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Pop quiz: Which of these is not a new hotel chain? A) SparkSpark B) StudioResStudioRes C) GarnerGarner D) TempoTrick question. All of them are brands introduced by big hotel companies this year. (Extra credit if you know which name falls under which corporate umbrella.)
Persons: Garner Garner
Elon Musk wants to raise up to $1 billion for his AI startup xAI, according to an SEC filing. AdvertisementElon Musk is looking to raise up to $1 billion to help fund his AI startup xAI. And this isn't Musk's first foray into AI: Years before the billionaire launched xAI, Musk actually cofounded OpenAI with Sam Altman in 2015. But in 2018, Musk left OpenAI because his offer to run the company was rejected, he's said. It comes as there's a lot of money sloshing around AI: OpenAI has reportedly been seeking a share sale that could value it at $90 billion.
Persons: Elon Musk, xAI, , Elon, ChatGPT, Bard, Meta, Grok, Twitter —, Musk, Sam Altman, he's, Altman, OpenAI, xAI didn't Organizations: SEC, Service, Microsoft, Google, Twitter, Securities and Exchange Commission Locations: , OpenAI
In testimony before a House committee, the university leaders said there was a fine line between protecting free speech and allowing protests, while also combatting antisemitism. “Harvard must provide firm leadership in the fight against antisemitism and hate speech even while preserving room for free expression and dissent. This is difficult work, and I admit that we have not always gotten it right,” said Claudine Gay, of Harvard. In recent weeks, the federal government has opened investigations into several universities — including Penn and Harvard — regarding antisemitism and Islamophobia on campus. Rep. Bobby Scott of Virginia, the committee's ranking Democrat, criticized Republicans for “stoking culture wars” while claiming to be combatting discrimination on campus.
Persons: , , Claudine Gay, ” Gay, Liz Magill, Sally Kornbluth, ” Magill, Virginia Foxx, Bobby Scott of Virginia, Scott Organizations: WASHINGTON, Harvard, University of Pennsylvania, Massachusetts Institute of Technology, “ Harvard, Penn, MIT, The Education Department, Education, Workforce, intersectionality, ” Rep, Republicans, Education Department, Civil, , Associated Press, Carnegie Corporation of New, AP Locations: Israel, North Carolina, Carnegie Corporation of New York
The attack has highlighted a growing risk for miners in the Andean nation, the world's no. "Security is now one of the main costs," Poderosa corporate affairs manager Pablo de la Flor told Reuters after the attack. Thousands of trucks of illegal gold were taken out, it said. "There is a black market for minerals," said Gustavo Ramirez, who studies illegal mining for SNMPE. Illegal miners are estimated to produce around another 30 tons.
Persons: Cristobal Bouroncle, Rights LIMA, Pablo de la Flor, De la Flor, Saturday's, la Flor, Poderosa, Gustavo Ramirez, Marco Aquino, Alexander Villegas, Marguerita Choy Organizations: Rights, Reuters, National Society of Mining, Petroleum, Energy, Peru's Ministry of Energy, Mining, Ministry of Energy, Mines, Thomson Locations: Madre de Dios , Peru, Peru, Pataz, India, Switzerland, Canada, Bolivia
Michael Stipe Is Writing His Next Act. Slowly.
  + stars: | 2023-12-03 | by ( Jon Mooallem | ) www.nytimes.com   time to read: +3 min
entered its epoch of megasuccess, beginning with the explosion of “Losing My Religion” in 1991, Stipe had learned to manage his limitations. posted a video online in which Stipe read a stilted press release. When Rolling Stone asked if he planned to make a solo album, he answered, “It’s unfathomable to me right now.”“I just folded my hands and sat for a while,” Stipe told me. Around 2015, Stipe stepped in to produce a record that his friends in the band Fischerspooner were struggling to finish. In 2019, Stipe started sporadically releasing singles, four of them over the course of five years, all to benefit climate groups.
Persons: Stipe, R.E.M, , , Rolling Stone, ” “, ” Stipe, Aaron Dessner, ” That’s, Organizations: Red
For Love & Money is a column from Business Insider answering your relationship and money questions. This week, a reader gave their son money years ago, and their husband thinks he should repay it now. AdvertisementDear For Love & Money,I gave my adult son money when he was getting a divorce eight years ago. When you gave your son the $16,000 eight years ago, did you call it a gift or a loan? You said you gave your son "the money with no strings," implying you originally intended it to be a gift.
