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☆ The 3 policy issues portfolio managers are most concerned about this election season — including one that wasn't discussed during the debate
▼ + stars: | 2024-09-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewFor Wall Street, policy — not politics — is the motto leading up to November. Death and taxesUnsurprisingly, tax policy is at the top of money managers' minds, according to Frank Kelly, senior political strategist at DWS. The filibusterThere's an under-the-radar issue keeping portfolio managers up at night: the elimination of the filibuster, according to Kelly's conversations with clients. Wall Street analysts expect a very close election, and even a minute change could be enough to push the needle on the outcome for either candidate. Given how important gridlock is to the market, there's not enough conversation around the impacts of eliminating the filibuster, Kelly believes.

Persons: —, Kamala Harris, Donald Trump, DWS, Frank Kelly, Harris, Trump, David Bianco, Bianco, Goldman Sachs, Chuck Schumer, Kelly, Monica Guerra, Morgan Stanley, Morgan Stanley Wealth Management's, it's, Jack Ablin, Washington doesn't Organizations: Service, Asset Management, Business, Trump, Jobs, DWS, Wall Street, Morgan Stanley Wealth, Cresset Capital Management, White, Washington, Democrats, Republicans Locations: DWS Americas

☆ The Fed has waited four years to cut rates. But it’s still a tough call
▼ + stars: | 2024-09-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

It’s also a sign of confidence from Fed officials that inflation has come under control just enough to comfortably dial back policy. Typically, in the lead-up to a Fed policy decision, Wall Street and economists are in alignment on what to expect. But investors’ wagers for a half-point cut ramped up on Monday; and as of Tuesday afternoon, federal funds futures contracts were pricing in a 63% chance of a jumbo rate cut, up from around 30% on Thursday, according to the CME Group. As inflation skyrocketed in 2021 and 2022, American employers pumped out jobs and the unemployment rate declined to half-century lows. The Fed eventually responded to the country’s inflation problem with its bitter medicine of high interest rates.

Persons: It’s, Christopher Waller, Elizabeth Warren, Robert Kaplan, Bill Dudley, ”, Powell, ” Gregory Daco, “, ” Julia Hermann Organizations: Washington CNN, Federal Reserve, Street, CME, Fed, Democratic, Dallas Fed, CNBC, Former New York, Bloomberg, Dow, Labor, New York Life Investments, CNN

☆ I'm 62 and have no plans to retire. I focus on the parts of my work that bring me joy.
▼ + stars: | 2024-09-18 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

When I was in my mid-30s and working in the corporate world, I thought that 55 would be a good age to retire. Now I'm 62, and I have no plans to retire, despite the fact that friends and even my wife are stepping back from their long-term careers. I focus on the parts of work that bring me joyBecause I own my own business, I have a lot of control over my working environment. I've carefully selected employees who can keep things running even when I'm away from work. When I'm traveling, I'm entirely unplugged, able to join Kate in her retirement mindset.

Persons: David B, Horne, I'm, they've, Kate, we've, I've Organizations: Service, Business Locations: Greece, Canada

☆ 5 details to remember before watching the 'WandaVision' spinoff 'Agatha All Along'
▼ + stars: | 2024-09-18 | by ( Olivia Singh | ) www.businessinsider.com time to read: 1 min

Agatha Harkness is a witch who was put on trial in Salem in 1693 for betraying her coven. Hahn as Agatha in "WandaVision." Marvel StudiosAgatha goes rogue by stealing forbidden knowledge and practicing dark magic, which is against the rules. During her trial, Agatha's power takes over and she murders the other members of her coven, including her mother, before they can kill her. Beyond learning the source of Wanda's immense power, Agatha's main objective is to take the power for herself.

Persons: Agatha Harkness, Hahn, Agatha, Marvel Studios Agatha, Wanda Organizations: Marvel Studios Locations: Salem, Westview

While top executives from Alphabet , Meta and Microsoft are headed to Capitol Hill on Wednesday for a hearing on election threats, Elon Musk's X won't be participating. A representative for Sen. Mark R. Warner, the Democratic chair of the Senate Intelligence Committee, said in an emailed statement that X "declined to send an appropriate witness." The hearing is titled "Foreign Threats to Elections in 2024 — Roles and Responsibilities of U.S. Tech Providers." On Wednesday, Musk shared a false story on X that claimed explosives were found in a car near Trump's planned rally in Long Island, New York. "Under X, they are absent and some of the most egregious activity has taken place" on the platform, Warner said.

