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Murdoch and his eldest children descended on a Reno courthouse to appear for evidentiary hearings in a secret trial to determine whether the 93-year-old can alter the family trust that he established decades ago, giving his four oldest children equal votes over the future of his conservative media empire after he dies. Murdoch wants to amend the trust so that his eldest son and chosen successor, Lachlan, will remain in charge for decades to come. But the three other Murdoch children — James, Elisabeth and Prudence — oppose the change, and have challenged it in court. In the coming days or weeks, a probate commissioner will issue a report and recommendation on whether Murdoch can change the family trust, according to Elyse Tyrell, an attorney in Las Vegas who specializes in trusts and estates. Each party will then have 10 days to object to his report and recommendation, Tyrell said.
Persons: Rupert Murdoch’s, Murdoch, Lachlan, James, Elisabeth, Prudence —, Elyse Tyrell, Tyrell, ” Tyrell, , Organizations: New, New York CNN, Fox News, The New York Times, Wall Street, Fox, Street, New York Post, CNN, Nevada Supreme Locations: New York, Reno, Las Vegas, Nevada, Australia, American
Why oil prices have plunged 3% today
  + stars: | 2024-09-26 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +3 min
Saudi Arabia is committed to boosting oil output in December, the FT reported. The kingdom is resigning itself to a period a lower prices, sources told the FT.Oil markets spiraled on the news, falling as much as 4% on Thursday. AdvertisementA report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday. In essence, the kingdom is giving in to lower prices, FT sources said. The eastern-based faction has committed to reopening the country's oil fields in response, a move that could bring more crude output back online.
Persons: , Brent Organizations: FT ., Service, Financial Times, West Texas Intermediate, Saudi, Bloomberg Locations: Saudi Arabia, Riyadh, Iraq, Kazakhstan, China, Libya
David Tepper is growing even more bullish on Chinese stocks amid the nation's new fiscal stimulus measures. Tepper views China's stock market as more attractive than the US stock market due to valuation differences. AdvertisementIt's a buy "everything" moment for Chinese stocks after the country launched a fiscal stimulus bazooka this week, according to billionaire investor David Tepper. But Tepper believes Chinese stocks have plenty of room to run higher, even after the recent surges. On US markets, Tepper said he is not following his buy "everything" mantra with Chinese stocks and is being more selective in buying US stocks.
Persons: David Tepper, Tepper, , Pan Gongsheng, Donald Trump, he's Organizations: Service, CNBC, Fed, Federal, People's Bank of China, PDD Holdings, Tencent Holdings, Management, Wynn Resorts, Vegas Sands, Baidu, China Internet Locations: China, Vegas
Sutskever announced his departure from OpenAI in May and launched his own AI startup focused on safety. Of the 11 cofounders of OpenAI from 2015, only Altman, Brockman (who, again, is on leave), and Wojciech Zaremba remain. Daniel Kokotajlo and William Saunders, who previously worked on OpenAI's governance and safety teams, respectively, left OpenAI in the first half of 2023. AdvertisementAdditionally, OpenAI cofounder John Schulman left in August to join OpenAI rival Anthropic — where Leike also landed. On Wednesday, Meta announced that Meta AI is on track to be "the most used AI assistant in the world."
