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☆ Google employees question execs over 'decline in morale' after blowout earnings
▼ + stars: | 2024-05-08 | by ( Jennifer Elias | ) www.cnbc.com time to read: +8 min

"How does leadership plan to address these concerns and regain the trust, morale and cohesion that have been foundational to our company's success?" "Despite the company's stellar performance and record earnings, many Googlers have not received meaningful compensation increases" a top-rated employee question read. Google's use of cashThere were a lot of employee questions ahead of last week's meeting directed at the company's buyback, Porat said. With respect to the decline in morale brought up by employees, Pichai said "leadership has a lot of responsibility here, adding that "it's an iterative process." CNBC reported last week that Google is laying off at least 200 employees from its "Core" organization, which includes key teams and engineering talent.

Persons: Sundar Pichai, Loren Elliott, Ruth Porat, We've, Alphabet's, Hollie Adams, Porat, Prabhakar Raghavan, dory, Pichai, Ted, Larry Page, Jim Cramer Organizations: Inc, Government, Society, Bloomberg, Getty, Google, Economic, Finance, CNBC Locations: Stanford , California, Davos, Switzerland, U.S

☆ Druckenmiller says he bought five Argentinian stocks, praises Javier Milei's policies
▼ + stars: | 2024-05-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

"The only free market leader in the world right now, bizarrely, is in Argentina of all places," Druckenmiller said. Milei took office in December, promising economic reforms after Argentina was hit hard by inflation. I bought all of them, we did some work on them, I increased my positions," Druckenmiller said. ARGT 1D mountain The Global X MSCI Argentina ETF rose on Tuesday morning. The Global X MSCI Argentina ETF (ARGT) , which includes many of the stocks listed above, rose more than 1% in premarket trading Tuesday.

Persons: Stanley Druckenmiller, Druckenmiller, Javier Milei, Milei, Soros, Duquesne, it's Organizations: Economic, Duquesne Family, Grupo, Arcos, Banco BBVA Argentina, Mercadolibre, Grupo Financiero Galicia, Banco Locations: Argentina, Davos, U.S, Americas

☆ China EV maker Nio on track to unveil its first mass-market car in May, executive says
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: +1 min

The logo of NIO seen on an EL6 car model is pictured at the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, Germany August 17, 2023. China's premium electric vehicle maker Nio is on track to unveil a new model under a mass-market brand by the end of this month and a second smaller EV to be sold in Europe next year for less than $30,000, a senior executive told Reuters on Monday. Nio has created the sub-brand Onvo to launch a new EV that Chief Executive William Li has said will take aim at the Tesla Model Y, the world's best-selling EV. On Monday, the new website for the Onvo brand went live in China with a message to "stay tuned" for details on the new model, the L60. Vincelot said more details on the brand, until now code named "Alps", were expected by the end of the month.

Persons: Nio, William Li, Nicolas Vincelot, Vincelot Organizations: Reuters, EV, Tesla Locations: Berlin, Germany, Europe, France, China, Paris

☆ Palantir shares fall 7% on lower-than-expected guidance
▼ + stars: | 2024-05-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Palantir shares fell around 7% in extended trading on Monday after the defense tech firm reported weaker-than-expected guidance. Palantir expects second-quarter revenue to fall between $649 million to $653 million, versus the $653 million expected by LSEG. Palantir reported $105.5 million in net income for the quarter, or 4 cents per share, compared with $16.8 million, or 1 cent per share, in the year-ago quarter. Earlier this year, Palantir signed a $178 million contract with the U.S. Army to help develop a next-generation, field-deployable sensor station. Karp said Palantir conducted more than 660 bootcamps during the first quarter.

Persons: Alex Karp, Palantir, Karp Organizations: Russell Senate, LSEG, U.S . Army Locations: Washington ,

CNN —Hamas says it has accepted a ceasefire deal proposed by Egypt and Qatar which seeks to halt the seven-month war with Israel in Gaza. It’s unclear whether Hamas has agreed to the most recent ceasefire proposal, as outlined last week, or a revised version of it. Palestinians in Rafah celebrate news that Hamas has accepted a ceasefire proposal, May 6, 2024. More than 1 million Palestinians have fled to Rafah, where Hamas is believed to have regrouped after Israel’s destruction of much of the north of Gaza. IDF operations ongoingAsked whether Hamas’ acceptance of a deal could change Israel’s plans for Rafah, Israel Defense Forces (IDF) spokesperson Daniel Hagari said the military would continue to operate in Gaza.

