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☆ Two former associates of Rep. Henry Cuellar agree to plea deal related to bribery case
▼ + stars: | 2024-05-10 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +2 min

Most of the money was eventually sent to the Cuellars, prosecutors allege, but Rendon didn’t think it was a good idea to send money directly to Imelda. From March 2016 to February 2018, Strother transferred nearly $215,000 to Cuellar’s wife, according to court filings. The Cuellars are not named in Strother’s and Rendon’s plea deal agreements, but both of their case numbers are listed as related cases to Cuellar’s in court records. Specific details laid out in the plea agreements also exactly match details in the indictment against Cuellar. Cuellar’s attorney, Chris Flood, told CNN in a statement, “As long as Strother and Rendon tell the truth, we are not worried.

Persons: Henry Cuellar’s, Department’s, Mina Colin Strother, Cuellar’s, Florencio “ Lencho, Cuellar, Imelda, Rendon, Strother, Imelda Cuellar, Chris Flood, ” Organizations: CNN —, Texas, CNN, ” CNN, Rendon Locations: San Antonio, Mexico City, Azerbaijan, South Texas, United States, Strother’s

☆ Who Owns a Drawing That May Be Nazi Loot? A Judge Will Decide.
▼ + stars: | 2024-05-09 | by ( Colin Moynihan | Tom Mashberg | ) www.nytimes.com time to read: +1 min

In 1964, Robert Owen Lehman Sr., a philanthropist and art collector who led the Lehman Brothers investment firm through the Great Depression, bought a small drawing by the Austrian artist Egon Schiele. A few weeks later, his son Robert Owen Lehman Jr. says, he received the drawing, a portrait of a rosy cheeked woman with a soft smile, from his father as a holiday gift. The collectors, Karl Mayländer and Heinrich Rieger, were associates of Schiele in Austria, and their heirs have each claimed ownership of “Portrait of the Artist’s Wife,” a depiction of Edith Schiele. Mayländer was a textile merchant who is depicted in at least two Schiele portraits. Both men were killed by the Nazis during World War II.

Persons: Robert Owen Lehman Sr, Egon Schiele, Robert Owen Lehman Jr, Karl Mayländer, Heinrich Rieger, Edith Schiele, Mayländer, Rieger Organizations: Lehman, Schiele Locations: Austrian, Austria

☆ What Wall Street finance bros should wear this summer
▼ + stars: | 2024-05-08 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

AdvertisementSo, Business Insider asked some style experts — and a finance bro — which brands and styles those on Wall Street should check out for their summer workwear. Men's fashion consultant Reginald Ferguson told BI that he wants his clients to remain "modern, yet classic" in their daily attire. Charles Tyrwhitt; Peter MillarPeter Millar and Charles Tyrwhitt were two brands suggested to BI by an early-career investment banker who asked to remain anonymous to protect his career. It's a "luxury golf brand that was smart to expand its line for its client to wear other garments while not on the course," Ferguson told BI. Kiton, another high-end brand with origins in Italy, is "the grail for the partner of the firm," Ferguson told BI.

Persons: —, Goldman Sachs, Mark Zuckerberg, Jeff Bezos —, Lauren Sanchez —, bro, Reginald Ferguson, Peter Millar, Charles Tyrwhitt, Peter Millar Peter Millar, Ferguson, nodded, Nicole Pollard Bayme, Bayme, Billionaire Bill Gates, Larry Ellison, Richard Mille Organizations: Service, bros, JPMorgan, Citigroup, Business, BI, LA, Casio, Getty, Billionaire Locations: Silicon, British, Italy

☆ Why Vista Equity Partners, one of Wall Street's most prominent tech investors, doesn't want its analysts using AI for due diligence
▼ + stars: | 2024-05-08 | by ( Bianca Chan | ) www.businessinsider.com time to read: +2 min

Vista Equity Partners, the private equity giant that's known for its tech investing, doesn't want its analysts using generative AI for due diligence. "And we do want our humans to actually go and read the stuff that's important that's going to make billion-dollar decisions in the diligence side." Other private equity firms, like the Swedish giant EQT, have introduced generative AI to the due diligence process, BI previously reported. Vista Equity Partners, which is in the business of buying companies, improving them, and selling them for a profit, employs people whose sole job is to transform operations of portfolio companies and help them scale, Saroya said. He added that the firm created a reference guide for its portfolio companies, including the data, cloud, and other software providers needed to be successful, and partnered with those companies for the portfolio companies to use, where appropriate.

