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☆ CEOs who insist workers return to the office are living in an 'echo chamber,' a future of work expert says
▼ + stars: | 2024-09-29 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

But CEOs are increasingly demanding workers be in the office five days a week. AdvertisementMost workers understood that the days of fully remote work ended with the pandemic and that they should show face in the office some of the time. This month Amazon CEO Andy Jassy announced that all corporate staff must be back in the office five days a week from 2025. Thos Robinson/Getty ImagesWorsening that echo chamber structure is the fact that CEOs are "largely white men," Schulte said. Public policy is another route that will play a role in the future of how we work, Schulte added.

Persons: Brigid Schulte, —, Andy Jassy, Jassy, Dell execs, Schulte, Thos Robinson, it's, COVID, that's, It's Organizations: BI, Service, Dell, KPMG US, KPMG, Getty, aha

☆ Brian Williams is set to anchor election night coverage on Prime Video. Is Amazon getting into live news?
▼ + stars: | 2024-09-29 | by ( Brian Stelter | ) edition.cnn.com time to read: +4 min

Amazon’s election coverage plan engendered lots of TV industry chatter when it was first reported by Puck and Variety over the weekend. The notion of a Big Tech heavyweight distributing its own election night TV show would have been hard to imagine a decade ago. Williams, 65, is a product of broadcast TV who led NBC’s election night coverage in 2008 and 2012. The Amazon election event – which has yet to be named – will be his first major project since signing off MSNBC three years ago. If election night morphs into something like election week, as it did in 2020, it remains to be determined whether Amazon’s live coverage would continue.

Persons: Brian Williams, Williams, Puck, Jeff Bezos, ‘, Amazon, Jonathan Wald Organizations: New, New York CNN, Amazon, Thursday Night, NBC News, MSNBC, Amazon’s, CNN, ABC, CBS, Variety, Netflix, Warner Bros Discovery, Hulu, Disney, Academy of Country, NBA, Big Tech, NBC, Amazon MGM Studios, Networks Locations: New York, Los Angeles, Washington

☆ Armies will be able to maneuver on battlefields again, but it's going to be difficult and bloody
▼ + stars: | 2024-09-29 | by ( Michael Peck | ) www.businessinsider.com time to read: +9 min

The Ukraine war raises a difficult question: Can armies maneuver to win anymore? Advertisement"Firepower kills," warned the French General Philippe Pétain just prior to the First World War. By temporarily suppressing the defensive drone-artillery combo that has proven so devastating in the Russo-Ukraine War, armies can again maneuver to defeat their enemies. ISW sees three problems with trying to maneuver in Ukraine, lessons that broadly apply to modern battlefields. AdvertisementArtillery and machine guns were so deadly in World War I that armies fought from trenches.

Persons: it's, —, Philippe Pétain, Pétain, ISW, That's, Michael Peck Organizations: Artillery, Service, Getty, Ukraine, Air Force, BAI, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Russo, Washington, Russia, Russian, Kursk, Ukrainian, Russians, Forbes

☆ Elon Musk once described his past immigration status as a ‘gray area’
▼ + stars: | 2024-09-29 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +32 min

So we just rented the office, and slept in the office, and showered at the YMCA,” Elon Musk recalled, drawing laughs from the crowd. “When they did fund us,” Kimbal Musk recalled, “they realized that we were illegal immigrants.”“Well…” Elon Musk interjected. Video of the remarks shows Elon Musk laughing as he jumped in with a different interpretation: “I’d say it was a gray area.”He didn’t elaborate, and it’s unclear what Elon Musk meant by that characterization. Elon Musk, wearing a black Stetson hat, livestreams while visiting the US-Mexico border in Eagle Pass, Texas, on September 28, 2023. Then-President Donald Trump greets Elon Musk before a policy and strategy forum with executives at the White House in February 2017.