Persons: Ismail Haniyeh, William Burns, Sheikh Mohammed bin Abdulrahman, Sheikh Mohammed bin Abdulrahman Al Thani, Benjamin Netanyahu’s, Matthew Miller, “, ”, Daniel Hagari, ” Netanyahu, ” Itamar Ben Gvir, Netanyahu, ” Benny Gantz Organizations: CNN, Hamas, CIA, Qatari, Getty, Israel Defense Forces, Families Forum Locations: Egypt, Qatar, Israel, Gaza, Doha, Qatar’s, Sheikh Mohammed bin Abdulrahman Al, United States, Deir al, Gaza City, Rafah, AFP, Orit, Tel Aviv

☆ Police tactics at campus protests reveal disparities in approaches to public order and lessons learned post-George Floyd
▼ + stars: | 2024-05-05 | by ( Emma Tucker | ) edition.cnn.com time to read: +14 min

“I think we also saw this different sensibility about how to clear protests,” Straub said of the police response to campus demonstrations. In some cases, officers couldn’t distinguish lawful protesters from those who were being disruptive or causing violence, he added. The agreement mandated the NYPD to “change how it deploys officers to public demonstrations,” to better allow the public to exercise their First Amendment rights. NYPD officers in riot gear break into a building at Columbia University, where pro-Palestinian students were barricaded, on April 30. Officers were seen breaking down plywood barriers outside the entrenched encampment where protesters had barricaded themselves inside, as flash-bang explosives exploded overhead.

Persons: George Floyd, ”, Chuck Wexler, Emily Byrski, Joe Biden, ” Wexler, Frank Straub, ” Straub, PERF, Letitia James, James, Kena Betancur, Eric Adams, Kaz Daughtry, “, Spencer Fomby, Fomby, Straub, it’s, ” Fomby, Ryan Sun, ” CNN’s Julia Jones, Maria Sole, Artemis Moshtaghian Organizations: CNN, Police, Research, “ Police, Palestinian, Getty, Columbia University, New York Police Department, University of Arizona, UCLA, Israel, National Guard, Sound Schools, Center for, Police Foundation, ” Police, NYPD, New York, City College, Hampton Hall, Columbia, Hamilton, National Tactical Officers Association, ”, AP Locations: Gaza, Israel, AFP, California, Columbia, New York City, Hampton, Arizona, Los Angeles

☆ Your vacation was ruined, and the company apologized — with a heartfelt note written by ChatGPT
▼ + stars: | 2024-05-05 | by ( Monica Pitrelli | Poonam Binayak | ) www.cnbc.com time to read: +6 min

'A pretty good job'For all its faults, ChatGPT "does a pretty good job" responding to customer complaints, Natasha said. A screenshot of a discussion about using ChatGPT to write reviews on Airhosts Forum, a website for Airbnb hosts. His company, which counts Priceline, Hopper and AvantStay as customers, uses AI to help customer service agents sound more professional, he said. More discovering itMichael Friedman, CEO of the family-run vacation rental company Simple Life Hospitality, said his company does not use AI to respond to customers. But after learning that other travel companies are, she decided to test ChatGPT with a real-life problem she recently faced.

Persons: Natasha, Reddit, Luca Zambello, Brad Birnbaum, Hopper, Birnbaum, Michael Friedman, …, Aw, Tokudaw, ChatGPT Organizations: CNBC, Airhosts, Airbnb, Mt Fuji Locations: TripAdvisor, Yelp

☆ There's a messy battle over AI going on in DC — and there's no end in sight
▼ + stars: | 2024-05-05 | by ( Madison Hall | ) www.businessinsider.com time to read: +10 min

Why does the US not have federal AI regulation? Biden signed the executive order on "Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence" near the end of 2023. Another challenge comes from AI experts and researchers choosing private sector jobs instead of ones in the government, a kind of "brain drain," Zhang said. "Less than 40% go to government looking to create all those AI regulations and governance structures." AdvertisementThe vast majority of AI experts end up working in the private sector rather than for universities or federal governments.

