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☆ As Twitter continues to implode, advertisers pin their hopes on Threads
▼ + stars: | 2023-07-12 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +8 min

Advertisers are eagerly watching how Meta's new Threads messaging app develops over the next few months as they look for a new social channel to reach consumers while Twitter continues to struggle. Meta is currently more focused on building the core Threads product as opposed to monetizing the app, Instagram head Adam Mosseri has said in various interviews and a post on Threads. "It's the most instant onboarding experience I've ever experienced in the history of my career, and my entire career has been in social," Tipograph said. Although it was easy for current Instagram users to create Threads accounts, he said, it's unclear how active they will be on the service. Since Threads is so new, it's unclear which kind of audience Threads is attracting, Tipograph said.

Persons: Natasha Blumenkron, Elon Musk, Blumenkron, Adam Mosseri, Mosseri, Rachel Tipograph, MikMak, Linda Yaccarino, Tipograph, It's, I've, Tal Jacobson, Jacobson, Instagram's Mosseri, Brian Wieser, Wieser, Angelo Carusone, Instagram, Carusone, Musk, Nick Fuentes, antisemite, isn't Organizations: Twitter, CNBC, Tesla, Meta, Perion, Companies, Media Matters, America, Media, Free Press, Tech, Facebook Locations: Instagram

☆ A Subway in Georgia removed a sign that appeared to mock the Titan submersible disaster, joking that its 'subs don't implode'
▼ + stars: | 2023-07-04 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

A Subway store in Georgia had to remove a roadside sign that said "our subs dont implode." Subway said it had told the franchisee "that this kind of comment has no place in our business." Subway didn't immediately respond to Insider's request for comment, made outside of normal working hours. During a trip to view the wreck of the Titanic on June 18, the Titan, the submersible, lost communication with its mothership. Though some commenters on Twitter and Reddit said they found the Subway sign funny, others slammed it as being insensitive.

Persons: —, –, Reddit Organizations: Service, Subway, Fox News, US Coast Guard, Twitter Locations: Georgia, Savannah , Georgia

☆ Titanic submersible: A robot is combing the sea floor for debris from the implosion as a multinational investigation begins
▼ + stars: | 2023-06-26 | by ( Nouran Salahieh Samantha Beech | Nouran Salahieh | Samantha Beech | ) edition.cnn.com time to read: +8 min

The US Coast Guard has convened a Marine Board of Investigation to probe the implosion – the “highest level of investigation the Coast Guard conducts,” US Coast Guard chief investigator Capt. Military experts found debris from the ill-fated submersible about 1,600 feet from the bow of the Titanic on Thursday, the US Coast Guard previously said. “This case has been extremely complex, involving a coordinated international, interagency and private sector response in an unforgiving and difficult to access region of the ocean,” US Coast Guard Rear Adm. John Mauger, the First Coast Guard District commander, said Sunday. The Coast Guard announced the vessel suffered a “catastrophic implosion,” killing everyone on board. Pelagic's remotely operated vehicle Odysseus 6 is lifted out of the ocean after searching for debris from the Titan submersible on June 22, 2023.

Persons: Jason Neubauer, ” Neubauer, “, ” Kathy Fox, Kent Osmond, John Mauger, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Suleman, Odysseus, Neubauer, Paul Hankins, Jeff Mahoney, Mahoney, Rush, ” Rachel Lance, ”, Karl Stanley, ” Stanley, OceanGate, Guillermo Sohnlein, ” Sohnlein Organizations: CNN, US Coast Guard, Marine Board, Investigation, Coast Guard, Authorities, Prince, Transportation, Board of Canada, Royal Canadian Mounted Police, RCMP, Polar Prince, US, Guard, First Coast Guard District, OceanGate Expeditions, Stockton Rush, Titan, Research, Research Services, Salvage Operations, Ocean Engineering, Deep Energy, US Navy, Navy, Duke University, Rush Locations: Canada, St, John’s, British, French, Bahamas

☆ The Ultra-Secret Underwater Spy System That Might Have Heard the Titan Implode
▼ + stars: | 2023-06-25 | by ( Dustin Volz | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/titanic-titan-implosion-secret-military-technology-8c020e7b

Persons: Dow Jones

☆ U.S. Coast Guard will lead investigation of Titan implosion with help from Canada, France, UK
▼ + stars: | 2023-06-25 | by ( ) www.cnbc.com time to read: +7 min

The convening of a Marine Board of Investigation is the highest level of investigation conducted by the U.S. Coast Guard, Neubauer said. Investigators are working closely with other national and international investigative authorities, including the U.S. National Transportation Safety Board, the Transportation Safety Board of Canada, the French marine casualties investigation board and the United Kingdom Marine Accident Investigation Branch, Neubauer added. The Coast Guard board can make recommendations to prosecutors to pursue civil or criminal sanctions as necessary. The Coast Guard led the initial search and rescue mission, a massive international effort that likely cost millions of dollars. "The Coast Guard doesn't charge for search and rescue nor do we associate a cost with human life," said Rear Adm. John Mauger, of the Coast Guard First District.

