DIRS.INFO The most relevant business & tech news

☆ 4 Takeaways From Our Homeowners Insurance Investigation
▼ + stars: | 2024-05-14 | by ( Christopher Flavelle | ) www.nytimes.com time to read: +1 min

One of the best and most recent examples is the insurance market. In response, they’re raising rates, squeezing homeowners already struggling with rising mortgage costs, and even abandoning some markets altogether. (Are you having trouble with your homeowners insurance? The health of the home insurance market is inextricably tied to the health of the broader economy. A broad downturn in the insurance industry could spill over into real estate values and hurt local tax revenue.

Persons: Dave Jones Organizations: University of California Berkeley Locations: California

☆ As Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Lose
▼ + stars: | 2024-05-13 | by ( Christopher Flavelle | Mira Rojanasakul | ) www.nytimes.com time to read: +28 min

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Colo. Colo. Mass. Iowa Iowa Neb. 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Colo. Colo. Mass. Iowa Iowa Neb. 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Colo. Colo. Mass.

Persons: Dave Langston’s, Langston, ”, Dave, Linda Langston, Conn ., S.D, N.M, “, Dave Jones, Carolyn Kousky, “ It’s, Sridhar Manyem, Bill Montgomery, Kristin Heiges, Eldon Neighbor, That’s, Tom O’Meara, Kelsey Kremer, Reinsurers, Doug Ommen, Brandi Mace Storm, David Storm, Tim Kuehner’s, Brandi Mace Storm’s, haggling, Pekin, Mace Storm, Susan Crisler, Tim Kuehner, Tony J, Larson, Chesleigh Fowler, Kelley Erstine, Mr, Erstine, ” Kevin Walters, California Colorado Utah Washington Matt Child, Matthew Baker, Ariz, ” Mr, Baker, Amy Bach, United, Dave Langston, Ommen, Tim Zawacki, Lyndsey Layton, Douglas Alteen, Claire O'Neill, Matt McCann Organizations: IOWA MINNESOTA SOUTH, COLORADO ARKANSAS, NEBRASKA COLORADO, SOUTH, New York Times, Ark . Iowa Ariz, Minn, La . Iowa Iowa Neb, Neb . Texas Idaho Ga, ND Iowa, S.D . Miss, Wash . Ohio Utah Wis, University of California Berkeley, Treasury Department, Environmental Defense Fund, State, NOAA, Celina Insurance, Secura Insurance, Secura, Homeowners, Swiss, Des Moines Register, Associated, “, Iowa, Iowa Minnesota Wisconsin, Pekin Insurance, Pekin, Christensen Group Insurance, Travelers, Nationwide, Indiana Ohio Michigan Illinois, . Arkansas Kentucky Florida Tennessee, Tennessee Department of Commerce and Insurance, ”, Washington, Wildfire, California Colorado, California Colorado Utah Washington, P Global Market Intelligence Locations: Iowa, IOWA MINNESOTA, IOWA MINNESOTA SOUTH DAKOTA NEBRASKA, COLORADO, COLORADO ARKANSAS KENTUCKY ILLINOIS, IOWA MINNESOTA SOUTH DAKOTA, NEBRASKA COLORADO ARKANSAS, KENTUCKY ILLINOIS, SOUTH DAKOTA NEBRASKA, COLORADO ARKANSAS, Iowa , Minnesota, South Dakota , Nebraska , Colorado , Arkansas , Kentucky, Illinois, Cedar Rapids, Cedar Rapids , Iowa, Marshalltown , Iowa, Florida , California, Louisiana, Iowa , Arkansas , Ohio, Utah, Washington, Colo, Mass, Colo . Calif, Calif, Colo . Ala, Colo ., Mont, Fla, Ark . Iowa, Colo . Ill, S.D, N.D, Conn, Del . Idaho Fla, Miss, Neb ., Ky, Ga, Hawaii Mont, N.M . Iowa Fla, Mont ., La . Iowa, Neb . Texas Idaho, ND, Md, Ill, Wyo, Ill . Idaho, . Ill, Minn, Ind, S.D . Vt, La . Texas Mont, Neb . NC, Neb . Mich, N.M, S.D ., Va . Ore . Ohio Mo . Texas, Tenn, Wash . Ohio Utah, Okla, Tenn . Utah, Wis, S.D . Va . Ore . Ohio Mo . Texas, California, American, U.S, Pennsylvania, Arizona, Wisconsin, United States, Marshalltown, Iowa Minnesota, Iowa Minnesota Wisconsin South Dakota, Celina, Pekin, Des Moines, Minnesota, Illinois , Indiana , Ohio, Illinois , Indiana, Michigan, Arkansas, Kentucky, Tennessee, . Arkansas Kentucky Florida, Georgia , Kentucky, Mississippi, Washington State, California Colorado Utah, Salt Lake City, Phoenix, Flagstaff, it’s, Gilbert, Seattle, Colorado, Florida’s, Central City , Iowa, Georgia

