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NEW YORK, Nov 20 (Reuters Breakingviews) - Microsoft (MSFT.O) boss Satya Nadella’s stressful weekend is probably only the beginning. A lack of corporate governance protections left Nadella with few options to salvage his company’s $13 billion investment in OpenAI. As a 49% owner of OpenAI, Microsoft could have hedged itself by getting more directly involved in oversight. Recruiting Altman is at least a better outcome for Microsoft than standing by and watching him go to Google, a rival startup or opening his own AI shop. Money and salesmanship are two essential elements of developing AI, but so are the proper controls, risk management and strategic clarity.

Persons: Satya Nadella’s, OpenAI, Sam Altman, Altman, Reid Hoffman, Elon Musk’s, Satya Nadella, Greg Brockman, OpenAI’s, Brockman, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, Microsoft, Google, Altman, Thomson Locations: OpenAI

☆ Gaza strikes kill family members of journalist targeted by death threats
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Alexander Ermochenko Acquire Licensing RightsNov 20 (Reuters) - Deadly strikes hit the Gaza home of a news photographer days after an Israeli media advocacy group questioned his coverage of Hamas' Oct. 7, prompting death threats against him on social media. Yasser Qudih, who survived the strikes on the night of Nov. 13, said four projectiles hit the rear of his house, killing eight family members. Qudih had provided photos to Reuters during the Oct. 7 attack by Hamas gunmen although he was not a Reuters staff photographer. Reuters could not verify who was responsible for the strikes, why Qudih's home in southern Gaza was targeted or whether the strikes were linked to HonestReporting's Nov. 8 report. In a statement, Reuters said it was "deeply saddened "to learn of the deaths of Qudih's family members.

Persons: Alexander Ermochenko, Yasser Qudih, Qudih, Israel, HonestReporting, Benny Gantz, Danny Danon, Gil Hoffman, Benjamin Netanyahu's, Mark Bendeich, Timothy Organizations: Palestinian, Hamas, REUTERS, Gaza, Reuters, Israel Defence Forces, IDF, United Nations, Likud, Nasser Hospital, Timothy Heritage, Thomson Locations: Gaza, Israel, Israeli, HonestReporting

☆ Former Yahoo CEO Marissa Mayer delivers sharp-elbowed rebuke of OpenAI's 'broken' board
▼ + stars: | 2023-11-20 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Marissa Mayer slammed OpenAI's 'broken and underadvised' board on social media. AdvertisementMarissa Mayer has some harsh words for OpenAI's board. "The fact that Ilya now regrets just shows how broken and underadvised they are/were," Mayer wrote on social media. OpenAI's bylaws allow board members to both appoint and remove other board members with a majority vote, Wired reported. In the case of OpenAI, which had only six board members, a majority vote meant only four board members needed to agree on a change to approve it.

Persons: Marissa Mayer, OpenAI's, OpenAI, Sam Altman, Mayer, —, Altman, Ilya Sutskever, Sutskever, Emmett Shear, Ilya, Reid Hoffman, Shivon Zilis, Will Hurd, spokespeople, Hoffman, Brian Chesky Organizations: Yahoo, Service, Twitter, Google, Microsoft, Wired, Republican, ppl Locations: OpenAI

☆ Jordan Spieth replaces Rory McIlroy on PGA Tour board
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] Golf - The 2023 Ryder Cup - Marco Simone Golf & Country Club, Rome, Italy - September 30, 2023 Team USA's Jordan Spieth reacts after a missed putt on the 1st green during the Foursomes REUTERS/Phil Noble/ File photo Acquire Licensing RightsNovember 20 - Jordan Spieth will serve the remainder of Rory McIlroy's term as a player director the PGA Tour's policy board. Commissioner Jay Monahan announced the change to tour members on Monday. "With Rory McIlroy resigning from the PGA Tour Policy Board last week, per the PGA Tour Tournament Regulations, the five remaining Player Directors have elected Jordan Spieth to serve the remainder of Rory's term which expires at the end of 2024," Monahan wrote to members, according to an email obtained by Golf Channel. He also acknowledged that the agreement between the PGA Tour and DP World Tour with Saudi Arabia's Public Investment Fund (PIF), which backs LIV Golf, over future cooperation affected his role on the board. Spieth, 30, is a 13-time winner on the PGA Tour with major victories at the Masters (2015), U.S. Open (2015) and The Open Championship (2017).

Persons: Ryder, Marco Simone Golf, USA's Jordan Spieth, Phil Noble, Jordan Spieth, Rory McIlroy's, Jay Monahan, Tiger Woods, Patrick Cantlay, Charley Hoffman, Peter Malnati, Webb Simpson, Rory McIlroy, Monahan, Jordan, McIlroy, LIV Golf Organizations: Country Club, REUTERS, PGA Tour, Golf, PGA, Saudi Arabia's Public Investment Fund, Thomson Locations: Rome, Italy, U.S

☆ Who's on the OpenAI board — the group behind Sam Altman's ouster
▼ + stars: | 2023-11-18 | by ( Hayden Field | ) www.cnbc.com time to read: +6 min

On Friday, the board of OpenAI, the buzzy AI company behind viral chatbot ChatGPT, suddenly and publicly ousted its CEO Sam Altman. OpenAI's board said it conducted "a deliberative review process" and that Altman "was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities." She is an adjunct senior management scientist at Rand Corporation and has been on the OpenAI board since 2018. "While our partnership with Microsoft includes a multibillion-dollar investment, OpenAI remains an entirely independent company governed by the OpenAI Nonprofit," OpenAI has publicly stated. On that day, Altman told Nadella, "I think we have the best partnership in tech and I'm excited for us to build AGI together."

