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☆ OpenAI staff are putting their visas at risk to get Sam Altman back as CEO
▼ + stars: | 2023-11-21 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

700 OpenAI employees have signed a letter threatening to quit if Sam Altman isn't reinstated as CEO. Some of them say they are on work-dependent visas, which they could lose if they are forced to quit. It's a sign of how much loyalty Altman has inspired among staff. AdvertisementOpenAI's employees are calling on the company's board to bring back Sam Altman — and some are even willing to put their visas at risk to get him back as CEO. A number of senior OpenAI employees are already expected to follow Altman and ex-OpenAI president Greg Brockman to Microsoft.

Persons: Sam Altman isn't, It's, Altman, —, Sam Altman —, Sam Altman, Mira Murati, Ilya Sutskever —, Reiichiro Nakano, Boris Power, Emmett Shear, Greg Brockman, Satya Nadella, Kara Swisher, OpenAI Organizations: Service, Microsoft, Business

☆ Ilya Sutskever's U-turn on ousting Sam Altman came after Greg Brockman's wife cried and asked him to change his mind: WSJ
▼ + stars: | 2023-11-21 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

OpenAI's Ilya Sutskever had a dramatic reversal regarding the ousting of his cofounder, Sam Altman. The U-turn came after an emotional plea from cofounder Greg Brockman's wife, the WSJ reported. His change of heart came after conversations with staff and with OpenAI cofounder Greg Brockman's wife, The Wall Street Journal reported, citing people familiar with the matter. Anna Brockman — who married Greg Brockman in 2019 — cried and pleaded with Sutskever to change his mind, per the WSJ. Anna Brockman did not immediately respond to a request for comment from Business Insider, sent through Greg Brockman and outside regular business hours.

Persons: OpenAI's Ilya Sutskever, Sam Altman, Greg Brockman's, Sutskever, —, Ilya Sutskever, OpenAI, we've, Anna Brockman —, Greg Brockman, It's, Altman, Greg, Anna Brockman's, @ilyasut, cfSvY7uniV — Greg Brockman, OpenAI's cofounders, Elon Musk, Satya Nadella, Brockman, Anna Brockman Organizations: Service, Street Journal, OpenAI, Twitter, Google, Microsoft, Business Locations: OpenAI

☆ X CEO Linda Yaccarino is reportedly getting texts from ad execs advising her to resign over Elon Musk's backing of antisemitic post
▼ + stars: | 2023-11-20 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Ad execs are reportedly reaching out to X CEO Linda Yaccarino and advising her to resign. X and Elon Musk have faced backlash after the billionaire endorsed an antisemitic post on X. One executive told Axios she needs to "save" her reputation. AdvertisementAdvertising executives have been reaching out to X CEO Linda Yaccarino and advising her to leave the social media company, according to reports from multiple outlets. Paskalis told Axios he texted Yaccarino on Sunday and told her she should resign from her role at X.

Persons: Linda Yaccarino, Elon Musk, Axios, —, Musk, Yaccarino, Lou Paskalis, Paskalis, I'm Organizations: Service, Media Matters, Nazi, Apple, Disney, Bank of America, AJL, Forbes, Elon

☆ OpenAI is bleeding talent in the wake of Sam Altman's ouster
▼ + stars: | 2023-11-20 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Greg Brockman announced three key OpenAI staffers are following him and Sam Altman to Microsoft. Sam Altman is heading up a new AI team at Microsoft after his shock firing by the OpenAI board. All three are senior or longstanding employees at OpenAI, suggesting that the company may face a talent drain after Altman's shock firing. OpenAI announced that Twitch co-founder Emmett Shear would become interim CEO of the AI firm, after negotiations to bring Altman back broke down. The Information also reported that fellow AI startups Cohere and Adept were reaching out to OpenAI employees and that Google Deepmind had received an uptick in resumes from OpenAI workers.

