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Read previewFor Wall Street, policy — not politics — is the motto leading up to November. Death and taxesUnsurprisingly, tax policy is at the top of money managers' minds, according to Frank Kelly, senior political strategist at DWS. The filibusterThere's an under-the-radar issue keeping portfolio managers up at night: the elimination of the filibuster, according to Kelly's conversations with clients. Wall Street analysts expect a very close election, and even a minute change could be enough to push the needle on the outcome for either candidate. Given how important gridlock is to the market, there's not enough conversation around the impacts of eliminating the filibuster, Kelly believes.
Persons: , Kamala Harris, Donald Trump, DWS, Frank Kelly, Harris, Trump, David Bianco, Bianco, Goldman Sachs, Chuck Schumer, Kelly, Monica Guerra, Morgan Stanley, Morgan Stanley Wealth Management's, it's, Jack Ablin, Washington doesn't Organizations: Service, Asset Management, Business, Trump, Jobs, DWS, Wall Street, Morgan Stanley Wealth, Cresset Capital Management, White, Washington, Democrats, Republicans Locations: DWS Americas
Read previewThe Federal Reserve is expected to slash interest rates today for the first time since 2020 as the labor market and inflation continue to cool. AdvertisementAssuming a 25-basis-point cut at every FOMC meeting until next July, that would leave an extra 75 basis points the central bank would have to work into its policy adjustments over that time. One is that the consumer could be weaker than they appear, and the labor market is likely to deteriorate further. AdvertisementWhile the Fed hopes to stimulate spending with rate cuts, Tombs is skeptical that they'll the impact the central bank wants. Advertisement"New mortgage rates need to drop by about 250bp before they will undershoot the average outstanding mortgage rate," Tombs wrote.
Persons: , Jerome Powell's, Samuel Tombs, Tombs Organizations: Service, Business, Macroeconomics Locations: Jackson Hole , Wyoming
While top executives from Alphabet , Meta and Microsoft are headed to Capitol Hill on Wednesday for a hearing on election threats, Elon Musk's X won't be participating. A representative for Sen. Mark R. Warner, the Democratic chair of the Senate Intelligence Committee, said in an emailed statement that X "declined to send an appropriate witness." The hearing is titled "Foreign Threats to Elections in 2024 — Roles and Responsibilities of U.S. Tech Providers." On Wednesday, Musk shared a false story on X that claimed explosives were found in a car near Trump's planned rally in Long Island, New York. "Under X, they are absent and some of the most egregious activity has taken place" on the platform, Warner said.
Persons: Elon Musk's, Sen, Mark R, Nick Pickles, Pickles, Kent Walker, Nick Clegg, Brad Smith, Marco Rubio, Joe Biden, Donald Trump, Biden, Merrick Garland, Musk, Kamala Harris, Harris, Warner Organizations: Microsoft, Capitol Hill, Warner, Democratic, Senate Intelligence, X, CNBC, U.S . Tech Providers, Republican, Social Design Agency, U.S . Department, Foreign Assets, Nassau County police, SpaceX, FAA Locations: Russian, Russia, Iran, China, Long Island , New York, Nassau County
On Monday, Putin ordered the army to increase its troops by 180,000, per a decree published by the Kremlin. This will raise the overall number of Russian military personnel to 2.38 million people, with 1.5 million of them being active soldiers. AdvertisementThe gear coming off the production line "will still be substantial," Reynolds told BI in an interview on Wednesday. Russia has "adapted much better than predicted to some of the pressures it's been put under," Reynolds told BI. Other experts BI spoke to said that while Putin might still be able to grow Russia's army, it may only add more strain to the already-stretched Russian labor force.
