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Microsoft told employees on Thursday that it has hired Carolina Dybeck Happe as its executive vice president and chief operations officer, reporting to CEO Satya Nadella. Dybeck Happe comes from GE, where she was senior vice president and chief financial officer from 2020 until September 2023. She will join Microsoft's senior leadership team alongside finance chief Amy Hood, cloud and AI engineering leader Scott Guthrie and other executives. GE CEO Larry Culp called Dybeck Happe "a high-impact executive" when GE announced in 2019 that it had picked Dybeck Happe to replace Jamie Miller as chief financial officer. Before that, she spent almost 17 years at Swedish lock company Assa Abloy, where she became chief financial officer and deputy CEO.

Persons: Carolina Dybeck, Satya Nadella, Dybeck Happe, Microsoft's, Amy Hood, Scott Guthrie, Nadella, Dybeck, Rajesh Jha, Larry Culp, Jamie Miller, Kevin Turner, Gene Munster Organizations: Microsoft, GE, Microsoft Digital IT, Microsoft Business Operations, GE Aerospace, GE Vernova, New York Stock Exchange, Maersk, Walmart Locations: Carolina, Swedish

☆ Judge considers revoking guilty plea of FTX executive Ryan Salame, accusing him of lying under oath
▼ + stars: | 2024-09-12 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

US District Judge Lewis Kaplan scheduled the hearing after Ryan Salame, a former executive of Alameda Research and FTX Digital Markets, tried to withdraw his guilty plea. Salame said prosecutors broke a promise to him by later indicting his romantic partner, Michelle Bond — a claim that prosecutors vigorously disputed. Instead, Kaplan grilled Salame under oath for over 30 minutes in his Manhattan courtroom Thursday morning, accusing him of misrepresenting the plea negotiations. That left Kaplan in a bind: Either Salame lied in his plea hearing, throwing the plea into doubt. Bond would not be pursued if I plead guilty," Salame said.

Persons: —, who's, Lewis Kaplan, Ryan Salame, Salame, Michelle Bond, Kaplan, Sam Bankman, Salame didn't, Bond, FTX, Mary Altaffer, wasn't, Danielle Sassoon, Christopher Bartolomucci, he'll, Salame's Organizations: Service, Alameda Research, FTX, Markets, Business, Prosecutors, AP, US, Office, Southern, of Locations: Manhattan, Alameda, of New York

☆ Three key questions that will shape whether Coach and Michael Kors owners will merge
▼ + stars: | 2024-09-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

In this article CPRITPR Follow your favorite stocks CREATE FREE ACCOUNTPedestrians walk past a Coach store and a Michael Kors store. One of the major debates in court has surrounded who are Coach and Michael Kors' true competitors. She said in her experience, Coach, Kate Spade and Michael Kors have never come up in customer surveys or company conversations about the competition. And he said it wouldn't need to worry as much, even if Michael Kors' brand continued to be challenged. "Once they come together, if Michael Kors continues to decline, some of that decline is going to benefit the Coach brand," he said.

Persons: Michael Kors, Scott Olson, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Joanne Crevoiserat, Biden, LVMH, Louis Vuitton, Crevoiserat, she's, fanny, Chanel, Rebecca Minkoff, Suwon Yang, Saint Laurent, Hermes, Loren Smith, Smith, Kors, Capri Organizations: Federal Trade Commission, Capri, FTC, CNBC, Capri's, Burberry, Tapestry, D.C Locations: New York City, Manhattan, Zara, Suwon, Italy, France, Washington, U.S

☆ AI is forcing many companies to make difficult, costly hiring decisions
▼ + stars: | 2024-09-12 | by ( Barbara Booth | ) www.cnbc.com time to read: +6 min

But Kardes says the challenge lies in "ensuring the external expertise is effectively integrated with the internal team…to prevent long-term dependency." People have been doing machine learning and other parts of AI for a long time, but [generative AI] is somewhat novel." Instead of hiring external AI consultants, he developed a "tiger team" — a specialized internal team dedicated to experimenting with AI. Gen AI resultsBitsight's AI experiment focused on automating a labor-intensive task: leveraging generative AI to process vast amounts of cybersecurity articles produced daily across multiple languages. Today the company has more than 200 AI models embedded in various applications and workflows, driving innovations in senior care.

