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That goes for summer interns, too, and may be especially important for them considering the bar to entry is high at Balyasny. The firm said it usually converts about 50% of its top-performing summer interns into full-time hires. AdvertisementThe hedge fund also has a formal feedback process where interns get a progress report about halfway through the summer, and again at the end. Anna Gietl, intern summer of 2022 BalyasnyDon't just hear feedback — implement itBalyasny's culture is about more than accepting feedback or seeking it out. Feedback can also be a catalyst to help build connections and solicit mentorship from people outside your team, Gietl added.
Persons: Hannah Dinardo, Dinardo, San Francisco —, execs, Dmitry Balyasny, Brendan McDermid, aren't, it's, Andrew McHugh, Anna Gietl, Gietl, , I've, Balyasny, It's, McHugh Organizations: Service, Business, BAM, Balyasny Asset Management Locations: York, New York, Chicago, Austin, Houston, San, London , Hong Kong, Singapore
The US paused a shipment of bombs to Israel last week amid rising concerns over a Rafah assault. Israeli soldiers work on armored military vehicles at a staging ground near the Israeli-Gaza border, in southern Israel on May 8, 2024. That would be a more difficult fight for the Israeli military, Byman said. A view shows Israeli F-16 fighter jets on a runway in an airbase in southern Israel on March 4, 2024. It is not necessarily an unprecedented move, as past US administrations have also threatened to withhold military support from Israel.
Persons: Joe Biden, , Israel, Biden, Benjamin Netanyahu's, Daniel Byman, Byman, Israel's, CNN's Erin Burnett, We're, Raphael Cohen, Cohen, Hatem Khaled, John Kirby, Mohammed Salem, Netanyahu Organizations: US, Service, AP, State Department, Attack Munitions, Transnational, Center for Strategic, International Studies, Hezbollah, REUTERS, RAND Corporation, AIR FORCE, US Army Reserve, White House National Security Council Locations: Israel, Washington, Gaza, Rafah, I'm, Egypt
No, seriously. Where are the TikTok buyers?
  + stars: | 2024-05-08 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +2 min
Former Google CEO Eric Schmidt has decided against buying TikTok. That leaves a really tiny list of people who say they want to buy TikTok. AdvertisementWho's going to buy TikTok? [Crickets]Yes, if you Google "potential TikTok buyers" you'll find a bunch of stories — Business Insider has written one, too — speculating about names. They list Mnuchin as well as Shark Tank host Kevin O'Leary, who also likes to go on TV and talk about buying TikTok.
Persons: Eric Schmidt, , Steve Mnuchin, ByteDance, Kevin O'Leary, Bobby Kotick, OpenAI's Sam Altman, we've, Trump Organizations: Google, Service, Treasury, TV, Street Journal, Activision, Oracle, Walmart, Microsoft, Big Tech, McKinsey, TikTok
That's because inflation is set to fall "dramatically" through the rest of the year, Lee predicted. AdvertisementInvestors should be buying stocks this month, as inflation is bound for a steep decline for the rest of the year, according to Fundstrat's head of research Tom Lee. Real-time price declines will eventually catch up with the official inflation report. High rates risk tipping the economy into a recession and sparking market volatility, as investors, banks, and consumers grapple with a higher cost of borrowing. It is quite high, and as you know, it's putting a lot of pressure on regional banking ... the cost of money is quite high," Lee said.
Persons: Tom Lee, Lee, , That's, it'll Organizations: Service, CNBC
Donald Trump's advisors are discussing penalties for countries that move away from the dollar, sources told Bloomberg. 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 . AdvertisementEconomic advisors to Donald Trump are working out plans to blunt de-dollarization efforts, which could include penalties on any economy that moves away from the greenback. As of March, the dollar still leads in global payments, making up 47.4% of transactions, SWIFT data shows.
Persons: Donald, , Donald Trump, Trump, Emmanuel Macron, hasn't, Nouriel Organizations: Bloomberg, Service, greenback, West, United, CNBC Locations: Ukraine, China, Russia, Saudi Arabia, United Arab Emirates, Europe
The decision by Mr. Sánchez, who has repeatedly astonished his supporters and frustrated his conservative critics with his knack for political survival, is a momentous one for him, his country and all of Europe. Mr. Sánchez inspired anxiety, bewilderment and right-wing hopes last week when he responded to the opening of a judicial investigation into his wife by canceling his public schedule and issuing an emotional public letter. He wrote that harassment against his family had become intolerable and that he was considering quitting. But on Monday he walked back from the precipice after days of apparent reflection out of the public eye. Spain’s public prosecutor’s office had already sought to have the complaint against his wife dismissed for lack of evidence.
