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Search resuls for: "Ryan Hogg"


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☆ I tested a private jet simulator. It was like playing a video game — but way more stressful.
  + stars: | 2023-05-21 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +4 min
I tried out a private jet simulator at a BAE Systems location in England. I tested its latest head-up display (HUD) technology, which is designed to make flying easier. I visited a BAE Systems base to try out its latest private jet simulator and experience what it's like to fly celebrities or the superrich around the world. My visit also gave me the opportunity to use one of BAE's most powerful tools — its head-up display (HUD). According to Charles, BAE is working on proposals for airlines, private jet operators, and prospective military clients to use the equipment.
☆ The G7 is accusing China of 'economic coercion.' Here's why.
  + stars: | 2023-05-20 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +4 min
The US has accused China of "economic coercion" and plans to take steps to counteract Beijing. What is "economic coercion" – and what can the West actually do about it? So what exactly is "economic coercion" – and what can the G7 do about it? According to Sullivan, this will involve measures that could enhance economic security for G7 nations. The West needs to work with Beijing on a range of issues that likely go beyond the countries' desire for economic security.
☆ Adidas will finally start to move its $1.3 billion mountain of unsold Yeezy sneakers within days
  + stars: | 2023-05-20 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
Adidas will start offloading its Yeezy stock worth $1.3 billion at the end of May. The company plans to donate proceeds to nonprofits including one run by the sister of George Floyd. Adidas struggled to work out what to do with Yeezy stock after severing ties with Kanye West. In a statement Friday, the company said it would release an initial batch of Yeezy stock at the end of May. "At a time when antisemitism has reached historic levels in the US and is rising globally, we appreciate how adidas turned a negative situation into a very positive outcome," he said, per the Adidas statement.
☆ A woman says she had anaphylaxis and used 2 EpiPens on a flight after passengers were served nuts, but the plane didn't make an emergency landing
  + stars: | 2023-05-19 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +4 min
A Delta passenger went into anaphylaxis on a flight after cabin crew served nuts to people near her. Sara Metzger said she used two EpiPens but the plane did not make an emergency landing. A Delta passenger said her flight did not make an emergency landing after she had an anaphylactic reaction to nuts and had to inject herself with two EpiPens. Metzger administered an EpiPen in a bathroom and then told crew members that the plane needed to make an emergency landing. When the plane did land, Metzger said a medical crew had to wait until other passengers left the aircraft before reaching her.
☆ The world's biggest publisher is suing a Florida school district for banning books by writers including Toni Morrison and Khaled Hosseini
  + stars: | 2023-05-18 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +4 min
Penguin Random House is suing a Florida school district and board after it banned certain books. Penguin Random House has joined forces with an authors' group to sue a Florida school district after it banned a number of books. Books removed or restricted by Escambia include "The Bluest Eye" by Toni Morrison, "Slaughterhouse-Five" by Kurt Vonnegut, and "The Kite Runner" by Khaled Hosseini. All have had books removed from libraries or had student access restricted by the district, PEN America said in a press release. "The book removals and restrictions enacted by the School District and School Board are denying students access to books they would like to read, or chilling such access."
☆ 19 Republican states accuse JPMorgan of closing bank accounts and discriminating against customers due to their religious or political beliefs
  + stars: | 2023-05-14 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
19 Republican states accused JPMorgan of closing bank accounts on political or religious grounds. Republican attorneys general from 19 states have accused JPMorgan Chase of closing accounts and discriminating against customers due to their political or religious beliefs, a report says. Further, the letter claimed JPMorgan asked the Securities and Exchange Commission to ignore a proposal for the bank to disclose its policy for closing accounts. A JPMorgan representative told The Journal: "We have never and would never exit a client relationship due to their political or religious affiliation." A spokesperson for JPMorgan said: "We do not close accounts due to religious or political affiliations, and did not in these cases."
