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☆ Why constant job cuts could be the new normal for Big Tech
▼ + stars: | 2024-01-18 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A shorter, plain-English version might look like this: "We're a really big company that makes a lot of money and Wall Street wants us to make more. And if that's happening at Google — a company worth close to two trillion dollars — you can expect to see it at other Big Tech companies, too. All of the biggest tech companies would like to have something shiny and new to show off to investors — another growth story. But in any case: Absent a truly breakthrough product, Big Tech is going to look like any other big, established industry — one that periodically lays off workers.

Persons: —, What's, Sundar Pichai, it's, Meta, that's, they're Organizations: Service, Business, Google, Wall, Big Tech, Tech

☆ Why a Supreme Court decision means Apple's App Store is as powerful — and profitable — as ever
▼ + stars: | 2024-01-17 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Read previewIf you were scanning headlines yesterday you might have seen something about the Supreme Court forcing Apple to open up its powerful App Store. What yesterday's court decision — and, crucially Apple's response to the decision — means is that Apple's control over its powerful and very profitable App Store remains 100% intact. In 2020, Epic argued that Apple's control of its App Store — and, crucially, the way developers like Epic had to use Apple's App Store to sell "in-app" items like power-ups and other digital goods — was a monopoly. Apple's App Store prints money. In 2021, a US judge announced that games represent 70% of Apple's App Store topline.

Persons: —, Apple, Tim Sweeney, Fortnite — Organizations: Service, Apple, Business, Epic Games, Epic, Big Tech, Meta, Google, European Union, Spotify Locations: EU

☆ Was the NFL's first streaming playoff game a success? We still don't know.
▼ + stars: | 2024-01-16 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Read previewMost people who wanted to watch the Dolphins-Chiefs playoff game this past weekend had to do so by paying for Peacock, NBCUniversal's streaming service. On Sunday, NBC said the streaming game was a success: Depending on how they measured it, the network said the game averaged an audience of 23 million to 26 million viewers. But we won't really know if the game was a success for NBC until it announces the most important metric: How many people paid for Peacock so they could watch the game? Before Saturday's game, NBCUniversal's parent company, Comcast, had said Peacock had 30 million paid subscribers. But that number will almost certainly determine whether NBC or any other service pays up for a streaming-only playoff game next year.

Persons: —, Peacock, Taylor Swift, Travis Kelce —, NBC hasn't Organizations: Service, Dolphins, Chiefs, NFL, Business, NBC, Travis Kelce — NBC, Comcast Locations: Miami, Kansas City, Paris

☆ Chiefs-Dolphins playoff game on Peacock is a big test for streaming: Will people actually pay?
▼ + stars: | 2024-01-12 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

You won't see this weekend's Kansas City Chiefs-Miami Dolphins NFL playoff game on broadcast TV. It's a big change — and a test for Comcast: How many people will actually subscribe to a streamer to watch the NFL? AdvertisementThat's because last year, NBCUniversal paid the NFL $110 million for the rights to a streaming-only playoff game. (One exception: In 2015, cable channel ESPN aired a single playoff game.) At a press call with reporters earlier this week, NFL distribution executive Hans Schroeder wouldn't commit to whether the league would do more streaming-only playoff games next year: "This is a deal for this year, but it's an NFL playoff game.

Persons: — Peacock, It's, —, Taylor Swift, NBCUniversal, hasn't, Peacock, Hans Schroeder wouldn't Organizations: Kansas City Chiefs, Miami Dolphins NFL, Comcast, Service, Miami Dolphins, NFL, Business, ESPN, Kansas City, NBC Locations: America, Kansas, Miami

☆ Aaron Rodgers' ESPN ban lasted a full day
▼ + stars: | 2024-01-11 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Read previewRemember when the Aaron Rodgers/Pat McAfee/Jimmy Kimmel situation was resolved because Rodgers was no longer going to be on ESPN? Thursday, the NFL quarterback was back on McAfee's ESPN show, commenting on Patriots coach Bill Belichick's departure . But that doesn't really matter. And for a day, at least, that's working out for McAfee and Disney, since Rodgers didn't use his TV time to attack another Disney star. The unanswered question: What happens if Rodgers — or anyone else McAfee books — causes problems for Disney again?

