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☆ Former U.S. Commerce Secretary on how Hispanics have impacted the economy
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer U.S. Commerce Secretary on how Hispanics have impacted the economySecretary Carlos Gutierrez encourages corporate America to understand the skills of Hispanic Americans and their history.

Persons: Carlos Gutierrez Organizations: Former, . Commerce Locations: America

☆ Companies that 'prioritize work flexibility' have the happiest workers, new ranking shows
▼ + stars: | 2024-09-17 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

1 for employee wellbeing, according to the 2024 Work Wellbeing 100 from Indeed and the University of Oxford's Wellbeing Research Centre. Indeed's ranking found that companies with higher work wellbeing scores also have higher valuations, returns on assets and profits. "A lot of these companies tend to prioritize work flexibility," says Kyle M.K., a talent strategy advisor at Indeed. "Companies that provide choice are the ones that tend to have a much better reputation among their employees," M.K. "By prioritizing work wellbeing, companies cultivate a more resilient, effective and happier workforce which ultimately drives business growth."

Persons: Kyle M.K, LaFawn Davis, Indeed's Organizations: University of Oxford's, Research, Nasdaq, Companies, Block, Human, Delta Air Lines, Accenture Nike, International Disney Parks, Flex, Walt Disney Company Wipro, Vans, Technology Solutions, Bros Coffee Microsoft FedEx Freight, CNBC

☆ Amazon's strict new RTO rule creates an awkward situation for One Medical
▼ + stars: | 2024-09-17 | by ( Eugene Kim | ) www.businessinsider.com time to read: +1 min

Amazon's One Medical recently rolled out a new hybrid work approach. It was different from Amazon's mandate for corporate employees to be in the office five days a week. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOne Medical may have been the first big exception to Amazon's strict new RTO mandate.

Persons: — Organizations: Service, Medical, Business

☆ Women at work are making gains in leadership roles, but catching up to men could take decades, new report estimates
▼ + stars: | 2024-09-17 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Women also made gains since 2018 in becoming vice president and senior vice president, but again in staff roles. Half of companies also offer support for those employees caring for sick family members or elderly parents, the study found. The report found that for every 100 men who received their first opportunity to be a manager, only 81 women got the same offer. “Given that employees with consistent manager support are more likely to be promoted, it very likely disadvantages them,” the analysis said. “Research shows that companies with more women in leadership benefit from greater innovation, healthier cultures, and stronger performance.

Persons: — Organizations: CNN, McKinsey & Company, Companies, evaluators, ” Employees, McKinsey, “ Research Locations: America

☆ Tech M&A has been thwarted by regulators, but dealmakers skeptical that election will change much
▼ + stars: | 2024-09-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +12 min

Amazon abandoned its $1.7 billion purchase of iRobot in January after the FTC and European regulators raised concerns. Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. Before the company announced its $27 billion purchase of data analytics software company Splunk last September, he said he viewed the risk as absolutely worth taking. Alphabet's last big deal was its $5.4 billion purchase of cybersecurity company Mandiant in 2022. Microsoft closed its massive $75 billion purchase of Activision in October, but it took 20 months and a protracted fight with U.S. and European regulators.

Persons: Lina Khan, Jonathan Kanter, Khan, Joe Biden, Drew Angerer, Biden, Permira, Thoma, Sen, JD Vance, Donald Trump's, Barry Diller, Reid Hoffman, Kamala Harris, Andrew Luh, Gunderson Dettmer, Figma, Dana Rao, Rao, We've, they've, Juniper, Salesforce, Antonio Neri, Pau Barrena, Neri, Sergio Letelier, hasn't, Letelier, Marc Benioff, It's Benioff's, Slack, Benioff, Derek Idemoto, who's, Idemoto, that's, Splunk, HPE's Letelier, it's, Harris, Trump Organizations: U.S . Federal Trade Commission, Justice, Brookings Institution, U.S, Senate, Getty, Google, Amazon, Microsoft, Federal Trade Commission, iRobot, FTC, BlackRock, Thoma Bravo, KKR, Republican, CNBC, Democratic, Trump, Big Tech, Justice Department, DOJ, Apple, Meta, Adobe, European Commission, UK Competition, Markets Authority, Justice Department's Antitrust, Hewlett Packard Enterprise, Mobile World Congress, MWC, AFP, Juniper, Markets, DOJ's Antitrust, European Union, EU, Software, Cisco, Activision, Foreign Investment, Regulators, Bloomberg, Tech Locations: Washington, Europe, Barcelona, Pau, Salesforce, United States

