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☆ Everything you need to know about Republicans moving forward on impeaching Homeland Security Secretary Alejandro Mayorkas
▼ + stars: | 2024-01-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +10 min

House Republicans are rallying around a push to impeach Homeland Security Secretary Alejandro Mayorkas. On Wednesday, House Republicans are set to consider the impeachment of Homeland Security Secretary Alejandro Mayorkas. As Homeland Security secretary, Mayorkas oversees a vast agency that includes U.S. Customs and Border Protection. The Homeland Security Department notes that for all these reasons apprehending a migrant on the watchlist is extremely rare. A Department of Homeland Security spokesperson said in a statement that there is simply "no valid basis" to impeach Mayorkas.

Persons: Alejandro Mayorkas, —, Joe Biden, Mayorkas, Marjorie Taylor Greene, Virginia Foxx, Anthony D'Esposito, Mike Johnson, Mark Green, Green, Troy Miller, Politifact, Biden, Trump, Johnson, Mia Ehrenberg, Bennie Thompson of, Thompson, William Belknap, Grant, Belknap, Ulysses S, Donald Trump, It's, Ken Buck, Buck, Greene, Tom McClintock Organizations: Republicans, Homeland, Service, House Republicans, House Democrats, Biden, CNN, Freedom Caucus, Republican, New York, Homeland Security, Mayorkas, U.S . Customs, GOP, CBS, Democratic, White, Protection, Washington Post ., Customs, Post, NPR, New York Times, Homeland Security Department, Capitol, Politico, Department of Homeland Security, Russia, Twitter, Supreme Locations: Georgia, Rep, North Carolina, New, House, U.S, Bennie Thompson of Mississippi, United States, Ken Buck of Colorado, California

☆ An artist taught 3 'Black Mirror'-style robot dogs to paint – and now they're the stars of an art exhibition
▼ + stars: | 2023-11-27 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Three robots dogs are starting a four-month artist residency in Australia, The Guardian reported. They have their own studio with docking stations where the Boston Dynamics robot dogs can "sleep". AdvertisementThree robot dogs created by Boston Dynamics are part of an exhibition at an art gallery in Australia. Akin to the robot dogs seen in the Netflix hit "Black Mirror", they were first revealed in 2015 and quickly went viral. Agnieszka Pilat trained the robot dogs to paint.

Persons: Agnieszka Pilat, —, Akin, William West, Basia, Vanya, Bunny, Ewan Mceoin, Pilat, Johannes Simon, Da Organizations: Guardian, Boston Dynamics, SpaceX, Service, Netflix, CNN, National Gallery of Victoria, Business, Getty, Fast Company, Design Museum, Engineered Arts Locations: Australia, Melbourne, New York, London, Italy

☆ There's a wave of pre-IPO startups with pandemic-era price tags stuck in limbo right now
▼ + stars: | 2023-11-21 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

There is a wave of pandemic-era startups stuck in limbo right now. The days of seeing 80% to 100% year-on-year revenue growth are gone, Hussein Kanji from early-stage fund Hoxton Ventures told Business Insider. Hoxton Ventures' Hussein Kanji said the days of companies racking up 100% year-on-year revenue growth are over. Investors tend to assess whether a company is IPO-ready on the rule of 40, which is revenue growth plus EBIT margin. Kanji added: "This is a lesson for a lot of people – if the IPO window opens up, take the company public."

Persons: they're, James Ulan, Klarna, Ulan, Karna's, Hussein Kanji, Morgan Stanley, Kanji, Kamil Mieczakowski, Fabian Heilemann, Graphcore Organizations: Business, Hoxton Ventures, Hoxton, Nvidia, Sequoia Locations: Ulan

☆ High inflation may linger for decades with wars set to usher in an era of deglobalization, billionaire investor Ken Griffin says
▼ + stars: | 2023-11-09 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

High inflation could hang around for decades, according to Ken Griffin. The billionaire investor believes the pandemic and conflicts will usher in an era of deglobalization. The Federal Reserve will likely have to keep interest rates high to suppress soaring prices, he added. AdvertisementAdvertisementInflation soared across much of the developed world last year, prompting central banks to start raising interest rates in a bid to tame soaring prices. Griffin predicted that higher interest rates will now become the norm, with policymakers forced to keep borrowing costs elevated to maintain their target inflation rate of about 2%.

