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☆ Ray Dalio says to understand Trump's 2nd administration, you should study how far-right governments in the 1930s worked
▼ + stars: | 2024-11-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

AdvertisementRay Dalio said Trump's approach to governance was tried by hard-right states in the 1930s. Dalio, who often publishes personal remarks on the global economy, wrote a LinkedIn commentary on Wednesday with his predictions for a second Trump administration. Advertisement"Think of Gordon Gekko and the perspective he conveyed in his 'greed is good' speech," Dalio wrote of Trump's approach, referring to Michael Douglas' character from "Wall Street," the 1987 film. Dalio wrote that he isn't saying Trump's administration would be fascist or that Trump would behave like fascist leaders. Brandon Bell/Getty ImagesTheir mission, Dalio wrote, is to "create maximum economic strength and fight foreign enemies."

Persons: Ray Dalio, Trump, Donald Trump, Trump's, Elon Musk, Vivek Ramaswamy, Gordon Gekko, Dalio, Michael Douglas, Ramaswamy, Marco Rubio, Tucker Carlson, Steve Bannon, Brandon Bell, Pete Hegseth, Elise Stefanik Organizations: Bridgewater Associates, of Government, Trump, SpaceX, Fox News, Defense Secretary, New York, United Nations, US Senate, Republican, Business Locations: United States, Washington, China

☆ Microsoft's Copilot has an oversharing problem. The company is trying to help customers fix it.
▼ + stars: | 2024-11-21 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Copilot's indexing of internal data led to oversharing of sensitive company information. Some corporate customers delayed Copilot deployment due to security and oversharing concerns. On Tuesday, Microsoft released new tools and a guide to help customers mitigate a Copilot security issue that inadvertently let employees access sensitive information, such as CEO emails and HR documents. These updates are designed "to identify and mitigate oversharing and ongoing governance concerns," the company explained in a new blueprint for Microsoft's 365 productivity software suite. AdvertisementAs a result, some customers have deployed Copilot, only to discover that it can enable employees to read an executive's inbox or access sensitive HR documents.

Persons: Copilot, overshares, Microsoft's Copilot, Joe Blow, Joe Organizations: Microsoft, Business

Comcast announced a plan Wednesday to spin off most of its cable television networks into a separate publicly traded company. The new company will include the USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. Comcast will retain key NBCUniversal assets, including the NBC broadcast network, NBC News, NBC Sports, the streaming service Peacock, and the cable channel Bravo. The move comes as the traditional cable television bundle faces stiff economic headwinds, most notably the rise of cord-cutting and the shift to streaming alternatives. Matt Strauss will become chairman of the NBCUniversal Media Group.

Persons: Mike Cavanagh, ” Cavanagh, “, Cavanagh, Mark Lazarus, Anand Kini, Dan Ives, ”, ” Rich Greenfield, ” Greenfield, Cesar Conde, Conde “, ” Donna Langley, Peacock, Matt Strauss, Mark Woodbury Organizations: Comcast, USA Network, CNBC, MSNBC, SYFY, Golf Channel, NBC, NBC News, NBC Sports, Bravo, Wall Street Journal, Wedbush Securities, LightShed Partners, Wednesday, NBCUniversal, Group, Telemundo, NBCUniversal Entertainment, Studios, NBCUniversal Media, Universal, General Electric, Netflix, Amazon Prime Locations: NBCUniversal

☆ Susan Smith killed her 2 young children by pushing her car into a lake. 30 years later, she’s up for parole
▼ + stars: | 2024-11-20 | by ( Chris Boyette | ) edition.cnn.com time to read: +5 min

Susan Smith arrives at Union County Courthouse as the penalty phase of her trial moves into closing arguments in 1995. On Wednesday, Smith will have her chance to make her argument before the parole board, according to the South Carolina Department of Probation, Parole and Pardon Services. Inmates in South Carolina are allowed to receive and send letters but cannot legally communicate with journalists in person or on the phone. Smith and the filmmaker discussed shooting the documentary after the parole hearing and how she would be paid for her participation, according to an incident report. Pope is against Smith’s parole and said he will be speaking before the parole board at the hearing Wednesday.

