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☆ Regional banks were all ‘guilty until proven innocent’ after Silicon Valley Bank, Citizens CEO says
▼ + stars: | 2024-03-10 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +9 min

Other regional bank stocks got slammed: By the end of the day, most saw their stock down by double-digit percentages. Kori Suzuki/ReutersIt’s been exactly one year since that fateful day marked the start of a string of subsequent bank failures. Because of that, “there will be bank failures,” Federal Reserve Chair Jerome Powell warned senators in his semi-annual testimony last week. Bruce Van Saun: People like to call last year’s bank failures regional bank failures. Office real estate is just one component of commercial real estate, albeit the most worrisome to banks and economists.

Persons: Bruce Van Saun, NYCB, Kori Suzuki, Reuters It’s, it’s, Jerome Powell, Van Saun, Richard Drew, didn’t, Michael Nagle, Joseph Otting, Otting, CARLOS BARRIA, we’re, we’ve Organizations: New, New York CNN, Citizens Financial Group, New York Community Bank, NYCB, Reuters, CNN, Signature Bank, Silicon Valley Bank, Citizens Financial, Providence, Financial Group, Bloomberg, SVB, we’re, SoFi, Citizens, OneWest Bank, CIT Group, REUTERS Locations: New York, Silicon, San Francisco , California, Providence , Rhode Island, Covid

☆ You probably missed one of the biggest shows of wealth at the Ambanis' pre-wedding celebration, and it had nothing to do with the bride and groom
▼ + stars: | 2024-03-07 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewThere were grandiose displays of wealth at Anant Ambani's pre-wedding celebrations in India, but the mother of the groom-to-be may have stolen the show. Anant is the youngest son of Nita and Mukesh Ambani. Radhika Merchant and Anant Ambani, son of Mukesh Ambani, the Chairman of Reliance Industries. AdvertisementThe Mirror of Paradise ring. Last weekend, Anant personally thanked and praised Nita during a speech for pulling the pre-wedding celebration together.

Persons: —, Anant Ambani's, Anant, fiancée Radhika Merchant, Nita, Mukesh Ambani, Mukesh, Radhika Merchant, Anant Ambani, Rihanna, Bill Gates, Mark Zuckerberg, Manish Malhotra, that's, Richard Drew, Nita Mukesh Ambani, She's, Mama Organizations: Service, Business, Reliance Industries, GQ India, Bazaar Locations: India, Asia, Mumbai

☆ Alabama IVF ruling: Here’s what could happen next
▼ + stars: | 2024-02-28 | by ( Lauren Mascarenhas | ) edition.cnn.com time to read: +9 min

At least three providers in Alabama, including the state’s largest health system, have halted some in vitro fertilization services since the court’s ruling. Republicans hold a majority in both the Alabama House and Senate. “Any legislation that gets passed is ultimately up to interpretation by the Alabama Supreme Court,” O’Conner said. A trial court initially dismissed the claims, but the state Supreme Court ruling reversed that decision. The clinic involved in the lawsuit, The Center for Reproductive Medicine in Mobile, is among those that have halted some IVF services.

Persons: Steve Marshall, Katie O’Connor, ” O’Conner, Anthony Daniels, Kay Ivey’s, Daniels, Bill, Republican Terri Collins, Tim Melson, “ I’m, ”, Democratic Sen, Tammy Duckworth, Savannah Koplon, Butch Dill, ” Dr, Janet McLaren Bouknight, Katherine Kraschel, “, ” Kraschel, Greg Abbott, Trump, ” Abbott, CNN’s Dana, Abbott, Richard Drew, ” O’Connor, Sen, Erin Grall, Kraschel, Trip Smalley, Smalley Organizations: CNN, Republican, National Women’s Law, Alabama, Democratic, Alabama House, Gov, Alabama Republicans, Senate, Republicans, Alabama Supreme, University of Alabama, Alabama Legislature, The University of Alabama, Birmingham, Infant Center, Alabama Fertility Specialists, Facebook, “, Alabama Fertility, Northeastern University School of Law, Texas Gov, Union, AP Lawmakers, Tampa Bay Times, Center, Reproductive Medicine Locations: Alabama, Montgomery, state’s, House, Birmingham, Birmingham , Alabama, Texas, “ State, Florida, Republican Florida, Mobile, ”

