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☆ ValueAct takes a stake in Sanwa. How the activist can make a good company into a great one
▼ + stars: | 2024-09-28 | by ( Kenneth Squire | ) www.cnbc.com time to read: +9 min

Business: Sanwa Holdings is a Japan-based company mainly engaged in the manufacture and sale of building and commercial facility construction materials, as well as the provision of maintenance and renovation services. Activist Commentary: ValueAct has been a premier corporate governance investor for over 20 years. Ahead of any shareholder value creation, ValueAct will likely call for increased shareholder returns in the form of buybacks to capitalize on the Sanwa's relatively low valuation. ValueAct is likely to continue as an active shareholder while Sanwa continues to do what it's been doing, just on a faster timetable. As an engaged investor, ValueAct has historically closed the gap between "good" and "great" by supporting management in executing its plan.

Persons: ValueAct, Rob Hale, Hale, Sanwa, Clopay, healthily, It's, Dalton, Ken Squire Organizations: Sanwa, Olympus, JSR, ValueAct, Griffon Corp, KKR, Nikkei, U.S, Dalton Investments, 13D Locations: Japan, North America, Europe, U.S, Asia

☆ I own a luxury cleaning service. Here are the 5 things people do wrong when cleaning.
▼ + stars: | 2024-09-28 | by ( Holly Oldham | ) www.businessinsider.com time to read: +4 min

AdvertisementAs a luxury cleaning service owner, here are five things people get wrong when cleaning. If you're washing sheets, blankets, or even towels, I highly recommend using the setting for each. However, the items inside may get a shorter wash cycle than is needed. Some clothes need a longer wash cycle — for example, your family's sports choices. Bathroom rugs need to be refreshed in the dryer or shaken outside, at minimum, weekly.

Persons: —, I'm, who's, I've Organizations: Service

☆ Helene: Dozens dead as hurricane unleashes life-threatening flooding and knocks out power to millions across Southeast
▼ + stars: | 2024-09-28 | by ( Dalia Faheid | ) edition.cnn.com time to read: +6 min

Here’s the latest:• Deaths across 5 states: Storm-related deaths have been reported in South Carolina, Georgia, Florida, North Carolina and Virginia. North Carolina has activated 358 guardsmen, while Georgia has more than 300 and Alabama has 43, said Sabrina Singh, Pentagon deputy press secretary. • Severe flooding in North Carolina: Helene “is one of the worst storms in modern history for parts of North Carolina,” Gov. Delivery services were also impacted, with UPS announcing it has suspended service to Florida, North Carolina and Georgia because of the storm. In North Carolina, 290 roads were closed throughout the state, and Gov.

Persons: CNN — Helene, Brian Kemp, Glenn Youngkin, •, Sabrina Singh, Biden, Helene, Kamala Harris, Helene “, Roy Cooper, • Helene, Helene –, Keith Turi, “, ” Turi, ” Organizations: CNN, Gov, Tampa ., National Guardsmen, Defense Department, Pentagon, ”, National Weather Service, Amtrak, UPS, FedEx, Health, National Hurricane Center, Federal Emergency Management Agency Locations: Florida’s Big Bend, South Carolina , Georgia, Florida, North Carolina, Virginia, South Carolina, Saluda County, Anderson County, Georgia, Alamo, Pinellas County, Tampa, Claremont, Charlotte, Craig County , Virginia, Carolina, Alabama, Asheville, Southern, Western North Carolina, Tennessee, Ohio, North Carolina , Florida, Florida , North Carolina, Unicoi, Erwin , Tennessee, Bend

Susan Grant, 63, whose home in Steinhatchee was damaged by Hurricane Helene. Daniella Silva / NBC NewsWhile thankful she still had a home to return to, her longtime workplace and local landmark, Crabbie Dad's Bar & Grill, was flattened to the ground. It’s sad that we’ve had to endure this much in one year.”A scene of devastation in Steinhatchee, Fla., on Friday. Daniella Silva / NBC NewsThe street in front of Gary Keen’s house was unrecognizable Friday after the surge retreated, leaving behind layers of branches, seaweed and other plant debris. A scene of devastation at Roy’s restaurant in Steinhatchee, Fla., on Friday.

