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This summer, Gray addressed Blackstone's summer interns about how they might advance at the firm, according to a recent LinkedIn post. AdvertisementBut how exactly does one go about being "nice" at Blackstone? Here's how to succeed at Blackstone, according to three executives, an ex-intern, and public comments made by top leaders including Gray and Schwarzman. "Steve Schwarzman always says it is just as easy to hire a smart, nice person as a smart, not nice person," Ross told BI. That's just not who we are as a firm," Ross said, adding, "We think investing's a team sport."
Persons: , Jon Gray, Blackstone, Gray, Steve Schwarzman, that's, Morgan Stanley, Thomson, Schwarzman, Lehman, we'll, Paige Ross, Blackstone Paige Ross, niceness, Ross, That's, Marshall Plumlee, Plumlee, Marshall Plumlee dunking, Mark J, Terrill, Marshall, Jahlil, you've, it's, Peter Peterson, Jeenah, they're, They're, Taylor Kanfer, we're, Kanfer, Joe Zidle, Blackstone . Blackstone Zidle, Zidle Organizations: Service, Business, Blackstone, Blackstone —, Lehman Brothers, Thomson Reuters, Duke University's, NBA, New York Knicks, Milwaukee Bucks, Associated Press, Duke, 75th Ranger Regiment, Army, LinkedIn, Veterans Network, Blackstone . Locations: Blackstone, New York, Manhattan, Afghanistan
Boats full of tourists who arrive on the island, crowd the streets, and leave trash have led to the "worst season" ever, locals say. AdvertisementIn Athens and Greek islands, such as Santorini, there's a similar sentiment growing. Crowded monumentsVivian Antypa, an archaeologist and tour operator in Athens, told Business Insider that she loves working in tourism and meeting people from all over the world. Harris Doukas, the mayor of Athens, told Euro News that "Each visitor brings €0.40 to the city." "If the government takes action toward the right direction, we can make tourism better for the tourists and the locals."
Persons: , Vivian Antypa, hasn't, Antypa, Fortune, overtourism, Beata Zawrzel, Harris Doukas, Nikos Drosos, Drosos, ARIS OIKONOMOU, Drosis, Richard Krieger, Krieger, ARIS OIKONOMOU Krieger, Greece's, Kyriakos Mitsotakis Organizations: Service, Business, Bloomberg, Euro, Santo Luxury, ARIS, Sky, Tourists Locations: Greece, Europe, Barcelona, Athens, there's, Pangrati, Santorini, Mykonos, Peloponnese
Miller lives on about $1,800 a month in Social Security income, according to documents viewed by Business Insider. AdvertisementSince she began receiving Social Security several years ago, Miller has been doing her best to live on a fixed income. She said she can afford most of the healthcare she needs through Medicare, the federal health insurance that's typically attached to Social Security. Are you living on a fixed Social Security income? How have you made the decision to enroll in Social Security early or late?
Persons: Ann Miller, Lizzy Rocket —, Miller, She's, , she's, that's, hasn't, There's, Lizzy, I've Organizations: Service, Business, Social Security, Survey, SNAP, Medicare Locations: Ellensburg , Washington, Seattle
Read previewWhen her 4-year-old starts pre-K this September, Alisha Gomez won't post back-to-school photos on her social media. Whether to post back-to-school photos has become a hot topic. The director of Let Grow, a nonprofit that promotes childhood independence and encourages parents not to hyper-focus on safety, said fears about back-to-school photos are overblown. Dad Mark Kaley told BI the controversy about posting back-to-school photos of kids on social media didn't worry him and his wife, Heather. Advertisement"I'll write a few words such as, 'Look, Autumn has Mrs. Smith this year.
