DIRS.INFO The most relevant business & tech news

☆ Proto’s hologram boxes can beam ‘3D’ video into your living room
▼ + stars: | 2024-09-27 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

CNN —Billing itself as the world’s “first holographic communications platform,” US startup Proto is beaming life-size, “3D” video into universities, hotels and medical centers. The boxes can reproduce pre-recorded video as well as a live feed, and any 4K camera, including an iPhone, can be used as the source. Nussbaum, whose background is in radio and podcasting, started Proto in 2018. In 2023, video of actor William Shatner was beamed from Los Angeles to the Advertising Week APAC event in Sydney, Australia. A similar technology launched by Dutch company Holoconnects has been deployed at hotels in Scandinavia, and used for advertising by BMW.

Persons: CNN —, —, William Shatner, ”, David Nussbaum, Nussbaum, Holoconnects, Gary Burnett, Proto, Clay Jackson, Crystal Freeman, “ Organizations: CNN, Inc, Amazon, Verizon, Siemens, Accenture, Walmart, NFL, JFK, Beverly Wilshire, BMW, Google, HP, Cisco, MIT, Vanderbilt, Stanford, University of Loughborough, Loughborough University, West Cancer Center, University of Tennessee College of Medicine Locations: Los Angeles, Orlando , Florida, Sydney, Australia, New, Beverly Hills , California, Scandinavia, Webex, Central Florida, Memphis , Tennessee, New Jersey

☆ Volkswagen cuts 2024 outlook as car demand falters
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +2 min

A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg, Germany. Volkswagen cut its annual outlook for the second time in less than three months on Friday, citing a weaker-than-expected performance at its passenger car division as pressure on Europe's top automaker continues to rise. The lowered outlook is the latest from Germany's car giants, with Mercedes-Benz and BMW both downgrading their annual forecasts earlier this month as a result of weakening demand in China, the world's biggest car market. Volkswagen said it was cutting its outlook "in light of a challenging market environment and developments that have fallen short of original expectations, particularly at the brands Volkswagen Passenger Cars, Volkswagen Commercial Vehicles and Tech. Porsche, the holding company of the Porsche and Piech families that holds most of the voting rights in Volkswagen and is the carmaker's single biggest shareholder, also cut its own outlook in the wake of Volkswagen's downgrade.

Persons: IG Organizations: VW, Volkswagen, Mercedes, Benz, BMW, IG Metall, Volkswagen Commercial Vehicles, Porsche Locations: Wolfsburg, Germany, China

☆ OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue
▼ + stars: | 2024-09-27 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

OpenAI, the creator of ChatGPT, expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC has confirmed. The New York Times was first to report on OpenAI's financials earlier on Friday after viewing company documents. OpenAI, which is backed by Microsoft, is currently pursuing a funding round that would value the company at more than $150 billion, people familiar with the matter have told CNBC. Thrive Capital is leading the round and plans to invest $1 billion, with Tiger Global planning to join as well. The company will retain its nonprofit segment as a separate entity, a person familiar with the matter told CNBC.

Persons: ChatGPT, OpenAI, CNBC hasn't, Sarah Friar, Mira Murati, Matt McIlwain Organizations: CNBC, The New York Times, Microsoft, Tiger Global

Which Battleground State Voters Could Sway the Election? It says that in order for Democrats to win, Black voters must make up 30 percent of all voters and at least 30 percent of white voters must vote Democratic. Black voters, who cast nearly a third of the ballots in 2020, overwhelmingly favored Mr. Biden — by almost 90 percent. That’s because educational attainment divides mostly white voters, and many of Nevada’s less-educated voters are not white. Even so, that wasn’t enough for him to overcome the coalition of white voters with a college degree and voters of color who delivered Mr. Biden a victory.

