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At his annual shareholder meeting in Omaha, Nebraska, the 93 year-old co-founder, chairman and CEO of Berkshire Hathaway issued a stark warning about the potential dangers of the technology. “We let a genie out of the bottle when we developed nuclear weapons,” he said Saturday. JPMorgan Chase, the world’s largest bank by market capitalization, is also exploring the potential of generative AI within its own ecosystem, Dimon said. Dozens of AI industry leaders, academics and even some celebrities have signed a statement warning of an “extinction” risk from AI. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the statement said.
Persons: New York CNN — Warren Buffett, Berkshire Hathaway, , Greg Abel, Buffett, , Abel, isn’t, Buffett Buffett, JPMorgan Chase, Jamie Dimon, Dimon, Jeffrey Sonnenfeld, Sonnenfeld, Doug McMillion, James Quincy, Sam Altman, Geoffrey Hinton Organizations: New, New York CNN, Berkshire, International Monetary Fund, Industries, Nvidia, Microsoft, scamming, JPMorgan, JPMorgan Chase, Software, Yale, Summit, CNN, Walmart, Xerox, Google Locations: New York, Omaha , Nebraska, Omaha, scamming
One of Jeff Ross' jokes during Tom Brady's Netflix roast didn't land well with the NFL champion. The joke referenced a 2019 prostitution scandal involving New England Patriots owner Robert Kraft. AdvertisementHe then blew a kiss towards Kraft, pointed at him, and said, "I love Robert Kraft." I love what you do for the Jews, Robert Kraft. "The Greatest Roast of All Time: Tom Brady" aired as part of the Netflix Is A Joke, the streamer's 12-day-long live comedy festival taking place in LA.
Persons: Jeff Ross, Tom Brady's, Robert Kraft, Brady, Ross, , Tom Brady, Gisele Bündchen, Tom, Robert Kraft's, Kraft, Donald Trump, Jon Bon Jovi, Jamie Foxx, Kevin Hart, Bert Kreischer, Tom Segura, Nikki Glaser, Andrew Schulz, Tony Hinchcliffe, Sam Jay Organizations: NFL, New England Patriots, Service, Netflix, Famer, Hamptons Locations: England, New England, Florida, Qatar, LA
How a Tiny Chicago News Organization Won 2 Pulitzers
  + stars: | 2024-05-06 | by ( Benjamin Mullin | ) www.nytimes.com   time to read: +1 min
When Jamie Kalven met Yohance Lacour in 2017, the two men quickly realized they had something important in common. Mr. Kalven, the founder of the Invisible Institute, a nonprofit Chicago newsroom, was working in Chicago’s Stateway Gardens housing development in 1997 when a vicious hate crime wounded the community there deeply. And Mr. Lacour helped a local newspaper cover that story at the time. Mr. Lacour’s podcast won one of two Pulitzers this year for the Invisible Institute, a small, crusading newsroom on Chicago’s South Side known for holding city authorities to account. The other prize, for local reporting, went to the organization’s data director, Trina Reynolds-Tyler, who reported an investigative series on missing Black girls and women in Chicago.
Persons: Jamie Kalven, Yohance Lacour, Kalven, Lacour, Kalven’s, , Trina Reynolds, Tyler Organizations: Invisible Institute, Monday Locations: Chicago
Lauren Sánchez made her debut at the Met Gala on Monday night. AdvertisementLauren Sánchez has officially made her Met Gala debut. Lauren Sánchez attends the 2024 Met Gala. She told Vogue that she wanted something different for her first Met Gala than the "extremely sexy, low cut" styles she usually favors. Now, with a Met Gala under her belt, it's clear Sánchez hopes to join the ranks of fashion's biggest power players.
