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Shortly after Boeing’s chief executive, Dave Calhoun, took his seat, families who lost relatives in the 2018 and 2019 crashes of the company’s 737 Max 8 planes called out to him, demanding that he turn around and acknowledge them and the photos of their loved ones. Among those behind Mr. Calhoun were the parents and brother of Samya Rose Stumo, the 24-year-old who was killed in the 2019 Ethiopian Airlines accident and the grandniece of Ralph Nader, the consumer advocate and former presidential candidate. Nearby sat the family of John Barnett, the former Boeing engineer and whistle-blower who died by suicide earlier this year in the midst of a Justice Department criminal investigation into the company. Others held photos of their loved ones lost in the crashes. “I would like to apologize, on behalf of all of our Boeing associates spread throughout the world, past and present, for your losses,” Mr. Calhoun said while facing the families.

Persons: Dave Calhoun, Calhoun, Samya Rose Stumo, Ralph Nader, John Barnett, ” Mr, Calhoun’s Organizations: Boeing, Justice Department, Alaska Airlines Locations: Portland , Ore

☆ A lawyer dreamed of disrupting the legal industry with private equity. It turned into a nightmare.
▼ + stars: | 2024-06-18 | by ( Jack Newsham | ) www.businessinsider.com time to read: +10 min

And he'd just launched a venture with the Miami investment firm 777 Partners that he hoped would revolutionize the legal business. Arizona had recently begun permitting nonlawyers to invest in law firms, which is banned in nearly every other state. AdvertisementAllowing private-equity riches to pour into law firms looked like it could be a game changer. AdvertisementGerman said 777 didn't supply money on the terms or timeline it promised and planned. Funding and marketing firms were cutting deals with law firms in nonpublic arrangements for years before Arizona changed its rules, she added.

Persons: Steve German, nonlawyers, he'd, BerlinRosen, Uber, Andy Kvesic, Arizona's, Josh Wander, Semafor, Steven Pasko, Lynda Shely, Shely, Ed Gehres, Damien Alfalla Organizations: Service, Partners, Scout Law, Scout, Regulators, DOJ, Globo Locations: Phoenix, Miami, Arizona, State

☆ Andy Sieg Could Be Citi's Next CEO If He Can Fix a Broken Wealth Business
▼ + stars: | 2024-06-17 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +23 min

Andy Sieg shocked the finance industry last spring when he left Merrill Wealth Management. AdvertisementBank of America analyst Ebrahim Poonawala recently argued that Citi should consider selling the wealth business if it cannot improve its profitability. AdvertisementWhile Sieg has told Citi managing directors to manage up less, a former Merrill executive who worked under him said Sieg was adept at it. Former Citi managing directorAdvertisementVahid's position will be taken by Kris Bitterly, the global head of investment products, in September. Mirroring tactics that supercharged Merrill, Sieg has changed Citi Wealth's compensation scheme to prioritize asset gathering, to the consternation of several employees.

Persons: Andy Sieg, Kevin Crain, Sieg, Crain, Jane Fraser, Fraser, Morgan Stanley, Merrill, Smith Barney, Ebrahim Poonawala, Wells, Mike Mayo, Brian Moynihan, Alex Wong, Moynihan, Fraser isn't, Mayo, anoint, Jamie Dimon, Jennifer Piepszak, Marianne Lake, Viswas Raghavan, Jane, He'd, George H, Bush, Bill Schreyer, Merrill Lynch, Dave Komansky, David Komansky, YOSHIKAZU TSUNO, Phil, Doug, Lord Abbett, David Poole, Citi's, there's, That's, Poole, Glenn Schorr, Jim O'Donnell, O'Donnell, Sieg's, Andy Sieg's, Naz Vahid, David Bailin, Bailin, Naz, Phil Waxelbaum, Vahid, Kris, Don Plaus, Keith Glenfield, Dawn Nordberg, Edward Jones, They're, Ernst & Young, he's Organizations: Merrill Wealth Management, Business, Citi, Bank of America, Morgan, BI, Merrill, Bank, Citigroup, JPMorgan, Harvard, Penn State, JPMorgan Advisors, United Arab, Citi . Citi, Work, Citi lifer, Former Citi, North, Citi Alliance, Citi Wealth, Bloomberg, Ernst &, Citizens Bank Locations: Sieg, Wells Fargo, Merrill, Bellefonte , Pennsylvania, Poole, Singapore, United Arab Emirates, Mexico, London, Aventura , Florida, Asia, Manhattan, North America

