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☆ Stock futures inch higher to kick off the final trading week of a rocky August: Live updates
▼ + stars: | 2023-08-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures rose slightly to kick off the final trading week of August. Futures tied to the Dow Jones Industrial Average rose 50 points, or about 0.15%, while S&P 500 futures and Nasdaq-100 futures added 0.14% and 0.7%, respectively. The Dow Jones Industrial Average gained 247.48 points, or 0.7%, on Friday, but finished the week 0.45% lower. Both the broad-based and tech-heavy index notched their first winning week in four, adding about 0.8% and 2.3%, respectively. The final trading week of August kicks off Monday, with all the major indices on track to finish the month with losses.

Persons: Stocks, Jerome Powell, Powell, Brian Price Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Federal, Dow Jones Industrial, Investment Management, Commonwealth Financial Network, Dow, Dallas Fed Locations: Jackson Hole , Wyoming

☆ Spain's Martin wins men's 35km race walk at world championships
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

[1/4] Athletics - World Athletics Championship - Men's 35 km Race Walk - Budapest, Hungary - August 24, 2023 Spain's Alvaro Martin celebrates after winning the gold medal in men's 35 km race walk REUTERS/Marton Monus Acquire Licensing RightsBUDAPEST, Aug 24 (Reuters) - Alvaro Martin of Spain secured his second gold medal at the World Athletics Championships after winning the men's 35 kilometres race walk on Thursday, adding to his victory in last week's 20km event. After early leader Aurelien Quinion of France had dropped off the pace and was then disqualified, Martin shared the lead with Ecuador's Brian Pintado and Japan's Masatora Kawano entering the final 4km. Martin made the break with less than 2km remaining and crossed the line in two hours, 24 minutes and 30 seconds, four seconds before Pintado. Kawano posted a season's best of 2:25:12 to finish third, while defending champion Massimo Stano of Italy was seventh with 2:25:59. Reporting by Hritika Sharma in Hyderabad; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Alvaro Martin, Marton Monus, Alvaro Martin of Spain, Aurelien Quinion, Martin, Ecuador's Brian Pintado, Kawano, Massimo Stano, Hritika Sharma, Devika Organizations: Rights, Thomson Locations: Budapest, Hungary, France, Italy, Hyderabad

☆ Martin, Perez seal double glory for Spain in 35km race walks
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

"I had this problem with my hamstring after the 20km race and I was still considering whether to start at the 35km but I managed to get through," said Perez, who smashed Garcia Leon's 35 km world record by nearly half a minute in May. "I was fourth in the Olympic Games and it was very tough to get so close to an Olympic medal. It's wonderful now to be a double world champion in Budapest. "I see Maria is first too in the women's race, so today is a great day for Spain." Reporting by Hritika Sharma in Hyderabad; Editing by Devika Syamnath, Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Spain's Maria Perez, Alvaro Martin, Marton Monus, Maria Perez, Martin, Brian Pintado, Perez, Kimberly Garcia Leon, Perez's, Peru's Garcia Leon, Antigoni Drisbioti, Garcia, Aurelien Quinion, Kawano, Massimo Stano, Maria, Hritika Sharma, Devika Syamnath, Peter Rutherford Organizations: Alvaro Martin REUTERS, Rights, Spanish, Olympic Games, Thomson Locations: Budapest, Hungary, Greece, France, Italy, Spain, Hyderabad

InvestingThe market’s best guess at the real, after-inflation, cost of money is back within the range of what once counted as normal. America has put the era of low rates behind it. Can it cope?

Locations: America

☆ What Biden's executive order means for U.S. investors in China
▼ + stars: | 2023-08-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +8 min

Chris Hondros | Getty Images News | Getty ImagesBEIJING — The Biden administration's long-awaited executive order on U.S. investments in Chinese companies leaves open plenty of questions on how it will be implemented. "The executive order obviously gives an outline of what the program's scope is going to be like," said Brian P. Curran, a partner, global regulatory at law firm Hogan Lovells in Washington, D.C. "It's not even a proposed rule. U.S. President Joe Biden on Wednesday signed an executive order aimed at restricting U.S. investments into Chinese semiconductor, quantum computing and artificial intelligence companies over national security concerns. This week's announcements don't explicitly prohibit U.S. investments into Chinese businesses, but the documents indicate what policymakers are focused on. But the Treasury said it may request information about transactions completed or agreed to since the issuance of the executive order.

