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☆ Google's search boss reportedly warns staff that life won't be 'hunky-dory forever' amid rise of AI rivals
▼ + stars: | 2024-04-24 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Google's search chief Prabhakar Raghavan warned staff about a changing landscape, CNBC reported. He said life won't always be "hunky-dory" as rivals seek to challenge its search dominance. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt's time to brace for a new chapter, Google search chief Prabhakar Raghavan has reportedly warned staff. "It's not like life is going to be hunky-dory, forever," Raghavan also said, per the outlet.

Persons: Prabhakar Raghavan, dory, —, Googlers, Raghavan Organizations: CNBC, Microsoft, Service, Google, Business

☆ Google search boss warns employees of 'new operating reality,' urges them to move faster
▼ + stars: | 2024-04-23 | by ( Jennifer Elias | ) www.cnbc.com time to read: +9 min

"If there's a clear and present market reality, we need to twitch faster, like the athletes twitch faster," he said. The spokesperson highlighted the addition of generative AI to search and improvements in search quality, adding, "There's lots more to come." In March, Google named company veteran Elizabeth Reid to the role of vice president, leading search and reporting to Raghavan. "We're in a new cost reality," Raghavan said. Demis Hassabis, Google's AI leader, said in February after the tool was taken down that it would be re-released in weeks.

Persons: Prabhakar Raghavan, Julia Nikhinson, Raghavan, Sundar Pichai, TikTok, dory, Elizabeth Reid, Ruth Porat, We've, Jonathan Raa, we've, they've, Demis, Bard, Pichai, That's Organizations: Google, US, Bloomberg, Getty, CNBC, Mazda, Microsoft, Google Gemini, Nurphoto, Union's, European Commission, Gemini Locations: Washington , DC, Mountain View , California, Silicon Valley, India, Brazil, Brussels, Belgium

☆ Regional banks may be underpriced due to fear, says Commerce Street Holdings CEO Dory Wiley
▼ + stars: | 2024-04-15 | 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 EmailRegional banks may be underpriced due to fear, says Commerce Street Holdings CEO Dory WileyDory Wiley, president and CEO of Commerce Street Holdings, and Christopher Marinac, director of research at Janney Montgomery Scott, join CNBC's 'The Exchange' to share their outlooks on bank trades, Tesla, and more.

Persons: Dory Wiley Dory Wiley, Christopher Marinac, Janney Montgomery Scott, CNBC's Organizations: Street Holdings, Commerce Street Holdings

☆ Sam Altman's mission to increase human lifespan with a $180 million shipping container experiment at Retro Biosciences
▼ + stars: | 2024-03-23 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +11 min

Called Retro Biosciences, the startup's goal is simple yet supremely ambitious: Add 10 healthy, enjoyable years onto the back end of our lifetimes. But Retro Biosciences actually fits quite neatly into Altman's futuristic worldview. Retro BiosciencesRetro Biosciences sits about 30 miles south of OpenAI's San Francisco headquarters, where ChatGPT was hatched. Joe Betts-LaCroix is the CEO of Retro Biosciences. There are things we already know work super well to improve human longevity, like exercise, diet, faith, and social support.

Persons: Sam Altman, he's, Elon Musk, Mark Zuckerberg, Altman, Instacart —, Joe Betts, LaCroix, isn't, Betts, Retro's, spry, Yamanaka, Shinya Yamanaka, it's, they've, Sora, Thiel, Jeff Bezos, Bezos, Yuri Milner, Billionaire Peter Thiel, He's, Aubrey de Grey, Christian Angermayer, biogerontologist Daniel Promislow, Altman's, Matt Buckley Organizations: Business, OpenAI, Biosciences, Harvard, MIT, Caltech, Extension, Apple, Stanford University, Retro, Bezos, Labs, Billionaire, Cambrian, Retro Biosciences, Bloomberg Locations: geroscience, Silicon Valley, OpenAI's San Francisco, Meta, Golden City, Retro.bio, Redwood City , California, San Diego

