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☆ Leaders from the CIA, Dell Technologies, HP, SageCXO, and ezCater share how they keep up with AI development
▼ + stars: | 2024-09-24 | by ( Helen Li | Emma Cosgrove | ) www.businessinsider.com time to read: +14 min

John Roese, the global chief technology officer and chief AI officer of Dell Technologies. In the long term, those two have to come closer together to achieve the speed necessary for an AI cycle. So the quality of what you produce in your organization as a CTO — if you're going to provide models built in-house — better be superstar quality, or no one's using it. Once you understand that those are high level, then you have to ask if you are actually on a path where if you apply AI, you're going to get to an outcome. DeCesare: I've been most inspired to drive the leverage of AI through the company by finding out how people have applied it.

Persons: Emma Cosgrove, La'Naia Jones, John Roese, Elaine Zhou, Faisal Masud, Erin DeCesare, What's, it's, Claude, It's, She's, ChatGPT, Cosgrove, we've, cocreate, that's, We've, Masud, That's, they're, Jones, You've, Everyone's, Aaron, Jensen, Huang, I've Organizations: Business, BI's, CIA, Dell Technologies, HP, Star, Amazon, Nvidia Locations: Spain, Madrid, Silicon

☆ Employers are increasingly tracking staff in the return-to-office world. One academic says surveillance at work has its good, bad, and ugly.
▼ + stars: | 2024-09-24 | by ( Nora Redmond | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. There was a brief period during the pandemic and the years after it when hybrid work, four-day workweeks, and flexible hours gave employees more power than ever before. And now, employee surveillance is on the rise. "That might create high staff turnover rates," he said, "and there are all sorts of costs associated with recruiting staff." Overall, Kayas held that whether staff surveillance is good or bad, or right or wrong, comes down to whether you're asking the employee or the employer.

Persons: —, JPMorgan Chase, Leo Lukenas III, BofA, Oliver Kayas, Kayas Organizations: Service, Business, Street Journal, Bank of America, JPMorgan, of America, Army, Liverpool John Moores University, Citigroup

☆ NFL Week 3 Monday review: Rookie QB makes history in Washington’s shock win over Bengals, Bills dominate Jaguars
▼ + stars: | 2024-09-24 | by ( Ben Morse | ) edition.cnn.com time to read: +15 min

Matt Slocum/AP Kansas City Chiefs quarterback Patrick Mahomes runs the ball against Cincinnati Bengals cornerback Dax Hill during the Chiefs' 26-25 victory in Kansas City, Missouri, on Sunday, September 15. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. David Banks/USA Today Sports/Reuters Rhamondre Stevenson of the New England Patriots runs the ball against Cincinnati Bengals defenders in Cincinnati on September 8. Ed Zurga/AP Kansas City Chiefs quarterback Patrick Mahomes scrambles during the game against the Baltimore Ravens in Kansas City, Missouri, on September 5. Jay Biggerstaff/USA Today Sports/Reuters Fans enter Arrowhead Stadium in Kansas City, Missouri, ahead of the game between the Kansas City Chiefs and the Baltimore Ravens on September 5.

