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☆ Sam Altman's act may be wearing thin
▼ + stars: | 2024-03-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking into how some in Silicon Valley are starting to sour on OpenAI's Sam Altman . AdvertisementFrom hardball tactics when raising funds to relentless self-mythologizing about his role in the future of tech, Altman's act is wearing thin on some . Even VCs uninterested in AI deals are quickly becoming servants to Altman's AI empire. Big market, fall hard.

Persons: —, Baltimore's Francis Scott Key, Sam Altman, Alastair Grant, Rebecca Zisser, Darius Rafieyan, Altman, Elon Musk, à, Steve Jobs, VCs, Samantha Stokes, Eric Baradat, Torsten Slok, David Rosenberg, BofA, Drew Watson, Birkin, Abanti Chowdhury, Elon, Don Lemon, that's, Musk, Mark Zuckerberg, Google's, Meta, Dave Calhoun, Aaron Schwartz, Adam Neumann, Neumann, Robert F, Kennedy Jr, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Baltimore Fire Department, Tech, Apple Vision, NFL, ChatGPT, Kruze Consulting, Apollo Global Management, Federal Reserve, Bank of America, Abanti, Getty Images, Street Locations: Silicon Valley, Plenty, Big, Orlando, New York, London, Chicago

☆ Gen Z Is Primed to Succeed at Starting Their Own Small Business
▼ + stars: | 2024-03-25 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

He was able to scale the business to more than $600,000 in revenue by 2018, when he graduated from high school. Before the internet, starting a business was a serious hassle. The problem wasn't that people weren't interested in starting a business: A 2016 EY study found that 62% of 18- to 34-year-olds had toyed with venturing into business ownership. That has made starting a business all the more appealing — and affordable — for prospective entrepreneurs. And with the plethora of digital tools we have today, starting a business is more accessible than ever.

Persons: Luke Lintz, Lintz, Bernhard Schroeder, Schroeder, Gen Zers, —, Martin Warner, Warner, GoDaddy, HighKey, Nicki Minaj, Kevin Hart, Khloé Kardashian, Tom Peters, Peters, " Schroeder, ZenBusiness, Gen, Zers, he'd Organizations: Apple, Shipping, Lavin Entrepreneurship, San Diego State University, Entrepreneurship, Dynamics Statistics, Business, Fast Company, Small Business Administration Locations: North America, China

☆ Olive Garden's owner says lower-income customers are cutting back while richer diners are eating out more
▼ + stars: | 2024-03-22 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Darden says lower-income diners are cutting back on its brands while high earners are visiting more. Darden, which owns Olive Garden and LongHorn Steakhouse, said its customer base was reverting to its pre-pandemic makeup. Cardenas had told investors in December that lower-income diners had been "splurging" in the fine-dining sector in recent years but that their orders were getting back to a more normal level. "It doesn't mean that we won't have price points on things over time, but that's kind of more of our everyday low price or around that price," Cardenas said. Darden's second-biggest brand, LongHorn Steakhouse, which has about 570 restaurants, saw a 2.3% jump in same-restaurant sales.

Persons: Darden, —, Chris Steak, Rick Cardenas, Cardenas, Raj Vennam, — Vennam, Chris, Olive Garden's, Darden's, Vennam Organizations: Darden, Olive Garden, LongHorn, Service, Olive Locations: Olive, Texas, California, —

☆ Top stocks to play the future of energy from an investor managing a $5 billion Vanguard fund
▼ + stars: | 2024-03-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +8 min

The Vanguard Energy Fund originated in 1984 and until Levering arrived, it had focused for more than three-decades on oil, gas and coal investments. "My view was that's fossil fuel energy — that's not energy," Levering told CNBC in an interview. Levering took over the Vanguard fund in 2020 as the Covid-19 pandemic had effectively shut down the global economy. Levering said the Vanguard Energy Fund is structured to remain resilient and deliver returns through its hybrid approach, regardless of the macroeconomic turns the world takes. European oil majors The Vanguard Energy Fund remains heavily weighted toward oil and gas companies.

