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The Notice of Opposition was filed against Williams' attempt to trademark "P.Inc." AdvertisementPink has taken legal action against Pharrell Williams to stop his attempt to trademark the term "P.Inc." Pink, 44, filed the Notice of Opposition against Williams through her company, Lefty Paw Print, on Thursday. Gilbert Flores/Variety via Getty ImagesLefty Paw Print wrote that Williams filed a trademark application for "P.Inc" in May 2023. Hugo's lawyers said Williams' trademark attempt violates an agreement between him and Hugo to split everything equally.
Persons: Pharrell Williams, Williams, , Lefty, Paw, Lefty Paw, Gilbert Flores, Mark, Pink, Opposer, Paul Morigi, Chad Hugo, Hugo Organizations: Pink, nk, Service, PW IP, Paw Print, Variety, Getty, Business
On Tuesday, he joined Fat Joe and Foo Fighters in a Washington, DC, event to advocate for healthcare price transparency. AdvertisementOn Tuesday, Chuck D of Public Enemy joined Fat Joe, Valerie June, and the Foo Fighters in a Washington, DC, event to advocate for greater price transparency in the US healthcare system. I was reached out to as they was trying to get the voice of hip hop, the voices of hip hop, to try to be that extra voice to get the importance of this across. I got projects with Def Jam, but you know, that's a fly in a big vat of buttermilk. But 40 years later, that's not gonna be the major way that you make people think, I don't think.
Persons: Chuck D, Joe, , Valerie June, Fat Joe, Busta, Jelly Roll, Wyclef Jean, there's, I'm, who's, Martin Luther King, Taylor Hill, he's, Paul Morigi, David Grohl, Dave Grohl, I've, There's, Kurtis Blow, MC Lyte, that's Organizations: Power, Foo Fighters, Service, Public, Capitol, Rights, Price, Hip Hop Alliance, SAG, Swift, Foo, Def Locations: Washington, DC, American, United States of America, everybody's
In today's big story, we're looking at Wall Street's love affair with Nvidia (and AI) while Big Tech still grapples with how to use the tools . Since Nvidia's GPUs sit at the center of the AI revolution, the company's success suggests the hype around the tech is warranted. One issue is bias showing up in AI tools . AdvertisementInternal documents show that Amazon is warning its employees not to use third-party generative AI tools for work , BI's Ashley Stewart and Eugene Kim report. It's an interesting acknowledgement of the risks involved with using AI tools — especially when Amazon is pitching its own chatbot to customers .
Persons: , It's, Michael M, Tyler Le, it's, Matthew Fox, Wall, Jensen, Kathleen Brooks, XTB, BI's George Glover, Chelsea Jia Feng, — ChatGPT, Monica Melton, BI's Ashley Stewart, Eugene Kim, Paul Morigi, Jenny Chang, Rodriguez, Goldman, Joe Duran, Jensen Huang, Huang, Reddit, Sam Altman, Elon Musk, Gemini, isn't, RJ Scaringe, Rivian, Scaringe, Steve Conine, Niraj Shah, Lucas Jackson, Wayfair, Bruce Dixon, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Nvidia, Big Tech, Getty, Nasdaq, Nikkei, GameStop, SEC, CNBC, EV, Warner Bros Discovery Inc, Hyatt Hotels Locations: Paul, New York, London, Chicago
Andrew Caballero-Reynolds | AFP | Getty ImagesIt's never been a better time to get rid of your student debt. Paul Morigi | Getty ImagesThe Biden administration has tried to reverse the trend of borrowers being excluded from the relief on technicalities. Some 790,000 public servants have gotten their debt erased as a result, amounting to more than $56 billion in relief. Total and Permanent Disability DischargeThe Biden administration has also forgiven the student debt of more than 510,000 disabled borrowers. Borrower defenseAnother 1.3 million borrowers have walked away from their debt over the past few years thanks to the Borrower Defense Loan Discharge.