Persons: Greg Brockman, Sam Altman, —, Satya Nadella's, Altman, Jakub Pachocki, Szymon Sidor, Aleksander Madry —, OpenAI, Twitch, Emmett Shear, Pachocki, Mira Murati, Brad Lightcap, Ilya Sutskever, Tao Xu, Google Deepmind, Jim Fan Organizations: Microsoft, Service, Google Locations: OpenAI

☆ VCs weigh in on the chaos unfolding at OpenAI, rallying behind ousted CEO Sam Altman: 'I hope the board can get its act together'
▼ + stars: | 2023-11-19 | by ( Samantha Stokes | Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

OpenAI's board ousted Sam Altman, its chief executive, on Friday. AdvertisementVCs this weekend have one message for Sam Altman — we're with you. In another X post, he called on OpenAI's board to explain in more detail why they fired Altman. Advertisement"We are grateful for Sam's many contributions to the founding and growth of OpenAI," the board said in a statement. "So I hope the board can get its act together and bring Sam and Greg back."

Persons: OpenAI's, Sam Altman, —, Sam Altman —, Mira Murati, Altman, Vinod Khosla —, OpenAI —, Sam, David Sachs, OpenAI, ChatGPT —, Ilya Sutskever —, Sutskever, Jason Kwon, Altman's, He's, Greg Bockman, Jessica Livingston, Greg, Sam retakes OpenAI Organizations: Altman, Service, Khosla Ventures, Ventures, Microsoft Locations: Silicon, Silicon Valley, @OpenAI

☆ ChatGPT Plus subscriptions are being listed on eBay after OpenAI blocked signups
▼ + stars: | 2023-11-16 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

OpenAI boss Sam Altman said on Wednesday that the company would pause new ChatGPT Plus signups. Some users have responded by listing ChatGPT Plus account details on eBay. AdvertisementChatGPT Plus subscriptions are cropping up on eBay after Sam Altman said the company was pausing new signups due to a surge in demand. "We are pausing new ChatGPT Plus sign-ups for a bit," the OpenAI boss said in a post on X . The AI startup has rapidly become one of Silicon Valley's biggest cash cows , thanks to the stratospheric rise of ChatGPT and new paid tiers like ChatGPT Plus, which the company announced in February .

Persons: Sam Altman, Altman, —, OpenAI's, OpenAI Organizations: eBay, Service, Business Locations: San Francisco

☆ Ford CEO Jim Farley Throws Shade at the Cybertruck's Viral Off-Road Video
▼ + stars: | 2023-11-16 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

A video of Tesla's Cybertruck struggling to make it up a dirt hill went viral on Friday. On Wednesday, Ford CEO Jim Farley appeared to shade the rival carmaker with his own off-road demo. On Wednesday, Ford CEO Jim Farley appeared to shade the rival carmaker by posting a video of the F-150 Lightning, his company's flagship electric vehicle, making its way up a very similar dirt hill. 👍 pic.twitter.com/uCMUSxUIpj — Jim Farley (@jimfarley98) November 15, 2023He captioned the video, "F-150 Lightning does it all." The F-150 Lightning was released to consumers in 2022, and is the company's first fully electric pickup truck.

Persons: Tesla's Cybertruck, Jim Farley, —, Elon Musk, Tesla, ord Organizations: Ford, Service, EO Locations: Hollister

☆ Ukraine says its 'army of drones' struck a record 335 Russian positions in one week
▼ + stars: | 2023-11-07 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Mykhailo Fedorov said drones hit an "absolute record" of 335 Russian positions from Oct 30 to Nov 6. AdvertisementAdvertisementUkraine's "army of drones" is pounding Russian forces at an unprecedented rate, hitting an "absolute record" number of Russian targets last week, a Ukrainian official said. Between October 30 and November 6, Ukrainian airborne drones claimed a record 335 Russian targets. The unverified figures said that in the record week Ukraine also destroyed 36 tanks, 83 armored combat vehicles, 18 self-propelled artillery systems, and 72 trucks. Since the start of the war, Ukraine has extensively developed and used drones to target Russian soldiers , destroy Russian tanks worth millions, and damage ships .

