DIRS.INFO The most relevant business & tech news

☆ ChatGPT is getting chattier with ‘advanced voice mode’
▼ + stars: | 2024-07-30 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —OpenAI stunned users when it demonstrated an updated voice mode for the most advanced version of ChatGPT earlier this year. Far from the kind of robotic voice that people have come to associate with digital assistants like Alexa or Siri, the ChatGPT advanced voice mode sounds remarkably lifelike. Starting on Tuesday, advanced voice mode — which works with the most powerful version of the chatbot, ChatGPT-4o — will begin rolling out to paid users. Advanced voice mode will start rolling out to a small group of subscribers to the app’s “Plus” mode, with the aim of making it available to all Plus users in the fall. ChatGPT does have a less sophisticated voice mode already.

Persons: New York CNN — OpenAI, Siri, Scarlett Johansson, ChatGPT’s, OpenAI, “, won’t, —, Johansson, ” Organizations: New, New York CNN, Apple Locations: New York

☆ AMD jumps on earnings report that validates our decision to reinvest in the stock
▼ + stars: | 2024-07-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

AMD sold off on its first-quarter earnings report due in large part to its MI300 sales guidance falling short of sky-high expectations. Nvidia remains the dominant player in AI chips, but AMD is continuing to carve out a lane in the rapidly expanding market. Among the highlights, Su said Microsoft has expanded its use of the AI chips for certain software applications, including messaging app Teams. AMD's data center business is now nearly 50% of companywide revenues, up from 37% in the fourth quarter of 2023. Within data center, sales of both AI chips and traditional server chips will grow in the third quarter, Su said.

Persons: Lisa Su, Su, Jim Cramer, it's, —, FactSet, Jim Cramer's, Jim, Cheng Organizations: Revenue, AMD, Intel, Nvidia, Broadcom, Club, Microsoft, CNBC, Micro Devices, Afp, Getty Locations: Taipei

☆ These drugmakers are catching up to Eli Lilly and Novo Nordisk in weight loss treatments
▼ + stars: | 2024-07-28 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +6 min

With billions at stake, that's pretty much been a guarantee facing the current market leaders, Eli Lilly and Novo Nordisk , from the start. Their updates are likely to be joined by others in the coming months even as today's incumbents develop their own next-generation weight loss treatments. Other analysts have also grown more optimistic about the future of weight loss treatments. Orforglipron, a once-a-day oral GLP-1 drug that Lilly is working on, had shown a 3% weight loss at 4 weeks. The company is also exploring whether the weight loss treatment could be given only once a month.

Persons: Eli Lilly, drugmakers Roche, Lilly, Denmark's, Trung Huynh, Huynh, Rajesh Kumar, Kumar, Novo, Roche, Roche ADRs, Justin Zelin, Zelin, Viking's, HSBC's Kumar, Novo aren't, —, Nick Wells Organizations: Novo Nordisk, Viking Therapeutics, UBS, HSBC Global Research, Carmot Therapeutics, Food and Drug Administration, Viking, European Association for, Diabetes, Pfizer, Amgen, Therapeutics Locations: Swiss, Novo, San Antonio, Spain

☆ Embattled Democrats Express New Hope With Harris at Top of Ticket
▼ + stars: | 2024-07-27 | by ( Catie Edmondson | Carl Hulse | ) www.nytimes.com time to read: +1 min

But in the weeks after President Biden turned in a disastrous debate performance against Donald J. Trump last month, Mr. Heinrich was among the Democrats privately panicking. Polls showed New Mexico slipping into an expanding universe of potentially winnable states for the former president — foretelling an electoral disaster for Mr. Biden and trouble in the senator’s own re-election race. So Mr. Biden’s decision last weekend to exit the race took a weight off the shoulders of Mr. Heinrich and other Democratic incumbents, who now describe a sense of hope and momentum overtaking the doom and gloom that had permeated their party since late June. “Across the board — engagement, social media, anecdotal — everything feels different. I feel better about the broad momentum.”

