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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

☆ Costo's quirky culture means the finance chief won't get his own parking spot
▼ + stars: | 2024-04-25 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +3 min

Costco's new CFO won't inherit his predecessor's parking spot, as he hasn't served enough time there yet. Some employees have stayed at the company for over 30 years, and several execs started out working on the shop floor. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCostco's CFO, Robert Galanti, retired in March after 40 years at the company, but the new CFO won't be so quick to fill in his parking spot. Reserved parking spaces at Costco are based on tenure rather than seniority, The Wall Street Journal reported.

Persons: hasn't, —, Robert Galanti, Gary Millerchip, Galanti, Ron Vachris, Todd Thull, John Conlon, he's, Craig Jelinek, " Jelinek, didn't Organizations: Costco, Service, Street Journal, Business Locations: Costco, Issaquah , Washington

☆ Zuck's new AI drop is cool and all, but he's still playing catch-up with Sam Altman
▼ + stars: | 2024-04-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Mark Zuckerberg just dropped Meta's new AI models. Bt what Llama 3 does not do is beat OpenAI's GPT-4. AdvertisementPerhaps the most important detail was that Meta's open-source models will soon be on par with their closed-source counterparts. For open-source AI developers, that'll be a huge deal. The AI models they were working on looked pretty rudimentary as recently as last year as they struggled to complete sentences without repeating themselves.

Persons: Mark Zuckerberg, OpenAI's GPT, —, Meta, Nick Clegg, Claude, OpenAI's, that'll, Sharon Zhou, Sam Altman's, Sam Altman, Justin Sullivan, Google's, That's, Jim Fan, Altman, Zuckerberg, Gary Marcus Organizations: Service, Financial, Google, GPT, Nvidia, Facebook, New York University

☆ K-pop stocks have sold off this year, but Goldman sees a turnaround
▼ + stars: | 2024-04-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

Goldman Sachs, however, expressed optimism for the industry in a March 14 report, saying the K-pop sector is "misunderstood." Nonetheless, Goldman Sachs said it sees a "high potential for valuation re-rating," as companies still continue to deliver multi-year earnings growth. Goldman pointed out that Japan's top talent agency Johnny & Associates has been mired in a major scandal, leading to the industry turning more favorable to K-pop artists. In 2023, Kouhaku Uta Gassen, the largest music show in Japan, invited five K-pop artists and two localized groups produced by K-pop companies. It was the first time the show has featured male K-pop artists since 2011 and the largest number of K-pop groups ever featured in its line up.

Persons: Danielle, Hyein, NewJeans, Gary Miller, Goldman Sachs, Karina, Goldman, Kouhaku Uta Gassen Organizations: Park, Filmmagic, JYP, YG Entertainment, SM Entertainment, Hybe, SM, Johnny, Associates Locations: CHICAGO , ILLINOIS, Chicago , Illinois, Japan, U.S

☆ Analysts are saying this chipmaker, which just held an AI event, is the most levered to the trend besides Nvidia
▼ + stars: | 2024-04-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors may want to keep an eye on Marvell Technology , as it is poised for artificial intelligence success, according to Wall Street analysts. The commentary comes on the back of the chipmaker's AI event on Thursday, where it announced a new compute customer many speculate could be Microsoft. On the back of the event, Wells Fargo analyst Gary Mobley lifted 2025 revenue and earnings per share estimates to account for a quicker ramp in AI sales. While Morgan Stanley continues to view the stock as an AI winner, analyst Joseph Moore noted he still favors Nvidia. That is in part due to the "sideways" action Marvell has experienced over the past year and its elevated multiple.

