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Rather than building an entirely new vessel, it was decided to modify medium-sized landing ships (classified as LSMs for 'Landing Ship Medium'). Officially renamed USS White River in 1955, the ship was decommissioned again in 1956. A day after that, White River fired on a nearby VC anti-aircraft site, destroying it and killing or wounding 11 guerillas. Winstead/National ArchivesFuture shore bombardment and LSMsDespite its value and firepower, by 1970, White River was showing its age. Now known as the Medium Landing Ship program, the Navy hopes to acquire 18 to 35 of the vessels.
Persons: , White, Cmdr, Roy E, McCoy, Chris Page, we'd, R.E, Winstead, USS Zumwalt, hasn't, they're, Benjamin Brimelow Organizations: Service, US Defense Department, Business, Navy, US Navy, USS, National Archives ', Archives, Atlantic Reserve Fleet, Pacific Fleet, Pacific Reserve Fleet, South Vietnamese Army, Archives Future, Naval, AGS, Marine Corps, Operations, Corps, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Ukraine, White, beachheads, Pacific, Africa, Europe, Plaines, California, Japan, LSMR, Ch'o, Korean, San Diego, Vietnam, South, Ngãi Province, South Vietnam, Cambodian, Gulf, Thailand, Delta, Viet, Quảng Ngãi, Phuoc Tuy Province, Missouri, West
There are 4.2 billion social media users around the world, according to linking tool company Linktree's 2022 Creator Report. Williams has been a full-time creator since quitting her previous job as a data analyst in 2022. Williams usually starts working around 8 a.m., including emails, video editing and planning content. Their Facebook page has 5.7 million followers, their TikTok has 6.1 million followers and their YouTube page has 634,000 followers. There's not a single content creator I've ever talked to that hasn't dealt with online abuse."
Persons: they're, Victoria Bachan, Taylor Lorenz, it's, Hannah Williams, Williams, Caroline Lasher, Lasher, She'll, videographer, she'll, Leslie Mosier, Doug, Pug, Lorenz, There's, I've, hasn't, She's, she's Organizations: Whalar, NeoReach
As one VC partner told Business Insider at the time: "Sam is bigger than Taylor Swift." But the bigger you are, the faster the fall, and a few months later, things began to unravel. Others simply said Altman was overhyped, that he didn't have all the answers that the public and investors seemed to expect of him. Thanks to good old-fashioned capitalism, Altman and OpenAI have enjoyed business win after win and held their positions as the leaders in the aggressive AI race. "I thought Sam Altman did a really good job in the special," she told The Washington Post in a discussion about her TV program on artificial intelligence.
Persons: , Sam Altman, Taylor Swift, Altman, Oscar, Scarlett Johansson, Johansson, Ilya Sutskever, Jan Leike, Leike, Anthropic —, Greg Brockman, OpenAI, Siri, Goldman Sachs, OpenAI fanboys, Wharton, Ethan Mollick, Anderson Cooper, Josh Kushner —, Oprah Winfrey Organizations: Service, OpenAI, Business, , Leike, Apple, Microsoft, Nvidia, tech's, o1, Washington Locations: OpenAI —, Valley
Trump even muddled the most basic attack on connecting Harris to Biden, claiming at one point that Biden "hates" his own vice president. Trump, an acolyte of Roy Cohn, forgot the controversial lawyer's most famous adage to "Attack, Attack, Attack" when he needed it the most. And as he did, all night, Trump took the bait, spending the first part of his rebuttal defending the money his father gave him. Harris continues to have a slight lead in the major national polling averages, but the race remains even closer in key swing states. After reversing himself many times, Trump declared before the weekend that he would not debate Harris again.
