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☆ Opinion | She Helped Wage the Fight for $15. Where Will Labor Go After Her?
▼ + stars: | 2024-05-20 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

The disappointment is that Henry didn’t manage to increase membership in her own union. In fact, S.E.I.U.’s membership fell to under 1.9 million now from about 2.1 million when she took office. Those workers at McDonald’s, Burger King and other chains who are enjoying higher pay aren’t paying dues to any conventional union. It continues to claim “about” two million members. But in a filing with the Department of Labor in March, the union stated that it had 1,845,500 members, of which 30,015 were retired.

Persons: Mary Kay Henry, Henry, ”, Henry didn’t, Burger King Organizations: Service Employees International Union, National Employment, Department of Labor Locations: United States, McDonald’s

☆ WikiLeaks founder Julian Assange can appeal extradition to U.S., UK court rules
▼ + stars: | 2024-05-20 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

LONDON, ENGLAND - MAY 19: Julian Assange gestures as he speaks to the media from the balcony of the Embassy Of Ecuador on May 19, 2017 in London, England. Photo by Jack Taylor/Getty Images) Jack Taylor | Getty Images News | Getty ImagesLONDON — WikiLeaks founder Julian Assange has the right to appeal against his extradition to the U.S., a high court in London found Monday. The U.K. court also requested assurances that Assange would not face the death penalty. Assange supporters celebrateStella Assange, wife of WikiLeaks founder Julian Assange, speaks outside court after the ruling to grant permission for appeal, on May 20, 2024 in London, England. Peter Nicholls | Getty Images News | Getty Images

Persons: Julian Assange, Jack Taylor, Edward Fitzgerald, Assange, Benjamin Cremel, Fitzgerald, James Lewis, Stella Assange, Peter Nicholls Organizations: Getty, WikiLeaks, Reuters, of Justice, Britain's, Afp, Royal, Monday, U.S Locations: ENGLAND, Ecuador, London, England, U.S, Afghanistan, Iraq, Ecuadorian

☆ We're reading: Will Google's AI answers mean the end of the web?
▼ + stars: | 2024-05-20 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Google is shifting to AI-generated answers for search queries to keep users on its site. This shift raises concerns about the reliability of AI answers and the impact on web traffic. You ask it a question, and it sends you to a site on the internet that can answer that question for you. And now the company is super-sizing that effort with AI-generated answers that are going to be the standard reply for all search in the near future. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Google, Service, Business

Grayscale Investments announced that CEO Michael Sonnenshein stepped down on Monday, ending a 10-year run as the leader of the largest crypto asset manager. Under Sonnenshein, Grayscale played a key role in pushing the U.S. Securities and Exchange Commission to allow bitcoin ETFs. "The crypto asset class is at an important inflection point and this is the right moment for a smooth transition. In 2022, Grayscale launched a lawsuit against the SEC, after regulators turned down its bid to convert the investment vehicle into an exchange-traded fund. Michael Sonnenshein at the 2022 Forbes Iconoclast Summit at New York Historical Society on Nov. 3, 2022.

Persons: Michael Sonnenshein, Peter Mintzberg, Goldman Sachs, Edward McGee, Sonnenshein, Arturo Holmes Organizations: Investments, BlackRock, U.S . Securities, Exchange Commission, SEC, Fidelity, Forbes, Summit, New York Historical Society, Getty Locations: OppenheimerFunds

☆ Francis Ford Coppola says his sci-fi saga 'Megalopolis' is being panned because Hollywood doesn't like rule-breakers
▼ + stars: | 2024-05-19 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Coppola has responded to the negative reaction, expressing his belief that detractors have conspired against him because the film "doesn't play by Hollywood's current rules." AdvertisementHe then dismissed those who had pejoratively called the film a "passion project," stating, "I've never made a film that wasn't a passion project." Little White Lies's David Jenkins wrote that "Megalopolis" is a "celebration of unfettered creativity and farsightedness" and features "a script of toe-tapping word-jazz." To fund "Megalopolis" Coppola sold a significant share of his Northern California wine empire, according to GQ.