Persons: MRVL, Timothy Arcuri, Arcuri, JPMorgan's Harlan Sur, Goldman Sachs, Toshiya Hari, Wells, Gary Mobley, Morgan Stanley, Joseph Moore, Marvell Organizations: Marvell Technology, Wall Street, UBS, Microsoft, Marvell, Nvidia Locations: CY28, Wells Fargo

☆ CEOs bet up to $10 million to prove Elon Musk's AI prediction wrong
▼ + stars: | 2024-04-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Gary Marcus, the founder and CEO of Geometric Intelligence, a machine learning AI startup acquired by Uber in 2016, doesn't agree with Musk's AI predictions. AdvertisementDear @elonmusk,$1 million says your latest prediction – that AI will be smarter than any individual human by the end of 2025 – is wrong. "We should want the world to find better, more trustworthy ways to build AI," Marcus said. "I was actually quite supportive of Musk," Marcus said. Marcus told BI he believes AI could help humanity, but he's much less optimistic about AI being trustworthy in the near future.

Persons: —, Elon, Musk, Nicolai Tangen, he's, Gary Marcus, doesn't, Gary P.S, @GaryMarcus, Damion Hankejh, Hankejh, Marcus, Musk hasn't, it's, hasn't, Musk's, AGI, they're, He's, there's, OpenAi Organizations: Service, Norges Bank, Business, Geometric Intelligence, Uber, Investor

☆ Kendrick Lamar spells out what he hates about Drake in new diss track, 'Euphoria.' Here's their beef explained.
▼ + stars: | 2024-04-08 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +19 min

Kendrick Lamar responded to Drake with a new diss track, "Euphoria," as their beef rages on. AdvertisementKendrick Lamar has taken aim at Drake for a second time with his new diss track, "Euphoria," amid the hip-hop heavyweights' feud. Advertisement"He doesn't have the heart for the lying, disrespect, and animosity it requires to make an effective diss track," Pierre wrote. A 'Drake' diss track appears online – but fans are wary it's AI-generated. Later in the track, Drake references Cole's diss track and apology.

Persons: Kendrick Lamar, Drake, Lamar, Taylor, —, Lamar dissed Drake, J, Cole, Rick Ross, Cole —, he's, 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, “ Organizations: Metro Boomin, Service, Future, Metro, HBO, Wireless, Lamar, Big, Rocky, Rap Locations: Lamar, Canadian, Florida

Meanwhile, Wells Fargo called for 20% upside for Meta Platforms and raised one of its estimates for the company's ad sales. Despite those positive trends, the new price target from KBW is still below the stock's closing level on Tuesday of $245.84. — Jesse Pound 5:53 a.m.: Redburn Atlantic upgrades UPS UPS could be in for strong gains after a slow start to the year, according to Redburn Atlantic. Analyst Oliver Holmes upgraded the package delivery giant to buy, raising its price target to $180. "We believe UPS is at, or close to, trough revenue, volume, margin and share price levels," Holmes wrote to clients.

Persons: Wells, Tesla, Gary Mobley, Wolfspeed, Mobley, Wells Fargo, — Jesse Pound, Ronald Jewsikow, Guggenheim, Jewsikow, Richard Shane, Shane, Coinbase, Keefe, Kyle Voigt, Voigt, Ken Gawrelski, Gawrelski, Oliver Holmes, Holmes, Fred Imbert, ~ ~ . Organizations: CNBC, Wednesday, UPS, Hyundai, Guggenheim, JPMorgan, ADV, SEC, Meta, Wall, ~$ Locations: Wells Fargo, 4Q23 ., Tuesday's

☆ Jim Cramer sees Ford and Costco nearing buy levels. Here's the story behind each
▼ + stars: | 2024-04-03 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Ford and Costco are approaching good levels to pick up additional shares, according to Jim Cramer. "Costco shares have given back some recent gains but business is strong," said Jeff Marks, the Club's director of portfolio analysis. Ford fundamentals Shares of Club name Ford rose 2.8% to $13.65 each Wednesday after vehicle sales in the first quarter grew 6.8%. "These numbers do not show the profitability of Ford," Jim said Wednesday, suggesting investors should value the company at higher levels. Ford shares need to catch up to crosstown rival General Motors , he argued.

