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☆ Paid Family Caregivers in Indiana Face Steep Cutbacks
▼ + stars: | 2024-03-04 | by ( Ted Alcorn | Kaiti Sullivan | ) www.nytimes.com time to read: +1 min

She’s a paid caregiver and simply rolls out of bed to tend to her charge: her 2-year-old son, who sleeps in a portable playpen right beside her. Sonny was born with a congenital malformation that impaired his brain development and needs near continuous care simply to breathe and eat. Ms. Poynter left her job at a call center when she brought him home from the hospital and has nursed him ever since rather than relying on aides or institutions. Indiana’s Medicaid program has paid her for this labor of love. During the coronavirus pandemic, states received a huge infusion of federal money — money that’s now drying up, leaving Indiana, and many other states, facing tough choices about how to plug the gaping holes in their budgets.

Persons: Kacey Poynter doesn’t, She’s, Sonny, Poynter, “ It’s, ” Locations: Indiana

☆ My family tried 11 of Costco's premade meals, and we'd buy almost all of them again
▼ + stars: | 2024-03-01 | by ( Ted Berg | ) www.businessinsider.com time to read: +1 min

My family reviewed and ranked 11 prepared Kirkland Signature meals from Costco. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . So when I saw how many prepared Kirkland Signature meals were available at Costco on my most recent trip, I figured it might be time to see how good they actually are. My family ate and ranked 11 Kirkland Signature meals to see which was the tastiest and easiest to prepare.

Persons: flavorful, —, Kirkland Organizations: Kirkland, Costco, Service Locations: Yukon

☆ Why Zuck, Ivanka Trump and the world's rich and famous are flocking to a lavish party in India
▼ + stars: | 2024-03-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg, Bill Gates and other CEOs and celebs are at a wedding pre-party in India this weekend. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The centibillionaire's grip on domestic commerce makes him a powerful partner for Western companies trying to break into the Indian market. Vital growth frontierUS executives are eager to cozy up to Ambani and Reliance because they see dollar signs when they look at India.

Persons: Mark Zuckerberg, Bill Gates, Mukesh, —, Sundar Pichai, Ivanka Trump, Mukesh Ambani's, Ambani, Larry Page, Sergey Brin, Anant, Radhika Merchant, Mukesh Ambani, Nita, Prodip Guha, Tim Cook, Cook, Apple's, Ted Sarandos, Meta Organizations: Apple, Microsoft, Netflix, Service, Reliance Industries, Bloomberg, Qualcomm, Intel, Hindustan Times, Amazon, Indian Locations: India, China, New Delhi

☆ Google's Gemini flop raises the question: What exactly do we want our chatbots to do, really?
▼ + stars: | 2024-02-29 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Internet culture chronicler Max Read has a particularly sharp assessment about all of it: Yes, this is dumb. are all that interesting or enlightening questions compared to something like "well, what did you want the computer to do?" I can't really even come up with situation where Gemini's refusal to say that Hitler is worse than Elon Musk has some terrible downstream effect. And, also — The Gemini debacle really is a debacle. AdvertisementMaybe we can all take a breath and slow down, and figure out what this tech really can, and can't do.

Persons: Elon Musk, Hunter, Ted Cruz, Max Read, Pol Pot, Martha Stewart, Hitler, they've, chatbots, Marc Andreessen Organizations: Big Tech, Google, Twitter Locations: New York

☆ Congress passes stopgap bill to avert government shutdown
▼ + stars: | 2024-02-29 | by ( Clare Foran | Ted | ) edition.cnn.com time to read: +5 min

The House and Senate both passed a stopgap bill on Thursday to avert a partial government shutdown at the end of the week. The House vote was 320 to 99 with 113 Republicans voting in favor and 97 Republicans voting against. “The appropriations process is ugly,” Johnson told reporters on Thursday. Rep. Marjorie Taylor Greene of Georgia, who will vote against the stopgap bill, swiped at the speaker over cutting a deal with Democrats on government funding. Rep. Tim Burchett of Tennessee, who was one of the eight Republicans who voted to oust McCarthy, said he opposed the stopgap bill and broader funding deal but was sympathetic to Johnson’s circumstances.

