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☆ Kamala Harris has Biden's endorsement as Democratic nominee. Here are her next steps
▼ + stars: | 2024-07-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Kevin Mohatt | ReutersVice President Kamala Harris on Sunday received President Joe Biden's endorsement to replace him at the top of the Democratic ticket in the race against Donald Trump. "I am honored to have the President's endorsement and my intention is to earn and win this nomination," Harris said in a Sunday statement. Biden's endorsement puts Harris on a glidepath to the Democratic nomination. Secure nominationThough Harris has a significant leg-up with Biden's endorsement, she is not the Democratic nominee until the necessary number of delegates say so. The voting process will repeat itself until a candidate wins a majority and can be officially designated the Democratic nominee.

Persons: Kamala Harris, Kevin Mohatt, Joe Biden's, Donald Trump, Harris, Carol Hamilton, Josh Shapiro, Andy Beshear, Arizona Sen, Mark Kelly, Roy Cooper, J.B ., Pete Buttigieg, Gretchen Whitmer, Biden, Anna Massoglia Organizations: Air Force, Joint Base Andrews, Reuters, Sunday, Democratic, Democrats, Trump, CNBC, Pennsylvania, Kentucky Gov, North Carolina Gov, Illinois Gov, J.B . Pritzker, Transportation, Michigan Gov, Democratic National Convention, Federal Locations: Philadelphia , Pennsylvania, Joint Base Andrews , Maryland, U.S, India, Jamaica, Kentucky, Arizona, Illinois, Chicago

☆ 8 of the biggest stock market crashes in history — and how they changed our financial lives
▼ + stars: | 2024-07-19 | by ( Rebecca Reisner | Richard Richtmyer | ) www.businessinsider.com time to read: +20 min

While the triggers for stock market crashes vary, the ultimate outcome is always the same: the market recovers. Here's a summary of eight of the most notable stock market crashes in history, their causes, and their fallout. Stock market crash FAQWhat happens when a stock market crashes? Numerous things can cause a stock market to crash, including:PanicNatural or man-made disastersEconomic crisesSpeculationCan a stock market crash be prevented? Unlike a bear market, stock market corrections are often short and usually work themselves out.

Persons: It's, Terry Marsh, Here's, Stocks, Carola Frydman, J.P, Morgan, —, Blair Hull, Alan Greenspan, Marc Chandler, Marsh, weren't, Tyler Muir, Thai bhat, Paula Bronstein, Stringer, Chandler, chipmaker, WebVan.com, Muir, The, Lehman Brothers, NICHOLAS ROBERTS, homebuyers, Bear, Lehman, Fannie Mae, Freddie Mac, Dodd, Frank Wall, Europe —, Italy — Organizations: Federal Reserve System, SEC, FDIC, Haas School of Business, University of California, Federal Reserve, United Copper Company, UCC, Kellogg School of Management, Northwestern University, Federal, System, Dow Jones, Gross, Federal Deposit Insurance Corporation, Securities and Exchange Commission, Dow, Nasdaq, Chicago, Black, Bannockburn Global Forex, UCLA Anderson School of Management, Getty, Asia, International Monetary Fund, chipmaker Qualcomm, The Sarbanes, Oxley, Investors, Financial, Bear Stearns, Lehman Brothers, Nikkei, US, Asset, Frank Wall Street Reform, Consumer, Consumer Financial, Dow Jones Industrial, Center, Budget, Stock, Corrections Locations: University of California Berkeley, AFP, Iran, Bannockburn, Japan, Thai, Asia, Thailand, Malaysia, Indonesia, South Korea, COVID, China, Europe, Italy, Chevron

☆ Serve Robotics stock soars 241% after Nvidia takes $4 million stake in the company
▼ + stars: | 2024-07-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Serve Robotics' shares soared 241% after Nvidia disclosed a stake in the company. Serve Robotics focuses on self-driving delivery vehicles for last-mile deliveries. AdvertisementShares of Serve Robotics soared as much as 241% on Friday after Nvidia disclosed a stake in the company. The bond was converted to stock following Serve Robotics public debut in April. In February, Nvidia disclosed relatively small investments in SoundHound AI and Nano X Imaging, resulting in similarly big stock price moves.

