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A Vox story on Saturday said the company could take back vested equity if departing employees did not sign a non-disparagement agreement. "For a company to threaten to claw back already-vested equity is egregious and unusual," California employment law attorney Chambord Benton-Hayes told Vox. AdvertisementOn Saturday, OpenAI CEO Sam Altman said on X, "Vested equity is vested equity, full stop." We have not and never will take away vested equity, even when people didn't sign the departure documents. Not signing "could impact your equity," OpenAI told one of them, per Vox.
Persons: , Chambord Benton, Hayes, Vox, Sam Altman, Altman, Kelsey Piper's, OpenAI execs, Jason Kwon, Kwon, OpenAI, i've, Scarlett Johansson Organizations: Service, Equity, Business, Vox Locations: California, Vox
Nikki Haley said she'll vote for Trump but says he needs to reach out to her supporters. Trump faces challenges with suburban voters, John Dorman reported and needs to woo Haley voters. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer UN Ambassador Nikki Haley exited the GOP presidential primary on March 6 but pointedly declined to endorse the frontrunner and now-presumptive nominee, former President Donald Trump, saying he needed to win over her voters. This story is available exclusively to Business Insider subscribers.
Persons: Nikki Haley, John Dorman, Haley, , Donald Trump Organizations: Trump, Service, GOP, Hudson Institute, Trump —, Business
Meta formed a product advisory council six months after disbanding its Responsible AI division. Four white male tech execs sit on the new council, called Meta Advisory Group. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMeta announced the formation of a product advisory council on Wednesday, six months after it disbanded its Responsible AI division. The Meta Advisory Group consists of four executives: payment platform Stripe CEO Patrick Collison, former GitHub CEO Nat Friedman, Shopify CEO Tobi Lütke, and former Microsoft executive Charlie Songhurst.
Persons: Meta, , Patrick Collison, Nat Friedman, Shopify, Tobi Lütke, Charlie Songhurst Organizations: Meta, Service, Microsoft, Business
Read previewAt least 75 of Alaska's brooks and streams have been turning a dirty orange likely due to thawing permafrost, with some rivers so impacted that the discoloration can be seen via satellite, a new study says. Rivers and lakes typically have a pH value of 6.5 to 8, and acid rain has a pH value of 4.2 to 4.4. Jon O'Donnell/National Park Service"These findings have considerable implications for drinking water supplies and subsistence fisheries in rural Alaska," researchers wrote. The 75 orange streams observed were scattered across northern Alaska over a span of about 600 miles, the study said. AdvertisementAn orange tributary joins the Kuguroruk River in Alaska.
Persons: , Jenny McGrath, Jon O'Donnell, Joshua Koch, Biden Organizations: Service, Business, Geological Survey Scientists Locations: Rivers, Kobuk, Alaska
The US Air Force just released more photos of the B-21 Raider, its newest stealth bomber. The long-range aircraft is working through flight testing in California. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US Air Force on Wednesday published more photos of its newest stealth bomber, the B-21 Raider, as the penetrating strike aircraft continues to work through flight testing. The photos, captured in January and April, show the sleek-looking new bomber in the middle of its testing — consisting of ground testing, taxiing, and flight operations — at California's Edwards Air Force Base.
Persons: Organizations: US Air Force, Pentagon, Service, Edwards Air Force Base, Business Locations: California
Getting an internship with a top bank like Goldman Sachs is getting harder. This year, just 0.9% of the applicants made the cut — a new record. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Though internship programs at the firm have always been competitive, this year marks a new level of selectivity. This story is available exclusively to Business Insider subscribers.
Persons: Goldman Sachs, , Goldman Organizations: JPMorgan, Service, Business
TikTok announced layoffs in its operations and marketing departments, staffers told The Information. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. TikTok informed employees this week it plans to lay off a large number of people from its operations, content, and marketing departments, unnamed staffers told The Information, which on Tuesday was the first to report the news. Impacted employees will be notified on Wednesday night or Thursday morning, according to The Information's report. This story is available exclusively to Business Insider subscribers.
Persons: TikTok, Organizations: Service, Business Locations: TikTok
Ukraine is mounting rockets onto its naval drones, an official told the Financial Times. It's used them to strike Russian positions in occupied Mykolaiv, the official told the FT.A video of a reported attack shows a sea drone firing several rockets toward Russian targets. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUkraine has placed rockets onto its feared sea drones and is using them to attack Russian land targets, according to a Ukrainian official. In a post on X, citing an unnamed Ukrainian intelligence official, Christopher Miller, the Financial Times' Ukraine correspondent, said that sea baby naval drones are now being mounted with a Grad multiple launch rocket system.
