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☆ Presenting the star of this year's TV upfronts: Retailers
▼ + stars: | 2024-05-01 | by ( Lara O'Reilly | Lucia Moses | ) www.businessinsider.com time to read: +5 min

Usually, at the US TV upfronts — the annual event where the networks showcase their best upcoming programming in the hopes of securing big advertising commitments — the celebrities are the stars of the show. With more money being spent, advertisers are paying closer attention to what data they can use to inform their TV ad buys and prove that TV is powering their sales. It found that taking advantage of a media company's unique upfront data offerings, including retail data, was a top reason for advertisers to buy linear TV or connected TV in the upfronts, cited by 37%. US retail media CTV ad spend will increase by 86.6% this year to reach $4.19 billion, according to Emarketer. And Walmart's recent deal to acquire the TV manufacturer Vizio reflects the growing trend of retail media's convergence with TV advertising.

Persons: Eric Haggstrom, Dave Morgan, Andrea Montano, there's, NBCU, Mark Marshall, Marshall Organizations: Hollywood, Business, Amazon, TV, CTV, Kroger, Walmart, Netflix Locations: New York

☆ Jim Cramer: Buy Goldman Sachs on big dips because it's willing to correct mistakes
▼ + stars: | 2024-04-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday praised Goldman Sachs for its ability to course-correct after making mistakes, citing a new report about a possible exit of a challenged business. Goldman Sachs is in discussions to sell its credit card partnership with General Motors to Barclays, according to The Wall Street Journal. "I continue to like the stock of Goldman Sachs because ... they make mistakes and then they change," Cramer said on " Squawk on the Street ." Shares of Goldman, where Cramer worked early in his Wall Street career, were modestly lower Tuesday. Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, doesn't own Goldman but does own Morgan Stanley and Wells Fargo .

Persons: CNBC's Jim Cramer, Goldman Sachs, Cramer, Goldman, doesn't, Morgan Stanley, Wells Organizations: General Motors, Barclays, Wall Street, Apple, Goldman, Cramer's Charitable Trust, CNBC, The Locations: Cramer's, Wells Fargo

Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University in New York City, on April 22. Stephanie Keith/Bloomberg/Getty ImagesWith tension mounting over an encampment in support of Palestinians at New York’s Columbia University, police strode onto campus this month and arrested more than 100 demonstrators. Soon, dozens more students protesting the monthslong assault on Gaza were arrested at New York University and Yale University. Then at Emory University in Atlanta, law enforcement deployed pepper balls to break up a pro-Palestinian action, arresting 28, including several professors. It is a “drastic action” that “should be reserved for only the most direct and severe threats to campus safety,” Greenberg said.

Persons: Stephanie Keith, strode, –, that’s, Zach Greenberg, ” Greenberg, ” Organizations: Columbia University, Bloomberg, Getty, New York’s Columbia University, New York University, Yale University, University of Texas, University of Southern, Emory University, Boston’s Emerson College, Indiana University, George Washington University and California State Polytechnic, Humboldt, Foundation, Rights Locations: New York City, New, Gaza, Austin, University of Southern California, Atlanta, Israel

☆ How universities are cracking down on a swell of tension months into student protests over Israel’s bombardment of Gaza
▼ + stars: | 2024-04-28 | by ( Dakin Andone | ) edition.cnn.com time to read: +17 min

Soon, dozens more students protesting the monthslong assault on Gaza were arrested at New York and Yale universities. Ash told CNN he was one of 20 students arrested following a sit-in on November 8. The charges were later dropped, according to the Brown Daily Herald, but 41 students arrested the following month in similar circumstances still face charges, which protesters now want dropped. Separately, the referendum on the BDS resolution “did not move forward because of potential conflict with federal and state laws,” the university told CNN in a statement. Police then were aggressive, Agrawal told CNN.