Persons: Goldman Sachs, Chris Hondros, Biden, Brian P, Curran, Hogan Lovells, It's, Joe Biden, Janet Yellen, Winston Ma, what's, We've, Anne Salladin, Jonathan Levy, Pitchbook Organizations: U.S, Getty, Wednesday, Treasury Department, NYU Law, CIC, Treasury, University, Bank, Global, University of Chicago, China VC, China Locations: New York, BEIJING, Washington ,, China, U.S, Greenfield, United States, Pitchbook

☆ 13 Hollywood production companies making brand films that streamers like Netflix and Apple want to buy
▼ + stars: | 2023-08-09 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

said Marc Gilbar, who runs the brand division at Imagine Entertainment. Some are also looking to brand films to offset some of the revenue they're losing in the dual Hollywood strikes. (Brand films are often unscripted and thus aren't governed by the Hollywood unions.) They also see brand work being a positive for below-the-line workers who are idled by the work stoppage. Led by EVP Kate Oppenheim, Tribeca Studios' projects have included "We Could be King" (ESPN2) for Dick's Sporting Goods and P&G's Queen Collective series (BET).

Persons: Ben Silverman, Issa Rae's Hoorae, Kevin Hart's Hartbeat, Julian Jacobs, we've, Marc Gilbar, Samuel L, Jackson, Emma Stone, Zac Ryder, Olivia Wilde, Laurene Powell Jobs, Caitlin McGinty, It's, James Gay, Rees, Paul Martin, Kevin Hart's, Hart, Hartbeat, Brian Price, Chase Sapphire, Procter, Reese Witherspoon, Zoe Fairbourn, Ron Howard, Brian Grazer's, Ron Howard's, Bryce Dallas Howard, Gilbar, Rocco DiSpirito, General Mills, Rupert Maconik's Saville, Werner Herzog, Barry Levinson, Sugar23, Oscar, Michael Sugar, Trevor Noah's, he's, Kennedy, Matt Rotondo helms, Sugar, Mike Beck, Alexa Conway, Trevor Noah, Kate Oppenheim, HBO Max, Paul McCartney, Mary McCartney Ventureland, Kerstin Emhoff, Paul Hunter, John Battsek, Stacy's Pita Chips, Will, Jada Pinkett, REI, Gargi Organizations: Hollywood, Brands, Mattel, Netflix, Apple, UTA, Imagine Entertainment, Producers, Adobe, IBM, Anonymous, HP, Afghan Girls National Soccer Team, Showtime, Pepsi Boardwalk Pictures, Relativity Media, Super, Pepsi, REI, Unilever, Marriott, Surf League, Major League Soccer, Sam's, Gamble, Weinstein Co, Hulu, Imagine, Paramount, Saville Productions, Disney, Time Studios, Procter & Gamble, Anheuser, Busch, InBev, CAA, Studios, MSNBC, ABC, NBC, Tribeca Studios, Dick's Sporting Goods, HBO, CNN, Mobile, Stacy's, Everest, Vice Studios, Westbrook Media, Meta, Logitech, Samsung Locations: Hollywood, Subway, Magnolia

☆ Elon Musk launches new company xAI, which proclaims a lofty mission to 'understand the true nature of the universe'
▼ + stars: | 2023-07-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Elon Musk officially unveiled his new company xAI on Wednesday. Musk publicly introduced a new company called xAI, whose stated aim is to glean "the true nature of the universe." And an apparently all-male, 12-person team including Musk has been detailed to the heady task, according to its website, which doesn't list any female employees. Hendrycks has published about the potential dangers of AI, including the technology's ability to spread disinformation. With the launch of xAI, Musk now owns or is in charge of half a dozen companies, including Tesla, SpaceX, Neuralink, The Boring Company, and Twitter.

