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☆ Why Warren Buffett’s shareholders line up at 2 a.m. to see him in Omaha: He’s 'the guy who changed our life'
▼ + stars: | 2024-05-04 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Such is the scene every year at the shareholders meeting at Berkshire Hathaway , the $826 billion conglomerate helmed by the Oracle of Omaha himself, Warren Buffett . And I wanted to see Warren Buffett in person. Warren Buffett is the guy who changed our life. So we appreciate what Warren Buffett brought us. Or you can come here, see Warren Buffett in person, and just enjoy the conference.

Persons: Buffett, Warren Buffett, James F, Walter Chang, Graham, Dodd, Warren, Charlie, Matt McAllister, Omaha's, Jason Garner, James Hunt, Nathan Prottsman, It's, We're, Munger, Barbara Govan, Charlie Munger, Yuan Fang, Tom Keady, That's, Giuliano Guarino, Eleanor Abney, Hayden, Parker McIntosh Organizations: CNBC, Berkshire Hathaway, Oracle, CHI, Center, Berkshire Locations: Omaha, Berkshire, Fairhope , Alabama, Taipei, Taiwan, Oakville, Canada, South Africa, Omaha , Nebraska, Houston , Texas, Dublin, Ireland, New Market , Maryland, Milan, Italy, Louisville , Kentucky

☆ PR firms are running execs' LinkedIn profiles — and turning ghostwriting into big business
▼ + stars: | 2024-04-25 | by ( Marta Biino | Lauren Johnson | ) www.businessinsider.com time to read: +9 min

Executives looking to boost their own profiles have for years paid freelancers to ghostwrite their LinkedIn posts. Now big PR firms are getting into the game, and LinkedIn profile management is going mainstream. Business Insider spoke to 14 PR firms that said more companies are asking for LinkedIn writing and strategy services for their leaders. Zappa said he does not offer specific rates for LinkedIn posts and instead includes LinkedIn in broader content contracts. However, he estimated that PR firms solely focused on LinkedIn ghostwriting could charge companies $5,000 a month for three to five LinkedIn posts.

Persons: Erin Ledbetter, Weber Shandwick, Ogilvy, Contessa Kellogg, Winters, resharing, There's, Lana McGilvray, Katie Burcham Glasshoff, execs, Chris Harihar, Dan Allocca, Joe Zappa, Zappa, Nicola Dodd, Laura Franklin, Franklin, Kim Metcalfe, Zeno Group's, —, upend ghostwriting, William Dobinson, Farrer Kane, Greg Swan, Lewis Goldberg, Claude Organizations: Business, Zeno, LinkedIn, Weber, Purpose, The Washington Post, BCW, Crenshaw Communications, Sharp Pen Media, Ogilvy UK, ghostwriting, London, Finn Partners, KCSA Strategic Communications Locations: Ketchum, gatekeepers, Midwest

☆ Voyager 1 regains communications with NASA after inventive fix
▼ + stars: | 2024-04-22 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

Voyager 1’s flight data system collects information from the spacecraft’s science instruments and bundles it with engineering data that reflects its current health status. But since November, Voyager 1’s flight data system had been stuck in a loop. By investigating the readout, the team determined the cause of the issue: 3% of the flight data system’s memory is corrupted. Members of the Voyager flight team celebrate after receiving the first coherent data from Voyager 1 in five months at NASA's Jet Propulsion Laboratory on April 20. And younger engineers are coming onto the Voyager team and contributing their knowledge to keep the mission going.”

Persons: they’ve, ”, Linda Spilker, “, Suzanne Dodd, “ We’ve, we’ve Organizations: CNN, NASA, Voyager, JPL, Network, Jet Propulsion Laboratory, Caltech

☆ What's more important? AI or the election.
▼ + stars: | 2024-04-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're announcing the finalists for our business, tech, and innovation bracket. What's on deck:This story is available exclusively to Business Insider subscribers. If you're just catching up, a few weeks ago we identified eight of the biggest trends in business, tech, and innovation. And then there were two: the AI race vs the US presidential election. Dan Rosen, founder and partner, Commerce Ventures:Advertisement"As a fintech investor, AI strikes me as more important.

