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☆ Dell pays $2.3 million to settle claims that it overcharged the US Army for computers
▼ + stars: | 2024-11-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

AdvertisementDell has agreed to pay $2.3 million to settle claims that it violated the False Claims Act. Dell and reseller Iron Bow overcharged the US Army for computers over four years, the DOJ said. Dell has agreed to pay $2.3 million to resolve allegations it violated the False Claims Act in its business with the US Army. Iron Bow has agreed to pay just over $2 million to settle the claims, bringing the combined settlement to $4.3 million. Iron Bow did not respond to a request for comment from Business Insider, made outside normal working hours.

Persons: Dell, Bow, Brent Lillard, Brandon Bell, Brian M, Boynton, Prim, Escalona, Donald Trump, Elon Musk, Vivek Ramaswamy, Ramaswamy Organizations: Dell, US Army, DOJ, The, Justice, Army, Army Desktop, Mobile Computing, Government, Justice Department's Civil, Northern, Northern District of, Elon, " Department of Government, Business Locations: Texas, Bow, United States, Northern District, Northern District of Alabama

☆ 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

☆ Leaders of the anti-vaccine movement are thrilled RFK Jr. could run HHS: ‘A dream come true’
▼ + stars: | 2024-11-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Brandy-Zadrozny-Circle-Byline-Template.Jpg | Brandy Zadrozny | ) www.nbcnews.com time to read: +7 min

“It’s like Typhoid Mary being in charge of food safety.”But another group was celebrating Trump’s pick: the anti-vaccine movement Kennedy leads. She and Polly Tommey, director of CHD.TV and a longtime anti-vaccine activist, reflected on Kennedy’s power within their campaign. Holland urged viewers to “educate” the public and Congress that Kennedy’s anti-vaccine claims were accurate, aiming to boost his support among senators who would vote on his confirmation. Kennedy now has a chance to bring that advocacy into the top public health office in the country. Stone replied, “I am over the moon about the appointment.”Others relished how Kennedy might bring a dreamed-about reckoning in public health agencies and retribution against former public health officials.

Persons: Donald Trump’s, Robert F, Kennedy Jr, ”, Mandy Cohen, ” “, Richard Besser, Kennedy, Paul Offit, Mary, Mary Holland, Polly Tommey, “ Bobby Kennedy, ” Holland, “, ” Tommey, Holland, Bobby Kennedy, wouldn’t, he’s, Del Bigtree, Michaela Roman, Dr, Sherri Tenpenny, Trump, Steve Kirsch, Kirsch, Alex Azar, ” Kennedy, “ We’re, Alex Jones, Roger Stone, Stone, Steve Bannon, Fauci, Anthony Fauci, Naomi Wolf Organizations: Department of Health, Human Services, “, Centers for Disease Control, Children’s Hospital of Philadelphia, Health Defense, ”, MAHA Alliance, Kennedy’s, Oregon Capitol, Vaccine Safety Research Foundation, RFK, CDC, National Institutes of Health, Food and Drug Administration, NIH, National Institute of Allergy, Bannon’s

☆ China is selling record numbers of cars in Russia
▼ + stars: | 2024-11-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Competition from European, Korean, and Japanese carmakers has vanished since Western sanctions were imposed on Russia. Chinese automakers face increasing tariffs in other regions. Chinese cars are selling at record levels in Russia, according to data from Russian analytics agency Autostat, reported by The Financial Times. AdvertisementIn the first nine months of 2024, Russia imported 849,951 vehicles from China, the FT reported, citing China Passenger Car Association data. The sales boom in Russia comes as Chinese automakers face rising obstacles in other regions.

Persons: carmakers, Ilya Frolov, didn't Organizations: The Financial Times, Chery, Geely, Russia, Lada, China Passenger Car Association, EU Locations: Russia, Moscow, Ukraine, Russian, China, Mexico, Brazil, Southeast Asia, Japan, Germany

☆ Deloitte, EY, KPMG, and PwC make up the Big 4 — here's how they compare
▼ + stars: | 2024-11-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

The Big Four — EY, Deloitte, KPMG, and PwC — are the world's largest accounting and consulting firms. AdvertisementDeloitte, EY, KPMG, and PwC are the world's largest accounting and consulting firms, known as the Big Four. The Big Four offer companies services such as workforce transformations, reshaping corporate finance portfolios, assurance, valuation, and optimizing the use of technology. AdvertisementThough not as stark a slowdown as Deloitte or EY, growth at PwC still dropped noticeably compared to the 9.9% rise reported for the previous 12 months. In February 2024, it unveiled a tax AI assistant for 2,300 PwC tax professionals in the UK to use.