Persons: Lauren Sánchez, Oscar de La, Anna Wintour, Sánchez, , Jeff Bezos, la, Jamie McCarthy, Vogue, It's, Bezos, Chrissy Teigen, Jessica Seinfeld, Keith McNally Organizations: Service, Vogue, White House, fashion's Locations: Hollywood
The University of Chicago has built a brand around the idea that its students should be unafraid to encounter ideas or opinions they disagree with. To drum that in, the school provides incoming students with copies of its 2014 free-speech declaration, known as the Chicago statement, which states that freedom of expression is an “essential element” of its culture. That neutrality, the university argues, allows for a robust, unencumbered exchange of ideas. Many professors swell with pride talking about how the school’s commitment to these principles has endured through two world wars, Vietnam and, more recently, the tumult of the Trump administration. And more than 100 institutions have adopted or endorsed similar principles.
Persons: Trump Organizations: University of Chicago Locations: Chicago, Vietnam
Inflation canceled that, and now it's almost certain that Wall Street's summer is canceled, too. That means Wall Street's fantasies of decamping to the Hamptons for the summer have shattered. You can see why this tug-of-war will keep Wall Street on its toes and off Georgica Beach. There is a certain set on Wall Street that does not get to "rosé all day" on Hamptons summer water when currencies trade that way. The simplicity that Wall Street hoped for is one of the few options that's no longer on the table.
Persons: , Justin Simon, decamping, Jerome Powell, opportunistically, Jamie Dimon, Torsten Slok, Slok, Powell, we'd, David Lefkowitz, dory, McDonald's, Silas Myers, Wall, Zuck, Simon, they're, it's Organizations: Federal Reserve, Jasper Capital, Nasdaq, Hamptons, JPMorgan, Fed, Pepsi, Mar Vista Investments, Wall, Nvidia, Tesla, Microsoft, Meta, Apple, EU Locations: Georgica, Japan
I stopped shopping at Whole Foods in 2012, but recently went back to see if anything had changed. I eventually realized that other supermarkets better supported my shopping habits and lifestyle, and I stopped going to Whole Foods in 2012. Now, I can easily visit Wegmans for plant-based foods and shop at Safeway for milk alternatives or locally-produced ice cream, so Whole Foods no longer stands out. I found the prices at Whole Foods to be expensiveSmall snacks and produce at Whole Foods are usually more expensive than at other supermarkets. AdvertisementI did see products from the 365 label, Whole Foods' house brand, that were cheaper than similar items at the store.
Persons: , I've, Jamie Davis Smith, gelato, what's, I'm Organizations: Foods, Service, Amazon, Safeway, Whole Foods Locations: Washington ,
The Miami Grand Prix took place this weekend. AdvertisementBillionaires mingled with athletes and celebrities this weekend during the Miami Grand Prix. The third-annual Miami Grand Prix officially kicked off on Friday, with racers like Max Verstappen and Daniel Ricciardo duking it out on the Miami International Autodrome. Alexander Tamargo/Getty ImagesElon Musk also made an appearance during the Miami Grand Prix weekend. Alexander Tamargo/Getty ImagesAlthough the Miami Grand Prix is a spectacle that draws F1 fans from all walks of life, it also helps boost the local economy.
Persons: Jeff Bezos, Elon Musk, , Max Verstappen, Daniel Ricciardo duking, Tom Brady, Clive Rose, Page, Miami Mayor Francis Suarez, Alex Spiro, Jamie Saltar, Brady isn't, Bezos, Brady, Ken Griffin, Alexander Tamargo, Musk, Ken Griffins, Jared Kushner, Ivanka, Romain Maurice, Ivanka Trump, LeBron James, Patrick Mahomes Organizations: Miami, Prix, Elon, Service, Miami Grand Prix, Miami International, NFL, Sports Illustrated, Miami Mayor, Getty, Express, Citadel, Citadel Securities, Ivanka Trump, Los Angeles Lakers, Kansas City Chiefs, Athletic Locations: SoFlo, Miami, Bezos, Citadel, Chicago, South Florida, Miami , Florida
My brother and I were raised by our grandparents, who had a different last name than we did. When he decided he wanted to change his last name to theirs, I didn't understand at first. My grandparents raised me and my brother, Jamie. AdvertisementI didn't understand when my brother took my grandparents' last nameThe name belonged to the step-grandfather raising us alongside our biological maternal grandmother, and was of Irish origin. Nicole Johnson didn't understand at first why her brother Jamie would want to have the same last name as his grandparents.
