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☆ Tesla sends out another wave of layoff notices as employees enter 4th week of job cuts
▼ + stars: | 2024-05-06 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

The company sent out another round of layoff notices on Sunday night, according to impacted workers who posted about the cuts on social media. The latest round of cuts mean that employees at the company are entering their fourth straight week of layoff notices. At least seven Tesla workers took to LinkedIn to say they'd received layoff notices on Sunday. "After watching my team gradually slimmed down week after week since mid-April, I received the dreaded 'Hello Employee' email this Sunday afternoon," one Tesla worker wrote on LinkedIn. Another worker shared a screenshot of her layoff email on LinkedIn that showed her last day of work would be May 5.

Persons: —, Elon Musk, they'd, Tesla, Elon, Musk, Tesla's, Drew Baglino, Rohan Patel, Patel, TechCrunch he'd Organizations: Service, LinkedIn, Business, Workers, BI, TechCrunch Locations: California, Texas

☆ Watch an exploding Ukrainian drone boat dodge fire from the air to kill one of the small, high-speed Russian ships still fighting in the Black Sea
▼ + stars: | 2024-05-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The attack marks Ukraine's latest strike against the Russian Black Sea Fleet. The video cuts just as the Ukrainian drone slams into the vessel. A Magura V5 sea drone destroyed a russian speedboat in temporarily occupied Crimea. Ukrainian forces have heavily relied on their arsenals of Magura V5s and Sea Babies — another type of exploding naval drone — to damage and destroy scores Russian warships in the Black Sea. Still, Kyiv has managed to find success in targeting Russian vessels with its drones.

Persons: —, HUR Organizations: Service, Ukrainian, Directorate of Intelligence, Business, Black, —, Sea, Security Service Locations: Russia, Russian, Bay, Crimean, Moscow, Crimea, Ukraine, Ukrainian, Kyiv, pic.twitter.com

☆ Employers Flee Rich Coastal Cities for South, Sunbelt, As Workers Move
▼ + stars: | 2024-05-02 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

US job creation is shifting from rich coastal cities to the Sunbelt and Midwest. The shift is in large part a result of skyrocketing housing costs in coastal cities. This is in part because these cities have a lower cost of living — driven by lower housing costs — as big coastal cities have become increasingly unaffordable. At the same time, major coastal cities like New York City, Los Angeles, and Seattle saw their hiring shares decline. The richest coastal cities are also suffering from negative perceptions about safety and public order, and those reputations likely also play a role in people leaving.

Persons: —, Benzow, EIG Organizations: Service, Economic, Group, Hilton, Employers, Seattle Locations: —, EIG, San Francisco , New York, Los Angeles, Seattle, Boston, Gainesville , Georgia, South Carolina, Midwest, Wenatchee , Washington, Lansing , Michigan, American, New York City

☆ Google's worker firings show that the office actually isn't a place to be yourself
▼ + stars: | 2024-04-20 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But in the years since the gauzy "whole self" notion became something of an HR cliché, the idea has frayed even further. I can bring my whole self to work, but I can't talk about politics,'" she said. This is where nuance comes into play: Political talk at work can be necessary. Deciding what's politicalStill, Reitz noted that people don't always agree on what's political.

Persons: —, Megan Reitz, We've, There's, Sundar Pichai, Doc Martens, baring, Ella Washington, Washington, Reitz, it's, We're Organizations: Service, Business, Tech, NPR, Georgetown University Locations: California, New York, Silicon, Israel, Washington

☆ A new commander is taking over Russia's Black Sea Fleet after the last one let its warships get torn apart by exploding drones
▼ + stars: | 2024-04-02 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewRussia has officially replaced the commander of the Black Sea Fleet, awarding Vice Adm. Sergei Pinchuk the daunting role of overseeing naval operations in a region that has long troubled Moscow. Pinchuk is a career navy officer who previously served as the deputy to Adm. Viktor Sokolov, the former Black Sea Fleet commander. Russia's Black Sea Fleet warships take part in the Navy Day celebrations in the port city of Novorossiysk on July 30, 2023. Beyond its USV force, Kyiv has also used missiles to inflict damage on the Black Sea Fleet. You realize the enormous responsibility that rests on you," Shoigu said during the teleconference, according to the Russian defense ministry's statement.