☆ A father traveling with his 13-year-old daughter says he was wrongly suspected of human trafficking by flight attendants
  + stars: | 2023-05-14 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
A father told King 5 News he was wrongly suspected of human trafficking by flight attendants. He said his daughter was spoken to by flight attendants while he was using the restroom. A father said he was stopped by airport security after flight attendants wrongly suspected him of human trafficking. He said he was told that flight attendants were trained to look for the signs of human trafficking: "At that point, my heart just sank." I had my iPad, we were watching a movie, she had her phone," De Jesus told King 5.
☆ We became the first mother-daughter duo to copilot an international flight — here's how the FedEx trip happened and what it was like
  + stars: | 2023-05-14 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +4 min
Teri Eidson and Nicole McCallister are the first mom-daughter co-pilots of an international flight. Eidson's husband was a relief pilot on the flight, meaning McCallister got to fly with both parents. This as-told-to essay is based on a conversation with Teri Eidson and Nicole McCallister, FedEx pilots who became the first mother-daughter duo to copilot an international flight. So I started working with FedEx as a box handler and FedEx helped pay for part of my instruments. How it happenedThe FedEx flight used by Teri Eidson and Nicole McCallister on their record breaking journey.
☆ This couple quit city life to take up a dream job as caretakers of a remote Irish island
  + stars: | 2023-05-13 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +4 min
A couple quit their jobs in London to become caretakers of a remote Irish island. Dan Regan and Emily Campbell run a coffee shop and cottages on Great Blasket Island. At the start of April, Emily Campbell and her husband Dan Regan became caretakers of Great Blasket Island, a 1,100-acre island off the West coast of Ireland. With no running water or electricity, and sometimes difficult visitors, they've faced a steep learning curve. They do all these tasks on an island with no hot running water or conventional electricity.
☆ Pennsylvania battery maker ordered to pay $22 million in back wages after DOL rules it denied thousands of workers overtime
  + stars: | 2023-05-11 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
A Pennsylvania battery maker was ordered to pay 7,500 workers $22 million in unpaid overtime. The DOL said East Penn Manufacturing Company Inc. didn't pay employees for their time spent preparing to work in hazardous conditions. During its investigation, the DOL found that East Penn employees were only being paid for their contracted 8-hour shifts. In a statement to Insider, a spokesperson for East Penn said the jury also found that East Penn did not act in a knowing or reckless disregard of the law. "East Penn appreciates the time and attention of the jurors over the course of this lengthy andcomplex trial.
☆ Aston Martin may have earned up to $80 million in sales due to its safety cars featuring in F1 races, its boss suggests
  + stars: | 2023-05-10 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
Aston Martin boss Lawrence Stroll suggested the firm made up to $80 million selling F1 safety cars. The CEO took control of Aston Martin in 2020, but it's failed to recover massive share price losses. Aston Martin's boss suggested the carmaker might have gotten an $80 million boost from its car featuring in Formula One races. That would suggest Aston Martin has taken between $60 million and $80 million worth of sales linked to its safety car. Stroll's son Lance is a driver on his Aston Martin team, alongside two-time world champion Fernando Alonso.
☆ Ferrari doesn't care about autonomous vehicles, CEO says
  + stars: | 2023-05-09 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
Ferrari's CEO says the company doesn't care about self-driving technology. Benedetto Vigna told a car summit hosted by the FT the group had the tech in place to build EVs. Ferrari doesn't care about technology for an autonomous vehicle, its boss says, reinforcing the company's intention to never build self-driving cars. There is performance software, there is comfort software, there is infotainment software, and there is autonomous," Vigna said. He suggested the company's shunning of self-driving software helped the group mostly stick to that tradition.