Persons: —, we're, Chelsea Jia Feng, Readers, Bruce K, Lee, Dan Rosen, Ira Allen, Tracy Albert, Wendy Craft, Elle, Dodd, Frank, Zach Blank, Nick DiGiovanni, Adam Jeffery, Ian MacNicol, David Einhorn, Jesse Cohn, Greg Coffey, Goldman Sachs, Brian Robinson, Nelson Peltz's, James Park, would've, Justin Sullivan, Marissa Mayer's, Enrique Munoz Torres, Elon Musk, Musk, Lukas Schulze, it's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Keebeck Wealth, Commerce Ventures, CNBC, NBCU, Getty, Elliott Management, Sohn, Street Journal, Disney, UCLA, Yahoo, LinkedIn, Elon, Apple, Ford, Workers, Advertising Research, NCAA Locations: Europe, California, New York, London

☆ A new AI-powered tool could revolutionize how lawmakers are held accountable for insider trading
▼ + stars: | 2024-04-03 | by ( Madison Hall | ) www.businessinsider.com time to read: +5 min

Read previewA group of California-based graduate students has developed an AI-powered tool to catch congressional insider trading as soon as possible. Though in its infancy, the program could be a revolutionary way for journalists, researchers, and the general public to hold public officials accountable. This story is available exclusively to Business Insider subscribers. Shah explained that PoliWatch works by feeding its system publicly available congressional stock filings, hearing schedules, committee assignments, and sponsored travel. Congress' thorny trading historyAs Business Insider's far-reaching "Conflicted Congress" investigation found in 2021, lawmakers regularly violate the federal Stop Trading on Congressional Knowledge (STOCK) Act with little consequence.

Persons: —, Mats Dodd, Aditya Shah, Jocelyn Thai, Connor Yen, Dodd, Shah, Robert Maguire, " Maguire, Nancy Pelosi, Alex Wong, PoliWatch Organizations: Service, UC Berkeley, Business, Department of Justice, Citizens, Progress Locations: California, Washington, Congress

☆ Drones have turned the tables in recent African wars
▼ + stars: | 2024-03-16 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Drones recently supplied to Sudan by Iran are already making an impact in that country's brutal civil war. Similar types of drones played decisive roles in turning the tables in two previous African civil wars in recent years and could do so again. "It should come as no surprise that these drones are being used in wars around the world," Rogers told BI. In this context, drones are useful to achieve specific objectives, but they will not win the war alone," Rogers said. RANE's Dodd also credited Ethiopia's drone procurements for decisively "turning the tide" of the Tigray War.

Persons: —, Remi Dodd, RANE, it's, Dodd, James Patton Rogers, Rogers, Turkey's TB2, Loong, Debretsion Gebremichael, RANE's Dodd Organizations: Service, Business, Sudanese Armed Forces, Rapid Support Forces, United, Ethiopian, Tigray, Libyan National Army, Cornell Brooks Tech, Institute, Cornell University, American Warfare, Anadolu, Getty, Democratic Locations: Sudan, Iran, Iranian, Turkey, United Arab Emirates, Ethiopia, Libya, Tripoli, Omdurman, Tehran, Red, Yemen, Ukraine, Tigray War, Tigray, Addis Ababa, Ukrainian, New York, Donetsk, Nigeria, DRC, Democratic Republic of Congo, Burkina Faso

☆ Voyager 1 responds to ‘poke’ sent by NASA engineers
▼ + stars: | 2024-03-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

A new signal recently received from the spacecraft suggests that the NASA mission team may be making progress in its quest to understand what Voyager 1 is experiencing. Voyager 1’s flight data system collects information from the spacecraft’s science instruments and bundles it with engineering data that reflects the current health status of Voyager 1. But since November, Voyager 1’s flight data system has been stuck in a loop. On March 3, the team noticed that activity from one part of the flight data system stood out from the rest of the garbled data. The decoded signal included a readout of the entire flight data system’s memory, according to an update NASA shared.

Persons: ”, Suzanne Dodd Organizations: CNN — Engineers, NASA, Voyager, Network, CNN

☆ A timeline of Bob and Rita Marley's tumultuous relationship
▼ + stars: | 2024-02-28 | by ( Olivia Singh | ) www.businessinsider.com time to read: +8 min

Bob and Rita Marley were married from 1966 until the reggae star's death in 1981. Bob and Rita welcomed three children together, in addition to kids from relationships outside of their marriage. Their relationship is also at the heart of Reinaldo Marcus Green's recently released biopic, " Bob Marley: One Love ," starring Kingsley Ben-Adir as Bob and Lashana Lynch as Rita. Jacques Langevin/APRita recalled how she became acquainted with Bob in her 2004 memoir, " No Woman No Cry: My Life with Bob Marley ." October 17, 1968: Their son, David Nesta "Ziggy" Marley, is bornZiggy Marley on the set of "Bob Marley: One Love."

