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☆ Once derided by Trump as a ‘mouthpiece’ for the left, a changed Univision softens its tone
▼ + stars: | 2024-10-16 | by ( Hadas Gold | ) edition.cnn.com time to read: +11 min

Trump ejected Ramos from a press conference after the journalist confronted him over his immigration policy. In 2020, the Trump campaign derided Univision as “a mouthpiece” for the Democratic Party. A group of influential Latino organizations penned an open letter expressing “deep concern” over the Trump interview. Acevedo’s interview with Trump was the first time in 22 years a current or former Republican president sat with the network for an interview. Wade Davis, Univision’s CEO until last month, defended Univision’s approach in a memo shortly after the Trump interview last year.

Persons: Donald Trump, Kamala Harris, Trump, ”, Jorge Ramos, Ramos, “, Harris, Enrique Acevedo, ” Ramos, ” Acevedo, Acevedo, Joe Biden, Jill Biden, Antony Blinken, “ Jorge, hasn’t, Alfonso de Angoitia Noriega, Bernardo Gomez Martinez, it’s, Joaquin Blaya, ” Daniel Coronell, Mike Madrid, Madrid, Wade Davis Organizations: New, New York CNN, Univision, Republican, CNN, Trump, Miss, Democratic Party, behemoth Televisa, Washington Post, “, Televisa, CBS News, Mar, New York Times, GOP, Grassroots Lab, Fox News, FOX, ”, Fox Deportes Locations: New York, Miami, Spanish, Mexican, Mexico, Washington, Lago, United States, ” Madrid, Madrid

☆ Fox anchor tasked with interviewing Harris has a history of appeasing network’s pro-Trump audience
▼ + stars: | 2024-10-16 | by ( Brian Stelter | ) edition.cnn.com time to read: +6 min

New York CNN —Fox News anchor Bret Baier is all too keenly aware that Fox’s viewers want him to affirm what they already feel. And his recent social media activity shows that he is supremely aware of the Fox base’s extreme disdain for Harris and distrust of the media. Baier, the anchor of Fox’s 6 p.m. “Special Report” newscast, is also the network’s chief political anchor. But because the Arizona call presaged Trump’s defeat, Fox was scolded and second-guessed by many of its own viewers, including the sitting president. One X user told Baier they believed that the interview will “be pre recorded and the answers will be edited.

Persons: Bret Baier, Kamala Harris –, president’s, Donald Trump’s, pummel Harris, Baier, Harris, Martha MacCallum, Joe Biden, Fox, ” Baier, ”, Bill Sammon, It’s, ” Sammon, Biden, Elon Musk’s X, “, Trump, Dennis Organizations: New, New York CNN — Fox News, Democratic, Fox, Trump, Networks, Voting Systems, The New York Times, Baier, Fox News, it’s Locations: New York, Arizona, Washington, That’s, “

☆ Duolingo CEO explains his approach to 'founder mode' — and what happens when executives disagree
▼ + stars: | 2024-10-16 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

Duolingo CEO Luis von Ahn talked about his data-driven approach to "founder mode." A debate over founder mode was recently sparked by Paul Graham's essay advocating hands-on leadership. AdvertisementAmid the wider debate in Silicon Valley about how a CEO should run their company, Duolingo's chief executive is siding with a data-driven approach to founder mode. "Yes, I am in that mode, but we have a number of people who could probably play that role as well," von Ahn said when asked about founder mode. While this my-way-or-the-highway approach feels very indicative of founder mode, arguments rarely happen between the three executives, von Ahn said in the interview.

Persons: Luis von Ahn, Paul Graham's, —, He's, Cem Kansu, Ryan Sims, von Ahn, Paul Graham, Graham, Brian Chesky, Von Ahn, Duolingo, let's, Sims Organizations: Service Locations: Silicon Valley

☆ United Airlines takes a shot at Delta's IT meltdown: 'Healthy businesses don't make excuses'
▼ + stars: | 2024-10-16 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +3 min

United Airlines did not mention the cost of July's CrowdStrike IT outage in its earnings report. United executives took a subtle jab at Delta by highlighting their "no excuses" philosophy. "Healthy businesses don't make excuses about CrowdStrike, don't make excuses about weather," CFO Mike Leskinen said on the company's Wednesday earnings call. 'No excuses' is at the core of United's philosophyCEO Scott Kirby said United's "no excuses" ideology stems from his days as a cadet at the United States Air Force Academy. Related stories"The best thing I learned was 'no excuses, ma'am, no excuses, sir,'" Kirby said on the call.

