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☆ TSMC chips reportedly ended up at Huawei. It raises concerns about 'shadow networks' bypassing US sanctions.
▼ + stars: | 2024-10-24 | by ( Huileng Tan | Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

TSMC halted shipments to a client after its chips were found in Huawei products, per reports. Min-yen Chiang, a researcher, told BI it raises the questions about a "shadow network" of chip supply. TSMC, Huawei, and the Commerce Department did not immediately respond to Business Insider's requests for comments. Related storiesA 'shadow network' of chipsThe report adds to US concerns that Huawei is potentially obtaining advanced chips despite being blacklisted since 2020. "This question is slightly different than whether Huawei got restricted chips from TSMC through illegal channels," she told GZERO Media, a subsidiary of the Eurasia Group.

Persons: Chiang, —, TSMC, John Moolenaar, Moolenaar, Kate Leaman, Leaman, JW Kuo, Xiaomeng Lu, Lu Organizations: Huawei, Service, Taiwan Semiconductor Manufacturing Company, Huawei Technologies, AFP, Bloomberg, Chinese Communist Party, CCP, BIS, Commerce Department, US Commerce Department, Apple, Nvidia, Export, US Commerce, agency's Bureau of Industry, Security, Eurasia Group, GZERO Media Locations: Taipei

☆ Prospects of a Trump win and huge tariffs spark worst sell-off for emerging market stocks in 10 months
▼ + stars: | 2024-10-24 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

The slump comes as investors price in higher odds of a Trump win in the upcoming US election. Emerging market stocks are headed for their worst monthly decline since January, with the MSCI Emerging Markets Index falling for a fourth day on Thursday for a 3.1% decline this month. A select few EM stocks have taken the biggest hits, with Samsung, Alibaba, Tencent, and Meituan accounting for more than half of the index's fall. "There has been a significant change in investor sentiment, and investors' risk budgets have likely been changing as a function of that." Investors are also expressing disappointment in China's stimulus measures, which initially fueled a rally in EM stocks last month.

Persons: Trump, —, It's, Donald Trump, Joe Biden, Harris Organizations: Trump, Service, Samsung, Citi Locations: China

☆ The art market is in a correction as big spenders fade
▼ + stars: | 2024-10-24 | by ( Robert Frank | ) www.cnbc.com time to read: +5 min

The number of wealthy collectors surveyed who plan to purchase art in the next year fell to 43% from over half in 2023. The median spending on art by wealthy collectors remains stable at around $50,000 a year, according to the survey. Higher interest rates also raised the opportunity cost of buying art, since wealthy collectors could earn an easy 5% or more from cash and Treasuries. Just as in the classic-car market, the art market is going through a generational shift that's created a mismatch between supply and demand. According to the survey, the high end of the art market, or works priced at $10 million or more, was the strongest before 2022.

Persons: Andy Warhol, Jean, Michel Basquiat, Wiktor, Robert Frank, Phillips, Bonhams, Paul Donovan, Xers, they're, Donovan, Gen Xers, Gen Organizations: Art Basel, UBS Survey, UBS Global Wealth Management, Art Basel Miami Beach, Dealers, UBS Locations: London, United Kingdom, Christie's, Sotheby's, New York, East, Ukraine, Europe, China

Michael Flynn speaking at a ReAwaken America Tour event in Manheim, Pennsylvania on October 21, 2022. But he is suing the ReAwaken America Tour and The America Project as part of separate defamation lawsuits. Funding a sham 2020 election auditFlynn’s efforts to cast doubt on the 2020 election results were only getting started when Trump left office. Clay Clark on stage at the final stop of the ReAwaken America Tour event 17 days before the 2024 election. ‘Don’t just finish on Election Day’Consequences have mounted for others who echoed Trump election lies during and after the election.

