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☆ Beijing is no longer hiding its panic about the state of its economy
▼ + stars: | 2024-09-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

The measures were significant because Beijing has been holding back on a "bazooka" stimulus even though China's economy has been struggling to stage a convincing recovery post-pandemic. To be sure, this is not the first attempt China has made at boosting its economy in the past few years. However, Beijing's display of resolve also triggered market speculation that it's alarmed and panicked over the state of its economy, which is facing multiple challenges. Related storiesNotably, even on the heels of China's big stimulus announcement, most analysts also think Beijing still needs to do more to boost China's economy, particularly in boosting gloomy domestic demand. "Onshore stocks are a policy- and momentum-driven market, and policy signals don't get much clearer than this," they wrote.

Persons: —, Pan Gongsheng, Andrew Rocco, Rocco didn't, Pan, Freya Beamish, Rory Green, Anthony Sassine, Sassine, Rocco, macroeconomy, China's CSI300 Organizations: Service, People's Bank of China, Business, Lombard, Investors, Zacks Investment Research, Global Data.TS, Yahoo Finance, Data.TS Locations: China, Beijing, Swiss, London

☆ Ina Garten says redefining the traditional roles of 'man and wife' saved her marriage
▼ + stars: | 2024-09-25 | by ( Erin Liam | ) www.businessinsider.com time to read: +1 min

In an interview with The Wall Street Journal, Ina Garten opened up about her struggles with being defined as a wife. The celebrity cook said she and Jeffrey Garten took a break and decided to be partners instead. Go to newsletter preferences Thanks for signing up! Style posted on Tuesday, Garten, 76, said that she and Jeffrey were husband and wife in her 20s. So we took a little break and restructured it, coming out of it as partners, not in defined roles," she said.

Persons: Ina Garten, Jeffrey Garten, —, she's, Jeffrey Organizations: Wall Street, Service, White House, Food Network, Barefoot, Business Locations: Garten

☆ How an 'AI sabbatical' helped accounting startup Klarity turbocharge its business
▼ + stars: | 2024-09-25 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

"We just gutted our product and rebuilt it using generative AI." 'The rules of physics have changed'Even before its sabbatical, Klarity was well-versed in natural language processing and computer vision. Nadhamuni gave a talk on generative AI, its history, and the latest breakthroughs in the technology. If the new tech could do those five things, they would rebuild the core of Klarity's platform using generative AI. Nadhamuni also wrote a playbook on how to run a generative AI sabbatical that's available on Tola Capital's blog.

Persons: —, Nat Friedman, Daniel Gross, Nischal Nadhamuni, Nadhamuni, Klarity, Friedman, Gross, Aaron Fleishman, Fleishman, OpenAI, Miro, Tola Organizations: Service, Business, MIT, Venture Partners, Tola, Picus, Invus, Engineers

☆ I depend on a 'paid village' to look after my kids. I can't ask the grandparents for help because they work full-time.
▼ + stars: | 2024-09-25 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +1 min

Her parents work full-time and can't help out with childcare. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I know some parents have villages made up of family members, namely grandparents, who can help with full-time childcare. We've never expected or asked them to make a regular habit of being caretakers for our kids while we work.

Persons: Jennifer Biggs, —, We've, It's Organizations: Service, Business Locations: North Carolina

☆ Hezbollah launched its deepest strike on Israel yet — targeting Tel Aviv
▼ + stars: | 2024-09-25 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

Israel intercepted a missile strike from Hezbollah and struck a launcher in Lebanon. Hezbollah targeted Tel Aviv and said the strike was in support of Palestinians in Gaza. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHezbollah fired a missile at Tel Aviv on Wednesday morning in what is believed to be its deepest strike yet into Israel.

Persons: Israel, — Organizations: Tel, Service, Street Journal, Business Locations: Lebanon, Tel Aviv, Gaza, Israel

But it’s something politicians have struggled with achieving on their own — particularly amid an election cycle in which many young voters find themselves jaded with politics as a whole. Overall, young voters are not very optimistic right now, according to NBC News’ Stay Tuned Gen Z poll of over 2,600 voters under 30 in September. Still, Piker’s success as a streamer has been admired by fellow political creators, especially those who are chasing similar progressive audiences. Hasan Piker answering questions and debriefing on daily politics for his Twitch stream on Aug. 14. In recent years, Piker said he’s noticed the online political landscape change.

