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☆ COP29: Azerbaijan’s leader takes a wrecking ball to climate talks as calls mount for a total ‘overhaul’
▼ + stars: | 2024-11-15 | by ( Angela Dewan | ) edition.cnn.com time to read: +6 min

CNN —From the moment the US election results rolled in, climate leaders knew Donald Trump would be a blow to the COP29 talks in Baku. Amid the chaos, prominent global climate leaders on Friday issued an open letter calling for a “fundamental overhaul” of the entire UN climate process. COP29 marks the third year in a row that the climate talks have been held in either a petrostate, or economy that relies heavily on oil and gas. World leaders and delegates pose for a "family photo" on day two of the COP29 talks. Sean Gallup/Getty ImagesThe geopolitical chaos comes as global climate leaders scramble to find ways to Trump-proof progress so far, as the president-elect has vowed to again pull the US out of the Paris Agreement.

Persons: Donald Trump, Ilham Aliyev, Sandrine Dixson, —, ”, Alex Scott, they’re, ” Aliyev, Aliyev, Agnès, Joseph Borrell, Azerbaijan’s COP29, Joe Biden, Emmanuel Macron, Ursula von der Leyen didn't, Sean Gallup, Trump, Gerardo Werthein, “, Javier Milei’s Organizations: CNN, The, of Rome, United Arab, Getty, New York Times Locations: Baku, United Arab Emirates, Egypt, Italy, Paris, France, Netherlands, New Caledonia, Azerbaijan, Armenia

Republican Bernie Moreno, a Colombian immigrant who became a high-profile Cleveland car dealer, has unseated Sen. Sherrod Brown, D-Ohio, NBC News projects. Republicans flipped another Democratic-held seat in a state Trump carried easily, West Virginia, on Tuesday and were aiming to capture another in Montana. Moreno’s victory also ends, for now, the 50-year political career of Brown, first elected as a state representative in the post-Watergate era. For decades Brown had fashioned himself as an unapologetic liberal and progressive tightly aligned with working-class voters, particularly organized labor. The messaging strategy, rooted in Trump’s Buckeye State popularity, bolstered Moreno even as Brown and the Democrats sought to exploit his shortcomings.

Persons: Bernie Moreno, Sen, Sherrod Brown, Moreno, Donald Trump, Brown, Patrick T, Fallon, Barack Obama, Trump, Joe Biden, Kamala Harris, ”, cringed, ” Nikki Haley Organizations: Cleveland, NBC, U.S . Senate, Republicans, Day, Trump, Getty, North American Free Trade, Republican, NBC News, South, United Nations Locations: Colombian, Ohio, U.S, West Virginia, Montana, Milwaukee, Cleveland, Buckeye, Colombia, Columbus, South Carolina

☆ The 6 best movies to watch on Netflix in November
▼ + stars: | 2024-11-01 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: 1 min

"Maid in Manhattan" (November 1)Jennifer Lopez and Ralph Fiennes in "Maid in Manhattan." Columbia PicturesIf you need peak J.Lo rom-com you can't go wrong with this one. Jennifer Lopez plays a single mother who works at a swanky hotel in Manhattan. There, she catches the eye of a politician (Ralph Fiennes), and a modern-day Cinderella story follows as Lopez is thrust from rags to riches.

Persons: Jennifer Lopez, Ralph Fiennes, Lopez Organizations: Columbia Locations: Manhattan

☆ Francis Ngannou on his return to MMA following the death of his 15-month-old son
▼ + stars: | 2024-10-18 | by ( Patrick Snell | ) edition.cnn.com time to read: +7 min

Ngannou will do so though against a backdrop of unspeakable tragedy following the death earlier this year of his beloved 15-month-old son Kobe. “The best way to pay tribute to him, to honor him, is to do something positive. Cooper Neill/Getty ImagesThis will be the African star’s first MMA fight since 2022. “I’m looking to get back into MMA because, regardless of how I enjoy boxing, I do miss MMA. Francis Ngannou knocks down Tyson Fury during their heavyweight fight at Boulevard Hall on October 28, 2023, in Riyadh, Saudi Arabia.