Persons: Hakan Kardes, Kardes, upskilling, Stephen Boyer, they've, who've, Boyer, Bitsight's, We've, Ryan Sutton, Robert Half, Sutton Organizations: Meta, Health, Tech

☆ OpenAI takes another step closer to getting AI to think like humans with new 'o1' model
▼ + stars: | 2024-09-12 | by ( Lakshmi Varanasi | Jyoti Mann | ) www.businessinsider.com time to read: +4 min

The new model can work through complex tasks and, in comparison to previous models, solve more difficult problems in science, coding, and math. AdvertisementFor example, it beat GPT-4o — a multimodal model OpenAI unveiled in May — in the qualifying exam for the International Mathematics Olympiad by a long shot. Over the summer, while o1 was still in development, the company unveiled a new five-level classification system for tracking its progress toward that goal. But when Mollick asked o1 to solve a crossword puzzle, it thought about it for a "full 108 seconds" before responding. AdvertisementSince OpenAI unveiled GPT-4 last year, it's been releasing successive iterations in its quest to invent AGI.

Persons: —, OpenAI, Ethan Mollick, Mollick, Gary Marcus, it's Organizations: Service, Business, o1, International, Company, University of Pennsylvania's Wharton School, New York University Locations: —, AGI, GPT

☆ The newest expenses Americans are cutting back on to save money: Travel, clothes, car insurance, and DIY projects
▼ + stars: | 2024-09-12 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +1 min

Despite easing inflation, many Americans are still looking for new ways to save money. Travel, car insurance, clothes, and home improvement are four areas people have cut back spending. AdvertisementInflation may be coming down, but Americans are still looking for ways to save money. Over the past year, many US consumers have spent less money on travel, clothes, home improvement, and car insurance, according to surveys, business executives, and analyses of Americans' spending patterns. For some people, this means seeking out lower-priced clothing, travel destinations, DIY project options, and car insurance policies.

Persons: — Organizations: Service

☆ Bao Fan: a CEO went missing. Then his bank got a mysterious bill for $11 million
▼ + stars: | 2024-09-12 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A Chinese investment bank known for making some of the biggest deals in the country’s tech sector during its heyday has revealed it received a massive bill for 78 million yuan ($11 million) related to the disappearance of its star banker, Bao Fan. The request for payment from unspecified Chinese authorities only deepens the mystery surrounding the whereabouts of Bao, who founded boutique investment bank China Renaissance in Beijing in 2005 and made it one of the top dealmakers for Chinese tech firms. He helped broker the 2015 merger between two of the country’s leading food delivery services, Meituan and Dianping. In February 2023, China Renaissance reported him missing amid a wider anti-corruption crackdown. CNN has reached out to the investment bank for additional information.

Persons: Bao Fan, Bao, Mr Bao, Zhonghui, Deloitte Touche Tohmatsu Organizations: Hong Kong CNN, Economic Observer, Central Commission, CNN, Financial Times, China Renaissance, Zhonghui Anda CPA, Deloitte Locations: China, Hong Kong, Beijing, Dianping, Bao, Zhonghui Anda

☆ OpenAI, Anthropic and Google execs meet with White House to talk AI energy and data centers
▼ + stars: | 2024-09-12 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Leaders at OpenAI, Anthropic, Microsoft , Google and several American power and utility companies met Thursday at the White House to discuss the future of artificial intelligence energy infrastructure in the U.S., sources familiar with the meeting told CNBC. An OpenAI spokesperson told CNBC that the company believes building additional infrastructure in the U.S. is critical to the country's industrial policy and economic future. by ensuring data-centers are built in the United States while ensuring the technology is developed responsibly," White House spokesperson Robyn Patterson told CNBC. White House chief of staff Jeff Zients and White House deputy chief of staff Bruce Reed also attended, according to a source. Anthropic counts Amazon as a leading investor, while OpenAI is heavily backed by Microsoft.

