DIRS.INFO The most relevant business & tech news

☆ Inside the secretive operation helping manage billionaire Steve Schwarzman's vast fortune
▼ + stars: | 2024-11-15 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Schwarzman has called Blackstone his family office, but he has another family office, BI has learned. Inside Schwarzman's secretive family office with a name that harkens back to his childhood. The concept of the family office can be traced to the 1838 founding of the House of Morgan to handle J.P. Morgan's fortune. Every family office, however, is just as unique as the wealthy family that's spawned it, he said. Advertisement"The term family office," Sharpe said, "is possibly the most misused, overused, and poorly used term in finance today."

Persons: Steve Schwarzman, Schwarzman, Blackstone, —, Averell Harriman, Harriman, Brown, Harry Truman, Donald Trump, Christine Hearst Schwarzman, Gwen Stefani, Theo Wargo, Pennypack, Steve Schwarzman's, Blackstone Schwarzman, Pete Peterson, Marc Sharpe, Michael Dell, Sharpe, they're, Stephen A, John Magliano, Magliano, Paul A ., LLCs, tony Easton, Hearst, Alexi Rosenfeld, Trump's, Stephen Schwarzman, Jabin, Tim Sheehy, Montana, Sheehy, Morgan Organizations: Service, Bloomberg, Ford Motor Co, White, New York Public Library, Metropolitan, Bank of America Securities Financial Services, Blackstone, Vanguard, Family Office Association, Dell Computer, BI, Getty, Schwarzman, LinkedIn, Hearst Schwarzman, Art, Federal Communications Commission, MIT, Humanities, Oxford, New York Public, Schwarzman Education Foundation, Tsinghua University, Policy, Washington, Getty Images Locations: New York, Vietnam, Manhattan, Philadelphia, Blackstone, Schwarzman, Pennypack, Delaware, Nantucket , Massachusetts, Nantucket, Schwarzman's, Newport , Rhode Island, Miramar, Wiltshire, England, Newport ., Beijing, China, North America

☆ The NLRB filed a complaint against Apple. The former engineer who cofounded #AppleToo explains why it's important.
▼ + stars: | 2024-11-06 | by ( Helen Li | ) www.businessinsider.com time to read: +9 min

The NLRB filed a complaint against Apple, alleging labor law violations and retaliation. AdvertisementA culture of silenceScarlett's case is among other ongoing unfair labor practice complaints by former Apple employees. The future of labor organizing in Silicon ValleyThe NLRB has received an uptick in unfair labor practice filings from tech workers. "When we talk about labor law, we're really talking about unions and hourly labor, like retail, front line, and service workers," Scarlett said. Movements like #AppleToo reflect a greater push from tech workers, who expect more employer transparency.

Persons: Cher Scarlett, Scarlett, —, I'm, Bernie Sanders, Howard Schultz, Apple, Slack, – they're, Evan Starr, we're, Matthew Bodie, They're Organizations: NLRB, Apple, Service, Labor Relations, National Labor Relations, SEC, University of Maryland, Employees, Microsoft, Google, The New York Times, University of Minnesota Law School, Activision Blizzard, Mozilla Locations: Oakland, California, Silicon Valley, USA

☆ CNN requested an interview with Melania Trump. Her book publisher asked for $250,000 in exchange
▼ + stars: | 2024-10-03 | by ( Hadas Gold | Pamela Brown | ) edition.cnn.com time to read: +8 min

CNN —Nearly two months ago, CNN reached out to Melania Trump’s book publisher to request an interview with the former first lady ahead of her upcoming memoir. After several exchanges about a possible interview, the publisher sent an unusual demand last week: an interview would cost $250,000. Melania Trump’s spokesperson declined comment. Spokespeople for ABC, NBC and CBS declined to comment on whether they received a similar request for payment from Trump’s publisher. But in this case, the Trump campaign hasn’t been involved in Melania Trump’s book rollout.