Persons: , Alisha Gomez, I've, Gomez, Carly Yoost, Lenore Skenazy, Let, Mark Kaley, Bruce Schneier, — that's, Skenaky, Dad Mark Kaley, Heather, Kaley, William, it's, Smith, It's Organizations: Service, Business, Yorker, Child Rescue Coalition, Facebook Locations: New York, Florida
Paige Bueckers has kicked off her partnership with Madison Reed by going from blond to "sparkling rose." The University of Connecticut has struck a deal with beauty brand Madison Reed in a wide-ranging partnership that includes court-naming rights; name, image and likeness deals; and career development opportunities. Exact terms of the deal were not disclosed, but the partnership is in the multimillion-dollar range, according to Madison Reed. As part of the deal, Madison Reed will sponsor UConn's Gampel Pavilion and XL Center with court-naming rights for the next three years. The sponsorship marks the first female and grad-founded brand to gain court-naming rights at UConn.
Persons: Paige Bueckers, Madison Reed, UConn's, Azzi Fudd, Ice Brady, Morgan Cheli, Amy Errett, Errett Organizations: University of Connecticut, Madison, XL Center, UConn women's, Amazon, Target, Walmart, UConn Foundation, UConn, CNBC
Read previewThere are 17 known couples participating in this year's Olympics in Paris, and they are having a moment. Chinese badminton stars Liu Yuchen and Huang Ya Qiong got engaged after Huang won gold in the mixed doubles. "Talk about a great opportunity for intense social bonding," said Morley, who provides individual and couples therapy in Boston. Christian Petersen/Getty ImagesMorley told Business Insider that being an Olympic couple is a unique experience—somewhat like being a celebrity. AdvertisementSome couples work around that by training together, like former British Olympic triathletes Stuart Hayes and Michelle Dillon.
Persons: , Liu Yuchen, Huang Ya Qiong, Huang, Pablo Simonet, Maria Campoy, Olga Kharlan, Luigi Samele, Gregorio Paltrinieri, Rossella Fiamingo, Katerina Siniakova, Tomas Machac, Clive Brunskill, Isabelle Morley, Morley, Tara Davis, Hunter Woodhall, Christian Petersen, Alex de Minaur, Katie Boulter, Tim Clayton, Lea Schüller, Lara Vadlau, Vadlau, Schüller, Lee Kiefer, Gerek, Wally Skalij, they're, Stuart Hayes, Michelle Dillon, Jacopo Raule Organizations: Service, Business, Woodhall, Paralympic, Getty, Tennis, FC Bayern Munich's, Olympics, University of Kentucky Locations: Paris, Argentine, Czech, Boston, Australia, Great Britain, German, Austrian
(Photo by Richard Heathcote/Getty Images)If you're watching the Paris Olympics and catch yourself smiling and cheering for athletes you don't know competing in events you've never heard of, you're definitely not alone. This interest in the Olympics — and the joy it brings — are felt globally, but especially in the country at the heart of the games, France. Here's why you might feel so happy watching the Olympics and how you can find that joy after the closing ceremony. The number of athlete backstories we learn are multiplied at the Olympics, which makes us that much more invested. That might look like watching the same show or reading a book together, or even more hands-on tasks like gardening, says Lyubomirsky.
Persons: Richard Heathcote, you've, Jason Kelce's Ilona Maher, Daniel Wann, Sonja Lyubomirsky, Wann, backstories, Guy, Yusuf Dikeç, Ilona Maher, Lyubomirsky, Jonathan Haidt Organizations: Olympic Games, Stade de France, Getty, Paris Olympics, Olympics, Murray State University, UC Riverside, Team U.S.A Locations: Paris, France, Tokyo
Investors highlighted their portfolio companies and startups they had no financial ties to. Leena Rao, who oversaw the list and leads BI's VCs and startups team, estimated about 80% of the startups included are focused on AI. AdvertisementiStock; BIAs differentiated as AI startups try to be, the market has undeniably become oversaturated. Big Tech reform is coming, but Washington won't be the one doing it. Congress can't or won't act, so people who want Big Tech companies to change their ways are trying to do it through the courts .