Persons: Jim Cramer, Jeff Marks, Jim, Gordon Haskett, I'm, Craig Jelinek, Rich Galanti, Ron Vachris, Gary Millerchip, Jim Cramer's, Charly Triballeau Organizations: Ford, Costco, University of Michigan, Motors, GM, Wall, CNBC, AFP, Getty Locations: Inwood , New York

☆ It looks like it could be the end of the AI hype cycle
▼ + stars: | 2024-04-03 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewSome AI leaders are starting to ask themselves the question: should we be buying the hype? Almost a year and a half on from the launch of ChatGPT, the hype around the technology is seemingly everywhere. AI image generator Stability AI also lost its chief, Emad Mostaque, amid reports of financial pressure. Others though, like Google deep learning expert François Chollet, are keen to stress just how far off human intelligence today's AI models actually are. Until some real signs of money-making, human-level intelligence do emerge, expect more to call it all hype.

Persons: —, Bill Gates, Elon Musk, it's, Gary Marcus, Sam Altman, Marcus, GmjUDKhc6k — Gary Marcus, @GaryMarcus, Mustafa Suleyman, Emad Mostaque, Eric Schmidt, Demis Hassabis, Musk, François Organizations: Service, Business, Google, Invest, Investors, New York University, Nvidia, NVidia, Blackwell, Microsoft, Financial Locations: OpenAI, Sequoia

On Tuesday, lawyers for Ms. Lake indicated she would not dispute the facts of a defamation lawsuit that Stephen Richer, the Maricopa County recorder, had filed against her. But they seem to be more durable and pervasive in Maricopa County, home to Phoenix, riling up residents long after campaigns have closed up shop. Credit... Rebecca Noble for The New York TimesThe numbers back up Arizona’s outsize role in election fraud claims. At a news conference on Monday, Gary M. Restaino, the U.S. attorney for Arizona, said seven of the nation’s roughly 18 federal cases regarding election threats involved people targeting Arizona election officials, though the suspects are not Arizonans. Image Bill Gates, a Maricopa County supervisor, during Arizona’s primary presidential election in Phoenix earlier in March.

Persons: Joseph R, Biden, Donald J, Kari Lake, Trump, baselessly, hasn’t, Lake, Stephen Richer, Richer, —, ”, Joshua Garland, Rebecca Noble, Gary M, “, Mr, Restaino, Lake’s, ” Mr, they’re, Katie Hobbs, Bill Gates, Gates, Lake —, ‘, ’ ‘, ’ ”, “ It’s Organizations: Republican, Arizona State University, “, The New York Times, Arizona, U.S, Supreme, Lake’s Democratic, Mr, Republicans Locations: Arizona, Maricopa, Maricopa County, Phoenix, Georgia, U.S, . Credit, Gitmo

☆ Leo Varadkar: What was behind Irish PM’s shock resignation?
▼ + stars: | 2024-03-24 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +7 min

CNN —Prime Minister Leo Varadkar sent shockwaves through Ireland when he candidly announced last week that he was “no longer the best person” to lead his country. Irish Times political correspondent Jennifer Bray was given less than an hour’s notice of the surprise statement from the taoiseach on Wednesday. His successor, largely tipped to be Higher Education Minister Simon Harris, will need to lead the center-right political party, Fine Gael, against a fired-up opposition. The 37-year-old who rose to prominence during his spell as health minister during the pandemic is considered by many to be a “mirror image” to Varadkar, Murphy said. Mary Lou McDonald, president of opposition party Sinn Fein, which has been making steady gains since 2020.

