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Read previewThe struggling movie theater industry has a buzzy new idea for how to solve its financial woes: pickleball. The group said movie theater chains will also invest in adding more family entertainment options, like bowling and arcades, to their facilities. The group's president and CEO, Michael O'Leary, also told Variety that pickleball courts and ziplines will be coming to some theater complexes. Still, the renovations won't be the first time that pickleball joins forces with movie theaters. One B&B Theatres location in Texas — which is part of the National Association of Theater Owners — already has outdoor pickleball courts in its theater complex.
Persons: , that's, Michael O'Leary, O'Leary, pickleball Organizations: Service, National Association of Theater, Business, AMC Entertainment Inc, Regal, Inc, Marcus Theatres Corp, B Theatres, Harkins Theatres, Santikos Locations: Canada, USA, Texas
"The Fed rate cuts are likely to support inflows to money market funds over the course of the next year," Antoniewicz said. While retail investors may slow their pace of investment, institutional flows tend to ramp up since yields on money market funds lag the funds rate, she noted. That cash can stay in a money market fund, a high yield saving account or certificates of deposit. The bucket for three to five years has about 70% in fixed income, with a small amount of high yield bonds added that have durations under five years. He'll dip more into high yield, as well as private credit, in the six to 10-year fixed income category.
Persons: haven't, Shelly Antoniewicz, Antoniewicz, Chuck Failla, you'll, Bond, Failla, Marcus, Kathy Jones, It's, Jones Organizations: Federal Reserve, Investment Company Institute, Sovereign Financial Group, Schwab Center, Financial Research, Treasury, nab Locations: Wells
Read previewAs college football season kicks off, fans are getting an unprecedented look at the lives of the Notre Dame Fighting Irish football team in a new docuseries "Here Come the Irish," streaming on Peacock. He's excited for fans to see the highs and lows they go through as a team and what makes them more than just football players. Fall camp means long hours dedicated to footballBefore the season starts, players attend fall camp, which begins in August and lasts three to four weeks. There's time for a mid-day nap to rechargeAfter practice, the players have a 45 to 60-minute break. The day continues with more training until 8 p.m.During team meetings, they recap what happened earlier in the day.
Persons: , Marcus Freeman, Lou Holtz, Benjamin Morrison, Riley Leonard, Morrison, That's, It's, Adele, we've, Freeman, Nandini Maharaj Organizations: Service, Notre Dame Fighting Irish, Fighting Irish, Business, Irish, Hamilton
They're just a few of the destinations trying to lure away the U.K.'s uber wealthy ahead of proposed changes to the country's divisive non-dom tax regime. They will also be prevented from avoiding inheritance tax on assets held in trust. The majority (83%) cited inheritance tax on their worldwide assets as their key motivator for leaving, while 65% also referenced changes to income and capital gains tax. Where the wealthy are movingIt comes as other countries are shaking up their tax regimes to incentivize wealthy investors. Ultra-wealthy U.K. citizens, who are typically highly active in the super-prime market, are also in "wait and see" mode ahead of possible changes to capital gains and inheritance tax.
Persons: Keir Starmer, Rachel Reeves, Macleod, Miller, they'll, Leslie Macleod, Helena Moyas de Forton, Moyas de Forton, Labour's, Alexander Spatari, I'm, Marcus Meijer, Mark, CNBC's, it's, James Myers, Oliver James, Myers, Knight Frank, Stuart Bailey, Knight Frank's, they're, Bailey Organizations: Old Bond, Pawel, Bank, Getty, Labour, Oxford Economics, Conservative, Investors, Britain, CNBC, Treasury, EMEA, Christie's, Estate, Henley & Partners, Monaco, London, Istock Locations: Old, Mayfair, London, United Kingdom, Monaco, Italy, Switzerland, Dubai, They're, Britain, Greece, Malta, Caribbean, Bahamas, Monte Carlo, Gibraltar, South Kensington, England
Hanna, based in Washington State, told Business Insider that when she got the "god-inspired" urge to start sprinting, she turned to her husband for help. By 2011, Hanna was fast enough to compete in the Washington State Senior Games, a sports competition for people over 50. The next year, she competed at the National Senior Games, which she has done three more times since. Hanna and her coach, Marcus Chambers, after she won gold at the 2024 Senior Games. Hanna won gold in the four by 100 metres with her relay team at this year's National Senior Games.