Persons: Melania, ”, ” Tony Lyons, “, ” Lyons, Melania Trump’s, Donald Trump’s, Melania Trump, Trump, Lyons, Simon, Simon & Schuster, Marc Beckman, CNN –, “ It’s, Kate Anderson Brower, Grace, ” Anita McBride, George W, Bush, ” McBride, I’ve, Ainsley Earhardt, Fox’s Sean Hannity, Trump’s, it’s, Kelly McBride, Craig Newmark, Anita McBride, Casey Anthony, George Stephanopoulos, recusing, ABC’s, McBride, hasn’t, Donald Trump, CNN’s Brian Stelter Organizations: CNN, Skyhorse Publishing, ” CNN, ” Records, NDA, Simon &, American University, Fox News, ABC, NBC, CBS, Guardian, Ethics, The Poynter Institute, ABC News, Wednesday, Washington, Clinton Foundation, Poynter Institute, Trump

☆ The unsung warriors of 'The Price Is Right'
▼ + stars: | 2024-09-29 | by ( David Kushner | ) www.businessinsider.com time to read: +41 min

As one of the game show's four models known as "Barker's Beauties," Hallstrom had been a morning fixture in millions of homes. Hallstrom hasn't seen "The Price Is Right" in ages, and she winces when I say its name. The Price is Right / Internet ArchiveHallstrom, like her mother, was also modeling on the side. To counteract its image, "The Price Is Right" announced that Barker's Beauties would be adding a Black model. "I want you folks to know that the lovely Dian is leaving 'The Price Is Right' to pursue other interests," Barker announceAdvertisement"You are the heart and soul of 'The Price Is Right,'" she told the audience.

Persons: Holly Hallstrom, wasn't, She'd, Bob Barker, Hallstrom, America's, Lucille Ball, Carol Burnett, Barker, groped, Bob, Matt Lauer, Charlie Rose, Roger Ailes, Leslie Moonves, — Dian Parkinson, Janice Pennington —, Marcus, —, she'd, Mark Goodson, Johnny Olson, Janice Pennington, Dian Parkinson, Pam Anderson, deadpanned, pratfalls, David Hasselhoff, Goodson, Goodson doesn't, Pennington, Kathleen Bradley, Bradley, Deborah Curling, Black, Steve Grayson, Parkinson, Linda Riegert, Riegert, Dian, Nancy Burnet, Barker's, Burnet, Holly, Smokey Robinson, Tim Reid, I've, Parkinson didn't, who'd, huff, Bradley she'd, They'd, bimbo, She's, Roger Neal, Neal, TikTok, kitschy Barker, Adam Nedeff, . Phillips, Suzanne Somers, Roger Dobkowitz, Jonathan Goodson, Annie Wells, they'd, Les Moonves, Curling, Moonves, George Gray, Mary Capps, Brandi Cochran, Lanisha Cole, Cole, Cochran, David Livingston, Victoria Sirakova, Ron Galella Organizations: Honda, CBS, YouTube, CBS Television, Navy, Future Farmers of, Hollywood, Beauties, Miss, Playboy, Caucasian Broadcasting, West Hollywood, PlayBoy, Bradley, National Enquirer, National, Goodson Productions, Hollywood Museum, Pillsbury, Entertainment, Hallstrom, Curling Locations: California, San Diego, America, Austin, Texas, Bay, Future Farmers of America, Tahiti, Lincoln, Laurel, West, Los Angeles, Pennington, Paris, Pacific Northwest, Glendale , California, Bradley

☆ The Unsung Warriors of 'the Price Is Right' Who Took on Bob Barker
▼ + stars: | 2024-09-29 | by ( David Kushner | ) www.businessinsider.com time to read: +41 min

As one of the game show's four models known as "Barker's Beauties," Hallstrom had been a morning fixture in millions of homes. To counteract its image, "The Price Is Right" announced that Barker's Beauties would be adding a Black model. "That's exactly how we knew when she started having sex with Barker," Hallstrom says. "If one more thing happens on that set," Barker told him, "fire Holly." Before she left the show, Parkinson told Bradley she'd been fighting a stomach ulcer from all her battles with Barker.