☆ This 38-year-old is financially independent with passive income. Here's how he built a 7-figure real estate portfolio
▼ + stars: | 2024-09-17 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

Shu Matsuo Post, 38, built a $2 million real estate portfolio, according to documents seen by CNBC Make It. Over the course of about seven years, the 38-year-old consistently poured over 50% of his and his wife's dual income into real estate investing. Beginning of real estate investing journeyMatsuo Post's journey toward financial independence was not straightforward. Pivoting his career multiple times, he worked in industries like journalism, retail and technology before entering real estate. "We found real estate and kept talking about it, and then we decided that we can live off of one income," Matsuo Post said.

Persons: Shu Matsuo, Matsuo, it's, Matsuo Post, Christina, I'm, that's Organizations: CNBC, Matsuo Post, FI, YouTube Locations: U.S, Japan, Hong Kong, Minnesota, New York

☆ Op-ed: Here’s why a sale of Bausch + Lomb could lead to a windfall for Bausch Health investors
▼ + stars: | 2024-09-17 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Bausch + Lomb parent company Bausch Health is spinning off the eye-care company with an upcoming IPO which will list on the New York Stock Exchange and TSX with the ticker symbol “BLCO”. This would greatly benefit BLCO stockholders, of which Bausch Health is the largest. As an 88% owner of BLCO, Bausch Health's value derived from such a sale would be $12.32 billion. Adding the value of the proceeds from BLCO sale, the Xifaxan cash flows and RemainCo yields a total value of $25.93 billion for Bausch Health. After subtracting 100% of the Bausch Health debt, that would yield an equity value of $10.49 billion or $28.19 per share.

Persons: Bausch, Scott Olson, Richard Mulligan, John Paulson, Brett Icahn, Steven Miller, Carl Icahn, BLCO, Goldman Sachs, Bausch Health's, Peers, InMode, Takeda, Gary Hu, Brent Saunders, Ken Squire Organizations: Bausch Health, New York Stock Exchange, TSX, U.S . Securities, Exchange, Financial Times, Cooper Companies, BLCO, Products, Takeda Pharmaceuticals, Ironwood Pharmaceuticals, Health, 13D Locations: CHICAGO , ILLINOIS, Chicago , Illinois, BLCO

☆ How a Google exec makes "scrappiness" her superpower
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow a Google exec makes "scrappiness" her superpowerGoogle's Consumer Hardware Chief Operating Officer says her upbringing in Costa Rica taught her to do a lot with very little, which has helped her succeed in corporate America.

Locations: Costa Rica, America

☆ Sam Altman is leaving a key OpenAI board. His departure should satisfy some big critics.
▼ + stars: | 2024-09-17 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewOpenAI just announced the members of its revamped Safety and Security Committee, and CEO Sam Altman is not on the list. When the group was announced, Altman, Taylor, and five OpenAI technical and policy experts were named to the committee, alongside the independent board members. AdvertisementThe safety committee will "exercise oversight over model launches, including having the authority to delay a release until safety concerns are addressed," the blog post said. OpenAI's troublesLast month, the company battled to stop an AI safety bill in California, saying it would stifle progress and drive companies out of the state. Weeks before that, nine current and former OpenAI employees signed an open letter pointing out the risks of generative AI.

Persons: —, Sam Altman, Bret Taylor, OpenAI's, Altman, Taylor, Zico Kolter, Adam D'Angelo, Paul Nakasone, Nicole Seligman, William Saunders, Daniel Kokotajlo, Weeks Organizations: Service, Security Committee, Business, Carnegie Mellon University, US Army, Sony Corporation, o1, OpenAI, Securities and Exchange Commission Locations: California, NDAs

☆ Amazon says hot desks don't work for headquarters staff in the RTO era
▼ + stars: | 2024-09-17 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Unassigned desks help companies save on real estate because they typically have fewer desks than employees, rather than assigned workstations. In a Monday memo to employees, Jassy said that the company is going to bring back assigned desks in offices that once had them. Amazon's return to office and return to a fixed-desk mandate is in line with its recent crackdown on pandemic-era benefits. AdvertisementThe end of hot deskingWhile hot desking was first introduced by IBM in the 1990s, it became especially popular after the pandemic. Others hate moving their things around and having to adjust their desks and computers each time they begin to work.