Persons: , Jamie, Douglas, Nicole Johnson, Nicole Johnson Ugh, Nicole, overdosed, she'd, Nicole Johnson didn't, I'd, Johansson, Johnson Organizations: Service Locations: California, Boston
Youth unemployment, income inequality, regional disparities, and Russian oil remain big problems. But the work starts there, as he'll have to navigate thorny issues such as youth unemployment, income inequality, and reliance on sanctioned Russian oil. "The other key economic policy was JAM — the trinity of bank accounts for the poor, mobile numbers and a biometric card. Indian demand for Russian oil has cooled in recent months as new sanctions have made it more expensive, but the buying remains controversial. Alexandr Demyanchuk/AFP/Getty ImagesIndia the IT hubUnder Modi, India has made big strides in modernizing its economy, combating bureaucracy, and appealing to foreign investors.
Persons: Narendra Modi, Elon Musk, Jamie Dimon, Tim Cook, , Modi, Goldman Sachs, JPMorgan's Dimon, He's, Musk, Apple's Cook, Joe Biden, Sundar Pichai, Anna Moneymaker, Jensen Huang, Satya Nadella, Alphabet's Sundar Pichai, Richard Rossow, Demonetisation, Kunal Sen, Sen, Tim Graham, Rossow, tycoons Mukesh Ambani, Gautam Adani, Mukesh Ambani, Isha Piramal, Rihanna, Shloka Mehta Ambani, Akash Ambani, Radhika Merchant, Anant, Radhika, Ambani, they'd, Neelima Jain, Vladimir Putin, Alexandr Demyanchuk, Sanjay Shetty, Shetty Organizations: Service, titans, Monetary Fund, Gross, World Bank, Economic, of New, Google, Apple, Nvidia, Microsoft, India, Studies, Center for Strategic & International Studies, United Nations, United Nations University World Institute for Development Economics, University of Manchester, International Labor Organization, Oxfam, Bloomberg, Reliance Industries, Adani, CSIS, Indian, Shanghai Cooperation Organisation, Getty, Modi, Big Tech, Randstad, Economic Times Locations: India, Britain, Japan, Germany, China, of New York, Nimaj, Rajasthan, North Korea, Bihar, Uttar Pradesh, Russia, Ukraine, Europe, Moscow, Western, Samarkand, AFP, Randstad India
Learn moreIt's time for UFC 301, which will see Brazilian Alexandre Pantoja defend his title against Australian Steve Erceg. ET / 3 a.m. BST (Sun) / 10 a.m. AWST (Sun)How to watch UFC 301 in the USAs usual, UFC 301's main event will stream tonight at 10 p.m. Shop at ESPNWhere to watch UFC 301 everywhere elseIf you're not in the US, you can catch the fights in the UK via TNT Sports. Canadian UFC fans can purchase the PPV fight through most major TV services, as well as through UFC Fight Pass for $65. UFC 301 Fight Card: Pantoja vs. ErcegMain card - 10 p.m.