☆ Mark Zuckerberg has had quite the week
▼ + stars: | 2024-02-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

In today's big story, we're recapping earnings from three tech giants: Meta, Apple, and Amazon. The big storyMeta's mega-winMark Zuckerberg is smiling: Its profit margins are much improved — and that's partly because of a shrinking headcount. Josh Edelson/AFP/Getty Images ; Isabel Fernandez-Pujol/ BIMark Zuckerberg has had quite the week. It lost $16 billion on the Metaverse in 2023, and Zuckerberg indicated more pain for years to come.) Following the success of Meta's "Year of Efficiency," Zuckerberg said that the company may never go back to large-scale hiring.

Persons: —, Phil doesn't, Zuck, Mark Zuckerberg, Josh Edelson, Isabel Fernandez, Sarah Jackson, Meta, Zuckerberg, BI's Peter Kafka, Peter, Richard Drew, Wall Street's, Rufus, BI's Eugene Kim, Amazon, Aaron Schwartz, Diem, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Apple, Business, Getty, Pujol, Meta, Amazon, Xinhua, Microsoft, Chevron Corporation, ExxonMobil, Cigna Locations: AFP, China, New York, London

☆ Starbucks Workers Strike on ‘Red Cup Day’ in Bid to Kickstart Negotiations
▼ + stars: | 2023-11-16 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

Union workers at Starbucks stores in New York City and other cities went on strike Thursday. Photo: Richard Drew/Associated PressThousands of unionized Starbucks workers went on strike Thursday on a busy sales day for the coffee chain in a bid to bring the company back to the negotiating table. Baristas walked out on the company’s annual ‘Red Cup Day’ promotion for the second straight year, according to the union representing them. During the promotion, Starbucks gives customers a free reusable cup when they order a holiday drink.

Persons: Richard Drew, Baristas Organizations: Associated Locations: New York City

☆ 'Shark Tank' star Kevin O'Leary warns of a 'downsized America' as rising prices and loan payments force consumers to cut back
▼ + stars: | 2023-11-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Households are being hit hard by inflation and higher interest rates, Kevin O'Leary says. AdvertisementAdvertisementHe said the retailer's customers are "getting killed," adding: "They can't afford to fill their cars with gas. They can't afford to put a good meal on the table for their families. They can't afford their rent. They can't afford their insurance."

Persons: Kevin O'Leary, —, O'Leary, that's, Bernie Marcus, Richard Drew, Marcus Organizations: Service, Fox News, Federal Reserve, Depot, Fox

☆ Goldman Moves to Unload GM Credit Card
▼ + stars: | 2023-11-07 | by ( Annamaria Andriotis | ) www.wsj.com time to read: 1 min

Goldman Sachs has been looking to lower expenses at its card programs and determined that it is likely to move forward with selling the partnerships if it can’t cut costs sufficiently. Photo: Richard Drew/Associated PressGoldman Sachs plans to begin a process to unload its General Motors credit-card program in another step away from its failed foray into consumer lending. The bank on Tuesday informed a group of employees within its Platform Solutions division, who work on the GM card, that a process to find a new issuer will begin soon, people familiar with the matter said. GM is expected to run the process.