Persons: Elon Musk, Musk, xAI's, Tesla, Musk helms, Dan Hendrycks, Hendrycks, Musk's Tesla, Insider's Kali Hays, — Manuel Kroiss, Igor Babuschkin, Babuschkin, Brian Philip Organizations: Morning, X.AI, Tesla, Twitter, X Corp, Microsoft, AI Safety, SpaceX, Center, AI, Palo Alto Police Department, The Boring Company Locations: Nevada, Hendrycks, Palo Alto

☆ Fatal Shooting of a Teenager Shocks an Urban Oasis
▼ + stars: | 2023-07-02 | by ( Katherine Rosman | Chelsia Rose Marcius | ) www.nytimes.com time to read: +1 min

“His eyes were rolled up and he was gasping,” Mr. Peña said. “He was at the start of his life, this young man.” The boy was only 15. State Police officers arrived and raced to aid the boy, who had been shot in the chest and in the leg, Mr. Peña said. It was unclear on Sunday whether the teenager was targeted, or if he had been caught in crossfire. Riverbank Park, a long stretch of green space along the Hudson River from around West 137th to West 145th Streets, is an urban oasis.

Persons: Mr, Peña, “, Brian P, Webster Organizations: State Police, New York State Police, Police, 145th Locations: West, Upper Manhattan

☆ Opinion | Put ‘Succession’ in the TV Pantheon
▼ + stars: | 2023-06-02 | by ( Ross Douthat | ) www.nytimes.com time to read: +5 min

Then, too, the show’s judgment on elites can be read in two distinct ways, one more left-wing and one more right-wing. This consciousness came with varying levels of self-delusion, and none of these shows fully forgave their protagonists in the end. But the possibility of redemption existed for them at least notionally, and I think that’s why “Succession” seems like such an outlier among its peers. I think this critique is partially fair, and that, along with the strengths I described above, there is a savage superficiality to some of the characterizations in “Succession” that’s beneath the psychological level achieved on other famous TV dramas. When it comes to the desire for redemption and honesty and love, though, I’m not sure “Succession” is as barren as Phillips seems to suggest.

Persons: Kendall Roy’s, Logan, Tom Wambsgans, Roy, Naipaul, ”, Damon Linker’s, Brian Phillips’s, Tony Soprano, Walter White, Don Draper, There’s, Hank, Peggy Olson, I’m, Phillips, Shiv Roy, Shiv, Tom Organizations: “ Locations: Swedish

☆ 3 ways TikTok comedy creators are making money as the app opens up new ways for comedians to build careers
▼ + stars: | 2023-05-19 | by ( Sydney Bradley | Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

Comedy creators are using the app to collaborate with brands like Bud Light and Dell, for example. Here are three ways comedians on TikTok make money through the social-media platform. Here are three ways comedy creators make money, based on interviews with 20 entertainment and TikTok insiders, including a dozen comedians:1. Comedy creators are inking sponsorship deals with brandsThumb-stopping and "relatable," comedy creators are in high demand by brands, said Dani Jacobson, a talent agent at A3 Artists Agency. Jacobson said one of the comedy creators she represents is hoping to land a creative director role with a brand.

This helped push the Dow Jones Transport Average index (.DJT) down 3.6%, for its biggest one-day drop since September. The Nasdaq Composite (.IXIC) dropped 238.05 points, or 1.98%, to 11,799.16 in its biggest one-day percentage decline since March 9. The KBW Regional Banking index (.KRX) dropped 3.9% as First Republic (FRC.N) shares fell 49%, hitting a record low. General Motors Co (GM.N) shares fell 4% after it cautioned that 2022 price gains will not last as the year goes on, even as it lifted full-year profit and cash flow forecasts. On U.S. exchanges 10.78 billion shares traded compared with the 10.32 billion average for the last 20 sessions.

☆ An AI researcher that Elon Musk hired was arrested in a domestic violence case
▼ + stars: | 2023-04-20 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Elon Musk's new AI researcher Igor Babuschkin was arrested in March in a domestic violence case. Musk reportedly hired Babuschkin as part of a push to develop a competitor to OpenAI's ChatGPT. The case involved "a minor injury," but did not otherwise pose a threat to public safety, Philip told Insider. Babuschkin was arrested at 588 Webster Street, according to a police report log posted last month on the Palo Alto Police Department's website. Musk has also brought on resources including roughly 10,000 graphics processing units to execute his AI plans, Insider previously reported.