Persons: strode, –, Jordan Vonderhaar, that’s, Zach Greenberg, ” Greenberg, ” “, ”, Dima Khalidi, “, Greenberg, …, Arman Deendar, Rafi Ash, Ash, ” Ash, Richard Vogel, Jack Petocz, Petocz, Vanderbilt, Samson Zhang, Alexander Hall, Pitzer, Mita Banerjee, Banerjee, ” Arrestees, Natascha, Shubh Agrawal, Agrawal, Colleen Mastony, Israel, Grace Hie Yoon, Adam Lehman, who’ve, they’re, ” Lehman, CNN’s Dana, Israel –, Palestine Legal’s Khalidi, ” Khalidi, CNN’s Nicquel Terry Ellis, Chelsea Bailey, Isabel Rosales, Devon Sayers Organizations: CNN, New York’s Columbia University, Yale, University of Texas, University of Southern, Emory University, Boston’s Emerson College, Indiana University, George Washington University and California State Polytechnic, Humboldt, Bloomberg, Getty, Foundation, Rights, ”, White, Palestine, Brown University, Brown Daily Herald, University Public, Vanderbilt University, Vanderbilt, Coalition, ” Vanderbilt University, Community, Officer, Barnard College, Harvard University, Boston, Pomona College, Claremont Colleges, Pomona, Pomona College’s, for Justice, ” Claremont Police, Pro, Palestinian, George Washington University, University of Michigan’s, Investment, University of Michigan, Police, New York University, New, Civil Liberties Union, Anadolu Agency, Jewish, Hillel International Locations: New, Gaza, New York, Austin, University of Southern California, Atlanta, Israel, Rhode Island, Los Angeles, Nashville, Florida’s, Southern, Palestine, TAHRIR, “ City, Vietnam

☆ Paramount CEO Bob Bakish could be out as soon as Monday as Skydance merger talks continue
▼ + stars: | 2024-04-27 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Paramount Global's board is preparing to fire Chief Executive Officer Bob Bakish as soon as Monday morning, according to people familiar with the matter. Paramount Global reports its quarterly earnings Monday. Bakish has lost the trust of Paramount Global controlling shareholder Shari Redstone, according to people familiar with her thinking. Paramount and Skydance have been making headway on a final deal, under which Bakish would leave Paramount, CNBC reported Thursday. Skydance intends to name its CEO David Ellison to helm Paramount, according to people familiar with the matter.

Persons: Bob Bakish, Bakish, Shari, Skydance, David Ellison Organizations: Viacom Inc, Mobile, Paramount, Paramount Global, Skydance Media, Charter Communications, Skydance, CNBC Locations: Los Angeles , California, U.S

One of the architects of that plan for a Trump second term said as much in a video last year for the Heritage Foundation. Reissuing Schedule F is part of a roadmap, known as Project 2025, drafted for a second Trump term by scores of conservative groups and published by the Heritage Foundation. The new rules would not fully block reclassifying workers in a second Trump term. Greene said she worries for federal workers who might face the same choice in a second Trump term. The project includes a personnel database for potential hires in a second Trump administration.

Persons: Donald Trump, it’s, —, Trump, Joe Biden, Donald Moynihan, Georgetown University's, ” Donald Moynihan, ” Moynihan, “ It’s, ”, Russell Vought, “, you’re, Doreen Greenwald, Moynihan, Kenneth Baer, Barack Obama, ” Kenneth Baer, Peter Orszag, Pete Souza, Robert Shea, Eva Shea, George W, Bush, Laura Bush, Tina Hager, ” Biden, Baer, George Frey, ” Trump, Max Stier, Verna Daniels, ” Daniels, Catherine Greene, ” Greene, Tom Bewick, NIFA, ” Bewick, we’ll, Greene, Biden, “ We’ve, He’s, Hillary Clinton, he’d, James Comey, Bill Barr, Barr, Jeffrey Clark, Clark, Mark Meadows, Stephen Miller, Peter Navarro, he’ll Organizations: CNN, United, Republican, Democratic, Trump, ”, Georgetown, Georgetown University's McCourt School, Public, Georgetown University, Heritage Foundation, Management, Budget, of Justice, FBI, Environmental Protection Agency, Vought, National Treasury Employees Union, OMB, White, Personnel Management, Land Management, Department of Agriculture, Kansas City, Partnership for Public Service, Government, Office, GAO, Economic Research Service, National Institute of Food, Agriculture, USDA, National Institute for Food, NIFA, Applied Economics Association, BLM, Getty, Department of Justice, Justice Department, Univision, Justice, Department, U.S . Justice, Center, Washington Post, National Security and Intelligence, of Homeland Security, of Education and Commerce, Federal Communications Commission, Federal Trade Commission Locations: United States, Washington, Georgetown, , Colorado, DC, Kansas, Colorado, Virginia, America, Grand Junction, Washington ,, New York City, New York, Georgia