Persons: , Madonna Hanna, Hanna, hasn't, Marcus Chambers, it's, you've, Nathan K, Robert, Arlene Kogod, Bryan Goldberg, Mike Molloy Organizations: Service, Business, Washington State Senior Games, National Senior Games, Washington State, British, of Sports Medicine, Aging, Mayo Clinic, Senior Games Locations: Washington State
The orange-robed icon looks on as the pilot speedily executes a dramatic last-minute turn to land the A319 on the slender runway. That’s just another normal working day at Bhutan’s Paro International Airport (PBH), widely considered one of the most technically difficult plane landings in the world. Paro is a category C airport, which means that pilots must have special training to fly there. As the national flag carrier, Druk Air has taken much of the responsibility for pilot training on itself. He believes there are 50 licensed pilots in Bhutan, but that number could easily double in the next few years.
Persons: Bhutan CNN —, That’s, Lilit Marcus, , Chimi Dorji, Dorji, It’s, ” Dorji, isn’t, it’s, Organizations: Bhutan CNN, Paro International, CNN, Druk, Royal Bhutan Airlines, CNN Travel, Air, KLM, Qantas, Delta Air Lines, Druk Air Locations: Thimpu, Bhutan, Paro, China, India, New Delhi, Bangkok, Kathmandu, Hanoi, Bengal, , North America, Europe
“Coffee and caffeine consumption may play an important protective role in almost all phases of CM development,” Ke said. What researchers don’t knowThe methodology is strong and the results line up with existing data about caffeine and heart health, but there are still questions about the extent of the connection between caffeine and heart health, Marcus said. Because the study is observational, it can only show a connection between caffeine and heart health, he said. Other factors may actually be the cause of the improved heart health, he added. And contrary to popular wisdom, drinking caffeine in coffee is associated with experiencing a lower risk of abnormal heart rhythms, he added, pointing to his and others’ research.
Persons: Chaofu Ke, Cardiometabolic, ” Ke, Ke, Gregory Marcus, ” Marcus, Marcus, Organizations: CNN, Soochow University, Metabolism, University of California Locations: Suzhou, China, San Francisco
The company may have maintained its full-year revenue outlook, but that was taken as good enough after last quarter's debacle. Management also provided a better-than-expected sales, earnings, and recurring revenue outlook. The Good Abbott Laboratories : Sales, earnings and organic growth all exceeded analyst estimates. Broadcom : Sales and earnings outpaced expectations , driven by strong sales of its AI products and VMware software. Alphabet : Delivered largely better-than expected earnings results that showed the search and cloud giant is finally on better footing in the fast-growing AI space.
Persons: we've, Lisa Su, , Eli Lilly, Zepbound, Stanley Black, Stanley, Morgan Stanley, Procter, Jim Cramer's, Jim Cramer, Jim, Steve Marcus Organizations: Costco, DuPont, Club, Management, Nvidia, Palo Alto Networks, Good Abbott Laboratories, Broadcom, VMware, Wealth Management, Investment Management, Microsoft, Constellation Brands, TJX, Amazon Web Services, Coterra Energy, GE Healthcare, Honeywell, Gamble, Jim Cramer's Charitable, CNBC, AMD Locations: China, Covid, Dover, Eaton, Palo, North America, GEHC, Wells Fargo, Las Vegas , Nevada, U.S
CNN —A problematic airline passenger has been hit with an unusual form of punishment – he has to pay back the airline for the cost of fuel. According to the Australian Federal Police, a then-32-year-old man from Western Australia was disruptive on a flight headed from Perth to Sydney. Now, the passenger has been ordered to pay $8,630 AUD ($5,806 USD) back to the airline to cover the cost of the wasted fuel. While charging a disruptive traveler for the cost of fuel is not a typical penalty, other kinds of fines are more common. The single highest individual penalty, $40,823, was issued to a traveler who brought their own alcohol on board, was intoxicated, attempted to smoke marijuana in the lavatory, and sexually assaulted a flight attendant – all in a single flight.
