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☆ 'Shadow Stand-Ins': How Workers Secretly Outsource Their Jobs
▼ + stars: | 2024-06-30 | by ( Rob Price | ) www.businessinsider.com time to read: +20 min

Related storiesThough Remi recruited people she knew, shadow stand-ins are often sourced from a complex online web of faceless providers. Facebook Groups are a popular forum for recruiting shadow stand-ins, providing a two-sided marketplace where workers and providers can connect to one another. The dustup highlighted a key drawback to shadow stand-ins: While alluring, things can go horribly wrong. "It required a lot of micromanaging," said a backend engineer in Pennsylvania who hired shadow stand-ins to help him juggle multiple jobs. Pay rates for shadow stand-ins are "definitely more than what people earn in their regular payday, that's for sure," he said.

Persons: Remi, Zer, couldn't, — Remi, Walter Keane, Margaret, Tim Ferriss, Raj Kumar, isn't, Kevin, Andrew, it's, Lorenzo Matteucci, Brandon Nowak, —, Amber Clayton, Tim Woodruff, Woodruff, they're, Ranjan, Kiran, Rahul, Peter Steele, Michel Anteby, doesn't Organizations: Business, Labor, Verizon, Southwestern, Facebook, Amazon Web Services, BI, Companies, Corporations, Society for Human Resource Management, Secret Service, Department of, Treasury, FBI, LinkedIn, Boston University Locations: Chicago, India, Pakistan, China, Southwestern US, Atlanta, San Jose , California, Bengaluru, American Java, Southeast Asia, United States, Colorado, Southern California, Pennsylvania, Washington, Indian, Michigan, Oregon, England

☆ Fertility benefits are a must for attracting millennial talent, even in industries other than tech
▼ + stars: | 2024-06-30 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Read previewGetting access to fertility benefits through your employer used to feel like a luxury reserved for workers at major tech companies. Many companies offer fertility benefits by partnering with providers like Progyny and Carrot, which offer customizable plans. Related storiesOffering great fertility benefits is one way companies can compete for top talent, especially millennials and younger professionals. A recent HR Brew/Harris Poll found that, overall, 63% of respondents thought companies should offer fertility benefits to employees. AdvertisementAnevski expects the number of businesses and industries offering fertility benefits will only increase, especially as top talent comes to expect it as part of a desirable job.

Persons: —, Pete Anevski, it's, Progyny, Anevski, Megan Garner, Carrot, Garner, Fortune, Mercer, Harris, Gen Organizations: Service, Business, Microsoft, Google, Nike, Carrot, Progyny Locations: West Coast

☆ A financially independent entrepreneur shares the 'ticket for passive income' — and how she plans to grow from a six-figure business to 'multiple seven figures'
▼ + stars: | 2024-06-30 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLiz Wilcox brings in, on average, $40,000 a month from her email marketing business — and she's not logging a lot of hours. Her business brought in five figures while she competed on the reality TV show without access to the outside world. AdvertisementThanks to the way she's set up her business, "I really could disappear for a month," said Wilcox. Because almost every business, if they're doing it right, is doing email marketing."

Persons: —, Liz Wilcox, I've, Wilcox, Burger King, We've, Liz, she'd, we'd Organizations: Service, Business, BI Locations: Destin , Florida

Let us show you everything you need to know about where to watch a free Austria F1 live stream wherever you are in the world. As also detailed in our season-long free F1 live stream guide, we can help you watch every race this season via similar options to today's. How to watch free Austrian GP live streams with a VPNSign up for a VPN if you don't have one. How to watch F1 Austria live stream in the USABC and ESPN covers Formula 1 racing throughout the season. Check price at SlingHow to watch Austria F1 live stream in the UKWant a free option?