Persons: —, Mike Leskinen, It's, United's, Scott Kirby, Kirby, United Organizations: Airlines, United, Service, United Airlines, Delta Air Lines, United States Air Force Academy Locations: Crowdstrike, Texas, New York

☆ Member Panel: Here We Are
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

It's been a rollercoaster of change in the world and workplace, the ramifications of which have landed on the plates of HR executives. Listen as we work together to rewrite the playbook. Amanda Bailey, Boston University Vice President, Human Resources, WEC Member

Persons: It's, Amanda Bailey Organizations: Boston University, Human Resources, WEC

☆ Saudi Arabia’s coveted Masters 1000 tennis tournament has stalled as Six Kings arrives in Riyadh
▼ + stars: | 2024-10-16 | by ( Matthew Futterman | ) www.nytimes.com time to read: +11 min

After years of pushing, everything looks ready for Saudi Arabia’s billion-dollar move to become a major force in tennis to take off — with one major hitch. The Ministry of Sport of Saudi Arabia, the Saudi Tennis Federation (STF) and the WTA Tour then announced a three-year deal to host the tour finals. These moves raised Saudi Arabia’s tennis profile, but its potential new tournament at the start of the season was seen as the most important of its tennis investments — and its most divisive. It would cement Saudi Arabia’s place at the center of the sport, bringing with it an extensively criticized human rights record. Saudi Arabia’s moves into tennis have roiled the organisations behind the Grand Slam tournaments.

Persons: Carlos Alcaraz, Rafael Nadal, Daniil Medvedev, Holger Rune, —, Novak Djokovic, Turki Alalshikh, Rome —, ”, Nadal, Sinclair, Chris Evert, Martina Navratilova, “, Jamal Khashoggi, Henry Nicholls, Iga Swiatek, Adam Pretty Organizations: St, Saudi Arabia’s General Entertainment Authority, WTA, Saudi, ATP, Public Investment Fund, SURJ Sports Investment, U.S ., ”, Sport, Saudi Tennis Federation, WTA Tour, Sinclair, Tennis, Rights Watch, Athletic, Wimbledon, Getty, Australia, Tennis Australia, Laver Locations: Hotel, Riyadh, Saudi, Jeddah, Saudi Arabia, U.S, Indian Wells, Madrid, Rome, provisionality, PIF, Istanbul, Turkey, Australia, New Zealand

☆ Embattled Abbott Labs comes through with a strong quarter, buyback announcement
▼ + stars: | 2024-10-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Organic sales, which exclude Covid testing, were up 8.2% from the year-ago period. Bottom line In its third quarter, Abbott Labs demonstrated why we wanted to stick with the stock in the face of legal battles that emerged earlier this year and spooked investors. "There's just a lot to like with the Abbott quarter." As Abbott's organic sales growth continues to shine, the market will realize both concerns are overblown. The company reiterated its full-year organic sales growth outlook of 9.5% to 10%.

Persons: ABT, Abbott, Jim Cramer, Dexcom, Robert Ford, Ford, Lingo, —, it's, Edwards, Jim Cramer's, Jim, Ethan Miller Organizations: Abbott Laboratories, Revenue, Abbott Labs, NEC, Abbott, Ford, and Drug Administration, Centers for Disease Control, National Institutes of Health, CNBC, Las Vegas Convention, Getty Locations: U.S, Missouri, Las Vegas , Nevada

☆ All eyes are on TSMC earnings as the chipmaker industry faces slowdown worries
▼ + stars: | 2024-10-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Investors are awaiting TSMC earnings for signs of what's to come for the chip sector. The chipmaker will report its full third-quarter earnings in the early hours on Thursday. The stock is up 84% year-to-date, thanks partly to the firm's strong financial results so far in 2024. Traders are waiting for guidance from TSMC executives on the firm's earnings call regarding demand in the current quarter as well as the coming year. Fears about demand were ignited recently when Nvidia reported results for the second quarter in August.

Persons: —, Jensen Huang, Blackwell, Huang Organizations: Service, Taiwan Semiconductor Manufacturing, Nvidia, Apple, P Semiconductor, Traders Locations: Taiwan

☆ Apple's chief people officer, who reports directly to Tim Cook, is leaving the company after less than 2 years
▼ + stars: | 2024-10-16 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

Apple Chief People Officer Carol Surface is leaving after less than two years, Bloomberg reports. AdvertisementApple's chief people officer is leaving the company after less than two years, Bloomberg reported Wednesday. Dan Rosckes, Apple's global supply chain procurement chief, is also retiring after a 24-year stint, Bloomberg reported. Surface joined the company in 2023 from Medtronic, a medical hardware company, to oversee Apple's more than 160,000 employees. O'Brien will also continue to manage Apple's retail stores.

