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It brings the U.S. closer to the European Union and California, which moved ahead earlier with corporate climate disclosure rules. The narrowed rule doesn’t include requirements that companies report some indirect emissions known as Scope 3. And small or emerging companies don’t have to report emissions at all. The SEC has said many companies already report such information, and the SEC’s rule would standardize such disclosures. More than 5,300 companies will be required to report their emissions under the California rule, according to Ceres, a nonprofit that works with investors and companies to address environmental challenges.

Persons: Caroline Crenshaw, “, ”, Hester Peirce, ” Peirce, —, Hana Vizcarra, Vizcarra, Gary Gensler, Gensler, ” Gensler, Coy Garrison, ” Suzanne Ashley, ” Ashley Organizations: WASHINGTON, U.S . Securities, Exchange Commission, U.S, European Union and, Publicly, SEC, Republican, Companies, Associated Press Locations: European Union and California, Earthjustice, U.S, overreach, California, Ceres, AP.org

☆ Companies are required to disclose their climate impact, SEC says
▼ + stars: | 2024-03-06 | by ( Allie Kelly | Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

Under the disclosure, public companies will have to release their greenhouse gas emissions, environmental risk impacts, and risk management strategies. Climate disclosure will create a standardized way for companies to report environmental impactPreviously, companies only disclosed their climate impact information on a voluntary basis. Bryan McGannon, managing director of the nonprofit sustainable investment forum US SIF, said the climate disclosure is "a really good first step" toward increasing transparency. The SEC might also be facing litigation from corporate America, which hopes to challenge the new climate disclosure in court, McGannon said. Some companies might be concerned about the potentially high costs of gathering data and complying with the disclosure, SEC officials said.

Persons: Gary Gensler, Steven Rothstein, Rothstein, Bryan McGannon, McGannon, Gavin Newsom Organizations: Service, US Securities and Exchange Commission, Business, Economic, SEC, BI, Ceres Accelerator, Sustainable Capital, US, CNBC, Clean Energy, Jobs Locations: America, California, Michigan

☆ Biden vs. Trump is set. What are the alternatives?
▼ + stars: | 2024-03-06 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

CNN —The Joe Biden vs. Donald Trump rematch is a presumptive reality after the president and former president both dominated Republican and Democratic primaries on Super Tuesday. Independent candidates. When Kennedy, West and the Green Party’s Stein were added into the question, things changed. Trump was still on top with 42%, Biden got 39%, Kennedy had 15%, West had 3% and Stein had 2%. Buzzy independent candidates have a tendency to lose support as Election Day nears.

Persons: Joe Biden, Donald Trump, Biden, Gary Johnson, Jill Stein, Hillary Clinton, Ralph Nader, Kanye West, Robert F, Kennedy Jr, Cornel West, Sen, Joe Manchin, Ryan Clancy, Abby Phillip, you’ll, ” Clancy, Kennedy, Kanye, Trump, Here’s, ► He’s, Cornel West’s, Party’s Stein, Stein, Ariel Edwards, Levy, that’s, Ross Perot, Bill Clinton, Eva McKend’s, CNN Kennedy, Kennedy –, –, ” Matt Welch, CNN’s Michael Smerconish, Welch, Jake Tapper’s, CNN’s Kasie Hunt, Hunt debunks Organizations: CNN, Republican, Democratic, Super, Trump, Libertarian Party, Green Party, New, New Mexico Gov, Libertarian, Marquette University, West, Democrats, Biden, Democrat, White, Black, RFK Jr, “, of Columbia, Hunt debunks RFK Jr Locations: New Mexico, Florida, West Virginia, West, Wisconsin, ► Nevada, New Hampshire, Hawaii, Arizona, Georgia, Utah, Alaska , Oregon, South Carolina, New York, California

☆ SEC Chair Gary Gensler breaks down new climate disclosure rules and effect on businesses
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSEC Chair Gary Gensler breaks down new climate disclosure rules and effect on businessesGary Gensler, SEC Chair, joins 'Power Lunch' to discuss the new climate rules about climate disclosures.