Persons: Damar Hamlin, Bryan M, Bennett, Sam Darnold, Johnny Mundt, Stephen Maturen, Calvin Austin III, Brandon Sloter, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Cooper Neill, Allen Lazard, Alex Austin, Brad Penner, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Camryn Bynum, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Aaron Rodgers, Rodgers, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Nathan Ray Seebeck, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Ed Zurga, Patrick Mahomes scrambles, Charlie Riedel, Jayden Daniels, Justin Herbert –, “, ” Daniels, Katie Stratman, Reuters Daniels, Terry McLaurin, Zach Moss, Dan Quinn, he’s, ” Quinn, woeful, Joe Burrow, Burrow, Andy Lyons, Josh Allen, Allen, Damar Hamlin –, –, commotio cordis, Hamlin, Trevor Lawrence, ” Hamlin, It’s, Lawrence, Mac Jones, Steven Senne, Jags, Doug Pederson, ” Pederson, “ We’re, we’ve, We’ve Organizations: CNN, Buffalo Bills, Jacksonville Jaguars, Getty Images Minnesota Vikings, Vikings, Houston Texans, Getty Images Pittsburgh Steelers, Steelers, Los Angeles Chargers, Green Bay Packers, Packers, Tennessee Titans, AP Minnesota Vikings, AP Dallas Cowboys, Baltimore Ravens, New York Jets, New England Patriots, The Jets, USA, Sports, Reuters Atlanta Falcons, Philadelphia Eagles, AP Kansas City Chiefs, Cincinnati Bengals, Chiefs, Super Bowl, Reuters San Francisco 49ers, Minnesota Vikings, AP New Orleans Saints, Dallas Cowboys, Reuters Miami Dolphins, Reuters New York Jets, San Francisco 49ers, AP Los Angeles Chargers, Las Vegas Raiders, Shutterstock Dallas Cowboys, Cowboys, Cleveland Browns, NFL, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Chicago Bears, Titans, Bears, Reuters, Patriots, Bengals, New York Giants, AP Buffalo Bills, Arizona Cardinals, Bills, São Paulo, The Eagles, Getty, Neo, Kansas City Chiefs, AP Baltimore Ravens, Arrowhead, Jaguars, Buffalo, Jacksonville, ESPN Locations: Orchard Park , New York, Minneapolis, Pittsburgh, Nashville, Arlington , Texas, East Rutherford , New Jersey, Philadelphia, Kansas City , Missouri, Miami Gardens , Florida, Santa Clara , California, Inglewood , California, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America, Washington’s, Washington, Buffalo

☆ The unspoken rules of celebrating Oktoberfest in Munich
▼ + stars: | 2024-09-24 | by ( Ulrike Lemmin-Woolfrey | Chris Dwyer | ) www.cnbc.com time to read: +5 min

Oktoberfest is a worldwide phenomenon, a Bavarian beer festival celebrated in countries around the globe. Revelers, dressed in leather lederhosen, celebrate Oktoberfest in Munich on Sept. 21, 2024. A waiter brings beer to a table during Oktoberfest in Munich, Germany on Sept. 22, 2024. The world's biggest beer festival ends on Oct. 6, 2024. A waitress carries a tray of food at the start of the Munich Oktoberfest celebration.

Persons: Johannes Simon, Beer, Kirill Kudryavtsev, Revelers, Ein, driel, Crown Prince Ludwig, Princess Therese von Sachsen, Felix Hörhager, Alexander Hassenstein, Marco Polo, Jeff Dean Organizations: Munich's Department of Labor, Getty, Afp, Oktoberfest Museum, Oktoberfest Locations: Bavarian, Munich, steins, Germany, Hildburghausen, Munich's Beer, Salzburg, Austria, Rothenburg, Hong Kong, Hong Kong Harbour, Cincinnati , Ohio

☆ As interest rates drop, ultra-rich investors are giving up their cash for risk assets. Here's what they're buying.
▼ + stars: | 2024-09-24 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Citi Private Bank's latest Global Family Office survey showed that family offices had already been moving into risk assets well before the central bank began cutting. Citi Private Bank's latest Global Family Office survey. Related storiesSo far, the move toward equities has translated into a rush for big tech's AI, which remains a favorite among family offices. AdvertisementWhen it comes to real estate, family offices often prefer private investments. AdvertisementFixed incomeThe number one goal for any family office is the preservation of capital.

Persons: —, Richard Weintraub, Bank's, haven't, Weintraub, REITs Organizations: Service, Citi, Bank's, Business, Treasury Locations: American

☆ A leaked MrBeast handbook reveals the YouTube titan's 'secret weapons' for success. Former employees say it wasn't always followed.
▼ + stars: | 2024-09-24 | by ( Dan Whateley | Amanda Perelli | ) www.businessinsider.com time to read: +7 min

The goal of the document, Donaldson wrote, was to help teach newer staffers the tricks of YouTube that he and his earliest employees mastered through lots of trial and error. Interest in MrBeast's business secrets isn't surprising. "This is not Hollywood and I do not want to be Hollywood," Donaldson wrote. "Every dollar we save allows me to give you guys more stability and hire more people to make your life easier," Donaldson wrote. But, when dealing with people outside MrBeast's company, "never take a No at face value," he wrote.

