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☆ Kendrick Lamar and Drake's beef explained, from its 2013 origins to their diss tracks "Push Ups" and "6:16 in LA" and latest responses
▼ + stars: | 2024-05-04 | by ( Ayomikun Adekaiyero | Eve Crosbie | ) www.businessinsider.com time to read: +26 min

Both rappers released diss tracks that took blistering personal shots on Friday night. "He doesn't have the heart for the lying, disrespect, and animosity it requires to make an effective diss track," Pierre wrote. Later in the track, Drake references Cole's diss track and apology. At the end of the track, Lamar samples a 1994 Tupac interview to simulate a conversation between the two rappers. "6:16 in LA" also parodies Drake's song titles, which often feature location names and timestamps.

Persons: Kendrick Lamar, Drake's, Drake, —, Lamar's fiancée Whitney Alford, Lamar, Aubrey Drake Graham —, Lamar dissed Drake, J, Cole, Rick Ross, Cole —, Taylor, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, Prince, Mike Jack, Prince . Prince, “, rics, Organizations: Metro Boomin, Service, Future, Metro, HBO, Drake, Wireless, Lamar, Big, Rocky, Rap Locations: Drake's, Lamar, LA, Florida

☆ Meta says Broadcom CEO Hock Tan is joining board of directors
▼ + stars: | 2024-02-14 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Meta said Wednesday that Broadcom CEO president Hock Tan and philanthropist and former Enron executive John Arnold are joining the company's board of directors. Tan has been leading the semiconductor giant since 2006, giving him extensive international experience working in computing infrastructure technology. "As we focus on building AGI, having directors with deep expertise in silicon and energy infrastructure will help us execute our long term vision," Meta CEO Mark Zuckerberg said in a statement. The technical backgrounds of the incomers contrast with former Meta operating chief Sheryl Sandberg, who recently said she would step down from the company's board. Tan and Arnold join a board that includes former PayPal Executive Vice President Peggy Alford, venture capitalist Marc Andreessen, Dropbox CEO Drew Houston, former U.S. deputy secretary of the treasury Robert M. Kimmitt and DoorDash CEO Tony Xu.

Persons: Meta, Hock Tan, John Arnold, Tan, Mark Zuckerberg, Sheryl Sandberg, Sandberg, Zuckerberg, Arnold, Peggy Alford, Marc Andreessen, Drew Houston, Robert M, Tony Xu, Meta's Ray Organizations: Broadcom, Enron, Meta, Google, Arnold Ventures, Grid United Locations: Houston, U.S

(AP) — Ellen Gilchrist, a National Book Award winner whose short stories and novels drew on the complexities of people and places in the American South, has died. An obituary from her family said Gilchrist died Tuesday in Ocean Springs, Mississippi, where she had lived in her final years. “Victory Over Japan,” a collection of short stories set in Mississippi and Arkansas, was awarded the National Book Award for fiction in 1984. She said at the Mississippi Book Festival that she wrote the story at a time when she and her friends were having conversations about abortion versus adoption. Gilchrist's survivors include her sons Marshall Peteet Walker, Jr., Garth Gilchrist Walker and Pierre Gautier Walker; her brother Robert Alford Gilchrist; 18 grandchildren and 10 great-grandchildren.

Persons: JACKSON, — Ellen Gilchrist, Gilchrist, ”, “, William Faulkner, Eudora Welty, Welty, ” Gilchrist, Marshall Peteet Walker, Jr, Garth Gilchrist Walker, Pierre Gautier Walker, Robert Alford Gilchrist Organizations: Mississippi Delta, Millsaps College, KUAF Public Radio, University of Arkansas Locations: Miss, American, Ocean Springs , Mississippi, Mississippi, Arkansas, Vicksburg , Mississippi, Jackson , Mississippi, New Orleans, Fayetteville , Arkansas, Mississippi Delta , New Orleans, Fayetteville

☆ Sheryl Sandberg says she's leaving Meta's board
▼ + stars: | 2024-01-17 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

Former Meta operating chief Sheryl Sandberg is leaving the company's board of directors. "With a heart filled with gratitude and a mind filled with memories, I let the Meta board know that I will not stand for reelection this May," Sandberg wrote in a Facebook post on Wednesday. Sandberg, 54, joined Facebook in 2008 as Mark Zuckerberg's top deputy after spending about seven years at Google. Since leaving Meta, Sandberg has dedicated much of her time on her LeanIn.org nonprofit, which focuses on empowering women tin the workplace, and related projects. "Thank you Sheryl for the extraordinary contributions you have made to our company and community over the years," Zuckerberg wrote.