Persons: —, Francis Ford Coppola's, Adam Driver, Aubrey Plaza, Jon Voight, Laurence Fishburne, Romy Mars, Sofia Coppola, Coppola, I've, Nathalie Emmanuel, Esther Zuckerman, Peter Bradshaw, Jessica Kiang, White, David Jenkins, Deadline's Damon Wise, Darren Demetre Organizations: Service, Cannes, Business, Air, Daily, GQ, Guardian Locations: Rome, Northern California

Read previewLegal challenges by conservative lawmakers and activists against guaranteed basic income programs are heating up nationwide. Guaranteed basic income programs differ from their idealistic cousin — a universal basic income. AdvertisementWhile localized guaranteed basic income programs are tiny compared to a nationwide universal basic income, they are the subject of no less conservative opposition. Local politicians in places like South Dakota and Arizona have moved to block basic income programs for this reason alone. AdvertisementWhile these arguments appear to support giving basic income payments to a broader group of people, it's unlikely many conservatives would actually support a universal basic income.

Persons: —, Andrew Yang, Sam Altman, Republican Sen, John Wiik, Kathryn Blankenberg, Ken Paxton, Paxton, It's Organizations: Service, Business, Republican, Judicial Watch, American Civil Rights, Texas Locations: South Dakota, Arizona, Dakota, San Francisco, Texas, Houston, Harris County

☆ These stocks, including Nvidia, are still cheap and compelling, Bank of America says
▼ + stars: | 2024-05-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

The other buy-rated stocks are Raymond James Financial , S & P Global , Monster Beverage and Topgolf Callaway Brands. The analyst said he's bullish on each of Raymond James' individual businesses including asset management, capital markets and brokerage services. Further, Raymond James offers a steady stream of organic growth and a "cheap valuation," McLaughlin said. Raymond James is also in a place to take advantage of the current high rate environment, he added. Raymond James Financial "Reiterate Buy; cheap valuation + overlooked qualities.

Persons: Raymond James Financial, Raymond James, Mark McLaughlin, he's, RJF, McLaughlin, Peter Galbo, Galbo, MNST, Topgolf, Alexander Perry, Topgolf Callaway, Perry, … MODG Organizations: of America, Nvidia, CNBC, Bank of, P, Monster Beverage, Topgolf Callaway Brands, Raymond James Financial, Beverage, …, IHS Locations: comps, Topgolf

☆ International Disney parks target U.S. customers with American influencers and bloggers
▼ + stars: | 2024-05-17 | by ( Kat Tenbarge | ) www.cnbc.com time to read: +6 min

As they were originally conceived, Disney's international parks were meant to "bring the unforgettable Disney magic to an international audience," according to the company. While the international parks themselves have always taken steps to accommodate diverse audiences — providing shows and attractions in multiple languages — Disney appears to be marketing the international parks to American audiences in more direct ways. In addition to the content creator efforts, Disney has begun to include its international parks in its own content consumed by Americans. In the Disney+ show "Behind the Attraction," which premiered in 2021, numerous variations on American rides at international parks were discussed and digested for American audiences. Disney creators around the world grew their followings, and demand for content from international Disney parks rose alongside them.

Persons: Peter Pan, Disney, Quincy Stanford, AllEars, Stanford, Emma Kenner, Kenner, Taylor Swift, Rolling Stone Organizations: Disney, Tokyo Disney, YouTube, Disney Parks, NBC, Tokyo Disneyland, Magic, Tokyo Disney Resort, Stanford, Walt Disney Co, Paris La Défense, Rolling, Swift Locations: China, Japan, Tokyo, Shanghai, Hong Kong, U.S, California, Florida, Tokyo ., Paris

☆ A.I. Can Be Really Dumb. But It’s Still a Good Tutor. - The New York Times
▼ + stars: | 2024-05-17 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

I understand why parents are unhappy with the proliferation of computers in school, as my Opinion colleague Jessica Grose documented in a recent series of newsletters. For example, imagine teaching ratios by showing a Yankees fan how to update Aaron Judge’s batting average. can also give teachers and parents the detailed information they need to help their young charges more effectively. As I wrote last month, there’s a risk that A.I. will substitute for human labor and eventually render us all superfluous.