Persons: Bob, Rita Marley, Cedella, Ziggy, Stephen, Rita each, —, Rita Marley's, Rita, Reinaldo Marcus Green's, Bob Marley, Kingsley Ben, Lashana Lynch, Here's, Jacques Langevin, Clement " Coxsone, Dodd, Robbie Marley, Marcia Griffiths, Judy Mowatt, Sharon, Rita get, Cedella Marley, David Nesta, Marley, Ziggy Marley, Chiabella James, Paramount Pictures Ziggy, Stephen Marley, Robert, Robbie, Pat Williams, Rohan Anthony Marley, Janet Hunt, I've, Paul Natkin, Karen Marley, Janet Bowen, Julian Ricardo Marley, Lucy, Mani Marley, Anita Belnavis, Damian " Jr, Gong, Cindy Breakspeare, Owen, Stewart, Stephanie Marley, Serita Stewart, he'd, Graham Wiltshire, Cindy, Miami Bob, Josef Issels Organizations: Service, Wailers, Soulettes, Paramount Pictures, Jamaica, Miss Locations: Jamaica, Paris, Kingston, Ky, London, England, Miami

☆ Kenneth Mitchell, Known for ‘Star Trek’ and ‘Captain Marvel’ Roles, Dies at 49
▼ + stars: | 2024-02-25 | by ( Livia Albeck-Ripka | More About Livia Albeck-Ripka | ) www.nytimes.com time to read: 1 min

Kenneth Mitchell, a Canadian actor known for his roles on the series “Star Trek: Discovery” and the film “Captain Marvel,” died on Saturday. He had lived with the neurological disorder amyotrophic lateral sclerosis, or A.L.S., which causes paralysis and death, for more than five years, according to a statement from Mr. Mitchell’s family posted to his social media. Mr. Mitchell played the Klingons Kol, Kol-Sha, and Tenavik, as well as Aurellio, on “Star Trek: Discovery,” and voiced several other characters in an episode of “Star Trek: Lower Decks.”In “Captain Marvel,” he played the father of the superhero, Carol Danvers. He was also known for portraying Eric Green on the series “Jericho,” Joshua Dodd in the series “Nancy Drew,” a hockey player in the film “Miracle,” and appeared in several other film and television series.

Persons: Kenneth Mitchell, Marvel, ”, Mitchell’s, Mitchell, Kol, Captain Marvel, Carol Danvers, Eric Green, ” Joshua Dodd, Nancy Drew Organizations: “ Locations: Canadian

☆ 'The worry is not the reality': A 36-year market veteran explains why beaten-down micro-cap stocks will enjoy a jaw-dropping rally — and names which 4 companies will be the biggest winners
▼ + stars: | 2024-02-24 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

The group kept lagging last year as markets braced for a recession that would especially hurt economically sensitive small caps. And although the market isn't on small caps' side, Rendino believes historical precedent is. However, Rendino isn't discouraged by small caps' slow start and is instead pleased that his firm is outperforming. "Small caps were up in the fourth quarter, and we're having a really good year," Rendino said. "And I know why companies aren't in the good graces of investors and why certain investors shy away from companies."

Persons: —, Kevin Rendino, Rendino, Russell, He's, Rendino isn't, he's, we're, we've, Benjamin Graham, David Dodd Organizations: Service, Business, Capita, Federal Reserve, Capital, Federal

☆ Baupost's Seth Klarman dumps Coinbase and other stocks in the fourth quarter
▼ + stars: | 2024-02-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Baupost's Seth Klarman dumped several stocks in the fourth quarter, while trimming some of his biggest holdings, including Google and YouTube owner Alphabet , according to a new regulatory filing. The hedge fund manager, who oversees almost $30 billion in assets , exited his stake in Coinbase , which was worth more than $70 million in the third quarter of 2023. After soaring 130% in the fourth quarter, Coinbase has retreated nearly 20% in the first quarter of 2024. Among Baupost's top holdings, the hedge fund cut its stakes in Alphabet , Fidelity National Information Services and Just Eat Takeaway. During his last CNBC appearance in mid-2023, Klarman warned of an "everything bubble," sounding the alarm on cryptocurrencies, SPACs and a host of other speculative trends.