Persons: Francis Ngannou, Renan Ferreira, “, ” Ngannou, Ferreira, Cooper Neill, Ngannou, Tyson Fury, Fury’s, Anthony Joshua, I’ve, It’s, ”, ” Francis Ngannou, Joel Sagat, –, Stipe Miocic, Justin Setterfield, It’s what’s Organizations: CNN, UFC, Professional Fighters League, CNN Sport, Giants, Washington DC, Getty, Hall, “ Locations: Saudi Arabia, Riyadh, Ngannou, Kobe, Washington, Cameroon, America, Paris, Spain, Gibraltar, AFP, American

☆ Joan of Arc: Why does her image still resonate?
▼ + stars: | 2024-10-15 | by ( Tacita Quinn | ) edition.cnn.com time to read: +8 min

CNN —More than 800 years after her birth, Joan of Arc — a patron saint of France — remains an object of not just historical, but cultural fascination. Humble beginningsOne of five children in a peasant family in Domrémy, in north-eastern France, Joan was born in the year 1412. The Amazonian image of Joan of Arc in armor is perhaps the most recurrent one in popular culture, inspiring thousands, if not hundreds and thousands, of similar depictions. It also provided the inspiration for Carl Theodore Dreyer’s silent film The Passion of Joan of Arc (1928) starring Renée Jeanne Falconetti. She is also a cautionary tale for young women, a brutal warning of the fickle nature of celebrity and a symbol of morality and strength.

Persons: Joan of Arc, we’ve, Chappell, Joan of, Jeanne Friott, Robert Mercier, Baz Luhrmann’s, Fiona Apple, Joe McNally, ” McNally, unapparent, Chloe Sevigny, Zendaya, Joan, Dauphin, King Charles VII, J, Ingres, Dauphin —, ”, Katherine J, Chen, Joan ”, Jules Bastien, Lepage, Alexander McQueen, Arc, Ingrid Bergman, Victor Fleming, Loomis Dean, Eleanor Jackson, “, ” Jackson, Rubens, Rossetti, Milla Jovovich, Charles, King of France, Luc Besson, Carl Theodore Dreyer’s, Renée Jeanne Falconetti, Rayne Fisher, Quann, ” Chappell Roan, Mike Coppola, ” Fisher, …, I’ve, ’, Roan, Sevigny, —, McNally, InStyle, Fındıkoğlu, Joan’s, Emma Corrin, Hari Nef, Chloe Sevigny's, Sara Jaye Weiss, ” Chen Organizations: CNN, Disney, France, Dauphin, British Library, auburn, Gaumont, MTV, Apple, London Fashion Locations: France, Domrémy, Dauphin of France, Hulton, Orléans, French, Loire, Reims, Compiegne

☆ I'm a professional declutterer and think everyone should get rid of things before they move. Here's how to do it.
▼ + stars: | 2024-10-07 | by ( ) www.businessinsider.com time to read: +4 min

Ideally, you'd declutter before you start packing for a move. AdvertisementI'm a professional declutterer and often get asked by clients when they should start decluttering while planning a move. Put 2 boxes out — things you're moving and things you're donatingWhen packing small items, use two boxes: one for the stuff that's going with you and one for the things you'll drop off at the thrift store. If you're agonizing over whether to keep or toss an item, you're allowed to keep it and move on. Related storiesIf you're holding out for money, be realistic about how much you think you can earn by selling your things.

