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☆ What's in a title? How hedge funds and their employees use the industry's lack of consistency to their advantage
▼ + stars: | 2024-10-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +9 min

The lack of uniformity allows both firms and employees to present themselves in the best light. This lack of uniformity and the relentless war for talent has firms and employees alike taking advantage of the ambiguity. Rokos has two dozen employees with the title "investment officer" in their LinkedIn profiles. At Coatue, executives sign off on what employees put as their title on LinkedIn, people familiar with the firm's operations said. Members of Tiger Global's front-office team use "investor" as their title on LinkedIn instead of a more specific role.

Persons: —, David Einhorn's, James Fishback, Morgan Stanley, Goldman Sachs, Ken Griffin, Gerald Beeson, Sjoerd, Google's Paul Darrah, Jose Gamez, Rokos, Chris Rokos, Paul Enright, Townie Wells, Enright, Jain, Tiger, Marshall Wace, D.E, Shaw, allocators, Elliott, Don Steinbrugge, Steinbrugge Organizations: Service, Goldman, Bloomberg, Business, Industry, Citadel, Citadel Securities, Jain, Townie, Viking Global, Sigma, Fund, Talent, Agecroft Partners Locations: Greenlight, Miami, Palm Beach, London, Wells, Coatue

☆ Welcome to the 'treat yourself' economy — where skincare and long hair rule
▼ + stars: | 2024-10-25 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

An uptick in personal care spending could be a sign US consumers are feeling more confident. Better-than-expected retail sales last month point to a coming "treat yourself economy." Those rising numbers point to a trend that Washington Post reporter Heather Long dubbed the "treat yourself economy" in a conversation with Marketplace last week. AdvertisementIt's an expensive trend that may have been less achievable a year or two ago when personal care spending was down nationwide. "Consumers are more willing to spend on the luxury or higher-quality personal care items they avoided during the downturn, such as high-end hair care or designer skincare goods."

Persons: —, Heather Long, Long, Peter C, Earle Organizations: Service, Washington Post, American Institute for Economic Research, Wall Street Locations: Utah

☆ Luka Dončić and the Dallas Mavericks cruise past Victor Wembanyama’s San Antonio Spurs
▼ + stars: | 2024-10-25 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —Luka Dončić and Klay Thompson combined impressively in only their first game together to lead the Dallas Mavericks over the San Antonio Spurs 120-106 in the latest edition of the I-35 Rivalry. French phenom Victor Wembanyama had a tough night for the Spurs, scoring just 17 points while shooting a paltry 27.8% from the floor. On his San Antonio debut, veteran point guard Chris Paul had just three points but provided eight assists and seven rebounds. Thunder record statement win over the NuggetsShai Gilgeous-Alexander Chet Holmgren led the Thunder to an impressive win. Thursday night’s full scoresAway @ home (winners in bold)San Antonio Spurs 109-120 Dallas MavericksBoston Celtics 122-102 Washington WizardsOklahoma City Thunder 102-87 Denver NuggetsMinnesota Timberwolves 117-115 Sacramento Kings

Persons: CNN — Luka Dončić, Klay Thompson, Dončić, Thompson, ” Dončić, Dončić’s, Irving, Victor Wembanyama, Chris Paul, Brown, John McDonnell, Jaylen Brown, Jason Tatum, Tatum, –, Alex Sarr, Bub Carrington –, Jordan Poole, Jonas Valančiūnas, Nuggets Shai Gilgeous, Alexander Chet Holmgren, Ron Chenoy, Reuters Shai Gilgeous, Alexander, Chet Holmgren, Holmgren, Nikola Jokić, Jamal Murray, Russell Westbrook, ”, De’Anthony Melton Organizations: CNN —, Dallas Mavericks, San Antonio Spurs, Slovenian, NBA, Dallas, Golden State Warriors, ESPN, “, Spurs, San Antonio, Celtics, Boston Celtics, New York Knicks, Washington Wizards, Wizards, Washington, Nuggets, Thunder, USA, Sports, Reuters, Oklahoma City Thunder, Denver Nuggets, Portland Trail Blazers, Warriors, Golden State, Dallas Mavericks Boston Celtics, Washington Wizards Oklahoma City Thunder, Denver Nuggets Minnesota Timberwolves, Sacramento Kings Locations: Portland