Persons: Leo Varadkar, Ireland’s, Varadkar, Joe Biden, Jennifer Bray, Bray, ” Gary Murphy, ”, ” Murphy, “, Simon Harris, Murphy, Varadkar “, Boris Johnson “, resoundingly, Nick Bradshaw, Paschal Donohoe, Harris, Tik Tok, “ Simon Harris, ” Bray, Mary Lou McDonald, Sinn Fein, Charles McQuillan, Sinn Féin Organizations: CNN —, Israel, Irish Times, Wednesday, CNN, Dublin City University, Higher Education, Fine Gael, Irish, Catholic Church Locations: shockwaves, Ireland, Gaza, Irish, Brussels, United Kingdom, Bray, Varadkar

☆ Homeowners spent $600,000 on a sand dune to protect their homes from coastal erosion. It collapsed after just 3 days.
▼ + stars: | 2024-03-18 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +9 min

Salisbury Beach residents pooled funds for a sand dune to protect their homes from coastal erosion. But "king" high tides washed away half of the human-made dune after only three days. The project, organized by the community nonprofit Salisbury Beach Citizens for Change, built a human-made sand dune along the beach to block floodwaters from reaching homeowners' properties. This video posted on the SBCFC facebook page shows the final stages of construction for the Salisbury Beach human-made dune. Seeding sand dunes with grass anchors sand in place, fortifying dunes against erosion from waves and wind, according to UMass Amherst.

Persons: Mary away, Tom Saab, SBCFC, Jens Figlus, They're, Figlus, DCR, Healey, Driscoll, Gary Miles, Ken Wiedemann, — you've Organizations: Service, Salisbury Beach Citizens, Salisbury, SBCFC, Business, Saab, Homeowners, State, Texas, M University, Massachusetts Department of Conservation, Driscoll Administration, Salisbury Beach, Coast, UMass Amherst Locations: Salisbury Beach, Salisbury Beach , Massachusetts, Salisbury, The Massachusetts, State, Massachusetts, Sandwich

☆ ChatGPT is losing its mind and no one seems to know why
▼ + stars: | 2024-02-21 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Users started to wonder if the OpenAI's chatbot was malfunctioning after it spouted "Spanglish." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Muchas gracias for your understanding, y I’ll ensure we’re being as crystal clear como l’eau from now on,” ChatGPT wrote. chatgpt is apparently going off the rails right now and no one can explain why pic.twitter.com/0XSSsTfLzP — sean mcguire (@seanw_m) February 21, 2024Another user asked ChatGPT about the difference between mattresses in different Asian countries. Its status dashboard first noted it was “investigating reports of unexpected responses from ChatGPT” on February 20.

Persons: —, OpenAI’s, Sean McGuire, ”, ” ChatGPT, Bill Evans, 0XSSsTfLzP — sean mcguire, ChatGPT, hasn’t, ” OpenAI, ChatGPT ”, It's, OpenAI, Gary Marcus, — Gary Marcus, @GaryMarcus, Marcus Organizations: Service, Microsoft, Business Locations: GPT

☆ 5 reasons to own Costco despite premium valuation and near record high stock price
▼ + stars: | 2024-02-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

BMO Capital Markets increased its Costco price target to $770 per share from $700 and kept its buy-equivalent outperform rating on the stock. After last week's release of solid January sales, Costco got a slew of price target raises. COST YTD mountain COST stock price year to date. Costco shares are high in price and also expensive on a valuation basis. Costco stock caught a series of analyst price target increases following last week's strong sales report for the retail month of January.

Persons: Rich Galanti, Gary Millerchip, Galanti, Costco's, Jim Cramer's, Jim Cramer, Jim Organizations: Costco, BMO Capital Markets, BMO, Walmart, Target, Analysts, Gold, UBS, CNBC, Kroger Locations: U.S, Canada, Mexico, North America, United States, South America, China, Shanghai

But the blog does offer insight into how U.S. geopolitical rivals have been using large-language models to expand their ability to more effectively breach networks and conduct influence operations. But criminals and offensive hackers use it as well, and the introduction of large-language models led by OpenAI's ChatGPT upped that game of cat-and-mouse. — Iran's Revolutionary Guard has used large-language models to assist in social engineering, in troubleshooting software errors, and even in studying how intruders might evade detection in a compromised network. “Of course bad actors are using large-language models — that decision was made when Pandora’s Box was opened," said Amit Yoran, CEO of the cybersecurity firm Tenable. Some cybersecurity professionals complain about Microsoft's creation and hawking of tools to address vulnerabilities in large-language models when it might more responsibly focus on making them more secure.