Persons: I'm, —, it's, you've, you'll, It's Organizations: Service, Salvation Army, Technology, Facebook, revel

For decades, Sean “Diddy” Combs presented the image of a wealthy, Black music mogul, one who broke business barriers, threw lavish parties and even created iconic TV moments. But behind the scenes, prosecutors say, was a more sinister picture, with allegations of violence, sex trafficking and severe abuses of power. Sean "Diddy" Combs during a photo shoot to promote a Sean John fragrance in 2016. Casandra Ventura and Sean "Diddy" Combs attend the the Met Gala in New York City on May 7, 2018. Designer Donna Karan, musician Tommy Lee, singer Mariah Carey, host Sean "Diddy" Combs, Star Jones and rapper Reverend Run at "The Real White Party" presented by Combs at his East Hampton, N.Y., estate on Sept. 2, 2007.

Persons: Sean “ Diddy ” Combs, Combs, Tupac, Al Yankovich, Jennifer Lopez, Versace, “, Sean, Diddy, Sean John, Damian Williams, ” Fatima Goss Graves, ” “ Combs, ”, Goss Graves, ” Combs, Casandra, Cassie ” Ventura, Ventura, Dawn Richard, Rodney “, Rod ” Jones, Derrick Lee Cardello, Smith, Casandra Ventura, John Shearer, Oronike Odeleye, Kelly, Odeleye, ’ ” Odeleye, Combs ’, Craig Mack, Faith Evans, ” Richard, Nate Dogg, Snoop Dogg, Sean Combs, Forbes, Laurieann Gibson, ’, Paris Hilton, Leonardo DiCaprio, Mariah Carey, Jay, Oprah, ” Carson, Carson, Black, Donna Karan, Tommy Lee, Star Jones, Bryan Bedder, he’s, Mase, Aubrey O’Day, Danity Kane, O’Day, I’ve Organizations: Bad Boy Records, Penske Media, Getty, U.S, Metropolitan Detention, National Women’s Law, Legal Defense Fund, Hollywood, “, Uptown Records, Bad Boy Entertainment, MTV, University of Virginia, Labor, Paris, White Party, White, Bad, TMZ Locations: New York, Michigan, New York City, Carson, East Hampton, N.Y

☆ Trump's crypto allies boast lavish lifestyles amid trail of debts
▼ + stars: | 2024-09-19 | by ( Katherine Long | ) www.businessinsider.com time to read: +7 min

Three of Trump's children are employees of World Liberty Financial, including his 18-year-old son Barron, who CoinDesk reported holds the title of "DeFi visionary" at the company. World Liberty Financial's spokesperson, Jim Redner, told BI he has "no information." Both were involved in a project called Dough Finance, whose source code appears remarkably similar to that of World Liberty Financial, Coindesk reported. It's still unclear when World Liberty Financial will begin allowing investors to purchase its tokens. "Attention community: Please be aware of scams and fake tokens," World Liberty Financial posted on Telegram last month.

Persons: —, Donald Trump, Trump, Zachary Folkman, Chase Herro, Crypto, he's, Barron, CoinDesk, Herro, they've, Folkman, Jim Redner, I've, Redner, he'd, JPMorgan Chase, Folkman's, Zack Bauer, AmEx, Coindesk Organizations: Service, Liberty, U.S ., Business, Trump, World Liberty, Facebook, Ritz Carlton, Virgin Islands, Liberty Financial's, JPMorgan, Bloomberg, American Express, Finance, Dough Finance, Liberty Financial Locations: Greenwich Village, Caribbean, Puerto Rico, California , New York, Virgin, Los Angeles, San Diego, California

Pop star Demi Lovato is asking her fellow former child stars a tough question: Is the price of fame worth your childhood? In “Child Star,” which debuted Tuesday on Hulu, Lovato interviews fellow celebrities who grew up in the limelight about the highs and lows of fame at a young age. “Child Star” also promises an “intimate look” at child stardom.” Here’s what the actors said about how fame affected them. She also said the amount of work child actors get can depend on how “easy” children and their parents appear. They created a podcast called “Dear Hollywood” analyzing the effect of fame on child development.