Persons: , Kamala Harris, Tim Walz, Here's, Kimberly White, Chelsea Jia Feng, Leena Rao, BI's, That's, It's, Arindam Sandilya, Paul Dietrick, Oppenheimer, John Stoltzfus, Jenny Chang, Rodriguez, Adam Mosher, Mosher, YouTube's, Jimmy Donaldson, Alyssa Powell, Elon, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Boldstart Ventures, TechCrunch, Healthcare, Getty, JPMorgan, FX, UBS, BI Prosecutors, Big Tech Locations: Minnesota, we're, Washington, New York, London
Secret Service agents taped over a security camera and broke into a Massachusetts hair salon while securing the area for a Kamala Harris campaign event, according to the salon's owner. Advertisement(Business Insider blurred the face of a Secret Service agent in the video below.) The fourth person, wearing a dark suit and white shirt like a Secret Service officer, stood by the door. BI asked Secret Service spokesperson Melissa McKenzie whether the agency invited other people to use the bathroom. Brian Smith, the building's landlord, said he didn't give the Secret Service permission to use the property either.
Persons: , Kamala Harris, Harris's, Alicia Powers, Harris, Powers, Melissa McKenzie, Brian Smith, didn't, Smith, McKenzie, Bill Pickle, Pickle, Matthew Hill, she'd Organizations: Service, Secret Service, Democratic, Business, Colonial Theatre, Secret, BI, Pittsfield Police Locations: Massachusetts, Pittsfield , Massachusetts, Pittsfield, Boston
Courtesy Peter MontgomeryThat ability to make a career conform, where possible, to an employee's life is one of the simple and often inexpensive ways employers can boost their employees' well-being. AdvertisementA recent Gallup survey found worker well-being slipped globally to 34% in 2023 from 35% the year before. Boosting worker well-being is good for employees, of course, but it's also good for the bottom line. And it's critical for boosting other measures of corporate and worker health — things like engagement on the job. A small number of business leaders review requests to keep the process simple and to respect worker privacy, she said.
Persons: Peter Montgomery, Montgomery, he's, it's, Erica Golden, Golden, Bradd Chignoli, Chignoli Organizations: Gallup, Banyan Software, Workers, MetLife Locations: Wellington , New Zealand, Montgomery
The jobs report said the US economy added 114,000 jobs in July, far fewer than the 176,000 jobs that economists expected. The weakness of the jobs report tipped the worry scale and sent markets into meltdown mode. Outside the July jobs report, there were plenty of signs the labor market was cooling off. If that seems confusing, here's the only thing you really need to know: The July jobs report triggered the Sahm rule. Nobody should be losing a ton of sleep over the state of the labor market or over the economy overall.
Persons: it's, Guy Berger, doesn't, Skanda Amarnath, there's, what's, Claudia Sahm, we're, Amarnath, Alí Bustamante, Bustamante, would've, it'll, Jay Powell, Berger, Emily Stewart Organizations: Federal Reserve, Glass, Labor, Survey, New Century Advisors, Worker Power, Economic Security, Roosevelt Institute, Fed, Business
Choi continued breaking while navigating corporate America. Olympics.com reported that breakers' moves fall into three elements: top rock, down rock, and freezes. Top rock refers to moves done while standing, such as a Crossover Step or an Outlaw Two-Step, while down rock refers to the moves done on the floor that we commonly associate with this style of dance. "It adds this element of surprise because the thing is, we don't even know what's going to happen, so how could the audience know what's going to happen?" Choi said breaking is also different from other sports because it doesn't have "a traditional history of having coaches."
