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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

☆ After life-changing losses, these millennials are now trying to help others preserve their loved ones' legacy
▼ + stars: | 2024-04-08 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +5 min

Nicholas Worley, founder of Inalife, with his three toddler sons at home in Hong Kong. Nicholas Worley | InalifeIt wasn't until he became a father that Nicholas Worley rekindled the idea of preserving memories of his loved ones and their legacies. The death of family members, a failed business partnership and the Covid-19 pandemic played a part in helping three millennials plunge into new businesses that help others memorialize relationships and preserve their family legacy. The company provides digital storage for photographs, video and audio clips of family members so the family can view them now or in the future. Nicholas Worley Founder of InalifeIn July last year, he finally launched Inalife, hoping to break even in about two years.

Persons: Nicholas Worley, Worley, granddad, Inalife Worley, he's, Haresh Tilani, Terence Chia, Tilani, Chia, It's Organizations: Inalife, Subscribers, University of Pennsylvania's Wharton School Locations: Hong Kong

☆ The No. 1 mistake people make when trying to win arguments, according to a Wharton professor
▼ + stars: | 2024-02-01 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

You might assume winning arguments — over politics, a work project, or even where to eat — requires hours of researching data and rehearsing well-informed points. Not necessarily, says Jonah Berger, a marketing professor at the University of Pennsylvania's Wharton School. That's because people often dilute their stronger claims by adding weaker, less relevant ones, Niro Sivanathan, an organizational behavior professor at London Business School, told CNBC Make It in November. So, instead of hearing your strongest points, the person you're hoping to convince may walk away with a shallower understanding of your argument. "If you have just one key argument, be confident and put that on the table, rather than feeling the need to list many others."

Persons: Jonah Berger, didn't, Niro, Sivanathan Organizations: University of Pennsylvania's Wharton, CNBC, London Business School

The Tesla (TSLA.O) CEO told advertisers who have fled his social media platform X over antisemitic content to "Go fuck yourself!" Several business communications analysts said they couldn't remember a similar case of an executive publicly cursing at their customers. Musk, Tesla and X did not respond to requests for comment. Musk apologized for it and then cursed and dismissed the concerns of the advertisers fleeing the platform. Cappelli said Musk wishes to see himself as a rock star, not a business leader who needs to take account of many constituencies.

Persons: Elon Musk, Porte, Gonzalo Fuentes, It's, Andy Challenger, Challenger, Michael O'Leary, Jim Hagedorn, Sam Zell, Musk, Yehuda Baruch, Baruch, Peter Cappelli, Cappelli, Ross Kerber, Lisa Shumaker Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, Ryanair, Boeing, Scotts Miracle, University of Southampton, University of Pennsylvania's Wharton School, Thomson Locations: Paris, France

☆ The hidden expense that's sucking $74 billion out of the economy
▼ + stars: | 2023-11-30 | by ( Bartie Scott | ) www.businessinsider.com time to read: +14 min

They said rising costs kept the board from expanding amenities residents wanted, such as a shared composting system. jhorrocks/Getty ImagesRising price for peace of mindIn the constellation of household costs, insurance is often one of the lesser-noticed line items. But recently the rising cost of repairs and the frequency of damaging weather events have made the deal go sour. Rising insurance costs could inflict more pain on another bruised area of the economy: housing affordability. For this reason, insurance companies could decline to cover them or require costly upgrades before agreeing to a policy.

Persons: that'd, Mark Pauly, Tim Quinlan, you'll, Quinlan, it's, Francesco D'Acunto, D'Acunto, Pauly, they've, Nature, John Coletti, That's, Bartie Scott Organizations: Insurance, Research, Bank of America, Global, American, Casualty Insurance Association, University of Pennsylvania's Wharton School of Business, Insurance Information Institute, Georgetown University's McDonough School of Business, Social Security, National Flood Insurance, Business Insider's Locations: Logan, Chicago, Florida, Wells Fargo, California

☆ An image of Israel Kamakawiwoʻole shows Google search still can't tell AI-generated pictures apart from genuine ones
▼ + stars: | 2023-11-27 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

AdvertisementIf you're struggling to differentiate AI-generated images from real ones, you're not alone. An AI-generated image of the late Hawaiian singer Israel Kamakawiwoʻole is currently showing up as the top search result on Google when you search his name. Business Insider searched for "Israel Kamakawiwoʻole" on Sunday evening and found the AI-generated images continuing to appear as the top search results. Noah Giansiracusa, a professor at Bentley University, pointed out on X that the AI-generated images show Kamakawiwoʻole playing a guitar. Google told 404 Media a day later that it had removed the AI-generated image from search results.