Persons: that's, Monti, Saroya, That's Organizations: Vista Equity Partners, doesn't, Milken Institute Global, Flagship Fund, PE, underwriters Locations: Asia

☆ Former students say a California school district 'ignored and concealed' sexual abuse
▼ + stars: | 2024-05-08 | by ( Matt Drange | ) www.businessinsider.com time to read: +14 min

Three former students have filed suit, saying a SoCal school district failed to protect them from "rampant" sexual abuse. AdvertisementA group of sexual abuse survivors have filed suit in Los Angeles Superior Court, saying their high school district failed to protect them from predatory teachers for years. Administrators failed to properly supervise employees, the lawsuit claims, and repeatedly "ignored and concealed the sexual abuse of minor students." "It's about protecting the interests of the school district over protecting children." After leaving a job as PE teacher in the Lake Washington School District outside of Seattle, Scott Nelson was coaching basketball in the Issaquah school district.

Persons: —, Clara, Wing Chan, Alex Rai, Jane Doe, Eduardo Escobar, Escobar, I've, Michael Carrillo, Carrillo, Mark Abramson, Edward Zuniga, Chan, Rai, Edwin Reyes Villegas, Villegas, David Pitts, Pitts, Cindy, Ross Perry, Pitts didn't, didn't, Kristy, Sofia Hernandez, EMUHSD, Lee, William Riddell, Riddell, Lee couldn't, they'd, Jason Miyares, Erin Sucher O'Grady, Sucher O'Grady, Tony Arnold, Eric Burgess, she'd, David Brobeck, Brobeck, he'd, Nicole Miller, Burgess, Scott Nelson, He'd, Nelson, Lax, Matt Drange Organizations: Business, Rosemead, Service, Los Angeles Superior Court, Southern, Los, Los Angeles County Sheriff's Department, El Monte Union High School District, Business Insider, LA County Probation Department, Gabrielino, Ceanothus, High School, Fairfax County Police, Virginia Attorney's, Virginia, Fairfax County Police Department, Clayton High School, Laguna Beach High School, Laguna Beach Unified School District, Associates, Lake Washington School District, Issaquah, of Education, Los Angeles County Sheriff's, Temple City Locations: Los Angeles, Southern California, LA, California, Loudoun County , Virginia, Spokespeople, Fairfax, Louis County , Missouri, Laguna, Rosemead, Seattle, Issaquah, Lake Washington, Temple

☆ The alleged architect of a multibillion-dollar fraud that shook Wall Street heads to trial
▼ + stars: | 2024-05-07 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —In the spring of 2021, you might have heard about a small investment firm with an odd name, Archegos, that imploded practically overnight and left big Wall Street banks sweating over billions of dollars in losses. Put simply, prosecutors say Hwang had used financial instruments called “total return swaps” to gain exposure to the stocks without actually owning them. Over the course of a year, prosecutors say, Hwang grew his $1.5 billion portfolio into a $35 billion portfolio. Why the case mattersWhite-collar crime on Wall Street may seem like a distant problem for most Americans, and that may be true. And sometimes, as in the financial crisis of 2008, it was a bit of Wall Street tinkering in derivatives contracts that blew up in banks’ faces and collapsed the housing market.

Persons: CNN Business ’, Bill Hwang, Hwang, Matt Egan, Banks, Archegos, ” Hwang, Hwang didn’t, ”, isn’t, Dennis Kelleher Organizations: CNN Business, New York CNN, Archegos, Management, Viacom, Discovery, Warner Bros, CNN, Term Capital Management, Credit Suisse, Employees, Bloomberg, Tiger Asia Management Locations: New York, Korean, York City, ’

☆ Wall Street bonuses to rise this year as deals return, says report
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: +1 min

Bonuses are poised to recover on Wall Street this year, fueled by strong equity market gains and recovery in investment banking, according to financial services compensation firm Johnson Associates. As initial public offerings come back, bonuses for equity underwriters are expected to rise 10% to 20% this year. "We are seeing almost all segments on Wall Street raising compensation", said the firm's founder Alan Johnson. Higher trading volumes are expected to increase bonuses for bond traders between 10% and 20%, and 5% to 15% higher for equity traders. Executives working at wealth management will probably have 5% to 10% higher compensation, whereas asset management and hedge fund employees are expected to receive 5% higher bonuses.