Persons: —, Sergei Pinchuk, Sergei Shoigu, Pinchuk, Viktor Sokolov, Sokolov, Shoigu, STRINGER, Aleksandr Moiseyev —, Konstantin Kabantsov Organizations: Service, Black, Fleet, Business, Russian, Black Sea, Russian Defense Ministry Press Service, Armed Forces, National Defense Control Center, AP, Ukrainian, Getty, Kyiv, Northern, Russian Federation, Ministry of Defense Locations: Russia, Moscow, Ukraine, Novorossiysk, Sevastopol, Crimean, Russian

☆ Starbucks stock is cheap. Here's why we're not planning to buy more of it yet
▼ + stars: | 2024-03-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Investors have lost their taste for Starbucks stock as the company faces headwinds in key markets across the globe. SBUX .SPX YTD mountain Starbucks' year-to-date stock performance compared with the S & P 500. At this point, the question is whether the possibility of a weak quarter and lowered guidance are already priced into Starbucks' stock. In light of the report, we lowered our price target on Starbucks stock to $115 per share from $125, but maintained our 1 rating. A Starbucks logo is seen as members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle, Washington, D.C., on Nov. 16, 2023.

Persons: Jeff Marks, Michael Conway, Brady Brewer, Laxman Narasimhan, it's, Rachel Ruggeri, Morgan Stanley, reshuffling, Wells, Jim Cramer's, Jim Cramer, Jim, Kevin Dietsch Organizations: Down, North, Starbucks International, Starbucks, Deutsche Bank, CNBC, Starbucks Workers, D.C, Getty Locations: U.S, China, Israel, North America, America, Europe, Starbucks China, Wells, Starbucks, Dupont Circle, Washington

☆ Problems in China have US intelligence worried the rising military power may become 'even more aggressive and unpredictable'
▼ + stars: | 2024-03-12 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

China may act "even more" aggressively and unpredictably thanks to its domestic problems, US intel said. China's demographic issues, as well as economic challenges, put its leadership and military in difficult positions. US intel suggested China's global leadership and military ambitions are meeting resistance. AdvertisementAs China grapples with mounting domestic challenges, its already concerning behavior on the world stage may become even more aggressive and unpredictable, according to US intelligence. "China's serious demographic and economic challenges may make it an even more aggressive and unpredictable global actor," the threat assessment said.

Persons: —, Xi Jinping, Yang Jie, That's Organizations: intel, Service, US Intelligence Community, National Intelligence, Pentagon, People's Liberation Army Navy, Getty, Democratic Progressive Party's, East China, East China Seas, Liberation Army, Chinese Communist Party, CCP, Force Locations: China, United States, China's, Zhanjiang, Guangdong Province, Xinhua, Taiwan, Beijing, South, East, East China Seas, Philippine, PRC, People's Republic of China, Hefei, Anhui province, COVID

☆ Nvidia's terrible Friday gives traders a preview of what a momentum unwind would look like
▼ + stars: | 2024-03-09 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500 Volatility Index finished the week near 15 and is in a clear three- month uptrend from its mid-December low near 12, even as the S & P 500 has gained 10% since then. In fact, Friday the market minimized the headline damage to a mere two-thirds-percent dip in the S & P 500 through its signature rotational impulse. Some indicators — such as speculators remaining net short S & P 500 futures and brokerage strategists' muted index targets — imply the helpful wall of worry is not quite fully scaled. Since then, the S & P has delivered a 16.7% annualized total return, even after two bear markets and two other severe/prolonged corrections. And the S & P is only up 7% from its high 26 months ago, hardly in thin air.

Persons: what's, Eli Lilly, Martin Marietta, Nick Colas, Scott Chronert Organizations: Federal, Nvidia, Costco, pharma, Martin Marietta Materials, Vulcan, 3Fourteen Research, NYSE, Nasdaq, DataTrek, Citi

By contrast, Musk appeared to discourage OpenAI co-founders from taking a too-lean approach to fundraising, according to emails the company reproduced from December 2018. The startup also said in its blog post that Musk sought to become OpenAI's CEO in 2017 as it was changing its structure. In emails from January 2018 reproduced by OpenAI, Musk agrees with an unnamed sender who encouraged the startup's co-founders to rely on Tesla as their "cash cow." CNBC has not independently verified the authenticity of the emails included in OpenAI's response on Tuesday, some of which contained partial redactions. Attorneys for Elon Musk were not available to comment on Tuesday night after OpenAI published its response.