Persons: Sheryl Sandberg, Sandberg, Mark Zuckerberg's, Javier Olivan, We've, Sandberg's, Zuckerberg, Sheryl, Adam Bosworth, Peggy Alford, Marc Andreessen, Drew Houston, Nancy Killefer, Robert M, Tony Xu, Tracey T, Travis, Estée Lauder, Here's, Javi Olivan, Justin Osofsky, Nicola Mendelsohn, Mark Organizations: Meta, Facebook, Google, CNBC, McKinsey & Company, Estée Locations: U.S

☆ Why Florida State was left out of the College Football Playoff and why it’s so controversial
▼ + stars: | 2023-12-04 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

CNN —Sunday’s announcement of the four teams selected for the College Football Playoff sent shockwaves through the sport. Instead of folding, Florida State rallied, coming from behind on the road to defeat Florida in Gainesville with backup quarterback Tate Rodemaker. With the selection, the Crimson Tide will make its eighth appearance in the College Football Playoff, the most of any team. Speaking on ESPN on Sunday, College Football Playoff committee chair Boo Corrigan explained why FSU was left out of the top four. It renders the season up to yesterday irrelevant and significantly damages the legitimacy of the College Football Playoff.

Persons: CNN —, ”, Michael Alford, Jordan Travis, Tate Rodemaker, Brock Glenn, Boo Corrigan, Corrigan, “, ” Jordan Travis, Colin Hackley, Cari, Poppy Harlow, Phil Mattingly, Jordan, Travis, wouldn’t, Nick Saban, Mike, Norvell, I’d, Dan Wolken, –, ” Alford, Alford, ” Norvell, Mike Norvell, Charles LeClaire, Jaylan Ford, ” Ford, They’re, They’ve Organizations: CNN, College Football, Michigan Wolverines, Washington Huskies, Texas Longhorns, Alabama Crimson Tide, Florida State Seminoles, Florida State University, FSU, Florida State, Seminoles, North Alabama, Atlantic Coast Conference, Louisville, Cardinals, Alabama, Crimson Tide, ESPN, Sunday, ” The College, Georgia Bulldogs, Orange Bowl, SEC, USA, LSU, Florida, “, Tide, ”, Twitter, Power, BCS, Pittsburgh Panthers, Reuters, Rose Bowl, Washington, Caesars Locations: Florida, Gainesville, Grapevine , Texas, Alabama . Alabama, –, Alabama, Michigan, Texas, ”, Pasadena , California, New Orleans

Prosecutors are expected to take the controversial step of using Young Thug's rap lyrics as evidence against him. Here are some things to know as the trial gets underway:WHO IS YOUNG THUG? Elton John called working with Young Thug an “amazing moment” after recording the song “Always Love You” featuring Nicki Minaj and Gunna. Young Thug has been in jail since his arrest on May 9, 2022, having been denied bond several times since then. Young Thug's racketeering conspiracy charge and two gang charges each carry a penalty of five to 20 years in prison.