Persons: Ken Griffin, —, Griffin Organizations: Federal Reserve, Service, Citadel, Bloomberg, Economy, Federal Locations: Europe, deglobalization, Singapore, Ukraine

☆ Moving back to New York weeks before COVID lockdown forced me to confront my 9/11 trauma – but taught me to live in the moment
▼ + stars: | 2023-11-05 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

Jason Eddy, who's an actor, moved from London to New York with his husband in late 2019. Eddy shares his experience of moving back to New York and what the city has taught him. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with Jason Eddy about his experiences of relocating from London to New York. Jason Eddy Jason EddyBut then 9/11 happened. Jason Eddy says living in New York has taught him to say "why not?"

Persons: Jason Eddy, who's, Eddy, —, I'm, He'd, Jason Eddy Jason Eddy, I've, Jason Eddy I've, you've, we'd, York's, George Floyd's Organizations: Service, Google, New Yorker, Trump Locations: London, New York, Bermuda, Canada, York, New, Britain

☆ Missed Nvidia? Fund manager says this under-the-radar network stock is set for an AI boost
▼ + stars: | 2023-10-30 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

One firm that's perhaps lesser known stands out to portfolio manager Sanjay Ayer, however: Arista Networks — the U.S. cloud-computing and networking equipment company. The social media giant's cautious guidance put pressure on Arista's shares, but the stock remains up around 40% year-to-date. But he added: "Arista is embedded at these companies. They're not [just] an outsourced manufacturer or hardware product provider – they're [also] a research and development partner and they are helping to shape the roadmaps of these companies' networking needs." For Ayer, the company's "customer-centric culture," where its network operators are all trained software engineers, makes it a good investment.

Persons: Sanjay Ayer, Ayer, —, They're Organizations: Nvidia, Baidu, Arista Networks, Arista, U.S, WCM Investment Management, CNBC Pro, Meta, Cisco, Juniper, Microsoft, Ayer, Equity Fund Locations: U.S, Ayer

☆ McDonald's is scrapping its iconic McFlurry spoon after nearly 30 years
▼ + stars: | 2023-10-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

McDonald's is ditching its hollow plastic McFlurry spoons in the US, it announced Tuesday. McDonald's is replacing them with the smaller spoons used for sundaes, which it says use less plastic. AdvertisementAdvertisementTo make a McFlurry, McDonald's staff pour soft-serve ice cream into a cup and then sprinkle topping onto it. They then insert the hollow plastic spoon, which is attached to a McFlurry machine and used to mix toppings into the ice-cream. "This small change will help reduce single-use plastic waste in restaurants," McDonald's said in a statement.

Persons: McDonald's Organizations: Service, Food

☆ Wildfires are getting worse. Check out the pitch deck that landed climate startup Vibrant Planet $15 million from backers like Microsoft to use AI to manage the risk.
▼ + stars: | 2023-10-05 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

A California-based startup using artificial intelligence and machine learning for land management and climate-risk analysis has raised $15 million in Series A funding. Vibrant Planet, which was founded in 2020, offers a data platform to help landowners figure out how to restore ecosystems and manage against the risk of wildfires. Along with rising temperatures, poor land planning and risk mitigation strategies are also to blame for raging wildfires, according to Vibrant Planet CEO Allison Wolff. The land management platform includes real-time scenario planning. Microsoft's Climate Innovation Fund, Citi Ventures, Day One Ventures, SIG Climate, and Globivest also participated in the round.