Persons: it'll, Orange Army that's, Norris, Russell, Sainz, we've, you'll, ExpressVPN, it's, There's Organizations: Business, Red Bull, Orange Army, Austrian, RTL2, Austria F1, ABC, ESPN, MLB, NHL, NFL, UFC, Hulu, Disney Plus, ESPN Sling, Austria, Sky Sports, Sky, Premier League Locations: Austria, Austrian, ORF1, ServusTV, Belgium, Luxembourg, TV's

☆ Composting could be set for U.S. boom, and it needs one, decades behind recycling
▼ + stars: | 2024-06-29 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +6 min

Some states, municipalities and private-sector companies are pushing to make composting as commonplace as recycling. Yet data from the Environmental Protection Agency shows little residential food waste is composted in the U.S. — 3.7% as of an April 2023 report. These include at-home options, curbside bins, drop-off locations and private valet services that pick up food waste from multi-family homes. Thousands of composting facilities neededFranciosi said his organization has been fielding more calls from municipalities that are interested in composting, but funding challenges remain. Another challenge is the dearth of composting facilities.

Persons: Scott Smithline, Jenny Grant, Frank Franciosi, Stacy Savage, Franciosi, Grant, Lauren Organizations: PepsiCo, Environmental Protection Agency, California Department of Resources Recycling, Zero, Local Locations: U.S, Vermont, California, Europe, REA, New York City, Bronx, Manhattan, Brooklyn, Queens, Staten

☆ VCs clamor to invest in the red-hot early-stage round for AI safety startup Haize Labs
▼ + stars: | 2024-06-29 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +4 min

Read previewHaize Labs, an AI safety startup, is raising an early-stage round that investors are clamoring to invest in, Business Insider has learned. However, for hot startups, there can be more investor demand than a startup can accommodate, as with Haize Labs' round. One source indicated that Haize Labs received term sheets with valuations ranging from $30 million to over $100 million. Haize Labs is building automated red-teaming and stress-testing algorithms to identify risks in AI models and agents. AI safety has increasingly become a concern, especially as AI usage increases among both consumers and enterprises.

Persons: —, Leonard Tang, VentureBeat, OpenAI, Sama, Steve Li, Richard Liu, Tang Organizations: Service, Business, Haize, Haize Labs, Soma, Google, Netflix, Harvard, Carnegie Mellon, Washington Post

☆ Texas Supreme Court upholds state’s ban on gender-affirming care for minors
▼ + stars: | 2024-06-28 | by ( Andy Rose | Kaanita Iyer | ) edition.cnn.com time to read: +3 min

CNN —The Texas Supreme Court ruled Friday to allow the state’s ban on nearly all gender-affirming care for minors to remain in effect. The law bars Texas health care providers from providing gender transition surgeries, puberty-blocking medication or hormone therapies to those under 18, although exceptions are provided for intersex patients. Texas’ ban is similar to restrictions in nationwide as GOP-led states have moved to curb gender-affirming care for minors, expressing concerns over the long-term effects of such treatment — though major medical associations have deemed it clinically appropriate. More than 20 states have enacted restrictions on gender-affirming care for minors. The Biden administration directly challenged Tennessee’s ban on gender-affirming care for minors, and the US Supreme Court announced this week that it will hear the appeal, which will determine whether states can restrict such care.

Persons: “, ”, ” Karen Loewy, Greg Abbott’s, ” “, Andrew Mahaleris, Abbott, Biden, CNN’s Jack Forrest, Chris Boyette Organizations: CNN, The, The Texas Supreme, Republican, ”, Texas, GOP, Lambda, Lambda Legal, Texas GOP Gov, Texas Legislature, “, US Supreme Locations: The Texas, Texas

☆ Live Updates: Supreme Court Overrules Chevron Doctrine, Imperiling an Array of Federal Rules
▼ + stars: | 2024-06-28 | by ( Adam Liptak | ) www.nytimes.com time to read: +12 min

But that gave too much power to unelected government officials, according to conservatives, who ran a coordinated, multiyear campaign to end the Chevron doctrine. The Environmental Protection AgencyEnvironmentalists fear that the end of the Chevron doctrine will mean the elimination of hundreds of E.P.A. “I would expect the industry to attack the F.D.A.’s authority to do premarket review at all,” said Desmond Jenson, deputy director of the commercial tobacco control program at the Public Health Law Center. Others noted the Chevron decision could have a chilling effect, compelling the F.D.A. “The Supreme Court has not relied on Chevron in quite a few years,” she said.

