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		<title>China box office isn&#8217;t Hollywood kingmaker it used to be. Here&#8217;s why</title>
		<link>https://www.ourstoryinsight.com/china-box-office-isnt-hollywood-kingmaker-it-used-to-be-heres-why/</link>
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		<pubDate>Sun, 05 Apr 2026 09:58:13 +0000</pubDate>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=14390</guid>

					<description><![CDATA[<p>Posters of films are on display at a cinema in Shanghai, Aug. 31, 2025. Vcg &#124; Visual China Group &#124; Getty Images Hollywood has lost one of its most lucrative theatrical markets. It&#8217;s unclear if it will ever win it back. The Chinese box office was once a coveted space for American-made movies, so much [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/china-box-office-isnt-hollywood-kingmaker-it-used-to-be-heres-why/">China box office isn&#8217;t Hollywood kingmaker it used to be. Here&#8217;s why</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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										<content:encoded><![CDATA[<p><span class="HighlightShare-hidden" style="top:0;left:0"/></p>
<p>Posters of films are on display at a cinema in Shanghai, Aug. 31, 2025.</p>
<p>Vcg | Visual China Group | Getty Images</p>
<p>Hollywood has lost one of its most lucrative theatrical markets. It&#8217;s unclear if it will ever win it back. </p>
<p>The Chinese box office was once a coveted space for American-made movies, so much so that studios produced films that would appeal directly to this international audience. But in the postpandemic cinema landscape, Hollywood hasn&#8217;t generated the strong ticket sales it once saw for its biggest blockbusters — and a waning relationship with Chinese cinemas is at least partly to blame. </p>
<p>The U.S.-China Film Agreement, struck in 2012 between the two governments, guaranteed 34 U.S. films would be released in China each year. That pact ended in 2017 and was never renewed or renegotiated. At the same time, China began expanding its local film production and instituting blackout dates to promote viewership of its homegrown titles. </p>
<p>Add in strict censorship policies from the China Film Administration and recent political strains between the U.S. and China, and Hollywood films have faced several hurdles just to get distribution in the country post-Covid.</p>
<p>&#8220;I think that the kind of euphoria about the world&#8217;s largest market and thinking about China as a place that always creates a larger market for U.S. [intellectual property] is not accurate,&#8221; said Aynne Kokas, a professor at the University of Virginia and the author of &#8220;Hollywood Made in China.&#8221; </p>
<p>&#8220;[There are] constraints on the market in a couple of ways, first related to content control and not just content control in terms of censorship, but also in terms of control of distribution channels by the party,&#8221; Kokas said. </p>
<p>She said the film bureau will &#8220;turn on and off the levers of distribution based on the needs of the market.&#8221; If local Chinese films are doing well, the country will limit distribution access for foreign films. If there are gaps in film releases or releases aren&#8217;t selling as many tickets, it will open up the market.</p>
<p>In 2019, nine U.S. titles each generated more than $100 million at the Chinese box office, with <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-3">Disney<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> and Marvel Studio&#8217;s &#8220;Avengers: Endgame&#8221; collecting more than $600 million in the region, according to data from Comscore. </p>
<p>In the past five years combined, however, only 10 American films have generated more than $100 million in China, with only two topping $200 million.</p>
<p>The outlier is Disney&#8217;s &#8220;Zootopia 2,&#8221; which tallied a record-breaking $650 million in the country following its 2025 release. </p>
<p>Box office analysts tell CNBC that this feat is likely an anomaly and studios and Wall Street shouldn&#8217;t expect a sudden resurgence of ticket sales for American-made fare in the region even as major franchises launch ahead of the key summer movie season.</p>
<h2 class="ArticleBody-subtitle">Market nuances</h2>
<p>What performs well in the U.S. isn&#8217;t guaranteed to succeed in China, despite the massive audience potential. </p>
<p>&#8220;There&#8217;s not necessarily a one-to-one correlation between popular IP in the U.S. and popular IP in China,&#8221; Kokas said.</p>
<p>In some cases, it&#8217;s a lack of nostalgia on the part of Chinese audiences. Kokas noted that when Star Wars was introduced in the region with the sequel trilogy in 2015, it fell flat because the previous films from the original and prequel trilogies were never released in China, so the later installments didn&#8217;t have the boost of a built-in fanbase. </p>
<p>Distribution experts told CNBC that the Chinese film bureau and audience tend to gravitate toward features that are visual spectacles and apolitical. </p>
<p>Films that have performed well in the region since the pandemic include entries from the Fast &#038; Furious saga, Jurassic World flicks and installments from the Godzilla and King Kong franchises.</p>
<p>Even with the recent lull in ticket sales from Chinese releases, studios aren&#8217;t deterred from launching titles in the region. One distribution expert told CNBC that China remains a major theatrical opportunity for American-made films.</p>
<p><strong>&#8220;</strong>China remains an essential component in any international strategy by U.S.-based studios because there are many hundreds of millions of dollars potentially to be earned there due to an undeniable appetite in the region for the big Hollywood movies,&#8221; said Paul Dergarabedian, head of marketplace trends at Comscore.</p>
<p>Universal&#8217;s &#8220;The Super Mario Galaxy Movie&#8221; is the next U.S. entrant into the country, due in theaters this weekend.</p>
<p>The franchise&#8217;s first film, &#8220;The Super Mario Bros. Movie,&#8221; tallied more than $1.3 billion globally in 2023, but only $25 million of that total came from China. </p>
<p>One distribution expert told CNBC that console games, like Nintendo&#8217;s Super Mario franchise, are not as prevalent in the region, meaning the nostalgia that drove $575 million in domestic ticket sales was not a major factor over in China.  </p>
<p>Meanwhile, in Japan, where Super Mario is a cultural icon, the film generated $102 million.</p>
<p>Still, the Chinese market helps bolster the overall haul of a film and has the potential to cement a breakout hit. So studios are still willing to give titles a theatrical release in the region. </p>
<p>Also on the docket for distribution in China this year is Universal&#8217;s &#8220;Michael,&#8221; <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-5">Warner Bros.&#8217;<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> &#8220;Mortal Kombat II&#8221; and Disney&#8217;s &#8220;The Devil Wears Prada 2.&#8221;</p>
<p>Because of China&#8217;s strict censorship policies, films must be completed and screened by the film bureau before they are considered for distribution. Therefore, the Hollywood slate in China is not set in stone in the same way the domestic movie slate is.</p>
<p>But box office analysts expect titles like Disney and Pixar&#8217;s &#8220;Toy Story 5&#8221; and Warner Bros.&#8217; &#8220;Dune: Part Three,&#8221; as well as Disney and Marvel&#8217;s &#8220;Avengers: Doomsday&#8221; to also land in Chinese theaters this year.</p>
<p>Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/china-box-office-isnt-hollywood-kingmaker-it-used-to-be-heres-why/">China box office isn&#8217;t Hollywood kingmaker it used to be. Here&#8217;s why</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Advisors to rich say AI isn&#8217;t a gamechanger for landing new clients</title>
		<link>https://www.ourstoryinsight.com/advisors-to-rich-say-ai-isnt-a-gamechanger-for-landing-new-clients/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Sun, 25 Jan 2026 04:55:53 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=12678</guid>

					<description><![CDATA[<p>D3sign &#124; Moment &#124; Getty Images A version of this article first appeared in CNBC&#8217;s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Market data firms have been pitching artificial intelligence as the key to locating elusive ultra-high-net-worth clients. But [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/advisors-to-rich-say-ai-isnt-a-gamechanger-for-landing-new-clients/">Advisors to rich say AI isn&#8217;t a gamechanger for landing new clients</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span class="HighlightShare-hidden" style="top:0;left:0" /></p>