Persons: —, Israel Kamakawiwoʻole, Ethan Mollick, VdZmuUAwCK, Noah Giansiracusa, Google's, Giansiracusa, Kamakawiwoʻole, Judy Garland's, Edward Hopper, Johannes Vermeer Organizations: Service, Google, University of Pennsylvania's Wharton School, Business, Bentley University, Reddit, Media Locations: Hawaiian, Reddit

NEW YORK (AP) — Asking for privacy, hip-hop legend and longtime marijuana enthusiast Snoop Dogg says he's going to stop smoking — though he didn't specify exactly what that might mean. Representatives for the 52-year-old Snoop, born Calvin Cordozar Broadus Jr., did not immediately respond to The Associated Press' requests for comment Friday. That didn't stop ample speculation from fans, many of whom filled the comments of Snoop's post after being caught off guard by his decision. Others applauded the announcement and suggested Snoop may have chosen to stop smoking for his own personal health. Just last week, BIC EZ Reach Lighters announced a limited edition, bag-lighter combo from Snoop and Stewart called " Best Buds Bags."

Persons: Snoop Dogg, I've, Snoop, Calvin Cordozar Broadus, Americus Reed, ” Reed, Reed, Martha Stewart, Stewart Organizations: Associated Press, Americus, University of Pennsylvania's Wharton School of Business, Leafs

☆ AI is going to force millions of workers to train for new jobs. The US has historically been terrible at this.
▼ + stars: | 2023-11-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Experts say many of those workers will need to be retrained for new jobs to avoid being left behind. The US economy has struggled in recent decades to help workers adjust to job disruptions. Emerging generative AI technologies like ChatGPT could eliminate or change the nature of millions of jobs over the next decade. AdvertisementWhen Donald Trump promised to bring back manufacturing jobs before the 2016 election, he was speaking to the Americans who had been left in the lurch. But many overseas jobs aren't likely to return anytime soon, among the reasons job retraining was — and remains — necessary for impacted workers.

Persons: —, Richard Baldwin, Seth Carpenter, Morgan Stanley, hasn't, Donald Trump, Michael Chui, Chui, Ethan Mollick Organizations: Service, Global, Economic, Institute, McKinsey Global Institute, University of Pennsylvania's Wharton School, PricewaterhouseCoopers, IBM, Schools Locations: United States, Mexico

☆ Wharton psychologist on how to reach your potential: People ‘really underestimate the slow learners, the late bloomers’
▼ + stars: | 2023-11-09 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

"Natural talent is overrated," Grant, a bestselling author and psychology professor at the University of Pennsylvania's Wharton School, recently told CNBC's "Squawk Box." And I think that leaves us to really underestimate the slow learners, the late bloomers." Those "slow learners" develop such traits by necessity from an earlier age, priming them well for achievement later in life, he added. Late bloomers also tend to be particularly skilled at turning weaknesses into strengths, and if you can master something you're bad at, you're well-equipped to handle most types of challenges, Grant told "Squawk Box." "The feeling that something is uncomfortable is a signal that you're about to learn something new," Grant told the New York Times last month.

Persons: Adam Grant, bloomer, Grant, CNBC's, prodigies, you've, they're, Mark Cuban, Grant's, Cuban, I've, Warren Buffett Organizations: University of Pennsylvania's Wharton School, New York Times, Research

☆ Jamie Dimon's stock-moving trades show why investors should track CEOs' buying and selling
▼ + stars: | 2023-10-28 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +24 min

While executive stock sales — such as Dimon's planned transactions next year — are not universally red flags, they can get complicated. Insider stock sales Executive stock trades are usually disclosed through SEC filings known as Form 4 documents and accessible through the regulator's EDGAR database — the electronic data gathering, analysis, and retrieval system. Rule 10b5-1 trading plans came into the fold just over two decades ago to reconcile these two discordant facts. Adopting Rule 10b5-1 trading plans gives public-company executives a way to protect against allegations of illegal insider trading in the future. Compared with a tiny stock sale executed through a predetermined plan, executive stock buys generally send a much stronger signal: The executive wants to make money, too.