Persons: they’ve, Biden, Biden’s, Donald J, Trump, “, Mark Kelly, ”, Samara Klara, Charles S, Bullock, Kamala Harris, Andra Gillespie, —, “ There’s, Matt Grossmann, David Damore, suburbanites, Chris Cooper, Trump’s, Charles Franklin Organizations: Hispanic, The New York Times, White Hispanic, Democratic Senate, Mr, Biden, University of Arizona ., White, University of Georgia, Democratic, Black, Georgia, Emory University . Georgia, Suburban, Arab American, Michigan, ’, Michigan State University, Israel, Democratic Party, University of Nevada, Rural, Voters, North, Western Carolina University, Wisconsin, University of Wisconsin ., Marquette Law Locations: The, Arizona, U.S, University of Arizona . Georgia, Georgia, Michigan, Detroit, American, Gaza, Nevada, Las Vegas, ”, Carolina, North Carolina, Greensboro, Asheville, Trump, ” Pennsylvania, Pennsylvania, Pittsburgh, Pennsylvania’s, Philadelphia, Wisconsin, Milwaukee, Madison, University of Wisconsin . Wisconsin, Dane County

☆ What it would take to remove embattled New York City Mayor Eric Adams from office
▼ + stars: | 2024-09-27 | by ( Alice Tecotzky | Lloyd Lee | ) www.businessinsider.com time to read: +4 min

NYC Mayor Eric Adams insisted that he will remain in office despite his indictment. However, the city's charter outlines two ways Adams could be forcibly removed from his position. AdvertisementAfter news broke that New York City Mayor Eric Adams was indicted on five criminal counts, many other politicians started calling on him to resign his post. The committee includes five members: New York City's top attorney, the comptroller, the City Council speaker, the borough president serving the longest consecutive term, and a deputy mayor that the mayor selects, the city charter states. If Adams is removed from office or resigns, Jumaane Williams, the city's public advocate, would serve as acting mayor.

Persons: Eric Adams, Adams, Kathy Hochul, —, Adrienne Adams, Donovan Richards, Brad Lander, Richards, Lander, Muriel Goode, Trufant, Goode, Randy Mastro, Fabien Levy, Jumaane Williams, Williams, Gracie Organizations: Service, New, New York City, Gov, York, City Council, City, Speaker, The New York Times Locations: New York, Gothamist , New York City, Lander, —

These are the best credit cards for bad credit in 2024, according to Business Insider's team of credit card experts. Discover it Secured Credit Card ReviewBest for 1.5% Cash Back: Capital One Quicksilver Secured Cash Rewards Credit CardThe Capital One Quicksilver Secured Cash Rewards Credit Card is a secured credit card that earns a straightforward 1.5% cash back on all purchases with no limits. US Bank Altitude Go Secured Credit Card ReviewBest for Everyday Expenses: Bank of America® Customized Cash Rewards Secured Credit CardThe Bank of America® Customized Cash Rewards Secured Credit Card is another good option for maximizing your rewards earnings. Credit Cards for Bad Credit Frequently Asked QuestionsWhat are the main benefits of credit cards for bad credit? Upgrade to an unsecured credit card — Secured credit cards are meant to be a stepping stone to better financial products.

Persons: They're, it's, cardholders, you'll, Cardholders, Cash, you've, You'll, you’ve, it’s, Quicksilver, WebBank, —, Holly Johnson Freelance, Holly Johnson, Johnson, Angela Fung, Read Organizations: Business Insider, U.S . Bank, Bank of America, Card, Bank, Bad Credit, Credit, Business, Quicksilver, . Bank, Cell, Sporting, EV, US Bank, Cash Plus, U.S, Go, The Bank of America, Gas, Drug, of America, Walmart, Visa, Discover, Capital, CreditWise, Rewards, Bank Cash, Go Visa, Cards, U.S . News, Club, Finance Locations: U.S, Capital, Chevron

☆ EEOC says Globe Life "created, condoned" a work environment that is hostile and abusive to women
▼ + stars: | 2024-09-27 | by ( Susan Antilla | ) www.businessinsider.com time to read: +10 min

Federal agency finds Globe Life tolerated nonconsensual touch, unwelcome genital exposure, sexual quid-pro-quos at top agency. EEOC says agents at the Globe Life agency were employees, not contractors. Equal Employment Opportunity Commission has found that Globe Life tolerated a "pervasive pattern of harassing conduct" against women at one of its top-producing sales agencies. American Income Life is one of five wholly owned subsidiaries of Globe Life that sell life, accident, and supplemental health insurance. Globe Life disclosed that risk in its filing this morning with the SEC and said it would fight any such lawsuit vigorously.