☆ Insider Today: Meta's manager squeeze
▼ + stars: | 2024-06-16 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Apple announced Apple Intelligence at WWDC 2024. CEO Tim Cook unveiled Apple Intelligence, a generative AI system partly powered by ChatGPT (for now). Assuming Apple Intelligence works as intended, there will be even more reason to switch to or stay with Apple. Add it all together, and, as Linette Lopez writes, Apple may be the one Big Tech company getting AI right.

Persons: —, there's, Jimmy Donaldson, Justin Sullivan, Apple, Tim Cook, Katie Notopoulos, OpenAI, Linette Lopez, Alyssa Powell, Fitch, it's, Abercrombie, Mark Zuckerberg, Michel Shvo Patrick McMullan, Chelsea Jia Feng, Michael Shvo, Shvo, he's, Grace J, Kim, Gen Zers, There's, isn't, Z Organizations: Service, Business, Apple, Apple Intelligence, Google, Microsoft, Big Tech, Getty, Abercrombie, Fitch, GameStop Locations: cologne, New York City

The bank also raised its price target to $160 from $115, suggesting 18% upside from Wednesday's close. — Michelle Fox 7:59 a.m.: KeyBanc raises Netflix price target Netflix's growth isn't going to slow down any time soon, according to KeyBanc Capital Markets. — Pia Singh 7:23 a.m.: Bank America raises price target on Boeing Bank of America is weighing the challenges and opportunities Boeing has to make a turnaround. She kept her $38 price target, which implies shares could drop just slightly from its latest close. — Pia Singh 5:45 a.m.: Jefferies names Microsoft a top pick Microsoft is "going for AI gold," according to Jefferies.

Persons: Jefferies, Christine Cho, — Jesse Pound, Clark, Anna Lizzul, Kimberly, — Michelle Fox, Justin Patterson, Patterson, — Pia Singh, Ronald Epstein, Epstein, Oppenheimer, Ulta, Rupesh Parikh, Parikh, Morgan Stanley downgrades Corning, Corning, Morgan Stanley, Meta Marshall, Marshall, Tom O'Malley, O'Malley, AVGO, JPMorgan's Harlan Sur, Timothy Arcuri, Brent Thill, Fred Imbert Organizations: CNBC, Microsoft, Barclays downgrades NextEra Energy Partners, NextEra Energy Partners, Barclays, Bank of America, Clark Bank of America, KeyBanc, Markets, Netflix, Bank America, Boeing Bank of America, Boeing, Broadcom, VMware, Google, UBS, Jefferies Locations: Kimberly, F2H25

☆ Jerry West, NBA legend, dies at age 86
▼ + stars: | 2024-06-12 | by ( David K. Li | ) www.cnbc.com time to read: +4 min

"On behalf of the NBA, we send our deepest condolences to Jerry's wife, Karen, his family and his many friends in the NBA community." "Jerry West, the personification of basketball excellence and a friend to all who knew him, passed away peacefully this morning at the age of 86," according to a statement by the Clippers. NBA legend Jerry West, whose prolific playing career landed him on the league's logo and basketball savvy led to multiple championships, has died, the Los Angeles Clippers said in a statement Wednesday. Jerry West drives up the middle and scores in 1st period of Laker 127-120 win over Bullets. NBA Legend Jerry West poses for the media with the Larry O'Brien Trophy which is being delivered by Southwest Airlines' Slam Dunk One to the Finals city the day prior to Game 3 of the NBA Finals on June 9, 2008 at Los Angeles International Airport in Los Angeles, California.