☆ Anthony Davis, Zion Williamson and 9 other NBA players ready for big years
▼ + stars: | 2024-10-25 | by ( John Hollinger | ) www.nytimes.com time to read: +16 min

The Basketball 100 The story of the greatest players in NBA history. In 100 riveting profiles, top basketball writers justify their selections and uncover the history of the NBA in the process. I had the Most Improved Player (Maxey), but none of the other 13 players who received votes made my list. Zion Williamson, PF/C, New OrleansThis one is a pure eye-test call: Williamson finished last season playing the best basketball of his career. (Photo of Anthony Davis and Zion Williamson: Tyler Kaufman / Getty Images)

Persons: Tyrese Maxey, wasn’t, James Harden, Maxey, — I’ll, Anthony Edwards, Chet Holmgren, Scottie Barnes, Charlotte’s Mark Williams, Davis, He’s, LeBron James ’, Anthony Davis, Dyson Daniels, Daniels, Zion Williamson, Williamson, Zion, Amen Thompson, Thompson, Josh Giddey, Chicago Giddy, he’s, Jalen Williams, Williams, it’s, RJ Barrett, Barrett, Tre Mann, Miles McBride, John Jones, Charlotte Mann, Mann, Charlotte’s, there’s, Julian Strawther, Denver I’m, Nuggets hadn’t, Kentavious Caldwell, Cam Thomas, Brooklyn I’m, Thomas, Dennis Schröder’s, Thomas ’, Powell, Norm, ”, Leonard, Russell Westbrook, Paul George, Harden, he’ll, Zach Harper, Tyler Kaufman Organizations: Philadelphia 76ers, NBA, Minnesota Timberwolves, Lakers, Denver Nuggets, Davis, SG, Hawks, Pelicans, Houston, League, Chicago, New Orleans, Thunder, Bulls, Oklahoma, Raptors, Knicks, USA, Hornets, Denver, Nuggets, Nets, Brooklyn, Clippers, The Athletic Locations: Atlanta, New Orleans, PF, positionless, Houston, Wembymania, Chicago, Oklahoma City, SF, Toronto, Canada, New York, Gonzaga, Brooklyn, playmaking, Phoenix

☆ I quit my stable 6-figure job to travel the world. It was lonely, and I worried I'd made a mistake, but I learned to forge my own path.
▼ + stars: | 2024-10-25 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +7 min

Nabila Ismail quit her six-figure healthtech job to travel for a year before turning 30. AdvertisementThis as-told-to essay is based on a conversation with Nabila Ismail, a 30-year-old from New York who quit her corporate job to travel. When I was in pharmaceutical school, I promised myself I'd take a year off work to travel before I turned 30. Leaving my job felt like a bad breakup. Nabila Ismail in Mexico.

Persons: Nabila Ismail, Ismail, —, It's, I'd, Nabila Ismail I, I've, I'm, Tess Martinelli Organizations: Service, University of Buffalo Locations: New York, Los Angeles, GoodRX, Bali, Pakistan, Lebanon, Jordan, Pakistani, Mexico, tmartinelli

☆ Be mean to me, ChatGPT: People are turning to AI chatbots for 'tough love' and motivation
▼ + stars: | 2024-10-25 | by ( Renée Onque | ) www.cnbc.com time to read: +2 min

One of my close friends really loves ChatGPT and uses it all the time. Typically she's asking the AI chatbot questions like "Should I buy this skirt or this dress, and which one am I likely to wear more often?" It turns out that they're not the only ones turning to ChatGPT for some tough love. More and more users seem to be asking for advice that will hurt their feelings enough to motivate them. "But some people are more familiar with the tough love approach.