Persons: Martin Heinrich, Biden, Donald J, Trump, Heinrich, — foretelling, Biden’s, ”, Nella Domenici, Pete Domenici Organizations: Republican, Senate, panicking, Democratic Locations: New Mexico, Mexico, “

☆ How the Harris 2024 shake-up could affect House and Senate races
▼ + stars: | 2024-07-27 | by ( Zachary B. Wolf | Simone Pathe | ) edition.cnn.com time to read: +13 min

It could also have a major impact on House and Senate races. We talked by email about the state of play for the House and Senate and how the shake-up in the presidential race might change things. PATHE: House races are typically more nationalized than Senate races because the candidates are lesser known; therefore, it’s harder for them to separate themselves from their party and the top of the ticket. WOLF: The presidential primary process is over, but we’re still in the thick of statewide primaries for House and Senate races. WOLF: If there’s one Senate race that could be a bellwether for the country as a whole, which one is it and why?

Persons: Kamala Harris, Joe Biden, Simone Pathe, Harris, Biden, It’s, Donald Trump, Trump, Wisconsin Sen, Tammy Baldwin, who’s, Baldwin, she’d, Sen, Jon Tester, Tester, it’s, Priscilla Alvarez, hasn’t, WOLF, Ohio’s Sherrod Brown, doesn’t, Brown, — Tester, Bob Casey of Pennsylvania, Jacky Rosen, Nevada –, —, There’s, we’re, — GOP Sen, Rick Scott, Debbie Mucarsel, Powell, Colin Allred, GOP Sen, Ted Cruz, there’s, Cruz, we’ve, Beto O’Rourke’s, Jaime Harrison’s, South Carolina Sen, Lindsey Graham, Allred —, That’s, Debbie Stabenow, Elissa Slotkin, Mike Rogers Organizations: CNN, CNN Politics, Senate, PATHE, Democratic, Black, Biden, Trump, Air Force, GOP, Republican, Democrat, House, — GOP, of Houston, South Carolina, Democrats, Democratic Rep Locations: Washington, Wisconsin, Madison, Milwaukee, Baldwin, Montana, California, Pennsylvania, Trump, New York, Oregon , Washington , Colorado , Michigan, North Carolina, New Mexico, Maine, Alaska, York, Ohio, In Ohio, Nevada, Arizona , Michigan, West Virginia, — Texas, Florida, Maryland, Texas, Michigan

☆ Openness in AI is necessary to promote fair and competitive markets, said FTC's Lina Khan
▼ + stars: | 2024-07-25 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +6 min

"These conditions have allowed, in some instances, the biggest technology companies to get a layup in the AI space," Khan said. In particular, Khan called for AI models' weights to be publicly available. In the age of AI, Khan said both consumers and enterprises are uncertain of their data's protections when using foundation models. "We only focus on deals that have problems…it's a narrow set of deals that satisfy a narrow set of criteria." In March, Microsoft paid $650 million in a licensing deal to Inflection AI, an emerging OpenAI rival, to use its AI models and hire most of its employees.

Persons: —, Lina Khan, Khan, We've, you've, Jonathan Kanter, Kevin Dietsch, Kanter, execs Organizations: Service, Federal Trade Commission, FTC, Big Tech, Microsoft, Google, Business, Meta, Antitrust, Department of Justice, DOJ, Apple, Tech, New York VC, YC, Amazon Locations: OpenAI, America

☆ JD Vance breaks polling records in the worst way
▼ + stars: | 2024-07-24 | by ( Alice Tecotzky | John L. Dorman | ) www.businessinsider.com time to read: +3 min

Read previewVice presidential candidates typically receive a ratings bump after their party's convention, but JD Vance is bucking the tradition. Since 2000, vice presidential candidates typically have a net positive rating immediately following the convention, at plus 19 points. Vance, however, is polling at minus six points just one week after accepting the vice presidential nomination and officially embarking on the campaign, according to the network. "The JD Vance pick makes no sense from a statistical polling perspective," CNN political data reporter Harry Enten said. "We'd like to be the first to congratulate JD Vance on making history as the least popular VP pick, well…ever," it reads.

Persons: —, JD Vance, Vance, Tim Ryan, Mike DeWine, Nan Whaley, Harry Enten, Harris, Joe Biden, Kamala Harris, Trumpworld, Donald Trump, Trump's, Biden, There's, Trump Organizations: Service, Republican National Convention, CNN, Business, Ohio Senate, Democratic, Republican Gov Locations: Ohio, Dayton

☆ Events startup Posh just raised $22 million as the IRL space heats up. Read the 12-page pitch deck it used.
▼ + stars: | 2024-07-23 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +4 min

Read previewLike many tech startups, Posh, an events marketplace platform, was born in a college dorm room. "We pivoted from an event company into a software company," as a result, CEO Price told Business Insider. Last month, the app had over 5,000 events listed on the app, Price said. Advertisement"A big thesis of ours is actually that we can create a new revenue stream for creators by congregating their top 1% of fans IRL," Price added. AdvertisementRead the 12-page pitch deck Posh used to raise its $22 million Series A:Note: The company updated and redacted some figures in the deck.

