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☆ Family offices are about to surpass hedge funds, with $5.4 trillion in assets by 2030
▼ + stars: | 2024-09-05 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Family offices are expected to add more than $2 trillion in assets by 2030, as an increase in wealth concentration and a revolution in wealth management drive rapid growth in new family offices. In total, the wealth of families with family offices is expected to top $9.5 trillion in 2030, according to the report — more than doubling over the decade. "It's really the past decade that has seen an acceleration in growth in family offices." The rise of family offices is remaking the wealth management industry and creating a powerful new force in the financial landscape. Family offices are seen as offering more privacy, more customization and more tailored programs for the next generation of the family.

Persons: Robert Frank, Rebecca Gooch, It's, Gooch, incentivized, Eric Johnson Organizations: Deloitte Private, Deloitte, Henley & Partners, Forbes Locations: centimillionaires, North America, Asia, Pacific, North

☆ Dubai’s Burj Azizi to become the world’s second-tallest building
▼ + stars: | 2024-09-05 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +4 min

Dubai’s Burj Azizi tower to become world’s second tallest building. The tower is anticipated to set several records, including the world’s highest hotel lobby (on level 11), the world’s highest nightclub (on level 126) and the world’s highest observation deck (on level 130), according to Azizi Developments. It boasts the world’s highest infinity pool, the world’s largest natural flower garden, and the world’s largest picture frame, to name a few. The Burj Binghatti Jacob & Co Residences, meanwhile, is set to become the world’s tallest residential structure (and Dubai’s third-tallest building) at 1,952 feet. Burj Azizi is slated for completion in 2028, with apartments expected to go on sale in February 2025.

Persons: CNN —, Mirwais Azizi, Azizi, Raab, Sheikh Zayed, ”, Franck Muller, Jacob Organizations: CNN, Burj, General Civil Aviation Authority, Azizi Developments, Azizi, Trade Center, Marina, Burj Khalifa’s 122nd, Ciel Dubai Marina Locations: Dubai, Burj, Sheikh, Burj Azizi, Burj Khalifa

☆ Harris unveils plan for 28% capital gains tax, softening Biden's proposal for 40% rate
▼ + stars: | 2024-09-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

"We will tax capital gains at a rate that rewards investment in America's innovators, founders and small businesses," the Democratic presidential nominee said at a rally in North Hampton, New Hampshire. The Wall Street Journal was first to report Harris' capital gains tax plan. Long-term capital gains, or assets held for more than one year, are currently taxed at a maximum rate of 20%. The newly minted Democratic presidential nominee has so far largely kept her economic proposals in line with those of her current boss. Harris has not announced any plans to diverge from Biden's proposal, which would tax unrealized gains for households worth at least $100 million.

Persons: Kamala Harris, Joe Biden, Harris, Ro Khanna, Biden, Khanna Organizations: Democratic, Democratic Party Locations: North Hampton , New Hampshire

☆ Trump Media stock slides under $18, a new low since it began publicly trading
▼ + stars: | 2024-09-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

DJT shares dropped to $17.89 per share around midday Tuesday, The stock's prior low was set on Aug. 28, when it hit $19.38 per share. The stock price was down roughly 77% from its high of $79.38 per share on March 26, following Trump Media's merger with a publicly traded special purpose acquisition company. DJT closed at $18.08 per share, down over 7% for the Wednesday trading day. Trump Media's single-day slide accompanied a broader market dip on Tuesday, especially for tech companies. Stock Chart Icon Stock chart icon DJT stock vs. Nasdaq stock exchange over six months.