Persons: Jerry West, Jerry, Silver, Jerry's, Karen, Larry O'Brien, Alan Siegel, Dick Schaap, Siegel, West, I've, Rich Eisen Organizations: LA Clippers, Clippers, Memphis Grizzlies, League, Thomas & Mack Center, NBA, Los Angeles Clippers, Laker, Bullets, West, Lakers, Naismith, Basketball Hall of Fame, University of West, Los Angeles Lakers, Southwest Airlines, Los Angeles International Airport, Showtime, NBA.com Locations: Las Vegas , Nevada, University of West Virginia, Los Angeles , California, West Virginia

☆ Stocks making the biggest moves premarket: Hewlett Packard Enterprise, Instacart, CrowdStrike and more
▼ + stars: | 2024-06-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Hewlett Packard Enterprise — The technology stock climbed 15% after Hewlett Packard reported stronger-than-expected results for its fiscal second quarter. Dollar Tree — The discount retailer slipped 2% after reporting first-quarter results that were in line with analysts' expectations, according to LSEG. PVH — Shares slipped more than 1% after the luxury clothing brand owner announced that Martijn Hagman, CEO of Tommy Hilfiger Global and PVH Europe, would be leaving the company. PVH also reported a first-quarter earnings and revenue beat and raised its full-year earnings guidance. Instacart — Shares of the e-commerce company rose nearly 2% after an upgrade to buy from hold at research firm Gordon Haskett.

Persons: CrowdStrike, LSEG, Hewlett Packard, Rick Dreiling, PVH, Martijn Hagman, Tommy Hilfiger, Nio, Roaring Kitty, Tom O'Malley, Gordon Haskett, Hanesbrands, —, Jesse Pound Organizations: Hewlett Packard Enterprise, PVH, Reuters, AMC Entertainment, GameStop, Materials, KLA, Barclays, Taiwan Semiconductor Manufacturing, Authentic Brands Locations: PVH Europe, China

What Ukraine Has Lost A drone photograph shows numerous severely damaged buildings with labels highlighting residential buildings, a football field and a high school. This is the first comprehensive picture of where the Ukraine war has been fought and the totality of the destruction. More buildings have been destroyed in Ukraine than if every building in Manhattan were to be leveled four times over. In mid-May, the Russians bombed some towns in northeastern Ukraine so ferociously that one resident said they were erasing streets. “No matter how unpatriotic it may sound, there’s not much future for her in Ukraine,” Ms. Hrushkovska said.

Persons: it’s, Corey Scher, Den, Finbarr, Jamon, Diego Ibarra Sánchez, Marinka, ”, Iryna Hrushkovksa, “, Hrushkovska’s, Hanna Horban, ” Ms, Hrushkovska, ” Marinka, Celestino Arce, Tyler Hicks, Laura Boushnak, Finbarr O’Reilly, Horban, Horban’s, Vova, Svitlana Moskalevska, Olha Herus, “ Fish, Jan, Serhii Nuzhnenko, Gleb Garanich, Leonid Ragozin, Varvara, Herus’s, Tetiana, Ms, Herus, Reni, Izmail, Vavara, Varvara Hrushkovska, Hanna Kovalenko, “ It's, ” Artem Hoch, Danylo Organizations: New York Times, City University of New York Graduate Center, Den Hoek of Oregon State University, The New York Times, Copernicus Sentinel, Maxar Technologies, Google, Russia’s Defense Ministry, Ukraine ., Museum of Local, People’s Museum, Getty, Ukrainian Army, Reuters, SHEVCHENKA, SHCHORSA, New York, Kyiv Kharkiv, Ukrainian, Chernihiv Kyiv Kharkiv UKRAINE Dnipro, Kherson Mariupol, Kyiv Kharkiv UKRAINE Mariupol, Microsoft Bing, Institute for, American, The New York Locations: Ukraine, Russia, Marinka, Kyiv, Mariupol, Rubizhne, Kherson, Kharkiv, Manhattan, Dresden, London, Gaza, Den Hoek of, Geneva, Donetsk, Izium, Den Hoek, Crimea, Russian, Donetsk City, Vilkhivka, Huliaipole, “, Ukrainian, Berlin, Pavlograd, Soviet Union, NurPhoto, Kolos, Marinka — Donetsk, Donetsk People’s Republic, іі, Marinka’s, Irpin, Ukraine’s, Bakhmut, Ukrainians, Zaporizhzhia, Orikhiv, Dnipro, Nova, Oleshky, Donbas, Chernihiv Kyiv Kharkiv UKRAINE, CRIMEA, Kyiv Kharkiv UKRAINE