Persons: ”, Lisa Heinzerling, Donald J, Trump, Mandy Gunasekara, President Trump, Jonathan Berry, doesn’t, ” Rather, Berry, ” Mr, Chevron, Biden, Garden, “, Desmond Jenson, Nicholas Bagley, Rachel Sachs, Louis, Abbe R, Gluck, Ms Organizations: Georgetown University, “, Congress, Labor, Act, Republican, Trump, Chevron, Labor Department, Mr, Environmental Protection Agency, Biden, University of Minnesota, The National Labor Relations Board, Food, Drug Administration, Public Health Law Center, Health, Affordable Care, University of Michigan, Washington University School of Law, Department of Health, Human Services, Centers, Medicare, Services, Yale Law School, Treasury, Internal Revenue, Treasury Department, Internal Revenue Service Locations: Chevron, St

☆ U.S. needs major nuclear power expansion to meet rising electricity demand, Southern Company CEO says
▼ + stars: | 2024-06-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

"This country will need more nuclear plants going forward," Chris Womack said at the Reuters Global Energy Transition conference in New York City. This is equivalent to about 10 new nuclear plants with a single reactor each. Based on market capitalization, Southern Company is the second largest name in the Utilities Select Sector SPDR Fund (XLU) . After two decades of nearly flat power growth, Southern Company is now expecting demand to grow by three to four times, the CEO said. "You're also seeing in the Southeast, this incredible population growth and you're seeing all this onshoring with manufacturing."

Persons: Chris Womack, It's, Womack Organizations: Southern Company, Reuters, Energy, Department of Energy, Utilities, Southern Locations: States, New York City, Georgia , Alabama, Mississippi, Atlanta, U.S, Southern

☆ Supreme Court allows emergency abortions in Idaho for now
▼ + stars: | 2024-06-27 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +6 min

A group of doctors join abortion rights supporters at a rally outside the Supreme Court on April 24, 2024 in Washington, DC. The court dismissed an appeal brought by Idaho officials, meaning a lower court ruling that allows doctors in the state to perform abortions in emergency situations remains in effect for now. The legislation, known as the Defense of Life Act, went into effect in 2022 when the Supreme Court rolled back Roe. The Supreme Court in January allowed Idaho to enforce the provisions while agreeing to hear oral arguments in the case. The emergency room dispute is one of two abortion cases the Supreme Court considered this term, both of which arose in the aftermath of the 2022 decision to overturn Roe.

Persons: WASHINGTON —, Ketanji Brown Jackson, Samuel Alito, Clarence Thomas, Neil Gorsuch, Alito, Biden, Amy Coney Barrett, Elena Kagan, Donald Trump, Roe, Wade, Lynn Winmill Organizations: WASHINGTON, Conservative, Liberal, Defense, Labor, U.S, Circuit, Supreme, Food Locations: Washington , DC, Idaho, U.S, San Francisco

☆ Cellphone Outage in Europe Leaves Many U.S. Travelers Disconnected
▼ + stars: | 2024-06-27 | by ( Derek M. Norman | More About Derek M. Norman | ) www.nytimes.com time to read: +1 min

Verizon told some of its customers on social media that it was also aware of the issue and that its teams were working with local providers to resolve it. A T-Mobile representative said the carrier was one of “several providers impacted by a third-party vendor’s issue that is intermittently affecting some international roaming service” and was also working to resolve it. George Lagos, a 70-year-old real estate developer from Dunedin, Fla., who is visiting the Greek island of Crete with his family, noticed yesterday that his T-Mobile cellular data was not working. For about 24 hours, he said, he was not able to reach the people he had made plans with, though luckily, they had already gone over the details together. “You know it’s an inconvenience, but it wasn’t a disaster,” said Mr. Lagos, whose service appeared to be restored by Thursday evening.

