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☆ A trainer-heiress power couple created the fitness juggernaut Pvolve. Then came a divorce, an arrest, and Jennifer Aniston.
▼ + stars: | 2024-07-16 | by ( Kate Taylor | ) www.businessinsider.com time to read: +43 min

Around the dinner table in the early 2000s, David Katzman would quiz his kids about their dream startups. ModelFit employees told BI that Gelband used the Pelvicore Pro only with the permission of its creator, the physical therapist Christina Christie. Once, in October 2018, David Katzman met with Facebook's ad team to discuss SDC's before-and-after advertisements, which violated the tech company's policies. SDC employees worked on Pvolve marketing campaigns, and Pvolve employees took trips on David Katzman's jet. "He didn't come from anything, and he spent years and years building up the business," the person close to Pasterino told BI.

Persons: Stephen Pasterino, Pasterino, he'd, hadn't, Rachel Katzman, who'd, Katzman, Pvolve, Jennifer Aniston, David Katzman, bankrolled, —, Laura Quintana, Stephen, Erik Connolly, Connolly, John Mayer, Nietzsche, Dan Gilbert, David, Gilbert, Usher, Jordan, decanting, Justin Gelband, ModelFit, Taylor Swift, Gelband, Vanessa Packer, Bryan Bedder, we'll, didn't, Woody Allen's, Vera Wang, Katzman's, I've, Cynthia Hannah, Blanca Padilla, Pasterino's, Justin Gelband's, Tracy Anderson's, cofounders, Packer, Christina Christie, Christie, Jordan Katzman, David Katzman's, Camelot, Julie Cartwright, Pvolve's, Cartwright, Hannah Bronfman, Nadine Leopold, Tim P, Pvolve didn't, Quintana, Rachel, SmileDirectClub, Jamie Dimon, Olivia Culpo, Craig Barritt, Bethenny Frankel, Madelaine Petsch, Lola tampons, They'd, Mara, ThreeForm, loaning, Hannah, Christie Brinkley, Monica Schipper, she'd, Rebecca Minkoff, Lindsay Pinchuk, Pamela, couldn't, Kathryn Delacruz, Madison Krause, Krause, Delacruz, " Krause, Pvolve's attorney's, Aniston's, Aniston, Jennifer, Jennifer Aniston's, Connelly, SDC's cofounders, — Pasterino, ThreeForm hasn't, Sarah VanZalen, there's, Erewhon, WWD, Tim Michaels, franchisors, Michaels, they've, Aperol Organizations: SoHo, Pvolve, Los Angeles ., Depot, DeeKay Enterprises, Quicken Loans, Cleveland Cavaliers, Camelot Venture Group, New, ModelFit, GQ, Getty, Hamptons, Beverly Hills Hotel, Cosmopolitan, BI, Gray Institute, SDC, Camelot, Lionsgate, Facebook, Whitby, Ventures, . Press, Miss, Employees, Naboisho Conservancy, Katzman's, Southampton, Pvolve Facebook, LinkedIn, Health, Forbes, Workers, Industry Locations: Pvolve, New York, Chicago, Los Angeles, Hammonton , New Jersey, Atlantic City, Jersey Shore, Franklin , Michigan, Michigan, Detroit, Las Vegas, Beverly, SoHo, Ibiza, France, Paris, Vogue, California, ModelFit, Covent, London, Riverdale, New Jersey, Pasterino, Italy, Kenya, Naboisho, Nashville, San Diego, New York City, shuttering, Ann Arbor , Michigan, ThreeForm, Angeles, Malibu

☆ UAW chief and other board members have concerns about Biden’s ability to beat Trump, source says
▼ + stars: | 2024-07-11 | by ( Arlette Saenz | ) edition.cnn.com time to read: +4 min

CNN —United Auto Workers President Shawn Fain and other members of the union’s board have expressed concerns about President Joe Biden’s ability to beat Donald Trump in November, a source close to the union says. The union is discussing the way forward on how to beat Trump in November, but the group is not considering rescinding its endorsement of Biden at this time, the source added. When a reporter at a Thursday press conference raised the UAW’s concerns, the president responded, “The UAW just endorsed me.”“There’s a long way to go this campaign,” the president later added. In a statement Wednesday, the day Biden visited the group, the AFL-CIO executive council said in a statement: “The labor movement understands, as Joe Biden does, that solidarity is how we win. “I said I was going to be the most pro union president in American history, well guess what I am,” Biden said Wednesday.