Persons: —, Aaron Rodgers, Pat McAfee, Jimmy Kimmel, Rodgers, Bill Belichick's, McAfee, Disney, Kimmel, Bob Iger, it's, he'll, We've Organizations: Service, ESPN, NFL, Patriots, ABC, Disney, Business, McAfee, Rodgers, Big Time

☆ Disney's Bob Iger needed a win. Pat McAfee just gave him one.
▼ + stars: | 2024-01-10 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Disney's Bob Iger got out of a jam with two of his biggest stars: Jimmy Kimmel and Pat McAfee. AdvertisementThere aren't a lot of media moguls who could get out of a jam involving two of their biggest stars and accusations of pedophilia. It's unclear when McAfee intends to bring Rodgers back or if he ever will; ESPN reps declined to comment. One of the reasons is that while Disney and ESPN are reported to be paying McAfee $85 million over five years to bring his daily talk show to ESPN, McAfee isn't a Disney employee. And certainly not one about one of ESPN's biggest stars, who's supposed to represent its path to the future.

Persons: Bob Iger, Jimmy Kimmel, Pat McAfee, ABC's Kimmel, ESPN's McAfee, Iger, —, Pat McAfee —, Aaron Rodgers, Jeffrey Epstein, Epstein, Kimmel, Rodgers, McAfee, Pat McAfee's, Randy Holmes, strafe Kimmel, who's Organizations: Disney, Service, ABC, ESPN, NFL, DR, Wednesday, Super, Pat McAfee's ESPN, ESPN It's, McAfee, Iger, Marvel, — Locations: —

☆ Another Billionaire Finds It's Hard to Run a Newspaper
▼ + stars: | 2024-01-09 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Another billionaire is having a hard time with his newspaper. That's because the LA Times is owned by billionaire Patrick Soon-Shiong, and it is losing money; even though Soon-Shiong is a billionaire, even billionaires have limits. Asked for comment, an LA Times spokesperson said that company leaders "don't generally make forward-looking statements about staffing levels and aren't able to comment further at this time." In 2021, The Wall Street Journal reported that Soon-Shiong was considering selling the LA Times itself , but Soon-Shiong said that was not the case. Last fall, for instance, The Washington Post — owned by Amazon founder Jeff Bezos — one of the richest men in the world — underwent giant staff cuts .

Persons: Patrick Soon, Jeff Bezos's Washington, Warren Buffett, —, Kevin Merida, Patrick, Shiong Axelle, Bauer, Griffin, It's, Shiong, doesn't, Jeff Bezos —, Warren Buffett — Organizations: Los Angeles Times, Jeff Bezos's Washington Post, Service, LA Times, LA, San Diego Union, Tribune, Street Journal, Washington Post, Amazon, Omaha, Alden Global Capital Locations: Merida, San Diego, Berkshire

☆ Republicans Tap Israeli Military Veteran to Run for Santos’s Seat
▼ + stars: | 2023-12-14 | by ( Nicholas Fandos | ) www.nytimes.com time to read: +1 min

Republicans battling to hold onto the New York House seat vacated by George Santos chose on Thursday another relatively unknown candidate with a remarkable biography but a thin political résumé to run in a special election next year. It was a bold gamble by Long Island Republicans, a group better known for nominating older, white establishment figures. Republicans believe Ms. Pilip, a 44-year-old mother of seven, has the potential to become a breakout star before the Feb. 13 special election, particularly at a moment when Israel’s war with Hamas is reordering American politics. “She is the American success story,” said Peter King, a former New York Republican congressman involved in the nomination. She walks into the room, people notice her, they listen to her.”