Persons: George Lagos, ”, Lagos’s Organizations: Verizon, Mobile Locations: Dunedin, Fla, Crete, Lagos

☆ 4 reasons to unify your financial technology
▼ + stars: | 2024-06-27 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

A unified financial technology platform enables 360-degree customer insights and AI innovation. But when it comes to financial technology, less is more: Too many technology platforms can make it challenging for businesses to leverage data and AI for financial payments and customer management. Here are four ways merchants can deliver a better customer experience by moving to a unified financial technology platform. Businesses can reduce this risk and save time by using a unified financial technology platform. Learn how Adyen can help your organization scale faster with unified financial technology.

Persons: Gayathri Rajan, Rajan, Adyen Organizations: Product, Adyen, Insider Studios Locations: Adyen

☆ The ongoing cyber-attack incident at CDK Global has crippled car dealerships for days
▼ + stars: | 2024-06-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +8 min

The latest attack to receive wide attention continues that trend: An ongoing cyber incident at CDK Global, whose software car dealerships use to manage everything from scheduling to records, has crippled dealerships for days now, with no clear end in sight. Experts say hackers are getting more sophisticated and can hide in an organization’s systems for longer undetected. These hackers target companies in a supply chain-style attack, taking down entire industries to leverage more money. “There’s never been a story written on a company that successfully paid a ransom, and then quickly recovered their systems,” Noonan said. Others say healthcare is targeted because of the field’s aging technology, Steven McKeon, founder and CEO of software companies MacguyverTech and MacNerd, said in a release.

Persons: New York CNN —, ” Dror Liwer, they’re, Liwer, ” Liwer, Eric Noonan, Noonan, “ Ransomware, ” Noonan, John Dwyer, “ There’s, Gabby Jones, Cliff Steinhauer, Steinhauer, ” Steinhauer, Steven McKeon, shutdowns Dwyer, —, CNN’s Sean Lyngaas Organizations: New, New York CNN, CDK, Healthcare, UnitedHealth, Coro, CNN, Binary Defense, Bloomberg, Getty, FBI, “ Auto, National Cybersecurity Alliance, Ascension Providence Rochester Hospital Locations: New York, St, Louis, cybersecurity, Detroit , Michigan

Bitcoin mining companies have expansive data centers, with access to fiber lines and large amounts of power across the U.S. They're exactly the types of facilities needed for compute-intensive AI operations, which means their sites and technology are in high demand. Core Scientific will deliver 70 megawatts of computing infrastructure to support CoreWeave's operations. Earlier this month, CoreWeave offered to buy Core Scientific for $1.02 billion, not long after their initial agreement. Core Scientific rejected the bid.

Persons: JPMorgan Chase, CoreWeave, Adam Sullivan Organizations: JPMorgan, Core, Nvidia

☆ Massive AT&T, T-Mobile and Verizon outage for US customers traveling abroad
▼ + stars: | 2024-06-27 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +1 min

AT&T, T-Mobile and Verizon confirmed to CNN that their customers are experiencing intermittent issues while traveling overseas. “We’re one of several providers impacted by a third-party vendor’s issue that is intermittently affecting some international roaming service,” a T-Mobile spokesperson told CNN. “We’re working with them to resolve it.”Meanwhile, Verizon told CNN about 30% of its customers’ calls and data connections from overseas are not going through right now. The issue stems from an international third-party communications provider called Syniverse, which manages international roaming connections for various carriers. “Since the onset of these issues, Syniverse has been working closely with our network partners to restore full service,” the statement said.