☆ See the pitch deck the ex-CEO of Symphony used to raise $13 million for Hive, a cloud startup taking on tech giants like Amazon and Microsoft
▼ + stars: | 2024-04-03 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

Like many other enterprise companies, Symphony was locked into its cloud providers as its tech stack became increasingly entwined with and dependent on the cloud companies' tools and software. Some of that computing power and storage comes from the major cloud providers themselves, by way of consumer devices, but they can also come from a company's own private cloud, Gurle said. On Wall Street, tech execs constantly look for new ways to keep cloud costs in check. This is reaching new heights thanks to the AI craze, with the construction of data centers wreaking havoc on rural communities. Here's the pitch deck Hive used to raise $13 million.

Persons: David Gurle, Gurle Organizations: Service, Symphony, Wall Street, Amazon Web Services, Google, Business, Oracle Labs, University of California, Hive, SC Ventures, Chartered, French Locations: University of California Berkeley, America

☆ SpaceX is poised to make rocket launches 10 times cheaper with Starship, experts say
▼ + stars: | 2024-03-18 | by ( Marianne Guenot | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

With its recent Starship mission, SpaceX is poised to cut launch costs 10-fold, said an expertThe firm flew its flagship mega-rocket to space without exploding on Thursday for the first time. AdvertisementSpaceX's Starship launch on Thursday didn't only look cool. SpaceX has already shaved launch costs downStarship-Super Heavy is the biggest launch system ever developed. AdvertisementA picture shows Starship fully stacked on its launchpad. "Lowering launch costs has always been the first step to unlocking broader, deeper sources of value from space," he said.

Persons: —, Elon, Brendan Rosseau, Abhi Tripathi, Elon Musk, Starship's, George Nield, Harvard's Rosseau, Tripathi Organizations: SpaceX, Service, Harvard Business School, Super, Mission, University of California, Space Sciences Laboratory, Space Shuttle, Space Transportation

☆ One of the top donors to a pro-Biden dark-money group is a nonprofit run by a little-known AI investor
▼ + stars: | 2024-03-10 | by ( Casey Tolan | ) edition.cnn.com time to read: +8 min

The second-largest donation in 2022 to the non-profit arm of Future Forward, the primary Super PAC supporting Biden, came from a group run by James McClave and Emily Berger. That’s more than any group other than the George Soros-linked Open Society Policy Center, which gave $15.2 million that year. That trend is set to continue this year: Future Forward has announced plans to run the largest ever political advertising campaign by a Super PAC in 2024. A spokesperson for Future Forward did not respond to a request for comment. The pro-Biden group Future Forward has said it plans to run the largest political advertising campaign by a Super PAC this year.

Persons: Joe Biden, James McClave, Emily Berger, Jane, McClave, Berger —, George Soros, Biden, they’re, “, ”, Anna Massoglia, Berger, Massoglia, ” Anna Massoglia, Janet Protasiewicz, Manhattan DA Alvin Bragg, Claude, Sam Bankman, Fried, Jane Street, Julia Nikhinson, Anita Dunn, Harris, It’s, ” Biden, Biden’s, Vox Organizations: CNN, PAC, Biden, —, Policy Center, Soros, League of Conservation Voters, Fund, Hopewell Fund, Super PAC, McClave, Democratic Party, Wisconsin Supreme, Manhattan DA, Securities and Exchange Commission, New York Stock Exchange, University of California, Bloomberg, FF PAC, White House, New York Times, Super, Commission, Forward, Center for Voter, Democratic, BEMC Foundation Locations: Manhattan, McClave, Wisconsin, Anthropic, University of California Berkeley, Manassas , Virginia