Persons: Jamie Dimon, Dimon, Jim Cramer, Jim, Eliezer Fich, Dimon's, EDGAR, Chester Spatt, Spatt, —, Susan Li, Drexel's, Wharton, Drexel's Fich, Fich, I'm, Nancy Quan's, Quan, Marc Benioff, Carnegie Mellon's Spatt, Benioff, Howard Schultz, Schultz's, Schultz, Carnegie Mellon's, Nikesh Arora, Arora, Charles Scharf, Wells, Sehwa Kim, Kim, Foot, Mary Dillon, Locker, Dillon, Foot Locker, Jim Cramer's, Al Drago Organizations: JPMorgan Chase, JPMorgan, Dow Jones Industrial, Wall, Dimon, Pfizer, Capitol, Drexel University, Club, Securities, Exchange Commission, SEC, Carnegie Mellon's Tepper School of Business, CNBC, Stanford University, University of Pennsylvania's Wharton School, Stanford, Cola, Salesforce, Carnegie, Starbucks, Palo Alto Networks, Alto Networks, Broadcom, Federal Reserve, Washington Service, Columbia Business School, JPMorgan Chase &, Bloomberg, Getty Locations: U.S, Coke, Salesforce, FL

☆ America’s Debt Crisis Burns While Congress Fiddles
▼ + stars: | 2023-10-20 | by ( Tim Smart | ) www.usnews.com time to read: +9 min

Last month, the Penn Wharton Budget Model from the University of Pennsylvania came out with an analysis of the debt crisis entitled “When Does Federal Debt Reach Unsustainable Levels?”Their answer? The concern is that punting the problem into the future, continuing to raise debt even as interest rates rise further or hold at higher levels for longer, the debt will grow even faster in a “snowball” scenario. Similar proposals have been offered over the years but at the same time they seem to lack political support – indeed, Republicans have recently voiced the idea of cutting Social Security. The debt crisis is rapidly worsening at a time when the bond market is having its own set of problems. A recent government auction of debt, an occurrence that is becoming more common as the U.S. borrows more, saw weak demand.

Persons: Dick Cheney, Richard Neal, Democrats –, Blu Putnam, Alan Greenspan, Ben Bernanke, Jerome Powell, ”, Gene Steuerle, Richard B, Fisher, probity, Kevin McCarthy, Kent Smetters, Boettner, Smetters, Richard Robis, Donald Trump Organizations: Capitol, Democratic, Massachusetts, The New York Times, Federal Reserve, Partisans, Democrats, Fed, CME Group, Social Security, Medicare, Urban Institute, California Rep, Penn Wharton Budget, University of Pennsylvania, University of Pennsylvania's Wharton School, Wharton, Social, Republicans, Treasury, Hamas, BCA Research, White House Locations: U.S, United States, Washington, China, Japan, Israel

☆ Powell's speech did not address GDP rise from productivity growth, Wharton School's Jeremy Siegel
▼ + stars: | 2023-08-25 | 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 EmailPowell's speech did not address GDP rise from productivity growth, Wharton School's Jeremy SiegelJeremy Siegel, University of Pennsylvania's Wharton School professor of finance, joins 'Closing Bell' to discuss what the market reaction to Powell's Jackson Hole speech says about the state of monetary policy, strong productivity despite a labor market slowdown, and the risk of commodity price inflation rising further.

Persons: Wharton, Jeremy Siegel Jeremy Siegel, Powell's Jackson Organizations: University of Pennsylvania's Wharton School

☆ The looming crisis that's going to crush homeowners from coast to coast
▼ + stars: | 2023-08-23 | by ( Taylor Dorrell | ) www.businessinsider.com time to read: +16 min

To maintain profitability, insurance companies have to take in more in monthly premium payments from customers than they pay out in damage claims. This has prompted insurance companies to back out of certain markets or pressure states to raise caps on premiums. Without robust rate caps such as those in California, insurance costs have risen by over 200% while DeSantis has been in office. He also signed legislation in December that protects insurance companies from liability claims and disincentivizes homeowners from filing claims to begin with. Despite these policies, insurance prices have continued to go up and insurers have continued to flee the market.

