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Related VideoIn his opening statement at the trial, Biden's lawyer Abbe Lowell urged jurors in the Wilmington, Delaware, federal court to acquit his client. "They know how to put on a tight gun case." Biden's trial was not necessarily a lost cause. Hunter Biden's lawyers have argued this arrangement has perversely allowed Weiss to politicize the proceedings unchecked. This story was updated following the jury verdict in Hunter Biden's gun trial.
Persons: , Hunter Biden, Biden, Abbe Lowell, Prosecutors, Sarah Krissoff, didn't, Maryellen Noreika, Donald Trump, Lowell, Jared Kushner, Sen, Robert Menendez, John Edwards —, Joe Biden, ROBERTO SCHMIDT, David Weiss, General Merrick Garland, Weiss, Hunter Biden's, Noreika, Trump, Republicans gloated, Hallie Biden, Cozen O'Connor, Duncan Levin, Levin, He's, Krissoff, Evelyn Hockstein, Neama Rahmani, Rahmani Organizations: Service, Business, Alcohol, Tobacco, Firearms, Explosives, AFP, Getty, Trump, Justice, Republicans, Biden's, US, BI, Republican, U.S, U.S . Department of Justice, Hill, REUTERS, Justice Department, West, Creative Locations: Wilmington , Delaware, Manhattan, Delaware, California, New York, Texas
The worker worked for Circle K and Parker's Kitchen, a South Carolina-based chain of convenience stores and gas stations, by claiming shifts through Shiftsmart. I am homeless, and gig work is pretty much the only thing that kept me above water. I would go to Circle K and work as a cleaner and merchandiser. I realized that, at the pay rate Shiftsmart and Circle K were offering, it was putting me further into a hole financially. I don't know the exact numbers, but Shiftsmart has to be getting paid by Circle K whenever someone takes a shift.
Persons: , I'm, Shiftsmart, they're Organizations: Service, Shiftsmart, Google, USPS, Business, Circle Locations: South Carolina
I started working two jobs while I was finishing my sociology and business major in college in 2021. My marketing job was flexible, so I could do my college work during my lunch breaks or quiet periods. I kept up my 2 jobs after collegeIt felt natural to continue working two jobs after graduating from college in 2022. I kept up my customer service job, working 65 hours over two weeks. If you work two full-time jobs and would like to share your story, email Ella Hopkins at ehopkins@businessinsider.com.
Persons: , Jane, I'd, I'm, I've, Ella Hopkins Organizations: Service, Business, FIRE Locations: Canada, ehopkins@businessinsider.com
President Joe Biden's administration on Friday finalized tighter fuel economy rules for trucks and sport utility vehicles through 2031 that are not as stringent as it first proposed, a federal agency said. Last year, NHTSA said its proposal to hike fuel economy standards through 2032 would cost the industry $14 billion in projected fines. In June 2023, Reuters first reported Stellantis and GM paid a total of $363 million in CAFE fines for failing to meet U.S. fuel economy requirements for prior model years. NHTSA said the rule will hike fuel economy to about 50.4 miles per gallon by 2031 from 29.1 mpg currently. "Those fines wouldn't have produced any environmental benefits or additional fuel economy and would've foolishly diverted automaker capital away from the massive investments required by the electric vehicle transition," Bozzella said.
Persons: Joe Biden's, Biden, John Bozzella, Bozzella, Dan Becker Organizations: Traffic Safety Administration, Detroit, NHTSA, General Motors, Chrysler, Ford Motor, Reuters, Alliance for Automotive Innovation, Center, Transport
"They know how to put on a tight gun case." Biden's trial is not necessarily a lost cause. This arrangement has perversely allowed Weiss to politicize the proceedings unchecked, Hunter Biden's lawyers argued. There's no evidence that Biden even loaded or used the gun before his brother's widow, Hallie Biden, threw it out. "Obviously, the conduct that the government ought to be addressing is whether somebody is on drugs and high while they're shooting a gun," Levin said.
