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☆ Andy Sieg Could Be Citi's Next CEO If He Can Fix a Broken Wealth Business
▼ + stars: | 2024-06-17 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +23 min

Andy Sieg shocked the finance industry last spring when he left Merrill Wealth Management. AdvertisementBank of America analyst Ebrahim Poonawala recently argued that Citi should consider selling the wealth business if it cannot improve its profitability. AdvertisementWhile Sieg has told Citi managing directors to manage up less, a former Merrill executive who worked under him said Sieg was adept at it. Former Citi managing directorAdvertisementVahid's position will be taken by Kris Bitterly, the global head of investment products, in September. Mirroring tactics that supercharged Merrill, Sieg has changed Citi Wealth's compensation scheme to prioritize asset gathering, to the consternation of several employees.

Persons: Andy Sieg, Kevin Crain, Sieg, Crain, Jane Fraser, Fraser, Morgan Stanley, Merrill, Smith Barney, Ebrahim Poonawala, Wells, Mike Mayo, Brian Moynihan, Alex Wong, Moynihan, Fraser isn't, Mayo, anoint, Jamie Dimon, Jennifer Piepszak, Marianne Lake, Viswas Raghavan, Jane, He'd, George H, Bush, Bill Schreyer, Merrill Lynch, Dave Komansky, David Komansky, YOSHIKAZU TSUNO, Phil, Doug, Lord Abbett, David Poole, Citi's, there's, That's, Poole, Glenn Schorr, Jim O'Donnell, O'Donnell, Sieg's, Andy Sieg's, Naz Vahid, David Bailin, Bailin, Naz, Phil Waxelbaum, Vahid, Kris, Don Plaus, Keith Glenfield, Dawn Nordberg, Edward Jones, They're, Ernst & Young, he's Organizations: Merrill Wealth Management, Business, Citi, Bank of America, Morgan, BI, Merrill, Bank, Citigroup, JPMorgan, Harvard, Penn State, JPMorgan Advisors, United Arab, Citi . Citi, Work, Citi lifer, Former Citi, North, Citi Alliance, Citi Wealth, Bloomberg, Ernst &, Citizens Bank Locations: Sieg, Wells Fargo, Merrill, Bellefonte , Pennsylvania, Poole, Singapore, United Arab Emirates, Mexico, London, Aventura , Florida, Asia, Manhattan, North America

☆ The ‘New Chinese style’ trend isn’t exactly new, but it’s proving lucrative
▼ + stars: | 2024-06-16 | by ( Christy Choi | ) edition.cnn.com time to read: +8 min

On Chinese social media platforms Weibo and Xiaohongshu, searches for “new Chinese style” and “new Chinese style outfits” hashtags exceeded 100 million in early April, according to state news agency Xinhua. “There is no set rule in the ‘new Chinese style’ (trend) that you must follow, so it is more inclusive. Riding the ‘new’ Chinese style waveFashion designers like Samuel Gui Yang, whose collections have long taken inspiration from Chinese heritage, are seeing more interest from mainland China turn to their brands due to the “new Chinese style” trend. Designer Huang Weizhe, who goes by Azhe online, often posts ideas about how to embrace the "new Chinese style" trend. But some of the “new Chinese style” products are “shoddily made” she said, though she thinks that their designs will improve with time.

Persons: CNN —, Liang Ben, ”, didn’t, Momo, Xiaohongshu, Huang Weizhe, Huang, Samuel Gui Yang, ’, Chang, Yang, Ang Lee’s, “, Hong, Bruce Lee, Eileen Chang, Ian Hylton's, Ian Hylton, Tang, ” Hylton, Min Liu, Min, Hylton, Min “, China’s TikTok, shoddily Organizations: CNN, China News Service, Xinhua, China National Textile and Apparel, Shanghai Fashion, CCTV Locations: China, Shanghai, Beijing, Chengdu, Cao, Shandong, Weibo, London, Hong Kong, American, State, Shandong province