Persons: Susan Smith, Smith, Michael, Alex, “, –, John D, ’, Susan Smith's, Tommy A, Thomas, haven’t, David Smith, Money, David Smith fastens, John Kuntz, ” Tommy Pope, Pope, “ Susan, Susan, ”, ” Pope, Larry King, ” David Smith Organizations: CNN, Courthouse, Reuters, South Carolina Department of Probation, Services, South Carolina Department of Corrections, Judicial Locations: Union , South Carolina, Long, Union, South Carolina

☆ The second-oldest person in the US has died aged 113. Her 4 secrets to a long life include not having kids to avoid stress.
▼ + stars: | 2024-11-20 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +3 min

AdvertisementHerlda Senhouse, formerly the second oldest person in the US, died this week at the age of 113. Herlda Senhouse, born in 1911, appreciated three things about 2024: electric light, indoor plumbing, and having a Black female vice president. But Senhouse thought that not having children helped her avoid stress, which research suggests can accelerate aging. I seldom eat fast food," Senhouse told WBZ News in 2022. Know when to let goDo your best to fix issues in your life, but if you can't, let it go, Senhouse told The Telegraph.

Persons: Herlda Senhouse, Senhouse, Stephanie Hawkinson, didn't, Hawkinson, Margaret Robinson, BI's Hilary Brueck Organizations: Boston Clique, Boston University, New, US, Community Health, WBZ News, WBZ, Harvard, Telegraph, Business Locations: Wellesley , Massachusetts, Boston, New England, Wellesley

☆ I didn't want kids, but being a stepmom is the best of both worlds
▼ + stars: | 2024-11-20 | by ( Nikki Carter-Ferry | ) www.businessinsider.com time to read: +5 min

When I met my husband, he had a daughter already, and I was surprised by my connection to her. I officially became a stepmom, and — though I told my husband I didn't want to be expected to do hands-on parenting if I didn't want to — I embraced my new role. Being a stepmom is the best of both worldsNot long ago, Davey and I questioned whether we should expand our family. Yet I can't deny that as much as I love our family, I also love the built-in breaks that come with split custody. I am a stepmom — a bonus parent, but still a parent, and a role that feels right for me.

Persons: It's, I've, Davey, didn't, I'm

☆ Deloitte says jobs are at risk in its advisory division as challenges for the consulting sector continue
▼ + stars: | 2024-11-20 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

The growth rate in Deloitte's global consulting division has fallen from 19% in 2023 to 1.9% in 2024. Deloitte plans to cut more staff from its advisory division as demand for consultancy services declines. "In the context of an ongoing challenging market, we have to carefully consider the shape of our firm," Deloitte told BI on Wednesday. According to its latest annual report, Deloitte's global consulting revenues grew by 1.9% in the 2024 financial year ending 31 May. AdvertisementDeloitte's global workforce expanded to 460,000 in the 2024 financial year, an increase of 3,000.

Organizations: Deloitte, Business, Financial Times, Equity

☆ Comcast’s cable networks spinoff raises questions about future of the TV business
▼ + stars: | 2024-11-20 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

On Wednesday morning, the media giant confirmed that it is spinning off most of its cable channels, including MSNBC and CNBC, into a separate publicly traded company. The new company doesn’t have a formal name yet — Comcast is simplycalling it “SpinCo” — a suitable label since employees’ heads are spinning with questions. Discovery, spin off their cable channels too? How might the cable bundle business model be impacted? “This is a very clear, direct statement by Comcast” that “they are exiting the cable network business,” Greenfield said.

Persons: Mike Cavanagh, NBCUniversal, Tom Rogers, Rogers, “ it’s, ”, ” Rogers, Rich Greenfield, ” Greenfield, ’ It’s, Mark Lazarus, Lazarus, “, Joe Kernen, Greenfield’s, Greenfield, Matt Stoller, Hugh Johnston, “ SpinCo Organizations: New, New York CNN, Comcast, MSNBC, CNBC, Walt Disney Company, Warner Bros, NBC Cable, Lightshed Partners, Paramount, USA Network, SYFY, Golf, Rotten, NBC, American Economic Liberties, Disney, ” Fox Corp Locations: New York

Fresh from a devastating loss to Donald Trump, Vice President Kamala Harris may now head to Capitol Hill to defy him in what could be her last major act in office. As the president of the Senate, Harris wields the constitutional power to provide a tie-breaking vote. “We are going to use the lame duck to confirm judges. GOP senators can slow the process down, but Democrats need a simple majority to overcome any obstruction and confirm judges. The senior administration official declined to discuss whether Biden has talked to Harris or Schumer about lame-duck confirmations.