Persons: Goldman Sachs, Richard Drew, Associated Press Goldman Sachs Organizations: Associated Press, Motors, Solutions, GM

When Planet Fitness CEO Chris Rondeau was fired, it was a surprise to nearly everyone. AdvertisementAdvertisementWhen Chris Rondeau , ten-year CEO of Planet Fitness, was fired by the company's board of directors, he told Insider he was "seriously blindsided." AdvertisementAdvertisementInsider spoke with six former Planet Fitness employees. Former Planet Fitness CEO Chris Rondeau on the floor of the New York Stock Exchange in 2015, after the company's IPO. AdvertisementAdvertisementA spokesperson for Planet Fitness previously told Insider Rondeau's departure was not because of "any material or unexpected financial events."

Persons: Chris Rondeau, —, Rondeau, Richard Drew, Casey Willard, Beers, Peers, Dunkin, Willard Organizations: Planet, Service, Planet Fitness, Fitness, New York Stock Exchange Locations: Hampton , New Hampshire

☆ How Morgan Stanley exec Ted Pick rose from 'rough edged' deal junkie to CEO
▼ + stars: | 2023-10-25 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +21 min

Editor's note: Morgan Stanley announced on October 25 that Ted Pick would replace James Gorman as CEO. Employees knew they were getting promoted if Pick told them to wear a tie the following day, an ex-managing director recalled. While Morgan Stanley currently trades at a premium among its Wall Street peers, its enviable success isn't thanks to Pick. Gonzalo Marroquin/Patrick McMullan via Getty Images Show less Morgan Stanley investment management head and dark horse in the race for CEO, Dan Simkowitz. Despite enjoying the stock price gains under Gorman's reign, plenty of longtime employees want another dyed-in-the-wool Morgan Stanley loyalist, according to a former senior executive.

Persons: Morgan Stanley, Ted Pick, James Gorman, Pick, Gucci loafers, Blackstone, Tony James, Morgan, Gorman, Andy Saperstein, Dan Simkowitz, John Mack, Ted, James, Phil Purcell, Mack, Purcell, Merrill Lynch, Paul Taubman, Colm Kelleher, coheads, Gonzalo Marroquin, Patrick McMullan, Saperstein, Euromoney, Parker Gilbert, He's, John, cohead, Bolu, Goldman Sachs, Pablo, tony, Betsey Kittenplan, Smith Barney, James cochairs, Jim Breyer, Anna Wintour, John Mack pranking Pick, John Waldron, I'm, Howard Marks, Bill Parcells, atta, Brian Moynihan, aren't, David Solomon, Jamie Dimon's, Eaton Vance, he's, you've, Richard Drew, —, Hayley Cuccinello Organizations: Employees, Archegos Capital Management, Blackstone, McKinsey, Getty, Middlebury College, China Construction Bank, Harvard Business School, Mitsubishi, Wall, Autonomous Research, Anguilla, Agricultural Bank of China, Capital Management, Metropolitan Museum of Art, Vogue, New York Rangers, Oaktree Capital Management, Bloomberg, Staten, Disney, JPMorgan, Trade, AP Locations: China, Beijing, Manhattan, New York City, Caracas, Venezuela, Brookville, tony Long, hcuccinello@insider.com

☆ Trump Administration Reneged on New York Infrastructure Plan to Punish Cuomo, New Book Alleges
▼ + stars: | 2023-10-20 | by ( Jimmy Vielkind | ) www.wsj.com time to read: 1 min

The Gateway Program would supplement a pair of century-old tunnels vital to commuter rail service between New York and New Jersey. Photo: Richard Drew/Associated PressThe Trump administration broke off negotiations to provide federal help for several New York City infrastructure projects in 2020 after Andrew Cuomo publicly criticized the president, according to a forthcoming book by one of Cuomo’s top advisers. The New York governor’s remarks at the Democratic National Convention that year breached a supposed peace pact between Cuomo and Donald Trump, according to a new memoir by Melissa DeRosa , who was Cuomo’s top aide at the time.