Persons: ” Elon Musk, “, Musk, ”, Donald Trump, Biden, It’s, —, Kimbal, ’ Elon Musk, he’s, X, He’s, Walter Isaacson’s, they’ve, Elon Musk, Jeff Skoll, Fred Prouser, ” Kimbal Musk, Elon, haven’t, Ashlee Vance’s, Greg Kouri, can’t, Maye, Charles Kuck, Kuck, Jennifer Minear, That’s, ” Kuck, Alain Jocard, Kimbal Musk, Tesla, Zip2, he’d, Kevin McCarthy, Alex Brandon, it’s, Hunter Swanson, Grace, Swanson, “ They’re, ” Swanson, ” Minear, Minear, Philip Pacheco, Ron Ozio, hadn’t, Vance, CNN there’s, Affairs Julie Greicius, Rajshree Agarwal, Ed Snider, ” Agarwal, Peter Thiel, Paul Sakuma, Agarwal, …, that’s, Elon Musk’s, who’s, hasn’t, Bayar, Zachary Mueller, ” Mueller, I’m, Don Lemon, Mueller, there’s, Stetson, Critics, John Moore, David Bier, ” Bier, Bier, Trump, he's, he'd, Brendan Smialowski, Joe Wilson, ” Wilson, Medina County Sheriff Randy Brown, Elon Musk's, We’re, Daniel Becerril, Reuters Elon Musk hasn’t Organizations: CNN, Twitter, University of Pennsylvania, Tesla Motors, SpaceX, Forbes, Stanford, Kimbal, Milken Institute Global Conference, Reuters, YMCA, Milken, YouTube, Los Angeles Times, US, Immigration Services, American Immigration Lawyers Association, Getty, Tesla, Kennedy Space Center, Center for International Education, Washington, Lee University, Elon, Center for, Learning, Penn, Minear, Materials, Engineering, ” Stanford, Communications, Affairs, American Immigration, Association, Ed Snider Center for Enterprise, University of Maryland, PayPal, eBay, Compaq, University of Washington, America’s, Democratic, Trump, CATO Institute, White, Medina County Sheriff, Fox, Fox News, Polaris Locations: Mexico, United States, Eagle Pass , Texas, Pretoria, South Africa, Canada, Canadian, Palo Alto , California, Beverly Hills , California, Angeles County, U.S, Atlanta, AFP, America, Zip2, California, Cape Canaveral , Florida, Virginia, Washington, Arizona, South Carolina, Medina County, Eagle, , Texas, Rio Grande

Lisa Goodman, the founding president of Equality Delaware, a statewide LGBTQ organization, worked at the same law firm as McBride’s father. “I said, ‘This changes everything,’” Goodman recalled, regarding McBride’s ability to help lobby for state legislation that would help trans people. “I also said, ‘Sarah is going to do more as Sarah than you ever imagined.’”Both statements proved true. The best example of that, they said, was her work to pass paid family leave in Delaware. McBride was elected to the state Senate in November 2020, making her the country’s first openly trans state senator.

Persons: Lisa Goodman, McBride, Dave, Sally, Goodman, “, ’ ” Goodman, ‘ Sarah, Obama, ’ McBride, Andrew Cray, Cray, ”, ” McBride, I’ve, ” Andrew Cray messaged McBride, ” Jana Williams, NBC News McBride, Ted Lasso Organizations: Equality, Center for American Progress, Human Rights, Democratic National Convention, Facebook, NBC News, White, Delaware Families Locations: Equality Delaware, Delaware

Do vibration plates have health benefits? Although vibration plates are safe for most people, ultimately, Johnson says, “when we make changes, we tell people to listen to their body.”Deja Mason of Roanoke, Virginia, said she first heard about vibration plates on TikTok. As vibration plates experience a resurgence, some hear echoes of past fitness fads. “Trends come and go,” she said, pointing to other trends that displaced vibration plates, like group fitness and CrossFit. But just as vibrating plates shake users up and down in quick succession, trends too are always oscillating.

Persons: ”, Jörn Rittweger, Rittweger, “, that’s, There’s “, Håkan, Peter W, Johnson, ” Johnson, Lifepro, Deja Mason, ” Mason, Natalia Mehlman Petrzela, ” Petrzela Organizations: German Aerospace Center, University of Cologne, Lund University Cancer Centre, International Society of Lymphology, School of Public Health, University of Washington, New School Locations: TikTok, Germany, Sweden, Roanoke , Virginia, New York City

☆ I've had 4 jobs in 4 years. I mastered the pivot regardless of the circumstances, and now I've found success on my own.
▼ + stars: | 2024-09-28 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

After being fired from her last job, she started her own business and is set to earn more than ever. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When I switched to my second job out of college, I received a salary increase of about 20% and I felt like the possibilities were endless. I would say job pivoting has not only paid off in terms of my earnings increasing, but also my mental wellbeing. I now report to no one but myself, and I finally get to make a living on my own terms.