Persons: , didn't, doesn't, stoically, blissfully Organizations: Business, Service
A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flows, modest bonuses for most and heavy job cuts in 2024. "2023 will ultimately be one of the lowest corporate finance fee pools in modern history," said Fabrizio Campelli, head of Corporate Bank and Investment Bank at Deutsche Bank. JOB CUTSBanks have already turned to cost cuts to try to weather the downturn, which in a people-intensive business means job losses. And although some bankers expect a tough 2024, others sense an opportunity for European banks from the Basel Endgame.
Persons: Hollie Adams, Fabrizio Campelli, Banks, Ronan O'Kelly, Oliver Wyman, O'Kelly, Dominic Hook, Goldman Sachs, Vis Raghavan, JP Morgan, Morgan McKinley's, Stephane Rambosson, headhunter, Rambosson, Ana Botin, Morgan's Raghavan, there's, Oliver Wyman's O'Kelly, Deutsche's Campelli, Anousha Sakoui, Carolyn Cohn, Jesus Aguado, Alexander Smith Organizations: REUTERS, LONDON, Finance, Reuters, Corporate Bank, Investment Bank, Deutsche Bank, Organisation for Economic Cooperation, Development, Barclays, Lloyds, Challenger Metro Bank, UBS UBSG.S, Citi, Workers, Global Investment Banking, Employment, European Union, Santander, Global, Basel, Thomson Locations: City, London, Britain, Europe, Middle East, Africa, Ukraine, West, China, United States, India, Madrid
In a third suit, Liza Gardner says that in 1990, Mr. Combs coerced her into sex and then, a couple of days later, choked her so hard she passed out. In a statement, Jonathan D. Davis, a lawyer for Mr. Combs, said: “The new claims against Mr. Combs for alleged misconduct from many years ago, which were filed at the last minute, are all denied and rejected by him. Because of Mr. Combs’s fame and success, he is an easy target for accusers who attempt to smear him. As news of those suits ricocheted through social media, accusations from Mr. Combs’s past were resurfaced and dissected. In a 2004 interview, Kimora Lee Simmons, the model and TV personality, said that Mr. Combs had threatened her while she was pregnant.
Persons: , Dan Charnas, , Mr, Combs, Joi Dickerson, Neal, drugging, Dickerson, Ventura’s, Liza Gardner, Jonathan D, Davis, Combs’s, Sean John, Kimora Lee Simmons, Gina Huynh Organizations: Combs Global, New York Legislature, Combs Locations: New York
Indecent content is defined by the FCC as a portrayal of sexual or excretory organs or activities in an offensive manner without meeting the obscenity test. Profane content includes “grossly offensive” language considered a public nuisance. NBC is a broadcast network while CNBC is a cable network. “FCC rules on profanity don't apply to utterances on cable networks,” former FCC Chairman Ajit Pai said in a reply to an ABC7 Chicago reporter requesting clarification under the circulating post on X. Cable networks are not prohibited from airing indecent or profane content.
Persons: Elon, “ Elon, , Ajit Pai, Read Organizations: Federal Communications Commission, New York Times, CNBC, Facebook, FCC, Globe, NBC, NBC Universal, Comcast, Reuters, ABC7, Cable, Thomson Locations: ABC7 Chicago
Kirban, 48, is the co-founder and executive chairman of The Vita Coco Company, which started selling its namesake coconut water in 2004. Today, Vita Coco is a behemoth in its own right, sporting a $1.6 billion market cap as of Thursday afternoon. It commands nearly 50% of the U.S. coconut water market, according to the company's U.S. Securities and Exchange Commission filings. I remember just sitting there, in this old apartment that I lived in at the time, thinking and thinking and thinking. Somehow, I went from "Holy s---, we're dead," to ... "Holy s---, let's go and beat the s--- out of them."
Persons: Michael Kirban, Vita Coco, Zico, Ira Liran, Mark Rampolla, Kirban, let's, I'd, it's, Guy Oseary Organizations: CNBC, Vita Coco Company, Cola Company, Cola, U.S . Securities, Exchange Locations: Zico, U.S
The documents showed that the government also labeled as part of its climate change efforts items as disparate as Navy security operations and distributing fortified milk among the rural poor. Of this, Pemex spent 5.6 billion pesos on climate change and 1.3 billion pesos on the energy transition in the same period, the public accounts show. "Mexico started really strong," said Maria Jose de Villafranca, the lead researcher for Mexico at Climate Action Tracker. The government did not make officials available to discuss its climate change plans. Mexico has not released information about its strategy, which has been criticized by climate change experts as non-compliant with the Paris Agreement.
