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☆ A budget Canadian airline had 4 of its planes repossessed. Its CEO is blaming a conspiracy.
▼ + stars: | 2023-05-25 | by ( Bianca Giacobone | Taylor Rains | ) www.businessinsider.com time to read: +7 min

In March, lessor Airborne confiscated four of Flair Airlines' planes because of late payments. A low-cost Canadian upstart airline had four of its planes repossessed by New York-based aircraft lessor Airborne Capital on March 11, forcing the carrier to cancel multiple flights and leaving a trail of disgruntled passengers behind. Flair Airlines CEO Stephen Jones blamed "behind the scenes" scheming between the airline's competitors and Airborne Capital for the repossession of four of Flair's Boeing 737 planes. It's not the first time Flair has clashed with other Canadian airlines. US investment firm 777 Partners owns a 25% stake in Flair Airlines, which was cause for concern for the CTA.

Persons: Stephen Jones, Flair, We've, Jones, — Flair, It's, —, Tim Donovan, Donovan, Prince Edward Island Organizations: Airborne, Flair Airlines, Flair, Morning, Capital, Airborne Capital, Boeing, The Canadian Press, Air Canada, BOC Aviation, Financial, Ontario Superior Court of Justice, National Airlines Council of Canada, Canadian Transportation Agency, Partners, CTA, National Airlines Council, Easter, Airways Magazine, Bonza Airlines, Dominican Republic Locations: New York, North America, Canada, Titusville , New Brunswick, Toronto, Saint John , New Brunswick, Charlottetown, Ottawa, Montreal, Florida, Dominican

☆ Who's going to work on all these AI projects at the big banks?
▼ + stars: | 2023-05-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Everyone seems to agree that artificial intelligence is going to upend Wall Street. Insider's Paige Hagy and Bianca Chan have a fascinating story on how AI talent doesn't seem to be sticking around at big banks. What's even more foreboding is that AI talent isn't leaving for other banks. But struggling to hold on to AI talent seems especially concerning when one considers what's at stake — like, uh, humanity — and the speed at which it'll happen. Here are the three reasons banks can't seem to hold on to AI talent.

☆ Banks are all-in on AI, but there's one problem: They can't hold on to the talent. Here's why.
▼ + stars: | 2023-05-23 | by ( Paige Hagy | Bianca Chan | ) www.businessinsider.com time to read: +9 min

Big banks are hiring a lot of AI talent, but are having a tough time holding on to it. The difficulty banks have retaining AI talent, however, isn't due to poaching among peers. Banks can lure in AI talentIt's true that big banks have the wherewithal to hire and capitalize on top AI talent and are attractive at the outset to those looking for a new shop. "The AI talent coming to the financial-services industry is almost like supporting the tech talent, if you will," Hirsch said. Big Tech has its own problems right nowTo be sure, banks are snagging from Big Tech too.

☆ Wall Street can't seem to agree on how it oversees AI usage. Meet the 12 execs leading strategy for the tech at the biggest US banks.
▼ + stars: | 2023-05-22 | by ( Bianca Chan | ) www.businessinsider.com time to read: +2 min

Banks are accelerating their AI research and use cases due to the rise of ChatGPT and generative AI. While all six big banks have dedicated AI leaders, no two banks have the same org structure. This year is shaping up to be all about artificial intelligence, and Wall Street is no exception. Banks' priorities and tech strategies can also be gleaned from which divisions have dedicated AI leaders and which don't. Here's a list of 12 of the top AI executives to know at the nation's six biggest banks.

☆ McQueen documentary juxtaposes Amsterdam's Nazi-occupied past with the present
▼ + stars: | 2023-05-20 | by ( Hanna Rantala | ) www.reuters.com time to read: +2 min

"It's just putting things into context - how we're here, how did we arrive here today," McQueen told Reuters. Filmed during the COVID-19 pandemic, the documentary includes the street protests that erupted against the government's infection prevention measures and the celebrations afterward. Critics have described "Occupied City" as monumental, moving and as ranking among the great World War Two-themed films. The director's upcoming feature film, "Blitz," stars Saoirse Ronan and is also set during the World War Two. The Blitz in London was "very different to how we think it was," McQueen told Reuters, adding: "I'm hoping to show you."