Persons: Joe Biden, Mike Johnson, ” Johnson, –, we’ve, We’re, Johnson, Marjorie Taylor Greene, swiped, CNN’s Manu Raju, Rep, Byron Donalds of, it’s, ”, Kevin McCarthy, Tim Burchett, McCarthy, CNN’s Lauren Fox, Manu Raju Organizations: GOP, CNN, Louisiana Republican, Agriculture, FDA, Commerce, Justice, Science, Energy, Water, Veterans Affairs and Transportation, Housing, Urban Development, Defense, Financial Services, General Government, Homeland Security, Labor, Health, Human Services, Legislative Branch, State, Foreign Locations: Washington, Marjorie Taylor Greene of Georgia, Byron Donalds of Florida, Louisiana, Tennessee

☆ Some young people are finding out about Monica Lewinsky for the first time — and they're in awe
▼ + stars: | 2024-02-28 | by ( Maria Noyen | ) www.businessinsider.com time to read: +4 min

Monica Lewinsky is the face of Reformation's new workwear line, which dropped on Tuesday. "Monica Lewinsky was simply born in the wrong generation," Aubrey Strobel said in her reaction video to the Reformation campaign. "No secret how dirty Monica Lewinsky was done by society, specifically her generation and the generation before her." Advertisement"Coming into 50 was great," Lewinsky told Elle magazine in an interview promoting the Reformation campaign. Representatives for Monica Lewinsky did not immediately respond to requests for comment from Business Insider.

Persons: Monica Lewinsky, TikTokers, they're, Lewinsky, —, Vote.Org, Bill Clinton, they'd, Jessica Weslie, Weslie, Lewinsky might've, she'd, Aubrey Strobel, would've, Strobel, X, Elle, Andrea Hailey, Monica, Hailey Organizations: White House, Service, Vote.Org, House, TED, YouTube, Business

☆ Jim Cramer explains why it's important to look for nuance during earnings season
▼ + stars: | 2024-02-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer reflected on the earnings season so far, saying investors shouldn't judge stocks based purely on figures from a financial report. he said, referring to earnings season. But comments from CEO Ted Decker about the home improvement giant's inventory made Cramer optimistic. Cramer predicted that TJX would see success despite less-than-ideal earnings where management issued light guidance. "I have no illusions about this issue — It's extremely unlikely that the headline process will actually change," Cramer said.

Persons: CNBC's Jim Cramer, It's, it's, Cramer, Ted Decker, Decker, Lowe's, Marvin Ellison, Ellison Organizations: CNBC

☆ An act of generosity is one of the 'quickest and easiest ways to get happier'—here's why
▼ + stars: | 2024-02-28 | by ( Renée Onque | ) www.cnbc.com time to read: +3 min

Buying someone a coffee or holding the door open for the person behind you are examples of one of the simplest ways to increase your happiness: generosity. "One of the quickest and easiest ways to get happier is to be generous," Dan Harris said in a recent episode of his podcast, "Ten Percent Happier with Dan Harris." In some ways, that's the least interesting part of it," said Chris Anderson, curator of TED who spoke with Harris for his podcast. The scientific explanation behind that is that "we are wired to be generous," Anderson said. It's really, really true now, more so than it has ever been," Anderson said.

Persons: Ruth Gottesman, Gottesman, Dan Harris, Chris Anderson, Harris, Anderson, We've Organizations: Albert Einstein College of Medicine, Research, CNBC, Harvard, Nature Communications, TED, Cleveland

☆ Mitch McConnell to step down from GOP leadership position in the Senate
▼ + stars: | 2024-02-28 | by ( Clare Foran | Ted | ) edition.cnn.com time to read: +3 min

Senate Minority Leader Mitch McConnell will step down as GOP leader in November, the Kentucky Republican announced on the Senate floor Wednesday, marking the end of an era on Capitol Hill and setting up a high-stakes race for his successor. He will continue to serve in the US Senate but will allow “the next generation of leadership” to take the helm of the Senate Republican Conference. In 2023, McConnell became the longest-serving Senate party leader in history. McConnell on Wednesday said his decision to step down came following the death of his wife Elaine Chao’s youngest sister, Angela, in a traffic accident earlier this month. Mitch McConnell speaks on the Senate floor on Wednesday.