Persons: Joe Biden, Andrew Caballero, Reynolds, Joe Biden's, James Clyburn, he's, George W, Bush, Paul Morigi, Biden, Kantrowitz Organizations: Air Force, Joint Base Andrews, AFP, Getty, Supreme, CNBC, U.S . Department of Education, Public, Consumer Financial, Studentaid.gov, of Education, Social Security Administration, Department of Veterans Affairs, Education Department Locations: Maryland
President Joe Biden delivers remarks on new efforts to cancel student loan debt at the White House on Oct. 4, 2023. watch nowThe Biden administration has evaluated millions of borrowers' loan accounts to see if they should have had their debt cleared. Paul Morigi | Getty ImagesThe Biden administration has tried to reverse the trend of borrowers being excluded from the relief on technicalities. Total and Permanent Disability dischargeThe Biden administration has also forgiven the student debt of more than 500,000 disabled borrowers. The $11.7 billion in aid was delivered under the Total and Permanent Disability discharge.
Persons: Joe Biden, Kevin Dietsch, Mark Kantrowitz, Kantrowitz, Biden, George W, Bush, Paul Morigi Organizations: White, Getty, Public, Consumer Financial, Bureau, Studentaid.gov, U.S . Department of Education, Social Security Administration, The Department of Veterans Affairs
Goldman exec exits revealed
  + stars: | 2023-10-27 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
In today's big story, we're taking a deeper look at the number of partner departures at Goldman Sachs under CEO David Solomon. The big storyGoldman exits, by the numbersPaul Morigi/Getty Images; Jenny Chang-Rodriguez/InsiderAt least 210 Goldman Sachs partners have left on David Solomon's watch. It's also higher than Insider's analysis of yearly partner exits during the 14 years before Solomon took over as CEO, which came to 40.4. AdvertisementAdvertisementThe case for SolomonWhile partner departures under Solomon have increased, according to our analysis, it hasn't been a massive bump. Former Goldman partners become future Goldman clients, the bank likes to say.
Persons: , Céline Dion, Goldman Sachs, David Solomon, What's, Goldman, Paul Morigi, Jenny Chang, Rodriguez, David Solomon's, Dakin Campbell, Emmalyse Brownstein, Walt Hickey, Kaja Whitehouse, It's, Solomon, Tony Fratto, Samantha Lee, hasn't, Lloyd Blankfein —, Solomon's, Solomon isn't beholden, it's, doesn't, Omer Ismail, CHANDAN KHANNA, Chelsea Jia Feng, Sam Bankman, Fried, SBF, Judge Lewis Kaplan, Israel, Duran Duran, Taylor Swift, Blake Shelton, Gwen Stefani, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Goldman, Walmart, Getty, View Press, Investors, Deal, Microsoft, MLB, The Arizona Diamondbacks, Texas Rangers, ExxonMobil, The Locations: Porirua , New Zealand, Chelsea, Israel, Arlington , Texas, Chevron, AutoNation, New York City, San Diego, London, New York
Insider Today: Big banks are screwed
  + stars: | 2023-09-14 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +8 min
It's the latest example of the pressure big banks are under to keep their place atop Wall Street. Before the announcement, the bank's share price was down almost 9% this year, trailing all of its fellow big bank peers in the US except Bank of America. Citi's overhaul represents how big banks are scrambling to stay on top of a financial world passing them by. CEO Jamie Dimon recently quipped he "wouldn't be a big buyer of a bank" in reference to proposed regulations requiring big banks to keep more money on the sidelines. Whether it's fintechs or so-called shadow banks, there's no shortage of players looking to offer services previously dominated by big banks.