May 19 (Reuters) - Deere & Co (DE.N) on Friday topped Wall Street profit expectations on strong sales of its tractors and precision agriculture equipment, and raised its net income forecast for the rest of the year as its order books remain robust. Shares in the world's largest farm equipment maker were up 3.6% in premarket trading after the company reported a 36% rise in second-quarter profit. Net income increased to $2.86 billion from $2.1 billion a year ago. Farmers' demand for new equipment and parts to repair aging machinery has bolstered Deere's sales. Total net sales and revenues rose 30% to $17.39 billion for the second quarter.

Shares in the world's largest farm equipment maker were up 4% in premarket trading after the company reported a 36% rise in quarterly profit. Net income increased to $2.86 billion from $2.1 billion a year ago. Deere expects 2023 net income in the range of $9.25 billion to $9.50 billion, higher than the $8.75 billion to $9.25 billion forecast earlier. Farmers' demand for new equipment and parts to repair aging machinery has bolstered Deere's sales. Total net sales and revenues rose 30% to $17.39 billion for the second quarter.

☆ A new class of executives on Wall Street is gaining a ton of power
▼ + stars: | 2023-05-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

I still need questions for a future mailbag. As Wall Street grapples with how to deploy AI, the executives overseeing the tech are rising in prominence. Bianca mapped out the 12 executives leading AI strategy at Bank of America, Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo. Meet the 12 executives leading the AI strategy at the biggest US banks. The bank run on Silicon Valley Bank, which was helped along by social media, has bank executives reconsidering their online presence, Reuters reports.

☆ Take a look at North America's first hydrogen-powered train, which emits only water and will start service this summer
▼ + stars: | 2023-05-19 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +1 min

Running from June to October in Quebec, the Coradia iLint will be North America's first hydrogen train. It can be a greener alternative to diesel on non-electrified train tracks — over 90% of tracks in North America. North America will have its very first hydrogen-powered train this summer season. Alstom first started running two of its bright blue Coradia iLint trains in Europe in 2018, and it has delivered 41 more since then. Take a look at the Coradia iLint train:

☆ Delta CEO says proposed airline rules will lead to higher ticket prices
▼ + stars: | 2023-05-18 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +2 min

Proposed government regulations for airlines could lead to higher ticket prices, Delta's CEO said. The regulations would require airlines to compensate passengers for controllable delays or cancellations. If the Biden administration introduces new regulations requiring airlines to compensate passengers for controllable cancellations and delays, ticket prices will go up, according to Delta Air Lines CEO Ed Bastian. Earlier this month, the US Department of Transportation announced plans to come up with new rules that would hold airlines more accountable for potential cancellations and delays. It does not provide compensation in the form of cash — no major US airline does that — travel vouchers, or frequent flyer miles.

☆ Meet the 12 execs leading the AI strategy at top US banks like Goldman Sachs, JPMorgan, and Morgan Stanley
▼ + stars: | 2023-05-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +2 min

☆ Hawaiian Airlines unveiled the interior of its new Boeing 787-9 Dreamliners and it includes a new business class suite. See inside.
▼ + stars: | 2023-05-18 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +1 min

Hawaiian Airlines' new Boeing 787-9 Dreamliner has 300 seats, including 34 business class suites. Hawaiian Airlines' new Boeing 787-9 Dreamliners feature colorful patterns inspired by sea and wind, and starry skies. Hawaiian Airlines first agreed to purchase 10 Boeing 787-9 Dreamliners in 2018, adding two more, for a total of 12, this past January. The planes, which will be used for medium to long-haul flights, have 300 seats, including 34 business-class suites and 266 main cabin seats, including 79 extra comfort seats. See inside Hawaiian Airlines' new Boeing 787-9 Dreamliners:

