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☆ Inside Sam Bankman-Fried's $35 million crypto frat house in the Bahamas
▼ + stars: | 2023-10-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +11 min

Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Lawyers for the U.S. Attorney's office entered into evidence photos featuring Sam Bankman-Fried and his fellow co-workers at their shared $35 million Bahamian penthouse. In his testimony, Yedidia recalled a group Signal thread labeled "People of the House," which referred to Bankman-Fried's $35 million penthouse. Zoom In Icon Arrows pointing outwards Exhibit from the prosecution shows Signal thread called "People of the House," referring to Bankman-Fried's $35 million penthouse, where many employees lived.

Persons: Sam Bankman, Fried, Gary Wang, Adam Yedidia, Caroline Ellison, She's, somethings, Lewis Kaplan, Yedidia, it's, Ryan Salame, Joseph Bankman, Barbara Fried, Bankman, John Ray, Ray, Tiger Woods, Justin Timberlake, Michael Lewis, Lewis, napping, Mark Cohen, FTX, Ellison, hadn't Organizations: U.S, Southern, of, Lawyers, Alameda Research, Massachusetts Institute of Technology, MIT, SDNY, Bankman, Alameda, New Providence, FTX, Enron, Capitol, Prosecutors Locations: Bahamas, Manhattan, He's, of New York, Bankman, FTX, Alameda, Hong Kong, Caribbean, New Providence, New, U.S, Albany, oceanside

WASHINGTON (AP) — President Joe Biden’s second attempt at student loan cancellation is moving forward with a round of hearings beginning Tuesday to negotiate the details of a new plan. In a process known as negotiated rulemaking, 14 people chosen by the Biden administration will meet for the first of three hearings on student loan relief. Their goal is to guide the Education Department toward a proposal after the Supreme Court rejected Biden’s first plan in June. The negotiators all come from outside the federal government and represent a range of viewpoints on student loans. That plan would have canceled up to $20,000 in federal student loans for borrowers with incomes below $125,000 or couples below $250,000.

Persons: Joe Biden’s, Biden, Biden’s, rulemaking, “, didn't, Miguel Cardona, —, ”, ” Biden Organizations: WASHINGTON, Education Department, NAACP, Higher, The Education Department, Republicans, Associated Press, Carnegie Corporation of New, AP Locations: Carnegie Corporation of New York

☆ School spirit days are great for students — even if they stress parents out
▼ + stars: | 2023-10-09 | by ( Ana Homayoun | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementMany of us remember the school spirit days of simpler times: Pajama Day, Wacky Wednesday, Superhero Day, or Ugly Sweater Day. I see the benefits in kidsWhen I was in high school, I avoided anything but the most basic attempts at school spirit. AdvertisementAdvertisementAfter attending a university with unabashed school spirit and spending over two decades as an academic advisor to middle school, high school, and college students, I've seen the many ways school spirit days can have a positive impact on connection, collaboration, and creativity. At a time when so many students feel isolated among peers, school spirit days can facilitate community bonding by increasing interaction and engagement. For elementary school students, focusing on a few school spirit days with a simple theme that do not require last-minute costume shopping reduces adult overwhelm.

Persons: I, —, I've, Catherine Bagwell, Henry, togetherness Organizations: Service, Palo Alto High, Paly

☆ Gas prices are less of a factor behind consumers switching to EVs, Barclays says
▼ + stars: | 2023-10-06 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The Barclays study focuses on consumers purchasing Tesla EVs rather than other makes. "[I]n previous years, consumers who bought EVs were spending more on gas prior to their purchase than consumers in recent years," Zhu said. "This suggests that new EV buyers are willing to buy an EV even at lower levels of gas expenditure, and that EV demand will stay higher than before even if gas prices decline." "Our U.S. Barclays credit card data show consumers with lower gas expenditures are now more willing to buy EVs than previously," Zhu said. "In recent years, EV buyers were already spending less on gas prior to their EV purchase than EV buyers in previous years."