Persons: Baupost's Seth Klarman, Coinbase, Baupost, John, Klarman, Benjamin Graham's, Warren Buffett, Graham, David Dodd Organizations: Google, Dollar, Seagate Technology, Metals, Solutions, Fidelity National Information Services, Liberty Global, CNBC, Boston, Harvard, Cornell grad Locations: Coinbase

☆ NASA hopes to get the Voyager spacecraft to their 50th anniversary with clever engineering and difficult choices
▼ + stars: | 2024-01-21 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +6 min

From close-up views of Jupiter to a stunning look a Saturn's rings , the Voyager probes have helped shape our understanding of the solar system. AdvertisementNASA's Voyager probes entered interstellar space in 2012 and 2018. It would take another 50 years for another vehicle to reach interstellar space, Dodd said. NASA tested and launched the Voyager probes in the 1970s. AdvertisementThe Voyager probes are carrying golden records that could communicate with aliens.

Persons: —, They've, Suzanne Dodd, Dodd, it's, Dodd isn't Organizations: NASA, Service, Voyager, JPL, Caltech, CalTech

☆ Jürgen Klopp invites Sven-Göran Eriksson to be Liverpool manager after Swede’s terminal cancer diagnosis
▼ + stars: | 2024-01-20 | by ( Thomas Schlachter | Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Liverpool manager Jürgen Klopp has invited Sven-Göran Eriksson to Anfield after the former England boss said he would never be able to fulfil his dream of managing Liverpool following his terminal cancer diagnosis. “You’re invited from the bottom of all our hearts to come here,” Klopp told Sky Sports. During his career, Eriksson managed several club sides including Manchester City, Lazio and Roma, but never Liverpool. Liverpool manager Jürgen Klopp invited Eriksson to Anfield. Alex Dodd/CameraSport/Getty Images“My father is still alive and he’s still a Liverpool supporter and I’m a Liverpool supporter as well, I’ve always been,” he said in an interview with Sky.

Persons: Jürgen Klopp, Sven, Göran Eriksson, “ You’re, ” Klopp, “ That’s, ” Eriksson, Eriksson, Alex Dodd, I’m, I’ve, ”, David Beckham, Wayne Rooney, Steven Gerrard, Frank Lampard, Rio Ferdinand, Swede, Eriksson – Organizations: CNN, Liverpool, Anfield, Sky Sports, Manchester City, Roma, Sky, English, Portugal Locations: England, Lazio, Liverpool, China, Mexico, Philippines

☆ Nondisclosure Agreements Get Trickier Under New SEC Scrutiny
▼ + stars: | 2023-12-05 | by ( Mengqi Sun | ) www.wsj.com time to read: 1 min

Provisions that impede an individual from communicating with the SEC are unlawful under the Dodd-Frank Act. Photo: Spencer Platt/Getty ImagesCompanies have long used employee nondisclosure agreements to protect proprietary information. Now, regulators are trying to ensure that clauses in those agreements don’t also serve to inhibit whistleblowers from reporting potential corporate wrongdoing. In recent months, the U.S. Securities and Exchange Commission has taken a number of actions against companies whose various employment contracts have language that might hold employees back from reporting misconduct to regulators. A watershed moment came in September, when the SEC fined hedge fund D.E.

Persons: Dodd, Frank, Spencer Platt, Shaw Organizations: SEC, Getty, Companies, U.S . Securities, Exchange Commission

☆ 'Vampire' stars could be using galactic henchmen to help feed on their companions
▼ + stars: | 2023-12-02 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

Type-Be stars, nicknamed "vampire" stars, are believed to strip the mass of a nearby star. Type-Be stars, characterized by their large size and surrounding rings of gas, are a subset of type-B stars , which are very hot, bright, and blue. The nickname "vampire stars" comes from the most accepted theory of how type-Be stars form rings, researchers said in the study — by sucking the metaphorical neck of an intergalactic victim. AdvertisementThe team observed the type-Be stars by comparing the positions of various stars over longer and shorter periods. However, the team was surprised to learn that they were detecting a higher rate of binary systems for type-B stars than for type-Be stars.