Persons: Young, who's, Jeffery Lamar Williams, “ Stoner, ” —, Childish Gambino’s, Young Thug, Savage, BlocBoy JB, Slim Jxmmi, Rae Sremmurd, Drake, Chris Brown, Travis Scott, Elton John, Nicki Minaj, Gunna, Camila Cabello, M.I.A, Gucci Mane’s, “ Jeffery ”, Calvin Klein, ”, ” Young Thug, Racketeer, “, Sergio Kitchens, Alford, ma'am, — Walter Murphy, Trontavious Stephens, Uzi, HE'S, — Organizations: ATLANTA, Prosecutors, WHO, Business, bae, Bloods, Infiniti, Metro Boomin Locations: Atlanta, Havana, Fulton County

Overall, Adobe estimates one in five Americans plan to use buy now, pay later plans to purchase holiday gifts. Retailers have found that customers offered a buy now, pay later option are more likely to have bigger cart sizes or to convert from browsing to checking out. In its report, the Fed cites research that finds that customers spend 20% more when buy now, pay later is available. LexisNexis Risk Solutions provides many buy now, pay later lenders with alternative credit scores for assessing consumers seeking loans, including those who may not have a traditional credit score. In the past two years, Williams has used buy now, pay later plans at stores including Target, BoxLunch, EyeBuyDirect, and Skims.

Persons: Vivek Pandya, Demishia Alford, Alford, “, ”, she’ll, I’ll, I’m, ” Kevin King, Kevin, ” Alford, Jessica Sarceda, ” Sarceda, Sarceda, Allison Williams, Williams, —, ” Jinal Shah, Charles Schwab Organizations: —, Federal Reserve Bank of New, Adobe, Adobe Digital, ”, Retailers, Fed, Consumers, Walmart, LexisNexis, Solutions, Nike, Target, Zip, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: Federal Reserve Bank of New York, Greensboro , North Carolina, Santa Monica , California, Amelia , Ohio

BISMARCK, N.D. (AP) — A former North Dakota police officer fired for badly injuring a 63-year-old man during an arrest has been sentenced to probation after dropping his not-guilty plea. The Bismarck Tribune cited court documents in reporting that former Bismarck Officer George Huff entered an Alford plea on Oct. 12 to a misdemeanor charge of simple assault. The plea means Huff didn't admit guilt but acknowledged there was enough evidence to support a conviction. Huff, 26, was accused of striking Keith Erlandson several times in the face while holding handcuffs during an arrest on March 9. Bismarck police and the North Dakota Bureau of Criminal Investigation investigated, and Police Chief Dave Draovitch fired Huff on May 21.

Persons: —, Bismarck, George Huff, Alford, Huff, Keith Erlandson, Erlandson, Dave Draovitch, Huff “, Chris Redmann, Huff’s, regrettably, ” Redmann Organizations: N.D, North, Bismarck Tribune, North Dakota Bureau, Criminal Investigation, Police Locations: BISMARCK, North Dakota

☆ Under the Leather Jackets: Anxiety, Bravado and the Keys to TV Stardom
▼ + stars: | 2023-10-24 | by ( Henry Alford | ) www.nytimes.com time to read: +1 min

Winkler’s affective shortcomings throw his social anxiety and bouts of verbal diarrhea into high relief. But, Hollywood being Hollywood, when the film came out Winkler was asked to do press. As my former boss might have written, VTEBNLPBI (very tidy ending, but no less powerful because of it). John Stamos, he of “Full House” and “E.R.” and Broadway, takes longer to warm to on the page. Stamos is blessed with some of Winkler’s candor — he admits to having had two nose jobs and having gone to Alcoholics Anonymous.

Persons: Paul McCartney, Winkler, chattering, Neil Simon’s, Simon, “, ”, —, Barry ” —, John Stamos, candor —, John Organizations: Hollywood, Anonymous

Republicans control the House by a narrow 221-212 margin, and all Democrats are expected to vote against him. At least seven Republicans are expected to vote against Jordan, which would leave him short of the 217 votes he needs. "Jim is a tough person and is going to almost prosecute our conservative agenda through America," said Republican Representative Mark Alford. Should Jordan's bid for speaker stall, Republican rivals have identified several alternative candidates, including McHenry, who is presiding over the speaker vote, and No. 3 House Republican Tom Emmer.

