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☆ Nvidia set the market alight last quarter. Can it repeat the trick?
▼ + stars: | 2023-08-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Artificial intelligence darling Nvidia’s upcoming earnings report could be a boost or a drag on a market already mired in the summer doldrums. Nvidia reached a $1 trillion market cap in May, becoming the ninth company to achieve that milestone. Tech stocks rose on Monday, indicating optimism among investors about Nvidia’s earnings. The tech-heavy Nasdaq Composite index on Monday gained 1.6%, marking its biggest one-day jump this month and stalling the recent sell-off in tech stocks. Tech stocks faltered somewhat on Tuesday, as weak retail earnings and elevated Treasury yields put pressure on stocks.

Persons: Jensen Huang, Phillip Toews, that’s, …, ”, Louis Navellier, Dan Ives, Jerome Powell, Anna Bahney, Read, Clare Duffy, —, X Organizations: CNN Business, Bell, CNN, Nvidia, Toews Asset Management, US Federal Reserve, Apple, Meta, Microsoft, Tesla, Navellier, Associates, Tech, Nasdaq, Wedbush Securities, Federal, Kansas City, Dow Jones, National Association of Realtors, NAR, Homeowners, Twitter Locations: Jackson Hole , Wyoming, Northeast, Midwest, West

☆ Chinese stocks will not recover until the government stimulates the economy: Head of research
▼ + stars: | 2023-08-21 | 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 EmailChinese stocks will not recover until the government stimulates the economy: Head of researchPhillip Wool of Rayliant Global Advisors explains why he is positive on Chinese companies like Alibaba, despite the 'doom and gloom' in China's market.

Persons: Phillip Wool Organizations: Rayliant Global Advisors

☆ Sea pivoted to growth over profits as it faced rising competition from TikTok, Lazada, analysts say
▼ + stars: | 2023-08-18 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

But analysts said the pivot is a move to defend market share. Defending your market share is the right strategy in e-commerce. CEO Shou Zi Chew said in June that TikTok would invest billions of dollars in Southeast Asia over the next few years to gain market share. Sea's decision to accelerate ecommerce investments in growth is likely to materially weigh on its earnings and share price in the near-term. "Sea's decision to accelerate ecommerce investments in growth is likely to materially weigh on its earnings and share price in the near-term," said JPMorgan.

Persons: Forrest Li, GoTo, Sachin Mittal, Woo, Li, JPMorgan, Jonathan Woo, Shou Zi Chew, TikTok, Alibaba's Lazada, Sea's Shopee, Lazada's GMV Organizations: Sea Ltd, Bloomberg, Getty, Local, DBS Bank, Phillip Securities Research, JPMorgan, Momentum Works Locations: Singapore, Lazada, Southeast Asia

Two of Australia’s largest grassroots Indigenous football bodies – Indigenous Football Australia (IFA) and the Australian Indigenous Football Council (AIFC) – say there’s no funding for Indigenous football in Legacy ’23, the 357 million Australian dollar ($228 million) post-tournament fund dedicated to growing soccer in Australia. By contrast, the AIFC oversees state and territory Indigenous football councils and organizes the First Nations Indigenous Football Championships and teams who play as the Indigenous Roos and Koalas. The AIFC recently signed a “Football Treaty” with New Zealand equivalent, Māori Football Aotearoa, and Gilbert wants to create a World Indigenous Football Council and Indigenous World Cup, independently of FIFA. Pickering-Parker seems more hopeful that the World Cup will bring more funding to his small team of volunteers: “Right now. If hosting a Women’s World Cup isn’t going to do it, I don’t know what else is,” she said.

Persons: “, that’s, it’s, ”, Ros Moriarty, James Johnson, Karen Menzies, John Maynard, “ I’ll, I’m, I’ll, Maynard, –, who’ve, Asanka Brendon Ratnayake, Moriarty Football, John’s, Moriarty, ” Lawrence Gilbert, Gilbert, ” John Moriarty, John Moriarty, Johnson, We’ve, It’s, Jennifer Pickering, Tai Tokerau, “ You’re, ” Pickering, Claudia Bunge, Michaela Foster, Mathias Bergeld, Phillip Pickering, Parker, Pickering, Kyah Simon, who’s, Lydia Williams, Williams, ” Williams, Matt King, Australia’s, That’s, crowdfunding, NIAG, we’ve, Menzies, we’re, … Organizations: Sydney CNN —, Indigenous Football Australia, IFA, Australian Indigenous Football Council, Indigenous, Moriarty Foundation, Football Australia, CNN Sport, FIFA, Indigenous Advisory, CNN, Aboriginal Soccer Tribe, UNICEF Australia First Nations, Aboriginal, Torres Strait, Elders, Commonwealth, First, First Nations, Reuters, Australian, soccer team, ” John Moriarty Football, New South, Nations Indigenous Football, Indigenous Roos, Treaty, Māori Football Aotearoa, Indigenous Football Council, Nations Australian, Nations, . New Zealand, ”, New Zealand Football, AFL, Australian Football League, Sydney Football Stadium Locations: Australia, New Zealand, Brisbane, New South Wales, Koalas, Tai, New, ., Norway, Kalgoorlie, Western Australia, Perth, “