Persons: Demi Lovato, Lovato, Drew Barrymore, Christina Ricci, Kenan Thompson, JoJo Siwa, Alyson Stoner, Dan Schneider’s, ”, Nicola Marsh, “ Barney, ” —, Rock ”, Sonny, ” Lovato, “, Demi Lovato’s, Disney Lovato, Nobody, Stoner, Symoné, Thompson, ’ Thompson, Burger, “ Kenan, Kel, “ It’s, ” Thompson, didn’t, Ricci, “ Casper ”, ” Ricci, Cher, Barrymore, “ E.T, Steven Spielberg, ” Barrymore, ” Stoner, Missy Elliott’s, Zack, Cody, Phineas, Ferb, Raven, They’re, ” Siwa, Siwa, JoJo Organizations: Hulu, Kids, Nickelodeon, Apple, Showtime, Disney, Rock, Disney Channel, Protection, “, Black Locations: Europe, Omaha , Nebraska

☆ Saudi Arabia just stepped up plans to court the world's AI leaders to its desert kingdom
▼ + stars: | 2024-09-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

In recent months, Saudi Arabia has hosted a flurry of high-profile events, leaders, and dealmaking from the AI world. This year's showcase featured speakers from top AI companies in the West, such as Nvidia, Qualcomm, Google, Microsoft, and OpenAI rival Cohere. Saudi Aramco is working with AI startup Groq to build a new data center in Saudi Arabia. For Saudi Arabia, AI doesn't just present the chance to bet big on tech's latest hype train. Saudi Arabia generated a similar amount of hype around its AI ambitions in March when it held its LEAP conference.

Persons: —, Mohammed bin Salman, Cohere, Saudi Aramco —, Hamad, Mohammed Groq, Groq, Jonathan Ross, doesn't, Adam Selipsky, Arvind Krishna, Abdullah Alswaha, PIF, A16z, Marc Andreessen, Ben Horowitz Organizations: Service, Saudi Arabia's, Business, Global AI, Nvidia, Qualcomm, Google, Microsoft, BlackRock, Cisco, Public Investment Fund, Amazon Web, IBM, Saudi, New York Times, Silicon Locations: Saudi Arabia, Saudi Aramco, Bay

☆ TJX, Costco and Best Buy stocks are an embarrassment of riches
▼ + stars: | 2024-09-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +2 min

We have an embarrassment of riches when we look at TJX Companies and Costco in terms of just flat-out value — and a dicey one, admittedly, in Best Buy , which I think has turned an important corner. Costco Research firm Redburn downgraded Costco this week, which made me want to downgrade Redburn. But Costco stock has never been cheap. It was just a one-off thing but I think that Best Buy has worked its way into the conversation after its last quarter. (Jim Cramer's Charitable Trust is long TJX, COST, BBY, AAPL.

Persons: Jeff Marks, Jim Cramer's, Jim Cramer, Jim Organizations: TJX Companies, Costco, TJX, Costco Research, Redburn, Club, Apple Intelligence, Apple, Federal Reserve, CNBC Locations: Maxx

☆ The plot to topple Putin
▼ + stars: | 2024-09-09 | by ( Paul Starobin | ) www.businessinsider.com time to read: +32 min

But it was only when Putin launched his full-scale invasion of Ukraine , in 2022, that Ammosov began to plot the overthrow of his homeland. As I found in months of wide-ranging interviews, everyone aspiring to a new Russian revolution grasps the seemingly impossible odds of their bid to topple Putin. Ponomarev — who was profiled last year in The Washington Post under the headline "Could this man bring down Putin?" Most applicants live in Russia, Sokolov tells me, but submissions have come from as far away as Uruguay. "I know a lot of good officers" in the CIA, Ponomarev told me, who "sympathize" with the anti-Putin insurgency.