Persons: Hasan, Piker, Ilhan, —, you’re, ” Piker, ”, Cenk Uygar, Twitch, Austin MacNamara, “ He’s, he’s, ” Sean Wiggs, Hasan Piker, Brock Stoneham, I’ve, Wiggs, “ Hasan, Joe Biden, “, Andrew Tate, influencers, Donald Trump, YouTuber Logan Paul, Tana Mongeau, Kamala Harris, Harris, Tim Walz, he’s “, ” He’s, Alexandria Ocasio, Ro Khanna, I’m, Chappell Roan Organizations: YouTube, NBC, Pew, Turks, Republican, Democratic, Trump, Democratic Party, Democratic National Convention, DNC, Republican National Convention, Minnesota Gov Locations: Los Angeles, Gaza, Arizona, Chicago, Milwaukee, ”, Alexandria, Cortez

Political organizations supporting Vice President Kamala Harris and former President Donald Trump are touting both campaigns' messages of “freedom” as they woo Latinas, a key voting bloc. Against Hillary Clinton in 2016, Trump won just 28% of Hispanic women voters compared to Clinton’s 67%, according to Pew. Also, at least 13 states saw increases in Latina voter registrations when Biden left the race and endorsed Harris, according to TargetSmart CEO Tom Bonier. Republican Mercedes Schlapp, one of the “Latinas for Freedom” organizers, said the issue of abortion is one for states to decide. The group is defining freedom for Latinas as freedom from economic policies they say are "socialist."

Persons: Kamala Harris, Donald Trump, Latinas, Harris, they’ve, Hillary Clinton, Trump, Joe Biden’s, Pew, Stephanie Valencia, Equis, Biden, Tom Bonier, Mercedes Schlapp, Walz, It’s, ”, Ingrid Pino Duran, —, Nydia Velázquez, Kamala, Zoom, Wade, Duran, “, ” Harris, Schlapp Organizations: Pew Research Center, Congressional Hispanic Caucus Institute, Trump, GOP, Conservative, Pew, Equis Research, Democratic, News, Latinas, Freedom, NBC, Associated Press, PODER PAC, Rep, Republicans, Latino Entrepreneurship, Stanford, Conservative Political, Conference, Trump White House Locations: Latina, Texas, Florida, it’s

☆ Trump's 10% credit card interest cap could hurt borrowers, experts say: 'Access to credit would dry up'
▼ + stars: | 2024-09-24 | by ( Annie Nova | Annie Nova Is A Reporter On The Personal Finance Team | Covering Education. Prior To Cnbc | ) www.nbcnews.com time to read: +7 min

A national interest rate cap requires CongressUnder current federal law, nationwide limits on credit card interest rates are scarce, consumer advocates say. Likewise, federal credit unions are typically restricted to an 18% interest rate on their credit cards. “A president cannot set a cap on credit card interest rates,” said Rust. A 10% interest rate cap could backfireFinancial experts on both sides of the debate expressed concerns that a 10% interest rate cap could backfire on consumers in various ways. “Otherwise, it is a game of whack-a-mole.”In 2022, credit card issuers charged $14 billion in late fees, he noted.

Persons: Donald Trump, Trump, ”, Kamala Harris, It’s, Trump’s, Ted Rossman, ” Rossman, Karoline Leavitt, ” Harris hasn’t, Biden, Adam Rust, Rust, “, ” Rust, Lauren Saunders, Nicholas Anthony, they’re, ” Anthony, Rossman, Saunders, “ Banks Organizations: Social Security, Republican, Democratic, Federal, Bankrate, CNBC, Consumer Financial, Consumer Federation of America, Bank Act, Consumer Financial Protection Bureau, Consumer Financial Protection, National Consumer Law, Cato Institute’s Center, Monetary, Bureau, U.S . Chamber of Commerce Locations: New York, South Dakota, Delaware, Utah, U.S, Bankrate

Sean “Diddy” Combs has been moved to a section of the New York City jail where convicted cryptocurrency fraudster Sam Bankman-Fried is being held, sources confirm to NBC News. The area of the detention center is reserved for detainees who require special protection, three sources familiar with the matter said on Tuesday. Combs, 54, was arrested last week and is being held at the Metropolitan Detention Center in Brooklyn, a federal jail that has a notorious reputation for violence and poor care. Bankman-Fried, known as SBF, was convicted in November and was sentenced in March to 25 years in federal prison. Combs has not been convicted and has pleaded not guilty, but a federal judge on Sept. 17 ordered that he be held in jail pending trial.