Persons: Mitch McConnell, ”, McConnell, ” McConnell, “, Chuck Schumer, Republican Sen, Lisa Murkowski, Elaine Chao’s, Angela, they’ve, CNN’s Dana Bash, Kristin Wilson Organizations: Kentucky Republican, Capitol, Senate Republican Conference, Senate, Republican, Kentucky Locations: Washington ,, New York, Alaska

☆ Hannah Waddingham rocked up to the SAG Awards clutching a cardboard purse made by her daughter
▼ + stars: | 2024-02-27 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Hannah Waddingham attended the 2024 SAG Awards with a cardboard clutch made by her daughter. AdvertisementHannah Waddingham rocked up to the 2024 SAG Awards in a sparkly red gown — and a cardboard clutch made by her 9-year-old daughter. In March 2023, Waddingham told People that being a mother is the main priority in her life, despite the difficulties of balancing motherhood and her work schedule. Advertisement"My primary function is being a single mama," Waddingham told People. Waddingham told Glamour.

Persons: Hannah Waddingham, Waddingham, Ted Lasso, —, Zkb3bXgZZ, pare, ike y, ron, ake, hines, alf, ingle, orth Organizations: Service, ust Locations: ife

☆ Look of the Week: Monica Lewinsky’s Reformation campaign reclaims office power dressing
▼ + stars: | 2024-02-27 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

Monica Lewinsky features in her fashion campaign debut as the face of a new workwear collection for the apparel brand Reformation. CNN —Photographed against a city skyline in a bright, high-rise office, Monica Lewinsky stands in an ankle-length black dress, cinched at her waist with a leather belt, and cheetah-print pumps. The image is part of a new campaign Lewinsky is fronting for LA-based apparel brand Reformation. Throughout, she is a statuesque figure, striking power poses in a monochrome red twinset or a tailored vest and tie. Zoey Grossman/ReformationAbove, Lewinsky poses with the "Monica crossbody," a $448 calf leather handbag named in her honor.

Persons: Monica Lewinsky, Zoey Grossman, CNN —, cinched, wasn’t, Lewinsky, ” Lewinsky, ”, Monica crossbody, Bill Clinton, Clinton, ’, ” Zoey Grossman Organizations: CNN, White, Pentagon, TED Locations: LA

☆ Educators teaching AI literacy to students should include ethics in their lesson plans, scholars say
▼ + stars: | 2024-02-27 | by ( Ngozi Nwanji | ) www.businessinsider.com time to read: +8 min

While some optimists focus on AI's benefits in education, others fear that using AI in classrooms could catalyze cheating and misinformation. This is where AI literacy can be useful. Created within the Stanford Graduate School of Education, CRAFT is a collaborative effort of Stanford education researchers, software developers, and curriculum developers. Lee also told BI that AI literacy in classrooms "should involve recognition of where AI can be effective and where it requires extra vigilance." He said the school also hopes to grow CRAFT's teacher codesign fellowship through which fellows develop AI literacy lessons.

Persons: —, OpenAI, Victor Lee, Lee, Matthew Ratz, Ratz, ChatGPT, Erin Reddick, who's, Reddick, Houghton Mifflin Harcourt Organizations: Stanford, Service, Allied Market Research, Arizona State University, ASU, Stanford Graduate School of Education, Montgomery College, TED, Ratz, Houghton Locations: North America, Jasper, Houghton Mifflin

☆ I ordered salads from Saladworks and Sweetgreen. The winner seemed to use fresher ingredients.
▼ + stars: | 2024-02-27 | by ( Ted Berg | ) www.businessinsider.com time to read: +1 min

I mixed the ingredients together before digging in. The flavor of the Thousand Island dressing was a little too strong for my liking. Ted BergI mixed all the ingredients up as best as I could before digging in. When I took the first bite, I discovered that the Thousand Island dressing was the most prominent flavor, which was probably my fault. I like Thousand Island on cheeseburgers, but I don't love it on salads.