Persons: Tom Levering, Levering Organizations: Vanguard Energy Fund, CNBC, Vanguard, Wellington Management, U.S, Congress, Invesco, Utilities, Duke Energy, Shell, BP Locations: Covid, Russia, Ukraine, French, Southern

☆ Google cofounder Sergey Brin faces wrongful-death lawsuit from pilot's widow over fatal plane crash
▼ + stars: | 2024-02-23 | by ( Camilo Fonseca | Joshua Zitser | ) www.businessinsider.com time to read: +5 min

Google cofounder Sergey Brin is facing a wrongful-death lawsuit stemming from a plane crash last year that killed two crew members en route to a private island in the South Pacific. The lawsuit also alleges that Brin intentionally delayed the recovery process. The suit identifies Brin, Google, and Bayshore Global Management — Brin's family office — as the "owner/operators" of the aircraft. While the lawsuit does mention various recovery efforts conducted by Brin's team, it alleges frequent and drawn-out delays. Olarte Maclean alleges that Brin's representatives cited weather conditions at the crash site and their interactions with the USCG as excuses.

Persons: Sergey Brin, Brin, Lance Maclean, Dean Rushfeldt, Olarte Maclean, Steven C, Marks, Larry Page Organizations: South Pacific, Business, Coast Guard, Los Angeles Times, Google, Bayshore Global Management, Bayshore, LA Times, Oceanic, Atmospheric Administration, NOAA, Brin's, Seafly LLC, Southern Cross Aviation, BI Locations: South, California, Hawaii, Santa Rosa , California, Fiji, Honolulu, Fiji's Mamanuca

☆ What We Give Up for Lent Makes Us Who We Are - The New York Times
▼ + stars: | 2024-02-17 | by ( Molly Worthen | ) www.nytimes.com time to read: +2 min

Chanequa Walker-Barnes, a professor of practical theology and pastoral care at Columbia Theological Seminary in Georgia, has an unusual approach to Lent. Instead of giving up chocolate or fasting, “sometimes I’ll say I’m giving up self-neglect,” she told me. The reaction from others surprised her: “First friends, and then strangers told me they were following the Lenten challenge. Dr. Walker-Barnes is one of many Christians who are reclaiming Lent, the 40 days of reflection, repentance and self-denial before Easter. The earliest Christians marked the lead-up to Easter with a short period of fasting and repentance.

Persons: Chanequa Walker, Barnes, ”, “, Dr, Walker, . Walker, Pope Gregory I Organizations: Columbia Theological Seminary, Ash Locations: Georgia, Rome

☆ Wall Street billionaires dump Alphabet. How they traded 7 other portfolio stocks as well
▼ + stars: | 2024-02-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

In the fourth quarter, specifically, shares of Alphabet rose 6.75%. Third Point owned Alphabet for less than a year , while Druckenmiller traded in and out of the stock in recent quarters. Some Wall Street veterans merely pared back their exposure to Alphabet in the quarter, including David Tepper's Appaloosa Management . Baupost Group — the hedge fund run by value investor Seth Klarman — sold about 23% of its Alphabet stock over the same stretch. Berkshire parted ways with about 10 million shares of the iPhone maker, leaving the conglomerate with more than 905 million shares, worth $174.35 billion, at the end of the quarter.

Persons: Dan Loeb's, Stanley Druckenmiller, Druckenmiller, David Tepper, David Tepper's, Seth Klarman —, Jim Cramer, Michael Bury, Bill Ackman's, Tepper, Druckenmiller —, —, Eli Lilly, Lilly, Danaher, Warren Buffett's Berkshire Hathaway, Buffett, Jeff Smith's, Marc Benioff, shouldn't, Jim, Jim Cramer's, Justin Sullivan Organizations: Club, Securities and Exchange Commission, SEC, Microsoft, Apple, Nvidia, Palo Alto Networks, Wall, Management, Bill Ackman's Pershing, Capital Management, Duquesne Family, Trust, CNBC, Warren, Berkshire, BNSF Railway, Geico, Inclusive, Jim Cramer's Charitable Locations: Palo, 13Fs, Jim's, Mountain View , California

☆ Stocks making the biggest moves premarket: Disney, PayPal, Arm and more
▼ + stars: | 2024-02-08 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Ralph Lauren reported earnings of $4.17 per share, excluding items, while analysts surveyed by FactSet expected earnings of $3.57 per share. The company, which is anticipating soft sales growth this year, also announced a $1 billion share buyback program. Arm Holdings — The chipmaker's stock soared more than 28% after it reported a fiscal third-quarter earnings beat . Apollo Global Management — Shares rose nearly 3% after the asset management company's fourth quarter earnings topped estimates. The company reported $32 billion of inflows during the quarter, pushing its total assets under management to $651 billion.