Persons: Donald Trump’s, Michael Flynn, Flynn, Eric Coomer, Coomer, ” Flynn, “, Chris Cuomo, Alex Jones ’, Rod, Trump, ”, Katy, ” Flynn –, –, MAGA, ‘, they’ve, Mark Peterson, Joseph, Mike Flynn, he’s, Olivia Troye, Mike Pence, Troye, ” Troye, Kamala Harris, Dominion —, “ Eric Coomer, Joshua Steinman, Sidney Powell, Rudy Giuliani, Josh, ” Powell, Joe Biden, Steinman, Guy, Michael Lindell, Patrick Byrne, they’re, Christopher Demspey, William Barr, Dominion, Powell, Donald, Tayfun, Jamie Raskin, ” Raskin, Joseph Flynn, Overstock.com, Byrne, Dempsey, ” Joseph Flynn, Michael Flynn’s, Joe Biden’s, Biden, Matt York, Doug Logan, Logan, won’t, Clay Clark, Clark, Carrie Schreck, Joe Oltmann, Oltmann, Eric ”, ‘ Don’t, Powell –, Jenna Ellis, Giuliani, retakes, Flynn’s, Elon Musk, We’ve Organizations: CNN, Dominion Voting Systems, Dominion, ReAwaken, Trump, Iron Ministries, Defense Intelligence Agency, Fox News, America, National Security Council, White, Lindell, ReAwaken America, The America, TAP, National, FBI, Justice Department, Department of Homeland, Defense, Capitol, Washington DC, Anadolu Agency, Getty, Democrat, Coomer, America Project, Veterans Memorial Coliseum, Colorado podcaster, Republican National Committee, Elon Locations: ReAwaken America, Pennsylvania, Manheim , Pennsylvania, Afghanistan, Russian, Washington, Arizona, Maricopa, Florida, Phoenix, Georgia, Oklahoma, Tulsa, ”, Fulton County, Georgia, New York, America, Selma , North Carolina

☆ AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division
▼ + stars: | 2024-10-23 | by ( Hugh Son | ) www.nbcnews.com time to read: +4 min

Morgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted investment banking and trading division, CNBC has learned. It’s most in-demand among salespeople and other client-facing staff who often field questions from hedge funds or other institutional investors, said Huberty. Productivity boostIn a recent demonstration, the GPT-4 based chatbot was able to summarize Morgan Stanley’s position on matters from copper to Nvidia to the finer points of standing up a data center, understanding industry-specific jargon and providing charts and links to source material. The tool is embedded within workers’ browsers as well as Microsoft Teams and Outlook programs to make it readily available. Understandably, Huberty says she is often asked if AI could ultimately replace the analysts who are creating the reams of research published under Morgan Stanley’s banner.

Persons: Morgan Stanley, Katy Huberty, Morgan, ” Huberty, Wall, Pierre Buhler, ” Buhler, ” It’s, Goldman Sachs, Huberty, that’s, “, chatbot, Morgan Stanley’s, ” Organizations: CNBC, JPMorgan Chase, SSA, Co, JPMorgan, Employees, Productivity, Nvidia, Microsoft Locations: San Francisco

☆ WPP's former dealmaker is joining investment bank Canaccord Genuity — a sign advertising M&A could heat up
▼ + stars: | 2024-10-23 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Canaccord Genuity is hiring the former WPP dealmaker Lance Maerov to work on ad and media M&A. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Canadian investment bank Canaccord Genuity is hiring a former top dealmaker at the advertising giant WPP for its advertising and media mergers-and-acquisitions practice, Business Insider can exclusively reveal. Canaccord Genuity didn't respond to requests for comment.

Persons: Lance Maerov, —, Genuity, It's, IPG, Martin Sorrell, Maerov, Sorrell, Mark Read, Andrew Scott, Weinstein, Harvey Weinstein Organizations: WPP, Service, Madison, Mars United Commerce, Publicis Groupe, Verve, Jun, Epsilon, Street, Nike, Tata Consultancy Services, Street Journal, Real Media, Weinstein Co, Vice Media Locations: British

☆ Elder financial harm prevention: How to protect a loved one in cognitive decline
▼ + stars: | 2024-10-23 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +10 min

[As in] ‘You’re not paying your bills!” said Steven Rubin, a certified elder law attorney and partner at Drazen Rubin. Why having a customized power of attorney is beneficialIt’s easy enough to download a standard power of attorney form from the internet. But that doesn’t mean the elderly person, if cognitively able, can’t also maintain control over their finances. Other ways to help a loved one avoid financial pitfallsHaving powers of attorney is the most comprehensive way for you to address potential problems with your loved one’s financial behaviors or spot if they’re being scammed. If scammers have been calling frequently, you might consider changing your loved one’s phone number, if you have powers of attorney, Rubin said.