REUTERS/Aly Song/File PhotoHONG KONG/NEW YORK, Aug 15 (Reuters) - Chinese fears of a spillover from missed payments on some shadow banking linked trust products and worsening consumer sentiment are expected to hasten a policy response to revive the country's cash-starved property sector. Zhongrong International Trust Co, which traditionally had sizable real estate exposure, has recently missed repayments on some investment products, fuelling contagion fears. 'CONTAGION'The trust sector had been a major fundraising channel for property developers seeking rapid expansion. The outstanding value of trust products invested in the property sector was 1.2 trillion yuan as of end-2022, down about 30% year-on-year. Still, exposure to the real estate sector varies from different trust firms.

Persons: Aly, Yan Wang, Nomura, Arthur Kroeber, Kamil Dimmich, Phillip Wool, Wool, Vidya Ranganathan, Laura Matthews, David Randall, Ziyi Tang, Sumeet Chatterjee, Alexander Smith Organizations: REUTERS, HONG KONG, Trust Co, Barclays, International Trust, South Capital LLP, China Equity ETF, Beijing, Thomson Locations: Shanghai, China, HONG, Zhongrong, Beijing, New York, London, Singapore, Summer Zhen

☆ Viking Global slashes Amazon and insurance positions, adds to bets in biotech
▼ + stars: | 2023-08-15 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Ole Andreas Halvorsen's Viking Global hedge fund slashed its holding in Amazon in the second quarter and stepped up bets in biotech, according to the latest 13F filing with the U.S. Securities and Exchange Commission . The so-called Tiger Cub's entirely new positions included a $78 million stake in Alibaba , $6.5 million in C3.ai and $132 million worth of chipmaker Nvidia . Viking Global also cut investments in the CSX railroad nearly 42%. Elsewhere, Viking Global purchased $278 million worth of Netflix stock in the second quarter and opened a $159 million position in shipping giant UPS . Viking Global managed about $24 billion in 13F securities at the end of the second quarter, according to WhaleWisdom.com .

Persons: Ole Andreas Halvorsen's, Halvorsen, Julian Robertson, Jack Dorsey's Block, Phillip Morris, Philip Morris Organizations: Ole Andreas Halvorsen's Viking Global, U.S . Securities, Exchange Commission, Viking Global, Tiger Management, Nvidia, Viking, CSX, TJX, Meta, Netflix, UPS, Chubb Limited, Tenet Healthcare, General Electric, UnitedHealth Group, Constellation Energy, GE Locations: Ole Andreas Halvorsen's Viking, Alibaba, Viking, Progressive

☆ CBO Director Phillip Swagel on U.S. deficit: An unusual and very challenging fiscal situation
▼ + stars: | 2023-08-15 | 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 EmailCBO Director Phillip Swagel on U.S. deficit: An unusual and very challenging fiscal situationPhillip Swagel, Congressional Budget Office Director, joins 'Squawk Bo' to discuss the fallout from Fitch's rating downgrade, which cited federal debt levels as one of the reasons for the downgrade, U.S. debt fears following CBO's projection that the nation's debt will soon exceed its all time high and skyrocket to 181% by 2053, and more.

Persons: Phillip Swagel, Bo Organizations: Congressional

☆ Walmart workers reveal 7 secret terms they use on the job
▼ + stars: | 2023-08-14 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

Insider spoke to Walmart employees about the slang terms they use at work. According to one Walmart employee, it can happen when they have more product than what fits on the shelf. Another employee told Insider that at their store, they deliberately "plug" to make the shelves look more full if they're running low on stock. While officially, it's called OneWalmart, employees told Insider that everyone just calls it "The Wire." Meat WallThe meat wall is where Walmart stores stock their meat products — from ground beef to chicken to deli meats.