☆ 2 friends quit their healthcare jobs to run a dating-app startup. Here's how they scaled to 60,000 users.
▼ + stars: | 2024-09-04 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

This as-told-to essay is based on a conversation with Julie Griggs and Danielle Dietzek, the founders of the dating app Fourplay. Over 30 guys in the first week told us this was so much fun and a better way to date. And from there, we Googled how to get an app started. And if you keep going, your app is going to totally break." I was still working as a PA and got a text from friends saying to turn on the show.

Persons: Julie Griggs, Danielle Dietzek, Griggs, Julie, Danielle, it's, iMessage, Mark Cuban, I've, We've, they've, we'd, Kelly, Ryan Organizations: Service, YouTube Locations: WhatsApp

☆ Miss USA Pageant Is Being Destroyed by Its Scandals
▼ + stars: | 2024-07-29 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +22 min

AdvertisementAccording to the longtime Miss USA official, the significant shift was ushered in by the former Miss Universe Organization president Paula Shugart, who produced the Miss USA, Miss Teen USA, and Miss Universe pageants from 2001 until 2020. Benjamin Askinas/The Miss Universe OrganizationCheslie Kryst, who won Miss USA in 2019, defended the #MeToo movement during her interview round. It was a remarkably different experience from those of past titleholders like Miss USA 2013 Erin Brady Colagiovanni and Miss Teen USA 2017 Sophia Dominguez-Heithoff. AdvertisementThough they were "brand ambassadors" of the organization, Voigt and Srivastava couldn't even post on the Miss USA and Miss Teen USA social-media pages. Advertisement"I don't know that Miss USA is relevant right now," the longtime Miss USA official said.

Persons: Noelia Voigt, Voigt, Miss Teen USA UmaSofia Srivastava, Crystle Stewart, Stewart, Max Sebrechts, Laylah Rose, We're, we're, Rose, Srivastava, Craig Barritt, Srivastava haven't, they'd, Kansas Haley Berger, Jackeline Voigt, Barbara Srivastava, Barbara, They'd, Jackeline, Srivastava's, Miss Colorado Arianna Lemus, Stephanie Skinner —, Kimberly Nicewonder, Miss Virginia, Paula Miles —, South Carolina —, Rose's, It's, Ryan Miles, Paula, she's, Brian Ach, Miss Rhode, We've, we've, Paula Shugart, Shugart, Amber Hulse, I've, Olivia Culpo, Donald Trump, Benjamin Askinas, Miss Universe Organization Cheslie Kryst, Kára McCullough, Kryst, Hulse, Miss Utah Noelia Voigt, Rachelle di Stasio, Miss Colorado, Lemus, Rachel Slawson, Merissa Underwood, Voigt's, Rose wouldn't, Noelia, Laylah, Claudia Michelle, Chance Yeh, Michelle, Miss USA's, Kimberly Clark, Erin Brady Colagiovanni, Sophia Dominguez, Colagiovanni, Dominguez, Heithoff, Srivastava couldn't, Amanda Jones, Jones, Terkel, — Organizations: Miss, Business, Miss Teen USA, Miss USA, Representatives, Teen USA, Miss Hawaii Savannah Gankiewicz, Miss Teen Virginia, New York, hiTechMODA, Miss Texas, Miss Rhode Island's, Miss Universe Organization, Fox, Miss USA Miss, New York Times, —, Supermodels, Miss Teen, CW Locations: Miss USA, USA, Miss, Miss Virginia, Alabama , Louisiana, North, South Carolina, Miss South Dakota, South Dakota, Utah, America

☆ Joe Arden's voice made him the hottest narrator in romance. Then, a sexting scandal turned BookTok against him.
▼ + stars: | 2024-07-09 | by ( Anna Merlan | ) www.businessinsider.com time to read: +34 min

But there's no denying that a large number of people, mostly women, found Joe Arden's voice to be exceedingly hot: smooth, insistent, husky, occasionally dropping to a seductive growl. Arden's voice made him one of the most popular romance audiobook narrators of his generation. Last year, a promising new romance author reached out to Blue Nose Audio and received a reply from Joe Arden. "My working name of 'Joe Arden,' has always been just that, a professional persona that labeled my career," he added. For good measure, they dug up Cronin's abandoned trademark application for the Joe Arden moniker, first filed in 2020.