Persons: Jakub Porzycki, Donald Trump, DJT, Trump Organizations: Nurphoto, Trump Media, Social, Trump, Nasdaq, Dow Jones

☆ Harris to propose $50,000 tax deduction for small business startup expenses, ahead of Trump debate
▼ + stars: | 2024-09-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Under the proposal, new small businesses could spread the deduction out over several years, or delay claiming the $50,000 tax deduction until the company turned a profit. The Internal Revenue Service has previously run into issues ensuring that its small business tax breaks end up in the right pockets, especially during the pandemic, when the agency flagged a spike in fraudulent claims. The Harris campaign did not respond to a request for clarification about which startups and small businesses would be eligible for the tax deduction. On Wednesday, Harris will also set a goal of collecting 25 million new small business applications in her first term if she is elected president. By focusing on small businesses, Harris' tax deduction proposal could help her thread the needle between rebutting Trump's attacks, and keeping up her political crusade against corporate greed.

Persons: Kamala Harris, Harris, Biden, Donald Trump, Trump, Joe Biden, Kamala, TRUMP Organizations: Democratic, U.S, Wednesday, Labor, Internal Revenue Service, Republican, ABC News, White Locations: Savannah , Georgia, U.S, New Hampshire

☆ These are the 22 most promising healthcare AI startups of 2024, according to top VCs
▼ + stars: | 2024-09-03 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +1 min

We asked VCs at firms like Khosla Ventures and Lux Capital to name rising startups in healthcare AI. They picked 22 companies using AI to improve cardiovascular care, insurance payments, and more. A third of all healthcare funding went to startups leveraging AI in the first half of 2024, according to Rock Health. That's why this year Business Insider's list of the most promising startups in healthcare is focusing on healthcare startups using AI to supercharge their businesses and bring better care to patients. This story is available exclusively to Business Insider subscribers.

Persons: VCs, — Organizations: Khosla Ventures, Lux, Service, Rock Health, Business

The group was asked to share which topics they're most focused on between AI, worker well-being, diversity, equity, and inclusion, and C-suite transformation. While worker well-being and AI were the most commonly cited trends, there's clear overlap and intersectionality across all four topics. 'We're trying to understand a more holistic view of worker well-being'Shane Koller, senior vice president and chief people officer, AncestryThe two topics we're most focused on are worker well-being and DEI. As part of this new organizational structure, we announced our chief AI and data officer, one individual who would help bring together a cohesive strategy and vision for the organization's AI. A big focus for us is worker well-being.

Persons: Jack Azagury, nobody's, Shane Koller, we've, We've, Borgonovo, Alicia Pittman, Anant Adya, Marjorie Powell, Neil Murray, Maggie Hulce, Chen, it's, —, — there's, Kenon Chen, Sharawn Tipton, LiveRamp, there's, I'm, There's Organizations: Accenture, Mastercard, Infosys DEI, Infosys, AARP, Clear Locations: Tipton

"Our polling consistently showed that by staying on the ballot in the battleground states, I would likely hand the election over to the Democrats," Kennedy said. This significantly reduces the potential electoral boost Trump could get in these states from Kennedy's exit. Wisconsin's Elections Commission has voted to keep Kennedy on the state's ballot. This leaves just Arizona and Pennsylvania as the states where Kennedy's exit appears poised to help Trump outright. "He has a lot of votes that he could have gotten," Trump said of Kennedy at the Arizona rally in August.

Persons: Robert F, Kennedy Jr, Donald Trump's, Donald Trump, Kennedy, Trump, Kamala Harris, Kennedy's, Harris Organizations: White, Trump, North, Arizona Locations: Glendale , Arizona, North Carolina , Wisconsin, Michigan, Kennedy's, North Carolina's, Wisconsin , North Carolina, Arizona, Pennsylvania, Nevada, Georgia, Michigan , North Carolina, Wisconsin, Florida , Texas, Ohio

☆ How Tim Walz made Minnesota a 'roadmap' for progressive economic policy
▼ + stars: | 2024-09-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +7 min

Governor Tim Walz delivers remarks at the Milwaukee Area Labor Council's Laborfest 2024 on September 2nd, 2024 at the Summerfest Grounds, in Milwaukee, Wisconsin. Tim Walz, Minnesota has expanded union protections, approved over $1 billion in housing resources, enacted universal paid family and medical leave, funded free school lunches, hiked corporate taxes and more. "It's a roadmap for sure," Amy Koch, a Republican strategist who formerly served as a Minnesota state senator, told CNBC. Already, several of the economic priorities of the Harris campaign mirror policies that were championed by Walz in Minnesota. Tim Walz listens to homeless constituents after being elected to his first term in 2018.