Persons: Alexandre Pantoja, Steve Erceg, Aldo, Jonathan Martinez, we've, ExpressVPN, José Aldo, Anthony Smith, Vitor Petrino, Michel Pereira, Ihor Potieria, Paul Craig, Caio Borralho, Brito, Jack Shore, Karolina Kowalkiewicz, Iasmin, Myktybek, Joaquim Silva, Drakkar Klose, Mauricio Ruffy, Jamie Mullarkey, Dione Barbosa, Ernesta, Ismael Bonfim, Vinc, Alessandro Costa, Kevin Borjas Organizations: Business, UFC, ESPN, TNT, US, TNT Sports Locations: Rio de Janeiro, Brazil, ExpressVPN, Canada
As the third graders of Cumberland Elementary in the Chicago suburbs colored, clipped and glued paper to make cicadas with filmy wings, they confided their fears about what is about to happen in Illinois. “Some people think cicadas can suck your brains out,” said Willa, a red-haired 8-year-old in a Star Wars T-shirt. “They’re going to be so loud,” Christopher, 9, said as he colored his cicada intently. “I hate noise.”“It’s kind of scary,” Madison, 8, said while picking through markers scattered on a green table. “What if they do something to me?”
Persons: , Willa, “ They’re, Christopher Organizations: Cumberland Elementary Locations: Cumberland, Chicago, Illinois, ” Madison
I wanted to set foot on the European and Asian side of Istanbul during a recent visit with my kids. A $1 commuter ferry was the cheapest option for us to go from the European side to the Asian side. The ride was only 20 minutes each way, and I was surprised not to see more tourists on the ferry. Plus, although they technically go through Asia, none of the cruises I found let passengers disembark in Asia. Instead of sitting inside, we made our way to the second level of the ferry and took seats on the rooftop deck.
Persons: , Jamie Davis Smith, I'm, We'd, we'd Organizations: Service, Cruises Locations: Istanbul, Asia, Europe, Eminonu, Istanbul's, Galata, Blue, Kadiköy, Istabul's
When my kids were babies, if they fell asleep in the car I wouldn't try to transfer them. Now that they are all older, I still sit for five minutes alone in the car. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Even years into motherhood, I was inexperienced in the joys and frustrations of having a child fall asleep in the car. AdvertisementYet, even now, I linger in the car for a few moments, longer than I should.
Persons: , texted Organizations: Service Locations: walkable, Washington
Multiple sources reported that early on Friday, Spears was seen barefoot outside the Chateau Marmont after an ambulance was called to the hotel in response to an injury. Paparazzi photos published by TMZ show Spears, 42, wearing just a pair of shorts, with a blanket wrapped around her, clutching a pillow in her arms. According to a LAFD spokesperson, the paramedic crew departed the Chateau Marmont just over 30 minutes later at 1:17 a.m. with an empty ambulance, as no one required transport to a hospital. AdvertisementIn the post's caption, Spears appeared to accuse her mom, Lynne Spears, of calling the paparazzi on her. Representatives for Spears and her mom did not respond to a request for comment from Business Insider.
Persons: , Britney Spears, Spears, Chateau Marmont, Paul Richard Soliz, Sam Asghari, Jamie Spears, Lynne Spears Organizations: Service, West Hollywood, TMZ, Business, Entertainment, Los Angeles Fire Department, Chateau Locations: West, Boston
Gwyneth Paltrow vowed not to return after the 2013 event, but she came back anyway. Gwyneth Paltrow at the 2013 Met Gala. Jamie McCarthy/Getty ImagesIn a 2013 interview with USA Today, Gwyneth Paltrow vowed that she wouldn't return to the Met Gala after that year's event. She posted an Instagram of herself at her first Met Gala in 1995 with the hashtag "#fullcirclemomentcomingup" before attending the event. It's unclear exactly what made her return, but in 2017, she was also partnering up with Anna Wintour — who chaired the Met Gala for several years — for a quarterly print version of her Goop website.
Persons: Gwyneth Paltrow, Jamie McCarthy, I'm, Anna Wintour — Organizations: USA
Charlie Sheen, Hulk Hogan, Lindsay Lohan, and Tila Tequila were all name-dropped. Charlie Sheen, Hulk Hogan, Lindsay Lohan, Floyd Mayweather, Tila Tequila — all were name-dropped in morning testimony. Bove asked. Bove asked Davidson. Advertisement"I've represented several clients who had claims against Charlie Sheen," Davidson answered carefully.
