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☆ Yellen to warn that sweeping tariffs are ‘deeply misguided’ in swipe at Trump
▼ + stars: | 2024-10-17 | by ( Arlette Saenz | ) edition.cnn.com time to read: +3 min

CNN —Treasury Secretary Janet Yellen is set to warn that proposals for sweeping tariffs are “deeply misguided,” would ramp up inflation and hurt American businesses, offering a clear critique of former President Donald Trump’s economic policy. “Calls for walling America off with high tariffs on friends and competitors alike or by treating even our closest allies as transactional partners are deeply misguided,” Yellen will say, according to excerpts released by the Treasury Department. “But the issues we face today, from broken supply chains, to climate change and global pandemic preparedness, to China’s industrial overcapacity, also mean we cannot simply draw from an old playbook.”Trump implemented sweeping tariffs on about $300 billion of Chinese-made products while in office. He’s also said he would implement a “100% tariff” on countries that shift away from using the US dollar. “To me, the most beautiful word in the dictionary is tariff,” Trump said at the Economic Club of Chicago on Tuesday.

Persons: Janet Yellen, Donald Trump’s, Trump, Kamala Harris, “, walling, ”, ” Trump, Biden, He’s, John Micklethwait, CNN’s Jordan Valinsky Organizations: CNN, Council, Foreign Relations, Trump, walling America, Treasury Department, Economic, of Chicago, Bloomberg Locations: New York City, Ukraine

My girlfriend and I never talked about pet insurance — that changed when our cat got cancer. I haven't decided whether pet insurance is right for my needs, but I know I'm willing to take on debt for my pets. But without pet insurance, we had to make tough decisions as we tried to save his life. The primary reason is that pet insurance is worse than pre-Obamacare human insurance, and it doesn't cover pre-existing conditions. Get Pet Insurance Quotes Find affordable pet insurance policies with Petted.

Persons: I haven't, —, I've, Wyatt, it's, wasn't, she'd, didn't, Chester, I'm Organizations: Service Locations: Chester

☆ TikTok's next big move: Helping creators launch product lines by connecting them with suppliers
▼ + stars: | 2024-10-17 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

TikTok wants to help creators sell their own custom products. Startups like Pietra help creators of all audience sizes break into product development by connecting them with manufacturers and opening avenues to test small-batch orders. TikTok creators can earn a commission on Shop sales they drive from their videos. Boosting sales on TikTok Shop has been a major focus at the company since the feature launched in the US in September 2023. AdvertisementDouyin, which, like TikTok, is owned by Chinese tech firm ByteDance, drives hundreds of billions in product sales annually.

Persons: TikTok, —, Logan Paul, Emma Chamberlain, they've Organizations: Service, TikTok, Shop

☆ Flutterwave CEO GB Agboola on rebuilding trust, and strengthening Africa’s payments future
▼ + stars: | 2024-10-17 | by ( Stephanie Busari | ) edition.cnn.com time to read: +6 min

CEO Olugbenga “GB” Agboola was celebrated for his leadership and lauded as a trailblazer in African fintech, providing digital payment services for businesses across the continent. However, Agboola says Flutterwave has weathered the storm and emerged stronger than ever. In his first major interview since the allegations, Agboola told CNN that Flutterwave is on a mission to rebuild trust and strengthen its governance practices. She says Flutterwave’s fast growth exposed weaknesses in governance, compliance, risk management strategies and inadequate internal controls. Beyond the focus on governance and structure, Agboola envisions a future where Africa’s diverse payment systems are seamlessly integrated into a unified marketplace.

Persons: Flutterwave, Olugbenga, Agboola, ” Agboola, “ We’ve, ”, Mitesh Popat, ” Popat, “, ” Bawo, ” Egbakhumeh, “ Flutterwave, Africa Agboola, we’re Organizations: CNN, Kenyan, Citibank, Nigeria’s Economic, Commission, Global, MainStreet Bank, American Express Locations: Kenya, ”, Flutterwave, Africa, Ghana, Zambia, Uganda, Rwanda, United States, Nigeria, San Francisco

☆ Visa is undervalued considering its consistent growth, says Mike Khouw. How to trade it
▼ + stars: | 2024-10-17 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

As a global leader in digital payments, Visa has 4.2 billion credit and payment cards in circulation across more than 200 countries. Through its advanced transaction processing network, VisaNet, the company facilitates payment authorization, clearing, and settlement, and it is one of the most remarkable and consistent growth stories around — along with fellow payment processing company Mastercard. The following chart illustrates its remarkably consistent growth since the pandemic plunge (which naturally suspended considerable economic activity). While a 30 P/E is higher than the market's, the S & P trades closer to 26 times earnings; Visa should trade at a premium. The ability for consumer spending growth to continue apace is limited, so presumably, topline growth will slow somewhat.