Persons: —, Jonathan Dodd, de Mink, thrall, Dodd Organizations: Service, Royal Astronomical Society, ESO, University of Leeds, European Space Agency

☆ The Supreme Court Considers the Right to Trial by Jury
▼ + stars: | 2023-11-27 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

The week’s best and worst from Kim Strassel, Allysia Finley and Dan Henninger. The Supreme Court on Wednesday will hear the first of two landmark cases this term challenging the runaway administrative state. At stake in SEC v. Jarkesy is a bedrock constitutional principle that colonists fought to defend in the American revolution: the right to a trial by jury. The 2010 Dodd-Frank Act granted the Securities and Exchange Commission unbridled power to seek penalties administratively against any individual for violating securities laws. Democrats wanted to make it easier for the agency to punish misconduct.

Persons: Kim Strassel, Allysia Finley, Dan Henninger, Dodd, Frank Organizations: SEC, Securities and Exchange Commission

☆ Wall St regulator adopts Dodd Frank rule against trader conflicts
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. The SEC move is mandated by the Dodd Frank law, aimed at eradicating behavior seen in the 2008 global financial crisis. The rule is among the last to be adopted under 2010's Dodd Frank Wall Street reform legislation and faced a winding road to completion. Parties covered by the rule include underwriters, placement agents and sponsors for asset-backed securities. The SEC says it will require compliance with the rule for asset-backed securities with closing dates falling 18 months after the rule appears in the Federal Register.

Persons: Andrew Kelly, Dodd Frank, Dodd Frank Wall, Gary Gensler, Hester Peirce, Goldman Sachs, Douglas Gillison, David Gregorio, Marguerita Choy Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, SEC, Republican, Senate, Federal Register, Thomson Locations: Washington ,

☆ U.N.-led talks weigh goal to reduce aviation emissions thorough less-polluting fuels
▼ + stars: | 2023-11-24 | by ( Allison Lampert | ) www.reuters.com time to read: +2 min

A TotalEnergies tanker truck with sustainable aviation fuel (SAF) is pictured during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. ICAO's third Conference on Aviation and Alternative Fuels (CAAF) runs this week ahead of the COP28 U.N. climate summit in Dubai, which starts on Nov. 30. CAAF delegates from more than 100 countries are debating ways to boost supply of sustainable aviation fuel (SAF) made from materials like used cooking oil. SAF is key to lowering emissions from aviation, but remains costly and in short supply. Making access to financing more readily available to developing countries, another conference goal, is needed to bolster SAF production outside of the United States and Europe.

Persons: Benoit Tessier, Haldane Dodd, CAAF, Francis Mwangi, Mwangi, Allison Lampert, Jonathan Oatis Organizations: Paris, REUTERS, United Nations, International Civil Aviation Organization, Aviation, Alternative Fuels, SAF, Air Transport Action, Kenya's Civil Aviation Authority, Thomson Locations: Le Bourget, Paris, France, Dubai, United States, Europe, Mombasa, Kenya, Montreal

U.S. oversight of Big Tech financial services is fragmented. The CFPB rule would toughen up supervision, requiring Big Tech to comply with its rules on privacy protections, executives' conduct and unfair and deceptive practices. Without regulatory scrutiny, they could leverage their growing dominance of consumer payments to capture other services like lending and card issuing, analysts said. 'LEG UP'Representatives for Big Tech have accused the CFPB of trying to protect traditional lenders. While Big Tech companies have deep pockets and plenty of resources to handle the new scrutiny, the rule could limit how they use and protect consumer data.

Persons: Dado Ruvic, Rohit Chopra, Todd Phillips, Dodd, Frank, It's, Paige Pidano Paridon, Chopra, John Coleman, Hannah Lang, Stephen Nellis, Michelle Price, Richard Chang Organizations: Apple, REUTERS, Wall, Big Tech, Consumer Financial Protection Bureau, Google, Georgia State University, PayPal, Federal, McKinsey, Bank, BPI, Banks, Representatives, Big, Herrington, Thomson Locations: U.S, Washington

☆ Medford, N.J.: A Rural Township With a Quaint Downtown
▼ + stars: | 2023-11-08 | by ( Jill P. Capuzzo | ) www.nytimes.com time to read: +1 min

Since arriving in Medford, Mr. Cookis said they have taken their 2-year-old son, Beckett, and 1-year-old daughter, Luna, to the township’s apple festival, cranberry festival and Amish market. “I’ve lived down South for 10 years, and I’ve never had more nature,” said Mr. Cookis, 28. Nine years ago, while employed at TD Bank, Mr. Dodd grew weary of the frequent trips he had to make from their home in Maine to Cherry Hill, N.J. So the couple and their four children moved closer to the bank’s South Jersey headquarters. Coming from Maine, they were surprised at Medford’s similarly woodsy, rural feel.

