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Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17yth, 2024. "You have all these very powerful forces that are going to be affecting us in '24 and '25," Dimon told Andrew Ross Sorkin Wednesday in a CNBC interview at the World Economic Forum in Davos. "Ukraine, the terrorist activity in Israel [and] the Red Sea, quantitative tightening, which I still question if we understand exactly how that works," Dimon said. Quantitative tightening refers to moves by the Federal Reserve to reduce its balance sheet and rein in previous efforts including bond-purchasing programs. In Dimon's view, the relatively buoyant stock market of recent months has lulled investors on the potential risks ahead.
Persons: Jamie Dimon, JPMorgan, 17yth, JPMorgan Chase, Dimon, Andrew Ross Sorkin, dory, we've Organizations: JPMorgan Chase, JPMorgan, CNBC, Economic, Federal Reserve Locations: Davos, Switzerland, U.S, Ukraine, Israel
Let's find out in our Samsung Galaxy Z Fold 5 vs. AdvertisementSamsung Galaxy Z Fold 5 vs. At least you can choose something more lively when protecting the phone with one of our picks of the best Galaxy Z Fold 4 cases or Galaxy Z Fold 5 cases. AdvertisementSamsung Galaxy Z Fold 5 vs. Z Fold 4 on the left and Z Fold 5 on the right.
Persons: you've, I've, 12MP, Brendan Griffiths, I'm, Max, Samsung's, that's, Foldables, I'd, Price Organizations: Samsung, 1TB, Apple, Microsoft, Google, Samsung's Locations: Bath
What is 'stack ranking?' "Stack ranking" is an employee rating system popularized by executive Jack Welch in the 1980s during his time as CEO of GE. Does stack ranking work? And in many cases, having a stack ranking system is actually helpful, because there's an objective, collaborative process to evaluating employees," he said. Why is stack ranking controversial?
Persons: , Alykhan Sunderji, Sunder, Jack Welch, Sunderji, Banks, Goldman Sachs, McDonald's, Chris Kempczinski Organizations: Amazon, CNBC, GE, Amazon Pay, Google, Microsoft, Origin, New York Times
Lawmakers are ramping up their scrutiny of Shein after it confidentially filed to go public last week. "Urge the SEC to apply maximum scrutiny to Shein's business and management before letting it anywhere near our capital markets," Luetkemeyer said in the video, viewed by CNBC. They include legislation that would block Shein from trading in the U.S. or bar its shipments from coming into the country. Gallagher is also interested in pursuing reforms to the trade loophole known as the de minimis provision and expanding enforcement of the Uyghur Forced Labor Prevention Act, the aide said. The committee is investigating Shein over its use of forced labor and de minimis — probes that are ongoing, Luetkemeyer said.
Persons: confidentially, Blaine Luetkemeyer, Shein, Luetkemeyer, let's, Mike Gallagher, Gallagher Organizations: U.S . Securities, Exchange, CNBC, SEC, Chinese Communist Party, Uyghur, Labor Locations: U.S
11-year-old Moo Abraham went viral on TikTok this year after showing off her lavish lifestyle. Videos on the account of Love Luxury, a store owned by her parents, show her modelling clothes and jewelry worth thousands. AdvertisementAn 11-year-old girl has caused a stir on TikTok and divided users' opinions as videos of her showing off her luxury items including a $124,000 watch and a $31,000 Hermés handbag have gone viral. The Patek Philippe Nautilus 5711 , which was discontinued by the brand, is being resold for anywhere between £70,000 ($87,000) to £266,798 ($333,000) on the luxury watch marketplace Chrono24. Business Insider couldn't independently verify whether Moo Abraham owns the items she models, or whether they are stock in her parents' store.
Persons: Moo Abraham, , Emily, Adam Abraham, Louis Vuitton, Dior, Gucci, billionairesdaughter, She's, Emily Abraham, she's, Philippe, Kelly, Philippe Nautilus, couldn't, Moo, Royce Cullinan, item's Organizations: Service, Love, Philippe Nautilus, Fashion Locations: London, TikTok, Knightsbridge , London, Dubai
Chicago homeless migrants shelter faces backlash
  + stars: | 2023-12-01 | by ( Eric Cox | ) www.reuters.com   time to read: +3 min
[1/5] Migrants, without a place to stay upon arrival in the city, seek safe shelter inside the District 12 station of the Chicago Police Department in Chicago, Illinois, U.S. May 17, 2023. REUTERS/Eric Cox/File Photo Acquire Licensing RightsCHICAGO, Dec 1 (Reuters) - Chicago is grappling with local backlash against moving homeless migrants into a new government-run tent encampment as temperatures drop and more migrants continue to arrive. Hundreds of migrants are still sleeping on floors or in tents outside city police stations. Community members in Brighton Park are suing the city to try to stop construction, saying it violates Chicago zoning laws. "In May, Mayor Johnson welcomed migrants to Chicago, saying the city has 'enough room' for them," Eze said in a statement.