<p>D3sign | Moment | Getty Images</p>
<p>A version of this article first appeared in CNBC&#8217;s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.</p>
<p>Market data firms have been pitching artificial intelligence as the key to locating elusive ultra-high-net-worth clients. But leaders at elite advisory firms told Inside Wealth they aren&#8217;t sold. </p>
<p>For starters, while AI products can surface data and contact information on ultra-high-net-worth individuals, that&#8217;s only half the battle. </p>
<p>&#8220;When we&#8217;re looking for clients with north of $100 million, I struggle to think they&#8217;re going to take a cold email and say, &#8216;Yes, here&#8217;s my balance sheet,'&#8221; said Matthew Fleissig, CEO and co-founder of Pathstone, a registered investor advisory with $182 billion in client assets.</p>
<p>Instead, he said referrals come when the company works on a more personal level, like when Pathstone once secured a private jet in under an hour for a client who needed to get from New Orleans to Albany, New York, before their mother died. </p>
<p>&#8220;Those types of things are how we are able to grow the business,&#8221; he said. &#8220;We create moments that matter.&#8221;</p>
<p>Fleissig said AI for client prospecting hasn&#8217;t been the gamechanger that startups purport it to be. </p>
<p>&#8220;These databases have been around forever, and now people have added an AI overlay to be able to mine the database,&#8221; he said. &#8220;Most of the time, it&#8217;s very similar strategies of aggregating data sources that are public or you can pay for, and trying to feed you lists of people. We, at this point, can do that ourselves.&#8221;</p>
<p>A growth executive at a high-end national RIA told Inside Wealth that he had done at least 20 demos of AI client prospecting tools in the past six months and said most are built on widely available large language models like Claude and GPT. </p>
<p>&#8220;You&#8217;re slapping a coat of paint on one of five major LLMs and selling through the fact that &#8216;Oh our info is better,'&#8221; said the executive, who requested anonymity to talk about client acquisition strategies. &#8220;Do I pay them $100,000 or do I talk to my IT team and figure out a way of doing it for cents on the dollar?&#8221;</p>
<p>Andrew Douglass, head of growth at AlTi Tiedemann Global, said there is little competitive advantage to using nonexclusive data. When the independent wealth management firm used to cold call clients from these types of databases, the client usually already had an advisor or had been called by dozens of other firms already, he said.</p>
<p>For the past five years, client referrals and personal networks have made up 40% and 30%, respectively, of AlTi&#8217;s organic growth, he said. Another 30% comes from networking with experts like trusts and estates lawyers and accountants who are likely to be working with clients going through a liquidity event, such as inheriting a fortune or selling a business.</p>
<p>&#8220;Most people go out and say, &#8216;Our minimums are $25 million so whoever has $25 million in liquid assets makes a great client.&#8217; We don&#8217;t think that that is a strategy that ultimately works,&#8221; said Douglass, calling from the Heckerling estate planning conference in Orlando, Florida. &#8220;We think really being looked at in the market as a subject matter expert, consistently showing up to places like Heckerling and where the professional community is and being able to provide value, is the most effective way to grow the business,&#8221;</p>
<p>Word-of-mouth referrals are not inherently scalable and can be slow-going. Douglass said the sales cycle with an ultra-high-net-worth client can take 12 months, if not longer. </p>
<p>However, advisories focused on the ultra-rich like AlTi Global are looking for quality, not quantity, he said. The firm&#8217;s annual target for organic growth is 25 to 30 new clients in the U.S., which could add about $1.5 billion to $2 billion in new assets.  </p>
<h2 class="RelatedContent-header">Get Inside Wealth directly to your inbox</h2>
<p>Eden Ovadia, CEO of AI client prospecting startup Finny, said she is used to encountering skepticism. Ovadia, who co-founded Finny in late 2023, said she views AI prospecting as a complement to traditional outreach rather than a replacement. </p>
<p>She said a popular way for high-end advisors to use Finny is to promote exclusive events to the right audience. For instance, an advisor looking to invite prospects to a suite at a Miami Heat game can use Finny to identify people who work in real estate and are interested in the team. Ovadia also said Finny can be used to identify clients who might need advice after a life transition, such as finding people who recently bought a property worth at least $5 million near Jackson Hole, Wyoming.</p>
<p>&#8220;There&#8217;s definitely a little bit of cynicism we have to get over when we talk to ultra-high-net-worth firms and they&#8217;re, &#8216;No, we don&#8217;t do AI. We want everything to feel really personalized, really white glove,'&#8221; she said. &#8220;I couldn&#8217;t agree more. The idea here is we actually can surface more data about your clients or your prospects than even you know.&#8221;</p>
<p>Finny can also be used to keep an eye on existing clients and monitor for signs they may be unhappy, such as searching for investment advice online, Ovadia said. </p>
<p>Fleissig said he is more excited about customers finding Pathstone through AI platforms like Gemini and ChatGPT. In the past two weeks, he said, Pathstone has received five inbound inquiries from clients worth at least $100 million from AI search engines.</p>
<p>Douglass said while AI hasn&#8217;t changed the way AlTi Global finds new business, he&#8217;s open-minded.</p>
<p>&#8220;If someone has a better mousetrap, we&#8217;re certainly excited about what the market&#8217;s going to look like and bring to bear,&#8221; he said.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/advisors-to-rich-say-ai-isnt-a-gamechanger-for-landing-new-clients/">Advisors to rich say AI isn&#8217;t a gamechanger for landing new clients</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>SEO isn’t dead. But AI chat adoption is faster than most teams realize.</title>
		<link>https://www.ourstoryinsight.com/seo-isnt-dead-but-ai-chat-adoption-is-faster-than-most-teams-realize/</link>
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		<pubDate>Sat, 24 Jan 2026 12:08:09 +0000</pubDate>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=12663</guid>

					<description><![CDATA[<p>If your organic traffic looks flat while impressions stay steady, you’re not imagining it. We’ve seen this pattern across B2B SaaS and ecommerce accounts since late 2023. Rankings hold. Clicks slip. Meanwhile, leadership’s awareness of why competitors appear in ChatGPT responses while your content doesn’t is crucial. That tension is the real story here. SEO [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/seo-isnt-dead-but-ai-chat-adoption-is-faster-than-most-teams-realize/">SEO isn’t dead. But AI chat adoption is faster than most teams realize.</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>If your organic traffic looks flat while impressions stay steady, you’re not imagining it.</p>
<p>We’ve seen this pattern across B2B SaaS and ecommerce accounts since late 2023. Rankings hold. Clicks slip. Meanwhile, leadership’s awareness of why competitors appear in ChatGPT responses while your content doesn’t is crucial. That tension is the real story here. SEO still works, but the way people discover information is changing faster than most marketing teams are planning for.</p>
<p>This isn’t about panic. It’s about timing. And, the teams treating AI visibility as “next year’s problem” are already behind.</p>
<h2><span id="the_uncomfortable_truth_about_search_right_now">The uncomfortable truth about search right now</span></h2>
<p>Google traffic hasn’t vanished. But user behavior has shifted in ways most dashboards don’t make obvious.</p>
<p>When someone asks ChatGPT, Perplexity, or Gemini a question, they often don’t click anything. They get an answer. Sometimes that answer cites sources. Sometimes it doesn’t. Either way, the discovery moment happens upstream from your website.</p>
<p>We see it first in qualitative feedback. Sales calls where prospects reference insights you’ve never published. Customers who clearly researched but never touched your blog. Founders who swear they “saw you somewhere” but can’t remember where.</p>
<p>That “somewhere” is increasingly an AI interface.</p>