Persons: —, Eli Taylor, Avante Price, Posh, Price, Sam Altman, " Altman, Logan Bartlett, Ariana Nathani Organizations: Service, New York University, Business, Goodwater Locations: Miami, New York

☆ Energized Democrats quickly consolidate around Harris
▼ + stars: | 2024-07-22 | by ( Eric Bradner | ) edition.cnn.com time to read: +9 min

Democratic congressional leaders had remained quiet so far — but there were signs that could soon change. Massachusetts Rep. Katherine Clark and California Rep. Pete Aguilar, the second- and third-ranking House Democrats, endorsed Harris on Monday morning. The Clintons, in a statement Sunday, endorsed Harris; Obama did not, deferring to the party’s process. In those phone calls, Harris made clear that while she was grateful for Biden’s endorsement, she planned to earn the Democratic nomination in her own right. Longtime Democratic operative Donna Brazile said that she was in the process of gathering delegates to support Harris.

Persons: Kamala Harris, Donald Trump, Harris, Lauren Hitt, —, West Virginia Sen, Joe Manchin, Andy Beshear, North Carolina’s Roy Cooper, California’s Gavin Newsom, Pennsylvania’s Josh Shapiro, South Carolina —, Ohio Sen, Sherrod Brown, Massachusetts Sen, Elizabeth Warren, Alexandria Ocasio, Katherine Clark, Pete Aguilar, Joe Biden’s, Biden, She’d, Harris —, Barack Obama, Bill Clinton, Hillary Clinton, Obama, Amos Brown III, — Harris ’, “, ”, Harris ’, Donna Brazile, ” Brazile, Muriel Bowser, Joyce Beatty, Jasmine Crockett, Manchin, ” Manchin, Eric Adams, ” Adams, jockeying, Beshear, JD Vance, JD Vance ain’t, ” Beshear, Vance, “ JD Vance, ’ ” Beshear, isn’t, ” Cooper, I’m, Ebony Davis, Aaron Pellish, MJ Lee, DJ Judd, Eva McKend Organizations: CNN, Democratic Party, Democratic, West Virginia, Congressional Black Caucus, Congressional Hispanic Caucus, Congressional Progressive Caucus, Service Employees International Union, American Federation of Teachers, Convention, South Carolina, New York Rep, Massachusetts, California Rep, Howard University, Congressional, Texas Rep, Democratic National Convention, CBS News, New York, New York City Democratic, MSNBC, Republican, North Carolina Locations: North, Tennessee, North Carolina, South, Ohio, Massachusetts, Alexandria, Cortez, California, Washington, DC, Chicago, West Virginia, New York City, Kentucky

WASHINGTON — Members of President Joe Biden's family have discussed what an exit from his campaign might look like, according to two people familiar with the discussions. Biden's family members have specifically discussed how he would want to end his re-election bid on his own timing and with a carefully calculated plan in place. White House spokesman Andrew Bates denied that any such exit discussions are happening amongst the family. Among the reports: that longtime speechwriter and historian Jon Meacham was penning Biden's exit remarks. Amid the turmoil the Biden campaign sent out talking points to Democrats, according to a Democratic strategies: "President Biden has not spoken to congressional leadership today.

Persons: Joe Biden, Jill Biden, Joe Biden's, —, Biden, Donald Trump, Biden's, Andrew Bates, Joe, Jen O'Malley Dillon, it's, Ron Klain, Klain, Trump, Bates, Hunter, Valerie Owens, Bidens, Kamala Harris, Jon Meacham, Meacham, I'm, Al Sharpton, Sharpton, it's Joe Biden, Brian Wolff, Wolff Organizations: White, WASHINGTON —, Republicans, Trump, White House, Covid, Democratic, NBC News, MSNBC, Republican National Convention, Biden, Senate, PAC Locations: Washington , U.S, Rehoboth Beach , Delaware

☆ Shakeups in the 2024 race provide much-needed jolt in interest for news outlets
▼ + stars: | 2024-07-18 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

In other words: the 2024 drought appears to be over as Americans show renewed interest in a race that has suddenly been thrown into upheaval. GET RELIABLE SOURCES IN YOUR INBOX A daily digest chronicling the evolving media landscape with uncompromising reporting and analysis. The CNN debate averaged 51 million viewers, networks averaged about 19 million viewers after Trump was shot, and the first night of the RNC averaged 18 million viewers. To be clear, the television ratings and interest generated by the twists and turns of the 2024 election have not been historic by any means. But the startling news cycle has, unquestionably, breathed life into what had been a sleepy race, offering jolts to the system.