☆ A top exec at PR giant Edelman lays out its plan to invest in generative AI
▼ + stars: | 2024-04-26 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

To do so, Edelman recently promoted Brian Buchwald to global chair of product and AI to oversee the firm's AI investments. Buchwald joined Edelman in 2023 and was previously the global head of product, trust data, and technology at the firm. Previously, this tool used small language models and now uses generative AI and large language models, Buchwald said. Using generative AI has increased the tool's ability to predict future trustworthiness with 97% accuracy, he said. More broadly, holding companies have made significant investments into generative AI for content creation that compete with Edelman.

Persons: Edelman, Taco Bell, Brian Buchwald, Buchwald, Weber, Interpublic Group's Weber, Jay Pattisall, Forrester Organizations: eBay, Business, New York Times, Google, Adobe, Edelman, WPP Locations: Talkwaker

☆ This 35-year-old had 5 failed businesses before starting her grocery store chain – now it brings in over $8 million a year
▼ + stars: | 2024-04-25 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

Gek Teng Pang founded Surrey Hills Grocer in 2021. Success didn't come easy for Pang Gek Teng. Today, she is the proud founder and CEO of Surrey Hills Grocer, an Australian-inspired grocer and café brand with five locations across Singapore. Navigating the entrepreneurial worldBetween quitting her job and starting Surrey Hills Grocer, Pang founded five different businesses. Pang opened her first Surrey Hills Grocer store in December 2021, and eventually went on to open four other locations.

Persons: Gek Teng Pang, Pang Gek Teng, Pang, That's, —, Alvin Lau, she's Organizations: Surrey Hills Grocer, CNBC, Surrey Hills, University of Newcastle, CNBC she's Locations: Singapore, Australian, Australia, Surry Hills

☆ 9 ways rich real estate owners save big on taxes from putting mansions in trusts to donating rental property income
▼ + stars: | 2024-04-25 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

The richest 0.1% of Americans own $1.8 trillion in real estate, according to the Federal Reserve. Currently, individuals and married couples can gift or bequeath $13.61 million and $27.22 million, respectively, before a 40% federal estate tax kicks in. Here are nine little-known techniques that wealthy real estate owners use to pay less to Uncle Sam:Qualified personal residence trusts, better known as "QPRTs," effectively freeze the value of a real estate property for tax purposes. With an FLP, an individual — often a parent or two parents — pools their business assets, commonly real estate or stocks. The heirs don't own the trust assets, but rather have lifetime rights to the trust's income and real estate.

Persons: Uncle Sam, Trump, Sam Walton, Wrigley, Jeff Bezos, Rich, Ron Wyden, PPLI, Jackie O, I've, Edward Renn, remarries Organizations: Federal, Business, Walmart, Biden, Blackstone, Lombard, Taxpayers, IRS Locations: Trump, Florida, Wyoming, Plenty

☆ Jim Cramer's favorite investment themes in this rough market and 3 stocks he likes now
▼ + stars: | 2024-04-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Here are the responses from Jim Cramer and Director of Portfolio Analysis Jeff Marks. (Gary, Philadelphia) Jim Cramer: Go to Club holding Costco's website and buy gold. When we do see a lot of parabolic moves happening in the market that's usually a sign for us to start raising cash. (Sonny) Jim Cramer: Former President Donald Trump wants more defense. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jeff Marks, Wells, It's, They're, —, Sonny, Donald Trump, Trump, Joe Biden, James, Johnson, That's, – Alibaba, Eaton, Michael, you've, Anthony, Dupont, Stanley Black, Decker, Eli Lilly –, that's, Nancy, Estee Lauder, they're, Gordon, Cash, Wynn, I'm, it's, Jim Cramer's, Jim Organizations: Investing Club, JPMorgan, Costco, Investing, Abbott Labs, Baidu, PDD Holdings, Bank of America, Nike, Trust, Jim Cramer's Charitable, CNBC Locations: North Carolina, Gary, Philadelphia, , Texas, Bob , Minnesota, Eaton