Persons: Sean “ Diddy ” Combs, cryptocurrency fraudster Sam Bankman, Combs, Prosecutors Organizations: New, NBC News, Metropolitan Detention, MDC, Federal Bureau of Prisons, Alameda Research Locations: New York City, Brooklyn, Manhattan, Alameda

☆ Israel steps up deadly Lebanon attacks and ExxonMobil sued over plastics recycling: Morning Rundown
▼ + stars: | 2024-09-24 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +8 min

Israel’s military warned residents in southern and eastern Lebanon to evacuate certain areas, spurring tens of thousands of people to flee their homes. The lawsuit alleges ExxonMobil misled consumers for decades, encouraging Americans to pursue a “throw-away lifestyle” and downplaying concerns about plastics’ ecological risks. Effort to change Nebraska’s electoral vote system blockedA Republican state senator’s opposition to a law changing how Nebraska allocates its electoral votes drew anger from former President Donald Trump. State Sen. Mike McDonnell wrote in a letter that he is opposed to changing Nebraska’s system — which awards electoral votes by congressional district — to a winner-take-all approach so close to Election Day. Under a winner-take-all model, Trump would be all but certain to win all of Nebraska’s electoral votes.

Persons: Fadel Itani, Israel, ”, Rob Bonta, “, Read, Donald Trump, Donald Trump . State Sen, Mike McDonnell, McDonnell, Trump, Lars Fruergaard Jørgensen, Ryan Wesley Routh, Marcellus Williams, Felicia “ Lisha ” Gayle, Bill Anders, — Elizabeth Robinson, Elizabeth Robinson Organizations: ExxonMobil, Getty, International Organization for Migration, U.S . State Department, NBC News, Republican, Donald Trump . State, drugmaker Novo Nordisk, Service, Justice Department, Trump, National Hurricane Center, King, Gettysburg College, NASA, NBC, Walmart Locations: Lebanon . California, Lebanon, Israel, Beirut, AFP, California, Nebraska, Omaha, Florida, Trump’s, Lago, Butler , Pennsylvania, Missouri, Caribbean, Colorado, Boulder, Boulder ., Pennsylvania, Spain

☆ Biden proposes banning Chinese technology from ‘connected cars’ on U.S. roads
▼ + stars: | 2024-09-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

WASHINGTON — The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns, a move that would effectively bar Chinese cars and trucks from the U.S. market. The planned regulation, first reported by Reuters, would also force American and other major automakers in years ahead to remove key Chinese software and hardware from vehicles in the United States. President Joe Biden’s administration has raised concerns about data collection by connected Chinese vehicles on U.S. drivers and infrastructure and potential foreign manipulation of vehicles connected to the internet and navigation systems. The proposed prohibitions would prevent testing of self-driving cars on U.S. roads by Chinese automakers and extend to vehicle software and hardware produced by Russia and could be extended to other U.S. adversaries. The group said there is “very little” connected vehicle hardware or software “that enters the U.S. from China.

Persons: WASHINGTON, Joe Biden’s, Jan, Gina Raimondo, We’re, ”, Liz Cannon, Jake Sullivan, ” Sullivan, Lin Jian, Washington “ Organizations: The U.S . Commerce Department, Reuters, White House, The Commerce Department, U.S . Commerce, Commerce Department, Motors, Ford Motor, U.S, The, White, National, Foreign Ministry, Alliance, Automotive Innovation, GM, Toyota, Volkswagen, Hyundai Locations: The U.S, U.S, United States, Russia, China

☆ I paid $8 to take a ferry to a small coastal town near San Francisco. The cute shops and Mediterranean vibes make it the perfect day trip.
▼ + stars: | 2024-09-24 | by ( Sharon Mcdonnell | ) www.businessinsider.com time to read: +1 min

I paid $8 to take a ferry to Sausalito, California, a cute town with a Mediterranean vibe. The ferry offered great views of the Golden Gate Bridge and the San Francisco skyline. I loved taking the Golden Gate Ferry and plan to continue traveling to the town. Go to newsletter preferences Thanks for signing up! Lately, when I've needed a change of pace, I take a half-hour ferry ride to Sausalito, a town about 9 miles from San Francisco.

