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☆ War analysts argue the West needs to break the industries keeping Russia's deadliest guns firing before it's too late
▼ + stars: | 2024-10-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

A new analysis identified several ways that the West can disrupt Russia's artillery supply chain. Analysts said the West needs to go after Russia's foreign imports before it's too late. Despite international sanctions meant to cripple Russia's war machine, Russia has maintained an edge over Ukraine when it comes to artillery production and rate of fire. AdvertisementThe analysts at RUSI said that the West needs to disrupt the industries that are keeping Russia's deadly and destructive howitzers firing before it's too late for Ukraine. However, the analysts said, "the longer the war continues, the more Russia's dependencies on foreign suppliers will become a weakness."

Persons: —, RUSI, it's Organizations: Service, Royal United Services Institute, Russian Defense Ministry Press Service, West, US Locations: Russia, Ukraine, Moscow, China, Iran, North Korea

☆ Stock market next week: Earnings season ramps up with more big bank results
▼ + stars: | 2024-10-11 | by ( Sarah Min | Nicole Teo | ) www.cnbc.com time to read: +6 min

And, with earnings season set to ramp up, that could mean further gains. Already, on Friday, JPMorgan Chase and Wells Fargo were rallying in midday trading after reporting their latest results this week, an auspicious start to the earnings season. A strong earnings season Earnings results next week will be dominated by reports from the banking sector, giving investors further insight into the health of the capital markets as well as the consumer. Several regional banks are also set to announce how they did in the most recent quarter as well, such as PNC Financial Services Group and Citizens Financial Group. Even so, investors are optimistic about the outlook for corporate profits this earnings season, especially with expectations having come down.

Persons: what's, Oppenheimer, Wells Fargo, Charlie Ashley, Ashley, Goldman Sachs, Morgan Stanley, Ross Mayfield, Catalyst's Ashley, Baird's Mayfield, Mayfield, Charles Schwab, Huntington Bancshares Organizations: Dow Jones, Tech, Nvidia, JPMorgan Chase, Traders, Federal Reserve, Catalyst Funds, Nasdaq, Ashley . Bank of America, PNC Financial Services Group, Citizens Financial Group, Private Wealth Management, Treasury, Columbus, Columbus Day, Index, United Airlines, Hunt Transport Services, Citigroup, State, Goldman Sachs Group, Walgreens Boots Alliance, Johnson, Bank of America, PNC Financial Services, UnitedHealth, Price, PPG Industries, Steel Dynamics, Discover Financial Services, CSX, Abbott Laboratories, U.S . Bancorp, Financial Group, Philadelphia Fed, Retail, Manufacturing, Netflix, T Bank Corp, Elevance, Truist, Blackstone, Housing, Schlumberger, Procter, Gamble, Fifth Third Bancorp, Regions Financial, American Express Locations: Ashley, bullish, Prologis, NAHB

☆ What internet data brokers have on you — and how you can start to get it back
▼ + stars: | 2024-10-11 | by ( Barbara Booth | ) www.cnbc.com time to read: +17 min

Inside data brokers' massive vaultCybersecurity experts estimate that data brokers collect an average of 1,000 data points on each individual with an online presence. Little oversight around data privacyThe lack of comprehensive regulation around data privacy allows data brokers to operate with little oversight, unlike the General Data Protection Regulation (GDPR) in the European Union. Opt-out links and instructions are readily available for most of the major data brokers: ExperianTransUnionLexisNexisEpsilon But data privacy experts says reclaiming or deleting your data from brokers can be a deliberately complex process that is not only time-consuming but frustrating. "With AI, data brokers will create even more detailed and predictive profiles, incorporating everything from biometric data to behavioral tracking," Abed said. Until regulation steps in, data brokers will continue to collect as much data as possible.