Persons: Hurricane Helene, we’ve, ”, Susan Grant, Daniella Silva, ” Grant, Helene, Grant, Idalia, they’ve, it’s, Gary Keen’s, Keen, “ I’m, Paul Nawlin, Ron Bloom, First Baptist Church Steinhatchee, Hurricane Idalia, “, they’re, Alicia Victoria Lozano Organizations: — Residents, NBC, National Hurricane Center, First Baptist Church Locations: Fla, Hurricane, Steinhatchee, Florida, Roy’s, Los Angeles

In Catawba County, North Carolina, a 4-year-old who lit up every room she walked into was killed in a head-on car crash on a rainy road. And in Charlotte, North Carolina, a tree fell on a home, killing a resident. Leon Davis via FacebookOn Thursday morning, Davis’ brother, James Carlas Davis, who lives in Mississippi, texted Davis, their two sisters and other family members in a group text chat and asked whether they were ready for Helene. In North Carolina, officials said a resident of Charlotte was pronounced dead early Friday after wind and rain caused a tree to topple onto their home. Gaddis, who lives in Iredell County, North Carolina, added that her faith has helped her through the tragedy of losing Luna.

Persons: Hurricane Helene, Vernon Leon Davis, Christopher Wright, Davis, Wright, Blackshear, ” Wright, “, ” Leon Davis, Leon Davis, James Carlas Davis, texted Davis, Helene, emoji, James Davis, Shirley, ” Davis, Rellina Davis Lester, ”, Luna Jade Gaddis, Luna, Lyndsey Nicole Gaddis, Tiffany Miner Sipe, Elizabeth Gaddis, Gaddis, Him, Vernon Leon Davis ’, Lester, ” Lester Organizations: Blackshear Police, Facebook, North Carolina, Patrol, NBC News, ” Locations: Blackshear , Georgia, Hurricane, Catawba County , North Carolina, Charlotte , North Carolina, Florida , Georgia, Virginia, Carolinas, In Georgia, Mississippi, North Carolina, Charlotte, Catawba, Claremont, Iredell County , North Carolina, Georgia, Ware, Culloden , Georgia, Germany, Fort Knox , Kentucky, Fort Hood , Texas

JERUSALEM — Almost 12 months of unbridled war, death, destruction and suffering in Gaza have proved the deadliest conflict on record for journalists. One year in, NBC News has spoken to 21 media professionals and organizations in the region who described killings, attacks and arrests by Israeli forces. The majority, 111, were Palestinians killed in Gaza, three were Lebanese and two were Israeli journalists killed by Hamas militants on Oct. 7. The majority were killed in Gaza, including Al Jazeera’s Ismail Al-Ghoul and his freelance cameraman Rami Al Refee, both 27. “The thing is no one is safe in Gaza,” she said last month when asked if she thought Israel was deliberately targeting journalists in Gaza.

Persons: JERUSALEM, “, ”, Christina Assi, Dylan Collins, shellfire, Alma Al, Issam Abdallah, Alessandra Galloni, Emilie Madi, Assi, Collins “, ” Assi, Collins, that’s, It’s, Al Jazeera’s Ismail Al, Ghoul, Rami Al Refee, Al, Al Jazeera, ” Al, Jodie Ginsberg, ” Walid, Al Jazeera’s, Israel, ” Wael Al, Hamza, Mustafa Thuraya, Israel’s, ” Al Jazeera, Shlomo Karhi, Noor Harazeen, you’re, Yarden, we’re, David Mencer, Benjamin Netanyahu’s, Harazeen, “ They’re Organizations: NBC, Committee, Protect Journalists, Reuters, ” Reuters, AFP, Getty, Agence France Presse, Amnesty International, Human Rights Watch, Rights Watch, Amnesty, Israel Defense Forces, NBC News, Al, IDF, News, West Bank, China Global Television Network, ” Health, Haaretz, Sky News Locations: Gaza, New York, Israel, Alma, Lebanon, Saaideh, Israeli, Hamas, Al Jazeera, Ramallah, Jordan, East Jerusalem, Egypt, ”, British