Persons: EEOC, —, Arias, Mark P, Carey, Renee Zinsky, Michael Russin, she'd, Zinsky, AIL, Sarah Reay, Matthew D, Trina Orlando, Anne Rose Dana, King, Jennifer Haworth, Simon Arias, partied, marshaling, Globe, Panda, Wilmer Hale, Matt Darden, Abeni Mayfield, Department of Justice —, Deborah A, Kane, Amy Williamson Organizations: Globe Life, Service, Commission, Business, BI, Globe, Arias Organization, Securities and Exchange Commission, Wexford, King & Spalding, Las, Department of Justice, Research, SEC Locations: Southport , Connecticut, Wexford, Pennsylvania, Morgantown , West Virginia, Las Vegas, Columbia , Maryland, Pittsburgh

☆ Morgan Stanley's shopping list for commodity stocks to get a boost from China stimulus
▼ + stars: | 2024-09-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

These commodity stocks could win big as China moves to boost its struggling real estate sector and economy, according to Morgan Stanley. Morgan Stanley's team believe these measures display a heightened "sense of urgency" and signal that China is "taking deflation seriously." Against this backdrop, the firm sees a positive setup for metals and mining stocks that have underperformed the S & P 500 by 25 percentage points since May. Here are some of the names that could benefit from China's stimulus: Within the mining sector, Morgan Stanley names Freeport-McMoRan and Alcoa among its top picks, with shares up about 22% and 17%, respectively, this year. Analysts view U.S. Steel as one of the biggest beneficiaries from a China stimulus along with shares of Nucor .

Persons: Morgan Stanley, Morgan Stanley's, Stephen Cheung, Carlos De Alba, Biden Organizations: Alcoa, Vale SA, Steel, . Steel, Japan's Nippon Steel, NBC Locations: China, Freeport, McMoRan, Indonesia, Nucor .

☆ Nearly 1 in 3 US adults may have an iron deficiency, study suggests
▼ + stars: | 2024-09-27 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +8 min

Absolute iron deficiency can be treated with iron supplements, and functional iron deficiency is managed by treating the underlying conditions leading to it, Buckley said, adding that the long-term consequences of functional iron deficiency remain under investigation. Absolute iron deficiency was also common among older women and men, a group that may be more susceptible to the effects of iron deficiency,” he said. Even among adults without conditions that may be associated with iron deficiency – anemia, heart failure, chronic kidney disease or pregnancy – the estimated prevalence of absolute iron deficiency was 11% and that of functional iron deficiency was 15%. Only about 33% of the adults with absolute iron deficiency and 14% of adults with functional iron deficiency had a potential medical reason to screen for iron deficiency, such as anemia, heart failure, chronic kidney disease or pregnancy. However, we know that iron deficiency can cause symptoms before a patient becomes anemic, as anemia is a late-stage manifestation of iron deficiency,” he said.

Persons: Dr, Leo Buckley, Buckley, ”, “, menstruate, Jacob Cogan, Cogan, ” Cogan, Sanjay Gupta, Theodore Strange, ” Strange Organizations: CNN, United States –, JAMA, of Pharmacy, Brigham, Women’s, Women’s Hospital, National Health, University of Minnesota, CNN Health, Northwell’s Staten Island University Hospital Locations: United States, Boston, Northwell’s

☆ What is chroming? Here’s what parents should know
▼ + stars: | 2024-09-27 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

“(Chroming) can become addictive when it’s done over and over again.”Here’s what else you should know about the risks of chroming, signs of dependency and how to talk to young people about the practice. Chroming can also be fatal, and the amount and frequency necessary for that outcome to play out is unpredictable, experts said. Protecting kids from substance misusePreventing kids from chroming can be difficult since the items used are often household or hobby items. “The best way to approach chroming is to approach it like other dangers — an ongoing conversation over time,” Choi said. If you notice chroming is a recurring problem for your child, they may have a dependency they can’t easily stop despite your intervention, Pizon said.

Persons: Anthony Pizon, Pizon, Betty Choi, ”, ” Choi, inhalants, “ There’s, ” Pizon, Choi, TikTok, Chroming, “, you’re Organizations: CNN, University of Pittsburgh School of Medicine, Survey, Mental Health Services Administration Locations: United Kingdom, ”

☆ 10 things to watch in the stock market Friday including a bullish call on Best Buy
▼ + stars: | 2024-09-27 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