Persons: Joy Zhu, Tesla, Zhu, — CNBC's Michael Bloom Organizations: Barclays, U.S, EV, Volkswagen, Volvo Locations: Germany

☆ I was making $800K at Meta before quitting. Here's how I significantly increased my compensation and why I left.
▼ + stars: | 2023-10-04 | by ( Rahul Pandey | ) www.businessinsider.com time to read: +10 min

In 2017, I joined Facebook (now known as Meta) as a senior engineer and worked there for almost five years. My compensation at Meta rapidly increased to more than $800,000 a year. AdvertisementAdvertisementComing in as a senior engineer — a level E5 at Facebook — I felt pressure to become independent and start contributing quickly. I thought that asking for help would "out" me as someone who didn't deserve to be a senior engineer. This is a critical part of being a senior engineer and beyond (staff or principal engineer).

Persons: Rahul Pandey, Pandey, —, Pinterest, Taro, Rahul, It'd, Rahul Pandey's, doesn't, stagnate Organizations: Meta, Service, Stanford, Facebook, Cambridge, Big Tech Locations: Silicon Valley, Meta

In his opening statement, Rehn said Bankman-Fried used more than $10 billion in FTX customer funds to amass his own wealth, power and influence. But Rehn said FTX collapsed because of Bankman-Fried's plundering of FTX customer cash. According to prosecutors, Bankman-Fried installed Ellison, his sometime romantic partner, as a "front" to lead Alameda in 2021. "In reality he was still calling the shots at Alameda," Rehn said. But Bankman-Fried's lawyer said that handing over the reins was normal as FTX grew and took up his time.

Persons: Sam Bankman, Attorney Thane Rehn, Jane Rosenberg REFILE, Fried, Thane Rehn, Mark Cohen, Rehn, Cohen, Zhao, FTX, duping, Caroline Ellison, Ellison, Jody Godoy, Luc Cohen, Amy Stevens, Matthew Lewis Organizations: U.S, Attorney, Federal Court, REUTERS, Alameda Research, Alameda, Bankman, Thomson Locations: Bankman, FTX, New York City, U.S, Bahamas, Alameda, New York

☆ Donald Trump and Kim Kardashian weren't rich enough to make Forbes' list of the richest Americans
▼ + stars: | 2023-10-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

To make Forbes' 2023 list of the 400 richest Americans, you needed a net worth of $2.9 billion. Forbes' released its annual ranking of the 400 richest Americans on Tuesday, and Trump didn't make the cut. Kardashian, the wealthiest member of the Kardashian-Jenner family with a net worth of $1.7 billion, also didn't make the list. In business, Tim Cook and Sheryl Sandberg, each with an estimated net worth of $1.8 billion, both missed the cut. The top 20 richest Americans are richer than ever before, collectively worth $1.9 trillion, according to Forbes.

Persons: Forbes, didn't, Donald Trump, Oprah Winfrey, Evan Spiegel, —, Kim Kardashian, Tim Cook, Sheryl Sandberg, Trump, Kardashian, Jenner, Jay, LeBron James, Oprah didn't, Charles Munger, Ted Turner, Reid Hoffman, Marc Andreessen, Elon Musk Organizations: Service, Trump, Apple, Forbes, Berkshire Hathaway's, CNN Locations: New York

NEW YORK (AP) — U.S. health officials plan to endorse a common antibiotic as a morning-after pill that gay and bisexual men can use to try to avoid some increasingly common sexually transmitted diseases. The proposed CDC guideline was released Monday, and officials will move to finalize it after a 45-day public comment period. Doxycycline, a cheap antibiotic that has been available for more than 40 years, is a treatment for health problems including acne, chlamydia and Rocky Mountain spotted fever. That kind of antibiotic resistance hasn't materialized in San Francisco, but it will be important to watch for, Cohen said. ___The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group.

