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☆ Company executives are speaking out on Election Day: Starbucks' Howard Schultz calls for a peaceful transition of power
  + stars: | 2024-11-05 | by ( Grace Eliza Goodwin | ) www.businessinsider.com   time to read: +9 min
Business leaders are speaking out on Election Day — including Starbucks founder Howard Schultz. AdvertisementElection Day has finally come, and executives at some of the biggest companies are speaking out — with former Starbucks CEO Howard Schultz urging a peaceful transition of power and Elon Musk reiterating his support for Donald Trump to the end. Major players like Musk and Blackstone CEO Stephen Schwarzman have previously endorsed former President Trump. "Once every vote is counted and certified, we must accept the results of the election and ensure the peaceful transition of power," he said. In addition to re-posting several pro-Trump messages from other X users, Musk wrote a few election-related posts of his own.
Persons: Howard Schultz, Schultz, Elon Musk, Reid Hoffman, Harris, —, Donald Trump, Stephen Schwarzman, Trump, Mark Cuban, Kamala Harris, Insider's Bryan Metzger, he's, Howard Schultz Howard Schultz, Spencer Platt, Joe Biden, Hillary Clinton, Reid Hoffman Reid Hoffman, Kimberly White, Hoffman, " Hoffman, Marc Piasecki, Musk, Joe Scarborough, Vinod Khosla Vinod Khosla, Steven Ferdman, Vinod Khosla, Kamala, Khosla, Robert F, Kennedy Jr, Cantor Fitzgerald, Howard Lutnick Howard Lutnick, ANGELA WEISS, Howard Lutnick, Lutnick, Palmer Luckey Palmer Luckey, Oculus, Patrick T, Fallon, Palmer, Luckey, Walz, Andrew Bosworth, JOSH EDELSON, Getty Andrew Bosworth, Bosworth, Eli Lilly, Lockheed Martin, General Mills, Johnson Organizations: Starbucks, Trump, Service, Blackstone, Getty, LinkedIn, Greylock Partners, Liberty, SpaceX, Elon Musk Elon, Tesla, Pennsylvania, Billionaire, Sun Microsystems, Wall Street, Philadelphia Inquirer, Financial Times, Bloomberg, Anduril Industries, Meta, Big Tech, National Association of Manufacturers, General Motors, Penske, Panasonic Locations: Jerusalem, Fortnite, AFP
☆ Chip stocks suffer a mini-meltdown as more potential trade restrictions threaten the industry
  + stars: | 2024-07-18 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +8 min
In today's big story, we're looking at why reports of more potential trade restrictions have chip companies on their heels . Trade restrictions are certainly real concerns for chip companies. AdvertisementThe supply-chain base for most of the chip industry is in Taiwan, specifically TSMC. Politicians and regulators have no interest in making American AI companies less competitive and demand is still extremely high. With so much geopolitical tension, is it possible the chip industry becomes more regionalized?
Persons: —, Dan Schneider's, Rebecca Zisser, Joe Biden, Insider's Kelly Cloonan, Biden, chipmakers, Trump, Emma Cosgrove, It's, Marianne Ayala, aren't, Dan Ives, influencers, Donald Trump, JD Vance, Tyler Le, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Dan Schneider's Nickelodeon, Business, Nvidia, AMD, Bloomberg, China, YouTube, JPMorgan, Apple, Republican National Convention, Netflix Locations: China, Netherlands, Taiwan, Texas, California, New York, London
☆ This portfolio chip stock is the second-best AI play behind Nvidia
  + stars: | 2024-06-13 | by ( Morgan Chittum | ) www.cnbc.com   time to read: +2 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "Behind Nvidia, it's the second-best way to play AI in the chips space," said Jeff Marks, the Club's director of portfolio analysis. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Jerome Powell, Jeff Marks, Eli Lilly, Lilly, Jim Cramer's, Jim Organizations: CNBC, Broadcom, Management, Michigan, Club, Novo Nordisk, Bloomberg
☆ OpenAI's Sam Altman says an international agency should monitor the 'most powerful' AI to ensure 'reasonable safety'
  + stars: | 2024-05-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +2 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewOpenAI CEO Sam Altman says he's keen on regulating AI with an international agency. President Joe Biden also signed an executive order last year calling for greater transparency from the world's biggest AI models. But Altman argued that an international agency would offer more flexibility than national legislation — and that's important given how quickly AI evolves. In simple terms, Altman thinks AI should be regulated like an airplane.