Persons: Johnson, Alan Johnson Organizations: Johnson Associates, Investment Locations: U.S

☆ Panera says it is phasing out its controversial Charged Lemonade nationwide
▼ + stars: | 2024-05-07 | by ( Elizabeth Chuck | ) www.cnbc.com time to read: +5 min

Charged Lemonade from a Panera Bread Co. arranged in the Queens borough of New York, US, on Tuesday, Dec. 12, 2023. A Panera Bread spokesperson says the restaurant chain is phasing out its Charged Lemonade, a highly caffeinated beverage that has been blamed for at least two deaths in lawsuits. A spokesperson for Panera said Tuesday that the nationwide discontinuation of the Charged Lemonade comes after a "recent menu transformation." Panera previously advertised its Charged Lemonade as "Plant-based and Clean with as much caffeine as our Dark Roast coffee." Panera has since updated its nutrition information to reflect how much caffeine is in the Charged Lemonade with ice, listing the large size of the blood orange Charged Lemonade, for example, as having 302 milligrams.

Persons: Sarah Katz, Dennis Brown, Lauren Skerritt, Panera, Katz, Victoria Rose Conroy, Sarah, Brown, Elizabeth Crawford, Kline, Specter, Dennis, Lauren Organizations: University of Pennsylvania, Food and Drug Administration, NBC News, NBC Locations: Queens, New York, Florida, Rhode, Missouri, Pennsylvania, New York City, Philadelphia

☆ ‘Pregnant people’: The case for using gender-neutral language
▼ + stars: | 2024-05-06 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

CNN —The use of phrases such as “pregnant people” or “penis owners” in cultural or political discourse is sometimes met with confusion, or even anger. And it’s the most inclusive, streamlined way to refer to everyone who, regardless of their gender identity, has certain anatomy or biological abilities. Using gender-inclusive language can create an environment of acceptance, experts say. READ MORE: Gender identity: The difference between gender, sex and other need-to-knowsHere’s what experts have to say about these linguistic changes and concerns that have been raised. Gender-inclusive language may seem to be just words, but research has shown that acceptance can be lifesaving for transgender and nonbinary people, Miller said, both for medical and psychological reasons.

Persons: “, Jack Drescher, Alberto Mier, they’re, ”, Keygan Miller, Miller, Dr, Dennis Baron, ” Miller, can’t, —, hasn’t, “ it’s, ” Baron, Drescher, uteruses, ” Drescher, haven’t, ’ ” Baron, it’s, ’ Organizations: CNN, Group, of Psychiatry, Columbia University, American Psychological Association, University of California, Los Angeles ’ Williams Institute, UCLA, University of Illinois, American Medical Association, American Psychiatric Association, National Institutes of Health Locations: New York City, United States, Los Angeles, Urbana, Champaign, “

☆ Bernard Hill, Actor in ‘Titanic’ and ‘Lord of the Rings,’ Dies at 79
▼ + stars: | 2024-05-05 | by ( Alex Traub | ) www.nytimes.com time to read: +1 min

Bernard Hill, a British actor who incarnated a humble style of masculine leadership in three hugely successful Hollywood movies, “Titanic” and two films in the “Lord of the Rings” franchise, died on Sunday. His death was announced in a family statement sent by a representative of Lou Coulson Associates, a British talent agency. It did not say where he died or provide a cause. Mr. Hill drew praise from critics for his work in serious TV dramas, small-budget films and theater. But he was best known for playing the ship’s captain in “Titanic” (1997) and the ruler of a horsemen’s kingdom in the second and third installments of the “Lord of the Rings” trilogy, “The Two Towers” (2002) and “The Return of the King” (2003).

Persons: Bernard Hill, Lou Coulson, Hill, King ”, ”, Ben, Hur Organizations: Rings, Lou Coulson Associates, Manchester Evening Locations: British

☆ Man Behind California Forever, Silicon Valley's City of the Future
▼ + stars: | 2024-05-05 | by ( Hugh Langley | Adam Rogers | ) www.businessinsider.com time to read: +29 min

He sees California Forever. And if he can't undo the damage, there may never be a California Forever. California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. But here's the thing: California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. Places like California Forever aren't being opposed by the people who are desperate for a place to live.