Persons: Joe Arden's, Men's, I've, Joe Arden, Joey, Arden, He's, Lauren Blakely, Vi Keeland, Meghan March, Blakely, BookTok, TikTok, Joe, Ardenmania, —, BookTok influencers, who'd, Brynne Weaver, they'd, wasn't, quizzing, Arden she'd, didn't, she'd, Arden's, sexting, he'd, Angela, Aiden Snow, Julie McKay, Blue, James Patrick Cronin, Rice, Cronin, Beatrice Colen, Patrick Cronin, manny, Max Thomas, McKay, Maxine Mitchell, Sean Zanni, Patrick McMullan, Sarah J, Brittanée Nicole, Nicole, Teddy Hamilton, Hamilton, Brynne Weaver's, it's, Brittany Lowry, Kate Stewart's, Arden isn't, pant, Shane East, Paige Reisenfeld, he's, Tor, influencer, you'd, Sean Crisden, Crisden, Maas, Craig Barritt, Arden blowup, voEROS, Arden —, who've, Kathy Haan, Patreon Organizations: Men's Health, Audio Publishers Association, Society of Voice Arts and Sciences, Arden, BI, East Tennessee State University, University of Louisville, Getty, SAG, Texas, GQ, Wired, Yorker, The New York Times Magazine, Times, Publishers, TikTok, Tantor Media, The New York Times, New York Comic Con, Communications Locations: Arden, sexting, gaslighting, TikTok, Los Angeles, East, New York City, York, LA, Audm, Ghostface Gulf, masturbate, Romanceland

☆ Insider Today: Wall Street recruiting hell
▼ + stars: | 2024-06-30 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Become an Insider and start reading now. One senior partner at McKinsey told Business Insider that helping clients use generative AI might become most of the firm's work in the future. Alexsl, Tovovan/Getty Images, Abanti Chowdhury/BIGoogle's Gen Z studyResearchers at Jigsaw, a subsidiary of Google, unearthed alarming findings about Gen Z's internet habits. W6/Getty Images; Jenny Chang-Rodriguez/BIPE "Hunger Games"Private equity's annual recruiting process kicked off earlier than ever this year, sending young bankers into a frenzy.

Persons: —, Jenny Chang, Rodriguez, They're, Goldman Sachs, Ashley Kostial, Taylor Glascock, She's, Alberto Miranda, Pong, It's, Abanti Chowdhury, Gen Z, influencers Organizations: Service, Business, Software, Venture, Consulting, McKinsey, SAP, BI, Aetna, Cognition, NFL, Google, Getty Locations: New York City, America, Silicon Valley

☆ That job you're applying for might be fake
▼ + stars: | 2024-06-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how the next job you apply for might be fake . While employment is still relatively low, sitting at only 4% , the job market is also pretty stagnant. ANDREW CABALLERO-REYNOLDS/AFP via Getty ImagesEven if you find a legitimate job posting, it doesn't get much easier. Workers were also spoiled with the 2021 job market, where candidates named their prices . AdvertisementAnd a fake job posting might be a blessing in disguise.

Persons: —, Charles Schwab, MirageC, Jenny Chang, Rodriguez, Tim Paradis, it's, aren't, ANDREW CABALLERO, REYNOLDS, BI's Alexandra Bacon, Roberto Machado Noa, Tyler Le, Meta isn't, Apple, Mark Zuckerberg's, Mustafa Suleyman, execs, Suleyman, Karén Simonyan, Ricardo Tomás, Gen Z, Ashley Kostial, She's, he's, Julian Assange, Evan Gershkovich, Paris Hilton, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, America, Getty, Workers, BI Citi, Citi, showtime, Nvidia, Meta, Wall Street Journal, Apple, Bloomberg, Investors, SAP, Aetna, Wall Street, The Locations: Hulu, New York, London

☆ An SAP employee reported a workplace sexual assault. Now she's breaking her NDA.
▼ + stars: | 2024-06-25 | by ( Matt Drange | ) www.businessinsider.com time to read: +15 min

"It was harder than the initial assault," Kostial said of being stalked. The Aetna NDA only silenced her about the terms of her settlement, not the sexual assault. Kostial has discussed her situation with Vincent White, a New York city-based lawyer who specializes in workplace NDAs and advises signatories on the risks associated with breaking them. Kostial is fearful that if they wed, her wife's finances could be affected if either SAP or Aetna pursues her for breaking her NDA. AdvertisementWhenever she's seized by anxiety, Kostial reminds herself of how hard she's fought to move past the sexual assault and why she's coming forward.