Persons: Sam Altman, Dario Amodei, Ruth Porat, OpenAI, Biden, Harris, Joe, Kamala, Robyn Patterson, Gina Raimondo, Jennifer Granholm, Jake Sullivan, Ali Zaidi, Kristine Lucius, John Podesta, Jeff Zients, Bruce Reed, Anthropic, government's Organizations: Microsoft, Google, White, CNBC, CNN, U.S . National, White House, AI Safety, Department of Commerce, National Institute of Standards, Technology, Biden Locations: U.S, America, Wisconsin , California , Texas, Pennsylvania, A.I, United States

☆ Nvidia chips are in such high demand that customers are 'emotional,' Huang said
▼ + stars: | 2024-09-12 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewNvidia CEO Jensen Huang said that a shortage of his company's products is making customers "emotional" and that things are tense. Huang, dubbed the King of AI, said the demand for Nvidia's products is so high because everyone wants to get them first — and they want a lot. He added, "Demand is so great that delivery of our components, our technology, infrastructure, and software is really emotional for people." "We probably have more emotional customers today. In August, Nvidia sparked worries that its next generation of AI chips, Blackwell , would be delayed by two to three months.

Persons: —, Jensen Huang, Huang, Goldman Sachs, Blackwell Organizations: Service, Business, Nvidia, Meta, Microsoft, Google, Blackwell Locations: San Francisco

☆ UAW, U.S. dealers increase criticism of Stellantis CEO over cuts, sales declines
▼ + stars: | 2024-09-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

David Dee Delgado | ReutersDETROIT – Stellantis ' U.S. dealer network has joined the United Auto Workers union in criticizing CEO Carlos Tavares for the company's recent sales declines, factory production cuts and other decisions they deem detrimental to the automaker's business. "The market share of your brands has been slashed nearly in half, Stellantis stock price is tumbling, plants are closing, layoffs are rampant, and key executives fleeing the company. We will continue to work with our dealers to avoid any public disputes that will delay our ability to deliver results." Stellantis reported a record profit in 2023, but so far this year, the automaker reported a first-half net profit of 5.6 billion euros ($6.07 billion), down 48% from the same period of 2023. It's part of his "Dare Forward 2030" plan to increase profits and double revenue to 300 billion euros ($325 billion) by 2030.

Persons: Carlos Tavares, David Dee Delgado, Tavares, Kevin Farrish, Farrish, Ford Stellantis, Stellantis, Shawn Fain, Kamala Harris, Tim Walz, Rebecca Cook Organizations: New York, Auto, Reuters DETROIT, United Auto Workers, Chrysler, Dodge, Investor, Bloomberg, Stellantis, GM, Fiat Chrysler, France's PSA Groupe, UAW, U.S, Democratic Locations: Manhattan , New York, U.S, Virginia, Romulus , Michigan

☆ Mr ChatGPT and other AI power players are going to the White House to discuss AI’s massive thirst for energy
▼ + stars: | 2024-09-12 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

The meeting, which hasn’t been previously reported, is the first time senior White House officials will sit down with tech company leadership to discuss how to quench AI’s insatiable thirst for energy. The source said the White House expects to detail how the public and private sector can work together to maintain US leadership in AI in a sustainable way. AI is expected to spark a 160% surge in power demand from data centers by 2030, according to Goldman Sachs. Exowatt just launched a new system that can generate and store clean energy to AI data centers. Other US officials expected to attend Thursday’s AI power meeting include White House Chief of Staff Jeff Zients, National Economic Adviser Lael Brainard, National Security Adviser Jake Sullivan and top climate officials Ali Zaidi and John Podesta.

Persons: Sam Altman, Ruth Porat, Dario Amodei, hasn’t, Jennifer Granholm, Gina Raimondo, Harris, Joe Biden, Kamala Harris, Biden, Goldman Sachs, Altman, ”, ” Altman, “, Robyn Patterson, Jeff Zients, Lael Brainard, Jake Sullivan, Ali Zaidi, John Podesta, Oprah Winfrey, Bill Gates Organizations: CNN, White, Google, White House, Wall, . Energy, Biden, Microsoft, International Energy Agency, Washington Post, United, “, National Economic, National, ABC Locations: America, Washington, United States, Exowatt

However, experts say there is more to Beyoncé’s snub than the industry’s longtime erasure of Black artists’ contributions to country music. In contrast, rapper Post Malone made his first foray into country music this year and opted for a more mainstream country music sound, tapping Nashville giants to assist in his project. As one of the largest pop stars in the world, her career is not dependent on Nashville or the Country Music Association, which runs the CMA Awards. Neither Beyoncé nor the Country Music Association responded to a request for comment on the matter. The CMA Awards snub has opened up a dialogue about where the country music industry can go from here.

