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☆ AI tools from Microsoft and Google are just streamlining middle management, leading AI expert says: WSJ
▼ + stars: | 2024-04-27 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Microsoft Copilot and Google Gemini have been advertised as AI-powered productivity tools. But Ethan Mollick, a leading AI expert, has a more cynical view of the products. Copilot automates middle management while Gemini makes surveillance easier, he told WSJ. AdvertisementMicrosoft and Google rolled out their own AI-powered productivity tools last year, touting them as products that could revolutionize how people work. This story is available exclusively to Business Insider subscribers.

Persons: Ethan Mollick, —, JP Morgan Organizations: Microsoft, Google, Gemini, Service, University of Pennsylvania's Wharton School of Business, White, Business

☆ Alexey Navalny's death wasn't directly ordered by Putin, WSJ reports
▼ + stars: | 2024-04-27 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Putin critic Alexey Navalny's death may not have been planned to happen when it did, WSJ reported. The Journal reported that this opinion is shared by several US intelligence agencies. AdvertisementAlexey Navalny's February death in a remote Arctic prison camp likely wasn't directly ordered by Vladimir Putin, despite Navalny's outspoken criticism of the Russian president, The Wall Street Journal reported Friday. Despite the suspicious circumstances of the opposition leader's death, the outlet reported Putin may not have intended Navalny to be killed when he was. None of the intelligence agencies cited by the Journal or the Pentagon have responded to requests for comment from Business Insider.

Persons: Alexey Navalny's, Navalny's, —, Vladimir Putin, Putin, — wasn't, Putin wasn't, Leonid Volkov, Navalny Organizations: Kremlin, Service, Street, CIA, National Intelligence, State, Journal, Pentagon, Business Locations: Russian, Poland

☆ Facebook cofounder accuses Tesla of being the next 'Enron'
▼ + stars: | 2024-04-27 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Read previewA Facebook cofounder's attacks against Tesla continues, and it comes with one of his boldest allegations against the company to date: Tesla is the next Enron. — Elon Musk (@elonmusk) April 26, 2024Moskovitz had not yet addressed Musk's posts on Friday. On Wednesday, the Facebook cofounder acknowledged the gravity of his comments in his social media post. Moskovitz also has long been skeptical of Elon Musk and his ventures. "I call on Elon Musk to resign," Moskovitz said on Threads last year, adding that he should resign "(from everything)."

Persons: —, Tesla, Dustin Moskovitz, Asana, Elon Musk, Musk, Dustin Moskowitz, — Elon, Moskovitz Organizations: Service, Business, Tesla, Enron, Traffic Safety Administration, Securities and Exchange Commission, Bloomberg, Justice Department, SpaceX, Elon

☆ You may be driving your colleagues nuts with a seemingly harmless Slack practice known as 'hey hanging'
▼ + stars: | 2024-04-27 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

If you've ever sent a message that said "hi" and nothing else, you may be guilty of "hey hanging." Some workers say the practice can cause anxiety and disrupt productivity. 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 . This story is available exclusively to Business Insider subscribers.

Persons: you've, — Organizations: Service, Business

☆ Too busy for hush money? Trump debuts longshot 'multi-tasking' defense during testimony by longtime assistant Rhona Graff
▼ + stars: | 2024-04-27 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

The now-retired assistant, Rhona Graff, told jurors that Trump was prone to "multi-tasking" and sometimes would be on the phone at the same time he signed checks. The testimony was elicited during Graff's cross-examination by Trump attorney Susan Necheles. Related storiesThe nine checks are the only records bearing Trump's signature out of 34 checks, invoices, and business-ledger records he allegedly falsified. After Trump signed each check, it would be FedExed back to the Trump Organization's Trump Tower headquarters, scanned into the company records, and then cut and mailed to Cohen. — respectful boss to me," Graff told jurors of working alongside Trump in the Trump Organization headquarters on the 25th-floor of Trump Tower.

Persons: —, Donald Trump, Rhona Graff, Trump, Trump's, Michael Cohen, Stormy Daniels, Susan Necheles, Necheles, Graff, Susan Hoffinger, Juan Merchan, Cohen, Alvin Bragg, Bragg, Daniels, Karen McDougal, McDougal, Playboy Bunny Organizations: Service, Business, GOP, Manhattan, Trump, Court, Trump Organization, White, Prosecutors, Trump Tower Locations: New York, Trump

☆ Apple is weighing a big decision impacting the next iPhone release: OpenAI or Google's Gemini
▼ + stars: | 2024-04-27 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

Apple is in talks with OpenAI and Google to bring AI to the next iPhone, Bloomberg reported. Tim Cook in recent months has teased that Apple has big plans for AI coming this year. 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 . Business Insider previously reported that the iPhone 16 is expected to be released this fall.