Persons: ”, Jonathan Mermin, Mermin, Stephanie Cohen, —, Taimur Khan, Khan, Cohen Organizations: —, Centers for Disease Control, CDC, New, of Medicine, Fenway Health, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: — U.S, “, Boston, San Francisco

☆ Police fined a car owner after a speed camera appeared to show a dog behind the wheel
▼ + stars: | 2023-09-30 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

A photograph taken by a speed camera in Slovakia appeared to show a dog behind the wheel of a car. Police said the vehicle owner claimed that his dog had suddenly jumped onto his lap. AdvertisementAdvertisementPolice in Slovakia have fined the owner of a car after a speed camera appeared to show a dog behind the wheel. The image captured by a speed camera appears to show only a dog in the driver's seat. AdvertisementAdvertisementA 31-year-old man, who was actually driving the vehicle, claimed that his dog had suddenly leapt onto his lap, according to the police.

Persons: —, hadn't Organizations: Police, Service, Facebook, USA Locations: Slovakia, Šterusy

☆ The MIND diet is touted for its brain-boosting benefits—but can it really lower risk of dementia?: What a neurologist thinks
▼ + stars: | 2023-09-30 | by ( Renée Onque | ) www.cnbc.com time to read: +2 min

Certain lifestyle factors can lower your chances of developing dementia, from physical activity to brain-stimulating exercises and even the foods you incorporate in your diet. This may sound very similar to popular diets like the Mediterranean diet and the DASH diet, and researchers thought so, too. 1 best diet for 2023The MIND diet definedThe MIND diet is the Mediterranean-DASH Intervention for Neurodegenerative Delay Diet, which was coined in a 2015 study led by nutritional epidemiologist Martha Clare Morris. Researchers discovered that people who adhered to the Mediterranean and DASH diets had better levels of cognitive functioning compared to people who didn't follow those diets. These are the foods that are included in the MIND diet, as listed in The Nutrition Source: Whole grainsVegetables, especially green, leafy onesNutsBeansBerriesPoultryFishOlive oil The MIND diet also encourages you to limit your consumption of these foods: Pastries and sweetsRed meatCheeseFried foodsButter/Margarine'We have to be more holistic'

Persons: Hussein Yassine, Yassine, Martha Clare Morris Organizations: Keck School of Medicine, University of Southern, CNBC, New York Times, Harvard, Chan's, Public Locations: University of Southern California

☆ MLB roundup: Brewers clinch NL Central despite loss to Cards
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +10 min

Brewers starter Adrian Houser (7-5) allowed four runs on three hits in five innings, striking out five and walking two. Aaron Nola pitched 6 2/3 innings and allowed four hits and one run with eight strikeouts and no walks. Red Sox starter Tanner Houck (5-10) allowed seven runs (six earned) on 10 hits over three innings. White Sox starter Jose Urena (0-7) allowed seven runs (four earned) and four hits in four innings. Los Angeles starter Bobby Miller (11-4) allowed two runs on seven hits and no walks while striking out nine in seven innings.