Persons: ” Shona Davis, , Organizations: CNN, Australian Federal Police, US Federal Aviation Administration, Department of Justice Locations: Western Australia, Perth, Sydney, United States
UK leads resurgence in European office investment
  + stars: | 2024-09-13 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +5 min
Sopa Images | Lightrocket | Getty ImagesLONDON — The U.K. is leading a recovery in Europe's long subdued office real estate market, with overall investment in the sector expected to pick up further in the second half of the year. Overall, European office investment transactions in the first half of the year fell 21% year-on-year to 14.1 billion euros, Savills data showed — a 60% decrease on the five-year H1 average. Europe's divided recoveryThe U.K. real estate market was the first in Europe to undergo a significant contraction following its peak in 2022. "London is leading the way a bit, partly because it repriced earlier and quicker and more significantly," Kim Politzer, head of research for European real estate at Fidelity International, told CNBC over the phone. Kim Politzer head of research for European real estate at Fidelity International
Persons: Mike Barnes, Savills, Kim Politzer, Marcus Meijer, Mark, CNBC's, James Burke, Tom Leahy, Leahy, Europe's, JLL Organizations: Getty, Britain, CNBC, Bank of, Fidelity International, European Central Bank, Nurphoto, U.S Locations: London, Europe, Paris, Stockholm, Berlin, Hamburg, La Défense, France, Ireland, Netherlands, Spain, Italy, Portugal, Southern Europe, Germany
The new model can work through complex tasks and, in comparison to previous models, solve more difficult problems in science, coding, and math. AdvertisementFor example, it beat GPT-4o — a multimodal model OpenAI unveiled in May — in the qualifying exam for the International Mathematics Olympiad by a long shot. Over the summer, while o1 was still in development, the company unveiled a new five-level classification system for tracking its progress toward that goal. But when Mollick asked o1 to solve a crossword puzzle, it thought about it for a "full 108 seconds" before responding. AdvertisementSince OpenAI unveiled GPT-4 last year, it's been releasing successive iterations in its quest to invent AGI.
Persons: , OpenAI, Ethan Mollick, Mollick, Gary Marcus, it's Organizations: Service, Business, o1, International, Company, University of Pennsylvania's Wharton School, New York University Locations: , AGI, GPT
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHarris won the presidential debate, says Wolfe Research's Tobin MarcusTobin Marcus, Wolfe Research head of U.S, policy and politics, joins 'Squawk Box' to discuss how Marcus would summarize Tuesday's presidential debate, the failures from the debate, and more.
Persons: Harris, Wolfe Research's Tobin Marcus Tobin Marcus, Wolfe, Marcus Organizations: Wolfe Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe crypto market has several positive risk catalysts in place for a year-end rally, says analystMarcus Thielen of 10x Research says he expects more short-term volatility for the crypto markets but a potential Trump presidency and the upcoming FTX creditor payouts would be supportive of prices towards the end of the year.
Persons: Marcus Thielen Organizations: Research, Trump
CNN —Hawaii’s most controversial nature spot has once again become a center of concern, with 14 people recently arrested for accessing the Haiku Stairs on the island of Oahu according to officials. Eight of the 14 were arrested on September 3, although it’s not clear if they were hiking together. The Haiku Stairs, sometimes called the “stairway to heaven,” were closed to the public in 1987. In 2021, the Honolulu City Council voted to remove the Haiku Stairs. A local group called Friends of the Haiku Stairs is pushing back against the stairs’ removal, arguing that the $2.5 million process is too expensive.
Persons: CNN —, it’s, ” Jason Redulla, , DOCARE, YouTubers Organizations: CNN, US Navy, Hawaii’s, of Conservation, Resources Enforcement, Honolulu City Locations: Oahu, Kaneohe, Honolulu, Hawaii
CNN —Vandalism has come to another US historic site, Pennsylvania’s Gettysburg National Military Park, where a pivotal battle of the Civil War was fought. “Our hearts sank when these two cases of vandalism were reported within days of each other,” Park Superintendent Kristina Heister said in a statement. “We were fearful that the graffiti carved into the rock may be there for future generations.”Luckily, park staff was able to clean and remove all traces of the vandalism. Heister thanked both the staffers who were able to remove the graffiti and park visitors who alerted them to the damage. More recently, rangers at the Grand Canyon – the second most visited national park in the US – issued a strong warning against leaving “love locks” hooked onto structures at the Arizona park.