Persons: , Donald Trump, Kamala Harris, Trump, Harris, Joe Biden's, isn't, Sen, JD Vance, Vance, Abraham, Lindsey Graham, Biden, Mike Pence, Bush, Karl Rove, Roy Cohn, Hunter, Joe Biden, you've, Tim Walz, Walz, Doug Emhoff, Gwen Walz Organizations: Service, Business, Trump, Republican, New York Times, Publicly, Abraham Accords, Politico, The New York Times, Ivy League, Wharton School of Finance, White House, Democratic, Biden Locations: United States, Harris, Ukraine, Ohio, Siena, North Carolina, Michigan, Wisconsin, Minnesota, Nevada , Arizona, Florida, Georgia , New Hampshire, Maine, Arizona
Kate Conger and Ryan Mac are the authors of "Character Limit: How Elon Musk Detroyed Twitter." AdvertisementKatie Notopoulos: You've both reported on Elon Musk and his companies for a long time. Notopoulos: Everyone's talking about "Founder Mode" lately, the idea of running a company like it's still in its early days instead of scaling to "manager mode." Musk comes in and wants to go "extremely hardcore," his version of Founder Mode, but it hasn't really worked out. [Business Insider first reported the news that Elon Musk had twins with Zilis, an executive at Neuralink.]
Persons: you've, Twitter —, Kate Conger, Ryan Mac, Elon, Elon Musk, Conger, Mac, Katie Notopoulos, You've, Musk, Jack Dorsey, hasn't, he's, JJ Geiger, , It's, Grimes, Shivon, Alice Zilis, Valkyrie, Claire Boucher, Jesus Organizations: Service, Elon, Twitter, The New York Times, Business, SpaceX, Tesla, Penguin Press, Street, Neuralink Locations: Elon Musk's, Conger
Read previewTwo major players — Tesla and Waymo — are battling for dominance in the driverless tech sector. "I think that Tesla has a software problem, and I think Waymo has a hardware problem, is the way I put it — and I think software problems are much easier." AdvertisementHe viewed Tesla as a "pioneer" in using machine learning for its autonomous driving software. But he also argued that Tesla's autonomous hardware hasn't solved the driverless equation. Waymo, on the other hand, produces an autonomous driving system capable of eliminating a human driver.
Persons: , — Tesla, Waymo, Tesla, Andrej Karpathy, I'm, Karpathy, it's, Dan O'Dowd, Elon, Musk's, Kevin Chen, Chen, they're, you've Organizations: Service, Business, EV, The, Elon Musk's Locations: San Francisco , Los Angeles, Phoenix, Austin, who's, San Francisco
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That's the code name that Elon Musk's security team uses to refers to him, The New York Times reported as part of an investigation into the Tesla CEO's protective services. This story is available exclusively to Business Insider subscribers. AdvertisementIn 2022, Business Insider revealed that Musk secretly bought a house after his former address became public knowledge. Related storiesA Tesla SEC filing revealed that Musk's security company billed the company $2.4 million in 2023 and another $500,000 through February 2024, representing just a portion of Musk's total security expenses.
Persons: , Musk, He's, Errol, Mark Zuckerberg's, Tim, Tesla, Zachary Kirkhorn Organizations: Service, NASA, Elon, New York Times, Business, Times, SEC, Errol's, Apple, Tesla's Locations: bitcoin, Nevada, Texas
Traders on the New York Stock Exchange floor on Sept. 9, 2024. Spencer Platt | Getty Images News | Getty ImagesSeptember historically hasn't been kind to stock investors. September is the only month during that nearly century-long period in which investors experienced an average loss, according to Morningstar. Trying to time the market is a losing betAlistair Berg | Digitalvision | Getty ImagesInvestors holding their money in stocks for the long-term shouldn't bail, Yoder said. Don't put faith in market maximsSimilarly, investors shouldn't necessarily accept market maxims as truisms, experts said.
Persons: Spencer Platt, Morningstar, Abby Yoder, Yoder, Alistair Berg, Digitalvision, Edward McQuarrie, McQuarrie, couldn't, J.P Morgan Organizations: New York Stock, Getty, Morningstar Direct, Finance, Morgan Private Bank, Investors, Santa Clara University, Fidelity Investments, Federal Reserve, Investor, Mutual Locations: U.S, Wells, New York City, New York
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Last Friday, the August employment report showed the number of jobs added was lower than expected but higher than the previous month. Wednesday's CPI report showed the lowest 12-month inflation rate in two-and-a-half years. In short, the data hasn't cleared up whether the Fed will cut by 25 or 50 basis points. They think there's a 57% chance of a 25 point cut and 43% of a 50 point one, according to the CME FedWatch tool.