Persons: , Mira Murati, Sam Altman, There's, OpenAI, Airbnb, KugtVv9o6N, Matt Turck, Altman, Murati, Ilya Sutskever, Greg Brockman, Brockman, Sutskever, Sam, Madeline, PnRxZSbGgx — sophie, Bob McGrew, Barret Zoph, Sarah Friar, Jakub Pachocki, Brad Lightcap, Kevin Weil, Wojciech Zaremba, Elon Musk, Musk, Jan Leike, Daniel Kokotajlo, William Saunders, John Schulman, Anthropic, Leike, Andrej Karpathy, Kokotajlo, Fortune Organizations: Service, Bloomberg, Business, Wired, OpenAI, , Microsoft, Meta, Apple, Nvidia, Reuters Locations: OpenAI, Slack,
Read previewSam Altman might be facing upheaval at OpenAI, but that isn't stopping him from discussing his grand plans for the company's next stage. 'Better everything'"The two trends I'm most excited about for the next couple of decades are abundant intelligence and abundant energy," Altman told the audience. The growth, the increase in quality of life we can have in the world — better sustainability, better education, better healthcare, better everything," he added. AdvertisementIt's not the first time Altman has talked up the glorious future that AI — and by extension, OpenAI — may usher in. AdvertisementAltman has previously called for massive investment in AI infrastructure, warning that making AI technology widespread would require "lots of energy and chips."
Persons: , Sam Altman, Altman, Mira Murati, Murati, John Elkann, cofounders Ilya Sutskever, John Schulman, Elon Musk, OpenAI, Altman's Organizations: Service, Italian Tech, Business, Google, Elon, Bloomberg, Energy Locations: OpenAI, Italy
The US is sending Ukraine the Joint Standoff Weapon, an air-launched glide bomb. The powerful munition will give Ukraine's F-16s a new long-range weapon. AdvertisementThe US is sending Ukraine long-range glide bombs for its F-16 fighter jets, giving it new strike options. President Joe Biden announced Thursday that he decided to provide Kyiv with the Joint Standoff Weapon to "enhance Ukraine's long-range strike capabilities" as part of a larger security assistance package. The AGM-154 Joint Standoff Weapon (JSOW) is an air-launched glide bomb with a range of more than 70 miles that has been in service since the late 1990s.
Persons: , Joe Biden Organizations: Service, US Air Force, US Navy, Business Locations: Ukraine, Russia
CNN —Former first lady Melania Trump reflected on her experience of the two assassination attempts on her husband’s life, including the moments she learned of both incidents, while again raising questions about the details of the July shooting at a campaign rally in Butler, Pennsylvania. Melania Trump also recounted to Fox News the moments she learned about both assassination attempts – from watching TV while in a different city from her husband. Because when you see him on the floor, and you don’t know, you don’t know what really happened,” she said, referring to the Butler shooting. “I think both of the events, they were really miracles, if you really think about it, the July 13 (incident) was a miracle. I think he’s – it’s almost like, the country really needs him.”The former first lady’s forthcoming memoir, titled “Melania,” is set to hit shelves in October, according to Skyhorse Publishing.
Persons: Melania Trump, , , Butler, Donald Trump, Corey Comperatore, Trump, CNN’s Eric Bradner, Piper Hudspeth Blackburn Organizations: CNN, Fox News, Service, Skyhorse Publishing, White Locations: Butler , Pennsylvania, Butler, New York City, West Palm Beach , Florida
I liked the idea of doing the same thing, but without the criminal intent: finding those problems and fixing them. This flashy example was made for entertainment, but it still showcased how real criminals use fake profiles, phishing websites, and malware to compromise a person or company. New scams are being developed every dayI see multiple new scams or cyber security problems every day. It's creating better-looking scams, while deepfakes, voice clones, and video filters make it easier to fool people into believing things on the internet. AdvertisementWe're seeing romance scams where scammers are using deepfake video filter tools to pretend to be celebrities, for instance.
Persons: , Laura Kankaala, I've, cybercriminals Organizations: Service, Business, LinkedIn Locations: Finnish, Finland
It's been a wild 24 hours at OpenAI. Meanwhile, CEO Sam Altman said Thursday the exec departures were unrelated to restructuring talks. AdvertisementIt's been a wild 24 hours at OpenAI, with three high-level execs leaving the company — including CTO Mira Murati — and reports it's restructuring as a for-profit benefit corporation. Speaking at Italian Tech Week Thursday, OpenAI CEO Sam Altman said the executive departures and restructuring talks were unrelated. "I obviously won't pretend it's natural for this one to be so abrupt, but we are not a normal company," he wrote.