<p>SEO teams still measuring success only through rankings and sessions miss this entirely. Clarifying how AI visibility influences traditional metrics like rankings and traffic helps you understand the full scope of changes across the search landscape. The brand impact is real, but the attribution trail is broken.</p>
<h2><span id="why_ai_chat_adoption_matters_more_than_traffic_loss">Why AI chat adoption matters more than traffic loss</span></h2>
<p>Here’s the thing. This shift doesn’t hurt everyone equally.</p>
<p>Strong brands with evident expertise are pulled into AI solutions early. Weak or generic content gets ignored. The gap widens quietly, then suddenly.</p>
<p>We’ve watched companies lose mindshare before they lose traffic. First, they stop being cited. Then competitors become the default answer. Months later, organic clicks drop. By the time it shows up in GA4, it’s already a brand problem.</p>
<p>Which means the right question isn’t “Is SEO dead?” It’s “Are we visible where discovery actually happens now?”</p>
<h2><span id="how_ai_systems_decide_who_gets_cited">How AI systems decide who gets cited</span></h2>
<p>Large language models don’t rank pages the way Google does. They synthesize information from sources they consider authoritative, consistent, and trustworthy.</p>
<p>From what we’ve observed across dozens of accounts, three patterns matter most:</p>
<ul>
<li>Clear topical ownership. Sites that stay narrowly focused outperform broad content farms.</li>
<li>Original insight. Rehashed explainers rarely get cited.</li>
<li>Brand signals beyond your site. Mentions, links,s and reputation elsewhere matter more than most teams realize.</li>
</ul>
<p>This is why some brands with mediocre SEO suddenly appear everywhere in AI tools. They’ve built authority outside traditional search, which should inspire teams to see new avenues for growth and influence.</p>
<h2><span id="why_just_keep_doing_seo_isnt_enough_anymore">Why “just keep doing SEO” isn’t enough anymore</span></h2>
<p>Classic SEO advice still works, but it’s incomplete.</p>
<p>Publishing keyword-targeted posts without a clear point of view doesn’t move the needle in AI systems. Neither does scaling content volume with AI writers and hoping something sticks.</p>
<p>We’ve audited sites with thousands of posts and zero AI visibility. We’ve also seen lean blogs with thirty high-quality articles cited repeatedly.</p>
<p>The difference isn’t technical SEO. It’s a strategy. Integrating AI-focused content into your existing SEO plan, such as creating authoritative guides and building external brand signals, can help you adapt to discovery methods effectively.</p>
<p>AI systems reward clarity over coverage. They prefer fewer, stronger sources over many average ones. That’s a fundamental shift from how SEO teams have been trained to think.</p>
<h2><span id="what_ai_visibility_actually_looks_like_in_practice">What AI visibility actually looks like in practice</span></h2>
<p>Teams doing this well don’t chase every AI tool. They build assets designed to be referenced.</p>
<p>That usually means investing in:</p>
<ul>
<li>Authoritative guides that thoroughly answer a question, not just target a keyword.</li>
<li>Original data, benchmarks, or frameworks that others don’t have.</li>
<li>Clear authorship and expertise signals tied to real people.</li>
<li>Distribution strategies that earn citations, not just clicks.</li>
</ul>
<p>This is why AI visibility looks closer to digital PR than content at scale. It’s about becoming the source, not filling the index.</p>
<h2><span id="the_internal_challenge_no_one_talks_about">The internal challenge no one talks about</span></h2>
<p>Most teams know something is changing. The problem is prioritization.</p>
<p>You’re already juggling paid media volatility, broken attribution, sales pressure, and budget scrutiny. Adding “optimize for ChatGPT” sounds like another shiny object.</p>
<p>The teams that move fastest aren’t the ones chasing hype. They’re the ones reframing AI visibility as a defensive strategy.</p>
<p>If prospects learn from AI before they ever hit your site, you want your perspective baked into that learning phase. Waiting means letting competitors define the narrative for you.</p>
<h2><span id="how_were_advising_teams_to_start">How we’re advising teams to start</span></h2>
<p>Not with tools. With focus.</p>
<p>The most effective first step is to identify where AI-generated answers already influence buying decisions in your category. Pricing questions. Comparison questions. Implementation questions. These show up on sales calls long before they appear in keyword reports.</p>
<p>From there, the work looks like building a modern authority engine. Fewer pieces. More depth. Stronger points of view. And intentional promotion beyond your own channels.</p>
<p>We’ve documented this approach in detail in our core guide on AI visibility, including how to structure content, earn citations, and measure progress even when traffic doesn’t move immediately. Establishing new KPIs beyond traffic and rankings ensures you can track success in this evolving landscape.</p>
<h2><span id="the_bottom_line">The bottom line</span></h2>
<p>SEO isn’t dead. But discovery has fractured.</p>
<p>Teams that treat AI chat as a side experiment will feel the impact later, when it’s more complex and more expensive to catch up. Teams that adapt now build leverage quietly.</p>
<p>The window where this feels optional is closing. The good news is that the playbook rewards quality, clarity, and genuine expertise—things strong teams should be doing anyway.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/seo-isnt-dead-but-ai-chat-adoption-is-faster-than-most-teams-realize/">SEO isn’t dead. But AI chat adoption is faster than most teams realize.</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Outside AI, the market isn&#8217;t looking that hot</title>
		<link>https://www.ourstoryinsight.com/outside-ai-the-market-isnt-looking-that-hot/</link>
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		<pubDate>Tue, 04 Nov 2025 02:10:55 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=10592</guid>

					<description><![CDATA[<p>CFOTO &#124; Future Publishing &#124; Getty Images The &#8220;everything store&#8221; might have secured its biggest customer yet. On Monday, Amazon announced that it had signed a $38 billion deal with OpenAI, offering the ChatGPT maker access to Amazon Web Services&#8217; infrastructure. On the one hand, the move isn&#8217;t too surprising — a continuation of OpenAI&#8217;s spending spree [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/outside-ai-the-market-isnt-looking-that-hot/">Outside AI, the market isn&#8217;t looking that hot</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span class="HighlightShare-hidden" style="top:0;left:0" /></p>
<p>CFOTO | Future Publishing | Getty Images</p>
<p>The &#8220;everything store&#8221; might have secured its biggest customer yet.</p>
<p>On Monday, Amazon announced that it had signed a $38 billion deal with OpenAI, offering the ChatGPT maker access to Amazon Web Services&#8217; infrastructure.</p>
<p>On the one hand, the move isn&#8217;t too surprising — a continuation of OpenAI&#8217;s spending spree as it looks to secure resources to run its power-hungry artificial intelligence models.</p>
<p>On the other, OpenAI&#8217;s turn to <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-3">Amazon<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag" /></span></span></span> shows that the firm is diversifying from its reliance on <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-4">Microsoft<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag" /></span></span></span>, which had been its exclusive cloud services provider until this year. That could suggest OpenAI is getting ready for an initial public offering as it looks to signal &#8220;both independence and operational maturity,&#8221; as CNBC&#8217;s MacKenzie Sigalos writes.</p>
<p>Amazon shares surged on the news to close at a record high. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-6">Nvidia<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag" /></span></span></span> also had a positive day after Microsoft announced it was granted a license by the U.S. government to export the AI darling&#8217;s chips to the United Arab Emirates.</p>
<p>While Big Tech is attracting investor interest, the rest of the market has been rather lackluster.</p>
<p>Even as the <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-7">S&amp;P 500<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag" /></span></span></span> and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-8">Nasdaq Composite<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag" /></span></span></span> rose on the back of the tech behemoths, more than 300 stocks in the broad-based index ended the day lower — a warning sign that only a narrow segment of the market is faring well.</p>