Persons: Pew, Arjun Bhatnagar, Roger Grimes, Jeff Chester, Chester, I'm, Bruno Kurtic, Chris Henderson, Chelsea Magnant, Rob Hughes, Kurtic, Cloaked's Bhatnagar, Henderson, Javad Abed, Abed Organizations: Pew Research, Social, LexisNexis, Epsilon, OneRep, Center for Digital Democracy, D.C, Bedrock Security, National Security Agency, CNBC, Data Protection, European Union, NYU's Center for Global Affairs, Brunswick, RSA, U.S, Consumers, Consumer, Engage, Federal Trade Commission, FTC, Johns Hopkins Carey Business School Locations: Washington, California, U.S, Chester

☆ The US Navy is burning through missiles in the Middle East that it would need in a war with China
▼ + stars: | 2024-10-11 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +9 min

The US Navy has been burning through interceptors fighting in Middle East conflicts, including the valuable SM-3. AdvertisementUS Navy warships have twice been called upon to defend Israel from massive Iranian ballistic missile attacks and have used SM-3 interceptors to defeat the incoming threats. But it's not just the SM-3 that the Navy is using up battling foes in the Middle East. In a short-range engagement, China's missiles wouldn't need to travel as high, and they would likely have shorter flight times and travel at slower speeds. And the number of Tomahawk Land Attack Missiles, long-range cruise missiles designed by RTX, being produced has decreased annually as well.

Persons: —, RTX, Archer Macy, Fitzgerald, Bryan McGrath, it's, Yemen that's, Macy, Navy Carlos Del Toro, Del Toro, Jim Fein, Fein, Sen, Roger Wicker, Wicker, Bryan Clark, Burke, Laura Radspinner, Clark Organizations: US Navy, Service, Navy, Mitsubishi Heavy Industries, Combat, US, Iranian, Getty, Center for Strategic, Studies ' Missile Defense, Pentagon, The Heritage Foundation, Republican, Senate Armed Services Committee, Biden, Hudson Institute, Stout Locations: Middle East, China, Israel, Iran, Iranian, USS, Erie, Yemen, Gulf of Aden, Lake Erie

☆ Palmer Luckey's Anduril debuts autonomous attack drone in new video
▼ + stars: | 2024-10-11 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Anduril Industries debuted its AI-powered Bolt-M drone, which fits in a backpack. A new video shows the Bolt-M drone's AI abilities in action. Anduril Industries, cofounded in 2017 by Oculus founder Luckey, unveiled its Bolt and Bolt-M drones in a YouTube video on Thursday. The Bolt drone, seen in the video hovering above targets, is meant to use AI to autonomously track targets. AdvertisementAnduril did not immediately return a request for comment from Business Insider about the Bolt and Bolt-M drone reveal.

Persons: Palmer Luckey, Anduril, —, Palmer, Luckey, Chris Brose, DefenseScoop, Brose, Donald Trump, Meta Organizations: Anduril Industries, Service, Industries, Business, Marine Corps, US Air Force, Department of Defense, Teledyne, Roadrunner, Meta

☆ Satya Nadella reportedly calls 2 different CEOs every day — and has 2 favorite questions
▼ + stars: | 2024-10-11 | by ( Jaures Yip | Tim Paradis | ) www.businessinsider.com time to read: +4 min

Microsoft's CEO likes to schedule daily calls with CEOs to expand his network, The Information reported. Satya Nadella's networking reportedly includes leaders from AI but also non-tech industries. AdvertisementSatya Nadella's daily routine consists of waking up at 7 a.m., practicing mindfulness exercises, and, in a new twist, apparently making multiple phone calls to different CEOs. The Microsoft CEO reportedly asks staff to set up two calls a day with other executives of various companies, according to a new report from The Information detailing Nadella's networking strategies. Nadella, who reportedly remained in close contact with Suleyman for several years, eventually hired him to head up Microsoft AI.

