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Chubb, the Baltimore bridge insurer, is set to pay out $350 million, per The Wall Street Journal. The bridge's collapse in March killed six people and shut down the port of Baltimore. Chubb, the state of Maryland, and victims' families will likely sue the ship's owners, per the Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe insurer of Baltimore's Francis Scott Key Bridge is gearing up to issue a $350 million payout to the state of Maryland, The Wall Street Journal reported on Thursday.
Persons: Chubb, Baltimore . Chubb, , Francis Scott Key, Henry Daar, WTW, Daar, Dali, Chubb didn't Organizations: Street, Service, Barclays, Business Locations: Baltimore, Maryland, London
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Discovery's TNT is dangerously close to being left out of the NBA's next TV deal after rival NBC made a massive offer, according to a recent report from The Wall Street Journal. A source familiar with the negotiations told Business Insider that a deal hasn't been finalized and offers are always changing. Still, it's not clear that paying an average of $2.5 billion a year for NBA rights will be profitable. AdvertisementJoe Bonner, a media analyst at Argus Research, has been under the assumption that WBD can and will retain NBA rights even though its cable-TV revenue is steadily shrinking.
Persons: , hasn't, NBA hasn't, Craig Moffett, Peacock, Moffett, it's, Joe Bonner, Bonner Organizations: Service, Warner Bros, TNT, NBC, Wall Street Journal, Business, NBA, ESPN, Amazon, Puck, Comcast, Argus Research
Read previewEmma Tucker's arrival at The Wall Street Journal a little over a year ago was met with enthusiasm. This story is available exclusively to Business Insider subscribers. Business Insider talked to a dozen insiders for this story; many of them said they had felt a shift from optimism to angst regarding Tucker and the newsroom generally. A Journal spokesperson said Tucker wasn't available to comment but offered an interview with Taneth Evans, Tucker's associate editor. Evans told Business Insider that the changes were drawn out to give the new leadership time to understand how the newsroom works.
Persons: , Emma Tucker's, Tucker, She's, effused, Liz Harris, Dow Jones, IAPE, Tucker wasn't, Taneth Evans, Tucker's, Evans, I've, Harris, Emma Tucker, Joy Malone, Rupert Murdoch, Matt Murray, Murray, Elon, Taylor, I'm, OpenAI's Sam Altman, Michael Bloomberg's, Lachlan Murdoch, Adrian Edwards, Axel Springer Organizations: Service, Wall, Business, Dow, Independent Association of Publishers ' Employees, CWA, Associates, Sunday Times, The New York Times, Times, Boeing, News Corp Locations: New York, London, Tesla, Gaza, New York City
According to the Journal, Amazon appeared to have a model it wanted to replicate for Wickedly Prime: Trader Joe's. AdvertisementAccording to the report, Amazon wanted to replicate the top 200 items sold at Trader Joe's. The Amazon manager also pressed the ex-Trader Joe's employee for data on the margins for each product. The former Trader Joe's employee's experience gives an inside look at Amazon's broader, aggressive efforts to compete with other grocers. Trader Joe's established a cult following with its customers partly by developing snacks and foods through its private label.
Persons: , Joe's, Nakia Rohde Organizations: Service, Street Journal, Amazon, Business, Wickedly Prime, The, Foods
An office building in St. Louis sold for $3.6 million after selling for $205 million 18 years prior. Downtown St. Louis is filled with unoccupied buildings and an unwillingness to visit them. The steep drop in the tower's value is just one sign that St. Louis' central business district is struggling, reports say. Indeed, St. Louis' downtown resembles a ghost town with a number of boarded-up buildings, according to The Wall Street Journal's Konrad Putzier. AdvertisementThe problem with Midwestern cities, like St. Louis, is that there's not much attracting people to the center of the city — and that applies to commuters, tourists, and residents.