Persons: Vladislav Ammosov, Ukraine —, Ammosov, wondrously, Vladimir Putin, Putin, Simona Supino, Alexey Navalny —, Ilya Ponomarev, Ponomarev —, —, Sean Guillory, Denis Sokolov, Sokolov, Galina Starovoytova, Anastasia Sergeeva, Sergeeva, Valter, Putin —, Tatiana Kosinova, Yelena Bonner, Itil, Boris Nemtsov, Nemtsov, Vladimir Lenin, specter, NurPhoto, Lenin, Leon Trotsky, Mao Zedong, Fidel Castro, Boris Akunin, Ponomarev, Trotsky, Mao, Castro, Alexei Sobchenko, Sergei Chuzavkov, Ilya Ponomarev Ponomarev, Michał Kamiński, Kosinova, Pavel Ivanovich Chichikov, Nikolai Gogol's, . Barnum, Bernie, Madoff, Donald, Leonid Nevzlin, Mikhail Khodorkovsky, Navalny, King George III, Khodorkovsky, Garry Kasparov, Putin's, Andrey Volna, Brian Fitzpatrick, Charlie Wilson's, Tom Hanks, Philip Seymour Hoffman, Daniel Fried, William Burns, Fried, Biden, We're, Evgenia, it's Organizations: Putin, Ukrainian, Russian Federation, The Washington Post, University of Pittsburgh, Civic Council, Kennan, Wilson Center, GRU, Russia, BI, International Republican Institute, CIA, Kremlin, Russian, Memorial, Soviet Union, of America, Civic, Ukraine's Ministry of Defense, Russian Volunteer Corps, European, Human Rights, Siberian Battalion, Ammosov, Ukrainian Armed Forces, Putin's Defense Ministry, True, Bolsheviks, of Russia Legion, People's Deputies, State Department, Justice Department, Polish Senate, Trump University, Trump, Khodorkovsky, FBI, Intelligence, Senate, Ukrainian Security Services, Bolshevik Locations: Siberia, Russia, Warsaw, Poland, Ukraine, Sakha, India, Putin Russia, Russian, Kyiv, The, restive North Caucasus, Washington, Soviet Union, Moscow, WhatsApp, Ukrainian, Soviet, Crimean, USSR, Europe, Uruguay, Armenia, Georgia, Kazakhstan, America, Canada, Great Britain, Germany, Australia, Belgorod, Kursk, Kremlin, China, Cuba, True Russia, Ponomarev, Northern Virginia, Polish, ., Lviv, Yukos, London, Pennsylvania, Texas, Afghanistan, Putin Russian, Tallinn, Estonia

☆ Insider Today: Undercover millionaires
▼ + stars: | 2024-09-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

This story is available exclusively to Business Insider subscribers. AdvertisementIn fact, Business Insider spoke with several millionaires who achieved their riches without using get-rich-quick tricks. Matt Harrison Clough for BITo banner, or not to bannerThe LinkedIn Open to Work banner makes some job seekers feel embarrassed. Amazon, Tyler Le/BIAmazon's AI conundrumAmazon's big new AI product is off to a rocky start. AdvertisementMessages and an internal memo seen by Business Insider show AWS employees raising concerns about the AI chatbot's performance.

Persons: —, Kevin O'Leary, Jim Harbaugh, Will Aaron Rodgers, that's, it's, Natalie Ammari, aren't, Matt Harrison Clough, Tyler Le, Jenny Chang, Rodriguez, Hemant Taneja, Commure, Steve Eisman Organizations: Service, Business, NFL, Kansas City Chiefs, Los Angeles Chargers, University of Michigan, New York Jets, Netflix, ESPN Bet, BI, Fidelity Locations: New York

Chase Bank said it was reviewing incidents of individuals who may have participated in an online check fraud "glitch" trend and referring them to law enforcement authorities. In fact, the meme was prompting users to commit check fraud by requesting cash they didn't have after depositing a phony check for the amount they were seeking. Criminal statutes on the severity of punishment for instances of check fraud vary by state. In California, misdemeanor check fraud charges can carry a one-year prison term plus financial penalties. In New York, misdemeanor check fraud can entail up to three months in jail and a fine.

