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☆ Former MoviePass CEO Mitch Lowe has pleaded guilty to securities fraud conspiracy
▼ + stars: | 2024-09-16 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +1 min

Former MoviePass CEO Mitch Lowe has pleaded guilty to securities fraud conspiracy. Lowe's actions as CEO helped push MoviePass and its parent company into bankruptcy in 2020. AdvertisementMitch Lowe, the former CEO of MoviePass, has pleaded guilty to securities fraud conspiracy, Variety reported on Monday. Lowe, whose actions as CEO helped drive the popular movie-ticket-subscription app into bankruptcy, admitted to conspiring to deceive the public and investors. "Mitch is a good man who is looking to move forward with his life," Margot Moss and David Oscar Markus, Lowe's lawyers, said in a statement to Business Insider.

Persons: Mitch Lowe, Lowe, —, Mitch, Margot Moss, David Oscar Markus, Lowe's Organizations: Service, Variety, Business

☆ Biden administration awards Intel up to $3 billion under the Chips Act
▼ + stars: | 2024-09-16 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +2 min

The Biden Administration on Monday awarded Intel up to an additional $3 billion under the CHIPS and Science Act for the "Secure Enclave" program which is designed to expand the supply of microelectronics for the U.S. Department of Defense. Intel is building foundry plants in four states as part of its project to increase domestic semiconductor manufacturing for other suppliers. In March, the Biden administration awarded Intel with up to $8.5 billion under the CHIPS and Science Act. Intel CEO Pat Gelsinger, in a recent meeting with Commerce Secretary Gina Raimondo, voiced frustration over the heavy reliance that U.S. companies have on Taiwan Semiconductor Manufacturing, the world's largest contract chipmaker. The company announced in August it would cut 15% of its workforce as part of a $10 billion cost-reduction plan.

Persons: Biden, Pat Gelsinger, Gina Raimondo, Intel's, Chris George, —, Seema Mody, Rohan Goswami Organizations: Biden, U.S . Department of Defense, Intel, CNBC, Taiwan Semiconductor Manufacturing, Department of Defense, Rapid, Microelectronics, United States Locations: United

☆ Welcome to interest-rate cut week: Here's how the Fed's next move will impact everything from home prices to new cars loans
▼ + stars: | 2024-09-16 | by ( Madison Hoff | Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

According to CME FedWatch, which estimates interest rate changes based on market predictions, the size of the rate cut is a coin toss. As of Friday afternoon, there's a 51% chance the Federal Reserve will cut rates by 25 basis points and a 49% chance it'll be an extra-large 50-basis-point cut. That's because a larger rate cut makes borrowing cheaper, which tends to drive up spending and fuel price increases. Rate cuts will also eventually make it cheaper for small businesses to take out loans. A rate cut could cause a rush of buyers to enter the market in the short term, driving up prices and competition.

Persons: Jerome Powell, Michael Madowitz, she's, McTier, it'll, Mark Hamrick, Banks, Hamrick, NerdWallet, Sara Rathner Organizations: Service, Federal, CME FedWatch, Federal Reserve, Business, Washington Center for Equitable Growth, Fed, Consumer Financial, Bureau, asheffey Locations: Jackson Hole , Wyoming, McTier

☆ 80-year-old billionaire Larry Ellison wins plaudits for looking 30 years younger, with longevity fanatic Bryan Johnson weighing in
▼ + stars: | 2024-09-16 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

Larry Ellison, the cofounder of Oracle, is praised for looking 30 years younger at age 80. 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 . AdvertisementLarry Ellison is winning praise online for looking far younger than his age. "Ellison, now 80, is doing a good job managing biological aging," Johnson, founder of payments company Braintree, wrote on X.

Persons: Larry Ellison, Antiaging, Bryan Johnson, —, Ellison, Johnson Organizations: Oracle, Service, Business Locations: Braintree

☆ Taylor Swift endorsed Kamala Harris for president. Donald Trump can't shake it off.
▼ + stars: | 2024-09-16 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Read previewDonald Trump doesn't like Taylor Swift. "I HATE TAYLOR SWIFT!" Donald Trump said he "hates" Taylor Swift on Truth Social on Sunday. "I signed and was responsible for the Music Modernization Act for Taylor Swift and all other Musical Artists. Related storiesIn August, Trump shared AI-generated images to Truth Social that showed Swift and her fans supporting his campaign.