Persons: Richard Drew, Trump, Andrew Cuomo, York governor’s, Cuomo, Donald Trump, Melissa DeRosa Organizations: Associated Press, New, Democratic National Convention Locations: New York, New Jersey, New York City, York

MEXICO CITY (AP) — The Colombian government manipulated a video to alter the applause received by President Gustavo Petro during his speech at the United Nations General Assembly in New York. The recording released by the presidential office incorporated applause for U.S. President Joe Biden, who spoke moments before Petro, making it appear the applause was directed at the Colombian leader. Although Petro did receive applause, the final clip of the video posted Thursday on the government’s YouTube channel does not correspond to what was broadcast in the U.N. video. At 1:52:39 of the official U.N. broadcast, the same applause that the Colombian government video shows going to Petro is heard but it is at the end of Biden's his address. In the edited video released by the Colombian government, all those seats look to be occupied.

Persons: Gustavo Petro, Joe Biden, Petro, Richard Drew, Luiz Inácio Lula da Silva, Biden, Volodymyr Zelenskyy Organizations: MEXICO CITY, United Nations General Assembly, Associated Press, Colombian, AP, YouTube, General Locations: MEXICO, New York, Colombian

☆ Zelensky urges unity in dramatic UN address
▼ + stars: | 2023-09-19 | by ( David Shortell | ) edition.cnn.com time to read: +2 min

CNN —Ukrainian President Volodymyr Zelensky urged a global front against Russian aggression in a dramatic speech delivered Tuesday during the UN General Assembly – his first in-person address to the global body since Russia’s 2022 invasion. Zelensky addresses the United Nations General Assembly on September 19. In a warning to other nations over “shady” cooperation with Russia, the Ukrainian president also invoked the death of Russian Wagner boss Yevgeny Prigozhin last month. The Russian representative in the General Assembly hall was shown on UN cameras taking notes and checking his phone throughout the speech. Zelensky is expected to meet with US President Joe Biden and travel to Washington later this week.

Persons: Volodymyr Zelensky, Assembly –, ” Zelensky, ”, Zelensky, Vladimir Putin, Richard Drew, “, Russian Wagner, Yevgeny Prigozhin, Joe Biden Organizations: CNN, UN, Assembly, United Nations General Assembly Locations: Ukraine, General, Russia, Ukrainian, “, Washington

☆ Meet Ted Pick, the hard-charging 'deal junkie' who rose to the top at Morgan Stanley the old-fashioned way — and looks poised to succeed James Gorman as CEO
▼ + stars: | 2023-08-01 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +20 min

Employees knew they were getting promoted if Pick told them to wear a tie the following day, an ex-managing director recalled. While Morgan Stanley currently trades at a premium among its Wall Street peers, its enviable success isn't thanks to Pick. Succession has traditionally been a bloody sport on Wall Street, and Morgan Stanley is no exception. Gonzalo Marroquin/Patrick McMullan via Getty Images Show less Morgan Stanley investment management head and dark horse in the race for CEO, Dan Simkowitz. Despite enjoying the stock price gains under Gorman's reign, plenty of longtime employees want another dyed-in-the-wool Morgan Stanley loyalist, according to a former senior executive.

Persons: Morgan Stanley, Ted Pick, Pick, Gucci loafers, Blackstone, Tony James, Morgan, James Gorman, Gorman, Andy Saperstein, Dan Simkowitz, John Mack, Ted, James, Phil Purcell, Mack, Purcell, Merrill Lynch, Paul Taubman, Colm Kelleher, coheads, Gonzalo Marroquin, Patrick McMullan, Saperstein, Euromoney, Parker Gilbert, He's, John, cohead, Bolu, Goldman Sachs, Pablo, tony, Betsey Kittenplan, Smith Barney, James cochairs, Jim Breyer, Anna Wintour, John Mack pranking Pick, John Waldron, Goldman, I'm, Howard Marks, Bill Parcells, atta, Brian Moynihan, aren't, David Solomon, Jamie Dimon's, Eaton Vance, he's, you've, Richard Drew, — Organizations: Employees, Archegos Capital Management, Blackstone, McKinsey, Getty, Middlebury College, China Construction Bank, Harvard Business School, Mitsubishi, Wall, Autonomous Research, Anguilla, Agricultural Bank of China, Capital Management, Metropolitan Museum of Art, Vogue, New York Rangers, Oaktree Capital Management, Bloomberg, Staten, Disney, JPMorgan, Trade, AP Locations: China, Beijing, Manhattan, New York City, Caracas, Venezuela, Brookville, tony Long