☆ Against the odds, the USA cricket team is capturing hearts and minds with historic run through Men’s T20 Cricket World Cup
▼ + stars: | 2024-06-16 | by ( Ben Morse | Patrick Snell | ) edition.cnn.com time to read: +7 min

Saurabh Netravalkar (left) bowled the decisive Super Over to help the USA to its famous victory over Pakistan at the Men's T20 Cricket World Cup. A momentous dayBorn and raised in Mumbai, India, USA bowler Saurabh Netravalkar began playing cricket from an early age. Such was the promise he showed that he was selected for India’s team for the Under-19 World Cup in 2010, finishing the tournament as the country’s leading wicket taker. Not only is the US one of the co-hosts for the T20 World Cup for the first time, but it is making its debut appearance on this stage. The USA's success at the T20 World Cup has captured the hearts and minds of supporters at its home games.

Persons: Saurabh Netravalkar, Matt Roberts, Netravalkar, “, ”, Andrew Caballero, Reynolds, Aaron Jones, ” Jones, CNN’s Patrick Snell, Jones, Virat Kohli, Rohit Sharma, Adam Hunger, Ali Khan, Nosthush Kenjige, ” Kenjige, Stuart, ‘, ’, –, US –, We’ve Organizations: CNN, USA men’s, India, Pakistan, ICC, Ireland, India national, Cornell University, Cricket Council’s, USA, BBC, Veteran USA, USA Cricket, Stuart Law, Major League Cricket, US, Canada Locations: Pakistan, Mumbai, India, USA, New York, San Francisco, AFP, Queens , New York, Barbados, Caribbean, Dayton , Ohio, South Africa, New Zealand

☆ Meet the Professors Whose Porn Careers Cost Them Their Jobs
▼ + stars: | 2024-06-16 | by ( Hallie Lieberman | ) www.businessinsider.com time to read: +28 min

The porn videos had titles like "Juicy Anniversary" and "Bedroom Shenanigans." In search of a man for Wilson, Gow sought advice from his therapist, who suggested joining a swingers club. In the background, Video Gow is moaning "Oh yeah" as IRL Gow says, "I've always had some ED issues." As the video ends with the big finale — the money shot, as it's known in the industry — Video Gow stands above kneeling Video Wilson, arms outstretched. The termination letter said he had failed to properly report his income from the porn videos and had violated "prohibitions for using one's public position for private benefit."

Persons: Joe Gow, Carmen Wilson, Gow, isn't, " Gow, Wilson, Bruce Springsteen, we've, It's, I'm, Simone Lueck, BI Gow, hadn't, Wilson's, Nina Hartley, Danny Mountain, who'd, We've, Cal Berkeley, Lauren Phillips, Phillips, mischievously, We’ll, We'll, Barack Obama, Geri, Jay Hart, IRL Gow, I've, she'd, Barack Obama's, Hartley, Raymond Cross, Cross, Hartley dustup, Stills, —, Tony Tomich, Moberg doesn't, Gow's, demurely, Starr, Socrates, Eugene Volokh, Roe, Diane, wouldn't, aren't, They've, Wilson wouldn't, Hallie Lieberman, She's Organizations: University of Wisconsin, selfies, CNN, The, BI, UW, La, Sony, Higher, MIT, USC, Cal, Dickinson State University, Food Network, IRL, Dartmouth, La Crosse Tribune, La Crosse, University of, FTI Consulting, Easton Moberg, Press, Stanford, Court, eBay, Sssh.com Locations: La Crosse, London, India, Gaza, Gow, Rock, San Francisco, Wisconsin, Chicago, Los Angeles, North Dakota, Arizona, Communist China, City, San Diego

☆ Derek Jeter finally found a buyer for his lake-front castle, but only after cutting the price in half
▼ + stars: | 2024-06-16 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Derek Jeter has a buyer willing to pay $6.3 million for his lake-front castle in upstate New York. The Baseball Hall of Famer initially listed the property for over $14 million in 2018. Named Tiedemann Castle, the property features a turret, bridge, waterfall, and fountains. AdvertisementAfter years of trying, New York Yankees legend Derek Jeter finally found a buyer for his lake-front castle in upstate New York. But only after he cut the sale price in half, The New York Times reported.