Persons: Gustavo Graf, Andres Manuel Lopez Obrador, Lopez Obrador, Lopez Obrador's, Pemex, Victor Gomez, Gomez, Maria Jose de Villafranca, There's, Jason DeVito, Stefanie Eschenbacher, Simon Jessop, Dave Graham, Claudia Parsons Organizations: REUTERS, MEXICO CITY, Reuters, United, CFE, United Nations, Navy, Federated Hermes, Thomson Locations: El Bosque, Mexico, MEXICO, DUBAI, United States, Paris, United Nations, Dubai, CFE, Mexico City
It was a tragic character.”For years, Guard Dog sat in the unmowed grass of a neighborhood lawn or howled at the moon, alone and philosophical. I know it was tough on the readers and it was tough on Guard Dog,” he said. “You know, whenever I drew him in my sketchbooks or if I did a talk, I always drew Guard Dog free. Her mother responds: “But what about those who devote their lives helping animals like Guard Dog?" “I can’t wait to draw a happy Guard Dog,” he said.
Persons: , Patrick McDonnell, ” McDonnell, , , ” There's, Sid, McDonnell, mutt, Mutts, It’ll, ___ Mark Kennedy Organizations: Associated Press, Guard, District of Columbia, Michigan State University College of Law, Humane Society of, The Fund, Animals Locations: man's, , United States
A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021. The share price of Julius Baer plummeted after the Swiss private bank disclosed 606 million Swiss francs ($692.7 million) of loan exposure to a single conglomerate client. The 606 million Swiss franc exposure to one client — via three loans to different entities within a European conglomerate — is collateralized by commercial real estate and luxury retail, the company revealed. The bank last week booked provisions of 70 million Swiss francs to cover the risk of a single borrower in its private loan book. The European Central Bank recently examined the commercial real estate sector and the provisioning methods and capital buffers of European banks.
Persons: Julius Baer, Signa, Julius Baer's CET1, DBRS Morningstar, Vitaline Yeterian, Elisabeth Rudman, Julius Baer's Organizations: Julius Baer Group, Austrian, DBRS, CNBC, European Central Bank, Swiss Locations: Zurich, Switzerland, Swiss
Iger has had nothing short of a full plate since retaking the throne of the Magic Kingdom last year. He’s been tasked with repositioning ESPN in a direct-to-consumer future, reversing the company’s faltering creative engine (e.g. In short, it’s been a demanding 12 months for the legendary Disney chief — something Iger was not shy about. But it is still unclear what Iger would like to do with some of the company’s declining television assets, namely ABC. “I’ve been through some difficult times and faced a lot of adversity as a company,” Iger told Disney employees, “and I know that each time we get through it.”
Persons: Bob Iger, Iger, David Muir, He’s, it’s, ” “, ” Iger, , I’ve, he’s, Will, Muir, , Dana Walden, ” Walden, Jimmy Pitaro, Mickey Mouse, ” Pitaro, Pitaro Organizations: CNN, New Amsterdam Theatre, Disney, , ABC, Magic, ESPN, Marvel Studios, Hulu, Hollywood, Walt Disney Company, ABC News, Disney Entertainment Locations: New York City, , Israel
I was born and raised in Hong Kong. AdvertisementBorn and raised in Hong Kong, I've seen various quirks and unique behaviors that have become ingrained in the city's culture. Whether it's donning puffer jackets during mild winters or whipping out umbrellas when the sun is shining bright, there are certain things I only expect to see in Hong Kong. Here are seven things you can do to blend in like the locals in Hong Kong. Shouting out orders is essential when visiting dai pai dongs, or open-air food stalls in Hong Kong.
Persons: I've, , it's, pai dongs, Lewis Tse, Dai pai dongs, siu, — it's, Hong Kongers, Yung Chi Wai Derek, cheung, Sham Organizations: Service, Hong Locations: Hong Kong, Canada, expats, Asia, Mong
In the clip, player Spencer Hawkins gags and curls up into a ball after losing the cookie challenge. Hawkins reacted to going viral in a TikTok video, and shared more behind-the-scenes insight. Advertisement"Squid Game: The Challenge" contestant Spencer Hawkins — player 299 — has responded to a viral clip of him crying and gagging after being eliminated from the show. So, going into the game, Hawkins said in a TikTok video posted Monday, he was already feeling anxious. AdvertisementHawkins went on to say they he also made some friends in the umbrella group.