Persons: Shawn Fain, Joe Biden’s, Donald Trump, Biden, “ I’m, ” Biden, Fain, Trump, “, Joe Biden, Kamala Harris, White, George Clooney, couldn’t, Liz Shuler, Keir Starmer, ” CNN’s Chris Isidore Organizations: CNN — United Auto Workers, Trump, CNN, Reuters, UAW, AFL, NATO, Wednesday, Michigan, New York Times, British Locations: Washington ,, Michigan, Wisconsin

☆ Affirm's CEO opens up about the buy-now, pay-later company's IPO and why he doesn't sweat when the stock slumps
▼ + stars: | 2024-07-09 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Max Levchin, Affirm's CEO and a PayPal alum, shares advice for founders considering going public. As a buy-now, pay-later company, Affirm's business model was built on the promise of repayment as it enabled consumers to finance their online purchases. As the pipeline of IPOs starts to build up again, including the anticipated debut of Affirm's buy-now, pay-later rival Klarna, Business Insider spoke with Levchin about Affirm's IPO. It's not uncommon to see startups hiring executives such as a president or CFO in anticipation of going public. Since Affirm's CFO and chief legal officer largely spearheaded the IPO process, Levchin said he was left to focus on the company's short- and long-term plans for the capital.

Persons: Max Levchin, —, Levchin, Affirm's, he'd, PayPal, It's Organizations: Nasdaq, PayPal, Service, Business, underwriters

Artificial intelligence has been a big boon for San Francisco real estate. The vacancy rate for San Francisco office space reached a fresh record of 34.5% in the second quarter, according to a report Monday from commercial real estate firm Cushman & Wakefield. "San Francisco is certainly the center of AI, but AI is not going to save the San Francisco commercial real estate market," Sammons said. Vacant office space across San Francisco for the quarter totaled 29.6 million square feet, Cushman & Wakefield said. WATCH: Commercial real estate vacancies in San Francisco are at an all-time high

Persons: OpenAI, Robert Sammons, Anthropic, Sammons, That's, Cushman & Wakefield Organizations: San, Tech, Microsoft, Cushman &, San Francisco, Wells Locations: San Francisco, Wakefield, Mission, Cushman & Wakefield, Francisco, Wells Fargo, Cushman

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

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

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

☆ Trump, Republicans really want Biden to remain the Democratic nominee
▼ + stars: | 2024-07-04 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Read previewFor most of President Joe Biden's White House tenure, Republicans have floated theories about the president's health and cast doubt on the veteran Democrat's leadership. Biden sought to use the debate to gain some momentum in a race that for weeks showed him tied with Trump in national polls. In the weeks leading up the Democratic National Convention in Chicago, this is not where the Biden campaign thought it'd be. But the former president is not in the clear in the eyes of the public, despite this week's Supreme Court ruling. Should Biden step aside, a more popular Democrat — backed by a party itching to defeat Trump again — could easily dispatch the former president in November.

Persons: —, Joe Biden's, Donald Trump —, Biden, Trump, Biden's, Roe, Wade, they've, it'd, Mike Howell, Kamala Harris — who'd Organizations: Service, Republicans, Business, Trump, USA, Suffolk University, The New York Times, Siena College, Capitol, Democratic National Convention, Democratic, The Washington Post, Republicans pummeled Democrats, Biden, Daily Locations: Washington, Chicago

☆ The bull case for small caps as the second half kicks off
▼ + stars: | 2024-07-04 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

By contrast, the S & P 500 has already reached Jefferies' bull case of 5,400, the strategist noted. The right catalyst For investors, the bull case for small caps that prevailed when the year began, still holds. More immediately, second-quarter earnings may prove a positive catalyst for small caps since expectations are so low, according to Jefferies' DeSanctis. On a trailing 12-month basis, the S & P 500 is trading at a multiple of 25 times earnings. Ultimately, however, many investors say that a rotation into small caps is coming, even if it hasn't happened yet.