Persons: Jan Sramek's, Goldman Sachs, Sramek, Reid Hoffman, Laurene Powell Jobs, Marc Andreessen —, They've, Christie Hemm, Peter Thiel, Jan Sramek, Jan, Thiel, Goldman, CheatSheet, Sramek's, hadn't, Jonas Rave, who's, —, Guy Saidenberg, Evernote, Marc Andreessen, Jane Jacobs, He's, he'd, Robert Moses, growth.y Christie Hemm, Flannery, Bronson Johnson, David George, Andreessen Horowitz, Marilyn Farley, Farley, Solano County's, Kathleen Threlfall, Bill Mortimore, California Forever's, Jessica Christian, he's, Lyle Lanley, Solano, Sam Houston, weren't, Gabriel Metcalf, You've, John Garamendi, Garamendi, isn't, they'll, latte, Christie, Travis, I've, aren't, They're Organizations: Silicon, California, BI Development, University of Cambridge, London School of Economics, Party, Rising Star, Facebook, York, Sramek's, BI Sramek, Google, American, Planners, Sacramento -, Travis Air Force Base, Area, titans, Farmers, councilwoman, California Forever, Sacramento Municipal Utility District, Air Force, Flannery Associates, Disney, San Francisco, Vallejo Naval, Historical Museum, Rep, BI, Solano, Sierra, Goldman Locations: San Francisco, It's, Sramek, California, Rio Vista, Solano County, Napa, Sacramento, Silicon Valley, America, London, Zurich, England, Czech Republic, Dřevohostice, York, British, Eastern Europe, Cambridge, Bay Area, Hayes Valley, America's cutest, Atlanta, Phoenix, Copenhagen, Barcelona, New York, Sacramento - San Joaquin, San Francisco Bay, Lake Tahoe, Toledo , Ohio, Silicon, Google's, Toronto, Big Tech, China, Calif, Springfield, Vallejo, He's, Atherton, Foreverville, Fairfield, Austin, Solano, Valley, Europe

☆ House GOP embroiled in escalating primary feuds with majority on line
▼ + stars: | 2024-05-05 | by ( Manu Raju | Melanie Zanona | ) edition.cnn.com time to read: +10 min

For more on House Republican primary infighting, watch “Inside Politics with Manu Raju” on Sunday at 8 a.m. Washington CNN —GOP Rep. Don Bacon has had it with the far-right of his conference. Now McCarthy allies in the House GOP Conference are considering giving a boost to Aaron Dimmock, the retired Navy officer facing off against Gaetz in the August 20 primary. And while the outcomes in most of these primary races won’t impact the GOP’s efforts to keep the majority, they will shape the makeup of the next House Republican Conference and how they pursue their agenda. Several of Gonzales' colleagues in the House are backing a GOP primary challenger in his race for reelection.

Persons: Manu Raju ”, Don Bacon, They’ve, Republicans —, Bob Good, “, Bob Good’s, ” Bacon, we’ve, Tony Gonzales, Matt Gaetz, Good —, Adam Morgan, William Timmons, Kevin McCarthy, John McGuire, McCarthy, Mike Johnson, Dan Newhouse, Donald Trump, MAGA, Scott Perry, Jerrod, Gaetz —, McCarthy —, Gaetz, Aaron Dimmock, Derrick Van Orden, tubby ”, Chip Roy, Samuel Corum, Trump, ”, Ralph Norman, Morgan, Timmons, Joe Biden, Sen, Tony Vargas, Bacon, Dan Frei —, Lee Terry, “ He’s, ” Frei, Frei, Eric Underwood, Underwood, Bacon doesn’t, ” Underwood, he’s, Frei mailer, it’s, Gonzales, Tom Williams, Sarah Chamberlain, McGuire, Good’s, Steve Bannon, I’ve, ” Johnson, that’s, undercutting, CNN’s Jeff Zeleny, Sheden Tesfaldet Organizations: Republican, Washington CNN, GOP, Republicans, Nebraska Republican, CNN, Congress, Caucus, Rep, Good, Washington, Trump, Freedom Caucus, House GOP Conference, Navy, Gaetz, ”, Wisconsin Republican, Capitol, Getty, House Republican Conference, Democratic, Nebraska Republican Party, Nebraska Republicans, “, mailer, Republican Main Street Partnership, Nebraska GOP Locations: Nebraska, Texas, Florida, South Carolina, Virginia, Scott Perry of Pennsylvania, Wisconsin, Washington, Ukraine