Persons: —, Sam Altman, he's, Altman, Joe Biden Organizations: Service, Business, Intelligence, Bloomberg Locations: EU, California
☆ Google hits a new milestone: $2 trillion
  + stars: | 2024-04-27 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +1 min
Alphabet, Google's parent company, achieved a $2 trillion market cap milestone. This company briefly hit the threshold previously but never sustained a full day of trading. Despite its recent success Alphabet hasn't had an easy path to the $2 trillion mark. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle's parent company, Alphabet, hit a new milestone on Friday: a $2 trillion market cap.
Persons: — Organizations: Service, Google, Nvidia, Apple, Microsoft, Bloomberg, Business
☆ Deutsche Bank's 3-day-a-week return-to-office policy has been met with fierce criticism by staff who say there isn't enough space for everyone
  + stars: | 2024-02-28 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +4 min
Deutsche Bank staff have criticized the company's new return-to-office policies. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "There's enormous resistance among staff," Stephan Szukalski, the head of the labor union DBV, which represents Deutsche Bank staff, told Bloomberg via email. Szukalski, who is also part of the bank's supervisory board, said there isn't enough office space and that staff are already complaining about bottlenecks. The spokesperson told BI: "The bank remains committed to our hybrid working model, which has been received extremely positively by staff.
Persons: —, Christian, Rebecca Short, Stephan Szukalski, Szukalski, EY, Dan Schawbel, Nicholas Bloom Organizations: Deutsche Bank, Staff, Service, Bloomberg, Business, DBV, Google, General Motors, SAP, Stanford Locations: Germany
☆ EY and Deloitte are scrutinizing staff workloads and quietly letting some workers go
  + stars: | 2024-02-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +3 min
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Now they’re scrutinizing employee workloads and letting go of "underemployed" staff, The Times of London reported . EY told Business Insider in a statement that it has "well-established performance management processes" that look at a variety of metrics. The Big Four firms, which include EY, Deloitte, PWC, and KPMG, have cut hundreds of jobs in the past year amid a challenging economic climate. It recently gave 3,000 staff poor performance reviews , which are internally known as "concerns," according to Bloomberg .
Persons: —, workloads, EY Organizations: Service, Deloitte, Big, Times, EY, PWC, KPMG, Consulting, McKinsey, Bloomberg Locations: London
☆ The 'work-from-home weekend' may be on its way out
  + stars: | 2024-02-16 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +1 min
Deutsche Bank won't let employees work from home on both Fridays and Mondays, Bloomberg reported. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The latest firm to ramp up its office attendance policies is Deutsche Bank, which will now require workers to come in at least three days a week, according to Bloomberg . That means workers will have to bid goodbye to their long “work-from-home weekend.”This story is available exclusively to Business Insider subscribers.
Persons: — Organizations: Deutsche Bank, Bloomberg, Service, Business
☆ 3 students won $700,000 for using AI to translate 2 tweets worth of text from previously unreadable ancient scrolls
  + stars: | 2024-02-10 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +4 min
Three students won the Vesuvius Challenge for uncovering text in the Herculaneum papyri. The students were awarded a $700,000 prize after using AI to uncover the passages. “This is the society from which the modern Western world is descended.”The Herculaneum papyri were buried thousands of years ago during the eruption of Mt. The Vesuvius Challenge hopes entrants will help uncover about 90% of the first four scrolls. AdvertisementThe founders of the Vesuvius Challenge hope they’ll be able to crack open and read the entirety of all 800 scrolls in the next few years.
Persons: —, Youssef Nader, Luke Farritor, Julian Schilliger, ” Nader, Julius Caesar’s, ” Robert Fowler, Salvatore Laporta, Nat Friedman, Daniel Gross, Brent Seales —, Seales, uncracked, Philodemus, Friedman, …, fihs9ADb48 — Nat Friedman, they’ll Organizations: Service, Freie University, Wall Street, University of Nebraska, ETH Zurich, Villa, Herculaneum Society, Bloomberg Locations: Berlin, Switzerland, Vesuvius, Italian, Herculaneum
☆ McKinsey's 'unsatisfactory' performance warning for 3,000 workers is the latest bad news for big consulting companies
  + stars: | 2024-02-08 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +2 min
McKinsey & Company has recently given some 3,000 staffers poor performance ratings, which are internally known as “concerns,” according to Bloomberg . This story is available exclusively to Business Insider subscribers. The fraction of employees who received these ratings remains consistent with numbers from previous years, a spokesperson for McKinsey told Bloomberg. New hires at major consulting firms, especially, are worried about how all the idle time will impact their performance reviews. McKinsey did not respond to a request for comment from Business Insider but a spokesperson told Bloomberg that the company has "always maintained a high bar for performance."