☆ Peter Nygard ordered to pay billionaire neighbor $203 million in damages after driveway feud escalated to accusations of arson and Ku Klux Klan links
  + stars: | 2023-05-08 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
A hedge fund manager was awarded $203 million in damages after being defamed by former neighbor Peter Nygard. Disgraced fashion mogul Nygard accused Louis Bacon of arson, insider trading and links to the KKK. The decade-long dispute began following a quarrel over a driveway Nygard and Bacon shared. A hedge fund billionaire has been awarded $203 million after a New York court ruled he was defamed by his former Bahamas neighbor Peter Nygard following a decade-long feud ignited by a shared driveway. Lawyers told the court Bacon had spent more than $50 million in legal fees bringing several defamation cases against Nygard.
☆ Italy is convening a crisis meeting this week to address soaring pasta prices, reports say
  + stars: | 2023-05-08 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
Italy's industry minister has called a crisis meeting to address the soaring price of pasta, Reuters reported. Pasta prices jumped 16.3% in April, while broader Italian inflation came in at 8.8%. The comparable increase in Italy's harmonized index of consumer prices, a weighted average of Italian goods and services, measured a provisional 8.8% in April. But Coldiretti, an Italian agriculture group, said soaring pasta prices represented an "anomaly that needs clarification," given the price of a key ingredient, durum wheat, fell 30% in the year, per local publication Ansa. The National Consumer Union said until speculation on wheat prices was defined as an "unfair practice," the price of pasta may stay elevated, per Ansa.
☆ Warren Buffett says AI is like the creation of the atom bomb — he often calls nuclear war his biggest fear
  + stars: | 2023-05-07 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
Warren Buffett compared AI to the creation of the atom bomb at Berkshire Hathaway's annual meeting. Buffett has long spoken about his fears around nuclear war keeping him up at night. Warren Buffett compared artificial intelligence to the creation of the atom bomb, becoming the latest high-profile business figure to express alarm about the rapid advancement of the technology. "We did invent for very, very good reason, the atom bomb. And, World War Two, it was enormously important that we did so.
☆ Warner Bros. Discovery CEO says writers' strike will be ended by 'love for the business and the love for working'
  + stars: | 2023-05-07 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
Discovery's CEO said he thinks a "love for working" will end the writers' strike. David Zaslav also said the 10,000 striking writers deserved to be paid fairly. Discovery says he thinks the widespread writers' strike will be ended by writers' "love of storytelling and lover for working." While Zaslav lent into emotive arguments to end the strike, he did also suggest writers deserved a better pay package. "In order to create great storytelling, we need great writers," Zaslav said in the interview.
☆ 'Godfather of AI' says the technology could pose a 'more urgent' threat to humankind than climate change
  + stars: | 2023-05-06 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
Artificial intelligence could present a more urgent danger to the world than climate change, Geoffrey Hinton said. The "Godfather of AI" recently quit Google so he could speak openly about the threat posed by the tech. The "Godfather of AI" who recently quit Google to raise awareness about the dangers of artificial intelligence has said the threat the tech poses to the world could be more urgent than climate change. I wouldn't like to say, 'You shouldn't worry about climate change.' "With climate change, it's very easy to recommend what you should do: you just stop burning carbon.
☆ Florida Governor Ron DeSantis signs bill that could block Disney's real-estate developments as feud intensifies
  + stars: | 2023-05-06 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
Florida Governor Ron DeSantis signed into law a bill that allows Disney's new real-estate developments to be canceled. Disney and DeSantis are in a long-running feud over the governor's strict social stance in Florida. Florida Governor Ron DeSantis stepped up his feud with Disney, threatening the company's real-estate empire with a fresh bill that could see new developments in the state cancelled. It was basically born out of Disney's arrogance that they would be able to subcontract around the duly enacted laws of the state of Florida," DeSantis said in a press conference Friday. But this was pared back by DeSantis months after Disney pledged to work to repeal a law employees and LGBTQ rights advocates called "Don't Say Gay."