Persons: Megan Lieu, Lieu, —, I've, who's Organizations: Service

☆ Van Gogh's 'Starry Night' obeys a scientific law that was invented 52 years later. It reveals the painter's keen observations of nature.
▼ + stars: | 2024-09-28 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Van Gogh's "The Starry Night" seems to follow a mathematical theory describing fluids in nature. Researchers found van Gogh's swirls fit patterns seen in clouds, water, and other natural objects. AdvertisementThe physics of van Gogh's brushstrokesThe swirls in van Gogh's "The Starry Night" seem to adhere to mathematical principles that describe turbulence. But the fact that "The Starry Night" resembles turbulent activity so accurately is a testament to the painter's keen observation of nature. AdvertisementVan Gogh captured at least one element of turbulenceVincent van Gogh painted other masterpieces in addition to "The Starry Night."

Persons: Van Gogh's, couldn't, van, —, Vincent van Gogh, van Gogh, Yongxiang Huang, Huang, Ma, Andrey N, Kolmogorov, Van Gogh, mutilating, Gogh, Barnard, Janna Levin Organizations: Service, Batchelor Locations: van, France

☆ I'm a Californian who moved to Texas for a shot at the American dream. I moved back after 2 ½ years, but I miss Texas.
▼ + stars: | 2024-09-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

Kimberly Wilkerson is a lifelong Californian who moved to Austin in 2022. AdvertisementThis as-told-to essay is based on a conversation with Kimberly Wilkerson, a 46-year-old self-published author and entrepreneur who moved from Oakley, California, to Austin in 2022. Kimberly Wilkerson and her son moved to Austin, Texas in 2022. Austin, Texas. I'm waiting for the next right thing, which ideally would be if I'm getting married.

Persons: Kimberly Wilkerson, Wilkerson, —, Austin, Peter Tsai, It's Organizations: Service, Texans, California . Locations: Austin, Texas, California, Oakley , California, Northern California, East, I'm, Austin , Texas, California . Austin , Texas

☆ Are immigrants taking jobs from 'native' U.S. workers? Here's what economists say
▼ + stars: | 2024-09-28 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

Immigrants expected to boost the economyThere are several reasons why immigrants largely benefit the economy and job market, economists said. Immigrants take jobs but they also create new ones by spending in local economies and by starting businesses, economists said. One 2020 research paper from the National Bureau of Economic Research found immigrants are 80% more likely to become entrepreneurs than native workers. To the extent there's job competition from new immigrants, it tends to fall mostly on prior immigrants rather than native U.S. workers, according to the National Academies paper. "Sudden surges of immigration obviously affect the ability of native workers to find and take jobs on a given afternoon," Clemens said.

Persons: Kamala Harris, Donald Trump, Carlos Moreno, NurPhoto, Donald Trump's, Pew, Alexander Arnon, Michael Clemens, Clemens, Cohen, Giovanni Peri, it's, Peri, Arnon, Penn Wharton, Tim Chapman, George Borjas, Borjas —, —, Mariel boatlift, Borjas, Stephen Miller, Trump, Anna Kelly, David Card, Joe Sohm Organizations: Juventud, Getty, Republican, Trump, Pew Research Center, Pew, Penn Wharton Budget Model, Immigrants, National Bureau of Economic Research, Congressional, Office, Congress, George Mason University, Penn Wharton Budget, Immigration, El, Bloomberg, U.S, Global Migration, University of California, National Academies of Sciences, Engineering, National Academies, Florida Straits, Miami Herald, Harvard, Academies, Republican National Committee, America, Universal Locations: Tijuana , Mexico, Wilmington , North Carolina, U.S, El Chaparral, San Ysidro Port, Davis, Key West , Florida, Mariel, Florida, South Florida, Miami, USA, San Francisco

☆ Treasurys on the blockchain: How a new deal could reshape the ETF industry
▼ + stars: | 2024-09-28 | by ( Krysta Escobar | ) www.cnbc.com time to read: +1 min

Blockchain technology and tokenization could challenge the traditional ETF model. Janus Henderson said recently that it's partnering with Anemoy Limited and Centrifuge to create Anemoy's Liquid Treasury Fund (LTF), an on-chain technology-based fund that will give investors direct access to short-term U.S. Treasury bills. "It's not necessarily a threat to the ETF industry," Nick Cherney, Janus Henderson's head of innovation, said on CNBC's "ETF Edge" this week. This is Janus Henderson 's first tokenized fund, according to a news release by the firm. Cherney notes it would have all the traditional features of an ETF.