☆ Google fires employee who protested Israel tech event, as internal dissent mounts
▼ + stars: | 2024-03-08 | by ( Jennifer Elias | ) www.cnbc.com time to read: +6 min

Ahead of an International Women's Day Summit in Silicon Valley on Thursday, Google's employee message board was hit with an influx of staffer comments about the company's military contracts with Israel. The event on Monday in New York featured an address from Barak Regev, managing director of Google Israel. A Google spokesperson said the employee was fired for "interfering with an official company-sponsored event" in an email to CNBC on Thursday. Unfortunately, before the event a series of off-topic and divisive questions and comments were posted to internal forums. WATCH: Google vs. Google

Persons: “, Sundar Pichai, Barak Regev, Regev, Boycotters, Dory, Gemini, Mai Ubeid, Ubeid, didn't Organizations: Google, CNBC, Israel, Defense Department, Amazon Web Services, Hamas, Palestinian enclave's Health Ministry, Tech, Google Israel, Starbucks, Workers United Locations: New York, Israel, Gaza, Silicon Valley, U.S, France

☆ The economy's gone from strength to strength after the pandemic — but no one quite knows why, or what comes next
▼ + stars: | 2024-02-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +8 min

America has gone from a pandemic crash and recession fears to stocks at record highs and an economic boom. Lockdowns, wars, shortages, inflation, interest rates, day trading, and AI have all played a role. Noam Galai/SOPA/Getty ImagesMany Americans also socked away money during the pandemic, as they saved on expenses like travel and live entertainment. Stimulus-fueled demand, combined with pandemic and war-related supply disruptions, caused inflation to spike to a 40-year high of 9.1% in June that year. The Fed swiftly raised interest rates to rein in the price growth, lifting them from virtually zero to upward of 5% in under 18 months, and hasn't touched them since.

Persons: —, We've, Noam Galai, hasn't, It's, dory Organizations: Service, Federal Reserve, GameStop, AMC Entertainment, AMC, Bank Locations: America, China, Ukraine

☆ Premarket stocks: The world is a mess and Wall Street isn’t paying attention
▼ + stars: | 2024-01-23 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

But geopolitical tensions are growing and Wall Street appears to be underestimating their potential impact on the global economy and markets. The United States and China are squabbling about trade, particularly high-powered AI chips that both believe carry consequences for national security. Less trade could mean lower supplies to meet demand — and that could be bad news for inflation around the world. Bank of America also gave geopolitical risk a top spot on its list of surprises that could affect markets in 2024. It’s the worst start to a year for Chinese stocks since 2016, when investors were ditching their holdings following a market crash in 2015.

Persons: ”, “, Jamie Dimon, dory, he’s, Anna Cooban, Laura He, Hong, Premier Li Qiang, Ken Cheung, Catherine Thorbecke Organizations: New, New York CNN, Dow Jones, Federal Reserve, BlackRock, Shipping, CNBC, Economic, Bank of America, Center for Strategic, International Studies, Apple, Google, Microsoft, Meta, Nvidia, “, Shenzhen Component, Premier, Mizuho Bank, MIT’s Computer, Artificial Intelligence Locations: New York, Russia, Ukraine, United States, China, Taiwan, Suez, Iranian, Pakistan, Iran, Europe, Asia, Drewry, Yemen, Davos, Switzerland, Wall, Shanghai, Shenzhen

☆ Elon Musk is about to find out if ultimatums really work
▼ + stars: | 2024-01-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the ultimatum Elon Musk gave Tesla's board amid a critical time for the company. The big storyElon's ultimatumREUTERS/Steve NesiusUltimatums rarely work in relationships, but what about between CEOs and the massive companies they run? Elon Musk is about to find out. Musk, who has roughly a 13% stake in the EV maker, said if his request isn't met, he'll "prefer to build products outside of Tesla." Meanwhile, Ross Gerber, a longtime Tesla bull, said it's "absurd" to think Musk doesn't already have control over Tesla and described his request as "blackmailing the Tesla shareholders."

