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[ad_1] CNN  —  Venice, Italy, can expect to reap a $1.1 billion reward from Jeff Bezos and Lauren Sanchez’s controversial, star-studded wedding, according to Italy’s Tourism Ministry. The ministry said Friday that the event, which has been met with fierce pushback from some Venetians, could provide a boost of almost 68% of the city’s annual tourism turnover. The three-day wedding, reportedly costing up to $55 million, has kept Venice hotels and other businesses busy. Despite the economic boost, protesters have rallied against the nuptials of Bezos, the founder of Amazon and the third richest person in the world, and Lauren…

[ad_1] Billionaire investor Ron Baron said he’s holding on to his position in Elon Musk ‘s SpaceX for the rest of his life. “I think that we’re going to hold that for another probably 10 years in SpaceX at least,” Baron told attendees at the Morningstar Investment Conference in Chicago. “And I don’t think, in SpaceX, I’ll ever sell a share in my lifetime.” The conviction of the Baron Capital chair and CEO in SpaceX comes largely from the extraordinary growth the privately held space exploration company has seen since Baron’s original investment in 2017. Baron, who’s invested roughly $1…

[ad_1] Anita Clemons Swanagan was forced into early retirement at 55 after developing a brain tumor and having several strokes. The medical bills piled up for the expenses that her health insurance would not cover.At one point, she had over $100,000 in medical debt. She said she’d paid most of it off, but doing so drained most of her savings.”Right now, I live totally on what I receive from disability,” Swanagan said at the time of her interview with Business Insider in late 2024, adding, “I wouldn’t consider myself financially stable.” Are you an older American comfortable sharing your retirement…

[ad_1] Researchers just uncovered a massive trove of 16 billion stolen and leaked login credentials, potentially exposing accounts on platforms like Apple, Gmail, and Facebook to cybercriminals.That’s the bad news.The good news? Google offers a free dark web report that scans for compromised data — and now might be a good time to check it.The feature helps you track whether your personal details, such as your name, address, phone number, and email, have been leaked in online data breaches.The report used to require a Google One membership, but it’s been offered for free as of last July. The tool is…

[ad_1] The recent rally in shares of JPMorgan and Bank of America may soon reverse, according to Baird. Analyst David George downgraded JPMorgan to underperform and Bank of America to neutral, citing a less attractive risk-reward outlook. His $235 12-month price target for JPMorgan implies more than 18% downside from Thursday’s close, while the $52 target on Bank of America results in more than 9% potential upside. “We understand the optimism around mega cap banks here – benefits from deregulation, solid capital positions, capital markets are opening up and JPM is the gold standard in the group,” he wrote in…

[ad_1] CNN  —  The Danish government is planning to tackle the issue of AI-generated deepfakes by granting citizens property rights over their likeness and voice. The proposed legislation would mean that people who find that their features have been used to create a deepfake would have the right to ask the platforms that host the content to take it down, Danish Culture Minister Jakob Engel-Schmidt told CNN on Friday. Engel-Schmidt believes that “technology has outpaced legislation” and the proposed law would help to protect artists, public figures and ordinary people from digital identity theft, which he said is now possible…

[ad_1] Here are Friday’s biggest calls on Wall Street: Rothschild & Co. Redburn upgrades Boeing to buy from neutral The firm said “things seem to be taking a more positive turn for Boeing and the company appears healthier.” “We upgrade the stock to Buy (from Neutral) given the upside suggested by our new target price of $275 per share (versus $180 previously).” Canaccord downgrades Uber to hold from buy After a change in analyst coverage, the firm downgraded both stocks on concerns about autonomous vehicles. “The future could be bright: value added in the AV world through hybrid human-robot networks,…

[ad_1] A German data protection official has reported Chinese AI app DeepSeek to Apple and Google, saying the app transfers users’ information to China illegally. Meike Kamp, Berlin’s Commissioner for data protection and freedom of information, told the companies that DeepSeek did not provide “convincing evidence” that users’ data was protected as required by EU laws. “Chinese authorities have far-reaching access rights to personal data within the sphere of influence of Chinese companies,” Kamp said, adding that the two tech firms must now review the report and decide whether to remove the app. Kamp said that her office had asked…

[ad_1] 2025-06-27T12:05:01Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Peter Thiel said there would be “total stagnation” in technological advances without AI. The billionaire investor told the “Interesting Times” podcast that there was nothing else “going on” in tech. Thiel wants to see more risk-taking in areas like travelling to Mars or curing dementia. Billionaire investor Peter Thiel has said…

[ad_1] The ramp up in artificial intelligence may send shares of Alphabet higher in the coming months, according to Citizens. The investment firm upgraded the “Magnificent Seven” name to market outperform from market perform and set its price target at $220, implying nearly 27% upside from Thursday’s close. “We believe AI is a net tailwind, with ChatGPT’s impact too small today to move enough queries away from Google to materially impact results, while AI is expanding the search opportunity by answering a broader array of queries and extending monetization as AI better infers user intent,” analyst Andrew Boone wrote in…