Persons: Miles Mikolas, Michael McLoone, Drew VerHagen, Ryan Helsley, Adrian Houser, Carlos Santana, Johan Rojas, Rojas, Brandon Marsh, Aaron Nola, Jeff Hoffman, Henry Davis, Bryan Reynolds, Mitch Keller, Matt Wallner, Alex Kirilloff, Donovan Solano, Christian Vazquez, Seth Brown, Connie Mack, Nolan Jones, Brendan Rodgers, Chase Anderson, Tyler Kinley, Jason Heyward, Caleb Ferguson, Elly De La Cruz, De La Cruz, Christian Encarnacion, Strand, TJ Friedl, Spencer Steer, Cleveland's Bo Naylor, Kole Calhoun, Andres Gimenez, Gunnar Henderson, Kyle Bradish, Yennier Cano, Josiah Gray, Keibert Ruiz, Luis Garcia, Akil Baddoo, Parker Meadows, Spencer Torkelson, Jason Foley, Salvador Perez, Nick Pratto, Nick Loftin, Zack Greinke, Austin Wells, Clay Holmes, Jordan Romano, Kevin Gausman, Manuel Margot, Rene Pinto, Zach Eflin, Enmanuel Valdez, Harold Ramirez's, Jonathan Aranda, Valdez, Tanner Houck, Seiya Suzuki, Sean Murphy, Suzuki, Matt Olson, Drew Smyly, Brad Hand, Raisel Iglesias, Christian Walker, Ketel Marte, Marte, Eloy Jimenez, Andrew Benintendi, Andrew Vaughn, White, Jose Urena, Freddie Freeman, James Outman, Max Muncy, Enrique Hernandez, Bobby Miller, Elehuris Montero, Charlie Blackmon, Ryan Feltner, Brandon Drury, Reid Detmers, Michael Stefanic, Eduardo Escobar, Corey Seager, Bruce Bochy, George Kirby, Ty France, Cal, Cristian Javier, Juan Soto, Seth Lugo, Lugo, Josh Hader, Wilmer Flores, John Brebbia, Soto's, Soto, Ryan Walker Organizations: Louis Cardinals, Milwaukee Brewers, Milwaukee, Brewers, National League Central, Chicago Cubs, Atlanta, Cards, Phillies, Pirates, Philadelphia, Pittsburgh, Athletics, Minnesota, Oakland, American League Central Division, Twins, Philadelphia Athletics, Rockies, Dodgers, Colorado, Los Angeles, Reds, Cincinnati, Orioles, Baltimore, AL East, Nationals, Washington, Tigers, Royals, Detroit, Kansas, Royals . Kansas City, Yankees, Blue Jays, New York, Toronto, Rays, Red Sox, Tampa Bay, Boston, The Rays, Boston . Red Sox, Braves, Cubs, Chicago, NL, Miami Marlins, New York Mets, Diamondbacks, White Sox, Arizona, Angeles, Los, The Dodgers, Rangers, Detmers, Mariners, Astros, Seattle, Houston, Kirby, Padres, Giants, Thomson Locations: Milwaukee , Wisconsin, USA, Milwaukee, Minneapolis, Oakland, Los, Denver, Cleveland, Washington, Chicago . Arizona, Colorado, Los Angeles, Angeles, Texas, Anaheim , Calif, Houston, Cal Raleigh, France, Diego, San Francisco

[1/8] Former U.S. President and Republican presidential candidate Donald Trump addresses auto workers as he skips the second GOP debate, in Clinton Township, Michigan, U.S., September 27, 2023. "Donald Trump is lying about President Biden's agenda to distract from his failed track record of trickle-down tax cuts, closed factories, and jobs outsourced to China," Biden's campaign said in a statement while Trump spoke. The UAW has to date not backed either presidential candidate, making it the only major union not to endorse Biden. The UAW leadership has welcomed Biden's support, however, and spoken about Trump and his record in scathing terms. Promising to end the government's EV push if elected, Trump urged the UAW to back him in the presidential race.

Persons: Donald Trump, Rebecca Cook, autoworkers, Trump, Joe Biden's, Ron DeSantis, Chris Christie, Donald Duck, Biden, charlatan, Biden's, Jason Roe, Roe, Nathan Layne, Kanishka Singh, Jason Lange, Joe White, Ross Colvin, Deepa Babington Organizations: U.S, Republican, GOP, REUTERS, Former U.S, America's, New, United Auto Workers union, General Motors, Chrysler, Ford, Trump, Republican Party, UAW, Thomson Locations: Clinton Township , Michigan, U.S, Former, Detroit, Florida, New Jersey, China, Michigan, Pennsylvania, Wisconsin, It's, Wilton , Connecticut, Singh, Washington

☆ The Big Yawn: You really think the FTC will win against Amazon?
▼ + stars: | 2023-09-27 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

Insider has asked Apple, Google and Amazon for comment on various antitrust allegations in the past. But consumers don't pay for Google Search. The results of a Google search Alistair Barr/Insider/GoogleThe Amazon situation is similar. Marketpulse estimated earlier this year that Amazon sellers pay more than 50% of their revenue to Amazon in fees now. The results of an Amazon search Alistair Barr/Insider/AmazonEven Apple does this in its App Store.