Persons: Tim Cook, — Organizations: Apple, OpenAI, Google, Bloomberg, Service, Business

☆ Walmart's CEO made almost 1,000 times the median employee last year
▼ + stars: | 2024-04-26 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Walmart CEO Doug McMillon received total compensation of $26.9 million in the last fiscal year. The median compensation for associates was $27,642, according to Walmart's annual proxy statement. Since 2009, McMillon has received a combined $136 million for his work as a Walmart executive. Walmart's Doug McMillon received total compensation last year of more than $26.9 million, up $1.6 million from the year before, according to the company's annual proxy statement filed Thursday with the SEC. The pay package consisted of $1.5 million in base salary, $19.6 million in stock awards, and $5.8 million in other compensation.

Persons: Doug McMillon, McMillon, —, Walmart's Doug McMillon Organizations: Walmart, Service, SEC, Business

☆ Microsoft's going to keep spending big as AI continues to boom
▼ + stars: | 2024-04-26 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Microsoft plans to boost spending on AI and cloud services as demand rises. Microsoft's spending commitment follows leaked plans to acquire 1.8 million AI chips in 2024. 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 . In its third-quarter earnings call on Thursday, the tech giant said it will continue to invest in AI and cloud services because of growing demand and a rise in average spending on its cloud platform, Azure.

Persons: —, Amy Hood Organizations: Service, Microsoft, Business

Learn moreThe fourth game of the Lakers vs. Nuggets NBA Playoffs Round 1 match-up is here, and this game will determine whether the Lakers go home for the season. If you're hoping to learn where to watch Lakers vs. Nuggets without cable, then you're in luck. Where to watch Lakers vs. Nuggets in the USLakers vs. Nuggets Game 4 will air on Saturday at 8:30 p.m. For cord-cutters, this means checking out a live TV streaming alternative like Sling TV or Hulu + Live TV. Hulu + Live TV Hulu + Live TV includes over 90 channels, along with Hulu's on-demand library and access to Disney Plus and ESPN Plus.

Persons: We've, Nikola Jokić, they'll, Hulu's, ExpressVPN Organizations: Business, Lakers, Nuggets, Denver Nuggets, Los Angeles Lakers, Western Conference, The Lakers, US Lakers, ABC, Hulu, ESPN, Disney Plus Locations: New York, Los Angeles, Chicago

☆ Tesla recalled its vehicles, but Autopilot crashes kept happening: feds
▼ + stars: | 2024-04-26 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Feds are investigating whether Tesla's 2023 Autopilot recall worked. In December, Tesla recalled 2 million Autopilot-equipped vehicles with a software update. AdvertisementTesla recalled more than 2 million vehicles last year over crashes involving its Autopilot program. Crashes kept happening, the feds say, and now they're investigating. The NHTSA said in its notice Thursday that Autopilot issues had played an apparent role in "at least 13 crashes."

Persons: Tesla, — Organizations: NHTSA, Service, Traffic Safety Administration

☆ Trump mocks Bill Barr while thanking him for his endorsement, calling him 'gutless' and 'lazy'
▼ + stars: | 2024-04-26 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Donald Trump mocked Bill Barr while thanking him for his endorsement in the 2024 election. The former US attorney general has grown critical of Trump but pledged to vote Republican in November. Trump said he would withdraw a previous insult calling Barr "lethargic." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer US President Donald Trump mocked former US attorney general Bill Barr while thanking him for his endorsement in the 2024 presidential election race.

Persons: Donald Trump, Bill Barr, Trump, Barr, lethargic, — Organizations: Trump, Republican, Service, Fox News, Business

They call it an encirclement of their nation and say the United States is trying to constrain its main economic and military rival. The United States also has a new security agreement with Papua New Guinea. On Wednesday, Mr. Biden signed a $95-billion supplemental military aid and spending bill that Congress had just passed and that includes $8.1 billion to counter China in the region. In addition, the United States continues to send weapons and Green Beret trainers to Taiwan, a de facto independent island and the biggest flashpoint between the United States and China. A swarm of Chinese militia and Coast Guard vessels chased a Philippine Coast Guard ship in the South China Sea last year.