☆ Mattel's Barbie is a hit. Retailers and restaurants want in
▼ + stars: | 2023-07-29 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

Around that time, it started planning Barbie parties: Celebrations with themed cocktails, pink food and plenty of opportunities to show off Barbiecore outfits in the Instagram-friendly venue, including life-size hot pink Barbie and Ken boxes. By marketing Barbie products to adults, large retailers may be able to get them to buy similar products for kids. With Barbie products that appeal to grown-ups, marketers are “getting that interactivity between adults and children, that bonding,” which can also be used as a selling point. The clothing retailer offers a Barbie line that includes Gap and Barbie branded t-shirts, jackets and more, for both kids and adults. Nordhielm pointed to Cold Stone Creamery’s Barbie pink cotton candy ice cream as a standout.

Persons: Barbie ”, “ Barbie ”, Moshe Isaacian, Isaacian, Richard Drew, “, ”, Tim Calkins, Barbie, Ken, Leana Chavez, cabana, Lauren McCord, Christie Nordhielm, Richard Dickson, Richard B, Levine, Levine Roberts, “ Barbie, Oppenheimer, David Canales, David Reibstein, University of Pennsylvania’s Wharton, we’re, Mike Blake, ” Reibstein, “ it’s, Northwestern’s Calkins, Mattel, Chrissy Teigen Organizations: New, New York CNN, Twitter, Mattel, Warner Bros, CNN, Warner Bros ., Northwestern University’s Kellogg School of Management, Wunder, Georgetown University’s McDonough School of Business, Press, University of Pennsylvania’s, Reuters, Creamery Locations: New York, Wunder Garten, Washington , DC, Zara, Gran Via, Madrid, Malibu, Malibu , California

☆ Tony Bennett, crooner who sang ‘I Left My Heart in San Francisco,’ dies at 96
▼ + stars: | 2023-07-21 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +16 min

CNN —Legendary singer Tony Bennett, best known for singing “I Left My Heart in San Francisco,” has died, according to his longtime publicist, Sylvia Weiner. From Tony Bennett Bennett was discovered by Bob Hope while performing at a New York City club in 1949. In 1963, his recording of "I Left My Heart in San Francisco" won Grammy Awards for record of the year and best solo vocal performance. ABC Photo Archives/Walt Disney Television/Getty Images Bennett and San Francisco Mayor Dianne Feinstein hang onto the outside of a San Francisco cable car before taking a test ride in 1984. His performance of “I Left My Heart in San Francisco” won Grammys for best record and best male vocal performance.