Persons: —, Donald Trump doesn't, Taylor Swift, didn't, Swift, TAYLOR SWIFT, Kamala Harris, Harris, Donald Trump, Trump, Taylor, she'll, he's, Joe Biden, Joe Biden didn't, Crooked Joe Biden, Biden, Melanie Zanona, Mark Burnett, Gareth Cattermole Organizations: Service, Business, Fox & Friends, CNN, Variety, Fox Business, MTV, Trump

☆ Here are the stocks that win when the Fed cuts rates with no recession
▼ + stars: | 2024-09-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Fed funds futures have fully priced in that the central bank will lower interest rates, according to CME's FedWatch tool . Many now expect the Fed will achieve the coveted "soft landing" outcome, which means inflation is curbed without tipping the economy into a recession. Rate cuts without a recession has historically been a positive mixture for stocks. Given this backdrop, CNBC Pro screened for names that have performed nicely in past periods where the Fed pulled rates lower without the U.S. economy tipping into a recession. To find these companies, CNBC Pro searched the S & P 500 for members with the highest median gain one year after the Fed has cut rates without an official recession.

Persons: Genuity, LSEG, Paul Lejuez, WMT Organizations: Reserve, CNBC Pro, Nike, Dow Jones Industrial, Intel, Boeing, Walmart, Dow, Citi, Wall Locations: U.S, Rochester , New York

☆ Why this founder swears by going meeting-free 2 days a week
▼ + stars: | 2024-09-16 | by ( Tim Paradis | ) www.businessinsider.com time to read: +1 min

Madeline Mann, CEO of Self Made Millennial, schedules no meetings on Tuesdays and Fridays. Mann found that calls disrupted her ability to focus, prompting her to block off two days each week. Go to newsletter preferences Thanks for signing up! AdvertisementA couple of years ago, founder Madeline Mann wasn't happy with how she was getting things done at work. So, the CEO of the career-coaching service Self Made Millennial decided that her calendar would remain free from meetings on Tuesdays and Fridays.

Persons: Madeline Mann, Mann, —, Madeline Mann wasn't Organizations: Self, Service, Business

☆ TikTok is fighting for its life in US court — and it's on track to lose, former DOJ official says
▼ + stars: | 2024-09-16 | by ( Natalie Musumeci | Dan Whateley | ) www.businessinsider.com time to read: +7 min

Attorneys for the US government and the widely popular social media app faced off on Monday in a federal appeals court as TikTok fights against a law that could soon see the platform banned in the country. Rozenshtein said that he believes the appeals court will rule "decisively" and "comprehensively" against TikTok. AdvertisementTikTok's lawyer argued the law 'imposes extraordinary speech prohibition'In his oral arguments on Monday, TikTok lawyer Andrew Pincus slammed the law as "unprecedented." AdvertisementThe panel of judges, at times, seemed skeptical of TikTok's arguments. After the appeals court issues its ruling, the case could end up before the Supreme Court where Rozenshtein also predicts TikTok will not fare well.

Persons: —, Alan Rozenshtein, Rozenshtein, Joe Biden, TikTok's, Biden, haven't, TikTok, Andrew Pincus, Pincus, Daniel Tenny, Sarah Kreps, Kreps, Jaffer Organizations: Service, Appeals, District of Columbia Circuit, TikTok, Business, Justice Department, University of Minnesota Law School, Chinese Communist Party, Justice, Tech, Institute, New York's Cornell University, Columbia University —, Pew Research Center Locations: TikTok's Beijing, ByteDance, China, United States

☆ See SpaceX's Polaris Dawn mission: The daring 5-day spaceflight that's revolutionized the commercial space industry
▼ + stars: | 2024-09-16 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +1 min

The billionaire-funded Polaris Dawn mission completed its historic spaceflight on Sunday. 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 . AdvertisementPolaris Dawn finished its revolutionary spaceflight on Sunday when the four-member crew splashed down off Florida's coast after spending five days in Earth's orbit on the most ambitious commercial space mission, yet. Polaris Dawn was a scientific expedition.

Persons: —, Polaris Dawn Organizations: Polaris, Service, Business

☆ What 7 iconic 'Emily in Paris' locations look like in real life, from Emily's apartment to Gabriel's restaurant
▼ + stars: | 2024-09-16 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

Netflix renewed "Emily in Paris" for a fifth season just days after fully releasing season four. As a fan of the show, I've visited seven of its iconic locations while in Paris. From Emily's apartment to Gabriel's restaurant, here's how reality stacked up with the show. 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 .