Persons: Stefani Reynolds, We've, Wednesday's, Jeff Cox, Pia Singh, Sarah Min Organizations: Eccles Federal Reserve, Bloomberg, CNBC, U.S . Federal Reserve, PPI Locations: Washington ,
Yesterday, I got to my desk, ready to put the last touches on the book I'm writing with my friend Clifton Jones, who is in prison in Florida and goes by the name "Too Tall." I'm not that mom who heads to the pediatrician the second my kid complains. Even when I carve out time for work, the universe has other plansFor a second, I considered sending her there alone. I really thought I'd be ready to push my firstborn out the door, but it turns out I'm not that mom, after all. He's ready, I know that, but I'm still sad he's leaving.
Persons: Clifton Jones, texted, hadn't, I'm, It's, puffy, Bond, he's, I've, Allison Langer, it's, he'd, I'd, We're, Fleisher Organizations: Service, Business, Walgreens, Nice Locations: Florida, Hood River , Oregon
AGI is a distance awayOpenAI's new o1 models make improvements in the ability of AI models to reason. AdvertisementIn some ways, the o1 models do enter OpenAI into a new paradigm. pic.twitter.com/niqRO9hhg1 — Noam Brown (@polynoamial) September 12, 2024Where previous AI models were bottlenecked by the data fed to them during the "pre-training" phase, Brown wrote, o1 models showed that "we can now scale inference". Related storiesJim Fan, a senior research scientist at Nvidia, noted that the technicalities underlying this are what have helped make this fundamental breakthrough of OpenAI's o1 models possible. Uncertainty hovers over how o1 models will perform more broadly.
Persons: , OpenAI, Sam Altman, Noam Brown, niqRO9hhg1 — Noam Brown, Brown, Jim Fan, Fan, Altman, Will Depue, — Sam Altman, Ethan Mollick, it's Organizations: Service, Business, o1, International, pretraining, Nvidia, OpenAI's o1, Wharton Locations: San Francisco
Read previewEarlier this week, Kendrick Lamar was confirmed as the headliner for the next Super Bowl halftime show. AdvertisementMany hip-hop fans had hoped that Lousiana native Lil Wayne would be the chosen headliner — a hope that Lil Wayne said he shared. Here's a breakdown of the controversy's key points and everything you need to know about the Lamar vs. Wayne debate. Lil Wayne, Nicki Minaj, and Drake at the 2017 Billboard Music Awards. LIL WAYNE!!!!!!!!!!
Persons: , Kendrick Lamar, Lamar, Drake, Lil Wayne, I'm, Wayne, Lamar hasn't, Critics, Wayne hasn't, Jay, Uzi, Lil Yachty, Ty Dolla, Nicki Minaj, Minaj, Kevin Mazur, Dre, Cam'ron, Wayne —, Nicki, LIL WAYNE, Nola what's, Johnny Nunez, Mike Freeman, Roc, Z, Z's, Joe, Fabolous, Roger Goodells Organizations: Service, Business, Lamar, Future, Metro Boomin, NFL, ign, Young Money Entertainment, Money Records, ppl, SoFi, West, Entertainment, Birdman, Cash, Wayne, BIRDMAN, The Recording, USA, Young, NPR, Jay Locations: New Orleans, Lamar, Los Angeles, Compton , California, City of New Orleans, Atlanta, Las Vegas
Musk is the owner of X, the social media platform formerly known as X. Aytug Can Sencar | Anadolu | Getty ImagesLONDON — The U.K. government has had "constructive" talks with Elon Musk's social media site X over the spread of misinformation and other harmful content, technology minister Peter Kyle told CNBC Friday. Multiple social media users at the time spread false information about the alleged perpetrator, who has since been charged with murder and attempted murder, claiming he was an asylum seeker. The minister also told CNBC he is assessing whether he needs additional powers to regulate social media companies over the dissemination of harmful content online. A government spokesperson told CNBC earlier this year that its "immediate focus is getting the Online Safety Act implemented quickly and effectively." However, this spokesperson added, "our message to social media companies remains clear: There is no need to wait — you can and should take immediate action to protect your users."