Persons: PwC, —, Antonia Wade, EY, Ernst & Young, Janet Truncale, Carmine Di Sibio, Jack Taylor, Joe Ucuzoglu, Jim Spellman, Price Waterhouse, Mohamed Kande, Bill Thomas, Liam McBurney Organizations: Deloitte, KPMG, Service, EY, Ernst, Getty, Revenue, Assurance, PwC, Deloitte Deloitte, Deloitte Global, Equity, Nvidia, Google, AWS, Coopers, Street Journal, Big Locations: London, PwC, Asia, Pacific, Amsterdam

☆ Europe faces a 'full-blown recession' under Trump's tariffs, big bank says
▼ + stars: | 2024-11-11 | by ( Polly Thompson | Will Martin | ) www.businessinsider.com time to read: +3 min

Europe could fall into recession in 2025 under Trump's economic proposals, a major EU bank said. AdvertisementThe eurozone economy faces the possibility of a looming recession as tariffs promised by President-elect Trump look set to dampen growth, according to analysts at a Dutch bank. Trump pledged on the campaign trail to impose a fresh era of trade tariffs, building on policies he enacted during his first term as president. European Union economic growth is already struggling, and has lagged behind the US in recent years. He said Europe's economic challenges, including high energy costs, sluggish economic growth, and geopolitical instability, would only get worse in the event of a tariff battle with the US.

Persons: —, Trump, James Knightley, Nigel Green, Green Organizations: ING, Service, Trump, deVere Locations: Europe, China, Europe's, Ukraine, NATO

☆ Better catering and nicer bathrooms will help get workers back to the office, says this retail CEO
▼ + stars: | 2024-11-11 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Grocery chain Asda is calling workers back to the office three days a week from January. The British retailer says it will improve on-site catering and provide better bathrooms for staff. Asda chair Stuart Rose said remote work doesn't suit the fast pace of the consumer goods industry. In recent months, companies like Dell and Amazon have announced that staff must be back in the office five days a week. If RTO policies become too strict, top talent will simply leave to find a system that works for them, Ravin Jesuthasan, a respected future-of-work researcher, previously told Business Insider.

Persons: Stuart Rose, —, Rose, Spencer, Mohsin Issa, Issa, Zuber, Asda's, Ravin, Nick Bloom, Bloom Organizations: Service, Marks, Asda, The Observer, Business, TDR, Walmart, Dell, Amazon, Observer, Stanford Locations: British, Argos, Asda

☆ As Australia puts more focus on climate change, New Zealand is accused of pulling back
▼ + stars: | 2024-11-10 | by ( Mahalia Dobson | ) www.nbcnews.com time to read: +4 min

Two major countries’ approach to climate change has turned upside down Down Under. Critics argue that both countries are falling short as they head to this year’s United Nations Climate Change Conference, or COP29, which starts Monday in Azerbaijan. “Standing shoulder to shoulder with Pacific Island nations seems not to mean doing anything Pacific Island leaders have asked,” Hemming said. Albanese’s office and the office of his minister for climate change and energy, Chris Bowen, did not respond to requests for comment. Australia came in for special criticism last month at the Commonwealth Heads of Government Meeting in the Pacific Island nation of Samoa.

Persons: ”, Anthony Albanese, Christopher Luxon, Jacinda Ardern, Luxon, “, Antonio Guterres, Manaui Faulalo, “ We’re, Ralph Sims, ” Sarah Clement, Albanese, Penny Wong, Polly Hemming, ” Hemming, Chris Bowen, Wong Organizations: United Nations, Labor, Conservative, Radio, Getty, Organization for Economic Cooperation, Development, Massey University, Change, Australian National University, Australia Institute, Commonwealth Locations: Australia, New Zealand, South Pacific, Asia, Pacific, Palau, Tuvalu, Kiribati, Anthony Albanese . New Zealand, Samoa’s, AFP, Azerbaijan, Samoa, Vanuatu, Fiji, Canada, Britain

☆ TSMC is reportedly suspending production of advanced AI chips for Chinese firms
▼ + stars: | 2024-11-08 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

TSMC will stop providing Chinese customers with some of its most advanced AI chips, per reports. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTaiwan Semiconductor Manufacturing Company has informed its Chinese customers that it will stop supplying them with its most advanced artificial intelligence chips, according to multiple reports. The policy is part of a number of sanctions and export controls aimed at restricting Chinese firms' access to advanced technologies in the interests of national security. AdvertisementNews of TSMC suspending production was first reported by Chinese media site ijiwei.com.

