y, United, Tokyo, York, United States, Las Vegas
Amazon says Prime Day will run July 16 and 17
  + stars: | 2024-06-25 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com   time to read: +1 min
Amazon 's Prime Day megasale will return on July 16 and 17, the company announced Tuesday. Amazon launched Prime Day in 2015 as a way to offer discounts exclusively to members of its mainstay subscription program. The event is also a big revenue driver for other retailers, who often hold competing events during or around Prime Day. Walmart on Tuesday announced its own "Walmart Deals" event that runs July 8 through July 11. WATCH: Amazon Prime Video drives down ad prices for competitors
Persons: Amazon Organizations: Amazon, Walmart, Amazon's, Adobe Analytics Locations: New York, U.S
"Enamelling is an ancient, ancient craft and has been going since the Byzantine times," Fein-Hughes told Business Insider. Cece Fein-Hughes founded Cece Jewellery in 2021. AdvertisementThe gold ring features a portrait of Taylor Swift's cat, Benjamin Button. "And it kind of represents Taylor Swift, who is literally on fire at the moment doing her world tour." Swift has not been publicly spotted wearing the ring yet, but Hadid told Fein-Hughes the ring was a hit with the Eras Tour star.
Persons: , Taylor Swift, Swift, — Olivia Benson, Meredith Grey, Benjamin Button — Swift, Karma, Gigi Hadid, Cece Jewellery, Hadid, Cece Fein, Hughes, Cece, Fein, it's, Taylor Swift's, Gigi Hadid's, Queen Elizabeth II's corgis, Kendall Jenner's Doberman ., Benjamin Button, Benjamin, Travis Kelce's, Taylor, Cece Jewellery Fein, Gigi, @gigihadid, It's Organizations: Service, Business, Hughes, Forbes, Fein, Kendall Jenner's Doberman . Fein, Poets Department, Swift, Press
The game, called The Big Silly Trivia Game, is one of a new set of groups and activities aimed at helping millennials and Gen Z make friends during the loneliness epidemic. While other trivia games like now-defunct HQ Trivia have used live mobile games to draw viewers, The Big Silly Trivia Game wants to fill a hole of questions geared to young women's interests, including nostalgia. While The Big Silly Trivia Game is virtual, Shine has focused on ways to connect people during it. Creators on a Saie Beauty brand trip played a game of The Big Silly Trivia Game The Big Silly Trivia GameShine also recently hosted a game during an event that beauty brand Saie Beauty held in New York's Catskills area. The Big Silly Trivia Game is also getting into real-life events.
Persons: , Natalie Shine, Shine, Z, Rocky's Matcha, Emmett Shine, Korula, Jess Butler, Hayes Flanagan, they're, what's, Merv Griffin, Carrie Bradshaw, she's Organizations: Service, Business, Shine, Netflix, Instagram, Brands, Soft Services Locations: millennials, New York's, New York
How the Midwest Floods Nearly Took Out a Century-Old Dam
  + stars: | 2024-06-25 | by ( Mitch Smith | ) www.nytimes.com   time to read: +1 min
The Rapidan Dam, a feature of the southern Minnesota landscape for more than a century, was “in imminent failure condition.”“We do not know if it will totally fail or if it will remain in place,” officials said on Monday as dead trees and other debris piled up at the dam and floods overwhelmed the Upper Midwest. At one point, a support structure alongside the dam partly failed and gushing waters carved out a nearby cliff. Video footage showed a nearby building collapsing on itself and being sucked into the river. But by Tuesday, the main part of the dam was intact, and water flows were beginning to slow. “The Rapidan Dam, we think, is going to continue to hold up,” Bob Jacobson, the commissioner of the Minnesota Department of Public Safety, said late Tuesday afternoon after state officials flew over the dam to survey the damage.
Persons: ” Bob Jacobson, Organizations: Minnesota Department of Public Locations: Minnesota, Midwest
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementFaced with lagging viewership, CNN is anticipating that Thursday's presidential debate will rake in huge sums. Yet other networks are allowed to air the live broadcast of the showdown, setting them up to outperform CNN at its own game. President Joe Biden and former President Donald Trump's uncharacteristically early face-off is notable for various reasons, namely the two commercial breaks that will splice up the 90-minute debate.
Persons: , Joe Biden, Donald Trump's, Semafor Organizations: CNN, Service, Business
The media company first made a name for itself by distributing high-school sports videos, then producing its own shows and operating its own sports leagues. Rutstein, who worked at Adidas and Reebok before Overtime, said the company distinguishes its merch by focusing on quality. Advertisement"When we first started, I said, we're not going to be a media company that just does merch," Rutstein told Business Insider. Advertisement"Through partnerships, we've been able to expand our audience, of course, to these brands that are either legacy or heritage streetwear brands," Rutstein said. Other brands Overtime has partnered with include BAPE, a Japanese clothing brand; PSD Underwear, which makes underwear and activewear; 7-Eleven, a convenience store chain; and Billionaire Boys Club, a fashion label founded by singer-songwriter Pharrell Williams.
Persons: , Tyler Rutstein, Rutstein, we're, SpongeBob, we've, Pharrell Williams, that's Organizations: Service, Paramount, Business, Adidas, Reebok, Billionaire Boys Locations: merch
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