Persons: —, hasn't, Joe Biden, Trump, Kevin McCarthy, Biden, I'm, Jason Green, Lowe, It's, Sen, Martin Heinrich, Sam Altman, Bill O'Leary, Rebecca Finlay, Finlay, we're, she's, Daniel Zhang, Zhang, Drew Angerer, That's, there's Organizations: Service, White, Business, Bills, Republican, Artificial Intelligence, Federal Government, Science & Technology, Congress, Microsoft, Google, Defense, Center, Senate, Washington, Getty, Stanford Institute for, AI, Stanford's, for, Biden Locations: Silicon Valley, Korean, Washington , DC, Congress, North America

☆ Trump VP hopeful Kristi Noem suggests Biden's dog Commander should also be put down
▼ + stars: | 2024-05-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

South Dakota Governor Kristi Noem speaks at the NRA-ILA Leadership Forum during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 27, 2022. Republican South Dakota Gov. Kristi Noem implied that President Joe Biden's dog, Commander, should meet the same ill fate as her own 14-month-old dog Cricket, who she shot due to its aggressive behavior, as she revealed in her upcoming memoir. "Joe Biden's dog has attacked 24 Secret Service people. In the days since Noem's memoir anecdotes went public, the South Dakota governor has been doing damage control to save her VP bid.

Persons: Kristi Noem, Joe Biden's, Noem, Biden, vies, Donald Trump's, Newt Gingrich, Donald Trump Organizations: NRA, ILA, National Rifle Association, Republican South Dakota Gov, Cricket, CBS, Secret Service, South Locations: Houston , Texas, U.S, White, South Dakota

☆ Inside Rep. Rob Menendez's fight to be more than a 'nepo baby'
▼ + stars: | 2024-05-04 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +19 min

"I don't have the capacity to think through, well, what if, what if, what if," Menendez told me. Mayor Bhalla told me that he began contemplating his primary challenge shortly after the elder Menendez was first indicted in September. AdvertisementSitting in his recently opened campaign office, the mayor told me that the most important facet of his candidacy was his fight against New Jersey's party boss-driven political culture. "Everything here is a headline or a deadline driving the process," Councilman Paul Presinzano said of Mayor Bhalla. Menendez looks on as Bhalla's opening remarks at a Jersey City candidate forum are filmed by a cameraman.

Persons: Rob Menendez —, Sen, Bob Menendez —, Ravi Bhalla, Menendez, —, Rob Menendez, Bob Menendez, who's, that's, frat bro, I've, Stephen Chernin, he's, father's, Phil Murphy, Bhalla, Pete Buttigieg, outraise Menendez, Ted Shaffrey Bhalla, Menendez —, there's, They're, Andy Kim, Tammy Murphy, James Solomon, you've, hasn't, bossism, Anna Moneymaker, deriding, didn't, I'm, wasn't, we're, It's, Sam Bankman, rZ6H2IB4N0, — Rob Menendez, @RobMenendez4NJ, Councilwoman Tiffanie Fisher, Kim, Fisher, Paul Presinzano, Union City —, Donald Trump, Bryan Metzger, Rob's, Tammy Murphy's, He's, Cory Booker, Rob Menendez Bhalla, Steve Fulop —, corruptly Organizations: Hoboken, Service, Nike Air Force, Gov, Port Authority of New, New Jersey ., Sikh American, Congress, South, AP, New, Democratic Rep, First, Jersey City, Getty, Lipton Tea Company, House Transportation, Infrastructure, Union City, Homeland Security, Democratic, House Democratic, Facebook Locations: New Jersey, Manhattan, Jersey, Hoboken, Port Authority of New York, he's, Jersey City, Washington ,, Washington and NJ, Menendez's, Union City