Persons: Ted Berg Locations: cheeseburgers

CNN —There is still no clear path to avert a partial government shutdown at the end of the week, with just four days until Congress runs into a key funding deadline. Lawmakers had hoped to release the text of a bipartisan spending deal Sunday evening, but the bill has yet to be unveiled. As the clock ticks down to the deadline, Senate Democrats expressed anger and frustration Monday at the growing risk of a shutdown as many criticized House Republicans over the impasse. “Right now, the Republicans can’t seem to get themselves organized just to sign off on the basic work they’re supposed to do. In the Senate, agreement would need to be reached with the consent of all 100 senators to swiftly move any legislation before the deadline to avert a partial shutdown.

Persons: Mike Johnson, ” Sen, Elizabeth Warren of, CNN’s Manu Raju, “, Republicans can’t, Jon Tester, ”, Raju, Joe Manchin, Chuck Schumer, Johnson, Schumer, ” Johnson, Mitch McConnell, McConnell, We’re, Joe Biden, Alejandro Mayorkas, It’s, Kevin McCarthy, Manu Raju, Sam Fossum, Melanie Zanona, Haley Talbot, Betsy Klein, Tami Luhby, Priscilla Alvarez Organizations: CNN, Lawmakers, Louisiana Republican, House Republicans, Republicans, Montana Democrat, West, West Virginia Democrat, House Republican, GOP, Senate, Capitol, White, Senators, Homeland, Schumer, Agriculture, Energy, Transportation, Veterans Affairs, Urban, and Drug Administration, Justice, Commerce, Defense, Homeland Security, State, Education, Human Services, Environmental Protection Agency Locations: Louisiana, Elizabeth Warren of Massachusetts, Montana, West Virginia, New York, Ukraine, Washington, Housing

☆ The ‘Doomsday Glacier’ is rapidly melting. Scientists now have evidence for when it started and why
▼ + stars: | 2024-02-26 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

They have discovered it started retreating rapidly in the 1940s, according to a new study that provides an alarming insight into future melting. The Thwaites Glacier in West Antarctica is the world’s widest and roughly the size of Florida. “Once an ice sheet retreat is set in motion it can continue for decades, even if what started it gets no worse,” he told CNN. While similar retreats have happened much further back in the past, the ice sheet recovered and regrew, Smith said. “Further events arising more from the warming climate trend took things further, and started the widespread retreat we’re seeing today,” he told CNN.

Persons: Antarctica’s, Thwaites, Joshua Stevens, Julia Wellner, that’s, ” Wellner, you’re, James Smith, “, ”, Smith, ” Thwaites, Jeremy Harbeck, NASA Ted Scambos, Martin Truffer, Truffer, — Organizations: CNN —, National Academy of Sciences, El, West, NASA, Observatory, University of Houston, CNN, British Antarctic Survey, University of Colorado Boulder, University of Alaska Locations: West Antarctica, Florida, Pine, Antarctica, University of Alaska Fairbanks, “

☆ Your Inhalers and EpiPens Aren’t Very Healthy for the Environment
▼ + stars: | 2024-02-26 | by ( Ted Alcorn | ) www.nytimes.com time to read: 1 min

An example of a plastic single-use injector at Battelle, a research nonprofit working on refining and reducing plastic use and waste, in Columbus, Ohio. Credit... Andrew Spear for The New York Times

Persons: Andrew Spear Organizations: Battelle, Credit, The New York Locations: Columbus , Ohio

☆ Can Your Personal Medical Devices Be Recycled?
▼ + stars: | 2024-02-26 | by ( Ted Alcorn | ) www.nytimes.com time to read: +1 min

Most of the plastic in your medicine cabinet is high-quality, medical grade — and devilishly difficult to safely dispose of, let alone recycle. Some at-home medical products, like needles that have come into contact with bodily fluids, should not even be relegated to household trash. They also sell special containers for shipping used, discarded needles and medical waste to sites for safe disposal. But when it comes to recycling plastic devices, from asthma inhalers to insulin and allergy pens, people may find themselves ping-ponging around without a solution. Some states recommend inquiring with local pharmacies, which in turn recommend checking with municipal recycling facilities.