Persons: Sam Altman, Altman, OpenAI, Greg Brockman, Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, Reid Hoffman, Neuralink, Zilis, Will Hurd, Brockman, Sam, Sutskever, he's, D'Angelo, McCauley, Toner, Andreessen Horowitz, AGI, weren't, Mira Murati, OpenAI's Dev, Satya Nadella, Nadella, Dev, Brad Lightcap Organizations: Thursday's APEC, Summit, Google, Facebook, OpenAI, GeoSim Systems, Rand Corporation, University of Oxford's Center, Georgetown's Center for Security, Emerging Technology, Sequoia Capital, Microsoft, CNBC, Fortune Locations: Texas, OpenAI

☆ Sam Altman out as OpenAI CEO after board loses confidence in him
▼ + stars: | 2023-11-17 | by ( Madeline Berg | Aaron Mok | ) www.businessinsider.com time to read: +4 min

OpenAI's board announced CEO Sam Altman is out, effective immediately. "We are grateful for Sam's many contributions to the founding and growth of OpenAI," a statement from OpenAI's board said. Prior to OpenAI, Sam Altman was the president of Y Combinator, after his startup Loopt was part of the accelerator's first class. Taking the reins from Altman as interim CEO is Murati, who formerly led the technology team at OpenAI. AdvertisementIf you have any insight into the culture at OpenAI or Sam Altman, please reach out to the author at mberg@businessinsider.com.

Persons: Sam Altman, Mira Murati, —, ChatGPT, Altman, what's, OpenAI, Elon Musk, Greg Brockman, Trevor Blackwell, Reid Hoffman, Peter Thiel, Satya Nadella, Y Organizations: Service, Silicon, Microsoft, Google, MIT Technology, New Yorker, OpenAI Locations: OpenAI, openai

☆ Auctions in New York Reflect a Dip in the Market
▼ + stars: | 2023-11-17 | by ( Scott Reyburn | More About Scott Reyburn | ) www.nytimes.com time to read: +2 min

As is almost always the case now with auctions of major single-owner collections, Sotheby’s secured the Fisher Landau consignment by guaranteeing the sellers an overall minimum price. Picasso’s 1932 painting “Femme à la montre,” the star lot of the Fisher Landau collection, was one of 24 lots in the Nov. 9 evening sale backed by irrevocable bids. This was knocked down to one bid of $22.2 million, incurring Sotheby’s a substantial loss, but preserving the prestige of a 100 percent selling rate. (His Fine Art Group spent $4.8 million for a 1995 Agnes Martin painting at the Fisher Landau evening session.) The art adviser Josh Baer, reporting on the Fisher Landau auction in his Baer Faxt newsletter, said, “profitability for auction houses is not always going to happen.

Persons: Sotheby’s, Fisher, ”, Fisher Landau, Rothko, ” Hoffman, Agnes Martin, Josh Baer, Baer Organizations: Sotheby’s, Art

☆ AI startups struggle to not become OpenAI's 'roadkill:' 'When you step on the court with Jordan, you don't try to beat him at his game'
▼ + stars: | 2023-11-17 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +3 min

More than 300 AI founders and investors gathered earlier this week in San Francisco's Hayes Valley neighborhood for the 2nd Cerebral Valley AI Summit, co-hosted by the independent journalist Eric Newcomer and AI gaming startup Volley. Some called it an " extinction event for other AI startups ." "OpenAI can bully everyone, they can bully the talent, they can bully the competition, they can bully the term sheets. "When you step on the court with Jordan, you don't try to beat him at his game. During his panel, Warner was asked about those who took to social network X, formerly Twitter, to proclaim the death of nascent AI startups.

Persons: Eric Newcomer, —, OpenAI, Alex Pall, That's, they're, Andrew Hoh, Reid Hoffman, Hoffman, Vinod Khosla, Khosla, Jason Warner, Warner, it's, He's, he's, Poolside, Jordan Organizations: Summit, Business, Mantis Venture Capital, Microsoft Locations: San Francisco's Hayes, Paris

☆ NHL roundup: Senators edge Wings in OT in Sweden
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +6 min

Lucas Raymond, Daniel Perron, Alex DeBrincat and Shayne Gostisbehere scored four straight goals in the second period for the Red Wings. Adin Hill finished with 23 saves for Vegas, which extended its winning streak against Montreal to six games. Lukas Reichel and Corey Perry scored goals for Chicago, which took its third loss in four games. Bryan Rust scored twice for the Penguins, who had their five-game winning streak snapped. Givani Smith and Luke Kunin each had a goal and an assist for the Sharks, who snapped the Blues' three-game winning streak.

