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☆ Germany needs structural change to prevent a shift to the right, Commerzbank CEO says
▼ + stars: | 2023-09-22 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

The sun sets behind the lignite-fired power plant of Boxberg on August 18, 2023 in Neuliebel, Germany. Florian Gaertner | Photothek | Getty ImagesGermany needs to implement structural changes if it wants to prevent a political shift to the right, Commerzbank CEO Manfred Knof told CNBC at the Handelsblatt Banking Summit 2023. Knof also said Germany's small-to-medium-sized companies, known as the Mittelstand, were reluctant to invest in their own country because of the structural issues in Europe's largest economy. "We need more activities and ... [a] better framework for the German SMEs to invest in this country," he added. "A lot of family-owned companies ... have very operational plans to relocate," Russwurm said, adding that the current business conditions in Germany had created a "cocktail" of obstacles for companies.

Persons: Florian Gaertner, Manfred Knof, Knof, Siegfried Russwurm, CNBC's Annette Weisbach, Russwurm Organizations: Photothek, Getty, CNBC, Handelsblatt, Federal Ministry for Economic Affairs, Germany, German Industry Federation Locations: Boxberg, Neuliebel, Germany, Bavaria, Europe's

☆ Sam Bankman-Fried's parents are embroiled in the crypto exchange's troubles. Here's what we know about the Stanford Law professors.
▼ + stars: | 2023-09-22 | by ( Grace Dean | Huileng Tan | ) www.businessinsider.com time to read: +2 min

FTX has sued Sam Bankman-Fried's parents, seeking to recover millionsBarbara Fried and Joseph Bankman. Michael M. Santiago/Getty ImagesFTX co-founder Sam Bankman-Fried has been embroiled in legal troubles since the collapse of the cryptocurrency exchange in November. Now, Bankman-Friend's parents — longtime Stanford law professors Joseph Bankman and Barbara Fried — are caught up in FTX's troubles too. The complaint filed in the collapsed cryptocurrency exchange's bankruptcy case in Delaware seeks to recover some damages from Bankman and Fried. Legal representatives for Bankman and Fried did not immediately to a request for comment from Insider sent outside regular business hours.

Persons: FTX, Sam Bankman, Barbara Fried, Joseph Bankman, Michael M, Fried, —, Barbara Fried —, Joe, Barbara Organizations: Stanford, FTX, Bankman, Associated Press Locations: Bahamas, Delaware

☆ Japanese yen weakness may force BOJ tightening sooner than expected
▼ + stars: | 2023-09-22 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

watch nowThe Bank of Japan could be forced into hiking rates sooner than expected, if the Japanese yen weakens beyond 150 to the dollar. The BOJ stands as an outlier as major central banks have hiked rates aggressively to combat burgeoning inflation. Decades of accommodative monetary policy in Japan — even as other global central banks tightened policy in the last 12 months — have concentrated carry trades in the Japanese yen. The Japanese yen slipped about 0.4% to around 148.16 against the dollar on Friday after the BOJ kept its negative rates unchanged, after the yen tested its lowest in almost 10 months at 148.47 per dollar Thursday. While a weaker yen makes Japanese exports cheaper, it also makes imports more expensive, given that most major economies are struggling to contain stubbornly high inflation.

Persons: Bob Michele, Michele, Kazuo Ueda's, Ueda Organizations: Bank of Japan, U.S . Federal Reserve, Morgan Asset Management, CNBC, Afp, Getty, Yomiuri Shimbun Locations: Bank, Japan, Tokyo, Central

☆ Foodpanda confirms layoffs, says it's in talks to sell part of Asia food delivery business
▼ + stars: | 2023-09-22 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

A courier for Foodpanda, a meal-delivery service operated by Delivery Hero AG, checks his smartphone while sitting on a motorcycle at the company's operations center in Bangkok, Thailand, on Friday, March 16, 2018. Bangkok's famed love affair with food is spilling over to meal-delivery apps, a fledgling sector that Foodpanda projects will surge in 2018 as competition intensifies. Photographer: Brent Lewin/Bloomberg via Getty ImagesSingapore-headquartered food delivery service Foodpanda on Friday confirmed to CNBC that it is conducting its latest round of layoffs as the need to be "more agile remains critical." "Our company priority right now is to become leaner, more efficient and even more agile. This is Foodpanda's third round of layoffs since job cuts in February and September last year amid macroeconomic headwinds, according to media reports.