Persons: Donald Trump, Kamala Harris, Joe Biden, Trump, Harris, —, Chuck Schumer, Biden, ”, “, Sen, Elizabeth Warren, Warren, Schumer, ” Schumer, irking Trump, ” Trump, ” Sen, Mazie Hirono, they’re, That’s, “ I’m, “ Hope she’s Organizations: Capitol, House, Senate, D.C, Biden, NBC News, Radical, Republican Senators, Trump, Republicans, Democrats, Appeals, White, Democratic, Dems Locations: Hawaii, California

☆ Stellantis delays Ram electric pickup trucks until 2025
▼ + stars: | 2024-11-19 | by ( Michael Wayland | ) www.nbcnews.com time to read: +2 min

DETROIT — Stellantis is delaying the launch of its Ram electric pickup trucks from this year until the first half of 2025, as the trans-Atlantic automaker continues testing the vehicles. CEO Carlos Tavares on Tuesday declined to disclose details about what caused the delays or specific timing on the electric trucks, which include an all-electric “REV” model and an extended-range “Ramcharger” that’s equipped with an electric generator and a gas engine. Stellantis’ upcoming electric pickups are the first that will be built on the company’s new “STLA Frame platform” for its larger trucks and Jeep SUVs. It is expected to be a “multi-energy platform” that’s capable of internal combustion engines and hybrids, as well as electric models using batteries, fuel cells and range-extended electric propulsion systems. Doing so would deliver on Trump’s campaign comments about removing such incentives and EV initiatives.

Persons: Carlos Tavares, ” Tavares, It’s, Stellantis, ” Stellantis, Donald Trump, Tavares, Trump Organizations: DETROIT, Atlantic, Dodge, Biden, EV Locations: U.S, ” Stellantis ’

☆ Susan Smith, who drowned her two children 30 years ago, is up for parole
▼ + stars: | 2024-11-19 | by ( Juliette Arcodia | ) www.nbcnews.com time to read: +5 min

COLUMBIA, S.C. — Susan Smith, who shocked the nation 30 years ago when she rolled her car into a lake with her two children inside and watched them drown, will ask a parole board Wednesday to release her from prison. Almost 30 years ago to the day, Susan Smith made international headlines when she said she was carjacked late at night near Union, South Carolina, by a Black man. Smith, now 53, has had an eventful three decades behind bars in South Carolina, including multiple disciplinary actions. As of Monday, 471 people had written to the South Carolina Department of Probation, Parole and Pardon Services regarding Smith's hearing. Former lead prosecutor and current South Carolina State Rep. Tommy Pope is also expected to speak in opposition.

Persons: — Susan Smith, Smith, Susan Smith, Michael, Alex, David Smith, it’s, Houston Cagle, Alfred R, Rowe Jr, Smith “, “, Willie Rice, Rice, Tommy Pope, Pope, NewsNation, she’s Organizations: COLUMBIA, TV, Women’s Correctional, South Carolina Department of Corrections, State, South Carolina Department of Probation, South Carolina State Rep Locations: Union , South Carolina, South Carolina, Richland County

☆ Zhuhai airshow: Stealth fighters and a massive mothership drone: the high-tech weapons China has unveiled
▼ + stars: | 2024-11-19 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

J35-A stealth fighterMore than a decade in the making, China’s much-anticipated new stealth fighter jet, the J-35A, is widely seen as part of Beijing’s bid to match the United States’ stealth fighter capabilities. The HQ-19 surface-to-air missile system is among the most anticipated new weapons displayed at the airshow in Zhuhai, China. The Chinese military's new unmanned aerial vehicle, "Jetank," is displayed at the Zhuhai airshow on Nov. 12, 2024. It comes with folding tailfins, a design that allows for more compact stowage to fit the country’s stealth fighter jets. A Russian Sukhoi Su-57 fifth-generation fighter aircraft flies during the airshow in Zhuhai, China on November 14, 2024.