Persons: —, Mark Schlisky, didn't, Lina Kahn, haven't, Vail, Alistair Barr, superstores, Burton Organizations: FTC, Amazon, DOJ, Google, Apple, Service, Bernstein, Big Tech, Ikon, Epic's, Epic, Vail Resorts

☆ Meta and Salesforce are looking to re-hire some workers they just laid off. It's putting those people in an awkward spot.
▼ + stars: | 2023-09-24 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

Companies like Meta, the parent of Facebook, and Salesforce are bringing back some of the workers they let go . In some cases where the layoffs were conducted reasonably well, a return might be something former workers would consider. Whether to return is a question some former Salesforce workers are likely asking. She said workers considering returning to a former employer might ask themselves questions such as: Why was I laid off? Now it's tech workers' turn.

Persons: Sandra Sucher, Harvard Business School who's, Sucher, they'd, Salesforce, Marc Benioff, —, Salesforce execs, What's, who'd, lockdowns, it's, ChatGPT Organizations: Big Tech, Service, Companies, Meta, Facebook, Harvard Business School, Bloomberg, Workers, LinkedIn Locations: Wall, Silicon

The Afghan man speaks only Farsi, but he wasn't worried about representing himself in U.S. immigration court. Mohammad said he was later shocked to learn that he had waived his right to appeal the decision. ____For his April 27 hearing, Mohammad submitted photos of his injuries from the 2016 suicide bombing that killed hundreds at a peaceful demonstration of mostly Hazaras. ___Former immigration judge Jeffrey Chase, who reviewed the transcript, said he was surprised John-Baptiste waived Mohammad’s right to appeal and that the Board of Immigration Appeals upheld that decision. But Andrew Arthur, another former immigration judge, said John-Baptiste ruled properly.

Persons: Mohammad, wasn’t, ”, Mona Iman, Iman, Biden, Mohammed, noncitizens, Judge Allan John, Baptiste, hadn't, John, he'd, ” John, ” Mohammad, “, Mohammad didn't, I’m, He'd, Jeffrey Chase, Mohammad’s, Chase, Andrew Arthur, ” Arthur, he's, they're, ” Iman, Elliot Spagat Organizations: Border Patrol, Associated Press, AP, Human, Mohammad, Prairieland Detention, . Immigration, Customs Enforcement, Immigration Appeals, Center for Immigration Studies, Trump, U.S Locations: Afghanistan, United States, Hazara, Texas, Mexico, Alvarado , Texas, Europe, South America, Syracuse, Houston, San Francisco, U.S, Pakistan, Brazil, Panama's, Darien, North Carolina, San Diego

UNITED NATIONS (AP) — Pakistan’s interim prime minister said he expects parliamentary elections to take place in the new year, dismissing the possibility that the country’s powerful military would manipulate the results to ensure that jailed former premier Imran Khan’s party doesn’t win. Kakar resigned as a senator last month after outgoing Prime Minister Shehbaz Sharif and opposition leader Raza Riaz chose him as caretaker prime minister to oversee the elections and run the day-to-day affairs until a new government is elected. “The most important player in this dispute is the Kashmir people," Kakar said. “It is neither India or Pakistan,” but the Kashmiri people who "have to decide about their identity" and their future. It’s just a divine blessing.”By law, he can’t contest the elections when he’s interim prime minister, but Kakar said in the future he hopes “to play a constructive political role in my society.”