Persons: Elon Musk's, Sen, Mark R, Nick Pickles, Pickles, Kent Walker, Nick Clegg, Brad Smith, Marco Rubio, Joe Biden, Donald Trump, Biden, Merrick Garland, Musk, Kamala Harris, Harris, Warner Organizations: Microsoft, Capitol Hill, Warner, Democratic, Senate Intelligence, X, CNBC, U.S . Tech Providers, Republican, Social Design Agency, U.S . Department, Foreign Assets, Nassau County police, SpaceX, FAA Locations: Russian, Russia, Iran, China, Long Island , New York, Nassau County

☆ CNBC Daily Open: Hoping for a 50-basis-point cut
▼ + stars: | 2024-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Without any warning signs flashing red, it's difficult for the Fed to justify lowering rates by more than a quarter point. That's why some economists and analysts hope the Fed will cut by half a point. "But I suspect they'll cut 25," Zandi added.

Persons: Anna Moneymaker, Mark Zandi, they'll, Zandi, Hope, Jeff Cox, Hakyung Kim, Samantha Subin Organizations: Federal Reserve, Getty, CNBC, Dow, Moody's Locations: Washington , DC, U.S

☆ 40-year-old self-made millionaire: 5 frugal habits I'll never quit
▼ + stars: | 2024-09-18 | by ( Jonathan Sanchez | ) www.cnbc.com time to read: +6 min

Although I hit this financial milestone, there are some frugal habits that I will never give up:1. Thanks to that mindset, I'm still very cautious about my credit card usage. I always pay off the credit card balance every month to avoid paying additional interest. Ultimately, these frugal habits help us put our resources towards the things that matter the most to us. He was raised with frugal habits and by practicing wise money decisions, became a millionaire in his 30s.

Persons: —, I'm, frugality, I've, Vue, Randy Pausch, Jonathan Sanchez Organizations: Parent Locations: Omaha

☆ CNBC Daily Open: Hoping for a half-point cut
▼ + stars: | 2024-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Persons: Anna Moneymaker, Mark Zandi, they'll, Zandi, Hope, Jeff Cox, Hakyung Kim, Samantha Subin Organizations: Federal Reserve, Getty, CNBC, Dow, Moody's Locations: Washington , DC, U.S

☆ Decades of national suicide prevention policies haven’t slowed the deaths
▼ + stars: | 2024-09-18 | by ( Cheryl Platzman Weinstock | Kff Health News | ) edition.cnn.com time to read: +9 min

Globally: The International Association for Suicide Prevention and Befrienders Worldwide have contact information for crisis centers around the world. But, Mehta said, “we act like we know everything there is to know about suicide prevention. During the past two decades federal officials have launched three national suicide prevention strategies, including one announced in April. Without accurate statistics, researchers can’t figure out who dies most often by suicide, what prevention strategies are working, and where prevention money is needed most. Similarly, the fledgling 988 Suicide & Crisis Lifeline faces similar, serious problems.

Persons: Pooja Mehta’s, Raj, “, ”, Mehta, —, Michael Schoenbaum, ” Schoenbaum, Schoenbaum, Jane Pearson, Kim Deti, Janet Lee, haven’t, Anita Everett, Dr, Sanjay Gupta, Lena Heilmann, ” Mehta, Cheryl Platzman Organizations: KFF Health, International Association for Suicide Prevention, Befrienders, Mental Health, Alaska Natives, Centers for Disease Control, CDC, National Institute of Mental Health, NIMH, Wyoming Department of Health, Lewis Katz School of Medicine, Temple University, National Alliance, Mental, Mental Health Services Administration, Center for Mental Health, CNN, CNN Health, state’s, Colorado Department of Public Health, Environment, KFF, National Institute for Health Care Management Foundation Locations: Arlington , Virginia, Alaska , Montana , North Dakota, Wyoming, SAMHSA, Colorado

☆ How Cassie Ventura’s courage led to the Sean ‘Diddy’ Combs indictment
▼ + stars: | 2024-09-18 | by ( Lisa Respers France | ) edition.cnn.com time to read: +7 min

Combs‘ decision to settle the lawsuit does not in any way undermine his flat-out denial of the claims,” Combs’ attorney said at the time. CNN has reached out to representatives for Ventura for comment on Combs’ criminal indictment, which may not have happened had she not had the courage to share her account. Her talent and beauty attracted the attention of Combs, who signed Ventura to his Bad Boy Entertainment label. Ventura and Combs first went public with their romantic relationship in 2012 and were soon regulars at fashion shows and Hollywood parties. I’m truly sorry.”Ventura thanked her supporters and turned her focus to domestic violence survivors.