Persons: —, Jimmy Donaldson, Donaldson, He's, MrBeast, , I've, couldn't, we've, wasn't Organizations: Service, Business, YouTube, Netflix, Hulu, Employees Locations: Silicon Valley, Greenville , North Carolina, Hollywood

☆ Hezbollah is not Hamas. Can Israel afford another all-out war?
▼ + stars: | 2024-09-24 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

Since October 8, the day after Hamas’ deadly attack on Israel, there has been regular cross-border fire between Hezbollah and the Israeli military. Hezbollah first fired at Israel to protest the war in Gaza, demanding a ceasefire there as a condition to end its attacks. Should Israel enter full-scale war with Hezbollah, experts say it will face a much stronger threat than Hamas – and commensurate costs. “It’s devastating on the Israeli economy, on Israeli society,” Guzansky said, adding that the impacts will live on for years to come. Domestically, while Israelis showed a greater appetite for fighting at the outset of the Gaza war, polls show that domestic support has waned over the last months.

Persons: Israel, –, ”, Yoel Guzansky, Tsur Shalom, Abbas Ahmad Srour, Mohammad Hussein Kassem, Chris McGrath, Hassan Nasrallah, ⁠ Behnam Ben Taleblu, ” Ben Taleblu, Mizrahi, ” Orna Mizrahi, ” Mizrahi, Yoav Gallant, Guzansky, Netanyahu, Mostafa Alkharouf, ” Guzansky, “, Lebanon's, Jack Guez, Amir Yaron, That’s, Moody’s Organizations: CNN, Hamas, Israel, Institute for National Security Studies, National Security Council, Reuters, Military, Ramat, Foundation for Defense of Democracies, Washington DC, IDF, Israel Defense Forces, Israeli, Division, Getty, Organization for Economic Cooperation, Development, Lebanon's Hezbollah, Bank, Israel Democracy Institute Locations: Gaza, Israel, Lebanon, Tel Aviv, Kiryat, Moreshet, Haifa, Aita al Chaab, Israel’s, Iraq, Yemen, –, Ramat David, Lebanese, Iran, ”, Anadolu, Independence, Kiryat Bialik, AFP

☆ UK Prime Minister Keir Starmer says tough times are needed to spark national renewal
▼ + stars: | 2024-09-24 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Prime Minister Sir Keir Starmer during an 'In Conversation' event with Debbie Weinstein, managing Director Goole UK&I during the Labour Party Conference at the ACC Liverpool. Liverpool, ENGLAND — U.K. Prime Minister Keir Starmer insisted on Tuesday that tough decisions taken now will spark a new era for Britain, as he sought to shake a fog of pessimism that has clouded his new premiership. "Change must mean nothing less than national renewal," he told a crowd of Labour Party delegates Tuesday. Wes Streeting, minister for health and social care, said that promised improvements to the U.K.'s National Health Service (NHS) would take time to implement. We need to rebuild the economy, rebuild public services and rebuild trust in politics," he said at the conference Monday.

Persons: Sir Keir Starmer, Debbie Weinstein, Keir Starmer, Starmer, Jeremy Corbyn, Rachel Reeves, Reeves, Wes Streeting, Tulip Siddiq Organizations: Goole, Labour Party Conference, ACC Liverpool, Labour Party, Conservative, Wealth Fund, Finance, National Health Service, Treasury, Labour, CNBC, Conservative Party Locations: Liverpool, ENGLAND, Britain, England

☆ It's the 'year of the mandate' at offices, but hybrid and remote aren't dying
▼ + stars: | 2024-09-24 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

Even so, the share of people working remotely and hybrid has ticked up in the last year, while those working from an office full-time declined, according to a new report. Another 11% say they work fully remotely, up from 7% in the last year, according to the report. The remaining 62% say they work from a physical office five days a week, down from 66% this time last year. It's "a surprise" to see remote and hybrid work increase slightly in what's shaping up to be "the year of the mandate," says Frank Weishaupt, CEO of Owl Labs. But hybrid workers continue to face challenges in what they want versus what their employers require.