Persons: Bangkok's, Brent Lewin, Jakob Sebastian Angele Organizations: Bloomberg, Getty Images Singapore, CNBC Locations: Bangkok, Thailand

“Russia’s thinly veiled threats to use nuclear weapons remind the world that escalation of the conflict – by accident, intention, or miscalculation – is a terrible risk. New Construction at Russia's Novaya Zemlya nuclear test site, June 22, 2023. Lop Nur nuclear test site. “The Chinese test site is different than the Russian test site,” Lewis said. Both countries keep their strategic nuclear arsenals on “hair-trigger” alert, meaning that nuclear weapons can be launched on short notice.

Persons: Jeffrey Lewis, James Martin, ”, Cedric Leighton, “, Vladimir Putin, ” Lewis, Lewis ’, António Guterres, ” Guterres, Dmitry Medvedev, Putin, Alexander Lukashenko, Sergei Shoigu, Lewis, we’ve, Leighton, they’d, ” Leighton, Nur, Hans Kristensen, Kristensen, Israel –, Dyess, Frederic J . Brown, Fiona Cunningham, Yang Kun, ” Daryl Kimball, Kimball, Michael Frankel, James Scouras, George Ullrich, Soviet Union –, Russia –, We’re Organizations: CNN, James, James Martin Center, Nonproliferation Studies, Middlebury Institute of International Studies, US, US Air Force, Atomic Scientists, Soviet Union, United Nations, Russia’s Security, Russian Defense Ministry, Planet Labs PBC, Middlebury, Science and Global Security, Novaya, Middlebury Institute, China Observer, China’s Foreign Ministry, Planet Labs, Nevada National Security, National Security Administration, US Department of Energy, Office, National Security Council, International Monitoring, Federation of American Scientists, Stockholm International Peace Research Institute, Missile Defense, Center for Strategic, International Studies, Columbia, Northrop Grumman's Air Force, Getty, Control Association, ACA, NGO, PLA, Nuclear, Carnegie Endowment, International, Arms Control Association, Johns Hopkins Applied Physics Laboratory, Soviet Locations: Russia, United States, China, Xinjiang, Nevada, . China, Moscow, Washington, Ukraine, Soviet, Belarus, Minsk, Novaya Zemlya, Zemlya, Soviet Union, Lop Nur, Japan, Lop, Beijing, Stockholm, United Kingdom, France, India, Pakistan, North Korea, Israel, Ellsworth, Palmdale , California, AFP, Yuli County, Mongol Autonomous Prefecture, Xinjiang Uygur Autonomous Region, Baltimore, Russian, Hiroshima

☆ Shanghai, Beijing capital controls relaxed as China entices badly needed foreign investment
▼ + stars: | 2023-09-22 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Shanghai’s free trade zone is one of China’s largest and is slightly bigger than the city of Seattle. The policies are aimed at attracting foreign investment to build an open economy, the government said. Thursday’s measures are the latest effort by Chinese leader Xi Jinping’s government to woo foreign capital and stabilize ties with the West. China has made a series of moves recently to stabilize foreign trade and investment, including cutting a tax on stock trading for the first time since 2008. The latest relaxation in capital controls is part of a policy package announced by Beijing and Shanghai, the country’s two biggest cities, to facilitate foreign trade and investment.