<h2 class="ArticleBody-subtitle">What you need to know today</h2>
<p><strong>Palantir&#8217;s third-quarter results beat estimates. </strong>The company foresees revenue of around $1.33 billion for the current quarter, outstripping the $1.19 billion expected by analysts, according to LSEG. Shares, however, fell 4.3% in extended trading on Monday evening stateside.</p>
<p><strong>OpenAI signs a $38 billion deal with Amazon. </strong>Under the agreement, OpenAI will immediately begin running artificial intelligence processes on Amazon Web Services, harnessing Nvidia&#8217;s AI chips. Amazon shares popped 4% and closed at a record.</p>
<p><strong>Microsoft gets approval to ship Nvidia chips to UAE. </strong>The U.S. Commerce Department license, granted in September, allows Microsoft to ship 60,400 additional A100 chips, involving Nvidia&#8217;s advanced GB300 graphics processing units. Shares of Nvidia rose 2.2%.</p>
<p><strong>U.S. markets mostly rise. </strong>On Monday stateside, the S&amp;P 500 and Nasdaq Composite advanced, boosted by tech shares. The pan-European <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-15">Stoxx 600<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag" /></span></span></span> ended flat. Auto stocks including <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-17">Renault<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag" /></span></span></span> and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-18">Volkswagen<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag" /></span></span></span> rose.</p>
<p><strong>[PRO] Growing risks to global equities. </strong>European stock markets hit highs last week. But there are several factors that might derail this upward trajectory, analysts say.</p>
<h2 class="ArticleBody-subtitle">And finally&#8230;</h2>
<p>U.S. President Donald Trump meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025.</p>
<p>Jim Watson | Afp | Getty Images</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/outside-ai-the-market-isnt-looking-that-hot/">Outside AI, the market isn&#8217;t looking that hot</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Mikie Sherrill isn&#8217;t the first politician to face insider trading charges — but it may cost her the NJ election</title>
		<link>https://www.ourstoryinsight.com/mikie-sherrill-isnt-the-first-politician-to-face-insider-trading-charges-but-it-may-cost-her-the-nj-election/</link>
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		<pubDate>Sun, 26 Oct 2025 03:39:49 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=10270</guid>

					<description><![CDATA[<p>Mikie Sherrill, once comfortably ahead in the New Jersey governor’s race, has been getting plenty of attention over her stock trading lately, and not in a good way. Her fellow lawmakers should take note if they also have aspirations for higher office.  The Democratic New Jersey congresswoman seemed like a shoo-in to succeed Phil Murphy [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/mikie-sherrill-isnt-the-first-politician-to-face-insider-trading-charges-but-it-may-cost-her-the-nj-election/">Mikie Sherrill isn&#8217;t the first politician to face insider trading charges — but it may cost her the NJ election</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Mikie Sherrill, once comfortably ahead in the New Jersey governor’s race, has been getting plenty of attention over her stock trading lately, and not in a good way. Her fellow lawmakers should take note if they also have aspirations for higher office. </p>
<p>The Democratic New Jersey congresswoman seemed like a shoo-in to succeed Phil Murphy as her state’s governor, an office that trended blue in recent years. Yet she is now neck-and-neck with Republican Jack Ciattarelli, a successful businessman before entering politics. Her problem: disclosures that she spent some considerable time day-trading stocks while she was in office, possibly — if her critics are right — profiting off nonpublic information to make profitable trades. </p>
<p>Rising public disgust over her alleged insider trading could cost her the Nov. 4 election. </p>
<p>Yes, to hear critics tell it, Sherrill’s acumen at timing the market — buying and selling stock armed with nonpublic information during the COVID pandemic a few years back — puts her in league with some of the best insider traders in the business. </p>
<p>Ivan Boesky watch out! </p>
<p>The truth is that Sherrill’s stock trades might look bad, but they’re not illegal or unusual. In fact, they are in line with other lawmakers who have gotten caught in this ­periodic scandal, which amounts to allegations that they used their access to nonpublic information to profit on stock trades. </p>
<h2 class="inline-module__heading subsection-heading subsection-heading--single-line ">
			More From							<span class="subsection-heading__sub">Charles Gasparino</span><br />
					</h2>
<p>Based on my reporting, much of that information wasn’t even nonpublic, which is why no one ever went to jail over this stuff or has even been charged despite all the hoopla. Insider trading is notoriously difficult to prove because information is so fungible; warnings about the spread of COVID were all over the internet while Congress was being “privately” briefed in the matter. </p>
<p>New Jersey Democratic gubernatorial nominee Mikie Sherrill tours the USS Battleship New Jersey as part of a campaign stop on October 11, 2025 in Camden, New Jersey. <span class="credit">Getty Images</span></p>
<h3 class="inline-module__title headline headline--combo-sm-md">
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<h2 class="wp-block-heading">A ‘something’ burger? </h2>
<p>Which makes this “scandal” seem like a nothing burger for Sherrill, right? </p>
<p>Not quite. On the campaign trail, Sherrill has been oddly dissembling when asked for the details of the timing of her trades — particularly when the markets were freaking out over COVID back in 2020 — other than to point out she no longer trades stocks after being called out a few years ago. </p>
<p>That’s why I did a deeper dive in the controversy by reviewing the timing of her trades, disclosed through various publicly available sources such as a website that tracks this stuff, known as “Quiver Quantitative.” </p>
<p>I came across something odd: In April 2020, the New Jersey Globe ran a story stating that Sherrill and her husband “decided to convert to ETFs last December and instructed a financial adviser to begin the process during the first week of January, before receiving any briefings on COVID-19.” </p>
<p>Odd, because her congressional disclosures show she bought lots of stocks in January 2020, the same month President Trump first downplayed the severity of the virus. Unless I’m missing something, she really didn’t start unloading shares until Feb. 20, 2020, when “Trump 1” began warning about COVID and the stock markets began crashing. </p>
<h2 class="wp-block-heading">Significant trading </h2>
<p>Another oddity; Sherrill was hardly a piker at trading stocks in 2019 and 2020 when she first got to Congress. True, she’s no Nancy Pelosi; Sherrill’s trading activity reached a high of around $2.4 million in 2020, dwarfed by the $39 million in trades for the former House speaker last year. </p>
<p>Republican candidate for governor of New Jersey Jack Ciattarelli (L) and Democrat Mikie Sherrill (R) during a debate at New Brunswick Performing Arts Center on October 08, 2025. <span class="credit">Leonardo Munoz</span></p>
<p>But what she did was not nothing. So the question remains: Why even go there when you have so much else on your plate? </p>
<p>Sherrill and her husband, Jason Hedberg, are hardly the fattest cats in government, though they are comfortably well off. Disclosure forms show they’re worth as much as $14 million. They own homes and property. </p>
<p>Hedberg, whom she met at the Naval Academy, is a Wall Street banker who pulls in an estimated $3 million a year. (It was his late filing of stock trades that led to a small disclosure fine for Sherrill back in 2021. Through a rep he declined to comment.) </p>
<p>Sherrill herself is no slouch; she was a helicopter pilot in the Navy, went on to become an accomplished private attorney at the firm Kirkland &amp; Ellis before working as an assistant US attorney and then entering Congress. </p>
<p>A spokesman for Sherrill’s campaign says “Mikie does not own or trade individual stocks, and has gone ‘above and beyond’ releasing the exact values of her finances to the dollar and while New Jerseyans have zero insight into Jack Ciattarelli’s net worth.” </p>