Persons: —, Serve's, Uber Organizations: Robotics, Nvidia, Service, SEC Locations: Los Angeles, San Diego, Dallas, Vancouver

☆ CrowdStrike's terms and conditions say most customers would just get a refund due to the massive outage, cybersecurity lawyer says
▼ + stars: | 2024-07-19 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

But, according to the cybersecurity company's terms and conditions, CrowdStrike doesn't have to shell out anything more than a simple refund. The terms for CrowdStrike's Falcon security software — which is used by companies and government agencies around the world — limit liability to "fees paid." AdvertisementThat means CrowdStrike users who signed the standard terms and conditions can't expect to get more than a refund from the company, Waller said. Related storiesBigger companies using CrowdStrike's software — like some of the airlines or hospital chains affected — may have negotiated different terms and conditions contracts with the cybersecurity company. According to Waller, most cyber insurance companies have policies that cover "contingent business interruption" or "dependent business interruption."

Persons: —, Elizabeth Burgin Waller, Woods, Waller, CrowdStrike didn't, I've, CrowdStrike, We've, SolarWinds, Paul Engelmayer Organizations: Service, CrowdStrike's Falcon, Business, CrowdStrike, Woods Rogers, CrowdStrike's, SEC, Securities and Exchange Commission Locations: Manhattan, Russian

☆ Greater risk is paying off for these tax-free bonds. Here’s how they may fit into your portfolio
▼ + stars: | 2024-07-18 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

When it comes to tax-free municipal bonds, investors who are comfortable with taking more risk are seeing attractive returns. High-yield municipal bonds – issues that are rated below BBB by Standard & Poor's – have greater default risk than their investment-grade counterparts. Muni bonds provide tax-free income on a federal basis – and on a state basis if the investor resides in the same state as the issuer. High-yield muni bond funds have seen estimated net flows of $6.76 billion in 2024 as of June 30, according to Morningstar. Before you step in Investors looking at high-yield muni bonds, be it individual issues or the funds, ought to consider their risk appetite and their goals.

Persons: Morningstar, Beth Foos, munis, you've, Matthew Norton, Norton, Mathew Kiselak, that's, Kiselak, Morningstar's Organizations: Standard, Bank of America . Investment, muni, Morningstar, SEC Locations: corporates

☆ SEC sues Trump Media SPAC ex-CEO Patrick Orlando for alleged fraud
▼ + stars: | 2024-07-18 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

The US Securities and Exchange Commission (SEC) headquarters in Washington, DC, US, on Wednesday, Jan. 10, 2024. The U.S. Securities and Exchange Commission sued the former CEO of the blank-check company that merged with Trump Media , accusing him of lying about his firm's plans to combine with Donald Trump's social media startup. "He had personally engaged in numerous lengthy discussions" with Trump Media's representatives, and he had targeted the company "for months," the SEC alleged. Orlando and Trump Media did not immediately respond to CNBC's requests for comment. Trump Media and Digital World completed their lengthy public merger in March, allowing the company behind the Truth Social platform to trade on the Nasdaq under the stock ticker DJT.

Persons: Donald Trump's, Patrick Orlando, Orlando Organizations: US Securities and Exchange Commission, SEC, U.S . Securities, Exchange Commission, Trump Media, Washington , D.C, Trump Media's, Orlando, Nasdaq Locations: Washington , DC, Washington ,

☆ Mark Cuban says Silicon Valley's bet on Trump is a 'Bitcoin play'
▼ + stars: | 2024-07-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Mark Cuban says Silicon Valley's support Trump could be a bet on higher Bitcoin prices. The tax cuts, tariffs and uncertainty that comes with a Trump win will push prices, Cuban said. AdvertisementMark Cuban says he has a "contrary opinion" on why Silicon Valley's tech titans have decided to back former President Donald Trump. Cuban explained that the outpouring of support wasn't so much because they saw Trump as a "far stronger proponent of crypto." This story is available exclusively to Business Insider subscribers.

Persons: Elon Musk, Marc Andreessen, Donald Trump's, Mark Cuban, Trump, —, Donald Trump, Cuban Organizations: Trump, Service, SEC, Business

☆ Ex-CEO of company that helped Trump Media go public accused of securities fraud
▼ + stars: | 2024-07-18 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

The SEC has sued the former chief executive of the SPAC that helped take Trump's media company public. Patrick Orlando "falsely represented" his SPAC's talks with Trump Media, the SEC said. AdvertisementThe Securities and Exchange Commission (SEC) has sued Patrick Orlando — the former chairman and CEO of the SPAC that helped take Donald Trump's media company public. The SEC says Orlando "falsely represented" that his blank check company, Digital World Acquisition Corp. (DWAC), wasn't planning to merge with a specific target. Orlando had actually been having "numerous lengthy discussions" with Trump Media & Technology Group (TMTG).