Persons: it's, It's, David J, Phillip, you'll, Jeffrey Greenberg Organizations: Walmart, Service, Privacy, Universal, Getty, Mule Walmart Locations: Wall, Silicon, Texas

☆ CNN Overhauls Programming Lineup, Aiming to Lift Ratings
▼ + stars: | 2023-08-14 | by ( Benjamin Mullin | More About Benjamin Mullin | ) www.nytimes.com time to read: +1 min

CNN, which has battled sagging ratings this year, on Monday unveiled a dramatic remaking of its morning and evening programming. Laura Coates, an anchor and chief legal analyst at CNN, will anchor the network’s 11 p.m. hour. Earlier this year, CNN named Kaitlan Collins, its former White House correspondent, as anchor of its 9 p.m. hour, replacing Mr. Cuomo. The show will be co-hosted by Ms. Harlow and Phil Mattingly, CNN’s chief White House correspondent. Ms. Hunt was previously anchor of “Way Too Early,” a morning show on MSNBC.

Persons: Abby Phillip, ”, Laura Coates, Chris Cuomo, Andrew Cuomo, Kaitlan Collins, Cuomo, Don Lemon, Collins, Lemon, Poppy Harlow, Harlow, Phil Mattingly, CNN’s, Kasie Hunt, Hunt Organizations: CNN, New York Gov, White House, White, MSNBC

☆ CNN announces sweeping new lineup ahead of 2024 election
▼ + stars: | 2023-08-14 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

New York CNN —CNN on Monday announced a sweeping new lineup, overhauling key time slots as it seeks to bolster its ratings and reboot its programming ahead of the 2024 presidential election. ET prime time program out of New York and that Laura Coates will helm an 11 p.m. ET program from Washington. CNN named Phil Mattingly as the co-anchor of its flagship morning show, “CNN This Morning” alongside Poppy Harlow. CNN also announced that it will reimagine its weekend lineup to win viewers on Saturday mornings.

Persons: Abby Phillip, Laura Coates, Phil Mattingly, Poppy Harlow, Kasie Hunt, Pamela Brown, Victor Blackwell, Michael Smerconish, Chris Wallace, Christiane Amanpour, Manu Raju, ”, Amy Entelis, David Leavy, Virginia Moseley, Eric Sherling, “ Organizations: New, New York CNN, CNN, Monday Locations: New York, Washington

☆ US investors flag retaliation risks after Biden's China tech curbs
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +4 min

But several portfolio managers said the bigger worry was whether China would strike back, as it has in the past. "It is naïve to think that there won't be some type of retaliation from China," said Tom Plumb, CEO of mutual fund Plumb Funds. China could restrict exports of rare earths used in consumer electronics, electric vehicles, and other components, or target other U.S. technology companies, Plumb said. SELF-SUFFICIENCYChina hawks in Washington say American investors have transferred capital and valuable know-how to Chinese technology companies that could help advance Beijing's military capabilities. Phillip Wool, a co-portfolio manager of Rayliant Quantamental China Equity ETF, said U.S.-China tensions were causing investors to miss out on China growth.

Persons: Florence Lo, Joe Biden's, Biden, Rick Meckler, Tom Plumb, Plumb, Michael Ashley Schulman, Phillip Wool, Shashwat Chauhan, Amruta, Chibuike Oguh, Laura Matthews, Herbert Lash, Davide Barbuscia, Michelle Price, Grant McCool Organizations: REUTERS, Cherry Lane Investments, China Exchange, Wall, Micron Technology, U.S, Funds, Reuters, Running, Capital Advisors, China Equity, Thomson Locations: China, U.S, Beijing, New Jersey, Washington, Rayliant

☆ A Happiness That Took 90 Years to Achieve
▼ + stars: | 2023-08-11 | by ( Tammy Lagorce | ) www.nytimes.com time to read: +1 min

“He was in the choir, and I was in the pews,” Mr. Felts said. Mr. Jones was able to square his sexuality with church doctrine; Mr. Felts was not. He never said goodbye to Mr. Jones, though Mr. Felts was sure by then he was the love of his life. Over the years, Mr. Felts would intermittently search for Mr. Jones in every California phone book he could get his hands on. “I called every Phillip Jones and every P. Jones I could find,” he said.