Chappell Roan — who faced a dayslong backlash online for her recent comments about the November presidential election — announced Friday that she is dropping out of the All Things Go music festivals. In a statement on her Instagram story, Roan apologized to fans, saying that "things have gotten overwhelming over the past few weeks." All Things Go issued its support for Roan, saying in a statement on X that "health and well-being always comes first." "All Things Go strongly supports artists prioritizing their well-being and we ask our community to rally behind Chappell Roan with love and understanding," the festival wrote in its statement, sharing a screenshot of Roan's Instagram story. "Let's continue to show the world that music fans support not only the art, but the artists themselves."

Persons: Chappell Roan —, —, Roan, Chappell Roan, Let's, Kamala Harris, ” Roan Organizations: Guardian, Governors Ball Music, White, Democratic Party Locations: New York City, Columbia , Maryland, Gaza, Franklin , Tennessee

Chin-Hong said the variant is a so-called recombinant of two other strains — KS.1.1 and KP.3.3 — meaning that genetic information was exchanged between them to form a third strain, XEC, Chin-Hong said. Is the XEC variant more contagious? Chan School of Public Health, said there’s no evidence yet that the XEC variant is much more transmissible than what’s currently circulating. The variant is closely related to KP.2, the strain targeted by the updated vaccines from Pfizer and Moderna. Bright, however, cautioned that clinical data is ultimately needed to determine how well the updated vaccines work against the XEC variant.

Persons: “, ”, Peter Chin, ” XEC, we’re, Rick Bright, Hong, Bill Hanage, ” Hanage, It’s, XEC, Hanage, “ It’s, Marc Johnson, Johnson, There’s, ” Chin, ” Johnson, ” Bright Organizations: Centers for Disease Control, Prevention, University of California, Biomedical, Research, Development Authority, Department of Health, Human Services, CDC, Harvard, of Public Health, University of Missouri School of Medicine, Pfizer, Moderna Locations: United States, San Francisco, Europe, Chin, U.S, Chan, Germany, Netherlands, France

Otis Keys II, 41, The Colony, Texas UPS driver grappling with smaller average paychecks despite a new union contract. When Otis Keys II hit top-level pay for his role at UPS in 2019, he expected to start checking items off his financial bucket list. That’s not what happened, even after the Teamsters union he belongs to negotiated a historic new contract last summer. “There’s a lot of guys that actually had to take a hard layoff and sit home.”Primary source of income: Keys drives full time for UPS. A UPS spokesperson said feeder drivers “are the best compensated in the industry” and “their total pay and benefits package is valued at nearly double our competitors’.”Otis Keys II is a feeder truck driver at UPS.

Persons: Otis Keys, Kamala Harris, —, “, ”, Keys, he’s, Kara Deniz, ” Otis Keys, ” Keys, “ I’m, that’s, ’, “ sneakerholic, “ I’ve, Tesla, Elon Musk, Trump, Trump “, Harris Organizations: NBC, UPS, Teamsters, Fort, Texas, The, Utilities, Dallas, Democratic, Trump, Republican Locations: Colony, Texas, The, Dallas, Fort Worth, U.S, Arlington, New York, America, Tx, “

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

Harris is scheduled to make her first trip to the southern U.S. border in more than three years. “We do have a broken immigration system,” Harris said Wednesday in an interview with MSNBC. In discussing immigration, Harris has increasingly attacked Trump over his efforts to kill a bipartisan border funding deal this year. “She keeps talking about how she supposedly wants to fix the border,” Trump said Thursday at a news conference at Trump Tower. He’s skeptical of Harris’ tougher talk on immigration.

