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☆ Two friends used AI and $185 to start a side hustle—they just sold it for $150,000: 'It really does print money'
▼ + stars: | 2023-10-16 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

Sal Aiello and Monica Powers built their lucrative side hustle in four days — and spent less than $200 to get it off the ground. At first, they started running their side hustle ideas past ChatGPT, using the generative artificial intelligence chatbot as a starting point for market research. In March, they decided to create an AI-powered research tool: Fill out a form about your idea, and the tool would input your answers to ChatGPT in a maximally helpful way. In roughly seven months, DimeADozen — split evenly between Aiello and Powers — brought in more than $66,000, according to documents reviewed by CNBC Make It. Aeillo and Powers plan to keep working roughly five hours per week on it as company advisors.

Persons: Sal Aiello, Monica Powers, Aiello, Powers, " Aiello, —, DimeADozen, Powers —, Felipe Arosemena, Danielle de Corneille, Aeillo Organizations: CNBC

☆ A California dental worker was fired after a video of her verbally abusing another McDonald's customer went viral
▼ + stars: | 2023-08-28 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

A California woman was shown abusing another McDonald's customer in a video on TikTok. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. In the TikTok video, the male customer can be heard accusing the woman of "trying to degrade people," seemingly in reference to her behavior towards the fast-food chain's staff. AdvertisementAdvertisementLocal news outlets identified the woman as Gina Aiello, an employee of Fresno dentist Jack Ohanesian. "If I didn't stop her, she was gonna go probably way over the line and I'm glad that I did stop her," he said in his video.

Persons: Gina Aiello, Jack Ohanesian, Ohanesian, Aiello, didn't, Luis Aceves, Aceves Organizations: Service Locations: California, Wall, Silicon, Fresno, America, Armenia

☆ A critical cybersecurity backup plan that too many companies are ignoring
▼ + stars: | 2023-07-24 | by ( Bob Violino | ) www.cnbc.com time to read: +6 min

Approximately 41% of companies do not have a succession plan for their CISO, according to a report from executive recruiting firm Heidrick & Struggles. "We consider not having a CISO succession plan to be a serious material risk that companies can easily mitigate," said Matt Aiello, partner and global cybersecurity practice leader at Heidrick & Struggles. "The lack of a successor could disrupt business-as-usual cybersecurity operations, resulting in delays, gaps in critical cyber risk management activities, and hindered cyber incident response and decision-making," Soo said. "Lack of proper succession planning could result in disruption throughout an organization," he said. CISO succession planning should also involve anticipating future security requirements by considering the evolving nature of the business and technology landscape.

Persons: CISOs, Matt Aiello, Aiello, " Aiello, Daniel Soo, Soo Organizations: Istock, Getty, Companies, Deloitte

☆ Cheddar News was meant to be a digital-media darling that could rival Bloomberg and CNBC. Now it's reportedly considering a sale — here's how the network was pushed to the brink.
▼ + stars: | 2023-07-24 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

The owner of embattled network Cheddar News is reportedly considering selling the seven-year-old startup. NYT's DealBook reported on Monday that Altice USA tapped Goldman Sachs to explore a possible sale. NYT reporters Lauren Hirsch and Ben Mullin noted a sale isn't a foregone conclusion and Altice USA could decide not to proceed. Spokespersons for Altice USA did not immediately respond to Insider's request for comment on Monday morning and a spokesperson for Goldman Sachs had no comment. Check out Insider's exclusive coverage of the chaos at Cheddar News:Are you a Cheddar News or Altice USA insider?

Persons: DealBook, Goldman Sachs, Lauren Hirsch, Ben Mullin, Altice, —, I'd, Baker Machado, Chloe Aiello, Read, I've, Jon Steinberg, Steinberg, Reed Alexander Organizations: News, Telecom, Altice USA, Cheddar News, New York Times, USA, Insiders, Mail, Cheddar Locations: USA, Cheddar, Portugal

NEW YORK/LONDON, June 30 (Reuters) - Global mergers and acquisitions (M&A) activity fell 36% year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that the stock market's recovery will gradually restore chief executives' dealmaking confidence. "Global uncertainty is what is impacting M&A most - it just makes people uncomfortable. It's easier to say, I'll pass on a deal - nobody gets fired for passing on a deal. M&A volumes in the United States declined by 30% to $318.4 billion, while Europe and Asia Pacific volumes shrank 49% and 24% respectively. Not a single so-called mega-deal, which typically refers to transactions worth over $25 billion, was signed during the quarter.

Persons: Michael Aiello, Weil, Raymond McGuire, Steve Baronoff, Bunge, John Collins, Morgan Stanley, there’ll, Ethan Klingsberg, Deringer, Manolo Falco, Scott Miller, Sullivan, Cromwell, Howard Ellin, Flom, Dwayne Lysaght, Eric Schiele, Kirkland, Ellis, Anirban Sen, Andres Gonzalez, Stephen Coates Organizations: Manges LLP, Lazard Ltd, Bank of America, Reuters Graphics Reuters, Magellan Midstream Partners, Viterra Ltd, Carrier Global, Investment, Citigroup Inc, JPMorgan Chase, Antitrust, U.S . Federal Trade Commission, Horizon Therapeutics, Thomson Locations: United, Europe, Asia, Skadden, Slate, New York, London

☆ Russia has doubled the number of trained dolphins defending its Black Sea fleet from Ukrainian attacks, says report
▼ + stars: | 2023-06-17 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +3 min

Russia appears to have doubled the number of trained dolphins defending its Black Sea fleet. The dolphins at the naval base in Sevastopol are trained to detect Ukrainian special forces divers. Satellite imagery at the time captured by Maxar Technologies shows two pens containing the trained dolphins. This comes after several drone attacks targeting Russia's ships in the area, as Ukrainian forces launched their recent counteroffensive in the long-running conflict. The Black Sea peninsula was invaded by Russian forces and illegally annexed by Putin in 2014.