Organizations: Visa, Mastercard, DOJ, Nvidia, United Health, Southwest Airlines, CNBC, NBC UNIVERSAL

☆ CNBC Sport: Why bars and restaurants are shedding 'Sunday Ticket' subscriptions
▼ + stars: | 2024-10-17 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +29 min

As a condition of that deal, EverPass included the right to build its own commercial streaming connection for "Sunday Ticket," bypassing third-party licensing. 1) Some commercial establishments are switching to EverPass's internet product. 2) Some commercial establishments are cutting the cord on pay-TV in general. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates.

Persons: Alex Sherman, DirecTV's, What's, EverPass, Lillian Rizzo, –, Everpass, It's, Craig Kilborn, Val Ackerman, Ackerman, that's, We're, Alex, you've, they're, Jeff Shell, Tom Brady, Tom Wagner, CNBC's Michael Ozanian, Jessica Golden, Brady, He'll, Wagner, Warner, Jake Piazza, CNBC's Rizzo, Nielsen, That's, — Ian Charles, Arctos, Charles, NBC's Peacock, Christian Miller, Miller, Adam Silver doesn't, Jim Dolan, Abu, Greg Norman, Norman, Rory McIlroy, Tiger Woods, Chiney Ogwumike Organizations: CNBC, NFL, Google, YouTube, DirecTV, EverPass Media, RedBird Capital Partners, Amazon Prime, ESPN, Dish Network, Big East Conference, WNBA, Big, CNBC Sport, Skydance, Paramount Global, Shell, Paramount, Las Vegas Raiders, Knighthead, Raiders, Fox Sports, NBA, Warner Bros, Discovery, TNT, MLB, Los Angeles Dodgers, New York Mets, Mets, Revenue, League, Golden State Warriors, Boston Celtics, Philadelphia Phillies, Wall Street, Comcast, Puma, NBC News, U.S, SEC, New York Times, Sphere Entertainment, Saudi Arabia's Public Investment Fund, Sports Business, PGA, Chiney, Continent Foundation, Philadelphia Eagles, Kansas City Chiefs, Visual China, Getty, Big East Locations: Apple, New York, American, Boston , Philadelphia, Northern California, U.S, Abu Dhabi, Vegas, Queens, Africa, Newport Beach , California

☆ Cramer approves opening a small position in Nike, but it's 'a risky call'
▼ + stars: | 2024-10-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday gave investors his stamp of approval to buy some shares of Nike , but he warned that such an investment is tricky. "You've got my blessing to put on a small position — only small — because if Nike really can turn itself around, the stock will take off long before the financials do," he said. "You need to get ahead of that, but it's a risky call, so I suggest building your position gradually over time." Nike is also somewhat hostage to the consumer environment in the U.S. and abroad Cramer said. And while he admitted he'd like more definitive proof of a Nike turnaround, Cramer noted that by the time that happens, it may be too late to get in to the stock.

Persons: CNBC's Jim Cramer, You've, Elliott Hill, John Donahoe, Cramer, Donahue Organizations: Nike Locations: U.S

ATLANTIC CITY, N.J. (AP) — New Jersey's red-hot internet gambling market set another record in September with Atlantic City's casinos and their technical and online partners winning over $208 million. “The ongoing success of internet gaming helped push Atlantic City’s total gaming revenue to its highest figure for the month of September in over a decade,” said James Plousis, chairman of the New Jersey Casino Control Commission. “For the third consecutive month, total gaming revenue surpassed $500 million. In terms of in-person winnings, Borgata won $62.4 million in September, up 15%; Hard Rock won $44.6 million, down 4.7%; Ocean won $28.4 million, down 28%; Caesars won $20.5 million, down 4.1%; Harrah's won $18.6 million, down 16.3%; Tropicana won $17.9 million, down 16.3%; Resorts won $14.3 million, down 3.9%; Bally's won $12.5 million, down 4.4%, and Golden Nugget won $11 million, down 12.5%. When internet and sports betting revenue is included, Borgata won $120.2 million, up 12%; Resorts won $106.5 million, down 3.4%; Golden Nugget won $72.8 million, up 25.8%; Hard Rock won $64.4 million, up 10.8%; Ocean won $33.9 million, down 24%; Bally's won $24.1 million, up 19.2%; Caesars won $20.6 million, down 3.4%; Harrah's won $18.7 million, down 16.6%; and Tropicana won $18.1 million, down 16%.