Persons: Elon Musk, Musk, OpenAI, Sam Altman, Greg Brockman, —, Google's, Sutskever, Brockman, Altman, Tesla, xAI, Elon, OpenAI isn't, — CNBC's Jordan Novet Organizations: SpaceX, Microsoft, The New York Times, X Corp, CNBC, Elon Locations: OpenAI

☆ Elon Musk's emails about OpenAI could be another nail in the coffin for his lawsuit against the company
▼ + stars: | 2024-03-06 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

The emails could undermine Musk's lawsuit against the AI venture, experts told BI. The AI company on Tuesday released a slew of emails that it claims were sent between Musk and its other founders. Meanwhile, OpenAI might still pay a price for Musk's lawsuit in the form of lost time and resources. Advertisement"I think Musk's lawsuit is already doing what he intended," Hoffman said. "Change your name to ClosedAI and I will drop the lawsuit," Musk wrote on X.Musk's lawsuit comes after the billionaire launched his own AI company last year.

Persons: OpenAI, Elon Musk, —, Elon, Musk, hadn't, Samuel Brunson, Brunson, David Hoffman, Hoffman, Kyle Lawrence, Falcon Rappaport, Berkman, Lawrence, he'd, Tesla Organizations: Elon, Service, Business, Loyola University, University of Pennsylvania, OpenAI Locations: OpenAI

☆ Harvard is back on top as college hopefuls' ultimate 'dream' school, despite recent turmoil
▼ + stars: | 2024-03-05 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

People walk through the gate on Harvard Yard at the Harvard University campus in Cambridge, Massachusetts, on June 29, 2023. Scott Eisen | Getty ImagesAnd just like that, Harvard University has regained its position as the ultimate "dream" school among college applicants. The Princeton Review's 2024 College Hopes and Worries Survey polled nearly 8,000 college applicants between Jan. 15 and Feb. 20, just weeks after Harvard President Claudine Gay resigned amid allegations of plagiarism and controversy over her congressional testimony about antisemitism on campus. Harvard saw fewer early applicantsThis year's early admissions cycle, in the immediate aftermath of the Oct. 7 attack on Israel by Palestinian militant group Hamas, reflected some of the recent turmoil. There were 7,921 early applicants to the Class of 2028, down from 9,553 last year, the Harvard Crimson reported.

Persons: Scott Eisen, It's, Hafeez Lakhani, Claudine Gay, Robert Franek, Lakhani, Christopher Rim Organizations: Harvard, Harvard University, Ivy League, Massachusetts Institute of Technology, Princeton, Hamas, —, Harvard Crimson, Christopher, Command, Supreme Locations: Cambridge , Massachusetts, New York, Israel, Palestinian

☆ These 5 fundamentally sound AI stocks are best-positioned for the next 5-10 years with the industry still in its early stages, according to a portfolio manager at a $20 billion firm
▼ + stars: | 2024-02-27 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

But don't confuse Osmani's overall optimism on the AI space for blanket bullishness on AI-adjacent stocks. Many AI stocks, in fact, are detached from fundamentals and are risky, he told Business Insider on Monday. As evidence of this, he cited the performance of a basket of 50 AI stocks his firm monitors. "We like companies that can monetize AI already, which, in effect, these companies are recipients of the sizable spend going on in AI — spend from the hyperscalers, spend from the corporates," he said. Below are five AI stocks that Osmani is betting on for the years to come.

Persons: Zehrid, Martin Currie, Osmani, —, he's bullish Organizations: Business, Microsoft, Google, OpenAI, Design Systems Locations: Scotland

☆ Citi is betting big on high-profile executives to turn things around
▼ + stars: | 2024-02-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

In today's big story, we're looking at the reshuffling of top executives at two of the biggest US banks . Viswas Raghavan, JPMorgan's top dealmaker, has joined Citi as its head of banking and executive vice chair, reporting directly to CEO Jane Fraser. The move is a big deal, but even more shocking since Raghavan was just promoted to be the sole head of JPMorgan's deals business. Since high interest rates aren't stopping stocks from reaching record highs, cuts might not come at all this year , according to analyst Jim Bianco. Market vet Ed Yardeni said interest rates are actually in a sweet spot for stocks, similar to the late '90s.