Persons: Cassie Ventura, Sean “ Diddy ” Combs, Mr, Combs, ” Combs, Elizabeth Ventura, Ventura, Ryan Leslie, ”, “, Sean John, Lil Wayne, Madam Noire, ” Cassie, Kevin Mazur, you’re, ‘ Aw, ’, Alex Fine, ‘, “ Cassie, ” Sean Combs, Angela Weiss, ” Ventura, Slim Thug, I’m Organizations: CNN, Ventura, Bad Boy Entertainment, Hollywood, Pitchfork, BET, Getty, New York, “ Locations: Combs, New London , Connecticut, New York, Los Angeles, ”

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Persons: you've, Plex Organizations: Business, Hulu, Netflix, Amazon Prime Locations: Plex

☆ It's not just the rhetoric — apathy and jokes could be fueling a spiral of retaliatory political violence, expert warns
▼ + stars: | 2024-09-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

And an expert in political violence and terrorism is worried the worst is yet to come. The justification of political violence online is getting worse, too, with increasingly high-profile people laughing off violent incidents. Plenty of such data exists about Trump's rhetoric, Pape noted, and he said there is no doubt that "incendiary political rhetoric increases support for political violence." "What you're seeing is real-world violence reflecting this significant rhetorical support for political violence on both the right and the left," Pape said. "There is an incentive to do what we know stokes support for political violence.

Persons: —, Robert Pape, Pape, Nancy Pelosi's, Barack Obama's, Donald Trump's, Steve Scalise, Elon Musk, Sunday's, Trump, haven't, Joe Biden, Kamala Harris, Musk, snickering, " Pape, he's, Biden, stokes Organizations: Service, World Justice, Democratic, GOP, Business, Democrat, Republican, Marist, PBS, Chicago Project, Security, University of Chicago, Department of Justice, Congressional, Trump, Republicans Locations: Louisiana, Butler , Pennsylvania, —

☆ America is ready to go big on AI infrastructure
▼ + stars: | 2024-09-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Its backers have committed to driving the "significant infrastructure investment" needed to make AI more powerful. Critically, the firms behind the fund said these infrastructure investments "will be chiefly in the United States," where it plans to fuel AI innovation and economic growth. It will also fund the energy infrastructure needed to power them. AdvertisementData centers, chip manufacturing plants, and energy supply are all vital for making AI tick. AdvertisementThe headline result was the launch of a new task force on AI data center infrastructure, designed to underscore the vital importance of building out the infrastructure needed to maintain momentum in the generative AI race.

Persons: —, MGX, Brad Smith, Lindsey Wasson, TSMC, Justin Sullivan, Getty, CBRE, Nvidia's Jensen Huang, Sam Altman, Gina Raimondo Organizations: Service, Microsoft, BlackRock, Business, Global Infrastructure Partners, REUTERS, US, Nvidia, Congress, Financial Times, Big Tech Locations: Taiwan, China, United States, Abu Dhabi, Chicago, Northern Virginia, Washington

Mortgage rates have dropped substantially in recent weeks, with 30-year rates now almost 40 basis points down from where they started the month. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates have gone down this week and are now hovering below 5.60%, according to Zillow data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Because markets are already anticipating that the Fed will lower rates, mortgage rates might not drop much in response to a Fed rate cut.

Persons: it's, refinance, you'll, Freddie Mac Organizations: Federal Reserve, Zillow, Fed Locations: Chevron

☆ These are the '50 best hotels' in the world for 2024
▼ + stars: | 2024-09-18 | by ( Chris Dwyer | ) www.cnbc.com time to read: +7 min

That's the collective view of 600 anonymous global voters, comprising travel journalists, hoteliers and seasoned travel specialists, which determined the results of " The World's 50 Best Hotels ," announced Tuesday in London's historic Guildhall. Capella Bangkok is the new "best hotel" in the world, according to the 50 Best organization. It has long produced rankings in the culinary world, releasing "The World's 50 Best Restaurants" since 2002, and 'The World's 50 Best Bars' since 2009. The Art of Hospitality Award went to Morocco's Royal Mansour, and the Best Beach Hotel Award went to Soneva Fushi in The Maldives. Members of the 50 Best organization "do not vote and do not control the composition of the list," Emma Sleight, head of content for The World's 50 Best Hotels told CNBC.