Persons: Frank Weishaupt Organizations: Amazon, Citigroup, Walmart, UPS, Owl Labs

NBC News takes a look at the hostages who remain in Hamas captivity. Other hostages have been found dead, including the six who were killed by Hamas last month. Hamas also holds two hostages, one taken in 2014 and the other in 2015, as well as the bodies of two slain Israeli soldiers. And after the recent killing of the six hostages in Gaza, Hamas said that hostage guards had been operating under new orders. Judith Weinstein, 70, and Gadi Haggai, 73Married couple Judith Weinstein and Gadi Haggai, both American citizens, were initially believed to have been taken hostage by Hamas, but their statuses were unclear.

Persons: Lee Siegel, Keith Siegel, Aviva Siegel, Lee, —, Noa Argamani, — Alon Shamriz, Yotam Haim, Samer Talalka —, Hersh Goldberg, — Nik Beizer, Ron Sherman, Elia Toledano, Siegel, Omri Miran, Miran, Keith, Chen, Nir Oz, Jonathan Dekel, Abu Ubaida, Al, Edan Alexander, “, ”, Yael Alexander, Omer Neutra, NBC's, Hersh, Neutra’s, Orna Neutra, Itay Chen, Ruby, Hagit Chen, Judith Weinstein, Gadi Haggai, Joe Biden Organizations: Aviva, NBC, Israel Defense Forces, Sunday, Hamas, Brigades Locations: Israel, Gaza, American, shrouds, New Jersey

Some of the four people killed in a deadly Alabama shooting had "extensive criminal" histories and might have been killed in a "cowardly" murder-for-hire hit, authorities said Monday. Multiple shooters pulled up in a vehicle, got out and opened fire before they got back inside the vehicle and fled, authorities said. "Some of the individuals that were killed have extensive criminal histories," Birmingham Police Chief Scott Thurmond told reporters. And so that’s that’s part of it." Holloman was from Bessemer and the other three were from Birmingham, officials said.

Persons: ”, There's, Scott Thurmond, there’s, Thurmond, Randall Woodfin, Tahj Booker, Carlos McCain, Roderick Lynn Patterson Jr Organizations: Birmingham Police, Authorities, FBI, Birmingham, Anitra Holloman, Holloman Locations: Alabama, Birmingham, Alabama’s, Bessemer

☆ Andy Dalton's throwback performance, Rams' late comeback highlight biggest wins in Week 3
▼ + stars: | 2024-09-23 | by ( Rohan Nadkarni | ) www.nbcnews.com time to read: +4 min

Week 3 of the NFL season was filled with impressive wins — some big-time comebacks, teams getting their first victory of the season and more. Here are the teams who came away with the biggest wins of the week. It was a baffling home performance for the Raiders one week after they upset the Ravens. Dalton’s performance not only saves the season for Carolina; it raises even more questions about how poor Young’s performance was in the first two weeks. Niners signal-caller Brock Purdy had an impressive stat line — 22 of 30 for 292 yards and three scores — but couldn’t put away the game late.

Persons: Sean McVay, Kyle Shanahan, Bryce Young, Andy Dalton, Dalton, Diontae Johnson, Chuba Hubbard, Cooper, Matthew Stafford, Jake Moody, Stafford, Kyren Williams, Brock Purdy, couldn’t, Sam Darnold, J.J, McCarthy's, Darnold, Aaron Jones, C.J, Dallas Organizations: NFL, Cowboys, Panthers, Carolina Panthers, Las Vegas Raiders, Raiders, Ravens, Las Vegas, Rams, 49ers, Los Angeles Rams, San Francisco 49ers, Vikings, Minnesota Vikings, Texans, The Texans, Baltimore Ravens, Dallas Cowboys, Baltimore Locations: Minnesota, Carolina, Stroud, Houston