Persons: Allison Wolff, Wolff, Scott Conway, Netflix's, Neil Hunt, Guy Bayes, Globivest Organizations: Netflix, eBay, Google, Integrity, Innovation Fund, Citi Ventures, One Ventures, SIG, NASA, USDA Smart Commodities Locations: California, Europe, Canada, Chile, Lahaina, Maui

☆ Trump’s Populist Pivot
▼ + stars: | 2023-09-22 | by ( Susan Milligan | ) www.usnews.com time to read: +10 min

It's not surprising they're trying to bust out of the 2020 Trump coalition, because the 2020 Trump coalition is not sufficient for him to win. Several polls do show him somewhat improved among Black voters. A Quinnipiac University poll in September, for example, showed Trump with 25% support among Black voters. Abortion could be the most difficult pivot for Trump, since he is upsetting activists on both ends of the debate. There is no doubt in our minds who Donald Trump is and who Donald Trump would be if he were ever to return to the presidency."

Persons: There's, Donald Trump, Trump, Roe, ” Trump, Dobbs, Ron DeSantis, Joe Biden, Simon Rosenberg, Rosenberg, It's, Howard Schweber, Schweber, Biden, Shawn Fain, Mary Kay Henry, Henry, Debbie Dingell, Hillary Clinton's, Biden –, –, Clinton, Bill Clinton, didn't, – they're, they've, Trump's, Donald Trump Jr, Adrianne, Ryan Stitzlein, Stitzlein, ” Kristen Waggoner Organizations: GOP, Wade, NBC, Florida Gov, Trump, Democratic, University of Wisconsin, Madison, Wisconsin, United Auto Workers, Big, Republican, Union, Service Employees International Union, UAW, Black, Quinnipiac University, Pew Research Center, New Journey PAC, Supreme, Alliance Defending Locations: America, Wisconsin, Detroit, Michigan, Scranton , Pennsylvania, Shropshire

☆ Hollywood walkouts have wiped $5 billion from California's economy, exceeding analysts' estimates
▼ + stars: | 2023-09-05 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Hollywood writers and actors have been on strike for over four months. The impact on California's economy has been enormous – reaching almost $5 billion. Caterers, dry cleaners, drivers, and other small enterprises are among those most affected, says one researcher. Todd Holmes, an entertainment industry professor at Cal State Northridge, had predicted a $3 billion blow to California's economy in the first 100 days of the strike. AdvertisementAdvertisementAs a result, Hollywood studios have begun delaying new releases, as strike rules prohibit actors from promoting their films.

Persons: AFTRA, Kevin Klowden, –, Klowden, Todd Holmes Organizations: Service, Writers Guild of America, SAG, Milken Institute, Financial Times, Yahoo Finance, Cal State Northridge, Hollywood Locations: Wall, Silicon, Los Angeles

☆ How a safari led me to discover the ancient history of house cats
▼ + stars: | 2023-08-10 | by ( Jonathan Losos | The Conversation | ) www.businessinsider.com time to read: +9 min

But further scrutiny revealed distinctive features: legs slightly longer than those of most domestic cats, and a striking black-tipped tail. I explored this question in my book "The Cat's Meow: How Cats Evolved from the Savanna to Your Sofa." But tomb paintings and sculptures show that by 3,500 years ago, domestic cats lived in Egypt. Or you can measure the length of its intestines – longer in domestic cats to digest vegetable-based food provided by or scavenged from humans. The common view that domestic cats are aloof loners couldn't be further from the truth.

Persons: Jonathan Losos, I've, felines, –, Sophie Kleeman, loners couldn't, Thomas Winz, who's, William H, Danforth, St . Louis Organizations: North African Wildcat, Service, wildcats, African wildcats, pumas –, Vikings, Arts & Sciences, Washington University Locations: Wall, Silicon, Africa, New Jersey, South Africa, Egypt, Turkey, Syria, Iran, Europe, North America, Asia, St .