Persons: —, Imran Khan’s, Haq Kakar, Khan, Kakar, Shehbaz Sharif, Raza Riaz, ”, ” Kakar, Imran Khan, I’m, that’s, — Kakar, Karar, “ Organizations: UNITED NATIONS, Associated Press, United Nations, NATO, Taliban, Islamic Locations: Pakistan, Kashmir, India, “, Ukraine, Europe, North America, Afghanistan, Islamic State, Kabul, Pakistan's

☆ You may hate high interest rates and home prices, but many boomers have reason to celebrate
▼ + stars: | 2023-09-23 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +6 min

High home prices and interest rates have created many challenges for young Americans. These trends have been driven by the combination of high home prices and interest rates. By pushing up the number of renters, high home prices help keep young Americans' rent prices high. For young Americans, there's not a whole lot to like about high interest rates. Elevated rates not only contribute to the high mortgage rates that have helped make homeownership so expensive but also make credit-card debt all the more costly.

Persons: —, boomers, Xers, there's Organizations: Service, National Association of Realtors, Atlanta Fed, Federal, Federal Reserve, New, Boomers, US, Treasury Locations: Wall, Silicon, New York

☆ MLB roundup: Corbin Carroll makes rookie history as D-backs roll
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +13 min

Willi Castro homered and had two hits and two runs scored, Christian Vazquez had a double among his two hits. However, he surrendered six runs on seven hits. Giolito (8-14) allowed four runs (three earned) on seven hits over 5 1/3 innings, walking three with six strikeouts. Senga (12-7), a standout MLB rookie after playing pro ball in Japan from 2012 to 2022, allowed seven hits, two walks and two runs with three strikeouts. He held the Cardinals to one run on four hits in six innings while striking out four and walking two.

Persons: Corbin Carroll, Matt Kartozian, Phoenix . Carroll, Merrill Kelly, Ketel Marte, Christian Walker, Gabriel Moreno, Logan Webb, Mauricio Dubon, Danny Coulombe, Yainer Diaz, Chas McCormick, Dubon, Ryan Pressly, Jorge Polanco, Hunter Greene's, Willi Castro, Christian Vazquez, Jhoan Duran, Griffin Jax, Alexis Diaz, Bryson Stott, Stott's, A.J, Minter, Nick Castellanos, Kevin Gausman, Michael King, Ji Man Choi, San Diego, Luis Garcia, Josh Hader, Brendan Rodgers, Hader, Chase Anderson, Brandon Drury, Nolan Schanuel, Andrew Wantz, Reid Detmers, Manuel Margot, Isaac Paredes, Yandy Diaz, Aaron Civale, Lane Thomas, Washington's Joey Meneses, Dominic Smith, CJ Abrams, Josiah Gray, Andrew Vaughn, Nelson Velazquez, Velazquez, Lucas Giolito, Angel Zerpa, Joshua Palacios, Connor Joe, Joe, Jared Triolo, Ke'Bryan Hayes, Justin Steele, Mitch Keller, Adam Duvall, Bobby Dalbec, Brayan Bello, Jonah Heim, Mitch Garver, Marcus Semien, Josh Jung, Evan Carter, Reese Olson, Tyler Nevin, Carson Kelly, Kerry Carpenter, Olson, Max Muncy, Bobby Miller, Mark Vientos, Brandon Nimmo, Luis Arraez, Jake Burger, Burger, Dominic Canzone, George Kirby, Canzone, Joey Estes, Julio Rodriguez, Cal Raleigh, Estes, Josh Donaldson, Tyrone Taylor, Louis, Mark Canha, Adrian Houser, Zack Thompson Organizations: Arizona Diamondbacks, San Francisco Giants, Chase, Diamondbacks, Arizona, Giants, Chicago Cubs, National League West, Los Angeles Dodgers, Astros, Orioles, Houston, American League West, Baltimore, AL East, Tampa Bay, Rays, Reds, Cincinnati, Minnesota, Kansas City, American League Central, Phillies, Braves, Philadelphia Phillies, Atlanta Braves, National League East, Blue Jays, Yankees, Toronto, Texas Rangers, Seattle Mariners, American League, Padres, San, Rockies, Los Angeles, Tampa, White Sox, Chicago, Nationals, Royals, Cleveland, Cubs, Pittsburgh, Pirates, Rangers, Red Sox, Boston, Texas, Tigers, Dodgers, Detroit, Los, National League, Mets, Marlins, Miami, New, MLB, NL, Mariners, Athletics, Seattle, Oakland, Seattle's, AL West, Houston Astros, Cal, Triple, Brewers, Cardinals, National League Central, Thomson Locations: Phoenix , Arizona, USA, Phoenix ., Minnesota, Toronto, New York, Bronx, Colorado, St . Petersburg, Fla, Tampa, Tampa Bay, Washington, Kansas, Texas, Arlington , Texas, Boston, Los Angeles, California, South Florida, Japan, Miami, Milwaukee