Persons: —, I've Organizations: San, Service, Travel, Business Locations: Sausalito , California, San Francisco, Bay, Sausalito

☆ The biggest single-family home landlord in the US is poised to pay $48 million in settlement with FTC
▼ + stars: | 2024-09-24 | by ( Eliza Relman | ) www.businessinsider.com time to read: +1 min

Invitation Homes is poised to pay over $48 million in a settlement with the FTC. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe country's largest single-family home rental company is poised to pay more than $48 million as part of a proposed settlement with the Federal Trade Commission over allegations that it deceived and overcharged consumers.

Persons: — Organizations: FTC, Service, Federal Trade Commission, Invitation, Business Locations: California

☆ We booked 2 weeks at an all-inclusive resort but hated it. After 3 nights, we left to create a better vacation.
▼ + stars: | 2024-09-24 | by ( Melissa Noble | ) www.businessinsider.com time to read: +1 min

My partner, sister, and I booked two weeks at an all-inclusive resort in Cuba. The resort was nice, but we started to feel bored and trapped — we left three days into our stay. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA few years ago, my partner and I decided to go to an all-inclusive resort for the first time.

Persons: — Organizations: Service, Business Locations: Cuba, Varadero, Australia

☆ Manchin says he won't endorse Harris over her support for ending the filibuster to codify abortion rights: 'Shame on her'
▼ + stars: | 2024-09-24 | by ( John L. Dorman | ) www.businessinsider.com time to read: +1 min

Sen. Manchin says he won't endorse Kamala Harris over her recent remarks regarding the filibuster. Harris told Wisconsin Public Radio that she supported scrapping the rule to restore Roe v. Wade. Manchin later told CNN that such a move would turn the Senate into "the House on steroids." Go to newsletter preferences Thanks for signing up! AdvertisementSen. Joe Manchin of West Virginia said he wouldn't back Vice President Kamala Harris' presidential bid after she expressed support for eliminating the filibuster to codify abortion rights.

Persons: Sen, Manchin, Kamala Harris, Harris, Roe, Wade, —, Joe Manchin, West Virginia Organizations: Wisconsin Public Radio, CNN, Service, Democratic Party, Business Locations: West

☆ Mitch McConnell goes after Trump's trade policy: 'I'm not a tariff fan'
▼ + stars: | 2024-09-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

Senate GOP Leader Mitch McConnell issued rare criticism of Trump's approach to trade. Trump has proposed a 10% tariff on all imports, which Kamala Harris calls the "Trump Sales Tax." Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSenate Minority Leader Mitch McConnell issued rare criticism on Tuesday of a key economic policy that former President Donald Trump has pledged to pursue if he's elected this November: tariffs.

Persons: Mitch McConnell, Trump, Kamala Harris, McConnell, —, Donald Trump, he's, John Deere Organizations: Service, GOP, Capitol, Business Locations: Mexico

☆ A top Pepsi exec says he organizes every hour of his day in a color-coded pie chart and audits it to ensure he's efficient
▼ + stars: | 2024-09-24 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

Pepsi's North America CEO Ram Krishnan says he's "super intentional" about how he spends his time. He told Fortune that he uses a pie chart to split his waking hours between five priorities. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPepsiCo Beverages' North America CEO Ram Krishnan has a hack to fully maximize the 24 hours he has in a day.

Persons: Ram Krishnan, Fortune, —, Fortune's, Krishnan Organizations: North, Service, PepsiCo Beverages, Business

☆ The US is sending more troops to the Middle East to help US citizens flee as Israel-Hezbollah clashes intensify
▼ + stars: | 2024-09-24 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

The US has plans to send more soldiers to the Middle East, NBC News reported. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US is planning to send more troops to the Middle East in the coming days in case American citizens need to evacuate the region, NBC News reported, citing three defense officials. A few dozen additional soldiers will be added to the roughly 40,000 US troops already present in the region, according to the publication.