Persons: Jason Neubauer, Neubauer, Kathy Fox, Fox, John Mauger, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet Organizations: . Coast Guard, Coast Guard Air Station Elizabeth, Coast Guard Air Station Elizabeth City , North Carolina, HC, U.S . Coast Guard, Titan, Marine Board, Investigation, U.S . National Transportation Safety Board, Transportation, Board of Canada, United Kingdom Marine, Coast Guard, U.S . Navy, Navy, Associated Press, Board, Canada, Authorities, Canadian Transportation, Royal Canadian Mounted Police, OceanGate Expeditions, U.S, Stockton Rush, Rescuers Locations: Coast Guard Air Station Elizabeth City , North, Cape Cod, U.S, St, John's, Newfoundland, Atlantic, Prince, Canada, Canadian, Bahamas, Everett , Washington, England, Pakistan, France, British

☆ Ukrainians are 'running out of popcorn' as they watch the Wagner mutiny in Russia unfold, Ukrainian official jokes
▼ + stars: | 2023-06-24 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +2 min

Russia is in the midst of a "civil war," a Ukrainian defense advisor said in a BBC Interview. "We are little-by-little running out of popcorn," Yuriy Sak joked of the unfolding events in Russia. Saks pointed out that before Russia began its invasion of Ukraine in 2022, the world thought Russia had the 2nd-best army in the world. "Yesterday everybody knew that Russia was the second most powerful army in Ukraine, and today we're seeing how the Russian army is becoming the second most powerful army in Russia," Sak told the BBC. "What we're seeing now in Russia is a civil war," Sak added.

Persons: Yuriy Sak, Wagner, —, Sak, implode, Putin, Yevgeny Prigozhin, Moscow — Organizations: Service, BBC, Saks, Russia Locations: Russia, Ukrainian, Moscow, Ukraine, Russian, Rostov

☆ Titan submersible: What's next in the search for the imploded submersible?
▼ + stars: | 2023-06-24 | by ( Zoe Sottile | ) edition.cnn.com time to read: +10 min

The discovery led the US Coast Guard to announce the ship likely imploded, killing all five passengers aboard. The Odysseus 6 discovered debris from the Titan submersible about 1,600 feet from the wreckage of the Titanic on Thursday, according to the US Coast Guard. All five are presumed dead after the “catastrophic implosion” of the submersible, according to the US Coast Guard. On Friday, Coast Guard Rear Adm. John Mauger said, “I don’t have an answer for prospects at this time” when asked about recovering remains. A Coast Guard official said Thursday that authorities are discussing how an investigation would unfold since the implosion took place in international waters.

Persons: Paul Hankins, ”, Tom Maddox, “, John’s, Shahzada, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, John Mauger, ” Aileen Marty, CNN’s Anderson Cooper, ” OceanGate, Mauger, Rush, What’s, OceanGate’s, David Lochridge, William Kohnen, OceanGate, classing, ” Rush, David Pogue, don’t, Don’t Organizations: CNN, Titan, US Coast Guard, Research Services, Coast Guard, Forensic Investigators, Deep Energy, Stockton Rush, OceanGate Expeditions, Florida International University, Maritime Horizon Services, Maritime Horizon, Navy, ”, Authorities, Canada, Transportation, Board of Canada, Transportation Safety Board of Canada, TSB, Canadian, Twitter, National Transportation Safety, Marine Technology, American Bureau of Shipping, Lloyd’s, Rush Locations: Canada, St, British, French, Newfoundland, John’s, Labrador

☆ It would be too risky to try to recover the remains of those lost in the Titan sub implosion, underwater ROV expert says
▼ + stars: | 2023-06-23 | by ( Sonam Sheth | Matthew Loh | ) www.businessinsider.com time to read: +4 min

It's likely too risky to try recovering the remains of Titan's passengers, an ROV expert said. The search for the sub near the Titanic has already cost millions; recovery would cost even more. The five passengers on the Titan sub were British billionaire Hamish Harding, French submersible pilot Paul-Henri Nargeolet, British businessman Shahzada Dawood and his son Suleman, and the CEO of OceanGate Expeditions Stockton Rush. The Titan submersible had made three previous trips down to the wreckage. But shortly after the vessel vanished Sunday, key questions began emerging about the design and operation of the Titan.