<p>Again, she certainly isn’t the worst — or the first — lawmaker to be caught flat-footed trying to explain weirdness involving stock trading and whether they used the perks of their office to make money. </p>
<p>Yet she does provide a cautionary tale; if you enter Congress, try focusing your time on working for the people back home and not being a day-trader. Put your dough in a simple mutual fund like the one that tracks the S&amp;P 500. It’s been up around 168% since 2019, and it won’t cost you an election.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/mikie-sherrill-isnt-the-first-politician-to-face-insider-trading-charges-but-it-may-cost-her-the-nj-election/">Mikie Sherrill isn&#8217;t the first politician to face insider trading charges — but it may cost her the NJ election</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Google says YouTube TV to lose Fox channels if new deal isn&#8217;t reached</title>
		<link>https://www.ourstoryinsight.com/google-says-youtube-tv-to-lose-fox-channels-if-new-deal-isnt-reached/</link>
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		<pubDate>Mon, 25 Aug 2025 23:54:22 +0000</pubDate>
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					<description><![CDATA[<p>Nurphoto &#124; Nurphoto &#124; Getty Images Google-owned YouTube on Monday said it may remove channels including Fox Broadcast Network, Fox News and Fox Sports from its TV streaming platform if it doesn&#8217;t reach an agreement with Fox Corporation. YouTube TV&#8217;s renewal date with Fox is coming on Wednesday, and while the two companies have been [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/google-says-youtube-tv-to-lose-fox-channels-if-new-deal-isnt-reached/">Google says YouTube TV to lose Fox channels if new deal isn&#8217;t reached</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span class="HighlightShare-hidden" style="top:0;left:0"/></p>
<p>Nurphoto | Nurphoto | Getty Images</p>
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Google<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span>-owned YouTube on Monday said it may remove channels including Fox Broadcast Network, Fox News and Fox Sports from its TV streaming platform if it doesn&#8217;t reach an agreement with <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">Fox<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> Corporation.</p>
<p>YouTube TV&#8217;s renewal date with Fox is coming on Wednesday, and while the two companies have been in ongoing negotiations, they&#8217;ve been unable to reach a deal, the YouTube team wrote in a blog post. The company also emailed YouTube TV subscribers about the potential fall out with Fox.</p>
<p>&#8220;Fox is asking for payments that are far higher than what partners with comparable content offerings receive,&#8221; YouTube wrote in the blog. &#8220;Our priority is to reach a deal that reflects the value of their content and is fair for both sides without passing on additional costs to our subscribers.&#8221;</p>
<p>If YouTube is unable to reach a new agreement by 5 p.m. Eastern on Wednesday, the Fox channels will become unable on YouTube TV, the Google company said. YouTube pays broadcasters like Fox to carry their channels, and a blackout could have implications on advertisers and millions of viewers who cut their cords to stream Fox&#8217;s various channels on YouTube TV.</p>
<p>&#8220;While Fox remains committed to reaching a fair agreement with Google&#8217;s YouTube TV, we are disappointed that Google continually exploits its outsized influence by proposing terms that are out of step with the marketplace,&#8221; the media company said in a statement.</p>
<p>The Fox standoff represents the latest contract dispute between content companies and delivery networks as viewers increasingly ditch cable. </p>
<p>In February,<strong> </strong>Paramount Global notified YouTube TV subscribers that more than 20 channels including CBS, BET, Comedy Central, MTV and Nickelodeon could go dark on the service if the two didn&#8217;t reach a deal. Shortly after, YouTube TV and Paramount announced a multi-year distribution deal.</p>
<p>YouTube TV&#8217;s base plan costs $82.99 per month and includes over 100 live channels and unlimited cloud DVR. YouTube said a key part of its commitment to users is its partnership with content providers like Fox, &#8220;which allows us to carry a wide variety of channels.&#8221;</p>
<p>If Fox does go offline for an extended period of time, YouTube will give its members a $10 credit, the Google company wrote. Users will also be able to watch Fox content by signing up for Fox One, Fox&#8217;s streaming service, the blog said.</p>
<p>YouTube recently overtook Netflix, which has a market cap of $515 billion, as the top streaming platform in terms of audience engagement. Google does not provide official subscriber numbers for YouTube TV, but in its February 2024 letter, YouTube CEO Neal Mohan announced that the service had more than 8 million subscribers. MoffettNathanson principal analyst Michael Nathanson has estimated that YouTube TV has approximately 9.4 million paying subscribers.</p>
<p><strong>WATCH: </strong>Apple and Google&#8217;s multibillion dollar search pact at risk</p>
<p><span class="InlineVideo-videoButton"/><span/></p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/google-says-youtube-tv-to-lose-fox-channels-if-new-deal-isnt-reached/">Google says YouTube TV to lose Fox channels if new deal isn&#8217;t reached</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Summer travel isn&#8217;t as easy as it used to be for airlines</title>
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		<pubDate>Fri, 15 Aug 2025 11:59:32 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=8812</guid>

					<description><![CDATA[<p>People move through a crowded JFK International Airport days before the 4th of July holiday on July 02, 2024 in New York City. As the summer travel season takes off, millions of Americans and tourists are experiencing long delays and congestion at airports, train stations and on highways. July is the busiest month of travel [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/summer-travel-isnt-as-easy-as-it-used-to-be-for-airlines/">Summer travel isn&#8217;t as easy as it used to be for airlines</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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										<content:encoded><![CDATA[<p><span class="HighlightShare-hidden" style="top:0;left:0"/></p>
<p>People move through a crowded JFK International Airport days before the 4th of July holiday on July 02, 2024 in New York City. As the summer travel season takes off, millions of Americans and tourists are experiencing long delays and congestion at airports, train stations and on highways. July is the busiest month of travel in the U.S.</p>
<p>Spencer Platt | Getty Images News | Getty Images</p>
<p>Making money in the summer is not as easy as it used to be for airlines.</p>
<p>Airlines have drawn down their schedules in August for a variety of reasons. Some travelers are opting to fly earlier, in June or even May, as schools let out sooner than they used to. Demand for flights to Europe has also been moving from the sweltering, crowded summer to the fall, airline executives have said, especially for travelers with more flexibility, like retirees.</p>
<p>Carriers still make the bulk of their money in the second and third quarters. But as travel demand has shifted, and in some cases customers have become altogether unpredictable, making the third quarter less of a shoo-in moneymaker for airlines.</p>
<h2 class="ArticleBody-subtitle">Change of plans, pricier tickets</h2>
<p>Airline planners have been forced to get more surgical with schedules in August as leisure demand tapers off from the late spring and summer peaks. Labor and other costs have jumped after the pandemic, so getting the mix of flights right is essential.</p>
<p>Carriers across the industry have been taking flights off the schedule after an overhang of too much capacity pushed down fares this summer. But the capacity cuts are set to further drive up airfares, which rose 0.7% in July from last year, and a seasonally adjusted 4% jump from June to July, according to the latest U.S. inflation read.</p>
<p>U.S. airlines&#8217; domestic capacity is down 6% in August from July, according to aviation data firm Cirium. The same period last year, they cut domestic capacity just over 4% compared with just a 0.6% downsize between the months in 2023, Cirium said. From July to August in 2019, airlines cut 1.7% of capacity.</p>