Persons: Kristina Heister, , Maddie, Heister, Steve, Lacy, Joshua Organizations: CNN, Military, National Park Service, Gettysburg, NPS, Military Park, Joshua Tree National, California condors Locations: Gettysburg, , Canadian, Joshua Tree, Arizona
Former Trump administration officials argue that more foreign students are involved in the campus protests and accuse the Biden administration and universities of withholding such information. He contended that it would be unconstitutional for authorities to try to deport them based solely on their expressing support for Hamas at protests. About 40,000 Palestinians have died in Gaza since Hamas’ terrorist attack on Oct. 7, according to local health officials. Kena Betancur / AFP - Getty Images fileBiden’s approachBiden administration officials told NBC News that Trump’s threats don’t match the realities of the country’s overburdened immigration system. It argued that the Education Department is purposely protecting “pro-Hamas foreign extremists on American college campuses” and failing to provide records on foreign students, or pro-Hamas activities, at schools.
Persons: Donald Trump, Biden, Trump, Ben Wizner, ” Wizner, ” Reed Rubinstein, Stephen Miller, aren’t, , , Rubinstein, , you’re, Seth, ” Trump, Benjamin Netanyahu’s, Kena Betancur, Jon Feere, isn’t, Feere, Kenneth Marcus, George W, Bush, Marcus, Louis D, ” Marcus, Vanessa Harmoush, Nerdeen Kiswani, hasn’t, Kiswani, ” Kiswani, Stephanie Keith, Daniel Richman, Richman, Edward Ahmed Mitchell, that’s, ” Mitchell, it’s Organizations: GOP, Republican National Convention, Democratic National Convention, NBC News, Trump, Israel, Harvard, Emory, University of Pennsylvania, Hamas, American Civil, Technology, America, Justice, , Fountain, Washington , D.C, Seth Herald, Republicans, Congress, NBC, D.C, Israeli, Brooklyn Museum, Times, U.S, Popular Front, Liberation, Palestine, Columbia University, Getty, Biden, United States, State Department, Immigration, Customs Services, ICE, Center of Immigration Studies, Education Department, Justice Department, Department’s, Civil Rights, Brandeis Center for Human, Department of Education, IDF, Israel Defense Forces, Columbia Law, Islamic, CAIR wouldn’t, CAIR, don’t Locations: Israel, U.S, Chicago, Gaza, Columbia, Columbus, Washington ,, New Jersey, Palestinian, Washington, New York City, Brooklyn, Vandals, New York, Germany, AFP, United States, Palestine
Last week, three online banks cut their 1-year CD rates, according to BTIG. Meanwhile, Synchrony slashed its online savings rate by 10 basis points to 4.65%. "We believe online banks are intentionally trying to shift customers toward savings rates, which are floating, over term rates," he said. The annualized seven-day yield on the Crane 100 list of the 100 largest taxable money funds is 5.11%, as of Monday. With both high-yield savings and money market funds, the rates can fluctuate.
Persons: Marcus, Goldman Sachs, Sallie Mae, Synchrony, Jerome Powell, Vincent Caintic, Christine Benz, Benz, Winnie Sun, Cathy Curtis, Curtis Organizations: Federal, Morningstar, Federal Deposit Insurance Corp, Sun, Wealth Partners, CNBC, Money, Curtis Financial, Treasury Locations: Capital
SAINT-DENIS, France — No issues with this men’s relay team. One night earlier, the 4×100 relay team — featuring some of the fastest men in the world — squandered their chance at gold. Rai Benjamin holds off Letsile Tebogo to anchor Team USA to gold in the 4x400m relay! Their names aren’t on the marquee of USA Track and Field. And Benjamin — as he did in Tokyo, and in the 2023 World Championships, and in the 2019 World Championships — brought home the gold for the third consecutive Games.