Persons: Janus Henderson, Nick Cherney, Janus Henderson's, it's, Cherney Organizations: Anemoy, Treasury Fund, Treasury

☆ Pediatricians warn of the danger that kids are facing online
▼ + stars: | 2024-09-28 | by ( Analysis Kara Alaimo | ) edition.cnn.com time to read: +7 min

Her book “Over the Influence: Why Social Media Is Toxic for Women and Girls — And How We Can Take It Back” was recently published by Alcove Press. Keeping tabs of accounts kids are messagingIt’s also important to keep track of whom your children are talking to on social networks. Teaching kids about appropriate contentIt’s also important for parents to pay attention to the content their kids are posting on social media, Akerman said. Then she realized that the photos had been reposted on another social media platform — on an account she said seemed to be used for trafficking girls. The ability for sexual predators to connect with kids on social media poses a serious danger.

Persons: Kara Alaimo, Shalon Nienow, ”, Anna Akerman, Nienow, ” Nienow, Instagram, they’re, Akerman, “, ” Akerman Organizations: Fairleigh Dickinson University, Women, Press, Facebook, CNN, of Pediatrics National Conference and Exhibition, Chadwick Center for Children, Rady Children’s, San, Adelphi University, University of California, “ Locations: Orlando, California, San Diego, New York

☆ The battle of Irpin narrowly saved Ukraine. Here's how it went down.
▼ + stars: | 2024-09-28 | by ( Michael Peck | ) www.businessinsider.com time to read: +9 min

Ukraine narrowly won the battle of Irpin in the war's earliest days. That's the conclusion of American and British experts who examined the fighting along the Irpin River northwest of Kyiv. "The Battle of Irpin River was a close-run thing," wrote Richard Sladden, Liam Collins and Alfred Connable in an article in British Army Review, a British military magazine. An attack in the east and south of Ukraine was the most likely course of action, therefore Ukrainian forces were primarily arrayed against this." Russian forces weren't prepared to rapidly deploy pontoon bridges to replace those across the Irpin River that Ukrainian troops had blown up.

Persons: —, Richard Sladden, Liam Collins, Alfred Connable, Oleksandr Syrskyi, Collins, weren't, Oleksii Chumachenko, Carl von Clausewitz, Michael Peck Organizations: Service, British Army, Paratroopers, Hostomel Airport, Ukrainian 72nd Mechanized Brigade, Kyiv, Airport, 5th Company, 72nd Brigade, Hostomel, US Army Special Forces, Getty, 72nd Mechanized Brigade, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Irpin, Kyiv, Russia, Ukrainian, —, British, Russian, Belarus, Dnipro, Hostomel, city's, Holland, Germany, Forbes

☆ Sam Altman tells OpenAI staff there's no plan for him to receive a 'giant equity stake' in company
▼ + stars: | 2024-09-27 | by ( Hayden Field | ) www.nbcnews.com time to read: +4 min

At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake” in the company, calling that information “just not true,” according to a person who was in attendance. Regarding his potentially attaining an equity stake, Altman said, “There are no current plans here,” the person said. OpenAI Chairman Bret Taylor told CNBC in a statement that while the board has talked about the matter, no specific figures are on the table. OpenAI Chief Technology Officer Mira Murati, who briefly served as interim CEO, said she would be leaving after 6½ years. Days later, Altman was back at the company and Murati moved from interim CEO back to the role of CTO.