Persons: Jim Jordan, Evelyn Hockstein, Republican Jim Jordan, Jordan, Kevin McCarthy, Juan Ciscomani, holdouts, McCarthy, Marc Molinaro, Joe Biden, Jim, Mark Alford, Donald Trump, Ted Lieu, Hakeem Jeffries, Patrick McHenry, decry, John Boehner, Steve Scalise, We've, Don Bacon, McHenry, Republican Tom Emmer, David Morgan, Makini Brice, Moira Warburton, Andy Sullivan, Scott Malone, Gerry Doyle, Jonathan Oatis Organizations: Republicans, Capitol, REUTERS, Rights, House, Republican, U.S ., Caucus, Democrats, Tuesday, New, New York Republican, Democratic, Senate, Security, Committee, Biden, Ohio State University, Thomson Locations: Washington, U.S, Ohio, Israel, Ukraine, tangling, New York, America

As House Republicans struggle to govern, the party suffered another black eye Thursday evening when Majority Leader Steve Scalise abruptly withdrew from the speaker’s race amid hardened opposition from more than a dozen holdouts. Tensions are boiling over among House Republicans frustrated at the impasse and concerned over the path forward. The problem for me though is it’s not Jim’s fault so I’m just grappling with that,” he said. House Republicans control just a razor-thin majority and a speaker candidate can only afford to lose four defections and still win. We had a group that sabotaged Speaker McCarthy and now we’ve had a group that sabotaged Steve Scalise, both of them great people,” he said.

Persons: Kevin McCarthy, Steve Scalise, Mark Alford of, Jesus Christ, Jim Jordan, Scalise, Jordan, Don Bacon, CNN’s Manu Raju, that’s, Jim, Steve, ”, “ There’s, Austin Scott, Raju, “, ” “ We’ve, McCarthy, we’ve Organizations: CNN, Republicans, Hamas, GOP, House Republicans, Republican, Ohio Republican, Judiciary Locations: Mark Alford of Missouri, Ohio, Jordan

But not all Republicans want to see Jordan as speaker, second in line to the presidency. Overwhelmed and exhausted, anxious GOP lawmakers worry their House majority is being frittered away to countless rounds of infighting over rules, personalities and direction of the GOP. Handfuls of Republicans announced they were sticking with Jordan, McCarthy or someone other than Scalise — including Trump. The position as House speaker does not need to go to a member of Congress. Exasperated Democrats, who have been waiting for the Republican majority to recover from McCarthy’s ouster, urged them to figure it out.

Persons: Jim Jordan, Steve Scalise, holdouts, Jordan, Jesus Christ, ”, Mark Alford, Kevin McCarthy, Donald Trump, Joe Biden, “, Jim Banks, ” Jordan, Richard Hudson, ” Hudson, Patrick McHenry, Hakeem Jeffries, Scalise, “ It’s, ” Scalise, McCarthy, Handfuls, Steve, ” Trump, Brian Kilmeade’s, Stephen Groves, Jill Colvin Organizations: WASHINGTON, GOP, Caucus, Republican, Ohio Republican, Republicans, New York Rep, Trump, Fox News, California Republican, Democrats, Associated Press Locations: Scalise, R, U.S, New York

☆ Rep. Jim Jordan nominated for House speaker, but falls short of total votes needed
▼ + stars: | 2023-10-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Rep. Jim Jordan, R-Ohio, talks to reporters after a House Republican Conference meeting in the U.S. Capitol on the speaker of the house nomination on Thursday, October 12, 2023. On this vote, Jordan came away with 152 votes for him, and 55 against, far short of the 217 he would need in a formal vote on the House floor. Following the second vote, lawmakers broke for the weekend, with few signs of what would come next. House Republicans had nominated Scalise Wednesday after he defeated Jordan in a narrow 113-to-99 internal party vote behind closed doors. The lower chamber is effectively in a state of paralysis, unable to move forward with urgent business until a House speaker is elected.

