Correction may not be over yet

Correction may not be over yet

Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City.  Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Elon Musk’s X Sues Advertisers Over Alleged Boycott

Elon Musk’s X Sues Advertisers Over Alleged Boycott

X today filed a lawsuit against a group of major advertisers for allegedly conspiring to withhold advertising dollars from the social media platform, which, since Elon Musk’s takeover, has been seen as more amenable to hosting controversial content. The suit, filed in federal court in Texas, says dozens of advertisers followed the recommendation of a … Read more

Zombie Alt-Weeklies Are Stuffed With AI Slop About OnlyFans

Zombie Alt-Weeklies Are Stuffed With AI Slop About OnlyFans

Several of the most prominent alt-weekly newspapers in the United States are running search-engine-optimized listicles about porn performers, which appear to be AI-generated, alongside their editorial content. If you pull up the homepage for the Village Voice on your phone, for example, you’ll see reporting from freelancers—longtime columnist Michael Musto still files occasionally—as well as … Read more

Bella Hadid breaks silence on Adidas ad linked to 1972 Munich Olympics

Bella Hadid breaks silence on Adidas ad linked to 1972 Munich Olympics

Bella Hadid attends the “L’Amour Ouf” (Beating Hearts) Red Carpet at the 77th annual Cannes Film Festival at Palais des Festivals on May 23, 2024 in Cannes, France. Victor Boyko | Getty Images Entertainment | Getty Images Model Bella Hadid issued a statement after starring in a controversial Adidas campaign that the sportswear company said … Read more

Election deepfakes may undermine institutional credibility: Moody’s

Election deepfakes may undermine institutional credibility: Moody’s

With election season underway and artificial intelligence evolving rapidly, AI manipulation in political advertising is becoming an issue of greater concern to the market and economy. A new report from Moody’s on Wednesday warns that generative AI and deepfakes are among the election integrity issues that could present a risk to U.S. institutional credibility. “The … Read more

Biden announces NATO aid for Ukraine, as reelection campaign teeters

Biden announces NATO aid for Ukraine, as reelection campaign teeters

U.S. President Joe Biden speaks at a NATO event to commemorate the 75th anniversary of the alliance, in Washington, U.S., July 9, 2024. Yves Herman | Reuters President Joe Biden announced new commitments to help Ukraine bolster its air defense against Russia in a speech Tuesday commemorating NATO‘s 75th anniversary. “Putin wants nothing less — nothing … Read more

Meta’s Pay-for-Privacy Model Is Illegal, Says EU

Meta’s Pay-for-Privacy Model Is Illegal, Says EU

For the past eight months, Europeans uncomfortable with the way Meta tracks their data for personalized advertising have had another option: They can pay the tech giant up to €12.99 ($14) per month for their privacy instead. Launched in November 2023, Meta introduced its “pay or consent” subscription model as fines, legal cases, and regulatory … Read more

Resy co-founder Gary Vaynerchuk on the ‘profound’ shift in advertising

Resy co-founder Gary Vaynerchuk on the ‘profound’ shift in advertising

Gary Vaynerchuk speaks onstage during Tribeca X on June 14, 2023 in New York City. Dave Kotinsky | Getty Images Entertainment | Getty Images Social media algorithms have led to a more meritocratic advertising landscape that the industry has been slow to catch up with, according to VaynerMedia CEO Gary Vaynerchuk. “The social media I … Read more

As Google Targets Advertisers, It Could Learn a Lot From Bing

As Google Targets Advertisers, It Could Learn a Lot From Bing

Disclosure of ads has been an issue on Copilot as well. Though Microsoft says it labels all ads, Marcus Pratt, senior vice president for insights and technology at the ad-buying agency Mediasmith, says he’s encountered at least two searches in which links with indications that they are sponsored arguably haven’t been adequately disclosed. Last week, … Read more

Why the Trump campaign never fundraised off the Hunter Biden trial

Why the Trump campaign never fundraised off the Hunter Biden trial

Republican presidential candidate and former U.S. President Donald Trump reacts during a campaign event, in Las Vegas, Nevada, U.S. June 9, 2024.  Brendan McDermid | Reuters Former President Donald Trump has spent years attacking Hunter Biden, President Joe Biden’s only surviving son, and raising campaign cash on his unfounded claims that the Biden family is … Read more