Persons: George Santos, Mazi, Pilip, ”, Peter King Organizations: New, New York House, Israel Defense Forces, Long Island Republicans, New York Republican Locations: New York, Ethiopia, American

☆ Orchid tests embryos for genetic diseases. It just raised $12 million with this 11-slide pitch deck.
▼ + stars: | 2023-12-05 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +4 min

Orchid, a startup that tests embryos for genetic diseases, has just raised $12 million. "The way that IVF and embryo screening works today is the amount of information available is really limited," Orchid CEO and cofounder Noor Siddiqui said. Genetic testing has been around for years, but it has been usually limited in the diseases it can identify, which include cystic fibrosis, Bloomberg reported. Orchid produces reports with two types of genetic testing: monogenic and polygenic. The cost of the test depends on the number of embryos that Orchid tests.

Persons: Noor Siddiqui, Siddiqui, Orchid, Dylan, Anne Wojcicki, Fidji Simo, Peter Kraft Organizations: Business, Bloomberg, Prometheus Fund, Starbloom Capital, One Ventures, Los Angeles Times Locations: San Francisco, Pebblebed

☆ Clean energy stocks have fallen out of favor. They face more challenges ahead
▼ + stars: | 2023-12-03 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

Plug Power shares have slipped 63% this year, Enphase Energy shares have plunged 60%, SolarEdge Technologies shares have declined 71% and NextEra Energy shares have slid 29%. Yet clean energy stocks haven’t recovered, despite hopes that an influx of US government spending on climate solutions would help revive the sector. The culprit behind clean energy stocks’ poor returns? Krull sees the current rut in clean energy stocks as a buying opportunity for investors. Clean energy stocks also aren’t the only way investors are putting their cash to work with a sustainability mindset.

Persons: Biden, Todd Jones, Jean Rosenbaum, Andrew Poreda, That’s, Peter Krull, Krull, ” Krull Organizations: New, New York CNN, Clean Energy, Enphase Energy, SolarEdge Technologies, NextEra Energy, Bank of America, Federal Reserve, Gratus Capital, Sage Advisory, Earth Equity Advisors, Nvidia Locations: New York, Paris

☆ More than 700 flights cancelled as Munich sees heavy snowfall
▼ + stars: | 2023-12-02 | by ( Benjamin Brown | Sophie Tanno | ) edition.cnn.com time to read: +1 min

CNN —Around 760 flights were canceled at Munich Airport on Saturday due to heavy snowfall, an airport spokesperson told CNN. Buses, trams, and some train services in Munich were also suspended due to the snow, according to Munich’s public transport company. Munich’s central train station was closed for arrivals, while long-distance services have been suspended entirely, according to Germany’s national railway company Deutsche Bahn. Germany’s regional Süddeutsche Zeitung reported that huge numbers of travellers have been left stranded at Munich’s main station. Bavarian public broadcaster Bayerischer Rundfunk on Saturday reported that the 44 centimetres of snow in Munich was the most snowfall ever recorded in December in the Bavarian state capital since records began in 1933.

Persons: I’ve, “, there’s, Peter Kneffel Organizations: CNN, Munich Airport, Deutsche Bahn . Deutsche Bahn, Zeitung, Getty, Police, Saturday, Bayern Munich, Union Berlin, Bayerischer Rundfunk Locations: Munich, Bavaria, Union, Bavarian

Until the embittered end, Henry Kissinger was one of the trusted few of a distrusting Richard Nixon. Political Cartoons View All 1273 Images“No doubt my vanity was piqued,” Kissinger later wrote of his expanding influence during Watergate. Two years later, Saigon fell to the communists, leaving a bitter taste among former U.S. allies who blamed Nixon, Kissinger and Congress for abandoning them. “The emigration of Jews from the Soviet Union is not an objective of American foreign policy,” Kissinger tells Nixon. And so they did — the Quaker-born Nixon, the Jewish-born Kissinger, on the floor, Nixon in tears about the unfairness of his fate.