Persons: don’t, ”, Phillip Jones, Felts, Mr, Jones, “ Organizations: Navy, University of Kansas, of, Dodge Locations: Long Beach, Calif, California, Dodge City

SINGAPORE, Aug 11 (Reuters) - Three bulk carriers were robbed in the Singapore Strait earlier this week, a Singapore-based regional maritime security centre on Friday. One of the busiest commercial waterways in the world has seen a spike in piracy in recent years. The incidents of "petty crime" happened between Aug 8-9, when the ships were in the Phillip Channel in the Singapore Strait, said the Information Fusion Centre, which is a regional facility hosted by the Singapore navy. One of the ships was flagged to Cyprus, while the other two carried Liberia flags, the centre said in a statement. "Majority of the incidents involved bulk carriers, and tugs and barges with low freeboard and slow speed while underway, and the incidents occurred in hours of darkness," it said.

Persons: Xinghui Kok, Kanupriya Kapoor Organizations: Information Fusion, Singapore, Thomson Locations: SINGAPORE, Singapore, Cyprus, Liberia, India, Indonesia, South Korea

☆ Oil dips as demand concerns mount; eyes on US inflation data
▼ + stars: | 2023-08-10 | by ( Muyu Xu | ) www.reuters.com time to read: +3 min

U.S. crude inventories (USOILC=ECI) rose by 5.9 million barrels in the last week to 445.6 million barrels, compared with analysts' expectations in a Reuters poll for a 0.6 million-barrel rise, U.S. Energy Information Administration data showed on Wednesday. U.S. crude oil exports fell by 2.9 million barrels per day last week, the steepest fall on record, to 2.36 million barrels per day (bpd), according to the data. Concerns over LNG supply drove European gas prices to a nearly 2-month high on Wednesday and buoyed the demand outlook for diesel as alternative fuel. However, oil prices remained supported by supply tightness worries as tensions between Russia and Ukraine in the Black Sea region could threaten shipment of Russian oil. Top exporter Saudi Arabia's plans to extend its voluntary production cut of 1 million barrels per day for another month to include September.

Persons: Johan Sverdrup, Carina Johansen, NTB, Brent, Phil Flynn, Priyanka Sachdeva, Phillip Nova, Jun Rong, Muyu Xu, Laura Sanicola, Muralikumar Organizations: West Texas, U.S . Energy, Price Futures, Index, CPI, Woodside Energy Group, IG, Saudi, Thomson Locations: North, China, U.S, ., United States, Chevron, Russia, Ukraine, Saudi Arabia, Singapore, Washington

☆ Beyoncé's tour pays $100,000 extend Metro hours after severe weather delays Sunday show in DC
▼ + stars: | 2023-08-07 | by ( Michelle Watson | ) edition.cnn.com time to read: +2 min

The delay left fans sweltering in hot and humid conditions as they waited for word on what was happening. “Due to lightning in the area, we are currently under a shelter in place order. The situation inside the stadium was confusing and chaotic, said CNN’s Abby Phillip, who was among the fans packing the venue. “It was one of those moments where it was a great concert, but that experience was a little bit scary,” Phillip added. More than 120 million people in the Eastern US are at risk of severe thunderstorms Monday, while heat waves in the South continue their record streaks.

Persons: “, Abby Phillip, ” Phillip, Phillip, Rob Shackelford Organizations: CNN, Metro, Washington Metropolitan Area Transit Authority, Twitter, WJLA, South Locations: Washington, DC, FedExField, Metro

☆ 7 slang terms you'll only know if you work at Walmart
▼ + stars: | 2023-08-05 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

Insider spoke to Walmart employees about the slang terms they use at work. Insider asked current Walmart employees about the words they hear at work. According to one Walmart employee, it can happen when they have more product than what fits on the shelf. While officially, it's called OneWalmart, employees told Insider that everyone just calls it "The Wire." Meat WallThe meat wall is where Walmart stores stock their meat products — from ground beef to chicken to deli meats.

Persons: it's, It's, David J, Phillip, you'll, Jeffrey Greenberg Organizations: Walmart, Service, Privacy, Universal, Getty, Mule Walmart Locations: Wall, Silicon, Texas

☆ Food delivery apps Grab and Foodpanda expand into dine-in services as explosive growth stalls
▼ + stars: | 2023-08-03 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Bryan van der Beek | Bloomberg | Getty ImagesSINGAPORE — Singapore-based food delivery apps Grab and Foodpanda are expanding into the dine-in space, as consumers look to eat out more post-pandemic. Foodpanda was the first food delivery companies in Singapore to introduce dine-in features in 2021. Food delivery is currently still Foodpanda's largest business, followed by grocery delivery, he said. In June, food delivery service AirAsia Food launched dine-in services in collaboration with restaurant reservation platform eatigo. Food delivery apps want to help [restaurants] get some business in terms of dining in and booking.