Persons: Russell, Richard Nixon, Steven DeSanctis, Jefferies, DeSanctis, Brian Leonard, Ross Mayfield, Baird, Keeley Teton's Leonard, Something's Organizations: Federal Reserve, Jefferies, CNBC Pro, Fed, Advisors Locations: Keeley

☆ Wall Street firm gets it right with Best Buy call, plus Eli Lilly shares move up
▼ + stars: | 2024-07-03 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Davidson analysts touted Best Buy stock on Wednesday, listing artificial-intelligence-enabled PCs as a positive catalyst for the electronics retailer. 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, Eli Lilly, Jeff Marks, Davidson, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, New York Stock Exchange, Independence, Food and Drug Administration, Jefferies Locations: U.S, D.A

☆ The top arguments for Biden dropping out or staying in the presidential race
▼ + stars: | 2024-07-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

A CBS/YouGov poll found that 46% of registered Democrats think Biden should step aside. Yet Biden dropping out of the race at this stage is also a huge gamble, one that's fairly unprecedented in recent memory. AdvertisementHere are the most common arguments that people are making for and against Biden dropping out of the race — some of which, inevitably, may contradict each other. Why Biden should drop out of the raceThe debate was his last good shot at turning things around, and he failed. It's early, but polling so far has not shown a dramatic shift in the race since the debate.

Persons: Joe Biden's, Biden, Donald Trump, It's, —, Dave McCormick, Democratic Sen, Bob Casey, Ezra Klein, they've, Kamala Harris Organizations: Service, CBS, Suffolk University, Democratic, Biden, Trump, Pennsylvania Senate, GOP, New York Times, Democratic National Committee Locations: Pennsylvania, Trump

☆ The big winners of the AI boom are the most boring companies imaginable
▼ + stars: | 2024-07-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Some of the main winners of the AI boom will be stocks currently sliding under the radar. Across the road, ground has been broken on another data center. This specifically means data centers, which will be increasingly key for storing information as AI becomes more mainstream. On a single-stock basis, Digital Realty Trust — the only data center real estate investment trust listed on the New York Stock Exchange — has jumped 38% over the last year, while the Global X Data Center & Digital Infrastructure ETF has climbed 12%. Mortonson says it's difficult for software companies to build around AI.

Persons: —, Ted Mortonson, Baird, we're, Goldman Sachs, hasn't, That's, Travis Miller, Miller, Mortonson, There's Organizations: Nvidia, Service, Goldman, Digital Realty Trust, New York Stock Exchange, X Data, Digital Infrastructure ETF, Bank of America, JPMorgan, Morningstar, Business, Software, Utilities Locations: US, Korea, India, Europe

☆ Is Big Tech wrong to train AI models on 'messy' public data? A chat with synthetic data evangelist Ali Golshan.
▼ + stars: | 2024-06-30 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +9 min

Instead, they're calling for companies to train their models on synthetic data. Synthetic data is artificially generated rather than collected from the real world. AdvertisementBusiness Insider chatted with Ali Golshan, CEO and cofounder of Gretel, who one might call an evangelist for synthetic data. Why is synthetic data better than raw public data? AdvertisementUltimately, the other part of it is that synthetic data is very good at privacy if you have enough data.

Persons: —, Ali Golshan, Gretel, Young, There's Organizations: Service, Companies, Meta, Google, Business, Ernst, Riot, Federal Trade Commission

☆ AI tools for Goldman's workforce set to 'land at scale on desks' as soon as next year: partner
▼ + stars: | 2024-06-27 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

For Goldman Sachs' investment bankers, the answer may just be over the horizon. Top Goldman executives told Business Insider that the investment bank is poised to roll out a series of generative AI tools to its workforce as soon as next year. Lee, a Goldman partner, said it could take years for the consequences of this tech on the bank's workflows to be fully understood. But he is overall optimistic about how generative AI, an advanced type of machine learning, will impact its workforce. Many junior bankers spend time on tasks that can sometimes feel "relatively routine," Lee said.

Persons: —, Goldman Sachs, Goldman, George Lee, cohead, Lee, it's, Jamie Dimon, Alison, Tim Ingrassia, Gene Sykes, dealmakers, David Solomon, Ingrassia, Reed Alexander Organizations: Service, Business, Goldman Sachs Global Institute, JPMorgan, Goldman, New York Times, Deutsche Bank

☆ Why Twitch's CEO says AI will be a 'boon' for livestreaming creators
▼ + stars: | 2024-06-27 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Read previewWith a Ph.D. in artificial intelligence and as the former head of NASA's AI and robotics unit, Twitch CEO Dan Clancy readily pitches himself as something of a generative AI expert. Twitch creators have begun using generative AI to set up debates with fictionalized versions of famous people and historical figures, he said. "You're going to be able to do that with two cameras," Clancy said of the advances in generative AI. The documentation for the program, which is due to launch in July or August of this year, doesn't make any mention of AI-generated music. Amazon is developing its own large language models and services that allow customers to build generative AI applications in the cloud.