Persons: Derek Jeter, — Organizations: The Baseball, of Famer, Service, , New York Yankees, New York Times, Times Locations: New York, , New

☆ How Carvel’s Fudgie the Whale became a Father’s Day icon
▼ + stars: | 2024-06-16 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +5 min

New York CNN —Whiskey, steaks and ties are all typical gifts for Father’s Day, but one specifically made for the holiday takes the cake: Fudgie the Whale. Ice cream cakes quickly flew off the shelves, first created in the mid-1950s, and twenty years later he thought of making a cake for Father’s Day. Fudgie helped Father’s Day become Carvel’s busiest day of the year for buying cakes, Salerno said. Fudgie’s popularity extends beyond Father’s Day, Salerno said, popular for other occasions like birthdays and anniversaries, too. The Fudgie family expanded this year with the introduction of Fudgie Pops, which are mini Fudgie cake pops on a stick.

Persons: Father’s, Tom Carvel, Fudgie, Jim Salerno, Carvel, Salerno, ” Salerno, ”, David Henkes, Baskin Robbins, Anne’s, Cookie, “ It’s, Santa Claus, “, It’s, Guy, Kelly Ripa, Kelly, Mark ”, he’s Organizations: New, New York CNN, Father’s, CNN, Dairy, Focus, “, New York Mets ’, Yankees Locations: New York, Father’s, Technomic, East Coast, Santa, Salerno

☆ Americans are still paying more for shoes, luggage and hats after Biden left Trump’s tariffs in place
▼ + stars: | 2024-06-16 | by ( Katie Lobosco | ) edition.cnn.com time to read: +12 min

Courtesy Abby ChowningThe tariffs Biden left in place – which are paid by US importers and not China – hit roughly $300 billion of goods. After Trump’s tariffs hit, some US companies sought new manufacturers in other countries. The Covid-19 pandemic upended the global economy roughly two years after Trump’s trade war began. Several studies show that Trump’s tariffs only marginally contributed to the rise in US inflation experienced after the pandemic and the following supply chain crisis. Trump’s tariffs were meant to get China to address those issues.

Persons: Donald Trump, Trump, Tiffany Zarfas Williams, ”, Zarfas Williams, Joe Biden, –, “ Trump, ” Biden, “, Biden, ’, Abby, China –, Rick Muskat, Jake Muskat, Alena Margolis, Muskat, ” Muskat, Phil Page, Page, Bryan Finch, ” Page, Morgan, Nate Herman, Matt Priest, Priest, Steve Madden, ” Jared Bernstein, we’ve, ” Bernstein, Justin Sullivan, ” Herman, Xi Jinping, Biden “ Organizations: Washington CNN —, China, Trump, Biden, Deer Stags, JCPenney, America, Cap America, American Apparel & Footwear Association, Bureau of Labor Statistics, Footwear Distributors, Retailers of America, Adidas, Columbia, Nike, White House Council, Economic Advisers, China Business, Trade, National Council of Textile Organizations, Port Locations: Lubbock, Texas, China, Ukraine, Missouri, Vietnam, Bangladesh, Port of Oakland, Oakland , California

☆ The rise in sports betting and gambling violations by pro athletes, in 4 charts
▼ + stars: | 2024-06-15 | by ( Annette Choi | ) edition.cnn.com time to read: +4 min

As pro athletes deal with the ramifications of betting on games, a growing number of people are also grappling with mental health issues associated with sports betting. Gambling addiction hotlines across the country have reported a huge surge in traffic in recent years. Texts and chats to the National Problem Gambling Helpline have increased around 800% since 2018 while call volume grew nearly 80%. The annual national social cost of problem gambling — including job loss and gambling-related criminal justice — amounts to around $14 billion, according to the National Council on Problem Gambling. In January, Sen. Richard Blumenthal and Rep. Andrea Salinas introduced the Gambling Addiction Recovery, Investment, and Treatment Act, which would use federal funding to treat and study problem gambling.