Persons: , Hunter Biden, Abbe Lowell, Prosecutors, Biden, Sarah Krissoff, didn't, Maryellen Noreika, Donald Trump, Lowell, Jared Kushner, Sens, Robert Menendez, John Edwards —, Joe Biden, ROBERTO SCHMIDT, David Weiss, General Merrick Garland, Weiss, Hunter, Noreika, Trump, Republicans gloated, Hallie Biden, Cozen O'Connor, Hunter Biden's, Duncan Levin, Levin, He's, Krissoff, Evelyn Hockstein, Neama Rahmani, Rahmani, there's Organizations: Service, Business, Alcohol, Tobacco, Firearms, Explosives, AFP, Getty, Republicans, US Justice Department, Republican, U.S, U.S . Department of Justice, Hill, REUTERS, Justice Department, West, Creative Locations: Wilmington , Delaware, Manhattan, Delaware, California, New York, Texas
My landlord lives in a house right up the hill from me, so when I need him, I can call him, and he's right there. I'm glad I'm not doing that anymore, but I'm really glad I had that opportunity. AdvertisementRenting is also a smarter financial decision right now, with how high interest rates are. I don't think I'll rent foreverMy finances now are different than they were when I was 22. Renting really fits the current season of my life, but I don't think this is the choice I'll make forever.
Persons: , Tori Dunlap, I've, I'm, Homeownership, That's, it's, Jane Zhang Organizations: Service, Business, PMI Locations: Seattle, North Seattle, janezhang@businessinsider.com
AdvertisementI didn't work in tech when I lived in the Bay Area, but I do nowIn the Bay Area, I worked in marketing and graphic design and did off-and-on work in café management and the brewing industry. The Bay Area didn't fit into his free-spirit mentality, and he also needed a change. In the Bay Area, there was no getting into a job like this "by accident" for me. Moving out of the Bay Area felt like someone turned all the heat off before I boiled to deathWhen I left the Bay Area, I received the type of inner peace I never thought possible. Even people who stayed there feel the same way, they no longer live in that Bay Area, either.
Persons: , Agata Pona, It's, we'd, would've, didn't, couldn't, joggers, Manseen Logan Organizations: Service, SUSO Digital, San Francisco Bay Area, Business, Whole Foods, Poland —, Stanford, Big Tech, Salvadoran Locations: Area, Poland, San Francisco Bay, Poznań, Silicon Valley, California, Portland , Arizona, Texas, Bay, mlogan@businessinsider.com
Jordison, who worked as a school librarian and preschool teacher before retiring, said that when her daughters got married in the aughts, they opted to pay for all the bridesmaids' expenses. Related storiesFor her first daughter's wedding, Jordison said she knew they wanted to cover the bridesmaid expenses. She said for her first daughter's wedding they were able to have 400 guests, but opted not to do a sit-down dinner and didn't have any wedding favors. AdvertisementJordison said covering the bridesmaids' expenses was well worth it. They also say there are some costs bridesmaids expect to pay, like for their dress, while others should be optional or covered by the bride, like hair and makeup.
Persons: , Jean Jordison's, Jordison, we're Organizations: Service, Business Locations: Iowa City , Iowa, bridesmaids
Read previewA study found that OpenAI's GPT-4 could perform financial statement analysis and, in some cases, predict a company's future performance better than a human analyst. The analysis didn't include text typically accompanied in quarterly earnings reports, such as the Management Discussion and Analysis (MD&A) section, the study said. AdvertisementWith the data, Muhn told Business Insider that he and his colleagues could grade how financial analysts performed in their forecasts. For example, the study found that analysts achieved a 53% accuracy in one-month forecasts of the direction of future earnings. So, the multibillion-dollar question: Can LLMs replace human financial analysts?
Persons: , Alex Kim, Maximilian Muhn, Valeri Nikolaev —, Muhn, GPT, Kim Organizations: Service, University of Chicago Booth School, Business, Apple, BI
The Irish culture and people are unmatchedThe drinking culture in Ireland can be enjoyable. But, part of what makes the drinking and eating culture so vibrant in Ireland is the quality of the food and drink here. Plus, it's cheaper for me to shop for fresh produce in Ireland than it ever was in the US. At University College Dublin (UCD), I paid about €72,000, or about $78,000, for all four years of school and received a bachelor's degree in English. AdvertisementI wouldn't trade my decision to study at UCD for anything in the world regardless of how expensive living in Ireland is.