Persons: ”, Judith Flynn, “, doesn’t, Jonathan Canick, ” Canick, ‘ You’re, Steven Rubin, Drazen Rubin, Rubin, you’ve, Flynn, that’s, cognitively, can’t, “ It’s, ” Flynn, It’s, parent’s “, won’t Organizations: CNN, Research, Falco & Associates, National Academy of Elder, Consumer Financial, Bureau, Facebook, National Institute, Aging

☆ Italian surfer dies after being struck by fish off the coast of Indonesia
▼ + stars: | 2024-10-22 | by ( Alex Stambaugh | ) edition.cnn.com time to read: +2 min

CNN —An Italian surfer has died after being impaled in the chest by a sharp-billed fish while surfing off Indonesia’s West Sumatra coast. Giulia Manfrini, 36, had been surfing in the Mentawai Islands, a remote island chain when she suffered a “freak accident,” said her business partner James Colston. “Unfortunately, even with the brave efforts of her partner, local resort staff and doctors, Giulia couldn’t be saved,” Colston said Sunday in a statement on Instagram. According to a medical report, she suffered a stab wound to the upper left chest with a depth of about five centimeters, the agency said. Together Colston and Manfrini founded travel company AWAVE Travel, which organized trips to popular surfing destinations, including the Mentawai Islands.

Persons: Giulia Manfrini, ”, James Colston, “, Giulia couldn’t, ” Colston, ” Lahmudin Siregar, Manfrini, Colston, Pei Pei, Antara, Venaria Reale, ” Fabio Giulivi, Chiara, Giorgio, ” “ Giulia couldn’t, Giulia Organizations: CNN, AWAVE Locations: Italian, Indonesia’s West Sumatra, Mentawai, Siberut, Venaria, Turin, Italy, ”, Stoke

☆ The 'smartest' thing this HR expert negotiated in a job offer: 'I tell my clients to do that all the time'
▼ + stars: | 2024-10-22 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

A lot of people expect to negotiate the salary of a new job offer, and there are plenty of other benefits on the table too. Doing so helped Tessa White, a career coach with 20 years of HR experience and founder of The Job Doctor, weather a layoff earlier in her career. "The smartest thing I ever did was, I pre-negotiated my severance agreement," White tells CNBC Make It. "When they love you at the company" and want to hire you "is the time to negotiate your severance," she says. What you can negotiate in a severance agreement

Persons: Tessa White, White, I'm, she'd, I've, they've Organizations: CNBC, UnitedHealth Group

Obama focuses his campaign outreach on young Black men. Jeff Swensen / Getty ImagesWill Obama’s outreach to young Black men help Harris?Former President Barack Obama has been on the campaign trail for Kamala Harris, aiming to shore up her support among young Black men. Democrats have been unnerved by recent polls that show Harris’ numbers sagging among Black voters, particularly young men. One of Obama’s tasks leading up to Election Day is to persuade Black men that voting for Donald Trump would be a grievous mistake. 🙌 Russell Wilson made his Steelers debut on “Sunday Night Football” and led Pittsburgh to a 35-17 win against the New York Jets.

Persons: Obama, Sean “ Diddy ” Combs, Jeff Swensen, Harris, Barack Obama, Kamala Harris, It’s, Donald Trump, ”, hasn’t, “ They’re, He’s, podcasters, Read, Trump, ➡️ Harris, Al Sharpton, Mark Cuban, ➡️ Trump, Israel Aaron Schwartz, Michael M, Daniel Penny, Jordan Neely, Penny, Neely, Michael Jackson, Sean, Diddy, Combs, Lucas Jackson, Tony Buzbee, NFL Cary Edmondson, Russell Wilson, ’, Jayden Daniels, Greg Rosenstein, 🙌, aron, odgers,, alo, bea u, lea Organizations: Black, of Arizona, NBC, Trump, MSNBC, Getty, U.S, New York City, NBC News, NFL, Steelers, Jets, Pittsburgh, ards Locations: New York, Los Angeles, Philadelphia, peppering, Iran, Lebanon, New York City, Texas, hol

Prosecutors do not dispute that Neely was acting in an aggressive manner, they said in court documents. Video shows Penny wrapping his legs around Neely’s body as the pair are on the floor of the train car. Raiser said the defense plans to dispute that Penny had Neely in a chokehold at all. Hochul’s announcement came a week after a passenger had slashed a subway conductor in the neck and following other crimes in the subway system. And subway crime was down 5.1% year to date through the end of September, the police department said.

