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The tech journalist Taylor Lorenz is going solo and launching her own Substack publication. AdvertisementThe tech journalist Taylor Lorenz is going full creator mode, launching her own Substack publication called User Mag. "We are grateful for the work Taylor has produced at The Washington Post," a Post spokesperson said in a statement. I think Substack is doing a lot more in terms of multimedia. So there's people like that, that I'm really going to miss having access to their minds on a daily basis.
Persons: Taylor Lorenz, Lorenz, , Vox, Joe Biden, Taylor, Eric Newcomer, Simon Owens, Matthew Yglesias, Yglesias, Peter Kafka, Seibel, He's, Mark, that's, Johnny Harris, Cleo Abram, Ryan Broderick, There's, J Aubrey, Mina Le, Hasan Piker, Kate Lindsay, I'm, Substack, haven't, Zoe Jensen, Drew Harwell, Drew, You've, Tucker Carlson, I'd, I've Organizations: Washington, BI, Service, The New York Times, Washington Post, YouTube, Fox News, The Washington, Post, Garbage, Vox, Business Locations: Substack livestreaming
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI closes mega-funding round at $157 billion valuation: Here's what to knowCNBC’s Kate Rooney and Semafor business and finance editor Liz Hoffman join 'Squawk Box' to discuss the latest news from OpenAI.
Persons: CNBC’s Kate Rooney, Liz Hoffman Locations: OpenAI
The award-winning reporter is renowned for his investigations exposing corruption, environmental destruction and human trafficking in a country that heavily restricts press freedom. In 2023, Mech Dara won the US State Department’s TIP Hero Award for his work uncovering the multi-billion-dollar illegal scam center industry in Cambodia. Cambodia is ranked 151 out of 180 countries on Reporters Without Borders’ 2024 World Press Freedom Index. As a freelancer, Mech Dara worked for several local and international media outlets including Voice of Democracy, which was forced to close last year. At the time, Mech Dara told CNN: “We fought for the truth.
Persons: Dara, , LICADHO, Mech Dara, Antony Blinken, Mech, Dara “, , Clampdown, Hun Sen, Hun Manet, Cambodia’s, Kate Schuetze Organizations: CNN, Cambodian, Court, Mech, US, Department’s, Embassy, USAID, USAID Cambodia Counter, European Union, US State Department, United Nations, US Institute of Peace, UN, Cambodia Rights, of Democracy, Amnesty International Locations: Cambodian, Phnom Penh, Cambodia, USAID Cambodia, Australia, Southeast Asia, Asia, Myanmar, Laos, Vietnam,
Buffer ETFs, also known as defined-outcome ETFs, use options contracts to offer investors a pre-defined range of outcomes over a set period. As of August 2024, there were 327 buffer ETFs, representing more than $54.8 billion in assets, up from 73 such ETFs and roughly $4.6 billion in August 2020, according to data from Morningstar Direct. For example, a buffer ETF could shield investors from the first 10% of losses while limiting upside returns to 15%. Another downside is the assets have higher fees than traditional ETFs, with 0.8% for the average buffer ETF compared to 0.51% for the average ETF, Armour said. The benefits of buffer ETFs
Persons: Jordi Mora Igual, Bryan Armour, Armour Organizations: North America, Morningstar, Morningstar Direct
Without a doubt, there is no room for compromise when it comes to this essential right that all women possess from birth, individual freedom. What does my body, my choice really mean?” the former first lady said in a video posted on X. Her defense of abortion rights puts her at odds with her husband’s position roughly a month from Election Day. Former President Donald Trump regularly takes credit for overturning Roe v. Wade, which eliminated the constitutional right to an abortion and caused some states to enact strict abortion restrictions. Trump said he would veto a federal abortion ban and that the issue should be left up to the states to legislate.
Persons: Melania Trump, , Donald Trump, Roe, Wade, Trump Organizations: CNN, Guardian
Hard seltzers, spiked seltzers, and their ilk have been marketed as lighter than traditional alcoholic beverages. In the 2010s, the hard seltzers started to pop up, with names like White Claw and Truly, both of which launched in 2016. Advertisement"During the pandemic, hard seltzers really blew up, and I think hard seltzers are one of those ones that were perceived as a little bit of a better-for-you option," said Kaleigh Theriault, an associate director of beverage-alcohol thought leadership at NIQ, a market research firm. The market got saturated, and people started to realize there could be a lot more to canned alcohol than beer and hard seltzers. "So companies are having to innovate more and more, and that has led to some higher-ABV canned cocktails."