Persons: —, Antony Blinken, Elon Musk, Steve Nesius Ultimatums, Elon, isn't, didn't, Wedbush's Dan Ives, Musk's, Ross Gerber, Tesla, Dow Jones, George Glover, That's, cowering, Caspar Benson, Jamie Dimon, dory, Trump, Ray Dalio, Biden, Evan Spiegel's, Hokyoung Kim, They've, Kristen Stewart, Christopher Nolan, Maite Alberdi, Celine Song, Eugene Lee Yang, Dave Bautista, Kevin Costner, Estelle, AA Milne, Jay Chou, Jennifer Ortakales Dawkins Organizations: Service, Boeing, Business, Tesla, EV, Apple, Microsoft, Nvidia, Getty, Intellia Therapeutics, Shoals Technologies, JPMorgan, Biden, Bridgewater Associates, Trump, Alliance, Helicopter, BI, Sundance, Northern Trust Locations: Switzerland, Tesla, Northern

☆ Jamie Dimon warns 'all these very powerful forces' will impact U.S. economy in 2024 and 2025
▼ + stars: | 2024-01-17 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17yth, 2024. "You have all these very powerful forces that are going to be affecting us in '24 and '25," Dimon told Andrew Ross Sorkin Wednesday in a CNBC interview at the World Economic Forum in Davos. "Ukraine, the terrorist activity in Israel [and] the Red Sea, quantitative tightening, which I still question if we understand exactly how that works," Dimon said. Quantitative tightening refers to moves by the Federal Reserve to reduce its balance sheet and rein in previous efforts including bond-purchasing programs. In Dimon's view, the relatively buoyant stock market of recent months has lulled investors on the potential risks ahead.

Persons: Jamie Dimon, JPMorgan, 17yth, JPMorgan Chase, Dimon, Andrew Ross Sorkin, dory, we've Organizations: JPMorgan Chase, JPMorgan, CNBC, Economic, Federal Reserve Locations: Davos, Switzerland, U.S, Ukraine, Israel

☆ Ivanka testifies her relationship with Deutsche Bank was hunky-dory despite New York's AG accusing Trump Org of defrauding it
▼ + stars: | 2023-11-08 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Ivanka Trump testified about her cozy relationship with Deutsche Bank. AdvertisementAdvertisement"I was constantly told by Rosemary and members of her team how much they appreciated the relationship," Ivanka Trump testified. At times, Ivanka Trump testified, Vrablic even convinced her family to take out a loan with Deutsche Bank even if they didn't need to. Vrablic's team "periodically" came to Ivanka with possible investment opportunities, Ivanka Trump testified, whether it was properties up for sale, or working with Softbank. AdvertisementAdvertisement"I was in the hospital, or about to go to the hospital with my first child," Ivanka Trump said.

Persons: Ivanka Trump, —, Donald Trump's, Rosemary Vrablic, Ivanka, Letitia James, Donald Trump, Louis Solomon, Donald Trump Jr, Eric Trump —, Trump, Jesus Suarez, Vrablic, Rosemary, Arthur Engoron Organizations: Deutsche Bank . Ivanka, Deutsche, Service, Deutsche Bank, New York Attorney, Trump, Trump Doral, Post, New York, Trump Org, Trump Organization, Softbank, New Locations: Chicago, Miami, Washington ,

☆ Canary Wharf may yet avoid once-a-decade upheaval
▼ + stars: | 2023-11-06 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

LONDON, Nov 6 (Reuters Breakingviews) - Canary Wharf tends to have a new owner every decade. A recent 300 million pound equity injection implies they will buck the trend. Brookfield and the QIA, which own the estate’s developer Canary Wharf Group through a 50-50 partnership, ostensibly look to be backing a losing horse. Factoring in all its assets on the Canary Wharf estate, Brookfield as of September valued it all at $6.1 billion, or 5 billion pounds – over 2 billion pounds more than what the duo put in eight years ago. Canary Wharf could be owned by highly leveraged, shallow-pocketed types.