Persons: —, Sutton, Renee C, Aiello Organizations: Black, Service, Russian, Naval News, Russian Navy, Maxar Technologies, Ukrainian, Dolphins, US Naval Institute ., US Navy Marine Mammal, Corpus Christi, US Coast Guard, RIA Novosti, US Navy, Naval Times Locations: Russia, Sevastopol, Crimean, Crimea, Russian, Sutton, Corpus, Sweden, Israel, North Korea

☆ US Supreme Court backs three men in Cuomo-era New York corruption cases
▼ + stars: | 2023-05-22 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

[1/2] Joseph Percoco (L), former aid to New York Governor Andrew M. Cuomo, walks out of the Manhattan Federal Courthouse in New York, September 22, 2016. The court has limited prosecutors in a series of political corruption cases in recent years. In overturning Ciminelli's guilty verdict, the justices said that theory of fraud, known as "right to control," is "inconsistent with the structure and history of the federal fraud statutes." The Supreme Court, which has a conservative majority, increasingly has limited prosecutors in political corruption cases. Reporting by Luc Cohen in New York; Editing by Will DunhamOur Standards: The Thomson Reuters Trust Principles.

☆ Russian jet's collision with a US drone shows Russia may have a fighter pilot 'problem,' former US aviators say
▼ + stars: | 2023-03-16 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +7 min

A Russian fighter jet collided with an American drone this week after harassing it. The collision was likely unintentional, and former US naval aviators say that it could point to problems with Russian fighter pilots. A State Department official said it "probably was the result of profound incompetence on the part of one of these Russian pilots." Russian military failures in Ukraine have altered this view, he continued, "and now, you've got something like this." Charles Larkin Sr./US Air Force via AP"The tactical portion here is that poor training or poor decision making by a Russian pilot caused a collision," Snodgrass said.

Benchmark EU carbon permit prices hit 100 euros per tonne of CO2 on Tuesday, the highest since the scheme launched in 2005. The largest project being developed in the Netherlands secured national funding to bridge the gap between costs and the CO2 price. The United States does not have a nationwide carbon price, although states including California do. An EU carbon price of 100 euros adds 30-40 euros to the cost of a tonne of primary steel production, according to Eurofer. For example, blast furnace-based steelmakers were given around 80% of their CO2 permits, commodity industry analysis firm CRU said.

☆ Here's what happens when US Navy special operators go up against dolphins trained to keep them out of sensitive bases
▼ + stars: | 2023-02-01 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +7 min

The US Navy has been training dolphins and sea lions to detect undersea threats since the 1960s. "Those mammals were very real and very scary," a former US Navy SEAL officer told Insider. The program tested out a number of animals but found dolphins and sea lions to be the best suited for the mission. The US military wasn't the only one using dolphins and sea lions to protect its warships and ports. BUD/S course instructors "have a sadistic tendency to scare the shit out of students before open-water swims," the former Navy SEAL officer said.

WASHINGTON — The Supreme Court on Monday questioned whether an ex-aide to former New York Gov. Andrew Cuomo was lawfully convicted on a bribery charge as it considered narrowing the scope of a federal law aimed at curbing public corruption. Percoco says that because he was not working for the government at the time, he had no duty to provide honest services. The court on Monday is also hearing a second case arising from the same New York corruption investigation. Several others targeted in the investigation, including Aiello, have their own appeals pending at the Supreme Court.

[1/2] The U.S. Supreme Court building is seen in Washington, U.S., June 26, 2022. The Supreme Court in recent years has limited the latitude of prosecutors in political corruption cases. The charges against Percoco and Ciminelli were brought in 2016 by former Manhattan U.S. Attorney Preet Bharara, who also pursued corruption cases against top state lawmakers including former Assembly Speaker Sheldon Silver. They also have asked the Supreme Court to reverse their convictions. A trial judge in July allowed him to be released from prison on bail after the Supreme Court agreed to hear the case.

The Supreme Court in recent years has hemmed in prosecutors in political corruption cases including a 2020 decision to toss the convictions of two aides to Republican former New Jersey Governor Chris Christie relating to the "Bridgegate" political scandal. The charges against Percoco and Ciminelli were brought in 2016 by then-Manhattan U.S. Attorney Preet Bharara, who also pursued corruption cases against top state lawmakers including former Assembly Speaker Sheldon Silver. They also have asked the Supreme Court to reverse their convictions. A judge in July allowed all four to be released from prison on bail after the Supreme Court agreed to hear the case. Ciminelli's lawyers said such intangible information could not qualify as a "property fraud" under Supreme Court's precedents.

☆ Steel makers fear deepening crisis from energy crunch as output halted
▼ + stars: | 2022-09-23 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +5 min

Stainless metal coils are seen at the Belgian site of stainless steel maker Aperam, which has been forced to slow production due to spiralling energy prices, in Genk, Belgium September 22, 2022. Even with four wind turbines and over 50,000 solar panels at its site in eastern Belgium, stainless steel maker Aperam has been forced to halt production as surging energy prices bite. Hallemans says the potential payout producers such as Aperam would receive is unclear and could be months away, with energy prices sky-high just as Aperam seeks to bind customers to annual contracts. ThyssenKrupp Steel Europe has trimmed production there, with customers hesitant in the face of an emerging recession and energy prices that challenge its international competitiveness. Eurofer says the situation has worsened markedly since its August forecast of a modest 1.7% decline of European steel consumption this year, but a solid 5.6% rebound in 2023.

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