Persons: —, Dan Clancy, Clancy, he's, Larry Feinberg, livestreams, doesn't, Twitch isn't, OpenAI, Axel Springer, that's Organizations: Service, Business, Cannes Lions, Bloomberg, YouTube, Universal Music, Sony Music, New York Times, Microsoft, Amazon Locations: Japan

☆ Walgreens will close a ‘significant’ number of its 8,600 US locations
▼ + stars: | 2024-06-27 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Walgreens is set to close a substantial number of its roughly 8,600 locations across the United States as the company looks to reset the struggling pharmaceutical chain’s business. The company didn’t announce a specific number of store closures, but it said Thursday that it is planning “significant” closures of underperforming stores across America as part of a multiyear optimization program. The closures would focus on locations that aren’t profitable, too close to each other or stores struggling with theft, Wentworth told the Journal. Major drugstore chains, including CVS (CVS) and Rite Aid, have struggled in recent years because of declining profits from filling prescriptions. Wentworth told the Journal it’s losing money on filling those prescriptions.

Persons: Tim Wentworth, Wentworth, “, ” Wentworth, ” Neil Saunders, GlobalData, ” Saunders, drugstores, hasn’t, – CNN’s Nathaniel Meyersohn Organizations: New, New York CNN, Walgreens, Wall Street Journal, Journal, Walgreens ’, CVS, Rite, Amazon, Target, Rite Aid Locations: New York, United States, America, drugstores, VillageMD

☆ What Rivian's venture with Volkswagen means for the EV maker, broader auto industry
▼ + stars: | 2024-06-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Rivian 's latest partnership with Volkswagen could prove a major boon for investors and the broader auto industry, according to some Wall Street analysts. As part of the plan, Volkswagen will inject $1 billion, followed by an additional $4 billion investment planned by 2026. RIVN 1D mountain Shares pop on Volkswagen venture But Wall Street views the deal as a potential turnaround opportunity that can help limit execution risks and uncertainties surrounding funding that have spooked investors in recent months. Big wins for the auto industry While the venture justifies Rivian's strategy, some on Wall Street anticipate potential big wins for the broader auto industry. He added that the venture also highlights the need for proprietary electronic control units and software.

Persons: Rivian, John Murphy, Ryan Brinkman, Dan Levy, Levy, Wells, Colin Langan, Morgan Stanley's Adam Jonas, Jonas, Tesla, Piper Sandler, Alexander Potter, America's Murphy Organizations: Volkswagen, Bank of America, JPMorgan, Barclays, Bank, Lucid Group Locations: China

☆ How 'Bridgerton' Merch, Brand Collabs, and Marketing Made Regency Era Cool Again
▼ + stars: | 2024-06-25 | by ( Olivia Singh | ) www.businessinsider.com time to read: +14 min

Advertisement'Bridgerton' provided escapist entertainment during a period of isolationPhoebe Dynevor as Daphne Bridgerton and Regé-Jean Page as Simon Basset in season one of "Bridgerton." Will Tilston, Florence Hunt, Luke Thompson, Ruth Gemmell, Luke Newton, and Nicola Coughlan in "Bridgerton" season three. Not only did "Bridgerton" fans read the novels, but they showed off the books themselves — original editions, newer covers, and limited edition variant box sets — on BookTok. Bath & Body Works teamed up with "Bridgerton" to create a 36-piece collection of candles, body care, and more. Not only did Bath & Body Works' "Bridgerton" products sell well, Cooper said, but they helped attract younger customers to stores thanks to promotional efforts on social media, where the "Bridgerton" campaign was the company's "most engaged" effort of the year.