Persons: she's, ChatGPT, they're, Molly Burrets, It's, Burrets, what's

☆ Denny's is closing 150 locations in the latest sign of the squeeze on family dining
▼ + stars: | 2024-10-25 | by ( Nora Redmond | ) www.businessinsider.com time to read: +4 min

AdvertisementDenny's is the latest casualty of the squeeze on family dining chains, announcing this week that it plans to close about 150 locations before 2026. "We believe this is absolutely the right thing to do to make our system stronger," Denny's CEO Kelli Valade told investors. "Everyone has lost traffic," Denny's CEO Valade said. The turn toward takeoutThe rise in takeout has also impacted family dining as more customers look to order food in rather than go out. "They are drawing customers away from traditional family dining establishments," Puzhakov said.

Persons: —, Kelli Valade, Valade, Gregg Majewski, Neil Saunders, Tomas Gorny, Gorny, Elijah Puzhakov, Puzhakov Organizations: Service, Securities, Exchange, Craveworthy Brands, McDonald's, KFC Locations: Olive, takeout

☆ Putin has spent years championing de-dollarization — but a new reality is setting in
▼ + stars: | 2024-10-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Russia faces sweeping sanctions over its full-scale invasion of Ukraine and has been locked out of the US dollar-dominated global financial system, including the widely used SWIFT financial messaging system, making payments and transactions challenging. The Kazan Declaration, issued Wednesday, did not mention global dollar dominance — but it highlighted alternatives. AdvertisementChina — even though it's in a prolonged slowdown — is expected to be the top contributor, accounting for about one-fifth of global growth over the five years. AdvertisementHowever, BRICS economies have a smaller global presence in global financial flows, limiting the impact of de-dollarization, the ING analysts added. Other issues include what countries would use the alternative currencies for and if the West would sanction such alternative systems, he said.

Persons: Vladimir Putin, Putin, —, he's, Alexander Kolyandr, Tom Keatinge Organizations: Service, ING, United, United Arab Emirates, Bloomberg, International Monetary, Center for, Centre for Finance, Security, Royal United Services Institute Locations: BRICS, Russian, Kazan, Russia, Ukraine, cryptocurrencies, Brazil, India, China, South Africa, Iran, Egypt, Ethiopia, United Arab, USA

Billionaires Darwin Deason, Michael Dell, and Tony Pritzker are trying to offload homes right now. It can take a long time for extremely expensive or unique homes to find buyers. AdvertisementBillionaires regularly want to offload their homes, but the housing market can present some unique challenges for the wealthiest home sellers. At least two billionaires have found buyers for their homes this fall. A handful of billionaires, however, have homes they're still trying to sell.

Persons: Darwin Deason, Michael Dell, Tony Pritzker, —, Gordon Getty, Getty, Rupert Murdoch's Organizations: Service, of Wings, Media, Fox Corporation, News Corp Locations: Boston, Berkeley, San Francisco, Manhattan, California

Since late August, six of his town halls have been moderated by a prominent woman in politics or media. So far, Trump has partnered on town halls with Sen. Marsha Blackburn of Tennessee; Govs. (A virtual town hall with self-help guru Tony Robbins was canceled this month because of Hurricane Milton.) Former ESPN anchor Sage Steele is one of the women who have moderated recent Trump town halls. Elijah Nouvelage / AFP - Getty ImagesThe town halls have provided memorable and, at times, awkward moments.