Persons: Satya Nadella's, —, Satya, Aravind Srinivas, Pete Carroll, Sam Altman, Rebecca Arnold, Root, Arnold, Nadella, Mustafa Suleyman, Suleyman, There's Organizations: Service, Microsoft, Seattle Seahawks, Consulting, UAE Locations: Nadella

☆ Elon Musk wants to take humanoid robots mainstream with Optimus. Making them 'the biggest product ever' will be tough.
▼ + stars: | 2024-10-11 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Tesla plans to unleash a new generation of humanoid robots. Related storiesMusk's plans to make humanoid robots mainstream face some tough challenges, however. Before these new iterations were revealed, industry watchers were already predicting explosive growth in the humanoid robotics market. AdvertisementIt is unclear how Musk's Optimus robots will stand out in this fast-growing market and become "the biggest product ever of any kind." Making further improvements to humanoid robots is a tough technical challenge.

Persons: Tesla, Elon Musk, Optimus, Musk, —, Elon, Cybertruck, livestream, Jensen Huang, Huang, Goldman Sachs, Paul Miller, Forrester, Jim Fan, Gene Organizations: Service, Warner Bros, Elon, Tech, Amazon, Oregon State University, Robotics, Nvidia, Star Wars, Hyundai, Boston Dynamics, Deepwater Asset Management, Optimus Locations: Burbank , California

☆ Delta expects higher earnings in fourth quarter despite lower demand around the election
▼ + stars: | 2024-10-10 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays. The Atlanta-based carrier on Thursday forecast fourth-quarter adjusted earnings of $1.60 to $1.85 per share, compared with Wall Street estimates of $1.71, according to LSEG, and above the adjusted $1.28 per share it reported a year earlier. Revenue will likely rise between 2% and 4% from a a year earlier, though the carrier warned it expects a 1-point revenue hit from lower demand before and after the Nov. 5 U.S. presidential election. The incident was a $380 million hit to revenue, Delta said. Delta said it still expects its full-year adjusted earnings to come in between $6 to $7 a share, excluding the CrowdStrike impact.

Persons: we've, Ed Bastian, Delta, Bastian, Glen Hauenstein Organizations: Delta Air Lines, Revenue, Delta, Microsoft, CNBC Locations: Atlanta

“To date, GSA has entered into an MOU with the Harris transition team outlining the terms for space and services, and is prepared to provide services to the Trump transition team once an MOU is executed and services are accepted,” a GSA spokesperson said. The Harris team has also submitted its ethics plan; the Trump team has not. The federal transition coordinator, a White House spokesperson told CNN, is “actively working” with the former president’s transition team to complete its MOU. Inside Biden administration preparationsThe Biden administration began preparing for this transition in 2023, starting with the appointment of a federal transition coordinator, a senior career official who serves as the main liaison between the candidates and eventual president-elect. “We were waiting for the phone calls [from the Trump team], waiting for people to show up, and they never did.

Persons: Donald Trump’s, Max Stier, “, ”, Trump, Chris Lu, Barack Obama’s, Harris, Biden, Linda McMahon, Cantor Fitzgerald, Howard Lutnick, Joe Biden, Yohannes Abraham, ” Stier, Stier, Chris Christie, Christie, Mike Pence, Obama, Jason Miller, Aimee Whiteman, Valerie Boyd, Bush, John McCain, Lu, George W, Al Gore’s, Harris ’, Boyd, Trump’s, –, you’re Organizations: CNN, Public Service, White, Office of Management, Budget, General Services Administration, Republican, Democratic, ’, Trump, Small Business Administration, Association of Southeast Asian Nations, GSA, ”, House, New, New Jersey Gov, Biden, Activity, OMB, Center, Partnership for Public Service, Senate Locations: Indonesia, New Jersey, Florida

☆ The 9 sectors shedding the most jobs — with AI automating over 12,000 in one of them
▼ + stars: | 2024-10-10 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Although layoffs remain low overall, job cuts are increasing in some areas of the economy. AdvertisementAll eyes have been on the job market as investors wait to see if the economy will reach a soft landing. AI was responsible for 5,616 job cuts in September and 12,742 in 2024 overall. These signs point to companies trying to boost profitability in a slowing economy through cost cutting initiatives such as automating jobs with AI or reducing labor costs. "We're at an inflection point now, where the labor market could stall or tighten.