Persons: Mykhailo Fedorov, —, Fedorov, Melissa Haring, They're Organizations: Service, Ukraine's, Digital Transformation, Atlantic Council, Associated Press Locations: Russia, Ukraine, Ukrainian, China

☆ Google researchers deal a major blow to the theory AI is about to outsmart humans
▼ + stars: | 2023-11-07 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

The race to build AI as smart as humans, or AGI, looks like it suffered a major blow. Google researchers found the transformer technology behind AI isn't very good at generalizing. AdvertisementAdvertisementGoogle researchers may have just given a major reality check to the ambitions of CEOs in chase of AI's holy grail. As it stands, AI is pretty good at specific tasks but less great at transferring skills across domains like humans do. AdvertisementAdvertisementTransformers' opacity and the scale of the data they're pretrained on gave some the illusion that they generalize beyond it.

Persons: —, Steve Yadlowsky, Nilesh Tripuraneni, they've, Pedro Domingos, AGI, Satya Nadella, Sam Altman, Arvind Narayanan, Jin Fan, G5mBuX6O36, Jim Fan, Domingos, it's, — Pedro Domingos, @pmddomingos, Sharon Zhou Organizations: Service, University of Washington, Microsoft, Nvidia, Google Locations: LLMs, Princeton, AGI

☆ Elon Musk's new AI chatbot sure sounds like a foul-mouthed Twitter troll
▼ + stars: | 2023-11-06 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Elon Musk's artificial intelligence startup xAI released its first model, named Grok, on Saturday. AdvertisementAdvertisementElon Musk's new AI chatbot launched on Saturday — and it appears to have the personality of a foul-mouthed Twitter troll. Musk's startup xAI released its first AI model , Grok, over the weekend to a select group of users. AdvertisementAdvertisementGrok's trolling marks a departure from other AI models, which mostly adopt a carefully neutral tone and have tight controls around explicit content. He said the AI chatbot would be made available to all X Premium users once it is out of its early Beta.

Persons: XAI, —, Elon, chatbot, Grok, Christopher Stanley, Stanley, Claude, Toby Pohlen, Microsoft's Tay, Musk Organizations: Elon, Service, X Locations: OpenAI

☆ No one's been this pumped for a keynote since Steve Jobs launched the iPhone
▼ + stars: | 2023-11-06 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The buzz among developers is reminiscent of the iPhone and App Store launches. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe AI developer community is so hyped for an upcoming keynote that it's giving Steve Jobs-launches-the-iPhone energy all over again. ChatGPT developer OpenAI is kicking off its first developer conference in San Francisco on Monday, almost a year after releasing the chatbot publicly for free. Ultimately, the App Store changed software development and became a major revenue spinner for Apple.

Persons: —, Steve Jobs, OpenAI, Sam Altman, NCENOGzcq5, 4EjZo7huFQ, Brian Roemmele, Charley Ma, Yasser Elsaid, Altman Organizations: Service, Apple Locations: San Francisco, OpenAI, ChatGPT

☆ AI's most famous leaders are in a huge fight after one said Big Tech is cynically exaggerating the risk of AI wiping out humanity
▼ + stars: | 2023-11-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Andrew Ng, formerly of Google Brain, said Big Tech is exaggerating the risk of AI wiping out humans. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementSome of the biggest figures in artificial intelligence are publicly arguing whether AI is really an extinction risk, after AI scientist Andrew Ng said such claims were a cynical play by Big Tech. Andew Ng , a cofounder of Google Brain, suggested to The Australian Financial Review that Big Tech was seeking to inflate fears around AI for its own benefit. — Geoffrey Hinton (@geoffreyhinton) October 31, 2023Meta's chief AI scientist Yann LeCun , also known as an AI godfather for his work with Hinton, sided with Ng.

Persons: Andrew Ng, OpenAI's Sam Altman, —, Andew Ng, Ng, It's, Elon Musk, Sam Altman, DeepMind, Demis Hassabis, Googler Geoffrey Hinton, Yoshua, godfathers, — Geoffrey Hinton, Yann LeCun, Hinton, LeCun, Meredith Whittaker, Whittaker Organizations: Google, Big Tech, AI's, Service, Australian Financial Locations: Hinton, British, Canadian, @geoffreyhinton

☆ Here's what reportedly led to Cruise robotaxis getting banned in San Francisco
▼ + stars: | 2023-10-25 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Officials have banned Cruise robotaxis in San Francisco, warning they are a risk to public safety. Cruise was banned from operating its robotaxi service in San Francisco on Tuesday, with regulators warning that the controversial autonomous car company's vehicles posed "an unreasonable risk to public safety" following a series of accidents. "I can confirm that Cruise showed the full video to the DMV on October 3rd, and played it multiple times," they said. Cruise has been a controversial presence in San Francisco ever since it received approval to run its robotaxi service 24/7 in the city in August. AdvertisementAdvertisementFollowing the suspension of its driverless permits, Cruise announced that it would pause its driverless car services in San Francisco entirely.

