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New York CNN —United Auto Workers union President Shawn Fain said Tuesday the union plans to hold strike authorization votes against Stellantis because the automaker is failing to live up to guarantees it made in the 2023 labor deal it reached with the union at the conclusion of a six-week strike. During the livestreamed speech, Fain said that the union would be “holding strike authorization votes at one or more Stellantis locals. It is possible, since only some locals will be holding strike authorization votes, that only some plants will be struck. Asked Monday about an unfair labor practice charge by the UAW, Stellantis said it had yet to see the complaint and couldn’t comment directly on it. “We will communicate our plans to the UAW at the appropriate time.”But Fain blasted that statement from Stellantis.
Persons: Shawn Fain, Fain, , Stellantis, , Carlos Tavares Organizations: New, New York CNN — United Auto Workers, Stellantis, , General Motors, Ford, Jeep, Dodge, Chrysler, UAW Locations: New York, North America, Stellantis
According to the FT, the EU plans to raise billions to help Ukraine by the end of the year. It comes after plans to use profits from Russia's frozen funds to help Ukraine fell short. Ukraine faces a $38 billion financial gap and relies on aid from the US and Western allies. AdvertisementThe EU is preparing to provide up to $45 billion in loans to Ukraine within the next four months, according to a report in the Financial Times. The move comes after a plan to use profits from Russia's frozen funds to help Ukraine ran into roadblocks.
Persons: , Josep Borrell Organizations: Service, Financial Times, European Commission, Business Locations: Ukraine, Washington
In a Monday press conference discussing the incident, the acting director of the Secret Service called for "some hard conversations with Congress." "If I was making decisions, I would push them to eliminate all their investigations, aside from investigating threats toward people under Secret Service protection." Because the men and women of the Secret Service right now, we are redlining them." Of the Department of Homeland Security's $64.81 billion total budget, the Secret Service in 2024 was allotted $3.27 billion — increasing less than $400,000 since 2022. Secret Service agents "are rising to this moment," Rowe said, but "We have to have it every day.
Persons: Donald Trump, Trump, Kenneth Valentine, Valentine, Valentine —, Jeffrey James, , James, there's, Ronald Rowe, Rowe Organizations: Service, Business, Trump International Golf, Secret Service, Department of Homeland Security, Department of, Treasury, DHS, Secret, Walmart, Trump, Department of Homeland
Companies can face data-security challenges with cloud storage and access management. Dan Benjamin, the senior director of product management at Prisma Cloud, a cloud-security platform made by Palo Alto Networks, said that incorporating data-security posture management into cybersecurity strategies could help solve many of these problems. This is crucial, as an IBM report published in 2023 estimated that 82% of data breaches involved data stored in the cloud. Organizations also often use several cloud systems and sometimes lack a solid security strategy for maintaining, updating, and securing data. Liat Hayun, the vice president of product management and research of cloud security at the cybersecurity company Tenable, said cloud environments' flexibility makes them attractive to companies.
Persons: , Dan Benjamin, Benjamin said, Liat Hayun, Tenable, they're, Hayun, haven't, Benjamin, DSPM, Julie Madhusoodanan, Madhusoodanan Organizations: Service, Palo Alto Networks, LinkedIn, Companies Locations: DSPM, Normalyze
My family of four had dinner at Shula's Steak House, a chain with a location at Disney World. Go to newsletter preferences Thanks for signing up! AdvertisementOn a recent trip to Disney World, my family and I decided we'd try a new restaurant — Shula's Steak House. The steak house, which is owned by Shula's Restaurant Group, is named after former Miami Dolphins coach Don Shula. The chain aims to carry on Shula's legacy, so each location has a loose football theme.