Organizations: Chase Bank, Chase, Wall Street, NBC Locations: TikTok, In California, New York

Mr. Pierce wanted to show off a property that he described as “the most important passion in my life”: a once-glamorous beachside resort that he had recently bought for more than $15 million. In its heyday, the resort, a W Hotel, boasted a 6,000-square-foot spa, restaurants run by a Michelin-starred chef and sweeping views of the ocean; it was a key source of tourism jobs in Vieques. Then, in 2017, the hotel was damaged by Hurricane Maria, forcing it to close. Mr. Pierce planned to reopen it, using his crypto riches to revitalize both the glistening property and the local economy. A former child actor, Mr. Pierce knew how to put on a show.

Persons: Brock Pierce, Pierce, Hurricane Maria Organizations: Michelin Locations: Vieques, Puerto Rico

☆ A boomer lives on $1,800 monthly in Social Security and worries about her future: 'What am I going to do?'
▼ + stars: | 2024-08-07 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Miller lives on about $1,800 a month in Social Security income, according to documents viewed by Business Insider. AdvertisementSince she began receiving Social Security several years ago, Miller has been doing her best to live on a fixed income. She said she can afford most of the healthcare she needs through Medicare, the federal health insurance that's typically attached to Social Security. Are you living on a fixed Social Security income? How have you made the decision to enroll in Social Security early or late?

Persons: Ann Miller, Lizzy Rocket —, Miller, She's, —, she's, that's, hasn't, There's, Lizzy, I've Organizations: Service, Business, Social Security, Survey, SNAP, Medicare Locations: Ellensburg , Washington, Seattle

☆ How much money Olympic athletes earn when they win medals
▼ + stars: | 2024-08-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +1 min

Olympic athletes who win a medal receive a wide range of financial prizes. US Olympians receive $37,500 for a gold medal, $22,500 for a silver, and $15,000 for a bronze. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . While the International Olympic Committee doesn't hand out money to athletes who medal in their respective events, many countries across the globe provide compensation to athletes for reaching the podium.

Persons: — Organizations: Hong Kong, Service, International, Business

☆ Opinion | The Stock Market Dropped, but Don’t Freak Out
▼ + stars: | 2024-08-05 | by ( Peter Coy | ) www.nytimes.com time to read: 1 min

The secret to making money in the stock market is to buy low and sell high. Not buy high and sell low. So loading up on stocks when the market is breaking records and then dumping them when something bad happens is not the road to riches. Yet that’s exactly what a lot of investors are undoubtedly doing, or contemplating, right now. I typed “Should I” into the Google search bar on Monday and the first autocomplete choice was “Should I sell my stocks now?” The third choice was “Should I sell my stocks?”In between, by the way, was “Should I buy Nvidia stock?” Apparently, there are still some optimists out there.

Organizations: Nvidia

☆ A former PepsiCo exec sued the company for saying that he didn't invent Flamin' Hot Cheetos while working as a janitor
▼ + stars: | 2024-07-30 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Read previewA former executive at PepsiCo has sued the company, claiming he should get credit for being the brains behind Flamin' Hot Cheetos. He published a memoir in 2021, and his life story was made into the film "Flamin' Hot" in 2023. Enrico liked the idea so much that he ordered PepsiCo to start making spicy Cheetos, the lawsuit says. AdvertisementPepsiCo launched nationwide sales of Flamin' Hot Cheetos in 1992. AdvertisementIn a later statement, a spokesperson for PepsiCo told Variety that it attributed the launch and success of Flamin' Hot Cheetos "and other products" to several people, including Montañez.

Persons: —, Flamin, Richard Montañez, Montañez, Lay, Richard, Roger Enrico, Enrico, Montañez's, didn't, PepsiCo's Organizations: Service, PepsiCo, Business, Angeles Times, Frito, Walmart, Target, Harvard University, Los Angeles Times, Lay, Times, Midwest, The Times, Variety Locations: Rancho Cucamonga , California, Texas, Mexican

☆ These homeowners are ‘hacking’ their pools and lawns to earn extra cash
▼ + stars: | 2024-07-29 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