Persons: Jim Jordan, Jim Jordan of, Steve Scalise, Jordan, Austin Scott of, Mark Alford, Scalise, Matt Gaetz, Kevin McCarthy of California, Joe Biden's, Dan Meuser, Newsmax, Tom McClintock of, McCarthy, McCarthy's, McClintock, Mike Lawler, —, Emily Wilkins Organizations: Republican, U.S, Capitol, House Republicans, GOP, Committee, CNBC, Republicans, Rep, Russia, Jordan, York, NBC News Locations: Ohio, Jim Jordan of Ohio, Austin Scott of Georgia, R, Texas, Louisiana, Florida, Israel, Ukraine, Pennsylvania, Tom McClintock of California, Washington ,

Scalise, 58, on Wednesday narrowly won House Republicans' nomination to the role, which is second in line to the presidency after the vice president, in a closed-door party vote. 2 to Kevin McCarthy, who on Oct. 3 became the first House speaker in history ousted by his own party. McCarthy was the third consecutive Republican speaker to leave the top post due to pressure from his hard-right flank. Whomever House Republicans eventually back as speaker will take on the job at a time when the chamber has a lot on the agenda. The House is controlled by Republicans, while the Senate and the White House are in Democratic hands.

Persons: Steve Scalise, Steve Scalise's, Donald Trump, Kevin McCarthy, I'm, Mark Alford, Scalise, McCarthy, Jim Jordan, Trump, supremacists, David Duke, Biden, Makini Brice, Scott Malone, Cynthia Osterman, Gerry Doyle Organizations: ., Republican Conference, Capitol, U.S . House, Republican, Wednesday, House Republicans, Deepwater, Fox News Channel, Ku Klux Klan, American Unity and Rights Organization, Republicans, Thomson Locations: Washington , U.S, WASHINGTON, New Orleans, Louisiana's, Canada, Mexico, American

☆ Kentucky Innocence Project wages new fight to free Quincy Cross
▼ + stars: | 2023-10-07 | by ( Jacque Smith | ) edition.cnn.com time to read: +17 min

But Cross has always expressed his innocence, and Currin’s father, Joe Currin, has come to believe Cross was wrongfully convicted. CNN will be following the team of the “Wrongful Conviction” podcast as it reports on KIP’s efforts to overturn Cross’ conviction. Stubblefield testified at Cross’ trial that when the gathering wrapped up, Currin left to walk home. Perkins also testified Cross kept pulling up his pants because he wasn’t wearing a belt. Pages of newly discovered emails between Mangold and Galbreath are a part of KIP’s motion to vacate Cross’ conviction.

Persons: Jessica Currin, Quincy Omar Cross, Joe Currin, Cross, “ We’ve, ” Joe Currin, you’ve, Miranda Hellman, KIP, Joshua Lott, Maggie Freleng, Currin, Vinisha Stubblefield, Stubblefield, Jeffrey Burton, Tamara Caldwell, Victoria Caldwell, Burton, Caldwell, Chris, Mike Perkins, Perkins, Stephen Lance Dennee, AP Burton, Victoria Caldwell’s, Alford, Carlos “ Lolo ” Saxton, Jeremy Adams, Saxton, Adams, Jeffrey Burton’s, Stubblefield recanting, wasn’t, “, ”, –, Nathan Kent, Jeff don’t, Victoria Caldwell's, Jessica Currin's, KIP that’s, Hellman, Adams ’, Mayfield, Susan Galbreath, Galbreath, Tom Mangold, Mangold, Currin “, Susan Galbreath gestured, AP Galbreath, Quincy Coss, I’d, She’s Organizations: CNN, Mayfield Middle School, Kentucky Innocence, Washington Post, Paducah Sun, Graves, Kentucky Department of Corrections, Quincy Cross, AP, Cross, Caldwell, Facebook, Kentucky Attorney General’s, Kentucky State Police, Mayfield Police, Mayfield Police Department, Kentucky, Investigation, Quincy, Kentucky Bureau, Gatorade, General’s Locations: Kentucky, Graves, Mayfield, Mayfield , Kentucky, Stubblefield, Caldwell, Union City , Tennessee, Graves County