Persons: Tony Bennett, “, ”, Sylvia Weiner, Bennett, Bob Hope, Frank Sinatra, Lady Gaga, ” Bennett, he’d, CNN’s Larry King, Susan Benedetto, Danny, Dae Bennett, Johanna Bennett, Antonia Bennett, Paul McCartney, Larry Busacca, Anthony Benedetto, Tony Bennett Anthony Dominick Benedetto, Hope, ‘, ’, ‘ Anthony Dominick Benedetto, ’ ” Tony Bennett, Virginia Sherwood, Anthony Dominick Benedetto, John, Mary, John Jr, Tony Bennett Bennett, Bill Randall applauds, Patricia, D'Andrea, Daegal, Pat, collie, David McLane, Sammy Davis Jr, David Redfern, Louis Armstrong, Charlie Ley, Sandra, Malcolm MacNeil, Mirrorpix, Joanna, Howard Cosell, Dianne Feinstein, Feinstein, Jeff Reinking, David Letterman, Richard Drew, Patti LaBelle, Hans Deryk, Mark J, Terrill, Elton John, Scott Gries, Madame Tussaud's, Kevork, Tim Mosenfelder, Fernando Leon, Tina Turner, Robert Redford, Julie Harris, Suzanne Farrell, Scott Suchman, Kevin Winter, Billy Joel, York's Shea, Kevin Mazur, Duke Ellington, Brendan Hoffman, Stevie Wonder, Shahar Azran, Amy Winehouse, Kevork Djansezian, Susan, Michael Loccisano, Sean Zanni, Ball, Tony, San Francisco ”, …, ’ ” Bennett, NPR’s Terry Gross, it’s, Clinton, JP Yim, you’re, “ It’s, Danny Bennett, kd, Elvis Costello, “ Tony Bennett, Jack Benny, Charlie Chaplin, Walt Disney, Gary Gershoff, –, Sinatra, Jon Bon Jovi, Bono, ” Sinatra, “ Larry King, Ella Fitzgerald, Ella, Bing Crosby, “ Cheek, Cheek, Alzheimer’s Organizations: CNN, MTV, Recording Academy, Los Angeles Convention Center, Paramount, NBCU, Bank, Getty, Facebook, Columbia Records, Bettmann, Patrick's, NY, Smithsonian, Daily, Hulton, ABC, Walt Disney Television, San Francisco, United Nations, Super, Rainforest Foundation, New York's Carnegie Hall, San Francisco Giants, Kennedy, Apollo, New York's Radio City Music Hall, American Ballet, Children's Diabetes Foundation, Children's Diabetes, Radio City Music Hall, San, Clinton Global, New York Times, New York’s High, of Industrial Art, Kennedy Center, ”, AARP, Radio City Music, CBS Locations: San Francisco, New York, Los Angeles, Astoria , New York, Greenwich Village, New York City, Cleveland, St, Manhattan, Redferns, Washington , DC, View , California, Washington, Lady

☆ Remembering Sally Ride: 40th anniversary of her historic spaceflight
▼ + stars: | 2023-06-18 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

CNN —It has been 40 years since Sally Ride became the first woman from the United States to travel into outer space. She was not open about her personal life, according to former NASA astronaut Steve Hawley, who was married to Ride from 1982 to 1987. However, the educational company she cofounded, Sally Ride Science, revealed more of her personal life in her 2012 obituary, recognizing her longtime partner, Tam O’Shaughnessy, after Ride died of pancreatic cancer. NASASherr’s book “Sally Ride: America’s First Woman in Space” was first published in 2014. A trailblazer’s legacyRide’s ambition and love of knowledge extended far beyond her role as an astronaut, Sherr noted.

Persons: Sally Ride, Steve Hawley, Sally, Tam O’Shaughnessy, Ride, NASA hasn’t, General, Christina Koch, Victor Glover, Artemis, NASA's, Lynn Sherr, “, Sherr, ” Sherr, Dale Moore, ”, Billie Jean King, Martin Luther King Jr, ’, King Charles III, Prince of Wales, ‘, Valentina Tereshkova, Svetlana Savitskaya, Ride’s, Lyndon B, Johnson, Gloria Steinem, Richard Drew, Tam O'Shaughnessy, Barack Obama, Kevin Dietsch, O’Shaughnessy, Charles Tasnadi, Eileen Collins, NASA’s Koch, Jessica Meir, —, Rob Navias Organizations: CNN, NASA, Sally Ride, NASA’s, Space Center, CAPCOM, Johnson Space Center, ABC News, Ride, Edwards Air Force Base, Stanford University, Stanford Daily, Soviet Union, Girls Club of America, Magazine, White, UPI, Sally Ride Science, University of California, UC San Diego, Poets, State Department, United Nations Locations: United States, Houston, California, Soviet, New York, Washington ,, San Diego, Columbia