Persons: Viswas Raghavan, Jane Fraser, Raghavan, Filippo Gori, Doug Petno, Insider's Reed Alexander, Patrick T, Fallon, Fraser, Merrill Lynch, Andy Sieg, Warren Buffett, Warren, Berkshire Hathaway's, Jim Bianco, Ed Yardeni, Gemini, Demis Hassabis, Long, Alyssa Powell, they've, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock Organizations: Citi, JPMorgan, Warren, Warren Buffett REUTERS, Chip, Berkshire, Buffett, Research, Wall, BI, Google, eBay Locations: Bronx, Gori, Rivian, New York, London

☆ Meet the typical Midwest mover, a Gen Zer from California who's paying under $1,500 a month in rent
▼ + stars: | 2024-02-27 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Many of these new residents are single Gen Zers, millennials, and students. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . For some, that's meant flocking to the Midwest, and its promises of cheaper living, more space, and friendly neighbors. While the initial pandemic bump in Midwest residents has slowed a little, its population level is still above pre-pandemic highs. Gen Zers, the oldest of whom are 27, make up the greatest percentage of movers, followed by millennials, topping out at age 43.

Persons: —, Gen Zers, millennials, Zers, Gen Xers, Gen Alpha, haven't, Redfin, Texans —, James McClure, Alcynna Lloyd, McClure, Lloyd Organizations: Service, Gen, Census, Midwest, Texans Locations: Midwest, California , Florida, Texas, East Coast, New York, Massachusetts, Wisconsin, Minnesota, Austin

☆ Morgan Stanley wealth head Jed Finn just laid out his vision to win over more dollars from clients. Here's what you need to know.
▼ + stars: | 2024-02-23 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

Read previewMorgan Stanley's wealth business is the envy of Wall Street, with $5.1 trillion in assets. The wealth management division has buoyed Morgan Stanley's stock during the market slowdown, but its growth has slowed. Finn added that wealth management clients would soon have access to more customized and tax-efficient portfolios through Parametric, a direct indexing provider it acquired via Eaton Vance in 2021. AdvertisementThis is part of Finn's broader strategy to get customers across the bank to use as many Morgan Stanley products as possible. "The challenge with our model, historically, is we had a great wealth management firm if you wanted to work with a financial adviser," he said.

Persons: —, Morgan, Jed Finn, Finn, Andy Saperstein, James Gorman, Ted Pick, Morgan Stanley's, Vince, Chad Turner, OpenAI, it's, It's, Eaton Vance, Morgan Stanley Organizations: Service, Bank of America, Business, McKinsey, AIMS

☆ Opinion: Trump’s making America irrelevant to Europe
▼ + stars: | 2024-02-21 | by ( David A. Andelman | ) edition.cnn.com time to read: +8 min

He formerly was a foreign correspondent and bureau chief for The New York Times in Europe and Asia and for CBS News in Paris. CNN —Madeline Albright famously called America the “indispensable nation.” Is former President Donald Trump making America the irrelevant nation? The first steps toward a new direction for such a Europe — without America — are already being taken. Dursun Aydemir/Anadolu/Getty ImagesVon der Leyen has also said that upping European defense production would be a top priority for her second term — not to mention sorting through vastly divergent budgets of the various countries. Still, as a bloc, Europe at about 85 billion euros ($92 billion) has already passed the United States at 66.2 billion euros ($71.6 billion) in total commitments to Ukraine.