Persons: Tim Walz, Sara Stathas, Harris, Walz, I've, Bernie Burnham, Kamala Harris, Amy Koch, Kevin Lamarque, Joe Biden's, Gabby Giffords, Brian Snyder, Jeff Hayden, Hayden, Elianne Farhat, Mills, Bauer, Griffin, Doug Loon, Loon, Burnham, Charles Lutvak, Monica Nilsson Organizations: Milwaukee Area Labor, Washington Post, North Star State, Minnesota AFL, CNBC, Democratic Gov, Republican, Democratic, Minnesota, Reuters, Child Tax, Farmer, Labor, DFL, Senate, House, Minnesota Democrats, Fortune, Target, AaronP, Minnesota Chamber of Commerce, Minnesota Gov, Minnesota Housing Locations: Milwaukee , Wisconsin, Minnesota, Tim Walz , Minnesota, Minnesota . U.S, U.S, America, Minnesota's, Minneapolis , Minnesota, UnitedHealth

☆ Trump debate prep: Tulsi Gabbard advises Republican to attack Harris on 'hypocrisy'
▼ + stars: | 2024-09-01 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Former Democratic Rep. Tulsi Gabbard, who has endorsed Republican former President Donald Trump's campaign, is advising the GOP nominee to focus on Vice President Kamala Harris' policy pivots in their upcoming debate. Still, Gabbard is uniquely suited to help Trump understand what it would be like to debate Harris, given her firsthand experience during the 2020 Democratic primary contest. "What I pointed out in that debate stage in the 2020 campaign was her hypocrisy," Gabbard said. At the time, criminal justice reform was a very popular issue among Democratic primary voters. The Trump campaign recently added both Gabbard and RFK Jr. to its official transition team, and both are in reported talks for potential cabinet positions if Trump wins the White House.

Persons: Donald Trump, Tulsi Gabbard, Donald Trump's, Kamala Harris, Harris, Gabbard, Trump, Biden, Robert F, Kennedy Jr Organizations: Republican, Democratic, ABC, Trump, White, Democrat, RFK Jr Locations: La Crosse , Wisconsin, Hawaii

☆ Trump budget would spike deficits by nearly 5 times Harris proposal, says Penn Wharton
▼ + stars: | 2024-08-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Former President Donald Trump's economic proposals would increase federal deficits by $5.8 trillion over the next decade, almost five times more than those of Vice President Kamala Harris, which would add $1.2 trillion, according to a new pair of studies from the nonpartisan Penn Wharton Budget Model. The Trump report found that his plan to permanently extend the 2017 tax cuts would add more than $4 trillion to deficits over the next 10 years. His proposal to eliminate taxes on Social Security benefits comes with a $1.2 trillion price tag, while his pledge to further reduce corporate taxes would add nearly $6 billion. And her proposal to create a $25,000 subsidy for all qualifying first-time homebuyers would add $140 billion over a decade. Along with corporate tax hikes, Harris has said she supports the $5 trillion worth of revenue raisers contained in President Joe Biden's budget proposal for the 2025 fiscal year.

Persons: Donald Trump's, Kamala Harris, Trump, Harris, Joe Biden's Organizations: Penn Wharton Budget, Social Security

☆ Philippines says China shot flares near its aircraft from a 'militarized' island and a fighter jet
▼ + stars: | 2024-08-24 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

The Philippines said China has repeatedly fired flares at its aircraft over the South China Sea this week. It said that in one incident on August 19, a fighter jet fired flares just 15 meters from its aircraft. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Philippines said China has repeatedly fired flares at its aircraft over the South China Sea in the last week.