Persons: It's, —, Dr, Brendan Englot, Englot, OceanGate didn't, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Suleman, Rush, Aileen Maria Marty, James Cameron Organizations: Service, Stevens Institute for Artificial Intelligence, OceanGate Expeditions Stockton Rush, US Coast Guard, Titan, Florida International University, CNN, ABC Locations: French, British

☆ How deep is the ocean? Deeper than the highest point on Earth's surface, by more than a mile
▼ + stars: | 2023-06-22 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +4 min

The ocean is significantly deeper than the highest point on Earth's surface. If you took the highest point on land and submerged it, you would still have more than a mile between you and the deepest point in the ocean. The Challenger Deep is the deepest point on Earth. In 1960, oceanographer Jacques Piccard and Lt. Don Walsh descended to the lowest point on Earth, Challenger Deep, at a record 25,979 feet below the surface. Scientists have sent half a dozen unmanned submersibles to explore Challenger Deep including Kaiko, which collected over 350 species on the seafloor between 1995 and 2003.

Persons: Cuvier, Robert Smits, Herbert Nitsch, Nitsch, We've, Ralph White, Mariana Trench, Trench, Jacques Piccard, Don Walsh, Victor Vescovo, Vescovo Organizations: Service, USS Triton Locations: California, Austrian, Mariana, Everest

☆ Even the US Navy's best submarines couldn't get anywhere near the wreck of the Titanic
▼ + stars: | 2023-06-22 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +8 min

A search is on for a civilian submersible that went missing while trying to explore the Titanic. The wreck of the Titanic is under about 12,500 feet of water in the North Atlantic Ocean. The US Navy's submarine fleetVirginia-class sub USS North Dakota during sea trials in the Atlantic Ocean in August 2013. Reuters/US Navy HandoutThe United States Navy operates some of the most advanced and capable submarines ever to sail, commonly split into three operational categories: ballistic-missile subs, guided-missile subs, and attack subs. Guided-missile submarines are the same platforms as the Navy's boomers, but were converted to launch conventional munitions and deploy special-operations troops.

Persons: —, submersibles, Amanda Gray America's, Patrick Tyler's, Janes, Ashley, it's, HY Organizations: Service, OceanGate Expeditions, Polar, US Coast Guard, Reuters, US Navy, United States Navy, Los, Anadolu Agency, Washington Post, Naval Submarine Base, OceanGate Locations: Virginia, North Dakota, Ohio, Los Angeles, Angeles, Los, Amanda Gray America's Los Angeles, Tennessee, Bay, Georgia, America's Ohio

☆ OceanGate Expeditions: What we know about the Titanic-exploring submersible missing off Newfoundland coast
▼ + stars: | 2023-06-19 | by ( Jessie Yeung | ) edition.cnn.com time to read: +8 min

The submersible was part of an eight-day journey conducted by OceanGate Expeditions. It’s still not clear what happened to the submersible, why it lost contact, and how close to the Titanic it was when it went missing. According to OceanGate, Titan is a 23,000-pound submersible made of carbon fiber and titanium. On Pogue’s trip, communications broke down during a dive and the submersible was lost for over two hours, he said. The US Coast Guard is coordinating the search with the US Navy, the Canadian Coast Guard and the Canadian military.

Persons: It’s, ”, John Mauger, Hamish Harding, Hamish, Harding, ” Hamish Harding, Facebook Harding, Paul, Henri, P.H, Nargeolet, Shahzada Dawood, Sulaiman Dawood, Dawood, Roger Chapman, Roger Mallinson, OceanGate, …, David Pogue, CNN Thomas Shugart, didn’t bode, haven’t, they’d Organizations: CNN, Titan, OceanGate Expeditions, United Arab Emirates, Action Aviation, SETI Institute, Dawood Hercules Corporation, Dawood, Authorities, Coast Guard, National Oceanic, Atmospheric Administration, CBS, Titanic, US, Center, New, New American Security, US Coast Guard, US Navy, Canadian Coast Guard, Canadian, US Air, Wing, Navy Locations: United States, St John’s, Newfoundland, Canada, Cape Cod , Massachusetts, British, Pakistani, California, New American

☆ Why Goldman Sachs' John Waldron Flagged This 'Young, Talented' Banker
▼ + stars: | 2023-06-02 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Goldman Sachs' COO, John Waldron, gave a speech on Thursday touting the firm's growth opportunities. The shoutout comes as Goldman Sachs joins its Wall Street peers by seeking to boost its wealth business that caters to the rich. Waldron on Thursday admitted that Goldman has "underinvested" in the private wealth business. Goldman's wealth business Goldman Sachs has about 1,000 advisors overseeing $1 trillion for its ultra-high net worth clients with at least $10 million to invest. The unit works closely with moneyed entrepreneurs, prime targets for Goldman's private wealth business.

