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☆ Earnings to be a key driver of equities this year: Merrill's Marci McGregor
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings to be a key driver of equities this year: Merrill's Marci McGregorLauren Goodwin, New York Life Investments economist, and Marci McGregor, senior investment strategist for the chief investment office at Merrill and Bank of America Private Bank, join 'Closing Bell' to discuss markets, the Fed, and the potential of the rally resuming.

Persons: Merrill's Marci McGregor Lauren Goodwin, Marci McGregor Organizations: New York Life Investments, Bank of America Private Bank Locations: New York, Merrill

☆ Did Trump’s lawyers misquote George Washington? Here’s what the first president actually said
▼ + stars: | 2024-04-25 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

CNN —Searching for some evidence that the Founding Fathers would have supported “absolute immunity” from criminal prosecution for former President Donald Trump, his lawyers have turned to George Washington. Washington’s thought does not end where Trump’s lawyers put the period. In his farewell address, the first president advised his fellow citizens that “Religion and morality” were the “great Pillars of human happiness, these firmest props of the duties of Men and citizens." Another Washington historian, Alexis Coe, who wrote a recent biography, described the Trump lawyers’ view of Washington’s farewell address as “bonkers.” She thinks that rather than trying to seek exemption from laws, Washington would find ways around them. Anything that delays Trump’s prosecution is a clear win for the former president, who is playing for time until the November election.

Persons: Donald Trump, George Washington, Washington’s, Washington, inoculate Trump, John Sauer, “, John Avlon, “ Washington, ” Avlon, Ketanji Brown Jackson, Sauer, ”, Alexis Coe, –, Coe, Doris Kearns Goodwin, Trump, Will Trump, Trump’s, Samuel Alito, Neil Gorsuch, ” Gorsuch Organizations: CNN, US, Congress, gaslight, Trump . Washington, Trump, Constitutional Locations: United States, Washington, “, New York, Trump ., Pennsylvania

☆ The FTC is fighting for your right to job-hop
▼ + stars: | 2024-04-24 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe FTC wants to give Americans the freedom to job-hop without pesky noncompete contracts getting in the way. The Federal Trade Commission voted 3-2 on Tuesday to approve a nationwide ban on noncompete agreements, the agency announced in a press release. The move could help American workers make $300 billion more a year, the FTC has previously said. Companies can keep existing contracts for some senior executives, but that will only affect about 0.75% of workers, the FTC said.

Persons: —, pesky noncompete, Evan Starr, Lina M, Khan, Suzanne P, Clark Organizations: Service, Federal Trade Commission, FTC, Business, Employers, University of Maryland, New York Times, US, of Commerce, Commerce's, National Labor Relations Locations: California , Massachusetts, Illinois

☆ House Speaker Mike Johnson calls for Columbia president's ousting, echoing a familiar and effective threat
▼ + stars: | 2024-04-24 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

House Speaker Mike Johnson wants Columbia University's President out. Johnson and other House Republicans have criticized her handling of campus protests and antisemitism. AdvertisementHouse Speaker Mike Johnson wants Columbia University's president to resign, calling her "inept" and "weak." "This president, Shafik, is shown to be a very weak, inept leader. They cannot even guarantee the safety of Jewish students?

Persons: Mike Johnson, Johnson, —, Israel's, UPenn, Claudine Gay, UPenn's Elizabeth Magill, Sally Kornbluth, Hugh Hewitt, it's, They're, Shafik, Harvard's Claudine Gay, they've, shouldn't, Anthony D'Esposito, Yuda Drizin Organizations: Columbia, Republicans, Service, Harvard, MIT, NYPD, Palestinian, NY Republican, The Washington, Columbia Jewish, Washington Post Locations: Israel, Gaza, America, Columbia

☆ Tesla found a way to get out of environmental regulations at its Texas gigafactory
▼ + stars: | 2024-04-24 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Tesla's gigafactory outside Austin won't have to follow the city's environmental regulations. Elon Musk has said the property will be an "ecological paradise," but Tesla has a history of violating the environment. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla's massive gigafactory outside Austin, Texas will no longer have to follow local environmental regulations, thanks to a recent state law. Tesla's 2,500-acre property, which includes its 10-million-square-foot electric vehicle gigafactory, is in unincorporated land on the outskirts of Austin.