Persons: Emily, I've, —, Emily Cooper's Organizations: Netflix, Service, Business Locations: Paris, Gabriel's

☆ FX took a risky bet on 'Shōgun,' a limited prestige series in Japanese. It just won a record-breaking 18 Emmys.
▼ + stars: | 2024-09-16 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

"Shōgun" won 18 Emmys, breaking the record for most wins in one season. The series initially seemed like a risky bet because it was a historical show with a non-English script. Go to newsletter preferences Thanks for signing up! Advertisement"Shōgun" smashed the record for the most Emmy Awards won by a show in one season, once again proving non-English shows are worth investing in. During this year's Emmy Awards ceremonies, "Shōgun" took home 18 awards, beating the previous record of 13 held by the 2008 HBO miniseries "John Adams."

Persons: —, John Adams, Shōgun Organizations: Service, HBO, Disney, Business

☆ Inside Man Group's rebuild of a key platform that will change the way the giant hedge fund analyzes data and manages risk
▼ + stars: | 2024-09-16 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The new platform, called Condor, was initially designed to replace a cobbled-together patchwork of different systems — some built more than a decade ago — underpinning Man AHL, the firm's systematic-trading arm. Over time, Man built different systems to trade them all. With Condor, Fitzgerald wants to bring those together — the research, the trading, and the logging — into a single platform. But software engineers adding functionalities, risk teams managing exposure, and support teams ensuring trading systems are running will also be using Condor.

Persons: —, Barry Fitzgerald, Fitzgerald, cohead, it'll, Condor Organizations: Service, Business, Condor, Man AHL, AHL

☆ Why this founder swears by going meeting-free two days a week
▼ + stars: | 2024-09-16 | by ( Tim Paradis | ) www.businessinsider.com time to read: +1 min

Persons: Madeline Mann, Mann, —, Madeline Mann wasn't Organizations: Self, Service, Business

The Trump campaign said former President Donald Trump is safe Sunday after possible gunshots rang out near him on his golf course in West Palm Beach, Florida. A source familiar with the matter told NBC News that Trump was immediately rushed to a safety and is safe, the source added. In a statement, Trump campaign spokesperson Steven Cheung said, “President Trump is safe following gunshots in his vicinity. The former president is safe," the Secret Service said in a statement. As a precaution, the Secret Service moved him to safety, but there was no evidence that Trump was targeted.

Persons: Trump, Donald Trump, Steven Cheung, Sen, Lindsey Graham Organizations: NBC News, “, Service, Local, Trump Locations: West Palm Beach , Florida, Beach

Former President Donald Trump is planning to visit Springfield, Ohio, "soon," a source familiar with the planning told NBC News. “In Springfield, [Ohio], they’re eating the dogs. They’re eating the cats. They’re eating — they’re eating the pets of the people that live there. Officials in Springfield and in Ohio have resoundingly condemned all allegations that immigrants in the city have been eating pets.

Persons: Donald Trump, Trump, Ohio Sen, JD Vance, Kamala Harris, ” Trump, Trump’s, Vivek Ramaswamy, Mike DeWine, DeWine, Springfield Mayor Rob Rue, Rue, Vance, ” Vance, “, ”, Lara Trump, — Donald Trump Organizations: NBC News, Trump, Springfield Police Division, Ohio GOP Gov, ABC News, Springfield Mayor, NBC, Press, CNN, Republican National Committee, Fox News Locations: Springfield , Ohio, Springfield, Philadelphia, “, Ohio, . Ohio

☆ Ohio Gov. Mike DeWine says baseless claims about Haitian immigrants are 'garbage'
▼ + stars: | 2024-09-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +6 min

Mike DeWine on Sunday decried former President Donald Trump's baseless claims that Haitian immigrants in Springfield, Ohio were eating dogs and other pets as "garbage," but stopped short of directly condemning the former president and his running mate, Sen. JD Vance, for spreading the false claims. There’s no evidence of this at all,” DeWine said during an interview on ABC’s “This Week” when asked whether it’s responsible for Trump to push those false claims. Springfield Mayor Rob Rue has slammed the false claims and urged the public, especially prominent public figures, against amplifying them further. “Springfield is a beautiful community, and your pets are safe in Springfield, Ohio,” Rue told MSNBC’s “Katy Tur Reports” last week. We don’t need this misinformation.”Vance on Sunday pushed back on claims that the fringe online conspiracy of Haitian immigrants in Springfield, Ohio, eating pets is false, claiming that he has heard concerns from constituents on the matter.

