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NYC Mayor Eric Adams insisted that he will remain in office despite his indictment. However, the city's charter outlines two ways Adams could be forcibly removed from his position. AdvertisementAfter news broke that New York City Mayor Eric Adams was indicted on five criminal counts, many other politicians started calling on him to resign his post. The committee includes five members: New York City's top attorney, the comptroller, the City Council speaker, the borough president serving the longest consecutive term, and a deputy mayor that the mayor selects, the city charter states. If Adams is removed from office or resigns, Jumaane Williams, the city's public advocate, would serve as acting mayor.
Persons: Eric Adams, Adams, Kathy Hochul, , Adrienne Adams, Donovan Richards, Brad Lander, Richards, Lander, Muriel Goode, Trufant, Goode, Randy Mastro, Fabien Levy, Jumaane Williams, Williams, Gracie Organizations: Service, New, New York City, Gov, York, City Council, City, Speaker, The New York Times Locations: New York, Gothamist , New York City, Lander,
This week, Putin once again rattled the arms-control world by revealing proposed changes to his country’s nuclear doctrine. “In the current version of Russia’s nuclear doctrine, there is no distinction between an aggression by nuclear- and non-nuclear-weapon state,” he wrote. “There are two noteworthy points of departure from the previous 2020 Russian military doctrine,” she wrote on X. “2020 doctrine allowed the use of NW [nuclear weapons] in response to conventional aggression that jeopardizes the very existence of the state. And the results of Zelensky’s visit to the US may soon tell us whether anyone in Washington is listening to Putin’s nuclear talk.
Persons: Vladimir Putin, Putin, Volodymyr Zelensky, Biden, Pavel Podvig, , ” Podvig, , Mariana Budjeryn, Harvard Kennedy, Alexander Nemenov, Budjeryn, Kristin Ven Bruusgaard, ” It’s, Ven Bruusgaard Organizations: CNN, Kremlin, Council, Russian Federation, , Harvard, Getty, Norwegian Intelligence School Locations: Ukraine, Russia, Moscow, Washington, USSR, United States, ” Moscow, AFP, Russian
A Commerzbank AG bank branch, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Krisztian Bocsi | Bloomberg | Getty ImagesCommerzbank and UniCredit are set to begin talks Friday, with the German bank on the defensive over a potential takeover after its Italian counterpart unexpectedly increased its stake earlier this month. Speaking at a financial conference, Orlopp said the German bank was open minded, but that the speed of synergies and risks needed to be considered. The potential for a takeover or merger has been met with opposition from Germany's government and several senior figures at Commerzbank. Orlopp herself earlier this month told journalists that the process had taken Commerzbank by surprise, but urged a calm approach.
Persons: Krisztian Bocsi, Bettina Orlopp, Orlopp, Commerzbank, Manfred Knof, Germany's, Jens Weidmann, Stefan Wittmann Organizations: AG, Bloomberg, Getty, Reuters, CNBC Locations: Frankfurt, Germany, Commerzbank
OpenAI has lost a slew of key leaders since last year's effort to push out CEO Sam Altman. Here are 10 OpenAI leaders who have left the company since November. Shortly afterward, CEO Sam Altman said that two other executives, Bob McGrew and Barret Zoph, would also leave OpenAI. Like many companies, OpenAI has seen turnover among its highest ranks since its founding in 2015. But since an attempt to oust Altman as OpenAI's CEO last November, the company has lost multiple executives and key leaders.
Persons: OpenAI, Sam Altman, Mira Murati, , Bob McGrew, Barret Zoph, Altman, McGrew's, Elon Musk, Altman's, Helen Toner, Tasha McCauley, Toner, McCauley, Greg Brockman Organizations: Service, ChatGPT Locations: OpenAI
Alex Spiro, a high-profile lawyer, is representing Mayor Eric Adams as he battles criminal charges. He's defended both Elon Musk and Alec Baldwin. The litigator is bringing his hard-charging tactics to the federal criminal case against New York City Mayor Eric Adams. The manslaughter case against Baldwin was shockingly dropped earlier this year after Spiro argued that prosecutors hid key evidence before trial. Read the full profile of Alex Spiro here.