Persons: Tesla's, Elon Musk, Tesla, — Organizations: EV, Service, Business Locations: Austin, Austin , Texas

☆ Former CEO of buzzy tech startup hit with prison time for fraud
▼ + stars: | 2024-04-23 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

The founder of startup HeadSpin just got an 18-month prison sentence for wire and securities fraud. Prosecutors said his sentence is a warning to other "fake it til you make it" Silicon Valley execs. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe founder of a buzzy Silicon Valley startup was sentenced to prison over a multimillion-dollar fraud scheme — and prosecutors want it to be a lesson to other "fake it til you make it" entrepreneurs. Manish Lachwani, the former CEO of app testing company HeadSpin, was sentenced on Friday to 18 months in prison, plus three years supervised release, for wire fraud and securities fraud, the Department of Justice announced.

Persons: —, Manish Lachwani, Lachwani, Lachwani's, Ismail J, Ramsey, HeadSpin Organizations: Prosecutors, Service, Department of Justice, DOJ, Lachwani, Business Locations: Silicon Valley

☆ Tesla lays off its new marketing team months after launching it: report
▼ + stars: | 2024-04-22 | by ( Grace Eliza Goodwin | Grace Kay | ) www.businessinsider.com time to read: +1 min

Tesla has eliminated about 40 marketing and advertising staff, Bloomberg reported. AdvertisementTesla appears to have pulled the plug on its short-lived marketing team. The company cut its entire US "growth content" team in its recent round of layoffs, according to a report from Bloomberg. The team included a group of about 40 people, the publication said. Tesla still has a small group of marketing employees based in Europe, a person with knowledge of the issue told Bloomberg.

Persons: Tesla, Elon Musk, — Organizations: Bloomberg, Service Locations: Europe

☆ China is getting a head start on the flying car industry: report
▼ + stars: | 2024-04-22 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

China is pulling ahead in the flying car industry. AdvertisementChina is leading the pack as the flying car industry tries to take off. Kellen Xie, the vice president of Chinese eVTOL company AutoFlight Group, told the Financial Times that the Civil Aviation Administration of China (CAAC) has been "quite supportive" of the growing industry. Related storiesXie told FT that CAAC regulators "work longer hours" and "are determined to actually speed up the process of bringing this new technology into reality." A month later, California-based startup Aska became the second eVTOL company to earn FAA certification, but Aska's prototype is more like an aircraft than a car.

Persons: AutoFlight, —, Kellen Xie, Xie Organizations: Service, AutoFlight, Financial Times, Civil Aviation Administration of China, Federal Aviation Administration, Alef Aeronautics, FAA Locations: China, Europe, California

☆ A restaurateur learned the hard way not to mess with Lauren Sánchez
▼ + stars: | 2024-04-20 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

NYC restaurateur Keith McNally insulted Lauren Sánchez in an apparently unprompted Instagram post. And his latest target is Lauren Sánchez, the fiancée of one of the most powerful people in the world, Jeff Bezos. McNally, who owns more than a dozen restaurants including NYC's famed Balthazar, wrote a seemingly out-of-the-blue Instagram post attacking Sánchez and Bezos on Monday. Chrissy Teigen commented on McNally's post, writing, "She's actually incredibly dynamic, accomplished and kind, and everyone who knows her would say the same." If his edited-down post is any indication, McNally sure learned the hard way not to mess with Sánchez, or her famous friends.

Persons: Keith McNally, Lauren Sánchez, Jeff Bezos, He's, James Corden, Adele, Instagram, —, who's, Sánchez, McNally, Balthazar, Bezos, — Lauren Sanchez —, Sanchez, MacKenzie Scott, Chrissy Teigen, She's, Jessica Seinfeld, Jerry Seinfeld, Lauren, Stephanie Ruhle, Rachel Zoe, Corden, Corden's, Megastar Adele Organizations: Service, MSNBC, Independent, Representatives, New York Times

☆ Warner Bros.' boss made bank last year, despite the Hollywood strikes
▼ + stars: | 2024-04-19 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Warner Bros. Zaslav's compensation increased despite actors' and writers' strikes, topping his 2022 earnings. Warner Bros. reported losses for the year despite Zaslav's increased compensation. The CEO of Warner Bros. Related storiesDespite both the actors' and writers' strikes that lasted nearly 4 and 5 months respectively, Zaslav's pay for the year went up.