Persons: –, Paul Reichmann’s Olympia, Morgan, Breakingviews, dory, George Hay, Oliver Taslic Organizations: Reuters, HSBC, HK, London Docklands, Qatar Investment Authority, Canary, York, Morgan Stanley, Jefferies, Reuters Graphics Reuters, Brookfield, Wharf Group, Thomson Locations: Brookfield, –, CWG, City, Wharf

☆ Lebanon Says Fires Destroy 40,000 Olive Trees, Blames Israeli Shelling
▼ + stars: | 2023-11-02 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By Riham AlkousaaBEIRUT (Reuters) - Fires caused by Israeli shelling in south Lebanon have burned some 40,000 olive trees and torched hundreds of square km (miles) of land, dealing a serious blow to a major Lebanese crop, the agriculture minister said. The Israeli army denied the accusation and said the types of smoke-screen shell it uses do not contain white phosphorus. "These olives have not been harvested yet, meaning we lost the trees and the season," Hajj Hassan said. (But) we have olives trees that are 200 years old." Mohammad el Husseini of the south Lebanon farmers syndicate said the Lebanese government would not be able to compensate farmers for the losses, with the country four years into a devastating financial meltdown.

Persons: Israel, Abbas Hajj Hassan, Hajj Hassan, Dory Farah, Alma Alashaab, Mohammad el Husseini, Riham Alkousaa, Emily Rose, Mark Heinrich Organizations: Hezbollah, Hamas, Reuters, Agriculture, Agriculture Organization, FAO Locations: Riham, BEIRUT, Lebanon, Iran, Lebanese, Israel, Palestinian, Alma, Food, Olive, Beirut, Jerusalem

☆ Russia is promising prisoners a $31,000 payout if they get injured, soldier says. It's likelier than they realize.
▼ + stars: | 2023-10-26 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementRussia is paying convicts as much as $2,000 a month if they fight in Ukraine, with a promise $31,000 if they are injured, a soldier said. The remarks were made by a Russian "Storm Z" soldier — the unofficial designation for units often made of formerly incarcerated fighters. But, it said, in reality they are staffed by Russia's worst soldiers — convicts and regular soldiers marked for punishment. The BBC also reported that the units are formed mostly of convict soldiers, or soldiers re-assigned there as a punishment.

Persons: —, dory, Vsevolod Vukolov, Olga Romanova Organizations: Wagner, Service, Sever, UK's Ministry of Defence, BBC, Storm, Team, Reuters, Wagner Group, Washington Locations: Russia, Ukraine, Russian

☆ Employee Discrimination: Women of All Ages Face Sexism at Work
▼ + stars: | 2023-08-28 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +12 min

But she was taken aback by the extent to which middle-aged women like O'Neill reported experiencing age-related discrimination at work. "When men get to their 40s or 50s, they're considered to be in the prime of their careers," Diehl told me. In one 2019 poll of 400 US workers ages 40 and older, more men than women reported experiencing or witnessing age discrimination on the job. Research has also found that older job seekers face age discrimination regardless of gender, despite a 56-year-old federal law that purportedly protects against older-age discrimination in employment. It's undeniable that workplace age discrimination occurs across gender lines, but the qualitative experiences surfaced by Diehl, Stephenson, and Dzubinski help paint a picture of how an open culture around age discrimination can ultimately end up fueling good, old-fashioned sexism.