☆ Short sellers pocketed nearly $400 million in a single day from the regional bank stock sell-off
  + stars: | 2023-05-05 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
Short sellers made $378.9 million in just one day betting against embattled regional banks, data show. Such traders have been selling borrowed bank stocks before buying them back at lower levels once their price falls. Traders profited as fresh turmoil embroiled regional banks this week following First Republic's failure and its takeover by JPMorgan. According to ORTEX, short sellers have made $816 million from the three bank stocks since the start of the year. Last month, ORTEX reported that short bets against Canada's Toronto-Dominion had swollen to $6.1 billion, having become the world's most shorted bank in early April.
☆ Banks ask SEC to stop short-seller attacks on their stocks driven by social-media speculation
  + stars: | 2023-05-05 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
A leading banking group called for the SEC to do more to stop speculative short selling in bank stocks. The American Banking Section said social-media speculation about banks was disconnected from their financial reality. "ABA is, however, unalterably opposed to short selling practices that distort the markets through manipulation and abuse," he said. Nichols called for the SEC to take a clearer stance against what he called market manipulation and abusive short selling practices. "The harm caused by short selling that runs counter to economic fundamentals ultimately falls on small investors, who see value destroyed by others' predatory behavior."
☆ Jamie Dimon says JPMorgan rescued First Republic because the government asked his bank 'to step up, and we did'
  + stars: | 2023-05-01 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
Jamie Dimon says JPMorgan bought First Republic after the US government asked it to "step up." Jamie Dimon said JPMorgan's acquisition of First Republic came after the US government asked the bank to "step up" in a deal that will "modestly" benefit America's biggest bank. "Our government invited us and others to step up, and we did," JPMorgan CEO Dimon said in a press release. In addition to most of First Republic's deposits, JPMorgan will pick up about $173 billion in loans and about $30 million of securities. First Republic's shares slumped more than 40% to $2.10 in pre-market trading, while JPMorgan rose 2.5% to $141.70.
☆ A 12th-century castle can be yours for the same price as some 2-bed Manhattan apartments. Take a look around.
  + stars: | 2023-05-01 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: 1 min
Blackwater Castle in Cork has been on the market since late last year. It's on sale for 2 million euros, or $2.2 million. Sherry FitzGeraldThe 60-acre grounds are being marketed by estate agency Sherry FitzGerald.
☆ Why First Republic failed, and what it means for the rest of the banking industry
  + stars: | 2023-05-01 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +4 min
First Republic's failure is a stark reminder that the banking crisis is far from over. But despite a speedy takeover by JPMorgan, First Republic's failure shows the banking crisis is far from over. At the end of 2022, two-thirds of First Republic's deposits were uninsured. When SVB and Signature Bank failed, these wealthy customers fled First Republic in droves for fear of losing their cash. The combined failure of SVB, Signature and First Republic is a reminder of the problems affecting the banking system.
☆ A Wells Fargo customer lost $68,000 after being tricked into making a wire transfer by a scammer, report says
  + stars: | 2023-05-01 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
A Wells Fargo customer was tricked into sending a scammer $68,000 of his own money. A Wells Fargo customer lost nearly $70,000 after being tricked by a scammer into making a wire transfer, a report says. The scammer told Beardsley he only had to transfer $68,000 to make up for any trouble caused, leaving him with $2,000. Their son, Tod Beardsley, told ABC7 he was upset that Wells Fargo hadn't queried the unusually large transfer before processing it. A representative for Wells Fargo told ABC7: "We conducted a comprehensive investigation of this case, and shared the findings with our customer.
☆ A pilot who tried to smuggle 4 people from Belgium to Britain in a private airplane was jailed for 7 years
  + stars: | 2023-04-30 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
A pilot who tried to use a plane to smuggle four people from Belgium to Britain has been jailed. Styles was previously jailed for using a small plane to smuggle ecstasy and cannabis. A pilot once jailed for smuggling drugs in a light aircraft has been sentenced again – this time for trying to smuggling people. The plane used by Richard Styles to smuggle four people. Turchet was sentenced to seven and a half years in prison, while Sivakumar was sentenced to four and a half years.
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