Persons: Tim Stutzle, Nikita Zadorov, Marc DesRosiers, Drake Batherson, Stutzle, James Reimer, Brady Tkachuk, Jake Sanderson, Josh Norris, Joonas Korpisalo, Lucas Raymond, Daniel Perron, Alex DeBrincat, Shayne Gostisbehere, Gostisbehere, Reimer, Mark Stone, Shea Theodore, Jack Eichel, Jonathan Marchessault, Brett Howden, Brayden McNabb, Adin Hill, Jesse Ylonen, Alex Newhook, Johnathan Kovacevic, Justin Barron, Nick Suzuki, Mike Matheson, Cayden Primeau, Victor Hedman, Chicago . Former Blackhawk Brandon Hagel, Hedman, Mikhail Sergachev, Lukas Reichel, Corey Perry, Elias Lindholm, Jonathan Huberdeau, MacKenzie Weegar, Dillon Dube, Noah Hanifin, Jacob Markstrom, Blake Coleman, Elias Pettersson, Nils Hoglander, Casey DeSmith, Kevin Fiala, Anze Kopitar, Cam Talbot, Sam Reinhart, Sergei Bobrovsky, Kailer Yamamoto, Matty Beniers, Alex Wennberg, Philipp Grubauer, Anders Lee, Casey Cizikas, Noah Dobson, Semyon Varlamov, Lawson Crouse, Barrett Hayton, Logan Cooley, Connor Ingram, Damon Severson, Elvis Merzlikins, Curtis Lazar, Jesper Bratt, Nathan Bastian, Alexander Holtz, Tyler Toffoli, Erik Haula, Luke Hughes, Vitek Vanecek, Bryan Rust, Tristan Jarry, Mike Hoffman, Jose, Louis, Givani Smith, Luke Kunin, William Eklund, Kaapo Kahkonen, Pavel Buchnevich, Joel Hofer, Jordan Binnington Organizations: CAN, Ottawa Senators, Calgary Flames, Canadian Tire Centre, Detroit Red Wings, NHL Global, Sweden, Wings, Ottawa, Red Wings, Golden Knights, Canadiens, Vegas, Montreal, Blackhawks, Tampa Bay, Chicago . Former Blackhawk, Tampa, Chicago, Flames, Canucks, Calgary, Vancouver, Western Conference, Panthers, Islanders, Seattle, New, Coyotes, Blue Jackets, Columbus, Penguins, Pittsburgh, Devils, . New, Sharks, Blues, San, Thomson Locations: Ottawa , Ontario, Stockholm, Angeles, Florida, Los Angeles, New York, Arizona, New Jersey, ., . New Jersey, San Jose

☆ Why America is panicking about shoplifting
▼ + stars: | 2023-11-17 | by ( Ally Hill | Nathaniel Meyersohn | ) edition.cnn.com time to read: +12 min

New York CNN —“Shoplifting in Great Department Stores.” “The Shoplifting Profession.” “No Mercy to Shoplifters.”These headlines could be from articles today. While shoplifting has seemingly never been a bigger problem than it is now, shoplifting has long captured the public’s attention. Angela Weiss/AFP/Getty ImagesAlthough shoplifting increased in some cities during the first half of the year compared to pre-pandemic levels, there is no clear national rise in shoplifting, according to a new analysis by the Council on Criminal Justice, a nonpartisan criminal justice policy organization. Middle-class women shoplifting in Victorian Britain during the 1800s were the focus of an early panic over shoplifting. Fears spread over middle-class women shoplifting during the early years of department stores.

Persons: New York CNN —, ”, ” James Walsh, Alex Vitale, Donald Trump, Angela Weiss, ” Vitale, Michael Flamm, San Francisco —, Adam Gelb, Tammy Whitlock, kleptomania, “ Said, Abbie Hoffman’s, ” Flamm, Abbie Hoffman, John Shearer, Barry Goldwater, Richard Nixon, JC Penney, ” David Johnston, Jeffrey Greenberg, we’d, Jeffrey Butts, “ Organizations: New, New York CNN, Great Department, University of Ontario Institute, Technology’s, CNN, Brooklyn College, ”, Getty, Criminal, Ohio Wesleyan University, “, San, New York Times, University of Kentucky, Consumer Culture, Times, Ohio Wesleyan, National Retail Federation, Retailers, Universal, Commerce, Chamber of Commerce, Department of Justice, “ Research, Research, John Jay College of Criminal Locations: New York, Shoplifters, Britain, America, New York City, Los Angeles, Dallas, Victorian Britain, England, Ohio, Vietnam

☆ Ruzwana Bashir Is Quietly Connecting the Tech World
▼ + stars: | 2023-11-16 | by ( ) www.businessinsider.com time to read: +18 min

Story by Melia RussellPhotography by Lelanie FosterRuzwana Bashir is ransacking her kitchen cabinet for just the right tea. Bashir wears an Erdem floral-printed bra top, Erdem skirt, Giuseppe Zanotti shoes, Old Jewelry earrings along with her own bracelet and ring. "Part of building a business was going out and sharing what you were doing with the world," Bashir says. For years Bashir's startup had been building muscle around these capabilities; now it had an eager audience. Eating at acclaimed restaurants is fine, but Bashir prefers the more-intimate affairs at tech executives' homes because, she says, "you can stay longer."

Persons: Melia Russell, Lelanie Foster Ruzwana Bashir, Peek, She's, she's, Andy Warhol, Picasso, Bashir, I'm, Andreessen Horowitz, Jack Dorsey, Eric Schmidt, Goldman Sachs, Giuseppe Zanotti, Lelanie Foster, Bashir isn't, Elon Musk, Ronan Farrow, Roelof Botha, Mustafa Suleyman, we've, Bennett Miller, Capote, " Miller, —, doesn't, didn't, Madeleine Albright, Tom Ford, Jared Cohen, Oskar Bruening, Forbes, Mark Zuckerberg, I've, Bashir wasn't, Travis Kalanick, Adam Neumann, Ty, Emily Weiss, Bashir refashioned, Donald Trump, Bruening, Laurence Tosi's, Miller, Beyoncé, shrugs, Anna Wintour, Anna, we're, Taylor Swift, Katie Haun, Marc Benioff, Reid Hoffman, Marissa Mayer, Dick Costolo —, Cohen, Katherine Maher, Maher, Daniel Kahneman, It's, Radel, Becky Akinyode, Elaine Winter, Tiffany Bloomfield, Dela, Chad Hilliard, Enmi, Kenny Aquiles Ulloa, Cyrenae, Madison Perez, Aidan Lapp, Bashira Webb, Bryan Erickson, Jinyoung Chang, Rodriguez, Rebecca Zisser, Claire Landsbaum, Emma LeGault, Joi, Marie McKenzie, Conner Blake, Kyle Desiderio, Victoria Gracie, Nicole Forero, Virginia Alves Organizations: Google, Museum of, Business, Elon, Vogue, Roelof, Oxford University, Oxford Union, Blackstone Group, Harvard Business School, Studios, Web, Young, Organization, Dela Revoluciøn, Enmi Yang Digital Tech Locations: Manhattan, SoHo, Bahamas, United States, Balthazar, England, Israel, Petra, Istanbul, Elle, Utah, COVID, Salt Lake City, Costa Rica, Atlanta, WestCap