Persons: Patrick Orlando, —, Patrick Orlando —, Donald Trump's, Orlando Organizations: SEC, Trump Media, Service, Securities, Exchange Commission, Corp, Trump Media & Technology, Business

☆ A rash of tech billionaires are pivoting to Trump — but not because they’re MAGA bros
▼ + stars: | 2024-07-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

But there’s a small, powerful sect of Silicon Valley billionaires who are carving a path for the maybe-Trumpers and the MAGA-curious in the tech world. David Sacks, the billionaire tech investor, co-hosted a fundraiser last month at his San Francisco home and spoke at the Republican National Convention on Monday. In the last election cycle, the few Trump backers that existed in the Valley largely kept their support under the radar. Their numbers are still small, but they’re no longer hiding, and their wallets are open. And, as Kovacevich notes, just because there are a few big names turning toward Trump, “they’re not speaking for everybody.”“In fact, most of the big company CEOs aren’t terribly involved in partisan politics,” Kovacevich says.

Persons: CNN Business ’, Hillary Clinton, Joe Biden, MAGA, Elon Musk, Trump, David Sacks, San Francisco, Doug Leone, Palantir, Joe Lonsdale, what’s, Adam Kovacevich, ”, “, Biden, Lina Khan, Joe Biden’s, Gary Gensler, who’s, Marc Andreessen, Ben Horowitz, Trump’s, hasn’t, they’ve, Reid Hoffman, Eric Schmidt, aren’t, ” Kovacevich, “ They’re Organizations: CNN Business, New York CNN, Silicon, Wall Street, Trump, America PAC, San, Republican National Convention, Sequoia Capital, Biden, of, Financial Times, SEC, Big Tech, LinkedIn, Google Locations: New York, Silicon

☆ Former SEC Chair Jay Clayton: Sen. JD Vance is appealing to the everyday American
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer SEC Chair Jay Clayton: Sen. JD Vance is appealing to the everyday AmericanFormer SEC Chairman Jay Clayton joins 'Squawk Box' to discuss Ohio Senator JD Vance's speech at the Republican National Convention, what a Trump-Vance economic agenda would look like, future of government regulations, and more.

Persons: Jay Clayton, Sen, JD Vance, JD Vance's, Vance Organizations: SEC, American, Ohio, Republican National Convention

☆ Stanley Druckenmiller hits another home run in small caps after nailing the Nvidia trade
▼ + stars: | 2024-07-17 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Stanley Druckenmiller , still basking in his winning Nvidia bet, has hit another home run in this bull market. When Druckenmiller acquired the position in the first quarter, small caps were significantly underperforming their large-cap counterparts. Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992. After the stock soared from $150 to above $900, Druckenmiller slashed the stake. A lot of what we recognized has become recognized by the marketplace now," Druckenmiller said on CNBC at the time.

Persons: Stanley Druckenmiller, Druckenmiller, Russell, George Soros, bullish, We've Organizations: Nvidia, Duquesne Family Office, Investment, SEC, Quantum Fund, Duquesne Capital Management, CNBC

☆ This 'steadfast' muni bond fund strives for long-term outperformance. Here's where it is investing
▼ + stars: | 2024-07-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

When it comes to investing in municipal bonds, the Fidelity Intermediate Municipal Income Fund (FLTMX) has a "steadfast" approach that has served investors well, according to Morningstar. They look at the yield curve, credit quality and structure of the bond when assessing assets, he added. The result is a 45.5% allocation to AA-rated munis, 31% in A-rated and 7% in BBB-rated municipal bonds. The team also makes a lot of small bets instead of relying on big investments that can make or break a portfolio, Maka added. So we've been buying some of those deep discount securities that were hit hard as rates rose," Maka explained.