☆ Why isn’t the Supreme Court moving faster on Trump’s immunity challenge?
▼ + stars: | 2024-02-24 | by ( John Fritze | ) edition.cnn.com time to read: +8 min

CNN —When special counsel Jack Smith asked the Supreme Court to reject former President Donald Trump’s immunity claims there was an unmistakable hue of urgency to the request. It could grant Trump’s request and then hold arguments and decide the merits of the immunity issue – perhaps on an expedited basis. The Supreme Court can move quickly, at least by judicial branch standards. George Walker IV/APThe Supreme Court denied that request, allowing the appeals court to review the case first. US Supreme Court Justice Sonia Sotomayor participates in a conversation with University of California Berkeley Law Dean Erwin Chemerinsky on Monday, January 29.

Persons: Jack Smith, Donald Trump’s, Smith, Trump, ”, Steve Vladeck, Tanya Chutkan, Chutkan, ” Smith, Donald Trump, George Walker IV, Randall Eliason, “, ” Eliason, Sonia Sotomayor, Amy Coney Barrett, we’re, ” Barrett, ” Sotomayor, Barack Obama, don’t, Trump’s, Vladeck, Biden, University of California Berkeley Law Dean Erwin Chemerinsky Organizations: CNN, University of Texas School of Law, DC, Appeals, National Religious Broadcasters, Gaylord, Supreme, DC Circuit, George Washington University, National Governors Association, Trump, Democratic, Boy Scouts of America, Boy Scouts, Boy Scouts of, Department of Homeland Security, University of California Berkeley Law, Capitol Locations: Mexico, Boy Scouts of America, Texas

US law enforcement officials have also been closely monitoring the incident to determine if a federal crime was committed, a senior US official familiar with the matter told CNN. Tom Brenner/ReutersA longtime political consultant, Kramer worked for Kanye West’s 2020 presidential bid and has a history of producing robocalls. Phillips’ campaign said it had no knowledge of his reported involvement with the AI Biden call. He said that Kramer told him to delete all of the emails between the two of them, and that he did. As figures at the center of American political scandals go, Carpenter is certainly “eccentric” – a word he uses to describe himself.

Persons: Paul Carpenter –, –, Joe Biden’s, Carpenter, Dean Phillips, Biden, ”, “ I’m, Steve Kramer, Phillips, Kramer, Carpenter’s, Biden’s, Tom Brenner, Kanye, Phillips ’, robocalls, ” Phillips, Katie Dolan, ” Dolan, Hank Sheinkopf, Sheinkopf, CNN’s Jake Tapper, “ I’d, “, who’s, Donald Trump, Sen, Lindsey Graham of, ” Carpenter, he’s, didn’t, Bruce Kramer, Brandon Kizy –, Paul Carpenter, CNN “ Paul, Paul, ” Kizy, Hany Farid, we’ve, ” Liz Purdy, I’d, “ I’ve, ” CNN’s Alison Main, Allison Gordon, Isabelle Chapman, Yahya Abou, Ghazala Organizations: CNN, New, Minnesota Rep, Democratic, NBC News, Commission, Reuters, South, Republican, University of California Berkeley Locations: Orleans, New Hampshire, Texas, New York, Pennsylvania, South Carolina, Minneapolis, New Orleans, Lindsey Graham of South Carolina

☆ Why does gas cost more in California?
▼ + stars: | 2024-01-27 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

It adds about 10 cents of additional cost per gallon of gas, said Borenstein. Yet, in the fall of 2022, California gas prices shot up to a record high of nearly $6.50 per gallon after multiple refineries suffered outages. The shrinking number of oil refineries in California is another reason there’s a growing gap between California and the rest of the country’s gas prices. Those 11 refineries produce 90% of California’s gas and diesel fuel, according to California’s energy department. But Borenstein has another theory for why the price of gas is so much higher in California.