Persons: Cruise, —, didn't Organizations: Service, California Department of Motor Vehicles, DMV, Cruise, CA, NHTSA Locations: San Francisco, California

☆ How Much Social Security Will I Get?
▼ + stars: | 2023-10-20 | by ( Aly J. Yale | ) www.wsj.com time to read: +5 min

For these reasons, it is hard to know exactly what your Social Security checks will look like years in advance. Every year, the government adjusts Social Security payouts for inflation—these are called cost-of-living adjustments, or COLA—so averages change, too. However, you can start taking Social Security anytime between ages 62 and 70. Whether or not you’ll owe taxes on your Social Security check is complicated, but more than half of Social Security recipients currently pay taxes on theirs. You can use the Social Security Administration’s Quick Calculator to get a rough idea of your payouts, or if you sign up for a My Social Security account, you’ll get an official estimate straight from the source.

Persons: Aly J, you’ve, You’ll, ”, Krisstin Petersmarck, —, James Sahagian, you’re, you’ll Organizations: Yale, Social Security, Bridgeriver Advisors, Social, Social Security Administration, Ramapo Wealth Advisors Locations: U.S, Bloomfield Hills, Mich, Ramapo, Ramsey , N.J

☆ Musk adds yet more complexity to X with new paid tiers
▼ + stars: | 2023-10-20 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

X owner Elon Musk says the site will introduce two new premium tiers. He said that the new X Premium would include a more expensive ad-free version. AdvertisementAdvertisementElon Musk has announced that X is launching two new tiers of its premium subscription service. "Two new tiers of X Premium subscriptions launching soon," said Musk in a post on X . The subscription service has since been overhauled and expanded, with subscribers getting an edit button and fewer ads.

Persons: Elon Musk, —, Musk, Eli Lilly Organizations: Service, Bloomberg, Twitter, Facebook, EU Locations: Philippines, New Zealand, Europe

☆ Joe Biden joined Truth Social, and immediately followed Trump
▼ + stars: | 2023-10-17 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

The campaign account also followed Trump, the only person it has followed so far. AdvertisementAdvertisementUS President Joe Biden has launched an account on Donald Trump's Truth Social, as his campaign mocks the his likely rival in next year's election. "We just joined Truth Social, mostly because we thought it would be very funny," said the Biden campaign in a post on X . Truth Social, which was created by former president Trump, has had a bumpy ride since it launched in February 2022 . Truth Social did not immediately respond to a request for comment from Insider, made outside normal working hours.

Persons: Joe Biden, Donald Trump's, Trump, Biden, —, MAGA, Donald Trump Organizations: Republican, Service, Truth Social, Fox News, Biden, Fox, Truth, Facebook, Twitter

☆ Apple's center of gravity is China, not Cupertino
▼ + stars: | 2023-10-06 | by ( Hasan Chowdhury | Huileng Tan | ) www.businessinsider.com time to read: +4 min

Apple might be headquartered in Cupertino but its heart is in China. AdvertisementAdvertisementApple's leadership may operate from the 175-acre, tree-covered campus in sunny Cupertino, California but, in reality, the company's center of gravity is in China. Roughly 95% of Apple products including iPhones, AirPods, Macs and iPads are reported to be made in China . And multiple media outlets reported that China had banned iPhones for government staffers, knocking its share price. Apple CEO Tim Cook likes to present the company's decades-long involvement with China as a cause for celebration.