☆ Opinion | Hunter Biden Should Take a Plea Deal. Quickly.
▼ + stars: | 2024-06-02 | by ( Sarah Isgur | ) www.nytimes.com time to read: +1 min

Hunter Biden faces up to 25 years in prison if convicted on three felony gun charges in a trial that is set to begin in Wilmington, Del., on Monday. In the meantime, his father is behind in many polls, his financial benefactor is reportedly “tapped out” and his best legal arguments require gutting federal gun control laws. An early plea agreement — in which he agreed to plead guilty to two misdemeanor tax charges and enter into a deferred prosecution agreement on the gun charges — fell apart last summer. But a criminal defendant can accept a plea deal from the prosecution anytime before the jury returns its verdict, which means that he might still have a chance to avoid a full trial. In practice, this means that once the Department of Justice has indicted you, they believe they will win.

Persons: Hunter Biden, “, ”, — Organizations: Department of Justice, Justice Locations: Wilmington, Del

☆ A massive leak of Google Search documents sparks fury across the SEO industry: 'This is another level of war'
▼ + stars: | 2024-05-31 | by ( Hugh Langley | Lara O'Reilly | ) www.businessinsider.com time to read: +10 min

AdvertisementThe already-frenetic SEO community went into overdrive, with social-media sites and industry forums buzzing over the trove. "This is another level of war between SEOs and Googlers," said Lily Ray, a vice president at the SEO agency Amsive. Those crawlers are designed to ensure Google's search results return the most relevant and up-to-date information to the user. Some business owners have reported catastrophic website-traffic drops following two recent major Google Search algorithm updates in the span of months, while sites such as Reddit and Quora have flooded the top of search results pages. Google's response was met with an equally dubious one from the search community.

Persons: —, Lily Ray, , Erfan Azimi, Azim, we've, Azimi, We've, Gareth Hoyle, SEOs, Prabhakar Raghavan, Grace Frohlich, Michael King, King, Solís, Amsive's Ray, Sundar Pichai, JOSH EDELSON, Rand Fishkin, SparkToro, Eric Hoover, Hoover Organizations: Service, Google, Business, EA Eagle Digital, Marketing Signals, Google's Department, Justice, Chrome, coy, iPullRank, YouTube Locations: SEOs

☆ Why replacing alcohol with weed is a growing trend in the US
▼ + stars: | 2024-05-30 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +11 min

The use of weed to replace alcohol is a growing trend in the United States. “We know that moderate alcohol consumption has health risks, and risk increases as alcohol consumption increases,” Boyd said in an email. “Cannabis smoke contains toxins, carcinogens, and particulate matter that have been linked to cancer, lung damage, and cardiovascular disease,” Cohen said in an email. Research on edibles, such as baked goods, candies and beverages, and other methods of using cannabis is in its infancy. “In and of itself, it’s not good that more people are using cannabis,” Grinspoon said.

Persons: CNN —, “, —, ”, “ I’ve, Carol Boyd, ” Boyd, Weed, Peter Grinspoon, ” “, ” Grinspoon, Beth Cohen, ” Cohen, I’m, Boyd, ” Robert Page II, Grinspoon, ideation, it’s Organizations: CNN, National Survey, Center, Drugs, University of Michigan, US Centers for Disease Control, Massachusetts General Hospital, Marijuana, University of California, University of Colorado Skaggs School of Pharmacy, Pharmaceutical Sciences, Drug, Food and Drug Administration, National Poison Center, FDA, Lifeline Locations: United States, Washington, Ann Arbor, Boston, San Francisco, Aurora, Georgia

☆ Why the Negro League stats belong in the MLB record books
▼ + stars: | 2024-05-30 | by ( Harry Enten | ) edition.cnn.com time to read: +12 min

Fortunately, we got to see other NLB players join an integrated MLB a short time into their careers. Bettmann Archive/Getty ImagesFormer NLB players who joined the integrated MLB got on base more frequently (.361) than the average (.324). Hulton Archive/Getty Images Robinson was a formidable athlete in college, lettering in four sports at UCLA. Bettmann Archive/Getty Images Robinson poses in the dugout with Dodgers teammates as he makes his historic debut on April 15, 1947. Rogers Photo Archive/Getty Images Robinson leaps into the air to try to turn a double play in 1952.