Persons: —, Andy Jassy, Jassy, Amazon's, Meta, that's Organizations: Service, Business, CNBC, Puget, ., IBM, Employees, Tech, Google Locations: Arlington , Virginia, Europe, View , California

☆ How the Research Triangle has helped make North Carolina one of America's fastest-growing economies
▼ + stars: | 2024-09-16 | by ( Natalie Rice | ) www.cnbc.com time to read: +2 min

North Carolina's Research Triangle is one of the fastest-growing areas in the U.S., with a population that's boomed by 5.6% since 2020 to 2.4 million people, according to Census data. The area, also known simply as "The Triangle," is anchored by Raleigh, Durham and Chapel Hill and their major universities: North Carolina State University, Duke University and the University of North Carolina at Chapel Hill. And in that 50 years, North Carolina has totally restructured its economy," said Michael Walden Reynolds, an economics professor at North Carolina State University. The Triangle region has about 4,000 tech and 600 life science companies, and more than 300 companies are headquartered in RTP alone, according to the Research Triangle Regional Partnership and Work In The Triangle. "Companies are seeing the advantages of doing business here," said Ryan Combs, executive director of the Research Triangle Regional Partnership.

Persons: I've, Michael Walden Reynolds, Apple, it's, Ryan Combs Organizations: Chapel Hill, North Carolina State University, Duke University, University of North, RTP, North, Research Triangle Regional, Meta, Novo Nordisk, Google, Apple, Nordisk, CNBC, Business . Locations: U.S, Raleigh, Durham, University of North Carolina, North Carolina, RTP, States

☆ India's Bajaj Housing Finance sees shares more than double on debut after stellar IPO
▼ + stars: | 2024-09-16 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Shares of India's Bajaj Housing Finance more than doubled Monday on their market debut, reflecting strong demand from investors looking to play the country's growing real estate sector. Bajaj Housing Finance's blockbuster IPO last week drew bids worth $39 billion, with shares being oversubscribed nearly 64 times. After Monday's debut the total market cap of the company was pegged at about $15.6 billion (1,331.59 billion rupees), exchange data showed. Bajaj Housing Finance, headquartered in Pune, caters to more than 88.11 million customers across the country, according to the company's website. It also provides loans against property for business or personal needs as well as working capital for business expansion purposes.

Organizations: India's Bajaj Housing Finance, National Stock Exchange, Bajaj Housing, Bajaj Housing Finance, Bajaj Finance Locations: India, Pune

☆ Reskilling and investing in communities are crucial during the AI revolution, IBM's chief impact officer says
▼ + stars: | 2024-09-16 | by ( Julia Hood | ) www.businessinsider.com time to read: +5 min

Justina Nixon-Saintil is IBM's chief impact officer and a member of BI's Workforce Innovation board. This article is part of "Workforce Innovation," a series exploring the forces shaping enterprise transformation. What is the connection to workforce innovation? We also make sure that we're investing in communities that are most vulnerable due to climate change and environmental threats. They're all thinking the same thing: How can we use new technologies to understand all communities better and have a greater impact?

Persons: Justina Nixon, —, Nixon, Saintil, I've, we've Organizations: Service, IBM, CSR Locations: Singapore

Local governments in China are still building highways, bridges and railways, as pictured here in Jiangxi province on Sept. 6, 2024. That's cutting significantly into local government revenue, especially at the district and county level, according to S&P Global Ratings analysts. watch now"Macroeconomic headwinds continue to hinder the revenue-generating power of China's local governments, particularly as related to taxes and land sales," she said. Jiangsu, Shandong, Shanghai, and Zhejiang — some of China's top provinces in tax and non-tax revenue generation — see non-tax revenue growth exceeding 15% year-on-year growth in the first half of 2024, S&P's Huang said. China's national taxation administration in June acknowledged some local governments had issued such notices but said they were routine measures "in line with law and regulations."