Persons: Carol Surface, Tim Cook, —, Matt Fischer, Luca Maestri, Cook, Kevan Parekh, Maestri, Dan Riccio, Dan Rosckes, Deirdre O'Brien, O'Brien Organizations: Apple, Bloomberg, Service, LinkedIn, Surface Locations: Medtronic

☆ I toured the Concorde, a discontinued supersonic commercial jet flown by celebrities and royals. Take a look inside.
▼ + stars: | 2024-10-15 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +2 min

Concorde, the first and only supersonic commercial jetliner, operated from 1976 to 2003. Flown by royals, celebrities, and executives, it was discontinued due to high operating costs. Go to newsletter preferences Thanks for signing up! AdvertisementIn 1962, the governments of Britain and France signed the Anglo-French Agreement, pooling their money and resources to develop a supersonic commercial jet. In May, I toured a Concorde jet at the Intrepid Museum in New York City, a sea, air, and space museum housed on a 900-foot-long aircraft carrier.

Persons: — Organizations: Concorde, Intrepid Museum, Service Locations: New York City, Britain, France

☆ Macy's accused in lawsuit of covering up 2008 sexual attack by Sean 'Diddy' Combs in Herald Square flagship store
▼ + stars: | 2024-10-15 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

One alleges Combs orally raped a worker for rival brand Ecko at the Macy's flagship store in 2008. The suit alleges Macy's covered up the attack due to a multimillion-dollar deal with Sean John. AdvertisementMacy's covered up a violent 2008 sexual attack by Sean "Diddy" Combs at its flagship Herald Square, Manhattan store to protect a "multi-million-dollar" deal with Combs' clothing brand, Sean John, a new lawsuit alleges. AdvertisementThe plaintiff said he worked for Ecko, a rival clothing company to Combs' Sean John brand that was also carried by Macy's. AdvertisementThe Sean John brand, founded in 1998, appears now to be defunct.

Persons: Combs, Macy's, Sean John, —, Sean, Diddy, John Doe, Sean Combs, Cassie Ventura, Terry Lundgren, Ilya S, Sean John Clothing, Ecko, Lundgren, WWD Organizations: Service, Herald, Ecko, Business, Curis, Macy's Locations: Manhattan, Ohio, Texas

☆ I moved across the world to live with my son and daughter-in-law. It was a sacrifice, but I wanted to help with childcare.
▼ + stars: | 2024-10-15 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

Nan Ray moved from India to live with her son and his wife in America when her granddaughter was 2. It was a sacrifice, but it helped her son and daughter-in-law achieve career success. My granddaughter was a toddler when my husband and I moved permanently from India to the US. In India, it's relatively common for generations to live together, and everybody does their bit to help out. It never occurred to us or my son and daughter-in-law to pay us even the smallest amount for childcare.

Persons: Nan Ray, —, They'd, hadn't, he's, we'd, I've Organizations: Service, India, Business Locations: India, America, Minnesota, I'm, Delhi

☆ Harris PAC's $1 million contribution from Ripple's Chris Larsen shows crypto industry warming to VP
▼ + stars: | 2024-10-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

In total, Larsen has given around $1.9 million to support Harris' campaign directly and through PACs, according to FEC data compiled by crypto market and blockchain analyst James Delmore and independently verified by CNBC. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a recent report from the nonprofit watchdog group Public Citizen. "What we've had to date has been almost like purposeful chaos by Gensler to kind of crush the domestic industry," Larsen said. Horowitz said that he and his wife, Felicia, "have known Vice President Harris for over 10 years and she has been a great friend to both of us during that time." On Monday, the Harris campaign unveiled its "Opportunity Agenda for Black Men" in a report.