Persons: It's, Sam Altman, , Mira Murati —, Sam Altman's, execs, Altman, Elon Musk, Gary Marcus —, Altman —, Sora hasn't, Marcus, Nicolas Miailhe, Miailhe, I've, it's, Mark Chen, Bob McGrew Organizations: Service, Italian Tech, OpenAI, Bloomberg, Reuters, Geometric Intelligence, Future Society Locations:
Jakub Porzycki | NurPhoto | Getty ImagesSwedish firm Klarna is partnering up with Dutch payments fintech Adyen to bring its popular buy now, pay later service into physical retail stores. Klarna will be included as an option across more than 450,000 Adyen payment terminals in brick-and-mortar locations as a result of the deal, according to the companies. Klarna's buy now, pay later, or BNPL, service allows users to spread the cost of their purchases over a period of interest-free installments. Earlier this year, Klarna sold Klarna Checkout, the company's online checkout solution for merchants. The recently elected U.K. Labour government is expected to set out plans for buy now, pay later regulation soon.
Persons: Jakub Porzycki, Klarna, David Sykes, Alexa von Bismarck, Adyen, Sebastian Siemiatkowski, BNPL, Tulip Siddiq Organizations: NurPhoto, Getty, Klarna, Adyen, EMEA, Alexa, CNBC, Labour, Conservative Locations: Amsterdam, Europe, North America, Australia, Swedish
BI broke down the pros, cons, and frequently asked questions about basic income. Universal basic income and guaranteed basic income could fill gaps in the existing US social safety net, experts said. A benefit of basic income is the element of choice, according to Shafeka Hashash, associate director of guaranteed income at the Economic Security Project. Private donors often fully or partially fund basic income programs, lessening the cost burden on local governments. US states with active basic income programs include California, Illinois, Colorado, New York, Georgia, Louisiana, and more.
Persons: , Melvin Carter, Paul, Shafeka Hashash, Hashash, It's, John Gillette, Oscar Wong, UBI, Andrew Yang, Howlette, hasn't, Michael Tubbs, Allan Baxter, What's, Sam Altman, Elon Musk Organizations: Service, Business, St, SDI, SNAP, Economic Security, Arizona, Rep, American, Orleans Mayor's, Youth, University of British Columbia, Alaska Permanent Fund, Tech Locations: Valley, America, Los Angeles and Illinois, Texas, Missouri, Arizona , Iowa, South Dakota, Orleans, Denver, Atlanta, Alaska, California , Illinois, Colorado , New York , Georgia, Louisiana, Canada, Brazil, China, Germany, India, Iran, Ireland, California, New Mexico, Oregon
The report didn't blow us away, but it still offered plenty of reminders on why Costco investors should stick around. Total revenue in its fiscal 2024 fourth quarter totaled $79.7 billion, missing analysts' expectations of $79.97 billion, according to estimates compiled by LSEG. Costco has succeeded for decades, but the high inflation of recent years has made the company's value-focused ethos really shine. Put it all together, we're increasing our price target on the stock to $950 a share from $875. In the quarter, Costco's membership renewal rate in the U.S. and Canada came in at 92.9%, a tick lower than the 93% rate observed in the third fiscal quarter, while worldwide held constant at 90.5%.
Persons: Gary Millerchip, Ron Vachris, Millerchip, it's, Kirkland, Costco's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Costco, LSEG, Wholesale, Walmart, Club, Amazon, Costco's, Kirkland, Kirkland Signature, Management, U.S, CNBC Locations: Costco's, Yemen, U.S, Canada, Maine, Richmond , California
CNN —Some types of sea robins, a peculiar bottom-dwelling ocean fish, use taste bud-covered legs to sense and dig up prey along the seafloor, according to new research. A species of sea robins called Prionotus carolinus studied by the researchers used their legs for walking, digging and sensing the seafloor. And the fish that lacked sensory capabilities and used their legs mainly for walking were striped sea robins, or Prionotus evolans. The digging sea robins had shovel-shaped legs that were covered in protrusions called papillae, which are similar to the taste buds on our tongues. Both researchers said they are keen to uncover the exact mechanisms behind the evolution of the sea robins’ sensory appendages.