Persons: Elon Musk, Peter Kyle, Kyle, CNBC's, hasn't, Musk, Taylor Swift, Keir Starmer, Keir, Dawn Butler, Chi Onwurah, Labour's Kyle Organizations: Anadolu, Getty, Elon, CNBC, Citizens, Financial Times, Labour, SpaceX, Ofcom, OSA Locations: United Kingdom, England
I grew up working class and learned good work ethic from my parents. The novelty of cap erasers and Airheads from the school store wore off fast, and money didn't have much luster. In our part of Wisconsin, with its German roots and farm families, work ethic is our moral code. What 'good work ethic' means for your financesBecause it's in my DNA, I can't help but see a strong work ethic as a virtue. What I wish I'd learned about money earlierI'll always be grateful for the work ethic I learned from my parents ... and I wish I'd gotten the nuances of money a bit earlier in life.
Persons: , didn't, I'd, you've, I'm, fritz, it's, I've Organizations: Service, Quicken Locations: Midwest, Wisconsin
Mark Zuckerberg reveals his '20-year mistake'
  + stars: | 2024-09-13 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +4 min
Read previewMark Zuckerberg is opening up about one of his biggest regrets from his two decades of running Facebook, now Meta. But Zuckerberg, with some newfound swagger and a new T-shirt he designed, kicked things off by saying he was done apologizing, TechCrunch reported. "And my guess is if the IPO was a year-and-a-half mistake, I think that the political miscalculation was a 20-year mistake." "Still not my best thing, but getting a bit more comfortable just being me as I get older." As the Facebook cofounder enters his 40s and reflects on his decades at the helm of Facebook, one thing is increasingly clear: Zuckerberg is in his unapologetic era.
Persons: , Zuckerberg, wasn't, Casey, hasn't, Meta, Newton, — Zuckerberg, GOP Sen, Josh Hawley, He's, Elon Musk Organizations: Service, Chase Center, TechCrunch, Business, Facebook, Meta, GOP, Elon Locations: San Francisco, Newton, Myanmar, Cambridge
A banner plays up China's trade-in policy at a home goods expo in Qingdao, Shandong province, China, on June 1, 2024. Nurphoto | Nurphoto | Getty ImagesBEIJING — China's plan to boost consumption by encouraging trade-ins has yet to show significant results, several businesses told CNBC. Analysts are not overly optimistic about the extent to which the trade-in program could support retail sales. China's retail sales for August are due Saturday morning. Retail sales in June rose by 2%, the slowest since the Covid-19 pandemic, while July sales growth saw a modest improvement at 2.7%.
Persons: Jens Eskelund, Tao Wang, Sally Loh, Otis, Kone, We've, Ilkka Hara, Hara Organizations: Nurphoto, Getty, BEIJING, CNBC, EU Chamber of Commerce, UBS Investment Bank, China, U.S, Otis Locations: Qingdao, Shandong province, China, Greater China
But there's another lesser-known S&P 500 index that you might not have heard of: the SPW. In contrast, the conventional S&P 500 allocates more weight to the biggest companies based on market capitalization. Big Tech names carry very little debt on their balance sheets, meaning that they are less affected by elevated interest rates. Bank of AmericaIn contrast, the cap-weight S&P 500 is approaching overvalued territory. Examples of SPW index funds include the Invesco S&P 500 Equal Weight ETF (RSP) and Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW).