Persons: Gary Gensler Organizations: SEC

☆ What the SEC vote on climate disclosures means for investors
▼ + stars: | 2024-03-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Win Mcnamee | Getty Images News | Getty Images'A sensible rule to protect investors'"Climate risk is financial risk," Elizabeth Derbes, director of financial regulation and climate risk for the Natural Resources Defense Council, said in a written statement. "This is a sensible rule to protect investors: it gives them access to clear, comparable, relevant information on the measures companies are taking to manage climate risks and opportunities," Derbes said. Overall, transparency around climate risk may be essential for investors to gauge if a company's stock is worth holding or if its stock price is reasonable, experts said — for example, is it too expensive given high exposure to climate risk, or perhaps fairly priced considering it's well positioned? For many businesses, Scope 3 emissions account for more than 70% of their carbon footprint, Deloitte estimates. Instead, the final rule will require companies require Scope 1 and 2 emissions if they're deemed material to investors.

Persons: Gary Gensler, Win Mcnamee, Elizabeth Derbes, Derbes, Rachel Curley Organizations: Securities, Exchange, Getty, Natural Resources Defense, U.S . Sustainable Investment Forum, CNBC, Deloitte Locations: U.S

☆ Intuitive Surgical CEO joins Jim Cramer after stock hit all-time high Monday
▼ + stars: | 2024-03-06 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Intuitive Surgical CEO joins Jim Cramer after stock hit all-time high MondayGary Guthart, Intuitive Surgical CEO, joins 'Mad Money' host Jim Cramer to talk its recent stock record, what the company's tech does, and more.

Persons: Jim Cramer, Gary Guthart

☆ Landmark rule requires some companies to share how much they pollute. But it was scaled back
▼ + stars: | 2024-03-06 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —The Securities and Exchange Commission voted on Wednesday to pass a scaled-down climate reporting rule for public companies after the agency’s initial proposal was met with backlash from business leaders and some lawmakers. The finalized rule will require public companies to share how climate change might hurt their businesses. Some public companies will have to share how much they pollute, though the new rules no longer require companies to report some greenhouse gas emissions. A controversial proposalThe source of much of the controversy surrounded a proposal to require companies to disclose scope 3 emissions, which are emissions a company is indirectly responsible for. The new rules also require companies to share physical risks posed by climate change, including the threat of rising natural disasters like wildfires or hurricanes.

Persons: Gary Gensler, Biden, ” Shivaram, Caroline Crenshaw, ” Organizations: CNN, Securities, Exchange, Columbia Business School, SEC

☆ SEC approves disclosure rule for climate-related risks. Here's what's next for companies and investors
▼ + stars: | 2024-03-06 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

The U.S. Securities and Exchange Commission on Wednesday voted to adopt new rules that will require most publicly traded companies to disclose climate-related risks in their registration statements and annual reports. The rule proposal was first made in March 2022, but the SEC extended the public comment period several times. He noted the SEC has continuously updated its disclosure requirements over the years, including those related to environmental risks. SEC staff members have noted that nearly 40% of publicly traded companies already disclose information about climate-related risk in their annual reports, but there is no common reporting framework. The final rules would require companies to disclose the following:

Persons: Gary Gensler, Hester Peirce Organizations: . Securities, Exchange, Financial, Capitol, Washington , D.C, U.S . Securities, Exchange Commission, SEC, Republican SEC Locations: Washington ,

☆ Market prophet Gary Shilling warns stocks could crash 30% — and says the odds are 'very much in favor of a recession'
▼ + stars: | 2024-03-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Stocks may crash 30% and a recession could hit within months, Gary Shilling said. Shilling predicted the housing market would rebound in time, and dismissed de-dollarization fears. AdvertisementA legendary market prophet has warned that overpriced stocks may come crashing down, and a recession might strike within months. "Stocks are very, very expensive now" relative to both corporate earnings and rival assets like Treasury bonds, Gary Shilling recently told the Retirement Lifestyle Advocates radio show. The president of A. Gary Shilling & Co. is known for making several prescient market calls over the past four decades.