Persons: Daniel Penny, Jordan Neely, Penny, Neely, Michael Jackson, Andrew Savulich, Steven, “, ”, Neely “, ” Penny, Kathy Hochul Organizations: New York City, New York, Police, TNS, Getty, Prosecutors, Marine Corps, Broadway, Lafayette Station, New York Gov, National Guard, Metropolitan Transportation Authority, New York Police Department, NYPD Locations: New York, New York City, Manhattan, excessiveness, Long

But now, as Trump lines up against DeSantis in a battle over a high-profile ballot initiative to legalize marijuana in Florida, the governor’s old ally, Jeff Roe, is working against him. The relationship, however, soured after DeSantis’ presidential ambitions went up in flames. In June, a Fox News survey found that 66% of Florida voters were for marijuana legalization while just 32% were against it — and that came before Trump said he would support the marijuana initiative. So whenever you’re going against that much money, it’s obviously a tough fight.”Jeff Roe led Never Back Down, the main super PAC backing DeSantis' presidential primary bid. “It’s obviously a different opinion than [DeSantis] has.”Other prominent DeSantis supporters are also in potentially difficult political positions.

Persons: Ron DeSantis, Donald Trump, Jeff Roe, DeSantis, Roe, “, ”, Trump, ” Jeff Roe, hasn’t, Trump’s, Anthony Farhat, Ron, Jeff, Sen, Joe Gruters, ” Morgan Hill, Trulieve, Roe —, James Uthmeier, Uthmeier, Farhat, Tom Brady, Robert Kraft, Brady, ” Farhat, ” Matt Dixon, Allan Smith Organizations: Florida Gov, Trump, DeSantis, GOP, Republican, Fox News, PAC, Ballard Partners, Capital City Consulting, NBC News, Florida Republican Party, Republicans, Libertarians, Independents, Smart, New England Patriots, Patriots, Tampa Bay Buccaneers Locations: TALLAHASSEE, Fla, Florida, Tallahassee, New England, Tallahassee , Florida, New York

☆ I'm a boomer who learned to use AI for work. It's made me more productive, but I worry about younger generations misusing it.
▼ + stars: | 2024-10-20 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +8 min

My freelance translation work is flexible and fits around my job as a university teacher. AdvertisementMarco Simões started using AI for translation in 2020. I decided to try out translation work on the side after someone at Intel suggested I work as a translator there. Using AI has meant my productivity has increased, and I can accept more jobs than I did in the past, but pay doesn't necessarily increase. Using AI tools, such as Bard and ChatGPT, I can translate around 1,000 to 1,200 words an hour.

Persons: Marco Simões, Simoes, —, São Paulo, Wintranslation, I've, Bard, ChatGPT, I'm, It's Organizations: BI, Service, Novell, Intel, São Paulo, Google Locations: Sao Paulo, Brazil, São, America

☆ Luxury stocks may be a risky China stimulus bet
▼ + stars: | 2024-10-19 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +7 min

A post-pandemic spending surge led to luxury stocks such as LVMH to reach all-time highs in early 2023, but that soon changed. We believe improved confidence and sentiment is required to reach even our flat year-over-year Chinese luxury growth forecast for 2025," Wallace noted. Luxury stocks are feeling the pressure — year to date, U.S.-traded shares of major players LVMH and Kering are down about 17% and 41%, respectively. Analysts and investors are mixed as to whether the Chinese stimulus measures can revive luxury spending growth among consumers — and whether it will create a meaningful tailwind for luxury companies. Whether the luxury sector can continue growing at the same levels without as much Chinese consumer spending remains in question.