<p>Carriers that bet on a blockbuster year were left disappointed earlier in 2025 when consumers weighed President Donald Trump&#8217;s on-again, off-again tariffs and economic uncertainty. To attract more customers, many airlines slashed prices, even for flights in the summer peaks in late June and July.</p>
<p>Demand has improved, airline executives said on earnings calls in recent months, but carriers including <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-3">Delta<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span>, American, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-4">United<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-5">Southwest<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> last month lowered their 2025 profit forecasts compared with their sunnier outlooks at the start of the year.</p>
<p>Further complicating matters, some travelers have been also waiting until the last minute to book flights.</p>
<p>&#8220;It really was, I would say, middle of May, when we started seeing Memorial Day bookings pick up,&#8221; <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-7">JetBlue Airways<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> President Marty St. George told investors last month. &#8220;We had a fantastic Memorial Day, much better than forecast, and that really carried into June. But it does have the feeling of people just waited a long time to make the final decisions.&#8221; </p>
<h2 class="RelatedContent-header">Read more CNBC airline news</h2>
<h2 class="ArticleBody-subtitle">There&#8217;s always next year</h2>
<p>Now, some airlines are already thinking about how to tackle ever-changing travel patterns next year.</p>
<p>&#8220;Schools are going back earlier and earlier but what you also see is schools are getting out earlier and earlier,&#8221;  Brian Znotins, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-8">American Airlines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span>&#8216; vice president of network planning and schedule, told CNBC.</p>
<p>Public schools in Dallas and Fort Worth, Texas, returned on Aug. 5, and Atlanta public schools resumed Aug. 4. In 2023, more than half of the country&#8217;s public school students went back to classrooms by mid-August, according to the Pew Research Center.</p>
<p>Southwest, with its Texas roots, ended its summer schedule on Aug. 5 this year, compared with Aug. 15 in 2023. American, for its part, is shifting some peak flying next year.</p>
<p>&#8220;We&#8217;re moving our whole summer schedule change to the week before Memorial Day,&#8221; Znotins said. &#8220;That&#8217;s just in response to schools letting out in the spring.&#8221; Those plans include additions of a host of long-haul international flights.</p>
<p>&#8220;We are a year-round airline,&#8221; he continued. Znotins said the carrier has to not just make sure there are enough seats for peak periods, but know when to cut back in lighter quarters, like the first three months of the year.</p>
<p>&#8220;For a network planner, the harder schedules to build are the ones where there&#8217;s lower demand because you can&#8217;t just count on demand coming to your flights,&#8221; Znotins said. &#8220;When demand is lower, you need to find ways to attract customers to your flights with a good quality schedule and product changes.&#8221;</p>
<p>American said its schedule by seats in August was on par with July in 2019, but that this year it was 6% lower in August from July.</p>
<p>American forecast last month it could lose an adjusted 10 cents to 60 cents a share in the third quarter, below what analysts are expecting. CEO Robert Isom said on an earnings call that &#8220;July has been tough,&#8221; though the carrier says trends have improved.</p>
<p>The capacity cuts, coupled with more encouraging booking patterns lately, are fueling optimism about a better supply and demand balance in the coming weeks.</p>
<p>&#8220;The mistake some airlines make, you tend to try to build a church for Easter Sunday: You build your capacity foundation for those peak periods and then you have way too many [employees],&#8221; said Raymond James airline analyst Savanthi Syth.</p>
<p>She said it was unusual to see airlines across the board pruning their summer schedules before even the peak period ended, but she is upbeat about demand, and fares, going forward.</p>
<p>&#8220;Time has passed and people are getting a little more certainty on what their future looks like and they&#8217;re more willing to spend,&#8221; she said.</p>
<h2 class="RelatedContent-header">Don’t miss these insights from CNBC PRO</h2>
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		<title>Man Employs A.I. Avatar in Legal Appeal, and Judge Isn’t Amused</title>
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		<pubDate>Mon, 07 Apr 2025 05:41:26 +0000</pubDate>
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					<description><![CDATA[<p>Jerome Dewald sat with his legs crossed and his hands folded in his lap in front of an appellate panel of New York State judges, ready to argue for a reversal of a lower court’s decision in his dispute with a former employer. The court had allowed Mr. Dewald, who is not a lawyer and [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/man-employs-a-i-avatar-in-legal-appeal-and-judge-isnt-amused/">Man Employs A.I. Avatar in Legal Appeal, and Judge Isn’t Amused</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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										<content:encoded><![CDATA[<p></p>
<p class="css-at9mc1 evys1bk0">Jerome Dewald sat with his legs crossed and his hands folded in his lap in front of an appellate panel of New York State judges, ready to argue for a reversal of a lower court’s decision in his dispute with a former employer.</p>
<p class="css-at9mc1 evys1bk0">The court had allowed Mr. Dewald, who is not a lawyer and was representing himself, to accompany his argument with a prerecorded video presentation.</p>
<p class="css-at9mc1 evys1bk0">As the video began to play, it showed a man seemingly younger than Mr. Dewald’s 74 years wearing a blue, collared shirt and a beige sweater and standing in front of what appeared to be a blurred virtual background.</p>
<p class="css-at9mc1 evys1bk0">A few seconds into the video, one of the judges, confused by the image on the screen, asked Mr. Dewald if the man was his lawyer.</p>
<p class="css-at9mc1 evys1bk0">“I generated that,” Mr. Dewald responded. “That is not a real person.”</p>
<p class="css-at9mc1 evys1bk0">The judge, Justice Sallie Manzanet-Daniels of the Appellate Division’s First Judicial Department, paused for a moment. It was clear she was displeased with his answer.</p>
<p class="css-at9mc1 evys1bk0">“It would have been nice to know that when you made your application,” she snapped at him.</p>
<p class="css-at9mc1 evys1bk0">“I don’t appreciate being misled,” she added before yelling for someone to turn off the video.</p>
<p class="css-at9mc1 evys1bk0">What Mr. Dewald failed to disclose was that he had created the digital avatar using artificial intelligence software, the latest example of A.I. creeping into the U.S. legal system in potentially troubling ways.</p>
<p class="css-at9mc1 evys1bk0">The hearing at which Mr. Dewald made his presentation, on March 26, was filmed by court system cameras and reported earlier by The Associated Press.</p>
<p class="css-at9mc1 evys1bk0">Reached on Friday, Mr. Dewald, the plaintiff in the case, said he had been overwhelmed by embarrassment at the hearing. He said he had sent the judges a letter of apology shortly afterward, expressing his deep regret and acknowledging that his actions had “inadvertently misled” the court.</p>
<p class="css-at9mc1 evys1bk0">He said he had resorted to using the software after stumbling over his words in previous legal proceedings. Using A.I. for the presentation, he thought, might ease the pressure he felt in the courtroom.</p>
<p class="css-at9mc1 evys1bk0">He said he had planned to make a digital version of himself but had encountered “technical difficulties” in doing so, which prompted him to create a fake person for the recording instead.</p>
<p class="css-at9mc1 evys1bk0">“My intent was never to deceive but rather to present my arguments in the most efficient manner possible,” he said in his letter to the judges. “However, I recognize that proper disclosure and transparency must always take precedence.”</p>
<p class="css-at9mc1 evys1bk0">A self-described entrepreneur, Mr. Dewald was appealing an earlier ruling in a contract dispute with a former employer. He eventually presented an oral argument at the appellate hearing, stammering and taking frequent pauses to regroup and read prepared remarks from his cellphone.</p>