Persons: , Vladimir Putin, Putin, Nick Reynolds, Reynolds, That's, It's, it's, Artem Kochev, Kochev, Benjamin Hilgenstock, Jeremy Morris Organizations: Service, Kremlin, Business, International Institute for Strategic Studies, Royal United Services Institute, Vienna Institute for International Economic Studies, Kommersant, Kyiv School of Economics Institute, Bloomberg, Russian Armed Forces, Aarhus University Locations: Russia, China, India, Ukraine, Moscow
This story is available exclusively to Business Insider subscribers. Jason Redmond/AFP/Getty ImagesA good chunk of the executives Darius highlighted aren't involved in OpenAI's tech. Some of OpenAI's most high-profile executives are instead addressing legal challenges and lobbying regulators in the US and abroad. It's a nod to the fact OpenAI's biggest upcoming fights will take place in a courtroom as opposed to a computer screen. Luckily for you, Business Insider has identified the most famous book set in every state.
Persons: , Tyler Le, Sam Altman, Altman, he's, Darius Rafieyan, OpenAI, Darius, it's, Jason Redmond, aren't, It's, Justin Trudeau's, Somodevilla, Warren Buffett, David Einhorn, Chelsea Jia Feng, Amazon's, Natalie Ammari, Harris, Jamie Dimon, Dimon, Harvey Weinstein, world's, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Apple, Getty, OpenAI, BMO Capital Markets, Healthcare, Amazon, Google, Trump, Facebook, Reading, Fed, The Locations: AFP, New York, London
Georgia is rich in EV money and jobs
  + stars: | 2024-09-18 | by ( John Towfighi | ) www.businessinsider.com   time to read: +6 min
Since 2022, the Peach State has added over 30,000 clean energy jobs, more than any other state, according to a June study by Climate Power, a strategic communications firm. The Bipartisan Infrastructure Law allocated over $175 million toward the EV battery supply chain in Georgia and $135 million over five years toward infrastructure for EV charging stations in Georgia. Investments in EV and battery manufacturing will boost job growth and output in both of these sectors, Benson said. Strong population growth remains a tailwind for Georgia's economic growth and EV industry, Benson said. Between 2021 and 2022, there were 327,795 people who moved into Georgia, according to data from the Census Bureau.
Persons: , Wells, Jackie Benson, Brian Kemp, It's, Biden, Benson Organizations: Service, Business, Peach State, Climate Power, Investments, Atlanta -, EV, Atlas Public, Environmental Defense Fund, Biden Administration, Law, Infrastructure Law, Hyundai, Kia, The Peach State Locations: Georgia, Wells, Atlanta, Georgia , Alabama, North Carolina, South Carolina, Tennessee, Michigan, West Point , Georgia, Wells Fargo, Florida , Texas , California, California, Texas
A neuroscientist scanned her own brain during pregnancy to track its changes. Go to newsletter preferences Thanks for signing up! AdvertisementFor how common the phrase "mommy brain" is, we still don't know much about how pregnancy, birth, and postpartum alter a person's brain. "It's shocking that in 2024, there's so little information available to us," Dr. Liz Chrastil, 43, a neuroscientist and associate professor at UC Irvine, told Business Insider. This story is available exclusively to Business Insider subscribers.
Persons: , Dr, Liz Chrastil Organizations: Service, UC Irvine, Business
Read previewJoan Vassos is happier than ever after getting another chance at love on the inaugural season of "The Golden Bachelorette." Now, Joan is reprioritizing herself on "The Golden Bachelorette," and it seems to have worked out in her favor. AdvertisementWith the season just beginning, here's what we could piece together about whether Joan gets engaged at the end of "The Golden Bachelorette." Joan described her season as emotional, adventurous, and funJoan Vassos on the series premiere of "The Golden Bachelorette." AdvertisementNew episodes of "The Golden Bachelorette" premiere on Wednesdays on ABC and stream the next day on Hulu.
Persons: , Joan Vassos, Joan, Gerry Turner, Gerry, John, reprioritizing, Gilles Mingasson, she'd, you've, Steve, Guy Gansert, Pascal Ibgui, Chock Chapple, Jordan Heller, Jordan, Chock, Pascal, Guy, he's, Reality Steve, who's, hasn't Organizations: Service, Business, Disney, ABC Locations: Reno , Nevada, Hulu
Hanna, based in Washington State, told Business Insider that when she got the "god-inspired" urge to start sprinting, she turned to her husband for help. By 2011, Hanna was fast enough to compete in the Washington State Senior Games, a sports competition for people over 50. The next year, she competed at the National Senior Games, which she has done three more times since. Hanna and her coach, Marcus Chambers, after she won gold at the 2024 Senior Games. Hanna won gold in the four by 100 metres with her relay team at this year's National Senior Games.
