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☆ Target shoppers' excitement over the 'Wicked' Stanley cups shows buzzy partnerships are the way forward for the water bottle brand
▼ + stars: | 2024-10-15 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +5 min

On Sunday, Stanley and Target released a collection of "Wicked"-themed Quencher cups. AdvertisementTarget and Stanley released their latest limited-edition collaboration on Sunday, delighting water bottle enthusiasts and musical fans alike. The videos were reminiscent of those that appeared after Target and Stanley released their Valentine's Day collaboration in January. Savvy marketing can help StanleyThe enthusiasm over the "Wicked" Quencher collection comes after a banner year for Stanley. Courtesy of StanleyBut as the excitement around the "Wicked" collection indicates, Stanley can maintain its popularity with buzzy collaborations.

Persons: Stanley, —, Alicia Briggs, Oz, Briggs, Quencher, Elphaba Quencher, Love, Piper Sander, Olivia Rodrigo, Barbie's, — Stanley Organizations: Shoppers, Service, Target, Business, CNBC, Influencer Intelligence, LoveShackFancy Locations: Target

☆ Skims wants to be the new Nike. Brand experts say that's a pipe dream.
▼ + stars: | 2024-10-12 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

Skims CEO Jens Grede compared the Kim Kardashian-fronted brand's successes to Nike in the 1990s. Grede told the FT that, like Nike, Skims "exists at the intersection of culture and commerce." According to Jens Grede, the CEO of Kim Kardashian's shapewear brand, Skims' hero is Nike — though, to be clear, not the Nike of today. AdvertisementKim Kardashian (L), Jens Grede (C), and Emma Grede (R) pose with the Amazon Innovation Award during the 2022 CFDA Fashion Awards. Kim Kardashian describes herself as the face of the Skims brand.

Persons: Jens Grede, Kim Kardashian, Grede, —, Kim Kardashian's, Skims, Emma Grede, Kardashian, Jens, Jenner, Khloé Kardashian's, Kylie Jenner's, Dimitrios Kambouris, Isabelle Aleksander, Michael Jordan, Tiger Woods, Roger Federer, Aleksander, Matthew Quint, Kim, Quint, Jamie McCarthy, Spike Lee, Andre Agassi, Pete Sampras Organizations: Nike, Brand, Service, Financial Times, Skims, Amazon, JDO, Team USA, NBA, WNBA, USA, Center, Global Brand Leadership, Columbia Business School, Star, Kim Locations: Nike —, Skims

☆ Feeling the pinch, groceries become a 'splurge' for millennials and Gen Z
▼ + stars: | 2024-10-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Younger generations spend more on groceries than other categories, a McKinsey report says. The firm asked over 4,000 people, from baby boomers to Gen Zers, about the categories they intend to splurge on this year. Groceries ranked highest for millennials and Gen Zers, outpacing restaurants, bars, travel, beauty and personal care, apparel, and fitness. It's a notable shift from 2018 when older generations like baby boomers and Gen Xers still spent more on groceries than millennials. It surveyed baby boomers to Gen Zers, not baby boomers to Gen Xers.

Persons: Moodys, —, Splurging, what's, Gen Zers, It's, Gen Xers, Zer, Peter Pham, Pham, Moody's Organizations: McKinsey, Service, McKinsey & Company, millennials, Forbes

Trump’s re-election campaign has excoriated the project, calling it “pure malicious defamation” and “garbage,” and sent the producers a cease-and-desist letter. Vanity Fair journalist Gabriel Sherman, who wrote the screenplay, draws a direct line between Cohn’s bare-knuckle tactics and Trump’s modern-day political persona. In one graphic scene, the dramatized Trump character sexually assaults his first wife, Ivana Trump (played by Maria Bakalova), after a bitter argument. In another notable sequence, Trump’s character goes under the knife for scalp reduction surgery and a liposuction procedure. “You might find some of these character questions you have about Trump answered,” Abbasi said.