Persons: —, Ashley Kostial, she'd, She'd, Kostial, abrasions, Aetna, Brad Schleier, Schleier, hadn't, NDAs, Taylor Glascock, Kira, She's, Nina Wasow, Jodi Short, Evan Starr, Morton , Illinois Taylor Glascock, galling, Vincent White, White, Zelda Perkins, Harvey Weinstein's, Julie Macfarlane, she's, Hey Ashley —, he'd Organizations: Service, SAP, Marriott, Business, Ariba, Aetna, Aetna NDA, BI, University of California College of the, San, National Labor Relations Board, University of, Plano Police Department Locations: Plano , Texas, Plano, Phoenix, spokespeople, Aetna, Berkeley , California, California, New York, New, Maryland , New Jersey, New Mexico, But Arizona, San Francisco, NDAs, Morton ,, Oakland, Texas, Arizona, Illinois

☆ Modi is sworn in for a rare third term as India’s prime minister
▼ + stars: | 2024-06-09 | by ( ) www.cnbc.com time to read: +3 min

Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. NEW DELHI — Narendra Modi was sworn in Sunday for a rare third consecutive term as India's prime minister, relying on his coalition partners after his party failed to win a parliamentary majority in a surprise outcome. The 73-year-old popular but polarizing leader is only the second Indian prime minister after Jawaharlal Nehru to retain power for a third five-year term. An avowed Hindu nationalist, the prime minister is considered a champion of the country's Hindu majority, who make up 80% of India's 1.4 billion population. Several South Asian leaders attended the swearing-in ceremony Sunday, including Bangladesh Prime Minister Sheikh Hasina, Sri Lankan President Ranil Wickremesinghe, Nepalese Prime Minister Pushpa Kamal Dahal and Maldives President Mohamed Muizzu.

Persons: Narendra Modi, Modi, Droupadi Murmu, Jawaharlal Nehru, he's, Sheikh Hasina, Ranil Wickremesinghe, Pushpa Kamal Dahal, Mohamed Muizzu, Muizzu Organizations: Indian, Bharatiya Janata Party, BJP, NEW, Modi's National Democratic Alliance, Modi's BJP, Telugu Desam Party, Janata Dal, INDIA, Bangladesh Locations: New Delhi, India, Andhra Pradesh, Bihar, Sri, Maldives, China

☆ Baby naming is big business, with consultants charging up to $10,000 to find the perfect name
▼ + stars: | 2024-06-07 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Now, there are baby naming consultants who rifle through popularity lists, analyze trends, and recommend the right fit for families. There are companies that specialize in baby names, too. AdvertisementCoffield said she knew she could make a living from baby names when she started talking about it on TikTok. She had previously focused on educating women about how to be empowered while giving birth and casually spoke about baby names a few times. The biggest way to build success in the baby naming business is to make sure people find you credible, Coffield said.

Persons: —, influencer Francesca Farago, @francescafarago, ames, earbooks,, ike, ersonal, ake, ince, ure Organizations: Service, Business, Netflix, ust

☆ Indian Prime Minister Modi set to take oath for a third time as allies pledge support
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +2 min

Indian Prime Minister Narendra Modi's National Democratic Alliance (NDA) formally named him on Wednesday to lead a new coalition government for a third straight term, a day after it regained power with a surprisingly slim majority. Indian Prime Minister Narendra Modi's National Democratic Alliance formally named him on Wednesday to lead a new coalition government for a third straight term, a day after it regained power with a surprisingly slim majority. The BJP-led NDA won 293 seats in the 543-member lower house of parliament, more than the simple majority of 272 seats needed to form a government. The INDIA alliance led by Rahul Gandhi's centrist Congress party won 230 seats, more than forecast. Separately, leaders of the INDIA alliance that comprises over two dozen parties also met at the residence of Congress President Mallikarjun Kharge in Delhi.