Persons: —, TSMC, Biden, Donald Trump Organizations: Service, Taiwan Semiconductor Manufacturing Company, Baidu, Nvidia, Huawei Technologies, US Commerce Department, US, Reuters, Trump Locations: Washington, China

☆ CEOs around the world started talking about Trump's tariffs as soon as he won
▼ + stars: | 2024-11-08 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

It is months before Trump's inauguration, but tariffs are already on the lips of global business leaders. AdvertisementAs soon as Donald Trump won reelection, CEOs worldwide discussed his plans for a new era of global tariffs. AdvertisementOn Wednesday, Oliver Zipse, chairman of BMW, downplayed fears over tariffs during a third-quarter earnings call, citing the company's large US business. Advertisement"Politics is politics," Ikea's CEO, Jesper Brodin, told Business Insider when asked about how Trump's tariffs would affect international business. Soon after Trump's departure from the White House, the two sides ended their dispute and axed the tariffs, but renewed tariffs could lead to issues once again.

Persons: Donald Trump, Ralph Lauren, —, Trump, he'd, John Deere, Trump's, Shinju Aoyama, Aoyama, Shinji Aoyama, YOSHIKAZU, Piyush Gupta, Gupta, Europe Trump, Davidson, Oliver Zipse, Zipse, Maja Hitij, Arne Freundt, Freundt, Jesper Brodin, Guillaume Faury, Faury, OZAN KOSE, Martin Sorrell, Sorrell, Justin Picicci, Ralph Lauren's, Picicci, Timothy Boyle Organizations: BMW, Airbus, Ikea, Service, Biden, Japan's Honda Motors, Honda, Getty, DBS, Mercedes, Volkswagen, Puma, European Union, Boeing, EU, White, North, Columbia, Washington Post Locations: China, Mexico, Europe, AFP

☆ Musk's legal battles pile up as Twitter's ex-CMO becomes the latest to sue him
▼ + stars: | 2024-11-07 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Twitter's ex-CMO, Leslie Berland, is suing Elon Musk, saying she is owed $20 million in severance. The same week as Berland's filing, Twitter's ex-CEO got the go-ahead to proceed with a similar suit. AdvertisementTwitter's former chief marketing officer, Leslie Berland, is suing Elon Musk, saying she is owed over $20 million in unpaid severance. The documents state that a Twitter employee who was there on Bertrand's recommendation cautioned Musk against reinstating Trump in front of the advertisers, leaving him "embarrassed and angry." Related storiesBerland claims she was wrongly denied about $20 million in benefits owed to her under Twitter's policy.

Persons: Leslie Berland, Elon Musk, Twitter's, —, Berland, Musk, Xavi, Donald Trump's, Parag Agrawal, Maxine Chesney Organizations: Service, Bloomberg Law, Twitter, Cannes Lions, Trump, Business, Verizon, Bloomberg Locations: California's, California, Ireland

☆ The world prepares for a fresh era of tariffs under Trump 2.0
▼ + stars: | 2024-11-06 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

During his first term, Trump imposed tariffs on key industries in both Europe and China. AdvertisementThis time around, analysts told BI that Trump's policies could have a particular impact on Europe. Related storiesEurope is particularly vulnerable to Trump's aggressive trade policies for two main reasons, said Nigel Green, CEO of financial advisory firm deVere Group. AdvertisementDonald Trump met European Commission President Ursula von der Leyen at the World Economic Forum in Davos in 2020. Steven Kennedy, the most senior civil servant in Australia's Treasury department, said Wednesday he expected Trump's tariffs to impact the country's economy.