Persons: Gary Shilling, Shilling, —, Merrill Lynch's, bitcoin, It's, there's Organizations: Service, Polaroid, Federal Reserve, Fed, Companies, Homes, greenback

☆ We were drawn to Sicily's viral $1 homes. We ended up spending $30K for 2, but it was worth every penny.
▼ + stars: | 2024-03-05 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +6 min

AdvertisementThis as-told-to essay is based on an interview with Tam and Gary Holm, a Californian couple who bought homes in Sambuca di Sicilia, Italy. I wrote to the email address provided in the article and got a response from the actual mayor of Sambuca di Sicilia. Gary and Tam Holm walk with their child in Sambuca di Sicilia. Gary and Tam Holm enter their home in Sambuca di Sicilia. Falling in love with SicilyDrone footage of Sambuca di Sicilia.

Persons: Tam, Gary Holm, —, It's, Gary, Tam Holm, Sambuca di Sicilia, Luke Renard, We'd, hadn't, it's, Sambuca, Sicilia, I'd Organizations: BI, Service, Business Locations: Sicily, Sambuca di Sicilia, Italy, England, Los Angeles, Sambuca, Sicilia, Sambuca di, America, Gary, Washington ,, Tam, Palermo

☆ Gary Goldsmith, uncle of Catherine, Princess of Wales, joins ‘Celebrity Big Brother’ house
▼ + stars: | 2024-03-05 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Gary Goldsmith, an uncle of Catherine, Princess of Wales, has joined the “Celebrity Big Brother” house alongside contestants including Sharon Osbourne and Marisha Wallace, for a new series starting in the United Kingdom this week. In an introductory video, Goldsmith described himself as “uncle to the future Queen of our country, Catherine Middleton, the current Princess of Wales.”Goldsmith is the brother of Catherine’s mother, Carole Middleton. Goldsmith said his niece was “simply perfect” and described how the first time he met William, Prince of Wales, the royal offered him a cup of tea. Goldsmith pictured entering the Celebrity Big Brother house. Why is Gary Goldsmith in the house?” reads one post on X.

Persons: Gary Goldsmith, Catherine , Princess of Wales, ”, Sharon Osbourne, Marisha Wallace, Goldsmith, Catherine Middleton, Wales, ” Goldsmith, Catherine’s, Carole Middleton, “, William, Prince of Wales, I’ve, James Veysey, Anita Singh, Osbourne, Louis Walsh, Nikita Kuzmin, Su Cülcüloğlu Organizations: CNN, UK’s, Media, . Media, Daily Telegraph, ITV, ITV1 Locations: United Kingdom

☆ Why ‘Cruel Intentions’ still inspires, 25 years on
▼ + stars: | 2024-03-05 | by ( Jemal Polson | ) edition.cnn.com time to read: +5 min

The characters outfits came from a variety of sources including luxury brands such as Prada, Gucci, Calvin Klein and Donna Karan. Christine Baranski, who appears as Bunny Caldwell – Cecile’s WASP-y mother – was adorned in Chanel-style suits from St John. A quarter of a century after it's initial release, the clever styling of Cruel Intentions is finding favor with a whole new demographic. “I was definitely inspired by Audrey Hepburn for the scene in the park,” Wingate says. Sarah (Michelle Gellar) and I both loved the idea.”A quarter of a century on, the influence “Intentions,” had — and continues to have — is undeniable, spawning a musical and a forthcoming series from Amazon.

Persons: CNN —, Kathryn Merteuil, Sarah Michelle Gellar, Sebastian Valmont, Ryan Phillippe, Annette Hargrove, Reese Witherspoon, Cecile Caldwell, Selma Blair, Pierre Choderlos de, ” “, Denise Wingate, Prada, Gucci, Calvin Klein, Donna Karan, Bob Frame, Shutterstock Keen, ”, Glenn Close, John Malkovich, Michelle Pfeiffer, Wingate, “, Sebastian, Christine Baranski, Bunny Caldwell – Cecile’s, –, St John, Cecile, Kathryn, Annette, Tessa Posnansky, Gary John Steele, deconstruct, Louis XIV, Harry F, —, ” Posnansky, Melissa Moseley, du, Audrey Hepburn, ” Wingate, Sarah, Michelle Gellar, noughties, Netflix’s Organizations: CNN, Manhattan, Sinclair, New, — Locations: French, LA, Sebastian, Columbia