Persons: David A, Madeline Albright, Donald Trump, Alexey Navalny’s, Vladimir Putin, Mike Johnson, Johnson, Joe Biden, ” haven’t, Mette Frederiksen, ” Frederiksen, Ursula von der Leyen, Europe’s, Christine Wormuth, Peter, Paul, Kaja Kallas, Dursun, Leyen, Emmanuel Macron’s, Macron, David Lammy, unflinchingly, who’s, ” Kallas, Alar Karis, ” Karis, we’re, Der Spiegel, ” Organizations: CNN, French Legion of, The New York Times, CBS News, Trump, Republicans, NATO, Security, Danish, America, Africa Command, Getty, Germany’s Kiel Institute, US, Union, Munich Security Conference, British, Labour Party, Estonian, Politico Europe, Kremlin, “ Locations: Europe, Asia, Paris, America, Russia, Russian, Ukraine, “, United States, Munich, Berlin, Brussels, Poland, Estonian, Anadolu, Belgium, Germany, Italy, Netherlands, Turkey, France, Russia’s, Sweden, Britain, German

CNN —House Republicans were shocked by some of the recent high-profile retirements announced by their colleagues, which have included powerful committee chairs and rising stars inside the GOP. And on the Energy and Commerce Committee alone – a highly sought-after assignment – there are eight Republicans who are retiring. “So, yeah, I’m very worried about it.”Others, however, said the turnover is completely normal, especially since the House GOP has self-imposed term limits for chairs, which they argued allows them to inject new blood into the ranks. We probably need a few more retirements.”McCarthy – who resigned at the end of last year – suggested that was perhaps the goal of hard-liners like Good and GOP Rep. Matt Gaetz of Florida who voted to oust him. It’s just a number of things piling up,” said House Science Committee Chair Frank Lucas, reflecting on the retirements.

Persons: “ They’ve, we’re, ”, Ken Buck, Don Bacon of Nebraska, ” Bacon, Carlos Gimenez, Kevin McCarthy, “, it’s, –, Cathy McMorris Rodgers, Mike Gallagher of, Alejandro Mayorkas, Greg Pence, Pfluger, Tom Cole, I’ve, I’m, Bob Good, ” Good, ” McCarthy –, Matt Gaetz, Gaetz, ” McCarthy, Frank Lucas, Mark Green of, Debbie Lesko of, McCarthy, ” Lesko, can’t, Brian Fitzpatrick, Steve Womack, Donald, Trump, Kelly Armstrong of, ’, Erin Houchin, Patrick McHenry of, Chuck Fleischmann of Tennessee Organizations: CNN — House Republicans, CNN, GOP, Energy, impeaching Homeland, Commerce, Indiana, Republicans, Congress, Capitol, ”, House Homeland Security Committee, Representatives, Financial Locations: Ken Buck of Colorado, Carlos Gimenez of Florida, Washington, China, Mike Gallagher of Wisconsin, Texas, Congress, Florida, Mark Green of Tennessee, Debbie Lesko of Arizona, Pennsylvania, Arkansas, New York, Kelly Armstrong of North Dakota, Erin Houchin of Indiana, Patrick McHenry of North Carolina

☆ Premarket stocks: Magnificent Six? Fab Five? Some say the Seven are getting a shakeup
▼ + stars: | 2024-02-08 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Is Wall Street’s favorite clique of tech stocks in need of a makeover? Most of the Magnificent Seven stocks have reclaimed their leadership of the market this year, with shares of Nvidia, Meta Platforms, Alphabet and Microsoft reaching record highs. Many investors are skeptical that the Magnificent Seven will match their blockbuster gains from 2023, even if they continue their leadership this year. Jim Worden, chief investment officer at the Wealth Consulting Group, says he believes the group should consolidate to the “Fab Five,” which he classifies as the Magnificent Seven minus Tesla and Apple. “There is a big leadership change underway in the Magnificent Seven stocks,” wrote Louis Navellier, chairman of Navellier & Associates, in a note on Tuesday.

Persons: Jim Worden, ”, Worden, Michael Hartnett, Jim Cramer, Louis Navellier, “, Nancy Tengler, It’s, Walt, Gina Lee, Samantha Delouya, Disney, Ron DeSantis, Diksha Madhok, ” TSMC, Joe Biden, ” Read Organizations: CNN Business, Bell, New York CNN, Nvidia, Meta, Microsoft, Apple, Wealth Consulting, Bank of America, Facebook, Netflix, Google, Federal Reserve, Micro Computer, Navellier, Associates, EV, Disney, Walt Disney World, Disney Vacation, Taiwan Semiconductor Manufacturing Company, Semiconductor Manufacturing, TSMC, US Locations: New York, China, American, Orlando , Florida, —, Florida, Japan Chip, Japan, Arizona