Persons: Donald Trump, Trump’s, Ali Abbasi, Abbasi, “, ”, McCarthy, Roy Cohn, Trump, Gabriel Sherman, Cohn, Jeremy Strong, Sebastian Stan, ” Abbasi, Sherman, Fred, Ivana Trump, Maria Bakalova, ” Pief, Steven Cheung, doesn’t, ” Cheung, Tom Ortenberg, ’, ” Ortenberg, Kevin Smith’s, Bill Maher’s “, Oliver Stone’s “, George W, Bush, Briarcliff, Jamal Khashoggi, Ortenberg, It’s Organizations: Cannes Film, Republican, New York, Manhattan, Vanity, NBC, Trump, Hollywood, Briarcliff Entertainment, Catholic League, Washington Post, Saudi, Variety Locations: Hollywood, American, Tehran, Copenhagen, “, New York City, Saudi Arabian, Istanbul

☆ Charli XCX made $10 million off her 'Brat summer.' Now that it's fall, can she keep the momentum?
▼ + stars: | 2024-10-11 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

The picturesque event marked the official transition from "Brat summer" to "Brat autumn." We were there to celebrate "Brat and It's Completely Different But Also Still Brat," a remixed version of, you guessed it, "Brat," Charli's sixth studio album and bonafide phenomenon. Charli XCX threw a listening party to celebrate the release of her "Brat" remix album. Related storiesThe remix album rollout proves that 'Brat' can outlast the changing seasonsThe "Brat summer" campaign was clever and undeniably successful — not to mention lucrative. Charli herself has acknowledged this, posting "goodbye forever brat summer" on X (formerly Twitter) on Labor Day.

Persons: Charli XCX, —, Charli, Henry Redcliffe, Troye Sivan, Barack, she'll, Jenna Adler, Henry Redcliffe That's, Charli could've, It's, Mark di Suvero, Alexander Calder, Ariana Grande, Storm King Organizations: Storm King Art Center, Service, Pitchfork, Storm, Billboard, CAA, Labor Locations: New York, Hudson Valley, Madison, Los Angeles, Manhattan, Brooklyn

☆ Inside Substack's emerging IRL event strategy as the platform expands beyond its newsletter roots
▼ + stars: | 2024-10-09 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +9 min

We spoke with Sophia Efthimiatou and Matt Starr, Substack's duo paving the platform's IRL strategy. hosted "Hate Read Live," where several contributors behind Cai's "Hate Reads" newsletter read excerpts at a bar in New York. September: Casey Lewis hosted "Debate Club," the first iteration of Substack's "Stacked Debate" series, in a gymnasium featuring several Substack writers. hosted "Debate Club," the first iteration of Substack's "Stacked Debate" series, in a gymnasium featuring several Substack writers. Substack's events are a playground for promoting these tools.

Persons: Substack, Sophia Efthimiatou, Matt Starr, —, I'm, Casey Lewis —, Lewis, John Paul Brammer, Kareem Rahma, Nolita Dirtbag, Randa Sakallah, Casey Lewis, Anna Maria Lopez, Hunter Harris, Rayne Fisher, Efthimiatou, Starr, Emma Trim, Delia Cai, Cai's, Tavi Gevinson, Mary Gaitskill, Quann, Emilia Petrarca, Jessica DeFino, Fisher, Emily Sundberg, Substack's, Hamish McKenzie, McKenzie, podcaster Dwarkesh Patel Organizations: IRL, Service, Press, Substack, Business, The New York Times, Hotel Chelsea, New York, Democratic, Convention Locations: New York, New York City, Substack, New, Montauk , New York, San Francisco, inboxes

☆ What rabbis think of Netflix's 'Nobody Wants This' and Adam Brody's 'hot rabbi' character
▼ + stars: | 2024-10-06 | by ( Pilar Melendez | Pilar Melendez Is An Editor On The Nbc News Platforms Team. | ) www.nbcnews.com time to read: +10 min

NBC News spoke with four rabbis about the buzzy series, which has generated intense online reaction, including a steady stream of Brody-focused “hot rabbi” memes, since its Sept. 26 release. Nevertheless, the “hot rabbi” memes still remain a major force behind the show’s public reception. He took no issue with Brody’s “hot rabbi” character and his lifestyle. “Yeah, I’m a hot rabbi. Like Zinkow, Rabbi Sari Laufer was cautious about the show — and planned to avoid it altogether.