☆ Urris: Irish moonshine and the village that declared itself an outlaw republic
▼ + stars: | 2024-05-02 | by ( Yolanda Evans | ) edition.cnn.com time to read: +8 min

Back in the 19th century, however, this county was at the center of an illegal trade in poitín – or Irish moonshine. Inishowen in particular was such a hive of illegal activity that the area was jokingly referred to as the Urris Poitín Republic. Fed up with the heavy fines, the people of Urris declared themselves the independent nation of the “Urris Republic of Poitín” and sealed themselves in by collapsing the pass in 1812, McLaughlin-Doherty explains. The townspeople were able to be self-sufficient because of their farmlands and fishing, thus allowing the Urris Republic of Poitín to last for three years before the coup was ended in 1815. The Catholic Church, a stronghold in Ireland, was instrumental in the eventual curbing of illegal poitín production.

Persons: there’s, Malin, –, uisce, Innis Murray, Martin Hegarty, Jennifer McLaughlin, Doherty, “, Urris, McLaughlin, Poitín, ”, Pat Doherty, poitín, Clara Molden, Aengus King, Pádraic Ó Griallais, Poitin, Ó Griallais Organizations: CNN, Donegal, distillers, Irish Ancestral Tours, Research, “, Catholic, Camera, Drinks, Micil Distillery, Revenue, Department, Agriculture Locations: Inishowen, Ireland’s, There’s, Clonmany, Lenan, poitín, Republic, Ireland, Sligo, Urris, Poitín Republic, Poitín, Urris Republic, Republic of Urris, Ireland’s Shannon, Dublin, Drinks Ireland, Galway, “, Britain

☆ Move over New York Times, now LinkedIn is adding brain-busting games
▼ + stars: | 2024-05-01 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Watch out “Connections,” LinkedIn says it’s adding a variety of games aimed at making actual connections. The Microsoft-owned platform, best known for professional networking and sharing news, is taking a page from the New York Times and adding three, free “thinking-oriented” games as a way to tap into the explosive popularity of brain-busting puzzles people are adding to their daily routine. People share articles less to push advice on people and more because “they’re trying to build meaningful relationships,” Daniel Roth, editor in chief of LinkedIn, told CNN. “We’ve seen that with the recent explosion of short games that help you.”What are the games? Ultimately, Times’ games have become a major revenue driver for the newspaper.

Persons: “ they’re, ” Daniel Roth, ”, “ We’ve, Minda Smiley, “, Roth, Laura Lorenzetti, Smiley Organizations: New, New York CNN —, LinkedIn, Microsoft, New York Times, CNN, “, Times, New York World Locations: New York, Queens, ”

☆ Macro disturbances have opened up opportunities in greater Europe, says Harris Associates' Herro
▼ + stars: | 2024-05-01 | 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 EmailMacro disturbances have opened up opportunities in greater Europe, says Harris Associates' HerroDavid Herro, Harris Associates CIO of international equities and portfolio manager, joins 'Money Movers' to discuss if Europe successfully completed a soft landing from inflation, how strong performance in the United States affects stocks in Europe, and much more.

Persons: Harris, David Herro Organizations: Harris Associates Locations: Europe, United States

☆ Elon Musk and 'anti-Biden brain trust' bonded at exclusive Hollywood Hills dinner, report says
▼ + stars: | 2024-05-01 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Read previewElon Musk, at an exclusive April dinner, commiserated with a group of billionaires about their distrust in Democratic politicians like Joe Biden, according to a new report by Puck. The outlet reported that Musk and venture capitalist David Sacks hosted the private event at Sacks' $23 million estate in the Hollywood Hills. This story is available exclusively to Business Insider subscribers. Related storiesRepresentatives for Musk, Sacks, and other dinner attendees identified by Puck did not immediately respond to requests for comment from Business Insider. "In the past I voted Democrat, because they were (mostly) the kindness party," Musk wrote in a tweet in May 2022.