Persons: Mauro Colagreco, Bangkok's Chao, John Blanco, it's, Josephine Ping, It's, Hong Kong Cheval, Singapore Aman, Japan Soneva, France Chablé, Italy Borgo, São, Japan Mount, Carlyle, Eden, Royal Mansour, Lisciano, Italy Suján, India Singita –, Brando, Tetiaroa, Mount Nelson, Bulgari, Morocco's Royal Mansour, Soneva, Aman, Sonia Cheng, Emma, — Organizations: Michelin, Capella, CNBC, Italy Rosewood, Hong Kong Raffles, Maldives Atlantis, Thailand Raffles, UAE Rosewood, Hyatt Kyoto, Seasons Madrid, Spain Capella Singapore, Surf, Bel, Scotland, Kruger, Park, Australia Kokomo, Asia — Capella, America Rosewood, Oceania, Raffles London, Atlantis, Hospitality, Morocco's, Eco, luxe, Rosewood Hotel, Hotels Locations: London's, Capella Bangkok, Kings, Italy's Lake Como, Bangkok, Thailand, Lake Como, Italy, Italy Rosewood Hong Kong, Hong Kong, Hong Kong Cheval Blanc , Paris, France, Hong Kong Raffles Singapore, Singapore, Singapore Aman Tokyo, Tokyo, Japan, Japan Soneva Fushi, Maldives, Dubai, UAE, Sumba, Sumba Island, Indonesia Claridge's, London, Thailand Raffles London, Chao Phraya, Crillon, Paris, Chocholá, Mexico, Antibes, Maya, Florence, Amalfi, Bali, Indonesia, Lana, Paulo, São Paulo, Brazil, Brisbane, Australia, Siam, Kyoto, Japan Mount Nelson, Cape Town , South Africa, Riviera Nayarit, Carlyle , New York, U.S, Mamounia, Marrakech, Morocco, Madrid, Spain, Surfside, Los Angeles , U.S, St, Barths, Caribbean Aman New York , New York, Galle, Sri Lanka, Bristol, Auchterarder, Lisciano Niccone, Italy Suján Jawai, Rajasthan, India, South, Zighy, Oman, Connaught, UK, Polynesia, Tulum, Tasman, Hobart, Yaukuve Levu, Fiji, Asia, Europe, North America, Africa, Oceania, South America, Asia — Capella Bangkok, America, Yucatan, America Rosewood Sao Paulo, New York, Bulgari Tokyo, Istanbul, The Maldives

☆ Rate cuts are good for dividend stocks. Here's where we stand on our 5 biggest payers
▼ + stars: | 2024-09-18 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

We have a handful of them in the Club's portfolio, led by Best Buy . The five Club stocks with the biggest dividend yields fit the bill: Best Buy, Morgan Stanley , Coterra Energy , Stanley Black & Decker and Wells Fargo . Best Buy, Stanley Black & Decker and Wells Fargo are the best positioned of the five top-yielding Club stocks. "Morgan Stanley is now in no man's land: Too low to sell, too high to buy," Jim said. Customers look at appliances for sale at a Best Buy store in Miami, Florida, Oct. 8, 2021.

Persons: we're, Morgan Stanley, Stanley Black, Decker, Wells, Wells Fargo, Jim Cramer, Jim, Charlie Scharf, Coterra, it's, Jim Cramer's, Joe Raedle Organizations: Best, Coterra Energy, BBY, JPMorgan, Texas, Jim Cramer's Charitable, CNBC, Getty Locations: U.S, Wells Fargo, Miami , Florida

☆ Diddy's lawyers are headed back to court Wednesday to negotiate his release from jail on a $50 million bond
▼ + stars: | 2024-09-18 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewLawyers for Sean "Diddy" Combs are trying again Wednesday to keep him out of jail ahead of his criminal trial, asking another federal judge to accept a $50 million bond package. Tarnofsky's decision meant Combs would be in jail ahead of his criminal trial, which has not yet been scheduled. Related storiesAngifilio stressed at the Tuesday hearing and in court documents that Combs had taken extraordinary measures to cooperate with prosecutors for months. Carter, the district court judge, may now decide whether to reconsider the terms of Comb's release and set him free pending trial. Combs or prosecutors may also appeal Carter's decision to the US Second Circuit Court of Appeals, and from there to the US Supreme Court.