Persons: Chris Larsen, Donald Trump's, Chris Larsen isn't, Ripple, Kamala Harris, Larsen, who's, Harris, he's, Biden, " Larsen, isn't, James Delmore, that's, Evelyn Hockstein, Andreessen Horowitz, Trump, keynoted, Josh Shapiro, John Deaton, Massachusetts Republican who's, Democratic Sen, Elizabeth Warren, Nancy Pelosi, Gary Gensler, Brad Garlinghouse, Marvin Ammori, Skybridge Capital's Anthony Scaramucci, Scaramucci, Warren, Ben Horowitz, Marc Andreessen, Horowitz, Felicia, Delmore Organizations: YouTube, White, CNBC, Biden, Democratic, Harris, Fund, Forbes, Public Citizen, U.S, Erie International Airport, Democratic Pennsylvania Gov, Massachusetts Republican, Nancy Pelosi Victory Fund, Biden PAC, SEC, Trump, Ripple, White House, Sen Locations: Bay, Erie , Pennsylvania, U.S, Nashville , Tennessee, Massachusetts, Washington ,, New York

☆ Things are looking up for Wall Street, and Goldman's third-quarter results show why
▼ + stars: | 2024-10-15 | by ( Reed Alexander | ) www.businessinsider.com time to read: +2 min

The firm pointed to growth in core businesses like M&A advisory and stock and bond underwriting. 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 . The results beat analysts' expectations and set the stage for Goldman's executives to discuss why Wall Street may be at the cusp of a surge in corporate dealmaking activity. Lower rates could also boost demand for corporate lending, IPOs, stock issuance, and more.

Persons: Goldman Sachs, David Solomon, —, Solomon, Solomon didn't, It's Organizations: Service

☆ Al Pacino thought 'The Godfather' was going to be 'the worst picture ever made.' It made him and Francis Ford Coppola Hollywood icons and won 3 Oscars.
▼ + stars: | 2024-10-15 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Al Pacino wrote in his new memoir that he thought "The Godfather" would be "the worst picture ever made." Advertisement"The Godfather" is one of the most iconic movies of all time, but Al Pacino said that he thought it would be "the worst picture ever made." But he was the one responsible for me being in the film," Pacino wrote, referring to Coppola's decision to cast him to play the lead character, Michael Corleone. "The Godfather" was nominated for 11 Oscars, including best supporting actor for Pacino and best director for Coppola. The film won three for: best writing for Coppola and co-author Mario Puzo, best picture, and a best actor for Marlon Brando.

Persons: Al Pacino, Pacino, —, Sonny Boy, Diane Keaton, Diane, Kay Adams, Michael Corleone, PublicityArchive, Quentin Tarantino, Martin Scorses, Francis Ford Coppola, Coppola, Francis wasn't, Rocco Spaziani, Archivio Spaziani, Francis, Michael, Sollozzo, McCluskey, Mario Puzo, Marlon Brando Organizations: Service, United, Getty, Paramount, Mondadori Locations: Manhattan, Hollywood, Italian

☆ AI labs are fragmenting because of ego clashes and commercial pressures. It's about to drive a wave of new startups.
▼ + stars: | 2024-10-15 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

There is an impending wave of new startups spinning out of larger AI labs, per Air Street Capital's State of AI report. AI labs are fragmenting due to ego clashes, philosophical disagreements, and commercial pressures. But as AI labs work towards the sector's holy grail, known as artificial general intelligence, those personalities have clashed — sometimes leading to a very public parting of ways. They are just some of the examples in a long line of AI labs that have fractured away from their juggernaut predecessors to form new startups. The exception would be if AI labs pivot toward building a niche model within a specific vertical, he said.

Persons: —, Ilya Sutskever, Andreessen Horowitz, StabilityAI's, H's cofounders, Sam Altman, Noel Hurley, they're, Nathan Benaich, Samir Kumar, Kumar, Peter J, Liu, Hurley, Benaich Organizations: Service, Sequoia, Black, Labs, TechCrunch, Accel, UiPath, NEA, Founders, Air Street Capital, Literal Labs, Touring Capital, Meta, Google Locations: Capital's, Paris, Sutskever

☆ Boeing's labor strike is so bad that the US Labor Secretary just flew to Seattle to help
▼ + stars: | 2024-10-15 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Julie Su is in Seattle to mediate Boeing worker strike to resume negotiations. Boeing's strike began after workers rejected a 25% pay raise, demanding 40% and other benefits instead. AdvertisementBoeing's worker strike appears to be in such a stalemate that the US's top labor official flew to Seattle to mediate. In separate Monday meetings, Acting Secretary of Labor Julie Su urged both parties to move forward, the labor union for aerospace workers said in a statement. Su mediated a 75,000-person healthcare worker strike against Kaiser Permanente in October 2023.