Persons: Tesla’s Gigafactory, Stringer, Xi Jinping’s, JP Morgan, Tesla Organizations: Hong Kong CNN, HP, AstraZeneca, Getty, State Administration of Foreign Exchange, American Chamber of Commerce, People’s Bank of, HSBC Locations: China, Hong Kong, Shanghai, Beijing, Seattle, BlackRock, AFP, People’s Bank of China, Macao, Taiwan

☆ Bank of Japan leaves rates unchanged, maintaining ultra-loose monetary policy
▼ + stars: | 2023-09-22 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

Javier Ghersi | Moment | Getty ImagesJapan's central bank maintained its ultra-loose policy and left rates unchanged on Friday, mindful of the "extremely high uncertainties" on the growth outlook domestically and globally. In a policy statement after its September meeting, the Bank of Japan said it would maintain short-term interest rates at -0.1%, and cap the 10-year Japanese government bond yield around zero, as widely expected. The yield curve control is a policy tool where the central bank targets an interest rate, and then buys and sells bonds as necessary to achieve that target. Wage growth, output gap — which measures the difference between an economy's actual and potential output — and price expectations are among factors the Bank of Japan has prioritized as meaningful inflation drivers. Japan needs to see meaningful and sustained wage inflation, which can have a psychological impact on consumption," he said.

Persons: Javier Ghersi, Kazuo Ueda's, Ueda's, Ueda, Bank of Japan's, Oliver Lee, it's Organizations: Bank of Japan, Bank, Yomiuri Shimbun, Bank of, Eastspring Investments Locations: Japan

☆ Bronx day care where boy died of suspected overdose had trap door, drugs hidden in floor, NYPD says
▼ + stars: | 2023-09-21 | by ( Mark Morales | ) edition.cnn.com time to read: +4 min

CNN —Authorities discovered a trap floor containing drugs, including fentanyl, inside a Bronx day care center where a 1-year-old boy died of a suspected fentanyl overdose last week, the New York Police Department announced Thursday. The NYPD says a large quantity of fentanyl and other narcotics were discovered in a trap floor in the play area of the day care center. One-year-old Nicholas Dominici died after a suspected exposure to fentanyl last week at Divino Niño day care center. “More evidence has been recovered that leads to the conclusion that this was more than just a day care center,” Clark said Thursday. Carlisto Acevedo-Brito lived in a bedroom within the day care facility and is related to Mendez's husband.

Persons: Grei Mendez, Carlisto Acevedo Brito, Attorney Darcel Clark, “, they’re, ” Clark, Nicholas Dominici, –, Theodore, napped, Mendez, Brito, Damian Williams, Carlisto Acevedo, Theodore Parisienne Organizations: CNN — Authorities, New York Police, NYPD, Police, Bronx, Attorney, Divino, CNN, Daily, Getty, Investigators, Southern, of Locations: baggies, York City, of New York, Southern

Following Thursday's trade, Jim Cramer's Charitable Trust will own 300 shares of PXD, increasing its weighting in the portfolio to 2.4% from 2.2%. PXD @CL.1 YTD mountain Pioneer vs. WTI You might that a stock directly linked to the price of oil would have made a similar move. The divergence here has created an opening to buy more shares as higher oil prices should lead to bigger dividends and larger share repurchases at the company level. U.S. oil prices briefly topped $92 on Tuesday. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, PXD @CL, WTI, Jim, Carley Garner, Rusty Braziel, Jim Cramer, Spencer Platt Organizations: Natural Resources, PXD, Texas, Halliburton, HAL, Coterra Energy, CNBC, New York Stock Exchange, Getty Locations: U.S, Russia, China, India

☆ CNBC Daily Open: Try to see the bright side of higher-for-longer rates
▼ + stars: | 2023-09-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Chip Somodevilla | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineAs expected, the Federal Reserve declined to increase interest rates. In June, the Federal Open Market Committee forecast four rate cuts next year, totaling one percentage point. Despite the prognostications of robust economic growth, markets focused on the "higher rates for longer" part of the dot plot, seeing the glass as half empty.

Persons: Jerome Powell, Chip Somodevilla, That's, Powell, we'll, —, Jeff Cox, Yun Li Organizations: Federal Reserve, Getty, CNBC, Federal, Fed, Dow Jones Industrial, Nasdaq Locations: Washington ,, U.S

☆ Some student loan borrowers have extra time before payments restart. Here's why
▼ + stars: | 2023-09-21 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Many people made their usual student loan payment in March 2020, before former president Donald Trump first announced the pause on federal student loan bills and interest accrual, he explained. Depending on when their loan servicer received those funds, it may have been considered an extra payment that has now pushed back their due date. You can contact your loan servicer or log in to StudentAid.gov to learn your exact due date, said higher education expert Mark Kantrowitz. The typical federal student loan bill is $350 a month. If you were enrolled in the standard 10-year repayment plan prior to Covid and still are, your monthly payment should not have changed.