Persons: Eric Cox, Ricardo Palacios, Chicago Mayor Brandon Johnson, Johnson, Greg Abbott's, Abbott, Renae Eze, Mayor Johnson, Eze, Ted Hesson, Mary Milliken, Sandra Maler Organizations: Chicago Police Department, REUTERS, Rights, Chicago, O'Hare International, Chicago Mayor, Democrat, Republican, Texas, Democratic, Thomson Locations: Chicago , Illinois, U.S, Chicago, Chicago's Brighton Park, Illinois, Brighton Park, Texas, Mexico, Venezuela, Chicago , New York, Los Angeles, Washington
In this article BRK.A Follow your favorite stocks CREATE FREE ACCOUNTwatch nowBillionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett's right-hand man at Berkshire Hathaway, has died at age 99. In addition to being Berkshire vice chairman, Munger was a real estate attorney, chairman and publisher of the Daily Journal Corp., a member of the Costco board, a philanthropist and an architect. We've gotten good at fishing where the fish are," the then-93-year-old Munger told the thousands of people at Berkshire's 2017 meeting. Warren Buffett (L), CEO of Berkshire Hathaway, and vice chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. "Well, I would say basically we're like the captain of a ship when the worst typhoon that's ever happened comes," Munger told The Wall Street Journal in April 2020.
Persons: Charlie Munger, Warren Buffett's, Munger, Berkshire Hathaway, Buffett, Greg Abel, Benjamin Franklin, We've, Charles Thomas Munger, Alfred, Florence, Toody, didn't, Janet Lowe's, Nancy Huggins, Olson, Wheeler, Dean Scott Derue, Franklin Otis Booth, Booth, Derue, CNBC's Becky Quick, Charlie, He's, I've, Warren Buffett, Johannes Eisele, Goldman Sachs, We're, Oh goody, goody, everything's Organizations: Berkshire Hathaway, Berkshire, New, Daily Journal Corp, Costco, Buffett's Berkshire, CNBC, University of Michigan, Army Air Corps, California Institute of Technology, Scripps College, Harvard Law School, Tolles, Munger & Co, Michigan Ross Business School, Los Angeles Times, Buffett, Omaha, AFP, Getty, Bank of America, Wall Street Journal Locations: California, Munger, Pasadena , California, Berkshire, Omaha , Nebraska, Omaha, Warren, Pasadena
AdvertisementThis as-told-to essay is based on a conversation with Kiara Areli, a 22-year-old truck driver based in the Chicago area. At Amazon, I joined the Amazon Career Choice program , an educational initiative designed to empower Amazon employees to learn new skills for career success. Becoming a truck driver was one of the best decisions I've ever madeBefore becoming a truck driver, I was in a dark place and had no idea what I wanted to do with my life. Honestly, I don't regret not continuing college — now I feel like I have a purpose because I'm also inspiring others to consider this truck driving career path. If you have worked as a truck driver and want to share your story, email Aria Yang at ayang@insider.com.
Persons: , Kiara Areli, would've, you'll, It's, I've, I'm, Aria Yang Organizations: Service, Amazon Locations: Chicago, Lockport, Lombard, Batavia , Illinois, Skokie , Illinois, ayang@insider.com
Leah Millis | ReutersOpenAI's unusual company structure weakened Sam Altman's position as CEO and left him open to surprise on Friday when he was quickly ousted from the company. But Altman and co-founder Greg Brockman, who also left OpenAI Friday, didn't have the power that Kalanick had. "I have no equity in OpenAI," Altman said in a May Senate hearing on A.I. OpenAI's capped profit structureThe easiest way to think of OpenAI's structure is to picture a waterfall. Limited returnsOpenAI added its capped profit OpenAI Global subsidiary in 2019.
Persons: Sam Altman, OpenAI, Chuck Schumer, Leah Millis, Sam Altman's, Travis Kalanick, Altman, Greg Brockman, didn't, Kalanick, John Kennedy's, Kennedy, Organizations: Intelligence, Senate, U.S, Capitol, Reuters, OpenAI, Microsoft, OpenAI Inc, Global Locations: Washington , U.S, OpenAI
Thompson had spent five years teaching English in Madrid after college, but quit when she started on Upwork. "I've always loved teaching English —that's what I've always been about," she said. She created another YouTube channel for teaching EnglishThompson's videos about how to be a freelance transcriber were gaining popularity, ultimately being viewed 340,000 times. She started the Sparkle English channel in February 2020. She plans to make her side hustle her main channelToday, Thompson does far less freelancing and her Upwork YouTube channel is her main income.