Persons: that'll, isn't, Mike Kemp, Insider's Jennifer Sor, Jane Fraser, Fraser, Fraser isn't, she's, Michael Corbat, Citi's reorg, Goldman Sachs, David Solomon, Rebecca Ungarino, Wells, Charlie Scharf, JPMorgan — isn't, Jamie Dimon, it's, Robert Nickelsberg, Morgan Stanley, — isn't, Arantza Pena Popo, Nicole Zaridze, Elon Musk, Post Malone, , Hunter Biden, Garrett Ziegler, Paul Morigi, Biden's, Joey Hadden, I've, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Citigroup, Getty, Bank of America, JPMorgan, Independence, Apple, Post, SEC, Trump, Wikimedia, Motors, Ford, Nintendo Locations: Wall, Silicon, Seattle, New York City, China, Boxabl, Michigan, San Diego, London, New York
That should be no surprise considering that a consistent proponent of this inquiry was former President Donald Trump. I make that judgment based on my work as a scholar of impeachment and also as a practitioner who helped lead the first Trump impeachment and trial as counsel to the House Judiciary Committee. McCarthy bitterly — and now hypocritically — criticized former Speaker Nancy Pelosi for announcing the first Trump impeachment before a vote (she later scheduled one). That includes examples like the inquiry into President Richard Nixon and the second Trump impeachment. The proposed Biden impeachment is a revenge mission and nothing more.
Persons: Norman Eisen, Trump, Obama, Kevin McCarthy’s, Joe Biden’s, Donald Trump, Biden, ” Trump, impeaching Biden, Paul Morigi, McCarthy, McCarthy’s, , Nancy Pelosi, Devon Archer, Archer, Hunter, House Republicans ’ “, , Hunter Biden, , Richard Nixon, Nixon, Joe Biden, Trump’s Organizations: Democrats, White, CNN, CNN —, Social, Republicans, Biden, House Republicans, Committee, Twitter Locations: Czech Republic, , Ukraine, Ukrainian, States, United States
Every company has to start somewhere, and for Uline, that beginning was 1980 in the Illinois basement of Dick and Liz Uihlein. Dick Uihlein started Uline to sell a product called a carton sizer, "one of the neatest little tools I'd ever seen." Bit by bit, the Uihleins added more packing supplies to their selection and slashed delivery times to the minimum — a decade before Jeff Bezos launched Amazon. "It's weird to develop a love of corrugated boxes and shipping supplies, but I really enjoy it," Liz told the Milwaukee BizTimes in 2020. The Uihlein family as featured on the Uline website.
Persons: Uline, Liz, Dick Uihlein, Donald Trump, there's, Forbes, Uline wasn't, Dick, Liz Uihlein, Schlitz beer's, Jeff Bezos, Scott Walker, Ron Johnson, Elizabeth Uihlein, Jacob Peters, Paul Morigi, Ron DeSantis, ProPublica, it's, Ronald Reagan Organizations: Service, Stanford, National, Milwaukee BizTimes, White House, Politico, isn't, ProPublica Locations: North America, Wall, Silicon, Illinois, Chicago, Pleasant Prairie , Wisconsin, Wisconsin, Florida, Ohio
Off-price retailers TJ Maxx and Marshalls buy surplus inventory from department stores at discounted rates. Comparison prices convince shoppers that they are getting a good deal. Every product in TJ Maxx, whether it's a t-shirt or candle, has a recognizable tag attached. Paul Morigi/GettyThese comparison prices reinforce shoppers' confidence in their buying decisions, marketing professor Alexander Chernev told the Wall Street Journal in a recent video explaining TJ Maxx's strategy. In 2015 and 2018, two class-action lawsuits accused TJX of misleading customers with its comparison prices.
Persons: TJ Maxx, TJX, TJ, Paul Morigi, Alexander Chernev, It's, I'm Organizations: TJ Maxx, Marshalls, Service, TJX Companies, TJ, Wall Street, ABC Locations: Wall, Silicon, California, Florida
Before we get to the news, we've got a dispatch from Theron — our in-house Warren Buffett expert — on the legendary conference. That's how Todd Finkle, the author of a new biography on Buffett, described the investor's yearly bash. There were also investment panels, cocktail parties, steak dinners, fun runs, and shopping events during the weekend. The stock market could become "untouchable" if the bank crisis keeps spiraling. Four of the world's top investors agree on the biggest risks that will cause the next recession.