Persons: , Madonna Hanna, Hanna, hasn't, Marcus Chambers, it's, you've, Nathan K, Robert, Arlene Kogod, Bryan Goldberg, Mike Molloy Organizations: Service, Business, Washington State Senior Games, National Senior Games, Washington State, British, of Sports Medicine, Aging, Mayo Clinic, Senior Games Locations: Washington State
New York/London CNN —Tupperware Brands Corporation, whose food containers have been a mainstay in American kitchens, has filed for bankruptcy. “Over the last several years, the company’s financial position has been severely impacted by the challenging macroeconomic environment,” Laurie Ann Goldman, Tupperware president and CEO, said in a statement late Tuesday. Tupperware has historically only sold to consumers through so-called direct sales, most commonly at “Tupperware parties,” similar to cosmetic company Avon’s business model, and only began selling in Target in 2022. Many businesses file for bankruptcy protection to wind down some operations, shed debt and cut costs. A common route, also chosen by Tupperware, is Chapter 11 bankruptcy, which allows the company to solve its financial problems by restructuring.
Persons: ” Laurie Ann Goldman, ” Tupperware, Tupperware Organizations: London CNN — Tupperware Brands Corporation, , Tupperware, Target Locations: New York, London, South Carolina
Read previewLawyers for Sean "Diddy" Combs are trying again Wednesday to keep him out of jail ahead of his criminal trial, asking another federal judge to accept a $50 million bond package. Tarnofsky's decision meant Combs would be in jail ahead of his criminal trial, which has not yet been scheduled. Related storiesAngifilio stressed at the Tuesday hearing and in court documents that Combs had taken extraordinary measures to cooperate with prosecutors for months. Carter, the district court judge, may now decide whether to reconsider the terms of Comb's release and set him free pending trial. Combs or prosecutors may also appeal Carter's decision to the US Second Circuit Court of Appeals, and from there to the US Supreme Court.
Persons: , Sean, Diddy, Combs, Robyn Tarnofsky, Tarnofsky, Andrew Carter, Sam Bankman, Kelly, Ghislaine Maxwell, Michael Cohen, Marc Agnifilo, Cassie Ventura, Ventura, Agnifilo, Angifilio, Carter Organizations: Service, Business, of Prisons, Detention, Federal, Miami, Prosecutors, Metropolitan Detention, US, Circuit, Appeals Locations: Manhattan, Brooklyn's
The Fed should have cut interest rates a lot sooner, according to Jeff Gundlach. The "Bond King" thinks the economy is already in recession, as evidenced by rising layoffs. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Fed is cutting interest rates too late, as mounting job losses show that the US economy is already in a recession, according to Jeff Gundlach.
Persons: Jeff Gundlach, Organizations: Challenger, Service, Business
"Federal judges are gods, and they can get away with anything," Rahmani said. More than 30 conservative federal justices, members of Scalia's family, and several fellow members of the conservative Federalist Society also attended, ProPublica reported. Earlier this summer, President Joe Biden called on Congress to implement term limits and an enforceable code of ethics for Supreme Court justices. AdvertisementThe nine Supreme Court justices did agree to a code of conduct last year, modeling their new guidelines after the rules that govern federal judges. California Rep. Adam Schiff introduced a bill earlier this year that would expand penalties for federal judges who violate ethics rules.
Persons: , Aileen Cannon, ProPublica, Cannon, Judge Cannon, America's, Clarence Thomas, Harlan Crow, Samuel Alito, Rahmani, Antonin Scalia, Impeaching, Scott Lemieux, John J, SCOTUS, Joe Biden, Rahamni, Adam Schiff, Lemieux Organizations: Service, Trump, Business, Southern, Southern District of, Supreme, Law and Economics, George Mason University, Federalist Society, University of Washington, Los Angeles litigator Locations: Southern District, Southern District of Florida, Bali, Los Angeles, California
I was a couple of weeks into my new job in the school cafeteria when a first-grader named Olivia approached me with a note. I'm not a disciplinarianI was pleased last Spring when the school asked if I wanted a permanent position. I mostly worked in the middle school, and as we all know, middle school is tough. AdvertisementFiacco was given this heartfelt note from a grateful first grader in the school cafeteria where she works. I ran a successful business, but there I was, about to transition to serving food and mopping floors.