Persons: ”, James Plousis, ” Jane Bokunewicz, Lloyd Levenson, Borgata, Harrah's, Bally's, Wayne Parry Organizations: CITY, Atlantic, of Gaming Enforcement, New Jersey Casino Control, “, Stockton University, Atlantic City, Ocean, Caesars, Tropicana, Resorts, Golden Nugget, Golden, Associated Press Locations: N.J, New Jersey, Atlantic City, Atlantic

☆ A major student-loan company is being punished for preventing over 460,000 borrowers from accessing cheaper monthly payments
▼ + stars: | 2024-10-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department said student-loan company MOHELA failed to process borrower applications for income-driven repayment plans. AdvertisementThe Education Department notified student-loan company MOHELA on Tuesday that it would be facing penalties for failing to perform the servicing obligations required in its contract. According to a document from the Education Department reviewed by Business Insider, MOHELA has failed to process over 460,000 applications for borrowers on income-driven repayment plans, preventing those borrowers from accessing more affordable monthly payments. "Federal Student Aid has determined, through its oversight of federal student loan servicers, that MOHELA has not consistently met the Department's standards for serving borrowers. In January, the department withheld pay from the remaining three major federal servicers over failure to deliver on-time billing statements to borrowers.

Persons: MOHELA, —, Miguel Cardona, servicers, MOHELA's, Cardona, Sen, Elizabeth Warren, we've, Warren Organizations: Education Department, Service, Business, Department, Aid, Federal

☆ Inshur provides embedded insurance to ride-hailing companies like Uber. Check out the 16-slide pitch deck used to secure $19 million.
▼ + stars: | 2024-10-17 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Insurtech startup Inshur has secured $19 million in Series B funding. AdvertisementNew York-based startup Inshur, which provides bespoke insurance for workers in the on-demand economy, has secured $19 million in Series B funding. AdvertisementIts products are used by ride-hailing clients such as Uber and can be embedded into a company's existing platform. For example, Uber drivers can log in using their Uber credentials on the Inshur app, to get a quote, said Bratshpis. The Series B, led by Viola Growth and with participation from MS&AD, brings the startup's total funding to $80 million.

Persons: —, Dan Bratshpis, Viola Growth, Inshur Organizations: Service, Uber, American Business Insurance Services Locations: New York

☆ For a limited time, Robinhood is offering users unlimited bonuses to transfer their investments
▼ + stars: | 2024-10-17 | by ( Business Insider | ) www.businessinsider.com time to read: +5 min

For a limited time, Robinhood is offering bonuses to users who transfer investments to the app. From October 16 to 27, claim HOOD Week bonuses of up to 3% on transfers for Robinhood Gold subscribers. If you've been considering choosing Robinhood Investing for your investments, the platform's brand-new HOOD Week is the time to make the switch. Cash management accounts availableCheck mark icon A check mark. Robinhood Gold is offered through Robinhood Gold LLC and is a subscription offering services for a fee.

Persons: you've, Robinhood Organizations: Robinhood Gold, HOOD, Federal Reserve, IRS, Robinhood, Robinhood Financial Locations: Robinhood, U.S

☆ Netflix posts Q3 beat, subscriber adds come in ahead of expectations
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix posts Q3 beat, subscriber adds come in ahead of expectationsBarbara Doran, BD8 Capital Partners CEO, and Mark Mahaney, Evercore ISI head of internet research, react to Netflix earnings.