Persons: Ralph Lauren —, Ralph Lauren, Morgan Stanley, Ally, Mattel —, Barbie toymaker, LSEG, Moody's, NYCB, FactSet's, —, Jesse Pound, Tanaya Macheel, Lisa Kailai Han, Michelle Fox Theobald Organizations: —, Revenue, Mattel, PayPal, New York Community Bancorp, Arm Holdings, Apollo Global Management, American, American Express, Maersk —, Maersk Locations: Danish

☆ One of Goldman Sachs' top executives running investment banking and global markets is set to step down: Read the full memo
▼ + stars: | 2024-01-29 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

Jim Esposito, one of three co-heads of Goldman Sachs's powerful global banking and markets division, is set to step down. His previous roles include co-head of the global financing group, co-head of global markets, and global co-head of investment banking. Most recently, Jim played an important role in bringing together our Global Markets and Investment Banking franchises to form the Global Banking & Markets business. Jim's passion for our distinctive culture has also been reflected in his commitment to recruiting, developing and mentoring talented individuals around the world, including the next generation of leaders across Global Banking & Markets. Prior to assuming his current role, Jim was global co-head of the Global Markets Division and before that global co-head of the Investment Banking Division.

Persons: Jim Esposito, Goldman, Esposito, He's, David Solomon, Solomon, John Waldron, Waldron, Julian Salisbury, —, Salisbury's, Eric Lane, Gregg Lemkau, Goldman Sachs, Jim, Jenn, David Organizations: Business, Goldman, Wall Street, Business Insider, Bloomberg, Tiger Global, IB, Global Banking, Markets, Management, Investment Banking, Global Markets, Global Markets Division, Global, Group, Trustees, Corporation, Brown University, Advisors, Tuck School of Business, Dartmouth College

☆ 33-year-old makes over $100,000 and works from home without a bachelor’s degree—here’s how
▼ + stars: | 2024-01-25 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

This story is part of CNBC Make It's Ditching the Degree series, where women who have built six-figure careers without a bachelor's degree reveal the secrets of their success. "At that point, I was like, 'Well, how far can I go without a bachelor's degree?'" Ansley says this proactive approach to her professional growth and networking helped her transition from marketing to product management. While some companies prefer product managers to have a bachelor's degree in business management, supply chain management or a related field, it isn't always required. Why product management is a 'great career' for someone without a degree

Persons: Ansley, Kami Smith, isn't, Smith Organizations: CNBC, Tillotson University, University of Texas, Texas Windstorm Insurance Locations: AskMakeIt@cnbc.com, Austin , Texas, San Antonio, Texas, Houston, BMF, Austin, South, Austin .

☆ Stanford economist says workers should go to the office at least 3 days a week if they want to compete for a promotion
▼ + stars: | 2024-01-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Stanford economist Nicholas Bloom found hybrid workers can be more successful than fully remote workers. Heading into the office at least "three days a week" is enough to get noticed, Bloom told WSJ. AdvertisementHeading into the office a few days a week could be a way to stay in the good books of your managers, according to Stanford economist Nicholas Bloom. Only 42% of fully remote workers received a promotion in 2023, compared to 54% of hybrid workers and 55% of full-time office workers in a survey of 1,190 full-time employees from Resume Builder. AdvertisementAnd workers who go into the office are also more likely to receive helpful feedback .