Persons: Morningstar, Michael Maka, We're, Maka, FLTMX, Bond, we've, muni, it's, Elizabeth Foos Organizations: Fidelity, Income Fund, SEC, Federal Reserve, Revenue, BBB, AAA, Bloomberg

☆ Opinion: My teenage son had an influencer in his class. This is what it was like
▼ + stars: | 2024-07-17 | by ( Opinion Michelle Leder | ) edition.cnn.com time to read: +5 min

More than a few still carry the scars, including one 80-year-old woman I recently spoke to about her middle school experience. Instead of facing a mean girl or boy of his own, he wound up with a social media influencer in his class who held sway over the entire grade. “All of these issues with social media are coming to a head right now and there’s wildly insufficient research,” Marc Berkman, CEO of the non-profit Organization for Social Media Safety, told me recently. Middle school is complicated enough without all the extra pressures generated by having a social media influencer sitting next to you. From middle school science class, we know that a fire needs oxygen to burn.

Persons: Michelle Leder, Michelle Leder Scott Cooper, cooties, she’d, ” Marc Berkman, ”, Zers, influencer Organizations: SEC, CNN, Social Media Safety, Twitter, Facebook Studies, Wall Street Journal Locations: Louisville , Kentucky, Brooklyn , New York, —

Andreessen and Horowitz are the latest and most prominent members of the startup investing community to publicly support Trump. Up until now, there have been pockets of vocal Trump support within Silicon Valley, including conservative provocateur Peter Thiel, the pugnacious hosts of the All-In podcast, and Palantir co-founder Joe Lonsdale. WE HAVE A FORMER TECH VC IN THE WHITE HOUSE. Most of the VCs Business Insider spoke to were unanimously against Kahn. "If it is Biden vs. Trump officially, I think many '"never Trumpers" will go with Trump," said a Bay Area VC.

Persons: —, Andreessen Horowitz, Ben Horowitz, Marc Andreessen, Donald Trump, Sen, JD Vance, Peter Thiel's, Steve Case, Andreessen, Horowitz, provocateur Peter Thiel, Palantir, Joe Lonsdale, Elon Musk, who's, Joe Biden, Vance, Trump, IT'S JD VANCE, WE, MAGA, he's, Bradley Tusk, Chuck Schumer, Tusk, Lina Khan, That's, what's, Kahn, Lina Kahn, Khan, Biden, they're, David Hornik Organizations: Service, The Little, Business, Trump, Wall Street, Founder's Fund, TECH, Democratic, Biden, FTC, SEC, Bay, Republican, Sequoia Capital, Lobby Locations: America, Silicon Valley, New York, Delian, San Francisco, Silicon, There's

☆ Ethereum co-founder warns against voting only on 'pro-crypto,' a day after a16z founders support Trump
▼ + stars: | 2024-07-17 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

Ethereum co-creator Vitalik Buterin on Wednesday cautioned against voting for political candidates based solely on whether they have adopted a "pro-crypto" stance. The best example of this is, predictably, modern Russia," added Buterin, a Russia-born coder who built ethereum in his late teens. Buterin did not single out any names in his post of either political candidates, or of those opting to support them. It comes in stark contrast to the Joe Biden White House, which has been seen as hard on crypto. However, the perception that Biden is anti-crypto and Trump is pro-crypto has some Biden allies concerned enough to take their case directly to senior White House officials.

Persons: Ethereum, Vitalik Buterin, Buterin, Putin, Donald Trump, Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Donald Trump's, Ben, Marc Show, Horowitz, Joe Biden, They've, They're, Andreesen Horowitz, Coinbase, coder, Tesla, Elon Musk, Peter Thiel, Tyler, Cameron Winklevoss, Trump, —, Sen, Elizabeth Warren, bitcoiners, JD Vance, Vance, Biden Organizations: Republican National Convention, U.S . Securities, Exchange Commission, Federal Deposit Insurance Corporation, Trump, Trump —, solana, Internal Revenue Service, Libertarian National Convention, Republican, Joe Biden White, SEC, Biden, White House Locations: Milwaukee, U.S, Russia, San Francisco, Washington, Mar, Nashville , Tennessee

☆ Dollar drifts as Powell comments bring September rate cut in focus
▼ + stars: | 2024-07-16 | by ( ) www.cnbc.com time to read: +3 min

The dollar fell slightly on Monday after comments from Federal Reserve Chair Jerome Powell, while cryptocurrencies rose on bets that an assassination attempt on former President Donald Trump lifted his reelection chances. The dollar hung around five-week lows on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a rate cut in September, while cryptocurrencies gained on rising odds of former President Donald Trump getting reelected. The comments, likely Powell's last until his press conference following the Fed's July 30-31 meeting, shifted rate cut expectations. Markets are now anticipating 68 basis points of easing this year, with a rate cut in September fully priced in, CME FedWatch tool showed. "Markets may need to wait longer for the confirmation of their September rate cut hopes, and growth and labor data will be on the radar such as retail sales today."