Persons: they've, aren't, seltzer, Kaleigh Theriault, that's, NIQ, Chris Budzik, Cayman Jack, there's, Kate Bernot, Bernot, you've, " Theriault, It's, Bud, , Bud Light, Budzik, he'd, Will, Emily Stewart Organizations: Brands, Anheuser, Busch InBev, NIQ, AB InBev, Coca, Modelo, Business Locations: seltzers, Manhattan, NIQ, Pennsylvania, Michigan, Vermont, America
CNN —Nearly two months ago, CNN reached out to Melania Trump’s book publisher to request an interview with the former first lady ahead of her upcoming memoir. After several exchanges about a possible interview, the publisher sent an unusual demand last week: an interview would cost $250,000. Melania Trump’s spokesperson declined comment. Spokespeople for ABC, NBC and CBS declined to comment on whether they received a similar request for payment from Trump’s publisher. But in this case, the Trump campaign hasn’t been involved in Melania Trump’s book rollout.
Persons: Melania, , ” Tony Lyons, , ” Lyons, Melania Trump’s, Donald Trump’s, Melania Trump, Trump, Lyons, Simon, Simon & Schuster, Marc Beckman, CNN –, “ It’s, Kate Anderson Brower, Grace, ” Anita McBride, George W, Bush, ” McBride, I’ve, Ainsley Earhardt, Fox’s Sean Hannity, Trump’s, it’s, Kelly McBride, Craig Newmark, Anita McBride, Casey Anthony, George Stephanopoulos, recusing, ABC’s, McBride, hasn’t, Donald Trump, CNN’s Brian Stelter Organizations: CNN, Skyhorse Publishing, ” CNN, ” Records, NDA, Simon &, American University, Fox News, ABC, NBC, CBS, Guardian, Ethics, The Poynter Institute, ABC News, Wednesday, Washington, Clinton Foundation, Poynter Institute, Trump
“They’re going to make a decision in the presidential race, where they’ll weigh a series of considerations. Sen. Bob Casey, D-Pa., and Republican Senate candidate Dave McCormick. “My view is also that President Trump’s right, that France and Germany should pay their fair share,” he added. ”I don’t give advice to the former president,” McCormick said, adding that Republicans writ large “need to focus on a battle of ideas” rather than personal attacks. Trump’s going to do whatever he wants to do.”
Persons: Democratic Sen, Bob Casey, Dave McCormick, Kamala Harris, Donald Trump, Casey, McCormick, Harris, , ” Casey, “ They’re, They’re, , Seth Klein, isn't, “ I’m, I’m, ” Klein, Sen, Trump, Mehmet Oz, He’s, “ I’ve, I’ve, ” McCormick, ” Trump, Trump’s, ” I’m, Trump’s Butler, nominee’s, I’ll, it’s, Harris “, ” Bradley Flenory, ” Flenory, Trump’s Trump Organizations: Democratic, White, Senate, NBC News, University of Pittsburgh, Democratic Party, Republican, Getty, Wall Street Republican, Pennsylvania, GOP, Republicans, Trump, United States Congress, Catholic Locations: HARRISBURG, Pa, Pennsylvania, Ohio , Montana, Arizona, Pittsburgh, Erie, California , New York, Ukraine, . Pennsylvania, Ukrainian, France, Germany, China, Frackville
OpenAI closes $6.6 billion funding round
  + stars: | 2024-10-02 | 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 EmailOpenAI closes $6.6 billion funding roundCNBC's Kate Rooney, joins 'Closing Bell' to report on OpenAI closing its final round of funding.
Persons: Kate Rooney
That turned out to be a very good decision: Yglesias says Slow Boring is grossing around $1.4 million a year, with limited overhead. Substack gives writers like Yglesias — and now, Taylor Lorenz — a lot of freedom and the ability to make a lot of money. Now, she's off to work on her own via User Mag, a new Substack publication she's launching this week. The Substack was an immediate success, and within a few months, Yglesias had 9,800 subscribers, paying him around $80 a year. Yglesias says he now has nearly 18,000 subscribers, which means he is likely grossing at least $1.4 million a year.
Persons: Matthew Yglesias, Yglesias, Taylor Lorenz, , Lorenz, Harris, Vox, Ezra, doesn't, Substack, Kate Crawford, I've, Bari Weiss, Weiss, Kate, Crawford, that's, LaCroix, Matt, you've Organizations: Vox, Service, The New York Times, Washington Post, Democratic, Trump, who's, Republican, Netflix, Newsweek Locations: who's, Los Angeles, Vox.com
As year-end approaches, you may be eyeing Roth individual retirement account conversions. The strategy, however, boosts your income, which can have other tax consequences, experts say. Roth conversions shift pretax or nondeductible IRA funds to a Roth IRA, which provides future tax-free growth. Otherwise, you could lose eligibility for certain tax breaks or unexpectedly trigger tax hikes. Here are a couple of other major tax issues to watch, experts say.