Persons: Donald, Harris Faulkner, Kamala Harris, —, “ It’s, ”, “, Donald Trump, ” Trump, Trump, Sen, Marsha Blackburn of, Sarah Huckabee Sanders, Arkansas, Kristi Noem, Rep, Anna Paulina Luna of, Tulsi Gabbard, Sage Steele, Tony Robbins, Susan Walsh, Donald J, ” Huckabee Sanders, JD Vance, Steele, Danica Patrick, Harris, Harris ’, Jabin, Joe Rogan’s, E, Jean Carroll, mispronounced Harris ’, Vance, that’s Kamala Harris, Gretchen Whitmer, Elijah Nouvelage, Huckabee Sanders, pushback, doesn’t, Katie Britt, John Micklethwait, podcaster Patrick Bet, David, Anna Paulina Luna, Win McNamee, ” Steele, shopworn Trump Organizations: Fox News, Univision, Democratic, Trump, ESPN, NBC News, NBC, South Dakota Gov, Washington, Getty, ”, GOP, Bloomberg, Florida Rep Locations: Marsha Blackburn of Tennessee, South Dakota, Anna Paulina Luna of Florida, Hawaii, Hurricane Milton, Trump, Michigan, Flint , Michigan, Ohio, ” Michigan, AFP, Flint, Harris, Noem, Oaks , Pennsylvania, Lancaster , Pennsylvania, United States of America

☆ Kentucky state senator dies weeks after plunging into an empty swimming pool on a mower
▼ + stars: | 2024-10-24 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

Turner died Tuesday evening after his “hard-fought battle” with injuries sustained in the accident, Kentucky Senate President Robert Stivers said in a statement Wednesday. “Johnnie spent his life lifting others — whether through his service in the U.S. Army, as a member of the State House of Representatives and State Senate, or in his private legal practice,” Stivers said. Turner pushed for pro-coal legislation and other measures aimed at uplifting his Appalachian district, spanning several counties in eastern Kentucky. Turner, an attorney, won election to the state Senate in 2020, ousting a Democratic incumbent with the same last name. With his death coming so close to the election, Turner’s name will appear on the general election ballot, the secretary of state’s office said.

Persons: Sen, Johnnie Turner, Turner, Robert Stivers, “ Johnnie, ” Stivers, “, —, Mitch McConnell, ” McConnell, “ That’s, Damon Thayer, Turner’s, ” Thayer, coal.But Turner, Thayer, ” Turner, David Osborne, ”, ” Osborne Organizations: Harlan Republican, U.S . Army, State, of Representatives, State Senate, U.S, Senate Republican, Bluegrass State, Kentucky House, Republican, Kentucky’s GOP Locations: FRANKFORT, Ky, — Kentucky, Appalachian, Kentucky, Letcher County, ” Kentucky, “, Kentucky’s

☆ Johnnie Turner: Kentucky lawmaker dies weeks after plunging into an empty swimming pool on a mower
▼ + stars: | 2024-10-24 | by ( Associated Press | ) edition.cnn.com time to read: +4 min

Persons: Sen, Johnnie Turner, Turner, Robert Stivers, “ Johnnie, ” Stivers, “, —, Mitch McConnell, ” McConnell, “ That’s, Damon Thayer, Turner’s, ” Thayer, Thayer, ” Turner, David Osborne, ”, ” Osborne Organizations: Kentucky AP, Kentucky, Harlan Republican, U.S . Army, State, of Representatives, State Senate, U.S, Senate Republican, Bluegrass State, Kentucky House, Republican, Kentucky’s GOP Locations: Frankfort, Kentucky, Appalachian, Letcher County, ” Kentucky, “, Kentucky’s

☆ Closing the Deal with the Property Brothers
▼ + stars: | 2024-10-24 | by ( Diana Olick | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailClosing the Deal with the Property BrothersOver the past five years, the real estate market has changed drastically. Now, a lack of inventory combined with high home prices has created a tough environment for those looking to move. "Property Brothers" Drew and Jonathan Scott talk about what trends they're seeing in the housing market, issues surrounding home affordability and their latest venture to help combat some of these housing issues.