Persons: —, Jay Tarriela Organizations: Service, of Fisheries, Aquatic Resources, National Task Force, West Philippine, Philippine Coast Guard, Business Locations: Philippines, China, South China, South

Harris called for ending taxes on tips while rolling out a series of populist economic proposals last week, echoing a policy Trump already supported. The vice president pointed to Trump’s opposition to a bipartisan border security and immigration bill, which turned Republicans against the measure. Vice President Kamala Harris gestures as she steps from Air Force Two upon arriving at Joint Base Andrews, Maryland, on August 23, 2024. As the sitting vice president, Harris’s response to an economic calamity or foreign crisis would be closely scrutinized. The spokesperson also said there have been more than 1,000 sign-ups for Students for Harris chapters across the country since the launch of Harris’ campaign.

Persons: Kamala Harris, Donald Trump, Joe Biden, Harris, eyeing, Trump, Robert F, Kennedy Jr, who’s, ” Kennedy, Biden, showdowns, I’m, Hawaii Democratic Sen, Brian Schatz, “, ” Harris, ”, she’s, ‘ We’re, ’ She’s, Ohio Sen, JD Vance, Kamala, mispronounced Harris ’, Harris ’, fumed, he’s, ” Trump, La Capra, Julia Nikhinson, let’s, familiarizing, —, Kevin Lamarque, Tulsi Gabbard, Gabbard, Jen O’Malley Dillon, Austin Steele, Quentin Fulks, Tim Walz, Joshua Martin, Rebecca Wright, Pinar Yildirim, Deja Foxx, “ Young, Brian Kemp, Kemp, Vance, Trump’s, ” Vance, Sean Hannity, “ We’re, ” Kemp, “ Kamala Harris, Wisconsin . Ohio Sen, Marco Bello, Walz, ” CNN’s Ted Barrett, Kate Sullivan, Kristen Holmes, Ali Main, Aaron Pellish, Alejandra Jaramillo, Priscilla Alvarez Organizations: CNN, Democratic National Convention, Trump, Democratic, ABC, Hawaii Democratic, Republican, Biden, Social Security, Air Force, Joint Base Andrews, Reuters, Union, Hawaii Rep, United Center, MSNBC, United, Minnesota Gov, Convention, University of Pennsylvania, Facebook, Harris, Georgia Gov, Georgia Republican, Party, GOP, Fox News Locations: Arizona, Trump, Glendale, Hawaii, Chicago, Ohio, Georgia, Nevada, Las Vegas, Mexican, North Carolina , Nevada , Arizona, Wisconsin , Michigan, Pennsylvania, Joint Base Andrews , Maryland, California, Chicago , Illinois, Washington, Asheboro, United States, Wisconsin . Ohio, Kenosha, Kenosha , Wisconsin

☆ 5 signs you need a sleep divorce—and more tips for a good night's rest
▼ + stars: | 2024-08-24 | by ( Renée Onque | ) www.cnbc.com time to read: +5 min

Here are some of their top tips for getting a good night's rest. Consider these 5 signs you might need a sleep divorceA sleep divorce is not as drastic as it sounds. Try a sleep expert's bedtime routineDr. Richard Schwab, chief of the division of sleep medicine at the University of Pennsylvania Perelman School of Medicine, shared his sleep routine with Make It in 2022. To get optimal sleep, Schwab recommended setting the ambience in your room by making sure it's your preferred temperature and light exposure. "Before taking magnesium or melatonin for sleep, it's important to establish proper sleep hygiene and habits."

Persons: Shelby Harris, Harris, Snore, Richard Schwab ,, Schwab, Rebecca Robbins, Robbins Organizations: CNBC, University of Pennsylvania Perelman School of Medicine, Harvard Medical School's Division, Sleep

☆ US Navy supercarrier gets drone command center that will operate $136 million 'Stingray' drones
▼ + stars: | 2024-08-24 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

The US Navy has installed a new drone control center on the USS George H.W. The command center will operate MQ-25 "Stingray" drones. AdvertisementThe US Navy has installed a new drone command center on board the USS George H.W. Bush (CVN 77) aircraft carrier, Naval Air Systems Command (NAVAIR) said in a press release. The Unmanned Air Warfare Center (UAWC) will operate MQ-25 "Stingray" drones — $136 million unmanned aircraft systems that will be used to refuel fighter jets such as the F/A-18 Super Hornet, the EA-18G Growler, and the F-35C in the air, extending the Navy's strike range.