☆ Meta employees say internal posts on support for Palestinians have been 'censored,' in an open letter to CEO Mark Zuckerberg
▼ + stars: | 2024-05-03 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

A group of Meta employees is calling out what they claim is internal and external censorship by the company of any show of support for Palestinians amid Israel's war with Hamas. Business Insider confirmed that the letter was authored by a group of current Meta employees, some of whom have linked to the letter on their personal online profiles. While some improvements were made to the products, they "were achieved only by appealing to isolated product teams, with minimal senior leadership support or resources," it added. Microsoft's internal communication app also saw debates among employees about the war and even inflammatory language, BI previously reported. Are you a Meta employee or someone with a tip or insight to share?

Persons: Mark Zuckerberg, Zuckerberg, Feedback, dismissiveness, Kali Hays Organizations: Business, UN, Meta, BI, Hamas, Google Locations: Palestine, Gaza, Israel, Russia, Ukraine, Meta's Dublin, Ukrainian, khays@businessinsider.com

Major corporations often don't want to seem like they're taking one side politically, so they either sponsor both conventions, or neither. Conventions could see new sponsorsThe Democratic and Republican conventions this summer are the first fully in-person conventions since the 2016 election. Democratic convention organizers in April said if corporations had any reluctance to back the RNC, it hasn't hampered Chicago's efforts to lure donors. Microsoft in 2012 contributed over $1.5 million in a mix of in-kind and cash contributions to the Republican convention. JPMorgan donated $200,000 to the 2012 Republican convention and didn't write a check for the 2016 event.

Persons: Donald Trump, Jon Cherry, Rashad Robinson, Robinson, —, Fiserv, Greg Goldner, Trump, Donald Trump's, aren't, they'll, Joe Biden, Trent Morse, Morse, they've, Alison Prange, Reince Priebus, Priebus, it's, Steve Kornacki's, Biden, Nancy Pelosi, Michelle Yeoh, Natalie Edelstein, Michael Sacks, Sacks, J.B . Pritzker, Barack Obama, Alex Hornbrook, There's, Taylor Swift, she's, Mitt Romney, Obama, didn't, General Motors Organizations: Christian Media, The Gaylord, Center, Getty, Republican National Convention, Republican, NBC News, Trump, Fiserv Inc, Democratic, Fiserv, RNC, Resolute Consulting, GOP, Corporations, Fortune, Milwaukee Journal Sentinel, Democrats, White House, Milwaukee, NBC, Wall, Republican National Committee, Wall Street, Biden, TV, Kentucky Derby, Street Journal, Northwestern Mutual, Wisconsin Fortune, Democratic National Convention, WEC Energy Group, Manpower Group, Conventions, Metropolitan Milwaukee Association of Commerce, DNC, Convention, Chicago, Longtime Democratic, Illinois Gov, White, Correspondents, Commission, Facebook, Google, Microsoft, Bank of America, FEC, Meta, Skype, CNBC, JPMorgan Chase, Walmart, JPMorgan, General Motors, General, Motors, Comcast, Press, Trade Locations: Nashville , Tennessee, Milwaukee, Wisconsin, America, Chicago, NBCUniversal, Philadelphia

☆ How the US became hooked on sports betting – and the cost it’s having on lives
▼ + stars: | 2024-05-03 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +11 min

“I noticed all my memories were really gambling related,” Malek explains to CNN Sport. So right where the AGA and the National Council for Problem Gambling is located – the nation’s capital – they abolished all public funds for problem gambling,” adds Whyte. Ramon Zelaya, the moderator of Reddit’s problem gambling forum, concurs. “I think the pace of innovation right now, particularly as it relates to fan engagement and betting, and in play betting and live betting will continue to increase,” said Maloney. Reportedly there were two specific games in which DraftKings Sportsbook flagged prop bets involving Porter in its daily betting insights.