Persons: Spencer Hawkins, Hawkins, , @spencer_hawkins299, ince, ines, ike, hank, ove Organizations: Service, Netflix, ust
CNN —For the first time, a transatlantic flight operated by a commercial airline will be powered by 100% Sustainable Aviation Fuel (SAF) — a type of plane fuel that bears the promise of a much lower climate impact than traditional ones. The flight is the latest in a series of recent tests involving 100% SAF. Days earlier, business jet maker Gulfstream completed what it billed as the world’s first transatlantic flight using 100% SAF. Large twin-engine jets have performed flights using 100% SAF on both engines before, but these flights involved military aircraft. “One flight on 100% alternative fuel isn’t going to change the fact that 99.9% of aviation fuel is fossil fuel and there’s no great option for feedstock (raw materials) that can be scaled up sustainably,” she says.
Persons: Virgin Atlantic, Cat Hewitt, Hewitt, we’re, there’s, Giuseppe Cacace, Graham Hutchings, , , ” Matteo Mirolo, ” Hewitt Organizations: CNN, Aviation Fuel, New York’s JFK, Virgin Atlantic, Boeing, Virgin, SAF, UK Civil Aviation Authority, Emirates, Airbus, Gulfstream, International Air Transport Association, Aviation Environment Federation, An, An Emirates Airbus, Getty, Royal Society, European Federation for Transport Locations: London Heathrow, New York’s, An Emirates, AFP
Flight100, Virgin Atlantic's world first 100% Sustainable Aviation Fuel (SAF) transatlantic flight by a commercial airline is fuelled ahead of its take off from London Heathrow to New York JFK on Tuesday 28 November 2023. LONDON — The first trans-Atlantic flight using 100% sustainable aviation fuel departed London for New York on Tuesday as the industry seeks to prove the viability of greener air travel. Sustainable aviation fuel — also known as SAF — is an umbrella term for non-fossil-derived fuels, including biofuels derived from plant or animal materials, municipal waste and agricultural residues. It still produces emissions, but proponents argue the overall "lifecycle emissions" from the fuel are significantly lower than from regular petroleum-based fuel. There are relatively few SAF production plants or companies transporting it globally, with incentives for producers hampered by low margins.
Persons: Shai Weiss Organizations: Aviation Fuel, SAF, New York JFK, LONDON, New York, Virgin Atlantic's Boeing, AirBP, Virgin, U.K, Civil Aviation Authority, Royal Society, Virgin Atlantic, Government Locations: London Heathrow, New York, London, New
Hugging Face CEO Clement Delangue (R) departs the closed-door "AI Insight Forum" outside the Kennedy Caucus Room in the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC. Artificial intelligence startup Hugging Face says it's seeing increased interest from potential customers following the chaos at rival OpenAI. "I think a lot of companies, organizations now are kind of wondering about the risk about outsourcing their AI to just one AI provider," Hugging Face CEO Clément Delangue said Tuesday on a call with reporters. Multiple companies told CNBC they'd considered switching from OpenAI to competitors' services as the confusion swelled inside the company. OpenAI has a unique structure in that the parent entity is a nonprofit, with a so-called capped-profit company underneath that umbrella.
Persons: Clement Delangue, Clément Delangue, Sam Altman, Josh Gartner, Gartner, CNBC they'd, Aidan Gomez, Martin Kon, OpenAI, Altman, Cohere, it's, Google's Bard, OpenAI's ChatGPT Organizations: Russell Senate, Companies, CNBC, Google, Nvidia, Salesforce, AMD, Intel, IBM, Qualcomm, Anthropic, Google's Locations: Russell, Washington ,, Toronto, OpenAI, New York, China
A Tragedy, a Symphony, a Love Story
  + stars: | 2023-11-28 | by ( Mattie Kahn | ) www.nytimes.com   time to read: +2 min
The credits roll, but there is no neat ending for Ms. Jaouad and Mr. Batiste. “None of us know if we’re going to exist in the future, but I have a heightened fear of not existing in the future,” Ms. Jaouad said. Mr. Jones, who introduces himself to her as “Lil GQ,” read her columns while on death row. “It was unbelievable because we were talking in the future tense, knowing that the future wasn’t going to come to pass,” Ms. Jaouad said. A few weeks ago, Ms. Jaouad traveled to Seattle and was walking outside, suddenly under a torrential rain.
Persons: Jaouad, , ” Ms, , Batiste, Quintin Jones, Jones, Lil, , I’ll Organizations: Telluride Film Locations: Seattle, New York
NEW YORK (AP) — Donald Trump's company no longer prepares the sweeping financial statements that New York state contends were full of deceptive numbers for years, an executive testified Monday at the former president's civil fraud trial. Trump's 2014 to 2021 “statements of financial condition” are at the heart of state Attorney General Letitia James' lawsuit against him, his company and some of its key figures. The defendants deny wrongdoing, but James says they misled lenders and insurers by giving them financial statements that greatly inflated Trump's asset values and overall net worth. Trump asserts that his wealth was understated, not overblown, on his financial statements. During cross-examination, Hawthorn acknowledged that Trump's financial statements could have been audited by the company, rather than just compiled, though he noted that auditing wasn't required.