Persons: –, Xinzhi, ”, Wei Dongxu, Du Wenlong, Zhuhai . Long Wei, Zou Wei, Russian Sukhoi Su, Hector Retamal, Sergei Shoigu Organizations: Hong Kong CNN, PLA Air Force, CCTV, US, Air Defense, US Defense, PLA, PLA Academy of Military Sciences, Kyodo, Future Publishing, China Military, China Military Online, Aviation Industry Corporation of China, Air Missile, International Institute for Strategic Studies, AIM, Getty, Tass Locations: Hong Kong, China, Zhuhai, United States, Beijing, Asia, Ukraine, Taiwan, States, Zhuhai . Long, Air Missile China, Russian Sukhoi, AFP, Russia, Russian

☆ Rocket Lab's CEO practices founder mode like Elon Musk — but he'd rather pan for gold on Earth than live on Mars
▼ + stars: | 2024-11-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

AdvertisementHeadquartered in Long Beach, California, Rocket Lab employs over 2,000 people globally. It's an "end-to-end space company," providing launch services, spacecraft, satellite components, and on-orbit management. Rocket Lab is valued at a fraction of that, with a market cap of around $9.5 billion. He said that's the nature of who he is — and the job of running a rocket company. AdvertisementBeck describes running a rocket company as "running through a maze in the middle of the night."

Persons: Peter Beck, Beck, Elon Musk, you've, Donald Trump, Trump, David, faze Beck, Virgin, Virgin Orbit, Jeff Bezos, Rutherford, Ernest Rutherford, We've, we've, doesn't, Beck doesn't, blissfully Organizations: SpaceX, Rocket, Department of Government, Lab, Rocket Lab, New Zealand Locations: New Zealand, Long Beach , California

☆ Beware these stocks that rely on government spending if Musk’s DOGE threatens budgets
▼ + stars: | 2024-11-19 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Given this overhang, Morgan Stanley's sales team created a whole basket of stocks that have a large exposure to government spending. gov Relatively high revenue from government, as estimated by Morgan Stanley Notably, the list mostly excludes defense contractors, as Morgan Stanley expects them to be more insulated from budget cuts. Stocks in the basket include these 10: Moderna and Pfizer are two companies that made the basket. While the average analyst polled by LSEG has a hold rating, the average price target implies the stock will nearly double over the next year. MRNA PFE YTD mountain Moderna and Pfizer, year to date Research and consulting firm Gartner was also included in the Morgan Stanley basket.

Persons: Donald Trump's, Trump, Elon, Vivek Ramaswamy, it's, Morgan, Morgan Stanley, Trump's, Robert F, Kennedy Jr, LSEG, Gartner Organizations: Tesla, Roivant Sciences, Department of Government Efficiency, Intuit, Washington Post, Internal Revenue, gov, Moderna, Pfizer, Human Services, Research, Gartner Locations: Stamford , Connecticut

But the decline in support for Ms. Harris in some of the country’s most liberal areas is particularly notable. For example, in Fulton County, which contains most of Atlanta, Ms. Harris gained about 4,500 votes, but Mr. Trump gained more than 7,400. He similarly outran Ms. Harris where she made gains in Wake County, N.C., Lancaster County, Pa., and Montgomery County, Texas. In Milwaukee County in swing-state Wisconsin, Ms. Harris lost 1,200 voters compared with Mr. Biden’s total in 2020, while Mr. Trump gained more than 3,500. But he lost votes, as did Ms. Harris, in majority-Black counties, especially those in the South where turnout dropped overall.

Persons: Harris, Biden, Donald Trump, Kamala Harris’s, Joseph R, Iowa Kan, Trump, Larry Sabato, Mr, Sabato, “, Trump Harris, Eli Murray, Elena Shao, Charlie Smart, Christine Zhang, Biden’s, Christine Zhang Ms, Joel Benenson, Barack Obama’s, ” Mr, Benenson, Harris Trump, John McLaughlin, pollster, McLaughlin, ” Organizations: Trump, New York Times, Hawaii Idaho Ill, N.D . Ohio Okla, D.C, Biden, Mr, Harris Trump, Democratic, Lean Democratic, Lean Republican, Center, Politics, University of Virginia, Florida’s Miami, Republican, Republicans, Harris Trump Arizona, Indiana, Nebraska, Washington, of Columbia Locations: Ala, Alaska, Calif, Colo, Conn, Del, Fla . Ga, Hawaii Idaho, Ind, Iowa, Ky, La . Maine Md, Mass, Mich, Minn, Miss, Mo, Mont, Neb, N.H . N.J, N.M, N.Y, N.C, N.D . Ohio, N.D . Ohio Okla ., Pa, S.D . Tenn . Texas Utah, Va, Wash, W.Va . Wis, Wyo, Chicago, Los Angeles and New York, Texas, Florida, New Jersey, New York, Georgia, Fulton County, Atlanta, Wake County, Lancaster County, Montgomery County , Texas, Milwaukee County, Wisconsin, Milwaukee, Charlotte, Flint, Scranton, Dade County, Miami, Fresno County, Pinellas County, Fla, Black, Michigan, Nevada, Carolina, Alabama, Arkansas, California, Colorado, Connecticut, Delaware, Hawaii, Idaho, Illinois, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Hampshire, Jersey, Mexico, York, Dakota, Ohio, Oklahoma, Oregon, Tennessee, Utah, Vermont, Virginia, Wyoming