Persons: mignon, crème, , we'd, Don Shula Organizations: Disney, Service, Daily, Shula's Restaurant, Miami Dolphins, Business Locations: America, Florida, Chicago, Houston, Richmond , Virginia
During his tenure as CEO, Grove transformed the chip company into a giant of Silicon Valley that, during the 1990s, was as important to the PC market as Microsoft. Pat Gelsinger, who has led Intel as CEO since 2021, has enacted a sweeping set of new initiatives to turn the chip company around. Its Gaudi 3 AI chip, unveiled as a rival to offerings from Nvidia and AMD, is expected to generate just $500 million in sales this year. Meanwhile, Alvin Nguyen, senior analyst at Forrester, told Business Insider that this is a big public win for Intel. Gelsinger's second headline announcement was that the company is establishing Intel Foundry as a separate subsidiary within Intel, with its own new operating board and independent directors.
Persons: , Andrew Grove, he'd, Grove, Grove —, Pat Gelsinger, Gordon Moore, Gelsinger, HWA CHENG, Patrick Moorhead, Moorhead, Alvin Nguyen, Forrester, Gelsinger's, It's, Forrester's Nguyen, Bernstein Organizations: Service, Microsoft, Intel, Business, Nvidia, Gaudi, AMD, Revenue, HWA, Getty, Amazon Web Services, Intel Foundry, Reuters Locations: Silicon, Japan, Moore's, AFP, Poland, Germany, Arizona , Oregon, New Mexico, Ohio
AdvertisementThat included 120 pallets containing 500 wet and moldy tactical vests and "3,000 mildewed body armor plates," the watchdog said. AdvertisementWithout facilities to store or protect the equipment and ammo, they were exposed to the bad weather, the report added. AdvertisementAdditionally, the shipments to Taiwan included six M240B machine guns from the National Guard in Clovis, New Mexico, that were dumped in a cardboard box without any wrapping. The OIG said the six machine guns were found in a cardboard box without any wrapping or packaging. AdvertisementThe Pentagon did not immediately respond to a request for comment sent outside regular business hours by Business Insider.
Persons: , OIG, Pete Nguyen, Nguyen, Joe Biden Organizations: Service, Business, The Defense Department, Travis Air Force Base, US Army, National Guard, Pentagon, Defense Department, Taipei Times, Democratic Progressive Party Locations: Taiwan, Taipei, Clovis , New Mexico, Beijing, China
Gary Hershorn | Corbis News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineTechnology stocks benefit the most from low interest rates, conventional market wisdom says. When rates are low, that proposition appears attractive because returns are low elsewhere. This implies investors have been moving out of tech to other sectors that might experience tailwinds amid lower rates.
Persons: Gary Hershorn, Goldman Sachs, Christopher Barto, It's, CNBC's Hakyung Kim, Pia Singh, Yun Li Organizations: Trade Center, Corbis, CNBC, Nvidia, Meta, U.S . Federal, VanEck Semiconductor, Nasdaq, Dow Jones, Fort Pitt Capital Locations: Manhattan, Jersey City , New Jersey
Read previewFederal prosecutors are reexamining Wall Street banks that lost billions in the 2021 Archegos collapse, anonymous sources told Bloomberg. The revived probe follows just months after Archegos' founder Bill Hwang was convicted of fraud, racketeering, and market manipulation in July. AdvertisementHowever, this plot fell apart when the stocks fell in March 2021, sending Archegos's $150 billion in bets fell into freefall. After an agreement failed to materialize, banks such as Goldman Sachs and Morgan Stanley unleashed their shares onto the market. Sources told Bloomberg that the department has begun making inquiries, with special attention paid to the 2021 banks' emergency discussions.
Persons: , Archegos, Bill Hwang, Hwang, Goldman Sachs, Morgan Stanley Organizations: Service, Bloomberg, US Department of Justice, Business, Credit Suisse, Nomura, UBS, DOJ Locations: freefall
South Korea's military removed 1,300 cameras from its bases after discovering they were Chinese-made. The CCTV cameras were designed to be able to connect to a server in China, a Korean official said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSouth Korea's military has been forced to remove over 1,300 surveillance cameras from its bases after learning that they could be used to transmit signals to China, South Korean news agency Yonhap reported. The cameras, which were supplied by a South Korean company, "were found to be designed to be able to transmit recorded footage externally by connecting to a specific Chinese server," the outlet reported an unnamed military official as saying.