Persons: DENIS, Christopher Bailey, Vernon Norwood, Bryce Deadmon, Rai Benjamin, Benjamin, , Britain, Carl Lewis, hasn’t, ames, aris G ames, hird Organizations: aris Locations: France, Friday’s, Botswana
The U.S. women’s 4×400 relay team, the final track event at an epic Olympics, blazed to the gold medal with a time of 3:15.27. Shamier Little, Sydney McLaughlin-Levrone, Gabby Thomas and Alexis Holmes put together a dominant performance illustrative of American track and field’s dominance in the 33rd Olympiad. It doubled the gold medal count from the Tokyo Games when it took home 26 total medals. Thomas won her third gold medal of these games: one in the 200-meter hurdles, and two as the third leg in both relays. McLaughlin-Levrone secured her second gold medal, joining Thomas and Rai Benjamin as the Americans in track and field with multiple golds.
Persons: DENIS, France, Shamier, Sydney McLaughlin, Levrone, Gabby Thomas, Alexis Holmes, McLaughlin, , Bol, mpics &, Mc Organizations: Paris Games, Team USA Locations: United States, U.S, Netherlands
Sophia Smith scored in extra time against Germany in the semifinals to advance to the gold medal match. A win would clinch their fifth Olympic gold medal. Bercy Arena in Paris will be loud as the home crowd looks to push France to its first gold medal. The men’s 800m, women’s javelin, women’s 100m hurdles, men’s 5000m and women’s 1500m are the other events to cap off the Paris athletics competition. #ParisOlympics 📺 NBC & Peacock pic.twitter.com/ZM6qaYCQOw — NBC Olympics & Paralympics (@NBCOlympics) August 9, 2024Sha’Carri Richardson has her gold medal.
Persons: USWNT, Trinity Rodman, Emma Hayes, Sophia Smith, Hayes ’, Rodman, Smith, Mallory Swanson —, Mallory Swanson, Sophia Smith & Trinity Rodman, @teamusa @USWNT, It’s, Marta, Stephen Curry, LeBron James, Steph Curry, Guerschon Yabusele, Isaia Cordinier, Victor Wembanyama, Joel Embiid, Les, Embiid, Gianmarco, Patrick Smith, Sydney McLaughlin, she’s, Quincy Wilson, Quincy Hall, Mutaz Barshim, Victor Montalvo, Victor, , Houston’s Jeffrey Louis, , Jeffro, Louis, Lydia Ko, Pierre, Philippe Marcou, United States ’ Rose Zhang, Miyu Yamashita, Metraux, Nelly Korda, Zhang, SHA’CARRI RICHARDSON Organizations: Paris Olympics, Stade de France, NBC, Telemundo, women’s, Trinity, Japan, Germany, Brazil, Sophia Smith &, France, Bercy, U.S, NBA, Quincy, Olympic, Paris, Florida, Getty, Le, United, Team Locations: U.S, Paris, Brazil, United States, France, Serbia, Qatar, Italy, Tokyo, American, AFP
OpenAI CEO Sam Altman has argued that AI models should eventually produce synthetic data good enough to train themselves effectively. As the well of usable human-generated data dries up, more companies look into using synthetic data. Rather than being pulled from the real world, synthetic data is generated by AI systems that have been trained on real-world data. Synthetic data may help offer some effective "countertuning" to the biases produced by real-world data, too. 'Habsburg AI'While the AI industry found some advantages in synthetic data, it faces serious issues it can't afford to ignore, such as fears synthetic data can wreck AI models.
Persons: , that's, Sam Altman, Gary Marcus, It's, Nathan Lambert, Gretel, SynthLabs, Meta, Timnit Gebru, Margaret Mitchell, LLMs, Sadowski, Alexandr Wang, AlphaGeometry, Marcus Organizations: Service, Google, Business, Oxford, Gartner, New York University, Allen Institute, AI, Nvidia, Meta's, Anadolu, Getty, Rush, Microsoft, Monash University Locations: Cambridge, Habsburg
These freebies are in addition to the Philippine House of Representatives' cash incentive of 3 million Philippine pesos granted to all gold medalists. In the US, gold medalists take home $37,500. Hong Kong — which offers the highest bonus — awards 6 million Hong Kong dollars, or about $768,000, to its gold medalists, per CNBC. AdvertisementCorrection: August 7, 2024 — An earlier version of this story misdescribed Hong Kong. It's 6 million Hong Kong dollars, not 600,000 Hong Kong dollars.