Persons: , I'd, Life's, Isabella Ambrosio The, I've, Isabella Ambrosio Ireland, There's, James Joyce, Roddy Doyle, Mary Lavin Organizations: Service, Business, Dublin, New York University, At University College Dublin, UCD, The United Locations: Chicago, Dublin, Ireland, The United States
Read previewFormer President Donald Trump's historic conviction on Thursday may have been in part due to mistakes made by his defense team, including not having him take the stand, legal experts told Business Insider. Though the conclusion of the case was significant, three legal experts told BI the verdict wasn't a major shock. AdvertisementHe pointed to opening statements made by Trump's lawyer, Todd Blanche, that Rahmani thought suggested an accountant would testify and serve as a fall guy. AdvertisementNot long before resting their case, the defense told the judge they were still weighing having Trump testify. Some legal experts previous said testifying would not be a good idea for Trump, with concerns that he could end up committing perjury.
Persons: , Donald Trump's, Trump, Stormy Daniels, Alex Reinert, Eric Anderson, Sullivan Wright Gizer, McRae, Donald Trump, Daniels, Neama, Todd Blanche, Michael Cohen, Trump's, Rahmani, David Pecker, Anderson, Cohen, hadn't, It's, Merchan, Biden Organizations: Service, New, Business, Cardozo School of Law, McRae LLP, West, Trial, National Enquirer, Trump Locations: New York
Read previewKlarna's CEO seemingly touched a nerve on social media with a post about how the company saved millions by using AI to cut costs and do the marketing work human employees previously did. "Our in-house marketing team is HALF the size it was last year but is producing MORE!" AdvertisementHe also wondered aloud at the impact AI will have on creative industries and those working in marketing. Advertisement"If you still had a bigger marketing team, they probably would've advised you not to post this," one person said. "Flexing that you fired half of your marketing team is just really bad," another added, alongside a clown emoji.
Persons: , Sebastian Siemiatkowski, OpenAI's DALL, Siemiatkowski, would've, Klarna, ioAhxkNS8I — Sebastian Siemiatkowski, David Sandstrom Organizations: Service, Business, Wall
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJerry Seinfeld doesn't care that "Unfrosted," his directorial debut, got terrible reviews. I think it's funny that you hated it because you wanted to laugh and you didn't laugh." "Unfrosted" follows a handful of successful recent movies about the creation of popular products, including "Steve Jobs," "The Social Network," and "Tetris." Even though it failed to make waves, Netflix didn't lose as much money on "Unfrosted" as it could have.
Persons: , Jerry Seinfeld, Bob Cabana, Melissa McCarthy, Hugh Grant, James Marsden, Bari Weiss, Seinfeld, he's, Steve Jobs, Mattel, Netflix didn't, would've, Glen Powell, Tom Cruise Organizations: Service, Rotten, Business, Social Network, Netflix Locations: California
However, investors can boost their performance when accounting for reinvesting dividends. The stock has a dividend yield of 4.2%, which is just a snapshot of how much it pays currently. The stock has a dividend yield of 3.1%. If you're a long-term investor, you're dollar-cost averaging," she said. Names on her radar these days include Amgen , which is yielding about 3%, and Southern Copper , which has a dividend yield of 3.2%.
Persons: Goldman Sachs, Dow, it's, Kim Abmeyer, Abmeyer, — CNBC's Chris Hayes Organizations: Dow Jones, UnitedHealth, Microsoft, Abmeyer Wealth Management, Dow, CNBC Pro, Chevron, Pfizer Locations: Wednesday's, Dallas, Chevron
Biden's team announced that its political operation, which includes the Democratic National Committee, raised $51 million in the same period. A guilty verdict is a "non-issue," said David Tamasi, a Republican fundraiser and a managing director at lobbying firm Chartwell Strategy Group. Tamasi raised money for Trump's 2020 campaign and for former New Jersey Governor Chris Christie's failed primary run against Trump last year. All of them are going back to help raise money for Trump, in spite of the guilty verdict. After not backing any of the Republican primary contenders, Schwarzman announced that he will support Trump's White House bid.