Persons: Carter ”, Beyoncé, Amanda Marie Martinez, tonks, ”, Martinez, Post Malone, Morgan Wallen, Tim McGraw, Blake Shelton, Luke Combs, Malone, Cowboy Carter, ” Martinez, Emmett Price III, Price, Carter, Cowboy Carter ”, Shaboozey, ” Price Organizations: Music, The, University of North, Chapel Hill, Artists, Nashville, Country Music Association, CMA, Tennessean, Berklee College of Music, “, NBC Locations: University of North Carolina, Chapel, Nashville , Tennessee, Nashville, Texas, Beyoncé

☆ Caroline Ellison seeks to duck prison sentence for role in FTX collapse
▼ + stars: | 2024-09-11 | by ( Mackenzie Sigalos | Mackenzie Sigalos Is A Technology Reporter For Cnbc With A Focus On Cryptocurrency | ) www.nbcnews.com time to read: +4 min

Lawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for their client’s role in the implosion of the crypto empire that was run by her former boss and ex-boyfriend. Judge Lewis Kaplan, who presided over Bankman-Fried’s case, cited Ellison’s testimony when he decided in March to sentence the FTX founder to 25 years behind bars. Ellison, who ran Alameda Research, agreed to a plea deal in December 2022, a month after FTX spiraled into bankruptcy. Bankman-Fried forced Ellison into a sort-of isolation, culminating in her moral compass being “warped,” the lawyers say. Her former roommates and ex-FTX executives, Nishad Singh and Gary Wang, will be sentenced in October and November, respectively.

Persons: Caroline Ellison, Sam Bankman, Ellison, Judge Lewis Kaplan, FTX spiraled, “ Caroline, John Ray, “, Fried, disentangling, ”, ” She’s, that’s, ” Ellison, Nishad Singh, Gary Wang, — CNBC’s Dan Mangan Organizations: U.S, Alameda Research, court’s, Department, ”, Bankman Locations: FTX’s Bahamas, Alameda, Boston, Hong Kong, Bahamas, Bankman

☆ A Neom executive reportedly complained about having a meeting on a Sunday evening after 3 workers died
▼ + stars: | 2024-09-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewA Neom executive reportedly complained about having an emergency meeting on a Sunday evening following the deaths of three employees working on Saudi Arabia's megaproject estimated to cost between $500 billion and $1.5 trillion, according to a bombshell Wall Street Journal report. Wayne Borg, a former Fox Corp executive, reportedly described Neom's blue-collar workers from the Indian subcontinent as "f—ing morons" and said "that is why white people are at the top of the pecking order." This story is available exclusively to Business Insider subscribers. Citing current and former Neom employees, the Journal reported that three workers were killed by a falling pipe, a collapsing wall, and mishandled explosives. Neom told the Journal it has a zero-tolerance policy toward inappropriate workplace behavior.

Persons: —, Wayne Borg, we've, Borg, Prince Mohammed bin Salman's, Neom Organizations: Service, Saudi, Fox Corp, Business, Journal, BBC, Neom Locations: Saudi Arabia, Saudi

☆ Saudi Arabia's Neom project devolved into a wrestling match between bosses, report says
▼ + stars: | 2024-09-11 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

A new report details chaos and feuds among bosses working on the Saudi Arabian Neom project. The Wall Street Journal said two people working on the project got into a physical fight. Saudi Arabia is plowing trillions of dollars into building the Neom megacity. Go to newsletter preferences Thanks for signing up! AdvertisementA dispute between a Neom executive and construction manager degenerated into a physical brawl, according to a report by The Wall Street Journal.