Persons: There's, , Yonhap Organizations: Service, South, Business Locations: China, South Korean
Immediately after the video was posted on Sept. 2, social media users pointed out reasons to be wary. The caution was warranted, according to a new Microsoft threat intelligence report, which confirms the fabricated tale was disinformation from a Russia-linked troll farm. The report builds on previous concerns the U.S. has had about Russian interference in the upcoming election. Notably, some of the recent examples cited in the Microsoft report received significant social media engagement from unwitting Americans who shared the fake stories with outrage. "As the election approaches, people get more heated," Clint Watts, general manager of the Microsoft Threat Analysis Center said in an interview.
Persons: Kamala Harris, Francisco's, Joe Biden, Harris, Biden, Clint Watts Organizations: Democratic, Kremlin, Microsoft Locations: San Francisco, Russia, Russian, U.S
Elon Musk's "America PAC" has spent tens of millions of dollars to help Donald Trump. Now, the super PAC is wading into more than a dozen House races across the country. AdvertisementElon Musk's super PAC has already spent tens of millions of dollars on electing former President Donald Trump. Now, the tech billionaire's "America PAC" is wading into the fight for control of the House of Representatives. According to a document filed with the Federal Election Commission on Monday night, America PAC is spending more than $2.1 million across 14 competitive House races.
Persons: Elon, Donald Trump, Organizations: GOP, Trump, Service, Elon Musk's, Federal, America PAC, Business Locations: Elon Musk's
Read previewThe popularity of exchange-traded funds has skyrocketed over the past decade as more Americans have opted for them over mutual funds. Further, between 2014 and 2024, assets under management in ETFs were at 16%, versus 84% for mutual funds. Related storiesAn increased number of money managers are choosing to offer so-called model portfolios using ETFs as the main vehicles. This means managers opting for the ETF model portfolios have a range of active funds and expertise to choose from. It's a combination of ETFs, mutual funds, and separate accounts that are merged into a strategy.
Persons: , Matt Barry, Jon Maier, It's, Maier, Barry, Merrill Lynch's Organizations: Service, JPMorgan, Business, Touchstone Investments, Morgan, Management
Read previewVice President Kamala Harris during a Tuesday interview said she has full confidence in the US Secret Service following the apparent assassination attempt against former President Donald Trump this past weekend. "You can go back to Ohio," Harris told the NABJ moderators. "Not everybody has Secret Service. I have Secret Service protection," she continued. Advertisement"I checked on him to see if he was ok," the vice president said.
Persons: , Kamala Harris, Donald Trump, Harris, Vance Organizations: Service, National Association of Black Journalists, Business, GOP, Trump Locations: Philadelphia, Springfield , Ohio, Springfield, Ohio, West Palm Beach , Florida
We'll show you how to watch American Sports Story: Aaron Hernandez from anywhere, whether you have cable or are seeking a live streaming alternative. Below, we've put together everything you need to know about American Sports Story: Aaron Hernandez, including a look at the trailer. How to watch American Sports Story: Aaron Hernandez in the USAmerican Sports Story: Aaron Hernandez airs Tuesdays at 10 p.m. The live TV service offers FX through its Sling Blue plan, which also carries USA, Bravo, E!, and 38 other live TV channels. Check price at ExpressVPNAmerican Sports Story: Aaron Hernandez trailerFX released a trailer for American Sports Story: Aaron Hernandez in mid-August.
Persons: Ryan Murphy, Aaron Hernandez, Josh Andrés Rivera, Murphy, we've, Max, ExpressVPN Organizations: Business, New England Patriots, Netflix, US, FX, Bravo, Hulu, Disney, ESPN, ExpressVPN, Sports
She's also the star of a hit new reality TV series. "The Secret Lives of Mormon Wives," which premiered on Sept. 6, broke streaming records for Hulu, becoming its most-watched unscripted season premiere in 2024 so far. "The exposure, it's a different level," Paul says of reality TV fame. Disney/Natalie CassSubjecting yourself to reality TV editors can be risky — but if it works, it's great for businessPrior to "Mormon Wives," Neeley already had a business of her own: Babymama, a line of natal nutrition gummies. AdvertisementEven when it's chock-full of drama, the show has already been a boon for business, Neeley says.