Persons: Buchanan, Donald Trump, servicer, Mark Kantrowitz, they're, Kantrowitz, Grace Locations: StudentAid.gov

☆ Climate change is already costing us money, but we have a chance to limit the worst of it and prosper. Here's how.
▼ + stars: | 2023-09-21 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +12 min

But to get there, we'll need to spend a lot of money up front and be real about the climate costs we're already paying — even if we don't always notice them. The full costs of extreme weather are often hiddenThe biggest fires, floods, and heat waves tend to draw headlines. But for years, the more subtle effects of extreme weather had gone pretty much unnoticed. This situation could be made worse by a looming financial "mega shock," which could arise as more people wake up to the reality of the climate crisis, Butler said. The Biden administration has already earmarked $52 billion to tackle the climate crisis for 2024.

Persons: —, Amir Jina, It's, Jina, Idalia, Joe Raedle, Creon Butler, Mario Tama, Butler, haven't, ANGELA WEISS, Hurricane Ian, Matias J, Biden, That's, We've, it's, Bulter Organizations: University of Chicago, Getty, Insurance, Miami Herald, Tribune, Service, UN, Intellectual, Organization Locations: Tarpon Springs , Florida, London, New York City, , Florida, Hurricane, Botswana, Denmark, Namibia

☆ Cisco acquiring cybersecurity company Splunk in cash deal worth $28 billion
▼ + stars: | 2023-09-21 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

(Photo by Jakub Porzycki/NurPhoto via Getty Images)Cisco is acquiring cybersecurity software company Splunk for $157 a share in a cash deal worth about $28 billion, the company said Thursday. The acquisition is one of Cisco's largest, and continues an acquisition streak which has built out the company's cybersecurity offerings. Splunk is a cybersecurity company that helps enterprises monitor and analyze their data to minimize the risk of hacks and resolve technical issues faster. If Cisco backs out of the deal or is forced to do so because of regulatory intervention, it will pay Splunk a termination fee of $1.48 billion, according to a regulatory filing. If Splunk backs out of the deal for any reason, it will pay a $1 billion breakup fee to Cisco.

Persons: Jakub Porzycki, Chuck Robbins, Robbins, Simpson Thacher, Moore, Morgan Stanley, Flom, Splunk Organizations: Getty Images, Cisco, Tidal Partners, Qatalyst Partners Locations: Krakow, Poland, Slate

Saudi Crown Prince Mohammed bin Salman smiles during the New Global Financial Pact Summit at the Palais Brongniart in Paris, on June 22, 2023. Ludovic Marin | AFP | Getty ImagesSaudi Crown Prince Mohammed bin Salman said the prospect of normalizing relations with Israel is getting closer by the day, but signaled that the treatment of Palestinians remains a clinching point. Prince Mohammed dismissed reports that the two countries had suspended talks and acknowledged progress in negotiations. "Every day we get closer," he said in an Fox News interview aired on Wednesday — a rare sit-down with a Western media outlet for the Saudi crown prince. The two leaders agreed to work toward securing diplomatic ties between Saudi Arabia and Israel.