Persons: Jessica Grose, ”, “ we’ve, Aaron Judge’s

☆ In the Aging Senate, 80-Somethings Seeking Re-election Draw Little Criticism
▼ + stars: | 2024-05-17 | by ( Kayla Guo | ) www.nytimes.com time to read: +1 min

While President Biden tries to assuage voter concerns about his age in a presidential race that includes the two oldest men ever to seek the White House, a couple of miles away in the U.S. Senate, the gerontocracy remains alive and well — and little commented upon. The recent news that two octogenarians — Senators Bernie Sanders of Vermont, 82, and Angus King of Maine, 80 — are each running for another six-year term generated little in the way of criticism or worry over age of the kind that Mr. Biden has faced. Their races, which both men are likely to win, are a reminder of how the Senate’s roster is chock-full of lawmakers staying in office at an age when most people are well into retirement. At the start of this Congress last year, the average age of elected officials was 64 in the Senate and 57.9 in the House. “They’re not in short supply around here,” Senator Peter Welch of Vermont, 77, said of octogenarians.

Persons: Biden, —, Bernie Sanders of, Angus King of Maine, “ They’re, Peter Welch of, octogenarians Organizations: U.S . Senate Locations: U.S, Bernie Sanders of Vermont, Peter Welch of Vermont

☆ Here's how the cast of 'Back to Black' compares to the real-life people they're playing
▼ + stars: | 2024-05-17 | by ( Olivia Singh | ) www.businessinsider.com time to read: +1 min

"Industry" star Marisa Abela plays Amy Winehouse. Marisa Abela, left, as Amy Winehouse in "Back to Black." Amy Winehouse, right, performing for the 2008 Grammys. She also recorded Winehouse's music at Abbey Road studios with the late singer's real band and wore two of the musician's real pieces of clothing in the movie. In a recent interview with Stephen Colbert, Abela said that playing Winehouse was "daunting," especially because she's not a singer.

Persons: Marisa Abela, Amy Winehouse, Peter Macdiarmid, Abela, Jamie Matthewman, Anne, Marie Speed, Sarah Green, Giles Martin, Ben Parker, Stephen Colbert, Winehouse, she's

☆ A-League: Soccer players in Australia charged over alleged transnational betting plot
▼ + stars: | 2024-05-17 | by ( Chris Lau | Angus Watson | ) edition.cnn.com time to read: +2 min

Sydney CNN —Three players from Australia’s top soccer league have been arrested and charged over an alleged betting scam, accused of deliberately getting yellow cards and giving away penalties at the behest of a South American criminal. A senior A-League player allegedly took instructions from the mastermind and arranged the infractions with teammates in designated games last year, according to New South Wales Police. Investigators have not disclosed the players’ team, but said they are attached to a club in Sydney’s south-west. Nor did they find evidence that players from other teams may have been complicit, he said. He said the bets were placed offshore, predominantly in South America, with no trace that betting has come from Australia.

Persons: Michael Fitzgerald, ”, Peter Faux Organizations: Sydney CNN —, League, New South Wales Police, Junior, ”, Macarthur FC, NSW Police Locations: American, New, Sydney’s, Sydney, Macarthur, South America, Australia

☆ Heads-up, Apple and the rest of Big Tech: Disney wants better app store deals.
▼ + stars: | 2024-05-16 | by ( Peter Kafka | ) www.businessinsider.com time to read: +2 min

Speaking at an investor conference this week, Iger said he's giving up too much money to the Big Tech app stores that distribute Disney-owned streamers like Hulu and Disney+. "Unlike Netflix, we distribute largely through third-party app stores. App stores and app distribution are a meaningful part of many tech companies' business plans. It's also possible that Disney won't need to leave third-party app stores — or threaten to leave — in order to save money. Maybe one of them will include a way to take a bit less from one of the world's biggest video companies.