Persons: Narendra Modi's, Modi, Rahul Gandhi's, Droupadi Murmu, Mallikarjun Kharge, Kharge Organizations: Indian, Narendra Modi's National Democratic Alliance, Bharatiya Janata Party, INDIA, BJP Locations: Indian, Delhi

☆ Analysis: Voters reject Modi’s vision for one-party state in India’s 2024 election
▼ + stars: | 2024-06-05 | by ( Rhea Mogul | ) edition.cnn.com time to read: +7 min

According to most polls, India’s election was a foregone conclusion. Prime Minister Narendra Modi’s right-wing, Hindu-nationalist alliance was expected to secure a supermajority – and with it the power to enact radical change unopposed. To Modi’s critics and opponents, India was on the fast track to becoming a de-facto one-party state. Going into this election, Modi had set a goal of winning 400 seats in the lower house of parliament, or Lok Sabha. The BJP’s inability to secure an outright majority “pricks the bubble of Modi’s authority,” wrote political scientist Pratap Bhanu Mehta Tuesday night.

Persons: Narendra Modi’s, Modi, Bharatiya Janata Party wouldn’t, God, ”, Pratap Bhanu Mehta, “, Jawaharlal Nehru, Ritesh Shukla, Arathi Jerath, India’s, Arvind Kejriwal, Critics, –, ” Mehta, Sanjay Singh, “ Modi, Neelanjan Sircar Organizations: CNN, Bharatiya Janata Party, …, BJP, Aadmi Party, ‘, National Democratic Alliance, Center for Policy Research Locations: India, Lok Sabha, –, Ayodhya, New Delhi, Delhi

☆ Modi thought he would smash the polls. Now he has to answer to a group of kingmakers.
▼ + stars: | 2024-06-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

It's why the election results have been a shocking blow to Modi and the BJP despite them winning. The result was especially humbling for Modi because the NDA was projected to slam-dunk the election with a whopping 400 seats. And with uncertainty hanging over the BJP's hold on power, questions are growing about what India's policies might soon look like. Rossow said that despite Modi extending his influence over key institutions such as the courts, voters are still making their choices count. "This election, even if Prime Minister Modi retains power, shows the power of India's democracy," said Rossow.

Persons: —, Narendra Modi, Modi, trounce, Richard Rossow, Jeff Lande, Lande, Kapil Sharma, isn't, Sharma, Gautam Nair, Rossow Organizations: Service, Bharatiya Janata Party, Business, BJP, National Democratic Alliance, Developmental Inclusive Alliance, Telugu Desam Party, Janata Dal, Bloomberg, India, Studies, Center for Strategic & International, Asia Center, Industry, China's, Atlantic, CSIS, Harvard Locations: India, India's, kingmakers, United States, China

☆ CNBC Daily Open: Roaring Kitty's wealth, Modi's victory
▼ + stars: | 2024-06-05 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

The S&P 500 inched up 0.15% and the Nasdaq Composite did marginally better, up 0.17%. Bath & Body Works was the worst-performing stock on the S&P 500, plunging almost 13% on disappointing guidance. With his 5 million shares of GameStop, if he were to exercise his 120,000 call options at $20 apiece, that would give him an additional 12 million shares — making him the fourth-largest shareholder in the games retailer. [PRO] June highThe S&P 500 will rally to fresh all-time high of 5,500 by the end this month, according to Fundstrat Global Advisors' Tom Lee. With the S&P 500 finishing Monday's trading session at 5,283.40 the forecast calls for upside of 4%.

Persons: Modi, Narendra Modi, Modi's, Keith Gill, Gill, Elon Musk, Tesla, Musk, Tom Lee, CNBC's Pia Singh, what's Organizations: CNBC, Dow Jones, Nasdaq, Body, Treasury, Bharatiya Janata Party, BJP, National Democratic Alliance, GameStop, Nvidia, Federal Reserve, Fundstrat Global Locations: Tesla

☆ Yes, Narendra Modi won again. So what's all the fuss about?
▼ + stars: | 2024-06-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

It's why the election results have been a shocking blow to Modi and the BJP despite them winning. The result was especially humbling for Modi because the NDA was projected to slam-dunk the election with a whopping 400 seats. Should they all ditch Modi for his rivals in the Indian National Developmental Inclusive Alliance, they could oust him from leadership. Rossow said that despite Modi extending his influence over key institutions such as the courts, voters are still making their choices count. "This election, even if Prime Minister Modi retains power, shows the power of India's democracy," said Rossow.

