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☆ There's going to be a catchup trade for Big Tech, says Futurum CEO Daniel Newman
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's going to be a catchup trade for Big Tech, says Futurum CEO Daniel NewmanDaniel Newman, The Futurum Group CEO, joins 'Power Lunch' to discuss the big week for Big Tech.

Persons: Daniel Newman Daniel Newman Organizations: Big Tech, Futurum

☆ Premarket stocks: Is Nvidia too big to fail?
▼ + stars: | 2024-02-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Investors expect Nvidia to report earnings of $4.59 a share and $20.378 billion in revenue, up from just $6.05 billion a year before. Too big to fail: For the time being, Nvidia is the “most sophisticated and deployed” chipmaker in the world, and its output is one of national importance, said Newman. Capital One wants to be the biggest credit card company in America. If approved by regulators and shareholders, Capital One’s (COF) acquisition will create the biggest US credit card company by loan volume. Compared to other major credit card issuers, Capital One has historically catered to customers with credit scores in the 600s range, which is considered subprime.

Persons: “, ”, Daniel Newman, Newman, Jensen Huang, ” What’s, Sam Altman, Pat Gelsinger, Elisabeth Buchwald, Biden, Richard Fairbank, Fairbank, Samantha Delouya, Dow, Dow hasn’t Organizations: CNN Business, Bell, New York CNN, Nvidia, Wall, Microsoft, Apple, Investors, Intel, AMD, Discover Financial Services, Capital, Discover, Mastercard, Consumer Financial, Bureau, Walgreens, Dow Jones, Alliance, Dow Jones Industrial, Dow Jones Indices, Dow, Tesla Locations: New York, California, United States, China, Dubai, America

☆ Reduce risk of IBS with a healthy lifestyle, a new study suggests
▼ + stars: | 2024-02-20 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

CNN —Adopting a healthy lifestyle could reduce the risk of irritable bowel syndrome, or IBS, a new study found. A research team in Hong Kong found the more healthy lifestyle behaviors that study participants followed, the higher the protection was against the occurrence of IBS. The cause of the disorder is not fully understood, but a healthy lifestyle could prevent it, researchers say. “Evidence from this large cohort suggests that life-style choices play a key role in IBS development.”Stress reductionThe study did not include the reduction of stress as part of the lifestyle behaviors observed. The study found that maintaining healthy lifestyle factors is important, Heitkemper said.

Persons: Kseniya, ”, Vincent Chi, Chung, “, ” Chung, Beverley Greenwood, Van Meerveld, Margaret Heitkemper, ” Heitkemper, Heitkemper, ” Greenwood Organizations: CNN, Mayo Clinic, Getty, Chinese University of Hong, Jockey Club School of Public Health, “ Research, University of Oklahoma Health Sciences Center, University of Washington’s, gastroenterology Locations: midlife, Hong Kong

☆ Europe is nervous about a potential Trump win. China sees an opportunity
▼ + stars: | 2024-02-19 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

China – which has not condemned Russia’s invasion and claims impartiality in the conflict – has also emerged as a key lifeline for the sanctions-hit Russian economy. In Europe, this has galvanized concerns about China’s own global ambitions and played a role in the European Union’s ongoing push to recalibrate its policy toward China. EU foreign policy chief Josep Borrell reiterated the EU’s “expectation that China refrains from supporting Russia,” in a meeting with Wang Friday. “As long as war in Ukraine continues, EU policies toward China will move into closer alignment with the US. As president, Trump not only voiced skepticism of the system of US alliances in Europe, but leveraged tariffs on European steel and aluminum, sparking retaliatory measures on US goods from Europe.

Persons: Hong Kong CNN —, Wang Yi, Wang, Donald Trump, Trump, ” Wang, Alexey Navalny, Vladimir Putin’s, “, ”, Noah Barkin, Maxym Marusenko, Putin, Xi Jinping, –, Jens Stoltenberg, Josep Borrell, Christoph Heusgen, Dmytro Kuleba, Xi, hasn’t, It’s, Kuleba, Vladimir Putin, Xie Huanchi, Yu Jie, ‘, Liu Dongshu, “ Wang Yi, China …, ” Liu, Emmanuel Macron, GMF Organizations: Hong Kong CNN, Munich, Washington, NATO, German Marshall Fund of, Communist Party, Wang Friday, Bloomberg, CNN, China’s, Ministry, ”, Ukrainian, Security, Beijing, Peace, Getty, ’ Observers, US, Chatham House, City University of Hong, “, White Locations: China, Hong Kong, States, Europe, Ukraine, Beijing, Munich, Moscow, Russia, United States, Russian, Ukraine's Kharkiv, West . China, Taiwan, EU, ”, China’s, Asia, Pacific, ” Beijing, Switzerland, Xinhua, London, Spain, France, City University of Hong Kong’s, Washington, York