Persons: Nicholas Bloom, Bloom, —, Emma Harrington, they're, Harrington Organizations: Service, Stanford, Wall Street, Workers, Fortune, Hoover Institute

☆ Coinbase threatened by bitcoin ETFs after almost 400% surge in stock last year
▼ + stars: | 2024-01-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

"We estimate Bitcoin custody and surveillance revenue will more than offset decline in Bitcoin trading volume as assets migrate to ETFs," the analysts said. "Spot bitcoin ETFs appear poised to take volume away from crypto exchanges," said Bryan Armour, director of passive strategies research for North America at Morningstar. watch nowMizuho sees the income from custody fees as fairly modest given how far investors have pushed up the stock. "They are essential infrastructure in terms of custody, trading, and surveillance for the majority of the ETF proposals," Carter said. WATCH: Former SEC Chair Jay Clayton on changes in bitcoin trading

Persons: Brian Armstrong, Michael Nagle, Coinbase, Franklin Templeton, they'll, Bernstein, bitcoin, Emilie Choi, —, Mizuho, Bryan Armour, Choi, we've, Nic Carter, Carter, Jay Clayton Organizations: Coinbase Global Inc, Bloomberg, Getty, SEC, Coinbase, BlackRock, JPMorgan, Mizuho, FactSet, Circle's U.S, CNBC, North America, Morningstar, Fidelity, Castle, Ventures Locations: New York, BlackRock, Coinbase, bitcoin

☆ Bill Ackman wants more college presidents to be business people. But that's not the way it works.
▼ + stars: | 2024-01-05 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Advancing through academia to the role of president is still the traditional route, with 54% of college presidents in the US taking this path. That's according to the American Council on Education's 2023 American College President Study, which surveyed more than 1,000 presidents. AdvertisementA 2017 Deloitte survey of sitting college presidents found they "overwhelmingly agreed" that campus leaders need academic experience. Business people aren't a popular choice for the position for several reasons, many of which have to do with a president's responsibilities. AdvertisementCautionary tales of presidents with business backgroundsWhile it's unfair to write off university leaders from business backgrounds, some recent experiments do provide a cautionary tale.

Persons: —, Bill Ackman, Claudine Gay, isn't, Ackman, Ackman doesn't, doesn't, Benjamin Ginsberg, it's, Ginsberg, Harvard's Gay, he's, Gay, Tim Wolfe, Simon Newman Organizations: Service, Harvard, Business, American Council, Study, Deloitte, Bloomberg, Johns Hopkins University, Faculty, IBM, Novell, University of Missouri, Mary's University, Education's, Futures Lab Locations: Mount St

☆ 4 tech leaders on where 5G is taking their industries next
▼ + stars: | 2023-12-05 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +6 min

But the potential of 5G technology could be enormous and a major boon to businesses, tech leaders told Business Insider. She added that nearly 20 countries around the globe still lacked 4G connectivity but could be brought up to date using 5G. "5G, and specifically private 5G, is acting as a catalyst that is driving customers toward change," he said. "Currently, the site showcases IoT connectivity, edge analytics, and predictive analytics to drive sustainability and energy efficiency on a private 5G network," Sandhu said. Alongside Schneider Electric, NTT has customers including Frankfurt Airport (Europe's largest private 5G network) and the city of Las Vegas (the largest private 5G network in the US) signing up to develop private 5G and edge-computing capabilities.

Persons: Marga Hoek, Hoek, Matt Cranfield, Andy Lindsell, Lindsell, Parm Sandhu, NTT Ltd . Sandhu, Sandhu Organizations: Accenture, Business, Tech, Cranfield, NTT Ltd, NTT Ltd ., 5G, Schneider Electric, NTT, Frankfurt Locations: Marga Hoek Hoek, Lexington , Kentucky, Las Vegas

☆ Maker of Wegovy, Ozempic showers money on U.S. obesity doctors
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +23 min

Novo spent at least $25.8 million over the past decade on U.S. medical professionals to promote its two obesity drugs, Wegovy and Saxenda, the analysis found. Jastreboff has also worked on clinical trials of obesity drugs for Eli Lilly, which markets a Wegovy competitor. Some doctors said Novo’s payments exemplify how the flood of industry money can dominate decision-making about care and coverage. Government pharmacy officer Solaru said her agency concluded that the new obesity drugs could be cost-effective by preventing other weight-related diseases and boosting workplace productivity. In January, the personnel office told its health plans they must cover at least one GLP-1 obesity drug for 8 million workers, retirees and family members.