Persons: Xi Jinping, Biden, Antony J, Blinken, Yuri Gripas, ” Ely Ratner, Xi, ” Kurt Campbell, Joseph Wu, ”, “, Samuel J, Paparo Jr, Mr, Paparo, Carl Vinson, Richard A, Brooks, Trump, Lloyd J, Austin III, Chen Jining, Jes Aznar, David H, Berger, Obama, Tony Mcdonough, United States —, Admiral Paparo, China’s “ revanchist, we’re Organizations: Australian, U.S, Marines, United, Pentagon, Corps, Mr, White House, White, The New York Times, American, Marine, Green, China’s, Liberation Army, Seoul SOUTH, Pacific Command, People’s Liberation Army, Agence France, Nuclear Forces Treaty, Defense, Communist Party, Tokyo Okinawa, U.S . Navy, Coast Guard, Philippine Coast Guard, Marine Corps, Army, Philippines Luzon Partner, Australia Darwin Potential, NATO, Tomahawk Locations: Beijing, United States, Papua New Guinea, Philippines, Japan, Okinawa, Taiwan, Asia, Pacific, U.S, China, Shanghai, South China, South Korea, Guam, Washington, Manila, Taipei, People’s Republic of China, Palau, West Papua, Seoul, Tokyo JAPAN CHINA Taipei TAIWAN Hong Kong, GUAM philippines MALAYSIA INDONESIA JAPAN CHINA TAIWAN, philippines GUAM, INDONESIA Seoul, GUAM philippines, MALAYSIA INDONESIA, Philippine, Moscow, Tokyo, Ryukyu Islands, South, Philippines Luzon, Luzon, Spratly, Australia, Canberra, Singapore, Darwin, Australia’s, . North Carolina, Virginia, Perth, United Kingdom, Navy’s, America

☆ The 'peak boomer' crisis might only get worse: A fifth of Americans 50 and up have no retirement savings, and the majority are worried they won't have enough money
▼ + stars: | 2024-04-26 | by ( Juliana Kaplan | Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Americans say they don't have enough money for retirement, with a solid chunk having no savings at all. At the same time, the economy is about to see the "peak boomer" generation retire and deplete their savings. Tourangeau is part of a generation of older Americans who don't feel confident in their financial situation. Any of those who leave the workforce to retire may need to rely on any retirement savings they have built. AdvertisementAre you a peak boomer or older American worried you won't have enough money for retirement?

Persons: —, Pam Tourangeau, let's, it's, Indira Venkateswaran, Venkateswaran, Nancy LeaMond, LeaMond Organizations: Service, Congressional Research Service, AARP, Research, Savings, Americans, Federal Reserve, University of Michigan Health, Alliance, Lifetime, Security, Social Security Locations: America

☆ A NATO country is refusing to give Ukraine its Patriots because it says it needs them for itself
▼ + stars: | 2024-04-26 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Greece's prime minister said his country cannot give Ukraine its Patriots due to security concerns. Kyriakos Mitsotakis said his country needs them to protect its own airspace. Ukraine has spent months begging its allies for Patriots to help fend off Russian attacks. AdvertisementOne of Ukraine's European allies is refusing to hand over Patriot air-defense systems because it says it needs them to protect its own airspace. Kyriakos Mitsotakis, the prime minister of Greece, said in an interview with Greek news outlet Iefimerida that his country would not provide Patriots or S-300 missile systems to Ukraine.

Persons: Greece's, Kyriakos Mitsotakis, —, Mitsotakis, Ukrainska Organizations: Patriots, Service, Ukrainska Pravda, Business Locations: Ukraine, Greece

☆ Step inside Scottsdale, Arizona, where migrating millionaires have created one of the hottest housing markets in the country
▼ + stars: | 2024-04-26 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

Scottsdale has seen a 102% increase in millionaire residents over the past decade. The appeal of Scottsdale lies in its booming business scene and stunning desert landscapes. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. According to the USA Wealth Report by Henley & Partners, that's a 102% increase in millionaire residents over the past decade. From a booming business scene to breathtaking desert landscapes, here's what I found.