Persons: David Zaslav, — Organizations: Warner Bros, Discovery Inc, Service, WarnerMedia, Street Journal

☆ There's a conservative 'great migration' from blue states — and one place is the big winner
▼ + stars: | 2024-04-18 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Conservatives are fleeing blue states in favor of red states. Conservatives are fed up with the cost of living, and the politics, in blue states. AdvertisementConservatives are flocking en masse from blue states to one Republican stronghold in particular: South Carolina. Chabot said blue states need to take a page out of red states' playbook. "And so if these blue states want to get better, then they need to look at what red states are doing to retain their populations and their businesses."

Persons: —, Paul Chabot, he's, Chabot, Brad Liles, homebuyers, Zillow, Washington state's, It's, Lina Brock Organizations: Service, Republican, Wall Street, The State, New York Times, Washington, Times, Furman University, Forbes, Census Bureau Locations: Carolina, South Carolina, North Carolina , Georgia, New York , California, Florida, Virginia , Pennsylvania, Texas , New Jersey, Maryland, Texas, California, Washington, Oregon, Democratic, Spartanburg, Greenville , South Carolina, United States, Greenville, Black, —

☆ Columbia's president managed to avoid the missteps of other elite colleges in heated congressional grilling
▼ + stars: | 2024-04-17 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Nemat "Minouche" Shafik, Columbia's president, appeared before the Republican-led House Committee on Education and the Workforce on Wednesday. But there was a big difference between what those presidents said at their hearing and what Shafik said at hers. Related storyHarvard President Claudine Gay answered with, "It can be, depending on the context," while MIT President Sally Kornbluth said, "I have not heard calling for the genocide for Jews on our campus." In a similarly soft response, UPenn's president Elizabeth Magill responded, "If the speech turns into conduct, it can be harassment." AdvertisementIn Wednesday's hearing, Shafik also commented on a few controversial professors.

Persons: —, Elise Stefanik, Shafik, Israel's, Claudine Gay, Sally Kornbluth, Elizabeth Magill, Magill, Kornbluth, Mohamed Abdou, Joseph Massad, Massah, Stefanik Organizations: Service, Wednesday, Columbia, Republican, Committee, Education, New York, Business, Harvard, MIT, Gay, Street Journal, Street, Middle East Institute, Hamas, African Studies Locations: Israel, Gaza, UPenn, —, Dubai, Columbia's, South

☆ Tesla gives Delaware the cold shoulder and pitches a move to Texas
▼ + stars: | 2024-04-17 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Elon Musk has disapproved of Delaware ever since a judge there ruled against his massive pay package. 2024 is the year that Tesla should move home to Texas," the proxy statement reads. "We have received letters from thousands of Tesla stockholders — large and small — supporting a move home to Texas. The proxy statement also asks shareholders to re-approve Musk's pay package, which is now valued at $47 billion. Shareholders are scheduled to vote on both proposals — the move and the pay package — in June.

Persons: Tesla, Elon Musk, —, Musk Organizations: Elon, Service, SEC Locations: Delaware, Texas

☆ Private equity finds its next bet: college admissions
▼ + stars: | 2024-04-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Now, private equity firms are swooping in to help while taking majority stakes in exchange. Last week, the company announced that it would partner with California-based private equity firm Nexus Capital Management and move its test into a for-profit company. A company owned by private equity can obfuscate what the company actually does to the public and potentially to regulators. Private equity firms “come into industries that are already suffering from a lack of funding,” said Creeks. They’ve had a lack of funding and support and so sometimes private equity is the only viable option.

Persons: New York CNN — It’s, Janet Godwin, “, ” Goodwin, ”, we’ve, Charlie Eaton, Goodwin, Critics, Constantine Yannelis, Rebecca Winthrop, They’ve, ” Powell, Jerome Powell, Powell, Bryan Mena, Chris Isidore, United, Max Organizations: CNN Business, Bell, New York CNN, ACT Inc, U.S ., ACT, Nexus Capital Management, ”, CNN, Nexus, Higher, University of California, ” Nonprofit, Nexus Capital, Savvas Learning Company, Private Equity, Project, University of Chicago Booth School of Business, Center for Universal Education, Brookings Institution, P Global Market Intelligence, College Board, Veritas Capital, “, Bank of Canada, Wilson, Fed, United, United Airlines, Boeing, Alaska Airlines, Federal Aviation Administration Locations: New York, Iowa, California, Merced, Canada