☆ NHL roundup: Sidney Crosby (hat trick) lifts Pens past Jackets
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +5 min

[1/4] Nov 14, 2023; Columbus, Ohio, USA; Pittsburgh Penguins center Sidney Crosby (87) celebrates his hat trick goal during the third period against the Columbus Blue Jackets at Nationwide Arena. Kirill Marchenko, Yegor Chinakhov and Alexandre Texier scored for the Blue Jackets, who lost their sixth straight (0-4-2). Jordan Kyrou scored twice for the Blues, who won their third straight game and their fifth in six games. Jonas Johansson made 24 saves for the Lightning, who lost their third straight game. Sam Reinhart, Carter Verhaeghe, and Aleksander Barkov each had a goal and an assist, while Ryan Lomberg scored Florida's other goal.

Persons: Sidney Crosby, Russell LaBounty, Erik Karlsson, Jake Guentzel, Tristan Jarry, Kirill Marchenko, Yegor Chinakhov, Alexandre Texier, David Pastrnak, Danton Heinen, Brandon Carlo, Oskar Steen, Hampus Lindholm, Victor Olofsson, Matt Duchene, Duchene, Tyler, Jake Oettinger, Jordan Binnington, Louis, Jordan Kyrou, Colton Parayko, Jakub Vrana, Kasperi Kapanen, Torey Krug, Pavel Buchnevich, Jonas Johansson, Connor Zary, Nazem Kadri, Jacob Markstrom, Gustav Lindstrom, Sam Montembeault, Charlie Lindgren, Dylan Strome, Connor McMichael, Beck Malenstyn, Logan Thompson, Kyle Connor, Nikolaj Ehlers, Cole Perfetti, Morgan Barron, Connor Hellebuyck, Timo Meier, John Marino, Dawson Mercer, Jack Hughes, Adam Henrique, Radko Gudas, Cam Fowler, John Gibson, Filip Forsberg, Roman Josi, Ryan O'Reilly, Henrique, Kevin Stenlund's, Sam Reinhart, Carter Verhaeghe, Aleksander Barkov, Ryan Lomberg, Luke Kunin, Tomas Hertl, Mike Hoffman, Mikael Granlund Organizations: Pittsburgh Penguins, Columbus Blue Jackets, Nationwide Arena, Penguins, Pittsburgh, Blue Jackets, Bruins, Sabres, Boston, Buffalo, Coyotes, Dallas, Stars, Tampa, Blues, St, Lightning, Flames, Canadiens, Calgary, Montreal, Capitals, Golden Knights, Washington, Vegas, Jets, Devils, Winnipeg, Louis Blues, Ducks, Anaheim, Nashville, Predators, Panthers, Sharks, San, Thomson Locations: Columbus , Ohio, USA, Arizona, Tampa Bay, skidding New Jersey, Florida, San Jose

☆ America’s Other Drug Problem
▼ + stars: | 2023-11-13 | by ( German Lopez | More About German Lopez | ) www.nytimes.com time to read: +1 min

When political leaders talk about America’s current drug crisis, they are typically referring to opioids like painkillers, heroin and fentanyl. And when they have passed laws to deal with the problem in the past decade, those policies have centered on opioids. They have, for example, focused on boosting access to medications that treat only opioid addiction or reverse only opioid overdoses. These types of problems are why experts have long urged policymakers to take a comprehensive approach to drug addiction. More support for opioid addiction medications is important, but so is funding underused treatments that address meth and cocaine addiction (such as paying people to stop using drugs).

Persons: Jan Hoffman, Jan, dumpsters

Kalamazoo, a small city in Western Michigan, is a way station along the drug trafficking corridor between Chicago and Detroit. In its parks, under railroad overpasses and here in the woods, people ensnared by drugs scramble to survive. Dr. Helmstetter, who makes weekly primary care rounds with a program called Street Medicine Kalamazoo, carried medications to reverse overdoses, blunt cravings and ease withdrawal-induced nausea. Rachel, 35, her hair dyed a silvery lavender, ran to greet Dr. Helmstetter. She takes the medicine buprenorphine, which acts to dull her body’s yearning for opioids, but she was not ready to let go of meth.

Persons: Nic Helmstetter, Helmstetter, Rachel Organizations: Medicine Locations: Kalamazoo, Western Michigan, Chicago, Detroit, Medicine Kalamazoo

☆ Members of the 'PayPal Mafia' include tech titans like Elon Musk, Peter Thiel, and Reid Hoffman. Here's where they are now.
▼ + stars: | 2023-11-12 | by ( Tami Brehse | Kylie Kirschner | ) www.businessinsider.com time to read: +1 min

A group of early 2000s PayPal employees and founders came to be known as the "PayPal Mafia." The group includes Elon Musk, Peter Thiel, Reid Hoffman, and the founders of both YouTube and Yelp. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Members of the group include Elon Musk, Peter Thiel, and Reid Hoffman, along with over a dozen others. Here's a rundown of the most prominent members of this exclusive group and what they're up to over two decades later.