Persons: Trump, megadonors, Joe Biden, Andy Sabin, Donald Trump, Biden's, Republican megadonors, Ray Washburne, Washburne, Omeed Malik, Malik, David Tamasi, would've, he's, Tamasi, Chris Christie's, he'd, Jan, Blackstone, Steve Schwarzman, Schwarzman, Trump's, Axios, Michael Cohen Organizations: Republican, CNBC, Trump, Republican megadonors, RNC, Democratic National Committee, America, Republican National Committee, Chartwell, New, GOP Locations: Trump's, New York, Republican megadonors . Texas, Dallas, U.S, Mexico, Ukraine, Gaza, New Jersey, Trump's New York
I always wanted to work in Big Tech, and when I graduated from college, I made it happen. Working in Big Tech has lots of perksI loved learning how each of these big companies operated. Related storiesI realized I was just making big companies more money. The people around me would only talk about other tech companies and tech advancements and only hang out with other tech workers. Since leaving Big Tech, I feel like a new personI'm so much happier now.
Persons: , Jean Kang, who's, It's, Pinterest, overdeliver, I'm, I'd, hustles, I've, would've Organizations: Service, Meta, Intuit, LinkedIn, Big Tech, Business, Big Locations: San Francisco, Big, Big Tech, Japan, Korea
I always wanted to work in Big Tech, and when I graduated from college, I made it happen. Working in Big Tech has lots of perksI loved learning how each of these big companies operated. Related storiesI realized I was just making big companies more money. The people around me would only talk about other tech companies and tech advancements and only hang out with other tech workers. Since leaving Big Tech, I feel like a new personI'm so much happier now.
Persons: , Jean Kang, who's, It's, Pinterest, overdeliver, I'm, I'd, hustles, I've, would've Organizations: Service, Meta, Intuit, LinkedIn, Big Tech, Business, Big Locations: San Francisco, Big, Big Tech, Japan, Korea
In a recent interview, he spoke about the situations he finds particularly difficult. But, in a recent interview, he said he even enjoys pushing himself to the extreme. Jimmy Donaldson, better known as MrBeast, is the biggest YouTube creator in the world with 262 million subscribers. "Weirdly, I get enjoyment out of going to the point of misery and then pushing through it and finishing," he said. '"Most people can't do that because I think we had petabytes worth of footage," Donaldson said.
Persons: doesn't, , he's, Jimmy Donaldson, Donaldson, Youshaei, I've Organizations: Service, YouTube, Business
My family of three recently paid $650 for upgraded tickets to Universal Studios Japan in Osaka. Tickets to Universal parks in the US can cost twice as much, so it was a great value. AdvertisementAs a longtime Florida resident, I've been to Universal Studios Orlando many times. So, on a recent trip to Japan, my family decided to explore the Universal theme park in Osaka. The best way to do that was splurging on early entry park tickets and express line passes for all of us.
Persons: , I've Organizations: Universal Studios Japan, Universal, Service, Universal Studios Orlando, Business Locations: Osaka, Florida, Japan
Dollar firm ahead of global inflation data
  + stars: | 2024-05-27 | by ( ) www.cnbc.com   time to read: +4 min
The dollar made a steady start to the week, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. The euro , which gained 0.9% on the dollar last week, was in the middle of a range it has held for more than a year at $1.0846. German inflation on Wednesday and euro zone readings on Friday will be watched for confirmation of a European rate cut that traders have priced for next week. The dollar had fallen back after data showed a slowdown in consumer price rises in April and disappointing retail sales, before strengthening last week thanks to better-than-expected PMI survey data. China's yuan finished last week weaker than 7.24 per dollar, its lowest level since early May.
Persons: Sterling, Bob Savage, BNY, China's, Scott Gold, would've, Justin D'Anethan Organizations: New, U.S, Federal, Swiss, Tokyo CPI Locations: Britain, United States, U.S, Asia, New York
This was my first night in the country, and it was also my very first tasting menu. He said 90% of the restaurant's ingredients are locally sourced, which means the menu changes throughout the year to highlight peak produce. The tasting menu was a great way to solve this dilemma. Plus, a tasting menu took the stress out of ordering. I'll admit that not every course on Intimo's tasting menu catered to my preferences; next time, I'll order the bass in Caribbean curry over the guacho.