Persons: Donald Trump's, Trump, —, Donald Trump, Bilal Hafeez, Nigel Green, Green, Morningstar, Trump's, Michael Brown, Ursula von der Leyen, JIM WATSON, Steven Kennedy, Kennedy, Fitch, Latinvex Organizations: Service, European Union, Macro, Economic, of Chicago, Street Journal, deVere, Pharmaceuticals, Morningstar DBRS, Trump, stoke, European, Getty, European Commission, Treasury, News.com.au Locations: Europe, China, Ukraine, Davos, Australasia, Latin America, America, Mexico

☆ One of Boeing's biggest customers leveled fresh criticism over ongoing 737 Max delivery delays
▼ + stars: | 2024-11-04 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Ryanair, Europe's biggest airline, repeatedly criticized Boeing in its latest earnings report. The airline said that this increase came "despite repeated Boeing delivery delays." Related Video"Many customers are switching to Ryanair for our lower air fares," Ryanair's CEO Michael O'Leary said. Ryanair CEO Michael O'Leary has been one of Boeing's harshest critics in recent months. Related stories"While we continue to work with Boeing leadership to accelerate aircraft deliveries ahead of peak S.25, the risk of further delivery delays remains high," the CEO added.

Persons: —, Michael O'Leary, O'Leary, Yves Herman Ryanair, machinists, Kelly Ortberg, Tim Clark, Scott Kirby Organizations: Ryanair, Europe's, Boeing, Service, REUTERS, Alaska Airlines, Emirates, United Airlines Locations: Alaska

☆ Art historian and curator Alayo Akinkugbe on reframing Blackness
▼ + stars: | 2024-10-30 | by ( Leah Dolan | ) edition.cnn.com time to read: +6 min

Editor’s Note: Curator and art historian Alayo Akinkugbe is CNN Style’s guest editor for the month of November. The child is tucked away in the bottom left-hand corner, but in the mind of curator and art historian Alayo Akinkugbe, his presence fills the entire frame. But Akinkugbe holds a magnifying glass over these slim fragments, off-cuts of the dominant whitewashed narrative of art history, and forces them to take up space. “I think a lot of it was down to the fact that (art history) is viewed as an elite, white field. The coincidence at times feels “sinister” for Akinkugbe, but she believes there is longevity in the increased interest in and support for Black art and artists.

Persons: Alayo Akinkugbe, London CNN — Dante Gabriel Rossetti’s, “, Rossetti, Akinkugbe, Bélizaire, Jacques Amans ’, Dante Gabriel Rossetti, De Agostini, Tate, ”, weren’t, ” Akinkugbe, Polly Alakija, Pius Utomi Ekpei, —, Chris Ofili, Lee Pretious, George Floyd Organizations: CNN, London CNN, National Gallery, Royal Academy of Arts, Opera, Getty, University of Cambridge, Cambridge, New York Times Locations: London, Lagos, Nigeria, ”, Falomo, Benin, AFP, Nigerian, British

☆ Saudi Arabia is pulling back on a global spending spree to focus on its own projects
▼ + stars: | 2024-10-30 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Now the Kingdom plans to cut its foreign investment to prioritize domestic spending. AI is the new focus of investment as Saudi Arabia looks to position itself as a global technology hub. AdvertisementSaudi Arabia is pulling back on its global spending spree to focus on domestic investments. In September, Saudi Arabia held the third Global AI Summit, attracting a host of high-profile leaders and dealmakers. The new focus on domestic investment comes as Saudi Arabia's spending on Neom, its futuristic megacity in the desert, hit $1 trillion.

Persons: —, Yasir Al Rumayyan, we've, Al Rumayyan, Yasir Al, Rumayyan, Hamad I Mohammed, Uber, Andreessen Horowitz Organizations: Service, Public Investment Fund, Future Investment, Economic, REUTERS, Investors, Saudi Press Agency, Financial Times, Saudi, AI, Bloomberg, Sindalah Locations: Saudi, Saudi Arabia, Riyadh, Davos, Switzerland, Neom

☆ Steve Schwarzman says Trump would be an 'efficient and effective' president this time — and Ken Griffin thinks he'll win
▼ + stars: | 2024-10-29 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Blackstone CEO Steve Schwarzman said he thinks Trump would make a better president the second time around. He's uncertain about the election result, though Citadel's Ken Griffin said he expects Trump to win. AdvertisementSteve Schwarzman said he thinks Donald Trump would be more "efficient and effective" if he wins next week's election. Citadel founder and CEO Ken Griffin, who was also on the panel, was more assured of the election's outcome. Citadel founder Ken Griffin expects Donald Trump to win the 2024 election.