☆ Hunting for a Private College Scholarship Can Be a Total Waste of Time
▼ + stars: | 2024-09-23 | by ( James S. Murphy | ) www.businessinsider.com time to read: +14 min

So she and Maggie had focused their hopes on getting a private scholarship. She considered paying $700 for an online class, heavily promoted on Facebook, that promised to show parents how to find college scholarships. Every year, hundreds of thousands of students like Maggie devote countless hours to the hunt for private scholarships to pay for college. AdvertisementWith the combination of institutional aid and private scholarship she received, Maggie managed to cut her original college bill from $15,000 to $8,000. The illness is treatable, but it's likely to cost the family $5,000 out of pocket — effectively wiping out the financial value of the private scholarship Maggie received.

Persons: Maggie Beam, Siobhan, Maggie, Siobhan —, —, Mark Kantrowitz, Kantrowitz, it's, Fastweb, Jeff Levy, you'd, Ed McMahon, Peter Thiel, Ron Lieber, Dawn Brady, Chris Reeves, Aisosa, Levy, Charlain Bailey, she'd, Maggie's Organizations: Winthrop University, Rotary, Facebook, Thiel Foundation, Silicon, Niche, Community Foundation, Lehigh University ., Education's, Winthrop, Schug Foundation, Equitable Foundation, Equitable Locations: Charlotte , North Carolina, Winthrop, Carolina, California, San Diego, Aisosa Ede, Osifo, Dallas, North Carolina

☆ How Foot Locker is waging a comeback after its breakup with Nike
▼ + stars: | 2024-09-23 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +14 min

Foot Locker turns 50 while on a bit of an upswing two years into Dillon's tenure as CEO. Coi Leray performs at Foot Locker 50th anniversary event on September 16, 2024 in New York. "Whereas Foot Locker looks vulnerable because it just doesn't have all these other strings to its bows," said Saunders. Foot Locker store location on 34th street in New York City. The company is working to refresh two-thirds of its global Foot Locker and Kids Foot Locker doors by the end of 2025, and said 40% of its North American footprint is now off-mall.

Persons: Patrick T, Mary Dillon, Locker, Mike Vitelli, Isabella Picicci, we've, Dillon, Neil Saunders, Dick's, Saunders, they're, Frank Winfield Woolworth, Janine Stichter, Foot, Frank Bracken, Bracken, America sputtered, WSS, …, she's, That's, Stichter, they'd, Kim Waldmann, it's, Waldmann, that's, Foot Locker Organizations: Nike, Foot, Beverly Center, Fallon, Bloomberg, Getty, PR, Adidas, CNBC, Goods, JD, JD Sports, City of, Forbes, Jordan, she's Locations: Los Angeles, New York City, New York, City, City of Industry , California, U.S, America, North America, GlobalData, Foot

Meanwhile, Morgan Stanley raised its price target on Constellation Energy to $313m implying more than 20% upside. 7 a.m.: DA Davidson downgrades Microsoft, cites diminishing AI lead DA Davidson believes that Microsoft has lost its edge over competitors in artificial intelligence. The investment firm downgraded shares of the tech giant to neutral from buy, although analyst Gil Luria maintained his $475 price target. This could begin to have a material impact on the company's returns beginning in 2025, the analyst wrote. Wells Fargo analyst Neil Kalton also hiked his price target on the stock to $300, implying nearly 18% upside ahead.

Persons: Raymond James, Morgan Stanley, Bernstein, DA Davidson, Davidson, Gil Luria, Luria, GitHub Copilot, — Lisa Kailai Han, Daniel Roeska, Roeska, Lisa Kailai Han, Ronald Josey, Josey, Meta, Atif Malik, Malik, Raymond James downgrades, Brian Gesuale, Gesuale, David Arcaro, Arcaro, Wells, Neil Kalton, — Fred Imbert Organizations: CNBC, Constellation Energy, Motors, Microsoft, DA, Nvidia, Motors General Motors, General Motors, Hyundai, Citi Locations: Palantir, Friday's, U.S, 25e, GenAI

☆ Remote work could become a secret weapon in the battle for top talent
▼ + stars: | 2024-09-23 | by ( Nora Redmond | ) www.businessinsider.com time to read: +5 min

Read previewThe list of companies abandoning remote work is growing. But for some experts, remote work won't die either. "There's a big race for talent out there," she told Business Insider, adding that "attracting talent into a business is hard these days." For others, flexible work has become a game changer and one they can't see themselves looking back on. In contrast, other companies will continue to embrace the advantages of flexible work.