Persons: Pedro Sánchez, Sánchez Locations: Spain, Europe
The Times Square Red Lobster will be offering free all-you-can-eat lobster to a select few customers on March 28. Beleaguered seafood chain Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, CNBC has learned. Red Lobster could secure a buyer, it could declare bankruptcy or its lenders could take control of the company. This year marks the 10-year anniversary of Darden Restaurants' sale of Red Lobster after investors pushed the company to divest. As a result, Red Lobster reported $11 million in losses in the fiscal third quarter and $12.5 million in losses the following quarter.
Persons: it's, Jonathan Tibus, Alvarez, Lobster, Kim Lopdrup, Kelli Valade, Horace Dawson, Red Organizations: Times, CNBC, Bloomberg, Red Lobster, Darden Restaurants, Golden Gate Capital, Thai Union Group, Red, Seafood Alliance Locations: Golden
When the Supreme Court considers Donald J. Trump’s sweeping claims of executive immunity on Thursday, it will break new legal ground, mulling for the first time the question of whether a former president can avoid being prosecuted for things he did in office. But in coming up with the argument, Mr. Trump used a tactic on which he has often leaned in his life as a businessman and politician: He flipped the facts on their head in an effort to create a different reality. At the core of his immunity defense is a claim that seeks to upend the story told by federal prosecutors in an indictment charging him with plotting to overturn the 2020 election. In that indictment, prosecutors described a criminal conspiracy by Mr. Trump to subvert the election results and stay in power. In Mr. Trump’s telling, however, those same events are official acts that he undertook as president to safeguard the integrity of the race and cannot be subject to prosecution.
Persons: Donald J, Trump’s, Trump
Read previewDigital regulators in Europe are clamping down on a new feature by TikTok that rewards users for consuming videos and interacting with creators, citing addiction concerns among children. The European Commission said on Monday that it had opened formal proceedings against TikTok Lite, a spinoff version of the TikTok app that uses less mobile data and launched in Spain and France in March. Users can earn such points on the Lite app by watching videos for up to 85 minutes daily. "We suspect TikTok 'Lite' could be as toxic and addictive as cigarettes 'light,'" said Thierry Breton, commissioner for the internal market in the EU. "The TikTok Lite rewards hub is not available to under 18s, and there is a daily limit on video watch tasks," the spokesperson said.
Persons: , TikTok, Thierry Breton, Tiktok, TikTok didn't, Breton, it's Organizations: Service, European, Business, AFP, Digital Services Locations: Europe, Spain, France, EU
The New York Stock Exchange is considering going 24/7, the FT reported. The exchange polled market participants about the merits of round-the-clock trading, per the outlet. Meanwhile, a Steve Cohen-backed startup is seeking SEC approval for a 24-hour exchange. AdvertisementIn a move that may be appropriate for the city that doesn't sleep, as the song goes, the New York Stock Exchange is mulling whether trading should take place around the clock. The Financial Times reported on Monday that the NYSE's data analytics team had polled market participants about the merits of being open 24 hours a day.
Persons: Steve Cohen, Organizations: New York Stock Exchange, SEC, Service, Financial Times, Treasury, Business
It may be the end of the line for the seafood chain Red Lobster, per Bloomberg. AdvertisementSeafood chain Red Lobster is considering filing for bankruptcy, Bloomberg reported Wednesday. According to the outlet, Red Lobster is being advised by the law firm King & Spalding. Red Lobster and King & Spalding did not respond to Bloomberg's requests for comment. Representatives for Red Lobster and King & Spalding did not immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: , Spalding, Red Lobster's, Ludovic Garnier, servings, Ian Borden, Borden Organizations: Bloomberg, Service, King, Spalding, Thai Union Group —, Golden Corral, Business Insider Locations: Maine
A franchisee told BI how he's trying to absorb California's $20 minimum wage for fast-food workers. "Right now I'm trying to size what the true impact will be," he said. But the higher minimum wage has meant that Hom's more experienced workers have also got a boost. He declined to say how much he paid them, but noted that it was "significantly higher than the minimum wage." Some franchisees of Pizza Hut and Round Table Pizza have laid off all their delivery drivers, believed to be because of the $20 wage.