We raised our price target on the stock. Best Buy was added to JPMorgan's analyst focus list after a meeting with the electronics and appliance retailer's management team. Deutsche Bank restarted coverage of Dell Technologies with a buy rating and price target of $144 a share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Bristol Myers, Morgan Stanley, Wynn, Jim Cramer, Dan Ives, Jim Cramer's, Jim Organizations: Club, Costco, Drug Administration, Bristol, Bristol Myers Squibb, Wynn Resorts, United Arab, Citigroup, Analysts, Walmart, Deutsche Bank, Dell Technologies, PepsiCo, HP Inc, Bank of America, HP, Wedbush Securities, Jim's, Jim Cramer's Charitable, CNBC Locations: what's, New Jersey, Las Vegas, United Arab Emirates, China, Macau

☆ Maggie Smith, 2-time Oscar winner and 'Harry Potter' star, dead at 89
▼ + stars: | 2024-09-27 | by ( Grace Eliza Goodwin | Palmer Haasch | ) www.businessinsider.com time to read: +4 min

Smith was well known for roles in the television series "Downton Abbey" and the "Harry Potter" films. Smith later became well known for her role as Professor Minerva McGonagall in the "Harry Potter" films, a role she said helped her bond with her grandchildren. Related storiesBut her most prolific TV role was as Violet Crawley on "Downton Abbey," which earned her three Emmy awards. The series ran for six seasons, and Smith returned for two subsequent "Downton Abbey" films, which were released in 2019 and 2022. She was later diagnosed with breast cancer in 2007 and went through chemotherapy while filming "Harry Potter and the Half-Blood Prince."

Persons: Dame Maggie Smith, Tony, Oscar, Smith, Downton, Harry Potter, —, Maggie Smith, Toby Stephens, Chris Larkin, Miss Jean Brodie, Minerva McGonagall, Delahunty, Violet Crawley, dames Judi Dench, Eileen Atkins, Joan Plowright, Sir Christopher Hampton's, Brunhilde Pomsel, Propaganda Joseph Goebbels, Graves, Prince, Sir Robert Stephens, Stephens, Alan Beverley Cross, Anjelica Oswald Organizations: Service, Business, Oxford Playhouse, Broadway, British Academy of Film, Television Arts, HBO, dames, Nazi Locations: British, Umbria, Nazi Germany

☆ UK PM Keir Starmer touts pro-business agenda as he woos top Wall Street CEOs
▼ + stars: | 2024-09-27 | by ( Jacqueline Corba | ) www.cnbc.com time to read: +1 min

The United Kingdom is pursuing investment from America's biggest banks and tech giants, as the country looks to infuse growth in its stagnant economy. "We now have a Labour government whose number one priority is wealth creation," U.K. Prime Minister Keir Starmer told CNBC's Andrew Ross Sorkin in an exclusive broadcast interview Thursday. "We are a Labour party that is proud to say we are pro business just as much as we are pro worker." In July, Starmer became the first leader from the center-left Labour party to win a U.K. national election since Tony Blair — ending 14 years of Conservative rule. This week, Blackstone committed to investing $13 billion to build a data center in the northeast of England.

Persons: Keir Starmer, CNBC's Andrew Ross Sorkin, Starmer, Tony Blair —, Brian Moynihan, Jane Fraser, Larry Fink, Brad Smith, Jonathan Gray, Blackstone Organizations: Labour, Conservative, United Nations General Assembly, Bank of America, Citi, BlackRock, Microsoft, Blackstone Locations: Kingdom, New York City, England, Europe

☆ A 37-year-old nurse got unusually short of breath on a hike. She had stage 4 lung cancer.
▼ + stars: | 2024-09-27 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +6 min

Lung cancer is rare in people under 45, but more women who have never smoked are developing the disease. She was young, healthy, and never smoked so was shocked when she was diagnosed with lung cancer. Although CDC data suggests rates of cigarette smoking, which is the leading risk factor for lung cancer in the US, have declined significantly over the last few decades, rates of non-smokers getting lung cancer are rising. Doctors quickly identified she had stage four, non-small cell lung cancer, which had spread to her pelvis, right femur, and cervical spine. She and her husband started Ten for Ten Million to raise funds for research at the MD Anderson Cancer Center.