Persons: Jonathan Bailey, he'd, Anthony Bridgerton, Bailey, Julia Quinn's, It's, That's, Charlotte, Phoebe Dynevor, Daphne Bridgerton, Jean Page, Simon Basset, Liam Daniel, Bridgerton, Chris Van Dusen, Rhimes, Cat Quinn, Quinn, Will Tilston, Florence Hunt, Luke Thompson, Ruth Gemmell, Luke Newton, Nicola Coughlan, Netflix Julia Quinn's, Penelope Featherington, Shondaland, Cassandra Morales Thurswell, Daphne Bridgerton's, Tea, Colin Bridgerton, Eloise Bridgerton, Francesca Bridgerton, Earl Grey, Kristina Tucker, Maurice Cooper, —, Cooper, Kendall Coleman, Williams, Mary McNamara, Melody Morton, Lush, Penelope Featherington cleanser, Hannah Dodd, Jessica Madsen, Bryan Bedder, Ladurée, Kiko Milano, influencers, Miley Cyrus, Billie Eilish's, Lady Whistledown's, Madsen, Dodd Organizations: Business, Netflix's, Netflix, Quinn's New York Times, New York Times, Republic of Tea, Body Works, Body, Williams, Los Angeles Times, Bath Locations: Morocco, England, COVID, BookTok, Republic, New York, Bath, New York City

AdvertisementAyomikun Adekaiyero: The series does a great job of showing how this toxic masculinity among the men — particularly Aegon, Daemon, and Criston — escalates this conflict. I think he's a character that — don't get me wrong, I love Daemon — got a little bit muddied in season one. Ayomikun: Also, though I do believe both Aegon and Daemon want war for the wrong reasons, they're kind of right? Ayomikun: Criston and Aegon are really like that "It's always two dumb people telling each other exactlyyyyy" meme. Ayomikun: The fight was a truly brilliant scene, especially since we as the audience can't really tell which twin is which.

Persons: —, Daemon Targaryen, Aemond, Lucerys Velaryon, Jaehaerys, Helaena, she's, Eammon Jacobs, Palmer Haasch, Ayomikun Adekaiyero, Caralynn Matassa, Theo Whitman, Palmer, Alicent, Otto, Phia, Criston, Tom Glynn, Carney, Rhaenyra, Tom, I've, Lucerys, Olivia, Rhaenys, Hugh Hammer, Ollie Upton, we've, Westeros, Hugh, Clinton Liberty, Abubakar Salim, Addam, Alyn, Corlys, it's, Poor, Ewan, It's, Daemon, She's, HBO Palmer, Jace, Baela, Ser Harwin, Bethany Antonia, Harry Collett, Hightower, Rhaenyra Rhaenyra's, Theo Whiteman, they're, Daemon —, Matt, Emma, Viserys, imbeciles, Arryk, Hand, Daeron, Erryk Organizations: Service, Aegon II, Business, Greens, Aegon, HBO, Costco Locations: Driftmark, Westeros, Westerostco, Hull, Aemond, King's, Alicent, Oldtown, Rhaenyra

☆ The luxury conglomerate behind Cartier is beating LVMH at its own game
▼ + stars: | 2024-06-19 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

But there's another corporation beating LVMH at its own game, and you probably haven't even heard of it: Richemont. Switzerland-based Richemont, behind brands like Cartier, Van Cleef & Arpels, and Piaget, is having a moment. "All of this favors the most established brands: Cartier and Van Cleef." Driven by Richemont's top brands, Cartier and Van Cleef, sales gained 7% in the country, including Hong Kong and Macau, in Richemont's 2024 fiscal year. "If you're in a bar or restaurant, you're sitting at a distance, you can recognize the Labra pendant from Van Cleef.

Persons: —, Louis Vuitton, Bernard Arnault's, Van Cleef, Piaget, outperforming LVMH, Saint Laurent, It's, Cartier, Chiara Battistini, it's, Gucci, Arnault, Johann Rupert, Rupert, Richemont, Fflur Roberts, HSBC's Rambourg, Diana —, Tim Graham, Jelena Sokolova, Morningstar, Rambourg, Euromonitor's Roberts, Van, Keith Tsuji, Sokolova, Cleef, Nicolas Bos, — Bos, Nicholas Bos, Jared Siskin, I've, What's, JPMorgan's Battistini, Bos, Porter Organizations: Service, LVMH, Business, Cartier, Gucci, HSBC, Google, JPMorgan, Credit Suisse, Deloitte, Local, Art Basel, McKinsey, Prada Locations: Switzerland, China, Euromonitor, Hong Kong, Macau, Art Basel Hong Kong, Asia

☆ Putin may need arms from North Korea’s Kim for Ukraine war, but what is he willing to give in return?
▼ + stars: | 2024-06-18 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

North Korea launched its first spy satellite, the Malligyong-1, in November. The arrangement may also enable North Korea to gain real-world intel on the functioning of its weaponry and help it ramp up exports more broadly. Such satellites can help North Korea improve its ground-based military capabilities, for example enabling it to more accurately target opponents’ forces with its own missiles. Both countries in recent years have blocked movement in the council related to North Korea as they grew skeptical of US-backed sanctions. He pointed to his experiences during the former US President Barack Obama administration working on nonproliferation efforts related to North Korea and Iran.