Persons: DOUGLAS, Kamala Harris, Harris, Joe Biden, ” Harris, It’s, Biden, Trump, “, Mike Johnson, didn’t, ”, ” Trump, John Ladd’s, John Ladd, Gabe Gutierrez, “ Trump, ” Miles, “ That’s, ” Danya Acosta Organizations: MSNBC, Border Patrol, NBC News, Republicans, Trump, NBC, Council, Republican Locations: Ariz, U.S, El Salvador, Guatemala, Honduras, Arizona, Cochise County, Douglas

Republicans stand a good chance of erasing the Democrats’ narrow 51-49 Senate majority in November, a hard reality that complicates Harris' transition planning. Members of Harris’ transition team have studied that one — the handoff from Ronald Reagan to George H.W. Harris' team is operating under an unusually compressed timeline and is still building the basic apparatus needed to vet potential hires and staff an administration. Last month, Harris' campaign appointed Yohannes Abraham to run the team that is preparing for a transfer of power. He came to his new role with direct experience, having been executive director of Biden’s transition in 2020.

Persons: WASHINGTON, Kamala Harris, Harris, who’ve, Joe Biden, Biden, undercutting, —, Barack Obama, Robert Gates, George W, Bush's, Gates, ”, It’s, Ronald Reagan, George H.W, George H.W . Bush, They've, Hillary Clinton, Obama, Donald Trump, Yohannes Abraham, Abraham, Trump, “, she’s, Max Stier, There’s, Christine Wormuth, Kathleen Hicks, Michèle Flournoy, Rosa Brooks, ” Brooks, ” Harris, William Burns, Burns, who've, he's, Rohini Kosoglu, Harris ’, Julianne Smith, Phil Gordon, Sens, Chris Murphy, Chris Coons, Linda Thomas, Greenfield, Samantha Power, Walz, Pete Buttigieg, Buttigieg, it’s “, Gina Raimondo, Joe ”, ” Raimondo, Raimondo Organizations: Republican, Biden, Senate, NBC, Trump, Pentagon, Democratic, Senate Democrats, Republicans, University of Virginia's, Association of Southeast Asian Nations, ASEAN, Partnership for Public Service, Army, CIA, White House, NATO, United Nations, U.S . Agency for International Development, Transportation, Biden's Cabinet, Fox News Locations: Washington, George H.W ., U.S, Indonesia, Connecticut, Delaware, United, Biden's

☆ Dallas Cowboys get much-needed win, edging past the New York Giants
▼ + stars: | 2024-09-27 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —The Dallas Cowboys got a much-needed victory on Thursday Night Football as they edged past the New York Giants 20-15 at MetLife Stadium. The narrow win continues the Cowboys’ domination over their division rivals. Afterwards, Dallas’ franchise QB spoke of how important the victory was for ‘America’s Team.’“It was huge, absolutely,” Prescott told reporters. Aubrey converted two fourth-quarter field goals to help seal the victory against the New York Giants. In the end, Amani Oruwariye intercepted Giants quarterback Daniel Jones with just seconds remaining to seal the victory for Dallas as they improved to 2-2 on the season; New York, meanwhile, falls to 1-3.

Persons: Dak Prescott, Brandon Aubrey –, Dallas, Prescott, CeeDee Lamb, Rico Dowdle, ” Prescott, “, We’re, we’re, Greg Joseph, Aubrey, Adam Hunger, Malik Nabers, Amani Oruwariye, Daniel Jones, we’ve, ” Organizations: CNN, The Dallas Cowboys, New York Giants, MetLife, Cowboys, NFL, Dallas ’, New, Giants, ‘ America’s, Division, York, Dallas Locations: East Rutherford , New Jersey, New York, Dallas

☆ White Sox lose 121st game of season, most by any team in modern baseball history
▼ + stars: | 2024-09-27 | by ( Sam Blum | Cody Stavenhagen | ) www.nytimes.com time to read: +7 min

This was, perhaps, the closest thing the White Sox have had to a prideful moment all season. As The Athletic’s Jayson Stark noted, the White Sox have used 29 position players this season. After their most recent downturn — a 12-game skid — the White Sox besting the Mets for worst ever became a matter of when, not if. Getz insisted the White Sox are on the right trajectory and even said ownership will “potentially” invest more in the organizational infrastructure. Now members of this White Sox team will shoulder the burden of 121 losses and counting into an uncertain future.