Persons: That’s, Severin Borenstein, Borenstein, Ronald Reagan, ” Reagan, David Paul Morris, ”, “, Patrick De Haan, ” Borenstein Organizations: Los Angeles CNN —, AAA, University of California Berkeley’s Haas School of Business, California Air Resources Board, Gov, Carrell, Act, Bloomberg, Getty, American Lung Association, US Energy Information Administration, Drivers, Shell, Mobil Locations: United States, California, Golden, Angeles, Los Angeles, San Francisco , California, Hawaii, Texas, Oklahoma, Louisiana, “ California, Chevron

☆ Top legal firms criticize law schools they hire from, accusing them of failing to address antisemitism on campuses
▼ + stars: | 2023-11-02 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

24 US law firms wrote to college deans, demanding that they tackle antisemitism on their campuses. The White House warned this week of an "alarming" rise in antisemitism on US college campuses. AdvertisementAdvertisementSome of the US' largest law firms have penned an open letter to law school deans, demanding that they address incidents of antisemitism on their campuses. This follows a call last month by a law professor from the University of California Berkeley who urged law firms not to hire students with antisemitic views. A number of Jewish college students are planning to sue several elite universities, including Cornell and Harvard, over a perceived inaction on antisemitism.

Persons: —, Kirkland, Latham, Watkins, Skadden, Sidley Austin, Morgan, Lewis, Gibson, Dunn, Patrick Dai Organizations: Service, University of California, Defamation, Cornell University, Cornell, Harvard, Columbia University, University of Pennsylvania Locations: University of California Berkeley, Israel, Gaza

Oct 26 (Reuters) - Ford (F.N) autoworkers were set to head back to work after the United Auto Workers (UAW) union reached a tentative labor deal with the company late Wednesday. Ford was the first of Detroit's Big Three car manufacturers to negotiate a settlement to strikes joined by 45,000 workers since mid-September. The UAW will now turn its attention to talks with General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI). The UAW told Ford workers now on strike to return to their jobs during the ratification process. That means production of Ford Super Duty pickups, Ford Bronco and Explorer SUVs and Ranger trucks could restart this week.

Persons: Ford, Harley Shaiken, Shawn Fain, Jim Farley, David Shepardson, Joseph White, Abhirup Roy, David Gaffen, Mark Porter Organizations: United Auto Workers, UAW, General Motors, Chrysler, Ford, University of California, GM, Ford Bronco, Thomson Locations: University of California Berkeley, Washington, Detroit

The UAW said another 5,000 workers are going on strike, bringing the total number of UAW members on strike at the Big Three automakers to over 45,000, on day 40 of the strike. The workers took the strike to Arlington Assembly, home to some of GM's most profitable vehicles, the Chevy Tahoe, Chevy Suburban, GMC Yukon and Cadillac Escalade. The union's strategy of targeted strikes has throttled billions in revenue for the Detroit Three while requiring fewer than half the 150,000 UAW members at the companies to forgo pay and walk picket lines. "It's time GM workers, and the whole working class, get their fair share." But he told UAW members "there is more to be won".

Persons: Rebecca Cook, Stellantis, we've, Shawn Fain, Fain, Harley Shaiken, Mary Barra, David Shepardson, Joe White, Ben Klayman, Sayantani Ghosh, Chizu Nomiyama, Peter Henderson Organizations: General Motors, REUTERS, United Auto Workers, UAW, Big, Arlington Assembly, Chevy Tahoe, Chevy, GMC Yukon, Cadillac, Kentucky, Chrysler, Detroit, EV, Ford, Korean, University of California, GM, Anderson Economic, Thomson Locations: Detroit , Michigan, U.S, Texas, Cadillac Escalade, F.N, Sterling Heights, Mich, University of California Berkeley, Arlington, Detroit

WAYNE, Mich. (AP) — Throughout its 5-week-old strikes against Detroit’s automakers, the United Auto Workers union has cast an emphatically combative stance, reflecting the style of its pugnacious leader, Shawn Fain. Officials at all three companies note that they have sweetened pay offers and offered numerous other concessions. Fain has even sought 32-hour work weeks for 40 hours of pay — a demand that even many union workers call unrealistic. In a departure from the style of past UAW leaders, Fain has insulted CEOs and publicly revealed the companies' pay offers. Parker, whom Fain tapped to be an assistant, says he feels sure Fain has a plan to end the strike.