Persons: he's, , Brian Hom, I'm, Hom, He's, they're, Roy Gilad Organizations: Service, Burger King, Energy Locations: San Jose, California, smoothie, , Pizza
Tel Aviv, Israel CNN —Israel’s war cabinet has been engaged in a heated debate about how and when to respond to Iran’s weekend attack on their country, two Israeli officials familiar with the deliberations tell CNN. In addition to a potential military response, the war cabinet is also mulling diplomatic options to further isolate Iran on the world stage. Benny Gantz, a key member of the war cabinet, has pushed for a swifter response to Iran’s attack, two Israeli officials said. But Israeli officials recognize that will be a difficult needle to thread, hence the ongoing debate. An hours-long war cabinet meeting on Sunday ended without a decision on how Israel will respond to Iran’s attack, an Israeli official said.
Persons: Israel CNN —, Benny Gantz, Benjamin Netanyahu, Gantz, Iran’s, Netanyahu, Mohammed Reza Zahedi, Mohammad Hadi Haji Rahimi, Joe Biden, Biden, Organizations: Israel CNN, CNN, Revolutionary Guards, White Locations: Tel Aviv, Israel, Iran, Syria, ” Israel
Editor’s Note: This article was originally published by The Art Newspaper, an editorial partner of CNN Style. CNN —The French street artist JR has unveiled perhaps his most complex Italian trompe l’oeil illusion piece yet, turning a square outside Milan’s Stazione Centrale railway station into a temporary exhibition site of epic proportions. Entitled La Nascita (The Birth), the piece evokes a rugged Alpine terrain with layered black-and-white images. However, while the Florence and Rome projects consisted of flat images mounted onto the fronts of the buildings, in Milan JR has tried to create a sense of depth. “While the exhibition is temporary, even when it’s gone visitors will never see (the station) in the same way,” JR said.
Persons: JR, ” JR, Piazza Duca D’Aosta, Covid, , ” Gabriel Bouys, , Benito Mussolini, King Vittorio Emmanuele III, Palazzo Strozzi, Rome’s Palazzo Farnese, it’s Organizations: The Art, CNN, Art, Getty, Stazione Centrale, Milan JR Locations: Milan’s Stazione Centrale, Piazza Duca, AFP, Italy, France, Milan, Florence, Rome
Opinion: The world rushes to court Trump
  + stars: | 2024-04-12 | by ( Opinion Frida Ghitis | ) edition.cnn.com   time to read: +7 min
She is a weekly opinion contributor to CNN, a contributing columnist to The Washington Post and a columnist for World Politics Review. Now, they’re urgently working on two fronts: seeking to Trump-proof their foreign policy and defense, and hoping to minimize the potential negative impact of a Trump victory. Making matters more unusual – and far more unethical – Trump has effectively launched his own shadow foreign policy, actively undermining Biden’s – America’s – policy. Not only is the former president leveraging his control of the Republican Party to block US aid to Ukraine ‑ Trump is interfering in US foreign policy elsewhere. Interfering in US foreign policy is bad enough, but there’s also an unseemly financial angle.
Persons: Frida Ghitis, Fumio Kishida, David Cameron, Donald Trump, , It’s, they’re, Putin, Trump, Jens Stoltenberg, Viktor Orban, , Orban, , , Joe Biden’s, – Trump, Biden’s, Ukraine ‑ Trump, Richard Grenell, Grenell, Grennell, there’s, Jared Kushner, Aleksandar Vucic, ingratiate, Japan’s, Shinzo Abe, Ivanka Trump, , Biden Organizations: CNN, Washington Post, Politics, Washington , D.C, British, Trump, Ukraine –, NATO, European, Trump Heritage Foundation, , EU, Europe –, Republican Party, Serbian Locations: Washington ,, Japan, United States, Mar, Europe, Russia, European Union, Ukraine, EU, ” Russia, , East, Guatemala, Washington, Serbia, New York
Read previewIncoming junior Wall Street analysts could be in danger of losing their jobs to AI, sources within banks told the New York Times. Big firms are reportedly mulling whether to pull back on hiring new analysts as Wall Street leans more heavily on AI, several people familiar with the matter at Goldman Sachs, Morgan Stanley, and other banks told the publication this week. This story is available exclusively to Business Insider subscribers. Deutsche Bank told Business Insider it was too early to comment on any potential job cuts. Advertisement"AI will enable us to do tasks that take 10 hours in 10 seconds," JPMorgan's head of investment banking Jay Horine told the Times, speaking of Wall Street analysts.