Persons: TikToker Taylor Frankie Paul, Tate, Olivia Rodrigo's, Dakota Mortensen, She's, Paul, wrangled, swingers, sodas, Pepper, castmate, Neeley, Mortensen, Taylor Frankie Paul, Fred Hayes, , she's, It's, Disney, Natalie Cass, it's, she'd, Whitney Leavitt, I've, Leavitt, we're Organizations: Service, Indy, Business, Hulu, Disney Locations: TikTok, Utah, New York City, New York, Salt Lake City
My husband and I rarely catch up with our own parentsWe see my husband's family about twice a month, as they live nearby. When my kids were small, we took road trips from Chicago to Montana, a 1,400-mile drive that would take 21 hours. The author's trip with her son began in Rafina, a port city near Athens. Wendy AltschulerA one-on-one vacation with my middle childIn June, I took my middle son to Greece on an adventure for just the two of us. I do this with each of my sons, but this time, it was my middle son's turn.
Persons: I'm, Long, we'd, they've, we're, Wendy Altschuler, Nikolas, beryl, I've Organizations: Service, Business, Fira Port Locations: Chicago, Montana, Rafina, Athens, Greece, Paros, Naxos, Santorini, Fira, Oia
QMill, a Finnish quantum computing startup, raised $4.5 million in seed funding. The startup was founded by Nokia Technologies' former CTO and a quantum computing professor. AdvertisementQMill, a newly launched quantum computing startup, has raised $4.5 million in seed funding. Based in Espoo, Finland, QMill was founded by a team that includes Nokia Technologies' former CTO, Hannu Kauppinen, and a quantum computing professor, Mikko Möttönen. Quantum computing has advanced significantly in recent years, but there are challenges slowing widespread adoption.
Persons: QMill, , Hannu Kauppinen, Mikko Möttönen Organizations: Nokia Technologies, Service, Business Locations: Espoo, Finland
It coincides with the launch day of the "Dungeons & Dragons" Player's Handbook. Go to newsletter preferences Thanks for signing up! AdvertisementCritical Role, the crew best known for being a mega-successful "Dungeons & Dragons" streaming show, has made a nerd world power move for the books. Over the past nine years, the company has gone from eight nerds playing "Dungeons & Dragons" on Twitch to selling out live arena shows and making two Amazon-backed animated series . On September 17, Critical Role surprised fans by officially launching preorders for its major new tabletop role-playing game, Daggerheart.
Persons: Organizations: Service, Business
Ahead of Combs' expected afternoon court appearance, his lawyers offered a $50 million bond to keep him out of jail before his trial. "In short, if the defendant wanted to flee, he has the money, manpower, and tools to do so quickly and without detection," prosecutors wrote in the filing. But in the past, Combs has pressured security staff to stay quiet about his activities, prosecutors wrote. "When a member of hotel security staff intervened, the defendant attempted to offer the hotel security officer a stack of cash to ensure his silence," prosecutors wrote. "After the security guard refused the defendant's bribe, and after coordination between the defendant and his employees, the defendant's staff contacted other members of hotel security."
Persons: , Sean, Diddy, Combs, who's, Prosecutors, Sean Combs, Cassie Ventura — Combs Organizations: Service, of, Business, Prosecutors, Enterprise, Miami Locations: Southern, of New
The federal indictment against Sean 'Diddy' Combs accuses the rapper of arranging 'Freak Offs.' They involved 'extended sex acts' between female victims and male commercial sex workers. Combs was arrested Monday and charged with felony sex trafficking and racketeering. AdvertisementAn unsealed federal indictment against Sean "Diddy" Combs alleges the music mogul arranged and filmed what he called "Freak Offs": elaborate sex performances between female victims and male commercial sex workers. The rapper and entrepreneur was arrested Monday, and charged with three felonies: racketeering conspiracy, sex trafficking, and transportation to engage in prostitution.