Persons: — Donald Trump's, Letitia James, James, Mark Hawthorn, wasn't, , Clifford Robert, Andrew Amer, Trump, Arthur Engoron, Michael R Organizations: Trump Organization, Trump, Hawthorn, Republican, Democrat, ___ Associated Press Locations: York, spokespeople, New York, ___, Sisak
A smartphone with the Apple Pay logo is placed on a displayed Google Pay logo in this illustration taken on July 14, 2021. Digital wallets from the likes of Apple (AAPL.O), Google (GOOGL.O) and WeChat developer Tencent (0700.HK) have exploded in popularity but are not captured by Australian payments law. "We are modernising Australia's payments system to ensure it meets the needs of our economy now and into the future," Treasurer Jim Chalmers said in a statement. "We want to make sure the increasing use of digital payments occurs in a way that helps promote greater competition, innovation and productivity across our entire economy." Regulators are responding to the rapid growth of digital wallets, especially among the young.
Persons: Dado Ruvic, Jim Chalmers, Chalmers, Lewis Jackson, Jamie Freed Organizations: Apple, REUTERS, Rights, Google, HK, Reserve Bank of Australia, Thomson
The eldest son of LVMH CEO Bernard Arnault will be stepping down as the CEO of Berluti. Bernard Arnault is the world's third-richest man, and all five of his children work for LVMH brands. AdvertisementAntoine Arnault, the eldest son of LVMH CEO Bernard Arnault, will be stepping down as the CEO of Berluti, a luxury shoe brand under the LVMH umbrella. Bernard Arnault's eldest and only daughter, Delphine Arnault, became the CEO and chairperson of Christian Dior in February. In an interview with the New York Times in September, Bernard Arnault expressed his disdain for comparisons drawn between his family and HBO's hit show "Succession."
Persons: Bernard Arnault, Arnault, , Antoine Arnault, Bernard Arnault's, Delphine Arnault, Christian Dior, HBO's, Arnault —, Elon Musk, Jeff Bezos Organizations: Service, Bloomberg, New York Times, Times, Wall Street Locations: LVMH, Paris
Swedish union blocks Tesla components as dispute intensifies
  + stars: | 2023-11-24 | by ( ) www.reuters.com   time to read: +3 min
Around 50 workers that make specialized Tesla components at Hydro Extrusions, a subsidiary of Norwegian aluminium and energy company Hydro, will either stay at home or be given other tasks from Friday until further notice, the IF Metall union said. IF Metall, Sweden's biggest manufacturing union, is locked in a fight with Tesla to get a collective bargaining agreement for its 130 mechanics in Sweden. The U.S. carmaker has a policy to not sign collective bargaining agreements and says its employees have as good or better terms than what the Swedish union is demanding. The union says it is vital to the Swedish labour market model that all companies have collective agreements. Around 90% of all employees in Sweden are covered by collective bargaining agreements, which regulates wages, vacation, overtime pay and other conditions.
Persons: Veli, Pekka Saikkala, Tesla, Metall, Saikkala, carmaker, Torbjorn Johansson, Elon, Johansson, Johan Ahlander, Marie, Victoria Waldersee, Susan Fenton Organizations: Tesla, Hydro Extrusions, Hydro, IF Metall, Metall, LO, Marie Mannes, Thomson Locations: Berlin, Europe, Sweden, U.S, Stockholm, Victoria
A couple protect themselves with an umbrella for high temperatures, as they wait before the Taylor Swift concert, following the death of a fan due to the heat during the first day concert, in Rio de Janeiro, Brazil, November 18, 2023. The police will investigate whether entertainment firm Time for Fun (T4F) (SHOW3.SA) committed the crime of endangering human life or health. Ana Clara Benevides fell ill last Friday, on the first night of Swift's Rio tour in Rio, and later died in hospital. Police have also launched a separate investigation into the cause of Benevides' death, which has not yet been concluded. The firm's CEO Serafim Abreu acknowledged on Thursday that the concert organizers could have taken "alternative actions" to help fans cope with the extreme heat.
Persons: Taylor Swift, Pilar Olivares, Taylor, Ana Clara Benevides, T4F, Serafim Abreu, Swift, Rodrigo Viga Gaier, Marguerita Choy Organizations: REUTERS, DE, Police, T4F, Thomson Locations: Rio de Janeiro, Brazil, DE JANEIRO, Rio, U.S, Sao Paulo
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