Persons: —, Sean, Diddy, Combs, Robyn Tarnofsky, Tarnofsky, Andrew Carter, Sam Bankman, Kelly, Ghislaine Maxwell, Michael Cohen, Marc Agnifilo, Cassie Ventura, Ventura, Agnifilo, Angifilio, Carter Organizations: Service, Business, of Prisons, Detention, Federal, Miami, Prosecutors, Metropolitan Detention, US, Circuit, Appeals Locations: Manhattan, Brooklyn's

☆ MIND diet slows cognitive decline, especially in women and Black people
▼ + stars: | 2024-09-18 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +5 min

CNN —Following the MIND diet for 10 years produced a small but significant decrease in the risk of developing thinking, concentration and memory problems, a new study found. The MIND diet was specifically designed to combat cognitive decline, said lead study author Dr. Russell Sawyer, an assistant professor of clinical neurology and rehabilitation medicine at the University of Cincinnati Gardner Neuroscience Institute. People who followed the MIND diet more closely were 4% less likely to develop memory and thinking problems than those who did not adhere to the diet, the study found. “The benefits of the MIND diet may have a differential impact in women and Blacks and this is an area for future research.”Leafy green vegetables, berries, whole grains, seeds, and a bit of fish and poultry are staples of the MIND diet. jenifoto/iStockphoto/Getty ImagesMore research neededA 2023 randomized controlled clinical trial found the MIND diet no better than the control diet in reducing signs of cognitive decline in the brain.

Persons: Russell Sawyer, ” Sawyer, Sawyer, ”, David Katz, ” Katz Organizations: CNN, University of Cincinnati Gardner Neuroscience Institute, “, True Health Initiative, American Academy of Neurology, National Institutes of Health, Southern, Blacks

☆ Apple made its cheapest iPhone 16 so good there aren't many reasons you'll need the Pro version
▼ + stars: | 2024-09-18 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Unlike previous years, when the Pro was clearly more updated than lesser models, the basic iPhone 16 has more notable upgrades. The iPhone 16 comes with the customizable Action button that was previously exclusive to iPhone 15 Pro models. AdvertisementThe iPhone 16 starts at $799, and the iPhone 16 Plus costs about $899. "The key factor is the lower-than-expected demand for the iPhone 16 Pro series," he wrote. The iPhone 16 and iPhone 16 Plus come in five colors: ultramarine, teal, pink, white, and black.

Persons: —, Pro Max, bode, Cherlynn, Nilay Patel, Chi Kuo, Kuo, Siri, Max, Allison Johnson Organizations: Service, Pro, Business, Apple, Apple Intelligence Locations: Taiwan

☆ I tried Nestlé's new weight-loss meals, and felt full for hours — but nutritionists have mixed reviews
▼ + stars: | 2024-09-18 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +9 min

This story is available exclusively to Business Insider subscribers. Vital PursuitThe meals cost less than $5 and are available at retailers including Target and Walmart, starting Wednesday, according to the company. These small meals, branded as protein-rich, are designed to help GLP-1 users lose more fat, and less muscle. "We want to be a brand for those 82% of Americans who are managing their weight," Stoehr told Business Insider, referencing a Morgan Stanley report. "These meals seem like a decent option... but not a great one," Malloy wrote in an email to Business Insider.

Persons: —, Nestlé, Kristen Stoehr, Stoehr, Morgan Stanley, We're, Alix Turoff, Mike Molloy, Hilary Brueck, I've, I'd, Turoff, Malloy, It's, that's, I'm, Nestlé's, Marlene Schmidt, Morgan Stanley's Organizations: Service, Business, Target, Walmart Locations: Nestlé, New York

☆ The 'Fed put' is back. Here's why central bankers will want to support the stock market, according to Fundstrat's Tom Lee.
▼ + stars: | 2024-09-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

That's because the Fed wants a "healthy economy," a big component of which is a strong stock market, he said. AdvertisementThe "Fed put" is back, and stock investors may not be fully pricing in the good news, according to Fundstrat's head of research Tom Lee. The prominent stock bull pointed to the idea that central bankers could move to further ease monetary policy at any sign of weakness in the stock market. AdvertisementA healthy economy, though, hinges on consumer and business confidence, which is largely tied to the stock market, Lee said. We could be seeing turbulence for the next 8 weeks, but this is also in the context of a very strong stock market in 2024," he added.