Organizations: New York state’s Department of Environmental Conservation, Walgreens, CVS Health Locations: New

☆ Kristi Noem and Vivek Ramaswamy Are CPAC’s Choices for Trump’s Running Mate
▼ + stars: | 2024-02-24 | by ( Michael C. Bender | ) www.nytimes.com time to read: +1 min

Kristi Noem of South Dakota and the entrepreneur Vivek Ramaswamy tied for the top choice to be former President Donald J. Trump’s running mate in a straw poll on Saturday at a prominent gathering of conservative activists. That was partly because Mr. Trump won the presidential poll, as expected, in a landslide over Nikki Haley, beating her by 94 percent to 5 percent. The last time Mr. Trump was not the top choice for the White House among CPAC attendees was in 2016, when Senator Ted Cruz of Texas finished first. The straw poll, which provides one measure of enthusiasm on the far right and is not intended to be predictive, was announced at the end of the four-day CPAC gathering outside Washington. He has won the party’s first several nominating contests and was widely expected to prevail again on Saturday in Ms. Haley’s home state.

Persons: Kristi Noem, Vivek Ramaswamy, Donald J, Trump, Nikki Haley, Ted Cruz of, Haley Organizations: Conservative Political, White, Ted Cruz of Texas, Republican Locations: South Dakota, Washington, South Carolina

☆ SAG Awards 2024: Winners list
▼ + stars: | 2024-02-24 | by ( Alli Rosenbloom | Lisa Respers France | ) edition.cnn.com time to read: +7 min

Saturday night’s winners were familiar to those who have been following awards season, as actors from “The Bear,” “Oppenheimer” and “Beef” took home statuettes as expected. Alan Ruck, center, and the cast of "Succession" photographed during the 30th Screen Actors Guild Awards in Shrine Auditorium and Expo Hall in Los Angeles on Saturday, Feb. 24. The cast of “Succession” led the nominations among the television categories with five – nabbing the top honor for best ensemble. “Oppenheimer” reigned victorious with three of those awards, while “Barbie” was shut out. This is the first SAG Awards since last year’s prolonged actors’ strike in Hollywood – a fact that was brought up several times throughout the evening – and is also the last major entertainment awards event before next month’s Oscars ceremony.

Persons: ” “ Oppenheimer, ”, Lily Gladstone, Da’Vine Joy Randolph, “, Idris Elba, Billie Eilish, Jessica Chastain, America Ferrera, Robert Downey Jr, Fran Drescher, Jennifer Aniston, Barbra Streisand, ” Bradley Cooper, Alan Ruck, Robert Gauthier, Streisand, Wears, Meryl Streep, Anne Hathaway, Emily Blunt –, Jeff Goldblum, Geena Davis, David Cronenberg, “ Barbie ”, “ Oppenheimer ”, ’, Bradley Cooper, “ Maestro ” Colman Domingo, “ Rustin ” Paul Giamatti, ” Cillian Murphy, “ Oppenheimer, Jeffrey Wright, Annette Bening, Carey Mulligan, “ Maestro ” Margot Robbie, “ Barbie, Emma Stone, Cillian Murphy, Oppenheimer, Matt Winkelmeyer, Sterling K, Brown, ” Willem Dafoe, Robert De Niro, Ryan Gosling, Emily Blunt, Danielle Brooks, Penélope Cruz, “ Ferrari, Jodie Foster, Matt Bomer, Jon Hamm, David Oyelowo, Bass Reeves, Tony Shalhoub, Mr, Monk’s, Steven Yeun, Painkiller ” Kathryn Hahn, Brie Larson, Bel, Ali Wong, Brian Cox, Billy Crudup, Kieran Culkin, Matthew Macfadyen, Pedro Pascal, Elizabeth Debicki, Bella Ramsey, Keri Russell, Sarah Snook, Brett Goldstein, “ Ted Lasso, Bill Hader, “ Barry ” Ebon Moss, Bachrach, Jason Sudeikis, Jeremy Allen White, Alex Borstein, Maisel, Rachel Brosnahan, Maisel ” Quinta Brunson, “ Abbott, Hannah Waddingham, “ Ted Lasso ” Ayo Edebiri, Frazer Harrison, Abbott, ” “ Barry ”, Ted Lasso ”, Indiana Jones, John Wick Organizations: CNN, Actors Guild, Auditorium, Netflix, SAG, Los Angeles Times, Jewish, “, Getty, Guardians Locations: Los Angeles, “, America, Brooklyn, Europe, Hollywood