☆ 4 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-02-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale

☆ Facebook mom groups are powerful resources. One helped me navigate getting glasses for my toddler.
▼ + stars: | 2024-02-16 | by ( Jillian Becquet | ) www.businessinsider.com time to read: +4 min

I knew my child needed glasses, and I thought it would be as easy as getting them for myself. When I found a facebook group, the community taught me what I needed to find glasses for my 3 year old. In spite of being assured by multiple opticians that these glasses fit, the materials alone gave me pause, and we ended our search until I did more research. AdvertisementA Facebook group helped me get the glassesEnter Facebook. Plus, some of them were optometrists and opticians who knew exactly how to fit glasses on kids of all sizes.

Persons: —, hadn't, opticians, they're, I'm, I've, We'd Organizations: Service, American Optometric Association, Facebook

It is a three-way race for the presidency among current Defense Minister Prabowo Subianto and two former provincial governors, Anies Baswedan and Ganjar Pranowo. While he is the oldest candidate, his running mate is the youngest: 36-year-old Surakarta Mayor Gibran Rakabuming Raka, Widodo's son. His running mate is Mohammad Mahfud, who resigned as security minister to focus on campaigning. He is also a former defense minister, justice minister and chief justice of the Constitutional Court. His choice of Muhaimin Iskandar as his running mate in Wednesday's election is viewed as an attempt to rebuild that support.

Persons: Joko Widodo, Prabowo Subianto, Anies, Subianto, Gibran Rakabuming Raka, Suharto, Widodo's, Raka, —, GANJAR, Pranowo, ” Pranowo, Mohammad Mahfud, ANIES, Baswedan, Widodo, Basuki Tjahaja Purnama, Muhaimin Iskandar, Iskandar’s, ” Organizations: SUBIANTO, Gerindra Party, Constitutional, Indonesian Democratic Party of, Central Java, FIFA, Islamic, Fulbright, Awakening Party, Ulama, Associated Press Locations: JAKARTA, Indonesia, Jordan, Surakarta, Central, Israel, Jakarta, Chinese, Wednesday's, Nusantara, Borneo

☆ My 70-year-old grandma and I started dating at the same time. It brought us closer together.
▼ + stars: | 2024-02-09 | by ( Liz Brinks | ) www.businessinsider.com time to read: +6 min

We shared inside jokes about Grandpa's burial experience, watched Hallmark movies, and went through the Culver's drive-thru daily. I talked with Grandma about dating, being on dating apps, and the struggles of trying to meet people during the pandemic. We started dating at the same timeThat summer, between visits to my grandma, I met someone in Milwaukee, about 114 miles away from my apartment, and things steadily grew from first dates to weekly phone calls and beyond. I shared lots of updates with Grandma as we progressed from Tinder notifications to texts and pictures and voice memos. At the same time as me, my grandma had started seeing someone.

Persons: grandpa, —, Grandma, beau Organizations: Service, Hallmark, Wisconsin Badger Locations: Milwaukee

☆ Arm has a very clear AI story that will lead to growth, Futurum Group CEO says
▼ + stars: | 2024-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArm has a very clear AI story that will lead to growth, Futurum Group CEO saysDaniel Newman, CEO of the Futurum Group, says Arm's earnings is a validation of its ecosystem and AI story.

Persons: Daniel Newman Organizations: Futurum

☆ Analysis-For Malaysian Filmmakers, Censorship Stifles Optimism After Overseas Glory
▼ + stars: | 2024-02-08 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

"This is a very good time ... where people around the world are really looking into Malaysian filmmakers. "Mentega Terbang" follows a teenage Muslim girl exploring different religions while dealing with grief. Online platforms are not covered by film censorship rules in Malaysia. Khairi and others involved in "Mentega Terbang" even received death threats at the time, media reports show. CENSORSHIPUnder Malaysian law, films intended for public viewing must be approved by the Film Censorship Board.