Persons: WAYNE, Shawn Fain, Fain, they've, “ He’s, ”, Harley Shaiken, he’s, Ford, Dawn Krunzel, Krunzel, haven't, “ I'm, Doc Killian, Bill Ford, Killian, ” Killian, “, Bernie Sanders, Paul Nicodemus, Nicodemus doesn't, “ Shawn, ” Nicodemus, Bill Parker, Parker, ” Parker, Brian Rothenberg, Rothenberg Organizations: Detroit’s automakers, United Auto Workers, UAW, Toyota, University of California, General Motors, GM, Ford's, Ford, Facebook, Indiana, Taylor High School, Chrysler, Delco, “ Locations: Mich, University of California Berkeley, Toledo , Ohio, Ford's Michigan, Wayne, Detroit, Kokomo

Fain acknowledged some union members want to vote on the offers the union bargainers have in hand. He urged UAW members not to give in to what he called "fear, uncertainty, doubt and division" sowed by the companies. More than 34,000 union members working at the three automakers are on strike since the walkouts began on Sept. 15. The demand included a 20% immediate increase, elimination of different pay scales among UAW workers and restoration of defined benefit pension plans. The GM offer "suggests we may be in the endgame," said University of California Berkeley labor professor Harley Shaiken.

Persons: Rebecca Cook, Shawn Fain, Fain, General Motors GM.N, Harley Shaiken, Ford, We've, Stellantis, Ford hasn't, Shaiken, it's, Tesla, Bill Ford, Joseph White, Ben Klayman, Pratyush Thakur, Sayantani Ghosh, Sriraj Kalluvila, Peter Henderson, David Gregorio Our Organizations: General Motors, REUTERS, Rights, United Auto Workers, UAW, General, Chrysler, GM, Ford, Bloomberg News, Detroit Three, of California, Ford's, Toyota, Anderson Economic, Detroit, Thomson Locations: Detroit , Michigan, U.S, of California Berkeley, Kentucky, Arlington , Texas, Detroit, Bengaluru

☆ Israel-Hamas war fuels debate and nationalist sentiment on Chinese social media
▼ + stars: | 2023-10-19 | by ( Chris Lau | ) edition.cnn.com time to read: +9 min

“The lack of condemnation of Hamas by Chinese officials gives it support,” she said. As an increasing number of China watchers and Israeli scholars pointed out the rise in antisemitic sentiment in China, some Chinese diplomats appeared to have taken note. The Israeli diplomatic outpost has been active on Chinese social media, Lavi, from the Diane & Guilford Glazer Israel-China Policy Center told CNN. China bans foreign social media platforms and censors comments deemed marginally sensitive by the Chinese Communist Party. “Many comments also highlight China’s peace-making efforts and draw parallels between the suffering of the Palestinian people and China’s own historical experiences with colonization.”

Persons: Hong Kong CNN —, Yuval Waks, ” Waks, Waks, “, Beijing’s, Wang Yi, Israel, Antonio Guterres, Israel “, Adolf Hitler, Xiao Qiang, ”, Xiao, Lavi, Diane, Guilford Glazer, Hua Chunying, ’ “, Mohammed Al, Masri, Noa Argamani, ” Wendy Zhou, Mao, Zhou Organizations: Hong Kong CNN, Palestinian, Hamas, Weibo, Embassy, United Nations, UN, School of Information, University of California, China Policy Center, Israeli Embassy, Diane, CNN, Shifa, Ahli Baptist Hospital, Reuters, Georgia State University, Chinese Communist Party, Israel, Palestine, Palestinian Authority Locations: China, Hong Kong, Israel, Gaza, Beijing, Israeli, Weibo, United States, University of California Berkeley, Guilford Glazer Israel, Shanghai, Al, Ahli, Gaza City

☆ A Berkeley law professor is telling law firms not to hire his antisemitic students
▼ + stars: | 2023-10-17 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

A Berkeley law professor wrote in a WSJ op-ed that law firms shouldn't hire his antisemitic students. AdvertisementAdvertisementA law professor from the University of California Berkeley is telling law firms not to hire his antisemitic students. "Legal employers in the recruiting process should do what Winston & Strawn did: treat these law students like the adults they are. If a student endorses hate, dehumanization or anti-Semitism, don't hire him," Solomon wrote in the op-ed, published on Sunday. Solomon is a corporate law professor who specializes in business law as well as law and economics.