Persons: —, Elon, Joe Biden, Puck, David Sacks, Sacks, Peter Thiel, Travis Kalanick, Steven Mnuchin, Donald Trump, Biden, Musk, Michael Milken, Milken's, Milken, Trump, OpenSecrets, Don Lemon, Lemon Organizations: Service, Hollywood, Business, Democratic, Biden, Houston Chronicle, SpaceX hasn't, Trump, National Republican Congressional Committee, Democratic Party, Republican, The New York Times, CNN Locations: Palm Beach , Florida

☆ Amazon-backed Anthropic launches iPhone app and business tier to compete with OpenAI's ChatGPT
▼ + stars: | 2024-05-01 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

The generative artificial intelligence startup is the company behind Claude, one of the chatbots that, like OpenAI's ChatGPT and Google 's Gemini, has exploded in popularity in the past year. Anthropic's first iOS app is free for users across all plans and also available starting Wednesday. In a release Wednesday, Anthropic confirmed that other current clients using Claude include Pfizer, Asana, Zoom, Perplexity AI, Bridgewater Associates and more currently. Now, it's one of the hottest AI startups, with a product that directly competes with ChatGPT in both the enterprise and consumer worlds. Anthropic's stance on the military use of Claude is similar to OpenAI's updated policy.

Persons: Anthropic's, Claude, Amodei, Anthropic, Daniela Amodei, it's, Opus, OpenAI's, Asana, It's, Moby Dick, Harry Potter, OpenAI Organizations: CNBC, Google, Team, Pfizer, Asana, Bridgewater Associates, ChatGPT

☆ Good news: The worst could be over for gas prices this spring
▼ + stars: | 2024-04-30 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

US gas prices have stopped rising and even briefly dipped in recent days. Now, there is growing hope that gas prices are at or near a peak for the spring – or perhaps even for the year. ‘Could have been much worse’Of course, none of this is to say gas prices are cheap. A spike in gas prices would be the last thing President Joe Biden needs as he struggles to convince voters of his economic message before November. Why gas prices have cooledThere are multiple reasons why gas prices have stopped rising for the moment.

Persons: Patrick De Haan, “ I’m, ” De Haan, Tom Kloza, ”, Andy Lipow, “, De Haan, Joe Biden, Lipow, ” Lipow, Kloza Organizations: New, New York CNN, OPEC, AAA, CNN, “, Oil Price Information Service, Lipow Oil Associates, Drivers, Federal Reserve, Biden, US Strategic Petroleum Reserve, Coast, Colorado State University Locations: New York, Israel, Iran, Covid, California, De Haan ., Washington, Syria, West Texas, New Mexico, Saudi Arabia, Russia

☆ A new Walmart in-store AI is giving employees advice on how to sell products before it's too late
▼ + stars: | 2024-04-30 | by ( Michelle Castillo | ) www.cnbc.com time to read: +6 min

The internally developed AI technology allows Walmart employees to scan produce like bananas to see how ripe the product is. Many clothing items are not recyclable, due to being made of blended fabrics. U.S. residents also discard about 11.3 million tons of clothing waste each year, according to Earth.org. Walmart isn't alone in using AI to tackle in-store waste, as several startups are creating tools to solve this growing problem. "When it comes to food waste, there is no silver bullet," said ReFED's executive director Dana Gunders, which has worked with Walmart for a few years on food waste solutions.

Persons: it's, Swati Kirti, Kirti, It's, UCLA Anderson, Sravana Karnati, Dana Gunders, Homer Swei, Swei, Karnati Organizations: Walmart, Walmart International Tech, UCLA, Walmart International Technology, Walmart Global Tech, Retailers Locations: Canada, U.S, United States, Mexico

☆ Opinion: Harvey Weinstein’s prosecutors made a huge mistake. Trump’s prosecutors risk repeating it
▼ + stars: | 2024-04-29 | by ( Opinion Jim Walden | Deanna Paul | ) edition.cnn.com time to read: +6 min

Jim Walden Courtesy of Jim WaldenA few days later, New York’s highest court overturned the sex crimes conviction of Hollywood movie mogul Harvey Weinstein. And the recent dramatic developments in the Weinstein case demonstrate why the presiding judge in the Trump trial, Judge Juan Merchan, needs to reverse his ruling allowing Trump to be questioned about proven misconduct from other cases. If he doesn’t, Trump could have an easy path to having a conviction in the case tossed out. This is essentially what happened in the Weinstein case. If he does not, Trump could get a conviction overturned while the ink hasn’t yet dried on the jury’s verdict.