Persons: Goldman, John Waldron, Nishi Somaiya, Goldman Sachs, David Solomon's, Nishi, We've, Waldron, Somaiya, Marc Nachmann Organizations: Oxford, Private, Silicon Valley Bank, UBS's, Credit Suisse, Bloomberg, University of Oxford, Royal Ballet School Locations: Silicon, Europe, Americas, SVB

☆ Theranos founder Elizabeth Holmes just reported to a Texas prison to begin serving her 11-year sentence
▼ + stars: | 2023-05-30 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Elizabeth Holmes reported to a Texas prison Tuesday to begin serving her sentence of more than 11 years. The Theranos founder was convicted on four counts of fraud and conspiracy last year. Eight years after infamous blood-testing startup Theranos began to implode, its founder, Elizabeth Holmes, is now in prison. On Tuesday afternoon, Holmes reported to a minimum-security women's prison in Bryan, Texas, about 100 miles from Houston, where she grew up, to begin serving her sentence of 11.25 years, with an additional three years of supervised release. Balwani reported to a California prison in April to begin his nearly 13-year sentence.

☆ How A.I. could disrupt the music industry
▼ + stars: | 2023-05-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

But for many sectors — including the music industry — AI could fundamentally shatter the way some companies operate, and implode some lucrative revenue sources underpinning their dominance. "If AI is able to create the next hit song, then you've broken that model and that's an existential challenge for music labels, and for pop stars." In a recent note to clients, Morgan Stanley's Omar Sheikh noted that labels could charge for AI tools to use their creative material, or harness generative AI capabilities to craft music that resonates with or better targets certain audiences. The company's already begun experimenting with AI technology, recently debuting a DJ tool that personalizes and plays curated music. AI tools would allow music distribution platforms to cut costs and take advantage of cheaper and independent music generated by AI, said Credit Suisse's Douglas Mitchelson in a recent note.

☆ Does British tourism really need the royal family?
▼ + stars: | 2023-05-15 | by ( Ross Bennett-Cook | ) edition.cnn.com time to read: +5 min

CNN —Love them or loathe them, the royal family are up there with red telephone boxes and scones when it comes to images of Britishness. The royal family does bring tourism to the UK. But if the royal family were to disappear, would the UK’s tourism industry suddenly implode? And while the international perception of Britain is certainly intertwined with the royal family, this does not tell us whether a reigning royal family is necessary for tourism. After all, the history surrounding the monarchy and places associated with them would still be here even if the royal family was not.

☆ A Timeline of How the Banking Crisis Has Unfolded
▼ + stars: | 2023-05-01 | by ( Madeleine Ngo | ) www.nytimes.com time to read: +9 min

March 9Gregory Becker, the chief executive of Silicon Valley Bank, urged venture capital firms to remain calm on a conference call. March 10In the biggest bank failure since the 2008 financial crisis, Silicon Valley Bank collapsed after a run on deposits . Regional bank stocks plunged after the unexpected seizure of Silicon Valley Bank and Signature Bank , with shares of First Republic tumbling 60 percent. The Treasury secretary believed the actions by the private sector would help underscore confidence in the stability of the banking system. April 28The Fed released a report faulting itself for failing to “take forceful enough action” ahead of Silicon Valley Bank’s collapse.

☆ Big Tech is pursuing 'the year of efficiency.' It could get supercharged by AI.
▼ + stars: | 2023-04-30 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

On the agenda today:But first: Why Big tech's new focus on efficiency could have far-reaching impacts. Tech jobs aren't coming backTech giants have been slashing jobs. Companies from Meta to Salesforce have cut jobs in the recent months in the pursuit of efficiency and profit margins. Also read:Whistleblower docs: Jane RobertsSupreme Court Justice Chief Justice John Roberts and his wife Jane Roberts arrive for a 2018 State Dinner at the White House. At least one of those firms argued a case before the chief justice after paying his wife hundreds of thousands of dollars.