☆ A Colorado ski town can't fill a job with a $167,000 salary because potential candidates can't afford to live there
▼ + stars: | 2024-03-05 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

In Steamboat Springs, Colorado, even high-earners are being priced out, NBC reported. The city manager said two people turned down a six-figure job after not being able to find housing. Steamboat Springs is among many ski towns in the West facing skyrocketing housing costs. AdvertisementAs many rural communities struggle to deal with a jump in housing prices, it's apparently gotten so bad in one Colorado town that a $167,000 salary isn't enough to solve the problem. A recent report from NBC News details how even high earners in Steamboat Springs, Colorado, can't afford to live there, and it's impacting the city government.

Persons: —, Gary Suiter Organizations: NBC, Service, NBC News, City, Business Locations: Steamboat Springs , Colorado, Colorado

☆ Super Tuesday may underline Trump’s transformation of the GOP
▼ + stars: | 2024-03-05 | by ( Ron Brownstein | Analysis Ronald Brownstein | ) edition.cnn.com time to read: +17 min

His performance so far reflects his success at transforming the Republican Party in his image. The most important message from the primaries is the most straightforward: Trump’s coalition is the dominant faction in the GOP. Like McConnell’s announcement, the choices by GOP elected officials in the primary contest signal their acknowledgement of the party’s direction. The share of GOP elected officials who have endorsed Haley isn’t anywhere near as large as her share of the total vote. But a deeper factor also explains the imbalance in support among GOP elected officials.

Persons: Donald Trump, He’s, Ronald Reagan, Nikki Haley, –, Trump, Reagan, Bob Dole, George W, Bush, Mitt Romney, Whit Ayres, Democrat Grover Cleveland, Republican Benjamin Harrison, ” Ayres, Ayres, Grover Cleveland, ” Chris Wilson, Ron DeSantis, “, ”, Gary Langer, he’s, Kyle Kondik, “ It’s, William Mayer, George H.W, George H.W . Bush, Democrat Al Gore, Haley, Dwight Eisenhower, Sen, Robert Taft, Mitch McConnell, Haley isn’t, Chris Sununu, Susan Collins, Lisa Murkowski, Liz Cheney, Wilson, Mike Johnson, McConnell, Kevin McCarthy, Jennifer Horn, Biden, William Galston, Galston, ’, ‘, Kristen Soltis Anderson, isn’t, Eisenhower, “ Trump, ” Galston, ” Trump, Missouri GOP Sen, Eric Schmitt, wouldn’t, he’d Organizations: CNN, Republican, Republican Party, South Carolina Gov, GOP, Washington, Trump, Veteran GOP, White, Democrat, Democratic, Florida Gov, ”, ABC, University of Virginia’s Center, Politics, Northeastern University, Republican internationalists, Republicans, Chicago Council, Global Affairs, Trump’s GOP, New Hampshire Gov, South, Brookings Institution, Biden, Republican National Committee, Missouri GOP Locations: Sunday’s, Iowa , New Hampshire, South Carolina, Michigan, George H.W ., Southern, Iowa, New Hampshire, Oakland, Washtenaw, Kent, Ukraine, Trump’s, Missouri

☆ A Gen Zer ditched NYC for Milan. She loves that Italian bosses don't care how much vacation you take — and that a glass of wine costs $4
▼ + stars: | 2024-03-05 | by ( Maria Noyen | ) www.businessinsider.com time to read: +8 min

You're going to go on these trips. You're going to enjoy them, you're going to go on the school ones, you're going to go on the vacation ones.'" Milan may be fast-paced by Italian standards, but it's much slower than NYCAccording to Monto, Milan is considered Italy's "hectic" city. Milan, Italy. "It seemed like my generation and, honestly, maybe even some of the millennials, are more awakened to the idea that not everything has to revolve around work," Monto said.