Persons: —, OpenAI, ”, OpenAI's ChatGPT, Malaysia —, Amit Yoran, Gary McGraw, Edward Amoroso Organizations: BOSTON, — Microsoft, Microsoft, Korean, Guard, Cybersecurity, Infrastructure Security Agency, Google, Meta, Berryville Institute of Machine Learning, NYU, T Locations: Iran, North Korea, Russia, China, Redmond, Washington, OpenAI, Russian, Ukraine, France, Malaysia

☆ Expecting more sell-offs? These low-volatility fortresses can defend your portfolio and grow
▼ + stars: | 2024-02-13 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Tuesday's inflation data sent the broader market reeling, making stable stocks more attractive for investors worried about further losses. Because of this, CNBC Pro screened for low-volatility, fortress-like names that can perform well if the drawdown continues. She pointed to growth of a media business as something that could help Costco win market share and create a better margin profile. While more than three out of every five analysts polled by FactSet has a buy rating on the stock, the typical price target reflects shares pulling back by 1.5%. The average price target reflects the likelihood for more rallying ahead with an upside of nearly 15%.

Persons: Strong, Berkshire Hathaway, Warren Buffett, Tesla, Richard Galanti, Gary Millerchip, Goldman Sachs, Kate McShane, McShane, FactSet, Ben Reitzes Organizations: Federal Reserve, Treasury, CNBC Pro, Berkshire, Berkshire Hathaway, Costco, Kroger, Microsoft, Big Technology, Melius

☆ Friday analyst calls: Street sticking with Pinterest, Citi upgrades Liberty Global, United Airlines could surge
▼ + stars: | 2024-02-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +11 min

United Airlines' shares got a premarket lift following an upgrade at Evercore, and Bank of America dropped its price target on Expedia. He raised the price target to $300 from $225, which implies shares could gain 14.6% from Thursday's close. He also lowered his price target to $181 from $156, which implies 13.5% upside potential from Thursday's close. ET United Airlines shares could surge 56%, according to Evercore Evercore upgraded shares of United Airlines to outperform from in-line. He reiterated his $48 price target on shares, which suggests around 18% upside from the stock's closing price on Thursday.

Persons: Pinterest, Morgan Stanley, TransDigm, CyberArk, Tal Liani, Liani, Kim, Justin, Post, Expedia, — Hakyung Kim, Goldman Sachs, Kate McShane, Gary Millerchip's, McShane, Evercore Evercore, Duane Pfennigwerth, Pfennigwerth, Morgan Stanley's, Kristine Liwag, Liwag, there's, LBTY, Georgios Ierodiaconou, Ierodiaconou, Stephen Ju, Ju, Goldman, Eric Sheridan, . Bank of America's Justin Post Organizations: CNBC, Citi, Liberty Global, United Airlines, Bank of America, Bank of America's, Palo, Costco, Incoming, Kroger, Liberty, Wall Street's, UBS, Pinterest, Google, . Bank of America's, Post Locations: underappreciated, Thursday's, Wall

☆ We Asked A.I. to Create the Joker. It Generated a Copyrighted Image.
▼ + stars: | 2024-01-25 | by ( Stuart A. Thompson | ) www.nytimes.com time to read: +8 min

It Generated a Copyrighted Image. image generator, to create an image of Joaquin Phoenix from “The Joker.” In seconds, the system made an image nearly identical to a frame from the 2019 film. Reid Southen Create an image of Joaquin Phoenix Joker movie, 2019, screenshot from a movie, movie scene Midjourney’s response Generated by A.I. Mr. Southen Create an image of Dune movie screencap, 2021, Dune movie trailer Midjourney’s response Generated by A.I. Mr. Southen Create an image of “The Last of Us 2,” Ellie with guitar in front of tree Midjourney’s response Generated by A.I.