☆ Nicola Peltz Beckham's directorial debut is being slammed by critics who are calling it 'poverty porn'
▼ + stars: | 2024-04-16 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Nicola Peltz Beckham wrote, directed, and stars in the indie film "Lola" about a teen living in poverty. Peltz Beckham is the daughter of billionaire Nelson Peltz and is married to Brooklyn Beckham. AdvertisementNicola Peltz Beckham's directorial debut about a teen struggling to make ends meet in middle America is getting lambasted by critics. AdvertisementBrooklyn Beckham and Nicola Peltz Beckham have been married since 2022. Business Insider reached out to Peltz Beckham and the film's distributor Vertical Entertainment, but did not receive a response.

Persons: Nicola Peltz Beckham, Peltz Beckham, Nelson Peltz, Brooklyn Beckham, —, Nicola Peltz Beckham's, Lola, Lola James, Arlo, Luke David Blumm, Peltz, She's, David, Victoria Beckham's, Serena Williams, Kevin Winter, who's, Bates, WWD, Babina, Raven Goodwin, Angela, Will Peltz, Brooklyn, Kady Ruth Ashcraft, it's, Ashcraft, Andrew Burton Organizations: Service, Brooklyn, Anonymous, The Guardian, Spectrum, Business, Entertainment Locations: America, Palm Beach

☆ Equity markets won't see sustained downturn until earnings fall, says New York Life's Goodwin
▼ + stars: | 2024-04-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEquity markets won't see sustained downturn until earnings fall, says New York Life's GoodwinDan Greenhaus, Solus Alternative Asset Management, and Lauren Goodwin, New York Life Investments, join 'Closing Bell' to discuss the current caution towards markets, how the Fed's trajectory is impacting equity markets, and more.

Persons: Life's Goodwin Dan Greenhaus, Lauren Goodwin Organizations: Equity, Management, New York Life Investments Locations: New, New York

☆ Watch CNBC's full interview with Solus Alternative's Dan Greenhaus and New York Life's Lauren Goodwin
▼ + stars: | 2024-04-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Solus Alternative's Dan Greenhaus and New York Life's Lauren GoodwinDan Greenhaus, Solus Alternative Asset Management, and Lauren Goodwin, New York Life Investments, join 'Closing Bell' to discuss the current caution towards markets, how the Fed's trajectory is impacting equity markets, and more.

Persons: Solus Alternative's Dan Greenhaus, Life's Lauren Goodwin Dan Greenhaus, Lauren Goodwin Organizations: Management, New York Life Investments Locations: New, New York

☆ Stock futures are little changed after Dow's sixth straight losing day: Live updates
▼ + stars: | 2024-04-15 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

U.S. stock futures were little changed Monday night after a losing day for the major benchmarks. S&P 500 futures and Nasdaq 100 futures flickered near the flatline. The 30-stock Dow dropped 248 points, or 0.65%, in its sixth straight losing day. Those losses follow a rise in yields that had investors shrugging off strong earnings from Goldman Sachs , as well as hot retail sales data. Big bank earnings are set to continue Tuesday, with the release of results from Bank of America, Johnson & Johnson and Morgan Stanley.

Persons: Dow, Goldman Sachs, we're, Lauren Goodwin, CNBC's, Johnson, Morgan Stanley Organizations: Dow Jones Industrial, Nasdaq, Treasury, Saturday, New York Life Investments, Bank of America, United Airlines, Traders Locations: Israel, U.S, UnitedHealth

☆ Oakland airport is adding 'San Francisco' to its name. SF is appalled.
▼ + stars: | 2024-04-12 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Oakland officials voted to add "San Francisco" to their city's airport name. San Francisco is not having it. Oakland officials say the name change would bring more travelers to their airport, bolstering the city's economy. AdvertisementOakland Airport wants what San Francisco has — its name. The Port of Oakland's Board of Commissioners decided in a unanimous vote on Thursday to change the name of their airport from "Metropolitan Oakland International Airport" to "San Francisco Bay Oakland International Airport."