Persons: Julie Su, Boeing's, —, Labor Julie Su, Su, Biden, Boeing Machinists Organizations: Boeing, Service, Labor, Anderson Economic Group, Reuters, Labour Union, International Association of Machinists, Aerospace Workers, Kaiser Permanente, United, Alaska Air, Emirates, RyanAir Locations: Seattle, Union, Gulf Coast, United Airlines

☆ Boeing factory strike crosses 1-month mark as pressure mounts on new CEO
▼ + stars: | 2024-10-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

There's no doubt about that," said Harry Katz, a professor who studies collective bargaining at Cornell University's School of Industrial and Labor Relations. Late Friday, Jon Holden, president of the striking workers' union, IAM District 751, pushed for a return to negotiations. However, unlike during the last Boeing factory strike in 2008, there is more contract work in the Seattle area to help workers fill the gaps. Slashing workforceA Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024. Boeing 737 fuselages on railcars at Spirit AeroSystems' factory in Wichita, Kansas, US, on Monday, July 1, 2024.

Persons: Stephen Brashear, It's, Boeing machinists, Kelly Ortberg, bookends, Max, wasn't, Harry Katz, Jon Holden, Ortberg, Jennifer Buchanan, hasn't, they're, Richard Aboulafia, Ron Epstein, Nick Oxford Organizations: Boeing, Getty, Cornell University's School of Industrial and Labor Relations, National Labor Relations Board, International Association of Machinists, Aerospace Workers, IAM, Boeing Renton Factory, AFP, of America, Bloomberg, & $ Locations: Renton , Washington, Seattle, Friday's, underperformance, Wichita , Kansas

☆ Jensen Huang says he wants Nvidia to be a company with 100 million AI assistants
▼ + stars: | 2024-10-14 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Jensen Huang says he hopes Nvidia will be a 50,000 employee company with "a 100 million AI assistants." Huang described a future where Nvidia can use AI assistants across every division to raise output. "I'm hoping that Nvidia someday will be a 50,000 employee company with a 100 million, you know, AI assistants, in every single group," Nvidia CEO Jensen Huang said on an episode of the "Bg2" podcast released on Sunday. AI agents break down a task into multiple smaller steps, each tackling a specific task to achieve a broader objective. And Google CEO Sundar Pichai said in May that the company is working on developing AI agents with more capabilities.

Persons: Jensen Huang, Huang, —, I'm, Marc Benioff, Sundar Pichai, Pichai Organizations: Nvidia, Tech, Google, Service, AIs, Slack, Bloomberg, Big Tech

☆ OpenAI will need to prove it's in the public's best interest as it becomes a for-profit company
▼ + stars: | 2024-10-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

But strategy advisors say it'll need to get more serious about defining its public benefit. Unlike traditional for-profit businesses, which are primarily focused on maximizing shareholder value, public benefit corporations must balance stakeholder interests with those of their employees and customers. Investors can also question why a company isn't progressing on its stated public benefit. It will also need to define its "public benefit" as part of its new corporate charter, he added. So as OpenAI restructures, the pressure is now on the company to clearly articulate its public mission and show that it's serious about it.

Persons: —, OpenAI, Axios, Travis Borden, Keene, OpenAI's, Borden, Altman, Ilya Sutskever, Jan Leike, Mira Murati, restructures, Jens Dammann Organizations: Service, Legal, Institute, Cornell Law School, Keene Advisors, University of Texas School of Law, Business Locations: Silicon, Delaware, —

☆ Job seekers are getting increasingly bold by 'cheating' in interviews — and AI is making it worse
▼ + stars: | 2024-10-14 | by ( Tim Paradis | ) www.businessinsider.com time to read: +8 min

Job seekers sometimes use AI to cheat in interviews, which highlights flaws in the hiring process. It can feel like there are endless ways to dupe a hiring manager in a job interview — especially one that doesn't involve meeting IRL. It all points to a hiring process that can be terrible for job seekers — and for employers. Is using AI during a job interview cheating? Kanny uses reviews from a job candidate's colleagues — past and present — to rate the person's integrity, accountability, respect, humility, confidence, and grit.