Persons: —, Andrew Challenger Organizations: Companies, Challenger, Service, Labor, firm's, Technology

☆ Nvidia is nearing a record high. This is what's driving it.
▼ + stars: | 2024-10-10 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Since the start of October, investors and Nvidia watchers have gained a few new numbers to add to their models. AdvertisementThe funding is the clearest sign that investors are still willing to back the biggest bet on generative AI available. OpenAI announced the fresh funding last week, led by Thrive Capital with Microsoft, Nvidia, Softbank, Khosla Ventures, and others participating. Thank you to Nvidia for delivering one of the first engineering builds of the DGX B200 to our office." But, anecdotal evidence of companies finding value in generative AI may be starting to penetrate the investor class as well, according to a new survey from Morgan Stanley.

Persons: —, OpenAI, Billionaire Vinod Khosla, Blackwell, Jensen Huang, Huang, doesn't, David Solomon, Morgan Stanley Organizations: Service, Nvidia, Microsoft, Softbank, Khosla Ventures, Billionaire, CNBC, Taiwan Semiconductor Manufacturing Company Locations: OpenAI, Blackwell

☆ Wealthy millennials and Gen Z are redefining philanthropy
▼ + stars: | 2024-10-10 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Wealthy millennials and Gen Zers are redefining the world of charitable giving, seeing themselves more as activists than donors, according to a new study. Older donors give from of a sense of responsibility. Those over the age of 44 were more than twice as likely to give due to "obligation" than younger donors. Those under 43 were more likely to cite self-education and the influence of their social circle as drivers of their philanthropy. The younger wealthy are still building their fortunes and inheriting their wealth, so they're more likely to give their time and help fundraise.

Persons: Robert Frank, millennials, Zers, Gen Xers, Dianne Chipps Bailey, fundraise, Bailey, They're Organizations: Bank of America Private Bank

Propagandists seeking to influence elections around the globe have tried to use ChatGPT in their operations, according to a report released Wednesday by the technology’s creator, OpenAI. OpenAI said in its report that this year it has stopped people who tried to use ChatGPT to generate content about elections in the U.S., Rwanda, India, and the European Union. They also used ChatGPT to create social media posts in support of those sites, according to the report. They were part of a larger campaign that repeatedly spammed pro-party posts on X, a documented propaganda campaign that posted messages — often the same few messages — more than 650,000 times. According to OpenAI’s report, they also tried to get ChatGPT to tell them the default login credentials for other companies that provide industrial control systems software.

Persons: OpenAI, It’s, it’s, Donald Trump’s, ChatGPT, —, Washington didn’t, Ben Nimmo, ” Nimmo Organizations: European Union, U.S, Patriotic, United Nations, Treasury Department, Embassy Locations: U.S, Rwanda, India, Iran, Russia, China, Israel, Israeli, Jordan, cybersecurity, Washington

All four drugs are in a class of wildly popular weight loss drugs known as GLP-1s. In the United Kingdom, authorities last year seized hundreds of counterfeit Ozempic pens — insulin pens that had been relabeled as Ozempic. Counterfeit weight loss drugs have serious health risks, according to the pharmaceutical companies and federal officials. Counterfeiters are already trying to cash in on a weight loss drug that the company hasn't even put on the market yet: retatrutide. But it's also one of the epicenters of the lucrative counterfeit drug trade, according to U.S. authorities who track counterfeit drugs.