☆ What the potential UPS strike could mean for your packages
▼ + stars: | 2023-06-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

New York CNN —A UPS strike by 185,000 workers 25 years ago brought the logistics giant’s operations to a standstill. Striking employees of UPS in Chicago in 1997, the last major UPS work stoppage. In a worst case scenario, a longer-term UPS strike could cause major disruptions to the US supply chain network. UPS and the Teamsters' union contract expires August 1. Small and medium-sized businesses lower in the pecking order than big-box chains would see the most delays from a lengthy strike, logistics experts say.

Persons: Jeff Haynes, ”, Cathy Roberson, Richard Drew, ” Roberson, Pitney Bowes, John Haber, “, Carol Tome, Sean O’Brien, ” O’Brien, Alan Amling Organizations: New, New York CNN, UPS, US Postal Service, FedEx, Teamsters, Getty, Logistics, Walmart, Target, ”, Transportation Insight Holding Company, CNN, University of Tennessee’s, Chain Institute, “ Locations: New York, United States, Chicago, AFP

☆ What the chaos at Twitter means for the future of social movements
▼ + stars: | 2023-06-11 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

CNN —When thousands of Egyptians marched through the streets during the Arab Spring of 2011, they had a tool at their disposal that earlier social movements didn’t: Twitter. Peter Macdiarmid/Getty Images“You can’t underestimate the impact of Twitter to social movements,” Amara Enyia, manager of policy and research for the Movement for Black Lives, told CNN. “There are now issues in how people see Twitter as a source of information and a source of political community,” said Kuo, whose research focuses on race, social movements and digital technologies. “It isn’t seen in the same way anymore.”Elon Musk's controversial policy changes at Twitter could have implications for social movements, some activists say. Twitter has been an incredibly powerful tool for social movements, Enyia said.

Persons: Michael Brown, George Floyd, Harvey Weinstein, Peter Macdiarmid, ” Amara Enyia, Elon Musk, wouldn’t, Rachel Kuo, ”, Kuo, ” Elon, Carina Johansen, NTB, Musk, Sarah Aoun, Aoun, Donald Trump, Marjorie Taylor Greene, ” Aoun, Linda Yaccarino, Rich Wallace, Wallace, Chandan Khanna, we’ve, ” Kuo, Enyia, it’s, Jack Dorsey, Richard Drew, –, ” Enyia, don’t Organizations: CNN, Twitter, Occupy, Hollywood, Movement, Elon, University of Illinois, Getty, Intelligence, Protesters, Center, Defamation League, GOP, Equity, AP Locations: New York, Ferguson , Missouri, Cairo, Egypt, Urbana, Champaign, AFP, cybersecurity, Tahrir, Chicago

In their joint venture agreement, Baker Hughes says it uses C3.ai's solutions and also sells the product to companies in the oil and gas industry. CNBC's "Last Call" aired a report Thursday night on the investor lawsuit against C3.ai and the company's relationship with Baker Hughes. The lawsuit says the publicity about the massive Baker Hughes sales force "artificially inflated C3's stock" when the company first went public. Richard Drew | APIn an April 2023 filing, Baker Hughes announced it divested 1.7 million C3.ai shares, bringing its ownership to 6.9 million shares. Kerrisdale pointed to C3.ai's "highly conspicuous growth" in unbilled receivables, largely from Baker Hughes, and wrote that "accounting red flags abound with the Baker Hughes relationship."