Persons: Maya Zinkow, Kristen Bell, podcaster, ”, Adam Brody, Berkeley’s Hillel, “, ” Zinkow, Steve Leder, ” Adam Brody, ” Saeed Adyani, Rabbi Noah Roklov, Brody, Bell, Angelino, Harry Met Sally, ’, Erin Foster, Foster, Hugh Grant, Joanne —, adam brody, Seth Cohen, Adam Brody’s rizz, Leder, ” Leder, “ It’s, Noah, — Leder, Zinkow, I’m, Joanne, Rabbi Noah, Rabbi Sari Laufer, ” Laufer, Stephen Wise, Laufer, Rabbi Leora Kaye, Noah’s, Bina, Rebecca, Emily Arlook, ” “, Kaye, it’s, Jackie Tohn, Esther, NBC’s, That’s, ” Foster, “ They’re Organizations: University of California, NBC News, NBC, Netflix, Wilshire Boulevard Temple, Guardian, Stephen Wise Temple and Schools, Central Conference of American, Los Angeles Times, Jewish, Hallmark Locations: “, Brody, Israel, U.S, Wilshire Boulevard, Los Angeles, “ Notting, Fleabag, New York, endogamy

☆ OpenAI just secured a ton of new cash. Now it needs to wow us
▼ + stars: | 2024-10-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

One thing seems clear: The company is burning through far more cash than it’s bringing in, according to reporting from the New York Times. (That’s revenue largely from subscriptions to premium versions of ChatGPT and licensing its tech to third-party developers.) Here’s where things get a little wild:Next year, OpenAI estimates that its revenue will more than triple to $11.6 billion. It’s not clear how, or whether, OpenAI is working on reducing its significant cash burn. “It has nothing to do with reality.”One way OpenAI could improve its margins would be to cut costs.

Persons: CNN Business ’, New York CNN —, Goldman Sachs, that’s, Gil Luria, Davidson, ” Luria, “, Luria, There’s, OpenAI, Sam Altman, we’ve, ” Organizations: CNN Business, New York CNN, Google, Pfizer, Microsoft, Nvidia, Ark Investment Management, Apple, Wall Street, New York Times, Times, CNN, CNBC, Bravo, ” Locations: New York, Silicon Valley, Silicon

☆ 11 movies and shows to stream this weekend, from new horror movies to 'Love Is Blind' season 7
▼ + stars: | 2024-10-04 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +1 min

Horror movies like "The Platform 2" and "Hold Your Breath" are now streaming. 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 . AdvertisementIt's officially spooky season, and that means there are plenty of scary movies to stream. Here's a complete rundown of all the best movies, shows, and documentaries to stream this weekend, broken down by what kind of entertainment you're looking for.

Persons: There's, —, Stephen King, Sarah Paulson, Ebon Moss, Bachrach, Ariana DeBose, Barbie Ferreira Organizations: Service, Hulu, Netflix Locations: Max, Spanish

☆ Palmer Luckey's buzzy defense firm Anduril is expanding into the space business
▼ + stars: | 2024-10-02 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Palmer Luckey's defense tech startup Anduril is setting its sights on space. AdvertisementDefense tech startup Anduril is fast building a reputation for disrupting the traditional defense industry with its futuristic flying and underwater autonomous devices. Anduril said the mission would "be the foundation for Anduril and Apex's commitment to regularly deploying more mass to orbit. " Last week, the company landed a $25.3 million contract with the US Space Force, a branch of the military established four years ago to protect US interests in space. AdvertisementAnduril has been contracted to expand the use of its artificial intelligence-powered Lattice software on Space Force's Space Surveillance Network (SSN).