☆ Tech companies including Adobe are taking a new look at a big industry debt issue
▼ + stars: | 2023-04-13 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

Adobe cloud business insightsDespite the drag of technical debt that the data suggests, some industry executives say it gets a bad reputation. In this sense, technical debt is a signal of iteration. Adobe head of strategic development for creative cloud partnerships Chris Duffey is looking to reshape technical debt. "I would offer to reframe technical debt as the value of insight gathering throughout the innovation creation process," Duffey said. Despite reduction of operational costs, legacy systems in the technical debt bucket are core operational functions that an organization can't just turn off.

Most jobs will be changed in some form by new AI tools, according to a study by researchers at the University of Pennsylvania and OpenAI, the company that makes the popular AI tool ChatGPT. But for nearly 20% of jobs, at least half of their tasks could be completed much faster with ChatGPT and similar tools. Here are some of those jobs.

☆ Don't be fooled by these 9 common money myths, finance gurus say
▼ + stars: | 2023-04-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

CNBC polled eight personal finance experts to help answer one question: What are the biggest money myths out there for consumers? Dealers therefore can have an incentive to charge a higher rate because they will also make more money, she said. Myth #3: Financial 'advice' always has your best interests at heartThere's a misconception that every financial advisor is a "fiduciary," said George Kinder, who pioneered the "life planning" branch of financial advice. "Although households and regulators remain concerned about the cost of financial advice, it's the absence of holistic financial advice that turns out to be so expensive," he said. There are many different fee models for financial advice, and the cost doesn't have to be significant: Many advisors have hourly or project rates, for example.

NEW YORK, March 29 (Reuters) - The U.S. Securities and Exchange Commission (SEC) charged crypto firm Beaxy.com and several executives for registration failures on Wednesday, expanding regulators' push to rein in the industry. That structure, which is common throughout the crypto industry, is one that the SEC's chair has criticized for conflicts of interest and risks to investors. On Monday, the Commodity Futures Trading Commission sued Binance, accusing the world's largest crypto exchange of violating rules preventing illegal activity. The next day, prosecutors in New York added a Chinese bribery charge to their fraud case against Sam Bankman-Fried, who founded the now-bankrupt crypto exchange FTX. Another man, Brian Peterson, was accused of acting as an unregistered dealer by providing marketing services to Beaxy.

Founder Artak Hamazaspyan and a company he controlled, Beaxy Digital Ltd, raised $8 million in an unregistered offering of the Beaxy token (BXY), and Hamazaspyan also misappropriated at least $900,000 for personal use, the SEC said. The regulator also said executives Nicholas Murphy and Randolph Bay Abbott facilitated trading on the Beaxy platform since October 2019 through the company they managed, Windy Inc, the regulator said in a statement. Another executive, Brian Peterson, and his companies provided market making services for the Beaxy platform, acting as unregistered dealers, the SEC said. The other executives and firms, who did not admit or deny the SEC's findings, could not be reached immediately for comment. Reporting by Jonathan Stempel and Chris Prentice; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ GOP lawmakers vilify ESG moves at BlackRock, Vanguard but take their money nonetheless
▼ + stars: | 2023-02-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

But Republicans have vilified BlackRock, Vanguard Group and State Street for leading the push on Wall Street to promote clean energy and what GOP lawmakers often title "left-wing social priorities." Still, many Republican lawmakers received money from the very firms their party is criticizing. It was the third election cycle in a row that both lawmakers took donations from the firm's PAC. Rep. Ann Wagner, R-Mo., received $10,000 from BlackRock and a combined $6,500 from Vanguard and State Street in the 2022 cycle. Huizenga's spokesman Brian Patrick said the donations won't affect the lawmaker's position on ESG issues.

☆ Sen. John Fetterman Set for Lengthy Hospital Stay
▼ + stars: | 2023-02-18 | by ( Siobhan Hughes | ) www.wsj.com time to read: 1 min

Sen. John Fetterman says he has experienced depression off and on throughout his life. WASHINGTON–Sen. John Fetterman could remain hospitalized for more than a month as the Pennsylvania Democrat undergoes treatment for depression, a senior aide said, following a series of health setbacks. On Wednesday, Mr. Fetterman checked himself into Walter Reed National Military Medical Center, the second hospitalization for the freshman senator in recent weeks. His office said that Mr. Fetterman has experienced depression off and on throughout his life and that the senator voluntarily entered the hospital after consulting with the attending physician for Congress, Dr. Brian P. Monahan.