Persons: It's, —, Eli Lilly's Mounjaro, they've, Laver, Andy Morling, CNBC Morling, Eli Lilly, Daniel Skovronsky, Eli Lilly's, we'll, Skovronksy, John F, Sal Ingrassia, Ingrassia, Customs isn't, we've, Yoav Keren, GLP, TikTok, Keren, BrandShield, it's, Nicole Johnson, CNBC Johnson, Johnson, Mike Doustdar, Doustdar, Direnc Bada Organizations: CNBC, U.S, Laver Beauty, DHL, Novo Nordisk, Laver, Medicines, Healthcare Products Regulatory Agency, Lilly Research Labs, Kennedy International, JFK International Mail Facility, U.S . Customs, Border Protection, JFK, CBP, Protection, CNBC CNBC, FDA, Customs, Meta, Facebook, World Health Organization, U.S ., Intellectual, Coordination Center, National, Turkish National Police, Novo Nordisk's, CNBC Counterfeiters, CNBC FDA Locations: BOULDER, COLO, Boulder, Ozempic, Shijiazhuang, China, Beijing, Englewood Cliffs , New Jersey, United Kingdom, London, New York City, U.S, Turkey, Europe, South America, United States, India, Mexico, Istanbul, Zurich

☆ Anthropic's power players: Here are the 11 leaders helping shape the future of the Amazon-backed AI company
▼ + stars: | 2024-10-09 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +10 min

It's sought to position itself as the safer, more responsible AI company. She, along with her brother Dario, was part of the team that left OpenAI with the goal of creating a more responsible AI company. Krishna Rao, Chief Financial OfficerAs any emerging AI company can attest, conducting groundbreaking research isn't enough. In this role, he's building deep relationships with users and helping to turn Anthropic's research into a mass-market product. These capabilities are essential to Anthropic's positioning of itself as the safer AI company.

Persons: Anthropic, It's, —, OpenAI's, Dario Amodei, Amodei, Dario, Daniela Amodei, She's, Jack Clark ,, Clark, Jared Kaplan, Kaplan, Chris Olah, Sam McCandlish, McCandlish, Tom Brown, Brown, Krishna Rao, Rao, Mike Krieger, São Paulo, Krieger, Claude, Brian Israel, it's, Brian, Sam Bowman, Bowman, Jan Leike Organizations: Service, OpenAI's ChatGPT, Google, Princeton University, Hertz, Stanford University School of Medicine, sager, Bloomberg, Harvard, Johns Hopkins University, Research, Organization, Core Resources, Stanford University, Brandeis University, Core, Blackstone, Bain & Company, Anthropic, State Department, NASA Locations: OpenAI, Anthropic, Airbnb, São, Menlo Park, San Francisco, New York, Israel

☆ Ratan Tata, the former chairman of Indian conglomerate Tata Sons, dies at age 86
▼ + stars: | 2024-10-09 | by ( ) www.cnbc.com time to read: +2 min

Ratan Tata, a former chairman of Indian conglomerate Tata Sons, died at a Mumbai hospital on Wednesday night. Tata Sons chairman N Chandrasekaran confirmed Tata's death and described him in a statement as his "friend, mentor, and guide." Prime Minister Narendra Modi described Tata as a visionary leader, and a compassionate and an extraordinary human being. Google CEO Sundar Pichai, said Ratan Tata left behind an extraordinary business and philanthropic legacy and he was instrumental in mentoring and developing modern business leadership in India. "My last meeting with Ratan Tata at Google , we talked about the progress of Waymo and his vision was inspiring to hear," Pichai said on X.