Persons: CNN —, Saul Malek, he’d, “, ” Malek, I’d, Malek, ”, Michael Reaves, Getty, Dominick Reuter, Joe Maloney, ” Maloney, ” Keith Whyte, Maloney, “ We’re, Al Bello, Whyte, “ We’ve, LeBron James ’, DraftKings, you’re, Greg Olsen, Jared C, Tilton, Adam Silver, Silver, Ramon Zelaya, ” Zelaya, “ I’ve, Sportradar, expained, Candice Ward, Reuters Maloney, Jontay Porter, Porter, “ It’s, Brian Sevald Organizations: CNN, CNN Sport, Gamblers Anonymous, Saturday’s Kentucky Derby, Kentucky Derby, Supreme, District of Columbia, Super, American Gaming, Monmouth, Getty, “, Republicans, National Council, Belmont Park, ESPN, NCAA, NFL, NASCAR Hall of Fame, NBA, Reuters, Sporting, Toronto Raptors Locations: Saturday’s, Churchill, Nevada, Monmouth, Oceanport , New Jersey, AFP, America, New York, Belmont, District, –, North Carolina

☆ AI boom in Silicon Valley is going to worsen the housing problem, says CEO of billionaire-backed company trying to build a new city near San Francisco
▼ + stars: | 2024-05-03 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Jan Sramek, CEO of California Forever, wants to build a new city in Solano County, California. The recent "AI boom" will only make the housing crisis worse, Sramek told Kara Swisher. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Previously published information from California Forever revealed that the city will be about 18,600 acres with a capacity to welcome 400,000 residents. A California Forever spokesperson didn't address the question in an emailed response to Business Insider.

Persons: Jan Sramek, Sramek, Kara Swisher, —, Goldman Sachs, didn't, The Lever Organizations: Service, Silicon, California Forever, Business, International Monetary Fund, IMF, Research Locations: California, Solano County , California, Northern California, Solano County, San Francisco, Golden State, Bay, Palo Alto

☆ Immigrant workers are helping boost the U.S. labor market
▼ + stars: | 2024-05-03 | by ( Kate Rogers | ) www.cnbc.com time to read: +1 min

The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age out of the labor force and birth rates remain low, economists and the Federal Reserve are touting the importance of immigrant workers for overall future economic growth. Immigrant workers made up 18.6% of the workforce last year, a new record, according to Bureau of Labor Statistics data. Despite the U.S. adding fewer-than-expected jobs in April, the labor force participation rate for foreign-born workers ticked up slightly, to 66%. "We don't have enough workers participating in the labor force and our birth rate has dropped down 2% last year from 2022 to 2023.

Persons: Jennie Murray, Phillip Swagel, Swagel Organizations: Federal, of Labor Statistics, Workers, National Immigration, Congressional Locations: America

☆ Meta employees say internal posts on Palestine have been 'censored,' according to open letter to CEO Mark Zuckerberg
▼ + stars: | 2024-05-03 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

A group of Meta employees is calling out what they claim is internal and external censorship by the company of any show of support for Palestine amid Israel's ongoing war with Hamas. The letter demanded a general improvement in corporate inclusion efforts at Meta and asked the company to stop deleting internal posts from employees regarding Palestine. Business Insider confirmed that the letter was authored by a group of current Meta employees, some of whom have linked to the letter in personal online profiles. While some improvements were made to the products, they "were achieved only by appealing to isolated product teams, with minimal senior leadership support or resources." Are you a Meta employee or someone with a tip or insight to share?

Persons: Mark Zuckerberg, Zuckerberg, Feedback, dismissiveness, Kali Hays Organizations: Palestine, Business, UN, Meta, BI, Hamas, Google Locations: Palestine, Gaza, Meta, Israel, Russia, Ukraine, Meta's Dublin, Ukrainian, khays@businessinsider.com

☆ Gazprom plunges to first annual loss in 20 years as trade with Europe hit
▼ + stars: | 2024-05-02 | by ( ) www.cnbc.com time to read: +2 min

Kremlin-owned gas giant Gazprom said on Thursday it plunged to a net loss of 629 billion rubles ($6.9 billion) in 2023, its first annual loss in more than 20 years, amid dwindling gas trade with Europe, once its main sales market. Analysts had expected net income of 447 billion rubles, according to Interfax news agency. Gazprom's 2023 loss followed a net profit of 1.2 trillion roubles in 2022. It said on Thursday it made a net loss of 364 billion roubles from sales in 2023, in contrast to a profit of 1.9 trillion roubles in 2022. Its total revenue fell to 8.5 trillion rubles last year from 11.7 trillion in 2022.