Persons: Elon Musk, Peter Thiel, Reid Hoffman, —, Fortune Organizations: PayPal, Elon, YouTube, Service, LinkedIn, PayPal Mafia

☆ HonestReporting accepts news groups had no prior warning of Oct. 7 Hamas attack
▼ + stars: | 2023-11-10 | by ( Crispian Balmer | ) www.reuters.com time to read: +5 min

HonestReporting's Gil Hoffman told Reuters his organisation had not claimed to know that there had been any prior knowledge by the news groups of the Hamas attack. "I was so relieved when all four of the media organisations said they didn't have prior knowledge," Hoffman said in an interview by telephone about the article. "I still very much think that the questions were legitimate and the answers were adequate from the media organisations themselves." Reacting to the HonestReporting article posted on X, the Israeli Foreign Ministry had described the use of the various images by the four news groups as "a serious violation of journalistic ethics." Despite HonestReporting's suggestions that the Palestinian photojournalists had secured their images in coordination with Hamas, he said he was "happy" their pictures had been published.

Persons: Esa Alexander, HonestReporting, HonestReporting's Gil Hoffman, Hoffman, Benjamin Netanyahu's, Danny Danon, photojournalists, Crispian Balmer, Edmund Blair Organizations: Hamas, REUTERS, Rights, Reuters, Associated Press, CNN, The New York Times, Palestinian, Israeli Foreign Ministry, Likud, United Nations, AP, Jerusalem Post, HonestReporting, Thomson Locations: Gaza, Israel, Palestinian, Beirut, Lebanon, Israeli

HonestReporting, which describes itself as an organization devoting to fighting media disinformation about Israel and Zionism, did not specifically make those accusations against the companies. It did, however, suggest that freelance photographers whose work from that day was used by the outlets might have known. For journalists to have known about the Hamas plans in advance presents a complicated ethical question. “We raised questions and it led the media outlets to clarify the truth,” he said. “Great, that's what we do.”Both AP and CNN said Thursday that they would no longer work with Eslaiah, one of the freelance photographers.

Persons: Israel —, Reuters —, ’, ” HonestReporting, “, Gil Hoffman, ” Hoffman, ”, Yousef Masoud, Mohammed Fayq Abu Mostafa, Yasser Qudih, Israel, Julie Pace, ” Pace, Hassan Eslaiah, Ali Mahmoud, Hatem Ali, Danny Danon, Benny Gantz, Nina Berman, Hoffman, HonestReporting, Yahya Sinwar Organizations: — CNN, The New York Times, Associated Press, Reuters, New York Times, AP, Masoud, The Times, Times, Protect Journalists, Columbia University, CNN Locations: Israel, Gaza, Jerusalem

☆ The global freight recession will continue in 2024: CNBC Supply Chain Survey
▼ + stars: | 2023-11-07 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

watch nowThe global shipping industry has been mired in a freight recession this year and the challenging economic conditions will continue into 2024, according to a new CNBC Supply Chain Survey. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. "Without more freight moving, 2024, and potentially 2025, will continue to see soft pricing as capacity outstrips demand," he said. Freight trucking will remain soft Trucking companies get paid per load, and low expectations for orders imply potentially lower revenue this holiday season. A slightly better second half 2024 outlook The survey shows expectations for a slight turnaround in freight volume in the second half of 2024.

Persons: Robinson, Kuehne, Nagel, Zhang Jingang, Alan Baer, Noah Hoffman, Jeff Bezos, Uber, Tim Robertson, Robertson, Brian Bourke Organizations: CNBC Supply Chain Survey, CNBC, Chain Survey, SEKO Logistics, DHL Global, USA, ITS Logistics, Getty, Logistics, C.H, Surface Transportation, Convoy, Tank Transport Locations: Qingdao, Shandong province, China

☆ Why this tech is better than passwords, and how to switch
▼ + stars: | 2023-11-07 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +2 min

There's a safer way to log in to apps and websites that removes the need to use passwords. The move toward passkeys comes as our digital privacy gets harder to protect, particularly as people need to remember more and more passwords. A recent Pew Research survey showed that almost 70% of Americans are stressed about the number of passwords they need to remember. Bottom line: Passkeys are better than passwords at protecting your personal information. I created the passkeys using my iPhone, but you can do it from a computer or Android phone by following similar steps.

Persons: passkeys, Jacob Hoffman, Andrews, Hoffman, Steve Won Organizations: Microsoft, Apple, Google, Pew Research, Electronic Frontier Foundation, CNBC

☆ Ray Dalio Interrogated His Pregnant Employee Until She Cried: Book
▼ + stars: | 2023-11-06 | by ( Rob Copeland | ) www.businessinsider.com time to read: +11 min

She was one of Ray Dalio's favorites. The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. Excerpted from THE FUND: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. A spokesperson for Ray Dalio told Insider, "This book is just another one of those classic tabloid books, authored by someone who applied for a job at Bridgewater and was rejected more than a decade ago. He then became an investigative reporter at a prominent newspaper and made a career of writing distorted stories about Bridgewater and Ray Dalio, at first in articles and now in this book.

Persons: Ray Dalio's, Katina Stefanova, mentee, Dalio, Stefanova, wasn't, lackeys, Bridgewater, hadn't, Who, Dalio's leveragers, Ray Dalio, Rob Copeland, Ray, Dustin Hoffman's Oscar Organizations: Bridgewater Associates, Bridgewater, Transparency, Martin's, Martin's Publishing, New York Times, Wall Street Journal Locations: Bridgewater, Bridgewater's Westport, Conn, St

☆ Ray Dalio once interrogated his pregnant protégé in front of his top execs until she cried
▼ + stars: | 2023-11-06 | by ( Rob Copeland | ) www.businessinsider.com time to read: +11 min

She was one of Ray Dalio's favorites. Dalio announced to the room that he would first "probe" and then deliver what he called a "diagnosis." The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. Excerpted from THE FUND: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. He then became an investigative reporter at a prominent newspaper and made a career of writing distorted stories about Bridgewater and Ray Dalio, at first in articles and now in this book.