Persons: Drew, Jonathan Scott

☆ A loneliness epidemic is spreading worldwide. Seoul is spending $327 million to stop it
▼ + stars: | 2024-10-24 | by ( Jessie Yeung | ) edition.cnn.com time to read: +8 min

CNN —Every year, thousands of South Koreans – mostly middle-aged men – die quietly and alone, cut off from their family and friends. “Loneliness and isolation are not just individual problems, but tasks that society must solve together,” Seoul mayor Oh Se-hoon said in a news release. The phenomenon, known by the Japanese term “hikikomori,” has become increasingly common; South Korea had up to 244,000 such recluses in 2022 by one estimate. A Buddhist nun and staff of Good Nanum hold the name tablets of three deceased people before their cremation on June 16, 2016 in Goyang, South Korea. However, when asked about what makes them feel lonely, “there are some differences compared to other countries,” she said.

Persons: –, hoon, ”, Soo, Myongji University – cautioning, Nanum, Jean Chung, “, they’re, Anthony Wallace, … Organizations: CNN, Koreans, Myongji University, Ministry of Health, Getty, Government, Prevention, Management, Korea isn’t, United, World Health Organization Locations: Seoul, Korea, South Korea, Goyang, “, South Koreans, South, AFP, Japan, United Kingdom

☆ Millennials Big Money Mistake: Holding Cash Instead of Buying Stocks
▼ + stars: | 2024-10-24 | by ( Callie Cox | ) www.businessinsider.com time to read: +10 min

This, despite the fact that younger investors were more optimistic about the economy, their incomes, their living situations, and their investments. Millennial investors have been deeply scarred by two life-changing crises in their young lives. But if you look at hard numbers from the Federal Reserve about what millennial investors actually own, you can see that this stereotype is misguided. When you compare millennials' cash levels with Gen X's cash levels at the same age, though, the risk aversion becomes clear. But when it comes to younger investors, I think the scars run deeper than worries about a coming downturn.

Persons: Cash, it's, millennials, Gen Xers, boomers, There's, would've, you'd Organizations: Bank of, Federal Reserve, University of Michigan, Occupy, Dow, Netflix Locations: eToro, United States, YOLO

☆ What to do with Honeywell stock after its sharp post-earnings pullback
▼ + stars: | 2024-10-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Dow stock Honeywell was one of the biggest drags on the 30-stock average Thursday after Club industrial giant reported mixed third-quarter results compounded by a mixed outlook. HON YTD mountain Honeywell YTD Honeywell shares sinking 4.5% after the release was understandable but represents an opportunity. Honeywell Why we own it: Honeywell is a provider of industrial technology solutions to companies in various industries. Sales were revised lower because the short cycle recovery in the company's industrial automation segment is not materializing as quickly as management was expecting. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.

Persons: we're, Vimal Kapur, Kapur, Kupar, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Dow, Honeywell, Emerson, CAES Systems, Air Products, Aerospace Technologies, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York

☆ Tesla shares are soaring After EV maker's earnings report. What analysts are saying
▼ + stars: | 2024-10-24 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

TSLA YTD mountain Tesla stock in 2024. Jonas reiterated his overweight rating on Tesla stock, and his price target implies 45% upside. Wells Fargo, $125 per share price target Wells Fargo isn't a buyer after the strong results, citing high valuations. His neutral rating and $250 per share price target implies roughly 17% upside ahead. Barclays, $220 per share price target Barclays had positive takeaways from the report but reaffirmed that questions remain around Tesla's artificial intelligence and full self driving initiatives.

Persons: Elon Musk, Tesla, they're, Morgan Stanley, Morgan Stanley's Adam Jonas, Jonas, Wells, Colin Langan, Langan, Goldman Sachs, Mark Delaney, Delaney, Dan Levy, Levy, John Murphy, Murphy Organizations: FactSet, Tesla, Barclays, Bank of America Locations: Texas, California, Shanghai

☆ Boeing had a tough 24 hours, but with CEO Kelly Ortberg's turnaround plan, analysts remain hopeful
▼ + stars: | 2024-10-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

CEO Kelly Ortberg has vowed to turn around the company and laid out a four-point plan. CEO Kelly Ortberg vowed to "return Boeing to its former legacy" and said the company would focus on changing its culture. However, restoring the traditional defined-benefit pension plan — replaced with a 401(k) in 2014 negotiations — has been a key issue for many on the picket lines. Bank of America analysts estimated that restoring this pension plan would cost up to $400 million annually. Boeing's production has been limited as it faces supply-chain constraints and renewed scrutiny from regulators in the wake of January's Alaska Airlines blowout.