Persons: Louis, , Konrad Putzier, Glenn MacDonald, Business Insider's Eliza Relman, Michael Hicks, BI's Relman, Relman, Tracy Hadden Loh Organizations: Service, T, Goldman Group, News, Washington University, Olin Business School, Business, University of Toronto, Midwest ., Ball State University, Midwest, Brookings Institution Locations: St, Downtown St, Francisco's, North America, Midwest, Midwest . San Francisco, Indiana, , San Francisco and New York
Boeing execs used an additional $545,520 for personal travel expenses in 2021 and 2022. The Wall Street Journal first reported Boeing had improperly classified personal trips on private jets as business travel. AdvertisementBoeing's execs have been using the company's private jets for personal travel — and it's more than we thought. The Wall Street Journal reports Boeing made the revisions after an investigation last year into the use of private jets by its top executives. The revised stats for Boeing's outgoing CEO, Dave Calhoun, amounted to an additional $142,315 in personal travel in 2021 and 2022.
Persons: Boeing execs, , Dave Calhoun, Brian West, Theodore Colbert, Calhoun Organizations: Boeing, Street Journal, IRS, Service, Top Boeing, Company, SEC, Stanley, Business, Alaska Airlines Locations: Calhoun's, New Hampshire, South Carolina, Chicago, Arlington , VA
Emma Tucker accused Russia of "stockpiling Americans in its jails" to trade them. 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 . AdvertisementThe editor of The Wall Street Journal accused Russia of "stockpiling Americans in its jails in order to be able to trade them at a later date." The Wall Street Journal issued a statement denying the allegations and demanding Gershkovich's immediate release.
Persons: Emma Tucker, Evan Gershkovich, Gershkovich, , Evan Gershkovich's Organizations: Service, Street Journal, Street, Business Locations: Russia
For Evan Gershkovich, the dozen appearances in Moscow's courts over the past year have fallen into a pattern. Guards take the American journalist from the notorious Lefortovo Prison in a van for the short drive to the courthouse. The periodic court hearings give Gershkovich’s family, friends and U.S. officials a glimpse of him, and for the 32-year-old journalist, it’s a break from his otherwise largely monotonous prison routine. Friends and family say Gershkovich is relying on his sense of humor to get through the days. Every day, Milman said, “I wake up and look at the clock.”“I think about if his lunchtime has passed, and his bedtime," she said.
Persons: Evan Gershkovich, He’s, Gershkovich, it’s, “ It’s, , Ella Milman, Milman, Nicholas Daniloff, Emma Tucker, ” Milman, Evan, Francesca Ebel, Josef Stalin's, he’s, Polina Ivanova, He's, Pjotr Sauer, ” Sauer, Mikhail Gershkovich, doesn't, , Biden, Lynne Tracy, Gershkovich “, Vladimir Putin, Vadim Krasikov, ” Ebel, Journal's Tucker, I’m, Tracy Organizations: Wall, Journal, Federal Security Service, U.S, Associated Press, Russian Foreign Ministry, Moscow Times, Washington Post, Financial Times, Arsenal, British, Guardian, West Locations: Lefortovo, Yekaterinburg, Washington, Russia, Ukraine, , New Jersey, Moscow, Russian, Germany, Berlin, Georgian
The effort came at a nervous time for the Journal newsroom. It's still reeling from February, when the paper sharply cut its DC newsroom, its second-biggest bureau after New York. Tucker wrote at the time that the DC bureau changes were enacted to put the company in the position to serve readers better and stand out from the competition. The union has filed grievances over the DC bureau layoffs and is considering filing grievances over the meetings, Martell said. But the mood among some has turned as Tucker has enacted layoffs in a newsroom that's largely been spared staff cuts.
Persons: , Emma Tucker's, It's, IAPE, Tucker, Dion Nissenbaum, Nissenbaum, Evan Gershkovich, who's, There's, Tim Martell, they've, they're, Martell, They're, Rupert Murdoch, We've Organizations: Service, Wall Street, News Corp, New, Business, Journal, DC, Street Journal, The Sunday Times, — News Corp Locations: New York, Beirut, London, Washington
X is fishing for more creators. Some won't bite.
  + stars: | 2024-03-25 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +5 min
X has been trying to lure more creators to host on the platform through its ad-revenue program. But one survey showed that only 5% of creators want to use X as their main platform, per WSJ. AdvertisementMany large advertisers have pulled out of the X platform since Musk's takeover due to concerns about brand safety, lax content moderation, and even Musk's own posts. But as Musk acknowledged last year, the exodus could be an issue for content creators hoping to see a substantial payout from their posts. An official account for X's creator program also touted some of the platform's achievements since Musk's takeover.