☆ Reggie Bush getting 2005 Heisman Trophy back, Heisman Trust cites ‘enormous changes in college athletics’
▼ + stars: | 2024-04-24 | by ( Jill Martin | ) edition.cnn.com time to read: +3 min

CNN —Reggie Bush is getting his 2005 Heisman Memorial Trophy back after having had to relinquish the award in 2010. “We are thrilled to welcome Reggie Bush back to the Heisman family in recognition of his collegiate accomplishments,” Michael Comerford, president of The Heisman Trophy Trust, said in a statement. We are so happy to welcome him back.” Michael Comerford, president of The Heisman Trophy Trust, in a statement on Wednesday. In a post on Instagram, Bush wrote, “No one can take from you what God has for you,” along with a picture of his Heisman Trophy. Bush will also be invited to future Heisman Trophy ceremonies and USC will receive a replica trophy.

Persons: Reggie Bush, Bush, ” Michael Comerford, “, Reggie, Marcus Cassel, Chris Carlson, ” Bush, Johnny Manziel, ”, Vince Lombardi Organizations: CNN, Heisman Trust, Heisman, Trust, University of Southern, UCLA, USC, Los Angeles Memorial Coliseum, College, NCAA, Athletic, NFL, Twitter, New, New Orleans Saints, Miami Dolphins, Detroit Lions, San Francisco 49ers, Buffalo Bills, Saints Locations: Heisman.com, Instagram, University of Southern California, New Orleans

☆ Some families are hiring multilingual nannies. They say there are clear benefits for their children.
▼ + stars: | 2024-04-24 | by ( Pooja Mistry Shah | ) www.businessinsider.com time to read: +6 min

These caregivers can help children connect with the family's native tongue. "I definitely recommend it to families to help their children with their linguistic tools and global appreciation." Advertisement"We intentionally picked a Filipino caregiver who spoke Tagalog for live-in help because of how nurturing and outgoing the community is," Bhalla Mistry told BI. "Children who grow up multilingual often develop better communication skills and can switch between languages more easily," Bhalla Mistry said. Multilingual nannies can help children connect with their native tonguesMaria Olsson-Tysor of Orange County, California, hails from Sweden and only speaks Swedish to her children, while her husband speaks to them in English.

Persons: —, Candi Vajana, Vajana, nannies, multilingualism, Jayna Patel, Patel, Natasha Bhalla Mistry, Bhalla Mistry, Bhalla, Maria Olsson, " Olsson, Tysor, Olsson Organizations: Service, Business, Montessori Locations: Miami, Singapore, London, COVID, Switzerland, Orange County , California, Sweden

☆ Google search boss warns employees of 'new operating reality,' urges them to move faster
▼ + stars: | 2024-04-23 | by ( Jennifer Elias | ) www.cnbc.com time to read: +9 min

"If there's a clear and present market reality, we need to twitch faster, like the athletes twitch faster," he said. The spokesperson highlighted the addition of generative AI to search and improvements in search quality, adding, "There's lots more to come." In March, Google named company veteran Elizabeth Reid to the role of vice president, leading search and reporting to Raghavan. "We're in a new cost reality," Raghavan said. Demis Hassabis, Google's AI leader, said in February after the tool was taken down that it would be re-released in weeks.