☆ Queen of the skyscrapers Darcy Stacom to leave property giant CBRE
▼ + stars: | 2024-02-06 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +5 min

"After more than 20 years at CBRE Darcy Stacom has decided to leave the company at the end of March to launch her own commercial real estate firm, and we wish her well with her new endeavor," the email read. The end of Stacom's tenure reflects sweeping challenges and generational shifts in commercial real estate. And in 2018, Stacom represented Google in its $2.4 billion acquisition of a new office property overlooking the Hudson River. "She's had an unbelievable career," said Jon Mechanic, chairman of the law firm Fried Frank's real estate practice, who has worked with Stacom on countless deals. The person did not want to be identified because they had not been authorized by CBRE to speak about Stacom's exit.

Persons: Darcy Stacom, Matthew Van Buren, Chris Ludeman, CBRE Darcy Stacom, Stacom, Paul Massey, Stacom's, Peter Cooper, Zhang Xin, She's, Jon Mechanic, Fried, Adam Spies, Doug Harmon, Newmark, CBRE, Doug Middleton Organizations: Skyscrapers, New, State, Business, CBRE, Real, Advisors, Stuyvesant Town, General, Google, New York Locations: New York, CBRE's Tri, New York City, CBRE, Stuyvesant, Hudson

☆ Election 2024 Haley Keeps Up Her Trump Fight as Biden Woos Union Workers in Michigan
▼ + stars: | 2024-02-01 | by ( Maggie Astor | Nicholas Nehamas | ) www.nytimes.com time to read: +9 min

That astounding sum makes Mr. DeSantis’s failed presidential bid among the most expensive in modern Republican primary elections. And they donated roughly $110,000 to the campaigns of state and federal elected officials who had endorsed Mr. DeSantis. The enormously costly effort produced negligible results, and Mr. DeSantis decided to drop out before the New Hampshire primary and endorse Mr. Trump. Mr. DeSantis was not the only Republican candidate this cycle to spend vast sums only to drop out. Fight Right and Good Fight took over television advertising while Never Back Down focused on get-out-the-vote operations, a move publicly encouraged by the DeSantis campaign.

Persons: Ron DeSantis, DeSantis’s, DeSantis, Jeff Roe, Donald J, Trump, —, Roe, Mr, Tim Scott of, Scott’s, Scott didn’t, Vivek Ramaswamy, Doug Burgum, Trump’s, Chip Roy, Texas, Scott, Nikki Haley Organizations: Gov, Federal, Commission, Republican, New, PAC, Tim Scott of South Carolina, Staples, Club for Growth, Trump, Enterprises Locations: Florida, Iowa, New Hampshire, Tim Scott of South, North Dakota, Tallahassee —, South Carolina

☆ Jamie Dimon Reshuffles Management Team at JPMorgan
▼ + stars: | 2024-01-26 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

JPMorgan Chase is reshuffling its leadership team, a move that many consider a succession plan even though its longtime chief executive, Jamie Dimon, has signaled he’s staying put. Mr. Dimon, 67, has been head of what is now the largest bank in the United States for nearly two decades, and repeatedly brushed off suggestions that he might step aside. It said that Daniel Pinto, the bank’s chief operating officer and Mr. Dimon’s deputy, would no longer handle the bank’s daily operations. Ms. Piepszak, who co-heads JPMorgan’s massive consumer banking business, has long been seen as a potential candidate for the top job. Mr. Rohrbaugh had been one of the co-heads of the bank’s markets and securities business.

Persons: JPMorgan Chase, Jamie Dimon, he’s, Dimon, Daniel Pinto, Dimon’s, Pinto, ” Mr, Pinto’s, Jennifer Piepszak, Troy Rohrbaugh, Piepszak, Rohrbaugh Organizations: JPMorgan Locations: United States

Kerry and Xie paved the way for progress at international summits that could have otherwise stagnated. The annual U.N. climate summit was being held in Copenhagen later that year, and Kerry was eager to talk about it with Chinese officials. Stern said the deal “ricocheted around the climate world" and convinced countries that “we can actually get this done.”The importance of the deal became evident one month later. It was the relationship with China, Kerry said afterward, that helped “change the paradigm.”——-The warm feelings were short-lived. Donald Trump was elected president in 2016, and he promptly withdrew the U.S. from the Paris agreement after taking office.