Persons: —, Andy Jassy, PwC, Goldman Sachs, Kate Palmer, Palmer, Daniel Wheatley, Wheatley, Jassy Organizations: Service, Amazon, Big, Business, Citigroup, HSBC, Barclays, JPMorgan, Peninsula, University of Birmingham

☆ Max Verstappen hints that ‘silly’ punishment for swearing could hasten his retirement from F1
▼ + stars: | 2024-09-23 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Max Verstappen hinted on Sunday that his retirement from Formula One might be hastened after his “silly” punishment for swearing. The Red Bull driver was told by motorsport’s governing body, the FIA, that he should carry out “work of public interest” after using a swear word in a press conference on Thursday ahead of the Singapore Grand Prix. When you can’t be yourself or you have to deal with these kind of silly things,” the Dutch driver told reporters, per Reuters. So, yeah, it is very, very silly,” Verstappen said. According to multiple reports, Alex Wurz – the chair of the Grand Prix Drivers’ Association (GPDA) – said that the punishment handed out to Verstappen was too severe.

Persons: Max Verstappen, Red Bull, Lando Norris, Verstappen, “, “ It’s, Alex Wurz –, –, Wurz, Guenther, Guenther Steiner, Haas, ” Verstappen, Norris, Verstappen’s Organizations: CNN, Formula, FIA, Singapore, Reuters, Azerbaijan, Autosport, Prix Drivers ’, Netflix, Prix Locations: Singapore

CNN —Multiple people opened fire Saturday night in a bustling area of Birmingham, Alabama, killing four people and injuring 17 others. Seventeen other people were injured, according to Birmingham Police Chief Scott Thurmond. Authorities believe the deadly shooting was a targeted “hit.”Here’s what we know about the mass shooting. “Someone was willing to pay money to have that person killed,” Birmingham Police Chief Scott Thurmond said Sunday. “All of a sudden it was just gunshots, gunshots, gunshots,” Eslami told CNN.

Persons: Truman Fitzgerald, Anitra, Tahj Booker, Carlos McCain, Scott Thurmond, Fitzgerald, Thurmond, Randall Woodfin, ”, Gabriel Eslami, ” Eslami, “, Eslami, didn’t, Dajon Singleton, WBMA, ” “, Singleton, WBMA.Singleton, Woodfin, “ Glock, ” Woodfin, Ban Glock, ” Fitzgerald, CNN’s Zoe Sottile, Raja Razek Organizations: CNN, Police, Anitra Holloman, Authorities, Birmingham Police, Birmingham Police Department, FBI, University of Alabama, Birmingham, WVRC, WVTM, Alcohol, Tobacco, Firearms, Explosives, US, Facebook, ” Authorities Locations: Birmingham , Alabama, Birmingham, Birmingham’s, State

☆ Luxury stocks slip as fears grow of a prolonged downturn
▼ + stars: | 2024-09-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesLONDON — European luxury stocks tumbled on Monday as analysts warned of a deteriorating demand outlook, particularly among high-spending Chinese consumers. "Following the post-Covid peak in consumption in 2022, luxury sector revenues have been sequentially slowing. Across European luxury firms, they expect a 1% revenue decline in 2024. The Stoxx Europe Luxury 10, an index tracking top names in the sector, managed to hold flat but has fallen 3.82% in the year to date. 'Prolonged period of weakness'They're not alone in their bearish view on Europe's luxury sector.