Persons: Henry Kissinger, Richard Nixon, Kissinger, Nixon, Gerald Ford, ” Kissinger, ” Ford, “, ”, Donald Trump’s, Trump, ” —, —, — Kissinger, Robert Dallek, Walter Isaacson, David Frost, Isaacson, scrawled, Susan Mary Alsop, Stanley Kutler, “ Henry Kissinger, Jeffrey Kimball, starlets, Kissinger squired, Jill St, John, Shirley MacLaine, Marlo Thomas, Candice Bergen, Liv Ullmann, ” Nixon, H.R, Haldeman, Henry, It’s, Nancy Maginnes, Nelson Rockefeller, Gallup, Le Duc Tho, Tho, Walter, ” Walter, “ Kissinger, Ford, you’ve, ” “, ABC’s George Stephanopoulos, Kissinger demurred, Chile’s, Eisenhower, Augusto Pinochet, Pinochet, ” Peter Kornbluh, ” Heinz Alfred Kissinger, Heinz, Joe DiMaggio ”, Kennedy, Johnson, he’d “, William Rogers, Melvin Laird, Townsend Hoopes, deflating, ” Isaacson, Jimmy Carter, Ronald Reagan’s, diplomat’s Kissinger, George W, Bush, Long, didn’t, Bush “, Anneliese Fleischer, Elizabeth, David, extol Nixon, ” ___, Barry Schweid Organizations: WASHINGTON, Republican, Democratic, “ PBS, ”, National Security Council, State Department, Vietnam, Nixon, Hollywood, Playboy, Newsweek, America, Columbia University, Senate Armed Services Committee, White, Washington Post, New York Times, Yankee, Army, Harvard, Weapons, Rogers, Defense, Manhattan, New York Giants, Lincoln, diplomat’s Kissinger Associates, GOP Locations: U.S, Vietnam, China, Nazi Germany, Southeast Asia, Latin America, United States, Saigon, Soviet Union, White, Cambodia, South Vietnam, Khmer Rouge, Soviet, America, Chile, London, Pinochet, Bavarian, Fuerth, Manhattan, Germany, Pakistan, Beijing, Iraq, Afghanistan, American

More than 10 intelligence and police officials in five European countries including Britain, Germany and France told Reuters they are increasing surveillance of Islamist militants. A British security official said the war in Gaza was likely to become the biggest recruiter for Islamist militants since the Iraq war in 2003, and that calls for attacks on Jewish and Western targets had risen in Europe. Two Islamist militant attacks in France and Belgium last month killed three people, and these two countries, Austria, Slovenia and Bosnia-Herzegovina have raised their terrorism threat alert levels. LONE WOLVESSecurity officials say the main danger for Europe is probably from attacks by "lone wolves" — assailants who are radicalised, often online, but have no formal links to more established groups. Although a truce has come into effect in Gaza, both sides have said the war is far from over.

Persons: Gonzalo Fuentes, radicalised, Mark Rowley, al, Jochen Kopelke, It's, Kopelke, Israel, Peter Knoope, Knoope, Iman Atta, Germany's Kopelke, influencers, Europol, Thomas Renard, Juliette Jabkhiro, Angelo Amante, Johan Ahlander, Phil Blenkinsop, Timothy Organizations: REUTERS, Reuters, London, British, Islamic State, Islamic, WOLVES Security, Hamas, Dutch National, International Centre for, Timothy Heritage, Thomson Locations: Paris, France, BERLIN, Israel, Britain, Germany, Russia, China, Iran, Gaza, Iraq, Europe, Belgium, Austria, Slovenia, Bosnia, Herzegovina, Italy, al Qaeda, Islamic State, Qaeda, Afghanistan, Syria, United States, British, al, West

BUDAPEST, Hungary (AP) — A countrywide billboard campaign that flooded the streets of Hungary this week takes aim at European Commission President Ursula von der Leyen, the start of an election campaign that marks an escalation of tensions between the country's nationalist conservative government and the European Union. Hungarian Prime Minister Viktor Orbán has long taken an adversarial approach to the 27-nation bloc. He has accused Brussels of seeking to impose unwanted policies on Hungary, and compared membership in the EU to the 40 years of Soviet domination Hungary experienced in the 20th century. “This national consultation is by far the most anti-EU document that the government has released so far," Kreko said. But after more than two years and little apparent progress, the anti-EU campaign may show that Orbán has given up on unblocking them, said Dorka Takacsy, a research fellow at the Centre for Euro-Atlantic Integration and Democracy.