☆ The holiday spending outlook is sluggish across thousands of retailers: CNBC Supply Chain Survey
▼ + stars: | 2023-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

Photographer: Christopher Dilts/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAs holiday shopping season begins, lack of big orders from retailers is the rule amid fears that consumer spending will be weak, according to a new CNBC Supply Chain Survey. At the CNBC Evolve Global Summit last Thursday, Target CEO Brian Cornell said the company is doubling down on its cautious outlook for the holiday season. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. Lunar New Year and order volumes The CNBC Supply Chain Survey underscores an overall climate of uncertainty that is defining the market right now. The freight trucking recession Trucking companies get paid per load, and the low expectations for orders imply potentially lower revenue this holiday season.

Persons: Christopher Dilts, Robinson, Noah Hoffman, Hoffman, Jeremy Barnum, Brian Cornell, Raj Subramaniam, restocking, Kuehne, Nagel, Paul Brashier, Tim Robertson, Robertson, Brian Bourke, Elmer Buchta, Jeff Bezos, Uber, Brashier, Berkshire Hathaway, Alan Baer Organizations: Bloomberg, Getty Images Bloomberg, Getty, CNBC Supply Chain Survey, North American Surface Transportation, CNBC, Global, FedEx, Chain Survey, SEKO Logistics, USA, ITS Logistics, Amazon, Maersk, Logistics, Convoy, Tank Transport, U.S ., Union Pacific, BNSF, Norfolk Southern, CSX Locations: Chicago , Illinois, C.H, U.S, China, United States, Montana, Indiana, Panama, West Coast, U.S . West Coast, Los Angeles, Berkshire, West, East Coast

For all the desperation that the winless Sharks might have brought to the rink, the Penguins said they wanted the win more after a 3-6 start. We give up the third goal and we’re a fragile group.”Anthony Duclair and Jacob MacDonald scored power-play goals for San Jose. I think our battle level is just non-existent sometimes and it’s costing us.”The game also saw the return of Erik Karlsson to San Jose. Penguins head coach Dan Sullivan said it means a little extra for Karlsson and Matt Nieto — another former Sharks player now on the Penguins — to return to San Jose. “I know they have a lot of fond memories here in San Jose.

Persons: — Reilly Smith, Jake Guentzel, Evgeni Malkin, Smith, Penguins —, —, Pittsburgh’s, Bryan Rust, Vinnie Hinostroza, Kris Letang, Matt Nieto, Tristan Jarry, ” Rust, “, David Quinn, Quinn, ” Anthony Duclair, Jacob MacDonald, “ We’re, Duclair, Erik Karlsson, San, Norris, Karlsson, Marcus Pettersson, Jarry, Mike Hoffman, Dan Sullivan, Matt Nieto —, ” Sullivan, Mackenzie Blackwood, Magnus Chrona, Sidney Crosby, Crosby, we’ve, haven’t, Sullivan, ___ Organizations: JOSE, Calif, Pittsburgh Penguins, San Jose, Sharks, NHL, Penguins, Pittsburgh, New York Rangers, Arizona Coyotes, Boston Bruins, The Sharks, Vancouver Canucks, San, ”, ” UP NEXT Penguins, Anaheim, Philadelphia Locations: Jose, San Jose, ” UP

☆ Goldman Sachs just promoted 608 employees to the coveted role of managing directors. See the full list here.
▼ + stars: | 2023-11-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

Goldman Sachs announced its 2023 class of managing directors Thursday afternoon, giving 608 employees the coveted title. It's a smaller cohort than the bank's 2021 MD class, down 5% amid a dealmaking slowdown. Still, Goldman appears to have taken pains to promote employees in revenue-generating divisions like investment banking and trading. Goldman says the percentage of women it promoted as part of the 2023 MD class sets a record, up 1% from 2021. Two years ago, Goldman promoted the largest managing director class in its history, naming 643 employees to the designation in 2021.