Persons: Prince Mohammed bin Salman, Ludovic Marin, Prince Mohammed, Joe, Abraham, Donald Trump, Benjamin Netanyahu, Biden, Netanyahu Organizations: New Global Financial, Palais, AFP, Getty, Saudi, Fox News, Israel, United, Wednesday, United Nations Locations: Saudi, Paris, Israel, Riyadh, Bahrain, United Arab Emirates, Sudan, Morocco, Washington, New York, Saudi Arabia

☆ Taylor Swift: Australia to host academic conference on singer
▼ + stars: | 2023-09-21 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

Due to be held in Melbourne from February 11 to February 13, 2024, just days before Swift’s “Eras” tour arrives in Australia, the conference is backed by seven universities across Australia and New Zealand. Swift's "Eras" tour has become a cultural phenomenon. Swift’s impact has already proven to be literally Earth-shaking. Fans attending her Seattle “Eras” tour concert at Lumen Field in July caused seismic activity equivalent of a 2.3 magnitude earthquake, according to seismologist Jackie Caplan-Auerbach. Her “Eras” tour could gross a record-breaking $2.2 billion in North American ticket sales alone, according to August survey data from research firm QuestionPro provided to CNN exclusively.

Persons: CNN — Taylor, ”, “, Allen J, Lumen Field, Jackie Caplan, Auerbach, QuestionPro, Swift, William Shakespeare, John Keats, Taylor Swift Organizations: CNN, University of Melbourne, New Zealand, Organizers, Los Angeles Times, North, Ghent University, University of Texas, Austin, Arizona State University, Psychology Locations: Melbourne, Australia, New, Asia, Pacific, Seattle, Belgium

☆ Face of the iconic Hawaiian Airlines logo has died
▼ + stars: | 2023-09-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —The “face” of the Hawaiian Airlines logo, which has decorated the tails of its airplanes for decades, has passed away. Leina’ala Ann Teruya Drummond, Miss Hawaii 1964, died of cancer Monday at the age of 77 in Hilo, Hawaii. The face is a “promise to our guests that we offer something no other airline can — the warmth, care and generosity that are hallmarks of our Hawaiian culture,” the airline explains its on website. The Miss Hawaii organization said in a statement that Drummond’s “iconic smile, elegance and grace will always be remembered” and noted she placed in the top ten of the Miss America Pageant. “Hawaii lost a talented, poised and gracious woman who touched the hearts of many across the globe,” the organization said.

Persons: Leina’ala Ann Teruya Drummond, Andrew Woodley, Hawaiian Airlines didn’t Organizations: New, New York CNN, Hawaiian Airlines, Airlines, Hawaiian Airlines Boeing, Honolulu, Universal, Getty, Miss, Miss America Locations: New York, Miss Hawaii, Hilo , Hawaii, Hawaii

☆ CNBC Daily Open: Try to look on the bright side of higher-for-longer rates
▼ + stars: | 2023-09-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

☆ Shares of YG tumble over 13% after report three Blackpink members will not renew contracts
▼ + stars: | 2023-09-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

INDIO, CALIFORNIA - APRIL 22: (L-R) Rosé, Jennie, Jisoo, and Lisa of BLACKPINK perform at the Coachella Stage during the 2023 Coachella Valley Music and Arts Festival on April 22, 2023 in Indio, California. (Photo by Emma McIntyre/Getty Images for Coachella)Shares of K-pop agency YG Entertainment tumbled 13.28% on Thursday after South Korean media reported that three of the four members of girl group Blackpink will not sign new contracts with the label. South Korean outlet Sports Seoul reported, citing "multiple music industry officials," that members Jisoo, Jennie and Lisa will sign contracts with other labels, while Rosé will renew her contract with YG. Reuters reported that YG said contract talks are ongoing and nothing has been decided. This comes after Thailand-born Lisa allegedly rejected two contract renewal offers from YG last week, with the size of the contract reportedly worth 50 billion South Korean won ($37.6 million).

Persons: Rosé, Jennie, Jisoo, Lisa of BLACKPINK, Emma McIntyre, Lisa Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, South, Sports Seoul, YG, Reuters, South Korean Locations: INDIO , CALIFORNIA, Indio , California, Blackpink, Thailand

☆ Doja Cat's 'Balut' lands her in hot water with Filipino listeners
▼ + stars: | 2023-09-21 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +2 min

CNN —American rapper Doja Cat has landed in hot water with listeners in the Philippines after naming her latest single after a Filipino street food. “I named the song ‘Balut’ because it signifies a bird that’s being eaten alive,” she wrote in an Instagram Story on Sunday. Balut is an 14-21-day-old fertilized duck egg dish, often served with rock salt as a seasoning. While Doja Cat’s explanation of the dish might not have gone down well, her Filipino fans might find her reaction to tasting the food itself somewhat more palatable. The song is among the tracks on Doja Cat’s fourth studio album “Scarlet” to be released on Friday, September 22.