Persons: —, that's Organizations: Service, AZ Central, USA, Henley & Partners Locations: Scottsdale , Arizona, Scottsdale

☆ Meet the top 10 picks in the NFL Draft
▼ + stars: | 2024-04-26 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +1 min

The first round of the 2024 NFL Draft took place in Detroit on Thursday. All top 10 picks were offensive players, a first in NFL Draft history. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Now, the city is hosting a weekend of celebrations for the 2024 NFL Draft, which began on Thursday, April 25, to usher in an exciting new wave of football talent with arguably the most talented draft class in recent memory. This story is available exclusively to Business Insider subscribers.

Persons: Caleb Williams, — Organizations: NFL, Chicago Bears, Service, Lions, NFC, Business Locations: Detroit

☆ Equativ is closing in on a deal to acquire fellow adtech company Sharethrough, sources say
▼ + stars: | 2024-04-26 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +1 min

French adtech company Equativ is in talks to acquire Sharethrough, per multiple sources. AdvertisementFrench adtech company Equativ is nearing a deal to acquire fellow adtech firm Sharethrough, according to multiple people familiar with the matter. These people asked for anonymity to discuss private deal talks. Their identities are known to Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: —, Equativ, couldn't Organizations: Sharethrough, Service, Business Locations: French, American

☆ The best outfits celebrity couples wore at the Time100 Gala
▼ + stars: | 2024-04-26 | by ( Amanda Krause | ) www.businessinsider.com time to read: +1 min

A handful of celebrity couples were in attendance and showcased their most glamorous looks. Patrick and Brittany Mahomes wore diamonds, while Michael J. Fox and Tracy Pollan looked chic. From Patrick and Brittany Mahomes to Michael J. Fox and Tracy Pollan, here are the best couple outfits on the red carpet.

Persons: Patrick, Brittany Mahomes, Michael J, Fox, Tracy Pollan, — Organizations: Service Locations: New York City, Patrick

☆ Federal Student Aid head Richard Cordray, tasked with FAFSA rollout, to step down
▼ + stars: | 2024-04-26 | by ( Katie Lobosco | ) edition.cnn.com time to read: +7 min

Washington CNN —The head of the Federal Student Aid office, which has faced criticism for the botched rollout of this year’s college financial aid form, will be stepping down. The announcement of Cordray’s departure comes as his office has been under fire for problems with a new version of the Free Application for Federal Student Aid, or FAFSA, released late last year. “If there was a financial aid director, or even a college president, that delayed financial aid on their campus for up to six months, the professional price that would be paid for that would be pretty steep,” Justin Draeger, president of the National Association of Student Financial Aid Administrators, told lawmakers. Cordray’s tenureAs the head of FSA, Cordray oversaw not only the FAFSA but also the entire $1.6 trillion federal student loan system. It also sued Navient, one of the biggest federal student loan servicers, for allegedly processing payments incorrectly.

Persons: Richard Cordray, Cordray, Justin Draeger, Virginia Foxx, Miguel Cardona, Cordray’s, Rich Cordray’s, ” Cardona, “, Rich, Obama, ” Cordray, Pell, Biden, Trump, Massachusetts Sen, Elizabeth Warren —, Navient, “ I’m, ” Warren Organizations: Washington CNN, Federal, Aid, CNN, Department of Education, Federal Student Aid, Education, Workforce, National Association of Student Financial, Republican Rep, Consumer Financial Protection Bureau, Democratic, National College, of Education, Public, Consumer Financial, Massachusetts, Corinthian Colleges Locations: North Carolina, Ohio

☆ My family loves my easy homemade tortillas that only need 5 ingredients — and that's including water
▼ + stars: | 2024-04-26 | by ( Steven John | ) www.businessinsider.com time to read: +1 min

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 . AdvertisementIf you're looking for the ultimate crowd-pleasing food — especially if said crowd includes some hungry kids who may or may not be picky eaters — my family has the best homemade tortilla recipe. The five-ingredient recipe is great for tacos, burritos, quesadillas, wraps, dips, or on its own with butter. Since I pretty much always have the simple ingredients on hand in my kitchen, the homemade tortillas have been a great way for my family to save a little money on ever-inflating grocery bills.