Persons: Kelly Ortberg, —, Manuel Valdes, William Blair, Peter McNally, China's, McNally, Morningstar's Nicolas Owens, Ortberg Organizations: Boeing, Service, CNBC, Wall Street, Labor, Seattle Times, Bank of America, Anderson Economic Group, AP, Alaska Airlines, Airbus Locations: Seattle, Pacific Northwest

☆ Fund manager: Stay away from Boeing shares as more problems are ahead for the company
▼ + stars: | 2024-10-24 | 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 EmailFund manager: Stay away from Boeing shares as more problems are ahead for the companyMario Veneroso of Kingsview Asset Management says that Boeing has been "dead money" for awhile and he sees a tough road ahead even though it has a strong order book.

Persons: Mario Veneroso Organizations: Email, Boeing, Kingsview, Management

☆ Why a second Trump presidency would hurt the global economy
▼ + stars: | 2024-10-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

For Chinese imports, Trump has proposed an even steeper 60% tariff. Many economists have warned that tariffs planned by Trump will hurt global economic growth and drive up inflation in the US, as well as abroad if other countries introduce higher levies on US imports in response. The International Monetary Fund (IMF) also sees a hit to global gross domestic product from increased tariffs around the world, according to its latest World Economic Outlook. Mario Tama/Getty ImagesA rise in protectionism around the world means open trade is already under threat and the ability of its champion, the World Trade Organization, to settle international trade disputes is severely constrained. “What we’d see in Trump 2 is far more radical than what we saw in Trump 1.”

Persons: Smoot, Donald Trump, Federal Reserve — Trump, Trump, ”, Evan Vucci, he’s, Maurice Obstfeld, Kristalina Georgieva, “, Mario Tama, ” Obstfeld, ” Petros Mavroidis, Scott Olson, Joe Biden, André Sapir, Bruegel, Jerome Powell, Powell, ” Trump, ” Edward Alden, ” Alden Organizations: London CNN, Federal Reserve, Bloomberg, Economic, of Chicago, Trump, Peterson Institute for International Economics, Republican, UBS, Monetary Fund, ABN AMRO, Peterson Institute, IMF, White, Port, World Trade Organization, CNN, Columbia Law School, US, European Union, EU, greenback, Foreign Relations, “ Locations: United States, Hawley, Washington, DC, China, Ukraine, Chicago, Japan, France, South Korea, Port of Los Angeles, Indiana, Portage , Indiana, Brussels, Trump

☆ Boeing’s turnaround just got even harder. Here’s why
▼ + stars: | 2024-10-24 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +8 min

Members of the International Association of Machinists just rejected Boeing’s offer to return to work after a bruising six weeks of strike action. But with 64% of IAM members voting no on the company’s latest offer, getting a once-great American company back on track appears harder than ever. Our members haven’t forgotten that.”Why traditional pension plans matterTraditional pensions are what’s known as defined benefit plans. Traditional pension plans are “one of the hallmarks of retirement security,” Holden said Wednesday night. But he said so far in negotiations Boeing hasn’t entertained any kind of return to a pension plan.