Persons: — stoking, Ben Harburg, Morgan Stanley, Ashley Wallace, Wallace, Jean, Jacques Guiony, Moncler, Hermes, Prada, Richemont, LVMUY CFRUY, —, Edouard Aubin, Sauron, Harburg, LVMH's Guiony, we've Organizations: Alpha, Bank of America, of America, Consumers Locations: China, Covid, 3Q24, U.S, LVMH

☆ Social media's favorite fake rich kid opens up about his online persona — and his new real-life job
▼ + stars: | 2024-10-19 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Aris Yeager shot to fame by parodying a spoiled, rich European caricature on social media. Yeager recently told Business Insider about his online persona. You may have seen the 24-year-old Belgian-American, better known as "The European Kid," at some point on your social media feeds. But the conflation between Yeager's and Louis' life goes further than being mistaken for billionaires' sons. "I could be a Formula 1 driver," Louis told Sainz in a video earlier this year.

Persons: Aris Yeager, Yeager, —, Louis, Fabrizio Brienza, Bernard Arnault, Louis Vuitton, Alexandre Arnault, Yeager's, Moritz, he's, Carlos Sainz Jr, Anne Hathaway, Shaun White, Sainz, I'm, Philip Davis, Lefty, Storytime, Thomas Repelski, Davis Organizations: Service, New York City, Dior, TF1, Google, Hamptons, Northeastern University, Milano Locations: New York, Europe, TikTok, French, Saint, St

☆ Texas husband held on $1M bond in wife's strangulation death that was first reported as suicide
▼ + stars: | 2024-10-18 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

A Texas man accused of strangling his pregnant wife is being held on $1 million bond in the capital murder case. Houston officials say Lee Gilley, 38, killed his wife, Christa Gilley, 38 at their home on Oct. 7. Police were called to the couple’s house on a report of a suicide and found the woman “unresponsive," officials said. The autopsy also revealed Ms. Gilley was about eight weeks pregnant,” police said. Lee Gilley was arrested Oct. 11 and remains in the Harris County Jail on $1 million bond, according to jail records.

Persons: Lee Gilley, Christa Gilley, Gilley, Ed McClees, ” McClees, Christa Gilley’s, “ Christa, Christa’s, ” Organizations: Houston, Police, Hospital, Harris County Institute of Forensic Sciences, NBC News Locations: Texas, Harris, ”, Houston

☆ ‘Nothing less than a miracle’: How one California woman snagged Italy’s new digital nomad visa
▼ + stars: | 2024-10-18 | by ( Julia Buckley | ) edition.cnn.com time to read: +13 min

But although the Italian government’s digital nomad visa launched in April 2024, so far there have been few accounts of people securing one. Italy’s digital nomad visa scheme was first announced in 2022 and launched in April 2024. Apart from anything else, she had a full-time job in San Francisco at the time. Although the website warned of a minimum four-month wait time, she saw an available slot at the San Francisco consulate for 10 days later. Despite her travails to get the visa, Waite says it was worth it.

Persons: we’ll, Stanley Tucci, It’s, Chelsea Waite, —, Tuscany Chelsea Waite Waite, Waite, Bel, “, I’d, Galleria Vittorio Emanuele II, Giuliano Benzin, ”, it’d, ” Waite, Lisa Mei, she’d, ‘ We’ll, Waite – —, ” Chelsea Waite, Milan –, Milan, I’ve, She’s, she’s “, Simona Sirio, — Waite, don’t Organizations: CNN, intel, Getty, San, Milan Cathedral, Duomo, London, Milan, –, Dante Locations: Italy, Italian, lunchbreak, California, San Francisco, Milan, Tuscany, Florence, United States, Galleria Vittorio, Lake Como, London, Como, Greece, Lombardy

☆ People are lonely. Small steps in your community can make a difference
▼ + stars: | 2024-10-18 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +8 min

CNN —Editor’s Note: One Small Thing is a new series to help you take a simple step toward a healthy, impactful goal. But a little more investment in your community may make a big difference, said Dr. Gail Saltz, clinical associate professor of psychiatry at the NewYork-Presbyterian Hospital. One in 5 adults in the United States reported feeling loneliness “a lot of the day yesterday,” according to Gallup data released Tuesday. Building back deeper, more intimate connections may feel hard to do quickly to address your loneliness, but turning your attention to invest in your community may be one small thing you can do to help, Saltz said. Even small daily interactions with strangers in a coffee shop can help boost your mood when you're feeling lonely.