Persons: —, wasn't, Monto, Alessandro, Numbeo, Italy Monto, didn't, It's, they're, Gary Yeowell, aren't, Zer Organizations: Service, Business, New, Yorker Locations: New York City, San Diego, Italy, New York, Milan, France, Monto, Italian

☆ What the SEC climate disclosure rule may mean for investors
▼ + stars: | 2024-03-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Climate disclosures would be made in annual filings companies make to the SEC, such as a Form 10-K, and in registration statements filed before an initial public offering. "I think climate disclosures have largely become table stakes for the investment community," said Lindsey Stewart, director of investment stewardship research at Morningstar. Current climate disclosures are 'uncommon'Ships on the Panama Canal on August 21, 2023. Shipping experts fear such events could become the new normal as rainfall shortfalls highlight climate risks. The SEC proposal outlined three tiers of emissions disclosures: Scopes 1, 2 and 3.

Persons: Gary Gensler, Win Mcnamee, —, Lindsey Stewart, Daniel Gonzalez, Stewart, They'd, Rachel Curley, Hurricane Idalia, Christian Monterrosa, Cowen, Patrick McHenry, Sen, Tim Scott, Bill Huizenga, Chris Ratcliffe, They're Organizations: Securities, Exchange, Financial Services, General, Getty, The Securities, Exchange Commission, SEC, Morningstar, Panama Canal Authority, Shipping, Anadolu Agency, P Global, Corporations, U.S . Sustainable Investment, Hurricane, Bloomberg, Republicans, Economic, Deloitte Locations: Washington, Panama, U.S, Cedar Key , Florida, R

☆ The SEC votes this week on controversial climate change rule: Here's what's at stake
▼ + stars: | 2024-03-04 | by ( Bob Pisani | ) www.cnbc.com time to read: +9 min

The Scope 3 disclosure requirements have drawn strong criticism from many corporations, who claim the regulations are too burdensome. The climate disclosure rule was first proposed in March 2022. Since Congress has not passed major climate legislation for years, opponents of the SEC's climate rule will likely sue the SEC and cite West Virginia v. EPA, again arguing that Congress has not granted specific authority for the SEC to act on climate change. The disclosures required from the proposed SEC rule may shuffle the deck on companies that are considered "green" or "not so green." Arne Noack, manager of the Xtrackers S&P 500 ESG ETF and DWS Head of Systemic Investment Solutions for the Americas, will be the guest on ETF Edge at 1:10 p.m.

Persons: Gary Gensler, Gensler, overreach, Joe Biden, Kathleen McLaughlin, Arne Noack, Noack, Todd Sohn, He'll, Dave Nadig Organizations: SEC, U.S ., Banking, Housing, Urban Affairs, Capitol, Washington , D.C, The Institute, New York University School of Law, Environmental Defense Fund, Reuters, Securities, Exchange, Walmart, APA, EPA, Act, America, Corporate, Equity, Systemic Investment Solutions, Edge Locations: Washington ,, America, West Virginia, Virginia, ESG, Americas, ETFedge.cnbc.com

☆ Trump CFO Allen Weisselberg told a blatant lie about a blatant lie. Here's how NYC prosecutors got him for perjury.
▼ + stars: | 2024-03-04 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

On Monday in Manhattan, Allen Weisselberg pleaded guilty to two state felony counts of perjury. Both lies involved the size of Donald Trump's Trump Tower penthouse on Fifth Avenue in Manhattan. AdvertisementAllen Weisselberg had little choice but to plead guilty to perjury after Manhattan prosecutors caught him blatantly lying about lying, as they revealed in court Monday. Weisselberg was at that sit-down with Forbes, assistant Manhattan district attorney Gary Fishman said Monday, during the ex-CFO's plea hearing. Engoron and state officials have contended that the square footage was intentionally inflated by Trump and Weisselberg as far back as 2012.