Persons: Mike DeWine, Donald Trump's, Sen, JD Vance, “, ” DeWine, DeWine, ”, Fran, we’ve, Trump, Vance, “ I’ve, Donald Trump, ” Trump, Kamala Harris, Harris, Springfield Mayor Rob Rue, ” Rue, MSNBC’s, Katy Tur, “ We’ve, ” Vance, Union ”, Biden, Margaret, Kamala Harris ’, I’ve Organizations: Gov, Trump, Republican, Springfield Mayor, Sunday, NBC, Press, CNN’s, Union, CNN, CBS Locations: Springfield , Ohio, Springfield, “, Haiti, “ Springfield, CNN’s “ State, Ohio

☆ Jane’s Addiction apologize to fans for onstage fight, cancel next show
▼ + stars: | 2024-09-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +2 min

Jane’s Addiction apologized to fans for the onstage altercation in Boston that saw singer Perry Farrell throwing a punch at guitarist Dave Navarro and abruptly ending their set. “We want to extend a heartfelt apology for the events that unfolded last night,” the band wrote in its Instagram story. Some fans reported on social media that tension looked to have been brewing for several songs before it got to the point of fisticuffs. The band has reformed several times over the years, usually without Avery, but clearly the tensions have continued. The band’s tour with Love and Rockets is scheduled to conclude in Los Angeles on October 16.

Persons: Perry Farrell, Dave Navarro, ”, Farrell, Navarro —, Etty Lou Farrell, Etty Lou, Navarro, Eric Avery, “, Stephen Perkins, Pyros, Avery Organizations: Love Locations: Boston, Bridgeport , Connecticut, Bridgeport, Los Angeles

“The American media totally ignored this stuff until Donald Trump and I started talking about cat memes. Bash replied, “You just said that this is a story that you created.”Vance said, “It comes from firsthand accounts from my constituents. I say that we’re creating a story, meaning we’re creating the American media focusing on it. Local officials at the city and state level have repeatedly tried to end the rumor about immigrants eating pets. Springfield officials have told press and city commission meetings that there are no credible reports of animal abuse by immigrants in the area.

Persons: Vance, CNN’s Dana, ”, Donald Trump, ” Vance, Bash, “, Kamala Harris, Springfield Mayor Rob Rue Organizations: Union, Local, CNN, Springfield Mayor Locations: Springfield , Ohio, “ State, CNN’s State, Springfield, Clark County, Haiti, United States

GLENDALE, Ariz. — Former independent presidential candidate Robert F. Kennedy Jr. said Saturday he is being investigated for collecting a whale specimen. Kennedy said that he responded in a letter, baselessly linking the National Marine Fisheries Service with whale deaths and calling for the agency to investigate. Kennedy did not go into details about the whale incident, but his daughter had previously described a situation involving a whale that took place 30 years ago. Kennedy endorsed Trump in August and has since been on the campaign trail urging supporters to back the former president. The National Marine Fisheries Service, which is part of the National Oceanic and Atmospheric Administration, did not immediately respond to a request for comment and confirmation Saturday night.

Persons: Robert F, Kennedy Jr, Kennedy, Donald Trump, Kathleen ", Tulsi Gabbard, Trump, I’m, Brett Hartl, Alex Tabet, Megan Lebowitz Organizations: National Marine Fisheries Institute, National Marine Fisheries Service, Town, Hawaii Rep, Trump, Arizona Christian University, NBC News, National Oceanic, Atmospheric Administration, Center for Biological Diversity, New York State Department of Environmental Conservation Locations: GLENDALE, Ariz, Glendale , Arizona, Central Park, Washington ,

☆ Turkey's 'balancing act' with BRICS may stoke NATO fears, but the West needn't be too worried, analysts say
▼ + stars: | 2024-09-15 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

Read previewEarlier this month, a spokesperson for Turkey's ruling AK Party said that a process was "underway" for Turkey to join the BRICS group of emerging-market nations. He now appears to be seeking to maintain what experts have dubbed a "balancing act" between its relations with the West, Russia, and China. "Even if Turkey does join BRICS, I do not believe it is going to lead to a fundamental redefinition of Turkey's relationship with the West." Advertisement"Understanding and collaborating with Turkey's perspective can enhance US and NATO relations with Turkey, irrespective of potential administrative changes in Ankara," Can wrote in an article for the Wilson Center. For its part, the US has remained relatively quiet following the news that Turkey's BRICS ambitions may be inching forward, which Aydintaşbaş said was likely a savvy move aimed at avoiding a public dispute.