Persons: Stormy Daniels, Keith Davidson, Charlie Sheen, Hulk Hogan, Lindsay Lohan, Tila Tequila, , Donald Trump's, Floyd Mayweather, Playboy Bunny Karen McDougal, Trump, Daniels, Davidson, Emil Bove, Donald Trump, Jane Rosenberg Bove, You've, Bove, you've, shakedowns, McDougal, lister, Hogan, Kevin Winter, Terry Bollea, Bollea, Hulk, Amy Sussman, Lindsay Lohan Davidson, Betty Ford, Lohan, Valerie Macon, Kevin Blatt, Tequila, Charlie Sheen's, Jamie McCarthy, Sheen, Blatt, I've, Anderson, Heidi Gutman, Capri Anderson, I'm Organizations: Service, National Enquirer, Manhattan, Enquirer, Trump, Reuters, Hulk Hogan's, TMZ, Morning America Locations: Manhattan, Sheen, Capri, Anderson
Ebay CEO: We'll turn to positive growth in Q3 or Q4 of this year
  + stars: | 2024-05-02 | 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 EmailEbay CEO: We'll turn to positive growth in Q3 or Q4 of this yeareBay CEO Jamie Iannone joins 'Squawk on the Street' to discuss why the company's guidance was below Wall Street expectations, if there's a weakness in the business that needs to be communicated and more.
Persons: Jamie Iannone Organizations: Ebay
New York CNN —Wednesday’s Federal Reserve policy decision will likely be pretty boring for investors — officials are widely expected to keep interest rates the same, just as they have since July 2023. They think that the Fed may curtail its quantitative tightening (QT) program — that’s the selling off of its assets to decrease money supply and increase interest rates — by as much as half. Those purchases ended up pushing down interest rates in certain parts of the economy, like housing and auto sales. That led to a “repo crisis”, where the interest rates for overnight loans between banks spiked unusually high. That’s because a taper should send bond prices higher, and interest rates lower.
Persons: there’s, Jamie Dimon, Jerome Powell doesn’t, Krishna Guha, Marco Casiraghi, , Bill Adams, Biden, reclassify, General Merrick Garland, Xochitl Hinojosa, , Nancy Mace, Earl Blumenauer, ” Read, Zhao, Allison Morrow, ” Binance Organizations: CNN Business, Bell, New York CNN, Fed, JPMorgan Chase, Comerica Bank, Bank of America, CNN, US Department of Justice, Federal Register, Congress, Associated Press, Republican, CZ, Binance, Bloomberg Locations: New York, South Carolina, Oregon, Seattle
JPMorgan says the recent stock rebound driven by robust earnings masks looming stagflationary risks. The soft landing narrative is challenged by the first-quarter GDP report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe recent rally in the stock market, bolstered by a wave of upbeat earnings, is glossing over a host of risks raised by the latest economic data points, JPMorgan said this week. Jamie Dimon and other experts are sounding the alarm, saying the US might be headed for a 1970s-style scenario, complete with a stock market crash.
Persons: , JPMorgan's Marko Kolanovic, Kolanovic, hasn't, Jamie Dimon Organizations: JPMorgan, Service, Microsoft
Read previewThe embattled insurer Globe Life and its subsidiary American Income Life face new allegations of fraud, kickbacks, and misclassifying its army of sales agents. Neither Globe, AIL, or any affiliated agencies have requested a correction on BI's series, which has been cited in all three short-seller reports. Spokespeople for Globe, AIL, and Arias did not respond to inquiries about the Viceroy report. Viceroy today published excerpts from a civil complaint alleging that Globe Life required recruits to purchase the course from Xcel for $149, $119 of which was kicked back to Globe Life, AIL, and agency executives, an allegation Globe has denied. "As you might expect, these sales tactics do not engender long-term retention of policies," the Viceroy report states.