Persons: Julie O'Neill, O'Neill, Julie, WCPO, —, ageism, pats, Amy Diehl, wasn't, they're, Diehl, It's, Amber L, Stephenson, Leanne, dory, she'd, Kelli María Korducki Organizations: Cincinnati Bengals, Harvard Business, Companies, Research Locations: COVID, midlife, Cincinnati, WCPO, New York City

☆ Women Face Age Discrimination at Every Age, According to a New Study
▼ + stars: | 2023-08-28 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +12 min

☆ Chasing a World Record, They Endured Storms, Sharks and Freak Waves
▼ + stars: | 2023-07-02 | by ( Douglas Preston | ) www.nytimes.com time to read: +1 min

Eight days later, another Briton, Tom McClean, pulled his dory up a deserted beach in Blacksod Bay, Ireland, having rowed solo across the Atlantic in the opposite direction. While Fairfax was acclaimed and feted, McClean walked to the closest pub, alone. During his ordeal, Fairfax had no idea someone else was rowing across the Atlantic in the opposite direction, thousands of miles to the north. McClean, on the other hand, was acutely aware of his rival and brooded about him the whole way. While celebrated in nautical circles, neither man became well known, nor have their stories been told together in a single book, until now.

Persons: Tom McClean, John Fairfax, James R, Hansen, John Fairfax waded, dory, Fairfax, McClean, “, —, ” Locations: British, Hollywood Beach, Fla, Blacksod Bay, Ireland, McClean, Caribbean, Central, South America

☆ Fireworks, Fishing Derbies and Schooner Parades: A Guide to Summering at America’s Seaports
▼ + stars: | 2023-05-29 | by ( Ellie Mcgrath | ) www.wsj.com time to read: 1 min

IN A BREEZE The annual Gloucester Schooner Festival showcases the majestic two-masted boats, such as the Schooner Columbia. Photo: Getty ImagesWHEN I WAS growing up in Gloucester, Mass., we were steeped in local fishing-port legends. In elementary school, a teacher introduced us to “The Wreck of the Hesperus,” a poem published in 1842 by Henry Wadsworth Longfellow, and if we hadn’t read “Captains Courageous,” Rudyard Kipling’s 1897 novel, we’d probably seen the 1937 film starring Spencer Tracy. We knew the tale of Gloucester hero Howard Blackburn, who rowed his dory to Newfoundland in an 1883 storm, his hands frozen to the oars.

☆ This fish farmer-turned-entrepreneur runs a profitable start-up. Here are his tips
▼ + stars: | 2023-03-09 | by ( Sheila Chiang | ) www.cnbc.com time to read: +7 min

Now at 33, Farizy runs Indonesia-based startup eFishery, which developed products such as automatic feeders that help local seafood farmers save costs and improve productivity. Automatic feeders eliminate the problems of manual feeding, which could result in over-feeding or under-feeding. Say no to high cash burnMany startups focus on blistering growth, which usually means a high cash burn rate. When asked about how he runs a successful company, he said: "We don't burn cash unnecessarily." Cash burn refers to a company spending its cash reserves when it is not yet generating profit.

☆ Google execs tell employees in testy all-hands meeting that Bard A.I. isn't just about search
▼ + stars: | 2023-03-03 | by ( Jennifer Elias | ) www.cnbc.com time to read: +10 min

In the lead up to the Bard announcement, Google executives repeatedly said the technology it was developing internally would integrate with search. “We’re working to bring these latest AI advancements into our products, starting with Search,” the company said in a blog post. That same week, at an event in Paris, Google search boss Prabhakar Raghavan unveiled some fresh examples of using Bard within search. "You see the stories of ChatGPT coincides with an event that we’re having that was actually focused on search," Krawczyk said. Specifically, the question asked why Google lost so many key people who were listed on a paper about much of the AI technology behind Bard.