Persons: —, Omer Celik, Tayyip Erdoğan's, Aydintaşbaş, Erdogan, Bulent Aliriza, Yusuf, Aliriza, there's, Turkey's Organizations: Service, AK Party, Reuters, Business, United, Saudi, NATO, EU, West, Brookings Institution, Russia, China, Eurasia Program, Center for Strategic, International Studies, Middle, Wilson Center, Wilson, of Europe, France Locations: Turkey, Ankara, Turkish, Brazil, Russia, India, China, South Africa, Ethiopia, Iran, Egypt, United Arab Emirates, Saudi Arabia, Ukraine, United States, Europe, France, West, Russian, U.S, Washington, Kazan

☆ Google dodged a jury trial in its big adtech case with a $2,289,751 check
▼ + stars: | 2024-09-15 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

AdvertisementThe antitrust trial, which began on Monday and is expected to last another month, has been configured as a bench trial. The case is different from a different Google antitrust trial decided earlier this year, where a judge found the company illegally monopolized the search market. AdvertisementThe Justice Department brought five different counts against Google under the Sherman Act, the landmark 1890 law that allows for the Justice Department to break up monopolies. AdvertisementAccording to a couple of professors who the Justice Department hired to do the math, that all added up to $2,289,751. At the end of June 7 hearing, Brinkema applauded Google and the Justice Department for their clever legal arguments.

Persons: —, Department —, There's, Leonie Brinkema, Bill Clinton, Brinkema, Sherman, Gibson Dunn, Stephanie Scarbrough, Rebecca Allensworth, Allensworth, Department's, Wells Fargo, DOJ's, We're, Justice Department didn't Organizations: Service, Google, US Department of Justice, Department, Business, Justice Department, Justice, of, AP, Vanderbilt University, BI Locations: Virginia, United States, States, Eastern, of Virginia

☆ Houthi rebels say they struck Israel with a 'new hypersonic ballistic missile' that flew more than 1,200 miles in just over 11 minutes
▼ + stars: | 2024-09-15 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

The Houthi rebels said they had struck Israel with a hypersonic ballistic missile. They said the missile flew more than 1,200 miles in just over 11 minutes. Go to newsletter preferences Thanks for signing up! AdvertisementYemen's Houthi rebels have said that the militant group struck Israel using a "new hypersonic ballistic missile." The Israel Defense Forces said that it had identified a surface-to-surface missile fired from Yemen over central Israel.

Persons: —, Yemen's, Yahya Sarea Organizations: Service, Israel Defense Forces, Business Locations: Israel, Yemen

☆ A millennial moved to the Netherlands from Texas and traded a 6-day workweek for a 4-day one. He earns less but says he is happier.
▼ + stars: | 2024-09-15 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Read previewKeiland Smith loved his job as the director of a chiropractic practice, but he felt exhausted by the 6-day workweek. They love life in the Netherlands and now Smith has more control over his schedule, often working four days a week. When a previous mentor contacted him about working as a chiropractor in the Netherlands, Smith became intrigued. He earns about $72,000 (€65,000) annually in the Netherlands, which is less than the six figures he made in Texas. AdvertisementBeyond work, Smith said he feels healthier in the Netherlands than he did in Texas.

Persons: —, Keiland Smith, — Smith, Smith, he's Organizations: Service, Business, Voting, University of South, Parker University, Medical City Hospital, Keiland Smith Learning Locations: Grand Prairie , Texas, Dallas, Fort Worth, Europe, France, Spain, Netherlands, Bodegraven, Amsterdam, Texas, California, Florida, University of South Florida, Austria, Dutch, Grand Prairie, Czech Republic, American

☆ I have no inner monologue. I was shocked when I found out others do.
▼ + stars: | 2024-09-15 | by ( Rachel Morgan Cautero | ) www.businessinsider.com time to read: +1 min

When I first realized my now-husband had an inner monologue, I thought something was wrong with him. My head is quiet all the time, which puts me in the minority since most people have a monologue. 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 . "Oh, you mean how I just vocalize my inner monologue?

Persons: —, I've Organizations: Service, Business

☆ Don't make this $130,000 mistake when rolling over a retirement account, Vanguard warns
▼ + stars: | 2024-09-15 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Vanguard finds 28% of rolled-over IRAs in 2023 remain uninvested in stocks or bonds. 68% of these investors were unaware their funds were not reinvested, per a September report. 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 . AdvertisementIf you've rolled over money from a 401(k) into an individual retirement account (IRA), you might be making a costly mistake: leaving the funds in cash.

Persons: — Organizations: Vanguard, Service, Business Locations: IRAs

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