Persons: they’ve, that's, ” Organizations: McKinsey & Company, Bloomberg, Employees, Business, McKinsey, New
☆ Remote workers and middle managers are most likely to get let go during layoff season, experts say
  + stars: | 2024-02-01 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +3 min
Remote workers and middle managers are often more vulnerable to layoffs, experts say. Remote workers who are anxious about job security should return to the office, one expert said. Still, there's likely to be more cuts on the way, experts say, and remote workers and middle managers may be prime targets. Middle managers are also vulnerable, experts say. Meta CEO Mark Zuckerberg said in 2023: "I don't think you want a management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work."
Persons: —, It's, there's, Ariel Schur, Andy Challenger, Mark Zuckerberg, Daniel Zhao, they're, Daniel Keum Organizations: Service, PayPal, ABS Staffing Solutions, Bloomberg, Wall Street, Meta, Columbia Business School
☆ Chinese EV automaker BYD will spend $14 billion developing smart car features that rival Tesla
  + stars: | 2024-01-17 | by ( Tom Carter | ) www.businessinsider.com   time to read: +3 min
Chinese EV maker BYD has unveiled its new AI-powered Xuanji smart car system. It's part of a $14 billion smart car bet that includes hands-free driving. BYD passed Tesla as the world's biggest EV maker and is now chasing Elon Musk's company on AI. AdvertisementBYD has overtaken Tesla as the world's largest EV maker. The Chinese EV maker unveiled its AI–powered Xuanji smart car system at its "Dream Day" event on Tuesday as it made a big bet on artificial intelligence.
Persons: BYD, Tesla, Elon, —, it's eyeing Elon, Wang Chuanfu, Warren Buffett, Elon Musk Organizations: Elon Musk's, Service, Reuters, South China Morning, Bloomberg, Business Locations: Shenzhen
☆ OpenAI's new CEO once compared working for Microsoft to selling his soul. It'll now be his biggest investor.
  + stars: | 2023-11-21 | by ( Tom Carter | ) www.businessinsider.com   time to read: +2 min
AdvertisementIf Sam Altman needs advice on what working at Microsoft is like , he can ask Emmett Shear, the man who replaced him. OpenAI's new boss previously said working at Microsoft, which has invested upward of $10 billion in the AI startup, was like selling his soul. The Twitch cofounder was appointed interim OpenAI CEO on Sunday night , after negotiations to bring back Sam Altman fell through. AdvertisementIn the same post, he said that Sam Altman and Greg Brockman would be joining Microsoft to head up a new AI team. OpenAI and Microsoft did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: Emmett Shear, Sam Altman, —, OpenAI's, Shear, Altman, Satya Nadella, Nadella, Greg Brockman Organizations: Microsoft, Service, Bloomberg, Business Locations: OpenAI
☆ I visited Birkenstock's fashion-forward SoHo store and was impressed by the range of styles, including sneakers, heels, and boots
  + stars: | 2023-10-30 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com   time to read: +3 min
The German shoe brand's IPO missed the mark, but analysts say the company has upside. I visited the Birkenstock store in Soho to see how the company is approaching its retail footprint. In other words, it's as safe a bet as fashion brands come. Although it isn't a designer brand, Birkenstock falls in the luxury category with prices ranging from $50 to $475. I visited Birkenstock's Soho store to see how the company is positioning its retail locations.
Persons: Birkenstock, —, Birkenstock's, Steve Job's, Birks, Piper Sandler, Gucci loafers, Jessica Ramirez, Jane Hali Organizations: New York Stock Exchange, Service, Associates, Bloomberg, Soho Locations: Soho
☆ The life and career of Lululemon founder Chip Wilson
  + stars: | 2023-10-27 | by ( Jordan Hart | Jennifer Ortakales Dawkins | ) www.businessinsider.com   time to read: +2 min
Chip Wilson founded Lululemon Athletica Inc. in 1997 after selling his first apparel company. Wilson has lived with a rare muscular disease for over 30 years. AdvertisementAdvertisementLululemon 's billionaire founder Chip Wilson has been the center of both acclaim and controversy. He spends part of his fortune on philanthropy and researching a cure for the rare muscular disease called facioscapulohumeral muscular dystrophy, which he was diagnosed with at 32 years old. Here's everything we know about Wilson's life and career as the founder and former CEO of Lululemon.