Persons: Jennifer Thompson, Thompson, I've, She'd, I'm, I'd, ChatGPT Organizations: YouTube Locations: Madrid, Canada, Spain
Trautman purchased a 53-foot sailboat called the SV Delos for $398,000 with a $81,000 down payment. WE SailSince he started traveling the world by boat, Trautman has visited over 45 countries and has racked up 70,000 ocean miles. When Sierra turned four months old, the now family of three returned to life on the sailboat. To stay connected with their family members on land, Trautman says they have their loved ones visit them when they are docked. The couple stays connected to their family online and by planning trips to places they're docked.
Persons: Brian Trautman, Trautman, maxed, Karin, Sierra Organizations: Microsoft, CNBC, SV Delos, YouTube, Sailing SV Delos, WE Locations: Redmond , Washington, Bellingham , Washington, New Zealand, Polynesia, Sweden, Caribbean, Philippines, they're
Author and executive coach Carole Robin, speaking at a Leaders In Tech retreat. With Leaders in Tech, Robin set out to create a space for founders to practice vulnerability, free of the need to always be crushing it. The Leaders In Tech Retreat provides a world away from the relentless stress of Silicon Valley. 'If you really knew me'Participants meet in groups of 12, carefully selected to ensure no one is paired with a competitor or potential investor. "If you really knew me, you would know that I'm, I'm worried about whether or not my marriage is going to survive my startup."
Persons: Joe —, , Joe, they'd, hadn't, helming, Carole Robin, Robin, they're, Obi Felten, Oliver Hospitality, I'm, Felten Organizations: In Tech, Stanford Business School, Tech, UC Berkeley, Entrepreneurs, Google, Lodge, Menlo Locations: San Francisco, Tomales, Silicon Valley, Marconi, Marshall , California, Pacific, Felten's
Author and executive coach Carole Robin, speaking at a Leaders In Tech retreat. With Leaders in Tech, Robin set out to create a space for founders to practice vulnerability, free of the need to always be crushing it. The Leaders In Tech Retreat provides a world away from the relentless stress of Silicon Valley. 'If you really knew me'Participants meet in groups of 12, carefully selected to ensure no one is paired with a competitor or potential investor. "If you really knew me, you would know that I'm, I'm worried about whether or not my marriage is going to survive my startup."
Persons: Joe —, , Joe, they'd, hadn't, helming, Carole Robin, Robin, they're, Obi Felten, Oliver Hospitality, I'm, Felten Organizations: In Tech, Stanford Business School, Tech, UC Berkeley, Entrepreneurs, Google, Lodge, Menlo Locations: San Francisco, Tomales, Silicon Valley, Marconi, Marshall , California, Pacific, Felten's
My sister and I inherited his house and sold it to put deposits down on our own apartments. We knew we'd inherit the house and his possessions; he'd told us we were the only people in his will. We had two weeks to put our dad's house on the market, clear out 40 years of memories, and decide what to do with all his possessions. AdvertisementAdvertisementIt took me a long time to accept the inheritanceI was almost embarrassed by suddenly having money. AdvertisementAdvertisementThe money didn't feel like mine and neither, to a certain extent, did the flat.
Persons: , Dad, he'd, everything's, We'd, We've, hadn't, should've, I'd, I'm, sharer, I've, wouldn't, didn't Organizations: Service Locations: Australia
In a Thursday blog post, CEO Linda Yaccarino ignored all the chaos and said X's "future is bright." User numbers are reportedly down, regulators are probing the platform over disinformation, and competitors have popped up around every corner. AdvertisementAdvertisementX's CEO Linda Yaccarino also made headlines in September after giving a car-crash interview, where she seemed not to have a grasp on precise user numbers and couldn't answer questions about a paywall. Yaccarino also flagged the platform's user numbers as a point of success, pointing to new signups and time spent on the platform as potential indicators. Representatives for X and Yaccarino did not immediately respond to Insider's request for comment, made outside normal working hours.
Persons: It's, Elon Musk, Linda Yaccarino, , Yaccarino, X Organizations: Elon, Twitter, Service, Ebiquity, Wall Street
"Based upon the economic data that I've seen and what you read and hear about, I do not expect there to be a recession," Pounardjian said in a recent interview with Insider. And what happens, of course — there's not a recession," Pounardjian said. 8 ways to bet on strong consumer spendingWhile many of his fellow portfolio managers ditched stocks, Pounardjian stayed calm last year and kept his clients' money in markets. "The baby gets thrown out with the bathwater, and the market shoots first and asks questions later," Pounardjian said of consumer stocks. Below are eight stocks in the consumer staples sector that are held by Pounardjian, his clients, or both.