Persons: Jim Walden, Deanna Paul, Walden, Donald Trump’s Manhattan, Harvey Weinstein, Weinstein, Trump, Juan Merchan, Deanna Paul Meredith Eves Flynn Trump, —, Karen McDougal, Stormy Daniels, David Pecker, Michael Cohen, Cohen, Daniels, Maggie Haberman, Merchan, Letitia James, E, Jean Carroll, Merchan’s, James Burke, Burke’s Organizations: New, CNN, Republican, Hollywood, Trump, Prosecutors, National Enquirer, New York Times, New York, Manhattan, Appeals Locations: New York

☆ Trouble brews at The Wall Street Journal, where EIC Emma Tucker faces falling morale and the union edges toward a strike
▼ + stars: | 2024-04-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

Read previewEmma Tucker's arrival at The Wall Street Journal a little over a year ago was met with enthusiasm. This story is available exclusively to Business Insider subscribers. Business Insider talked to a dozen insiders for this story; many of them said they had felt a shift from optimism to angst regarding Tucker and the newsroom generally. A Journal spokesperson said Tucker wasn't available to comment but offered an interview with Taneth Evans, Tucker's associate editor. Evans told Business Insider that the changes were drawn out to give the new leadership time to understand how the newsroom works.

Persons: —, Emma Tucker's, Tucker, She's, effused, Liz Harris, Dow Jones, IAPE, Tucker wasn't, Taneth Evans, Tucker's, Evans, I've, Harris, Emma Tucker, Joy Malone, Rupert Murdoch, Matt Murray, Murray, Elon, Taylor, I'm, OpenAI's Sam Altman, Michael Bloomberg's, Lachlan Murdoch, Adrian Edwards, Axel Springer Organizations: Service, Wall, Business, Dow, Independent Association of Publishers ' Employees, CWA, Associates, Sunday Times, The New York Times, Times, Boeing, News Corp Locations: New York, London, Tesla, Gaza, New York City

☆ 6 psychological mistakes business leaders make, including 'crossing the net'
▼ + stars: | 2024-04-29 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

Dr. Matthew JonesMost of Jones' clients work in tech and often deal with fast-paced work environments and uncertainty. AdvertisementJones shared six of the biggest communication mistakes he's seen business leaders and cofounders make — from how they address conflict to ignoring it until it's too late. They only understand business languageJones said there are three types of languages that all business teams speak: operational, psychological, and archetypal. They don't check in enoughJones said that when business leaders don't normalize listening and giving feedback, it can create rifts between them over time. AdvertisementUnfortunately, that represents the smallest percentage of his business clients; the vast majority "are currently experiencing varying degrees of conflict," he said.

Persons: —, Matthew Jones, Dr, Jones, cofounders, it's Organizations: Service, Business, Stanford

☆ My Investment Banking Job Nearly Destroyed Me
▼ + stars: | 2024-04-29 | by ( Christine Ji | ) www.businessinsider.com time to read: +9 min

I hadn't expected to be lying on the office floor thinking that I needed to quit my investment banking job — yet there I was. The allure of an investment banking job is seductive. Being an investment banking analyst was much sexier in theory than practiceI knew banking would be intense from the internship, but nothing could've prepared me for just how intense the full-time role was. There's very little advice out there on how to quit your investment banking job. I can't say I loved investment banking to that degree, so I walked away.

Persons: could've, nauseous, there'd, Ji Organizations: Business, Ivy League, Wall

☆ Target's CEO made 719 times the median employee's pay last year
▼ + stars: | 2024-04-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Target CEO Brian Cornell received total compensation of $19.2 million last year. The median compensation for associates was $26,696, according to Target's annual proxy statement. Cornell's pay is behind Walmart CEO Doug McMillon and ahead of former Costco CEO Craig Jelinek. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The pay package consisted of $1.4 million in base salary, $14.7 million in stock awards, and about $3.1 million in other compensation.

Persons: Brian Cornell, Doug McMillon, Craig Jelinek, —, Cornell, Doug McMillon's, Dominick Reuter Organizations: Walmart, Costco, Service, SEC, Business Locations: New York

☆ Trump allies are drawing up plans to make the Fed less independent, report says
▼ + stars: | 2024-04-26 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +1 min

Allies of former president Trump are drafting plans to chip away at the independence of the Fed, The Wall Street Journal reported. Trump has not publicly acknowledged the plan, but sources said it has his blessing. The plan also suggests Trump could fire Jerome Powell before his term ends in 2026. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: Trump, Jerome Powell, —, Donald Trump's Organizations: Fed, Street Journal, Service, Republican, Federal Reserve, Street, Business

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