Persons: Choi freestyles, Choi, Nathan Congleton, she's Organizations: NBC, Getty
Vice President Kamala Harris has selected Minnesota Gov. Harris' campaign texted supporters Tuesday morning, calling Walz "a battle-tested leader who has an incredible track record of getting things done for Minnesota families" and asking for donations to support the new ticket. In picking Walz, who's in his second term and also served 12 years in Congress, Harris will have as her No. Harris also appreciates how different Walz is from her in terms of the contrast he can provide, the sources said. Karoline Leavitt, the Trump campaign press secretary, called Walz a "West Coast wannabe" who has tried "to reshape Minnesota in the image of the Golden State."
Persons: Kamala Harris, Tim Walz, Harris, texted, Walz, who's, Donald Trump, Joe Biden, they’ve, Harris ’, Josh Shapiro, Stephen Maturen, Walz's, Trump, , Biden, Jenn Ackerman, Sen, JD Vance, , Vance, Karoline Leavitt, ” Walz, Joe ”, , Picking Walz doesn't, George Floyd Organizations: Minnesota Gov, Democratic, Pennsylvania, Minn, Getty, Trump, Army National Guard, NPR, Marist, National Guard, House, Minneapolis Star Tribune, Democrats, New York Times, MAGA Inc, Golden, GOP, Midwestern, MAGA, Democratic National Convention Locations: Minnesota, Rust Belt, Wisconsin , Pennsylvania, Michigan, St, Paul, AFP, Nebraska, Mankato, Minneapolis, Minnesota’s, Golden State, America, U.S,
Olympic organizers made a big bet in holding the 2024 Paris Olympics surfing competition at an ominous location in French Polynesia nearly 10,000 miles from Paris, with pretty much no space for spectators. Despite reef-inflicted injuries and moments when the location was questioned as just too dangerous, it would be hard to conclude Teahupo'o didn't provide its own golden moments. The U.S.' John John Florence, the world's top-ranked professional surfer, was eliminated in the third round by Australia's Jack Robinson, who took silver. Marks took gold in a lip-bashing final heat that could have gone either way. Neither Marks nor Brazil's Tatiana Weston-Webb gave an inch during the heat, and Marks earned gold by one-tenth of a point.
Persons: Caroline Marks, Kauli Vaast —, Brazil's Gabriel Medina, John John Florence, Australia's Jack Robinson, Clarissa Moore, Johanne Defay, Moore, , don’t, ” Moore, Vaast, Robinson, Marks, Brazil's Tatiana Weston, Webb, Teahupo'o, Colin Jost's, Jost, Teahupo'o's, Duke Kahanamoku Organizations: Team France, U.S, France, NBC, Olympics, Games, Angeles Olympics Locations: Polynesia, Paris, U.S, Tahiti, French Polynesia, France, Australia, Vaast, , California, Southern California
The S & P, Nasdaq and Dow also are on pace to snap three-session losing streaks Tuesday. Breaking through: The S & P 500 may be down about 1% the past two days, but that doesn't mean every stock is down. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Hugh Johnston, Bob Iger, Jim Cramer's, Jim Organizations: CNBC, Dow Jones, Nasdaq, Dow, Club, Nvidia, Meta, Broadcom, Costco, Disney, Devices, Dover, ABC, Netflix, CVS Health, Novo Nordisk, Emerson Electric, Jim Cramer's Charitable Locations: Eaton, Dover, U.S
Kelly says the Fed needs to broadcast its confidence in the economy to soothe jittery markets. JPMorgan's David Kelly told Business Insider he sees a possibility for even deeper losses following the big rout. We do stand ready to cut rates as appropriate but we don't think there's a very urgent situation here," Kelly said. More importantly, cutting rates abruptly would potentially instill more fear about the economy among investors, Kelly said. And I don't think the Federal Reserve tells people that, or maybe they don't appreciate it themselves," Kelly said, adding, "It's a drag before it's a stimulus."