Persons: —, Antoni Vives Organizations: Street Journal, Service, Wall Street, Business Locations: Saudi Arabian, Saudi Arabia, Spain

☆ Norfolk Southern board probe focusing on CEO's relationship with chief legal officer
▼ + stars: | 2024-09-11 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Norfolk Southern CEO Alan Shaw testifies at a hearing before the Senate Environment and Public Works Committee on protecting public health and the environment in the wake of the Norfolk Southern train derailment and chemical release in East Palestine, Ohio in Washington, D.C., the United States, March 9, 2023. The board's focus on that other executive, chief legal officer Nabanita Nag, has not previously been detailed. Norfolk Southern said it won't comment until the conclusion of the probe. The Wall Street Journal earlier reported that Shaw was expected to resign, citing people familiar with the matter. The railroad's board is presented with a significant challenge: the alleged relationship involves the chief executive and Nag, who is also the company's corporate secretary — the two executives which have the most contact with the board.

Persons: Alan Shaw, Ancora, Nabanita Nag, Nag, Shaw, We're, Scott Bunten, We've, haven't, Bunten Organizations: Norfolk Southern, Environment, Public, Washington , D.C, of Locomotive Engineers, Trainmen, CNBC, Norfolk, Street Locations: Norfolk, East Palestine , Ohio, Washington ,, United States

☆ JD Vance's Wall Street allies raise millions for the Trump campaign
▼ + stars: | 2024-09-11 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Wall Street relationshipsOne of Vance's earliest interactions with Wall Street came shortly after the November 2016 presidential election, when he headlined a lunch in New York to discuss his newly published memoir. John Underwood, a longtime managing director at Goldman Sachs, encouraged his allies to support and raise money for Vance's Senate campaign, according to people familiar with the matter. He told them the Trump campaign would need "hundreds of millions of dollars" to compete with Vice President Kamala Harris' fundraising surge. The Ohio Republican's opposition to Wall Street was on full display during the Republican National Convention in Milwaukee in July. "Wall Street barons crashed the economy and American builders went out of business," Vance said in his nomination acceptance speech.

Persons: Vance, Marco Bello, Sen, JD Vance, Donald Trump's, Scott Bessent, Morgan Stanley's Jonathan Burkan, Cantor Fitzgerald, Howard Lutnick, Norm Champ, Keith Rabois, Jacob Helberg, J.D, Champ, Sander Gerber, Gerber, Goldman Sachs, Ohio Republican Sen, Rob Portman, John Underwood, Underwood, Steve Case, Trump, Omeed Malik, Emil Henry, Henry, Bush, Ted Virtue, Woody Johnson, Clifford Sobel, Richard Kurtz, Kamala Harris, Harris, Malik, John Paulson, Reuben Jeffery III Organizations: Republican U.S, Reuters, Ohio, Trump, Vance, Securities and Exchange Commission, CNBC, Hudson, Hudson Bay Capital, Netflix, Allen & Company, Ohio Republican, Senate, AOL, Tiger Infrastructure Partners, New York Jets, Hamptons, Valor Capital, Rockefeller & Co, Wall, Republican National Convention Locations: Kenosha, Kenosha , Wisconsin, U.S, New York City, Hudson Bay, New York, Ohio, Sun Valley , Idaho, Washington, Milwaukee

☆ What you need to know about Kamala Harris' 'opportunity economy'
▼ + stars: | 2024-09-11 | by ( Kwan Wei Kevin Tan | Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +7 min

Read previewVice President Kamala Harris says she has a plan for America's middle class— building an "Opportunity Economy" to help them succeed. "Vice President Harris grew up in a middle class home as the daughter of a working mom. She believes that when the middle class is strong, America is strong," the Harris campaign wrote in a section titled "Build an Opportunity Economy and Lower Costs for Families." But just what exactly is Harris looking to do when she says she's going to build up the middle class through her "Opportunity Economy" agenda? During the debate, Harris accused Trump of only wanting to offer tax breaks to the richest people, while Trump countered by saying Harris lacked a detailed plan.