Persons: Sean, Diddy, Combs, Organizations: Service, Business
Read previewHealthtech startup Fabric launched out of stealth in March 2023 to help patients get care faster and automate administrative work for providers. In June, Fabric bought Walmart's virtual care business, MeMD, after the retailer announced it would shutter its 51 health clinics. MeMD was Fabric's third acquisition — the startup previously bought asynchronous virtual care platform Zipnosis from Bright Health, as well as generative AI startup Gyant. The startup has acquired TeamHealth VirtualCare, the virtual care business inside giant physician practice group TeamHealth, Business Insider has learned exclusively. While virtual care saw a tsunami of VC interest during the pandemic, investors and healthcare companies alike are now pulling back.
Persons: , it's, MeMD, TeamHealth VirtualCare, UnitedHealth Group's Optum, Aniq Rahman, Rahman, we've, Hemant Taneja, Commure, We've, Moat Organizations: Service, Fabric, Bright Health, Business, Google Ventures, Salesforce Ventures, General Catalyst, Bright, Walmart, Vast Ventures, Oracle Locations: Florence
Some top investors prefer high portfolio concentration levels. While diversification protects against risks, concentration is a high-risk, high-reward proposition. Apple and Occidental Petroleum are among the stocks that some investors have at least 20% of their portfolios in. Go to newsletter preferences Thanks for signing up! AdvertisementSome of the best investors in the world find success through what others may view as a risky strategy: high portfolio concentration levels.
Persons: , Charlie Munger Organizations: Apple, Occidental Petroleum, Service, Business
X owner Elon Musk, who has endorsed Trump, replied, "And no one is even trying to assassinate Biden/Kamala." Related stories"I don't think this is much more than just confirmation that X is not a place for brands. This year, advertisers slashed their X marketing budgets ahead of major events like the Super Bowl. Musk is still the richest person in the world, with a net worth of about $250 billion, per Bloomberg. AdvertisementSo X may suffer, but Musk will probably come out alright.
Persons: , Donald Trump, Elon Musk, Trump, Biden, Kamala, Tucker Carlson, Brian Morrissey, Digiday, Brendan Gahan, Musk, Musk's, Gahan, bode, Morrissey, he's, haven't, outrageousness, Eric Dezenhall Organizations: Service, Business, LinkedIn, Authority, Disney, Apple, Walmart, Cannes, Street Journal, Twitter, Bloomberg, Dezenhall Resources Locations: South Africa
Amazon abandoned its $1.7 billion purchase of iRobot in January after the FTC and European regulators raised concerns. Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. Before the company announced its $27 billion purchase of data analytics software company Splunk last September, he said he viewed the risk as absolutely worth taking. Alphabet's last big deal was its $5.4 billion purchase of cybersecurity company Mandiant in 2022. Microsoft closed its massive $75 billion purchase of Activision in October, but it took 20 months and a protracted fight with U.S. and European regulators.
Persons: Lina Khan, Jonathan Kanter, Khan, Joe Biden, Drew Angerer, Biden, Permira, Thoma, Sen, JD Vance, Donald Trump's, Barry Diller, Reid Hoffman, Kamala Harris, Andrew Luh, Gunderson Dettmer, Figma, Dana Rao, Rao, We've, they've, Juniper, Salesforce, Antonio Neri, Pau Barrena, Neri, Sergio Letelier, hasn't, Letelier, Marc Benioff, It's Benioff's, Slack, Benioff, Derek Idemoto, who's, Idemoto, that's, Splunk, HPE's Letelier, it's, Harris, Trump Organizations: U.S . Federal Trade Commission, Justice, Brookings Institution, U.S, Senate, Getty, Google, Amazon, Microsoft, Federal Trade Commission, iRobot, FTC, BlackRock, Thoma Bravo, KKR, Republican, CNBC, Democratic, Trump, Big Tech, Justice Department, DOJ, Apple, Meta, Adobe, European Commission, UK Competition, Markets Authority, Justice Department's Antitrust, Hewlett Packard Enterprise, Mobile World Congress, MWC, AFP, Juniper, Markets, DOJ's Antitrust, European Union, EU, Software, Cisco, Activision, Foreign Investment, Regulators, Bloomberg, Tech Locations: Washington, Europe, Barcelona, Pau, Salesforce, United States
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