☆ Inside Amazon's agonizing attempt to save Alexa with AI
▼ + stars: | 2024-11-19 | by ( Eugene Kim | ) www.businessinsider.com time to read: +12 min

AdvertisementCustomer-friction concerns, partnership hiccups, compatibility questions, latency problems, and accuracy issues have snarled progress, according to internal Amazon documents and multiple people involved in the project. AdvertisementA product of this scale is "unprecedented, and takes time," an Amazon spokesperson told Business Insider. Related storiesFor example, without more clearly defined responsibilities with third-party partners, Amazon expected further delays in the launch. AdvertisementLatency has been a particularly tough problem for the AI Alexa service. Related storiesNew risksIn late August, Amazon discovered several new risk factors for the AI Alexa service.

Persons: Alexa, that's, Amazon, Taylor Swift, they're, ChatGPT, Andy Jassy, Andy Jassy Mike Blake, Claude Haiku, Rohit Prasad, Claude, AGI NurPhoto, —, Fortune, Amazon's Organizations: Uber, Ticketmaster, Alexa, Echo, Amazon, Business, Bloomberg, TV, Reuters, General Intelligence, AGI, Companies

☆ Nearly half of Americans say they live paycheck to paycheck—only 30% actually do, new Bank of America data finds
▼ + stars: | 2024-11-19 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

As a result, the share of Americans saying they live paycheck to paycheck has been growing fairly steadily for the past two years, a recent Bank of America survey found. Nearly half of Americans at least somewhat agree with the statement, "I am living paycheck to paycheck," as of the third quarter of 2024. Importantly, how each respondent defines living paycheck to paycheck may vary. By that measure, around 30% of American households are living paycheck to paycheck, according to Bank of America's internal data. If it becomes unaffordable, that person may feel like they're living paycheck to paycheck, Tinsley says.

Persons: that's, David Tinsley, Tinsley Organizations: of America, Bank of America, Bank of, Bank of America Institute Locations: Bank

He was the founder of Apple Daily, a pro-democracy, anti-Beijing newspaper that was forced to shut down in 2021. The trial, which began in December 2023, is the most high-profile prosecution of a Hong Kong media figure since the city was handed over from British to Chinese control in 1997. Like all national security trials in Hong Kong, Lai’s trial does not have a jury and is presided over by three judges picked from a national security committee that is approved by Hong Kong’s leader. “Jimmy Lai is a key instigator of anti-China activities, and his collusion with external forces to disrupt Hong Kong and incite division is well-known,” China’s foreign ministry office in Hong Kong said in a statement last week. Reporters Without Borders (RSF) ranked Hong Kong at 135 out of 180 places in its annual press freedom ranking.

Persons: Jimmy Lai, hasn’t, Hong Kong’s, Joshua Wong, “, Donald Trump, Lai, Keir Starmer, Xi Jinping, “ We’re, Jimmy Lai’s, ” Starmer, Xi, Daniel Suen, ’, Chiu Mei, “ Lai, ”, Chris Lau, CNN Lai, Trump Lai, Mike Pence, Trump, you’re, ” Lai, Hong, Anthony Kwan, John Lee, Lee, Trump’s, Hugh Hewitt, I’ll Organizations: Hong Kong CNN, Apple, White, Apple Daily, Getty, Hong, CNN, “, ” Prosecutors, Kowloon Law, Trump, Beijing, Hong Kong . Police, ” Police, HK, Hong Kong Locations: Hong Kong, China, Britain, British, Brazil, AFP, Beijing, Kowloon, Washington, “ Hong Kong, China , Hong Kong, Hong

☆ Nvidia's Blackwell cooling issues were resolved months ago, chip experts say
▼ + stars: | 2024-11-19 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

AdvertisementNvidia's Blackwell chip presents cooling challenges for customers. First, there were chip design issues, which CEO Jensen Huang has since said are fully resolved. "I think the overheating issues have been present for months and they have largely been addressed," Patel told Insider. AdvertisementIn addition to engineering and operational challenges, liquid cooling at scale brings with it a list of environmental concerns. Despite the hard work and environmental strain, of converting to liquid cooling, the incentives are strong.