Persons: Barbara Doran, Mark Mahaney Organizations: Netflix, BD8 Capital Partners

☆ CD, Checking, and Savings Rates Today: Supercharge Your Savings
▼ + stars: | 2024-10-17 | by ( Business Insider | ) www.businessinsider.com time to read: +8 min

See more savings account bonuses »Leading Checking & Savings Combo Account BonusSoFi Checking and Savings (Member FDIC)Earn up to $300 with qualifying direct deposit for eligible customers (offer expires 12/31/24, terms apply). See more savings account bonuses »Leading Checking & Savings Combo Account BonusSoFi Checking and Savings (Member FDIC)Earn up to $300 with qualifying direct deposit for eligible customers (offer expires 12/31/24, terms apply). High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. A checking account is like a hub for your money: If your paycheck is direct deposited, it's typically to a checking account. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: APYs, —, Cash, we've Organizations: Federal Reserve, FDIC, Cash Locations: —

☆ Daters increasingly seek shared political views. Popular dating apps are ready to meet the moment
▼ + stars: | 2024-10-17 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +8 min

“It’s really about making sure (the app’s users) understand what is kind of at stake,” she added. Meanwhile, OkCupid has added a dozen new matching questions that focus on voter behavior and help show users more compatible profiles. While registered US voters are split near evenly between the two parties, according to Pew Research Center, daters on OkCupid tend to lean more liberal. Debono recognizes that political concerns are important to daters, especially ahead of a presidential election. “Political alignment is increasingly becoming a nonnegotiable factor for many people who are dating,” Debono said.

Persons: Tinder, “, ”, Stephanie Danzi, OkCupid, “ Trump, Michael Kaye, Joe Biden, Donald Trump, ” Kaye, Ashley Houghton, ’ ”, Houghton, daters, Lisa Wade, Wade, George Floyd’s, —, cautiousness, ” Wade, we’re, Casey Klofstad, ” Klofstad, Bumble, John McEntee, Raquel Debono, ” Debono, Debono Organizations: CNN, Tinder, Vote.org, OkCupid, Pew Research Center, “, Tulane University, University of Miami, ” CNN Locations: California

☆ Russia confirms it's going to make it more painful for companies to quit the country
▼ + stars: | 2024-10-17 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Russia has confirmed plans to raise a tax on foreign companies quitting the country. AdvertisementRussia has confirmed it will make it more expensive for foreign companies to quit the country. In March, RBC reported companies leaving Russia had already paid 35.7 billion rubles, or about $387 million, into Russia's budget. The process of leaving Russia is often complex, thorny, and costly. AdvertisementIn March, a Reuters analysis found that foreign companies had incurred costs of more than $107 billion in writedowns and lost revenue.

Persons: —, Anton Siluanov, Siluanov, McDonald's, Alexei Moiseyev, Yuri Nikolaev, Nikolaev, LeaveRussia Organizations: Service, RBC, Partners, Kyiv Institute of Economics Locations: Russia, Ukraine, Russian, writedowns, West

☆ How Blackstone made 18,000 workers owners of their HVAC company
▼ + stars: | 2024-10-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +11 min

Earlier this year, Blackstone rolled out an ownership plan for employees of HVAC company Copeland. The newest rage in private equity seeks to flip that model on its head by offering employees equity on top of their regular salaries. Success in private equity is often evaluated by how much money a deal generates compared to the initial investment. Joe Baratta, global head of private equity at Blackstone BlackstoneAcross the industry, high interest rates have squeezed returns and exit opportunities. KKR's global cohead of private equity, Pete Stavros, also helped found the nonprofit Organizing Works to encourage the adoption of this model across the private equity industry and beyond.

Persons: Blackstone, Copeland, Here's, —, Ross Shuster, Shuster, Stuart Dalgleish, Joe Baratta, Dalgleish, we've, Copeland's Shuster, outsized, Pete Stavros, KKR's Stavros, NPR's, Ted, Stavros, Josh Ryan, Leonard Green, Axel Springer Organizations: Service, Business, Blackstone, Emerson Climate Technology, Blackstone ., BI, Human, Emerson Electric, Employees, Merlin Entertainment, Blackstone Blackstone, KKR, CHI, NPR, GeoStabilization, Leonard Green & Partners Locations: New York City, Manhattan

☆ In tropical jungles, US Army soldiers are training to own the night in a Pacific war
▼ + stars: | 2024-10-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

US Army soldiers are training to operate at night in the challenging jungle environment of the Pacific. During a recent war game, soldiers engaged in a long-range maritime air assault to seize an airfield at night. US Army Pacific held its large-scale annual Joint Pacific Multinational Readiness Center training rotation in Hawaii earlier this month. During this year's JPMRC rotation in Hawaii, soldiers executed a long-range maritime air assault involving around 300 soldiers traveling to seize an airfield 200 miles away in the middle of the night. Tiffany BanksBut night operations, Evans said, are a "perishable skill," meaning if troops don't continue to test it, they'll lose it.