Persons: Oscar, Michelle Yeoh, Khairi Anwar, Malaysia's, Khairi, Badrul Hisham Ismail, Pagi Ke, Anwar Ibrahim's, Anwar, Zabidi Mohamed, Amir Muhammad, Brenda Danker, Danial Azhar, Rozanna Latiff, Himani Sarkar Organizations: Azhar KUALA LUMPUR, Reuters, Cannes, Cannes Film, Malay, Academy, Malaysian, Film, YouTube Locations: Azhar KUALA, Malaysia, Malaysian, Viu, Terengganu, Malay

☆ Tucker Carlson Urges Putin to Release American Journalist
▼ + stars: | 2024-02-08 | by ( Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

In an interview released on Thursday, Tucker Carlson urged President Vladimir V. Putin of Russia to release an American reporter for The Wall Street Journal who has been held in a notorious Moscow prison for nearly a year. Mr. Carlson’s appeal on behalf of the reporter, Evan Gershkovich, was only the second time that Mr. Putin directly addressed a case that has galvanized press freedom groups and strained diplomatic relations with the United States. Large portions of the two-hour interview were taken up by Mr. Putin’s recounting hundreds of years of Russian history. But in the final minutes, Mr. Carlson asked, “as a sign of your decency,” if he “would be willing to release him to us and we’ll bring him back to the United States.” Mr. Carlson added: “This guy’s obviously not a spy. “We have done so many gestures of good will out of decency that I think we have run out of them,” he said, according to a translation of his remarks by Mr. Carlson’s team.

Persons: Tucker Carlson, Vladimir V, Putin, Evan Gershkovich, Carlson, we’ll, Mr, he’s, ”, Carlson’s Organizations: Wall Street Locations: Russia, Moscow, United States

☆ Influencers are landing paid brand partnerships and UGC deals in an unexpected new way: Slack groups
▼ + stars: | 2024-02-08 | by ( Marta Biino | Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

That Slack group? While many of the other Slack groups creators said they'd used were free, this particular one charges membership fees of $41 per month or $588 a year. Like the existing Slack group, this one will also charge users. AdvertisementCalveiro is excited about this because of the group's potential to create a safe, engaged community where all questions are welcomed. "I haven't yet seen a truly successful Slack channel just for creators, and I think it's so needed," she said.

Persons: —, Ogilvy, Slack, I've, Kristen Bousquet, Bousquet, she's, Patricia Redulla, Redulla, She's, Calveiro, they'd, Jessy Grossman Organizations: Service, Influencer, Business, Messaging, workspaces, UGC, Adolescent

☆ China’s VC playbook is undergoing a sea change as U.S. IPO exits get tougher
▼ + stars: | 2024-02-08 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

That's far less than in the previous years — the share of U.S. dollars in total VC funds raised was around 15% for the years 2018 to 2021, the data showed. China investments, China exitsWashington and Beijing in 2022 resolved a long-standing audit dispute that reduced the risk of Chinese companies having to delist from U.S. stock exchanges. "With U.S. IPOs no longer being a viable exit strategy for China assets, investors should target local exits in their respective capital markets—in other words, China exits for China assets, and U.S. exits for overseas assets," Liao said. The 20 largest VC deals for China-headquartered companies in 2013 were predominantly in e-commerce and software services, according to PitchBook data. ... the venture capital scene has become even more state-concentrated and focused on government priorities.

Persons: China’s renminbi, Athit Perawongmetha, Kyle Stanford, China —, Liao Ming, Stocks, Liao, Didi, Beijing's, Camille Boullenois Organizations: Reuters, Reuters BEIJING — Venture, Liao Ming, U.S, Sequoia, Prospect, Capital, New York Stock Exchange Locations: U.S, Bangkok, Thailand, Reuters BEIJING, China, Sequoia, Washington, India, Japan, Greater China, Beijing, New York, Hong Kong, U.S . Washington

☆ China's economy may not overtake the US, but a Trump presidency would still help Beijing: former IMF official
▼ + stars: | 2024-02-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewChina is taking steps to support its economy and stock markets, but there are limits to what can be achieved, said economist Eswar Prasad. Stock markets in China and Hong Kong have accelerated losses into 2024 after shedding trillions of dollars since 2021. "The likelihood of the prediction that China's GDP will one day overtake that of the US is declining," Prasad added to Nikkei. This is because Trump is likely to ratchet up trade protectionism, causing fragmentation in the trade and financial sectors, Prasad told Nikkei.