Persons: Nvidia's Blackwell, Blackwell, Jensen Huang, Dylan Patel, Patel, Meta, Eugene Kim, Semianalysis, Huang Organizations: Nvidia, Blackwell, Semianalysis, BI, Amazon Locations: Semianalysis, Blackwell

☆ Biden administration approves sending anti-personnel mines to Ukraine in another major policy shift
▼ + stars: | 2024-11-19 | by ( Oren Liebermann | ) edition.cnn.com time to read: +3 min

CNN —The Biden administration has approved sending anti-personnel mines to Ukraine for the first time in another major policy shift, according to two US officials. But until now, the Biden administration had not provided Ukraine with anti-personnel mines over concerns about the enduring danger they may pose. In June 2022 – four months after the start of the war in Ukraine – the Biden administration pledged to limit the use of anti-personnel mines. Kostya Liberov/Libkos/Getty ImagesThe announcement of anti-personnel mines for Ukraine, especially with only weeks left in the Biden administration, is a sudden change on what had been a long-standing policy. Russia has deployed anti-personnel mines and anti-tank mines since the earliest days of the war.

Persons: CNN —, Biden, –, Ukraine –, Trump, Kostya, ” Organizations: CNN, US, Ukrainian, Washington Post, Biden, Russian Locations: Ukraine, Russia, Kyiv, Moscow, Ukrainian, South Korea

☆ Elon Musk and Vivek Ramaswamy want to 'delete' parts of the US government. It won't be easy.
▼ + stars: | 2024-11-19 | by ( Alice Tecotzky | John L. Dorman | ) www.businessinsider.com time to read: +7 min

AdvertisementElon Musk and Vivek Ramaswamy are set to co-lead the DOGE in President-elect Trump's second term. In their roles as co-leaders of the forthcoming Department of Government Efficiency, Elon Musk and Vivek Ramaswamy have vowed to "delete" government agencies, much like a line of code. "Or does it mean that a different federal agency will assume the responsibilities of collecting income taxes?" Allison Robbert-Pool/Getty Images"The president can't 'delete' departments — or even almost all of government's subunits. Kettl said that any effort to delete the functions of a department is "an even bigger battle" than trying to delete a department itself.

Persons: Elon Musk, Vivek Ramaswamy, Trump's, Ron DeSantis, Kevin Kosar, DOGE's, Ramaswamy, Donald Trump, Mordecai Lee, aren't, haven't, Kosar, Allison Robbert, Donald Kettl, Elaine Kamarck, Bill Clinton, Kamarck, Kettl, Lee, they've, nix, it's Organizations: Republicans, of Government Efficiency, Elon, Florida Gov, American Enterprise Institute, Fox News, Internal Revenue Service, Federal Bureau of Investigations, Alcohol, Firearms, Tobacco, Department of Education, University of Wisconsin -, Trump, Republican, University of Maryland, Brookings Institute, of Education, Farmers, of Agriculture, USDA, Conservative Locations: Florida, University of Wisconsin - Milwaukee

☆ Federal jobs are known for their stability. Now they could be in jeopardy as Musk pushes for deep spending cuts.
▼ + stars: | 2024-11-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Tech: We're in the middle of a white-collar recession, and tech workers are shouldering much of it . We're in the middle of a white-collar recession, and tech workers . AdvertisementElon Musk's government efficiency commission has been tasked with cutting government spending, raising questions about the future of millions of jobs. Tech jobs are mired in a recession. White collar hiring is in a huge slump, and tech workers are some of the hardest hit .