Persons: Ratan Tata, N Chandrasekaran, Tata, Narendra Modi, Modi, Harsh Goenka, Sundar Pichai, Pichai, Mukesh Ambani, Ratan Tata's, Anand Mahindra, Padma Bhushan Organizations: Tata Sons, Tata, Google, Reliance Industries, India Inc, Tata Group, Mahindra Group, Padma, Jaguar, Rover, Ford Locations: Mumbai, boardrooms, India

☆ Your employer may start covering weight-loss drugs soon
▼ + stars: | 2024-10-09 | by ( Tami Luhby | ) edition.cnn.com time to read: +7 min

A growing number of employers are considering covering the blockbuster weight-loss drugs, several surveys show. Roughly the same share say they are somewhat or very likely to begin covering these medications for weight loss within the next 12 months, according to KFF’s annual Employer Health Benefits Survey. But only 18% of firms in KFF’s survey, which includes those with 200 or more employees, cover GLP-1 drugs primarily for weight loss. Even employers that provide coverage for anti-obesity drugs often put up guardrails, such as requiring employees to receive prior authorization or to try other weight-loss methods first. Outpatient drug costs are expected to climb 11.4% next year, surpassing the 8% increase projected for medical plan costs, according to Segal’s most recent survey.

Persons: ”, Matthew Rae, Mercer, Beth Umland, Eileen Pabon, KFF, It’s, Eric Miller, Segal, Vicky Cathcart, ” Cathcart Organizations: CNN, Workers, Health, Survey, Business, DSV Air & Sea, Employees, Employers, Outpatient, Marroquin Industries Corp Locations: Mercer, New Jersey, Hawthorne , California

☆ Disneyland hikes ticket prices for its highest-demand days
▼ + stars: | 2024-10-09 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Still, the company has sought to offer discounted tickets and hotel stays for those who opt to visit Disneyland during off-peak periods. Much like the airline, hotel and even concert entertainment industries, Disney's theme parks operate on a demand-based pricing model. But to handle demand, Disney has a tiered ticket system. Tier 0 is the lowest demand, the $104 base ticket price, while Tier 6 is the highest demand and will see an increase of $12 to $206 per ticket. Disney's online ticketing website for those theme parks — Animal Kingdom, Magic Kingdom, Hollywood Studios and Epcot — already reflects pricing increases for 2025, which were reported back in February.

Persons: Price, Jessica Good, Disney Organizations: Walt Disney Company, Disney, Disneyland Resort, Lightning, Walt Disney World, Hollywood Studios, Epcot Locations: California, Orlando , Florida, Magic Kingdom

☆ US government considers a breakup of Google
▼ + stars: | 2024-10-09 | by ( Clare Duffy | Brian Fung | ) edition.cnn.com time to read: +3 min

The US Department of Justice in a court filing Tuesday night said it may recommend dismantling Google’s core businesses, separating Google’s search business from Android, Chrome and the Google Play app store. “That would prevent Google from using products such as Chrome, Play, and Android to advantage Google search and Google search-related products and features — including emerging search access points and features, such as artificial intelligence — over rivals or new entrants,” the government said in its court filing. The case had been described as the biggest tech antitrust case since the US government’s antitrust showdown with Microsoft at the turn of the millennium. Whatever ultimately happens to Google could set the stage for potential remedies in other, ongoing antitrust cases against tech giants. Google faces a separate case brought by DOJ attorneys, along with 17 states, who allege that its advertising business is anticompetitive.

Persons: ”, Amit Mehta, ” Kent Walker Organizations: CNN, Baby, Google, US Department of Justice, Android, Apple, Microsoft, DOJ, Meta, Ticketmaster

☆ Techies, salespeople, and industry execs arrive in Las Vegas for the Mobile World Congress trade show
▼ + stars: | 2024-10-08 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Mobile World Congress, a mobile communications trade show, is coming to Las Vegas this week. Techies, salespeople, and industry executives are arriving in Nevada this week for MWC Las Vegas, which kicks off today. The annual mobile-communications trade show brings more than 250 exhibitors, sponsors, and partners to the Las Vegas Convention Center in Sin City from Tuesday to Thursday. 5G technology is on track to add $210 billion in GDP to the North American economy by 2030, GSMA's "Mobile Economy North America" report said. The trade show in Vegas comes more than seven months after Mobile World Congress Barcelona, which is also hosted by GSMA.