☆ Delta's CEO tells bosses who 'moan' to him about staff not coming into the office more: 'I know where they are – they're on my airplanes.'
▼ + stars: | 2023-07-22 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Ed Bastian told Semafor that bosses complain to him about trying to get employees back in the office. The Delta CEO said remote and hybrid workers now spend more time traveling. But the CEO of Delta CEO says their workers aren't just sitting at home – they're taking trips. American employees are clinging to remote work despite senior management thinking it's time to draw a line. I don't need to be in an office to do my work," she previously told Insider.

Persons: Ed Bastian, Semafor, aren't, Bastian, Nick Bloom, Bloom Organizations: Delta CEO, Morning, Delta, Semafor Locations: Arizona

☆ People put down deposits for every electric truck in development, leaving dealers in the lurch when they eventually cancel all but one
▼ + stars: | 2023-07-22 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Dealers lose in the race to get an electric truck in consumers' driveways. Dealers have more to lose than manufacturers, who book revenue once the truck leaves the factory. In an electric truck market where buyers are placing bets on what will arrive first, dealers are likely to be the ones left in the lurch. Listening to dealers about where the demand pendulum is swinging will be crucial for car companies as they roll out more and more electric models in the coming years. Car companies that use dealers book revenue on a car once it leaves the factory (that's one of the biggest advantages legacy car companies have over startups that use a direct-to-consumer model).

Persons: Cybertruck, Tesla, Karl Brauer, Brauer, they're, Ford, EVs, Jessica Caldwell, Edmunds, Caldwell Organizations: Dealers, Ford, GM, iSeeCars, EV, Car

Money market funds Assets in retail money market funds grew to $1.99 trillion, according to the latest data from the Investment Company Institute . Further, even as money market funds offer relative safety, they can still face some risk. Don't confuse money market funds with money market accounts. Though money market accounts – which are offered by banks – are protected by the Federal Deposit Insurance Corporation, up to $250,000, money market funds are not. Certificates of deposit and high-yield savings accounts Liquidity should be a big factor for investors eyeing bank products like CDs and high-yield savings accounts.

Persons: Jamie Hopkins, Hopkins, Don Grant, Jordan Benold, Lehman, Danika Waddell, BancShares, Waddell Organizations: Federal, Carson Group, Sabre, Investment Company Institute, Investors, –, Lehman Brothers, Federal Deposit Insurance Corporation, Xena, BMO, Ally Financial, CIT Bank, Synchrony, Ally, Capital

☆ Investing in Space: Is SpaceX's Starlink growing satellite internet market share, or taking it?
▼ + stars: | 2023-05-18 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Just over two and a half years after SpaceX's Starlink first rolled out its beta service, the satellite internet company now has more than 1.5 million subscribers. Starlink "introduced a service that leapfrogs the capability, although not quite the cost," of existing satellite and terrestrial competitors. Brazil, he noted, is the most dramatic example of Starlink taking share from incumbent satellite providers, where Starlink has added nearly the same amount of customers that Hughes has lost. With Starlink going after nearly every market vertical – from consumers to governments and everything in between – Prokosh noted customers are often just adding Starlink to existing options.

☆ The push for a bitcoin ETF is going to court. Here's what you need to know
▼ + stars: | 2023-03-06 | by ( Jesse Pound | ) www.cnbc.com time to read: +6 min

The years-long push for an exchange traded fund that tracks bitcoin will finally get its day in court this week. Several different firms tried to bring a spot bitcoin ETF to market in the U.S. without success, but Grayscale Investments is taking it a step further for the future of its Grayscale Bitcoin Trust (GBTC) . The largest of those funds, the ProShares Bitcoin Strategy ETF (BITO) , now has nearly $800 million in assets under management. Over the past year, the market price of a GBTC share has fallen by roughly 60%, according to Grayscale's website. Crypto winter The excitement around a bitcoin ETF has cooled considerably along with the prices for crypto markets in general.