<p class="css-at9mc1 evys1bk0">As embarrassed as he might be, Mr. Dewald could take some comfort in the fact that actual lawyers have gotten into trouble for using A.I. in court.</p>
<p class="css-at9mc1 evys1bk0">In 2023, a New York lawyer faced severe repercussions after he used ChatGPT to create a legal brief riddled with fake judicial opinions and legal citations. The case showcased the flaws in relying on artificial intelligence and reverberated throughout the legal trade.</p>
<p class="css-at9mc1 evys1bk0">The same year, Michael Cohen, a former lawyer and fixer for President Trump, provided his lawyer with phony legal citations he had gotten from Google Bard, an artificial intelligence program. Mr. Cohen ultimately pleaded for mercy from the federal judge presiding over his case, emphasizing that he had not known the generative text service could provide false information.</p>
<p class="css-at9mc1 evys1bk0">Some experts say that artificial intelligence and large language models can be helpful to people who have legal matters to deal with but cannot afford lawyers. Still, the technology’s risks remain.</p>
<p class="css-at9mc1 evys1bk0">“They can still hallucinate — produce very compelling looking information” that is actually “either fake or nonsensical,” said Daniel Shin, the assistant director of research at the Center for Legal and Court Technology at the William &#038; Mary Law School. “That risk has to be addressed.”</p>
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		<title>Bill Gates Isn’t Like Those Other Tech Billionaires</title>
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		<pubDate>Fri, 31 Jan 2025 00:46:57 +0000</pubDate>
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					<description><![CDATA[<p>The older he gets, the more Bill Gates is surprised by what the world dishes up. Take billionaires. There are many now from the tech industry, quite a few with politics that skew forcefully right. “I always thought of Silicon Valley as being left of center,” Mr. Gates said. “The fact that now there is [&#8230;]</p>
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										<content:encoded><![CDATA[<p></p>
<p class="css-at9mc1 evys1bk0">The older he gets, the more Bill Gates is surprised by what the world dishes up.</p>
<p class="css-at9mc1 evys1bk0">Take billionaires. There are many now from the tech industry, quite a few with politics that skew forcefully right.</p>
<p class="css-at9mc1 evys1bk0">“I always thought of Silicon Valley as being left of center,” Mr. Gates said. “The fact that now there is a significant right-of-center group is a surprise to me.”</p>
<p class="css-at9mc1 evys1bk0">Or take the evolution of technology in the decades since he began Microsoft and made it one of the world’s most valuable companies.</p>
<p class="css-at9mc1 evys1bk0">“Incredible things happened because of sharing information on the internet,” Mr. Gates said. That much he anticipated. But once social media companies like Facebook and Twitter came along, “you see ills that I have to say I did not predict.”</p>
<p class="css-at9mc1 evys1bk0">Political divisiveness accelerated by technology? “I didn’t predict that would happen,” he said. Technology being used as a weapon against the broader public interests? “I didn’t predict that,” he said.</p>
<p class="css-at9mc1 evys1bk0">Mr. Gates is a techno-optimist but he has limits, like cryptocurrency. Does it have any use?</p>
<p class="css-at9mc1 evys1bk0">“None,” he said. “There are people with high I.Q.s who have fooled themselves on that one.”</p>
<p class="css-at9mc1 evys1bk0">Even artificial intelligence, which Mr. Gates has spoken of enthusiastically, and which Microsoft is heavily invested in, produces a few qualms. “Now we have to worry about bad people using A.I.,” he said. (The New York Times has sued Microsoft and its partner OpenAI over copyright infringement; the companies have denied the claims.)</p>
<p class="css-at9mc1 evys1bk0">Mr. Gates, who turns 70 this year, is looking back a lot these days. Next week he is publishing “Source Code: My Beginnings,” which examines his childhood. The first of three projected volumes of memoirs, the book has been in the works for at least a decade but arrives at an unusual moment, as the tech billionaires have been unleashed. Elon Musk, Jeff Bezos, Mark Zuckerberg — their success has given them power that they are enthusiastically, even gleefully, using in divisive ways.</p>
<p><span class="css-jevhma e13ogyst0">“Source Code: My Beginnings,” which examines Bill Gates’s childhood, is the first of three projected volumes of memoirs.</span></p>
<p class="css-at9mc1 evys1bk0">Thirty years ago, Mr. Gates created the model for the in-your-face tech billionaire. Microsoft in the 1990s supplied the operating system for the personal computers that were increasingly in every home and office, and the company had big plans for this new thing called the web. Mr. Gates and his company were perceived as powerful, ruthless and ubiquitous. Silicon Valley was terrified and even regulators were alarmed, suing Microsoft.</p>
<p class="css-at9mc1 evys1bk0">The anti-Microsoft sentiment in popular culture peaked with the 2001 movie “Antitrust,” about a tech chief executive who murders people in his quest for world domination. Reviewers underlined the allusions to Mr. Gates, although they largely panned the film.</p>
<p class="css-at9mc1 evys1bk0">The ire is long gone and Mr. Gates has no recollection of “Antitrust.” Among billionaires who generate strong emotions, he said with a hint of relief, “I’m not at the top of the list. The current tech titans would elicit a stronger negative reaction.”</p>
<p class="css-at9mc1 evys1bk0">He is a counterpoint to the moguls in the news. “We don’t have a club,” he said. “Nor do we have consensus. Reid Hoffman” — the co-founder of LinkedIn, a Microsoft board member and vocal supporter of former Vice President Kamala Harris — “is a billionaire. You can ask for his point of view. He’ll be glad to critique.”</p>
<p class="css-at9mc1 evys1bk0">Mr. Hoffman, who The Times reported in November was considering leaving the country after Ms. Harris’s election loss, did not respond to emails asking for his point of view. But plenty of others in Silicon Valley are watching the transformation of the billionaires into would-be overlords with a horrified fascination.</p>
<p class="css-at9mc1 evys1bk0">“It’s a steady subject of dismal conversation around here,” said Paul Saffo, a longtime tech forecaster. “The consensus is that Bill Gates looks sainted compared to the awfulness afoot.”</p>
<p class="css-at9mc1 evys1bk0">When we talked a few weeks ago, Mr. Gates was sitting on the other side of an office table in a rented suite in Indian Wells, Calif., next to the resort town of Palm Springs. Why were we here? It was cold in Seattle, still Mr. Gates’s home when he is not on the move. That was reason enough.</p>
<p class="css-at9mc1 evys1bk0">Despite giving many billions of dollars to the Gates Foundation, his philanthropic juggernaut, Mr. Gates remains the 12th-richest person in the world, with personal wealth of over $100 billion, according to Forbes. But his physique isn’t jacked, he does not have his own rocket fleet, and he seems eager to point out that he does not have all the answers.</p>
<p class="css-at9mc1 evys1bk0">After we spoke, Mr. Gates was going to President Carter’s funeral. President Carter was an inspiration and a partner; Mr. Gates’s foundation became a big funder of the Carter Center.</p>
<p class="css-at9mc1 evys1bk0">In some respects, they resembled each other. Mr. Gates and Mr. Carter each had two distinct careers, both of which took place in the public eye over years. After Mr. Carter was president, he spent more than 40 years doing good works at home and abroad. That second act tended to be reviewed more favorably than the first.</p>
<p class="css-at9mc1 evys1bk0">So too with Mr. Gates, although his divorce from Melinda French Gates in 2021 was a decided setback for his reputation. There was also an unseemly relationship with the disgraced financier Jeffrey Epstein.</p>
<p class="css-at9mc1 evys1bk0">“In India, Japan, China, the American dream is a vaunted thing, of which I am sort of an example,” Mr. Gates said. “And then there’s people who think there shouldn’t be billionaires. There’s people who think I use vaccines to kill children. There’s quite a range of opinions.”</p>
<h2 class="css-13o6u42 eoo0vm40" id="link-51d652f3">Should billionaires be outlawed?</h2>
<p class="css-at9mc1 evys1bk0">Mr. Gates is the opposite of the reclusive billionaire hidden away on his estate. He recently brought out his second Netflix series, “What’s Next? The Future With Bill Gates.”</p>