Persons: Goldman Sachs, Goldman, David Solomon, John Waldron, we've, Solomon, Waldron, Goldman Sachs Fereshteh Abbasi Thomas Abe Devina Abreo Francesca Adamski Emmanuel Adenitire Gopal Agarwal Prasoon Agarwal Udit Agrawal Khamran Ali Omar Alzaim Dorothee Amar Akbar Amin Joe Amsler Wilfred Amuri Jack Anstey Paul Antonios Hidemi Aoki, Carolina Aragon Gonzalez Nelson Armbrust Georgina Aspden Laurene, Gisha, Sharon Babick Navin Babu Alexey Bachurin Alberto Bacis Patrick Badaro Rahul Bajaj Elise Bal Tanya Ballaram Brian Baltz Guillaume Banderet Nirav Bansal Nitin Bansal Swati, Chalapathi, Andrei Banu Camella Barnes James Barry Elisa Anna Bassu Aman Batra Eleanor Beasley Nicole Beavan Michael Becker Yukiko Beer Omar Benchekroune Richard Bennett Nigel Beslee Ashima Bhalla Nikhil Bhandari Nimita Bhargava Bodha Bhattacharya Rebecca Bibb Roseline, Rahul Bindu Mark Bird Leo Biselman Christian Blanc Patrick Bogues Michael Boratin Katherine Bordlemay Gabriela Borges Kate Boucher Erik Bouland Joanne Braidi Chris Brett Joseph Briggs Charles Brockett Emmeline Brothers Aaron Brown Adrienne Brown Kevin Bryck Archana Budida Oliver Bunn Rebecca Burgoyne Andrew Burpitt Todd Byers Patrick Byrne Michael Cahill Ashley Caldwell Jake Caldwell Serdar Caliskan Jon Calluzzo Stewart Campbell Samantha Cantor Yuri Cantor Dan Carabas Gemma Carlaw Laura Carroll Tim Carson Matt Carter Quentin Cezard Alex Cham Simon Chamama Heidi Chan Patrick Chan Suraj Chandran Kim Cheah Jon Cheh CP Chen Nelly Cheng Sarrah Cherhabil Jackson Cheung Michael Cheung Rama, Stan Chiu Anish, Kunal Choraria Ankit Chowdhari Dario Claus Cosimo Codacci, Michael Coleman David Collerd Shannon Collins Francesca Condini Lee Coppersmith John Couch Tim Creamer Maziar, Satish Damodaran Gareth Davies Serkan, Nick De Kock Ann de la, Nick De Kock Ann de la Montaigne Jan Debeuckelaer Molly Decker Gabrielle Decrion Laurent Dedieu Antoine Demongeot Yannick Derippe Deepalakshmi Desai Tim Desiano Joshua Dezube Randeep Dhillon Javier Diaz, Merry Matheus, Jared Dickow Alex Doell Mao Dong Praneil Doolabh Daniel Dooling Michelle Dorea Szymon Doroz Jacqueline Du Benjamin Duell Kelsey Dumont Julie Duval Todd Ebe Dayo, Jeremy Eisenstein Chris Elmore Ryan Erickson Joaquin Escribano Larry Estrada Pavel Fadeev Will Fairbourn Jeremy Falgiani Fabio Federici Wenlong Fei David Felman Sophia Ferguson Zach Fernandez David Fernandez Miguez Scott, William Fio Rito Duffy Fischer Lisa Florentine Akshay Fomra Janice Foo Nicholas Forbat Elie Franko Georgina Fraser Jason Freeman Nicole Freeman Oliver Friedberg Gavriel Friedland Ross Fuller Angela Fung Greg Furness Nikhil Gadodia Stefano Gamba Amit Singh Gambhir Javier Gandara Giorgio Gandola Amit Gangrade Sudha Garimella Mima Garland Mingmin Ge Graziano Gemma Shefali Gera Constance Germain Brad Gifford Benjamin Giles Abbas Ginwala Marlene Giorgio Thomas Giovachini Zachary Glasser Guillaume Gnech Harley Golding Yuriy Goldman Jesse Goldstein Roy Golender Sharon Gonnella Alejandro Gonzalez Steven Gooden Jessie Gould Varun, George Graf von Waldersee Florian Granier Jamie Greenberg Brian Grzelakowski Alessandro Guicciardi Michael Guiliano Samuel Guinness Bivash Gunpath Deepa Gupta Parikshit Gupta Lauren Gutierrez Johannes Hahn Chris Hallam Alex Halpern Christina Halpin Michael Hamilton Brooke Hammel Saki Hanioka John Hanson Mathew Harris Ally Hart Amy Harwood Tom, Emily Hashimoto Rob Haslam Michael Heino Brandon Herde Sarah Higgins Camilla Hill Spencer Hill Sho, Cecilia Ho Jonathan Ho Bryan Hoffman Kevin Hoffmeyer Eliza Hollyday Simon Holmes Mehdi, Lily, Derek Hu Jennifer Hui Tim Huiszoon Camille Humbert Kurt Humes Kelley Hutchison Masayuki Ichioka Andrew Imber Calvin Isaac Jackson Isaacs Sharif Ismail Yu, Doug Michael Jaffa Nitin Jagga Rahul Jain, Jataprolu Fiona Jervis Yinpeng Jin Sandeep Jindal Jennifer Jochinger Steven Johnson David Johnstone Megan Jordan Nicolas Joseph Bob Kadel Jean Kam Harneet Kaur Vinay Kaura Peter Kelman Stephanie Kenary Maggie Keohan Humayun Khalid Sunil Khandelwal Scott Kilpatrick Jenny Kim Ashley King Joel Klaus Rene Klos Rossitsa, Michael Kondoleon Gregory Kontopoulos Larry Kornreich Shrivathsa Kota Konrad Krallmann Ken Kraska Alexander Kretzberg Bryant Krongard Simon Kubbies Adam Kulik Peter Kulka Ajeya Kumar Aditya Kurella Sara Lachapelle Raagini, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary LeDonne, Allison Lee Michael Lee Soohyun Lee Victoria Lewis Alice Li Qing Li George Lin Ali Lippert David Lipworth Bozhena Lisko, Murphy Mark Littlewood Zhenyi Liu Yelli Lobel Avinash Lobo Burke Loeffler Gabriela Lopez Cristian Lopez, Balboa Carlos Lopez Torrero Stephanie Louie Edward Lowe Reynolds Lowry Fei Luo Ranjan Luthra Sangeetha M Martin Ma Matthew Maciaszek Michael Magee Steffen Mahringer Poonam Majithia Terres Maloney Gopal Manchikanti Jade Mandel, Manfay Varun, Pierre Marboeuf Matt Margolin Thiago Marinheiro Kevin Martens Masato Maruyama Lucinda Mataka Rishi Mathur Pierre Maugest Scott Maxfield Andrei Maxim Michael McClurg Selina McCole Jeff McCown Andrea McGee Sinead McGuigan John McGuinness Benjamin McRoberts Amit Mehrotra Gaurav Mehta Kelly Mellecker Josef Menasche Raf Mercado Alexander Mielke Rachel Miles Christopher Miller Megan Miller Robert Miller Max Minton Edward Mitchell Oliver Money Tyler Moni Anna Montvai Taylor Moore Anthony Moschella Brandon Moy Faraz Munaim Sasha Munn Ashok Musuvathy Negar, Julian Naden Robinson Hiroki Nagamine Srijith Nair Cornelius Namiluko Sanjiv Nanwani Jay Narain Robert Andranik Nazarian Jovan Negovan Ryan Newman Michael Ng, Tasuku Nishihara John Nixon Kristy Nomi Alexandre Nunes Patrick O'Callaghan Yusuke Ochi KC O'Connor David Olivares Erica Olsen Victoria Ortengren Anas, Peter Pace Robert Packwood Nitin, Ellen Pak Ruth Pan Pedro Panizo Jayshri, Rahul Parikh Dan Parisi Freddie Parker Phil Parsons Peter Paruch Paul Pate Bella Patel Preya Patel Rakesh Patel Amit Patni Ed Paulinski Adam Pennacchio Kyle Penton Abhishek Periwal Michael Perrier Yoric Perrin Rasmus Persson Tommy Pinhas, Marco Poletti Megan Prasad Avijit Praveer James Puccinelli Sameer Punde Rob Pyne Na Qiao Valentina Quadri Marco Quirico Anya Radford Abhishek Rai Rahul Raj Ram Rajamony Ryan Ramsay Rami Rankoussi Nach Rao Pawan Rao Anurag Rathi Philip Renton Noel Reyes Ruth Reynolds Timothy Richards Peter Richter Brigid Riley Hutchinson Nick Rill Kristina Ristagno Vicky Ritter Martin Roberson James Roberts James Robinson Giorgio, Erin Roos Erin Ross Sumit Roy Conrad Ryan Soo, Ryu David Sage Jai Sahani Namita, Sarah Sakkej Karim Saleh Ayesha Salman Divya Samani Henrik Samuelsson Ryan Sansalone Vikram Sarker Shalini Satish Babu Charlotte Saury, Hania Schmidt Helene Schmitt Emily Schorr Wendy Schrunk Thomas Schwegler Michael Sciancalepore Brandon Seaman Benjamin Seigel Gamal Selvarajah Nicholas Semeniuk Devjoy Sengupta Michael Shafik Arpan Shah Shashwat Shah Shahnawaz Shahbaz Manoj Sharma Sachin Sharma Wazila, Gunduz Shirin Alex Silver Asmita Singh Kamalpreet Singh Andrew Sinnott Sapna, Dan Skinner Andrew Snow Stephanie Snyder Farouk Soussa Christopher Spahr Erik Sparks Matt Speltz Naveen Srinivasan Bhargav, Warren, Damian Steele Tobias Stein Catherine Stemp Dave Stringer Shekar Subramanian Jordan Sudy Philipp Suess Fatima Sultana Lu Sun Kumar Sundaram Fiona Syer Matthew Sykes Tofi, Filippo Taddei Sandhya Tadishetty Omer Tanvir Rita Taylor Zachary Tcheyan Brian Teague Wesley, Caitlin Terry Thomas Tesauro Hemal, Justin Therry Christine Thornburg Gregory Thysheril Angelo Tierno Alexander Tingle Ryan Townsend Cynthia Trillo Dimitris, Jessica Tung Jonathan Tung Ezgi, Zachary Upcheshaw Kiyomi, Nadine Urseanu Jim Vais Pim Valantagul Perrin Van Allen Annerieke van Dijk Jeroen van Dorp Dennis van Laer Todd van Stolk, Riley Jacqueline Vargas Alexander Vavalidis Edwin Velez Prasanna Venugopal Tim Verheyden Amanda Verstegen Ankit Vijay Vargiya Salvador Villanueva Arthur Villard Sichel Denzel Voesenek Bradley Wainwright Adam Walker Barbara Walters Omar Waly Daniel Wang Kenneth Wang Kristen Ward Gavin Warren Michael Washington Harry Webster Fredrik Weege Brian Weiss Thomas Weitz Nat Wells Joe Wenzel Tim Whitehead Henry Willans Matthew Williams Taylor Williams Katie Wilson Richard Wilson Stephanie Wisner Ilana Wolfe Jake Woodson Jeff Wu Qi Wu Jackson Yang Esma, Yoon Harm, John Zhai Jenny Zhang Lynn Zhang Raye Zhu Jane Zhuang Hans Zijlmans Carolyn Zimmer Samia Zitouni Mira Zorkot Organizations: Goldman, Wall, Carolina, Nick De Kock Ann de la Montaigne, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary Locations: Europe, Asia, India