Persons: , Elon, Musk, X, Jasmine Enberg, Chris Reilly, Joe Benarroch, Benarroch, Samir Chaudry Organizations: Service, Street Journal, Intelligence, The
Apple reportedly in talks with Baidu on AI for devices
  + stars: | 2024-03-22 | 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 EmailApple reportedly in talks with Baidu on AI for devicesCNBC's Steve Kovach joins the 'Fast Money' traders to talk the Wall Street Journal's report that Apple is in talks with Baidu concerning AI for its devices.
Persons: Steve Kovach Organizations: Apple, Baidu
Horwitz's March 13 memo was sent to all partners, managing directors, and vice presidents in response to a recent Wall Street Journal story. Women exits at GoldmanThe story comes amid a recent spate of departures of high-profile female executives at Goldman. Other women partners who have left include Katie Koch, a former top executive in asset management; Heather Miner, ex-global head of investor relations; and Jennifer Davis, a former head of retail investment banking. We are very fortunate to have extraordinary female partners that continue to increase in numbers. Our longer term success depends significantly on developing female partners in senior roles."
Persons: Goldman Sachs, Russell Horwitz, hasn't, Horwitz, David Solomon's, Horwitz —, Goldman, Marc Nachmann, Stephanie Cohen, BI's Bianca Chan, Beth Hammack, Cohen, Hammack, Alison, , Solomon, Katie Koch, Heather Miner, Jennifer Davis, Horowitz, Russell W, David, we've Organizations: Business, Horwitz's, Goldman, Firm, Women, Media Relations
South Korean millennials are turning to pet rocks to combat loneliness and burnout at work. Originally a 1970s joke gift, pet rocks can give a low-maintenance sense of companionship. AdvertisementAdults in South Korea are using pet rocks to help with loneliness and burnout at work. The Journal's Jiyoung Sohn spoke to millennials turning to pet rocks to help them through difficult periods in their careers. Related storiesThe coronavirus pandemic prompted a pet-rock boom in South Korea, according to a July 2023 report by Korea JoongAng Daily.
Persons: , Gary Dahl, Bettmann, Jiyoung Sohn, Koo Ah, Sohn, Koo, Yoon Jeonghan, Gen Z Organizations: Service, Street, Business, South Korea's Ministry of Interior, Safety, The Korea Herald, South Korea's Ministry, CNN, Bloomberg, Companies Locations: South Korea, Asia, Seoul, Korea
This story is available exclusively to Business Insider subscribers. Blanco County Sheriffs told Austin American-Statesman that Chao may have "succumbed from being under the water." Advertisement"Does the Blanco County Sheriff have the technical capacity to investigate the Tesla logs to determine if the car was tampered with or even hacked?" A spokesman for the Blanco County sheriffs did not respond to a request for comment sent outside working hours. AdvertisementExperts previously told Business Insider that drivers only have about a minute to get out of a sinking vehicle.
Persons: , Angela Chao, Elaine Chao, Tesla, Chao, Chao's Tesla, J, Kyle Bass, Bass, Ken Paxton Organizations: Service, Foremost, Street Journal, Business, Blanco County Sheriffs, Austin American, Statesman, Texas, Hayman Capital Management, Blanco County Sheriff, Tesla Locations: Blanco County , Texas, Austin, Blanco County, Texas, Blanco, Chao
Amazon labelled Apple's FineWoven iPhone 15 case as a "Frequently returned item." AdvertisementApple's FineWoven iPhone 15 cases have been dragged on the internet for their seemingly questionable quality— and some customers want a refund. As of March 1st, Amazon has labeled Apple's FineWoven Case as a "Frequently returned item." Amazon flagged Apple's Finewoven iPhone case as a "Frequently returned item" as of March 1st. Some say the 'Finewoven' iPhone case fell apart after months of use.