Persons: Bob Iger, Iger, Michael Nathanson, I've, It's Organizations: Disney, Apple, Google, Big Tech, Hulu, Business, Netflix, signups

☆ Calls to Pause Slovakia’s E.U. Election Campaigning Raise Questions
▼ + stars: | 2024-05-16 | by ( Matina Stevis-Gridneff | More About Matina Stevis-Gridneff | ) www.nytimes.com time to read: +1 min

Calls are growing in Slovakia for political parties to suspend campaigning for the European Union elections, just three weeks away, in the wake of the assassination attempt on the prime minister in the sharply polarized country. The president-elect of Slovakia, Peter Pellegrini, and others say the step is necessary to avoid further inflammatory political discourse, which has escalated further since the shooting that left Prime Minister Robert Fico badly wounded. At least one party, the opposition Progress Slovakia party, said it would immediately suspend its campaign, to help “end the spiral of attacks and blame.”The local news media reported that another party, the Christian Democratic Movement, had also paused campaigning. It is not clear how long such suspensions would last or what that would mean for Slovakia’s participation in the E.U. Voters across the European Union will elect 720 European Parliament representatives, with polling scheduled to take place in all 27 of the bloc’s members from June 6 to 9.

Persons: Peter Pellegrini, Robert Fico Organizations: European Union, Slovakia, Christian Democratic Movement Locations: Slovakia

☆ Some data in the market-moving CPI report was released early by the Labor Department
▼ + stars: | 2024-05-16 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Information about Wednesday's critical consumer price index release circulated early on the Bureau of Labor Statistics website, according to a statement from the agency. The statement provided few details but noted that the Labor Department agency has notified the Office of Management and Budget and the department's Office of the Inspector General. There was no other information provided concerning the early release of the CPI, a key inflation indicator that showed another increase in April, though slightly less than what the Wall Street consensus had anticipated. ET release, though there was little unusual activity in the half-hour prior, indicating that the early release was not widely seen and did not materially impact trading. Core inflation, which excludes food and energy, ran at a 0.3% rate monthly rate and 3.6% annually, the lowest since April 2022.

Persons: Wednesday's, Peter Boockvar, Trump, Boockvar, Stocks Organizations: Bureau of Labor Statistics, BLS, Labor Department, Management, Budget, CPI, Bleakley Locations: Washington

☆ How Chris Kreider, Rangers rallied to close out Hurricanes: 5 takeaways
▼ + stars: | 2024-05-16 | by ( Arthur Staple | ) www.nytimes.com time to read: +5 min

Chris Kreider wouldn’t let the New York Rangers lose again. After losing Games 4 and 5 following a 3-0 series start, the Rangers were in trouble again Thursday, down 3-1 entering the third period. AdvertisementOn just their second power play of the game 5:11 later, Kreider tipped a waist-high shot by Artemi Panarin behind Andersen to tie it. Andersen keeps Rangers in it, tooThe biggest difference in the series was in net, as many expected. The final special teams tally for the series: The Rangers went 5-for-19 on the power play and Carolina went 2-for-21 while allowing two Rangers shorthanded goals.

Persons: Chris Kreider wouldn’t, Kreider, Frederik Andersen, Artemi Panarin, Andersen, Ryan Lindgren, Barclay Goodrow, Igor Shesterkin, Jordan Staal, Shesterkin, Andrei Svechnikov, CHRISTOPHER JAMES KREIDER 🤩, hird, rick C hallenge, rick, hort, eriod, ross, ade, ake G, kate Organizations: New York Rangers, Rangers, Eastern Conference, Carolina Hurricanes, Hurricanes, ust Locations: York, New York, ried, osh

☆ Taylor Swift's Eras Tour could give the UK economy a $1.2 billion boost
▼ + stars: | 2024-05-16 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +2 min

Taylor Swift performs during The Eras Tour at the National Stadium in Singapore on March 2, 2024. Taylor Swift's Eras Tour is set to provide a £997 million ($1.2 billion) boost to the U.K. economy, according to Barclays, which predicts fans will spend an average £848 to see the singer. Barclays' "Swiftonomics" report said the average amount spent on an Eras Tour ticket is £206. The bank also expects ticket-holders to splash out an average of £79 on official merchandise on the U.K. leg of the Eras Tour, which kicks off in June. Based on that total spend of £848 by nearly 1.2 million ticket-holders, across 15 nights at four stadiums, Barclays predicted that the tour will rake in £997 million.