Persons: USS George H.W, —, George H.W, George H.W . Bush Organizations: US Navy, USS, Bush, Service, Naval Air Systems Command, Air Warfare Center, Hornet, EA, Business Locations: George H.W .

☆ Investigators say 5 bodies were found in the same cabin of Mike Lynch's superyacht as prosecutors begin looking into 'crime hypothesis'
▼ + stars: | 2024-08-24 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Investigators say five bodies were found in the same cabin of Mike Lynch's superyacht. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementInvestigators have said that the bodies of five people who died after British tech tycoon Mike Lynch's superyacht sank off the coast of Sicily were discovered in the same cabin.

Persons: Mike Lynch's superyacht, —, Bentivoglio Fiandra Organizations: Service, Business Locations: Porticello, Sicily

☆ Insider Today: The Hamptons of Florida
▼ + stars: | 2024-08-24 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

This week's dispatchView of Inlet Beach, Florida, one of the communities that makes up "30A" Courtesy of the Blankenship GroupMeet the "Hamptons of the South"A 26-mile stretch of Florida highway has been a well-kept secret for years. Sitting between popular spring break locales Destin and Panama City Beach, the 30A beaches comprise a few towns: Rosemary, Santa Rosa Beach, and Seaside. Despite the influx of interest and visitors, Kemp Stewart, a luxury rental owner who's seen 30A blow up in popularity, said that the beach towns' appeal has remained the same. No more night sweats : We found the three best cooling pajama sets for women to help hot sleepers chill out. AdvertisementMore of this week's top reads:The Insider Today team: Jordan Parker Erb, editor, in New York.

Persons: —, Suzanne Hayes, it's, Dan Latu, Kemp Stewart, who's, It's, Kemp, Ben Affleck, Jennifer Lopez, Monica Schipper, Affleck, Jenny Chang, Rodriguez, Monica Humphries, Natalie Ammari, Zers, they're, Warner, Kevin Costner's, Max, Air McNair, docuseries, Steve McNair, Rebecca Zisser, Skip, we've, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan, Amanda Yen Organizations: Service, Business, Panama City Beach, BI, Warner Bros, Apple, Labor Locations: Florida, Beach , Florida, Gulf, Mexico, Panama, Santa Rosa Beach, Seaside, Redfin, New York, New York City

new video loaded: How Democrats Honed Their Attack on TrumpBy Maggie Haberman, Claire Hogan, Alexandra Ostasiewicz and Rebecca Suner • August 23, 2024How Democrats Honed Their Attack on TrumpRecent episodes in Latest VideoWhether it’s reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, Times Video journalists provide a revealing and unforgettable view of the world. Whether it’s reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, Times Video journalists provide a revealing and unforgettable view of the world.

Persons: Maggie Haberman, Claire Hogan, Alexandra Ostasiewicz, Rebecca Suner • Organizations: Trump, Times Video

“They are using food as a weapon,” a senior aid official told CNN. “No official travel authorization has been granted to humanitarian partners to implement activities outside of Sittwe township since November 2023,” a senior aid official told CNN. The UN aid officials made clear in their meetings, which have not been previously reported, that the status quo is unacceptable, the sources said. A World Food Programme (WFP) warehouse in Maungdaw was looted and burned in June, depriving that community of urgently needed food aid. A senior UN aid official in Myanmar blamed the funding shortfall in part on international apathy.