Persons: Tucupita, Jontay Porter, Robert Manfred, —, There’s, LeBron James, ”, Charlie Baker —, National Collegiate Athletic Association —, Sen, Richard Blumenthal, Andrea Salinas Organizations: CNN, Major League Baseball, San Diego Padres, National Basketball Association, Toronto Raptors, MLB, US, State helplines, of Ohio, National Council, Sports, American Gaming Association, Leagues, NBA, ESPN, National Collegiate Athletic Association, Investment Locations: New Jersey, Nevada, Washington, DC, Massachusetts, Las Vegas

☆ Trump got the perfect birthday present: complete capitulation by the GOP
▼ + stars: | 2024-06-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

CNN —Donald Trump got his 78th birthday present a day early — a handshake from his longtime bitter critic, Senate Minority Leader Mitch McConnell, encapsulating the Republican Party’s complete submission to its presumptive presidential nominee. They were provoked by the president.” He said Trump was morally and practically responsible for the assault on his beloved Capitol. “There’s tremendous unity in the Republican Party,” the ex-president said. Vance, was asked how some senior Republicans who had condemned Trump after January 6 could meet and applaud him now. “I think it’s a good thing and the Republican Party is in a good place.”Vance is not wrong.

Persons: Donald Trump, Mitch McConnell, encapsulating, Republican Party’s, Mike Pence, Keen, Florida GOP Sen, Marco Rubio, Trump, Texas Sen, Ted Cruz, McConnell, Doug Mills, Elaine Chao, ”, clasped McConnell’s, Nikki Haley, “, Evelyn Hockstein, Ohio Sen J.D, Vance, ” Vance, Utah Sen, Mitt Romney, Liz Cheney, Paul Ryan, Trump’s deportment, Biden, Joe Biden —, —, Donald Trump’s, It’s, Vladimir Putin, we’re, ” Biden, Volodymyr Zelensky, Putin, Joe Biden, Antonio Masiello, John Bolton, ” Bolton, Bianna Golodryga, Ronald Reagan, doesn’t Organizations: CNN, Republican, Capitol, Republicans, trouncing Democrats, Florida GOP, The New York Times, Kentucky, Trump, South Carolina Gov, Republican Party, National Republican Senatorial, Reuters, Former Wyoming, Fox News, Lawmakers, GOP, Domenico, Borgo, Former Trump, Zelensky, CNN International Locations: Florida, Texas, adulation, America, Washington, Utah, Italy, Ukraine, Fasano

☆ MLB umpire Pat Hoberg disciplined for violating gambling rules
▼ + stars: | 2024-06-14 | by ( Ken Rosenthal | Evan Drellich | ) www.nytimes.com time to read: +5 min

Major League Baseball said Friday night it has disciplined umpire Pat Hoberg for violating the league’s gambling rules, and that he is being held out of games during this season while an appeal is considered. Multiple players have been punished for gambling violations, including Tucupita Marcano, who got a lifetime ban for betting on baseball. Now, an umpire has been punished, with Hoberg becoming the only known umpire in recent history to have been disciplined for a matter related to gambling. “During this year’s Spring Training, Major League Baseball commenced an investigation regarding a potential violation of MLB’s sports betting policies by Umpire Pat Hoberg,” MLB said in a statement. AdvertisementThe most severe is that anyone found to have gambled on a baseball game they are directly tied to — “any baseball game in connection with which the bettor has a duty to perform,” as the rules formally put it — is to be banned permanently from the game.

Persons: Pat Hoberg, Tucupita Marcano, Shohei, Ippei Mizuhara, Hoberg, Glen Caplin, “, ” Hoberg, “ Mr, Rob Manfred, David Fletcher, Mizuhara, Tim Donaghy, Steph Chambers Organizations: Major League Baseball, MLB, ESPN, Major League Baseball Umpires, Hoberg, North, Supreme, Baseball Locations: U.S