Persons: Ursula von der Leyen, von der Leyen, Alex Soros, George Soros, “, Viktor Orbán, von, Leyen, Peter Kreko, Kreko, Dorka Takacsy, ” Takacsy, ” It’s, Soros, Jean, Claude Juncker, ”, Orbán, Eric Mamer, ” Mamer Organizations: European Union, Ukraine, EU, Centre, Integration, Democracy, European, Kreko, Huxit, Fidesz, Orbán Locations: BUDAPEST, Hungary, American, Hungarian, Brussels, EU, Budapest, ”, European, Europe

Parent Singapore Telecommunications (STEL.SI) announced the resignation of Optus CEO Kelly Bayer Rosmarin days after a network-wide outage left nearly half of Australia's 26 million people without phone or internet for 12 hours. Appointed in April 2020, Rosmarin headed Optus through two national scandals that have tarnished the reputation of the telco giant. A massive data hack last year exposed the personal data of 10 million Australians and triggered a class action lawsuit and multiple investigations from regulators. Optus executives told the parliamentary hearing on Friday the telco provider had not foreseen a network-wide outage and so had no backup plan in place. (This story has been corrected to change date of Optus network outage to earlier this month, not last week, in paragraph 7)Reporting by Himanshi Akhand in Bengaluru, and Lewis Jackson and Byron Kaye in Sydney; Editing by Lisa Shumaker and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Kelly Bayer, Michael Venter, Singtel, Rosmarin, ”, telco, Yuen Kuan, Peter Kaliaropoulos, Himanshi, Lewis Jackson, Byron Kaye, Lisa Shumaker, Stephen Coates Organizations: telco Optus, Parent Singapore Telecommunications, Optus, Triple, Thomson Locations: Optus, Bengaluru, Sydney

☆ Australian telco Optus CEO resigns days after network-wide outage
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +1 min

Nov 20 (Reuters) - Australia's second-largest telco Optus' Chief Executive Officer Kelly Bayer Rosmarin has resigned, its parent Singapore Telecommunications (STEL.SI) said on Monday, days after a network-wide outage left nearly half the country without phone or internet for 12 hours. Optus has appointed Chief Financial Officer Michael Venter as interim CEO. Peter Kaliaropoulos was appointed to a newly created position of chief operating officer, SingTel added. More than 10 million Australians were hit by the 12-hour network blackout at the nation's second-largest telco for much of Wednesday, triggering fury and frustration among customers and raising wider concerns about the telecommunications infrastructure. Reporting by Himanshi Akhand in Bengaluru; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Kelly Bayer Rosmarin, Michael Venter, Peter Kaliaropoulos, SingTel, Yuen Kuan, Himanshi, Lisa Shumaker Organizations: Optus, Singapore Telecommunications, Thomson Locations: Bengaluru

☆ Russian Artist Sentenced to Seven Years for Replacing Price Tags With Antiwar Messages
▼ + stars: | 2023-11-16 | by ( Ann M. Simmons | ) www.wsj.com time to read: 1 min

Aleksandra Skochilenko was also banned for three years from maintaining a presence on social-media sites or posting on the internet. Photo: Peter Kovalev/Zuma PressA Russian artist accused of replacing price tags in a supermarket with antiwar messaging was sentenced to seven years in prison, in the latest example of the Kremlin’s efforts to crush everyday opposition to its war on Ukraine. A court in Russia’s second-largest city of St. Petersburg Thursday found Aleksandra Skochilenko , a 33-year-old artist and musician, guilty of knowingly spreading false information about the Russian military and ordered that she serve her term in a penal colony, according to information published by the Vasileostrovsky District Court. She was also banned for three years from maintaining a presence on social-media sites or posting on the internet, the court said.