Persons: Allen Weisselberg, Donald Trump's Trump, —, Trump's, inescapably, Trump, He'd, Donald Trump's, Arthur Engoron, Donald Trump, Forbes, Weisselberg, Gary Fishman, he'd, Stormy Daniels Organizations: Trump Org, Service, Trump Organization, NY, General's, New York, Trump, New York Thomson Reuters, Forbes Locations: Manhattan, New York City, New York

☆ Manchester City comes from behind to defeat rival Manchester United 3-1
▼ + stars: | 2024-03-03 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Manchester City came from behind to defeat Manchester United 3-1 and keep the pace on Liverpool in the English Premier League title race. By now, the home side was in control of the match, and when Sofyan Amrabat was dispossessed by Rodri close to the United goal, Erling Haaland was able to complete the victory. Incredible.”However, the 23-year-old made amends with a composed finish in added time, his 18th Premier League goal of the season. Carl Recine/ReutersAfter a dominant second-half display, City ended the game with 74.3% of possession and 27 shots to United’s two. The Premier League champion next plays Copenhagen in the Champions League on Wednesday, while United is back in action in the Premier League at home against Everton on Saturday.

Persons: Phil Foden, Rashford, Foden, Julián Álvarez, Sofyan Amrabat, Rodri, Erling Haaland, “, ” Foden, ”, Carl Recine, Pep, Gary Lineker, “ @ErlingHaaland Organizations: CNN, Manchester City, Manchester United, Liverpool, English Premier League, Manchester Derby, Sky Sports, United, Reuters, Etihad, Premier League, Reds, Nottingham Forest, Luton, England, Champions League, Everton, Saturday, Anfield Locations: Reuters City, Norwegian, Copenhagen, United

☆ Why checked bag fees are at record highs
▼ + stars: | 2024-03-02 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

Checked bag fees are hitting record highs as airlines up the ante. So an airline can save $75 million in tax fees off its $1 billion revenue in domestic checked-bag fees. The introduction of bag fees was also a response to the rise of low-price carriers like Spirit in the United States and Ryanair in Europe. But airlines kept the bag fees in place and even raised them in an effort to make up for the lost revenue from change fees. Bag fees have been a political punching bag.

Persons: they’ve, Gary Leff, ”, Henry Harteveldt, Blaise Waguespack, Sen, Mary Landrieu, ” Leff, Pete Buttigieg, Leff, “ Organizations: New, New York CNN, United Airlines, American Airlines, JetBlue, Alaska Airlines, Airlines, Department of Transportation, Delta SkyMiles American Express, Airlines ’, “ Airlines, Atmosphere Research, Embry, Riddle Aeronautical University, Ryanair, The Transportation Department Locations: New York, Denver, Dallas, Daytona Beach , Florida, United States, Europe

☆ Consumers fended off a recession — but keep spending like there's no tomorrow
▼ + stars: | 2024-02-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Read previewAmerican consumers have staved off a recession by relentlessly spending despite soaring inflation, surging interest rates, multi-industry turmoil, and wider economic jitters. AdvertisementBurry predicted that dwindling savings and ballooning debts would choke consumer spending, eroding corporate earnings and sparking a wider recession. That's going to lead to a retrenchment in consumer spending as we get into the new year." That "brings us just a little closer to the consumer recession that nobody believes is going to happen," he added. "With those sources of funding largely exhausted, consumer spending will no doubt grow more slowly than after-tax incomes in future years."

Persons: —, Here's, Michael Burry, Elon, Elon Musk, Spencer Platt, Carl Weinberg, David Rosenberg, Merrill Lynch, Rosenberg, Gary Shilling, Merrill Lynch's, who's, Shilling Organizations: Service, Business, Twitter, Scion Asset Management, Elon Musk, Getty, Rosenberg Research, North Locations: North American

☆ Google is starting to feel like any other business, and staging a comeback won't be easy
▼ + stars: | 2024-02-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how Google has gone from the tech industry's vanguard of cool to just another boring company . AdvertisementGoogle has long stayed atop Silicon Valley's volatile popularity contest — but the best place to work in tech is starting to feel like any other business , Business Insider's Hugh Langley and Lara O'Reilly write. Bureaucracy, an aversion to risk, and deference to Wall Street over employees — things Google long eschewed — have become the norm. The latest example is the debacle surrounding Gemini — its flashy new AI model that faced backlash for being too "woke."