Persons: Sam Altman, Altman, Sarah Friar, Bret Taylor, Sam, ” Taylor, Mira Murati, Bob McGrew, Barret Zoph, “, ” Altman, ” Murati, OpenAI, Ilya Sutskever, Jan Leike, John Schulman, Anthropic, it’s, Murati Organizations: CNBC, Italian Tech, Microsoft, Tiger Global Locations: Turin, Italy

☆ The U.S. wants to triple nuclear power by 2050. America's coal communities could provide a pathway.
▼ + stars: | 2024-09-27 | by ( Spencer Kimball | Gabriel Cortés | Gabriel Cortés Is A Data Visualization Journalist For Cnbc. | ) www.nbcnews.com time to read: +7 min

The U.S. needs to add 200 gigawatts of nuclear, Goff told CNBC in an interview. “A lot of the data centers are coming in and saying they do need firm, 24/7, baseload clean electricity,” Goff said. But restarting reactors in the U.S. will only provide a small fraction of the nuclear power that is needed, he said. From coal to nuclearCoal communities across the U.S. could provide a runway to build out a large number of new nuclear plants. Between coal and nuclear sites, the U.S. potentially has space for up to 269 gigawatts of additional nuclear power.

Persons: Mike Goff, Goff, “, ” Goff, Goldman Sachs, ”, “ It’s, Doug True Organizations: of Nuclear Energy, Department of Energy, U.S, CNBC, Bank of America, Microsoft, DOE, Holtec, Palisades, Nuclear Regulatory Commission, Nuclear Energy Institute Locations: U.S, New York City, Georgia, Michigan

New U.S. tariffs on $18 billion in Chinese goods take effect Friday as trade tensions intensify between the world’s two largest economies. For example, the U.S. imports almost no Chinese EVs, largely because of an existing 27.5% tariff that is now increasing to 100%. Lithium-ion batteries, however, are a different story, accounting for about $13 billion of the $18 billion in affected Chinese goods. Similarly, the U.S. has been increasing its Chinese imports of natural graphite, another crucial component of EVs. “Cheaper Chinese solars and cheaper Chinese EVs can actually take jobs away from a lot of manufacturers in, say, the West.

Persons: Donald Trump, Joe Biden, Trump, Chim Lee, ” Lee, Charles Benoit, “ that’s, Benoit, ”, Biden, Julie Kozack, Lee, it’s Organizations: Economist Intelligence Unit, Biden, China, European, Coalition for, Prosperous, International Monetary Fund, U.S Locations: U.S, Beijing, China, Asia, Southeast Asia, Mexico, Malaysia, Prosperous America

☆ China stocks see best week since 2008 on stimulus impact as most Asia markets rise
▼ + stars: | 2024-09-27 | by ( Lim Hui Jie | ) www.nbcnews.com time to read: +4 min

Chinese markets clocked their best week in almost 16 years as the mainland’s CSI 300 rallied 15.7% this week, buoyed by several economic stimulus measures by the central bank. The last time the index saw a bigger weekly gain was the week ending Nov. 14, 2008. Hong Kong’s Hang Seng index recorded a weekly gain of 12.75%, making it the index’s best week since February 1998, according to FactSet data. Tokyo’s headline inflation rate eased to 2.2%, down from August’s 2.6%. A slate of fresh U.S. economic data also supported the market’s gains, with weekly jobless claims falling more than expected, pointing to a steady labor market.

Persons: Hong, PBOC, Shigeru Ishiba, Sanae Takaichi, Korea’s Kospi, Australia’s, ’ Organizations: CSI, People’s Bank of China, Google, Shanghai Stock Exchange, Reuters, Japan’s Nikkei, of Japan, U.S ., Micron Technology, Nasdaq, Dow Jones Industrial Locations: China, Shanghai, Asia, Pacific, Tokyo, August’s, U.S

CNN —US federal prosecutors on Friday unsealed criminal charges against three Iranian government-linked hackers in connection with a hacking operation aimed at Donald Trump’s presidential campaign. Masoud Jalili, Seyyed Ali Aghamiri and Yasar (Yaser) Balaghi are accused of aggravated identity theft and wire fraud for their hacking efforts on behalf of Iran’s Islamic Revolutionary Guard Corps (IRGC). Separately, the US Treasury Department on Friday imposed sanctions on seven people as part of a sweeping response to Iranian efforts “to influence or interfere” in the 2020 and 2024 US presidential elections. The alleged Iranian hack threw a twist in the presidential campaign in August when multiple news outlets reported receiving emails from a pseudonymous email account peddling documents stolen from the Trump campaign. The hacking operation began in June, when the alleged IRGC-linked hackers targeted longtime Trump ally Roger Stone and used access to his email account to target campaign staff.