☆ Sam Altman is building his utopia, whether you want it or not
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

Altman told Insider, "We debate our approach frequently and carefully." "I don't think anyone can lose your dad young and wish he didn't have more time with him," Altman told Insider. Altman told Insider that his thinking had evolved since those posts. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

☆ He's played chess with Peter Thiel, sparred with Elon Musk and once, supposedly, stopped a plane crash: Inside Sam Altman's world, where truth is stranger than fiction
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

But, "you do at some point need to start having contact with reality," he told Insider. The plan was still only a rough sketch, Blania told Insider, but that didn't seem to matter to his host. "He always wanted to understand everything at a very deep level," Thrun told Insider in an email. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

☆ An investing expert who says 'cash is king' right now explains how investors should stockpile so they're ready to jump on new opportunities following the economic downturn
▼ + stars: | 2023-03-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Investing expert Lauren Simmons recommends avoiding the stock market right now. Today's financial climate is unusual: the stock market continues to be volatile and inflation has been out of control. Those "less conservative vehicles" currently include the stock market, she noted: "The stock market is still very volatile. Rather than investing in the stock market right now, she advises stockpiling cash. (The savings account interest rates offered at major banks like Chase, Bank of America, and Wells Fargo are around 0.01%.)

☆ More pain for the crypto industry means a chance for startups to pivot
▼ + stars: | 2023-03-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

After an awful 2022 that saw one of the industry's high-profile figures implode, the crypto market is looking for a bounceback. McDermott laid out to Insider's Bianca Chan and Dakin Campbell how tough times for crypto startups mean more realistic valuations and, in some cases, a reevaluation of the business model. Once of the most common critiques I hear about crypto is "It's a solution looking for a problem." The most recent crypto winter could force startups to be a bit more pragmatic about the specific problem they are looking to address. "If you can solve fraud in crypto, you can solve fraud in basically any part of finance," Meier told Insider.

☆ This fund is trouncing the S&P 500 by focusing on international stocks
▼ + stars: | 2023-03-05 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

A fund once led by an investing great known for finding opportunities in distressed assets is beating the market — but with a somewhat different focus. The Third Avenue Value Fund (TVFVX) outperformed the S & P 500 in 2022, rising 11.2% while the broad-market index shed 19.4%. 'Go where the opportunities are' Fine said that can happen by looking at both country and industry trends. The fund had just over 40% and 30% of its holdings in small- and mid-cap companies, respectively, at the end of 2022. portfolio manager Matt Fine Fine was able to work under Whitman and eventually take over the value fund, which is one of the first the company created, in 2017, a year before Whitman died.

☆ How the market has changed in the 20+ years I’ve covered it
▼ + stars: | 2023-03-03 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Eastman Kodak (KODK) was a Dow stock. I’ve written about B2B (aka business-to-business) software companies, cloud computing firms, IPOs and SPACs, and cannabis/pot stocks. There have been more flavors of the month in the stock market during my CNN career than at your local Baskin-Robbins. It’s fine to have a lot of your money in S&P 500 ETFs and other funds that will track the broader market. “We still continue to believe that over long periods of time, stocks provide a reasonable hedge against inflation,” Patterson said.

☆ Fearless Alcaraz can show next-gen how to topple Djokovic, say sports psychology experts
▼ + stars: | 2023-02-28 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +3 min

Florida-based Patrick Cohn, who teaches mental skills and sports psychology techniques to professional athletes, said he was not surprised Djokovic was still dominating the next generation. Cohn believes young players must rely on better preparation, tactics and develop a stronger mental game to topple Djokovic. I suggest to younger players that they view opponents as nameless and rankless." Former tennis player Jeff Greenwald, now a sports psychology consultant, said the Spanish world number two possessed rare qualities required to excel at the elite level. He will be a contender and likely one of the players who begins to take a bite out of Djokovic."

☆ The Supreme Court lets police officers avoid being sued after they arrested an Ohio man for making fun of cops on Facebook
▼ + stars: | 2023-02-21 | by ( Grace Eliza Goodwin | Ashley Collman | ) www.businessinsider.com time to read: +5 min

The Supreme Court declined to take up his case, effectively allowing the police officers to avoid the lawsuit. Novak appealed that decision to the Supreme Court, even getting the satirical news site The Onion to write an amicus brief. The Supreme Court regularly takes on less than 1% of the case petitions it receives every year, according to News 5 Cleveland. In recent years there has been an effort in the US to end qualified immunity protections for police officers. The George Floyd Justice in Police Act was passed by the House in 2020 and included a section restricting qualified immunity for police officers.

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