Persons: , Sarah Fiacco, Olivia, Mrs Fiacco, I'd, She'd, I'm, It's, Fiacco, — Kinsley, Carter, Kendall —, They'll Organizations: Service, Business, US Air Force Locations: Prattville , Alabama, Virginia, Alabama
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThis as-told-to essay is based on a conversation with Rohan Bhide, who moved from New York to Pune, India in 2024 to launch his startup. We knew we wanted to settle down in India, and our wedding next year became a deadline to get the ball rolling. We are working on launching a consumer tech product in the next few months. Even though I'm glad to be back in India, I definitely think the US is my second home now.
Persons: , Rohan Bhide, Sunny Doultani, I've Organizations: Service, University of Pennsylvania, Business, Meta, Google, Big Tech Locations: New York, Pune, India, Silicon, StubHub
Combs‘ decision to settle the lawsuit does not in any way undermine his flat-out denial of the claims,” Combs’ attorney said at the time. CNN has reached out to representatives for Ventura for comment on Combs’ criminal indictment, which may not have happened had she not had the courage to share her account. Her talent and beauty attracted the attention of Combs, who signed Ventura to his Bad Boy Entertainment label. Ventura and Combs first went public with their romantic relationship in 2012 and were soon regulars at fashion shows and Hollywood parties. I’m truly sorry.”Ventura thanked her supporters and turned her focus to domestic violence survivors.
Persons: Cassie Ventura, Sean “ Diddy ” Combs, Mr, Combs, ” Combs, Elizabeth Ventura, Ventura, Ryan Leslie, , , Sean John, Lil Wayne, Madam Noire, ” Cassie, Kevin Mazur, you’re, ‘ Aw, , Alex Fine, , “ Cassie, ” Sean Combs, Angela Weiss, ” Ventura, Slim Thug, I’m Organizations: CNN, Ventura, Bad Boy Entertainment, Hollywood, Pitchfork, BET, Getty, New York, Locations: Combs, New London , Connecticut, New York, Los Angeles,
Phoebe Gates discussed conspiracy theories about Bill Gates in a new Netflix documentary series. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementConspiracy theories about billionaire Bill Gates have run rampant online for years, sometimes spilling from the sphere of the internet into his daily life. Many of the most pervasive of these conspiracy theories have linked him to COVID-19.
Persons: Phoebe Gates, Bill Gates, Phoebe, Organizations: Netflix, Stanford, Service, Business Locations: COVID
MrBeast and Amazon are facing a class-action lawsuit from contestants on "Beast Games." It alleges that contestants on the reality show suffered sexual harassment, pay issues, and more. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementYouTube star MrBeast and Amazon are facing a class-action lawsuit from contestants on the reality show "Beast Games."
Persons: Organizations: Service, Variety, One's, Business
CNN —Harvey Weinstein has pleaded not guilty to one count of a criminal sex act in the first degree after he was indicted by a grand jury earlier this month. The indictment was unsealed after it was initially announced during a court hearing last Thursday. An attorney for the woman whose grand jury testimony served as the basis of the new indictment said she intends to testify at trial. Prosecutors in New York began presenting the case to the grand jury in August. His conviction was overturned by the New York Court of Appeals in April, citing violation of Weinstein’s constitutional rights at trial.