Persons: CNN — Khin Mar Cho, Soldiers, Byine Phyu, Khin Mar Cho, ” Khin Mar Cho, “, —, ”, Myint Kyaw, Sen, Min Aung, Mohammed, ” Mohammed, Shayna Bauchner, we’ve, OCHA, Sai Aung, Rakhine —, Ejaz, Jamila, Bangladesh Azim Khan Ronnie, Buthidaung, drenching, ” Jamila, ULA, ” Sajjad Mohammad Sajid Organizations: CNN, United Nations, Arakan Army, AA, UN, Myanmar’s Ministry of Information, AFP, Getty, Partners Relief, Development, Human Rights, ” Aid, SAC, Administration Council, Food, UN Office, Humanitarian Affairs, UN Security Council, European Union, Aid, Human Rights Watch, Solent, Myanmar, Development Coordination, United League of, Programme, Junta Locations: Myanmar, Byine, Rakhine, Sittwe, Rakhine State, Myanmar’s, Yangon, “, Sai, AFP, China, Buthidaung, Bangladesh, Cox’s Bazar, Cox's Bazar, Bangladesh Tanbirul Miraj Ripon, Kutupalong, Tanbirul Miraj Ripon, Arakan, Maungdaw, ULA, Gaza, Ukraine

The next day, three minutes before shots were fired toward Trump, local police radioed that a man was on a nearby roof. That warning never made it to the Secret Service, whose snipers didn’t know the would-be assassin was on the roof until shots rang out. “I can confirm that the Butler County ESU team made radios available to the Secret Service and that they were not utilized by the Secret Service,” Goldinger said in a statement. But the issue of how to directly communicate with local law enforcement remains unresolved. Evan Vucci/AP Secret Service agents rush the stage immediately after the shooting.

Persons: Donald Trump, didn’t, “, bro, ‘, “ We’re, Clay Higgins, Higgins, ”, Richard Goldinger, ” Goldinger, Goldinger, ” Higgins, Butler, ’, Gene J, Ronald Rowe, Thomas Crooks, Crooks, Trump, ” Sen, Chuck Grassley, ” Grassley, “ It’s, Jonathan Wackrow, Wackrow, Evan Vucci, Brendan McDermid, Reuters Trump, Anna Moneymaker, Rebecca Wright, CNN Trump, Will Lanzoni, they’ve, Rowe Organizations: CNN, Secret Service, Trump, Louisiana Republican, Fairgrounds, Butler, ESU, Secret, White House Communications Agency, Department of Defense, Iowa, Republican, Service, NSA, Reuters, Milwaukee Brat House, Republican National Convention, Reuters Police, AP, AP Trump, Pennsylvania, Department of Homeland Security, State Police Locations: Louisiana, Butler, Butler , Pennsylvania, Pa, Pennsylvania, Milwaukee

But the consequences — but the consequences of putting Donald Trump back in the White House are extremely serious. Just imagine Donald Trump with no guardrails, and how he would use the immense powers of the presidency of the United States. But Donald Trump believes a border deal would hurt his campaign, so he ordered his allies in Congress to kill the deal. Because, you know, they know — they know he is easy to manipulate with flattery and favors. They know Trump won’t hold autocrats accountable because he wants to be an autocrat himself.

Persons: Kamala Harris’s, Let’s, Doug, Cole, Ella, Dougie, Joe Biden, Joe, Tim Walz, Shyamala Harris, Donald Harris, Aretha, Coltrane, Miles, Kamala, Don’t, Shelton, Uncle Sherman, Aunt Mary, Uncle Freddie, Auntie Chris —, Family, —, Maya, Michelle, Thurgood Marshall, Constance Baker Motley, Wanda, Kamala Harris, I’ve, Donald Trump, doesn’t, “, miscarrying, Couples, John Lewis, Trump, Putin, Said, Zelensky, Biden, Kim Jong, let’s Organizations: Democratic, Mayflower, White, U.S . Capitol, Capitol, U.S, Supreme, Trump, Social Security, Affordable, of Education, Medicare, Congress, Republicans, NATO, Fellow Locations: America, India, California, Jamaica, —, Illinois, Wisconsin, East, United States of America, Oakland, Calif, United States, China, Said Russia, Russia, Ukraine, Gaza, Israel, Iran, An America, American