Persons: —, Kamala Harris, Harris, Donald Trump, she's, Biden, Trump, Alice Tecotzky, Goldman Sachs Organizations: Service, Business, Trump, American, Biden, Pharma, New York Times, Siena College Locations: America, North Carolina

☆ California attorney general warns tech platforms to look out for voter deception ahead of election
▼ + stars: | 2024-09-11 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

California Attorney General Rob Bonta cautioned executives at social media and other tech companies to work harder to protect voters from "deception, intimidation, and dissuasion," ahead of the November election. The letter reviewed sections of California law that prohibit interference with voting rights by misleading people about voting place and time and by using intimidation tactics. The letter follows pop icon Taylor Swift's endorsement of Kamala Harris for president on Tuesday night following the debate. Separately, X owner Elon Musk recently shared an AI-generated image portraying Harris dressed as a communist dictator. In August, an updated version of xAI's product, Grok-2, appeared to carry few limitations on creating fake images of political figures.

Persons: Rob Bonta, Bonta, Taylor, Kamala Harris, Swift, Donald Trump, Trump, Elon Musk, Harris, Kamala, Musk, OpenAI's Dall, Musk's Organizations: Microsoft, YouTube Locations: California

But broadband companies have been focused on transitioning their customers to other affordable options to help them make up the expired discount, according to the companies’ earnings calls. In the wake of the ACP’s expiration, broadband companies have reported losing some customers. While broadband providers were generally supportive of the ACP, many in the industry believed the subsidy benefitted too wide a swath of U.S. households. During the second quarter, Charter reported a loss of 149,000 internet customers, while Comcast reported a decline of 120,000 broadband customers. Charter has tried to retain its low-income consumer base by rolling out new savings deals like offering ACP customers a free unlimited mobile line for one year.

Persons: ’, ”, Craig Moffett, “, Blair Levin, Mike Carey, Nikki Budzinski, GOP Sen, JD Vance, Ohio, Donald Trump’s, Vance quieted, ” Gigi Sohn, Joe Biden, Sohn, Wall, they’re, ” Sohn, ” Carey, ” Budzinski, Chris Winfrey, “ We’ve, ” Moffett, MoffettNathanson, Gigi Sohn’s Organizations: Charter, Verizon, Comcast, Program, Federal Communications Commission, Democratic, Republican, Street Research, CNBC, NBC News, Capitol, Republicans, Emergency, GOP, Republican House, ACP, FCC, ”, Universal Service Fund, USF, Charter Communications Locations: MoffettNathanson, Ohio, U.S, New York

ABC News signage is installed in the media file center inside the Pennsylvania Convention Center one day before the presidential debate on September 9, in Philadelphia, Pennsylvania. Chip Somodevilla/Getty ImagesAs Vice President Kamala Harris and former President Donald Trump take the stage tonight in Philadelphia in their first face-to-face meeting, the spotlight will also shine on the host of the debate: ABC News. Moderators David Muir and Linsey Davis will have a much different view in front of them than when ABC News first secured the high-stakes presidential debate in May. It’s a big test for the Disney-owned network in the only scheduled debate between Harris and Trump in the 2024 race that could serve as a make-or-break moment for either campaign. But Harris’ team wanted the mics hot the entire night and demanded the network change the rule.

Persons: Chip Somodevilla, Kamala Harris, Donald Trump, David Muir, Linsey Davis, Harris, Trump, Joe Biden, Harris ’ Organizations: ABC, Pennsylvania Convention, ABC News, Democratic, Disney, CNN, Trump Locations: Pennsylvania, Philadelphia , Pennsylvania, Philadelphia, It’s

☆ ABC News steps into the spotlight with high stakes Trump-Harris debate
▼ + stars: | 2024-09-10 | by ( Hadas Gold | ) edition.cnn.com time to read: +8 min

New York CNN —As Vice President Kamala Harris and former President Donald Trump take the stage Tuesday night in Philadelphia in their first face-to-face meeting, the spotlight will also shine on the host of the debate: ABC News. And Trump’s campaign had already accepted the debate rules as sent out by ABC News’ general counsel. But ABC executives remained confident both candidates would show up, and ultimately, the Harris campaign relented. In the days ahead of the debate, Trump has attacked the network, questioning its impartiality. Both Muir and Davis are experienced primary debate moderators, but neither has moderated a presidential debate between the Democratic and Republican candidates.