Persons: Steven Davidoff Solomon, —, Winston, Strawn, Solomon, Bill Ackman, wouldn't, Israel, Shearman, Sterling, Deringer Organizations: Service, University of California, New York University, Hamas, Harvard University, Harvard Palestine Solidarity Groups, Harvard, Justice, University of Pennsylvania, Columbia University Locations: Berkeley, Israel, Palestine, Palestinian, Gaza

[1/5] Bill Ford, executive chairman of Ford Motor Company, speaks at their Rouge Visitor Center in Dearborn, Michigan, U.S. October 16, 2023. "We can stop this now," Ford said of the strike that expanded last week to shut down the Kentucky Truck plant. The UAW's walkout at Kentucky Truck, Ford's largest and most profitable assembly operation globally, "harms tens of thousands of American workers," Ford said. On Friday, UAW President Shawn Fain accused Ford of trying to game the talks with inadequate offers and insisted Ford sharply boost compensation. On Thursday, a senior Ford executive said the automaker was "at the limit" of what it can spend on higher wages and benefits for the UAW.

Persons: Bill Ford, Jeff Kowalsky, Ford, Henry Ford, Shawn Fain, Jim Farley's, Fain, Farley, Harley Shaiken, Stellantis, Joseph White, David Shepardson, Ben Klayman, Franklin Paul, Grant McCool, David Gregorio Our Organizations: Ford Motor Company, Rouge Visitor, Ford Motor Co, REUTERS, Acquire, Rights, Monday, United Auto Workers, UAW, Ford, General Motors, Chrysler, Toyota, Honda, Kentucky, University of California, GM, Thomson Locations: Dearborn , Michigan, U.S, Rights DEARBORN , Michigan, Kentucky, University of California Berkeley, Dearborn

[1/5] Bill Ford, executive chairman of Ford Motor Company, speaks at their Rouge Visitor Center in Dearborn, Michigan, U.S. October 16, 2023. "We can stop this now," Ford said of the strike that expanded last week to shut down the Kentucky plant. UAW President Shawn Fain replied with a statement warning Ford that the union could "close the Rouge" with a strike. The UAW's walkout at Kentucky Truck, Ford's largest and most profitable assembly operation globally, "harms tens of thousands of American workers," Ford said. On Friday, Fain accused Ford of trying to game the talks with inadequate offers and insisted Ford sharply boost compensation.

Persons: Bill Ford, Jeff Kowalsky, Ford, Shawn Fain, Fain, We’ve, Henry Ford, Jim Farley, Harley Shaiken, Shaiken, Stellantis, Joseph White, David Shepardson, Ben Klayman, Franklin Paul, David Gregorio, Grant McCool Organizations: Ford Motor Company, Rouge Visitor, Ford Motor Co, REUTERS, Acquire, Rights, Monday, United Auto Workers, UAW, Ford, General Motors, Chrysler, Detroit Three, Anderson Economic Group, AEG, Toyota, Honda, U.S, Kentucky, University of California, GM, Thomson Locations: Dearborn , Michigan, U.S, Rights DEARBORN , Michigan, Kentucky, American, Stellantis, East Lansing , Michigan, University of California Berkeley, Dearborn

☆ How a California hedge fund bulldozed the state's labor laws to impose some of the harshest noncompetes on Wall Street
▼ + stars: | 2023-10-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +23 min

That's partly why so few quantitative trading firms reside in California, whose labor-friendly laws have long favored employee mobility and competition. Exhibit A: The Voleon Group, a prominent quantitative-trading firm based in Berkeley, California, that manages about $5 billion in assets. The hedge fund has bulldozed past state prohibitions to not just impose noncompetes, but impose some of the harshest noncompetes in the entire industry, according to seven former employees, industry experts, and documents detailing the firm's restrictive covenants. Like so many other quant-trading firms, Voleon took care to protect its edge. Other employees Insider spoke with have a less generous view, with several describing the company as stingy — a third ex-employee bemoaned the company as "notoriously cheap" on compensation.