Persons: —, Eswar Prasad, Prasad, China hasn't, Trump, Prasad doesn't, Donald Trump Organizations: Service, Cornell University, International Monetary Fund, Nikkei, Business, Stock, Reuters Locations: China, Hong Kong, Beijing, Asia

☆ Factbox-Candidates for Indonesia's Presidential Election
▼ + stars: | 2024-02-06 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +4 min

(Reuters) - Indonesia holds a presidential election on Feb. 14, with three contenders vying to succeed incumbent Joko Widodo, or Jokowi, as leader of the world's third-largest democracy and its most populous Muslim-majority nation. He is not a member of a political party but is backed by three parties, including a secular party in the ruling coalition and the conservative Islamic Prosperous Justice Party (PKS). He is the nephew of the late Abdurrahman Wahid, or Gus Dur, a well-respected former president and religious leader. After losing the 2019 election, he was appointed defence minister by Jokowi, a move analysts say helped heal divisions. Prabowo chairs the Great Indonesia Movement (Gerindra) party, which endorsed him as its presidential candidate last year.

Persons: Joko Widodo, ANIES BASWEDAN, Jokowi, Anies, Basuki Tjahaja, Muhaimin Iskandar, Imin, Abdurrahman Wahid, Gus Dur, Ganjar, Mahfud, Mohammad Mahfud Mahmodin, Suharto, Prabowo, Gibran Rakabuming Raka, Gibran, Ananda Teresia, Stanley Widianto, Kanupriya Kapoor, Martin Petty Organizations: Reuters, Fulbright, Islamic Prosperous Justice Party, National Awakening Party, Ulama, Indonesian Democratic Party of Struggle, Israel, Islamic, NU, Mahfud, Great Indonesia Movement, Constitutional Locations: Indonesia, Jakarta, Chinese, East Java, Central Java, Surakarta

☆ Haley’s voters might decide Biden’s fate in November. Here’s why.
▼ + stars: | 2024-02-06 | by ( Ron Brownstein | Analysis Ronald Brownstein | ) edition.cnn.com time to read: +17 min

In New Hampshire, more than 4-in-5 Haley voters said Trump would not be fit to serve again if convicted and that Biden had legitimately won. In that poll, two-thirds of Haley voters in Iowa said they would not vote for Trump in a general election; that number soared past three-fourths of her voters in New Hampshire. One key reason: fully 93% of all GOP-leaning voters said they disapproved of Biden’s performance as president. Madrid believes Biden’s record on immigration is the biggest obstacle to him harvesting support among the Republicans uneasy about Trump. Lake doesn’t agree that any single issue is critical for Biden with the kind of GOP voters who have rallied to Haley.

Persons: Nikki Haley’s, Donald Trump, Haley, Biden, Joe Biden, Haley –, Trump, ”, Smith, Michael Madrid, “ Trump, “, SSRS, “ Donald Trump, that’s, Alan Abramowitz, Ron DeSantis, it’s, Democratic pollster, Biden’s, ” Madrid, Haley herself, ” Jennifer Horn, MAGA …, ” Jim McLaughlin, Trump’s, McLaughlin, Bill McInturff –, –, Lake, Jean Carroll, ’, Taylor Swift, Chris Wilson, Republican pollster, Wilson, ” Wilson, Lake doesn’t Organizations: CNN, South Carolina Republican, Trump, White, GOP, Republican, Democratic, Trump Lincoln Project, Washington Post, University of Maryland, Capitol, CBS, Republicans, NBC News, Republican Party, South, Emory University, Florida Gov, Edison Research, Haley Iowa, Monmouth University, ”, Biden, New Hampshire Republican, NBC, AP Locations: Iowa, New Hampshire, California, Madrid, Washington, South Carolina, ” Madrid, McInturff, Lake, Trump

☆ Beijing refuses to admit its economy has broken down — and that's one reason officials are failing at fixing it, researchers say
▼ + stars: | 2024-02-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's economy has struggled to regain post-pandemic traction. But Beijing hasn't conceded its economy is in trouble, which could be holding it back from fixing structural issues, says the Rhodium Group. Rhodium Group's researchers aren't quite sure about the rosy narrative of China's economy, calling it a "politicized picture of economic activity." After all, China's economy struggled to regain traction after a brief spurt post-pandemic, disappointing investors. By the second half of the year, confidence had broken down entirely," wrote the Rhodium Group researchers.