Persons: “, Syniverse, CNN’s Jordan Valinsky Organizations: CNN, Mobile, Verizon

☆ Contraception Is Free by Law. So Why Are a Quarter of Women Still Paying for It?
▼ + stars: | 2024-06-26 | by ( Alisha Haridasani Gupta | ) www.nytimes.com time to read: +1 min

Some experts estimate that those practices could affect access to birth control for millions of women. Since 2012, the Affordable Care Act has mandated that private insurance plans cover the “full range” of contraceptives for women approved by the Food and Drug Administration, including female sterilizations, emergency contraceptives and any new products cleared by the F.D.A. The mandate also covers services associated with contraceptives, like counseling, insertions or removals and follow-up care. That means that consumers shouldn’t have any associated co-payments with in-network providers, even if they haven’t met their deductibles. Medicaid plans have a similar provision; the only exception to the mandate are plans sponsored by employers or colleges that have religious or moral objections.

Persons: Bernie Sanders of, —, haven’t Organizations: Office, Affordable, Food and Drug Administration Locations: Bernie Sanders of Vermont

☆ ‘The Last Safe Abortion:’ Photos show a rarely seen side of abortion care work
▼ + stars: | 2024-06-26 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

Santoro’s death was one of many — all too many — which activists and healthcare workers sought to avoid by legalizing abortions and abortion care in the United States. Carmen Winant’s new photobook, “The Last Safe Abortion,” also seeks to memorialize the labor, advocacy and community-building of abortion care providers and women’s health care workers in the near-50-year period that the right to an abortion was legally protected across the US. “The Last Safe Abortion,” seeks to memorialize the labor, advocacy and community-building of abortion care providers and women’s health care workers in the near-50-year period that the right to an abortion was legally protected across the US. Carmen Winant/SPBH EditionsThough particularly salient at this time, Winant’s book isn’t a direct response to the Roe repeal, she told CNN. Notably, none show strife or confrontations with protestors, in contrast to the visual narratives that often surround abortion care.

Persons: Gerri Santoro, Santoro’s, Court’s Roe, Wade, Carmen Winant’s, ”, Carmen Winant, Roe, “, ” Winant, Winant, Emma Goldman, —, Harriet, ‘ Organizations: CNN, Magazine, Ohio State University, Modern, Emma Goldman Clinic, Chicago History Museum, Medical, Midwest, Clinic, Iowa, University of Iowa Locations: Norwich , Connecticut, United States, Chicago, Ohio

☆ Chronic loneliness puts older adults at risk for stroke, study suggests
▼ + stars: | 2024-06-26 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +6 min

And it may impact your stroke risk, according to a new study. This suggests that the biggest impact on stroke risk occurs over the long term. People who scored high on the loneliness scale both times they were surveyed had a much higher risk of stroke, the study said. And that feeling of loneliness is what the study found to be correlated to the increased risk of stroke, Soh said. “Make it be known that you are experiencing feelings of loneliness, and also identify what would be helpful for you specifically to address the feelings of loneliness,” Soh said.

Persons: ”, Yenee, Harvard T.H, Soh, Matt Pantell, Pantell, Edwin Tan, “, Vivek Murthy, ” Soh, Olivia Remes, Remes, Louise Hawkley Organizations: Lifeline, CNN, Department of Social, Behavioral Sciences, Harvard, of Public Health, Health, Center for Health, Community, University of California, University of Cambridge, Interact, Research Centers, University of Chicago Locations: Chan, San Francisco, United States, United Kingdom

But, not all AI startups are created equal. AdvertisementBusiness Insider surveyed nine VCs who invest in AI startups at firms like Bain Capital Ventures, Flybridge, and Sapphire Ventures. Startups building AI's "picks and shovels" are a better bet than yet another LLMStep aside, OpenAI and Anthropic. In contrast, unstructured data encompasses various formats such as text documents, images, audio files, emails, social media posts, and videos. Some AI investors say they're shying away from point solutions—think online payment processing or project management—in favor of full-stack solutions.