☆ What to watch for in South Carolina as Nikki Haley fights on her home turf against Trump
▼ + stars: | 2024-02-24 | by ( Allan Smith | ) www.cnbc.com time to read: +4 min

Indeed, on Monday, the local GOP came out and endorsed Trump days ahead of the state's Republican primary. "The Republicans of Lexington County made it clear that they support President Trump in the First in the South Primary and wanted to make their voices heard," Lexington County GOP Chair Mark Weber said in a statement. In 2016, Trump won his primary bid in Lexington County by about 6 points over Sen. Ted Cruz, R-Texas, in a more crowded field. It's become a county to watch on primary nights — doubly so this time around, with its close ties to Haley. In addition to how Lexington County votes, here are some other things to watch on primary night:

Persons: —, Nikki Haley, Donald Trump, Dave Mauldin, Haley, Trump, Mark Weber, Donald J, Biden, Larry Koon, Sen, Ted Cruz, Rob Godfrey, Joe Biden, It's, Godfrey, Nathan Ballentine, Ballentine, I'm, Mauldin, you've Organizations: GOP, Trump, Republican Locations: LEXINGTON, S.C, Lexington, Lexington County, Texas

☆ Analysis: How South Carolina could help Trump make GOP history
▼ + stars: | 2024-02-23 | by ( Harry Enten | ) edition.cnn.com time to read: +4 min

CNN —The South Carolina Republican presidential primary is usually the most important contest of the nominating season. Since 1980, the only Republican to win the nomination without winning South Carolina was Mitt Romney in 2012. While Haley is unlikely to take South Carolina, she is definitely outperforming her national baseline. Both counties have relatively high levels of college graduates, who have been most hostile to the former president in GOP primaries historically. Trump winning college graduates in the South Carolina primary would match what we’re seeing in national polling of the Republican electorate.

Persons: Mitt Romney, Nikki Haley’s, Donald Trump, Haley, Bernie Sanders ’, Trump, Marco Rubio, Ted Cruz, John Kasich, didn’t, Will Organizations: CNN, South Carolina Republican, GOP, Republican, South Carolina, Trump, Republicans, Marquette University Law School, Quinnipiac University, South Carolina Republicans, Iowa GOP, Marquette, Quinnipiac, White Locations: Michigan, Florida, South Carolina, Ted Cruz ( Texas, John Kasich ( Ohio, Sanders, Vermont, Charleston, Richland, Columbia, Iowa, New Hampshire, Quinnipiac, Utah, Washington

☆ Morgan Stanley wealth head Jed Finn just laid out his vision to win over more dollars from clients. Here's what you need to know.
▼ + stars: | 2024-02-23 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

Read previewMorgan Stanley's wealth business is the envy of Wall Street, with $5.1 trillion in assets. The wealth management division has buoyed Morgan Stanley's stock during the market slowdown, but its growth has slowed. Finn added that wealth management clients would soon have access to more customized and tax-efficient portfolios through Parametric, a direct indexing provider it acquired via Eaton Vance in 2021. AdvertisementThis is part of Finn's broader strategy to get customers across the bank to use as many Morgan Stanley products as possible. "The challenge with our model, historically, is we had a great wealth management firm if you wanted to work with a financial adviser," he said.