Persons: Taylor Swift, Taylor, Elvis, Beatlemania, Peter Brooks, Swift, Beyoncé, Bruce Springsteen, Filip Andersson, — CNBC's Sophie Kiderlin Organizations: Barclays, Danske Bank, CNBC Locations: Singapore, That's, Stockholm, Sweden

☆ Jobseekers and Recruiters Are Both Using AI in Hiring. It's Chaos.
▼ + stars: | 2024-05-16 | by ( Shubham Agarwal | ) www.businessinsider.com time to read: +11 min

They can now add AI recruiting systems to that pile. It turns hiring into a depersonalized process, it inundates hiring managers, and it reinforces weaknesses in the system it's designed to improve. AI is supposed to fix this mess, saving companies time and money by outsourcing even more of the hiring process to machine-learning algorithms. Platforms like LinkedIn and ZipRecruiter have started using generative AI to offer candidates personalized job recommendations and let recruiters generate listings in seconds. Several seasoned recruiters told me they hadn't incorporated AI into their workflow beyond auto-generating job descriptions and summarizing candidate calls.

Persons: Josh Holbrook, Holbrook, I've, Rik Mistry, Ian Siegel, —, ZipRecruiter, weren't, it's, Tatiana Becker, Becker, Pallavi Sinha, Sinha, Kerry McInerney, Danielle Caldwell, chatbot, Caldwell, Mclnerney, Peter Laughter, who's, Bonnie Dilber, Dilber, Aki Ito, Sandra Wachter, Wachter, David Francis Organizations: Business, Society for Human Resource Management, LinkedIn, Unilever, Google, BI, Microsoft, University of Cambridge, University of Sussex, Berkeley Haas Center for Equity, Gender, Leadership, Black, University of Oxford, IBM, Talent Tech Labs Locations: Alaska, HireVue, Humanly, Portland , Oregon, Zapier

☆ Meme Stock Craze: the Sad Return of Roaring Kitty, GameStop, and AMC
▼ + stars: | 2024-05-16 | by ( Emily Stewart | ) www.businessinsider.com time to read: +5 min

Gill, who goes by Roaring Kitty on X and YouTube and by DeepFuckingValue on Reddit, was at the center of the 2021 GameStop saga. Shares of AMC, GameStop's fellow meme stock, surged by nearly 80% on Monday and 30% on Tuesday. What's changed is Roaring Kitty is tweeting, and not even really about a company. If you bought GameStop or AMC shares in 2021, it might not be a bad time to consider selling some to break even. Roaring Kitty is back, and people are tossing their money into the GameStop slot machine.

Persons: Keith Gill, Gill, Roaring Kitty, DeepFuckingValue, Davids, — Gill, tweeting, hasn't, me Gill, they're, it's, Robinhood, Bitcoin, Matt Damon, Eminem, Peter Kafka, cryptocurrency, Kitty Organizations: GameStop, YouTube, Porsche, AMC, UFC Locations: Massachusetts, What's, America

☆ Live Updates: Inflation Expected to Cool Slightly
▼ + stars: | 2024-05-15 | by ( Ben Casselman | ) www.nytimes.com time to read: +9 min

Housing Inflation Remains Stubbornly High Economists had expected two measures of rental inflation to fade in 2023 and 2024, but that process is taking time to play out. There are two main measures of inflation in America, the Consumer Price Index and the Personal Consumption Expenditures index. Consumer Price Index Inflation Remains Hotter The Consumer Price Index is climbing faster than the Personal Consumption Expenditures index, in large part because it weights housing more heavily. With housing, Consumer Price Index inflation totaled 3.5 percent in March. But the convergence between new and existing rent inflation is taking a lot longer than expected.