Persons: , Goldman Sachs, Morgan Stanley, Christoph Rabenseifner, Banks, Socrates, Jamie Dimon, Larry Fink, Jay Horine Organizations: Service, Wall Street, New York Times, Business, Deutsche Bank, Times, JPMorgan, BlackRock, Financial, McKinsey, Accenture
A majority of Americans have consistently said in polling that they favor the Roe vs. Wade protections that the court dismantled. At the time, he said he wouldn't sign a federal abortion ban at 15 weeks. In recent months, however, Trump moved in the direction of a federal abortion ban even as some of his statements were at odds with his campaign. After reports surfaced that he told allies he was mulling a federal abortion ban at 16 weeks, his campaign dismissed it as "fake news." "President Trump supports preserving life but has also made clear that he supports states' rights because he supports the voters' right to make decisions for themselves," Brian Hughes, a Trump senior adviser, said in a statement.
Persons: Donald Trump, Trump, Dobbs, Roe, Wade, Sen, Lindsey Graham, Kellyanne Conway, he's, hasn't, Republican South Carolina Sen, Brian Hughes, Joe Biden's, Biden Organizations: Social, White House, White, NBC, Republican South Carolina, NBC News, GOP, Trump, Florida Supreme Locations: Florida, Grand Rapids, Mich, Roe
Wall Street is getting nervous about Tesla
  + stars: | 2024-04-02 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
In today's big story, we're looking at why Wall Street is getting nervous about Tesla . South China Morning PostEarnings season is approaching, and Wall Street's already ringing the alarm on a high-profile company. AdvertisementTesla won't report its full earnings until later this month, but Wall Street is preparing for trouble. One analyst called it a "nightmare" quarter for the company, while another firm labeled Tesla "a growth company with no growth." One strategy is getting more Tesla drivers subscribed to its Full Self-Driving software, which can run $199 monthly.
Persons: , Wall, Insider's Beatrice Nolan, Tesla, It's, that's, Elon Musk, ANDERSEN, Alyssa Powell, Donald Trump's, Ken Griffin's, Claire Merchlinsky, MoviePass, Ted Farnsworth, Manoj Bhargava, Putin, Elvira Nabiullina's, Forbes, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Tesla, China, Bloomberg, Nvidia, Meta, Microsoft, Apple, Getty, BI Trump Media, SEC, Citadel, BI, Street Journal, Authentic Brands, Energy, Bank of Russia, The Locations: China, Russia's, Connecticut , Delaware , New York, Rhode Island, Wisconsin, New York, London
CNN —Her love affair with Mexico began at a young age, and Marjorie Skouras’ passion for the country only grew with the passing of time. Marjorie Skouras/@Marjorie_Skouras_DesignAs Skouras’ career developed and she started a family, her visits became less frequent, but her affection for the country remained. That’s all completely changed [now].”Skouras and Bardavid officially moved to Merida in 2017. “And I find that to be so peculiar.”Spanish languageMarjorie Skouras and her husband Bruno Bardavid moved from California to Mexico in 2017. There’s nothing going on here.”Seven years after packing up her life in California and heading for Mexico, Skouras’ appreciation for the country, and its people, is stronger than ever.
Persons: Marjorie Skouras, ” Skouras, las, Skouras, Bruno Bardavid, she’d, , , Bardavid, “ There’s, , who’ve, you’re, it’s, “ It’s, Covid, hadn’t, We’ll, Steve Katz, she’s Organizations: CNN, UCLA, CNN Travel, Kookix Music, Skouras, Gran Museo Mundo, Music School, Museo del Arte, Kookix Music School, US State Department Locations: Mexico, California, Baja California, Hacienda, las Torres, Yucatan, Corfu, Greece, Europe, Yucatán, Merida, Argentina, United States, Skouras, Dzemul
The Congressional Management Foundation said many senior aides are also eyeing the exit. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But the gridlock and partisanship that has become commonplace among lawmakers has also taken a toll on senior congressional staffers. Nearly half of upper-level aides are now eyeing the exits, according to an investigation conducted by the nonprofit Congressional Management Foundation, which seeks to strengthen trust in Congress. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Congressional Management Foundation, Service, Capitol, Business
“The tankers and cargo ships of 1950 aren’t the tankers and cargo ships of today,” said James Salmon, a spokesman for the Delaware River and Bay Authority. “It’s going to do a number on them,” he said of a modern ship and the hazard it poses to a bridge like the one in Baltimore. Image The new bridge ship collision protection system project on the Delaware Memorial Bridge will install eight stone-filled “dolphin” cylinders, each measuring 80 feet in diameter. Credit... Delaware River and Bay AuthorityThe situation with the Key Bridge is “unique,” said Jim Tymon, executive director of the American Association of State Highway and Transportation Officials, which represents state transportation departments. A protection system was subsequently built around the new pier.