Persons: —, Harvey, Navin Chaddha, Chip Hazard, they're, Kahini Shah, there's, Rak Garg, Garg, Shah, Lauri Moore, Moore, Chaddha, Capital's Moore, she's Organizations: Service, Accel, Business, Bain Capital Ventures, Flybridge, Sapphire Ventures, Google, Meta, Mayfield Fund, Flybridge Capital Partners, Obvious, Investors, Obvious Ventures, Foundation, Dig Ventures Locations: Mayfield, Hazard, Flybridge

Learn moreThe July 4 UK election draws ever closer, and tonight's final televised debate between the two party leaders could be essential viewing. If you want to know how to watch the UK election debate online between Rishi Sunak (Prime Minister, Conservative Party) and Keir Starmer (Labour Party leader), we can get you ready in just a few clicks. How to watch UK election debate: quick links UK: BBC1 (FREE)BBC1 (FREE) Access the BBC from outside of the UK with ExpressVPN (try risk-free for 30 days)ExpressVPN (try risk-free for 30 days) When: Today, 3:15 p.m. ET / 8:15 p.m. BST / 9:15 p.m. CEST / 3:15 a.m. AWSTHow to watch UK election debate from outside the UKIf you're outside the UK right now, chances are the UK election debate isn't being broadcast on your local news channels. How to watch the Sunak vs. Starmer with a VPNSign up for a VPN if you don't have one.

Persons: Rishi Sunak, Keir Starmer, Laura Kuenssberg, Clive Myrie, ExpressVPN Organizations: Business, Conservative Party, Labour Party, BBC, CNN, BBC1, ExpressVPN

☆ ‘Months to correct, if not years’: Car dealerships and customers feel the impact as CDK outage drags on
▼ + stars: | 2024-06-25 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +7 min

“The financial impact it will directly have on us will take months to correct, if not years,” Callahan said. Tom McParland, the owner of Automatic Consulting, a national car buying service, said the outage was impacting customers because they have fewer dealers to choose from. “It limits the customer’s leverage.”Some dealers also can’t apply factory rebates without CDK’s software, so customers may miss out on money-saving deals. Under normal circumstances, the CDK software allows the dealership to register a vehicle almost instantaneously, but now the process faces heavy delays. He told CNN he was able to buy the car but was unable to sign the title.

Persons: Ryan Callahan, ” Callahan, CDK, Tom McParland, ”, McParland, Michael Deveney, “, ” Deveney, Katelyn Salvato, hasn’t, Salvato, …, We’ve, they’ve, Scott Campbell, Nicolas, CNN they’ve, Don Aycock, Robbie Jacob, Jacob, Tekion Organizations: New, New York CNN, Mazda, North America, Automatic Consulting, Midway Automotive, Massachusetts, of Motor Vehicles, Pride Motor Group, “, DMV, CNN, Massachusetts Department of Transportation, Capital City Buick GMC, Porsche, Buick, Diego —, Kia, Cox Automotive Locations: New York, Seekonk , Massachusetts, Lynn, Berlin , Vermont, Los Angeles, ”, Clay County , Florida, Diego

☆ New satellite will do double duty monitoring Earth and space weather
▼ + stars: | 2024-06-25 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —Forecasters will soon be able to see real-time mapping of lightning activity on Earth and keep a closer eye on solar storms unleashed by the sun thanks to a new weather satellite. The weather satellite lifted off aboard a SpaceX Falcon Heavy rocket from Kennedy Space Center in Florida at 5:26 p.m. What sets GOES-U apart from other satellites is that it’s carrying a new capability to keep an eye on space weather. The coronagraph will provide continuous observations of the solar corona, or the hot outer layer of the sun’s atmosphere, which is where space weather events originate, said Elsayed Talaat, director of NOAA’s Office of Space Weather Observations. The instrument’s capabilities will allow NOAA’s Space Weather Prediction Center to issue warnings and watches one to four days in advance and “mark a new chapter in space weather observatoions,” Talaat said.