Persons: Bryan van der Beek, Bernstein, Foodpanda, Jakob Sebastian Angele, Jonathan Woo, Phillip Securities Research Angele, TabSquare, Jein, GrabFood's, Tay, Woo, Sachin Mittal Organizations: Central Business District of Singapore, Bloomberg, Getty, SINGAPORE —, CNBC, Phillip Securities Research, AirAsia Food, DBS Bank Locations: SINGAPORE, SINGAPORE — Singapore, Singapore, Thailand, Indonesia, Malaysia, Philippines, Vietnam, Hong Kong, Pakistan, Bangladesh, Asia Pacific

☆ Stream These 10 Movies Before They Leave Netflix in August
▼ + stars: | 2023-08-01 | by ( Jason Bailey | ) www.nytimes.com time to read: +4 min

‘A Knight’s Tale’ (Aug. 31)Another period musical, this one from the writer and director Brian Helgeland (an Oscar winner for co-writing the “L.A. The movie’s writer, director and editor, Oren Peli, cleverly turns his technological shortcomings into bonuses, crafting a found-footage story of things going bump in the night with gooseflesh raising inventiveness. Naomi Watts provides a rooting interest as the cynical reporter investigating the tape’s mysterious origins and the spell it casts. ‘Salt’ (Aug. 31)Angelina Jolie fronted her fair share of action movies, but she never really seemed to find the right vehicle for her particular talents. operative, or both, or something else entirely — Jolie lands on the perfect role for her distinctive blend of butt-kicking athleticism, sensuality and intelligence.

Persons: ’, Brian Helgeland, ”, Ledger, Sossamon, stealer Rufus Sewell —, Tina Fey, Rosalind Wiseman, Fey dramatizes, Cady, Lindsay Lohan, Mark Waters, Lohan, Fey, Ana Gasteyer, Tim Meadows, Amy Poehler, Lizzy Caplan, Rachel McAdams, Amanda Seyfried, Oren Peli, Hideo Nakata’s, Gore, Naomi Watts, Angelina Jolie, Evelyn Salt, Jolie, Phillip Noyce Organizations: Business, Bees Locations: Helgeland, That’s, Russian

☆ Cardi B threw her microphone at a concertgoer who tossed drink at her while performing on stage
▼ + stars: | 2023-07-30 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Audience members at concerts in recent months have continued a pattern of throwing objects at artists who are on stage performing, and rapper Cardi B has had enough. In the clip, Cardi B is seen getting splashed with liquid from the cup while performing her 2018 hit “Bodak Yellow.” Clearly upset, she reacted immediately by throwing her microphone into the crowd as security guards rushed to the stage. In another video posted to TikTok on Saturday, Cardi B is seen throwing her microphone at a DJ who appeared to cut off her song early during a performance at Drai’s Nightclub on Friday. CNN has reached out to a representative for Cardi B for comment. Last week, Monica jumped off the stage after witnessing someone allegedly assault a female audience member in the crowd at her Detroit show.

Persons: Cardi, Drake, Kelsea Ballerini, Harry Styles, Bebe Rexha –, Monica, Miranda Lambert, CNN’s Abby Phillip, ” “ Organizations: CNN, WAP, Drai’s Beach, Cardi Locations: Las Vegas, Detroit

☆ Katie Ledecky overtakes Michael Phelps for most individual world titles
▼ + stars: | 2023-07-29 | by ( Wayne Sterling | ) edition.cnn.com time to read: +1 min

CNN —US superstar swimmer Katie Ledecky surpassed Michael Phelps for most career individual world swimming titles on Saturday after winning her 16th gold medal. Ledecky also became the first-ever swimmer to win six consecutive world championships in the same event. The 26-year-old earned her 16th world title after winning the 800-meter freestyle in a time of 8:08.87 at the 2023 World Aquatic Championships in Fukuoka, Japan. Ledecky won the women's 800m freestyle with ease. I’m really pleased with how the week went.”On Tuesday, Ledecky tied Phelps when she dominated the 1,500-meter freestyle for her fifth world title in that event.