Persons: Prabhakar Raghavan, Julia Nikhinson, Raghavan, Sundar Pichai, TikTok, dory, Elizabeth Reid, Ruth Porat, We've, Jonathan Raa, we've, they've, Demis, Bard, Pichai, That's Organizations: Google, US, Bloomberg, Getty, CNBC, Mazda, Microsoft, Google Gemini, Nurphoto, Union's, European Commission, Gemini Locations: Washington , DC, Mountain View , California, Silicon Valley, India, Brazil, Brussels, Belgium

☆ Justice Department reaches $139 million settlement over FBI failures in investigation of Nassar gymnastics abuse claims
▼ + stars: | 2024-04-23 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +1 min

CNN —The Justice Department has reached a $138.7 million settlement with more than 100 victims of disgraced former USA Gymnastics team doctor Larry Nassar over the FBI’s initial failures in investigating the sexual assault case. More than 150 women and girls, including Olympic athletes, have alleged that Nassar sexually abused them under the guise of performing medical treatments. The FBI failed to investigate their claims, the victims say. In 2021, victims of Nassar reached a $380 million settlement with USA Gymnastics, the US Olympic Committee and their insurers. In 2022, the DOJ offered to begin settlement discussions with the sexual assault survivors.

Persons: Larry Nassar, Nassar, Lawrence Nassar, ” Benjamin Mizer Organizations: CNN, The Justice Department, USA Gymnastics, Olympic, FBI, Justice Department, USA, US Olympic Committee, DOJ Locations: Michigan, FBI Indianapolis

☆ TikTok has become a pseudo-shopping channel, and Gen Z has had enough
▼ + stars: | 2024-04-22 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

@ceevannn #stitch with @Renèe | Influencer Marketing these days, Katy Hearn’s products and branding dont move me to purchase. TikTok influencers stand above IG because of authenticity. As social media marketing evolved, so did the opportunity for influencers to work with more brands. Data shared with the outlet from a YPulse study found that 45% of 13 to 22-year-old respondents felt influencers don't have the sway they used to. Sophie Wood, the director of strategy at influencer marketing agency Fohr, told BI the influencer bubble hasn't burst, it's just changing.

Persons: —, Manrika Khaira, TikTok, it's, Zers, CeeVan, influencers, Katy, rogan, @Madeline Pendleton, Ashley Rector, Quimby, — influencers, Rector, Samantha Zink, Zink, Gen Z, Influencers, Catherine Falls, Sophie Wood, Wood, Hannah Witton, Witton, It's, Jessica Dante Organizations: Service, Business, Influencer, qvc, Federal, Quimby Digital, Zink Talent, Yahoo News, YouTube, Smart, BI, Love Locations: Catherine, London

☆ If you use these 4 phrases regularly, you’re more likely to form healthy relationships than most, says psychologist
▼ + stars: | 2024-04-16 | by ( Judy Ho | ) www.cnbc.com time to read: +7 min

I like to call them "Connected Explorers." I've found in my research and professional experience that "Connected Explorers" tend to embody four phrases. They regularly tell themselves:'I believe in and like myself'The securely attached tend to have a strong sense of self, and higher self-esteem, than those who are insecurely attached. They're more likely to have consistently positive feelings about themselves, their abilities, and their perception of acceptance by others. Connected Explorers understand where they end and others begin, and in the case of more intimate or romantic relationships, where the "we" begins, without becoming subsumed.

Persons: It's, I've, They're, they'll, Judy Ho Organizations: Pepperdine University, CNBC Locations: U.S

☆ AI is revolutionizing industries. Here's what that means for consumer trust.
▼ + stars: | 2024-04-12 | by ( Sponsor Post | Created Mastercard With Insider Studios | ) www.businessinsider.com time to read: +6 min

It is therefore no surprise that the advent of big data, data analytics, and disruptive technologies such as generative AI have brought in sweeping changes and opportunities to reinvent critical business areas. When customers trust a business, it empowers the organization to pioneer groundbreaking initiatives, embracing risk to craft new products and refine existing ones. While the balance between trust and innovation emerges as a critical lever for progress, the role of transparency in cultivating and maintaining this trust cannot be overstated. Earned, not givenAs we recognize transparency's pivotal role in building trust, it becomes clear that trust in the digital age is earned, not given. Safeguarding consumer trust in an era increasingly dominated by sophisticated algorithms and artificial intelligence is more critical than ever.