Persons: Trump hasn't, Tesla, Chelsea Jia Feng, Madison Hoff, Vivek Ramaswamy, Musk, Alice Tecotzky, John L, Dorman, Allison Robbert, Scott Bessent, Cantor Fitzgerald, Howard Lutnick, Marc Rowan, Kevin Warsh, Trump, Goldman Sachs, Morgan Stanley, Natalie Ammari, Uber, Verily, —, Rebecca Zisser, Elon Musk, Bluesky —, Jake Paul's, Netflix's Jake Paul, Mike Tyson, wasn't, Donald Trump's, Satya Nadella, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Google, Trump, Tech, Getty, Elon, Department of Education, Veterans Affairs, Department of Government, Social Security, Medicare, Twitter, Getty Government, Allison, Treasury, BCA Research, Goldman, BI, LinkedIn, Microsoft, China Economic, Security, Walmart Locations: Washington , DC, China, Brazilian, New York, Chicago, London

☆ ‘It’s on him’: Democrats look to Hakeem Jeffries to plot a path to revival
▼ + stars: | 2024-11-19 | by ( Sarah Ferris | Annie Grayer | ) edition.cnn.com time to read: +9 min

In the last Congress, Democrats repeatedly helped Republicans keep the government open and propped up Speaker Mike Johnson when he faced a challenge to his leadership post. He even tapped other senior House Democrats to echo his message to the Biden team, according to another person familiar with the efforts. Still, unlike some in his party, Jeffries is not in despair, according to multiple people familiar with his thinking. But Democrats say Jeffries — alongside Senate Majority Leader Chuck Schumer, who will serve as minority leader in the next Congress — might be the best person to at least try. Internal party sparringOne of Jeffries’ toughest tasks will be keeping Democrats unified on immigration despite the many intraparty divisions.

Persons: Hakeem Jeffries, Jeffries —, Donald Trump, Jeffries, “, ’, Emanuel Cleaver, he’s, ” Jeffries, Mike Johnson, Trump, Rosa DeLauro, Harris, who’ve, Joe Biden, Kamala Harris, overperformed Harris, —, Chuck Schumer, ”, Gregory Meeks, Pramila Jayapal, Jim McGovern, Johnny Cash’s, McGovern, Chip Somodevilla, That’s, That’s James Madison’s, Jeffries didn’t, I’m, Henry Cuellar, ” Cuellar, Cuellar, Gabe Vasquez, Susie Lee of, Scott Peters, Scott Peters of California —, Anna Padilla, Democrats ’, CNN’s Ali, Haley Talbot Organizations: CNN, Democratic Party, House Democratic, Congressional Hispanic Caucus, Progressives, GOP, Capitol, Republicans, Biden, White, Democrats, Democratic, New York Democrat, Progressive, Getty, House Democratic Caucus, Congressional Hispanic, Scott Peters of, Bloomberg Locations: Washington, Yorker, Back, New York, —, Washington ,, New Mexico, Susie Lee of Nevada, Scott Peters of California, Albuquerque , New Mexico

☆ Verily has a December deadline to cut important ties with Google, leaked documents show
▼ + stars: | 2024-11-18 | by ( Hugh Langley | ) www.businessinsider.com time to read: +5 min

Verily has told employees it ultimately intends to become an independent company. Verily, Alphabet's life sciences subsidiary, has set a deadline of December 16 to sever multiple ties to Google, according to two people familiar with the matter and internal documents reviewed by Business Insider. Related Video How tech layoffs could affect the economyVerily, formerly known as Google Life Sciences, started life as a moonshot project inside Google X. "Verily is transitioning from Google's infrastructure to our own, as we continue to grow as an independent Alphabet company," said Verily spokesperson Steven Cooper. AdvertisementAn internal Verily FAQ for staff broached the subject of why the company didn't start Flywheel until after its products were more mature.

Persons: Verily, Steven Cooper, Larry Page, Sergey Brin, Waymo Organizations: Google, Staff, Business, Sciences, BI

☆ Leaked: Amazon held talks with Instacart, Uber, Ticketmaster, and others for help on its new AI-powered Alexa
▼ + stars: | 2024-11-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

The new Alexa aims to be a personalized assistant, handling diverse tasks across different devices. Amazon's AI-powered Alexa upgrade could launch with several major partners handling specific tasks such as ride-hailing, grocery shopping, and restaurant reservations, Business Insider has learned. The partner companies would become the primary option for handling those specific tasks on the upgraded Alexa. Amazon is revamping Alexa with ChatGPT-like AI features, BI first reported in January. Internally codenamed Banyan or Remarkable Alexa, the upgrade has the potential to significantly improve the voice assistant with AI features.

Persons: Uber, Spokespeople, Thumbtack, Andy Jassy, Jassy Organizations: Partners, Ticketmaster, BI, Amazon, Alexa, ChatGPT, Uber

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