Author: arthursheikin@gmail.com

[ad_1] CNN  —  Leonard Lauder, the eldest son of cosmetics pioneers Estée and Joseph H. Lauder and the former head of cosmetics giant Estée Lauder Companies, died on Saturday, according to an announcement by the company. He was 92. “Throughout his life, my father worked tirelessly to build and transform the beauty industry, pioneering many of the innovations, trends, and best practices that are foundational to the industry today,” Leonard’s son William P. Lauder, who serves as chairman of the company’s board of directors, said in the statement. Born to a Jewish family in New York City, Leonard Lauder as…

[ad_1] While a small group of technology stocks have mostly pushed the QQQ Nasdaq-100 ETF near an all-time high this year, analysts believe a more varied mix of stocks might do the heavy liting from here on out. The Invesco QQQ Trust tracks the performance of the technology-dominated Nasdaq-100 index, and those have been the stocks that have driven it to within 1% of its all-time high of $539.52, reached on Feb. 19, 2025. Take Palantir Technologies ; up 87%. Or Zscaler ; higher by 69%. While Micron Technology has jumped 42% this year and Netflix by 38%. But now…

[ad_1] Josh Brown, CEO of Ritholtz Wealth Management, said Tuesday the stock market is being dictated by two factors — the artificial intelligence investing theme and the strength of the U.S. consumer — and both are in solid place right now. “If you understand that the AI story and the U.S. consumer are the only things that matter, you could stop wasting your time reading a lot of other data and focusing on a lot of other reports,” Brown said on CNBC’s ” Halftime Report .” His comment came after data showed consumer spending retreated more than expected in May.…

[ad_1] Intel will begin a new round of layoffs next month. The semiconductor giant plans to lay off 15% to 20% of workers in its Intel Foundry division starting in July, according to an internal memo originally reported on by The Oregonian. Intel Foundry designs, manufactures, and packages semiconductors for external clients. It’s unclear how many workers this will directly impact. Intel’s total workforce was 108,900 people as of December 2024, according to the company’s annual regulatory filing. TechCrunch reached out to Intel for more information. This news is not a particular shock. Since Intel’s CEO Lip-Bu Tan took the…

[ad_1] The European Commission has proposed overhauling EU debt securitisation rules that were put in place in the wake of the 2008 global financial crisis, in an effort to free up bank capital and encourage lending.The commission on Tuesday put forward plans for lowering capital charges for banks holding securitised assets and cutting red tape for investors and issuers. The measures form part of Brussels’ broader push to integrate the EU’s capital markets, which is seen as critical to boosting the continent’s flagging economic competitiveness.Political will for a revision of the bloc’s prudential framework, viewed by many in the market…

[ad_1] CNN  —  Internet and cable provider Spectrum has reported outages in Los Angeles are “caused by a criminal act of vandalism,” according to a company post Sunday on X. The most common user issues have been total blackouts, landline and internet problems, and no signal. The outage has affected neighborhoods surrounding Los Angeles, such as North Hollywood, as well as in the Orange County cities of Anaheim and Santa Ana. More than 25,000 Spectrum users in the Los Angeles area reported issues on DownDetector.com, which tracks outages. Users self-report to DownDetector, so it may not represent the full scale…

[ad_1] New York CNN  —  TikTok just got another lifeline from the White House, with President Donald Trump set to delay enforcement of the sale-or-ban law by another 90 days. “President Trump will sign an additional Executive Order this week to keep TikTok up and running,” Karoline Leavitt, White House press secretary, said in a statement. “As he has said many times, President Trump does not want TikTok to go dark. This extension will last 90 days, which the Administration will spend working to ensure this deal is closed so that the American people can continue to use TikTok with…

[ad_1] This article is part of “Build IT: Connectivity,” a series about tech powering better business.Viome is aiming to transform disease detection, starting with the gut.The Washington-based biotech startup offers at-home testing kits that analyze saliva, stool, and blood samples. Using RNA analysis, scientists at Viome can evaluate how genes and gut microbes are behaving in real time.Once the tests are done, AI is applied to the results to generate personalized food and supplement recommendations. Users might be told to avoid spinach to reduce inflammation or take specific probiotics to support digestion and immunity.So far, the company said it has…

[ad_1] For all the attention AI gets, some entertainment industry veterans think it’s still under-discussed — and underestimated.”We’re in the first inning of generative AI. It’s going to explode — absolutely explode — and people do not see it coming,” said Bill Abbott, the CEO of Great American Media, which showcases family-friendly and faith-based movies.But how are media companies already using AI? Business Insider recently heard from 11 media and entertainment leaders about how they’ve already implemented AI — and the breakthroughs they think it could deliver soon.Execs from companies like A+E Global Media and YouTube shared how AI can…

[ad_1] Anysphere launched a new $200-a-month subscription plan for its popular AI coding tool, Cursor, the company announced in a blog post on Monday. The new plan, Ultra, offers users 20x more usage on AI models from OpenAI, Anthropic, Google DeepMind, and xAI compared to the company’s $20-a-month subscription plan, Pro. Anysphere also says Cursor users on the Ultra plan will get priority access to new features. Anysphere CEO Michael Truell said in the blog that the Ultra plan was made possible through multi-year partnerships with AI model providers. In the last several months, OpenAI, Anthropic, and Google DeepMind have…