Learn moreBaseball's greatest rivalry picks back up in Boston this weekend with a three-day New York Yankees vs. Boston Red Sox match-up. Keep reading to learn where to watch the Yankees vs. Red Sox, whether you have cable or are looking for a live streaming alternative. Where to watch Yankees vs. Red Sox quick links US: Fubo (one-week free trial)Fubo (one-week free trial) Access subscriptions from anywhere via ExpressVPN (try risk-free for 30 days)ExpressVPN (try risk-free for 30 days) Upcoming games: Yankees vs. Red Sox on Friday at 6:30 p.m. ET on ESPNWhere to watch Yankees vs. Red Sox in the USThe Yankees vs. Red Sox games will be spread across multiple networks over the next three days. Check price at FuboHow to watch Yankees vs. Red Sox from anywhereIf you're traveling away from home during any Yankees vs. Red Sox games this weekend, you can keep up with your subscriptions via VPN.

Persons: haven't, we've, ExpressVPN Organizations: Business, New York Yankees, Boston Red Sox, Yankees, . Red Sox, American League East, MLB, National, Red Sox, Sox, YES, FOX Yankees, ESPN, YES Network, FOX Locations: Boston, New York

☆ On board the Russian warship visiting Cuba
▼ + stars: | 2024-06-14 | by ( Patrick Oppmann | ) edition.cnn.com time to read: +5 min

But now I was in a line for something unexpected: to board a Russian warship docked in Havana’s harbor. When a Russian diplomat told me that starting on Thursday, the Admiral Gorshkov frigate would offer tours to the public for three days, I was somewhat skeptical. People line up to visit Russian frigate Admiral Gorshkov (not pictured) docked in Havana's bay, Cuba, June 13, 2024. I noticed one of the Russian sailors taking in the blue skies and calm waters around us. For a Russian sailor, Cuba could be as good as it gets these days.

Persons: Admiral, Vladimir Putin’s, “, ”, Donald Trump, Gorshkov, Alexandre Meneghini Organizations: Havana CNN —, Cuba’s Ministry of Defense, Cuban Navy, Reuters, Pentagon, US Navy Base Locations: Havana, Cuba, Russian, Havana’s harbor, Kazan, Moscow, Washington, Ukraine, Cuban, Reuters Russian, York, Russia, Guantanamo Bay

☆ Baseball game disrupted by climate protesters running onto the field
▼ + stars: | 2024-06-13 | by ( Henry Zeris | ) edition.cnn.com time to read: 1 min

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“I never loved him,” Trump said of Valadao, according to a GOP member. Trump did not shy away from acknowledging the bad blood between House Speaker Mike Johnson and GOP Rep. Marjorie Taylor Greene, who unsuccessfully tried to oust Johnson against Trump’s wishes. House Republicans voted to hold Attorney General Merrick Garland in contempt of Congress on Wednesday. In his meeting with GOP lawmakers, Trump called the Department of Justice “dirty no good bastards,” according to another source in the room. In a news conference after the meeting, House Majority Whip Tom Emmer said that the former president’s felony convictions have only energized the party that will propel them to victory in November.

Persons: Donald Trump, Taylor Swift, Nancy Pelosi, Trump, –, David Valadao, “, ” Trump, Valadao, Mike Johnson, Marjorie Taylor Greene, Johnson, Trump’s, Greene, “ He’s, ”, ’, Merrick Garland, Department of Justice “, Kevin Hern, Tom Emmer, it’s, ” Emmer, Roe, Wade, Nancy Mace, Ronald Reagan, Derrick Van Orden, Pelosi, —, popstar Taylor Swift, Joe Biden, Hannibal Lecter Organizations: CNN, House Republicans, Capitol, Republicans, GOP, Department of Justice, Food, Milwaukee, Wisconsin Republican, Milwaukee ”, Republican Locations: California, Oklahoma, New York, Ukraine, Wisconsin, Milwaukee

☆ A woman who got serious about running in her 30s still does marathons aged 61. She shared 4 tips for staying fit and healthy throughout life.
▼ + stars: | 2024-06-12 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

AdvertisementCarrier running a marathon in Antarctica for the World Marathon Challenge. World Marathon ChallengeNow 61, Carrier, who is based in North Carolina, is trying to run a marathon in all 50 states and has only eight left to go. In a regular week, Carrier runs 40 to 50 miles, rising to 125 miles a week when she's training for a specific race. AdvertisementFind a sport you loveOver the course of her life, Carrier tried many different sports, from roller skating and bowling to baseball, but she always went back to running. Make being active a habit"You have to make a habit of the important things in your life — eating, sleeping, being active," Carrier said.