Persons: Kathy Hochul's, haven't, Michael Kharitonov, Jon McAuliffe, Shaw, — Kharitonov, McAuliffe, Voleon, —, Harry Lipman, Rottenberg Lipman Rich, Lipman, bemoaned, noncompetes, Martin Wainwright, Howard Aiken, Wainwright, hasn't, It's, Jessica Riggin, Rukin Hyland, Riggin, specter, James Hannaway, Sanford Heisler Sharp, Hochul, Rob Bonta, Sen, Anna Caballero, foisting, Caballero, Voleon's Organizations: New, Gov, University of California, Stanford, UC Berkeley, Wall Street, Google, Citadel, Sigma, That's, Big Tech, Darwin, MIT, Berkeley, California, Labor Locations: New York, California, Berkeley , California, University of California Berkeley, Berkeley, Voleon, Delaware, Washington ,

☆ Major tests await conservative US Supreme Court in new term
▼ + stars: | 2023-10-01 | by ( John Kruzel | ) www.reuters.com time to read: +5 min

WASHINGTON (Reuters) - Monday marks the first day of the U.S. Supreme Court’s new term as it prepares to tackle major cases involving gun rights, the power of federal agencies, social media regulation and Republican-drawn electoral districts, and considers taking up a dispute over the availability of the abortion pill. FILE PHOTO: A police officer patrols outside the U.S. Supreme Court in Washington, U.S. June 30, 2023.? The conservative justices in multiple rulings in recent years have pared back the authority of federal agencies including the Environmental Protection Agency. A case to be argued on Nov. 7 presents the conservative justices with an opportunity to broaden gun rights even further. Circuit Court of Appeals in its ruling barred telemedicine prescriptions and shipments of mifepristone by mail.

Persons: Jim Bourg, ” “, ”, Erwin Chemerinsky, Steve Schwinn, Roe, Wade, Joe Biden’s Organizations: WASHINGTON, U.S, Supreme, Consumer Financial Protection Bureau, Securities and Exchange Commission, SEC, Chevron, University of California Berkeley Law School, Environmental Protection Agency, ” University of Illinois, South, Republican, House, Circuit, Appeals Locations: U.S ., Washington , U.S, Iowa, Chevron, ” University of Illinois Chicago, South Carolina, Texas, Florida, New Orleans

☆ Supreme Court charts rightward path in new term
▼ + stars: | 2023-09-28 | by ( John Kruzel | ) www.reuters.com time to read: +5 min

People line up in the rain outside of the U.S. Supreme Court in Washington April 29, 2014. Circuit Court of Appeals, whose staunch conservatism rivals that of the Supreme Court. The justices this term could hear five or more appeals of 5th Circuit rulings. The cases test whether the Supreme Court will go as far as the 5th Circuit. "My instinct is that the Supreme Court will not go this far in most of these cases," Chemerinsky said.

Persons: Gary Cameron, Joe Biden's, Amy Coney Barrett, Donald Trump's, Erwin Chemerinsky, Chemerinsky, Roman Martinez, John Roberts, pare, Martinez, Steve Schwinn, Schwinn, John Kruzel, Andrew Chung, Will Dunham Organizations: U.S, Supreme, REUTERS, Rights, Financial Protection Bureau, Securities and Exchange Commission, SEC, Democratic, New, Circuit, Republican, University of California Berkeley Law, Constitution, Congress, University of Illinois, Thomson Locations: Washington, New Orleans, U.S, University of Illinois Chicago, Texas, New York

☆ Guns, agency power cases loom as US Supreme Court charts rightward path
▼ + stars: | 2023-09-28 | by ( John Kruzel | ) www.reuters.com time to read: +5 min

People line up in the rain outside of the U.S. Supreme Court in Washington April 29, 2014. Circuit Court of Appeals, whose staunch conservatism rivals that of the Supreme Court. The cases test whether the Supreme Court will go as far as the 5th Circuit. "My instinct is that the Supreme Court will not go this far in most of these cases," Chemerinsky said. "I think the 5th Circuit has taken positions that the most conservative justices will accept, but I would be surprised to see a majority for these positions."