Persons: Cheryl George, Cookis, Beckett, Luna, “ I’ve, I’ve, ”, It’s, ” Molly, Alex Dodd, Dodd Organizations: Medford —, TD Bank, Wharton State Forest Locations: Medford, Oakwood, Weichert, Jersey Shore, New Jersey, Maine, Cherry Hill, N.J, Jersey

We are actually going to be looking at this in the very early days of generative AI. casey newtonYeah, this feels like one of the big questions in AI right now. rebecca tushnetSo I see why you say that’s strange, but in fact, it’s exactly how you would make a general-purpose tool. But now, finally, along come these new technologies to take them down a peg, and they’re actually going to have to work for a living. So maybe they’re slapping, like, AI sort of things around the stories that they’re aggregating.

Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton Dots, casey newton, they’re, kevin roose —, casey newton Dot, CASEY, Biden, Mr, kevin roose I’m Kevin Russo, ” casey newton, Casey Newton, Rebecca Tushnet, casey newton Kevin, I’d, Rachel, kevin roose Aw, Harry Potter, kevin roose Wow, SpongeBob, Chuck Schumer, let’s, it’s, Claude, kevin roose Totally, casey newton Yes, Yann LeCun, It’s, you’re, you’ve, Sam Altman, Dario Amodei, kevin roose I’ve, Arati Prabhakar, arati prabhakar, Ben Buchanan, ben buchanan, casey newton Well, Dodd, Frank, I’m, kevin roose Will, You’ve, kevin roose God, kevin roose Hey, Casey, we’ve, Sarah Anderson, who’s, Emad Mostaque, Anderson, weren’t, Kevin, — casey newton, ” rebecca tushnet, rebecca tushnet, that’s, there’s, casey newton Right, I’ve, “ Barbie, “ Barbie ”, Sarah Anderson’s, rebecca tushnet It’s, Barbie, casey newton I’m, Rebecca, Westlaw, we’re, Cory Doctorow, what’s, casey newton Um, Pattie, it’s minty, Patties, Let’s, casey newton No, it’ll, casey newton That’s, KEVIN, “ Joe Biden, ’, Bruce Reed, Joe Biden, ” ‘, Reed, Camp David, Biden’s, —, kevin roose Jack, Jack, ”, Lily James, kevin roose Oh, kevin roose Ugh, kevin roose Horrible, kevin roose “ Cruise, ” “ Cruise, They’re, haven’t, casey newton Close, kevin roose It’s, Guy, casey newton I’ve, Newton Organizations: Target, Opera, The New York Times, White, White House, casey newton People, Google, casey, Science, Technology, Defense Department, Biden White House, Communications, Department of Commerce, European Union, Harvard Law, Midjourney, Copyright, Stability, Harvard Law School, Associated Press, Adobe, Starbucks, Disney, YouTube, Stetson, Media, Biden, NVIDIA, Variety, Staff, Associated, Microsoft, Guardian, General Motors, Cruise, House Locations: Washington, Bikini, Valley, OpenAI, Anthropic, Silicon Valley, Europe, America, York, They’re, Camp, Sydney, United States, California, Austin , Texas, Phoenix, Dallas , Houston, Miami, San Francisco, Franciscans

The scheduled Fed board meeting will mark the first time in over a decade that the central bank has proposed revising the fees, which generated around $24.31 billion for lenders in 2019, the most recent Fed data shows. The Fed has not said how it plans to change the fees, which have long been criticized by retailers as disproportionately high, and a spokesman for the central bank declined to comment. The Wall Street Journal reported last week that the Fed will lower the caps, sending shares in credit card companies Visa V.N and Mastercard MA.N lower. In 2011 the central bank capped them at 21 cents per transaction, plus 0.05% of the transaction cost. Analysts said that it is likely the Fed could face a legal challenge from either industry if it pursues new caps.