Persons: Huang, P's Huang, Camille Boullenois, Laura Li, Morgan Stanley, Chetan Ahya, Robin Xing Organizations: Getty, BEIJING, Global, CNBC, NingBo BoHui Chemical Technology Locations: China, Jiangxi, Beijing, Zhejiang, NingBo, Jiangsu, Shandong, Shanghai, Asia

☆ Harris can chart her own path with the top regulators — and Big Business hopes she's on their side
▼ + stars: | 2024-09-16 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +9 min

Chris Larsen, the billionaire founder of blockchain payments company Ripple who is among the execs to endorse Harris, told Business Insider he wants her to make different appointments if she wins. "The way that they have already been interacting with business leaders is a compelling indication of where things could go in the future," Levie told Business Insider. Kovacic previously told Business Insider that Harris' relationship to economic progressives like Warren remains unclear. "It's not as though they think she will simply be an agent of Big Tech," he previously told Business Insider. "In the next four years, we'll be dealing with major policy subjects that relate to the next many decades of innovation," he told Business Insider.

Persons: —, Joe Biden, hamstrung, he'd, Sen, Elizabeth Warren of, Biden, Warren, Warren's, Lina Khan, Gary Gensler, Kamala Harris, Khan, William Kovacic, That's, Harris, Adam Kovacevich, Elizabeth Warren, Kovacevich, Kamala Harris doesn't, Politico, winced, Aaron Levie, Arati Prabhakar, Chris Larsen, Larsen, Catalini, Gensler, Dallas Mavericks Mark Cuban, Levie, Kovacic, Obama, Douglas Farrar, we'll Organizations: Service, White, Democratic, Business, Federal Trade Commission, Securities, Exchange, George Washington University, of, Consumers Bank Association, Science, Technology, Bloomberg, MIT Cryptoeconomics, SEC, Dallas Mavericks, FTC, Democratic Party, Warren, Biden, Big Tech, Harris Locations: Elizabeth Warren of Massachusetts, Biden's, Harris, California, Gensler

☆ Amazon employees blast new RTO policy in internal messages: 'Can I negotiate my manager to PIP me?'
▼ + stars: | 2024-09-16 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Read previewSome Amazon employees took to an internal Slack channel to blast the company after it announced plans to require corporate employees to work in the office five days a week. One staffer was so upset they issued a plea to Business Insider, which has covered Amazon's RTO crackdown extensively. Other Amazon workers weighed in, too, on a company Slack channel dedicated to RTO-related topics. Amazon's RTO policy was already strict, but Jassy just doubled down hard on the company's in-office approach. "Can I negotiate my manager to PIP me," one employee wrote in reference to Amazon's famously ruthless performance improvement plan.

Persons: —, Andy Jassy's, Slack, It's, Jassy, Amazon's, Andy Jassy, Jeff Bezos's, Bezos, Ashley Stewart Organizations: Service, Business, Google, Amazon

☆ How I went from community college to a Blackstone internship in just 5 years
▼ + stars: | 2024-09-16 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +9 min

I decided to attend the Bureau of Manhattan Community College to build up my academic skills before eventually transferring to City College. That person suggested I apply to Blackstone's LaunchPad, which gives first-generation college students a chance to experience corporate life through an internship. Before this internship, I had no corporate experience, but now I feel confident because I've succeeded at such a big firm with a good reputation. AdvertisementHere's how I went from being the first person in my family to apply to college shortly after moving to the US to an internship at Blackstone in just a few short years. He referred me to a campus recruiter from Blackstone and also told me about the LaunchPad internship.

Persons: Elian Hilario, Blackstone's, I've, Elian, Braven, Blackstone, LaunchPad, Maura Pally, I'm, we've Organizations: Service, Manhattan Community College, City College, Business, Blackstone, DEI, Diverse, Analysts, Blackstone Charitable Foundation Locations: New York, Dominican Republic, Blackstone's, Blackstone, of New York

☆ Inside Man Group's rebuild of a key platform that will change the way the giant hedge fund analyzes data and manages risk
▼ + stars: | 2024-09-16 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The new platform, called Condor, was initially designed to replace a cobbled-together patchwork of different systems — some built more than a decade ago — underpinning Man AHL, the firm's systematic-trading arm. Over time, Man built different systems to trade them all. With Condor, Fitzgerald wants to bring those together — the research, the trading, and the logging — into a single platform. But software engineers adding functionalities, risk teams managing exposure, and support teams ensuring trading systems are running will also be using Condor.