Persons: It's, , Christopher Miller Organizations: Financial Times, Service, Business Locations: Ukraine, Mykolaiv
Neom canceled a desalination project worth $1.5 billion, according to a report. Enowa, a Neom subsidiary, told Meed it's water requirements had evolved. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA project to build a $1.5 billion water desalination plant in the Saudi Arabian desert city of Neom appears to have been scrapped. A consortium made up of Neom subsidiary Enowa, Japan's Itochu, and France's Veolia had agreed to develop the plant in December 2022.
Persons: Neom, Meed, , Japan's Itochu Organizations: Service, Veolia, Business Locations: Saudi Arabia, Saudi, Neom
Buying a house gets even more expensive
  + stars: | 2024-05-22 | by ( Geoff Weiss | ) www.businessinsider.com   time to read: +1 min
Home prices climbed to record highs for April, according to the National Association of Realtors. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHome prices reached record highs in April, a new report from the National Association of Realtors found. The median price of an existing home climbed 5.7% year over year in April to $407,600, keeping pressure on prospective homeowners already dealing with high interest rates. The association said it's the 10th month in a row of year-over-year increases and the highest-ever tally for the month of April.
Persons: , it's Organizations: National Association of Realtors, Service, Business
This led to me making and selling icons and wallpapers, which was my first experience making money online. I decided not to go to university and instead make money onlineDespite my parents' typical concerns about formal education, I convinced them to give me a year to try making money online before considering university. AdvertisementMy themes became popular, and in 2014, I was approved to sell them on Tumblr's official online store, which significantly increased my income. I expanded my income streams after leaving the startupI started an online store called ULX Store in 2018 to sell my designs and other products. My approach to online business emphasizes starting with one main income stream and then using the earnings from that to diversify into other areas.
Persons: , Oliur Rahman, wouldn't, Plasso, I'm Organizations: Service, Business, XDA Developers, GoDaddy, YouTube Locations: Dubai
Soaring temperatures in Mexico are causing monkeys to fall dead from trees. Dehydration killed the monkeys "within a matter of minutes," biologist Gilberto Pozo told the AP. Research has shown that extreme heat, on average, cost the global economy $16 trillion between 1993 and 2013. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Up to 85 howler monkeys were found dead in Tabasco in southeast Mexico, where temperatures this week are forecast to surpass 113 degrees Fahrenheit, Reuters reported, citing local media.
Persons: Gilberto Pozo Organizations: AP, Research, Service, Reuters, International Union for Conservation of, Business Locations: Mexico, Tabasco
Six US cities have been ranked as having world-leading economic vitality by the Oxford Economics Global Cities Index. But while they perform well on economic factors, the cities fall down on governance and quality of life. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . However, according to the latest Global Cities Index from research group Oxford Economics, six US cities are still the leading "engines of the global economy." This story is available exclusively to Business Insider subscribers.
Persons: , exoduses Organizations: Oxford Economics, Service, Oxford, Dallas, Business Locations: York, Los Angeles, San Jose, Seattle, San Francisco
Massachusetts' new tax on the wealthy generated $1.8 billion, exceeding expectations. The increased revenue comes amid high-income earners leaving the state. AdvertisementMassachusetts' new tax on the wealthy has become a bigger boon for the state than expected. It could help make up for the loss of high-income earners in recent years. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Boston Globe, Business Locations: Massachusetts
Several new emojis have been proposed for addition to your devices' operating systems. They're up for approval later this year and after that, would reach your phones likely in 2025. From a tired face with eyebags to a leafless tree, here's a closer look at the 7 new emoji. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . There are seven new emoji being put up for approval before the emoji body Unicode Consortium later this year.
Persons: eyebags, Organizations: Service, Business
Certain searches get responses that are nonsensical or downright wrong. Google said the examples were "extremely rare queries, and aren't representative of most people's experiences." AdvertisementGoogle promised a sweeping overhaul to its ubiquitous search at I/O last week — but users are already pushing its limits. Rather than giving you a list of third-party web pages, the new Google search function creates a new box with conversational answers culled from across the web and fueled by generative AI. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Google, Service, Business
I tried beef hot dogs from Nathan's, Sabrett, Applegate, and Ball Park. Ball Park had the thickest frank, but I thought Applegate's organic hot dogs packed the most flavor. I didn't think Sabrett's less-than-flavorful hot dogs warranted their higher price tag. The months between Memorial Day and Labor Day are recognized as "hot dog season" by the sausage industry. According to the National Hot Dog and Sausage Council, Americans consume roughly 7 billion hot dogs during this time and produce roughly $614 million in hot-dog sales.