☆ Beware Tech Billionaires Building Brand New Cities - The New York Times
▼ + stars: | 2023-09-17 | by ( Molly Turner | ) www.nytimes.com time to read: +3 min

But with so many tech investors at the helm who are eager to pilot new technologies like flying cars, I’m not optimistic. It’s challenging to transform our existing cities and to pilot new tech solutions on our streets. Wouldn’t it be easier to test new technologies, business models and government structures in cities free of pesky people? Market them to people who choose to join and see what the world learns.”But, these new cities are never really built from scratch. Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram.

Persons: Technotopians, they’ve, they’re, That’s, Lonsdale, Solano, They’ve, ” John Garamendi, we’ll, Molly Turner Organizations: Democrat, Haas School of Business, University of California, New York, Facebook, Twitter Locations: Toronto, Polynesia, Solano County, University of California Berkeley, ”

NEW YORK (AP) — Shares of U.K. chip designer Arm Holdings rose 10% in their stock market debut, in what is the largest initial public offering of shares in nearly two years. Arm's offering is an important development for the IPO market, which has seen relatively few companies go public the past two years. Nearly 400 companies went public in 2021 as the stock market rallied for a third straight year, according to IPO tracker Renaissance Capital. Arm was previously a public company from 1998 to 2016. Goldman is one of the lead underwriters for the Arm IPO, as well as an offering from grocery delivery service Instacart, expected next week.

Persons: It's, Goldman Sachs, Rivian, Masayoshi Son, Softbank, Son, Rene Haas, Haas, Goldman, ___ Kageyama Organizations: Arm Holdings, Nasdaq, Renaissance, Federal Reserve, SoftBank, Nvidia, University of California, underwriters Locations: University of California Berkeley, IPOs, Wall, Tokyo

☆ A paralyzed woman couldn't speak for more than 20 years. With AI, now she can — just by thinking.
▼ + stars: | 2023-09-11 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

A development in neurotechnology has given a stroke survivor her voice back after nearly 20 years. The woman had a brain stem stroke that left her paralyzed and unable to speak at age 30. Her new implant uses AI to decode brain signals and convert them to computerized speech. AdvertisementAdvertisementThe neurotechnology uses artificial intelligence to decode the woman's brain signals while she tries to speak. It's amazing I have lived this long; this study has allowed me to really live while I'm still alive!"

Persons: Ann Johnson, Johnson, hasn't, Dr, Edward Chang, Chang, Neuroengineering, didn't, I'm Organizations: Service, Nature, University of California San, University of California, of California San, UCSF, UCB, Austria's, Bio, German Research Foundation, United Nations Locations: neurotechnology, Wall, Silicon, University of California San Francisco, University of California Berkeley, of California San Francisco, UCSF, Austrian, United

☆ Talal Ansari — Reporter at The Wall Street Journal
▼ + stars: | 2023-09-09 | by ( Talal Ansari | ) www.wsj.com time to read: +2 min

Talal AnsariTalal Ansari is a reporter at The Wall Street Journal, covering U.S. news. He covers the news of the day while also working on exclusives and deeply reported stories. Prior to joining the Journal, Talal was a reporter for BuzzFeed News in New York City for four years, working on the investigative reporting team before moving to breaking news, covering everything from hate crimes to hurricanes. After leaving, Talal went into journalism and has worked at organizations such as Al Jazeera, the Los Angeles Daily News, and The Indian Express. Talal has a master's degree in long-form investigative journalism from the University of California Berkeley Graduate School of Journalism.

Persons: Talal Ansari Talal Ansari, Talal, Adnan Syed’s, Jameis Winston, Al Jazeera Organizations: Wall Street, BuzzFeed News, NFL, FBI, U.S . Citizenship, Immigration Services, American Mosaic Journalism, Knight Media, American, Los Angeles Daily News, Indian, University of California Berkeley Graduate School of Journalism, Columbia University Locations: Baltimore, America, Covid, New York City, U.S, Los Angeles

Search resuls for: "of California Berkeley"

25 mentions found