<p class="css-at9mc1 evys1bk0">The fourth of the five episodes, “Can You Be Too Rich?” had people, including Senator Bernie Sanders, the democratic socialist from Vermont, saying definitively yes. It was a mild but real form of self-criticism that few other billionaires would subject themselves to.</p>
<p class="css-at9mc1 evys1bk0">Working on the show didn’t change his mind, though. “Should we outlaw billionaires?” Mr. Gates asked. “My answer to that, and you can say I’m biased, is no.”</p>
<p class="css-at9mc1 evys1bk0">But he supports a tax system that is more progressive. Every year, he adds up the taxes he has paid over his lifetime. He figures he has paid $14 billion, “not counting sales tax.”</p>
<p class="css-at9mc1 evys1bk0">Under a better system, he calculates, he would have paid $40 billion. Released in September, “Can You Be Too Rich?” already seems from another era. The answer to Mr. Gates’s question, in an administration staffed by billionaires, is no.</p>
<p class="css-at9mc1 evys1bk0">Mr. Gates tries to be nonpolitical but he thought the consequences of the 2024 election were so significant he got involved financially for the first time. He gave $50 million to Future Forward, the principal outside fund-raising group supporting Ms. Harris, The Times reported in October. He didn’t talk publicly about it then and won’t now.</p>
<p class="css-at9mc1 evys1bk0">After our conversation, it came out that he had a three-hour dinner with the president-elect at the time, Donald J. Trump, about world health challenges like H.I.V. and polio. “He showed a lot of interest in the issues I brought up,” Mr. Gates told The Wall Street Journal.</p>
<p class="css-at9mc1 evys1bk0">This week the Trump administration created confusion over whether it would stop disbursing H.I.V. medications bought with U.S. aid. A spokeswoman for Mr. Gates declined to comment.</p>
<p class="css-at9mc1 evys1bk0">“I will engage this administration just like I did the first Trump administration as best I can,” Mr. Gates said in our interview.</p>
<h2 class="css-13o6u42 eoo0vm40" id="link-5c56bff8">A trial to his parents</h2>
<p class="css-at9mc1 evys1bk0">Writing an autobiography is another way Mr. Gates is different from his peers, few of whom seem so introspective. His childhood, in an upper-class enclave in Seattle in the 1960s and early 1970s, is not inherently dramatic.</p>
<p class="css-at9mc1 evys1bk0">“A lot of people have the story of what a tough childhood they had, and how that is partly why they’re so competitive,” he said. “I don’t have that.”</p>
<p class="css-at9mc1 evys1bk0">What he did have was his mother, Mary Gates. She was remarkably accomplished in an era when most upper-class women were encouraged by society to stay home. The first woman president of King County’s United Way, she later was on the board of the United Way of America; in 1983, she was the first woman to run it.</p>
<p class="css-at9mc1 evys1bk0">“She was almost too intense for me,” Mr. Gates said. His father, a lawyer, was more removed but was drawn into the battle of wills.</p>
<p class="css-at9mc1 evys1bk0">There was a period when Bill — he was in sixth grade — was supremely difficult. “I could go days without speaking, emerging from my room only for meals and school,” he writes in “Source Code.” “Call me to dinner, I ignored you. Tell me to pick up my clothes, nope. Clear the table — nothing.”</p>
<p class="css-at9mc1 evys1bk0">“I was provoking them,” he said in our interview. “I didn’t think they had any logic for why I had to show respect for them. My mom was pretty pushy about ‘Eat this way,’ and ‘Have these manners,’ and ‘If you’re going to use the ketchup you have to put the ketchup in a bowl and have to put the bowl here.’ She thought of me as pretty sloppy. Because I was.”</p>
<p class="css-at9mc1 evys1bk0">It was not really about the ketchup, of course. “I didn’t have any negative feelings toward her but I could pretend to not care what she said in a way that definitely irritated her,” he said. “What was I trying to prove?”</p>
<p class="css-at9mc1 evys1bk0">Parents then could not keep tabs on their children if the children were determined. His sister Kristi, he remembers, “was wary of what might go wrong. Whereas I’m like, ‘Hey, what could go wrong?’” Bill spent much of his time programming, often sneaking away at night.</p>
<p class="css-at9mc1 evys1bk0">Then something did go wrong, at the end of his junior year in high school. His best friend, Kent, was mountain climbing, fell and died.</p>
<p class="css-at9mc1 evys1bk0">“It was Kent being an independent thinker, pushing his limits,” Mr. Gates said. “His parents worried about him and he was not naturally coordinated. And yet he seemed to be enjoying it and they didn’t stand in his way.”</p>
<p class="css-at9mc1 evys1bk0">What Mr. Gates learned from the tragedy was that life can be unfairly bad as well as unfairly good. He was very lucky; Kent was very unlucky.</p>
<p class="css-at9mc1 evys1bk0">Mr. Gates said that if his teenage self were diagnosed now, he would probably be told he was on the spectrum. Maybe his mother intuitively understood what he needed. “I wanted to exceed her expectations,” he said. “She was pretty good at always raising the bar.”</p>
<p class="css-at9mc1 evys1bk0">Raising the bar is what he consistently did when he and his friend Paul Allen started a company in Albuquerque in 1975 to produce software for the Altair 8800, a rudimentary personal computer. Mr. Gates was barely out of his teens. He soon moved the fledgling operation to the Seattle area, closer to his mother.</p>
<p class="css-at9mc1 evys1bk0">Stewart Alsop covered Mr. Gates when he was the editor of InfoWorld, an influential tech magazine of the era. “Bill gave the privilege of having dinner with him solo in Seattle every six months; the price was always coming up with something he hadn’t thought of,” Mr. Alsop said. That was easy as “he had a hard time seeing the world outside of his life.”</p>
<p class="css-at9mc1 evys1bk0">If Mr. Gates is on the spectrum, he now thinks it gave Microsoft an edge. “I didn’t believe in weekends; I didn’t believe in vacations,” he once said. He knew the license plate numbers of his employees so he could check if they tried to go home. It was a model for thousands of tech start-ups to come.</p>
<h2 class="css-13o6u42 eoo0vm40" id="link-7a5f583">On the downhill side</h2>
<p class="css-at9mc1 evys1bk0">“Source Code” ends with the beginning of Microsoft. Spreadsheets, databases and word processing were primitive tools, but users got an edge in productivity. The future would be better. “We really didn’t see much downside,” Mr. Gates said.</p>
<p class="css-at9mc1 evys1bk0">He kept his optimism for a long time. In 2017, he reviewed the book “Homo Deus,” by the Israeli philosopher Yuval Noah Harari. Mr. Gates took issue with the author’s warning about a potential future where the elite upgrade themselves through tech and the masses are left to rot. “This future is not preordained,” Mr. Gates wrote.</p>
<p class="css-at9mc1 evys1bk0">Now he is reading Mr. Harari’s latest book. “Nexus: A Brief History of Information Networks from the Stone Age to A.I.” is a critical analysis of our reliance on technology.</p>
<p class="css-at9mc1 evys1bk0">“Every smartphone contains more information than the ancient Library of Alexandria and enables its owner to instantaneously connect to billions of other people throughout the world,” Mr. Harari writes. “Yet with all this information circulating at breathtaking speeds, humanity is closer than ever to annihilating itself.”</p>
<p class="css-at9mc1 evys1bk0">Mr. Gates took “Nexus” personally. Mr. Harari “makes fun of people like myself who saw more information as always a good thing,” Mr. Gates said. “I would basically say he’s right and I was wrong.”</p>
<p class="css-at9mc1 evys1bk0">(Mr. Harari was unavailable for comment because he was attending a meditation course.)</p>
<p class="css-at9mc1 evys1bk0">To be clear, Mr. Gates is not apologizing. He remains a believer in the power and goodness of tech. But for all he resisted them initially, his mother’s lessons are evidently still with him. Mind your manners. Try and do good. And try not to get carried away.</p>
<p class="css-at9mc1 evys1bk0">As a billionaire, other people invest you with huge powers, Mr. Gates said. Because you are successful in one sphere, he mused, “they think you’re good at lots of things you’re not good at.”</p>
<p class="css-at9mc1 evys1bk0">It almost sounded like a warning.</p>
<p class="css-798hid etfikam0">Audio produced by Patricia Sulbarán.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/bill-gates-isnt-like-those-other-tech-billionaires/">Bill Gates Isn’t Like Those Other Tech Billionaires</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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