Supreme Court Justice Clarence Thomas is facing a wave of misconduct allegations in recent weeks. The Supreme Court did not immediately respond to a request for comment on the allegations. What was your initial reaction to Monday's Bloomberg report regarding the 2004 appeals case that Justice Thomas failed to recuse himself from? Associate Supreme Court Justice Clarence Thomas. The point is that the issue should not be punishing Justice Thomas or punishing Justice Gorsuch.
But Supreme Court experts told Insider there is no chance the conservative justice will be removed. The Supreme Court has little regulatory oversight and few routes for disciplining its judges. Judiciary ethics experts told Insider the bombshell ProPublica report left them "shocked" and "disturbed." Federal law requires government employees, including Supreme Court justices, to report most real estate transactions worth more than a thousand dollars. Supreme Court Associate Justice Clarence Thomas attends the ceremonial swearing-in ceremony for Amy Coney Barrett to be the U.S. Supreme Court Associate Justice on the South Lawn of the White House October 26, 2020.
The White House Correspondents' Association doesn't police member conduct, a former board member said. A number of professional organizations told Insider that Fox News fell well short of the standards expected in the profession. "Journalism receives significant protections from the First Amendment and with those protections come profound responsibilities," McCarran told Insider. Evidence made public in Dominion's lawsuit shows how Fox employees — beyond just hosts of opinion shows — had priorities other than telling their viewers the truth. "There are left-wing publications, right-wing publications, there are government-owned publications — there's Voice of America, foreign news organizations," the former board member said. "
All eyes are on 200 West Street in lower Manhattan today, the global headquarters of Goldman Sachs and site of the bank's second-ever investor day. Goldman's first investor day, in 2020, included plenty of discussion about the importance of building out its consumer bank. Will new details emerge regarding the asset and wealth management division that show the business is heading in the right direction? Goldman's asset and wealth management division will likely get plenty of attention today. Speaking of David Solomon... Goldman's CEO appeared on a recent episode of the bank's podcast, "Exchanges at Goldman Sachs."
I'm a deputy editor at Insider who helps oversee our newsletters, but I've worn plenty of hats around here. Phil and the rest of the newsletter squad are off today, but here are six (not 10 today, sorry!) A stock trader built his strategy into real software. ChatGPT's 5-part strategy for balancing a portfolio. OpenAI's buzzy chatbot is everywhere these days, so why not put it in charge of your investing strategy?
A former Fox News employee sued the network Wednesday, alleging that the late Fox News chairman and CEO Roger Ailes sexually abused her for years. Ailes allegedly made it clear that if she tried to speak out or stop the abuse, Luhn would experience “severe personal humiliation and career ruin,” according to the suit. Luhn says in the suit that in 2011 she sent a letter to Fox’s general counsel detailing Ailes’ abuse. The suit says the network withheld over 30% of the payment for taxes. The sexual abuse that she suffered while working at Fox News was some of the worst imaginable,” said Luhn’s attorney, Barbara Whiten Balliette, a partner at Reid Collins & Tsai LLP.
How to get ahead in 2023
  + stars: | 2023-01-16 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
We've got top tips for stocks (and serving prison time), a path to financial freedom, and what to expect for the rest of 2023. If you want to start investing in real estate this year, Harr says don't be deterred by uncertainty or high-interest rates. US stocks got off to a choppy start in the first week of 2023, however, Goldman Sachs still sees attractive investing opportunities. According to Grant Sabatier, 2023 will be the year of the "the creator millionaire" — here's how he plans to take advantage of it. As one expert said: "2023 is going to be the survival of the fittest."