Persons: Steve Schwarzman, Trump, Ken Griffin, —, Donald Trump, Schwarzman, Mike Blake, Griffin, Alan Murray Organizations: Saudi Arabia's Future Investment, Service, Blackstone, Future Investment Initiative, Saudi, Republican, Bloomberg, Citadel, White Locations: Davos

☆ Scandals in China and Australia hit Big 4 giant PwC, but global revenues reached a record high
▼ + stars: | 2024-10-29 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

After two scandals this year, PwC's business in the Asia-Pacific region has fallen. While PwC faced these regional setbacks, it hit record-high revenues and hired 10,000 new employees. AdvertisementAfter scandals in Australia and China this year, PwC has lost business in the Asia-pacific region. AdvertisementDespite the regional impact on the business, PwC posted an overall growth of 3.7% to reach record-high gross revenues of $55.4 billion. Like other leading consultancies, PwC has been hit by falling demand for consulting services, and its growth rate has slowed.

Persons: PwC, —, Mohamed Kande, Uber, we've Organizations: Service, Big, PwC, Google, Australian Financial, EY, Deloitte Locations: Asia, China, Australia, India

☆ Partner pay at Big 4 firms is dropping, the latest sign of the consulting slowdown
▼ + stars: | 2024-10-28 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Partners at EY, Deloitte, and PwC all saw declines of around 5% in their share of profits. AdvertisementPartner payouts at the Big Four consultancies are falling as demand for professional services declines and firms increase the number of partners. At EY, partner payouts in the UK, where the global consulting and accountancy firm is headquartered, were down 5% this year. UK partners received an average of £723,000 ($938,000) compared to £761,000 ($987,000) the previous year. UK partners at PwC took home an average of £862,000 ($1.11 million) this financial year, 5% less than the same period in 2023.

Persons: —, EY, Hywel Ball, PwC, consultancies Organizations: Big, Partners, EY, Deloitte, Service, KPMG Locations: EY

☆ Apple can't sell the new iPhone in the world's 4th most populous country
▼ + stars: | 2024-10-28 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Apple has been banned from selling the iPhone 16 in Indonesia. Apple's share of the Indonesian market has grown to around 10% in recent years. AdvertisementThe Indonesian government has blocked Apple from selling its latest iPhone 16 in the country because it does not meet local regulations. The ministry said 9,000 iPhone 16 products had already entered the country. Of the 235 million smartphones Apple sold globally last year, the company only sold about 3.4 million in Indonesia, the FT reported.

Persons: Apple hasn't, —, Apple, Tim Cook, Joko Widodo Organizations: Apple, Service, Indonesia's Ministry of Industry, Ministry of Industry, Indonesian, Anadolu, Getty, Apple Intelligence Locations: Indonesia, Indonesian, China

☆ Deloitte and EY trim staff amid slowing demand following years of rapid growth for Big Four firms
▼ + stars: | 2024-10-24 | by ( Polly Thompson | ) www.businessinsider.com time to read: +5 min

AdvertisementDeloitte and EY have trimmed staff as demand for professional services provided by the two Big Four firms declines. AdvertisementDeloitte is the world's largest professional services firm in the world by revenue and employees. Lucy North/PA Images via Getty ImagesMajor consulting firms are experiencing a slowdown in demand for advisory services. Professional services firm Accenture cut its revenue forecast for 2024 from between 2% and 5% to between 1% and 3%. AdvertisementAside from workforce reductions, consulting firms are also introducing new policies as they face up to an industry slowdown.

Persons: —, EY, Lucy North, PwC, James Callander, Callander Organizations: Deloitte, Service, Big, Financial Times, Revenue, Getty, Accenture, UK, Business

☆ EY fired staff for an ethical breach after they watched multiple online training courses at the same time
▼ + stars: | 2024-10-22 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

EY has fired dozens of staff in the US over code of conduct breaches, the FT first reported. The staff watched multiple online training courses simultaneously, the report said. The dismissals took place last week after an investigation found that the staff had watched multiple online training courses simultaneously during "EY Ignite Learning Week" in May, the FT reported. They said that there had been no warning that watching courses simultaneously was not allowed and that multitasking was part of EY's culture. The SEC said hundreds of EY accounting staff shared answers to exam questions "over multiple years."