Persons: Alex Spiro, Eric Adams, Spiro, He's, Elon Musk, Alec Baldwin, , Adams —, Adams, Jack Newsham, who's, Jay, Robert Kraft, Thabo Sefolosha, he's, cocounsels, Baldwin, Newsham, Alex, Randy Zelin, Zelin Organizations: Elon, Business, Service, New York City, New York Police Department, Prosecutors, Turkish Airlines, BI, Harvard Law, New England Patriots, NBA, Cornell Law School Locations: New
Spitznagel thinks they should focus instead on lagging drivers that could spur a sharp stock downturn. Advertisement"Black Swan" investor Mark Spitznagel thinks that the stock market's streak of record highs is distracting from a more jarring reality that could come by year-end. In a recent interview with Bloomberg TV, he said investors are currently enjoying a market that's in a "Goldilocks zone." "When the yield curve disinverts and then unverts, the clock starts ticking and that's when you enter black swan territory," Spitznagel told Bloomberg. He has warned of a stock market crash since January 2023, and back in July, he said the market's yearslong rally has become the "greatest bubble in human history," and its bursting would make for a recession.
Persons: Stocks, they've, Mark Spitznagel, Spitznagel, , That's, capitalizes Organizations: Service, Bloomberg TV, Bloomberg, Universa Investments
United States Capitol building and an Iranian flag are seen at the photo exhibition organized by the Iranian-American community and supporters of the Iranian Resistance at the National mall in Washington D.C., United States. Federal prosecutors on Friday announced criminal charges against three Iranian nationals in connection with a recent hack of Republican presidential nominee Donald Trump's campaign and other cyberattacks. The charges come amid heightened scrutiny about how foreign actors, especially Iran, China and Russia, are trying to influence the American presidential race between Trump and Democratic nominee Kamala Harris. Officials have said that Iran is working to hurt Trump's campaign, while Russia prefers Trump, who has declined to say he wants Ukraine to win its war against invading Kremlin forces. China, meanwhile, has pushed anti-democracy influence operations but has not clearly sided with either the Republican or Democratic tickets, officials have said.
Persons: Donald Trump's, General Merrick Garland, Masoud Jalili, Seyyed Ali Aghamiri, Yasar, Kamala Harris ., Trump's, Garland, Friday's presser Organizations: Capitol, Iranian, National, Washington D.C, Islamic Revolutionary Guard Corps, Washington , D.C, U.S, Trump, Democratic, NBC News, Kremlin, Republican Locations: Iranian, Washington, United States, Washington ,, U.S, Iran, China, Russia, Ukraine
Threads is blocking links to an article that may contain links to leaked documents about JD Vance. AdvertisementThreads is following X's lead, blocking links to purportedly leaked documents about vice presidential candidate JD Vance. Meta says the links could come from hacked or leaked sources — and it's blocking them because of the potential connection. ThreadsThreads is now blocking links to the post, too. Threads posts that contain a link to Klippenstein's Substack article aren't being removed, but the link isn't clickable.
Persons: JD Vance, X, , Meta, Trump, Ken Klippenstein, Klippenstein, Hunter Biden, Elon Musk, Mark Zuckerberg, Sen, Jim Jordan Organizations: Meta, Service, FBI, Independent Locations: Iran
Open AI CEO Sam Altman said he doesn't see AI replacing human writers. AI's use in writing has grown since ChatGPT's launch, with some authors even using AI to write and illustrate books. AdvertisementWhile multiple jobs are seemingly at risk of one day being replaced by AI, Sam Altman doesn't believe writers are one of them. One freelance writer previously told BI that they lost a job after their client began using AI to replace his services. But Altman remains confident that human writers will maintain an advantage over AI — original idea generation.
Persons: Sam Altman, Altman, , Sam Altman doesn't, podcaster David Perell, Tim Boucher, Claude, ChatGPT, OpenAI Organizations: Service, o1, GPT
The high price of weight-loss drugs is frustrating for patients who can't access them, a doctor said. Patients struggle to afford these drugs, leading to cycling, rationing, or using risky alternatives. AdvertisementPharmaceutical companies are facing a new wave of criticism for the high price of groundbreaking weight-loss drugs. The latest generation of these class of drugs, medications like Ozempic, Wegovy, Mounjaro, and Zepbound, are once-weekly injections. The competitive pressure will also help drive prices lower as companies aim to attract consumers back to their brand with cheaper options for weight-loss drugs.