Persons: masa, — Organizations: Service

The Robert Durst documentary series returns to HBO on Sunday nights, and we've put together everything you need to know about tuning in, including where to watch The Jinx without cable. Initially released as a miniseries in 2015, The Jinx was an illuminating mix of investigative work and bombshell sit-down interviews with Robert Durst. The series, which uncovered some compelling information, made waves when Durst was arrested by the FBI right before the finale. ET on HBO/MaxWhere to watch The Jinx in the USThe Jinx airs Sunday nights at 10 p.m. Max with ads (Monthly Plan) Formerly HBO Max, now just Max, this streaming service is the US home of premium content from HBO and Warner Bros.

Persons: Robert Durst, we've, Durst, Max, you'll, HBO Max, it's, ExpressVPN Organizations: Business, HBO, FBI, Warner Bros, Max Locations: ExpressVPN

☆ American Airlines cuts some international flights into 2025 citing Boeing delivery delays
▼ + stars: | 2024-04-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. "We're making these adjustments now to ensure we're able to re-accommodate customers on affected flights," American said in a statement. Flights from New York to Barcelona will be suspended Sept. 3. Flights from Dallas/Fort Worth International to Dublin and to Rome, which were both scheduled as year-round flights, will now be suspended on Oct. 26. Flights from Chicago O'Hare to Paris will end Sept. 3 and resume next year.

Persons: John F, Boeing didn't Organizations: Boeing, American Airlines, Kennedy International, Fort Worth International, Dublin, Chicago O'Hare Locations: Barcelona, Europe, New, Athens, New York, Dallas, Rome, Chicago, Paris, Kona, Hawaii, Philadelphia, Miami, Montevideo, Uruguay, Sao Paulo, Brazil

☆ Trump's team wants to restructure the Fed and let him have a say on interest rate decisions: WSJ
▼ + stars: | 2024-04-26 | by ( Ayelet Sheffey | Madison Hall | ) www.businessinsider.com time to read: +5 min

Some members of Trump's team want to restructure the Federal Reserve, the WSJ reported. That could include allowing the president to have a direct say on interest rate decisions. Trump has previously been critical of Powell's handling of interest rates during the pandemic. To help the Fed achieve its 2% inflation target, the Federal Open Market Committee has hiked interest rates 11 consecutive times since March 2022. Advertisement"I think he's going to do something to probably help the Democrats, I think, if he lowers interest rates," Trump said, adding that "it looks to me like he's trying to lower interest rates for the sake of maybe getting people elected."

Persons: Jerome Powell, —, Donald Trump, Trump, President Trump, Susie Wiles, Chris LaCivita, Powell, Ron DeSantis, Nikki Haley, Vivek Ramaswamy, Joe Biden, Robert F, Kennedy Jr, Biden Organizations: Federal Reserve, Service, Street, Trump, Management, Federal, Fed, Fox News, Republican, Florida Gov, South Carolina Gov, Biden, GOP Locations: New York

☆ A woman moved to Florida after her home burned in the Lahaina fires, and the cheapest Maui rental she could find was $10,000 a month
▼ + stars: | 2024-04-26 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

The fires in Maui, Hawaii, displaced 6,200 families, many of whom are still looking for housing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"There are about 7,000 short term rental units on Maui in apartment zoning and 2,200 are in West Maui," Keani Rawlins-Fernandez, a Maui city councilwoman, told KITV. "It would immediately provide housing for those folks who want to stay in West Maui, which is the majority of our folks looking for housing right now." Paele Kiakona, a member of Lahaina Strong, told Hawaii News Now.

Persons: —, Amy Chadwick, Chadwick, " Chadwick, Shannon I'i, I'i, they'll, KITV, Keani Rawlins, Fernandez, Josh Green, We've, Kiakona Organizations: Service, Associated Press, Lahaina, Hawaii News Locations: Maui, Hawaii, Lahaina, Satellite Beach , Florida, West Maui

☆ Chipotle says its service is much faster now, and it means fewer people are bothering to order ahead
▼ + stars: | 2024-04-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Chipotle's CFO said that says that fewer customers are ordering ahead as its service speeds up. A key metric for the chain is how many entrées each restaurant makes in its peak 15 minutes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChipotle says that its service is becoming so much speedier that fewer customers are bothering to order ahead on its app. During the pandemic, many fast-food and fast-casual chains rolled out ways for customers to order ahead so that customers could skip the line.

Persons: —, Chipotle, Jack Hartung, Brian Niccol, Niccol, Hartung Organizations: Service, Business, Boston

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