Persons: , James Salmon, Francis Scott Key, Michael Rubino, don’t, Joseph Ahlstrom, It’s, “ It’s, Dali, hurtled, Jim Tymon, ” John Snyder, Pete Buttigieg, , Paul, Gerald Desmond Bridge, Matt Gresham, Joong Kim, Michael Forsythe Organizations: Bay Authority, Port, SUNY Maritime College, New York State, American Association of State, Transportation, National Transportation Safety, Sunshine Skyway, Administration, Baltimore Sun, Union, National Oceanic, Atmospheric Administration, Liberty University Locations: Delaware, Bay, Baltimore, Port of Los Angeles, . Delaware, Maryland, Tampa Bay, Tampa, U.S, Minnesota, Union Pacific, St, New York, Bayonne, New Jersey, Staten Island, Long Beach, Calif, New Orleans, Mississippi, Port of New Orleans
WASHINGTON (AP) — For over a month, House Speaker Mike Johnson has sat on a funding package that would send desperately needed ammunition and weaponry to Ukraine, mulling how best to gain a grasp of what is expected to be a difficult lift in the House. The Republican speaker has indicated he will attempt to push for approval of tens of billions in wartime funding for Ukraine, as well as Israel, once the House returns in April. “We'll turn our attention to it and we won't delay on that,” the Louisiana representative said of the Ukraine package at a news conference last week. Rep. Marjorie Taylor Greene, a far-right Republican from Georgia, has filed a motion to vacate Johnson as speaker and warned him not to put Ukraine funding on the House floor. Before becoming speaker, Johnson was deeply skeptical of approving funding for Ukraine and voted repeatedly against it.
Persons: Mike Johnson, , Johnson, Gregory Meeks, Marjorie Taylor Greene, ” Greene, ” Johnson, Ronald Reagan, , Michael McCaul, Greene, Don Bacon, Shelby Magid Organizations: WASHINGTON, Republican, Ukraine, NATO, Rep, House Foreign Affairs Committee, Capitol, Senate, Kyiv, Republicans, Democrats, Senior Republicans, House Foreign Relations, CBS, House, Eurasia Center, Atlantic Council Locations: Ukraine, Israel, Louisiana, Russia, Kyiv, Georgia, Gaza, Washington, , Europe
Elizabeth Hurley said she felt "safe" performing in a sex scene in her son's movie, "Strictly Confidential." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementElizabeth Hurley said she felt "liberated" while filming a sex scene in a new movie directed by her son, Damian Hurley. Some X users were shocked when they discovered Elizabeth Hurley would appear in a sex scene in her son's movie. Elizabeth Hurley said her son looks after her, which is why she felt comfortable shooting a sex scene in the upcoming movie and letting her son take her bikini pictures.
Persons: Elizabeth Hurley, Hurley, , Damian Hurley, it's, Damian Hurley's Organizations: Service, SAG, Hollywood
CNN —The idea of watching movie sex scenes with your children might make many parents recoil in horror – but Elizabeth Hurley isn’t bothered. In fact, filming her upcoming movie - an erotic thriller - was made all the more “liberating” by the knowledge her son was behind the camera, she has said. “It’s kind of liberating to work with your family, I may do it again,” she added about her experience filming the erotic crime thriller, which is slated for release in April. Damian Hurley added: “We felt in our comfort zone, it’s very strange. I think, also, when you’re on an independent film, you have 18 days to shoot, every single second counts.
Persons: Elizabeth Hurley isn’t, Damian Hurley, Pear, ” Hurley, , Genevieve Gaunt Organizations: CNN Locations: , British, Georgia
Donald Trump said in a Fox News interview that he's considering a national ban on abortion. Related storiesBut one question Trump hasn't openly addressed is how he landed on the timeline for a national abortion ban. South Carolina Sen. Lindsey Graham introduced a piece of legislation in 2022 that would institute a federal abortion ban. Those respondents consisted of 52% of men saying they strongly or somewhat support the 16-week national ban, and 54% of women saying they strongly support or somewhat support the same ban. "As President Trump has stated, he would sit down with both sides and negotiate a deal that everyone will be happy with.
Persons: Donald Trump, , Fox News's Howard Kurtz, Trump, Roe, Wade, Trump's, — Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett —, Trump hasn't, South Carolina Sen, Lindsey Graham, Evan Siegfried, He's, Siegfried, they're, President Trump, Karoline Leavitt, Biden Organizations: Fox News, New York Times, Service, The New York Times, Fox, NBC News, Pew Research Center, South, The Times, Business, Trump Locations: South Carolina
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