☆ How the Shutdown Holdouts Have Antagonized McCarthy Before
▼ + stars: | 2023-09-29 | by ( Karen Yourish | Lazaro Gamio | ) www.nytimes.com time to read: +3 min

Notably, Representatives Wesley Hunt of Texas and Ken Buck of Colorado came back to Washington at Mr. McCarthy’s request to vote in his favor for speaker. And Representative Marjorie Taylor Greene of Georgia aligned herself with Mr. McCarthy during the speaker fight and was ousted from the Freedom Caucus over the summer. With far-right members of his caucus in revolt over suspending the debt ceiling, Mr. McCarthy was forced to negotiate a deal with President Biden, further enraging the already volatile faction. In another blow to Mr. McCarthy, the bipartisan measure passed with more Democrats than Republicans. They did so to punish Mr. McCarthy for making a deal with Mr. Biden to suspend the debt limit.

Persons: Antagonized McCarthy, Biggs Bishop Boebert Buck Burchett, Gosar Greene Hunt Mace Miller Mills Mooney Moore, Kevin McCarthy’s stopgap, McCarthy’s, Biggs, Gosar Miller, Clyde Donalds Good Harris Luna Norman Perry Roy, Wesley Hunt, Ken Buck, Colorado, Marjorie Taylor Greene, McCarthy, Buck Burchett, Hunt Mace Miller Mills Mooney, Alford, Bost Brecheen Buchanan Cammack Carter Cline Clyde Collins DesJarlais Donalds Fallon Finstad Fischbach Fry Fulcher Gonzales Good Gooden Griffith, Hageman Harris Harshbarger Hern Higgins Jackson LaHood Lesko Luna Luttrell Mann Mast McCormick Moran Norman Palmer Perry Posey Rose Roy Santos, Strong Tiffany Timmons Van Drew Van Duyne, Weber, Biden, Greene, Troy Nehls, Lauren Boebert, Rosendale, Norman Roy Scalise, Mr Organizations: Republicans, House Republicans, Caucus, Mr, Freedom Caucus, Hageman Harris Harshbarger Hern Higgins Jackson LaHood Lesko Luna Luttrell Mann Mast McCormick Moran Norman Palmer Perry Posey Rose Roy Santos Sessions, Republican Locations: Rosendale, Wesley Hunt of Texas, Washington, Georgia, United States, Texas, Colorado

☆ BlackRock org chart: The 150 most powerful people under CEO Larry Fink as succession planning looms
▼ + stars: | 2023-05-12 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +4 min

Insider built an org chart showing the most senior executives under BlackRock CEO Larry Fink. To provide a window into the current power structure, Insider has mapped out the roughly 150 most senior BlackRock executives. This week, the firm overhauled its alternative-investments business and made changes to the makeup of its Aladdin business, two core BlackRock offerings. "We are spending a great deal of time at BlackRock getting the firm ready for when the founders are retiring. Investment stewardship head Joud Abdel Majeid and Willie Alford, Fink's new chief of staff, are among the executives who report to Fink.

[1/2] Alex Murdaugh gives testimony in his murder trial at the Colleton County Courthouse in Walterboro, South Carolina, U.S., February 23, 2023. Grace Beahm Alford/Pool via USA TODAY NETWORK via REUTERSFeb 27 (Reuters) - Four final defense witnesses are set to take the stand on Monday in the double murder trial of disbarred South Carolina lawyer Richard "Alex" Murdaugh before his attorneys rest their case, with jury deliberations on track to begin later in the week. Murdaugh's lawyers said they planned to question four additional witnesses before resting their case in the early afternoon on Monday. That would be followed by closing arguments and the judge instructing the jury, which could happen on Tuesday or Wednesday, Murdaugh defense attorney Dick Harpootlian said in court on Friday. The case has drawn intense media coverage given the political influence of the Murdaugh family in South Carolina.