Persons: eyeing Roth, Roth, JoAnn May, Helene Organizations: Roth IRA, Asset Management, Finance, Social Locations: Riverside , Illinois
Former Prime Minister Boris Johnson wrote in his memoir that Queen Elizabeth II had bone cancer. AdvertisementAfter Queen Elizabeth died on September 8, 2022, her official cause of death was listed as old age. Queen Elizabeth II's father died of lung cancer, which Harris said George himself may not have seen coming. "Both Queen Elizabeth II and Prince Philip always wanted the headlines to be focused on the work of the monarchy rather than their individual health conditions," Harris said. Queen Elizabeth and Prince Philip were both private about their health.
Persons: Boris Johnson, Queen Elizabeth II, King Charles III, , Elizabeth, Johnson, Edward Young, wasn't, Gyles Brandreth, Buckingham, Carolyn Harris, King George VI's, Queen Elizabeth II's, Harris, George, Prince Philip, King George VI, Princess Elizabeth, Lisa Sheridan, Lisa, Kristen Meinzer, Queen Elizabeth, Tim Graham, Philip, Liz Truss, Meinzer, David Cameron, Charles, Kate Middleton, Princess, Wales, King Charles, Samir Hussein, King Charles III's, Prince of Wales, Jonathan Dimbleby, Kate, it's Organizations: Service, The Daily, Business, Getty Locations: Balmoral, Scotland
Meeting the Future of Media
  + stars: | 2024-10-02 | by ( Kate Rooney | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeeting the Future of MediaAI tools are helping companies create better content and reach more customers as technology continues to evolve at a breakneck pace. MNTN President & CEO Mark Douglas and Runway Co-founder & CEO Cristóbal Valenzuela join us to talk about how AI is changing the media landscape and what they see as the most important developments that will help business leaders stay ahead of the curve.
Persons: Mark Douglas, Cristóbal Valenzuela Organizations: Media, Runway
OpenAI raises $6.6 billion in latest funding round
  + stars: | 2024-10-02 | 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 EmailOpenAI raises $6.6 billion in latest funding roundCNBC's Kate Rooney joins 'The Exchange' to report on OpenAI's announcement of a $6.6 billion fundraising round.
Persons: Kate Rooney
AI's Open-Source Future
  + stars: | 2024-10-02 | by ( Kate Rooney | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI's Open-Source FutureHugging Face, a hub for advanced AI models, has quickly become one of tech's hottest startups, thanks to growing enterprise interest in open-source AI platforms. With a $4.5B valuation, and marquee investors including Nvidia and Google, Hugging Face Co-Founder and CEO Clem Delangue explains why he passionately believes in AI democracy and how he's pulling down the guardrails of proprietary technology so anyone, anywhere, can get the data they need.
Persons: Clem Delangue Organizations: Nvidia, Google
A dockworkers strike begins. Back in the States, a dockworkers strike could upend an economy finally on the mend. Tuesday morning marked the start of a dockworkers strike that will shutter dozens of US ports that handle about half of all US ocean imports. The Iranian attack was largely thwarted, and the dockworkers strike could be short-lived. That's thanks in part to strong demand in China.
Persons: , JD Vance, Tim Walz, BI's Brent D, Griffiths, Amir Cohen, Hurricane Helene, it's, Tyler, Paul Podolsky, Kate Capital, Samantha Lee Musk, Jenny Chang, Rodriguez Hey Airbnb, Gen Z, somethings, Critics —, Amazon's, Nicholas Bloom, Eric Adams, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Midwest Nice, REUTERS, US Navy, Bank of America, Northwestern Energy, Bridgewater Associates, Samantha Lee Musk &, mojo, DOJ, Google, BI, Amazon, Stanford, New York City Locations: Israel, Iran, Saudi Arabia, States, Bridgewater, China, Yale, New York, London
Goldie Hawn, 78, credits good sex as the secret to her long relationship with Kurt Russell. The benefits of sex go beyond relationships: It has been proven to reduce stress and even boost immunity. "You have to have good sex," Hawn, 78, told E! Their blended family also includes Boston Russell, whom Russell welcomed with ex-wife Season Hubley, and Oliver Hudson and Kate Hudson from Hawn's previous relationship with Bill Hudson. AdvertisementReflecting on the decades she spent with Russell, Hawn says it's normal for them to not always have the same perspective on things.