Persons: Razmig Pounardjian, Pounardjian, We've, There's, it's, Derek Thompson Organizations: Bulls, Carnegie Investment, The
ACAPULCO, Mexico, Oct 27 (Reuters) - Looting ravaged the Mexican city of Acapulco after the iconic beach resort was hammered this week by Hurricane Otis, a record-breaking storm that killed at least 27 people and left thousands of residents struggling to get food and water. [1/5]People walk among rubble in the aftermath of Hurricane Otis, in Acapulco, Mexico, October 27, 2023. 'WE WERE LUCKY'Mexican authorities said Otis was the most powerful storm ever to strike Mexico's Pacific coast. To evacuate tourists, an air bridge between Acapulco and Mexico City was being set up on Friday after authorities got the city's battered airport back up and running. Lopez Obrador urged insurance companies to speed up payouts.
Persons: Hurricane Otis, Otis, everything's, Rodolfo Villagomez, Andres Manuel Lopez Obrador, Lopez Obrador, Raul Busto Ramirez, Letitia Murphy, Neil Marshall, Murphy, Quetzalli, we're, Enki, Lopez, Pope Francis, Joe Biden, America Movil, Alexandre Meneghini, Jose Cortes, Diego Ore, Kylie Madry, Laura Gottesdiener, Natalia Siniawski, Dave Graham, Chizu Nomiyama, Bill Berkrot, Sandra Maler, Raju Gopalakrishnan Organizations: Reuters, REUTERS, Central America, LUCKY, Otis, America, Thomson Locations: ACAPULCO, Mexico, Acapulco, Guerrero, Acapulco's, Hurricane, British, State, Mexican, Mexico City, Monterrey, Gdansk
Corcoran says she convinced the previous owner to sell the trailer by saying she'll still let her "use it whenever." AdvertisementAdvertisementIn an attempt to convince the previous owner to let go of the trailer, Corcoran ended up making her an offer she couldn't resist. AdvertisementAdvertisementThe TikTok video has since amassed over 3,000 comments, with many users expressing surprise at Corcoran's home. "I love that she could EASILY afford a seaside mansion, but opts for a trailer with a view," one TikTok user commented. AdvertisementAdvertisement"love the home, but million dollar beachfront trailer park is something that can only exist in LA," a TikTok user commented.
Persons: Barbara Corcoran's, Caleb Simpson, Corcoran, she'll, , Barbara Corcoran, who's, Simpson, that'll, she's, lauding Corcoran Organizations: Service, Pacific Palisades, Corcoran, New York City, YouTube Locations: Pacific Palisades, Los Angeles, LA, Angeles, Pacific, New York
Diamondbacks aim to finish NLDS sweep of Dodgers
  + stars: | 2023-10-10 | by ( Field Level Media | ) www.reuters.com   time to read: +4 min
The Diamondbacks carry a commanding 2-0 lead into Game 3 of the best-of-five National League Division Series while putting the Los Angeles Dodgers on the brink of elimination. The Dodgers need to win three consecutive games to avoid the embarrassment of a second NLDS defeat in two seasons. Just about everything has gone right for the Diamondbacks, who have scored nine first-inning runs in two games and have limited Dodgers starters Clayton Kershaw and Bobby Miller to a combined two innings. In Game 2, relievers Ryan Thompson, Kevin Ginkel and Paul Sewald held the Dodgers scoreless over the final 3 1/3 innings. Lynn is 6-1 lifetime against the Diamondbacks with a 2.96 ERA in 14 appearances (12 starts).
Persons: Clayton Kershaw, Bobby Miller, Torey Lovullo, Corbin Carroll, Tommy Pham, Lourdes Gurriel Jr, Merrill Kelly, Zac Gallen, Ryan Thompson, Kevin Ginkel, Paul Sewald, Sewald, Brandon Pfaadt, Lance Lynn, Pfaadt, Lynn, Injuries, Kershaw, Julio Urias, Los Angeles hasn't, Mookie Betts, Freddie Freeman, Dave Roberts, Roberts, We've Organizations: Arizona Diamondbacks, Diamondbacks, National League Division, Los Angeles Dodgers, National, Dodgers, San Diego Padres, Thomson Locations: Arizona, Los Angeles
For Lol Tolhurst, co-founder the influential “goth” band The Cure, it's all of the above. He explores what he calls “the last true alternative outsider subculture” in a new book titled, “Goth: A History,” published late last month by Hachette. From there, the book dives into gothic literature and the French existentialists, whom Tolhurst considers formative to the subculture. LA was also home to the psych rock band the Doors, who were the first group described as “gothic rock" — by critic John Stickney in 1967. Elsewhere, he draws connections between goth and Catholicism, a relationship Tolhurst believes goes beyond a shared iconography and morbidity.