Persons: Chip Wilson, Wilson, —, women's Organizations: Lululemon Athletica, Service, Bloomberg
☆ Chinese tech giant Baidu says its latest update to ChatGPT rival Ernie is 'not inferior in any respect' to GPT-4
  + stars: | 2023-10-17 | by ( Tom Carter | ) www.businessinsider.com   time to read: +3 min
Chinese search giant Baidu has unveiled the latest version of its Ernie generative AI model. The company says that it is a match for GPT-4, the large language model behind OpenAI's ChatGPT AI. AdvertisementAdvertisementChinese AI companies are racing to match ChatGPT — and now, one says it has a chatbot that can go toe-to-toe with OpenAI's GPT-4 model. The chatbot is now also able to provide video and audio responses — unlike OpenAI's GPT-4, which currently only generates text responses. "Ernie is not inferior in any respect to GPT-4," said Li, in comments reported by Bloomberg .
Persons: —, ChatGPT —, OpenAI's, Ernie, Robin Li, Li Organizations: Baidu, GPT, Service, Bloomberg, Microsoft, US Locations: Beijing, China, Taiwan
☆ Walmart says customers on Ozempic are actually spending more money overall
  + stars: | 2023-10-11 | by ( Gloria Dawson | ) www.businessinsider.com   time to read: +3 min
Walmart told the analysts the small group of known customers who take the drugs spend more overall. AdvertisementAdvertisementWalmart is trying to clarify the impact weight-loss drugs like Ozempic and Wegovy are actually having on its bottom line. AdvertisementAdvertisementBut speaking to Morgan Stanley analysts, Walmart has clarified "two potential misconceptions," the analysts wrote. But, within this group, Walmart observed these customers were spending slightly less on food year over year. In aggregate, GLP-1 spending changes are not moving the needle for Walmart's total business, the authors write.
Persons: Morgan Stanley, —, John Furner, Furner, hasn't, Rice Krispies Organizations: Walmart, Service, Bloomberg
☆ CIA planning its own ChatGPT-style tool, weeks after its tech chief urged users to treat AI like their 'crazy, drunk friend'
  + stars: | 2023-09-27 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
The program is set to be used by analysts to help with their research, Bloomberg reported. The move comes weeks after the CIA's tech chief told users to treat AI as the "crazy drunk friend." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The tool will used across the 18-agency US intelligence community, including those run by branches of the military, per the report. The move comes just weeks after the CIA's chief technology officer advised users to treat AI as "what I call the crazy drunk friend."
Persons: —, We've, Randy Nixon, Nixon, Mulchandani Organizations: CIA, Bloomberg, Service, Central Intelligence Agency, Enterprise, Breaking Defense, Representatives Locations: Washington
☆ Some universities are ditching AI detection software amid fears students could be falsely accused of cheating by using ChatGPT
  + stars: | 2023-09-22 | by ( Tom Carter | ) www.businessinsider.com   time to read: +4 min
Several major universities say they have stopped using AI detection tools over accuracy concerns. They say that tools built to spot essays written by AI could lead to students being falsely accused of cheating. Several major universities have stopped using AI detection tools provided by anti-plagiarism company Turnitin over fears that the technology could lead to students being falsely accused of cheating, according to a report from Bloomberg . Other students have reported being falsely accused of using AI by anti-plagiarism software. Turnitin said in a statement to Bloomberg that its AI detection software is not designed to be used to punish students.
Persons: OpenAI, ChatGPT, Turnitin, Markman, Vanderbilt, Annie Chechitelli Organizations: Service, Bloomberg, Vanderbilt, Vanderbilt University, Northwestern University, University of Texas Locations: Wall, Silicon, Texas
☆ Why the middle-class is being permanently priced out of Miami
  + stars: | 2023-09-18 | by ( Kelsey Neubauer | ) www.businessinsider.com   time to read: +5 min
More apartments are being built in Miami than anywhere else in the US, the Wall Street Journal reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Now, "the Florida housing market is undergoing a restructuring as a result of the work-from-home phenomenon," housing expert Jonathan Miller told Insider. Particularly in South Florida, it's a sign that these wealthier newcomers — mostly from the northeast — have permanently altered Miami's housing market, Miller said. For wealthier newcomers who moved from the northeast, Miami luxury housing is actually comparatively cheap, Miller said.