Persons: David Kingsley, Kingsley, Rudy J, Daphne Donohue Munzer, ” Kingsley, “ I’d, Mike Jones, Amy Herbert, , ” Herbert, Herbert, Corey Allard, ’ ” Allard, Nick Bellono, ” Bellono, carolinus, ” Allard, Tbx3, Jason Ramsay, Ramsay, Anik, ” Ramsay Organizations: CNN, Marine Biological, Stanford University’s School of Medicine, Stanford, Harvard University, Rhode Island College, Harvard, University of Chicago Locations: Woods Hole , Massachusetts, Harvard, New England
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Altman could reportedly receive a 7% equity stake, which would be worth about $10.5 billion at OpenAI's new valuation. In March, The New York Times reported Murati raised concerns about Altman's leadership style to the board before the ouster. Barret Zoph, the company's vice president of research, and Bob McGrew, OpenAI's chief research officer, are also departing the startup, Altman announced on X . "I obviously won't pretend it's natural for this one to be so abrupt, but we are not a normal company," Altman wrote.
Persons: , Sam Altman, Altman, Mira Murati, Slack, Murati, Barret Zoph, Bob McGrew, Joel Saget, Jenny Chang, Rodriguez, Meta —, it's, Elon Musk's, OpenAI Organizations: Service, Business, Employees, The New York Times, Lakshmi, OpenAI's, Meta, Reuters, Anthropic Locations: OpenAI, Lakshmi Varanasi
Sometimes status at work is based on the "right" things, like having relevant skills or past experience. Note: Don't ask, "Do I have status here?" It's a vague-sounding question, and you might not get an honest answer because the person you're asking may think it's rude to say no. Your workplace has experienced a major joltSometimes you fail to get promoted because a jolt has disrupted the status hierarchy. If you've experienced a jolt at work: Don't shoot yourself in the foot.
Persons: New York University who's, I've, you've, doesn't, it's, Tessa West, Tessa Organizations: New York University, Twitter
Trader Joe's Fall Harvest salsa had an unusual sweetness that I didn't care forThe Fall Harvest salsa isn't the only seasonal dip Trader Joe's has for fall. Trader Joe's pumpkin-spice granola bark was thicker than I expectedTrader Joe's pumpkin-spice granola bark was thick. I used Trader Joe's pumpkin brioche to make a lovely French toastTrader Joe's pumpkin brioche is a unique fall take. Trader Joe's pumpkin 4-cheese Greek-yogurt dip had way too many competing flavorsI was not a fan of this Trader Joe's dip. Trader Joe's pumpkin pancake and waffle mix can elevate your fall breakfast gameTrader Joe's pumpkin pancake and waffle mix was incredible.
Persons: , I've, Joe's, Wilson, I'm, I'd, they're, Savanna, empanadas, Wilson I, hummus, Wilson I'm, it's, Joe, dente, you've Organizations: Service, Business, Wilson Apple, Pretzel Slims, Joe's Pretzel Slims, Wilson Locations: Savanna, globs, Swain, Monterey Jack, chiles, Brussels
Li-Chen Miller, the vice president of product in charge of Ray-Ban Meta glasses, told CNBC that when she travels, she uses the glasses to take photos of her hotel room door, and later, she asks Meta AI to recall the number. AI that speaksZuckerberg also introduced improvements to its Meta AI chatbot that will allow people to interact with it using their voice instead of written text. Users will now be able to have natural voice conversations with Meta AI, which is accessed through Meta apps like Messenger and Instagram. Users will be able to perform actions using their voice, such as telling Meta AI to take a photo by talking to their smartphone. The new Siri-like Meta AI voice feature will be available over the next month for U.S., Canadian, Australian and New Zealand users of WhatsApp, Instagram, Facebook and Messenger.