Persons: Kamala Harris, Donald Trump, David Muir, Linsey Davis, Harris, Trump, Joe Biden, Harris ’, “, Almin Karamehmedovic, Kim Godwin, ” Trump, Fox News ’ Sean Hannity, Dana Walden, Walden, George Stephanopoulos, ”, Jean Carroll, Carroll, Rachel Scott, incisively, Scott “, Muir, Davis, Rick Klein, “ We’re, CNN’s MJ Lee, Kristen Holmes Organizations: New, New York CNN, ABC, ABC News, Democratic, Disney, CNN, Trump, National Constitution, Fox News, Disney Entertainment, National Association of Black Journalists, Republican, The New York Times Locations: New York, Philadelphia, It’s, Manhattan

☆ EV charging and range are improving. People still don't want to go electric.
▼ + stars: | 2024-09-10 | by ( Nora Naughton | ) www.businessinsider.com time to read: +6 min

Read previewWe're getting closer to a cure for range anxiety, so why don't more people want an EV? This dip in demand is reflected in a stagnation in EV sales growth over the past year as companies adjust to a new crop of more practical green-car shoppers. Battery-powered cars accounted for a record 7.6% of all car sales in 2023, according to Kelley Blue Book, up from 5.9% in 2022. Affordability is also a key issue for today's electric car shoppers, an issue the industry has tried to address with lower sticker prices. But EV shoppers have found a new cost to angst over.

Persons: —, EY, Marc Coltelli, Kelley, EVs, it's, Power, Raman Ram Organizations: Service, Business, Power, Utilities, Industry, EV, Pew Research, Department of Energy, Americas Aerospace, Defense Locations: Americas

☆ Big investors worry the star managers they trust to run billions are getting distracted as the presidential election enters the homestretch
▼ + stars: | 2024-09-10 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

Hedge fund managers and private equity executives have become the go-to sources for donations for both parties. AdvertisementBut for the industry's biggest names who have become involved in politics, personal interests and values drive their giving. Advertisement'It's a people business'Mercer's global chief investment strategist, Rich Nuzum, advises institutional investors with more than $16 trillion to invest. "You're probably alienating some potential investors," he said, and that puts all investors at risk if it impacts a manager's business health. While LPs prefer their managers stay out of the headlines, Griffin has not been shy in recent years about picking fights.

Persons: —, Ken Griffin, Donald Trump, Ron DeSantis, Griffin, Timothy Mellon, George Soros, Lone, Stephen Mandel, Jim Simons, Elliott's Paul Singer, Blackstone, Steve Schwarzman, Singer, Andrew, Rudy Koitchev, Rich Nuzum, Brian Payne, Payne, Chris Walvoord —, Nuzum, Soros, David Tepper, Mandel, Griffin waded, Zia Ahmed, Koitchev Organizations: Service, Republicans, Florida Gov, Business, SEI, BCA Research, Carolina Panthers, Appaloosa Management, Citadel, Citadel Securities, mater, Miami, city's Museum of Science, Industry, LCH Investments, Teachers Locations: Florida, Lone Pine, Washington, Harvard, Chicago, Afghanistan, Illinois

☆ Japan nominates ex-currency diplomat Kanda to head Asian Development Bank
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: 1 min

Masato Kanda, vice-minister of finance for international affairs at Japan's Ministry of Finance, during a press conference after the Group of 20 (G-20) finance ministers and central bank governors meeting. Japan will nominate Masato Kanda, the country's former top currency diplomat, as its candidate to become next head of the Asian Development Bank, Finance Minister Shunichi Suzuki said on Tuesday. Since the ADB was founded in 1966, its top post has always been filled by someone from Japan which, along with the United States, is the bank's biggest shareholder. That makes Kanda a strong candidate to take up the post. "(Kanda) is most appropriate to lead the ADB as he is well-versed in Asia-Pacific affairs and has built deep networks with executives from various countries and international institutions," Suzuki said at a regular press conference.

Persons: Masato Kanda, Shunichi Suzuki, Suzuki Organizations: Japan's Ministry of Finance, Asian Development Bank, Finance, ADB Locations: Japan, United States, Asia, Pacific

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