Persons: “, Major League Baseball’s, Neil Paine, –, Todd Peterson, White, Satchel Paige, Dizzy Dean, Mark Rucker, of Famer Dizzy Dean, ”, Dean, Paige, Willie Mays, Mays, Henry “ Hank ” Aaron, Aaron didn’t, Wes Westrum's, It’s, Don Newcombe, Jackie Robinson, Robinson, Rachel Isum, Johnny, Jorgensen, Harold, Pee Wee, Reese, Eddie Stanky, Rickey, Rogers, Richard Nixon, Paul Schutzer, Edd Roush, Bob Feller, Bill McKechnie, Cliff Welch, Ed Sullivan, Rachel, — Jackie Jr, David, Sharon —, Robert Riger, Jackie Robinson's, Larry Doby –, Hall, Hall of Famer –, Josh Gibson, Gibson’s, Gibson, Ty Cobb, Babe Ruth, Ruth, We’ll, Larry Doby, Stanley Weston, Doby, Cobb, Grover Cleveland Alexander, Walter Johnson, they’ll Organizations: CNN, Negro League Baseball, Major League, MLB, Negro League, Wrigley Field, White MLB, of Famer, White, Birmingham Black Barons, Indianapolis, National Leagues, New York Giants, Philadelphia Phillies, Polo, Bettmann, Getty, National League, Brooklyn Dodgers, Hulton, UCLA, US Army, Kansas City Monarchs, Negro Leagues, Sporting, Montreal Royals, Dodgers, New York Yankees, GOP, Republican, Hall of Fame, CBS, Freedom, American League, Hall of Famer, Baseball, Cleveland Indians, NL, AL Locations: Chicago, , New York, Cairo , Georgia, Pasadena , California, Los Angeles, New York, Stamford , Connecticut, Williamston , North Carolina, Bettmann, Anaheim , California

☆ Black passengers sue American Airlines, alleging they were thrown off a plane because of false body odor complaint
▼ + stars: | 2024-05-29 | by ( Marnie Hunter | ) edition.cnn.com time to read: +3 min

CNN —A lawsuit filed Wednesday on behalf of three Black men alleges “blatant and egregious race discrimination” by American Airlines when they were removed from a flight. An American Airlines representative approached each of the men before takeoff, the complaint said, ordering them off the plane. “(O)nce they reached the jet bridge, they saw that several other Black men were also being removed from the plane. In fact, it appeared to Plaintiffs that American had ordered all of the Black male passengers on Flight 832 off the plane,” the complaint reads. American representatives told the men a complaint about body odor had prompted their removal, according to the suit.

Persons: Alvin Jackson, Emmanuel Jean Joseph, Xavier Veal –, “, ”, Y’all, “ Plaintiffs Organizations: CNN, American Airlines, American, Cell, Airlines, NAACP Locations: Phoenix, JFK, New York City

☆ Judgment day looms for Donald Trump in New York
▼ + stars: | 2024-05-29 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —Donald Trump, who built a mystique as the brash epitome of power, has never been more powerless to dictate his own fate. In order to convict Trump, jurors must first decide that he falsified financial documents and did so with the express purpose of committing another crime. That was evidenced, today by the Biden campaign themselves holding a rally here,” Don Trump Jr. said. “You cannot convict President Trump,” Blanche said, before repeating himself for emphasis while impressing on the jury the gravity of the historic deliberation that lies before them. “You may say, who cares if Mr. Trump slept with a porn star 10 years before the 2016 election?