Persons: —, Linda Carrier, Carrier, NYRR, that's Organizations: Service, Business, Carrier, New York, Research, National Institute, Aging Locations: Antarctica, North Carolina, New, Hell

☆ I'm a surgeon, and my husband's a stay-at-home dad. I knew we couldn't do things the traditional way, but I still have mom guilt.
▼ + stars: | 2024-06-12 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

I'm also a mom of two: My son is 9, and my daughter is 6. I usually use this time to reply to emails, do chores, and work on content, as I'm also a content creator. We try to spend quality time with our kids and go on family vacations at least a couple of times a year. When I'm on call for my job, I'm not required to be at the hospital, but I have to be prepared to respond and go there if need be. I'm learning to accept that I can't do it all — and I want to continue to strive for growth and balance.

Persons: —, Betsy Grunch, I'm, I've, he'd, Ray, it's, I'd Organizations: Service, Business Locations: Georgia, North Carolina

☆ Did Jerry West Inspire the N.B.A.’s Logo? ‘There Was Never Any Doubt.’
▼ + stars: | 2024-06-12 | by ( Benjamin Hoffman | More About Benjamin Hoffman | ) www.nytimes.com time to read: +1 min

Shortly after the announcement that Jerry West, the Hall of Fame basketball player and executive, had died at age 86 on Wednesday, the N.B.A. emailed a statement to the news media from Adam Silver, the league’s commissioner, extolling the virtues of Mr. West as “a basketball genius” who contributed to every facet of the league over a period of more than 60 years. Just above the statement was an image of the league’s iconic logo: A rounded rectangle, blue on one side, red on the other, with a white silhouette of a player dribbling up the middle. In keeping with one of the league’s oddest traditions, no acknowledgment was made that the man dribbling at the top of the statement was, in fact, Mr. West. hired Alan Siegel — the branding expert who created Major League Baseball’s logo — to create a logo for the league in 1969 and he based the image off a photograph of Mr. West, who was a star player for the Los Angeles Lakers at the time.

Persons: Jerry West, Adam Silver, ”, Alan Siegel Organizations: of Fame, Los Angeles Lakers

☆ The Fed is winning its battle against inflation. So why isn’t it cutting rates?
▼ + stars: | 2024-06-11 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

That’s why it is crucial for central bankers to insist on 2%. “By communicating an explicit inflation target — and then delivering inflation consistent with that target — central banks earn credibility with the public,” New York Fed President John Williams said in a recent speech. Stripping away highly volatile categories such as food and energy — a measure referred to as “core” inflation — won’t quell central bankers’ concerns. The Fed can’t ignore CPIAlthough CPI isn’t the inflation gauge the Fed targets, central bankers don’t write it off. It was, however, welcome news to Fed officials that Consumer Price Index-measured inflation fell to 3.4% in April from 3.5% in March.

Persons: Frank Robinson, “, they’re, Jerome Powell, ” Powell, Ben Bernanke, they’ll, John Williams, hasn’t, ”, Tom Barkin, don’t, Christopher Waller Organizations: New, New York CNN —, Federal, Fed, New York Fed, ” New York Fed, ” Richmond Fed, CPI Locations: New York

☆ MLB: ‘Jump on the wagon,’ says Phillies star Bryce Harper as baseball fever hits UK – with a little help from Rob McElhenney
▼ + stars: | 2024-06-11 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +6 min

London Stadium, London CNN —As the sun descended in east London, so did tens of thousands of baseball fans as America’s pastime once again made its way across the Atlantic Ocean to England’s capital. The seven-time All-Star’s Great British love-in continued throughout the weekend, and in the opening game of the series, Harper played the starring role. If these international events are put on to attract new fans, Harper was certainly doing his best to persuade them to follow baseball. Kaitlin Olson (far left), McElhenney (second from right), former Philadelphia Phillies second baseman Chase Utley (far right) and Harper participate in opening ceremonies. The wait is now on to see which two teams will do battle in the next edition of the London Series.