Persons: Meta, “ I’ve, ” Zuckerberg, Mark Zuckerberg, Apple hasn’t, Zuckerberg, won’t, EssilorLuxottica, Ban, Ray, Chen Miller, Judi Dench, John Cena, Keegan, Michael Key, Kristen Bell, Siri, OpenAI, ChatGPT Organizations: Labs, Meta, Apple, VR, Amazon Music, Amazon, Quest Pro, Orion, Facebook, CNBC, IDC Locations: Menlo Park , California, Oculus, New Zealand
White phosphorus is a waxy substance that ignites instantly when exposed to oxygen. During 20th century conflicts, including World War II and Vietnam, the U.S. used white phosphorus against enemy troops. The Pentagon recommendation was to provide white phosphorus artillery shells to Ukraine to produce light and smoke, not for use against enemy troops. White phosphorus munitions are not illegal and white phosphorus is not classified as a chemical weapon under the Chemical Weapons Convention. The Palestinian Foreign Ministry asserts that Israel used phosphorus bombs in its attacks on populated areas in Gaza City on Oct. 11, 2023.
Persons: Biden, Volodymyr Zelenskyy, ” Zelenskyy, Ali Jadallah Organizations: Pentagon, White, Chemical, Convention, Presidential, White House National Security Council, NATO, Hamas, Palestinian Foreign Ministry, Getty, Ukraine Security Assistance Initiative Locations: Ukraine, Vietnam, U.S, Russia, , Israel, Gaza City, Anadolu
The speech will tie together various themes of the Harris campaign, including her own biography and how it defines her economic vision. Harris plans to describe her economic vision as “pragmatic” and not “bound by ideology,” the official said. Not those who mop the floors,” Harris plans to say. “I’m going to be giving a speech this week that is really to outline my vision for the economy,” Harris told reporters Sunday. “According to our recent polling, Black voters’ economic priorities include reducing costs and increasing wealth.
Persons: Kamala Harris, Donald Trump’s, Harris, , Trump, Donald Trump, ” Harris, Joe Biden, It’s, “ I’m, you’ve, I’ve, , ” Terrance Woodbury Organizations: PITTSBURGH, Democratic, NBC News, NBC, Biden, HIT, Black Locations: Pennsylvania, Michigan, Wisconsin, Nevada, Pittsburgh
Read previewScientists are one step closer to solving the mystery of humanity's last great extinction: why the Neanderthals died off. AdvertisementThis explained why Thorin's DNA seemed so much more ancient than his bones. His DNA resembles Neanderthals who lived over 100,000 years ago, but Thorin was 50,000 years younger, according to the recent study. Related storiesThat means, people within the community reproduced amongst themselves for more than 50,000 years, spawning a unique lineage distinct from other Neanderthal groups, according to the researchers. "We have this incredible extinction, which is the last great extinction of humanity," Slimak said.
Persons: , Ludovic Slimak, MATTHIEU RONDEL, Thorin, Slimak, Bill O'Leary, Thorins, Nikola Solic, Nowell Organizations: Service, Business, Cell Genomics, Smithsonian Museum, Washington, Getty, Reuters, University of Victoria Locations: France, Thorin's, Massif, Krapina, Croatia
However, finding the right makeup artist for your personal style and needs can be challenging. That's why it helps to know what to look out for when working with a makeup artist. For this reason, makeup artists should have a collection of single-use application tools, including lip and mascara wands, powder puffs, and sponges. Beware of makeup artists who aren't responsive or communicativeMcGinley warned against working with makeup artists who aren't punctual with their responses leading up to your services. A makeup artist should never ask the client to bring their own makeupMakeup artists should come prepared with a professional kit.