Persons: Tim Burton, Billie Eilish, Edgar Allan Poe's, Mary, Emily Brontë, Lol Tolhurst, , , Tolhurst, It's, Joan Didion —, Nico, David Bowie, Molchat, Iggy Pop, Peter Murphy, tickling, John Stickney, everything's Organizations: ANGELES, Hachette, Joy Division, Bauhaus Locations: Southern California, London, Belarusian, New York City, England, Los Angeles, LA
If you're considering short-term rentals, Gerbig recommends doing some market research. He also advised making sure the area has rental-friendly laws that don't restrict short-term rentals. But for the short-term rentals, he pays 20-30% of his gross revenue. Plus, the short-term rentals were requiring more time and work than he wanted to give. Investors have 45 days to identify the next purchase property and six months to close to qualify for the deferral, Gerbig said.
Persons: Chris Gerbig, Gerbig, it's, Gerbig's Locations: Nashville , Tennessee, Nashville
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA partial U.S. government shutdown is 'very unlikely,' wealth management firm saysYogi Dewan of Hassium Asset Management says "we get this narrative every single year, it's almost like a soap opera … and then everything's just fine," and adds that the market is "more focused on other things."
Persons: Yogi Dewan, it's Organizations: Hassium, Management
Mark Cuban says the "most important" advice he gives his children is simple: It's OK not to know exactly what you want to do with your lives. "Everybody goes through that process of trying to figure out who they are," Cuban, 65, said, adding that he told his daughter: "You don't have to know what you're going to be. And you're changing, and you're evolving." "What you've got to be able to do is be agile and excited about learning — to be curious," Cuban said. If you're curious, and you're agile, you'll get there eventually.
Persons: Mark Cuban, Alexis, she's, Cuban, everything's, you'll, I'd, Tiffany Organizations: Dallas Mavericks, Vanderbilt University, CNBC Locations: Cuban
House Republicans are in the middle of a civil war," Jeffries told ABC's "This Week" program, adding that the result has been "chaos, dysfunction and extremism" in Congress. The House last week postponed a vote on beginning debate on the defense appropriations bill due to opposition from the hardliners. McCarthy also said he wants to make sure there is no shutdown on Oct. 1, saying: "A shutdown would only give strength to the Democrats." 4 House Republican, told the "Fox News Sunday" program that she was optimistic about moving forward on appropriations after closed-door discussions. Democratic former House Speaker Nancy Pelosi said that a shutdown would risk harming the most vulnerable members of society who depend on government assistance.
Persons: Kevin Wurm, Kevin McCarthy, Hakeem Jeffries, Joe Biden, Jeffries, ABC's, McCarthy, Biden, who's, Elise Stefanik, Nancy Mace, McCarthy's, Mace, Nancy Pelosi, Pelosi, David Morgan, Hannah Lang, Scott Malone, Will Dunham Organizations: U.S, Capitol, REUTERS, Rights, Republican, House Democrat, Republicans, Democratic, Senate, Democrat, Fox News, Department of Defense, Fox, MSNBC, Thomson Locations: Washington , U.S, United States
House Republicans are in the middle of a civil war," Jeffries told ABC's "This Week" program, adding that the result has been "chaos, dysfunction and extremism" in Congress. The House last week postponed a vote on beginning debate on the defense appropriations bill due to opposition from the hardliners. McCarthy also said he wants to make sure there is no shutdown on Oct. 1, saying: "A shutdown would only give strength to the Democrats." 4 House Republican, told the "Fox News Sunday" program that she was optimistic about moving forward on appropriations after closed-door discussions. Democratic former House Speaker Nancy Pelosi said that a shutdown would risk harming the most vulnerable members of society who depend on government assistance.
Persons: David Morgan WASHINGTON, Kevin McCarthy, Hakeem Jeffries, Joe Biden, Jeffries, ABC's, McCarthy, Biden, who's, Elise Stefanik, Nancy Mace, McCarthy's, Mace, Nancy Pelosi, Pelosi, David Morgan, Hannah Lang, Scott Malone, Will Dunham Organizations: Republican, House Democrat, Republicans, Democratic, Senate, Democrat, Fox News, Department of Defense, Fox, MSNBC Locations: United States
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