Persons: —, Morgan, Jed Finn, Finn, Andy Saperstein, James Gorman, Ted Pick, Morgan Stanley's, Vince, Chad Turner, OpenAI, it's, It's, Eaton Vance, Morgan Stanley Organizations: Service, Bank of America, Business, McKinsey, AIMS

☆ Warren Buffett’s highly anticipated annual letter arrives Saturday. Here’s what to expect
▼ + stars: | 2024-02-23 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett is about to release his must-read annual letter where he's expected to pay a heartwarming tribute to the late Charlie Munger. The 93-year-old chairman and CEO of Berkshire Hathaway is slated to release his annual shareholder letter Saturday at 8:00 a.m. "Succession is a top-of-mind issue for many Berkshire investors," Cathy Seifert, Berkshire analyst at CFRA Research, said in a note. Buffett's investment lieutenants, Todd Combs and Ted Weschler, have taken on more responsibilities at Berkshire, independently overseeing about $15 billion each. The run up in Berkshire shares may have curbed the amount of buyback activity in the fourth quarter.

Persons: Warren Buffett, Charlie Munger, Berkshire Hathaway, Steve Check, Munger, Buffett, Munger's, it's, Greg Abel, Cathy Seifert, Todd Combs, Ted Weschler, Todd, Ted Organizations: Check Capital Management, Berkshire, CFRA Research, Investors, Berkshire Hathaway, BNSF Railway Locations: Berkshire, Berkshire Hathaway The Omaha, Dairy

☆ Tech Layoffs Scare Employees but Make Wall Street Investors Happy
▼ + stars: | 2024-02-22 | by ( Emily Stewart | ) www.businessinsider.com time to read: +5 min

It may seem counterintuitive for Wall Street to reward companies for letting people go. After all, layoffs are usually thought to be a sign that the business isn’t doing so hot. And while a lot of the layoff talk is concentrated in tech, investors were also quite pleased about job cuts at Estée Lauder . Many companies took an aggressive approach to hiring during the pandemic, particularly tech companies whose engagement boomed while everyone was stuck at home. The tech companies developing AI products are the best positioned to try them out.

Persons: Estée Lauder, ”, Scott Kessler, Goldman Sachs, Sameer Samana, moonshot, Ted Mortonson, Baird, Kessler, ” Mortonson, hasn’t, Emily Stewart Organizations: Bloomberg, Third, Companies, Wells, Investment Institute, Business Locations: Samana

☆ Duke's 3-year fraud investigation into Dan Ariely has ended, and the star professor still has a job. Does he want it?
▼ + stars: | 2024-02-22 | by ( Kate Taylor | ) www.businessinsider.com time to read: +17 min

For years, the Duke professor Dan Ariely was at the top of his game. Three professors behind the blog Data Colada reported evidence of fake data in a 2012 paper Ariely coauthored on honesty pledges. "When people do take a risk and they succeed, everybody enjoys it," Ariely told BI. In 2010, Ariely told NPR that two dentists examining the same teeth for cavities would agree only 50% of the time, citing research from Delta Dental. While the board originally said it would "unanimously stand in support of President Gay," Gay stepped down in early January in response to the backlash.

Persons: Dan Ariely, Dan Ariely's, Jesse L, Martin, Ariely, Duke, sniffed, they'd, James B, —, they're, Francesca Gino, Ariely's, Marc Tessier Lavigne, Claudine Gay, Prince Andrew ., he's, Brad Swain, He's, Gordon Pennycook, Sean Gallup, Nick Brown, who's, Michael Sanders, who'd, Sanders, Gino, Aimee Drolet Rossi, Rossi, she'd, Amir, wasn't, hasn't, I've, haven't, isn't, would've, Claudine Gay's, Andrew Lichtenstein, Bill Ackman, Gay, Harvard, doesn't, Gay should've, Brown, Cornell Watson, who've, wouldn't Organizations: Google, NBC, UCLA, Duke, Business, Harvard Business, TED, Irrational, Cornell, Getty, Burda, King's College London, New York Times, NPR, Delta Dental, Higher Education, Hartford, Ariely, Harvard, University, Universities, BI, Colorado's, King's College Locations: Buckingham Palace, British, Hartford, Gaza, Montana

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