☆ Ukraine on One Year Anniversary of War: Defiant and Hopeful of Victory
▼ + stars: | 2023-02-25 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Alex Murdaugh Testifies in Trial: ‘I Didn’t Shoot My Wife or My Son’ Former South Carolina lawyer Alex Murdaugh took the stand on Thursday in his own defense in the murder trial of his wife and son. Murdaugh denied involvement in the murders during questioning by his defense attorney. Photo: Grace Beahm Alford/Press Pool

☆ Big rainmakers on Wall Street
▼ + stars: | 2023-02-20 | by ( ) www.businessinsider.com time to read: +1 min

But while that means many Wall Street pros are technically off but in reality, glued to their Slack, WhatsApp, and work email, our team is actually not working today. So if you're looking for some great finance reads, look no further. ChatGPT could upend jobs across Wall Street. Wall Street's big rainmakers: In 2022, top investment banks still pushed blockbuster deals over the line during what was a tough year for M&A. We rounded up the 20 powerhouse bankers who orchestrated the biggest deals of 2022.

☆ The behind-the-scenes role that's minting future stars at BlackRock
▼ + stars: | 2023-02-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Some of the most powerful people on Wall Street are men and women you've never heard of. Click here to learn more about BlackRock's new chief of staff and why the role is rising in importance across Wall Street. Everybody wants macro traders. A fintech helping companies engage with their retail investors got backing from Alexis Ohanian's Seven Seven Six. These are the top 10 holdings in the church's investment portfolio, including one Wall Street titan.

☆ The DOJ will not bring criminal charges against GOP Rep. Matt Gaetz in sex-trafficking investigation: reports
▼ + stars: | 2023-02-15 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +3 min

The DOJ will not criminally charge Rep. Matt Gaetz after a years-long sex-trafficking probe, CNN reported. The outlet said DOJ officials told at least one witness' lawyers that prosecutors won't indict Gaetz. Gaetz has been under investigation since 2020, and prosecutors were examining if he violated 3 federal laws. CNN said that DOJ officials told at least one witness' lawyers that prosecutors will not bring charges against Gaetz. The decision was widely expected; investigators last year recommended that the department not charge the Florida congressman, and top DOJ officials typically take the advice of career prosecutors.

☆ Larry Fink has a new chief of staff, an under-the-radar position that's become a powerful post at BlackRock
▼ + stars: | 2023-02-14 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +5 min

BlackRock CEO Larry Fink has named executive Willie Alford as his new chief of staff. Sarah Schaffer, an executive and Fink's prior chief of staff, will take on a new role at BlackRock. This may be especially true if you worked directly with Larry Fink, the firm's chief executive and among the most powerful people on Wall Street. Fink's chief of staff position has vaulted executives into new heights. A more common C-suite roleThe chief of staff role has taken off across corporations and beyond the position's roots in government and military operations.

The tumult that broke out last month during the election of Kevin McCarthy for speaker illustrated the potential for profound dysfunction in the new House Republican majority. Here is a closer look at the fractious House Republican caucus. Chart of House Republicans highlights members who denied the 2020 election results, were supported by the House Freedom Fund, or both. Representative Harriet Hageman of Wyoming, who has also denied the 2020 election results, defeated Representative Liz Cheney in the primary. A Venn diagram shows the Republican newcomers in the House who either denied the 2020 election results, were supported by the House Freedom Fund, or both.

☆ Carmakers face a crossroads as they work to fit auto dealers into their EV plans
▼ + stars: | 2023-01-28 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

"I think we're all building this airplane as we fly," Michael Alford, president of the National Auto Dealers Association, a trade association that represents more than 16,000 U.S. new franchised dealers, told CNBC. Automakers and franchised dealers have a complex relationship that is backed, in many states, by laws that make it difficult, if not illegal, to bypass franchised dealers and sell new vehicles directly to consumers. Both automakers and franchised dealers want to maximize profits, but they're separate businesses that heavily rely on one another to succeed. David Paul Morris | Bloomberg | Getty ImagesHonda Motor has said it plans to move more sales online, including 100% online sales for its luxury Acura brand for EVs. Jay Vijayan, who assisted in building out Tesla's digital and IT systems, doesn't believe selling EVs exclusively online will pan out.

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