Persons: , Dr, Christopher McGowan, McGowan, that's, they've, Ted Kyle, Kyle Organizations: Service, Pharmaceutical, FDA
Tesla workers in Germany have received home visits from managers when out sick, a German newspaper reported. AdvertisementSome Tesla workers have received visits at home from managers while off sick, according to a report from German newspaper Handelsblatt, which cited a recording of an internal meeting. AdvertisementHe added that Tesla workers report "extremely high workloads," with management pressuring those who are out sick as healthy employees are overloaded with additional work. — Elon Musk (@elonmusk) September 26, 2024In January, Musk warned Tesla workers to prepare for a ramped-up workload as he previewed plans for a mass-market EV. AdvertisementIn 2022, shortly after he took over X, Musk complained that because the company's San Francisco headquarters was about 90% empty, its free-lunch perk cost it more than $400 per meal.
Persons: Handelsblatt, Elon Musk, , Dirk Schulze, Musk, Alex Tourville, — Elon, Tesla Organizations: Berlin, Service, Metall, Bloomberg, Business, San, X's Locations: Germany, Tesla's, Fremont , California, San Francisco, Austin , Texas
Brokerages have also jumped in on the action, with several companies dropping the rates they pay on sums held in cash sweep accounts. Charles Schwab recently trimmed its cash sweep rate to 20 basis points, where it was previously 45 basis points, according to an analysis by Bank of America. Wells Fargo also dropped rates by 3 basis points to 30 basis points, based on the level of clients' household assets. A few outliers still pay solid rates on idle cash Brokerages take different approaches toward cash sweeps, with some firms opting to keep rates low even when the Fed was hiking rates. Even as yields are expected to continue falling, a couple of brokerages continue to offer competitive rates, Bank of America found.
Persons: Marcus, Goldman Sachs, Wells, Michael Kaye, Charles Schwab, Wells Fargo, Robinhood, Ryan Salah, We've Organizations: Federal Reserve, Fed, Discover Financial, Bank of America, Wells, Advisors, Interactive, Robinhood, Capital Financial Partners Locations: Wells Fargo, Towson , Maryland
We are selling 75 shares of GE Healthcare at roughly $93.86. Following the trade, Jim Cramer's Charitable Trust will own 925 shares of GEHC, decreasing its weighting to 2.5% from 2.72%. After further contemplation since the Morning Meeting , we are trimming our position in GE Healthcare. It's been the second best-performing healthcare stock in the S & P 500 this past month, rallying roughly 11% to put its year-to-date gains at 21%. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, It's, Jim Cramer, Jim Organizations: GE Healthcare, UBS, GE, CNBC, Traders, NYSE Locations: China
She spent three years trying to earn back his trust and forgiveness but it didn't work. Grohl said, "I am doing everything I can to regain their trust and earn their forgiveness." I spent three years trying to do that and it cost me entire sense of self until I finally forgave myself. The dramatic weight loss at least offered another way to maybe earn forgiveness because he had always liked thin girls. I'd wake up panicking that I'd cheated again without meaning to.
Persons: Nicola Prentis, , Dave Grohl's, Grohl, I'd, I, Nicol Organizations: Service Locations: Istanbul, Madrid
The social-media giant held its big Meta Connect conference in Silicon Valley this week. Mark Zuckerberg is spending heavily on AI and AR technology. That effort continued into 2024 as the Meta CEO whittled down VP ranks and took more cost-cutting steps. Tech reporter Pranav Dixit attended and noticed that the WiFi password for the event was "effici3ncy." A post on Threads Pranav Dixit/ThreadsDixit posted about this on Threads and Zuckerberg liked the post.