Persons: Cinda Larimer, Larimer's, Larimer, Anthony Roach, Larimer's who's, I've, Roach, Chubb, Justin Sullivan, Benjamin Keys, Anita Waters, Waters, Ron DeSantis, DeSantis, Desantis, Hurricane Ian, Dale, Deb Weideling, they've, Keys, Philip Mulder, Jeffrey Greenberg, Jeff Goodell, Xavier Cortada, I'm, Cortada, we're, Betsy, Cinda Larimer wasn't, , haven't, Taylor Dorrell Organizations: Navy, Insurance, Rush, Allstate, American International Group, University of Pennsylvania's Wharton School, US Army Corps of Engineers, . Farmers Insurance, AAA, Washington Post, National Bureau of Economic Research, US Treasury, Universal, Getty, Miami, Dakotas, Nationwide, Penn, National Flood Insurance, FAIR, Bay Area Locations: Paradise , California, Paradise, Sacramento, California, , California, . State, Florida, South Carolina, South Florida, Fort Myers Beach, Hurricane, In Miami, States, Louisiana , Oregon, Colorado, Hawaii, Coast, Minnesota, Midwest, Bay, Columbus , Ohio

☆ Watch CNBC's full interview with Wharton's Jeremy Siegel and Veritas' Greg Branch
▼ + stars: | 2023-07-28 | 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 EmailWatch CNBC's full interview with Wharton's Jeremy Siegel and Veritas' Greg BranchJeremy Siegel, University of Pennsylvania's Wharton School professor of finance, and Gregory Branch, founder and managing partner at Veritas Financial Group, join 'Closing Bell' to discuss their thoughts on the economy and more.

Persons: Wharton's Jeremy Siegel, Greg Branch Jeremy Siegel, Gregory Branch Organizations: Veritas, University of Pennsylvania's Wharton School, Veritas Financial Group

☆ Equity markets are headed to new highs, says Wharton's Jeremy Siegel
▼ + stars: | 2023-07-28 | 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 EmailEquity markets are headed to new highs, says Wharton's Jeremy SiegelJeremy Siegel, University of Pennsylvania's Wharton School professor of finance, joins 'Closing Bell' to discuss if there's enough momentum in equities to keep the rally intact, whether the Federal Reserve is done with rate hikes, and more.

Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: Equity, University of Pennsylvania's Wharton School, Federal

☆ ChatGPT creator says AI advocates are fooling themselves if they think the technology is only going to be good for workers: 'Jobs are definitely going to go away'
▼ + stars: | 2023-07-25 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

But OpenAI CEO Sam Altman says some jobs are "definitely going to go away." New jobs could be created in their place, but not all displaced workers will benefit. In March, Goldman Sachs forecasted that 300 million full-time jobs across the globe could be disrupted — not necessarily replaced — by AI. Altman told The Atlantic that he expects better — perhaps higher-paying jobs — will be created in place of the ones that are disrupted. The question, however, is whether displaced workers will be able to navigate their way to these new gigs.

Persons: Sam Altman, Altman, he's, it'd, Jobs, Goldman Sachs, Carl Benedikt Frey, Ethan Mollick, — Organizations: Service, OpenAI, ChatGPT, Columbia Business School, University of Pennsylvania's Wharton School Locations: Wall, Silicon, Oxford

☆ Want to know how to get ready for the rise of AI? Dig into the past.
▼ + stars: | 2023-07-20 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

It's why top researchers are looking to the past as a guide to predict how generative AI could affect workers' jobs in the years and decades to come. "It's possible that in the end, we get better jobs, but in the short term, there's a lot of disruption," Mollick said. But Raymond warned that AI could produce some less-desirable outcomes for customer-service workers, particularly if customer-support chatbots become much more capable and advanced. The extent to which AI displaces jobs will depend on how quickly it scales what Mollick calls the "three levels" of work: tasks, jobs, and systems. Instead, what I would be thinking about is: How do you figure out how to use it to do your job better?"

Persons: Ethan Mollick, Mollick, Carl Benedikt Frey —, Frey, Lindsey Raymond —, —, Raymond, that's, chatbots, Oded, There's Organizations: Service, University of Pennsylvania's Wharton School, MIT Sloan School of Management, White, National Bureau of Economic Research Locations: Wall, Silicon, Oxford, COVID, Columbia

☆ Debt restructuring: We should be engaging with China 'so much more,' professor says
▼ + stars: | 2023-07-18 | 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 EmailDebt restructuring: We should be engaging with China 'so much more,' professor saysMauro Guillen of the University of Pennsylvania's Wharton School discusses the Group of 20's debt restructuring talks and says China has money and influence with "many of these countries out there that are running into trouble." He adds that the West hasn't done enough to bring China to the table.