Persons: Jerome Powell, Donald Trump, cryptocurrencies, Powell, We've, Charu Chanana, Trump, Gary Gensler, Chris Weston Organizations: Federal, Economic, of Washington, Saxo, Traders, Bank of Japan, Republican, cryptocurrency, San, SEC, New Zealand Locations: Tokyo, San Francisco

☆ OpenAI whistleblowers ask SEC to investigate alleged restrictive non-disclosure agreements
▼ + stars: | 2024-07-13 | by ( Chandni Shah | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights New Tab , opens new tabJuly 13 (Reuters) - OpenAI whistleblowers have filed a complaint with the U.S. Securities and Exchange Commission, calling for an investigation over the artificial intelligence company's allegedly restrictive non-disclosure agreements, according to a letter seen by Reuters. The AI company allegedly made employees sign agreements that required them to waive their federal rights to whistleblower compensation, according to the letter. The whistleblowers requested the SEC to fine OpenAI for each improper agreement made to the extent the agency deemed appropriate. The whistleblowers alleged that OpenAI issued overly restrictive employment, severance and non-disclosure agreements to its employees, which could have led to penalties against workers who raised concerns about OpenAI to federal authorities. The letter also asked the SEC to require OpenAI to produce every contract that contained a non-disclosure agreement, including employment agreements, severance agreements and investor agreements for inspection.

Persons: Dado Ruvic, Sen, Chuck Grassley, OpenAI, Grassley, Sam Altman, Chandni Shah, Jonathan Landay, Franklin Paul, Diane Craft Organizations: REUTERS, U.S . Securities, Exchange Commission, Reuters, SEC, Washington Post, Security, Thomson Locations: Bengaluru, Washington

☆ Donald Trump's digital leash has been removed as Meta rolls back the last of its Jan 6-era restrictions on his accounts
▼ + stars: | 2024-07-13 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Read previewDonald Trump's social media accounts have returned to pre-Capitol riot status. Meta appears to be the final major social media platform to roll back the last of its January 6-era restrictions on Trump's accounts. AdvertisementAfter Elon Musk purchased Twitter, he reinstated Trump's account in November 2022. Though his old social media accounts are now unrestricted and boasting tens of millions of followers, Trump is still primarily sticking with his own company, Truth Social. AdvertisementRepresentatives for the Trump campaign did not immediately respond to a request for comment from Business Insider.

Persons: —, Donald, Meta, Trump, Mark Zuckerberg, he's, Elon Musk Organizations: Service, Capitol, Meta, Business, Facebook, Republican, Trump, Google, Twitter, YouTube, Truth, Truth Social, SEC Locations: United States

☆ AT&T says hackers stole records of nearly all cell customers' calls and texts
▼ + stars: | 2024-07-12 | by ( Patrick Smith | ) www.cnbc.com time to read: +2 min

A pedestrian walks by a sign posted in front of an AT&T store on June 20, 2023 in San Francisco, California. Hackers stole six months' worth of call and text message records of nearly every AT&T cellular network customer, the company said Friday. The data contains records of calls and texts between approximately May 1 and Oct. 31, 2022, and on Jan. 2, 2023. The content of the calls and messages was not compromised and customers' personal information was not accessed — but the records did include phone numbers. The company sought to assure customers that, at least as of Friday, "AT&T does not believe that the data is publicly available."

Organizations: SEC, U.S . Justice Department Locations: San Francisco , California

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouse fails to override veto of SEC crypto guidance, and probe into Stacks ends: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Bill Barhydt, founder and CEO of Abra, a global platform for digital asset prime services and wealth management, weighs in on why the price of bitcoin has been stuck below $60,000.

Persons: explainers, Bill Barhydt Organizations: Email, SEC, CNBC Crypto, CNBC Locations: Abra

☆ Former SEC Chair Jay Clayton on Biden's NATO presser: Republican Party was the winner last night
▼ + stars: | 2024-07-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer SEC Chair Jay Clayton on Biden's NATO presser: Republican Party was the winner last nightFormer SEC Chairman Jay Clayton joins 'Squawk Box' to discuss the fallout from President Biden's NATO press conference on Thursday, whether the president should stay in the race, state of the 2024 election, and more.