Persons: Donald Trump, Judge Juan Merchan, “, Joshua Steinglass, Stormy Daniels, Trump, Daniels, Todd Blanche, Michael Cohen, ”, Blanche, there’s, Joe Biden, Robert De Niro, Biden, —, Don Jr, Eric, ” Don Trump Jr, it’s, Pop Michael Jackson, That’s, Trump’s, Michael Cohen Trump, histrionics, ” Blanche, Cohen, Steinglass Organizations: CNN, Prosecutors, Trump, Hollywood, Capitol, Biden, GOP Locations: New York City, York, New York

☆ It's not just you, the AI dump feels never-ending right now
▼ + stars: | 2024-05-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewIf you feel like you can't keep up with the deluge of AI announcements, you're not alone. In the last two weeks, developers and consumers have been bombarded with a steady stream of AI updates and product launches, showing just how heated the AI race has become. Gartner's Chandrasekaran gave two reasons for why the flurry of AI announcements is happening now. AdvertisementThat means that there's going to be a lot of so-called AI washing and AI marketing as companies fight for a chance to get noticed, Chandrasekaran added. "And they could be calling it AI or they may be using more classic machine learning and calling it like Gen AI."

Persons: —, Eric Schmidt, OpenAI, Arun Chandrasekaran, Sundar Pichai, Gartner's Chandrasekaran, Chandrasekaran, It's, There's, it's, there's Organizations: Service, Business, Google, Gemini, Project Astra, Microsoft, Apple, Gartner, Bloomberg Locations: Paris

☆ Analysts boost Nvidia price targets on strong demand outlook, say 'narrative is clearly nowhere near its end'
▼ + stars: | 2024-05-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street analysts are turning more bullish on Nvidia yet again following another strong guide from the chipmaking behemoth. "The narrative is clearly nowhere near its end, or likely nowhere near its peak," he wrote, adding that shares appear inexpensive. He expects Nvidia's Blackwell chips to be sold out through 2025. "While it's large enough market that competitors can succeed or even gain share, NVIDIA remains the standard bearer for multifaceted AI," he wrote. Nvidia's results lifted the broader chip sector, with the VanEck Semiconductor ETF (SMH) trading 3% higher in the premarket.

Persons: Tom O'Malley, Bernstein's Stacy Rasgon, Blackwell, Blayne Curtis, Citi's Atif Malik, JPMorgan's Harlan Sur, Goldman Sachs, Toshiya Hari, Sur, Morgan Stanley's Joseph Moore, Nvidia's Blackwell Organizations: Nvidia, Blackwell, Wall, Barclays, Jefferies, NVIDIA, VanEck Semiconductor, Micron Technology, AMD Locations: CY25

☆ 'Make my day pal': Biden challenges Trump to two debates under special conditions, Republican accepts
▼ + stars: | 2024-05-15 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

President Donald Trump and Democratic presidential candidate Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22. President Joe Biden on Wednesday challenged former Donald Trump to two head-to-head debates before the November election, with several special conditions. Both proposed showdowns would be held without the involvement of the non-partisan commission that typically organizes presidential debates. "Just tell me when, I'll be there," wrote Trump. " During the 2020 debates, Biden and Trump regularly broke out into shouting matches as they each tried to get a word in edgewise.

Persons: Donald Trump, Joe Biden, Biden, Trump, Donald, Jen O'Malley Dillon, O'Malley Dillon, Trump's, Robert Kennedy Jr, doesn't Organizations: Democratic, Belmont University, Wednesday, Republican, CNN, Republican National Convention, Democratic National Convention, White, New York Times, American People Locations: Nashville , Tennessee, Democratic, York, Pennsylvania, Michigan, Wisconsin, United States

☆ Top bond fund manager Ford O'Neil of Fidelity reveals his 'secret sauce' to generate outperformance
▼ + stars: | 2024-05-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

He previously took home the title of Morningstar fixed-income manager of the year in 2016. Generating long-term outperformance The largest among the many funds O'Neil co-manages is the Fidelity Total Bond Fund (FTBFX), which has $35.8 billion in assets and a 5.32% 30-day SEC yield. From December 2004 through the end of March 2024, Fidelity Total Bond Fund's 3.7% annualized gain topped the typical intermediate core-plus bond Morningstar Category fund's 3.3% and the 3.1% of its benchmark, the Bloomberg U.S. The 'secret sauce' The fixed-income team also benefits from teaming up with equity analysts when they talk to corporate executives, public agencies and government issuers. "If you're a buyer of nominal yields, you're finding the market very attractive.