Persons: Tom Siebel, Siebel, Thomas M, Chris J, Ratcliffe, it's, Baker Hughes, Logan Roy, Larry Ellison, Yasmin Khorram, Dan Brennan, We've, Brennan, he's, CNBC's, Reed Kathrein, Theranos, —, Kathrein, Richard Drew, they'd, unbilled, receivables, Siebel's, Ken Goldman, Goldman, Gil Luria, Davidson, Luria, Nick Wells, Scott Zamost, Sam Woodward, Tom Siebel's Organizations: Siebel Systems, Oracle, Bloomberg Tech Summit, Bloomberg, Getty, CNBC, Forbes, Siebel, C3, U.S . Department of Defense, Shell, Northern District of, SEC, Twitter, " Traders, New York Stock Exchange, AP, Point Capital Management, Spotify, C3 Energy, Revenue, Wall Locations: London, Redwood City , CA, Redwood City , California, Northern District, Northern District of California, unbilled receivables, Point

Photo: Richard Drew/Associated PressTucker Carlson still has plenty of opportunities in broadcasting despite his ouster from Fox News, media observers said, though history shows that departing star anchors have struggled to regain the influence and reach that they enjoyed at the conservative news network. “Tucker will have options, whether they’re entrepreneurial as he was before he came to Fox, or more traditional outlets,” Jonathan Klein , former president of CNN US, said in an interview. However, he “probably won’t reach the same size audience and he won’t have the same influence that he had.”

Photo: Richard Drew/Associated PressFox News parted ways with prime-time host Tucker Carlson , a surprising move that comes after he made disparaging remarks about colleagues at the network that were disclosed during a legal battle with a voting-machine company. Mr. Carlson’s departure puts an end to a decade-plus tenure at the conservative news network during which he rose to become the highest-rated host in prime-time cable news.

☆ Markets are ignoring recession signals because a downturn might actually ease a handful of problems facing stocks
▼ + stars: | 2023-04-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Today we're diving into how a recession could affect the stock market — and why it may not be all bad in the eyes of investors. Traders gather on the floor of the New York Stock Exchange, Friday, March 18, 2016. Markets so far this year haven't acted like they're too concerned about a recession, and that's no accident, according to DataTrek Research. : Sticky, high prices have weighed on stocks, but a slowdown would alleviate this. Falling productivity in the labor market: A recession could stop companies from hoarding workers, which could improve profit margins.

☆ Here's why 2023's stock rally could fizzle out and end up burning bullish investors
▼ + stars: | 2023-02-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Now let's turn to the stock market. Traders gather on the floor of the New York Stock Exchange, Friday, March 18, 2016. The surging stock market suggests that investors are fairly optimistic these days. In a Friday note, strategists said the stock market is set to peak in the next two weeks because inflation could come roaring back. US stock futures fall early Monday, after Friday's strong US jobs report fueled speculation that interest rates will rise further.

☆ Trump's political ascent was fueled by Southern Republicans. Now they're his main 2024 opponents
▼ + stars: | 2023-01-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +10 min

REUTERS/Randall HillIn the pivotal 2016 South Carolina primary, Trump won the contest — beating Bush, Rubio, and Cruz in their own Southern backyard. AP Photo/Richard Drew, FileTrump is no longer a Washington outsiderIn 2016, Trump was a novelty to many Republican voters. And in recent months, DeSantis has increasingly eclipsed Trump as the top presidential choice among GOP primary voters. Haley and Scott could potentially be competitors to win the 2024 GOP presidential nomination. By the time the Florida GOP primary was held, Jeb Bush had already suspended his campaign, humbled by his fourth-place showing in South Carolina.

☆ Wall Street is feeling bearish, but a rare stock market pattern is hinting at a bull rally to kick off 2023.
▼ + stars: | 2023-01-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Traders gather on the floor of the New York Stock Exchange, Friday, March 18, 2016. There is little optimism for stocks among Wall Street's foot soldiers, according to the latest fund manager survey from Bank of America. As BofA pointed out, that means the so-called "pain trade" in the stock market is higher, and any sudden rally would catch investors off-guard. But Wall Street survey be damned, stocks seem to be on the brink of a rare, bullish trifecta. The surge has pushed the world's most largest crypto token to levels not seen since before the fall of FTX.

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