Persons: Goldie Hawn, Kurt Russell, , Hawn, Russell, it's, Wyatt Russell, Boston Russell, Hubley, Oliver Hudson, Kate Hudson, Bill Hudson, Stefani Goerlich, I've, Goerlich Organizations: Service, Disney, Boston, Business Locations: Hawn's
Paul Podolsky's Kate Capital is set to start trading on November 1 with roughly $200 million. The manager will be a discretionary global macro fund with 50 to 60 positions at a time. The person close to Kate Capital told BI that it will be a discretionary global macro fund, as opposed to Bridgewater, which invests more systematically. And, like Dalio, Podolsky plans to share his thoughts on the world as he invests. He plans to continue writing when the firm launches, the person close to the firm said.
Persons: Paul, Kate Capital, Tom Bachner, , Paul Podolsky, Podolsky, Ray Dalio, Kate, He's, FBI James Comey, Dalio Organizations: Mudrick, Service, Business, Mudrick Capital, Kate Capital, Industry, New, New Holland Capital, FBI Locations: Bridgewater, Russia, Soviet Union, China, New Holland
If you're bracing for year-end mutual fund distributions, swapping assets for exchange-traded funds could sidestep the capital gains payout for 2024 and beyond. Some mutual funds distribute yearly capital gains to shareholders, typically in November and December. By comparison, most ETFs don't have an annual payout, which helps reduce ongoing taxes. Typically, investors incur capital gains when trading profitable mutual funds for ETFs in a brokerage account. Depending on their income, certain investors can "capital gain harvest" — strategically selling profitable assets while in a lower tax bracket — to swap mutual funds for ETFs, said Tommy Lucas, a certified financial planner and enrolled agent at Moisand Fitzgerald Tamayo in Orlando, Florida.
Persons: Tommy Lucas, Moisand Fitzgerald Tamayo Locations: Orlando , Florida
Our day care fee was the same whether we sent them or whether we took vacation. My office was closed for a week, but their day care was open, I chose to send them and relax. Our day care facility charged a monthly fee that stayed the same every month, even if we chose to keep the kids out of day care for family vacations or other activities. AdvertisementI chose to send them to day care, and it was just what I needed to recharge. Sending my kids to day care while I was off work was good for all of usHaving the week off of work while my kids went to day care let me rest and recharge after the travel days.
Persons: , Dad Organizations: Service Locations: California
Richard Branson, the billionaire founder of Virgin Group, has turned his money and focus toward a very personal new project: DyslexicU, the first free online university for dyslexic thinkers. Branson said that while he wasn’t interested in school subjects such as geometry and applied mathematics, dyslexia helped him focus on his strengths. “If you’re a dyslexic person, you can go on and take one of the courses and learn more about how incredibly successful dyslexic people have used their dyslexic thinking to turbocharge their careers,” Branson’s co-founder Kate Griggs told NBC News. Whereas schools should be places to go and find out what’s going on in the world,” Branson said. “Find out one thing that really interests them and let them put their energy behind that,” Branson said.
Persons: Richard Branson, Branson, , , I’ve, Kate Griggs, Olga Fedorova, ” Branson, Muhammad Ali, Steve Jobs, Pablo Picasso, ” Branson’s, you’re, who’ve Organizations: Virgin Group, NBC News, University of Life, Virgin, Branson, Locations: blackboards
CNN —Donald Trump on Sunday repeated his personal insults about Vice President Kamala Harris’ mental state as some GOP allies urged him to stay on message and avoid such attacks after he made similar remarks at a rally the night before. I’m saying your party, your policies, are batsh*t crazy,” Graham added of Harris after attacking her record on the border. Larry Hogan, an outspoken Trump critic who has rejected the former president’s endorsement in his Senate race, pushed back on Trump’s attacks on Harris. Asked about Trump’s recent line of attack on Harris, Steven Cheung, communications director for the Trump campaign, told CNN in a statement that “Kamala Harris is wholly unfit to serve as president” and went on to attack her record on immigration. CNN has reached out to Harris’ campaign about Trump’s most recent comments.