Persons: —, Rebecca Zisser, Hugh Langley, Lara O'Reilly, Alistair Barr, Sundar Pichai, Hugh, Lara, Mateusz Wlodarczyk, BI's Peter Kafka, it's, David Rosenberg, Gary Shilling, Snowflake's Frank Slootman, Ozgur Hakan Aslan Toyota, Boxabl, Elon Musk, Tesla, Hewlett Packard, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Google, Business, Gemini, Meta, Big Tech, OpenAI, Corporations, Nvidia, SEC, Universal Music Group, Universal, BI Locations: —, New York, London

☆ Gary Sinise’s son, Mac Sinise, dies aged 33
▼ + stars: | 2024-02-28 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Mac Sinise, the son of “Forrest Gump” actor Gary Sinise, has died at the age of 33 following a long illness with a rare form of cancer, his family has announced. He died on January 5 and was laid to rest on January 23, according to a tribute published by the Gary Sinise Foundation, which offers support to wounded veterans of the military. “Like any family experiencing such a loss, we are heartbroken and have been managing as best we can,” wrote Sinise. Gary Sinise Foundation“This began a long battle that disabled him more and more as time went on,” wrote Sinise, eventually leaving Mac unable to play the drums. In addition to perhaps his most famous role as Lt. Dan in “Forrest Gump,” Gary Sinise has appeared in movies “Apollo 13,” “The Green Mile” and “Of Mice and Men,” as well as television series “CSI: NY.”

Persons: Mac Sinise, “ Forrest Gump, Gary Sinise, ”, ” Mac, Mac, McCanna Anthony Sinise, Dan Band, “, …, ” Sinise, Dan, ” Gary Sinise Organizations: CNN, Gary, Gary Sinise Foundation, Chordoma, National Cancer Institute Locations: United States

☆ Americans are turning to gardening, hunting, and extreme couponing to combat rising food prices
▼ + stars: | 2024-02-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Read previewAmericans are increasingly relying on unorthodox cost-cutting measures to ensure they continue to eat amid ongoing inflation and rising food prices. Recently, US consumers are spending more money on food than they have in the past 30 years, The Wall Street Journal reported last week, citing data from the US Department of Agriculture. AdvertisementThe Journal collected hundreds of reader responses and compiled several cost-saving tips into a Tuesday story about how Americans are responding to rising prices. Buying in bulk can keep prices low, as well as purchasing non-spoilable food, people told the outlet. Other respondents said they combat rising prices by maximizing senior discounts and making a spreadsheet of their groceries and meals.

Persons: —, WK Kellogg, Gary Pilnick, Ramon Laguarta, Sarah Smith, Bernard Brothman, Brothman, Nancy Randall, Randall, BuzzFeed Organizations: Service, Street, US Department of Agriculture, Business, Labor Department, PepsiCo Locations: Houston

☆ Kellogg's faces a backlash after encouraging cash-strapped shoppers to eat cereal for dinner: 'What the hell kind of dystopian hellscape is this?'
▼ + stars: | 2024-02-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Kellogg's is advertising cereal for dinner as an alternative for people struggling with food prices. WK Kellogg CEO Gary Pilnick told CNN last week that the messaging was "landing really well" with customers. Cereal prices shot up 13% in 2022Grocery prices soared during the pandemic as supply-chain chaos pushed up costs for producers. Advertisement"The cereal category has always been quite affordable, and it tends to be a great destination when consumers are under pressure," Pilnick told CNN. Pilnick told CNN last week that more than a quarter of cereal consumption is outside breakfast.

Persons: aren't, WK Kellogg, Gary Pilnick's, Pilnick's, —, Gary Pilnick, Marie Antoinette, Marianne Williamson, Pilnick, Sadie Garcia, Kellogg Organizations: Service, CNN, YouTube, American Academy of Pediatrics, American Heart Association, Bureau of Labor Statistics, Graham

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