☆ India's stock markets erase $371 billion after ruling BJP falls short of election expectations
▼ + stars: | 2024-06-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

The All India Market Capitalization index , tracked on the Bombay Stock index, lost over 31.06 trillion rupees, or about $371 billion on June 4 alone. India's markets saw their worst one-day loss in about four years as the electoral performance of Prime Minister Narendra Modi's ruling Bharatiya Janata Party fell short of expectations. The BJP-led National Democratic Alliance (NDA) coalition, however, clinched 294 seats, managing to retain the parliamentary majority, crossing the 272 required to form the government. In the previous general election in 2019, the BJP secured 303 seats, and the NDA won 353 seats. A Goldman Sachs report issued early Wednesday said that "even with a reduced majority, we don't think macro stability will be compromised."

Persons: Narendra Modi's, Modi, Goldman Sachs, — Organizations: Bombay Stock Exchange, Bombay, BSE, Bharatiya Janata Party, BJP, National Democratic Alliance, Developmental Inclusive Alliance coalition, Indian National Congress, Goldman Locations: Bombay, Mumbai, India, INDIA, Lok

☆ India kicks off vote counting for the world’s biggest election, with exit polls projecting a Modi victory
▼ + stars: | 2024-06-04 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

Bharatiya Janata Party supporters wearing a hat with Narendra Modi's face during a nomination filing rally by in Kolkata, India on May 10, 2024. India started counting votes for its 2024 general election on Tuesday, with Narendra Modi projected to win a rare third consecutive term as prime minister as per exit polls. Exit polls released on Saturday showed the Bharatiya Janata Party-led National Democratic Alliance was set to win an overwhelming majority, with the NDTV poll of polls pegging the coalition's seats at 365 in the lower house of the parliament. Exit poll projections may not always be accurate. Markets reacted euphorically to exit polls predicting an emphatic victory for the BJP, with key stock benchmarks, the Nifty 50 and the Sensex, gaining more than 3% and hitting record highs on Monday.

Persons: Narendra Modi's, Narendra Modi Organizations: Bharatiya Janata Party, National Democratic Alliance, NDTV, Markets, BJP Locations: Kolkata, India

☆ India elections: Modi declares victory but party faces shock losses in parliament and will need coalition
▼ + stars: | 2024-06-04 | by ( Rhea Mogul | ) edition.cnn.com time to read: +10 min

While final votes are still being tallied, India’s election authority has confirmed that the NDA coalition had secured the majority needed with 272 seats. Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, on June 4. Adnan Abidi/ReutersSupporters of the Bharatiya Janata Party (BJP) celebrate as they learn early election results on June 04, 2024 in Bengaluru, India. Preliminary results also suggest they have chipped away at BJP seats, including in some of the ruling party’s traditional strongholds. “He comes from a poor background and that helps him understands the people of India,” Varanasi BJP president Dileep Patel previously told CNN.

Persons: Narendra Modi, ” Modi, –, Modi, Adnan Abidi, Abhishek Chinnappa, Rahul Gandhi, ”, ‘, ’, thirstily, Rajgopal Kashyap, Nilanjan Mukhopadhyay, Surjeet Singh, Christophe Jaffrelot, Dileep Patel, Sunita Gautam, “ Modi Organizations: New, New Delhi CNN, National Democratic Alliance, NDA, Bharatiya Janata Party, BJP, Indian, Reuters, India’s National, Congress, CNN Locations: New Delhi, tatters, India, Bengaluru, Asia, United States, China, Russia, Washington, Delhi, Moscow, Ukraine, “, Gujarat, ” Varanasi

A woman walks past Bombay Stock Exchange (BSE) office in Mumbai, India, 18 July, 2022. Nurphoto | Nurphoto | Getty ImagesIndia stocks tumbled Tuesday in volatile trading, leading Asia markets lower as the country continued vote counting for its 2024 general election. The Nifty rose more than 20% last year, while the Sensex was up nearly 19% in 2023. Japan's Nikkei 225 fell 0.22% to close at 38,837.46, while the broader Topix ended 0.38% down at 2,787.48. Hong Kong's Hang Seng index was 0.12% higher, while the CSI 300 index added 0.75% to close at 3,615.67.