Persons: Donald Trump’s, Trump, Masoud Jalili, Seyyed Ali Aghamiri, Balaghi, “, JD Vance —, Hillary Clinton, Kamala Harris ’, Roger Stone, Harris Organizations: CNN, Court, District of Columbia, Islamic Revolutionary Guard Corps, US Treasury Department, Trump, Biden, FBI, The, Department, Washington Post, Fox Locations: Russia, China, Iran, Russian, Ukraine

☆ 36-year-old’s Etsy side hustle brings in $220,000 a year—and costs under $40 to start: ‘You really can make a very good living’
▼ + stars: | 2024-09-27 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

She started a print-on-demand shop, using Canva software to create designs for Etsy-friendly products like T-shirts and candles. Last year, Odio-Sutton opened a second Etsy shop — selling downloadable event materials, like sign-up sheets and schedule templates — that's brought in $17,200 in sales so far in 2024. I'll batch design 10 candle labels one day, then make the listings for them on Etsy the next day. I follow what I'd call a template method: I do a lot of black-and-white designs, a lot of plain text. Then, if I have a template that sells really well, I'll just go in and swap in new words.

Persons: they've, Emily Odio, Sutton, She'd, She's, that's, —, I'm Organizations: CNBC, Gold City Ventures Locations: Melbourne , Florida, Sutton, Odio, U.S

☆ Hoda Kotb says her 60th birthday prompted her to reevaluate the next phase of her life
▼ + stars: | 2024-09-27 | by ( Erin Liam | ) www.businessinsider.com time to read: +4 min

Hoda Kotb, longtime anchor of NBC's "Today," said she will be stepping down from the role. In a tearful announcement, she said her 60th birthday had prompted her to reevaluate her next phase of life. AdvertisementAfter 26 years at NBC, Hoda Kotb said she plans to step down as anchor in 2025. During "Today with Hoda & Jenna," Kotb explained to her co-anchor, Jenna Bush Hager, that she had a longing to do something new. AdvertisementKnowing when to switch gears in your careerFor Kotb, turning 60 prompted her to reevaluate her career.

Persons: Hoda Kotb, reevaluate, Haley, Hope, —, Kotb, Jenna, Jenna Bush Hager, Haley Joy, Hope Catherine, She's, Alan Castel, Kathy Feest Organizations: Service, NBC, Rockefeller Plaza, Hoda, NBC News, BI

☆ OpenAI execs were reportedly worried the company could collapse when Ilya Sutsveker left — and tried to woo him back
▼ + stars: | 2024-09-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

A new WSJ report sheds light on the internal tensions at OpenAI amid CTO Mira Murati's exit. The report said execs worried the company could collapse when cofounder Ilya Sutskever left in May. AdvertisementQuestions are swirling about what exactly has been going on at OpenAI amid a string of high-profile executive departures including former CTO Mira Murati. AdvertisementIt also reveals that executives worried about a potential collapse after OpenAI cofounder Ilya Sutskever left in May, and their attempts to woo the AI researcher back before reconsidering the offer. However, the Journal's reporting offers some fresh details about Murati's involvement as CTO amid the crunch to ready and ship new products.

Persons: Mira Murati's, execs, Ilya Sutskever, —, Mira Murati, Sam Altman, Murati's, Sutskever, Altman, hadn't, Jan Leike, Greg Brockman, Brockman, Murati, Sarah Friar Organizations: Service, Wall, Business, CNBC

☆ Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams
▼ + stars: | 2024-09-27 | by ( Hugh Son | ) www.cnbc.com time to read: +7 min

The lender disclosed that the Consumer Financial Protection Bureau could punish JPMorgan for its role in Zelle, the giant peer-to-peer digital payments network. In response, JPMorgan issued a thinly veiled threat: "The firm is evaluating next steps, including litigation." Trade groups say that in the aftermath of the financial crisis, banks became easy targets for populist attacks from Democrat-led regulatory agencies. Amid the scrutiny, the bank began warning Zelle users on the Chase app to "Stay safe from scams" and added disclosures that customers won't likely be refunded for bogus transactions. While all of these battles are ongoing, the financial industry has racked up several victories so far.