Persons: Hugo Boss, Germany's Hugo Boss, Burberry, Kering, Hermes, Jon Cox, Kepler Cheuvreux, CNBC's, Cox Organizations: Hugo, Hugo Boss AG, Bloomberg, Getty, Bank of America, Korean, BofA Securities, Kepler, U.S, CNBC, Burberry Locations: Shanghai, China, American, Europe

☆ Vintage photos show Mar-a-Lago before Donald Trump owned the nearly 100-year-old estate
▼ + stars: | 2024-09-23 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Marjorie Merriweather Post built Mar-a-Lago as her winter home in Palm Beach, Florida, in 1927. Donald Trump bought Mar-a-Lago in 1985. Go to newsletter preferences Thanks for signing up! AdvertisementBefore former President Donald Trump owned Mar-a-Lago, it belonged to the richest woman in the US. Marjorie Merriweather Post, heiress to her father's Post cereal fortune, built the Palm Beach, Florida, estate as her winter home.

Persons: Marjorie Merriweather, Donald Trump, —, Marjorie Merriweather Post, Topridge Organizations: Mar, Service, Construction, Business Locations: Palm Beach , Florida, Lago, Beach , Florida, Hillwood, Washington ,, Upstate New York

☆ Americans running out of unemployment benefits and part-time jobs at record levels point to a recession coming, economist says
▼ + stars: | 2024-09-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The job market is flashing signs the US is still headed for a hard-landing, Danielle DiMartino Booth says. The forecaster pointed to workers rolling off unemployment benefits, while part-time jobs have soared. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The veteran forecaster and QI Research founder pointed to continued signs of weakness in the US job market, zooming in on a few key areas that are flashing signs of trouble. Booth said that more workers who once qualified for unemployment insurance are now rolling off of their benefits.

Persons: Danielle DiMartino Booth, —, Booth Organizations: Consumers, Service, QI Research, Workers, Bureau of Labor Statistics, Business

☆ Exclusive: American held for 8 years in notorious Iranian prison tells of ordeal
▼ + stars: | 2024-09-23 | by ( Ben Kirby | Claire Calzonetti | ) edition.cnn.com time to read: +14 min

Namazi previously spoke with Amanpour by phone in March 2023 from inside Iran’s notorious Evin Prison, in what was an unprecedented interview. “That is the smell of freedom.” Forty years later, Siamak Namazi emerged into the night air after eight years in prison. The logistics of his prison interview weren’t complicated. And it’s not just an American problem: Evin Prison is “a dystopian United Nations of hostages,” Namazi says, with many countries’ citizens behind bars. Emotion in his voice, Namazi tells Amanpour that, eventually, he’d like to meet the man who freed him.

Persons: Siamak, CNN’s Christiane Amanpour, ”, Namazi, Amanpour, Babak, ” Namazi’s, Siamak Namazi, “, Jonathan Ernst, …, Joe, Biden, ” ‘, ” Namazi, Dave, I’m, “ unutterable, Namazi’s, Saddam, Hussein, ’, Zahra Kazemi, I’d, Jared Genser, Genser, he’d, could’ve, Christiane Amanpour, Neil Hallsworth, crackly, Emad, Morad Tahbaz, Donald Trump, –, Antony Blinken, Janet Yellen, wasn’t, Biden’s Organizations: CNN, Obama, Trump, Getty, State Department, New York Times, Evin, Republicans, United Nations, United, Iranian Revolutionary Guard Corps Locations: American, Iran, United States, AFP, ”, Evin, America, Vienna, Austria, United States of America, Republic, White Plains , New York, Islamic Republic, Iranian, New York, United Nations

Harris builds momentum over TrumpWith just over six weeks until Election Day, a new national NBC News poll finds Vice President Kamala Harris with a 5-point lead over former President Donald Trump among registered voters, 49% to 44%. Still, Trump holds important advantages on the economy and inflation, as voters rank cost of living as their top concern in the election. But other key voting blocs — including Latino voters, seniors and independents — haven’t changed as much. Mark Robinson “has an obligation to defend himself” following reports last week that Robinson made lewd posts on a pornographic website over a decade ago. Billionaire donations: The nation’s wealthy opened their wallets in August, pouring millions into super PACs backing Harris and Trump.