Persons: —, Israel ramped Organizations: US, NBC News, Service, Business Locations: East, Israel, Lebanon

☆ 15 little-known secrets about Rachel Green even die-hard 'Friends' fans may not remember
▼ + stars: | 2024-09-24 | by ( Amory Rose | ) www.businessinsider.com time to read: +1 min

Rachel Green from "Friends" is one of the most iconic characters of the 1990s and early 2000s. Rachel was the only person who kissed everyone in the main "Friends" group. Go to newsletter preferences Thanks for signing up! AdvertisementRachel Green from "Friends" is one of the most iconic characters of the 1990s and early 2000s. Even "Friends" fans who have seen every episode of the series might not know some of these interesting facts about Rachel.

Persons: Rachel Green, Rachel, Jennifer Aniston, —, Jennifer Aniston's, It's, it's Organizations: Service, NBC

A San Francisco venture firm developed a proprietary model it calls "moneyball for venture capital." The firm is revealing 19 exceptional female investors with a keen eye for identifying future unicorns. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It developed a proprietary model it calls "Moneyball for venture capital" that uses AI to predict which early-stage startups are most likely to become unicorns, which are companies valued at more than a billion dollars.

Persons: —, Fred Campbell, Joseph Aaron, Scott Pyne, Steve Marek, Dick Fredericks Organizations: US, Service, Business Locations: San Francisco

☆ Telegram just announced a big change to how it'll deal with some users' data
▼ + stars: | 2024-09-24 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Telegram said it will share with officials the data of users who violate its policies to commit crimes. The announcement comes one month after CEO Pavel Durov was arrested in France. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTelegram is making some changes to its privacy stance, weeks after CEO Pavel Durov was arrested in France and after years of facing moderation and privacy issues.

Persons: Pavel Durov, —, Durov, We've Organizations: Service, Business Locations: France

☆ Sam Altman says his private home office includes a prehistoric piece of technology
▼ + stars: | 2024-09-24 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

OpenAI CEO Sam Altman's home office holds collections of objects "from the history of technology"Altman's personal objects include a hand ax, one of the earliest tools in human history. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhile OpenAI might be focused on the future of technology with artificial intelligence, CEO Sam Altman's home is a love letter to the past. In an episode of the "Life in Seven Songs" podcast, Altman said that he stores collections of personal objects "from the history of technology" in his private home office.

Persons: Sam Altman's, Altman, — Organizations: Service, Business Locations: San Francisco

☆ The Fed isn't going to be able to cut interest rates as much as it wants to, former Treasury Secretary Larry Summers says
▼ + stars: | 2024-09-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The Fed probably can't take rates as low as it would like to, according to Larry Summers. Summers pointed to the Fed's target of 2.9% for the so-called neutral rate. Go to newsletter preferences Thanks for signing up! AdvertisementThe Fed doesn't have the wiggle room to cut interest rates as low as it hopes to, according to ex-Treasury Secretary Larry Summers. In an interview with Bloomberg, Summers said central bankers have likely underestimated the so-called neutral rate, which is the level that neither expands nor contracts the economy.

Persons: Larry Summers, Summers, — Organizations: Service, Bloomberg, Business

☆ Biden wants to ban Chinese tech in cars over national security fears
▼ + stars: | 2024-09-24 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

The Department of Commerce unveiled new plans to ban Chinese tech from internet-connected cars on Monday. The rules will impact Chinese self-driving car companies, which have been testing their vehicles in California. Go to newsletter preferences Thanks for signing up! AdvertisementPresident Joe Biden has already issued a 100% tariff on EVs made in China — now his administration wants to remove Chinese tech from US cars entirely. On Monday, the US government proposed new rules to ban Chinese and Russian-developed software and hardware from internet-connected cars in the US, saying that such vehicles threatened national security.

Persons: —, Joe Biden, China — Organizations: of Commerce, Service, Business Locations: China, California

☆ I went inside the secret room where pilots sleep on long-haul flights. It was the best seat on the plane.
▼ + stars: | 2024-09-24 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

Pilots take shifts on long-haul flights. I toured the secret room stationed above business class on an Air New Zealand Boeing 777-300ER. Go to newsletter preferences Thanks for signing up! That's why pilots take shifts on long-haul flights. When pilots aren't in the cockpit, they're resting in secret rooms on board the aircraft.

Persons: they're, — Organizations: Air New Zealand Boeing, Service, Zealand Locations: Auckland , New Zealand, Los Angeles

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