Persons: Milwaukee CNN —, Donald Trump, Joe Biden, Trump Organizations: Milwaukee CNN, Republican National Convention, CNN, RNC, Trump

☆ Britain sees low-alcohol beer sales boom during Euros soccer championship
▼ + stars: | 2024-07-16 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

LONDON — While the European men's soccer championship ended in gloom yet again for England, the tournament boosted the nation's grocery store and hospitality spending — with no and low-alcohol sales seeing a particular boom. Take-home grocery sales increased 2.2% across the four weeks to July 7, with beer sales up by an average 13% on England match days, market research firm Kantar said in research released Tuesday. No and low-alcohol beer sales meanwhile spiked 38%, Kantar said, attributing this to the fact that many England matches were held on weeknights. It is the latest sign of strength in the no and low-alcohol beer market, which has grown rapidly in recent years with offerings from both the brewing juggernauts and incumbents such as Lucky Saint, which is served in cans and on tap in thousands of U.K. pubs and bars. Research firm IWSR forecasts the U.K.'s total beverage alcohol market will see a 1% decline across volume and value over the next five years, as no and low-alcohol grows 19%.

Persons: Kantar, Saint, IWSR Organizations: Euro Locations: England, Spain, London, United Kingdom

☆ Vermont’s Peter Welch becomes first Democratic senator to call for Biden to step aside
▼ + stars: | 2024-07-10 | by ( Morgan Rimmer | ) edition.cnn.com time to read: +2 min

CNN —Vermont Sen. Peter Welch on Wednesday became the first Democratic senator to call on President Joe Biden to step aside as the party’s presidential nominee. “I understand why President Biden wants to run. He saved us from Donald Trump once and wants to do it again,” Welch continued. “Vermont loves Joe Biden,” Welch wrote. “President Biden and Vice President Harris received a larger vote percentage here than in any other state.

Persons: Vermont Sen, Peter Welch, Joe Biden, Biden’s, ” Welch, ”, “, Biden, Donald Trump, Kamala Harris “, House . Colorado Sen, Michael Bennet, doesn’t, “ Donald Trump, ” Bennet, CNN’s Kaitlan Collins, — Montana’s Jon Tester, Ohio’s Sherrod Brown, —, Welch, Harris, Trump Organizations: CNN, Vermont, Wednesday, Democratic, House . Colorado, Senate Democratic Locations: Washington, ”, Vermont, House

☆ Election Results in Europe Suggest Another Reason Biden Has to Go - The New York Times
▼ + stars: | 2024-07-10 | by ( Nicholas Kristof | ) www.nytimes.com time to read: +1 min

There’s a dollop of good news for Democrats from the British and French elections, but it’s bad news for President Biden. The basic lesson is that liberals can win elections but perhaps not as incumbents. The election results abroad strike me as one more reason for Biden to perform the ultimate act of statesmanship and withdraw from the presidential race. The U.K. elections on July 4 resulted in a landslide for the Labour Party, ending the Conservative Party’s 14 years in power. The two main reasons voters backed Labour, according to one poll, were “to get the Tories out” and “the country needs a change.” A mere 5 percent said they backed Labour candidates because they “agree with their policies.”

Persons: Biden, statesmanship, Keir Starmer, mucking, ” Organizations: Labour Party, Conservative, Labour

☆ George Clooney says Biden should drop out, can't win in November
▼ + stars: | 2024-07-10 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Read previewGeorge Clooney on Wednesday called on President Joe Biden to drop out of the 2024 race just weeks after co-hosting a star-studded fundraiser for the president's campaign. "He wasn't even the Joe Biden of 2020. I'm proud of what my party represents and what it stands for," Clooney wrote. AdvertisementIn his Times column, Clooney added that he help put on, "some of the biggest fund-raisers in my party's history. Joe Biden in 2020."