Persons: , that's, Jack Ablin, LPL, Jeff Buchbinder, Savita Subramanian, Buchbinder, Ablin, haven't, Goldman Sachs Organizations: Service, Nvidia, Big Tech, Business, Bank of America, Cresset, Healthcare, financials, Bank of America's, Equity, RSP
The S & P 500 and Nasdaq Composite shed as much as 1.6% and 1.4%, respectively. The S & P 500 and Nasdaq, meanwhile, posted gains of 1.1% and 2.2%, respectively. The comeback came as Wall Street struggles to find its footing in September, with seasonal headwinds and worries over the economy putting pressure on stocks. The S & P 500 has already posted four 1% moves in September. Correction: The Dow on Wednesday closed 124.75 higher, while the S & P 500 and Nasdaq gained 1.1% and 2.2%, respectively.
Persons: whiplash, Dow, Adam Crisafulli, Marco Iachini, Iachini, Steve Sosnick Organizations: Dow Jones Industrial, Nasdaq, Federal, Vital, Vanda Research, Interactive Brokers, Dow
US District Judge Lewis Kaplan scheduled the hearing after Ryan Salame, a former executive of Alameda Research and FTX Digital Markets, tried to withdraw his guilty plea. Salame said prosecutors broke a promise to him by later indicting his romantic partner, Michelle Bond — a claim that prosecutors vigorously disputed. Instead, Kaplan grilled Salame under oath for over 30 minutes in his Manhattan courtroom Thursday morning, accusing him of misrepresenting the plea negotiations. That left Kaplan in a bind: Either Salame lied in his plea hearing, throwing the plea into doubt. Bond would not be pursued if I plead guilty," Salame said.
Persons: , who's, Lewis Kaplan, Ryan Salame, Salame, Michelle Bond, Kaplan, Sam Bankman, Salame didn't, Bond, FTX, Mary Altaffer, wasn't, Danielle Sassoon, Christopher Bartolomucci, he'll, Salame's Organizations: Service, Alameda Research, FTX, Markets, Business, Prosecutors, AP, US, Office, Southern, of Locations: Manhattan, Alameda, of New York
It's been a topsy-turvy stock market since the Club's August Monthly Meeting. These were two of our top performers since the August Monthly Meeting. The stock closed nearly 5% higher on the eve of the September Monthly Meeting. The S & P 500's health care sector is up 2.2% since the August Monthly Meeting, slightly outperforming the broad index's 1.8% rise in that timeframe. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: It's, We've, Eli Lilly, Estee Lauder, Jerome Powell, it's, DA Davidson, Goldman Sachs, Goldman, Andy Jassy's, TJX, Jensen Huang, Abbott, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Dow Jones Industrial, Nasdaq, Investor, Federal, Procter, Gamble, Dover, Abbott Laboratories, TJX, Amazon, Micro Devices, Jackson, Bank of America, Telsey Advisory Group, JPMorgan, Oracle, Devices, AMD, Nvidia, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange Locations: seesaw, Wednesday's, U.S
"I want to thank beautiful Brittany Mahomes for so strongly defending me," Trump wrote in a Truth Social post on September 4. And on Wednesday, Trump called Brittany Mahomes a "big MAGA fan" during an interview with the Fox News' morning show, "'Fox & Friends." I was not a Taylor Swift fan," Trump said on Wednesday. Trump reacts to Taylor Swift endorsing Kamala Harris: "Well, I actually like Mrs. Mahomes much better ... I was not a Taylor Swift fan ... she'll probably pay a price for it in the marketplace."
Persons: , Patrick Mahomes, I've, Mahomes, It's, Donald Trump, Brittany Mahomes hasn't, Trump, hasn't, Brittany Mahomes, Brittany, Taylor Swift's, Kamala Harris, Taylor Swift, Taylor, she'll, J9Nk56nhEB — philip lewis, Swift, Travis Kelce, Harris didn't Organizations: Service, Kansas City Chiefs, Business, Fox News, Fox &, Chiefs, Representatives, Trump Locations: Brittany
Just over 15 years after she released her major label debut, "One of the Boys," Perry became the latest Video Vanguard recipient, the VMA version of a lifetime achievement award. Performing a career-spanning medley at the VMAs as a Vanguard winner should be a victory lap. AdvertisementAfter an early career peak — Perry has released nine chart-topping hits to date, all before 2015 — she's had none in the past decade. It was bad enough to put Perry's comeback in jeopardy, quickly devolving into a "career crisis." But Perry's new album "143" will be released next week, and she still needs to convince people it's worth a listen.