Persons: Doja, ”, “, ’, Balut Organizations: CNN, Twitter, RCA Records Locations: Philippines, Southeast Asia

The average interest rate for all credit card accounts hit 20.68% in May, the highest on record, according to most recent Federal Reserve data. "But credit cards do charge the highest interest rates of any mainstream consumer debt [by far]," he wrote in an e-mail. This is why it's so important to prioritize credit card debt payoff." Total credit card debt topped $1 trillion in the second quarter of 2023 for the first time ever. "Whenever the Fed has raised interest rates as they have, something usually tips or fails," he said.

Persons: Barry Glassman, Ted Rossman, Cardholders, Glassman, CreditCards.com, Rossman, Bankrate Organizations: CreditCards.com, Federal Reserve, Wealth, Westend61, Getty, Federal Reserve Bank of New, Silicon Valley Bank, Signature Bank Locations: Vienna , Virginia, North Bethesda , Maryland, Federal Reserve Bank of New York, Silicon, U.S

☆ Apple is 2 years into its hybrid work pilot and still doesn't know the right balance
▼ + stars: | 2023-09-21 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Apple's hybrid work pilot program is still going two years after it was first proposed. It started after employees pushed back against a plan to bring them back to the office three days per week. "So what we decided to do was run a pilot where people come into the office three days a week. Apple first announced the pilot program Cook spoke of in June 2021 as pandemic restrictions wound down and people came out into the sun squinting their eyes. In mid-2022, Cook told employees that the pilot program wasn't set in stone and expected aspects to be adjusted.

Persons: Tim Cook, Cook, Tayfun, —, Marc Benioff Organizations: Service, CBS, Apple, Anadolu Agency, Getty, Employees Locations: Wall, Silicon, Cupertino , California, United States, Chengdu, Southwest China's Sichuan province

☆ King Charles makes historic speech at French senate
▼ + stars: | 2023-09-21 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +6 min

When his late mother, Queen Elizabeth II, visited in 2004, she made her speech from the adjoining Salle des Conferences. Queen Camilla plays table tennis during a visit to France's national stadium and venue for next year's Olympic Games. Hannah McKay/Pool/AFP/Getty ImagesQueen Camilla delivers a speech next to French President's wife Brigitte Macron at the national library in Paris. Queen Camilla and King Charles III are welcomed by French President Emmanuel Macron and Brigitte Macron to a state dinner in Versailles on September 20, 2023. Christian Liewig/Corbis/Getty ImagesBritain's King Charles with the French first lady Brigitte Macron at the Palace of Versailles, west of Paris, on Wednesday.

Persons: Paris CNN — King Charles III, ” Charles, Queen Camilla, Emmanuel Macron’s, Queen Elizabeth II, Charles, King ”, King –, “, ”, Russia’s, France's, Emmanuel Dunand, Brigitte Macron, Camilla, l’Entente, Denis, Hannah McKay, Bertrand Guay, Macron, Hugh Grant, Charlotte Gainsbourg, Emma Mackey, Mick Jagger, Arsene Wenger, French King Louis XIV, King Charles III, Emmanuel Macron, Christian Liewig, King Charles, Daniel Leal, Rishi Sunak’s Organizations: Paris CNN, Palais du, Rugby, National Assembly, Getty, Senate, Bibliotheque Nationale de, Notre Dame, Twitter, Mirrors Locations: France’s, France, Paris, Bordeaux, Salle, Ukraine, Europe, Palais du Luxembourg, United Kingdom, Bibliotheque Nationale de France, French, Franco, British, Saint, Paris ’, Notre, of Versailles, Versailles

☆ Insider Today: Side hustles' turning point
▼ + stars: | 2023-09-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

A new study from Morgan Stanely makes the case that generative AI will enable people to work multiple jobs, writes Insider's Alistair Barr. In the US alone, multi-earning has increased 11% over the past year, largely thanks to the rise of generative AI tools like ChatGPT. New research from EY found that nearly 40% of Gen Zers had a side hustle to earn extra money. Adding fuel to the fire is the fact bosses don't seem to care if their employees are working multiple jobs, albeit with one caveat. To be sure, executives' acceptance of employees working multiple jobs might be short-lived.