Persons: Tom Lee, That's, —, Lee, There's Organizations: Fed, Service, Wednesday

☆ People say having teenage daughters means they'll hate you, but mine don't. They just need to be heard and have a snack.
▼ + stars: | 2024-09-18 | by ( Cailey Griffin | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Because I'm grounded in myself, I don't try to helicopter parent or take care of their problems for them. I listen and ask questions about their experience, while not inserting my projecting my own opinion or experience onto them. AdvertisementI prioritize apologizing to my daughters when I mess upWhen my daughters were little, I dealt with a period of undiagnosed postpartum depression. Related storiesSociety positions parenting as a hierarchy where parents lean into the idea that "I'm the parent, I'm right, and I get to treat them in certain ways, and they just have to deal with it."

Persons: Allison Tenney, I've, I'm, there's Organizations: Service

☆ New $100M DOJ lawsuit details the 'unseaworthy' condition of the ship behind Baltimore bridge collapse
▼ + stars: | 2024-09-18 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The ship's owner and manager, the lawsuit says, sent an "ill-prepared crew on an abjectly unseaworthy vessel to navigate the United States' waterways." The lawsuit calls the actions by Grace Ocean Private Ltd, the owner of the vessel, and the ship's operator, Synergy Marine Group, "outrageous, grossly negligent, willful, wanton, and reckless." Darrell Wilson, a spokesperson for Grace Ocean Private Ltd and Synergy Marine Group, told Business Insider in a statement that the legal claim was "anticipated." AdvertisementThe lawsuit is also seeking punitive damages to deter any future "misconduct" by the owner and operator of the Dali.

Persons: —, Francis Scott Key, Dali, Grace, Darrell Wilson, Wilson, Merrick Garland, Garland Organizations: Service, Department, DOJ, Business, Grace Ocean Private Ltd, Synergy Marine Group, Grace Ocean Private, Justice Department, Synergy Marine, Private Locations: Singapore, Baltimore, Maryland, United States, Port of Baltimore

☆ Big Tech companies are getting flatter. Mark Zuckerberg explained why over a year ago.
▼ + stars: | 2024-09-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The move furthers the Big Tech trend of flattening org charts that Mark Zuckerberg and others like Elon Musk have talked about in recent years while preaching the need for efficiency. Related stories"I don't think you want a management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work," the Meta CEO reportedly said in an internal meeting in January 2023. Before Meta's layoffs, Zuckerberg said he inquired about the average number of direct reports each manager had at Meta and learned it was around three to four. AdvertisementBut if Amazon is following Meta and other Big Tech companies' lead — don't be surprised if a middle-management culling is on the horizon.

Persons: —, Mark Zuckerberg, Elon, Andy Jassy, he's, Jassy, Zuckerberg, Meta, Shopify, Brian Chesky, Business Insider's Ashley Stewart Organizations: Service, Amazon, Business, Meta, Wall Street, Big Tech Locations: Silicon Valley, Airbnb

☆ Hezbollah’s credibility depends on revenge against Israel. But its weakness has been exposed
▼ + stars: | 2024-09-18 | by ( Ben Wedeman | ) edition.cnn.com time to read: +4 min

In May 2000, the group managed to drive Israel out of southern Lebanon after a grueling guerilla conflict. On the evening of July 30, an Israeli drone fired two missiles into a residential building in southern Beirut, killing senior Hezbollah commander Fu’ad Shukr. Taken together, the missile attack and the exploding devices represent a dramatic infiltration by Israel of Hezbollah’s critical command and control networks. Israel denied any important targets were struck and no evidence has been made public to contradict that denial. Israel is no longer willing to tolerate the slow-burn war on its northern border and is resorting to ever more extreme and potentially escalatory measures.

Persons: Lebanon CNN —, Assad, Fu’ad Shukr, Shukr’s, Hassan Nasrallah, ” Organizations: Lebanon CNN, Hezbollah, CNN Locations: Beirut, Lebanon, Israel, Iranian, Syria, Iran, Russia, Lebanese, Israeli, pagers, Gaza

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