Persons: —, Barry Fitzgerald, Fitzgerald, cohead, it'll, Condor Organizations: Service, Business, Condor, Man AHL, AHL

☆ Crypto spending on 2024 election hits $190 million, led by Winklevoss twins
▼ + stars: | 2024-09-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

The Winklevoss twins, Coinbase and Ripple didn't immediately respond to requests for comment. Huge jump from 2020Delmore, who has been assembling reports on crypto donations in the 2024 election for blockchain analytics platform Breadcrumbs, told CNBC that industry spending is nearly double where it was in the mid-terms — more than $190 million in the 2024 election versus $98 million in the 2022 election. It's nearly 13 times spending in 2020 of $15 million — a figure based on a mix of data from FEC and OpenSecrets filings. Unlike the past two election cycles, which featured spending from the now-bankrupt crypto exchange FTX and founder Sam Bankman-Fried, this year's contributor list is more robust and diverse. "Most of the crypto donations in 2022 were from FTX and SBF and almost all of them went to Democrats or PACs that support Democrats," Delmore said.

Persons: Tyler Winklevoss, Cameron Winklevoss, Joe Raedle, Cameron, James Delmore, Donald Trump, Chris Larsen, Brad Garlinghouse, Ro Khanna, John Deaton, Democratic Sen, Elizabeth Warren, Stuart Alderoty, Alderoty, Ripple, David Sacks, Trump, Gary Gensler, Gensler, Harris, Biden, Delmore, It's, Sam Bankman, Fried, Andreessen Horowitz, Coinbase, Coinbase's Organizations: Gemini, Mana Convention, Getty, CNBC, Trump, Republican, Trump America PAC, Fairshake PAC, Labs, Democratic, SEC, San, FEC, Citizen, Fairshake, Bloomberg, Crypto Alliance, DC Locations: Wynwood, Miami , Florida, bitcoin, Massachusetts, San Francisco, FTX

☆ Internal Amazon document spells out its new RTO rule forcing employees to work from an office 5 days a week
▼ + stars: | 2024-09-16 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +13 min

Read previewAn internal Amazon document details the company's new policy requiring corporate employees to work out of the office five days a week. AdvertisementThe internal "Frequently Asked Questions" document shared with employees describes how the new RTO policy will work. It has ended a policy that gave employees the option to work up to four weeks per year fully remote. Amazon provides a variety of commuter benefits and services to give employees flexibility for their commute to the office. AdvertisementWe will continue to work with employees with disabilities to identify the workplace accommodations/adjustments they need.

Persons: —, Andy Jassy, We've, Amazonians, you've, that's, I'm Organizations: Service, Monday, Business, Amazon, Puget Sound, Global Real, Design, Employees, IT Services Locations: U.S, Arlington, Europe, Americas

☆ Smartcat is using AI to translate content into any language. Check out the six-slide pitch deck the startup used to land $43 million in fresh VC funding.
▼ + stars: | 2024-09-16 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The startup, Smartcat, just raised $43 million in Series C funding led by New York-based VC firm Left Lane Capital with Lead Edge Capital also participating. Smartcat previously raised a $4.5 million seed round in 2017, a $7 million Series A in 2018, and a $15 million Series B in 2020, according to PitchBook data. VC investment in AI startups is continuing to go gangbusters, topping out at a whopping $24 billion in the second quarter of 2024 — the biggest quarter for AI funding in recent years, according to Crunchbase. AdvertisementWhile some consumer and healthcare AI startups have raised eye-popping rounds, the tech is creating plenty of opportunities in the B2B space. Check out the six-slide presentation Smartcat used to raise $43 million in Series C funding.

Persons: —, Smartcat, Ivan Smolnikov, Smolnikov Organizations: Service, Left Lane, Lead Edge Capital, Marbruck Investments, Chrome, Business Locations: New York, Koro, Smartcat

☆ Citigroup says both candidates are negative for stocks, so hope for a split Congress
▼ + stars: | 2024-09-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Investors may be better off if November's election ends with neither candidate having enough wiggle room to enact their economic policies, according to Citigroup. "We maintain our ongoing view that either candidate's policy platforms are U.S. equity negative, but notably in a 'sweep' context. We mark the Harris platform as incrementally more negative (-4% to -6%) vs the Trump platform (0% to -4%). A split congress with either candidate mitigates most of the nearer term risk to fair values," the note said. … We continue to reiterate our ongoing concern that the deficit circumstance will move more front and center with investors post election," the Citigroup said.