Persons: Fidelity's Ford O'Neil, O'Neil, O'Neil —, Morningstar, Ford …, Dan Culloton, Morningstar's Culloton, FTBFX, it's Organizations: Fidelity, Harvard University, One, CNBC, Harvard, Bond Fund, SEC, Bloomberg U.S, Total Bond, Bond, Federal Reserve, Fed, Treasury Locations: Wharton, U.S

☆ OpenAI may have finally cracked the code on voice interactions with AI
▼ + stars: | 2024-05-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, everyone's talking — literally — about the big update for OpenAI's ChatGPT that could make your job a lot easier . AdvertisementOpenAI may have finally cracked the code on voice interactions with AI, though. OpenAI says GPT-4o's average response to audio inputs is 320 milliseconds, which is on par with a typical human-to-human conversation. "They've essentially made text input almost be the barbaric form of communicating with ChatGPT (or any AI) now," the developer said. ChatGPT, Tyler Le/BIOpenAI's big reveal shows the shockwaves the startup keeps sending through the tech world.

Persons: —, Here's, ChatGPT Holger Scheibe, Tyler Le, OpenAI, Alex Bitter, They've, ChatGPT, Katie Notopoulos, Siri, it's, Apple that's, Andrew Burton, Justin Sullivan, Rebecca Zisser, Tim Cook's, Tesla, Mark Zuckerberg, he's, Nathan Congleton, Melinda, Gates, French Gates, she'd, Melinda Gates, Bill Gates, Doug McMillon, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Teen, Business, HAL, Hollywood, Apple, Apple's Worldwide, Conference, GPT, Google, Microsoft, Washington, Getty, Tesla, Melinda Gates Foundation, University of Arkansas, Depot, Sony, Disney, Cannes Locations: NBCU, New York, London

☆ Live Updates: Michael Cohen, Trump’s Ex-Fixer and His Nemesis, to Testify at His Trial
▼ + stars: | 2024-05-13 | by ( Jonah E. Bromwich | Ben Protess | ) www.nytimes.com time to read: +18 min

This week, however, Mr. Cohen is poised to unfix Mr. Trump’s life. And, on occasion, Mr. Cohen has said, Mr. Trump put Mr. Cohen on the phone with his wife, Melania, to reassure her that he hadn’t been unfaithful. Mr. Cohen was no longer a Trump Organization employee, and Mr. Trump had excluded him from a job in Washington. When one of Mr. Trump’s friends asked Mr. Trump why he kept Mr. Cohen so close, Mr. Trump replied, “He has his purpose.”Image In 2016, Mr. Cohen campaigned for Mr. Trump, but he did not get a job in the administration. At that meeting, Mr. Cohen has said, he and Mr. Trump confirmed their plan to falsify the records.

Persons: Michael D, Cohen, Donald J, Trump, litigators, Cohen’s, Trump’s, Stormy Daniels, Mr, lackey, ”, Jim Cole, —, Donny Deutsch, ” Mr, Deutsch, “ Donald, Trump’s “, “, ” ‘, T.J . Kirkpatrick, ” Jeffrey McConney, dryly, Roy M, Cohn, Joseph McCarthy, Rosie O’Donnell, John Taggart, Barron, Donald Trump Jr, hadn’t, Black, Karen McDougal, Daniels, Jonathan Ernst, Cohen puttered, Lanny J, Davis, doesn’t revel, Omarosa Manigault Newman, Michael, Jim Lo Scalzo, You’re, ’, Alina Habba, perjured, isn’t, Habba, Ms, “ You’re, Hope Hicks, scoffed, “ Michael Cohen Organizations: York, Prosecutors, Mr, Trump, Associated, The New York Times, Trump Organization, CNBC, Communist, National Enquirer, Playboy, Credit, Nike, “ Fox & Friends, Democratic, Federal Bureau of Prisons, White, New Locations: Manhattan, New York, Long, Trump’s New York, Trump, Miami, Moscow, Iowa, Washington, Otisville