Persons: Harris, Kamala Harris, Donald Trump, Trump, Joe Biden’s, Jiachuan Wu, Harris ’ favorability, — haven’t, Mike Johnson, Johnson, Al Jazeera’s, Walid al, ”, Truman Fitzgerald, “, GOP Sen, Lindsey Graham, Mark Robinson “, Robinson, ” Graham, ” Sen, JD Vance, it’s “, Mark Robinson, John Fetterman of, Kristen Welker, Sharyl, ” Trump, doesn’t, Sean “ Diddy ” Combs, Paras Griffin, Combs, Serna Stefany Serna, Serna, 🏈 Organizations: Trump, NBC News, NBC, Biden, Sunday, IDF, West Bank, Al, Al Jazeera Network, Manhunt, ” Birmingham Police, ” Police, Press South, GOP, Press, Gov, CNN, “, Local, Serna, ” Management Locations: Israel, Lebanon’s, Gaza, Beirut, Al, Ramallah, Al Jazeera, Alabama, Birmingham , Alabama, North Carolina, NAZI, Springfield , Ohio, Charleroi , Pennsylvania, Atlanta, Coral Gables , Florida, Miami

☆ Poll: Newly popular Harris builds momentum, challenging Trump for the mantle of change
▼ + stars: | 2024-09-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mark-Murray-Circle-Byline-Template.Jpg | Mark Murray | ) www.nbcnews.com time to read: +10 min

Two-thirds of voters say their family income is falling behind the cost of living, and voters ranked the cost of living as their top concern in the election. Harris leads on abortion, fitness and change; Trump is ahead on the key issues of the border and inflationThe NBC News poll also tests Harris and Trump on 13 different issues and presidential qualities. But in this new poll, Harris is now at 48% positive, 45% negative (+3). And 66% of voters say their family’s income is falling behind the cost of living. Meanwhile, 65% of voters say the country is on the wrong track, compared to just 28% who say it’s heading in the right direction.

Persons: Kamala Harris, Harris, Donald Trump, Trump, Joe Biden’s, Harris ’ favorability, George W, Bush’s, —, Biden, ” Harris, “, Kamala Harris ’, ”, Jeff Horwitt, Democratic pollster, Bill McInturff, What’s, aren’t, ” Horwitt, Robert F, Kennedy Jr, Jill Stein, Chase Oliver, Harris ’, George H.W, Ross Perot, That’s, it’s Organizations: NBC News, NBC, Trump, Hart Research Associates, Democratic, Republican, ”, Biden, Black, House Locations: U.S

☆ Colorado Buffaloes beat Baylor in overtime thriller after Hail Mary touchdown in final seconds
▼ + stars: | 2024-09-22 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Colorado beat the Baylor Bears 38-31 in a thriller on Saturday after a 43-yard Hail Mary touchdown in the final seconds of regular time from the Buffaloes forced overtime. But a 58-yard touchdown pass from Sanders to Omarion Miller before halftime cut the Bears’ lead and Colorado leveled in the third quarter. Baylor regained their seven-point lead again midway through the fourth quarter after a 24-yard touchdown pass from quarterback Hal Presley. With 2:16 remaining, Sanders helped orchestrate a magical drive which culminated in the game going to overtime following the Hail Mary touchdown to Wester. Colorado's Wester catches the Hail Mary touchdown pass to tie the game with Baylor.

Persons: Mary, Shedeur Sanders –, NFL Hall of Famer Deion ‘, ’ Sanders –, LaJohntay Wester, Micah Welch, Baylor, Colorado’s Travis Hunter, Dominic Richardson, “ Shedeur, ” Hunter, “, ‘, ”, David Zalubowski, Sanders, ’, “ Young, I’m, Omarion Miller, Hal Presley, Colorado's Wester, Christopher Hanewinckel, Reuters “, ” Sanders, Travis, Hunter, LaJohntay, “ They’re, Hunter meanwhile Organizations: CNN, Colorado, Baylor Bears, Buffaloes, Baylor, Folsom, The Buffaloes, Bears, NFL Hall of Famer, ”, USA, Sports, Reuters Locations: Colorado, Colorado –, Boulder , Colorado, Wester

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