Persons: underscoring, Beijing hasn't, —, Daniel H, Rosen, Rachel Lietzow, Lietzow, Xi Jinping, haven't Organizations: Stock, Beijing, Service, White, National Economic Council, National Security Council Locations: China, New York, Beijing

☆ How to improve heart health at any age
▼ + stars: | 2024-02-02 | by ( Katia Hetter | ) edition.cnn.com time to read: +9 min

In total, heart disease claims the lives of 1 in 5 people. Cardiovascular disease is extremely rare at this age. Wen: There are definitely ways to improve heart health at these ages, too. It applies to people of all ages, but older people may face some challenges in an often-overlooked determinant of heart health: social connection. Loneliness is an epidemic in the United States and globally, and is associated with many negative health effects that include worse cardiovascular health and early mortality.

Persons: Leana Wen, Wen, it’s Organizations: CNN, George Washington University, Health, US Centers for Disease Control Locations: United States

☆ PGA Tour Raises $1.5 Billion From Group of U.S. Investors
▼ + stars: | 2024-01-31 | by ( Lauren Hirsch | ) www.nytimes.com time to read: +1 min

The PGA Tour announced on Wednesday that it had reached a deal to raise more than $1.5 billion from a group of U.S. investors, led by the Fenway Sports Group, the parent company of the Boston Red Sox and Liverpool Football Club. The deal would give the PGA Tour a significant amount of cash at a time when it is facing steep competition from its well-financed rival, LIV Golf, which is backed by Saudi Arabia’s sovereign wealth fund. The influx of money raises questions about whether a deal the PGA struck six months ago to align itself with the Saudi wealth fund remains necessary. The PGA and the Saudi fund initially set a Dec. 31 deadline to work out details and finalize their deal. The tour’s commissioner, Jay Monahan, said Wednesday on a call with PGA players before the official announcement that the tour “does remain in active and frequent dialogue” with representatives for the Saudi wealth fund.

Persons: LIV Golf, Jay Monahan Organizations: PGA, Fenway Sports Group, Boston Red Sox, Liverpool Football Club, Tour, Saudi Locations: U.S, Saudi, Saudi Arabia

☆ The CEO of FanDuel's owner Flutter explains how its US stock debut could boost its edge over rivals like DraftKings and why it thinks of itself as a media business
▼ + stars: | 2024-01-31 | by ( Ashley Rodriguez | ) 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. "It's a great opportunity to bring the world's leading sports betting and gaming business to the world's leading capital market." AdvertisementJackson said he believes the US listing will help the company win media attention and new investors. DraftKings narrowly edged out in August FanDuel's market-share lead in the broader online gambling space that includes casino-style games, per EKG. "FanDuel is undoubtedly a media business," Jackson said.

Persons: —, Peter Jackson, Jackson, Paddy Power, it's, DraftKings, FanDuel, Pat McAfee, Charles Gillespie, Chad Beynon, Beynon Organizations: Service, New York Stock Exchange, Wall, Business, PokerStars, London Stock Exchange, Krejcik, Penn, ESPN Bet, Media, TVG, Gambling.com Group, Macquarie, Wall Street, Rush Street Interactive, Caesars Entertainment, Genius Sports, Research, Jefferies Locations: New York, London, Europe, Sportsbet, Australia, America, Sands

☆ Ship Carrying 16,000 Sheep and Cattle Stranded off Australia
▼ + stars: | 2024-01-31 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

"It's very hard to imagine that that is consistent with the animal welfare standards that Australians expect to be applied to Australian animals." ROUGH WEATHERAustralia is a major exporter of live animals, shipping more than half a million sheep and half a million cattle last year. Most cattle go to Asian markets such as Indonesia and Vietnam but the Middle East is by far the biggest destination for Australian sheep. Israel is a key market, receiving 86,100 sheep worth $6.5 million and 10,848 cattle worth $14 million from Australia in the first three months of last year, trade data show. Australia's Labor government has pledged to outlaw exports of live sheep in coming years but faces angry pushback from farm groups who say this would put people out of work and destroy farming communities.