Persons: Donald Trump, Kamala Harris, “ Joe Biden, “ Kamala, Harris, Biden, Trump, could’ve, Republican Sen, Lindsey Graham, CNN’s Jake Tapper, , “ I’m, ” Graham, Tom Emmer, Tim Walz, Ohio Sen, JD Vance, ABC’s, Harris “, ABC’s Martha Raddatz, ” Emmer, , Larry Hogan, ” “ I’ve, Hogan, who’s, Kevin McCarthy, CNN’s Manu Raju, Harris ’, Steven Cheung, “ Kamala Harris, Sarafina, “ Donald Trump, He’s, , ” CNN’s Sarah Davis, Aileen Graef, Kate Sullivan, Jeff Zeleny, Ali, Rashard Rose, Daniel Dale Organizations: CNN, GOP, Saturday, Republican, Trump, South Carolina Republican, Minnesota Gov, America, Maryland Gov, CBS, California Republican Locations: Erie , Pennsylvania, Prairie du Chien , Wisconsin, “ State, Ohio, Maryland, California
Lana Del Rey married Jeremy Dufrene, a Louisiana swamp tour guide, on September 26. AdvertisementPhotos of the event show that Del Rey, 39, was accompanied by her father, Robert Grant. Representatives for Del Rey did not immediately respond to a request for comment and confirmation from Business Insider, which was sent outside regular working hours. AdvertisementHere's everything we know about Dufrene and his whirlwind romance with Del Rey. Dufrene was previously married and has three children, reports sayWhile their wedding marks Del Rey's first marriage, it is Dufrene's second.
Persons: Lana Del Rey, Jeremy Dufrene, , Elizabeth Grant —, Jeremy, Del Rey, Robert Grant, Dufrene, Arthur, Jeremy lemme, Lana, It's, Glen Powell, Powell, Emma Roberts, Kate Hudson, Del Rey's, Gina, Evan Winiker, Range Media Partners Dufrene, Lee Foster, Dufrene's Organizations: Service, Mail, Business, Facebook, Craigslist, Range Media Partners, Music, Dufrene, Reading Festival, Lady Studios Locations: Louisiana, Louisana, Des Allemands , Louisiana, Gulf Shores , Alabama
OpenAI CFO Sarah Friar emailed investors the day after three top execs suddenly left, per CNBC. Friar sought to soothe investor worries, saying the firm is still "laser-focused" on AI that can bring them returns. AdvertisementOpenAI's chief financial officer, Sarah Friar, is trying to assure investors that the company is still in good hands despite the sudden exit of three top executives, according to an email reported by CNBC. The outlet's Kate Rooney cited an email from Friar to OpenAI investors on Thursday night, a day after the firm saw the departure of its chief technology officer, Mira Murati. Murati, McGrew, and Zoph left OpenAI just a month after other top leaders stepped away from the company in August.
Persons: Sarah Friar, execs, Friar, OpenAI, , Kate Rooney, Mira Murati, Barret Zoph, Bob McGrew, helming Nextdoor, nix, Sam Altman, Zoph Organizations: CNBC, Service, Research, Post, Bloomberg, Business Insider Locations: OpenAI
Paris Fashion Week: The best celebrity looks
  + stars: | 2024-09-27 | by ( Leah Dolan | ) edition.cnn.com   time to read: +2 min
Pascal Le Segretain/Getty ImagesKylie Jenner at Schiaparelli. Neil Mockford/GC Images/Getty ImagesRob Lowe. Pascal Le Segretain/Getty ImagesNicole Richie at Saint Laurent. Pascal Le Segretain/Getty ImagesGwyneth Paltrow. Neil Mockford/GC Images/Getty Images
Persons: Kendall Jenner, Bella Hadid, Miu Miu, Louis Vuitton, Here’s who’s, Daniel Craig, Rachel Weisz, Loewe, Stephane Cardinale, Corbis, Kloss, Jacopo Raule, Jeff Goldblum, Emilie Livingston, Pascal Le Segretain, Kylie Jenner, Scott A, Willow Smith, Lila Moss, Neil Mockford, Rob Lowe, Sienna Miller, Laurent Vu, Bauer, Griffin, Anya Taylor, Joy, Natalie Portman, Christian Dior, Swan, Lauren Hutton, Saint Laurent, Marechal Aurore, Cyril Pecquenard, USA Cole Sprouse, Kelly Rutherford, Abdul Saboor, Jennifer Garner, Kate Moss, Zoë Kravitz, Saint, Aitor Rosas Sune, WWD, Juliette Lewis, Nicole Richie, Gwyneth Paltrow Organizations: CNN, Paris, Callaway, Balmain, Getty, Christian, Abaca, Dior, Saint Locations: Schiaparelli, Chloé, Saint Laurent
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