Persons: Kelly Ortberg, Lindsey Wasson, ” Jon Holden, haven’t, ” Holden, It’s, ” Nataleen Anderson, Stellantis, John Lawler, Max, ”, “, Holden, Boeing hasn’t, they’re, Ortberg, Marian Lockhart, “ We’re, We’ve Organizations: New, New York CNN, Boeing, International Association of Machinists, Poor’s, —, IAM, Volunteers, Research, CNN, KIRO, United Auto Workers, General Motors, Ford, Chrysler, GM, Reuters Locations: New York, Washington, Seattle, Everett , Washington

☆ Why Walmart stock keeps hitting new highs, making the Waltons richer than ever
▼ + stars: | 2024-10-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Walmart stock has soared 58% this year to record highs, making its founding family richer than ever. Retail legend Sam Walton's three surviving children are each worth more than $100 billion. Walmart and the Waltons have benefited from a signature strategy and cost pressures on consumers. The stock surge has added more than $32 billion to the fortunes of each of founder Sam Walton's three surviving children — Jim, Rob, and Alice. But it's true the vast majority of the family fortune remains in the hands of Sam Walton's children.

Persons: Sam Walton's, —, they're, Jim, Rob, Alice, Elon Musk, David King, who've, King, Art Weinstein, Florida who's, Weinstein, Sam Walton shrewdly, . King, Jeff Bezos, Mark Zuckerberg, Sam Walton, John T, Lukas Walton, it's Organizations: Walmart, Waltons, Service, Bloomberg, Elon, Sam's, Management, Florida State University, Logistics, Procter, Nova Southeastern University, Tech, Tesla, SpaceX, Amazon Locations: Florida

☆ Tawana Petty Leads the AJL's Charge to Expose AI Harms
▼ + stars: | 2024-10-24 | by ( Monica Melton | ) www.businessinsider.com time to read: 1 min

Petty is equally at home as a poet and peacemaker as she is a researcher, founder, artist, and policymaker for more equitable artificial intelligence. She's asking tough questions about the pervasive nature of surveillance branded as safety, particularly facial recognition, and policing tools as they're applied to marginalized communities. The Detroit native has been honored with a certificate of special congressional recognition and has racked up awards for AI policy, DEI, and ethics. "We still have time to minimize the environmental impacts, to rid ourselves of pervasive and coercive surveillance technologies that harm us, to protect our critical thinking from tech companies who are pursuing systems that erase human cognition in detrimental ways," Petty told Business Insider. See Business Insider's full AI Power List

Persons: Petty Organizations: Detroit

☆ Boeing said it's lost another $250 million on the Starliner project
▼ + stars: | 2024-10-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Boeing has recorded another $250 million loss on its Starliner program. Boeing has lost $1.85 billion on the Starliner program to date. AdvertisementAerospace manufacturer Boeing said on Wednesday that it was incurring an additional $250 million charge against earnings on its beleaguered Starliner program. This is in addition to the $125 million charge against earnings Boeing recorded in the second quarter of this year. Boeing has lost $1.85 billion on the Starliner program to date.

Persons: Kelly Ortberg, —, Starliner, Butch Wilmore, Suni Williams, Wilmore, Williams, Ortberg, Boeing's Organizations: Boeing, New, Service, Aerospace, Space, NASA, SpaceX, SEC, Ortberg, Business Insider, Max, Airlines, Wednesday Locations: New Mexico, Oregon, California

☆ Britain announces major change to fiscal rules to free up billions in spending
▼ + stars: | 2024-10-24 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

U.K. Finance Minister Rachel Reeves on Thursday confirmed she intends to change the country's fiscal rules in the October budget, a move designed to free up billions of pounds for investment. Writing in The Financial Times on Thursday, Reeves said her "investment rule" will "get debt falling as a proportion of our economy." A Treasury spokesperson declined to comment when asked whether the fiscal rule change would target PSNFL in the U.K.'s measure of debt. The Institute for Fiscal Studies, an influential think tank, said on Sept. 30 that a change in the fiscal rules to target PSNFL would offer as much as £50 billion ($64.8 billion) of additional headroom for the government. Reeves confirmed the change to Britain's fiscal rules during a trip to the International Monetary Fund's annual meetings in Washington.

Persons: Rachel Reeves, Labour government's, Reeves, Keir Starmer Organizations: Britain's, Finance, Labour, Financial, Treasury, Fiscal Studies, International Monetary Locations: Washington

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