Persons: Katie Ledecky, Michael Phelps, Ledecky, Li Bingjie, David J, Phillip, “, I’m, Phelps Organizations: CNN Locations: Fukuoka, Japan, China

☆ A Shoe Entrepreneur’s Globally Inspired Barbecue
▼ + stars: | 2023-07-26 | by ( Catherine Hong | ) www.nytimes.com time to read: +2 min

“He had told me it would be just ‘a few friends coming over,’” Pamela Bell, the generous neighbor with the townhouse, recalled recently. - Three Easy Summer Dishes: The French chef Yann Nury elevates classic seasonal recipes with fresh flavor combinations and a few luxurious additions. - A Lebanese Feast in Amsterdam: In a traditional Dutch canal house, a creative strategist organizes a dinner party to introduce a new collection inspired by her mother’s homeland. - Host Gift Guide: What T’s editors and contributors are bringing to thank their hosts this summer, including surreal serving spoons and cozy quilts. In the shady backyard, Ashmore planted native ferns and bayberry bushes and installed a gravel patio with a fire pit.

Persons: Mickey Ashmore, “, ’, Pamela Bell, Yann Nury, Ashmore —, San Francisco —, Ashmore, Ishtiaq Rafiuddin, Eames, Phillip Vigil Organizations: Credit, San, New Locations: Sabah, Istanbul, Ibiza, Long, French, Amsterdam, New York, London, Dallas, East Hampton’s Springs, Detroit, New Mexican

☆ ‘Get Down’ From the Car. ‘Make’ the Line. Is Miami English a Dialect?
▼ + stars: | 2023-07-26 | by ( Patricia Mazzei | More About Patricia Mazzei | ) www.nytimes.com time to read: +1 min

The stereotype of how many Miamians speak involves a sing-songy rhythm with a heavy-sounding “L” and a generous sprinkling of Spanglish. But what if the conversational language of South Florida were more than a lively accent? What if it were a distinct regional dialect of American English? Miami English, he calls it. “This is probably the most important bilingual situation in the Americas today,” Dr. Carter said.

Persons: Phillip M, Carter, Dr Organizations: Florida International University, Miami Locations: South Florida, Americas, Miami, Spanish, New York, American

☆ Fox News' Greg Gutfeld is facing new backlash — this time over his comment about Holocaust victims' work skills
▼ + stars: | 2023-07-26 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +4 min

Fox News is facing fresh backlash after one of its hosts made comments about concentration camp victims' work skills. Greg Gutfeld said that those in the work camps with skills survived during the Holocaust — a clear simplification. "Being skilled or useful did not spare them from the horrors of the gas chambers," the Auschwitz memorial said in response. Fox News is facing a slew of backlash after one of its primetime hosts suggested that Holocaust survivors who had work skills survived in concentration camps. "We should avoid such oversimplifications in talking about this complex tragic story," the Auschwitz Memorial concluded.

Persons: Greg Gutfeld, Viktor Frankl, Gutfeld, Gutfeld's, —, Andrew Bates, Abby Phillip, Michael Bornstein, Bornstein Organizations: Fox, Morning, Fox News, CNN Locations: Nazi Germany, Auschwitz, Ukraine

☆ TikTok takes on Spotify, Apple Music as it expands into music streaming
▼ + stars: | 2023-07-25 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

Some market shareThe music streaming market is currently dominated by Swedish giant Spotify and Apple Music. Spotify commands almost 31% of the global streaming market with Apple Music following with 13.7%, according to the International Music Summit Business Report 2023. But Cirisano said that heavy TikTok users could convert into TikTok Music users if they are using other services such as Spotify. Still, Woo of Phillip Securities Research said TikTok Music presents a "low risk" for Spotify and Apple Music. Spotify and Apple Music did not respond to CNBC's requests for comment.

Persons: TikTok, Tolga Akmen, Jonathan Woo, Ole Obermann, Tatiana Cirisano, Cirisano, Woo Organizations: Afp, Getty, Spotify, Apple Music, Phillip Securities Research, YouTube, MIDiA Research, CNBC, MiDIA, Apple, International Music Summit, TikTok Locations: TikTok, Indonesia, Brazil, U.S, Australia, Canada, Germany, France, Sweden, South Korea, Swedish

☆ 'All roads lead to TSMC' for AI chip manufacturing
▼ + stars: | 2023-07-24 | 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 Email'All roads lead to TSMC' for AI chip manufacturing, but it's still a small part of the businessPhillip Wool of Rayliant Global Advisors says it will take time for AI chip manufacturing to become a meaningful part of TSMC's overall business.

Persons: it's, Phillip Wool Organizations: Rayliant Global Advisors

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