Persons: Vladimir Putin, Putin ramped, Kim Jong, Putin, ”, Edward Howell, Xi Jinping, Kim, ” Putin, “ Kim Jong, he’ll, Ankit, Sofiia Gatilova, Putin –, “ Putin, –, John Erath, Erath, Xi, it’s, Michael McFaul, Barack Obama, ” McFaul, … we’re Organizations: Hong Kong CNN, University of Oxford, KCNA, intel, South, United Nations, North, Carnegie Endowment, International Peace, Kremlin, UN Security Council, Center for Arms Control, Observers, UN, National Security, Center for Strategic, International Studies Locations: Hong Kong, North Korea, Ukraine, Russia, Pyongyang, Moscow, Eurasia, United Kingdom, United States, Italy, South Korea, Japan, Seoul, Washington, North Korean, Korea, Russian, Kharkiv, Kyiv, China, Iran

☆ Putin arrives in North Korea for first visit in 24 years as anti-West alignment deepens
▼ + stars: | 2024-06-18 | by ( Simone Mccarthy | Anna Chernova | ) edition.cnn.com time to read: +9 min

Following his visit to North Korea, Putin is scheduled to travel to Hanoi in a display of Communist-governed Vietnam’s ties to Russia that is likely to rankle the United States. Putin’s trip to North Korea will have a “very eventful” agenda, his aide Yuri Ushakov said during a press conference Monday. One image was of a grandstand being constructed on the eastern side of Kim Il Sung Square, the site where all major parades in North Korea are held. Putin arrives in North Korea on Tuesday, June 18. But Russia’s apparent increasing reliance on North Korea and rising frictions with the West appear to have shifted that dynamic.

Persons: Vladimir Putin, Kim Jong Un, Putin, Kim, Yuri Ushakov, Ushakov, Kim Il, John Kirby, Biden, wasn’t “, ’ Kim, ” Kim, ”, Volodymyr Zelensky, Putin’s, Defense Lloyd Austin, “, ” Putin, Kim Jong Il, Xi Jinping, Michael Mitsanas, Katharina Krebs, Mariya Knight, Yoonjung Seo, Betsy Klein, Paul P, Murphy Organizations: CNN, TASS, Putin, Planet Labs, Maxar Technologies, US, North Korean, North, South Korea’s, Chiefs of Staff, West, Ukrainian, Kyiv, NATO, Ukraine, Defense, Kremlin, United Nations Security, UN Locations: North Korea, Pyongyang, Ukraine, Korean, Korea, Hanoi, Russia, United States, Asia, Moscow, North, Zarubinreporter, South Korea, South, Russia’s, Eurasia, Italy, Kyiv, Russian, Vietnam, Beijing, China, Iran, South Africa, Brazil

☆ Russia’s Putin to visit North Korea in rare trip as anti-West alignment deepens
▼ + stars: | 2024-06-17 | by ( Simone Mccarthy | Anna Chernova | ) edition.cnn.com time to read: +6 min

Following his visit to North Korea, Putin will travel to Hanoi Wednesday for another two-day trip, in a display of Communist-governed Vietnam’s ties to Russia that is likely to rankle the United States. Both countries have denied North Korean arms exports. The Kremlin has said that Russia hopes to build a partnership with North Korea “in all possible areas,” according to Russian state media. Putin’s move to bolster North Korean ties has also been a boon for Kim, who remains unbowed by years of international sanctions over his illegal nuclear weapons program. But Russia’s apparent increasing reliance on North Korea and rising frictions with the West appear to have shifted that dynamic.