Persons: Palmer, Anduril, —, Palmer Luckey, Gokul Subramanian Organizations: Apex, Service, Defense, SpaceX, US Space Force, Surveillance, Space, Engineering, US Air Force, Australia's Navy, Air Force Locations: United States, Anduril's

☆ Levi Strauss trims guidance as it weighs sale of Dockers business
▼ + stars: | 2024-10-02 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

Excluding one-time items, Levi's posted earnings of $132 million, or 33 cents per share. "We believe the exit of Dockers will allow both Dockers and Levi's to independently operate and maximize each other's value independently." Direct gainsBeyond Docker's, Levi's is making gains in growing its profitability as it continues to shift its focus to selling directly to consumers. During the quarter, Levi's direct channel was up about 10%, driven by strength in the U.S. and 16% growth in e-commerce. Overall, direct sales comprised 44% of total revenue and Levi's wants to get that number closer to 55%.

Persons: LEVI, Justin Sullivan, Levi Strauss, Levi's, Levi, khakis, …, Harmit Singh, Singh, Beyoncé, Michelle Gass Organizations: Dockers, LSEG, CNBC, of America Locations: U.S

☆ OpenAI executive says the startup has a 'great bench' after CTO's abrupt departure
▼ + stars: | 2024-10-02 | by ( Rob Price | ) www.businessinsider.com time to read: +4 min

OpenAI exec Kevin Weil told BI the company has a "great bench" after CTO Mira Murati abruptly quit. AdvertisementThe hundreds of attendees at Ray Summit, an AI conference in San Francisco, were originally hoping to hear from Mira Murati, the chief technology officer of OpenAI, on Wednesday. AdvertisementIn a brief interview with Business Insider immediately afterwards, Weil praised Murati while downplaying the impact of her departure. Weil, a former Instagram executive, highlighted Mark Chen as an example of the talent still around at OpenAI. "So I'm really excited to partner with him and I'm really optimistic about what we're building."

Persons: Kevin Weil, Mira Murati, Weil, —, Murati, Robert Nishihara, OpenAI, Mira, I've, Mark Chen, Chen, you've, I'm, Jane Street, Sam Altman, Ilya Sutskever, superalignment, Jan Leike, John Schulman, Barret Zoph, Bob McGrew, Bob, we've, We've Organizations: Service, Ray Summit, Business, Integral Technology, MIT Locations: OpenAI, San Francisco, Silicon

OpenAI's $6.6 billion funding raise attracted some big names across the industry. The $6.6 billion round gave OpenAI a $157 billion post-money valuation and minted it into one of the most valuable startups in the world. MicrosoftMicrosoft invested a little under $1 billion into OpenAI's latest funding round, according to The Wall Street Journal report. FidelityFidelity also participated in OpenAI's latest funding round. AdvertisementAltimeter Capital ManagementAltimeter Capital Management also contributed to OpenAI's latest funding round, according to reports.

Persons: —, Sam Altman, OpenAI, Here's, Anderson Cooper, Josh Kushner, Instagram, Kushner, Altman, josh, SoftBank, Masayoshi Son, Son, Marco Bello, Wood, Morningstar, Bing, Jensen Huang, Sam Yeh, Elon Musk's, Brad Gerstner, Gerstner, Vinod Khosla, Vaughn Ridley, Khosla, MGX Organizations: Service, Allen & Company Sun Valley Conference, Getty, Capital, Business, VC, Wall Street, Reuters, Vision Fund, Venture, ARK Invest, ARK Venture Fund, SpaceX, Microsoft Microsoft, Wall, Rival Apple, Microsoft, Nvidia Nvidia, Nvidia, Tiger Global Management, Fidelity Fidelity, Elon, Elon Musk's xAI, Fidelity, Capital Management, . Khosla, Getty Khosla Ventures, Sun Microsystems, United Arab, Bloomberg Locations: OpenAI, Silicon Valley, OpenAI ., Tokyo, Saudi, ARK, AFP, IPOs, America, United Arab Emirates