Persons: There’s, “ It’s, ”, Mark Zandi, Biden, Zandi, grousing, “, O.E.R, We’re, would’ve, Mark Franceski, I’ve, Ernie Tedeschi, Tedeschi Organizations: New York Times, Federal Reserve, Index, Housing, Zelman, Associates, White House Council, Economic Advisers Locations: America, bam, Europe

☆ Netflix inks a 3-year deal with the NFL to show football games
▼ + stars: | 2024-05-15 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Netflix announced a three-season deal with the NFL. The streamer will show two NFL games on Christmas this year. AdvertisementNo more wondering if Netflix is going to show real live sports: The streamer now has a three-season deal with the most popular sports league in America — the NFL. Netflix will show two NFL games on Christmas Day this year, plus "at least one" game on Christmas in 2025 and 2026, the company and the NFL announced Wednesday. The deal will cost Netflix "less than $150 million per game," Bloomberg reports.

Persons: — Organizations: Netflix, NFL, Service, America —, Bloomberg, Business Locations: America

☆ U.S. Bridges Face ‘Increased Risks’ From Large Ships, Coast Guard Says
▼ + stars: | 2024-05-15 | by ( Mike Baker | ) www.nytimes.com time to read: +1 min

The much larger ships navigating U.S. ports have raised the risk of deadly crashes, requiring a fresh look at bridges and other key infrastructure that may need enhanced protections, a U.S. Coast Guard official said on Wednesday. “It is time to more broadly understand these risks,” Mr. Gautier told the House transportation and infrastructure committee, which is examining the federal response to the crash. He said the Coast Guard would be starting a nationwide review to examine vulnerabilities and propose plans to reduce the risk of disastrous accidents. Jennifer Homendy, the chair of the National Transportation Safety Board, said during the hearing that states and other bridge operators should be evaluating the types of vessels traveling through their waterways, especially near older bridges. While her agency expects to take about 18 months to produce a final report on the Baltimore disaster, she said officials might issue urgent safety recommendations even sooner.

Persons: Adm, Peter Gautier, Francis Scott Key, Mr, Gautier, Jennifer Homendy Organizations: U.S . Coast Guard, Coast Guard, National Transportation Safety Locations: U.S, Baltimore

☆ Judge rejects another Peter Navarro request to cut prison sentence short
▼ + stars: | 2024-05-15 | by ( Dan Berman | ) edition.cnn.com time to read: 1 min

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☆ Bitcoin could see a wave of forced selling as miners face the reality of lower rewards post-halving, research firm says
▼ + stars: | 2024-05-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Bitcoin's halving in April could force crypto miners to sell some tokens, Kaiko Research reported. These firms haven't yet had to tap their bitcoin hoards thanks to high transaction fees, but that could change. The April halving is a pre-coded event in which the amount of bitcoin rewarded to crypto miners is slashed in half. According to Bloomberg, fees jumped amid a burst of meme-coin creation after the halving event. Miners are often known for hoarding bitcoin troves without selling, which analysts have previously pointed out as another price-boosting supply constraint.

Persons: —, Kaiko, bitcoin, Peter Brandt Organizations: Research, Service, Bloomberg, Mining, Marathon Digital, BTC

☆ U.S. Suspends Funding for Group at Center of Covid Origins Fight
▼ + stars: | 2024-05-15 | by ( Benjamin Mueller | ) www.nytimes.com time to read: +1 min

The Biden administration, under acute pressure from House lawmakers, moved on Wednesday to ban funding for a prominent virus-hunting nonprofit group whose work with Chinese scientists had put it at the heart of theories that Covid leaked from a lab. Republicans went further, demanding that Peter Daszak, the president of the nonprofit, EcoHealth Alliance, be criminally investigated. For EcoHealth, which relied on federal funding to study the threat of wild animal viruses, the loss of funding is another twist in a saga that has long dominated discussions of how the pandemic began. In April 2020, under orders from the Trump administration, the National Institutes of Health terminated a grant to EcoHealth amid President Donald J. Trump’s feud with China over the origin of the coronavirus. had failed to give a proper cause for ending the grant, which supplied an average of roughly $625,000 per year.

Persons: Peter Daszak, Trump, Donald J, Trump’s Organizations: Biden, Department of Health, Human Services, Republicans, EcoHealth Alliance, National Institutes of Health Locations: Wuhan, China

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