Now, newer offerings allow homeowners to rent out portions of their homes on an even shorter-term basis, often by the hour. One of these platforms is Swimply, an online marketplace for private pool rentals that launched in 2020, just as the pandemic halted travel and more people looked to get their kicks locally. Peer-to-peer rental marketplaces of all kinds have popped up: RentMyCourt (private tennis and pickleball court rentals), SniffSpot (backyard rentals for dogs), CurbFlip (driveway and parking space rentals) and Vanly (driveway and shower rentals for people traveling in camper vans or RVs). Younger homebuyers are keenly aware of the opportunity to offset their expenses with extra cash. While the extra income is a focus for many homeowners, some participating in this budding industry say they’ve found something unexpected: community.

Persons: Alexis Hammond, ” Hammond, Hammond, she’s, it’s, Kellie Finch, Michael Kukuk, Kukuk, “, ” Swimply, ” Derek Callow, homebuyers, Peerspace, Rony Chammas, they’ve, Leslie Garabedian's, Stevie, Eddie, Leslie Garabedian Leslie Garabedian, West, ”, Garabedian, ” Garabedian Organizations: CNN, Baltimore, Baltimore Ravens, SniffSpot Locations: Peerspace, Houston, West Caldwell , New Jersey

☆ We rented our house on Airbnb for 15 years. It was so much work that we had to stop.
▼ + stars: | 2024-07-27 | by ( Dana Mcmahan | ) www.businessinsider.com time to read: +6 min

Renting your home to strangers for money wasn't even on the horizon when my husband and I bought our first house almost 20 years ago. I thought renting our house to race-goers would be an easy way to make a quick paycheck. We were early Airbnb adoptersIt didn't go well at first, though, with our first guests writing us a bad check. Courtesy of the auhorAlthough it's commonplace now, in those early days, friends thought we'd lost it when we let strangers stay in our house. A beautiful house that just needed some work, with a third floor guest suite and a carriage house, it had tons of potential as a short-term rental rental.

Persons: wasn't, Airbnb, we'd, Vertigo, COVID didn't, we're, aren't, it's, Diane Deaton, who's, It's, I've Organizations: Service, Kentucky Derby, Business, Realtors, House Locations: Louisville , Kentucky, Vertigo Louisville, Detroit, Louisville

☆ The AI hype train is still running at full tilt — just don't ask where the profits are
▼ + stars: | 2024-07-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

pic.twitter.com/0licQGfphn — Mustafa Suleyman (@mustafasuleyman) October 20, 2023Expectations for the AI boom to generate serious money are absurdly high, then, which helps explain why the hype train for the technology is still running at full tilt. AdvertisementThat was probably hard for investors to hear given AI has pushed Google to spend more. Similar questions around the gap between returns and hype have shown themselves this week in startup land, too. Toronto-based AI startup Cohere, founded by ex-Googlers in 2019, announced a fresh funding round of $500 million on Monday, putting its valuation at about $5.5 billion. Last year, veteran venture capitalist Vinod Khosla suggested most startups were overvalued and that most investments in AI "will lose money."

Persons: —, Mustafa Suleyman, — Mustafa Suleyman, Sundar Pichai, Philipp Schindler, Katherine Tangalakis, Lippert, Pichai, Cohere, It's, Harvey —, Winston Weinberg, Gabriel Pereyra —, Harvey, Vinod Khosla Organizations: Service, Business, Google, Microsoft, BI, Google Ventures Locations: California, Toronto, Cohere

☆ 65-year-old CEO turned at least 88% of his employees into millionaires after selling his company for $70 million
▼ + stars: | 2024-07-24 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

When Jay Chaudhry sold his first company for $70 million, he focused less on his own riches, he says — and more on how the deal could turn dozens of his employees into millionaires. Chaudhry, 65, is known today as the billionaire founder and CEO of Zscaler, a cloud cybersecurity firm valued at roughly $28 billion, as of Wednesday afternoon. Nearly two years after the deal closed, as VeriSign's stock price soared, more than 70 of SecureIT's 80 employees "on paper, were millionaires," Chaudhry tells CNBC Make It. "People were going crazy in the company, because they had never thought of so much money," he says. The bubble burst later that year, and VeriSign's stock lost roughly 75% off that high point at the end of 2000, sinking to a low of nearly $4 in 2002.