Persons: —, USARPAC, Marcus Evans, Evans, JPMRC, Tiffany Banks, Sgt Organizations: Army, Service, US Army, US Army Pacific, Pacific Multinational Readiness Center, U.S, US, 25th Infantry Division, U.S . Army, Staff, U.S . Air National Guard, JPMRC, Pentagon Locations: Hawaii, Alaska, Philippines, Ukraine, JPMRC, China

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 6.15%, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are in the mid-5% range, according to Zillow data. Average Refinance Mortgage Rates TodayRefinance rates are a bit higher this month after dropping in September. Last month, 30-year refinance rates averaged 5.89%, while 15-year refinance rates were around 5.19%.

Persons: you'll, Freddie Mac, it's, refinance Organizations: Federal, Zillow, Fed Locations: Chevron

☆ Watch CNBC's full interview with Canyon Partners' co-CEO Josh Friedman
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Canyon Partners' co-CEO Josh FriedmanJosh Friedman, Canyon Partners co-founder and co-CEO, joins 'Money Movers' to discuss how much of the assets under management are in private credit, what the rate shift means for Canyon Partners, and much, much more.

Persons: Josh Friedman Josh Friedman Organizations: Canyon Partners

☆ Italy makes it illegal to seek surrogacy abroad
▼ + stars: | 2024-10-16 | by ( ) www.nbcnews.com time to read: +2 min

ROME — Italy’s parliament made it illegal on Wednesday for couples to go abroad to have a baby via surrogacy — a project of Prime Minister’s Giorgia Meloni party which activists say is meant to target same-sex partners. The upper house Senate voted into law a bill proposed by Meloni’s Brothers of Italy party by 84 votes to 58. “Motherhood is absolutely unique, it absolutely cannot be surrogated, and it is the foundation of our civilization,” Brothers of Italy senator Lavinia Mennuni said during the parliamentary debate. “We want to uproot the phenomenon of surrogacy tourism.”Earlier this year, Meloni called surrogacy an "inhuman" practice that treated children as supermarket products, echoing a position expressed by the Catholic Church. Here instead you are sent to jail... if you don’t have children in the traditional way,” Franco Grillini, a long-time activist for LGBTQ rights in Italy, told Reuters at the demonstration.

Persons: ROME —, Minister’s Giorgia, Meloni, Meloni’s Brothers, ”, Lavinia Mennuni, ” Franco Grillini, Alessia Crocini Organizations: Catholic Church, Reuters, Rainbow Locations: Italy, United States, Canada

☆ MLB playoff viewership surges as big market stars vie for World Series
▼ + stars: | 2024-10-16 | by ( Jake Piazza | ) www.nbcnews.com time to read: +3 min

The first game of the American League Championship Series on Monday night between the New York Yankees and Cleveland Guardians saw an uptick of 4% from 2023, grossing 3.9 million viewers, according to a TNT Sports spokesperson. The championship series gains come right after four successful league division series for MLB and its broadcast partners. The American League Division Series averaged 3 million viewers, a more than 20% increase from 2023, according to TNT Sports. Viewership for the National League Division Series rose too, with game four in each series climbing from 2022. The Yankees have a 2-0 game lead against the Guardians, and the Mets-Dodgers series is tied at 1-1.