Persons: Mark Zuckerberg, , Mark Zuckerberg's, bender, Zuckerberg, Pranav Dixit, Dixit, Mark Zuckerberg Pranav Dixit, Meta, didn't Organizations: Meta, Service, OpenAI, Microsoft, Google, Meta Connect, Silicon Valley . Tech Locations: Silicon, Silicon Valley
CNN —Billing itself as the world’s “first holographic communications platform,” US startup Proto is beaming life-size, “3D” video into universities, hotels and medical centers. The boxes can reproduce pre-recorded video as well as a live feed, and any 4K camera, including an iPhone, can be used as the source. Nussbaum, whose background is in radio and podcasting, started Proto in 2018. In 2023, video of actor William Shatner was beamed from Los Angeles to the Advertising Week APAC event in Sydney, Australia. A similar technology launched by Dutch company Holoconnects has been deployed at hotels in Scandinavia, and used for advertising by BMW.
Persons: CNN —, , William Shatner, , David Nussbaum, Nussbaum, Holoconnects, Gary Burnett, Proto, Clay Jackson, Crystal Freeman, Organizations: CNN, Inc, Amazon, Verizon, Siemens, Accenture, Walmart, NFL, JFK, Beverly Wilshire, BMW, Google, HP, Cisco, MIT, Vanderbilt, Stanford, University of Loughborough, Loughborough University, West Cancer Center, University of Tennessee College of Medicine Locations: Los Angeles, Orlando , Florida, Sydney, Australia, New, Beverly Hills , California, Scandinavia, Webex, Central Florida, Memphis , Tennessee, New Jersey
In her three years as a dating coach Kelsey Wonderlin has learned that the majority of the 200 people she's counseled care about how much their potential mate earns. Evaluating a person based on their salary might seem shallow, but how someone spends their money can be a bellwether of their priorities. However, outright asking how much a person makes on a first date is not the right way, or the right time, to figure out if you two align on how you handle money. "On a first date that would be a socially unacceptable question to ask," Wonderlin says. "It's an unrealistic viewpoint that if someone makes this certain number everything will be great," Wonderlin says.
Persons: Kelsey Wonderlin, she's, Wonderlin
The Women's National Basketball Association's viewership and attendance boomed during the 2024 season, as the league's popularity soared due to young stars like Caitlin Clark and Angel Reese. The league's games drew more than 54 million unique viewers, an all-time record, across various networks including Disney 's ABC and ESPN, Paramount Global' s CBS, E.W. Scripps' Ion and NBA TV, among others, according to data the WNBA released on Friday. In addition, WNBA game attendance hit its highest level in 22 years, and grew almost 50% from the 2023 season, according to the league. Asked about the dynamic on CNBC earlier this month, WNBA Commissioner Cathy Engelbert did not explicitly condemn the vitriol toward players, sparking criticism from around the league.
Persons: Caitlin Clark, Destanni Henderson, Angel Reese, Scripps, Ion, Clark, Reese, Cathy Engelbert Organizations: Indiana, Atlanta, WNBA, Gainbridge Fieldhouse, Disney, ABC, ESPN, Paramount, CBS, E.W, NBA, Indiana Fever, Chicago Sky, Las Vegas Aces, CNBC Locations: Gainbridge, Indianapolis , Indiana, Portland
The ridehailing company will now deliver costumes, makeup, and even decorations from Spirit Halloween, the largest Halloween retailer in North America, Uber announced in a press release Friday. Big-box retailers are getting into Halloween earlier and earlier, suggesting American consumers continue spending on the October holiday even as they pull back from other discretionary purchases. Customers in the US and Canada can buy their Chipotle burrito costume for the same price as in store, but without having to visit the seasonal Halloween store that pops up in abandoned storefronts every year, Uber said. Of course, there will still be the fees associated with Uber Eats delivery. Uber Eats has also partnered with Big Lots, Lowe’s, Michael’s and Party City for on-demand delivery.
Persons: New York CNN — Uber, Uber, , Beryl Sanders Organizations: New, New York CNN, Uber, Party City Locations: New York, North America, Canada, Olive, Michael’s
LONDON — European markets headed for a higher open on Friday as investors weighed the outlook for the economy and looked to fresh data. European stocks had climbed Thursday, with the pan-European Stoxx 600 closing 1.25% higher after being boosted by gains in Asia-Pacific markets. Those widely continued their climb on Friday, still buoyed by China's announcement of stimulus measures earlier in the week. Economists are expecting headline PCE to have risen 2.3% on an annual basis and 0.1% from the previous month. Back in Europe, preliminary inflation data for September is expected out of France, and the latest German unemployment data is also due.