Persons: —, George Clooney, Joe Biden, Joe, Biden, Clooney, Reed Hastings, Barry Diller, Clooney's, Rob Reiner, Reiner, …, @robreiner, he's, Nancy Pelosi, lister, Julia Roberts, Barbra Streisand, Barack Obama, Steve Ricchetti, Amal Clooney, Hillary Clinton Organizations: Service, The New York Times, Business, Hollywood, Netflix, IAC, MSNBC, Seven House Democrats, Academy, The Washington Post, Democrats Locations: Washington, Hague

☆ New social-media apps are surging as people look for alternatives to Instagram and TikTok. But can they last?
▼ + stars: | 2024-07-10 | by ( Sydney Bradley | Amanda Perelli | ) www.businessinsider.com time to read: +1 min

Many new social-media apps struggle to sustain user growth after going viral. Sensor Tower data shows major incumbents like Instagram and TikTok are still dominating. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA new app hits the top of the app store, everyone is talking about it, and millions download it. According to recent data from marketing intelligence firm Sensor Tower, it is much tougher for new social-media platforms to grow and retain users compared to major incumbents like Instagram or TikTok.

Persons: — Organizations: Service, Business

☆ Trump's cementing his lead after Biden's debate disaster
▼ + stars: | 2024-07-10 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

He was already in a difficult spot before his debate with former President Donald Trump. I think Biden has work to do, but I think he can do it," former White House communications director Kate Bedingfield wrote on X in a series of posts. Biden's dismal approval rating of approximately 38% has remains below the roughly 48% threshold incumbents have needed to win reelection. Biden's worst 2020 position was a four point lead over Trump, according to CNN. Their belief is that Trump's campaign will rue its decision to opt against an extensive on-the-ground presence in the key battleground states.

Persons: —, Joe Biden's, Donald Trump, Biden, Republican hasn't, Ronald Reagan, We're, Mark Levine, Dave Wasserman, Trump, fMWvW8NxrA, — Dave Wasserman, @Redistrict, Kate Bedingfield, " Bedingfield, hasn't, Al Gore, Biden's, Sen, Michael Bennett, CNN's Kaitlan Collins, It's, Harris, Donald Trump's, Dan Kanninen Organizations: Service, New, New York Democrats, Republican, Business, Democratic Manhattan Borough, Politico, Cook, Biden, White House, Trump, Democratic, CNN, Colorado Democrat Locations: New York, Trump, Minnesota, New Hampshire, New Mexico, Georgia, Arizona, Nevada, Michigan , Wisconsin , Pennsylvania, Omaha, District, Nebraska, Colorado

☆ Incumbents pay the price in year of global elections
▼ + stars: | 2024-07-09 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

And elections in Taiwan and South Korea proved the dynamism of the idea that free elections can promote stable governance. The two round French election system once again kept the far-right out of power on Sunday but Macron’s gamble didn’t exactly pay off. An era of political turmoil now looms with a hung parliament, a likely shaky coalition and instability ahead of the next presidential election in 2027. Kevin Coombs/ReutersIndonesiaPrabowo Subianto, a former army general, won the presidential election in the world’s fourth most populous nation, which is home to its largest Muslim population. IranIran wasn’t supposed to have a presidential election this year.

Persons: El, they’ve, Donald Trump’s, Joe Biden, Trump —, Ursula von der Leyen, Emmanuel Macron, Le, Macron, Keir Starmer, Kevin Coombs, Suharto, Narendra Modi, Adnan Abidi, Imran Khan, Nawaz, Asif Ali Zardari, Benazir Bhutto, Sheikh Hasina, Vladimir Putin, Alexey Navalny, Putin, El Salvador, Nayib Bukele, ”, Bukele, Claudia Sheinbaum Pardo, ObturadorMX, Claudia Sheinbaum, Andrés Manuel López Obrador, Sheinbaum, Lai Ching, Yoon Suk Yeol, André Ventura, Peter Pellegrini, Robert Fico, Fico, Nelson Mandela —, —, Macky Sall, Sall, Bassirou Diomaye Faye, Ebrahim Raisi, Ayatollah Ali Khamenei, Masoud Pezeshkian, ultraconservative Saeed Jalili, Pezeshkian Organizations: CNN, European Union, United States –, France, European People’s Party, Popular Front, Britain Voters, Conservative, Labour Party, Reuters, Reuters Indonesia Prabowo, Bharatiya Janata Party, BJP, Pakistan Muslim League, Pakistan People’s Party, Bangladeshi, Kremlin, El, El Salvador Strongman, El Salvador —, Getty, Democratic Progressive Party, Portugal Incumbents, Democratic Alliance coalition, Putin, Russian, South Africa Voters, National Congress, ANC, Democratic Alliance Locations: France, Britain, Iran, El Salvador, Slovakia, Russia, Indonesia, Mexico, South Africa, United States, India, Senegal, Taiwan, South Korea, Germany, London, Reuters Indonesia, Subianto, New Delhi, Reuters Pakistan, Pakistan, —, Bangladesh, South Asia, America, China, Beijing, Portugal, Ukraine, Europe, Senegal Senegal, Africa, Sall, Iran Iran, Islamic Republic