Persons: Kelly, JPMorgan's David Kelly, , David Kelly, Monday's, we've, Dow Jones Organizations: Fed, Service, JPMorgan Asset Management, Nasdaq, Nikkei, Reserve Locations: Japan
Elon Musk slammed by government after comments on UK riots
  + stars: | 2024-08-06 | by ( Ryan Browne | ) www.cnbc.com   time to read: +1 min
Elon Musk attends 'Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk' session during the Cannes Lions International Festival Of Creativity 2024 - Day Three on June 19, 2024 in Cannes, France. LONDON — The U.K. government hit back at Elon Musk after the billionaire made controversial comments about riots — fueled by the far-right and anti-immigration sentiment — taking place across the country. On Sunday, Musk replied to a post about the riots on X, the social media platform he owns, stating: "Civil war is inevitable." Responding to a reporter's question on Monday on whether Starmer agreed with Musk's tweet, the PM's spokesperson said: "There is no justification for comments like that." "What we've seen in this country is organized illegal thuggery which has no place on our streets or online," Starmer's official spokesperson said.
Persons: Elon Musk, Mark Read, Manchester —, Musk, Keir Starmer, Heidi Alexander Organizations: Cannes Lions, LONDON, Elon, Manchester Locations: Cannes, France, , Liverpool, Britain
Market correction has more room to run, says Goldman Sachs
  + stars: | 2024-08-06 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +1 min
Tuesday's market rebound doesn't mean the market is yet in the clear — instead, investors should brace for more market volatility following Monday's global sell-off, according to Goldman Sachs chief global equity strategist Peter Oppenheimer. The S & P 500 rose 1.04% on Tuesday in a broad relief rally that lifted all 11 of its sectors. Nonetheless, the correction hasn't yet fully run its course, Oppenheimer told CNBC's " Squawk on the Street " on Tuesday. However, Oppenheimer doesn't necessarily think the correction is bad for the market. According to Strategas strategist Todd Sohn, Monday's spike in the volatility index could be a positive omen for equities in the medium term.
Persons: Goldman Sachs, Peter Oppenheimer, Oppenheimer, CNBC's, We're, He's, Todd Sohn, Sohn Organizations: Nasdaq, Dow
Jackson, 37, is a technician at Vestas, a wind turbine manufacturer, in Bee County, Texas, and earns $73,000 per year. The Labor Department reports that wind turbine service technicians have one of the highest rates of injury and illness of all occupations. Here's how Jackson earns $73,000 a year as a wind turbine service technician in Texas. Mickey Todiwala | CNBC Make ItWhile you don't need a bachelor's degree to become a wind turbine service technician, some jobs might require you to complete a 2-year technical program or apprenticeship. "The wind turbines are smart, they're basically computers and constantly communicating to us what is going on with them."
Persons: Jessica Jackson, , Jackson, It's, Jackson's, Mickey Todiwala, Vestas, She's Organizations: CNBC, The Labor Department, University of Arizona, Blattner Energy, Blattner Locations: Jackson, Bee County , Texas, U.S, Texas, Vestas
Keep reading to learn where to watch Olympic boxing, no matter where you are in the world. In the past decade, Cuba and Great Britain have pretty much dominated the Olympic boxing field. Below, we've outlined everything you need to know about how to watch the men's and women's boxing semi-finals and finals. Where to watch Olympic boxing in the USBoxing live streams through Peacock in the US. Check price at Peacock TVWhere to watch Olympic boxing in the UKYou can catch boxing and the rest of the Olympics through Eurosport in the UK.
Persons: you've, didn't, Stan Sport, ExpressVPN, Omari Jones, Asadkhuja, Lewis Richardson, Marco Verde, Janjaem, Imane, Yang Wenlu, Kellie Harrington, Peacock, Stan, They're Organizations: Business, London Games, Tokyo, Britain, Eurosport, NBC, Stan Sport Locations: Cuba, Great Britain, Peacock, USA, Australia, 9Now
The dark side of the 2024 Paris Olympics
  + stars: | 2024-08-06 | by ( Natalie Musumeci | ) www.businessinsider.com   time to read: +11 min
Read previewAs the 2024 Olympics Games plays out in Paris, some nonprofits are warning of a dark reality looming over the sporting event. Wijeyakumar said Rahab's Daughters had distributed pamphlets ahead of the Paris Olympics at a local refugee camp. Rahab's Daughters has identified labor and sex trafficking occurring mainly within the manufacturing, construction, retail, and hospitality industries in Paris. The US National Human Trafficking Hotline explains on its website, however, that human trafficking is "notoriously underreported." These figures are based on interviews with survivors, reports Rahab's Daughters has received, and data it has collected from online ads.