Persons: Reid Southen, Midjourney, Joaquin Phoenix, ”, Southen’s, “ Joaquin Phoenix, Sega’s, Woody, watchdogs, Sarah Silverman, John Grisham, OpenAI, Southen, Keith Kupferschmid, Kupferschmid, Ellie, Gary Marcus, “ Marcus, ChatGPT, SpongeBob, chatbot, Kathryn Conrad, Marcus, Microsoft Bing, Mario, Conrad Organizations: Warner Bros, Marvel, The New York Times, Times, Microsoft, Copyright Alliance, New York University, Viacom, University of Kansas, Nintendo Locations: Michigan, A.I, Italian

The Wolverines might very well have their man already on campus in offensive coordinator Sherrone Moore. Political Cartoons View All 253 ImagesWith Harbaugh serving two separate suspensions this past season for potential NCAA rules violations, Michigan went 4-0 with Moore leading the team on game days. Moore was in charge when Michigan won at Penn State and against Ohio State to win the Big Ten East. Jedd Fisch, who went from Arizona to Washington to replace DeBoer, might have been an interesting candidate for Michigan, too. “So Sherrone Moore, shining star,” Harbaugh said.

Persons: Nick Saban, Jim Harbaugh, Sherrone Moore, “, Warde Manuel, Harbaugh, Moore, “ We’ve, ” Harbaugh, “ He’s, Dan Enos, Kalen DeBoer, DeBoer, Jedd Fisch, Fisch, Mike Hart, Grant Newsome, Will Johnson, Kenneth Grant, Mason Graham, Lloyd Carr, Bo Schembechler, Gary Moeller Organizations: Alabama, NFL, Los Angeles Chargers, Michigan, Penn State, Ohio State, Big, Washington, Harbaugh's, Harbaugh, ”, AP Locations: Michigan, Los Angeles Chargers . Michigan, Alabama, Washington, South Dakota, Arizona, Mason Graham . Michigan, Ann Arbor

☆ I sold my house in Austin for full price in 2 months thanks to patience and some homework
▼ + stars: | 2024-01-18 | by ( Cork Gaines | ) www.businessinsider.com time to read: +8 min

Selling a house in this market can be tricky with high mortgage interest rates and steep prices. AdvertisementSelling a home for a good price in this housing market can be challenging but not impossible. What's more, mortgage interest rates remain high compared to several years ago but have dropped slightly recently. Buyers can still beat current interest ratesMeanwhile, some potential buyers are finding creative ways to avoid high interest rates and purchase homes. While nothing is guaranteed with interest rates, this is exactly what the Fed is projected to do, holding interest rates steady in the first part of 2024 before starting to lower rates later in the year.

Persons: —, Cork, there's, Gary Miller, Austin Organizations: Austin, Service, Cork Gaines, Brigade, National Association of Realtors Locations: Austin

☆ Harvard president's resignation draws strong reactions from her critics and supporters
▼ + stars: | 2024-01-02 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Claudine Gay is out as the president of Harvard. Gay announced Tuesday in a letter that she was stepping down, and reactions have poured in on social media from both her supporters and critics. AdvertisementElon Musk voiced his agreement with a social media user's post that said Gay had been "caught plagiarizing." I admire Claudine Gay for putting Harvard's interests first at what I know must be an agonizingly difficult moment. AdvertisementNot everyone celebrated Gay's resignation.