Persons: Narendra Modi Organizations: Bombay Stock Exchange, Nurphoto, Getty, BSE, BJP, Japan's Nikkei, CSI Locations: Mumbai, India, Asia, Australia

☆ It's all unraveling at OpenAI (again)
▼ + stars: | 2024-06-04 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

In a statement to Business Insider, an OpenAI spokesperson reiterated the company's commitment to safety, highlighting an "anonymous integrity hotline" for employees to voice their concerns and the company's safety and security committee. Safety second (or third)A common theme of the complaints is that, at OpenAI, safety isn't first — growth and profits are. (In a responding op-ed, current OpenAI board members Bret Taylor and Larry Summers defended Altman and the company's safety standards.) "I have been disagreeing with OpenAI leadership about the company's core priorities for quite some time, until we finally reached a breaking point." (Altman and OpenAI said he recused himself from these deals.)

Persons: —, Sam Altman, Daniel Kokotajlo, OpenAI, Altman, Helen Toner, Tasha McCauley, Toner, McCauley, Bret Taylor, Larry Summers, Kokotajlo, Jan Leike, Ilya Sutskever, Leike, Stuart Russell, NDAs, Scarlett Johansson, lawyered, Johansson, " Johansson, I've, Sam Altman — Organizations: Service, New York Times, Business, Times, Twitter, Microsoft, The New York Times, BI, Street, OpenAI, OpenAI's, Apple Locations: OpenAI, Russian, Reddit

☆ India's Narendra Modi declares victory despite election blow
▼ + stars: | 2024-06-04 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

India's Prime Minister Narendra Modi (C) flashes victory sign as he arrives at the Bharatiya Janata Party (BJP) headquarters to celebrate the party's win in country's general election, in New Delhi on June 4, 2024. Indian Prime Minister Narendra Modi declared victory in the country's election late on Tuesday, despite his party looking set to lose its outright majority, leaving him reliant on smaller regional parties. The wider BJP-led National Democratic Alliance (NDA) looks set to win a combined 294 parliamentary seats, according to local media. "People have placed their faith in NDA, for a third consecutive time! This is a historical feat in India's history," Modi said on X as counting was nearing a conclusion.

Persons: Narendra Modi, —, Modi Organizations: India's, Bharatiya Janata Party, BJP, Indian, National Democratic Alliance Locations: New Delhi

India's Prime Minister Narendra Modi flashes victory sign at the Bharatiya Janata Party (BJP) headquarters to celebrate the party's win in country's general election, in New Delhi on June 4, 2024. Completed vote counts by the Election Commission of India showed that Modi's BJP won just 240 seats. India's Parliament has 543 seats, and the party or coalition that wins at least 272 forms the government. Modi's decade-long ruleUnder Modi, India, home to 1.4 billion people, has witnessed robust economic growth. While India has seen robust economic growth under Modi, observers and critics have warned about the country's "democratic decline."

Persons: Narendra Modi, Money Sharma, Modi, Aiyar, CNBC's, Shilan Shah, Shah, Kranthi, Sensex, Samir Kapadia, that's, Malcolm Dorson Organizations: India's, Bharatiya Janata Party, BJP, Afp, Getty, Indian, Modi's BJP, National Democratic Alliance, Developmental Inclusive Alliance, Indian National Congress, Policy Research, Centre, Monitoring, Capital Economics, BSE, WealthMills Securities, Adani, Adani Enterprises, State Bank of India, ICICI Bank, Monetary Fund, India Index, Vogel, Dem, Global, Vogel Group, IMF Locations: New Delhi, India, INDIA, China, Sweden

Search resuls for: "NDA"

25 mentions found