Persons: Mauro Guillen Organizations: University of Pennsylvania's Wharton School Locations: China

☆ The AI boom is screwing over Gen Z
▼ + stars: | 2023-07-17 | by ( Ed Zitron | ) www.businessinsider.com time to read: +13 min

Now, with the advent of generative AI, organizations are starting to automate many "junior" tasks — stripping away their dubious last attempt to "teach" young employees. America's young workers are headed toward a career calamity. Nobody wants to teach anymoreEven before the rise of AI, young people were facing an early-career crisis. This lack of care is clearly weighing on the young workers who need career development the most. Humans can be enhanced by AI, helped by AI, but replacing them with AI is a shortsighted decision made by myopic bean counters who can't see the value in a person.

Persons: there's, Gen, Gen Zers, it's, Gen Z, Louis, Zers, millennials, Peter Cappelli, Capelli, Paul Osterman, they'd, Osterman, they'll, ChatGPT, Qualtrics, What's, they're, Ulrich Atz, Tensie Whelan, New York University's, Atz, Whelan, —, There's, Knight, It's, Ed Zitron Organizations: Management, Federal Reserve Bank of St, National Association of Colleges, Employers, University of Pennsylvania's Wharton School of Business, US Department of Labor, MIT, Pew Research Center, National Bureau of Economic Research, Gallup, Workplace Intelligence, Amazon, Boston Consulting Group, New York, New York University's Stern Center, Sustainable Business Locations: America, New, Fortune

☆ Here's 9 ways to turn ChatGPT Plus into your personal data analyst with the new Code Interpreter plug-in
▼ + stars: | 2023-07-15 | by ( Aaron Mok | Gabriel Rivera | ) www.businessinsider.com time to read: +8 min

Here's 9 ways ChatGPT Plus users have used Code Interpreter, from data analysis to game creation. Last week, OpenAI launched a beta version of its plug-in called Code Interpreter to users of ChatGPT Plus, which costs $20 a month. Thanks to the new plug-in, users may now be able to turn ChatGPT into their own personal data analyst. After that, Ker found open source code to help Code Interpreter devise a version of the game. Analyze playlistsWith Code Interpreter, there may be no need to wait all year for your Spotify Wrapped playlist.

Persons: OpenAI, Ethan Mollick, there'd, Mollick, Alex Ker, Ker, Greg Howe, Jason Gulya, Drake Surach, —, Surach, Kris Kashtanova, ChatGPT, Salma Aboukar, Midjourney, Wharton, — Salma Aboukar, Rick Astley Organizations: LinkedIn, ChatGPT, Twitter, University of Pennsylvania's Wharton School of Business, Berkeley College, YouTube

☆ Frank founder Charlie Javice gave JP Morgan millions of names and emails for college students she said were customers, but 'it was all fake,' prosecutor says
▼ + stars: | 2023-07-13 | by ( Nate Schweber | ) www.businessinsider.com time to read: +4 min

Javice is accused of grossly exaggerating the numbers of customers she had before her sale to JP Morgan. After hat after the initial deception to JP Morgan Chase, Javice and Amar pivoted to another, Fergenson said. Javice and Amar presented it all in a spreadsheet to JP Morgan Chase, representing all of the names to be Frank users, Fergenson said. Javice's attorney, Alex Spiro, who has alleged that JP Morgan Chase is retaliating against his client for her exposure of their violating of privacy laws, objected. "The government is just regurgitating to the court JP Morgan Chase's civil lawsuit," he said.

Persons: Frank, Charlie Javice, Javice, JP Morgan, Olivier Amar, JP Morgan Chase, Mr, Amar, Micah F, Fergenson, Morgan Chase, Alvin K, Hellerstein, nodded, —, Alex Spiro, Morgan, Judge Hellerstein Organizations: University of Pennsylvania's Wharton School of Business, Forbes, Fast Company, of, Securities and Exchange Commission Locations: Manhattan, Pennsylvania, Southern, of New York

☆ Meta's Threads swiftly signs up 30 million users, in clear threat to Musk-owned Twitter
▼ + stars: | 2023-07-06 | by ( Aditya Soni | ) www.reuters.com time to read: +5 min

Mastodon, another Twitter-like app, has 1.7 million monthly active users, according to its website, while Twitter co-founder Jack Dorsey-backed Bluesky has about 265,000 users. Twitter had 229 million monthly active users in May 2022, according to a statement made before Musk's buyout. THREADS HAS CERTAIN LIMITATIONSMeta's Threads app logo is seen in this illustration taken July 4, 2023. Threads does not have hashtags and keyword search functions, which means users cannot follow real-time events like on Twitter. Currently there are no ads on the Threads app and Zuckerberg said the company would only think about monetization once there was a clear path to 1 billion users.