Persons: Rob McElhenney, Kirsty Wigglesworth, Bryce Harper, Harper, Ryan Pierse, ” Harper, West Ham –, Mary DeCicco, ”, Freddie Mercury, Winston Churchill, King Henry VIII, Alex Bierens de Haan, Kaitlin Olson, Chase Utley, McElhenney, Olson, Vera Nieuwenhuis Organizations: London, London CNN —, Major League Baseball, Philadelphia Phillies, New York Mets, Premier League soccer, West Ham, Phillies, Mets, UK Phillies, Spice, Philly, Arsenal, Tottenham, Premier League, New York Yankees, Boston Red Sox, Louis Cardinals, Chicago Cubs, Baseball, Britain, King’s Guard, Wrexham AFC Locations: London, British, Philadelphia, Chelsea, West, America, New York

☆ 6 sports-betting execs break down the biggest challenges facing the industry and how they're trying to solve them
▼ + stars: | 2024-06-11 | by ( Tiara White | Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLegal sports betting is becoming more mainstream in the US, and regulators and leagues are starting to scrutinize it more closely. The industry's evolution is creating new challenges in areas like player protection, responsible gaming, and product innovation. "They're really trying to squeeze out as much profit and as much margin as they can, and it's starting to feel that way," Doctor told BI, describing what he considers one of the biggest challenges facing the industry. "When it comes to responsible gaming and responsible betting," she said.

Persons: —, Tucupita Marcano, sportsbooks, Zach Doctor, They're, Joe Maloney, Ashley Cahill, Dave Foppert, DraftKings, Foppert, Christiana Yebra, Max, Yebra, we'll, Mark Nerenberg Organizations: Service, San Diego Padres, Major League Baseball, Business, PNC Bank VP, American Gaming Association, Sports, Netflix

☆ Point72's largest-ever intern class starts this week. Here's what Steve Cohen's hedge fund has in store for them.
▼ + stars: | 2024-06-10 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +6 min

Hedge funds and other buy-side firms have traditionally relied on investment banks as the primary source for culling entry-level talent. On Monday, June 10, 55 fresh-faced college students will start the first day of an eight-week summer training at Point72 — the firm's largest ever. Jim McIsaac/Getty ImagesThe summer aheadThis year, Point72 received a record of more than 30,000 applications, giving the Point72 Academy Investment Analyst Summer Internship an acceptance rate of under 1%. Related storiesSuccessful summer interns — who are college students between their junior and senior years — are invited to return to join the Point72 Academy after graduation. Last year, about 74% of the interns got a return offer to join the full-time Academy, and 97% accepted, Goodfriend said.

Persons: Jaimi Goodfriend, Point72, Goodfriend, Steve Cohen, Jim McIsaac, there's, —, they'll, I've, they've, It's Organizations: Service, Business, Big Tech, Point72, BI, Point72 Academy Investment, Point72 Academy, Academy, Mets, NY Locations: Point72, New York City, Stamford , Chicago, San Francisco, West Palm Beach , Miami, London, Hong Kong, Tokyo, Singapore

☆ My son needed brain surgery to stop his seizures. Even though I'm his mom, I had a hard time making decisions.
▼ + stars: | 2024-06-10 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

The author's son was having seizures on a regular basis before his brain surgery. The pandemic delayed Trevor's surgery evaluationsDoctors at Memorial Hermann put Trevor on three different medications, but none of them worked to stop his seizures. A brain surgery to shave away a damaged portion of Trevor's brain looked like the treatment that was most likely to work. Trevor needed tons of testing before he could even be considered for brain surgery. AdvertisementThat's essentially what he did in Trevor's brain.