Persons: —, Lindsey Zuloaga, Greg Yang, he'd, claude, Yang, HireVue's, Zuloaga, Kirthiga Reddy, Reddy, Sean Vassilaros, It's, Octavius A, Newman, didn't, Jennifer Schielke, Schielke, Ravin, Mercer, I'm Organizations: Service, Executives, xAI, Employers, Facebook, BI, Group Solutions Locations: India, South Asia

☆ Why Honeywell CEO Vimal Kapur doesn't think the AI payoff will come from productivity
▼ + stars: | 2024-10-14 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

As CEO of one of the world's largest industrial conglomerates, Honeywell 's Vimal Kapur doesn't think about AI like most individuals. "There is always a trend which makes your skills obsolete, every five years," Kapur said at the recent CNBC Evolve: AI Opportunity Summit in New York City. The AI opportunity for Honeywell is creating a new labor pool that can learn and work alongside AI and accumulate and deploy institutional knowledge much faster. "The future belongs to companies with 'first-order' data sets," he told CNBC "Closing Bell Overtime" anchor Jon Fortt at the Evolve: AI Opportunity event. "Data and data sets are the next frontier for AI," Delangue said.

Persons: Kapur, It's, it's, Jake Loosararian, Jon Fortt, Clément Delangue, Delangue, Katherine Forrest, Paul, Weiss, Garrison, Honeywell's Kapur Organizations: Honeywell, Labor, Nvidia, Gecko Robotics, CNBC, Amazon, Google Locations: New York City, industrials, Rifkind, Wharton

☆ International investors descend on London as Labour tries to woo new business to Britain
▼ + stars: | 2024-10-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

LONDON — The U.K. Labour government is hoping to woo foreign capital to the country on Monday, as it hosts its inaugural International Investment Summit in London. Prime Minister Keir Starmer, Finance Minister Rachel Reeves and Business Minister Jonathan Reynolds will lead the one-day event at London's Guildhall, which is expected to be attended by around 200 executives from the U.K. and overseas. Former Google chair Eric Schmidt, Goldman Sachs CEO David Solomon and GSK CEO Emma Walmsley are among the named guests. Newly appointed Investment Minister Poppy Gustafsson, co-founder of British cybersecurity firm Darktrace, will also be on hand to promote the U.K. as a place to do business. The date was determined by Labour's pre-election pledge to hold a business summit within its first 100 days in office.

Persons: Keir Starmer, Rachel Reeves, Jonathan Reynolds, Eric Schmidt, Goldman Sachs, David Solomon, Emma Walmsley, Poppy Gustafsson, Dr, Bruce Morley, Labour's, Reeves Organizations: Labour, International Investment Summit, Business, London's Guildhall, British, CNBC, University of Bath, National Insurance, Capital, Guardian, Treasury Locations: London

☆ Don't expect as many Starbucks deals this year under its new CEO
▼ + stars: | 2024-10-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Starbucks is reversing a push into frequent promos on drinks and snacks, The Wall Street Journal said. It's part of CEO Brian Niccol's effort to reestablish the brand's upscale, premium vibe, it added. Narasimhan said on an earnings call earlier this year that 60% of the company's sales were from the nearly 34 million Starbucks Rewards members. Multiple baristas previously told BI that the size and frequency of rewards deals were getting out of hand. In curbing its discounts, Starbucks is bucking a wider retail trend that has seen companies such as McDonald's, PepsiCo, and Walmart cut prices.

Persons: Brian Niccol's, —, Laxman Narasimhan, Narasimhan, Sara Senatore Organizations: Starbucks, Street Journal, Service, Business, PepsiCo, Walmart, Global Research

☆ Earnings playbook: The first big week of the season includes reports from Netflix and big banks
▼ + stars: | 2024-10-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

Last quarter: Bank of America jumped after saying a rebound in net interest income was coming . What history shows: Bank of America shares have risen in 10 of the last 12 earnings days, according to Bespoke Investment Group. What history shows: Netflix tends to struggle on earnings days, averaging a slight decline, according to Bespoke. Shares have also fallen in two of the last three earnings days, including a 9.1% drop in April. What history shows: Bespoke data shows Procter & Gamble beats earnings expectations 85% of the time.

Persons: Goldman Sachs, Wells, Hugh Son, Goldman, Leslie Josephs, Wednesday Morgan Stanley, Morgan Stanley, Bryan Kraft, Kraft, Procter & Gamble, Procter, Lauren Lieberman Organizations: Netflix, Procter, Gamble, Big, Bank of America, JPMorgan Chase, BlackRock, Tuesday Bank of America, CNBC, Investment, LSEG, JPMorgan, United Airlines, U.S, Delta, Wednesday, Deutsche Bank, Procter &, Barclays Locations: Wells Fargo, U.S, China

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