Persons: , I've, Restaurante, Monica Humphries, Carlos, Chombolín, Intimo, Alba, it's Organizations: Service, Business, ceviche Locations: Panama City, Tokyo, Panama, Alba, leche de tigre, Peruvian, Boquete, Panamanian, Caribbean
The North American Pet Health Insurance Association found that pet owners in the US paid $3.9 billion in premiums in 2023, a 22% increase from the year before. One thing is for sure: As the industry grows, pet insurance is becoming as confusing and messy as health insurance is for humans. Pet insurance isn't technically even health insurance; it falls in the property-and-casualty category. AdvertisementThe big problem with pet insurance is it's just an expensive productThere are three categories of pet insurance: accident only; accident and illness; and accident, illness, and wellness. Advertisement"It's important that pet owners understand the scope of what their pet insurance does and does not cover, so they're not caught off guard by unexpected payments," he said.
Persons: Gina Papini, Kato, Papini, That's, they've, Kevin Brasler, that's, Dan, Michael San Filippo, they're, Doug Kenney, Kenney, It's, Brasler, she's, Emily Stewart Organizations: American Pet Products Association, Pet Health Insurance Association, American Veterinary Medical Association, Rover, Consumers, Business Locations: reimbursing, Mexico
Port Canaveral announced new plans to build a seventh cruise terminal by 2026. But Port Canaveral is running out of space as demand for these vacation voyages continues to skyrocket. When complete, it could accommodate the world's largest cruise ships, including Royal Caribbean's new 1,198-foot-long, 9,950-person-capacity Icon of the Seas. The project would've taken three to four years to complete — too long a timeline for Port Canaveral. "We can't shut down operations at Port Canaveral because the state can't get the road infrastructure in a timely manner," he added.
Persons: , John Murray, Murray, Royal Caribbean's, Brittany Chang, Ross Klein, UCG, Jamie Glasner, Glasner Organizations: Canaveral, Infrastructure, Service, Disney, Sunshine State, Port Canaveral, Canaveral Port, Royal, Business, MSC Group, Disney Cruise, Memorial University of Newfoundland, Glasner, US Customs, Border Protection, Florida Department Locations: Florida, Miami, Canaveral, Port Canaveral, Port, Caribbean
While known for sizeable pullbacks in the past, the upward trajectory of Nvidia's stock last year and this year cannot be denied. We've been in Nvidia stock since 2019, years before the AI revolution was sparked by ChatGPT's viral moment shortly after its late 2022 launch. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. With that, let's think about Nvidia stock from the perspective of a long-term investor— and that's the key consideration, the investment horizon. At the beginning of the year, Nvidia stock traded at $481 per share on a $20.80 forward earnings estimate or a forward P/E multiple of 23 times.
Persons: We've, Jim, , Jensen Huang, Leonardo da Vinci, Jim —, it's, It's, you've, Nvidia's, Colette Kress, Tesla, Kress, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Nvidia, Club, Apple, Enterprise, Devices, Intel, Investing, GE, NVIDIA, CNBC, SAP Center, Afp, Getty Locations: San Jose , California
The amphibious assault ship, currently docked in New York City for Fleet Week 2024, will undergo work to carry F-35B Lightning II fighter jets. The upgrade will be "game-changer" for the capabilities and future operations of the ship, a senior officer said. AdvertisementAn F-35B Lightning II fighter aircraft sits on the flight deck of the Wasp-class amphibious assault ship USS Essex. Ken Kalemkarian/releasedThe idea of a lightning carrier has roots in the "Harrier carrier" concept, which the Bataan notably employed in Iraq in 2003. Two U.S. Air Force F-35A Lightning II aircraft operate alongside amphibious assault ship USS Bataan (LHD 5) and guided-missile destroyer USS Thomas Hudner (DDG 116) in the Gulf of Oman, Aug. 17, 2023.
Persons: , it'll, Gerald R, Ford, Trace, Chandler Harrell, Brian Cavanaugh, Cpl, Ken Kalemkarian, Thomas Hudner, Cavanaugh, Lockheed Martin Organizations: Service, Bataan, Fleet, Business, US Navy, Marine Forces Command, US Navy Nimitz, Attack Squadron, Marine Corps Air, U.S . Air Force, US, USS, Lockheed Locations: New York City, Bataan, Essex, Yuma, Ariz, Iraq, China, Australia, Japan, South Korea, Gulf of Oman, USS America
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