Persons: —, Lara Dewar, GSMA, Dewar, Booz Allen, Ulf Ewaldsson, Nvidia's, Ronnie Vasishta, Shankar Arumugavelu, Randi Zuckerberg, Hug, Mark Zuckerberg's Organizations: Mobile, Las, Service, MWC Las Vegas, Nvidia, Salesforce, Las Vegas Convention, MWC, Vegas, Enterprise, GSMA Intelligence, Verizon, Qualcomm, Cisco, Microsoft, Samsung, Apple, Apple Intelligence, Google, MWC Americas, Congress Barcelona, GSMA, Motorola, Lenovo, Verizon Global Services, Department of, Air Force's Locations: Las Vegas, Nevada, Sin City, North, America, Vegas, Venice

☆ Former Humane execs secure $25 million valuation after departing AI hardware startup
▼ + stars: | 2024-10-08 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

Two former executives of Humane, the embattled AI hardware startup, are reemerging with a new artificial intelligence software venture that has raised $4 million at a $25 million valuation. He and Hartley Moy are marketing the startup toward enterprise customers in industries like finance, insurance, SaaS, healthcare services and media. "It really came down to the opportunity that we saw in the enterprise side of the house," Hartley Moy, Infactory's CEO, told CNBC. But the two's departure had to do with the business opportunities they saw when working at Humane, Hartley Moy said. WATCH: Former Apple designers launch $700 Humane AI Pin as smartphone replacement

Persons: Brooke Hartley Moy, Ken Kocienda, Kocienda, Hartley Moy, Sam Altman, Marc Benioff, Slack, Andreessen Horowitz, Infactory, Ohtani Organizations: Humane, CNBC, HP, Microsoft, Tiger Global, Google, Apple, Bee Partners, SPV Locations: Salesforce

☆ How the source of your tissues is fueling wildfires thousands of miles away
▼ + stars: | 2024-10-08 | by ( Vasco Cotovio | ) edition.cnn.com time to read: +9 min

Certain toilet paper, tissue and office paper brands are made with materials from eucalyptus trees, a non-native species to Portugal. CNN PortugalThe problem is eucalyptus trees are particularly flammable. The eucalyptus tree is native to Australia and provides food and shelter to koalas, among other wildlife. As the Portuguese paper and timber industries grew in the mid-1900s, so too did eucalyptus plantations, and the species now covers nearly 2 million acres. In California, the eucalyptus tree has been naturalized, meaning it now grows beyond the places it was planted.

Persons: it’s, Patricia De Melo, Patricia De Melo Moreira, Domingos Patacho, Brais Lorenzo, Patacho, Henrique Pereira dos Santos, de Santos, Juan Manuel Castro Prieto, Luís, Sarabando, Octavio Passos, Jose Sarmento Matos, “ Organizations: Lisbon CNN —, CNN, Firefighters, Getty, AFP, National Park Service, Bloomberg, Northwestern, Agence, Vouga Forestry Association, Navigator Locations: Lisbon, Portugal, Europe, Albergaria, CNN Portugal, Australia, Portuguese, ”, California, Velha, Agueda, Northwestern Portugal, Greece, Italy, Finland, Constancia, Abrantes, United States, New York City, Arouca

☆ Russia's economy faces an 'unsolvable trilemma' but can survive for several more years, think tank expert says
▼ + stars: | 2024-10-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Russia faces mounting economic issues that could prove "unsolvable," a think tank expert says. This will exacerbate economic imbalances at home, Alexandra Prokopenko wrote in the FT.Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "Instead of hoping that Russia's economic combat power will soon be exhausted, the West must focus on a long-term strategy that will further constrain Putin's war machine and boost Ukraine's own economic resilience." In boosting spending to such heights, Russian President Vladimir Putin is effectively dismissing brewing economic imbalances as other parts of the budget become squeezed. By pouring more money into defense, the Kremlin is exacerbating existing economic imbalances," Prokopenko wrote, adding: "Putin faces an unsolvable trilemma of simultaneously maintaining a balanced financial system, meeting social obligations and sustaining defense spending at current levels."