Persons: ”, Ken Graham, Elsayed Talaat, ” Talaat, Steve Volz, ” Graham, Sullivan, Pam Sullivan Organizations: CNN, NASA, National Oceanic, Atmospheric Administration, Environmental, SpaceX, Kennedy Space Center, NOAA, National Weather Service, YouTube, GOES, Atmospheric Imaging, NOAA’s, Service Locations: Florida, Africa, New Zealand, Central, South America, Caribbean

☆ Cramer praises Gap's turnaround efforts — but says stay away from this corner of clean energy
▼ + stars: | 2024-06-25 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. "[CEO] Richard Dickson is doing a remarkable job" in turning the company around, Jim Cramer said. The CNBC Investing Club owns T.J. Maxx parent TJX Companies . The Investing Club owns fellow cloud computing providers Microsoft , Amazon and Alphabet . Boeing : The company is now planning an all-stock offer for troubled supplier Spirit AeroSystems instead of cash, The Wall Street Journal reported Tuesday.

Persons: Jim Cramer's, Cowen, Richard Dickson, Jim Cramer, He's, Cramer, AeroSystems Organizations: CNBC, Club, CNBC Investing Club, TJX Companies, Oracle, Investing Club, Microsoft, Corp, Boeing, Street

☆ David Einhorn is suing the former employee who claimed to be his head of macro. Here are the most eye-catching parts of Greenlight's lawsuit.
▼ + stars: | 2024-06-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +8 min

Read previewDavid Einhorn warned James Fishback he was on "thin ice" less than a year after hiring him. Einhorn's firm, Greenlight Capital, is suing his former analyst, Fishback, Tuesday evening in New York. Advertisement"And, since he had absolutely no authority or discretion whatsoever over Greenlight's macro investment portfolio, he was not responsible for generating any profits, let alone 'over $100 million' of profits." Threats to disrupt Greenlight's partner dinnerThe suit claims Fishback threatened to stand outside Greenlight's annual gathering of investors and service providers with letters that "maliciously and disingenuously called into question Greenlight's macro investing abilities." AdvertisementThe review showed that Fishback had "almost no work files saved on Greenlight's network drive, and had engaged in very little activity on Greenlight's computer system.

Persons: —, David Einhorn, James Fishback, Fishback, Greenlight, Greenlight — Fishback, Azoria, Fishback's, Bari, Einhorn Organizations: Service, Greenlight, Business, Azoria Partners, Citi Locations: New York, Greenlight

☆ U.S. probing China Telecom, China Mobile over internet and cloud risks, Reuters reports citing sources
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: +7 min

Routing through ChinaChina Telecom, China Mobile and China Unicom have long been in Washington's crosshairs. The FCC denied China Mobile's application to provide telephone service in 2019 and revoked China Telecom and China Unicom's licenses to do the same in 2021 and 2022 respectively. It cited at least nine instances where China Telecom misrouted internet traffic through China, putting it at risk of being intercepted, manipulated or blocked from reaching its intended destination. China Telecom has previously denied the government's allegations and told U.S. agencies that routing problems are common and occur on all networks. China Telecom did not respond to requests for comment about its U.S. based PoPs.

Persons: Peter Parks, Biden, China Unicom, Doug Madory, Bill Woodcock, Alibaba Organizations: HK, China Mobile, Peter, AFP, Getty, China Telecom, Authorities, Commerce Department, China, Commerce, Embassy, Reuters, Washington, Regulators, China China Telecom, FCC, U.S, Justice Department, PoPs Locations: China Mobile, China, Beijing, United States, Washington, crosshairs, U.S

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