Persons: Claudine Gay, Gay, —, Larry Summers, Gay's, Elon Musk, Emil Michael, Uber's, Alan Garber, — Lawrence H, Summers, Bill Ackman, Ackman, hasn't, Sally Kornbluth, Elizabeth Magill, it’s, 3yUDw6tciF — Emil Michael, @emilmichael, Christopher Rufo, Rufo, Elon, Jason Calacanis, Timnit Gebru, Couldn't, Gebru, Nikole Hannah Jones, Janai Nelson, Liz Magill's, Gary Marcus, Uber, Marcus Organizations: Harvard, Service, Treasury, Twitter, Billionaire, Gay, Former University of Pennsylvania, Harvard Corporation, Conservative, Google, NAACP Legal Defense, Educational Fund

So far, Woods' plans have turned investors demanding an energy transition strategy into believers - at least on climate. At the same time, the company plans to have a leading role in the vehicle electrification business. Reuters GraphicsMORE OIL VS GREEN AMBITIONExxon's ambitious agenda includes starting up the world's largest hydrogen power plant by 2027. RISKY BUSINESSThe $17 billion budget for low carbon technologies as the company's total revenue grows next year "will continue to rise", the CEO said. Spending in low carbon currently is constrained by scarcity of customers willing to sign up for contracts and insufficient regulations, Woods said.

Persons: Darren Woods, Carlos Barria, Woods, ”, Paul Sankey, Sankey, Chris James, Dan Ammann, Goldman Sachs, Neil Mehta, Ammann, Brian Weeks, Chris Bohn, Sabrina Valle, Richard Valdmanis, Gary McWilliams, Anna Driver Organizations: ExxonMobil, Economic Cooperation, REUTERS, Exxon Mobil, Natural Resources, Chevron, Reuters, Exxon, Sankey Research, Carbon Solutions, Thomson Locations: Asia, San Francisco , California, U.S, United States, Sankey, Americas, Brazil, Guyana, Texas, Gulf of Mexico, Houston, Dubai

☆ US refiner Phillips 66 retains big-name advisers for Elliott duel
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +2 min

U.S. oil company Phillips 66 headquarters in Houston, Texas, U.S., September 27, 2020. REUTERS/Gary McWilliams/File Photo Acquire Licensing RightsNov 30 (Reuters) - U.S. oil refiner Phillips 66 (PSX.N) has retained two top financial and legal advisers for its duel with activist investor Elliott Investment Management, according to a person familiar with the matter. Elliott wants two board seats to be filled by executives with refining experience and faster action on restructuring the fourth-largest U.S. oil refiner to improve its lagging financial performance, the New York activist said on Wednesday. Phillips 66 is relying on financial and legal advice from Goldman Sachs (GS.N) and Wachtell, Lipton, Rosen & Katz, the person familiar with the matter said. A Phillips 66 spokesman declined to comment on the advisers or whether it has new meetings scheduled with the activist.

Persons: Gary McWilliams, refiner Phillips, Elliott, Phillips, Goldman Sachs, Lipton, Katz, Tudor Pickering Holt, Matthew Blair, Blair, David French, Chizu Organizations: Phillips, REUTERS, Elliott Investment Management, New, Wachtell, Rosen, Tudor Pickering Holt & Co, Chevron, Thomson Locations: Houston , Texas, U.S, New York, Houston, CPChem

☆ We just got the clearest sign yet that grocery price increases are slowing down
▼ + stars: | 2023-11-30 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Food inflation is slowing down heading into 2024, according to the largest supermarket chain in the US. Executives at Kroger said they expect food inflation "in the low single-digits'" in the new year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Food inflation peaked over the last two years in June 2022, when federal data showed prices rising 9%. Walmart is also expecting relief from food inflation, CEO Doug McMillon said earlier this month.

Persons: —, Gary Millerchip, Kroger, Millerchip, Rodney McMullen, Doug McMillon Organizations: US, Kroger, Service, Bank of America, Walmart Locations: Nashville , Tennessee

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