Persons: Tiffany Job, —, wouldn't, Job, KLC Lung, she'd, KLC Organizations: Service, American Cancer Society, CDC, Oncology, University of Texas, Anderson Cancer Center, cramp Locations: Texas

☆ Wall Street braces for a turbulent October with jobs report on deck next week
▼ + stars: | 2024-09-27 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Both the Dow Jones Industrial Average and S & P 500 have broken out to new highs this month. BTIG chief market technician Jonathan Krinsky asked this week, referring to the S & P 500. The S & P 500 had risen more than 5%, while the tech-heavy Nasdaq Composite was higher by more than 1%. For the S & P 500, those levels represent declines of about 6% to 9%, as of Thursday's close. Initial Claims (09/28) 9:45 a.m. PMI Composite final (September) 9:45 a.m. S & P PMI Services SA final (September) 10 a.m.

Persons: Jonathan Krinsky, Dow, Adam Turnquist, LPL Financial's Turnquist, Jeff Hirsch, he's bullish, Hirsch wouldn't, Lamb Weston, Nonfarm Payrolls, —, Nick Wells Organizations: Federal, Dow Jones Industrial, Dow, CNBC, Nasdaq, LPL, Chicago PMI, Dallas Fed, PMI, Manufacturing, Nike, McCormick, ADP, PMI Services SA, Services PMI, Constellation Locations: Europe, U.S, Chicago

☆ An author is facing backlash for using AI to write 120 books. He says he's misunderstood.
▼ + stars: | 2024-09-27 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Tim Boucher has written over 120 books using AI-generated text and images. "My books allow AI models to speak for themselves, almost like the idea of an unreliable narrator in literature," he told Business Insider. AdvertisementCreative differencesTensions between AI companies and the creative industries have been bubbling since the release of AI image generators such as Midjounrey and the rise of AI-powered chatbots such as ChatGPT. AI companies, including OpenAI, are facing several similar lawsuits from groups of authors and artists. He said he thought the lawsuits would put a lot of pressure on how AI companies use licensed data, which he described as a "good thing."

Persons: Tim Boucher, —, he's, chatbots, Claude, ChatGPT, Boucher, Michael Chabon, Elon Musk's, Chabon Organizations: Service, Meta, Wild West

☆ I'm 58 and work as a nanny. I wish I could be as present with my own grandchildren.
▼ + stars: | 2024-09-27 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

Sharon Binkey is a part-time nanny with a degree in early childhood education. Binkey, 58, says she'd love to babysit her six grandkids but is estranged from her daughters. AdvertisementThis as-told-to essay is based on a conversation with Sharon Binkey, 58, a part-time nanny and book author from Pittsburgh. AdvertisementI have a real rapport with children and became a nanny about a decade and a half ago. I'm a nanny for a couple I met in churchChildren are — and have always been — my world.

Persons: Sharon Binkey, —, Gary, hadn't, they'd, I'd, they're, hasn't Organizations: Service, Business Locations: Pittsburgh, Boston

☆ Israel says it struck Hezbollah’s headquarters as huge explosions rocked Beirut
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +3 min

The strike in the Beirut suburb of Dahiyeh came shortly after Israeli Prime Minister Benjamin Netanyahu addressed the U.N., vowing that Israel's campaign against Hezbollah would continue. The Israeli army spokesman, Rear Adm. Daniel Hagari, said it targeted the main Hezbollah headquarters, located beneath residential buildings. Hezbollah's Al-Manar TV said four buildings were reduced to rubble in the blast, so powerful it rattled windows and shook houses some 30 kilometers north of Beirut. Israel has moved thousands of troops toward the border in preparation. At the U.N., Netanyahu vowed to "continue degrading Hezbollah" until Israel achieves its goals, further dimming hopes for an internationally backed cease-fire.

Persons: Benjamin Netanyahu, Daniel Hagari, Hezbollah's, Netanyahu, Firass Abiad Organizations: Hezbollah, Hamas Locations: Beirut, Dahiyeh, Lebanese, Lebanon, Israel, Gaza, Israel's, Sidon, Nabatiyeh, Tiberias

☆ Kamala Harris' marijuana stance is hazier than you think
▼ + stars: | 2024-09-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

Kamala Harris has previously supported federal marijuana legalization and continues to back reforms. AdvertisementAs a United States senator and 2020 presidential candidate, Kamala Harris supported not just legalizing marijuana nationwide, but expunging nonviolent marijuana-related offenses. Advertisement"I would suspect that she would probably support [legalization], but I don't know," said Democratic Sen. John Fetterman of Pennsylvania. 'I don't know whether that would be a top priority issue'There's no denying that marijuana legalization is popular. "I don't know whether that would be a top priority issue, but I do think that we will see a potential Harris administration go much farther than the Biden administration has," Fox said.