Persons: , Jordan Hart, pic.twitter.com, WnyFN2HhPk — Stuart Shelton, I've, Joanna Stern Organizations: Service, Amazon, Apple, CDC Locations: @srcshelton
TikTok is losing access to Universal Music Group's songs, including from artists like Taylor Swift. 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 . AdvertisementTikTok, the platform best known as "the app where people dance around to music," is losing a lot of music and is going to lose more. This story is available exclusively to Business Insider subscribers.
Persons: TikTok, Taylor Swift, , Drake, Bunny Organizations: Universal Music, Service, Street, Universal Music Group, Universal, Business Locations: UMG
Apple's Finewoven iPhone cases don't seem to be holding up as expected. Users complained on social media that the case retains scratches, stains easily, and discolors. Some even say the case is Apple's worst product and have switched to rival iPhone case brands. Since hitting the market last September, the Finewoven case was marketed as a luxurious case for the iPhone that could replace Apple's leather ones. But some iPhone 15 users have taken to social media to complain about the current physical condition of their cases.
Persons: , it's browning, Joanna Stern, I've Organizations: Service, CDC, Business
The more than 750 study participants were given real tasks, including "creative product innovation" assignments. The study found that people using AI faired much better than those working without it when it came to creative product innovation tasks. About 90% of the participants improved their performance when using AI for any task involving ideation and content creation. People's problem-solving skills far outweigh the help offered by AI, Candelon said. They will get replaced by humans using AI," he told the outlet.
Persons: , François Candelon, Candelon, didn't Organizations: Service, Gemini, Boston Consulting, MIT, Wharton, Harvard Business School, University of Warwick
Cathie Wood says Nvidia "has become a check-the-box stock." Wood says she's been selling the stock because "expectations could be getting ahead of themselves." Ark Invest's Cathie Wood says she's been selling Nvidia stock because she thinks it's become overvalued. "It has become a check-the-box stock," Wood said in a podcast with The Wall Street Journal's Dion Rabouin that aired Sunday. Wood's investment fund sold over $4.5 million worth of Nvidia stock this year.
Persons: Cathie Wood, Wood, she's, Alphabet's, it's, Dion Rabouin, Rabouin, Kathleen Brooks Organizations: Nvidia, BI
AI models too worried about mistakes can stop being useful, according to one AI executive. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Occasional "hallucinations" — errors caused by incorrect assumptions or programming deficiencies — are part of the "tradeoff" for an otherwise useful AI system, Kaplan said. Last year, Google's Gemini AI drew criticism from users for coming up with incorrect answers to straightforward queries. Earlier this year, BI reported that researchers at the company, as part of a study, designed AI models that would intentionally lie to humans.
Persons: Anthropic's Jared Kaplan, Anthropic, , chatbots, Jared Kaplan, Kaplan, Google's, chatbot, evaluators Organizations: Service, BI
AdvertisementAs Tucker Carlson was hyping his interview with Russian President Vladimir Putin, US support for Ukraine hit a new low. AdvertisementIn Carlson Putin has found an interviewer likely to be receptive to his views. Even the Kremlin said he was wrong to claim that no other Western journalist had even tried to interview Putin. Carlson's skepticism about Ukraine aid has also been championed by former President and GOP 2024 frontrunner Donald Trump and his supporters in Congress. With the GOP holding the fate of future Ukraine aid, Carlson is handing Putin an opportunity to address the party's supporters directly on Thursday.
Persons: Vladimir Putin, Tucker Carlson, Putin, , Biden, Ukraine's, Carlson Putin, Carlson, Evan Gershkovich, Republicans Putin, Donald Trump Organizations: Ukraine, Service, Free Radio, Kremlin, BBC, Fox News, Republicans, Republican, GOP Locations: Ukraine, Russian, Israel, Russia, Moscow, Free Radio Europe
Spokane Valley, Washington is seeing the fastest growth in high-income households making at least $200,000 annually. The analysis found that just one Southern city made the top 10 for cities adding high-income households at the fastest rate between 2021 and 2022, while four cities in the northeast ranked in the top eight. The report notes that high-income households often have large impacts on local economies, which could impact housing markets in the long term. Spokane Valley, located in the eastern part of Washington, had an over 183% increase in high-income households, amounting to over 1,500 between 2021 and 2022. Evansville, Indiana increased by 150% during the time period, adding 816 high-income households.