Persons: Samantha Harney, Trevor didn't, I've, Trevor, he'd, Memorial Hermann, Taylor, Manish Shah, Dr, Shah, he's, He's Organizations: Service, Memorial Hermann Hospital, Business, Memorial Locations: Houston

☆ Betting is the ‘Achilles’ heel’ of US sports. Are leagues doing enough?
▼ + stars: | 2024-06-09 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +11 min

“But matters affecting the integrity of the game have a chilling effect across the board and governing bodies know this is their Achilles heel,” he warned. Fast forward to 2024 and the gambling industry is engrained in US sports culture with leagues, franchises, players and networks now partnering with betting organizations. “We need legislation to do things like prevent sports betting advertising, and to prevent prop betting. However, it can be often in leagues’ financial interest for betting to increase in popularity. “The sports leagues have turned to sports betting because it increases fan avidity.

Persons: Ippei Mizuhara, Shohei Ohtani, Tucupita Marcano, Jontay Porter, ” David Carter, ”, Paul Sancya, – it’s, Andrew Zimbalist, Zimbalist, ’ ”, “, William Hill, Mike Segar, Porter, Long Phi Pham, Pham, Breon Peace, Victor Matheson, Matheson, Adam Silver, Robert D, Manfred , Jr, Wayne Gretzky, Bruce Bennett, ’ Zimbalist, LeBron James, Patrick Mahomes, Connor McDavid’s, ” Matheson, ” Carter, ” Zimbalist, CNN’s Thomas Schlachter Organizations: CNN, Los Angeles Dodgers, Major League Baseball, San Diego Padres, National Basketball Association, Toronto Raptors, NBA, USC Marshall School of Business, MGM Grand Detroit, DC, Super, American Gaming, Smith College, Monmouth, Reuters, Authorities, Supreme, College of, NFL, MLB, New York Rangers, Carolina Hurricanes, Madison, Garden, “, NCAA, National Council Locations: Brooklyn, Michigan, Detroit, Washington, Oceanport , New Jersey, U.S, Porter , Brooklyn, New York City

☆ OpenAI seems to be hiring undercover security guards at its office and it's creeping out local business owners
▼ + stars: | 2024-06-09 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Read previewOpenAI's office in San Francisco is crawling with undercover security guards who don't take kindly to questions, locals say. Photographers for The San Francisco Standard, an online local news outlet, said they recently noticed what looked like undercover security guards standing outside the company's office. OpenAI first moved into its 59,000-square-foot office in San Francisco's Mission District in July 2023. Iain Langlands, a cashier at a pet store just one block from the office, told the Standard that the "vibe" surrounding the OpenAI office is "secretive." California's Bureau of Security and Investigative Services — which issues security guard licenses — did not immediately return Business a request for comment from Business Insider.

Persons: —, Candace Combs, Combs, OpenAI, Iain Langlands, James Organizations: Service, The San Francisco, Business, San Francisco's Mission, Health Ceramics, California's, of Security, Services Locations: San Francisco, San Francisco's

☆ Insider Today: Why we don't exercise
▼ + stars: | 2024-06-08 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +6 min

On the agenda:This story is available exclusively to Business Insider subscribers. But they don't want to have to limit their opportunity to see the world due to their sexual orientation. Oxygen/Getty Images, Abanti Chowdhury/BIGentle parenting goes bye-byeWhether you call it gentle parenting, intentional parenting, or mindful parenting, the concept remains widely the same. Father's Day sales : Time's running out to get dad a gift — check out our roundup of the best Father's Day deals for great prices on thoughtful presents. : Time's running out to get dad a gift — check out our roundup of the best Father's Day deals for great prices on thoughtful presents.

Persons: —, Rebecca Zisser, Olivia Rodrigo, Luke Combs, Megan Thee, Justin Timberlake, Emily Stewart, Taylor Swift, Derek Abella, Timo Lenzen, it's, Augustine, Abanti Chowdhury, Tyler Le, Glen Powell, Richard Linklater's, Karl Lagerfeld, Daniel Brühl Organizations: Service, Business, Europe, Netflix, Father's Locations: Florida, Europe, St, Augustine , Florida, Spain, The Florida

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