Persons: Jerry Reinsdorf, Jerry, ”, Reinsdorf, “, Craig Anderson, it’s, we’re, Jayson Stark, Chris Getz, Getz, Justin Casterline, Grady Sizemore, Sizemore, Pedro Grifol, I’ve, ” Sizemore, “ I’ve, Garrett, Jared Shuster, Korey Lee, Zach DeLoach, Luis Robert Jr, ” Robert, that’s, Gavin Sheets, ” Sheets, ” Andrew Benintendi Organizations: DETROIT, Chicago White Sox, Los Angeles Angels, MLB, Sox, Tigers, White Sox, New York Mets, Mets, “, Angels, The Tigers, Chicago, Royals, Guardians, AL Central, American League Central Locations: Chicago

☆ Hilary Swank says she's glad she waited until her late 40s to have kids. It made her a more present mom.
▼ + stars: | 2024-09-27 | by ( Kim Schewitz | Julia Pugachevsky | ) www.businessinsider.com time to read: +3 min

In a recent interview, Swank, 50, said she's happy she's an older mom. She has more time for her kids and is more comfortable with herself than she was in her 20s and 30s. AdvertisementIn 2022, Hilary Swank announced she was pregnant with twins at age 48, sparking conversations around the risks of pregnancy after age 35. Now, a few years into being a mother, Swank, 50, said that she's glad she had kids in her 40s. "It makes me really empathize with all the parents out there who are working really long hours who don't get to see their children."

Persons: Hilary Swank, Swank, — Organizations: Service

☆ 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

☆ There's a lot of momentum in this economy, says JPMorgan’s David Kelly
▼ + stars: | 2024-09-27 | 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 EmailThere's a lot of momentum in this economy, says JPMorgan’s David KellyJPMorgan’s David Kelly, 3Fourteen’s Warren Pies and Neuberger’s Shannon Saccocia, join 'Closing Bell' to discuss consumer spending, market momentum and sentiment.

Persons: JPMorgan’s David Kelly JPMorgan’s David Kelly, 3Fourteen’s Warren, Neuberger’s Shannon Saccocia

☆ Here are our trades of the week and what's ahead for this overbought market
▼ + stars: | 2024-09-27 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Mixed market : The S & P 500 spent Friday's session mostly unchanged as it tried for a fourth record close this week. Still frothy : The S & P Short Range Oscillator pulled back from Tuesday's most overbought reading since August. Month to date, consumer discretionary, utilities, and materials were the best-performing S & P 500 sectors. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, he's, Vimal Kapur, Jim Cramer's, Jim, Spencer Platt Organizations: CNBC, GE Healthcare, Honeywell, Constellation Brands, Jim Cramer's Charitable, New York Stock Exchange, Getty Locations: Tuesday's, New York City

☆ 4 steps workers should take when their companies announce 5-day RTO, according to an employment lawyer
▼ + stars: | 2024-09-27 | by ( Jane Zhang | ) www.businessinsider.com time to read: +8 min

Companies requiring 5-day RTO will lose valuable employees, says Craig Levey, an employment lawyer. Levey lays out four steps employees can take if their company announces an RTO policy. Here are the steps I'd take if a client came to me about their company switching to a five-day RTO policy:1. Related storiesWell-written employment agreements will include a clause providing the employer with the flexibility the amend any and all terms. But if you have some leverage, you can negotiate into your employment agreement that you're going to be working remote or hybrid.