☆ Google CEO defends job cuts in animated town hall as employees demand clarity on process
▼ + stars: | 2023-01-23 | by ( Jennifer Elias | ) www.cnbc.com time to read: +8 min

Google CEO Sundar Pichai led the companywide meeting and told employees that executives will see their bonuses cut. "I understand you are worried about what comes next for your work," Pichai said. Prior to the job cuts, Google had made the decision to pay out 80% of bonuses this month with the rest expected in March or April. Thomas Kurian, the CEO of Google Cloud, offered some perspective on the areas that saw cuts. Last month, Google employees asked executives at an all-hands meeting whether the AI chatbot ChatGPT represents a "missed opportunity" for Google."

☆ Google staff sent each other memes about layoffs to console each other and created spreadsheets to track firings, report says
▼ + stars: | 2023-01-23 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Google employees created spreadsheets to keep track of who was laid off, CNBC reported. Sundar Pichai, CEO of Alphabet and Google, told staff in a memo he took "full responsibility for the decisions that led us here." Following the announcement, Google employees demanded answers from executives about how the layoffs were determined, CNBC reported. It included the caption: "The sad thing is, I actually thought you were different," next to Google's logo, CNBC reported. Google staff have submitted questions on the company's Q&A system called Dory, CNBC reported.

☆ Google employees scramble for answers after layoffs hit long-tenured and recently promoted employees
▼ + stars: | 2023-01-21 | by ( Jennifer Elias | ) www.cnbc.com time to read: +4 min

Google employees are scrambling for answers from leadership and from colleagues as the company undergoes a massive layoff. On Friday, Alphabet -owned Google announced it was cutting 12,000 employees, roughly 6% of the full-time workforce. Some of the laid-off employees had been long-tenured or recently promoted, raising questions about the criteria used to decide whose jobs were cut. The company provided an FAQ for the layoffs, which CNBC has seen, but employees have complained that it doesn’t give much detail on many answers. The scramble highlights the challenges Google could face in maintaining a supportive and productive company culture for its restive workforce of more than 160,000 full-time employees.

☆ 9 things about sharks you saw in movies that are actually wrong, according to an expert
▼ + stars: | 2023-01-12 | by ( Marianne Guenot | Margaret Guzman | ) www.businessinsider.com time to read: +10 min

Here are facts that "Jaws," "Finding Nemo," and "The Meg" got wrong — and one that's right. NOAA fisheriesIt's those scales that make the shark nose the wrong target for a sucker punch. When Dory hits her nose, her blood goes straight into the shark's nose. So "Finding Nemo" hit the nail on the head when they showed blood actually going into the shark's nose, she said. Gerard Soury/Getty ImagesSharks in "Finding Nemo" might want to fight their urges to eat fish, but it's not in their nature.

☆ How Amazon acquires companies, and what makes it want to buy a firm 'right now'
▼ + stars: | 2022-10-11 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

For starters, the company is hosting its second major sale event of the year, its two-day Prime Early Access Sale. Prime members can expect to get some holiday shopping knocked out with deals on everything from Amazon devices to kitchen tools. The e-commerce giant has been on a shopping spree this year, snapping up companies from One Medical to iRobot. As Amazon reaches hundreds of billions of dollars in sales, it needs to move beyond its traditional retail and cloud businesses. The Prime Early Access Sale starts today and will continue until tomorrow, offering early access to holiday deals.

☆ Fed rate hikes have made some corporate bonds very attractive. How to profit from it
▼ + stars: | 2022-09-27 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

As stocks sink and interest rates rise, investors are getting more excited about corporate bonds than they've been in a generation. One side effect of Federal Reserve tightening policy is it has made interest rates go up everywhere — including in the corporate bond market. The way we choose to access corporate bonds is through a highly diversified low cost index fund and part of the reason for that is when it comes to corporate bonds, there's more difficulty with them than with government bonds," he said. Playing through funds A fund that tracks short-term corporates is the SPSB, SPDR Portfolio Short Term Corporate Bond ETF . There is also the Vanguard Short-Term Corporate Bond ETF VCSH , which tracks a corporate bond index, is off 8.5% this year.

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