Persons: Lee Kaplan, Kaplan, ”, gastroenterologist, He’s, Novo, Donna Ryan, Ryan, “, ” Kaplan, ” Novo, Robert Lustig, “ I’m, Lustig, They’re, Ania, ” Jastreboff, Jastreboff, Eli Lilly, Lilly’s Zepbound, Lilly, ” Lilly, Novo’s, Ayana, Sanders, Arthur Kellermann, ” Kellermann, mouthpieces, ’ ”, “ I'm, Jamy Ard, Ard, Dele, ” Solaru, ” Ryan, Scott Kahan, Kahan, Solaru, Christine Gallagher, Wegovy, Rebekah Carl, Carl, Jen Wexler, gaunt, Wexler Organizations: Novo Nordisk, Dartmouth, Nutrition Institute, Massachusetts General Hospital, Harvard Medical School, Reuters, Cambridge, Obesity Society, U.S ., Management, Reuters . Pharmaceutical, ”, U.S, United, National Health Service, University of California, U.S . Food, Drug Administration, Doctors, Wegovy’s, BMI, Yale University’s Center, Weight Management, Wall Street, American Medical Association, Rutgers University’s School of Public Health, Affordable, . Pharmaceutical, Companies, Uniformed Services University of Health Sciences, Wake Forest University, Wake Forest Baptist Health Weight Management, Obesity, Pennington Biomedical Research, U.S . National Institutes of Health, Personnel Management, Coalition, STOP, George Washington University, Novo Locations: CAMBRIDGE, Massachusetts, Boston, U.S, Novo, Danish, United States, Louisiana, San Francisco, Wegovy, Pennington, Baton Rouge , Louisiana, Government, New Columbia , Pennsylvania, Florida

☆ Terry Richardson sexually abused a model after Trump's modeling agency dismissed her concerns about him, lawsuit says
▼ + stars: | 2023-11-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Terry Richardson sexually abused a model on two separate occasions in 2004, a new lawsuit alleges. Advertisement"During their meeting, Mr. Richardson wore nothing but a robe. She "attempted to tell an agent at Trump Model Management about the assault," her lawsuit says, but the agency "insisted that she proceed with the appointment." Portillo, Richardson, and other members of the photography crew traveled in a van back to Manhattan from the shoot location. "Ms. Portillo alleges that this was the latter, and Mr. Richardson did not have the rights to distribute the images."

Persons: Terry Richardson, Donald Trump's, Richardson, —, Minerva Portillo, Tom Ford, Yves Saint Laurent . Portillo, Portillo, Ms, Donald Trump —, Mr, " Richardson, " Portillo, Richardson didn't, Gabriel Maseda, consensually, Christine Dunn Organizations: Service, Vogue, Trump Model Management, Vogue Spain, Getty, Mr, Portillo Locations: Manhattan, New York, Spain, Vogue Spain

☆ Dotdash Meredith union members marched on a top exec at the publisher of People, Entertainment Weekly, and more, as their 2-year contract battle heats up
▼ + stars: | 2023-11-09 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

On Wednesday, organizers of the Dotdash Meredith Union took a step to show they're ready to escalate their efforts. Dotdash Meredith sources requested anonymity to speak freely about the status of negotiations and the union's thinking, citing sensitivity over the ongoing talks. Dotdash Meredith spokespersons did not respond to requests for comment. "We've spoken to management across the table and we've appealed to their common sense," a second union source said, adding, "People should see this as us saying, 'We've tried to bargain. The union sources said workers are seeking a provision to prevent the use of AI in generating journalistic content, but the publisher had so far refused to agree to such a clause.

Persons: Dotdash Meredith —, Meredith Union, We're, that's, Dotdash Meredith, —, Meredith, Leah Wyar Romito, Martha Stewart, we've, We've, That's, Wyar, Leah Wyar, we're, Leah, Romito, Neil Vogel, Dotdash, Vogel Organizations: Entertainment, company's Entertainment, Zoom, People, TV, National Labor Relations Board, Dotdash Meredith Union, NLRB, New York Times Locations: Manhattan, Wyar, New York

☆ Disney's strides to restore profitable growth are why we stick around in the stock
▼ + stars: | 2023-11-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