Persons: —, Research, Tim Cook, Anshuman, Gene Munster, Jay Newman Organizations: Apple, CCP, Service, Hindustan Times, Deepwater Asset Management, Elliott Management, Huawei, China, Forum Locations: Cupertino, China, Cupertino , California, iPhones, India, Taiwan, Beijing

☆ Satellite images show Russia moved parts of its navy out of Crimea after getting hammered by Ukrainian attacks
▼ + stars: | 2023-10-05 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Satellite imagery appears to confirm Russia has moved parts of its navy from Crimea. The move is intended to shield the Black Sea Fleet from Ukrainian drone attacks, per a US think tank. Courtesy of Planet Labs PBCAccording to MT Anderson, two Admiral Grigorovich-class frigates, along with a Krikav-class frigate, three Kilo-class submarines, and a number of smaller ships, were transferred. A Project 22160 patrol ship stationed in the Ukrainian port of Feodosia in eastern Crimea, seen in satellite imagery shared by Planet Labs PBC on October 4, 2023. In recent weeks, Ukraine has intensified its attacks on Russia's Black Sea Fleet, including attacking its command center in Sevastopol on September 22.

Persons: —, Anderson, Grigorovich, Vasily Bykov, MT, Thord, Iversen, Iverson Organizations: Service, Planet Labs PBC, Labs, MT Anderson, UK's Ministry of Defence, Norwegian Navy Locations: Russia, Crimea, Sevastopol, Novorossiysk, Russian, Feodosia, Ukrainian, Russia's, Feodosiya, Ukraine

"I'm very, very lucky because I wouldn't have had the courage to go and do that acquisition, but I give all the credit in the world to Dave Clark," Petersen said. "There's a perfect complement of skill sets," Petersen told Forbes in June 2022. Petersen told Clark he should engage with Shopify's team, according to a person with direct knowledge of the negotiations. Clark, Petersen and Wagers met in Texas in mid-August to fine-tune the forecasts. Flexport told CNBC that an employee's politics are not relevant in personnel decisions.

Persons: Dave Clark, Ryan Petersen, he'd, Petersen, Clark, excoriated Clark, we've, Clark wasn't, Jeff Bezos, It's, Flexport, Clark overspent, Flexport's, He'd, Sanne Manders, Dave, Shopify, Tobias Lutke, Lutke, Shopify's, glanced, didn't, Fund's Trae Stephens, Michael Ronen, SoftBank, Andreessen Horowitz, Bob Swan, Samyukta Lakshmi, Kenny, Stuart Leung, pare, Leung, —, Lindsey Wasson, Clark's, Stephens, Peter Thiel, Trump's, Petersen's, Sen, Joe Manchin, Chris Ferro, Ferro, Parisa Sadrzadeh, couldn't, Amazon, Sadrzadeh, Burak Yolga, Yolga, Nelly Organizations: North, Amazon, Twitter, CNBC, UPS, FedEx, Milken Institute Global Conference, Bloomberg, Getty, Forbes, Deliverr, Shopify's, Anduril Industries, Intel, Intel Corp, U.S ., Clark, Republican, Founders Fund, Democratic, Street Journal, Flexport Locations: Phoenix, Silicon, Clark, Beverly Hills , California, U.S, Flexport, Deliverr, Miami, Flexport's Bellevue , Washington, Bengaluru, India, Flexport's, Asia, U.S . West Coast, Texas, Ohio, Arizona, Thiel's, West Virginia, Seattle, integrations

☆ Ron Baron stands by Tesla, sees the EV maker 4-5 times bigger in 2030
▼ + stars: | 2023-09-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Ron Baron is standing by his bullish thesis on Tesla , seeing the Elon Musk-led electric vehicle maker growing as much as fivefold in the future. The Baron Capital chairman and CEO revealed that his firm has made about 20 times its investment in Tesla since he first bought the stock in 2014. Tesla is the biggest holding in Baron's oldest and biggest fund, Baron Partners Fund (BPTIX), accounting for 46% of the portfolio. "I think Tesla in the next seven years will be about four or five times as big as it is right now in the stock market," Baron said Wednesday on CNBC's " Squawk Box ." Baron Capital managed about $40 billion at the end of 2022.