Persons: Randy Rush, Morgan Stanely, Alistair Barr, Morgan Stanley, EY, Gen Zers, Zers, Gen, Z, Alex Wong, we're, It's, Peter Brown, alums, —, Brooks Kraft, Cassidy Hutchinson, Rudy Giuliani, Joe Biden, Volodymyr Zelenskyy, Mike Minnis, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Fed, cofounders, Renaissance Technologies, Tesla, Bugatti, Brooks Kraft LLC, Getty, Netflix, United Nations General Assembly, Darden, Olive Garden, LongHorn Locations: Wall, Silicon, Asia, Scottish, —, Europe, Americas, Olive, New York City, San Diego, London

☆ Teo Boon Ching: 'Godfather' of illicit wildlife trade jailed for trafficking rhino horns worth $2 million
▼ + stars: | 2023-09-21 | by ( Heather Chen | ) edition.cnn.com time to read: +3 min

“Wildlife trafficking is a serious threat,” said Damian Williams, US Attorney for the Southern District of New York, in the release. Sam Yeh/AFP/Getty Images‘Body blow’Prosecutors said a covert operation exposed Ching’s efforts to traffic about 219 kilograms [483 pounds] of rhino horns “resulting from the poaching of numerous rhinoceros” with an estimated value of $2.1 million. The horns were delivered in a suitcase in Thailand by those working for the wildlife trafficking organization, officials said. The London-based Environmental Investigation Agency (EIA), which supplied intelligence on Ching to US enforcement agents, said his jailing was a “body blow” to the illegal wildlife trade. “Chinese and Vietnamese organized crime networks have long exploited Malaysia and other Southeast Asian countries as transit hubs for smuggling illegal wildlife commodities from Africa into Asia,” an EIA statement read.

Persons: Teo Boon Ching, Ching, ”, Damian Williams, Sam Yeh, Olivia Swaak, Goldman, “, ” “ Organizations: CNN, Southern, of, ” Rhinos, World Wildlife Fund, Rhinos, Getty, Prosecutors, Environmental Investigation Agency, US Treasury Department, Wildlife Justice Commission Locations: Malaysian, Manhattan, of New York, Thailand, United States, Africa, Asia, China, Vietnam, AFP, New York, London, Malaysia

☆ Julie Ertz to play in final US women’s national team match against South Africa
▼ + stars: | 2023-09-21 | by ( Amy Woodyatt | Aimee Lewis | ) edition.cnn.com time to read: +2 min

ET Thursday will see the two-time Women’s World Cup winner and two-time Olympian earn her 123rd and final cap for the US. She announced her retirement last month, adding that she made the decision “with immense emotion and processing.”Ertz controls the ball against Sweden in what would be her final Women's World Cup match. Jenna Watson/USA TODAY Sports/ReutersErtz, 31, was an integral member of the US teams which won the Women’s World Cup in 2015 and 2019. She represented the US women’s team on 122 occasions, losing just five matches and scoring 20 goals during her 10-year international career. Ertz, pictured as the US celebrates its victory over the Netherlands at the 2019 Women's World Cup final, was an integral member of the US teams which won women's soccer's showpiece event in 2015 and 2019.

Persons: Julie Ertz, Jenna Watson, Reuters Ertz, Richard Heathcote, Ertz, “ There’s, Momma can’t, Momma, ” Ertz, Madden, Twila Kilgore, Ertz’s Organizations: CNN, US, National, TQL, Sweden, USA, Reuters, Getty, Chicago Red Stars, US Soccer, National Women’s Soccer League, Angel City, Interim, “ Locations: South Africa, Cincinnati, Netherlands, Angel, Australia, New Zealand, Interim US

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