☆ Robert F. Kennedy Jr. Is Expected to End his Independent Presidential Campaign
▼ + stars: | 2024-08-23 | by ( Rebecca Davis O Brien | ) www.nytimes.com time to read: +1 min

Robert F. Kennedy Jr. is expected to end his troubled independent presidential campaign on Friday, according to three people briefed on his plans, and has been in talks to throw his support behind former President Donald J. Trump. Mr. Kennedy’s campaign said this week that he intended to address his “path forward” in a speech from Phoenix. Mr. Trump is expected to hold a rally later in the day in nearby Glendale, Ariz.On Thursday, Mr. Kennedy filed paperwork to withdraw from the ballot in Arizona, a spokesman for the secretary of state’s office there said. It could not immediately be determined if the campaign was taking similar steps in other states. But lawyers for Robert F. Kennedy Jr. also filed papers in federal court in New York on Thursday seeking to block the enforcement of a court decision that disqualified Mr. Kennedy from the state’s ballot.

Persons: Robert F, Kennedy Jr, Donald J, Trump, Kennedy’s, Kennedy, Mr Locations: Phoenix, Glendale, Ariz, Arizona, New York

☆ Exclusive: Buzzy mental health startup Slingshot AI just grabbed $30 million from A16z
▼ + stars: | 2024-08-20 | by ( Rebecca Torrence | Sri Muppidi | ) www.businessinsider.com time to read: +1 min

Slingshot AI raised about $30 million in an Andreessen Horowitz-led round, per multiple sources. The startup grabbed a fast-follow from Menlo Ventures shortly after the initial round, sources say. Go to newsletter preferences Thanks for signing up! Slingshot AI, which launched this year to build large-language models for behavioral health, just grabbed about $30 million in a fresh funding round led by top VC firm Andreessen Horowitz, according to three people with knowledge of the deal. Two sources said the round valued Slingshot at more than $100 million.

Persons: Andreessen Horowitz, — Organizations: Menlo Ventures, Service, Business

☆ 4 flight attendants plead guilty to smuggling drug money out of US after prosecutors say they used crewmember lanes to get through security
▼ + stars: | 2024-08-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Four flight attendants have pleaded guilty to smuggling drug money out of the US. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFour flight attendants have pleaded guilty to smuggling drug money out of the US, according to a press release from the US Attorney's Office for the Southern District of New York.

Persons: —, Sarah Valerio Pujols, Charlie Hernandez, Emmanuel Torres, Jarol Fabio Organizations: Prosecutors, Service, US, Office, Southern, of, Business Locations: Dominican Republic, of New York

☆ Starbucks' turnaround relies on an executive who is no stranger to orchestrating comebacks
▼ + stars: | 2024-08-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, it's out with the old and in with the new CEO at Starbucks. Starbucks announced CEO Laxman Narasimhan was stepping down after less than two years on the job . Chipotle CEO Brian Niccol was tapped to lead Starbucks' turnaround efforts. In the release announcing the news , Howard Schultz, Starbucks' chairman emeritus and three-time CEO, made no mention of Narasimhan in his statement. At Starbucks, Niccol won't need to navigate a brand crisis like he did with Chipotle in the wake of its E. coli outbreak.

Persons: —, he's Benjamin Button'd, Chelsea Jia Feng, Laxman Narasimhan, Brian Niccol, it's, Grace Dean, Howard Schultz, Narasimhan, Ryan Miller, Rebecca Zisser, Alex Bitter, It's, we've, Katie Notopoulos, Tyler Le, Joe Quinlan, Berkshire Hathaway, Goldman Sachs, Greg Tuorto, Josh Edelson, Justin Sullivan, Timo Lenzen, Mercedes, unmotivated, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock Organizations: Service, Starbucks, Business, Elliott Management, Orange County Museum of Art, Taco Bell, Merrill, Bank of America Private Bank, Getty, BI, Benz, Mercedes, Dolce, Gabbana, Walmart, Walgreens, Cisco Systems, UBS Locations: Chelsea, Narasimhan, Mexican, Berkshire, AFP, Dubai, Miami, New York, London

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