☆ The Gap comeback that might actually be working
▼ + stars: | 2024-10-02 | by ( Cathleen Chen | ) edition.cnn.com time to read: +21 min

Designer Zac Posen — now creative director at Gap Inc., at the Vanity Fair Oscar party in March 2024. Danny Moloshok/ReutersSince 2014, the Gap brand has nearly halved its presence in North America, going from 968 stores in the market to 472 as of February. It makes up about 20% of overall Gap Inc. revenue, while Old Navy accounts for more than half. Before Gap, Posen was on track for a similar trajectory to Mizrahi’s. They started by redefining the positioning of each brand: Gap as a pop culture brand.

Persons: CNN — Zac Posen, Richard Dickson, Posen, Donald, Doris Fisher, Mickey Drexler, Drexler, Uniqlo, Zac Posen —, Danny Moloshok, Sonia Syngal, Dickson, Barbie, Troye Sivan, Da’vine Joy, Anne Hathaway, ” Posen, won’t, Zac, Isaac Mizrahi, ”, Gabriella Santaniello, Mizrahi, Zac Born, Saint Ann’s, Lola Schnabel, Julian Schnabel, Lena Dunham, Nicole Miller, Naomi Campbell, Grimm, —, Da'Vine Joy Randolph —, Jamie McCarthy, Yucaipa, Ron Burkle, Sean Combs, Zac Posen, Neiman Marcus —, Zac Posen — that’s, Zac Posen’s, it’s, Paco Rabanne, Patrick Robinson, Ye, Julie Gilhart, Gilhart, ” Dickson, Bernadette Peters, “, Harrison Ball, Ryan Murphy, ’ ”, TJ Maxx, Kennedy, Anne Hathway, Pietro S, Robert, William Fisher, didn’t, Mark Breitbard, Horacio Barbeito, Chris Blakeslee, Goodman, Stephanie Keith, Da’Vine Joy Randolph’s, Sivan, Hathaway, Julia Fox, influencer, Lee Peterson, hasn’t Organizations: The, Fashion, CNN, Old Navy, Inc, New Yorker, Gap Inc, Navy, Banana, Reuters, Mattel, Hollywood, Xcel Brands, QVC, Saint, Metropolitan Museum of Art, Central Saint Martins, New York Times, Centric Brands, Barneys, New York City Ballet, Swans, Disney, rockstar, Old, America ., Collins Group, Vogue, Bloomberg, Council of Fashion Designers of America, New York, Dôen Locations: Posen, San Francisco Bay, New, Banana Republic, Athleta, San Francisco, Oxford, Zara, North America, Asia, China, Republic, New York City, American, London, Bloomsbury, Balthazar, SoHo, Rome, Italy, New York, America, America . Banana

☆ I ate at a buzzy Paris restaurant with unlimited chocolate mousse on the menu. Now, I recommend it to everyone I know.
▼ + stars: | 2024-09-29 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +5 min

But my love story with Chez Janou began years prior, on a chilly January night. A picture I snapped of the scallops at Chez Janou in January 2020 — please ignore the iPhone 8 camera quality. Then came the famous chocolate mousse that had first tempted me through Chez Janou's doors. The chocolate mousse makes for good clicks, but it's also legitimately delicious. They recommend ordering the fried sardines, juicy and crisp duck — which Kaitlyn said was one of the best she's ever tried — ratatouille, and, of course, the chocolate mousse.

Persons: Chez Janou, raved, —, it'd, Herrine Ro, Ro, Janou, Andy, Kaitlyn Seo, it's, haven't, Kaitlyn, I've Organizations: Chez, Service, Business, La Maison, Grange Locations: Paris, Paris —, La, France

Following a summer of star-studded events in Cannes, Venice and Toronto, the 62nd annual New York Film Festival opens at Lincoln Center on Friday for 17 days of lit-up silver screens and sparkling red carpets. “For these positions, we tend to look for films that are among the most anticipated of the year,” he said. A24“There are many ways to think about queerness, and there are many ways to account for it in a program. “What’s been interesting for me is to think of, in what ways can a film be queer? “Films do not come from nowhere; they’re made by people who live in the same world as us,” he said.