Persons: — Organizations: Oakland, Service, Oakland's, Metropolitan Oakland International, Francisco Bay, International, Business Locations: Francisco, San Francisco Bay

☆ Hackers from China and Russia are finding cracks in Microsoft's security
▼ + stars: | 2024-04-12 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewChina and Russia keep finding ways to get past Microsoft's security systems. Advertisement"Midnight Blizzard's successful compromise of Microsoft corporate email accounts and the exfiltration of correspondence between agencies and Microsoft presents a grave and unacceptable risk to agencies," CISA wrote in its emergency directive. AdvertisementLast week, the US Department of Homeland Security released a report from the Cyber Safety Review Board (CSRB) detailing a "cascade" of "avoidable errors" in the company's security systems. A Microsoft spokesperson told BI of the latest Russian attack: "As we discover secrets in our exfiltrated email, we are working with our customers to help them investigate and mitigate.

Persons: —, CISA, Jen Organizations: Service, Infrastructure Security Agency, Microsoft, Business, Blizzard, Midnight Blizzard, US Department of Homeland Security Locations: China, Russia, Russian, U.S

☆ AI companies are hiring gig workers to write essays that can train AI
▼ + stars: | 2024-04-11 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Companies are hiring highly educated gig workers to write training content for AI models. AI could run out of data to learn from by 2026, one research institute has warned. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs artificial intelligence models run out of data to train themselves on, AI companies are increasingly turning to actual humans to write training content. For years, companies have used gig workers to help train AI models on simple tasks like photo identification, data annotation, and labelling.

Persons: — Organizations: Service, Business

☆ O.J. Simpson dead at 76, family announces
▼ + stars: | 2024-04-11 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: 1 min

Simpson, the ex-football star who was acquitted of murder at his highly publicized trial in 1995, died on Wednesday, his family announced. AdvertisementSimpson had been diagnosed with cancer, his family said. "He was surrounded by his children and grandchildren," they wrote in a post on X.Simpson was 76. This story is developing. Please check back for updates.

Persons: O.J, Simpson

☆ Internet providers have to start using this 'nutrition facts' label that breaks down fees
▼ + stars: | 2024-04-10 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

"Nutrition facts" style labels for internet plans are finally a reality. As of Wednesday, the FCC now requires internet providers to break down costs and services for customers. That includes companies that provide both home, or fixed, internet services, as well as mobile broadband. AdvertisementAnd the labels aren't just designed for new customers — internet service providers must also make them available to current customers in their online account portals and provide the label when a customer asks for it. "The labels are modeled after the FDA nutrition labels and are intended to help consumers comparison shop for the internet service plan that will best meet their needs and budget."

Persons: — Organizations: FCC, Service, Federal Communications Commission, Reuters, Google, Verizon

☆ GOP-run states are warning that they could keep Biden off the ballot
▼ + stars: | 2024-04-10 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

AdvertisementOhio and Alabama — both GOP-run states — are saying they might not allow Biden on the ballot this November. Mike DeWine, has also flagged that the Democratic convention is happening after Ohio's own August 7 deadline. Like Alabama, Ohio requires political parties to give their official nominations before the deadline if they want to appear on the ballot. "Joe Biden will be on the ballot in all 50 states," a spokesperson for the Biden campaign said in a statement shared with BI. AdvertisementWhile Alabama is a deep-red state, Ohio is much more competitive, though it has trended more Republican-leaning in recent years.

Persons: Biden, —, Wes Allen, doesn't, Allen, Democratic National Convention —, Trump, Mike DeWine, Ben Kindel, Kindel, Paul DiSantis, it's, Joe Biden Organizations: GOP, DNC, Service, Alabama's, Alabama Democratic Party, Democratic National Convention, Republican National Convention, Republican, Alabama, Business, GOP Gov, Democratic, RNC, Ohio, State, BI, Ohio's Democratic, Chair Locations: Ohio, Alabama, Alabama , Ohio, Alabama , Illinois, Montana, Washington

☆ Microsoft is about to pump billions more into AI data centers
▼ + stars: | 2024-04-09 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Microsoft plans to invest $2.9 billion in AI data centers in Japan by 2025, according to reports. In November, Microsoft announced it'd spend roughly $3 billion on AI data centers in the UK. AdvertisementMicrosoft is investing some serious capital in new AI data centers, and Japan is the latest country to benefit. The tech giant plans to pour $2.9 billion into AI data centers in Japan by 2025, according to reports in Reuters and Nikkei Asia. As part of its investment — the company's largest ever in Japan — Microsoft will place advanced AI semiconductors in two of Japan's existing data centers, Nikkei Asia reported.

Persons: it'd, — Organizations: Microsoft, Service, Nikkei, Business Locations: Japan, Nikkei Asia

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