Persons: Scott Chronert, Kamala Harris, Donald Trump, Harris, mitigates, Trump Organizations: Citigroup, Trump, White Locations: Montana , Nevada , Arizona, Pennsylvania

☆ Why these Gulf states want to be AI superpowers
▼ + stars: | 2024-09-16 | by ( Nell Lewis | Rym Bendimerad | ) edition.cnn.com time to read: +5 min

“There’s huge investments going into (AI) in the Middle East,” said Stephen Anderson, Middle East strategy and markets leader at PwC, speaking to CNN at last week’s Global AI Summit (GAIN) in Riyadh, Saudi Arabia. Energy demand from AI, data centers and cryptocurrencies could double by 2026, according to the International Energy Agency. Gulf states are investing heavily in AI as they look to diversify their economies. Last year, the UAE unveiled a tool called Jais and Saudi Arabia has developed the Arabic chatbot ALLaM. Challenge of governanceOne of the major hurdles with the development of AI is public perception and governance: how should AI and data be regulated safely, securely, ethically and fairly?

Persons: “, ”, Stephen Anderson ,, Anderson, We’re, ” Anderson, Nick Studer, Oliver Wyman, Studer Organizations: CNN, United Arab Emirates, PwC, AI, Google, Energy, International Energy Agency, ”, Saudi, AI Authority, Oliver Wyman Group, International Telecommunication Union Locations: UAE, Stephen Anderson , Middle, Riyadh, Saudi Arabia, Qatar

☆ Stocks making the biggest moves before the bell: Apple, Intel, Alcoa, Micron Technology and more
▼ + stars: | 2024-09-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Apple — The technology stock fell more than 2% following analyst reports that early shipping data may signal softer demand for iPhone 16 Pro models. Intel — The semiconductor stock rose 1.3% before on the bell. Micron Technology — The semiconductor stock slid 2.8% after Morgan Stanley cut its price target by a whopping $40 to $100. ASE Technology — The semiconductor packager added 1.7% on the heels of a Morgan Stanley upgrade to overweight from equal weight. Zillow — The real estate stock rose more than 2% after an upgrade to outperform from neutral from Wedbush.

Persons: Donald Trump, Bausch, Morgan Stanley, Morgan Stanley's, Wells, Ally, downgrades, Zillow, —, Jesse Pound, Sarah Min, Sean Conlon, Samantha Subin Organizations: Trump Media & Technology, Republican, Holdings, Apple, Financial Times, Alcoa, Intel, Bloomberg, Micron Technology, Technology, Colgate, Palmolive, Bank of America, Zillow Locations: California, Wells Fargo

☆ Russia is furious over reports that a commander sent his best drone operators to die as infantrymen because they criticized him
▼ + stars: | 2024-09-16 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Read previewThe deaths of two seasoned Russian drone operators in Ukraine have stirred a frenzy among pro-Kremlin military bloggers, who say the specialists were sent to fight as regular infantrymen. As for Gritsai, Russian military bloggers who claimed to personally know him reported that he was a career officer. AdvertisementRussian backlash and an official responseThe footage sparked an outcry over the weekend among Russian military bloggers, many of whom independently reported that the two men had been killed in battle. Part of the backlash stems from assessments by on-the-ground pundits that Lysakovsky and Gritsai had been two of the best drone operators at the frontline. Nothing," Lysakovsky wrote in a message dated September 10.

Persons: —, Dmitry, Goodwin, Lysakovsky, Sergei, Ernest, Gritsai —, Gritsai, Igor Puzyk, Puzyk, WarTranslated, Dmitri, Alexander Kots, Viktor Goremykin, Valery Gerasimov, Svyatoslav Golikov Organizations: Service, Kremlin, Business, Russian Telegram, 87th Rifle Regiment, Donetsk People's, Kommersant, Russian Defense Ministry Locations: Russian, Ukraine, Pokrovsk, Donetsk, Estonian, Donetsk People's Republic, Moscow

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