Persons: , AIL, Fraser Perring, Nate Koppikar, Panda, Arias, Erica Robertson, Robertson, Amy Williamson, Renee Zinsky, Fuzzy Panda, Jamie Winters, Winters, Viceroy, AIL's, Antonio – Organizations: Service, Viceroy Research, Globe, Business, Research, Orso Partners, Insurance Department, Pennsylvania, Arias Organization, Social, Organization, AIL, BI, Department, Xcel, Liberty National Life, Ohio Department of Insurance Locations: Texas, London, Globe, Maryland, Pennsylvania, Arias's Wexford, California, Xcel, Ohio, Antonio
Activist investor Ancora received a powerful endorsement in its efforts to secure a board change and to oust Norfolk Southern CEO Alan Shaw on Monday, when proxy advisor Glass Lewis recommended the railroad's shareholders vote for 6 of Ancora's board nominees. "We believe Ancora has presented a compelling case for supporting a substantial overhaul of the Company's current leadership," Glass Lewis said in its report. Furthermore, Glass Lewis said Barber, Ancora's pick for CEO, and Jamie Boychuk, the activist's pick for COO, "have compelling credentials and track records." Ancora also seeks to install former CSX executive Boychuk as Barber's chief operating officer. Their support, coupled with Glass Lewis' endorsement, gives the activist powerful ammunition as it seeks to convince shareholders.
Persons: Ancora, Alan Shaw, Glass Lewis, Betsy Akins, Jim Barber, William Clyburn, Sameh Fahmy, Gilbert Lamphere, Allison Landry, Shaw, Amy Miles, Barber, Ancora's, Jamie Boychuk, Boychuk, John Orr Organizations: Norfolk Southern, Teamster, UPS, CNBC, CSX, Canadian National, CN, NSC, Norfolk Locations: Norfolk Southern, East Palestine , Ohio, Norfolk
Russia defeating Ukraine could spark chaos and slam the global economy, Jamie Dimon said. The JPMorgan CEO said a Putin victory could fuel a nuclear arms race and trigger more battles. AdvertisementA Russian victory in Ukraine could throw the world into disarray, transform the global economy, and trigger nuclear proliferation and further conflicts, Jamie Dimon warned. Dimon emphasized that Russia has invaded a free, democratic nation and threatened nuclear war to deter resistance. Advertisement"The geopolitical situation is probably the most complicated and dangerous since World War II," he told the Economic Club of New York this week, adding that the world order is being "challenged."
Persons: Jamie Dimon, Putin, Dimon, , We've Organizations: JPMorgan, Service, Wall, Russia, Economic, of New Locations: Russia, Ukraine, China, Europe, of New York
“It has been our honor and privilege to represent, protect, and defend Britney Spears,” the singer’s attorney, Mathew Rosengart, said in a statement to CNN. “Although the conservatorship was terminated in November 2021, her wish for freedom is now truly complete. “He wants the best for Britney, nothing less.”Spears’ conservatorship was terminated back in November 2021. A 13-year conservatorship ended in 2021In June 2021, Spears gave explosive testimony, marking the first time she had spoken in open court throughout the 13 years. In September 2021, less than two months before her conservatorship was terminated, a judge suspended Spears’ father, Jamie, as his daughter’s conservator.
Persons: Britney Spears, Mathew Rosengart, “ Ms, Spears, Alex Weingarten, “ Jamie, , Jamie, ” Weingarten, , ” Spears, conservatorship, It’s, Rosengart, Elton John ” Organizations: CNN, Hollywood, Will.i.am
This would force interest rates to stay higher for longer, putting pressure on US businesses and consumers. 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 . AdvertisementA pair of economic reports has brought back a word no central banker ever wants to hear: stagflation. The difficult scenario occurs when inflation rises and growth stalls, a dangerous combination just experienced by the US economy.
Persons: stagflation, , Thursday's, LPL, Jeffrey Roach, Mike Reynolds, Reynolds, Jamie Dimon, Roach, shouldn't Organizations: Service, Federal, yesterday's, Fed, Wall Street, Bank of America
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