☆ Ukraine can still lose the war — but Russia can’t win, Ian Bremmer says
▼ + stars: | 2023-02-20 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

"Ukraine can still lose the war — but Russia can't win," Ian Bremmer told CNBC's Hadley Gamble at the Munich Leigh Vogel / Contributor / Getty ImagesUkraine can lose the war, but Russia cannot win at a geopolitical level, Ian Bremmer, political scientist and president of Eurasia Group, told CNBC. "Ukraine can lose this war," Bremmer told CNBC's Hadley Gamble at the Munich Security Conference on Friday, but Russia cannot win in NATO because of its "pariah" status, Bremmer said. That's a long-term question that goes beyond Ukraine," Bremmer added. Everyone here needs to understand that Ukraine can lose this war," Bremmer said. "[The war] is an existential crisis for Ukraine, it's an existential crisis for Zelenskyy and his family personally – they're fighting literally for their lives," Bremmer said.

One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.

Audit your loyalty accounts to know exactly how many points you have and which ones are on the verge of expiring. Buy points Sometimes loyalty programs will sell points at a discount and buying them can save you money on travel. Earn points The easiest way to earn points is to get a co-branded credit card. Most loyalty programs offer shopping portals and dining rewards programs where you can earn points without a fee. Dining rewards programs are even easier to earn points with — link your credit card with the program, dine at a participating restaurant and earn points.

☆ The Fed may wreck one of the greatest booms in history of Main Street America
▼ + stars: | 2022-12-06 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

As interest rates rise, inflation lingers and home equity that many business founders use to get started shrinks, small business formations are doing something unexpected – they're rising. If the data persists, the resilience in small business formation points to a "new plateau" of activity that may add millions of jobs to the economy, Haltiwanger says. But the risks include the Fed itself choking off financial conditions so much that the small business boom is smothered. Danny Sweis opened his in the summer of 2022. If that lasts, that means 4 million per year, offset by 2.5 million lost as other small businesses close.

☆ Some of Taylor Swift's biggest fans are also lawyers. After Ticketmaster's botched handling of her Eras Tour, they're mobilizing to take the ticketing giant down.
▼ + stars: | 2022-11-21 | by ( Nicole Tabak | ) www.businessinsider.com time to read: +10 min

Ticketmaster badly botched its sale of Taylor Swift tour tickets last week. Facing endless questions and concerns over the chaos that ensued during presales for Swift's upcoming Eras Tour, fans gathered on social media not just to commiserate, but to take action. How Ticketmaster's chaotic handling of the Eras Tour presale may lead to its undoingSwift fans shared screenshots of the long queues for tickets. "And I know that sounds stupid to people who don't love Taylor Swift the way that a lot of us do. The momentum may be thanks to her Eras Tour, but this is about holding a monopoly accountable.

☆ 'Buying Beverly Hills' star Mauricio Umansky says you don't need a great resume to work at his real estate brokerage
▼ + stars: | 2022-11-05 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

'Buying Beverly Hills' star Mauricio Umansky is CEO of America's most successful real estate broker. But he's also CEO of America's biggest real estate brokerage, selling properties including the Playboy mansion and the Walt Disney estate. "I mean, a lot of employees don't even need to be in real estate." "I'm looking for people that believe real estate should be collaborative and not cut-throat, people that are excited about making the industry better," Umansky says. "There's not a lot of difference between selling a $100 million house and selling a $5 million house.

☆ Wall Street bankers in Riyadh renew warnings over world economy
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +2 min

RIYADH, Oct 25 (Reuters) - Top Wall Street bankers renewed their warnings about the world economy on Tuesday amid geopolitical tensions and steep interest rate hikes to tackle decades-high inflation. Goldman Sachs boss David Solomon said economic conditions would "tighten meaningfully from here" and the U.S. Federal Reserve could hike rates beyond 4.5-4.75% if it does not see real changes in behaviour. "If they don't see real changes – labour is still very, very tight – they're obviously just playing with the demand side by tightening. But if they don't see real changes in behaviour, my guess is they'll go further," he said. Dimon said the conflict between Russia and Ukraine, and tensions between the United States and China were more worrisome than a potential U.S. recession.

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