☆ An outsider's take on finding success on Wall Street
▼ + stars: | 2023-05-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

At first glance, Kristofer Baxter doesn't seem like an ideal candidate for offering tips about succeeding on Wall Street. His outside perspective offers a unique look at what it takes to find success on the Street. Too often, people explaining how they found success on Wall Street, or anywhere, amounts to them bragging about how hard they worked. Read more on key lessons from a top engineer at Citadel about finding success. The famous VC firm is going to launch a fund of funds for backing other VCs focused on finding early-stage startups.

☆ $144 billion Man Group is teaching non-tech workers coding and data-science skills that are saving them hours of manual work
▼ + stars: | 2023-05-16 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Man Group's <develop> program is growing in popularity among non-tech workers. That's the thinking behind Man Group's technology upskilling program, <develop>, which has served as the $144 billion investment firm's answer to a tight tech-labor market. "The level of demand for software engineers outstripped the number of qualified engineers entering the workforce each year," Lara Carty, Man Group's chief people officer, told Insider. It's also spanned a variety of backgrounds, from workers on the trading desk to communications and public-relations employees, Carty said. There's classroom-based learning led by about a dozen of Man Group's top engineers with a mentorship aspect.

☆ I'm a UI engineer at Citadel who's worked at Netflix and Google. Here are 7 important lessons that have been critical to my rise at Ken Griffin's $57 billion hedge fund.
▼ + stars: | 2023-05-15 | by ( Bianca Chan | ) www.businessinsider.com time to read: +7 min

Kristofer Baxter leads a team of about 20 UI engineers at Citadel, a $57 billion hedge fund. I started my career at a golf tee-time reservation company, then worked in roles at Netlflix, LinkedIn, and Google. But it's really important to be quick. We work really closely with front-office partners and investment professionals so we know what to build. The really important thing there is that you can't be afraid of scale, or even failure.

☆ Transatlantic flights are all the rage this summer. These are the 10 biggest airlines connecting the US to Europe.
▼ + stars: | 2023-05-15 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +1 min

Barring any cancellations, there will be 3% more seats on flights from US to Europe this summer than in 2019. United Airlines and Delta Air Lines have the most scheduled seats, with over 9 million each. Barring any cancellations, that would constitute a 3% increase in capacity compared to the summer of 2019, and a 15% increase compared to last year. With over 2.5 million seats, Turkish Airlines has increased its scheduled capacity by 78% compared to pre-pandemic times. See the top 10 airlines connecting Europe and the US by scheduled seat capacity for summer 2023:

☆ Chase is opening airport lounges in the US as it takes a page from Amex's playbook — take a look at the first one
▼ + stars: | 2023-05-13 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +1 min

Chase is opening its first Chase Sapphire Lounge in the US at Boston Logan Airport on May 16. Chase is set to open a new Chase Sapphire Lounge at Boston Logan International Airport on May 16. The inaugural Chase Sapphire Lounge opened at Hong Kong International Airport in October 2022. Chase Sapphire Reserve cardholders get unlimited free access for themselves and up to two guests if they're registered in the free Priority Pass membership that comes with the card. Priority Pass members with cards other than the Sapphire Reserve have one free entry to any Chase Sapphire Lounge per year.

☆ Flights from the US to Europe are going to be incredibly expensive this summer — here's why
▼ + stars: | 2023-05-12 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +3 min

There's high demand for international summer travel and likely not enough seats to satisfy it. Americans have their eyes set on international travel — and Europe especially. If you want to fly to Europe this summer, you're likely going to spend $300 more than you would have before the pandemic. Last year, it was flights within the US that had their most expensive summer in years, averaging $376 round trip. "Next summer for international will be less expensive than this summer and probably start returning to some level of normalcy similar to what happened with domestic," Berg said.