Persons: Rob Manfred, Ohtani, Aaron Judge, ” Eldridge, Todd Boehly, CNBC’s Scott Wapner, ”, Jose Ramirez Organizations: League, National League, New York Mets, Los Angeles Dodgers, Fox Sports ’, Fox Sports, American League, New York Yankees, Cleveland Guardians, TNT Sports, New, NFL, MLB, Texas Rangers, Arizona Diamondbacks, “, Dodgers, Yankees, Major League Baseball, Mets, Guardians, Kansas City Royals

☆ Zelenskyy sets out 'victory plan' as Ukraine faces precarious moment
▼ + stars: | 2024-10-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

President Volodymyr Zelenskyy unveiled his much anticipated “victory plan” on Wednesday, calling on his allies to take urgent steps to bolster Kyiv at a precarious moment in a bid to end the war with Russia next year. His plan proposed establishing a “comprehensive non-nuclear strategic deterrence package” inside Ukraine to protect against threats from Russia and to destroy its military power. Zelenskyy said it was imperative Kyiv’s partners remained united. “If we start moving on this victory plan now, we may be able to end the war by next year at the latest,” he said. Zelenskyy said he would travel to a summit of European Union leaders in Brussels on Thursday to present his plan.

Persons: Volodymyr Zelenskyy, Putin, ”, Zelenskyy, Kyiv’s, Roman Pilipey, Donald Trump, Joe Biden, Honcharenko, —, “ Organizations: Kyiv, NATO, 24th Mechanized Brigade, Ukrainian Armed Forces, AFP, Getty, North, Republican, Union, Storm Locations: Russia, U.S, Europe, Donetsk, Ukraine, Pokrovsk, AFP, West, Iran, Moscow, Russian, United States, Russia’s Kursk, Brussels, Washington, Britain, France, Italy, Germany, Kurakhove, Roman

☆ Triller is finally a public company after years of false starts. Here's its pitch to investors.
▼ + stars: | 2024-10-16 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

The creator and marketing company Triller is finally trading on the Nasdaq under the ticker ILLR. The company went public via a reverse merger with a Hong Kong-based company called AGBA. A reverse merger occurs when a private company goes public by acquiring a publicly listed company. That didn't come to fruition, and in December 2021, the company announced plans to complete a reverse merger with a company called Seachange International. Creators, brands, and consumers are the main cohorts that AGBA touts as central to Triller's business in its recent filings.

Persons: Triller, —, TikTok —, It's, Julius, AGBA, Triller's, Mike Lu, Lu Organizations: Nasdaq, Service, AGBA, Holding, Clubhouse Media, Reuters, Seachange, SEC, Big Tech, AGBA's, Facebook, YouTube, Business, Billboard Locations: Hong Kong, buzzy

☆ Elon Musk's xAI is on a hiring spree for 'AI tutors'
▼ + stars: | 2024-10-16 | by ( Helen Li | ) www.businessinsider.com time to read: +4 min

Elon Musk's AI startup xAI is hiring AI Tutors for data annotation to train language algorithms. xAI partners closely with X, formerly known as Twitter, which sees user decline and ad pullbacks. AdvertisementElon Musk's new AI company is on a hiring spree for a new type of data annotator. Last week, xAI listed multiple job postings for "AI Tutors." Multiple AI Tutors started their jobs in August and September, according to a LinkedIn analysis by Business Insider.

Persons: Elon, —, Musk, it's, X, xAI, Jensen Huang, Colossus Organizations: Service, Business, SpaceX, Tesla, Disney, Apple, Nvidia, NPR, Forbes Locations: Memphis, Brazil, San Francisco

☆ SpaceX sues California regulator, claiming launches blocked due to Elon Musk’s politics
▼ + stars: | 2024-10-16 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk’s SpaceX has accused a California regulator of political discrimination after it voted to block the rocket company from conducting more launches on the state’s central coast. SpaceX also conducts commercial launches from the base to deliver its Starlink satellites into orbit. But the California Coastal Commission opposed the plan. At the meeting, commissioners “raised other concerns wholly unrelated to coastal effects,” SpaceX alleged in the complaint, filed in California Central District Court. Joshua Smith, public information officer for the California Coastal Commission, told CNN the agency declined to comment on the lawsuit.

Persons: New York CNN — Elon, “, Mike, Wilson, ‘, Musk, ’, Gretchen Newsom, Newsom, Gavin Newsom, Donald Trump, Hurricane Helene, Joe Biden, Kamala Harris, Biden, Kamala, ”, Joshua Smith Organizations: New, New York CNN, SpaceX, California Coastal, US Air Force, US Space Force, NASA, Vandenberg Space Force Base, California Coastal Commission, Court, US Justice Department, “, FEMA, ”, California Gov, CNN Locations: New York, California, Santa Barbara , California

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