Persons: Jonathan Miller, Miller, Daryl Fairweather, Rich, Eli Beracha, Mercedes Cabrera, WPTV Organizations: Wall Street Journal, Service, Wall Street, Redfin Corp, Bloomberg, Hollo, Real, Florida International University, Dade, Street Journal Locations: Miami, Wall, Silicon, Florida, South Florida, Real Estate, Manhattan, Broward, Palm Beach, Hileah, Dade County, Southeast Florida
☆ Amazon is expanding its own shipping service that directly competes with FedEx and UPS, email invite shows
  + stars: | 2023-08-18 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +4 min
Amazon is inviting sellers to use its own in-house shipping service, called Amazon Shipping. Amazon is significantly expanding its own shipping service that competes with FedEx and UPS. Earlier this week, Amazon invited some sellers to use Amazon Shipping, its own in-house delivery service, according to an email invite seen by Insider. If the merchant used Amazon's fulfillment service, Amazon would decide which delivery service their packages would go through, whether it's UPS or Amazon's own shipping service. However, with Amazon Shipping, sellers now have the choice to use Amazon Shipping directly, even if they are shipping from their own warehouse.
Persons: It's, Pitney Bowes, That's, Olivia Connors Organizations: Amazon, Amazon Shipping, FedEx, UPS, US Postal Service, Pitney, Amazon's, eBay, Bloomberg Locations: United States, France, Italy, Spain, India, Los Angeles, London
☆ Oil prices are finally rallying. Here's what it means for three key energy stocks
  + stars: | 2023-07-27 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com   time to read: +7 min
A long-awaited rally in crude oil prices has helped the Club's three oil-and-gas companies become some of our top-performing stocks over the past month. Brent crude, the global oil benchmark, and West Texas Intermediate crude, the U.S. oil standard, have both climbed by more than 10% since late June. Energy stocks linked to crude — including Club names Halliburton (HAL), Coterra Energy (CTRA) and Pioneer Natural Resources (PXD) — have risen on oil's fortunes. U.S. producers also have shown restraint, Kumar told CNBC, with domestic crude production hovering around 12.3 million barrels per day all year . Moreover, a year-over-year drop in U.S. rig counts points to "a bit of a decline in oil production" down the road, Kumar said.
Persons: we're, Brent, Cowen, Jason Gabelman, Gabelman, Truist's Neal Dingmann, Dingmann, Mizuho, Nitin Kumar –, –, Kumar, Baker Hughes, Goldman Sachs, Halliburton, Ukraine —, Truist's Dingmann, Jim Cramer's, Jim Cramer, Jim, Suzanne Cordeiro Organizations: West Texas, Halliburton, HAL, Coterra Energy, Natural Resources, Bausch Health, CNBC, Bloomberg, of Petroleum, Wall, AFP, Getty Locations: U.S, Saudi Arabia, Russia, OPEC, Ukraine, Texas, New Mexico, Stanton , Texas
☆ Jim Cramer's Investing Club meeting Thursday: Estee Lauder, NFL-YouTube deal, Beer buy
  + stars: | 2022-12-22 | by ( Krystal Hur | ) www.cnbc.com   time to read: +2 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. While shares of EL were down to around $241 each mid-morning on Thursday, Jim Cramer thinks they could slip further by the close. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
☆ Suedia planifică primele restricții pe timp de pandemie, la sfârșit de noiembrie
  + stars: | 2020-11-12 | by ( ) agora.md   time to read: +3 min
Suedia va interzice vânzarea de alcool după ora 22.00 în baruri și restaurante, începând cu 20 noiembrie. Este prima formă de lockdown pe care Suedia o anunță de la începutul pandemiei, până acum mergând doar pe formula recomandărilor, scrie digi24.ro. Toate localurile care vând băuturi alcoolice în Suedia se vor închide la ora 22.30, începând de pe 20 noiembrie, potrivit Bloomberg . Riscăm să ajungem în poziția în care am fost în primăvară”, a declarat premierul Stefan Lofven. Premierul Lofven a declarat că este gata să impună măsuri mai stricte pentru a limita întrunirile publice, dacă recomandările nu dau rezultate.
Persons: Stefan Lofven ., Lofven, Dodon Locations: Suedia, Suediei, AGORA, Ucrainei
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