☆ Stock spinoffs are one of the hottest trades going this year. How to participate
▼ + stars: | 2024-05-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Other opportunities for investors to participate in spinoffs will be coming soon. If a company spins off a company in a different sector, the new stock tends to outperform because it's likely undervalued. Winners and upcoming beneficiaries Roth MKM also recently highlighted spinoff stocks' outperformance over the past year. GE Vernova is one of its current favorite spinoff stocks — which the company said to "buy buy buy." Industrial company Esab , a Swedish-American company that makes welding and cutting equipment, is another spinoff beneficiary, according to Roth MKM.

Persons: Morgan Stanley, Todd Castagno, Wolfe, Roth MKM, Roth, Esab, Sylvamo, JC O'Hara, Baxter, Edwards Lifesciences, Edwards, — CNBC's Michael Bloom Organizations: General Electric, GE Vernova, Wolfe Research, Baxter International, Unilever Locations: Swedish, American, Enovis, Memphis, Latin America, Veralto

☆ Americans will lose full Social Security benefits in 11 years, according to the program's trustees — a year later than expected
▼ + stars: | 2024-05-06 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Full Social Security benefits are expected to run out in 2035, per the program's trustees. AdvertisementAs more Americans fear being unprepared for retirement — and rely solely on Social Security — those full benefits might not be long-lived. Meanwhile, among the income that typical retirees do receive, just under 80% see income from Social Security. The latest estimates on Social Security also come as the US economy braces for a "peak boomer" wave of new retirees. That's the biggest group of boomers retiring yet, and, per that analysis, many will end up having to rely on Social Security benefits to stay afloat.

Persons: That's, —, William Arnone, Martin O'Malley, Kevin Hern Organizations: Security, Social Security, Service, National Academy of Social Insurance, Insurance Trust, Disability Insurance Fund, Social, Survey, Alliance, Lifetime, GOP, Republican

☆ DuPont's beat-and-raise quarter is a major turning point for the chemical maker
▼ + stars: | 2024-05-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Even better, management signaled that the chemical company is moving past most of the destocking headwinds that plagued it this year. Net sales declined roughly 3% year over year to $2.9 billion, beating expectations of $2.8 billion, according to LSEG. Quarterly results Organic sales in the Electronics & Industrial business declined 2% year over year, with volume and prices both down 1%. And in Shelter Solutions, the destock looks complete after sales were flat in the first quarter and expected to rise sequentially in the second quarter. This new outlook reflects a continued electronics recovery and some easing of channel inventory destocking in industrial-based businesses.

Persons: we're, Ed Breen, Breen, Jim Cramer's, Jim Cramer, Jim, Dupont, Mark Makela Organizations: DuPont, PPG Industries, Industrial Technologies, Automotive, Electronics & Industrial, Semiconductor Technologies, DuPont's, Taiwan Semi, Samsung, Safety Solutions, Water Solutions, Solutions, CNBC, Getty Locations: bottoming, Taiwan, biopharma, Kalrez

☆ Global measles cases nearly doubled in one year, researchers say
▼ + stars: | 2024-04-27 | by ( Katherine Dillinger | ) edition.cnn.com time to read: +3 min

CNN —The number of measles cases around the world nearly doubled from 2022 to 2023, researchers say, presenting a challenge to efforts to achieve and maintain elimination status in many countries. The US has had 128 measles cases reported in 20 jurisdictions this year, as of Friday, according to the US Centers for Disease Control and Prevention. Measles was declared eliminated in the US in 2000, “meaning there is no measles spreading within the country and new cases are only found when someone contracts measles abroad and returns,” the CDC says. However, the rapid rise in cases this year poses a threat to that disease elimination status, the agency says. Get CNN Health's weekly newsletter Sign up here to get The Results Are In with Dr. Sanjay Gupta every Tuesday from the CNN Health team.

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