Persons: Kamala Harris, —, Joe Biden, Harris, Tim Walz, didn't, she's, that's, Biden, Donald Trump, Jim Himes, Democratic Sen, John Fetterman of, Earl Blumenauer, It's, Blumenauer, Booker, Alexandria Ocasio, Cortez, Morgan Fox, Fox, She's Organizations: Lawmakers, Service, United, Democratic Party, Spectrum News, Minnesota Gov, Marijuana, Capitol, Democratic, Rep, Oregon Democrat, Congressional Cannabis Caucus, Reinvestment, New York Democrat, Gallup, Republicans, Trump, National Organization, Congress Locations: United States, Jim Himes of Connecticut, John Fetterman of Pennsylvania, Alexandria, Florida

☆ China's ambitions for semiconductor self-sufficiency thwarted by lack of chipmaking tools
▼ + stars: | 2024-09-27 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +5 min

Making the most advanced semiconductors requires cutting-edge lithography scanners to print the small, complex circuit designs onto microchips. But the Dutch government has banned the sale of its most advanced equipment to China. "Recreating advanced lithography systems that took ASML decades to develop and commercialize is a tall order for any individual Chinese company," Triolo said. SHANGHAI, CHINA - NOVEMBER 8, 2023 - Visitors learn about lithography machines at the booth of ASML at the 6th CIIE in Shanghai, China, November 8, 2023. Meanwhile, the U.S. is not only restricting China's access to chips, but trying to boost its own industry thus further widening the technological gap.

Persons: Huai, Leping Huang, ASML, John Lee, Paul Triolo, Triolo, Lee, Camille Boullenois Organizations: Nurphoto, Getty, Huatai Securities, East, West Futures, Technological, China, DGA Group, ., Chips, Semiconductor Industry Association, Boston Consulting Group Locations: HUAI'AN, CHINA, Jiangsu province, China, U.S, . Netherlands, SHANGHAI, Shanghai, Taiwan

☆ Stocks making the biggest moves premarket: Bristol-Myers Squibb, Costco, Super Micro Computer and more
▼ + stars: | 2024-09-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Costco Wholesale — The membership-only retailer saw shares dip about 1% after the company missed expectations for fiscal fourth-quarter revenue. Super Micro Computer — Shares of the artificial intelligence beneficiary slipped 2%, adding to their 12% loss in the previous session. The Wall Street Journal reported that the U.S. Justice Department had opened a probe on the company. Dollar General — Shares fell 2% after Citi downgraded Dollar General to sell from neutral, saying Walmart 's increasing dominance in retail, especially on pricing, has the dollar store "on the wrong side." HP Inc. — The tech hardware stock fell about 2% after a downgrade to neutral from buy at Bank of America.

Persons: Myers Squibb, Costco, Hindenburg, Morgan Stanley, —, KeyBanc, — CNBC's Hakyung Kim, Lisa Kailai Han, Yun Li, Sarah Min, Jesse Pound, Samantha Subin, Michelle Fox Organizations: Myers, U.S . Food, Drug Administration, Novo Nordisk —, JPMorgan, Costco Wholesale, Revenue, Street Journal, U.S . Justice Department, U.S . Securities, Exchange Commission, Wynn Resorts, Citi, Walmart, HP Inc, Bank of America, HP Locations: Bristol, U.S, Novo Nordisk — U.S, Danish

☆ As ports strike nears, union warns that companies like Walmart, Ikea and Home Depot will be left with few to no import options
▼ + stars: | 2024-09-27 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

These companies are among the leading importers at the 14 major ports that an ILA strike would impact, according to ImportGenius. Out of the 85,000 members, 50,000 would go on strike at the 14 ports that are subject to a master contract that has not been negotiated. Separately, the Port of Montreal union affiliated with the Canadian Union of Public Employees issued a 72-hour notice that its own three-day strike starts on Monday, Sept. 30. Robinson, tells CNBC this strike could exacerbate the U.S. port strike disruption. "We'll shut them down," Daggett said in a recent video message to union members.