Persons: Alexei Miller, Vladimir Putin, Ronald Smith Organizations: Gazprom, Saint Petersburg, Soviet, Analysts, BCS Global Locations: Saint Petersburg, Russia, Europe, Soviet Union, Ukraine, Moldova, St . Petersburg, Moscow

☆ Joe Biden, the Ultimate D.C. Veteran, Has Never Seen a Campaign Like This
▼ + stars: | 2024-05-02 | by ( Reid J. Epstein | More About Reid J. Epstein | ) www.nytimes.com time to read: +1 min

In October 1984, Senator Joseph R. Biden Jr. of Delaware was invited to address a conservative Baptist church near Wilmington as he campaigned for a third term. Mr. Biden, hardly the favorite of social conservatives, was in hostile political territory. But as the incumbent, he was given the first speaking slot — and he used it to hold court uninterrupted for nearly an hour. In 30 years, Mr. Biden never encountered a serious threat to his office. None of them took more than 41 percent of the vote against him.

Persons: Joseph R, Biden, Biden’s, Celia Cohen Organizations: Baptist, Biden’s Republican, “, Republican Locations: Delaware, Wilmington

Israeli Prime Minister Benjamin Netanyahu has long sought relations with Saudi Arabia, home of Islam’s holiest sites, as the move could domino across the wider Muslim world. The first component includes a package of agreements between the US and Saudi Arabia, another component has the normalization of relations between Saudi Arabia and Israel, and a third component for a pathway to a Palestinian state. The subsequent Israeli assault on Gaza, which has left the enclave in ruins and killed more than 34,000 Palestinians, may have changed the parameters of the deal for Saudi Arabia, analysts say. However, there has been no indication that the Biden administration would opt to bypass Congress for the bilateral agreement with Saudi Arabia to pass. Saudi Arabia is rich in uranium deposits and has insisted on being able to enrich it domestically, which would be a first for an Arab state.

Persons: Benjamin Netanyahu, Matthew Miller, ” Miller, Antony Blinken, ”, Blinken, Prince Mohamed bin Salman, Netanyahu, Biden, Prince Faisal bin Farhan, Israel, Lindsey Graham, ” Graham, Firas Maksad, “, Jamal Khashoggi, ” Maksad, Crown Prince, Karen Young, Edward J, Markey Organizations: CNN, State, Saudi, State Department, Abraham Accords, Israel, MBS, Saudi Foreign, Republican, Senate, Bahrain, Biden, Strategic Outreach, Middle East Institute, Washington DC, Congress, Washington Post, Crown, Columbia University’s Center, Global Energy, Neighboring United, Democratic, Nuclear Weapons, NATO Locations: Saudi Arabia, United States, Israel, Iran, Russia, China, Palestinian, Gaza, ”, Riyadh, Saudi, Washington, Turkey, “ Saudi Arabia, Emirates, Bahrain, U.S

☆ Palantir CEO calls Columbia anti-Israel protests 'pagan' and says he's dreamed of drone striking his enemies
▼ + stars: | 2024-05-02 | by ( Madison Hall | ) www.businessinsider.com time to read: +1 min

The CEO and cofounder of Palantir isn't a fan of campus protests against Israel. He called the protests "pagan" and joked that some protesters should travel to North Korea. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: Palantir, —, Alex Karp, Politico, Mike Johnson Organizations: Israel, Service, YouTube, Business Locations: North Korea, Washington, DC

☆ Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico
▼ + stars: | 2024-05-01 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its "Core" teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has learned. The Core unit is responsible for building the technical foundation behind the company's flagship products and for protecting users' online safety, according to Google's website. Core teams include key technical units from information technology, its Python developer team, technical infrastructure, security foundation, app platforms, core developers, and various engineering roles. Many Core teams will hire corresponding roles in Mexico and India, according to internal documents viewed by CNBC. Asim Husain, vice president of Google Developer Ecosystem, announced news of the layoffs to his team in an email last week.