☆ How Biden’s 2024 choice could reshape the Senate and Supreme Court for years
▼ + stars: | 2024-07-09 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +18 min

But recent history raises deep questions about whether Democratic Senate candidates can continue to levitate as far above the presidential ticket as polls now show. “A Democratic Senate majority coalition relies on having both Senators from a state such as Michigan,” said Daniel Hopkins, a University of Pennsylvania political scientist. As recently as the 1980s, it was common for voters to split their tickets in Senate races. Still, even that alignment left room for some Senate candidates to swim against this general tide. This history, by itself, doesn’t answer whether Democratic Senate candidates would have better prospects with or without Biden as their presidential nominee.

Persons: Joe Biden, Biden, Donald Trump, Republican Sen, Susan Collins of, Trump, Samuel Alito, Clarence Thomas, Sonia Sotomayor, ”, Democratic Sen, Evan Bayh, Bayh, “, —, Sen, Joe Manchin, who’s, Democratic Sens, Sherrod Brown of, Jon Tester, Montana, Bob Casey, Tammy Baldwin, Jacky Rosen, Elissa Slotkin, Ruben Gallego, Kyrsten, Martin Heinrich, Nella Domenici, Pete Domenici, Curtis Bashaw, Andy Kim, Bob Menendez, Rick Scott, Ted Cruz, Collins, Ron Johnson, Daniel Hopkins, — hasn’t, David Bergstein, ” Bergstein, ” Mike Berg, ” Lee Drutman, Drutman, Biden’s, ” Drutman, Democratic pollster, ” Jason Kander, Kander, Hillary Clinton, Clinton, Roy Blunt, doesn’t, ” Kander, ” Bayh, Republican Todd Young, it’s, Ronald Reagan’s, Barack Obama, Obama, Republican Dean Heller, Heller —, Steve Bullock, Jesse Hunt, Hunt, Hopkins Organizations: CNN, Senate, Democratic, Republican, White, GOP, West, Republicans, Biden, Democratic Sens, Democrats, Trump, University of Pennsylvania, don’t, Democratic Senatorial, “ Republicans, National Republican Senatorial, Democratic Senate, ”, White House, Indiana Senate, Democratic Gov Locations: Susan Collins of Maine, Indiana, West Virginia, Sherrod Brown of Ohio, Pennsylvania, Wisconsin, Nevada, Michigan, Arizona, New Mexico, New Jersey, Florida, Texas, North Carolina, — Maine, Florida , Iowa, Ohio, New America, Missouri, Southern, Maine, Iowa , Kansas , Kentucky, Montana , South Carolina

☆ The Dow historically performs well in August when incumbents win, says Jim Cramer
▼ + stars: | 2024-07-08 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Dow historically performs well in August when incumbents win, says Jim Cramer'Mad Money' host Jim Cramer looks at the impact of politics on the markets.

Persons: Jim Cramer

☆ Noplace is the hottest new app on the charts. Its founder spills on how it went viral and plans to skirt becoming a 'fad.'
▼ + stars: | 2024-07-04 | by ( Sydney Bradley | Alexandra Bacon | ) www.businessinsider.com time to read: +6 min

The social media app is the brainchild of 27-year-old serial founder and investor Tiffany "TZ" Zhong, whose tech career took off in her late-teens. Instead of stressing over carefully curated posts, the app encourages users to share their stream-of-consciousness thoughts directly to the feed. According to its App Store description, it aims to harken back to the social media era before "algos and ads" took over. She particularly follows the behavior of Noplace's "power users," some of whom even spend between eight and 10 hours on the app, Zhong said. And at a time when social media platforms are prioritizing entertainment over social interactions, Noplace feels timely.