Persons: JPMorgan Chase, Jamie, Evelyn Hockstein, Tobin Marcus, Joe, Marcus, That's, Biden, Marianne Lake, Zelle, Banks, Jamie Dimon, Dimon, Donald Trump, Kamala Harris, Mark Pittman Organizations: JPMorgan, U.S . Senate Banking, Housing, Urban Affairs, Wall, Capitol, Washington , D.C, Reuters, JPMorgan Chase, Consumer Financial, Democrat, Republican, Wolfe Research, Services, PayPal, Bank of America, Senate, Electronic, Federal Reserve, U.S . Chamber of Commerce, Northern, Northern District of Texas Locations: Washington ,, Zelle, Basel, Wells Fargo, Northern District

☆ Google's reported $2.7 billion deal to bring back a former employee is proof AI geniuses are the new 'star quarterbacks'
▼ + stars: | 2024-09-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Google struck a $2.7 billion deal with Character.ai., largley to rehire AI expert Noam Shazeer, WSJ reported. It's an eye-popping example of how expensive and in demand top AI talent is as competition heats up. AI career experts told Business Insider it's a bit like pro sports — the superstars are worth it. AdvertisementThere are plenty of stories out there about just how ruthless the hiring wars for AI talent have gotten. Grennan predicted this pattern will continue as the AI talent window stays hot for the next three to four years.

Persons: Noam Shazeer, —, Shazeer, he's, it's, Mustafa Suleyman, Karen Simonyan, Andree Mendoza, Mendoza, Sergey Brin, Zuckerberg, Meta, Altman, Conor Grennan, Grennan, Noam Shazeer isn't Organizations: Google, Service, Nvidia, Wall Street, Business, Microsoft, Carex Consulting, Big Tech, NYU's Stern School of Business, Wall, Apple

☆ 'Monsters' co-creator Ryan Murphy calls backlash from the Menendezes 'predictable at best.' It's not the first time he's upset families at the center of his true crime shows.
▼ + stars: | 2024-09-27 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

Lyle Menendez and Erik Menendez killed their parents in 1989, but they have the support of family members. The first season of "Monster" was about Jeffrey Dahmer, and angered his victims' families. AdvertisementOnce again, Netflix's "Monsters" has angered the families at the center of the true crime show, but co-creator Ryan Murphy is standing firm. Lyle Menendez and Erik Menendez admitted to killing their parents during their first trial in 1993, arguing they acted in self-defense after years of abuse. Still, "Monster: The Jeffrey Dahmer Story" was nominated for 13 Emmys, and Netflix has already renewed the anthology for a third season.

Persons: Lyle Menendez, Erik Menendez, Ryan Murphy, Jeffrey Dahmer, —, Lyle, Menendez, Erik Menendez's, Tammi Menendez, Murphy, Dominick Dunne, Joan VanderMolen, o7KEOEoYwr — Tammi Menendez, Dunne, Ian Brennan, Steve Granitz, It's, Kim Kardashian, Cooper Koch, Evan Peters, Dahmer, Netflix Dahmer, Rita Isbell, Errol Lindsey, Netflix should've, Tatiana Banks, Lindsey's, show's, haven't, Thomas M, Jacobson, " Jacobson Organizations: Service, Netflix, Hollywood

☆ Trump Media insiders sell nearly 11 million shares after lock-up period expires
▼ + stars: | 2024-09-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

A major Trump Media shareholder has sold nearly all of its company shares, an SEC filing showed. It's the first known sale of Trump Media shares following a September 19 lock-up expiry. AdvertisementTrump Media shareholder United Atlantic Ventures has sold nearly all of its stake in the company, amounting to nearly 11 million shares. The sale is the first known case of company insiders ditching Trump Media shares now that restrictions have expired. AdvertisementGiven how volatile the Trump Media stock is, UAV may have received anywhere between $128 million and $170 million for its sale.

Persons: —, Andrew Litinsky, Wes Moss, Donald Trump's, Moss, Trump, DJT Organizations: Trump Media, SEC, United Atlantic Ventures, Service, Social, UAV, Trump

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