Persons: John Kerry, Xie Zhenhua, Kerry, Xie, Mao Zedong's, Christiana Figueres, ”, Li Shuo, ” —, George W, Bush, Barack Obama's, Obama, Todd Stern, ” Stern, “, Xi Jinping, Stern, Figueres, ” Xie, —, Donald Trump, Joe Biden, Xi, hadn’t, Trump, Biden, Jonathan Pershing, Nancy Pelosi, John, John Podesta, Podesta, ___ Read, Chris Megerian, Seth Borenstein Organizations: WASHINGTON, United, Communist Party, U.S, Asia Society, Greenpeace, Senate Foreign Relations, International, Trump, William, Flora Hewlett Foundation, Associated Press Locations: United Nations, Dubai, Paris, England, Vietnam, China, Copenhagen, Lima, Glasgow, Sunnylands, Beijing, Christiana, U.S, “, Lima , Peru, South, Taiwan, COVID, Egypt, California, Arab Emirates, AP.org

ON BOARD THE USS BATAAN (AP) — When attacks with missiles and drones surged in the Red Sea late last year, crewmembers of the USS Bataan worked round the clock to make sure they were shot down before reaching passing merchant vessels. Weeks later, they are still perfecting that operation in training and simulations, along with a dozen other scenarios, despite moving north to the Mediterranean where commercial marine traffic is at little risk. The U.S. Navy is reshuffling its warship deployment in the Middle East to maintain dominance in the region – now eyeing the longer haul as concerns mount that Israel’s war on Hamas in Gaza could set off a regional conflict. The Bataan was sailing toward the eastern Mediterranean Friday after taking part in live-fire exercises with NATO-member Greece on the country’s mainland. “I would say, the difference (after coming to Greece) is that the food is a little bit better.”

Persons: Weeks, Gerald Ford, Jeremy Hawkins, “ We’re, ”, Gregory Aftandilian, Sam Peters, we’re, “ Organizations: BATAAN, U.S . Navy, United, Carter, School of International Service, American University in, American University in Washington DC, NATO, U.S, 26th Marine Expeditionary Unit, Navy Locations: Red, Bataan, Gaza, United States, Mesa Verde, America, Iran, Lebanon, Yemen, American University in Washington, Israel, Greece, North Carolina, Valdosta, U.S, Georgia

☆ What broke the American Dream for Millennials
▼ + stars: | 2024-01-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +11 min

For their nine-month-old son, Miles, Rachael and Garrett agree: They’re not going to push him to pursue the same path. “This is the American Dream,” Rachael says. The nest egg mythA common refrain Millennials heard from their Boomer parents is that buying is always better than renting. Luke Sharrett/Bloomberg/Getty ImagesCentral to the pitch of the American Dream is a house. “I don’t think anyone could have foreseen house prices going up 20% or 30% in a three-year period,” Garrett says.

Persons: Pennsylvania CNN — Rachael Gambino, Garrett Mazzeo, —, Miles, Rachael, Garrett, They’re, ’ ”, ” Rachael, Kristen Gambino, Rachael Gambino, Deborah Brunswick, John General, America it’s, Brendan Duke, Baby, Millennials, gumming, Obama, ”, Louis, Boomer, Luke Sharrett, they’d, ” Garrett, they’re, homeownership, We’re, “ we’re, That’s, Duke, ” Duke, “, Camerota, Matthew Friedman Organizations: Pennsylvania CNN, “, CNN, Center for American Progress, of Education, America, Federal Reserve Bank of St, Bloomberg, Getty, Federal Reserve Bank of Philadelphia, Workers, Center, American Progress ’ Locations: Lansdale, Pennsylvania, America, United States, Attom, financials

☆ 2024 will be a stock pickers market, says FirstMark's Rick Heitzmann
▼ + stars: | 2024-01-17 | 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 Email2024 will be a stock pickers market, says FirstMark's Rick HeitzmannRick Heitzmann, FirstMark Capital partner, joins 'Closing Bell' to discuss what he needs to see from the Magnificent 7 before he expects a reshuffling of the stocks.

Persons: Rick Heitzmann Rick Heitzmann Organizations: FirstMark

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