Persons: Gail Saltz, Vivek Murthy, Dan Witters, Gemma Hughes, Saltz, they’ve, ”, John Duffy’s, ” Duffy, “, ” Saltz, wera, ” Hughes, Duffy, they’re Organizations: CNN, Presbyterian Hospital, Gallup, Gallup National Health, University of Leicester School of Business, Invest, Getty, Engage Locations: United States, United Kingdom, Chicago

☆ Wall Street is trying to make AI search sexy
▼ + stars: | 2024-10-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

Finance firms and fintech startups are trying to use generative AI to improve search capabilities. Perfecting search, down the line, could lead to more automation and more complex generative AI tools. It has already onboarded some-25 Wall Street firms onto its generative AI platform. AdvertisementMeanwhile, two Stanford grads came together to build Mako, a generative AI associate for the private-equity industry. The search tool is the bank's second such generative AI tool, the first being a generative AI developer co-pilot that helps software engineers code more efficiently.

Persons: Goldman Sachs, Blackstone, —, Goldman hoovered, Neema Raphael, Raphael, it's, Morgan Stanley's, Keri Smith, Smith, Jeff McMillan, Gabe Stengel, Stanford grads, It's, Peter Anderson, Familiarizing, Goldman Organizations: Service, Bloomberg, Nasdaq, Goldman, Blackstone, Google, Bank of America's, Accenture, Stanford, Balyasny Asset Management Locations: Wall, OpenAI

In a case separate from the hush money trial, Daniels was ordered to pay for Trump’s legal fees after she lost a defamation suit she filed against him. Daniels’ lawyer declined the proposal, Maddow reported. Daniels’ lawyer told MSNBC that they ultimately settled on $627,500 but she did not agree to remain silent. In May, Trump was found guilty on 34 counts of falsifying business records related to hush money paid to Daniels. Trump’s former lawyer Michael Cohen made payments to Daniels in the final stretch of the 2016 presidential campaign.

Persons: Donald Trump, Stormy Daniels, MSNBC’s Rachel Maddow, Daniels, Trump, ”, Maddow, Daniels ’, Steven Cheung, President Trump, Ms, Michael Cohen, Cohen Organizations: Trump, New, MSNBC, ” MSNBC Locations: New York

LOS ANGELES — Los Angeles County District Attorney George Gascón told NBC News on Wednesday he hopes to make a decision within 10 days about whether to recommend resentencing for the Menendez brothers — and that, if he does, it’s possible they could be out of prison by the end of the year. Erik and Lyle Menendez are serving life sentences without parole for the 1989 shotgun slayings of their parents, José and Mary Louise “Kitty” Menendez, at their Beverly Hills home. Brothers Erik and Lyle Menendez. Ted Soqui / Sygma via Getty Images fileThe brothers were first tried together in 1993, but the jury deadlocked. Although Gascón said he is still contemplating whether to recommend resentencing, his public comments increasingly suggest he is open to it.

Persons: George Gascón, Menendez, —, ” Gascón, ”, Erik, Lyle Menendez, José, Mary Louise “ Kitty ” Menendez, Lyle, Anamaria, José Menendez’s, Gascón, “, Brothers Erik, Ted Soqui, “ I’ve, ” Roy Rossello, “ Menendez, José Menendez, Peacock, Kathy Cady, Milton Andersen, Kitty Menendez's, ” Cady, Erik Menendez, Laurie Levenson, ” Levenson, resentencing, “ We’re Organizations: ANGELES, NBC News, Los Angeles Hall of, Beverly, Getty, Prosecutors, NBCUniversal, Netflix, Loyola Law School Locations: Los Angeles County

☆ CNBC's Inside India newsletter: The changing face of India's rich
▼ + stars: | 2024-10-17 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

Speaking to CNBC's Inside India, Kohli noted that India's wealthy now come from a swathe of industries. India's stock market became the fourth-largest in the world at the start of the year, after overtaking Hong Kong. Meanwhile, those whose wealth that falls between 10 to 50 million Indian rupees are in the affluent category, he added. Historically, India's wealthy had a median age exceeding 50. Drivers of India's wealthThe growth in India's wealthy population comes in tandem with the nation's economic progress.