Persons: , Carlos Yulo, freebies, Yulo, Megaworld, Virgil Lo, Bucket, Marcus Luer, Luer, James Crane, Buchwald, Joseph Schooling, Nestlé's Milo, Yakult, Hugo Boss, it's Organizations: Service, Olympics, Paris, McKinley, Business, Apollo Home Depot, Philippine, Hong, CNBC, Total Sports Asia, Olympic Games Locations: Megaworld, Taguig, Manila, Hong Kong, Singapore, Philippines, China
There are six days of Olympic competition left and only four women’s soccer teams remain vying for gold. It’s also win or go home for the U.S. men’s basketball team, which went undefeated in pool play to emerge as the No. Trinity Rodman celebrates with Emily Fox after scoring the winning goal against Japan during the women’s quarterfinals of the Paris Games. Durant needs just four more points to become USA Basketball’s all-time leading scorer at the Olympics for both the men’s and women’s programs. The men’s long jump final, men’s 1,500-meter final, women’s 3,000-meter steeplechase and women’s 200-meter final close out a five-medal day in athletics.
Persons: It’s, Trinity Rodman, Emily Fox, Brad Smith, Rodman, Mallory Swanson, Sophia Smith —, Kevin Durant, Anthony Edwards, LeBron James, Durant, Lisa Leslie, Jayson Tatum, Steve Kerr, Holiday, Long, DeAnna Price, Annette Echikunwoke, Echikunwoke, Price, Poland’s Anita Wlodarczyk, Saint Lucia’s Julien Alfred —, Gabby Thomas, Wally Skalij, Sara Hughes, Kelly Cheng, Tanja Hüberli, Nina Brunner, Hughes, Cheng, Italy’s Valentina Gottardi, Marta Menegatti, Alexandra Klineman, Ross, Kerri Walsh Jennings, Jennings, Misty, Treanor, elly C heng!, E, mpics & Organizations: U.S, Japan, Paris Games, Getty, USA Network, Telemundo, United, Canada, Tokyo, Lyon, Germany, Trinity, USA, Bercy Arena, Team USA, NBA, Puerto Rico, Olympics, thwarts, Brazil, NBC, Stade de France, Olympic, Rio Games, Don’t, Eiffel, Los Angeles Times, Swiss, ris Locations: United States, Germany, Paris, U.S . Japan, Japan, Lille, Serbia, South Sudan, Puerto Rico, Brazil, France, USA, thwarts Puerto Rico, U.S, Tokyo, Canada, Rio
The Paris Olympics are entering their final week already, with the closing ceremonies just six days away. ET, 4:55 p.m. in Paris (women’s final); 11 a.m. ET, 10 p.m. in Paris (women’s final), 4:30 p.m. AdvertisementSurfing gold up for grabsAmerican Caroline Marks is one of four surfers looking to earn the women’s gold medal. 100M GOLD MEDALIST.
Persons: — Simone Biles, , Biles, Lee, Chiles, Simone Biles, Sunisa Lee, Jordan Chiles, Jade Carey, , , V:, ault, abby, homas,, aris, arn, risa H ennessy, ake Organizations: Paris, USA, Olympics, aris, edina, ust Locations: Paris, Los Angeles
Gary Marcus, founder of Geometric Intelligence, testified before the Senate with Sam Altman in 2023. Once hopeful of Altman, Marcus now says that the OpenAI CEO can't be trusted. The AI expert also wrote in The Guardian that we're on the wrong path to AI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But a leading AI expert says the CEO's actions contradict his public pronouncements, and the current path to AI is headed in the wrong direction.
Persons: Gary Marcus, Sam Altman, Altman, Marcus, Organizations: Geometric Intelligence, Guardian, Service, Intelligence, Business Locations: OpenAI
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