Persons: Matthew Driver, we've Organizations: Services, Asia, Mastercard, Trust, Harvard, Mastercard Singapore, Insider Studios Locations: Asia Pacific

☆ Jim Cramer says Wall Street's too cynical on Jerome Powell, Nvidia and Apple
▼ + stars: | 2024-04-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday said Wall Street should be less jaded, saying that to see gains, it is necessary to trust certain deserving market-moving figures. He specifically said he has faith in Federal Reserve Chair Jerome Powell, Nvidia 's Jensen Huang and Apple CEO Tim Cook, even as some on Wall Street have negative sentiments about these leaders. To Cramer, Powell is pragmatic and hasn't gotten the trust he deserves. Cramer added that he thinks Powell will be able to "fly the plane wherever it has to go." Cramer said he thinks Nvidia can work with many of these companies, who will also remain its clients.

Persons: CNBC's Jim Cramer, Jerome Powell, Nvidia, Jensen Huang, Tim Cook, who've, Cramer, Powell, hasn't, he's, Huang, Cook, Jay Powell Organizations: Apple, Nvidia, Big Tech, Bloomberg, Federal Reserve, CNBC

☆ 6 ex-officers who pleaded guilty in ‘Goon Squad’ torture of 2 Black men sentenced in state court
▼ + stars: | 2024-04-10 | by ( Emma Tucker | Holly Yan | ) edition.cnn.com time to read: +8 min

– Middleton was sentenced in state court to 20 years in prison, which will run concurrently with his federal sentence of 17.5 years. – Opdyke was sentenced in state court to 20 years in prison, to run concurrently with his federal sentence of 17.5 years. – Hartfield was sentenced in state court to 15 years in prison, to run concurrently with his federal sentence of 10 years. – Dedmon was sentenced in state court to 25 years in prison, to run concurrently with his federal sentence of 40 years. – McAlpin was sentenced in state court to 20 years in prison, to run concurrently with his federal sentence of just over 27 years.

Persons: Michael Jenkins, Eddie Parker, – Hunter Elward, Brett McAlpin, Christian Dedmon, Daniel Opdyke, Jeffrey Middleton –, Joshua Hartfield, Jenkins, Malik Shabazz, “, Eddie, Hunter Elward, ” Jenkins, ” Eddie Terrell Parker, Michael Corey Jenkins, Rogelio V . Solis, Dedmon, Elward, – Elward, – Middleton, – Opdyke, – Hartfield, – Dedmon, – McAlpin, Brandon –, Parker, Opdyke –, Lynn Fitch, Middleton, ” picturing, Angela English, ”, Sheriff Bryan Bailey, Jason Dare, Bailey, jailers, Fitch, Eddie Terrell Parker, ” Fitch, CNN’s Devon Sayers, Ryan Young Organizations: Mississippi CNN —, Richland Police Department, NAACP, Confederate, Justice, Rankin County Sheriff’s Department, Department of Justice, Sheriff’s Department, CNN, Civil Rights Unit Locations: Brandon, Mississippi, Rankin, Rankin County, Braxton, McAlpin, Middleton, Opdyke, Jackson

☆ Jacob Zuma, South Africa’s Scandal-Ridden Ex-President, Is Running Again
▼ + stars: | 2024-04-10 | by ( Lynsey Chutel | ) www.nytimes.com time to read: +1 min

Jacob Zuma, who resigned as South Africa’s president in shame in 2018, is now staging his biggest comeback act yet by running in next month’s parliamentary elections with an upstart opposition party at the top of its ticket — the slot designated for a party’s presidential contender. Mr. Zuma’s participation in the race is a blow to a faltering African National Congress — the party he once led — which has governed the country since the end of apartheid three decades ago. and its leader, the country’s current president, Cyril Ramaphosa, are now struggling to win back the trust of voters disillusioned by a stagnant economy and years of corruption. On Wednesday, his party — uMkhonto weSizwe — released its list of national candidates with his name at the top. His party, known as MK, was formed only last December, but has already climbed in the polls, gained ground in local elections and won several legal battles for the right to contest the May 29 election.