Persons: , Alyssa McGinley, " McGinley, Vasil Dimitrov, McGinley, Jazmin Sykes, Sykes, Vieriu Adrian, isn't, it's Organizations: Service, Business, Hollywood Locations: an Arizona
The Federal Trade Commission on Wednesday announced a crackdown on what the regulator called "deceptive AI claims and schemes" by three business opportunity ventures and two companies, including the legal services firm DoNotPay. "Using AI tools to trick, mislead, or defraud people is illegal," FTC Chair Lina Khan said in a statement. "The FTC's enforcement actions make clear that there is no AI exemption from the laws on the book," Khan said. In a complaint, the FTC said that DoNotPay, which touted its AI service as "the world's first robot lawyer," failed to live up to that claim. "Since about 2023, Defendants' deceptive sales pitch has said their business model is powered by artificial intelligence ("AI")," the suit says.
Persons: Lina Khan, Khan, DoNotPay, William Basta, Kenneth Leung Organizations: Financial Services, General Government, Federal Trade Commission, Wednesday, FTC Locations: Rayburn, CapVentures, Los Angeles
Learn moreThe Indiana Fever will make a last attempt to stay in the WNBA Playoffs in tonight's game against the Connecticut Sun. Below, we've put together everything you need to know about tuning in, including how to watch the Indiana Fever vs. Connecticut Sun, when the game tips off, and ways to tune in from anywhere. Whether you're rooting for the Connecticut Sun or the Indiana Fever, we'll make sure you can tune in. How to watch Indiana Fever vs. Connecticut Sun in the USThe Indiana Fever vs. Connecticut Sun game will air on Wednesday on ESPN in the US. Check price at ExpressVPNHow to watch Indiana Fever vs. Connecticut Sun with a VPNSign up for a VPN if you don't already have one.
Persons: we've, Tyasha Harris, Mabrey, Caitlin Clark, Kelsey Mitchell, they'll, you'll, ExpressVPN Organizations: Business, Indiana Fever, WNBA, Connecticut Sun, Connecticut, Indiana, ESPN, Sling, DirecTV, ESPN2, ESPN3, DirecTV Stream Locations: Connecticut, Indiana
An An and Ke Ke, both five years old, are expected to land shortly after noon at Hong Kong International Airport, where they will be greeted with a welcoming ceremony. Ke Ke the panda in Chengdu, Sichuan province, China. Ke Ke is one of two two giant pandas due to arrive in Hong Kong. An An and Ke Ke arrive from a breeding center in mainland China’s Sichuan province. Ying Ying made headlines in August by giving birth to twins, making her the oldest known first-time panda mother.
Persons: Ke Ke, Ke, acclimatize, John Lee, Le, Ying Ying, , , ” Lee, Hong, hub’s, Kevin Yeung, Organizations: CNN, Communist Party, Hong Kong International Airport, Ocean, Elite, Staff, RTHK, China Daily, Reuters, city’s, Le Le, Hong, People’s Locations: Hong Kong, Chengdu, Sichuan province, China, Ocean, Sichuan, Hong, Beijing, People’s Republic of China
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA former Twitter employee's victory in a legal dispute over unpaid severance could prompt more ex-staff to pursue cases against the social media company, legal experts have said. AdvertisementThe ex-Twitter worker's win is the first of what experts say could lead to many more similar resolutions. X and Musk are also facing a lawsuit over severance terms from 100 former Twitter workers who were fired in 2022. Related storiesBloom said they are still aggressively pursuing their cases and have scheduled individual arbitration hearings for each of the clients.
Persons: , Elon, Elon Musk, Shannon Liss, Riordan, Jamie E, Wright, Russel Morgan, Morgan, Lisa Bloom, Musk, Bloom, Gary Rooney, Rooney, Liss Organizations: Service, Twitter, Bloomberg, Business, Elon, The Wright Law, Morgan Legal, Northern District of, Workplace Relations Locations: Elon Musk's, Northern District, Northern District of California
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