Persons: —, Tiffany, Zhong, you've, It's, Noplace, Nospace, …, Alexis Ohanian, it's, There's Organizations: Service, Twitter, Apple, Business, Noplace's, Big Locations: Noplace, Reddit

☆ Why this VC is betting on social commerce as a driving force in the creator economy
▼ + stars: | 2024-07-04 | by ( Sydney Bradley | Dan Whateley | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBuzz around the creator economy has been waning — but the end of a hype cycle isn't always bad news. AdvertisementHis continued interest in the creator economy stems in part from his approach to defining the broad space. Related storiesFrom gaming to social networks to commerce to enterprise, the creator economy engulfs many areas of interest. Where Daybreak Ventures sees potentialWhere the creator economy overlaps with commerce is especially interesting to Woodbury right now.

Persons: —, Rex Woodbury, that's, Woodbury, haven't Organizations: Service, Daybreak Ventures, Business, Ventures, Creative, Flagship, Industrial Locations: Woodbury

☆ Forget right or left. Voters are sick of whoever's in charge.
▼ + stars: | 2024-07-04 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Though some say right-wing movements are on the rise globally, in this year's elections, that's not universally the case. Andy Soloman/UCG/Universal Images Group via Getty ImagesIn short, voters are just fed up — no matter who's in charge. Voters want a chanceGlobally, it's not hard to see an anti-establishment, anti-incumbency trend playing out. So-called "double haters" — voters who dislike both Trump and Biden — have made up an influential chunk of the electorate in recent polls.

Persons: —, that's, Brian Greenhill, Rishi Sunak's, Andy Soloman, Greenhill, Keir Starmer, Rishi, Emmanuel Macron's, Narendra Modi's, Yoon Suk, Joe Biden, Donald Trump, de, Richard Wike, Sweden —, Wike, Mike Kemp, there's, Biden —, Biden, it's Organizations: Service, Business, SUNY, Environmental, Getty, Voters, Labour, Conservative Party, Reuters, African National Congress, NPR, de Maismont, Pew's, Research, Pew Research, Trump Locations: India, France, SUNY Albany, South Korea, —, United States, AFP, Canada, Germany, Greece, Italy, Japan, Netherlands, Spain, Sweden, America

☆ An ex-Googler reveals why she's selling her construction startup to a Saudi company with still a year of runway in the bank
▼ + stars: | 2024-07-02 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

She's now selling her startup to WakeCap, a Saudi Arabia-based company that has contracts with many of the kingdom's construction megaprojects such as "desert cities." Instead, Eisnor exited early, selling her startup to help it scale faster. WakeCapBuilt toughFor nine years, Eisnor had a front-row seat at a tech rocketship, Waze, the Israeli-born maps and navigation company. "There is a reality in construction software that a lot of the names that you might know, they're going to be hovering around, say, $10 million in ARR. Eisnor is staying on as chief strategy officer, and Crews by Core's chief technology officer, Gene Gutnik, now leads tech for the combined company.

Persons: Ann Eisnor, Crews, Eisnor, I'm, Caterina Fake's, Hassan Albalawi, Albalawi, Kajima, —, WakeCap's Albalawi, they're, Gene Gutnik, WakeCap Organizations: Service, Business, NFX, GV, Google, McKinsey & Company, Autodesk, Core, Core's Locations: Saudi Arabia, United States, Saudi, Silicon, Silicon Valley, Israeli, hyperscale, WeWork

☆ A market hedge if this atypical election run-up causes an S&P 500 correction
▼ + stars: | 2024-07-01 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

The S & P 500 has yielded an average return of 7.9% since 1928, the year Herbert Hoover was elected. LBJ's presidency was also notable because he chose not to seek reelection in 1968, a year with a modest S & P return of 7.7%. A market correction could be more likely now than it seemed two weeks ago, as suggested by the current pricing of S & P options. Options such as SPDR S & P 500 ETF Trust (SPY) August $535 puts are currently priced around $5.50, about 1% of SPY's price, while S & P 500 5350 puts are around $50. SPY YTD mountain SPDR S & P 500 ETF Trust If a correction does occur, investors could monetize, roll, or spread the hedge.

Persons: Herbert Hoover, Hoover, Carter, George H.W, George H.W . Bush, LBJ's, Trump Organizations: Trump, JFK, FDR, Nvidia, Trust, Democratic National Convention, CNBC, NBC UNIVERSAL Locations: George H.W .

Search resuls for: "Incumbents"

25 mentions found