However, we did not learn much in the way of strategic partnerships for ESPN and its TV business. That's a significant improvement from the nearly $5 billion it generated in fiscal 2023 and $6.7 billion analysts expected for 2024. DTC, housed in the Entertainment segment, saw quarterly narrow to $420 million from $1.4 billion in fiscal 2022 Q4. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Bob Iger's, Nelson Peltz, Disney, That's, Hotstar, it's, Iger, Hugh Johnston, Johnston, Jim Cramer's, Jim Cramer, Jim, Walt, Joe Raedle Organizations: Disney, Revenue, LSEG, Sports, ESPN, Entertainment, Hulu, CNBC, Comcast, Disney Cruise, Disney Vacation, Disneyland, PepsiCo, Walt Disney, Getty Locations: Hulu, Orlando , Florida

☆ They gave up city life to buy an abandoned $10,000 house in Japan and renovate it. They say they'll never take on a project like that again.
▼ + stars: | 2023-10-30 | by ( Amanda Goh | ) www.businessinsider.com time to read: +11 min

Gilles Beaufils and his wife gave up city life in Tokyo to renovate an abandoned house in rural Japan. AdvertisementAdvertisementAfter three decades of working in Tokyo, Gilles Beaufils decided he needed a change of scenery. Gilles Beaufils/Base Camp ImariThe akiya is just over 1,800 square feet and is located right in the middle of the village. Gilles Beaufils/Base Camp ImariOnce the pandemic restrictions started to ease, travelers started coming back to Japan in troves, he said. Gilles Beaufils/Base Camp Imari"They don't show you the moist, they don't show you the termites, they don't show you these kinds of things in the photos," he added.

Persons: Gilles Beaufils, they'll, —, Frenchman, Beaufils, I've, — Beaufils, Makoto Watanabe, Imari, it's, Amanda Goh Organizations: Service Locations: Tokyo, Japan, Kyushu, Okawachiyama, Saga Prefecture, Fukuoka, Kumamoto, Nagasaki, Saga, troves, Itoshima, agoh@insider.com

☆ Stocks making the biggest moves midday: Microsoft, Alphabet, Waste Management and more
▼ + stars: | 2023-10-25 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Microsoft posted almost 13% year-over-year revenue growth, and its Azure cloud segment saw revenue gain 29% for the quarter. Norfolk Southern — The freight railroad dropped 5.3% on the back of disappointing third-quarter earnings. General Dynamics — Shares of General Dynamics rose 4% after the defense contractor's third-quarter earnings and revenue topped estimates. The semiconductor manufacturer sees earnings per share between $1.35 and $1.57, versus the $1.76 expected by analysts polled by FactSet. The stock's third-quarter revenue also disappointed investors, coming in at $4.35 billion, versus the $4.58 billion estimated by analysts polled by LSEG.

Persons: Wells, Max, —, Lisa Kailai Han, Fred Imbert, Hakyung Kim, Yun Li Organizations: Microsoft —, Microsoft, Windows, Norfolk Southern, LSEG, Revenue, Dynamics —, Dynamics, General Dynamics, Boeing —, Deutsche Bank, . Waste Management, Texas, FactSet Locations: U.S

☆ New SAT Data Highlights the Deep Inequality at the Heart of American Education
▼ + stars: | 2023-10-23 | by ( Claire Cain Miller | Francesca Paris | ) www.nytimes.com time to read: +13 min

When we account for how few poor students take the test, by looking at all students, a new and greater disparity emerges. It’s a reflection of an inequality in American education that starts long before high school. New SAT Data Highlights the Deep Inequality at the Heart of American EducationNew data shows, for the first time at this level of detail, how much students’ standardized test scores rise with their parents' incomes — and how disparities start years before students sit for tests. And in the last five decades, as the country has become more unequal by income, the gap in children’s academic achievement, as measured by test scores throughout schooling, has widened. Parenting in places with less income inequality and more public investment in families is more playful and relaxed, research shows.