Persons: Germany's DAX Organizations: CAC, MIB, LONDON, People's Bank of, PCE Locations: Asia, Pacific, People's Bank of China, U.S, Europe, France
I decided to finally declutter and say goodbye to things I didn't think I could part with. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA sign on my home office door says, "Creative People Don't Have a Mess; They Have Ideas Lying Around Everywhere." I've created a three-step process to trick myself into saying goodbye to my junk without squashing my personality or memories. I am finally able to say goodbye to my belongings, knowing that they will be adopted.
Persons: , I've, Gamify, she'd, Donna Summer, Ivy Eisenberg Organizations: Service, Facebook, Vietnam Veterans Locations: Ulta, France, America, White Plains , New York, Queens, New York City
Jennifer Aniston was the last of the main six to officially join the cast. The show's producers didn't know if they'd keep her as Rachel at first. Warner Bros. TelevisionNow one of the most sought-after actors in Hollywood, Aniston was still new to acting when the pilot of "Friends" was filmed. In 2013, Aniston told Us Weekly that she was the last of the six main cast members to be added to the series. Aniston proved integral to the cast and went on to win an Emmy for her performance as Rachel Green.
Persons: Jennifer Aniston, didn't, they'd, Rachel, Aniston, Rachel Green Organizations: Warner Bros . Television, Hollywood, Weekly
A rare bullish signal with a perfect track record flashed in the stock market this week. This signal has flashed 28 times since 1962, with the S&P 500 averaging 15% returns one-year later. AdvertisementAn ultra-rare bullish signal with a perfect track record flashed in the stock market this week, suggesting another year of record highs ahead. Advertisement"Similar improvements in market breadth resulted in a 96% win rate over the following year," Christians said in a note to clients on Tuesday. But the signal has a perfect win rate when it flashes while the stock market is at or near record highs, as it did this week.
Persons: , McClellan, SentimenTrader, Dean Christians, that's Organizations: Service
CNN —By losing to the Detroit Tigers 4-1, the 2024 White Sox entered the record books as one of the most inept teams in sports history. hold the overall record for losses when the then National League team finished with an abysmal 20-134 record. The signs of a historically bad year started at the beginning of this season when the White Sox opened with just three wins in the first 25 games. The team would later lose 14 straight games and then suffer a 21-game skid, tying the American League record with the 1998 Baltimore Orioles. Ahead of the undesired deed, infielder Nicky Lopez, who grew up a White Sox fan as a kid, told MLB.com, “It obviously sucks.
Persons: Zach DeLoach, Cy Young, Nicky Lopez, I’m, CNN’s Jacob Lev Organizations: CNN, Detroit Tigers, White Sox, 121st, Major League Baseball, The Tigers, Chicago, Tigers, Los Angeles Angels, New, Mets, New York, Cleveland Spiders, National League, Spiders, American League, Baltimore Orioles, ” Chicago, San Diego Padres, MLB, Sox Locations: New York City, Cleveland, , Chicago
Prosecutors allege New York City Mayor Eric Adams solicited travel from foreign businesspeople. As a city official, Adams should have disclosed the gifts and travel benefits, Williams said. AdvertisementThese are the travel benefits and luxury perks federal prosecutors allege Adams has solicited since 2016. Flights to France, Turkey, and ChinaIn 2017, Adams accepted free business class tickets for himself and travel companions to France, Turkey, and China, per the indictment. The travel benefits were worth more than $9,000 and Adams failed to disclose them, prosecutors said.
Persons: Eric Adams, Adams, , rebuking, Damian Williams, Williams Organizations: New York City, Service, New, Democratic, Turkish, Prosecutors, Business, Bentley, Turkey Prosecutors Locations: New York, Manhattan, Brooklyn, York, India, Turkey, France, China, Istanbul, Regis, Hungary, St, Ghana
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