Persons: ImportGenius, Peter Sand, James McNamara, Mia Ginter, Robinson, Ginter, Harold Daggett, Daggett, William George, Biden, Taft, Hartley, USMX, McNamara, Maersk Organizations: International Longshoremen's Association, LG Electronics, Walmart, Ikea, Samsung, ILA, Cruise, Brothers, Port, Canadian Union of Public Employees, CNBC, U.S, Home Depot, Hyundai, General Motors, Dollar, . Tire, Michelin, Goodyear, Continental Tire, Glovis, Samsung Electronics, IKEA, US Maritime Alliance, NLRB, Reuters, Biden, Georgia Ports Authority, U.S ., Gulf, Mitre Locations: East Coast, Gulf Coast, Canada, West Coast, West, Coast, Great Lakes, Montreal, C.H, Port of Montreal, of Los Angeles, Lading, New York, New Jersey, Baltimore, Savannah, Houston , North Carolina, South Carolina, Virginia, New Orleans, Glovis America, In Savannah, Georgia, South, America, Newark, Maine, Texas, Boston , New York, Philadelphia, Wilmington, Norfolk, Charleston, Jacksonville, Tampa , Miami , New Orleans, Mobile, Houston, Gulf, NY, NJ, U.S . East Coast, Port of New York

☆ OpenAI execs were reportedly worried the company could collapse when Ilya Sutsveker left — and tried to woo him back
▼ + stars: | 2024-09-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

A new WSJ report sheds light on the internal tensions at OpenAI amid CTO Mira Murati's exit. The report said execs worried the company could collapse when cofounder Ilya Sutskever left in May. AdvertisementQuestions are swirling about what exactly has been going on at OpenAI amid a string of high-profile executive departures including former CTO Mira Murati. AdvertisementIt also reveals that executives worried about a potential collapse after OpenAI cofounder Ilya Sutskever left in May, and their attempts to woo the AI researcher back before reconsidering the offer. However, the Journal's reporting offers some fresh details about Murati's involvement as CTO amid the crunch to ready and ship new products.

Persons: Mira Murati's, execs, Ilya Sutskever, —, Mira Murati, Sam Altman, Murati's, Sutskever, Altman, hadn't, Jan Leike, Greg Brockman, Brockman, Murati, Sarah Friar Organizations: Service, Wall, Business, CNBC

☆ Google's reported $2.7 billion deal to bring back a former employee is proof AI geniuses are the new 'star quarterbacks'
▼ + stars: | 2024-09-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Google struck a $2.7 billion deal with Character.ai., largley to rehire AI expert Noam Shazeer, WSJ reported. It's an eye-popping example of how expensive and in demand top AI talent is as competition heats up. AI career experts told Business Insider it's a bit like pro sports — the superstars are worth it. AdvertisementThere are plenty of stories out there about just how ruthless the hiring wars for AI talent have gotten. Grennan predicted this pattern will continue as the AI talent window stays hot for the next three to four years.

Persons: Noam Shazeer, —, Shazeer, he's, it's, Mustafa Suleyman, Karen Simonyan, Andree Mendoza, Mendoza, Sergey Brin, Zuckerberg, Meta, Altman, Conor Grennan, Grennan, Noam Shazeer isn't Organizations: Google, Service, Nvidia, Wall Street, Business, Microsoft, Carex Consulting, Big Tech, NYU's Stern School of Business, Wall, Apple

☆ Harris heads to the US southern border, looking to close a polling gap with Trump
▼ + stars: | 2024-09-27 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: +6 min

Advisers to the vice president remain concerned about the gap between the candidates on immigration. Trump alluded to his current polling edge Thursday as he slammed his rival ahead of her visit to the border. Harris plans to use her trip to the US-Mexico border to slam Trump for scuttling the bipartisan border deal and lean into her work as attorney general of California, a border state, a campaign aide said. Adrees Latif/REUTERS/REUTERSAn early strategyThe Harris campaign signaled early on that it planned to counter Trump’s attacks on the vice president and the administration’s handling of border security. Harris previously visited the border as vice president and has cited her work as a border-state senator and state attorney general.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Joe Biden, “, ” Harris, Adrees Latif, “ Kamala Harris, Friday’s, Biden, that’s, ”, CNN’s Kit Maher Organizations: CNN, Republicans, Democratic, Trump, REUTERS, Border Patrol, New York Times, Siena College, Fox, Biden, Congressional Hispanic Caucus Institute Locations: Arizona, Trump, New York, Mexico, California, India, United States, Ruby , Arizona, It’s, Central America, Washington

Search resuls for: "aş"

25 mentions found