Persons: CNN — Harvey Weinstein, Weinstein, Prosecutors, “ Ms, Doe, ” Lindsay M, Jane Doe, which, Harvey, ” Juda, ” Weinstein Organizations: CNN, Prosecutors, New York, New, Appeals Locations: New, Los Angeles
Read previewThe simultaneous detonation of thousands of pagers in Lebanon on Tuesday is a harbinger of a darker and more dangerous age of individualized attacks, according to a retired general and warfare strategist. The pagers were ordered by Hezbollah and were tampered with before they reached Lebanon, some of the officials said. "This is yet another demonstration that individuals are increasingly vulnerable to highly precise and personalized attacks," he said. Related storiesRyan cited the use of armed first-person-view drones on the battlefields in Ukraine and Russia, which he said showed the use of lethal personalized attacks had escalated in the past two years. He said the pager attack on Hezbollah "opens a dangerous Pandora's box" and makes almost everyone a "walking ticking bomb."
Persons: , Israel, Washington, pagers, Mick Ryan, Ryan, Yousef Munayyer, Munayyer Organizations: Service, Wireless, Business, US State Department, New York Times, Sky News, US Air Force, Arab Center Washington DC Locations: pagers, Lebanon, Iran, Australian, Ukraine, Russia, Vietnam
Its backers have committed to driving the "significant infrastructure investment" needed to make AI more powerful. Critically, the firms behind the fund said these infrastructure investments "will be chiefly in the United States," where it plans to fuel AI innovation and economic growth. It will also fund the energy infrastructure needed to power them. AdvertisementData centers, chip manufacturing plants, and energy supply are all vital for making AI tick. AdvertisementThe headline result was the launch of a new task force on AI data center infrastructure, designed to underscore the vital importance of building out the infrastructure needed to maintain momentum in the generative AI race.
Persons: , MGX, Brad Smith, Lindsey Wasson, TSMC, Justin Sullivan, Getty, CBRE, Nvidia's Jensen Huang, Sam Altman, Gina Raimondo Organizations: Service, Microsoft, BlackRock, Business, Global Infrastructure Partners, REUTERS, US, Nvidia, Congress, Financial Times, Big Tech Locations: Taiwan, China, United States, Abu Dhabi, Chicago, Northern Virginia, Washington
Unlike previous years, when the Pro was clearly more updated than lesser models, the basic iPhone 16 has more notable upgrades. The iPhone 16 comes with the customizable Action button that was previously exclusive to iPhone 15 Pro models. AdvertisementThe iPhone 16 starts at $799, and the iPhone 16 Plus costs about $899. "The key factor is the lower-than-expected demand for the iPhone 16 Pro series," he wrote. The iPhone 16 and iPhone 16 Plus come in five colors: ultramarine, teal, pink, white, and black.
Persons: , Pro Max, bode, Cherlynn, Nilay Patel, Chi Kuo, Kuo, Siri, Max, Allison Johnson Organizations: Service, Pro, Business, Apple, Apple Intelligence Locations: Taiwan
Mark Cuban said billionaires are a product of the American Dream and what makes the US special. The "Shark Tank" star said it's patriotic to get "filthy, stinkin' rich" then pay large taxes. Building wealth often creates jobs while taxes fund key public services, Cuban said. AdvertisementMark Cuban says billionaires are a product of boundless opportunity — and people should take pride in creating wealth as the money flows back into society. That's what makes America special," the "Shark Tank" star said.
Persons: Mark Cuban, , Bill Gates Organizations: Service, Netflix, Business Locations: Cuban
I recently spent two nights at La Valise, a small boutique resort in Tulum, Mexico. La Valise is considered one of the top resorts in Tulum, and it lived up to the hype. My suite had a private jacuzzi and a bed I could roll onto the balcony. But those people haven't stayed at La Valise, a small boutique resort located in the heart of the vacation destination's busy hotel zone. I recently spent two nights at the luxurious hotel, where I could roll my bed out onto the balcony and sleep under the stars.
Persons: La Valise, , Instagram, Tulum, haven't Organizations: Service, Business Locations: Tulum, Mexico, La
The latest incidents follow deadly blasts Tuesday when pagers belonging to Hezbollah exploded. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHand-held radios exploded across Lebanon on Wednesday, according to multiple reports, potentially signaling a second wave of coordinated attacks targeting personal devices in the Middle Eastern country. The official broadcaster of the Hezbollah militant group, Al-Manar, reported a wave of explosions from wireless devices across Lebanon, according to local and international media.
Persons: pagers, Organizations: Service, Business Locations: Lebanon
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