☆ Morgan Stanley says AI and gig work could add $400 billion to the economy by 2030. Here are the 4 buy-rated stocks that will benefit, and the brands that could be challenged.
▼ + stars: | 2023-09-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

A survey conducted by the investment bank showed that younger or college-educated respondents believed that generative AI could help alleviate some of these gaps. The survey also showed that AI tools are making gig work more profitable. Those turning to the technology reported a 21% boost in income from using generative AI relative to their peers who didn't use it. Amazon (AMZN) is helping lay the foundation for developers and enterprises to build generative AI applications through its platform Bedrock, accessible through its web services cloud. Below is an extended table that shows the brands Morgan Stanley believes will benefit or be challenged by the intersection of gig work and generative AI.

Persons: Morgan Stanley, Gen Z, X, Gen, Morgan Stanley's, they've, Morgan, Keith Weiss, Phillips, Brian Nowak, Gary Yu, Yu Organizations: IBM Locations: Bridgewater, Booking.com

☆ GOP senator who's friends with Fetterman says she 'very much' disagrees with the new dress code despite not signing on to her party's letter slamming the change
▼ + stars: | 2023-09-21 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Just 3 GOP senators did not sign onto a letter condemning the new Senate dress code. That includes Sen. Katie Britt, who's good friends with Sen. John Fetterman. But the Alabama senator says she "very much" disagrees with the change anyway. "When I walked in that day, his energy and demeanor was totally different," Britt told the Associated Press of her hospital visit. "I very much disagree with Senator Schumer's unilateral change to the Senate dress code," said Britt.

Persons: Sen, Katie Britt, who's, John Fetterman, Chuck Schumer, Democratic Sen, John Fetterman of, Josh Hawley, Mike Braun, Indiana, Braun, Alabama, Britt, Schumer's, —, Fetterman Organizations: Senate, Service, Republican, Democratic, Capitol, Pennsylvania, Associated Press Locations: Alabama, Wall, Silicon, John Fetterman of Pennsylvania, Missouri

☆ Meet Airbnb's official party pooper, who reduced partying by 55% in two years
▼ + stars: | 2023-09-19 | by ( Hayden Field | ) www.cnbc.com time to read: +15 min

In this article ABNB Follow your favorite stocks CREATE FREE ACCOUNTNaba Banerjee, Airbnb Source: Prashant Joshi | AirbnbNaba Banerjee is a proud party pooper. In June, the company was sued by a family who lost their 18-year-old son in a shooting at a 2021 Airbnb party. Airbnb's party problem was complex, and in some ways, she didn't know where to start. There's just one problem: Airbnb's AI system is working against you from the second you sign on. Zoom In Icon Arrows pointing outwards Airbnb's reservation screening system in action.

Persons: Naba Banerjee, Prashant Joshi, Airbnb Naba Banerjee, she's, It's, Banerjee, —, Airbnb, Nate Blecharczyk, strategizing, Covid, she'd, He'd, riskiest, They're, Brian Chesky, he'd Organizations: Airbnb, Day, Labor, CNBC, Australia Locations: Australia, Airbnbs, North America, Kolkata, India, U.S, Canada, Asia, Texas

☆ RIP iPhone mini: Apple is no longer selling the smaller smartphone now that the iPhone 15 is here
▼ + stars: | 2023-09-18 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

The iPhone 13 mini is no longer available on Apple's website ahead of the iPhone 15 release. On the bright side, the regular iPhone 13 is still available, and it's now $100 cheaper. Up until last Monday, you could go onto Apple's website and pick between the iPhone 13 and iPhone 13 mini, according to the Wayback Machine. The iPhone 13 mini cost about $100 less than the iPhone 13, $599 versus $699. It's even cheaper than the 13 mini was at $429 and has a smaller screen that's 4.7 inches.