Persons: Ron Baron, Tesla, Elon, Baron, I've Organizations: Baron Capital, Baron Partners Fund, SpaceX, Bucknell grad, Centers for Disease Control Locations: Tesla, Baron's, Nevada, Australia, Moderna

☆ These 10 China-focused ETFs are up this year — and one is expected to rise by another 40%
▼ + stars: | 2023-09-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Chinese stock markets have failed to perform in 2023. All three major indexes have lost money for investors over the past week, month, three months, six months, and year. As a result, shorting the Chinese currency has been one of the most profitable investments this year, according to analysis by CNBC Pro of FactSet's ETF performance data. CNBC Pro screened for global China-focused ETFs that have posted positive returns this year to date. A weighted average analysts' price target for companies in the ETF points toward a further 22.4% upside over the next 12 months, according to FactSet data.

Persons: Thierry Wizman, Goldman Sachs, Brent Organizations: Shenzhen Component, Shanghai, Index, U.S, CNBC Pro, Singapore ., London Stock Exchange, U.S ., Macquarie, People's Bank of, China Energy, New York Stock Exchange, bbl, Goldman, Dragon, China Communication Services Locations: Shenzhen, China, New York, London, Amsterdam, Frankfurt, Singapore, People's Bank of China, Macquarie, Dragon China, U.S

☆ Ford's CEO had a charging 'reality check' on his electric F-150 Lightning road trip
▼ + stars: | 2023-08-14 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Ford CEO Jim Farley hit the road in an electric F-150 Lightning last week. Access to the Supercharger network in 2024 could ease these challenges. Farley hit the road in an F-150 Lightning last week , traversing Route 66 and the American West to put the electric truck through its paces. At the end of the trip on Sunday, Farley shared his experience with charging the massive electric pickup truck. But the Dearborn, Michigan-based car company is partnering with Tesla to make the Supercharger network available to Ford drivers starting next spring .

Persons: Jim Farley, Farley, Ford EVs, Tesla, Rivian Organizations: Morning, Twitter, Ford, GM Locations: American, Coalinga , California, Dearborn , Michigan

☆ Elon Musk's 'X' sign removed from San Francisco headquarters after complaints from city officials and neighbors over its blinding lights: report
▼ + stars: | 2023-07-31 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Elon Musk's new "X" sign appeared atop its San Francisco headquarters Friday. The large sign Elon Musk had installed atop X's San Francisco headquarters has already been removed after irking neighbors and raising concerns with city officials. It's the latest update in the ongoing saga surrounding X's San Francisco headquarters. Justin Sullivan/Getty ImagesSeparately, city officials also voiced concerns over the new sign and Musk's attempts to remove the original Twitter sign. City officials also stepped in when the new X sign was installed, according to the Associated Press.

Persons: Elon, Musk, Elon Musk, NBC's Scott Budman, Christopher J, Beale, KTVU, Justin Sullivan Organizations: Elon, Twitter, KQED, San Francisco Police Department, Authorities, Associated Press Locations: San Francisco, X's

☆ Dollar on defensive after dovish Powell, debt ceiling setback
▼ + stars: | 2023-05-22 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

TOKYO, May 22 (Reuters) - The dollar nursed losses against the yen and euro on Monday following a surprise breakdown in U.S. debt ceiling negotiations and after Federal Reserve chair Jerome Powell indicated a preference to slow rate hikes. Investors now await a key meeting between U.S. President Joe Biden and House Republican Speaker Kevin McCarthy to discuss the debt ceiling on Monday. The dollar index, which measures the U.S. currency against six major peers, edged 0.04% lower to 103.00, after reaching 103.63 last week for the first time since March 20. European Central Bank president Christine Lagarde said Friday officials need to "buckle up" for "sustainably high interest rates" in order to achieve its inflation target. The Australian dollar ticked up 0.06% to $0.6655, while the New Zealand dollar advanced 0.13% to $0.62835.

Rakuten Kobo Clara 2E The Kobo Clara 2E offers a variety of features that avid readers will love, like a waterproof design and a comfortable power button. At this price point, the Kobo Clara 2E is rivaled only by the 8GB Kindle Paperwhite. Sarah Saril/InsiderThe Kobo Clara 2E makes a great companion for reading in different environments with its adjustable brightness and color temperature. On the plus side, the Kobo Clara 2E boasts great battery life, and it lives up to the manufacturer's promise. Listen to Kobo Audiobooks with a Bluetooth speaker or headphonesListening to audiobooks on the Kobo Clara 2E is as simple as connecting via Bluetooth.

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