Persons: Ratan Tata, Waterfield, Ratan Tata —, Ambani, Himanshu Kohli, Kohli, Pramod Gubbi, Marcellus, Lee, Gubbi, Knight Frank, What's, Malcolm Dorson, Dorson Organizations: Tata Group, Fortune India, Tata Sons, Tata Steel, Tata Consultancy Services, Tata Motors, Titan Company, Marcellus Investment, Lee Kuan Yew, of Public, National University of Singapore, Bombay Stock Exchange, Global, Volvo, Apollo Locations: India, Tata, CNBC's, Hong Kong, Pune, Hyderabad, Ahmedabad, Chennai, U.S

☆ Bank bosses aren't worried about lower interest rates — and even see some upside
▼ + stars: | 2024-10-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Wall Street's biggest banks face a less profitable lending environment as interest rates fall. Bank bosses shrugged off those concerns this week and pointed to several benefits of lower rates. AdvertisementLending threatens to become far less lucrative for Wall Street's biggest banks as interest rates fall. But he said the Fed's jumbo rate cut might have sparked more activity in debt capital markets recently. AdvertisementCEO David Solomon said the Fed's first rate cut has raised hopes of avoiding a US recession, which could translate into more economic activity.

Persons: shrugged, —, Alistair Borthwick, Banks, Jane Fraser, Fraser, Mark Mason, Wells, Charles Scharf, Wells Fargo, Morgan Stanley, Sharon Leshaya, Citi's Fraser, Jeremy Barnum, Barnum, Goldman Sachs, David Solomon, BoA, Goldman Organizations: Bank, Service, Wall, Federal Reserve, Bank of America, Citigroup, Citi Locations: refi

☆ For a limited time, Robinhood is offering users unlimited bonuses to transfer their investments
▼ + stars: | 2024-10-17 | by ( Business Insider | ) www.businessinsider.com time to read: +5 min

For a limited time, Robinhood is offering bonuses to users who transfer investments to the app. From October 16 to 27, claim HOOD Week bonuses of up to 3% on transfers for Robinhood Gold subscribers. If you've been considering choosing Robinhood Investing for your investments, the platform's brand-new HOOD Week is the time to make the switch. Cash management accounts availableCheck mark icon A check mark. Robinhood Gold is offered through Robinhood Gold LLC and is a subscription offering services for a fee.

Persons: you've, Robinhood Organizations: Robinhood Gold, HOOD, Federal Reserve, IRS, Robinhood, Robinhood Financial Locations: Robinhood, U.S

☆ The curious hunt for the company behind Trump watches
▼ + stars: | 2024-10-17 | by ( Steve Contorno | Scott Glover | ) edition.cnn.com time to read: +14 min

Dozens of deals over the years have resulted in products ranging from Trump Vodka and Trump Steaks to giant skyscrapers emblazoned with his surname. “Would make a great Christmas Gift.”In this still photo from a promotional video, former President Donald Trump holds a watch branded with the Trump name. The Trump Watches website is, in fact, peppered with disclaimers. “We specialize in creating anonymous LLCs to shield your personal information from public eyes,” the website for Wyoming LLC Attorney says. Wyoming LLC Attorney can help launch a new LLC within 24 hours, it advertises.

Persons: Wyoming CNN —, Donald Trump, ”, Trump, “, hasn’t, couldn’t, TheBestHoneyOnEarth, Vladimir Dmitriev, Dmitriev, “ We’ve, ” Andrew Pierce, Carol Mendelsohn, Pierce’s, Mark Pierce, Pierce, ” Trump, —, “ You’re, Oisín, Tim Mosso, “ It’s, ” Mosso, Trump’s, Donald J, TheBestWatchesOnEarth, it’s, ” Pierce Organizations: Wyoming CNN, CNN, Trump, TheBestWatchesOnEarth LLC, Republican, LLC, and Drug Administration, FDA, White, Trump Organization, TheBestWatchesOnEarth, Trump Vodka, NFT International, 45footwear, Mar, YouTube, The Trump Organization, Cloud, Law Locations: Sheridan, Wyoming, Montana, Washington, DC, Montenegro, “, Sheridan , Wyoming, Puerto Rico, Manhattan, Cheyenne , Wyoming, Philadelphia, TheBestWatchesonEarth, United States

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