Persons: , Katy Perry, Perry, Michael Jackson's, — Perry, — she's, Katy, Arturo Holmes, Perry wouldn't, Sabrina Carpenter, Chappell Roan, I've, Doechii, Megan Thee, would've Organizations: Service, MTV, Vanguard, Business Locations: California
Unfortunately, she was kicked out before she could fulfill her world cruise aspirations. "They didn't just complain, they outright threatened with media unless they get what they want," Mikael Petterson, the founder and CEO of Villa Vie, told BI in an email. "That's how much I had wanted a world cruise." But she was kicked off before Villa Vie Odyssey could set sailOther buyers have begun moving onto the residential cruise ship. So far, Villa Vie has repaid her almost $8,000, with another about $7,400 still pending — still a few thousand short of her $18,600.
Persons: , Jenny Phenix, — Phenix, Bonny Kelter, Mikael Petterson, Vie, Kelter, Villa Vie, Bonny, Petterson, Phenix, Villa, she's, aren't, Fred Olsen Cruise, Fred Olsen's, Angela, Stephen Theriac, Kathy Villalba, Stephen Theriac Petterson, hasn't Organizations: Service, Business, Residences, Sea Cruises, Villa Vie, Villa, Fred Olsen Cruise Lines, Norwegian Cruise, Security Locations: Europe, Asia, Australia, South, North America, Africa, Palm Beach , Florida, Braemar, Norwegian, Florida
Read previewTensions between the Philippines and China have heightened around contested waters in the South China Sea in recent months. In recent months China has engaged in increasingly aggressive operations against the Philippines around the disputed islands of Sabina Shoal, Escoda Shoal, and Second Thomas Shoal in the South China Sea. Chinese Coast Guard holding knives and machetes as they approach Philippine vessels in the disputed South China Sea on June 17, 2024. A Chinese Coast Guard firing a water cannon at a Philippine Navy-chartered vessel resupplying troops stationed at Second Thomas Shoal in March 2024. AdvertisementSpeaking at a conference, he said that the "escort of one vessel to the other is an entirely reasonable option within our Mutual Defense Treaty."
Persons: , Collin Koh, Thomas Shoal, Second Thomas, Jay Tarriela, Timothy Heath, Heath, Koh, Shoal, Ezra Acayan, Samuel Paparo, Alexander Lopez, Sari Arho Havrén Organizations: Service, Institute of Defence, Strategic, Singapore's Nanyang Technological University, Business, coastguard, Mutual Defense Treaty, RAND Corporation, Coast Guard, Armed Forces, AP, Congressional Research Service, China, Philippine Navy, Navy, Air Force, Pacific Command, Mutual Defense, Philippine National Maritime Council, RAND, Royal United Services, Democrats, Republicans Locations: Philippines, China, South, Sabina, South China, Philippine, Second, Sabina Shoal, Asia, Ukraine, Israel
As a teacher of 14 years, I just can't believe school shootings have become so normalized. AdvertisementI remember running drills for both shelters and lockdowns, but the children and I didn't feel scared when doing them. Threats feel much more real nowAfter three years of teaching at that school, I spent years teaching in Chicago and New York City. Related storiesWe've heard about shootings consistently enough to make them feel like it could actually happen in our school. If nothing is going to change, drills are our only option as teachers to keep ourselves and our students safe.
Persons: , crouch, we'll, we're, they're, Maresco, they'll, I'd, I'm, I've, hasn't Organizations: Service, Business Locations: Montgomery County , Maryland, You'd, Chicago, New York City, Montgomery County
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