Persons: Organizations: Business, Allentown, U.S . News, Southwest, Bank of America, Massachusetts, Connecticut, Santa Clara, New Locations: Spokane Valley , Washington, Southern, Spokane Valley, Washington, California, Texas, Allentown , Pennsylvania, Philadelphia, Evansville , Indiana, South, Killeen , Texas, San Tan Valley , Arizona, Jackson , Mississippi, Palmdale , California, Southwest, West Coast, New England, Springfield , Massachusetts, New Haven , Connecticut, Manchester , New Hampshire, Sunnyvale, Santa, New York City
Rupert Murdoch's The Wall Street Journal made widespread cuts to its DC bureau on Thursday in a restructuring that several insiders called a "bloodbath." They were also, however, expected, since staffers had been told a restructuring was coming in preparation for the installation of the Journal's new Washington coverage chief Damian Paletta, who starts February 5. The new Washington bureau will focus on politics, policy, defense, law, intelligence and national security. The expanded Finance & Economics coverage area will unify our reporting on the macroeconomy, global economic trends, monetary policy, credit and banking, and financial markets. Brent Kendall, the law bureau chief, will take on the expanded role of Justice, Judiciary and Law Editor.
Persons: Rupert Murdoch's, Amara Omeokwe, James Graff, Emma Tucker, Tucker, Damian Paletta, Jodi Green, Liz Harris, they'd, Marie Beaudette, Marie, Damian, Brent Kendall, Brent, Emma Organizations: Journal, Business, News Corp, Staff, Finance, Federal Reserve, Economics, Justice, Judiciary Locations: Washington, New York, China, U.S
Read previewThere's a lot of hype around the new Apple Vision Pro ahead of its launch in the US this Friday. AdvertisementIt's great for entertainment like watching movies …Reviewers seemed to have a positive experience watching movies on the Vision Pro. Spoonauer felt he "could see myself taking the Vision Pro on business trips and using it back at the hotel." "Other headsets have eye tracking and hand tracking, but none have the combination working as smoothly, subtly and intuitively as the Vision Pro," he wrote. Patel called the Vision Pro "a VR headset masquerading as an AR headset."
Persons: , preorders, MacRumors, Nilay Patel, Mark Spoonauer, Joanna Stern, CNET's Scott Stein, Patel, Stein, Stern, There's, CNBC's Todd Haselton, Spoonauer, peck, Haselton, Slack, it's, I've Organizations: Service, Apple Vision, Apple, Business, Meta, Vision, Meta Quest Locations: visionOS
American and United sat in the middle of the group, mostly losing points for cancelations, tarmac delays, and baggage mishaps. AdvertisementHere's a closer look at the best and worst airlines in the US for 2023 — and how they ranked in each category in the WSJ rankings:9. JetBlue AirwaysJetBlue Airways ranked dead last in the WSJ's annual list of best and worst US airlines for 2023. AaronP/Bauer-Griffin/GC Images via Getty Images2022 Rank: 1Delta is the best airline in the US for 2023, according to The Wall Street Journal's ranking. It was second for extreme delays, fourth for tarmac delays and mishandled baggage, and fifth for flight cancelations — its lowest finish overall.
Persons: , Delta, Allegiant, Andrew Watterson, United, Marcus Mainka, Tayfun, Mario Tama, Nicolas Economou, Robert Alexander, Tom Williams, Bauer, Griffin Organizations: Delta Air Lines, Alaska Airlines, JetBlue Airways, Service, Delta, Allegiant, Department of Transportation, — United Airlines, American Airlines, Max, Southwest Airlines, Journal ., Spirit Airlines, Frontier Airlines, Jetblue, JetBlue, Airlines, JetBlue Airways JetBlue Airways, Anadolu Agency, Getty, cancelations, Spirit Airlines Spirit Airlines, United Airlines United, American Airlines American Airlines, Southwest Airlines Southwest Airlines, Southwest, Delta Air Lines Delta Air Lines Locations: West Coast, Seattle, Alaska, New York City, New York, Southwest
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