Persons: Alexandra Prokopenko, —, Prokopenko, Prokopeko, Vladimir Putin, Putin, bode Organizations: Service, Carnegie Russia Eurasia Center, Financial Times, Defense, Putin, Kremlin Locations: Russia, Europe, Ukraine, Soviet, Moscow, stagflation

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Microsoft, Wells Fargo, Disney, Apple, First Solar & more
▼ + stars: | 2024-10-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"We reiterate our Overweight rating on the name as NVDA remains our Top Pick." JPMorgan reiterates Charles Schwab as overweight JPMorgan raised its price target on the stock to $86 per share from $78. "We are initiating coverage of Morningstar (MORN) with a Buy rating and a $390 price target. Wells Fargo reiterates Tesla as underweight Wells says it remains "skeptical" heading into Tesla's robotaxi day later this week. "We are initiating coverage of MBX Biosciences with an Overweight rating and Dec 2025 price target of $30."

Persons: Cantor Fitzgerald, Cantor, TD Cowen, Cowen, Wolfe, Wells, Bernstein, Oppenheimer, Goldman Sachs, Milton, Irma, JPMorgan, Charles Schwab, Morningstar, Redburn, Goldman, Tesla, TSLA, Key, Affirm's, it's, Morgan Stanley, it's bullish, Abbott, Susquehanna, KeyBanc Organizations: Anheuser Busch InBev, InBev, Humana, STARS, Microsoft, Disney, JPMorgan, UBS, Biotech, Legend Biotech, Barclays, Optimus, Qualcomm, Express, American Express, Netflix, Bicara Therapeutics, Abbott Labs, Howmet Aerospace, Commercial Aerospace & Defense, Bank of America, Apple, MBX Biosciences, Delta, Argus, McDonald's Corp Locations: China, Wells Fargo, F4Q17, 1H26, Tesla's

☆ More Black and Latina women are leading unions — and transforming how they work
▼ + stars: | 2024-10-07 | by ( The Associated Press | ) www.nbcnews.com time to read: +8 min

Women make up roughly half of U.S. labor union membership, but representation in top level union leadership positions has lagged, even in female-dominated industries and particularly for women of color. Data from the U.S. Department of Labor shows that Black and Latina women experience a particularly wide gender pay gap. Juliana Yamada / APBlack and Latina women are driving labor union growth in the U.S. amid a decades-long decline in membership. In 2023, Black women’s union membership rate notched a slight bump from 10.3% to 10.5%, while Latinas went up from 8.5% to 8.8%. Momentum for Black and Latina women rising into labor union leadership has picked up in the last five years.

Persons: ”, Lane Windham, Gwen Mills, María Mata, Juliana Yamada, Black, Latinas, that’s, Liz Shuler, I’m, ” Shuler, Becky Pringle, Bonnie Castillo, Verrett, we’ve, ” Verrett, Emily Twarog, Lisa Lujano, Stacy Davis Gates, ” Pringle, Maria Mata, Mata, “, It’s, Keturah Johnson, Sara Nelson, Johnson, she’s, “ We’re, Coke, ” Johnson Organizations: Latina, Georgetown University, U.S . Department of Labor, AFL, National Education Association, National Nurses United, Service Employees International Union, Associated Press, University of Illinois, U.S . Bureau of Labor Statistics, Carpenters Union, Teachers, Chicago Teachers Union, CTU, United Teachers Los, ” Hospitality, AFA, CWA, United Airlines, Alaska Airlines, Frontier Locations: U.S, San Francisco, University of Illinois Urbana, Champaign, Chicago, United Teachers Los Angeles, Francisco

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