Persons: Jacob Zuma, Mr, Cyril Ramaphosa, Zuma, — Organizations: South, African National Congress

☆ Some of the rules that protect wealthy savers' bank deposits just changed. Here's what to know
▼ + stars: | 2024-04-09 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

The Federal Insurance Deposit Corporation, or FDIC, implemented new requirements for deposit insurance for trust accounts starting April 1. FDIC insurance generally covers $250,000 per depositor, per bank, in each account ownership category. How FDIC coverage of trust accounts has changedUnder the new rules, trust deposits are now limited to $1.25 million in FDIC coverage per trust owner per insured depository institution. Each beneficiary of the trust may have a $250,000 insurance limit for up to five beneficiaries. However, if there are more than five beneficiaries, the FDIC coverage limit for the trust account remains $1.25 million.

Persons: Jamie Grill, Ken Tumin, Tumin, — Organizations: Federal Insurance Deposit Corporation, FDIC

☆ Tesla's reign as EV king is fizzling, so Elon Musk has his sights set on a new goal — turning X back into Twitter
▼ + stars: | 2024-04-09 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Tesla's stock is down over 10% in the last year, and Elon Musk's net worth has also fallen. Lately, social media platform X has begun to look more like regular old Twitter. With his social media venture, X, that seems to mean returning to the app to the pre-Musk days of plain old Twitter. Musk and representatives for Tesla and X did not respond to requests for comment from Business Insider. "Honestly, the best thing that Twitter can do to regain its position is to sideline Musk.

Persons: Tesla, Musk, —, Elon, Gabor Cselle, CNN's Oliver Darcy, David Camp, Metaforce, Camp, X, Cselle, Ed Zitron, Kim Kardashian, Jay, Zitron, Linda Yaccarino, Yaccarino, he's Organizations: Elon, Service, Twitter, NBC News, Variety, Business, Camp Locations: China, Texas

☆ Gen Z's Dream of Becoming Influencers Is Getting Harder Thanks to AI
▼ + stars: | 2024-04-09 | by ( Clem De Pressigny | ) www.businessinsider.com time to read: +13 min

Advancements in AI tech have given birth to an industry of AI influencers, and major companies are beginning to show interest in their far more cost-effective approach to marketing. AdvertisementMiquela's success didn't spark a virtual-influencer revolution, but that was largely because of cost — human influencers were still cheaper. She sees AI influencers being used to provide a deep level of information, support, and guidance on brands and products. Do AI influencers really stand a chance at building trust with an audience? A study in the European Journal of Marketing found that consumers were just as likely to follow an AI influencer as a human influencer but that they didn't trust the AI influencer as much.

Persons: Zers, Gen Z, influencers, wannabes, — they're, Nikita Baklanov, Julia Broome, Baklanov, Broome, she'd, it's, Miquela Sousa, Lil Miquela, Instagram Miquela, Calvin Klein, Imma, HypeAuditor, Euronews, who's, Jenny Dearing, Dearing, ChatGPT, chatbot, Eric Schmidt, Jonathan Haidt Organizations: Stanford, UGC, Prada, Companies, Meta, Instagram, AIs, Oxford, Advertising, Air, European, Marketing, Air Canada, Google, Alpha Locations: strategize, TikTok, Antarctica, Air Canada

☆ We're done selling Alphabet for the trust, says Jim Cramer
▼ + stars: | 2024-04-08 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're done selling Alphabet for the trust, says Jim Cramer'Mad Money' host Jim Cramer shares his latest take on Alphabet after selling some for the trust.

Persons: Jim Cramer

☆ Cramer's Lighting Round: Vertex Pharmaceuticals is 'terrific'
▼ + stars: | 2024-04-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Hawaiian Electric Industries' year-to-date stock performance. Stock Chart Icon Stock chart icon Excelerate Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Sibanye-Stillwater's year-to-date stock performance. Stock Chart Icon Stock chart icon Penumbra's year-to-date stock performance. Stock Chart Icon Stock chart icon Vertex Pharmaceuticals' year-to-date stock performance.

Persons: Excelerate, I'd, it's, I've, ABT, Emerson Electric's, Jim Cramer's Organizations: Hawaiian Electric Industries, Excelerate, Abbott Labs, PEN, Emerson Electric, GM, Pharmaceuticals, Vertex Pharmaceuticals, CF Locations: Stillwater

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