Persons: Peter Hobson CANBERRA, Yemen's, Josh Wilson, Bassem, Geoff Pearson, Canberra, Peter Hobson, Stephen Coates Organizations: Fremantle, WA Farmers, Reuters, Korkyra Shipping, Labor Locations: Australia, Israel, Africa, Red, Europe, Asia, Indonesia, Vietnam, New Zealand

FBI Director Christopher Wray on Wednesday warned Congress about a range of threats against the U.S., from Chinese hackers to heightened terrorist risks after the Oct. 7 attack on Israel. The FBI director has long warned about the Chinese government’s hacking capabilities. Cyberattacks and disinformation warfare can work in tandem, Wray warned. He also noted that AI can enhance foreign adversaries abilities to collect personal data and feed it into disinformation and influence operations. Heightened Terrorist Risk“We are, since Oct. 7, in a heightened threat environment from various forms of terrorist risk,” Wray warned, alluding to Hamas’ attack on Israel last year.

Persons: Christopher Wray, ” Wray, ” TikTok, Wray, ”, “ Organizations: Wednesday, U.S, Chinese Communist Party, FBI, Intelligence Locations: Israel, U.S, China, PRC, Iran

☆ H&M shares tumble 8% after weaker sales and surprise CEO exit
▼ + stars: | 2024-01-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Shares of Swedish retailer H&M were down 8% at 09:05 a.m. London time on Wednesday, after the company announced weaker sales and the surprise departure of its chief executive. H&M sales were 1% lower for 2023 in local currencies, and 4% lower year-on-year in the fourth quarter. In an unexpected leadership shake-up at the H&M group, Helena Helmersson, who has been in the CEO role for four years, will be replaced by Daniel Ervér. "The H&M group is in a strong position, with a positive profitability trend and good conditions to make further improvements in 2024," group chair Karl-Johan Persson said. "Daniel is a competent, experienced and respected leader and has the qualities needed to continue to develop the H&M group."

Persons: Helena Helmersson, Daniel Ervér, Helmersson, Ervér, Karl, Johan Persson, Daniel Organizations: Oxford Street, Regent Locations: London, United Kingdom, Zara

NEW YORK (AP) — National Rifle Association CEO Wayne LaPierre acknowledged at a civil trial Monday that he wrongly expensed private flights for his family and accepted vacations from vendors doing business with the nonprofit gun rights organization without disclosing them. The New York attorney general sued the 74-year-old CEO and three co-defendants in 2020, claiming widespread misspending and self-enrichment among certain NRA leaders. “I now know there was a limit of $25,” for NRA-sponsored gifts, LaPierre said. “They weren’t gifts; they were work items for me.”LaPierre also acknowledged authorizing private helicopter flights for NRA executives to and from the Texas Motor Speedway during NASCAR events. The attorney general’s office is calling for restitution and financial penalties for NRA officials who improperly profited from the organization's activities.

Persons: Wayne LaPierre, LaPierre, “, ”, hadn’t, ” LaPierre, Sandy, Andrew Arulanandam Organizations: Rifle, NRA, New, Texas Motor Speedway, NASCAR, NFL, Elementary Locations: Manhattan, New York

☆ Microsoft CEO responds to AI-generated Taylor Swift fake nude images
▼ + stars: | 2024-01-29 | by ( Kat Tenbarge | ) www.cnbc.com time to read: +3 min

Microsoft CEO Satya Nadella said Friday that the company has to "move fast" on combatting nonconsensual sexually explicit deepfake images, after AI-generated fake nude pictures of Taylor Swift went viral this week. "Yes, we have to act," Nadella said in response to a question about the deepfakes of Swift. "I think we all benefit when the online world is a safe world. X didn't respond to an NBC News request for comment about the deepfake images of Swift, while the singer's representative declined to comment on the record. We have investigated these reports and have not been able to reproduce the explicit images in these reports.

Persons: Satya Nadella, Taylor Swift, Lester Holt, Nadella, Swift, Bing Organizations: NBC News, NBC, Microsoft, Media, Media Microsoft

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