☆ Sen. John Fetterman Is Hospitalized for Depression
▼ + stars: | 2023-02-16 | by ( Natalie Andrews | ) www.wsj.com time to read: 1 min

Sen. John Fetterman (D., Pa.) at the Capitol building earlier this week. WASHINGTON—Pennsylvania Sen. John Fetterman checked himself into Walter Reed National Military Medical Center to receive treatment for clinical depression, the second hospitalization for the freshman senator this month. The senator’s chief of staff, Adam Jentleson, said Thursday that the Democratic lawmaker had experienced severe depression in recent weeks. Mr. Jentleson said that on Monday the attending physician for Congress, Dr. Brian P. Monahan, recommended inpatient treatment. Mr. Fetterman checked himself into Walter Reed on Wednesday.

☆ Sen. John Fetterman checks into hospital for clinical depression treatment, his office says
▼ + stars: | 2023-02-16 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Sen. John Fetterman (D-PA) departs a closed-door, classified briefing for Senators at the U.S. Capitol on Tuesday, Feb. 14, 2023 in Washington, DC. Sen. John Fetterman, D-Pa., checked himself into a hospital to "receive treatment for clinical depression," his chief of staff said Thursday. "While John has experienced depression off and on throughout his life, it only became severe in recent weeks," the statement said. "Yesterday, Dr. Monahan recommended inpatient care at Walter Reed. "After examining John, the doctors at Walter Reed told us that John is getting the care he needs, and will soon be back to himself," Jentleson said.

Thirteen relatives of victims spoke during the hearing including Simone Crawley, who called Gendron, 19, a "cowardly racist." The sentence, which was expected because the state does not employ the death penalty, was given by Erie County Court Judge Susan Eagan. Erie County District Attorney John Flynn and Buffalo Mayor Byron Brown called Gendron's apology too little and too late. "I anticipate what he said today was to save his life in federal court," Flynn said after the hearing. His lawyers have sought a plea deal relating to these in an effort to avoid a possible death sentence.

☆ Electronic tracking has been required on semi-trucks for 5 years. Fatalities haven't decreased.
▼ + stars: | 2023-02-01 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +5 min

The devices help ensure truckers don't drive longer than they should, a maximum of 11 hours per day, to avoid fatigue and keep roads safe. Another driver, Brian Stauffer, pointed out that ELDs don't allow for adjustment, and that a driver that has reached the 11-hour limit shouldn't be forced to stop in a high-crime area, for example. "They used to say, 'I'll get there in about 11 hours'. Now they really only have 11 hours. Before ELDs, hours of service were noted down on paper logbooks, which were easy to falsify.

☆ U.S. private jet buyers seek distressed planes in early sign of turbulence
▼ + stars: | 2023-01-24 | by ( Allison Lampert | ) www.reuters.com time to read: +5 min

[1/2] A Gulfstream logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland May 28, 2018. From preowned planes selling more gradually to flattening business jet traffic, demand is beginning to moderate, aviation lawyers, brokers and analysts said. Investors will be watching for clues when Gulfstream-maker General Dynamics Corp (GD.N) and Cessna business jet maker Textron Inc (TXT.N) report earnings on Wednesday. Planemakers rarely disclose cases of distressed planes, but argue they can easily resell unwanted models. Some buyers also scrambled late last year to find distressed planes to qualify for favorable taxation rules.

☆ 3 sentenced to life in slaying of Michigan security guard over face mask order
▼ + stars: | 2023-01-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

FLINT, Mich. — A married couple and their son convicted of first-degree premeditated murder in the fatal shooting of a security guard who demanded the woman’s daughter wear a mask while shopping were sentenced Tuesday to life in prison without parole. Larry Teague, wife Sharmel Teague, and Sharmel Teague’s son, Ramonyea Bishop, were sentenced by Genesee Circuit Court Judge Brian Pickell in the shooting death of Calvin Munerlyn on May 1, 2020. Munerlyn, 43, was shot at the store just north of downtown Flint shortly after telling Sharmel Teague’s daughter she had to leave because she lacked a mask, Genesee County Prosecutor David Leyton has said. Two men later came to the store and shot the security guard to death, investigators said. Bishop’s sister, Brya Bishop, was charged with tampering with evidence, lying to police and being an accessory to a felony.

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