☆ Summer flights in the US are 19% cheaper than last year — here's how to find the best deals
▼ + stars: | 2023-05-10 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +2 min

Booking a domestic flight 3 to 4 months in advance helps travelers find the best price. Prices for US domestic flights have finally cooled off after a very expensive 2022. Other than domestic flights, only flights to South America and the Antilles are cheaper than they were last year. Finding the best deal for summer travel is all about timing. Domestic mid-week flights — Wednesday especially — are on average $56 cheaper year-round, $60 cheaper over the summer, and up to $100 cheaper during holidays.

☆ GOP turns on Texas lawmaker investigated for having sex with a teenage intern after he resigned but didn't apologize
▼ + stars: | 2023-05-09 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

Rep. Bryan Slaton, 45, resigned after a Texas House investigative committee recommended he be expelled. The committee said Slaton had sex with a teenage intern and then pressured her and others to keep the conduct a secret. Some of Slaton's fellow Republicans expressed outrage at his conduct and his resignation, which notably lacked an apology, according to the Texas Tribune. Texas House of Representatives. Slaton also asked a fellow lawmaker to "support" him and keep the situation a secret, the investigation report said.

☆ Wall Street is empowering its employees to build their own tech tools. But who is keeping track of all this stuff?
▼ + stars: | 2023-05-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

A story about training non-tech workers that has nothing to do with ChatGPT? Man Group, a $144 billion investment firm, has a popular training program to get non-tech workers up to speed on coding and data-science. Programs like <develop>, along with the rise of ChatGPT, speak to a wider trend across Wall Street of enabling employees to build their own tools despite not having a background in tech. Empowering people to build their own tools and apps to streamline their work seems great on paper. Read more about how Man Group teaches non-tech workers programming skills that help them save time.

☆ $144 billion investment firm Man Group is supercharging non-tech workers with Python and data-science skills. Here's a look inside the popular program helping employees save time.
▼ + stars: | 2023-05-08 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

☆ I tried to eat at my local McDonald's as someone with celiac disease. It did not go well.
▼ + stars: | 2023-05-07 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +1 min

I recently tried to eat at McDonald's as a person with celiac disease. McDonald's doesn't claim any of its food as gluten-free so I was very limited in what I could order. McDonald's is one of the largest chain restaurants in the US, with over 13,000 locations across the country. Eating out with celiac is not easy, but restaurant chains often provide a safe haven, given their strict food preparation protocols and allergen lists stamped everywhere. In Italy, for example, McDonald's sells an uninspiring but safe gluten-free burger that is cooked wrapped in plastic to avoid cross-contamination.

☆ Emirates is opening a new store that will allow passengers to check in and drop off their bags without having to go to the airport
▼ + stars: | 2023-05-06 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +3 min

Emirates' new check-in store is 30 minutes from the airport by public transport, and 15 by car. The location should allow passengers to avoid long lines and crowds at the airport. Emirates is getting ready to open a store that would allow passengers to check in and drop off their bags without having to go to the airport. Much like an airline desk at any airport, it will also give passengers the option to book travel, according to Emirates. Emirates' robot check-in assistant is called Sara and is equipped to match faces with scanned passports and give passengers instructions.

London CNN —Britain’s Chief Rabbi, Ephraim Mirvis, will walk to King Charles III’s coronation, in keeping with Shabbat laws as the ceremony takes place on a Saturday, the Jewish Sabbath and day of rest. “So (they) have invited us to be their guests in St. James’ Palace over the Sabbath.”St. James’ Palace is about 15 minutes’ walk from Westminster Abbey, where the coronation will take place. As well as refraining from using vehicles during Shabbat, Jews also observe a “digital detox,” as the Chief Rabbi put it. The Chief Rabbi spoke to CNN's Bianca Nobilo outside Buckingham Palace. Although the monarchy is steeped in Christianity – the sovereign is also the head of the Church of England – the Chief Rabbi praised Charles’ “wonderful sensitivity” and inclusion of other faiths.

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