Protesters calling for student debt relief demonstrate outside the Republican National Committee's Washington, D.C. offices on Nov. 18, 2022. The main obstacle for those hoping to challenge student loan forgiveness has been finding a plaintiff who can prove they have been harmed by the policy. Higher education expert Mark Kantrowitz doesn't believe any of the plaintiffs have successfully proven injury by student loan forgiveness. "The U.S. Supreme Court can decide to consider the case on the merits regardless of legal standing," Kantrowitz said. Tribe expects that the justices will visit the so-called major questions doctrine in deciding the fate of Biden's student loan forgiveness plan.
US rail workers are preparing to strike over their latest negotiations with management. Three years of rail workers' negotiations with management over this issue could soon culminate in an economy-disrupting strike, after the latest tentative agreement included just one paid personal day off a year. That's too far from the 15 days of paid sick leave that rail workers pushed for, and which railroads argue would cost them $688 million a year. While praise for essential workers has faded, rail workers still hold a lot of power in the economy. "The stockholders would go absolutely crazy if we were able to strike for one day."
Student loan borrowers gather near The White House to tell President Biden to cancel student debt on May 12, 2020. Student loans plagued with problems before CovidEven before the pandemic, when the U.S. economy was enjoying one of its healthiest periods in history, problems plagued the federal student loan system. watch nowFederal student loan payments have been on pause since March 2020, when the coronavirus pandemic first hit the U.S. and crippled the economy. Despite offering student loan borrowers forbearances during previous natural disasters, default rates still skyrocketed, Kvaal said in the filing. "[T]he one-time student loan debt relief program was intended to avoid" that problem, he added.
Kjerstin Laine, 30, owes over $110,000 in student debt from undergraduate and graduate programs. But interest means she's barely paid it off, and Biden's forgiveness is just a drop in the bucket. For Laine, a 30-year-old who has over $110,000 in student debt, the $20,000 in forgiveness she's set to get from President Joe Biden's plan is just a drop in the bucket. Her situation points to the larger structural issues underpinning the student debt crisis, where first-generation and lower-income students take on huge debt burdens to get ahead and up their earnings but still find themselves buried under ever-growing balances. The company that manages the entire Public Service Loan Forgiveness portfolio — MOHELA — isn't making matters any easier.
Zoom In Icon Arrows pointing outwardsThe average cost to attend a private college in 1970 was about $3,000 a year. Bunch is a Pulitzer Prize-winning journalist and the national opinion columnist for The Philadelphia Inquirer. That said, I don't believe the price of college will fall dramatically without states lowering tuition at public universities, and without a renewed push for free community college. WB: Making public 4-year universities free or next to free would be expensive and require new funding sources. WB: This seems the biggest flaw in the Biden plan, that it included nothing in the way to lower college costs going forward.
Biden's student-loan forgiveness is facing at least six lawsuits from conservative groups. The administration faces at least six major lawsuits seeking to halt Biden's debt relief plan. For now, borrowers can still continue applying for debt relief on the studentaid.gov website that will close in December 2023. On September 27, the Pacific Legal Foundation — a conservative nonprofit legal organization — helmed the first major lawsuit against Biden's debt relief. On October 19, WILL asked the Supreme Court to halt Biden's debt relief will waiting for a decision on its appeal.
Doug Heye, a Republican strategist, told Insider that some political maneuvering is more tactical. Emanuel, now the US's ambassador to Japan, didn't refute that the exchange took place but told Insider he didn't remember it. It serves the institution," the former GOP aide told Insider, adding that seasoned dealmakers are preferable to partisan bomb-throwers "with some agenda that they're driving." Paul Morigi/Getty ImagesWhite, now the executive director of the Mississippi Department of Transportation, told Insider his boss always had the final word. 'Preserving their dignity'Convincing career lawmakers to hang it up before they tarnish their respective legacies is tricky business, a veteran GOP leadership aide told Insider.
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