☆ Reid Hoffman-backed PAC may fund primary campaign against progressives Rashida Tlaib, Cori Bush
▼ + stars: | 2023-11-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Mehlhorn told CNBC that he recently approached the heads of the Mainstream Democrats PAC about the idea of backing a primary effort against the two progressive House lawmakers. "I have been asking them [Mainstream Democrats PAC] if there is any possibility of ousting the most extreme members of Congress, and I have been asking about Cori Bush and Rashida Tlaib," Mehlhorn said on Wednesday. The possible primary fight would be the latest election cycle that the Mainstream Democrats PAC has moved against candidates from within the Democratic Party. The Mainstream Democrats PAC helped defeat some progressive Democrats during the 2022 congressional midterms, according to data from the nonpartisan OpenSecrets. The Democratic Majority for Israel's nonprofit donated $500,000 to the Mainstream Democrats PAC last year, according to an FEC record.

Persons: Reid Hoffman, Rashida Tlaib, Cori Bush, Dmitri Mehlhorn, Mehlhorn, Bush, Alexandria Ocasio, Cortez, Jamaal Bowman, Rashida, Hoffman, it's, Deborah Simon, Mel Simon, Daniel Benton, Paul Finnegan, Wesley Bell, Sen, Josh Hawley, Tlaib, Nina Turner, Shontel Brown, Henry Cuellar, Jessica Cisneros Organizations: LinkedIn, CNBC, Mainstream Democrats PAC, New York Democratic, Mainstream, PAC, Mainstream Democrats, Democratic Party, Democrats, Commission, FEC, Simon Property Group, Rep, Democratic, Israel Locations: New York City, U.S, Gaza, Louis, Ohio, Texas, Israel

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