Persons: Aleksandra Skochilenko, Peter Kovalev Organizations: Press Locations: Russian, Ukraine, Russia’s, St, Petersburg, Vasileostrovsky

☆ The first US commercial plant has started to pull carbon from the air. It's able to suck out 1,000 tons annually and plans to expand.
▼ + stars: | 2023-11-09 | by ( Maiya Focht | ) www.businessinsider.com time to read: +4 min

JENN CAIN/Getty ImagesHeirloom uses direct air capture technology, which essentially means that its product is able to suck free carbon dioxide out of the air, according to its website. The captured carbon dioxide gets packed into concrete or injected into the ground, where Heirloom said it's held permanently. Why they made this tech in the first placeExcess carbon dioxide in the atmosphere traps heat and warms the planet. Carbon capture is not a cure for climate changeUsing carbon capture alone won't be a cure-all for our climate woes. AdvertisementAdvertisement"Fossil-fuel companies love carbon capture because it really does let them off the hook," he said.

Persons: it's, Shashank Samala, JENN, there'll, Energy Jennifer Granholm, Peter Kalmus, Kalmus Organizations: New York Times, Service, Carbon Technologies, Times, Getty, World Wildlife Fund, Boston Consulting Group, Energy, WWF Locations: California, Tracy , CA, Brisbane , California

But they are going only as far as the safest bets in the junk category, bonds rated BB and B. Junk bond spreads, the additional interest rate investors demand over safe Treasury bonds, tightened sharply. The spreads of those rated BB and B, or the higher rungs of junk, had tightened 47-52 basis points last week, according to Informa Global Markets data. Four junk bond issuers – Bombardier (BBDb.TO), Venture Global LNG, Smyrna Ready Mix Concrete and InfraBuild Australia - announced bond offerings on Monday. The spotty access to bond markets does not bode well for poorly rated companies.

Persons: Rick Wilking, ”, Edward Marrinan, Peter Knapp, Winnie Cisar, bode, Morgan Stanley, Moody's, Manuel Hayes, Shankar Ramakrishnan, Paritosh Bansal, Andrea Ricci Organizations: REUTERS, Federal, Nikko Securities Americas, Investors, JPMorgan, Informa, CCC, Bombardier, Venture Global LNG, “, London, Insight Investment, Barclays, Thomson Locations: Westminster , Colorado, Smyrna, Australia

The results show how Australia's retail banks are leaning into businesses outside their traditional earnings engine of mortgages as higher interest rates raise the cost of repayments, spurring competition which has flattened profit margins. Sydney-listed Westpac said profit from its consumer division, which has just over one-fifth of Australian mortgages, shrank 7% in its full-year to end-September. Westpac gave no profit forecasts but said April-to-September trading was "more challenging" than the previous six months and "this is expected to continue into 2024". "If that does eventuate, interest rates will probably need to be higher than what we're thinking," he said on a call with analysts and media. Westpac declared a final dividend of 72 Australian cents per share, up from 64 Australian cents a year earlier.

Persons: David Gray, Azib Khan, Peter King, We've, Byron Kaye, Roushni Nair, Upasana Singh, Andrew Heavens, Josie Kao, Aurora Ellis Organizations: Australia's Westpac Banking Corp, REUTERS, Westpac, Commonwealth Bank, National Australia Bank, ANZ, Sydney, midsession, P Capital, Thomson Locations: Sydney, Australia, Ukraine, Bengaluru

☆ Expedia CEO: Consumer is still traveling, and we're seeing good global demand
▼ + stars: | 2023-11-06 | 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 EmailExpedia CEO: Consumer is still traveling, and we're seeing good global demandExpedia CEO Peter Kern joins 'Squawk on the Street' to discuss whether people have overdone their worries about consumer travel, whether there are any signs of a slowdown and more.