Persons: Jay Clayton, NATO presser, Biden's Organizations: SEC, NATO, Republican Party, Biden's NATO

☆ Proxy advisor backs activist Politan nominees in scathing Masimo report
▼ + stars: | 2024-07-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Proxy advisory firm Glass Lewis on Thursday recommended that shareholders of Masimo , the medical technology firm best known for its Apple Watch patent litigation, elect dissident Politan's two nominees, Bill Jellison and Darlene Solomon. Masimo's board includes Kiani, former Disney CEO Bob Chapek and Politan managing member Quentin Koffey, who overwhelmingly won the election last year. Glass Lewis tacitly endorsed that criticism in its report, writing that the company displayed "de minimus responsibility" and "poor governance." Alongside its larger peer Institutional Shareholder Services, though, Glass Lewis reports are considered highly important to passive investors. Glass Lewis responded to RTW with an offer to meet on July 8, shortly after Politan's allegations were publicized in an SEC filing.

Persons: Joe Kiani, Glass Lewis, Politan's, Bill Jellison, Darlene Solomon, Kiani, Bob Chapek, Quentin Koffey, Kiani —, Politan, Jellison, RTW, Christopher Chavez, RTW's Organizations: Enercare, Masimo, Apple Watch, CNBC, Disney, Services, ISS, Kiani, SEC Locations: Toronto, Canada, Solomon, Politan

☆ Student-loan borrowers are entering a new 'Wild West' where any form of debt relief is much less certain
▼ + stars: | 2024-07-11 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Read previewLegal challenges against student-debt relief efforts continue, making the fate of millions of borrowers all the more uncertain. When it comes to higher education, the ruling will impose more barriers on regulations that are particularly controversial, like efforts to forgive student debt. The Education Department is working on finalizing its second attempt at a broader debt relief plan, which it hopes to implement this fall. But striking down Chevron could pose even more barriers to debt relief and many higher education regulations borrowers rely on. After the Supreme Court's Chevron ruling, Sen. Bill Cassidy — top Republican on the Senate education committee — sent a letter to Education Sec.

Persons: —, Chevron, Jon Fansmith, Fansmith, Joe Biden, haven't, It's, Neal Hutchens, Sen, Bill Cassidy —, Miguel Cardona, Cassidy, Hutchens Organizations: Service, Business, American Council, Education, Higher, Education Department, Chevron, of Educational Policy, University of Kentucky, Republican, Sec Locations: Chevron

☆ Read Intuit CEO's message announcing over 1,000 layoffs due to performance — but the company is hiring 1,800 in areas like AI
▼ + stars: | 2024-07-11 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Intuit's CEO wrote in an email to staff that 1,050 of 1,800 cut employees didn't meet expectations. The company is moving forward with a reorganization plan to focus on "key growth areas" like AI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "We've significantly raised the bar on our expectations of employee performance," the CEO wrote in the email included in an SEC filing. CEO Sasan Goodarzi added in the email that the company believes the staff would find more success elsewhere, the report said.

Persons: —, We've, Sasan Goodarzi Organizations: Service, Intuit, SEC, Business

☆ Why Amazon wants you to pick up your Prime Day orders this year
▼ + stars: | 2024-07-10 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

If shoppers already go to Amazon's stores or other places with an Amazon locker, it's quite convenient, said Jeremy Bartlow, a partner and consumer expert at PA Consulting. There's another reason why Amazon would love for you to pick up your Prime Day deals instead of delivering them to your front door: their bottom line. AdvertisementEarlier this year, Amazon offered a discount at Amazon Fresh grocery stores if patrons used one of the supermarkets to return something they bought on Amazon.com, for example. Whole Foods and Fresh Prime customers can also get their groceries selected from the selves and pre-packed for pick-up for free. Do you work for Amazon, Whole Foods, or Amazon Fresh and have a story idea?

Persons: —, Amazon, Prime's, Jeremy Bartlow, Bartlow, you've Organizations: Service, Business, Foods, Amazon, U.S, PA Consulting, SEC, U.S . Postal Service, Amazon Fresh, Fresh Locations: U.S

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