Persons: Sundar Pichai, Asim Husain, Husain, Ruth Porat, Prabhakar Raghavan Organizations: Inc, Government, Society, Google, CNBC, Mexico City, U.S Locations: Stanford , California, India, Mexico, Sunnyvale , California, Bangalore, Brazil

☆ Eight newspaper publishers sue Microsoft and OpenAI over copyright infringement
▼ + stars: | 2024-04-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Eight U.S. newspaper publishers filed suit against Microsoft and OpenAI in a New York federal court on Tuesday, claiming the technology companies reuse their articles without permission in generative artificial intelligence products and incorrectly attribute inaccurate information to them. The group of eight newspaper publishers takes issue with ChatGPT and Microsoft's Copilot assistant — available in the Windows operating system, the Bing search engine, and other products the software maker produces. The legal challenge comes four months after The New York Times sued OpenAI over copyright infringement in the ChatGPT chatbot that the startup released in late 2022. The New York Times case also touched on the matter of OpenAI models regurgitating information from its articles. Correction: This article has been updated to reflect the correct day the lawsuit against Microsoft and OpenAI was filed.

Persons: Sam Altman, Microsoft's, OpenAI, Axel Springer Organizations: Economic, U.S, Microsoft, Bing, Southern, of, New York Daily News, Chicago Tribune, Orlando Sentinel, Sun Sentinel, The Mercury, The Denver Post, Orange County Register, Pioneer Press of Minnesota, CNBC, New York Times, OpenAI's, Financial, Google Locations: Davos, Switzerland, New York, U.S, of New York, Florida, California, Orange

☆ Saudi Arabia will 'downscale' some Vision 2030 projects amid 'challenges,' minister says
▼ + stars: | 2024-04-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Saudi Arabia's Neom project secured a $2.7 billion credit line from local lenders. The Saudi finance minister said the kingdom was "very pleased" with progress on Vision 203 goals. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSaudi Arabia is trying to counter reports that its Neom project is struggling.

Persons: —, Mohammed Al Jadaan Organizations: Saudi, Service, Business Locations: Saudi, Saudi Arabia, Riyadh, Sunday

☆ Oil prices edge higher as Netanyahu says Israel will attack Rafah with or without hostage deal
▼ + stars: | 2024-04-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Israeli Prime Minister Benjamin Netanyahu addresses the Conference of Presidents of Major American Jewish Organizations, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Jerusalem, February 18, 2024. Ronen Zvulun | ReutersCrude oil futures moved slightly higher Tuesday after Israel Prime Minister Benjamin Netanyahu dismissed hopes that a proposed hostage deal would prevent an attack on the southern Gaza city of Rafah. Here are today's energy prices: West Texas IntermediateBrentRBOB GasolineNatural Gas The U.S. is pushing for a cease-fire to head off an Israeli offensive against Rafah. But Netanyahu threatened to move against Rafah regardless of whether a hostage deal is reached. "We will enter Rafah and we will eliminate the Hamas battalions there – with or without a deal, in order to achieve the total victory."

Persons: Benjamin Netanyahu, Ronen Zvulun, Netanyahu, Brent Organizations: Major, Jewish, Hamas, Reuters, Israel, West Texas Intermediate Brent, Gas, Rafah Locations: Israel, Palestinian, Jerusalem, Gaza, Rafah, Washington

☆ Two 2024 tech laggards are driving the stock market higher Monday — here's why
▼ + stars: | 2024-04-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Driving the S & P 500 higher, ironically, are the two "Magnificent 7" stocks that have underperformed all year: Tesla and Apple . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Tesla, Elon Musk, Bernstein, There's, Cramer, Eli Lilly, Jim Cramer's, Jim, Tim Cook, Pedro Pardo Organizations: CNBC, GE Healthcare, PayPal, McDonalds, Devices, Jim Cramer's Charitable, Apple's, China Development Forum, AFP, Getty Locations: China, Wells, Wells Fargo, Eaton, Beijing

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