Persons: Peter Kern

☆ Janitor accused of wiping his penis and anus on bread meant for kids in 3rd-5th grade
▼ + stars: | 2023-11-05 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

AdvertisementAdvertisementAn elementary-school janitor was accused of spreading his saliva, urine, and feces on food due to be served to kids, horrifying his New Jersey community. AdvertisementAdvertisementThe document cited Telegram videos which it said showed Impellizzeri using pieces of bread to wipe his "penis, testicles and anus" before putting them back to be served to kids. AdvertisementAdvertisementIt said another video showed him "spraying bleach into a container of cucumbers" later served children. The prosecutor's office said that investigators found items at the school seeming to match those in the video. The prosecutors' office said health officials had been to the school to sanitize affected areas and throw out any items from the video.

Persons: —, Giovanni Impellizzeri, Elizabeth F, Impellizzeri, Shatora Sheikh, Peter Koza Organizations: Service, Moore, New, Office, Prosecutors, CBS News, Investigators Locations: New Jersey, Jersey, Upper Deerfield Township, Cumberland County, Cumberland

☆ 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

☆ A Friendship Forged in Wartime Casts a Long Shadow
▼ + stars: | 2023-10-27 | by ( Jennifer Egan | ) www.nytimes.com time to read: +2 min

ABSOLUTION, by Alice McDermottAlice McDermott is rightly celebrated for her granular, nuanced portraits of mid-20th-century life, with a particular focus on Irish Americans. Her fans may be startled, then, to find themselves plunged into 1963 Saigon at the start of her enveloping new novel, “Absolution,” whose lofty title belies its sensory, gritty humanity. McDermott’s contextual leap is not as great as it might seem. A bossy insider and mother of three, Charlene masterminds a “cabal” of charitable military-industrial wives bent on helping poor and ailing Vietnamese. Their work consists of channeling black-market profits into buying trinkets and candy to distribute to hospitalized children (some of whom may be recovering from war wounds) and their impoverished families.

Persons: Alice McDermott Alice McDermott, ” Patricia Kelly, Peter, Billy Lynch, “ Charming Billy ”, Marie, Peter Kelly’s, Kennedy, Ngo Dinh Diem, ” Graham Greene’s, McDermott, ”, Patricia, Charlene, Charlene masterminds Organizations: Americans, Catholic, Central Intelligence Agency, “ Catholic Intelligence Agency, WASP Locations: Saigon, American, McDermott’s, “, Vietnam, South Vietnam

☆ Analysis: Use of weather derivatives surges as extreme climate events rock the globe
▼ + stars: | 2023-10-11 | by ( Harry Robertson | ) www.reuters.com time to read: +6 min

Weather derivatives were born in the late 1990s. Climate change and the El Nino weather phenomenon combined to make the northern hemisphere summer of 2023 the hottest ever recorded, according to the European Union Climate Change Service. Weather derivatives let buyers hedge against the risk that the weather will damage their business. Average open interest in CME weather futures and options contracts in September was around 170,000 contracts, compared to roughly 10 times that for crude oil - although market participants reckon 90% of the weather derivatives market is in over-the-counter deals. "Extreme weather events tend to make good marketing for weather futures," said Samuel Randalls, a professor at University College London who focuses on weather and climate.

Persons: Andrew ., Ken Griffin's, Peter Keavey, Griffin's Citadel, Nick Ernst, Ernst, Matthew Hunt, Samuel Randalls, David Whitehead, Whitehead, UCL's Randalls, BGC's Ernst, Martin Malinow, Harry Robertson, Emelia Sithole Organizations: NYPD, REUTERS, Energy, Chicago Mercantile Exchange, Enron, CME Group, El, Change, Graphics, University College London, Citadel, Thomson Locations: Manhattan, Williamsburg, New York City, U.S, Paris, New York, Ukraine

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