Persons: EY, — Organizations: Business, Service, Financial Times, US Securities and Exchange Commission, SEC, Big, Public Company Locations: Indonesia, Philippines

☆ Robinhood's cofounder has joined the rapidly growing commercial space race, and wants to beam solar power from satellites to earth
▼ + stars: | 2024-10-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +9 min

Aetherflux aims to launch a constellation of satellites to transmit solar power to Earth using infrared lasers. Bhatt told BI why he's joining the commercial space race and what Robinhood taught him about capitalism. AdvertisementAetherflux aims to create a constellation of satellites in low Earth orbit (LEO) that will collect solar power and beam it down to receptors on Earth using infrared lasers. Caltech's president, Thomas F. Rosenbaum, said the project had shown them that solar power beamed from space "is still a future prospect" but that it "should be an achievable future." The science has already been demonstrated; it's just going to be an engineering and economic feat to prove it can be done from space, Bhatt said.

Persons: Baiju Bhatt, Bhatt, Robinhood, —, Vlad Tenev, Elon, Baiju Bhatt Bhatt, Thomas F, Rosenbaum, it's, he'd, you'll, Spencer Platt, Matthew Weinzierl, Weinzierl, Einstein, Aetherflux Organizations: he's, Service, California Institute of Technology, NASA, Langley Research Center, Stanford, DARPA, Investment, Space Angels, McKinsey, Harvard Business School, SpaceX, Getty, Apex, Forbes Locations: India, Anadolu, Bay

☆ Jane Street, the trading firm where SBF started his career, offers interns a salary equivalent to as much as $250,000 a year
▼ + stars: | 2024-10-16 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Jane Street is one of Wall Street's most lucrative trading firms. Some internships at the firm offer a base salary equivalent to $250,000 annually. AdvertisementLucrative trading firm Jane Street is one of Wall Street's leading market-makers. In a sign of its success, Jane Street currently has 58 job vacancies in its New York office. AdvertisementA quantitative researcher internship, which runs from May to August, offers a base salary of $250,000 annually.

Persons: Jane, —, Jane Street, Jane Street's, Sam Bankman, Caroline Ellison, Fried, Donald Trump's, Glassdoor, Goldman Sach, JP Morgan Organizations: Service, Bloomberg, Financial Times, World Trade Center, Alameda Research, Jane, JPMorgan, Barclays, FT Locations: New York, Hudson, Alameda

☆ Elon Musk hits the campaign trail in a key swing state after donating $75 million to a pro-Trump super PAC
▼ + stars: | 2024-10-16 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Attendees at Musk's events must sign a petition in support of free speech and the right to bear arms. AdvertisementElon Musk said he's headed to the key swing state of Pennsylvania amid his ongoing support for Donald Trump's presidential campaign. "Tomorrow night through Monday, I will be giving a series of talks throughout Pennsylvania," Musk posted on X on Tuesday night. The events are free, but attendees are required to sign a petition "supporting free speech & right to bear arms & have voted in this election," Musk said. You just need to have signed our petition supporting free speech & right to bear arms & have voted in this election.

Persons: Elon Musk, Donald Trump, —, Donald Trump's, Musk, Trump, 2cjdY7oPtB — Elon, Tucker Carlson, Joe Biden Organizations: SpaceX, Service, America PAC, Borders, Sensible, Fair, Pennsylvania, Federal, Commission, The New York Times, Trump, White House Locations: Pennsylvania, Cities, Butler , Pennsylvania, White House . Arizona , Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin

☆ 3 US-based academics awarded the Nobel Prize in economics for their work on wealth inequality
▼ + stars: | 2024-10-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

US-based academics Daron Acemoglu, Simon Johnson, and James A. Robinson won the Nobel Prize in economics. Their work has helped demonstrate how institutions affect wealth inequality, the prize committee said. AdvertisementThree economists based at US universities have been awarded the 2024 Sveriges Riksbank Prize in Economic Sciences for their work on how institutions affect wealth inequality. Daron Acemoglu, Simon Johnson, and James A. Robinson will share the $1.1 million prize money, the prize committee said. The prize, known in its entirety as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is widely considered the most prestigious prize in the field.

Persons: Daron Acemoglu, Simon Johnson, James A, Robinson, —, Alfred Nobel, Jakob Svensson, Acemoglu, Johnson, Jan Teorell, Robinson “, ” … Organizations: Service, Sveriges, Economic Sciences, Royal Swedish Academy of Sciences, Massachusetts Institute of Technology, University of Chicago's Pearson Institute, Global, International Monetary Fund, Prosperity Locations: Acemoglu

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