Persons: Applegate, Organizations: Ball, Service, Day, Labor, Sausage Council, Business
Tesla's Fremont, California, plant suffered a 2-alarm commercial fire Monday evening. The Fremont Fire Department reported no injuries and is investigating the cause. The Tesla Fremont factory has seen several fires over the years. AdvertisementOn Monday evening, a 2-alarm commercial fire occurred at Tesla's Fremont factory, which has experienced several fires over the past decade. Per a press release from the Fremont Fire Department, the fire "started inside an oven" and was extinguished "within less than an hour of crews arriving at the scene."
Persons: Tesla's, Tesla, Organizations: Fremont Fire Department, Tesla Fremont, Service, Business Locations: Tesla's Fremont , California, Tesla's Fremont
Read previewCollege basketball player and content creator Connor Printz scored over 100 NIL deals — short for name, image, and likeness — while playing at Claremont McKenna College. From that moment on, Printz was on the hunt for more NIL deals and used several tactics to gain more brand sponsorships. He said he's secured more than 100 NIL deals to date. He said the staff were "shocked" when he disclosed to Claremont McKenna in January 2023 that he'd had over 50 NIL deals. AdvertisementThe email and DM template Printz used to land over 100 NIL dealsPrintz uses a similar outreach template when he contacts brands over email or DM.
Persons: , Connor Printz, Printz, he's, Claremont McKenna, he'd, didn't, Connor Printz @iamconnorprintz Organizations: Service, Claremont McKenna College, CVS, Reebok, Business, Claremont, Clif Locations: Opendorse, Los Angeles
We have two dogs, and we love buying Kirkland Signature dental chews for them. AdvertisementMy husband and I both work from home full-time and Costco has been one of our favorite stores since we became members in 2018. Technically, we're DINKWADs (double income, no kids, with a dog), except we have two dogs. And, according to data analyzed by Business Insider, we're among the upper-class households in our state — the income threshold to be in that category is $192,692. This story is available exclusively to Business Insider subscribers.
Persons: , we're DINKWADs Organizations: Costco, Kirkland, Service, Business Locations: New Jersey
Nvidia CEO Jensen Huang said the company's newest AI chip will start shipping next quarter. The Blackwell chip is twice as fast Nvidia's current Hopper chip. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In a gangbusters earnings call on Wednesday, Nvidia CEO Jensen Huang laid out an accelerated timeline for the deployment of Blackwell, the company's newest AI chip that is twice as fast as Nvidia's current iteration and boasts five times the AI performance. Huang unveiled the Blackwell chip earlier this year in March, but the company has been working on its production for some time now, he said this week.
Persons: Jensen Huang, Blackwell, Huang, Organizations: Nvidia, Hopper, Service, Business
Nory, an Irish startup, has raised $16 million in Series A funding led by Accel. Founded in 2020, Nory uses AI to help restaurants manage payroll, inventory, and more. AdvertisementNory, an Irish startup that provides an operating system for restaurants, has raised $16 million in funding. Its SaaS platform aims to bring various business functions, such as payroll, inventory, supply chains, and customer satisfaction in "one place," founder Conor Sheridan told Business Insider. This story is available exclusively to Business Insider subscribers.
Persons: , Conor Sheridan, Jamie Oliver Organizations: Accel, Service, Jamie Oliver Group, Business Locations: Irish, Europe
A Ukrainian commander said his unit was forced to watch as Russia amassed troops across the border. He said they weren't allowed to attack them with US-supplied weaponry, per the Times of London. If the US had lifted its ban, they could've taken out the troops and stopped an attack, he said. AdvertisementA Ukrainian commander operating near the Russian border described how his unit watched as Russia amassed a huge force but had to wait for the troops to cross the border to hit them. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Times, Business Locations: Russia, London
The company that insisted it owned the rights to Graceland told the AP it is withdrawing its claim. Elvis Presley's granddaughter Riley Keough had accused the company of fraud and forging documents. AdvertisementA bizarre legal battle over who actually owns Elvis Presley's Graceland estate came to an end on Wednesday, leaving the iconic site in the hands of the King of Rock and Roll's family. The company insisting it owned the deed to Graceland said it'll withdraw its claim on the estate, the Associated Press reported. Hours earlier, a Tennessee court had ruled in favor of Elvis' granddaughter, actor Riley Keough, who had been fighting to keep the property.
Persons: Graceland, Elvis Presley's, Riley Keough, , King, it'll, Elvis Organizations: Service, Associated Press, Business Locations: Keough's, Tennessee
The Apple Music team has released its list of the top 100 albums of all time list. AdvertisementApple Music has released its list of the best albums of all time, and it's dividing the internet. The music streamer released its top 100 albums over several days, and the top spot was revealed Wednesday morning. "The Miseducation of Lauryn Hill," released in 1998 by Lauryn Hill, is ranked No. 1, according to Apple Music.
Persons: , Lauryn Hill, Hill, Michael Jackson, Frank Ocean Organizations: Apple Music, Service, Business
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