Persons: , Sam Wijeyakumar, Rahab's, Wijeyakumar, Lauren Hersh, hadn't, Hersh, William Pinzón, Reyes, Jonathan Machler, Airbnb, Mark Godin Organizations: Service, Paris Games, Business, Volunteers, BI, Olympic, Paris, Labor, US Department of State, State Department, Olympics, National Institute of Justice, US Department of Justice, Coalition, CAP, Paris Olympics Locations: Paris, US, Poland, Germany, France, London
This as-told-to essay is based on a conversation with a former Tesla employee who resigned from the company earlier this year and spoke anonymously to protect their privacy. The following year Tesla and SolarCity came to my city and I started in sales at SolarCity. When Tesla acquired SolarCity in 2016, I began working in sales for Tesla Energy. For example, I was on the sales team when Musk announced he only wanted to do online sales. The 2021 Model S and Model X refreshes were designed to make them look the same as the old models.
Persons: Tesla, SolarCity, Elon Musk, I've, Musk, There's, Justin Sullivan, I'd, I'm, Organizations: Service, Tesla, Falcon, SolarCity, Tesla Energy, Twitter, Business
It's a troubling thought, to be sure, but a longer workweek is already a reality for some workers. AdvertisementIt's the kind of thing that could make an employer less inclined to try something new — like a four-day workweek. Yet even without lackluster sales, Cappelli said, the four-day workweek was already unlikely to be widely adopted in the US. But, at the same time, Cappelli also doesn't think companies will push workers to come in on a sixth day. If companies use economic worries to reverse course on efforts like flexible work arrangements or to conduct layoffs, they put their own well-being at risk.
Persons: , Peter Cappelli, Cappelli, Laxman Narasimhan, workweek, Brigid Schulte, Schulte, " Schulte Organizations: Service, Samsung, Business, Intel, Wharton Business School, Workers, Liquor, Diageo, New America Locations: Greece
Shapiro, despite having the backing of some unions in his state, alienated progressives over his past support for school vouchers. Under Walz, Minnesota has passed universal free school lunches and universal background checks on firearms. AdvertisementLike Vance, Walz served in the military. Vance, who could be the nation's first millennial vice president, has served just roughly 18 months in the US Senate. Walz served six terms in Congress before running for governor.
Persons: , Kamala Harris doesn't, Harris, Tim Walz, Joe Biden, Josh Shapiro, Sen, Mark Kelly of Arizona, Shapiro, Benjamin Netanyahu, Kelly . Shapiro, Kelly, Walz, Donald Trump, JD Vance, It's, Bernie Sanders, Sanders, Vance doesn't, Vance Organizations: Service, Minnesota Gov, Business, Israeli, Ku Klux, Democrats, Minnesota Democrat, NRA, Minnesota Public, MSNBC, Ohio Republican, Democratic Locations: Pennsylvania, Gaza, Minnesota, Ohio, Walz , Minnesota, Vermont, Arizona, Nebraska, America, Philadelphia
Olympic athletes who win a medal receive a wide range of financial prizes. US Olympians receive $37,500 for a gold medal, $22,500 for a silver, and $15,000 for a bronze. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . While the International Olympic Committee doesn't hand out money to athletes who medal in their respective events, many countries across the globe provide compensation to athletes for reaching the podium.
Persons: Organizations: Hong Kong, Service, International, Business
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