Persons: Craig Levey, Levey, —, doesn't, you've, they'll, haven't, Jane Zhang Organizations: Service, Bennett, Belfort, Starbucks, Disabilities, Opportunity Commission Locations: P.C, Cambridge , Massachusetts, Newport, Seattle

☆ Elon Musk's 'autocratic' style made SpaceX thrive — but his fixations could threaten its dominance, according to a new book
▼ + stars: | 2024-09-27 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +8 min

Elon Musk near a Falcon 9 rocket at SpaceX headquarters in Hawthorne, California in 2018. SpaceXSo much of the way SpaceX operates, as you tell it in the book, is Elon Musk's hands-on management and the way he pushes his workers. I don't think Elon does very well in those types of environments. I don't really understand the entire arc of his changing political views over the last decade. I don't think the regular person really understands what a technological leap Starship is.

Persons: Eric Berger, Elon Musk, Berger, —, Elon Musk's, Elon, David McNew, Jared Isaacman, it's, We've, What's, Obama, he's, Sarah Gillis, You've, you've Organizations: Business, Service, SpaceX, Falcon, Ars Technica, Tesla, Twitter, Elon, House, Polaris Dawn, Crew Locations: Hawthorne , California, United States, Russia

See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 5.80%, according to Zillow data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down.

Persons: they've, Lawrence Yun, Freddie Mac, it's, Fannie Mae Organizations: Federal, National Association of Realtors, Zillow, Fed, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ Why analysts are calling Cava the next Chipotle
▼ + stars: | 2024-09-27 | by ( Natalie Rice | ) www.cnbc.com time to read: +2 min

Fast-casual Mediterranean chain Cava has had an impressive year since going public in June 2023. Now, Wall Street analysts see shades of another fast-casual success story: Chipotle Mexican Grill . In its most recent results for the second quarter of 2024, Cava bucked industry trends by posting same-store sales growth of 14.4% and traffic growth of 9.5%. Cava Group co-founder and CEO Brett Schulman has said its prices increased 15% between 2019 and 2024. "You hear a lot about the value wars lately.

Persons: Nick Setyan, Brett Schulman, Schulman, That's, Cava, Chipotle Organizations: Wall Street, Wedbush Securities, Cava Group Locations: Cava, Chipotle

☆ Why U.S. auto factories are so unproductive
▼ + stars: | 2024-09-27 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +2 min

A record 17.5 million cars sold in the U.S. in 2016, according to forecasting firm GlobalData. High prices are keeping customers away or sending them to used markets, said GlobalData's Global Vice President of Automotive Research Jeff Schuster. "We have all these plants that are ready to build 200,000 or 300,000 electric vehicles and nobody to buy them. For more than a century, nearly all cars ran on gasoline. Automakers were hoping for a clean jump to a world where all cars ran on batteries.

Persons: hasn't, Automotive Research Jeff Schuster, Sam Fiorani, I've, Michael Robinet Organizations: Global, Automotive Research, AutoForecast Solutions, P Global Mobility Locations: United States, U.S

☆ All the top OpenAI figures who have left since the 2023 attempt to oust CEO Sam Altman
▼ + stars: | 2024-09-27 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

OpenAI has lost a slew of key leaders since last year's effort to push out CEO Sam Altman. Here are 10 OpenAI leaders who have left the company since November. Shortly afterward, CEO Sam Altman said that two other executives, Bob McGrew and Barret Zoph, would also leave OpenAI. Like many companies, OpenAI has seen turnover among its highest ranks since its founding in 2015. But since an attempt to oust Altman as OpenAI's CEO last November, the company has lost multiple executives and key leaders.

Persons: OpenAI, Sam Altman, Mira Murati, —, Bob McGrew, Barret Zoph, Altman, McGrew's, Elon Musk, Altman's, Helen Toner, Tasha McCauley, Toner, McCauley, Greg Brockman Organizations: Service, ChatGPT Locations: OpenAI

☆ 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

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