Persons: CNN — Vladimir Putin, Kim Jong Un, Putin, Kim, ” Kim, Volodymyr Zelensky, Putin’s, Defense Lloyd Austin, “, ”, ” Putin, Kim Jong Il, Xi Jinping Organizations: CNN, Kremlin, Putin, North Korean, Pyongyang –, North, North Korea “, Ukrainian, Kyiv, NATO, Ukraine, Defense, United Nations Security, UN Locations: North Korea, Russian, Ukraine, Pyongyang, Hanoi, Russia, United States, South Korea, Moscow, Korean, Russia’s, Italy, Kyiv, Beijing, China, Iran, South Africa, Brazil

☆ Apple's new AI is made in Google data centers
▼ + stars: | 2024-06-14 | by ( Hugh Langley | ) www.businessinsider.com time to read: +5 min

But Apple and Google had for months been working together behind the scenes, with Google giving Apple access to its data centers to train the iPhone maker's new AI models. For years, Apple has leaned on Google and Amazon's cloud services to store data for its products. For example, when Apple device users do iCloud backups they are often stored in Google's data centers. Most of the impressive features of AI models must be at least partly handled in massive energy-sucking data centers, which companies such as Microsoft, Google and Amazon have spent years building. Bloomberg previously reported that Google and Apple were also in talks to bring Google's Gemini AI to iOS devices.

Persons: —, OpenAI, Googlers, It's, Craig Federighi Organizations: Service, Apple, Google, Business, Apple Intelligence, Nvidia, Microsoft, Oracle, Bloomberg

☆ This sector is loved by Wall Street for its attractive yields and relative value
▼ + stars: | 2024-06-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

High interest rates have been a boon to Americans holding cash, but many on Wall Street are cautioning investors to start thinking ahead. People have been piling into cash vehicles like money market funds and certificates of deposit since the Federal Reserve started hiking interest rates. Interest rates appear to be staying higher for longer, with the Federal Reserve on Wednesday projecting only one rate cut this year. Agency MBS have a duration of about six years, per the Bloomberg US MBS Index as of June 3, Jones noted. Right now, the residential mortgage-backed securities sector looks attractive because of its relative value compared to investment-grade corporate bonds, he said.

Persons: Jones, Leslie Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Wells Fargo, Luis Alvarado, Alvarado, Falconio Organizations: Federal Reserve, Investment Company Institute, Schwab Center, Financial Research, Agency MBS, Bloomberg, MBS, UBS, Wells, Wells Fargo Investment Institute, Investors, corporates, UBS America's, AAA Locations: UBS Americas, Wells, Wells Fargo

☆ 'Inside Out 2' arrives in theaters and could hit a 100-day run. Here's why that's increasingly rare
▼ + stars: | 2024-06-14 | by ( Sarah Whitten | ) www.cnbc.com time to read: +9 min

Disney | PixarDisney is looking to bring a little joy to theaters with its upcoming release of Pixar's "Inside Out 2." For comparison, 2019's "Toy Story 4" generated $12 million on its Thursday previews and snared $120.9 million for its opening weekend. Only a rare few films would extend beyond that date — usually massive franchise films or blockbuster hits. "Ninety-day windows were always going to be unsustainable," said Jeff Kaufman, senior vice president of film and marketing at Malco Theaters. Box office experts are looking to "Inside Out 2" as a barometer for the health of Pixar and its future.

Persons: Disney, Jeff Kaufman, Daniel Loria, Loria, There's, Scarlet Johannson, Sean Gamble, Luca Organizations: Disney, Pixar Disney, Warner Bros, Pixar, Universal, Malco, Box Office Company, Studios, Hollywood, Lionsgate, Universal —, Paramount, Sony, Fox, Searchlight —, Marvel, Walt Disney Animation Locations: United States, Canada, North America, U.S

☆ I'm a cybersecurity expert who likes using AI. But I'd never share a few things with ChatGPT or its competitors.
▼ + stars: | 2024-06-11 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

I'm a security expert and a vice president of engineering at a content management system company, which has Netflix, Tesla, and Adidas among its clients. Here are four things I would keep in mind when interacting with AI chatbots like OpenAI's ChatGPT, Google's Gemini, Anthropic's Claude, or Perplexity AI. Follow company AI guidelinesAs using AI in the workplace becomes common for tasks like coding or analysis, it is crucial to follow your company's AI policy. As AI chatbots become more humanlike, we are swayed to share more and open up to topics we would not have before. Do you work in tech or cybersecurity and have a story to share about your experience using AI?

Persons: —, Sebastian Gierlinger, Google's, Anthropic's Claude, ChatGPT, OpenAI, chatbots Organizations: Service, Netflix, Tesla, Adidas, Business, Facebook Locations: Storyblok, Austria

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