Persons: ”, Sean Reardon, Reardon, “, —, John N, Friedman, Brown, Raj Chetty, David J . Deming, Deming, Ann Owens, Owens, Rich, Chetty, “ It’s, Nate G, Hilger, Drew Angerer, Robert Putnam, “ ‘, you’re, “ They’ve, they’ve, Jesse Rothstein Organizations: ACT, of American Education, Opportunity, Harvard, Stanford Graduate School of Education, Chetty, University of Southern, Research, The New York Times, University of California Locations: University of Southern California, Berkeley

☆ Insurance companies have discovered devious new ways to rip you off
▼ + stars: | 2023-10-23 | by ( Jathan Sadowski | ) www.businessinsider.com time to read: +16 min

Unfortunately, as premiums for everything from home insurance to car insurance skyrocket, more of us are being forced to dwell on the opaque and convoluted insurance industry. AdvertisementAdvertisementTo determine that magic price tag, insurance companies drill down into the nitty-gritty details of your life. I'll go even further: To boost their own profits, insurance companies are becoming increasingly antisocial and antagonistic. To boost their own profits, insurance companies are becoming increasingly anti-social and antagonistic. The stuff of insurance is far too important to be left to the insurance industry.

Persons: Søren Holm, Duncan Minty, Kengo Sakurada, you've, Colm Holmes, —, Holmes, Inga Beale, Beale, ProPublica, Cigna Organizations: Consumers, Caliber, Insurance, Sompo Holdings, Aviva, Allianz Holdings —, of Actuaries, State Farm, Farm, New York Times, of Information Technology, Monash University Locations: London, State

☆ I was drowning in student-loan debt as a single mother. But this year, I turned 53 and my $200,000 loans were forgiven.
▼ + stars: | 2023-10-14 | by ( Kristina Puga | ) www.businessinsider.com time to read: +4 min

It was 1987 when I started my college journey at Adams State College — now Adams State University — in Alamosa, Colorado. I graduated in May 1995 with my bachelor's in psychology and started graduate work in counseling. What I borrowed between my undergraduate and graduate work was about $60,000, and it ballooned to more than $200,000 because of the compound interest. I wanted to pay my student loans, but it was more important to provide for my family. My student loans were finally forgiven under the Biden administrationIn July, I received an email from the Education Department saying I was eligible to have my loans forgiven.

Persons: I'm, Linda Whitman, Adams State College —, Washington —, Biden, I'd Organizations: Adams State College, Adams State University —, Education Department, Facebook Locations: Alamosa , Colorado, Washington

☆ Tensions are boiling over as America's elite colleges respond to Hamas' terrorist attack on Israel
▼ + stars: | 2023-10-13 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Tensions have boiled over around how colleges are responding to Hamas' terrorist attack on Israel. 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 . AdvertisementAdvertisementTensions are running high at America's elite colleges, as students, professors, and well-connected, wealthy alumni respond to Hamas' terrorist attack on Israel. At Harvard, the much-maligned student letter has been deleted, after several student groups retracted their support for it.

Persons: —, Bill Ackman, Mark Rowan, Stanford, Larry Summers, Summers, Joe McCarthy, Jason Furman, Ackman, Israel, Alex Morey Organizations: Elite, Harvard, Yale, Penn, Service, Harvard Palestine Solidarity Groups, Cambridge, University of Pennsylvania, Apollo Global Management, Twitter, Indiana University, Columbia University, New York Police, . Police, Bloomberg, NYU, University of Arizona, Foundation, Rights Locations: Israel, Penn, Palestine, New York, Hamas, Gaza

☆ Bill Ackman's misguided Harvard crusade
▼ + stars: | 2023-10-13 | by ( Linette Lopez | ) www.businessinsider.com time to read: +6 min

"The names of the signatories should be made public," Ackman fumed, "so their views are publicly known." Look, it's classic Wall Street to complain about the younger generation being a bunch of good-for-nothing freaks. It's also classic Wall Street to throw money around as a way to exercise power over institutions, forcing rivals you dislike to bend the knee. In his initial post, Ackman said that "a number of CEOs" shared his desire to publicly out the Harvard students. AdvertisementAdvertisementOn Wall Street, Ackman is known as the king of uninformed, unnecessary, and seemingly unlimited tweets — a breathtaking achievement in an industry full of workaholic, screen-addicted information junkies.

Persons: Bill Ackman, —, Ackman, Larry Summers, Joe McCarthy, Mark Rowan, It's, it's, he's, JC Penney, Michael Pearson, Herbalife, Sam Bankman, Pershing, Linette Lopez Organizations: Pershing, Capital Management, Harvard, Wall, Treasury, Apollo Global Management, University of Pennsylvania, JC, isn't Locations: Israel, Canadian, Washington, Palestine

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