Persons: Austen Jensen, Dodd, Frank, Banks, TD Cowen, Jaret Seiberg, Pete Schroeder, Michelle Price, Aurora Ellis Organizations: U.S . Federal, Fed, Retail Industry, Association, Street, Visa V.N, Mastercard MA.N, Thomson

☆ Bertie Bowman ran away from home at 13 to sweep the steps of Capitol Hill. He died at 92 as the the longest-serving African-American Congressional staffer.
▼ + stars: | 2023-10-25 | by ( Yoonji Han | ) www.businessinsider.com time to read: +6 min

Herbert "Bertie" Bowman was the longest-serving African-American staffer on Capitol Hill in US history. AdvertisementAdvertisementBertie Bowman, the longest-serving African-American staffer on Capitol Hill in history, died at 92 years old on Wednesday morning. Sen. John Kerry hugs Bowman after his confirmation hearing before the Senate Foreign Relations Committee for Secretary of State on January 24, 2013. AdvertisementAdvertisementBowman escorts Hillary Clinton at a hearing before the Senate Foreign Relations Committee on March 2, 2011. Bowman had continued to work in the Capitol until his death, becoming the longest-serving African-American congressional staffer in US history.

Persons: Herbert, Bertie, Bowman, —, Bertie Bowman, Andrew Desiderio, Sen, Ben Cardin, Burnet Maybank, Maybank, Chris Dodd, Tom Williams, I'd, talkshow, Tavis Smiley, Lyndon Johnson, Strom Thurmond, John Kerry, Ken Cedeno, Jesse Helms of, J, William Fulbright of, Bill Clinton, Elvis, Clinton, Chip Somodevilla, he'd, Hillary Clinton, Alex Wong, Helms Organizations: Capitol, Senate, Service, Punchbowl News, Foreign, Station, Senate Foreign, State, William Fulbright of Arkansas, US, Foreign Relations, Washingtonian, Military Force, Islamic Locations: Washington , DC, Ben Cardin of Maryland, Summerton, South Carolina, Washington ,, Washington, Jesse Helms of North Carolina, Vietnam, Islamic State

☆ Meet the candidates in the running to replace James Gorman as Morgan Stanley's CEO
▼ + stars: | 2023-10-20 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

Morgan Stanley CEO James Gorman plans to retire by May 2024, leaving big shoes to fill. AdvertisementAdvertisementSuccession has traditionally been a bloody sport on Wall Street with the losers leaving and taking their lieutenants with them. Morgan Stanley CEO James Gorman, who plans to retire by May 2024, wants the buck the trend so the bank can hold onto all three candidates. "Wall Street has had a history of that not happening," said Gorman in a July earnings call. With Morgan Stanley at the top of its game, breaking up this well-oiled team could be disastrous.

Persons: Morgan Stanley, James Gorman, Ted Pick, Andy Saperstein, Dan Simkowitz, —, Gorman, Morgan, Ted, He's, Tony James, Morgan Stanley's, Pick, Simkowitz, Dodd, Frank, Fannie Mae, Freddie Mac, Dan, Andy Saperstein Saperstein, Merrill Lynch, Bloomberg, Hayley Cuccinello Organizations: Service, Archegos Capital Management, Washington , D.C, Federal Reserve, Treasury, General Motors, AIG, Citigroup, McKinsey, Staten, Disney, Hamptons Locations: Washington ,, hcuccinello@insider.com

☆ CFPB pushing to give consumers more control over their financial data
▼ + stars: | 2023-10-19 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

The Personal Financial Data Rights rule would ensure consumers' legal right to their checking and prepaid account, credit card and digital wallet history and require fee-free data sharing among financial institutions, according to a release. It also includes restrictions on the monetization of sensitive consumer data by banks and tech companies and permits customers to revoke access to their data. "When it comes to our financial lives, a handful of very large banks and financial firms control much of the market," CFPB Director Rohit Chopra told reporters Thursday. If adopted, the rule would reactivate a statute of the 2010 Dodd-Frank Act tasking the CFPB with ensuring fair competition for consumer financial products. Biden "encouraged the CFPB to consider issuing rules to make it easier for consumers to take their financial data to a new financial services provider," Brainard told reporters Thursday.

Persons: Rohit Chopra, Dodd, Biden, Chopra, Lael Brainard, Joe Biden's, Brainard Organizations: Financial, WASHINGTON, Consumer Financial, Frank, National Economic Council, CNBC Locations: U.S

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