Persons: Jay Chaudhry, Chaudhry, Jyoti Organizations: CNBC

☆ Elon Musk is probably getting a little nervous
▼ + stars: | 2024-07-24 | by ( Katherine Tangalakis-Lippert | Hannah Getahun | ) 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. Read previewTesla on Tuesday had a lackluster earnings report that revealed the electric vehicle maker once again missed investor expectations. And Elon Musk is probably a little nervous. Advertisement"I want to be clear that was in Tesla's interest, not contrary to Tesla's interest," Musk said. In Q2 earnings, Tesla reported a 7% decrease in year-over-year automotive revenue, which contributed to the company's diminished profits.

Persons: —, Tesla, Elon Musk, Musk, xAI, Gene Munster, Dan Coatsworth, AJ Bell, Musk's, doesn't, Coatsworth Organizations: Service, Business, Deepwater Asset Management, CNBC, Tesla, Reuters

CNN —With President Joe Biden’s support unleashing a flood of endorsements from many prominent Democrats across the country, Kamala Harris has emerged as the favorite to take his place as the party’s nominee for president. The campaign formally amended filings with the Federal Election Commission to rename its principal committee and declare Harris a candidate for president. Cooper previously waved off speculation that he might be on the shortlist for vice presidential nominees if Biden steps aside and Harris becomes the nominee. “Are you at least open to the possibility of being a running mate to Vice President Harris?,” Beshear was asked on MSNBC Monday morning. “I’m not going anywhere.”Whitmer, first elected governor in 2018, emerged as a prominent executive during the height of the Covid-19 pandemic.

Persons: Joe Biden’s, Kamala Harris, Harris, Biden, Roy Cooper, Josh Shapiro, Arizona Sen, Mark Kelly, Jeff Zeleny, Shapiro, ”, Barack Obama, Donald Trump, Corey Comperatore, Trump, “ Corey, Corey, ” Shapiro, ” Roy Cooper, “, Cooper, ” Cooper, Mark Kelly Arizona Sen, Gabby Giffords, Kelly, Katie Hobbs, Andy Beshear, Beshear, ” Beshear, He’s, Steve Beshear, J.B, J.B . Pritzker, Pritzker, Wade, Chicago Mayor Brandon Johnson, Pete Buttigieg, It’s, Buttigieg, Mike Pence, Vance, Bill Maher ”, ” Vance, ” Buttigieg, Gretchen Whitmer, “ I’m, ” Whitmer, Whitmer, She’s, That’s, Abby Phillip, who’s, ” Gavin Newsom California, Gavin Newsom, Ron DeSantis, X, Donald Trump’s, @KamalaHarris, Newsom, CNN’s Tami Luhby, Ethan Cohen, Jasmine Wright, Devan Cole, Gregory Krieg, Edward, Isaac Dovere, Dan Merica Organizations: CNN, Democratic, Federal, Commission, Democratic National Convention, North Carolina Gov, Arizona, Democrats, ” CNN, ” Roy Cooper North Carolina Gov, Republicans, Republican, Biden, North Carolina House of, North, Democratic Party, MSNBC, Senate, GOP, Affordable, Pritzker, Pritzker Illinois Gov, South, Chicago Mayor, White, Transportation Department, Fox News, Yale Law School, Harvard, Trump Republican, Gov, Detroit News, Trump, Golden, Electoral College Locations: Chicago, Pennsylvania, Philadelphia, Butler , Pennsylvania, America, North Carolina, Raleigh, Andy Beshear Kentucky, Bluegrass, Kentucky, Pritzker Illinois, Midwest, South Bend , Indiana, Afghanistan, East Palestine , Ohio, Michigan, Covid, Napa, San Francisco

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