Persons: you've, could've, Max Organizations: Service, Wayback, Apple Locations: Wall, Silicon

☆ Salesforce is hiring over 3,000 people, despite axing 10% of staff in brutal job cuts earlier in 2023
▼ + stars: | 2023-09-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Salesforce will look to hire around 3,000 new employees, CEO Marc Benioff told Bloomberg this week. The company announced plans to lay off 10% of its staff earlier this year in a major cost-cutting effort. Benioff is now urging former staff who joined other firms to return to the company. Millham told Bloomberg: "We have some very successful parts of our business right now, and we want a surge in those areas." Benioff told Bloomberg that he is hoping to attract significant numbers of "boomerangs" — employees who previously worked at Salesforce and moved to other firms — to return to the company in the new hiring drive.

Persons: Marc Benioff, Brian Millham, Millham, Ashley Stewart, Benioff Organizations: Bloomberg, Service, Bloomberg News, Employees Locations: Wall, Silicon, San Francisco, Salesforce

Sept 14 (Reuters) - Russian retailer Magnit (MGNT.MM) said on Thursday it had fully completed a deal to buy back blocked shares from Western investors at a 50% discount by purchasing shares held through Euroclear, the first such arrangement since Russia's February 2022 invasion of Ukraine. Magnit said it had bought back 21,903,163.8 shares from shareholders, representing about 21.5% of all issued and outstanding shares at an amount of around 48.5 billion roubles ($507.32 million). "Magnit's GDR program depositary bank, JP Morgan Chase Bank, also took part, as well as international investors," Magnit said, such as hedge funds, sovereign wealth funds and individuals. Magnit had tripled the size of its original offer after strong demand from Western investors. Russia's presidential office is currently reviewing a request from oil major Lukoil (LKOH.MM) to buy back up to 25% of its shares from foreign investors.

Persons: Magnit, Russia's, Magnit's, JPM, JP, Alexander Marrow, Gareth Jones Organizations: Reuters, Nordic, Magnit, Euroclear Bank, RIC, Kremlin, JPMorgan, JP Morgan Chase Bank, Thomson Locations: Euroclear, Ukraine, Russian, Italy, Singapore, Japan, Canada, Australia, United States, United Kingdom, Germany, Magnit, Russia, Uzbekistan, Magnit's Moscow, Washington, GDR

☆ For Western firms, the risk of leaving Russia could be higher than staying
▼ + stars: | 2023-09-11 | by ( Greg Kennedy | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesA wave of Western companies exited Russia promptly after Moscow's invasion of Ukraine. For firms wishing to quit, amid heavy reputational and financial damage, the prospect of leaving is becoming harder with time. Nabi Abdullaev, a partner at Control Risks and former editor of the Moscow Times, told CNBC: "Some companies decide to stay because the risk of leaving Russia, at this moment at least, is higher than the risk of staying." Western companies that remain in the country are able to continue doing business because, despite sanctions, numerous transactions and activities are still authorized. In comparison, sanctions on Iran and North Korea are a far more severe environment for Western companies to operate within.

Persons: Nabi Abdullaev, Abdullaev, Vladimir Putin, Maria Shagina, Philip Morris, Heineken, Shagina Organizations: Bloomberg, Getty, Moscow Times, CNBC, Companies, Carlsberg, Danone, International Institute for Strategic Studies, Unilever, Nestle, PepsiCo, Research, Heineken, Russian Arnest, Kyiv School of Economics Locations: Moskva, Moscow, Russia, Ukraine, Russian, UniCredit, Raiffeisen, Ukrainian, Iran, North Korea

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