Persons: Zuckerberg, Elon Musk, Mark Zuckerberg, Twitter's, Jasmine Enberg, Twitter, Meta, Niklas Myhr, Jack Dorsey, Bluesky, Dado Ruvic, hasn't, Marques Brownlee, Linda Yaccarino, Musk, Pinar Yildirim, Aditya Soni, Yuvraj Malik, Bansari Mayur, Akash Sriram, Shounak Dasgupta Organizations: Meta, Twitter, Intelligence, Chapman University, REUTERS, Facebook, University of Pennsylvania's Wharton, Thomson Locations: Las Vegas, Bengaluru

☆ Meta's Threads is a serious threat to Musk-owned Twitter, analysts say
▼ + stars: | 2023-07-06 | by ( Aditya Soni | ) www.reuters.com time to read: +5 min

While Threads is a standalone app, users can log in using their Instagram credentials, which makes it an easy addition for Instagram's more than 2 billion monthly active users. Twitter, by comparison, had 229 million monthly active users in May 2022, according to a statement made before Musk's buyout of the social media platform. Mastodon, another Twitter-like app, has 1.7 million monthly active users, according to its website, while Twitter co-founder Jack Dorsey-backed Bluesky has about 265,000 users. Threads does not have hashtags and keyword search functions, which means users cannot follow real-time events like on Twitter. Overall, analysts said Threads was a strong competitor to Twitter, which has been rocked by abrupt decisions by Musk.

Persons: Elon Musk, Kim Kardashian, Gordon Ramsay, Niklas Myhr, Mark Zuckerberg, Pinar Yildirim, Jack Dorsey, Bluesky, Zuckerberg, Musk, Jasmine Enberg, Marques Brownlee, hasn't, Aditya Soni, Yuvraj Malik, Bansari, Shounak Dasgupta Organizations: Twitter, Chapman University, Facebook, University of Pennsylvania's Wharton, Intelligence, Bloomberg News, Union, Thomson Locations: Las Vegas, Bengaluru

☆ US Supreme Court's liberals warn of LGBT ruling's ripple effects
▼ + stars: | 2023-06-30 | by ( Andrew Chung | Industry Insight | Corporate Attorneys Don T Want To Pay Law Firms For Chatgpt When They Could Use It Themselves | ) www.reuters.com time to read: +5 min

June 30 (Reuters) - The U.S. Supreme Court's conservative-majority ruling letting certain businesses refuse to provide services for same-sex marriages could impact an array of customers beyond LGBT people, according to the court's liberal justices. Smith said, for instance, she would happily serve an LGBT customer who wants graphics for an animal shelter. Critics said that distinction between message and status was not so clear-cut and could quickly veer into targeting people instead. The ruling takes LGBT rights backwards, Sotomayor wrote. The ruling's rationale cannot be limited to discrimination based on sexual orientation or gender identity and could exclude other groups from many services, Sotomayor said.

Persons: Lorie Smith, Neil Gorsuch, Gorsuch, Colorado's, Smith, Critics, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Sotomayor, Jim Bourg Sotomayor, Phil Weiser, of Jesus Christ, Weiser, Lambda, Jennifer Pizer, Amanda Shanor, Shanor, Andrew Chung, Will Dunham Organizations: U.S, Supreme, REUTERS, of Jesus, Lambda Legal, University of Pennsylvania's Wharton School, Thomson Locations: Denver, Colorado, Washington , U.S

☆ Who does inflation hit hardest? Experts weigh in on how higher prices impact households
▼ + stars: | 2023-06-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Fizkes | Istock | Getty ImagesStubborn inflation has driven households near the breaking point, but the pain of high prices has not been shared equally. The lowest-paid workers spend more of their income on necessities such as food, rent and gas, categories that also experienced higher-than-average inflation spikes. Because higher-income households spend relatively more on services, which notched smaller price increases compared with goods, they came out ahead. Middle-income households see slower wage growthBy other measures, Americans in the middle class are getting especially squeezed. watch nowEconomists' definitions of middle class vary.

Persons: Laurence Kotlikoff, Tomas Philipson, Brian Albrecht, Albrecht, Philipson, Aron Levine, Boston University's Organizations: Istock, Getty, Boston University ., White House Council, Economic, University of Pennsylvania's Wharton, Finance, International Center for Law, Economics, Congressional, Office, Pew Research Center, Bank of America Institute, Bank of, Boston, Consumer Financial, Bureau

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