Persons: Pedro Almodóvar’s, Tilda Swinton, Julianne Moore, Luca Guadagnino’s “, ”, Daniel Craig, Drew Starkey, ” Dennis Lim, NYFF, ” Daniel Craig, Lim, ’, “, Moore, Craig, Guadagnino, he’s, ” Lim, Sigrid Nunez’s, Pedro, William S, Burroughs, ” Selena Gomez, Emilia Pérez, Shanna Besson, who’s, Jacques Audiard, Alain Guiraudie, Guiraudie’s, Karla Sofía Gascón, Zoe Saldaña, Selena Gomez, Adriana Paz, Truong Minh, R.J, Cutler, David, “ Elton John, Yashaddai Owens, James Baldwin, “ Jimmy, Jackie ”, “ Spencer, Pablo Larraín, “ Maria, Angelina Jolie, Maria Callas, Nam, they’re Organizations: New York Film, Lincoln Center, NBC, Swinton, ”, Epifanía, “ Locations: Cannes, Venice, Toronto, Italian, NYFF, Mexico, “, Chilean, ”

A leaked internal guidebook from MrBeast is being passed around the tech world. Tech workers and investors are digging into the YouTuber's views on hiring, managing, and more. Related storiesA hardcore founder who writes like a real personMrBeast's guidebook is the latest "hardcore" corporate document to go viral in the tech world. "Leaked internal emails and memos are religious texts for the tech world," Alder said. Donaldson's casual, unpretentious writing style was a big factor in helping it spread across the tech world, industry insiders told BI.

Persons: —, He's, Jimmy Donaldson, Donaldson, Brian Chesky, Combinator's Paul Graham, Tom Alder, Alder, Jeff Bezos, ByteDance, Donaldson isn't, it's, John McCarus, Steve Jobs, MrBeast, Rachel Roberts Mattox, Mattox, Marc Cohen, Abhishek Sharma Organizations: Tech, Service, Hacker, Big Tech, YouTube, Unbundled, Google Locations: Silicon Valley

☆ Influencers are shepherding their online followers to IRL events as they look to build communities and make money
▼ + stars: | 2024-09-25 | by ( Amanda Perelli | Sydney Bradley | ) www.businessinsider.com time to read: +9 min

Vox Media has also doubled down on investing in podcasting and is helping its podcast creators expand into live events. Jackie Cinguina, chief marketing officer, and Lillian Xu, executive director, spoke with BI about the company's offerings for podcast creators. Vox Media leans on specific marketing, like placing podcast talent into larger in-person events to perform, like South by Southwest. "From an audience standpoint, we thought it was really important," Xu said about bringing back live events. You see them react to the audience and feed off of them when they are in front of a live audience."

Persons: —, Cary, Michael Huang, Cary Huang, Huang, Tana Mongeau, Brooke Schofield, Jake Shane, Ethan, Hila Klein, Mongeau, Schofield, Hugo Amsellem, it's, Jenna Bandy, Bree Green, Carson Roney, Alex Sheinman, Claire Parker, Ashley Hamilton, Parker, Hamilton, cohost Claire, Dan Howell, Phil Lester, Howell, Lester, Ariana Nathani, Jackie Cinguina, Lillian Xu, Cinguina, Vox, Xu, they're, Delia Cai, Hunter Harris, Emilia Petrarca, Sophia Efthimiatou, Efthimiatou Organizations: Service, Saban Media Center, Disney, Nickelodeon, YouTube, Business, Dolby Theatre, Snapback Agency, Snapback, of, Creators, Netflix, Vox, Vox Media, BI, Southwest, IRL Locations: Hollywood, LA, America, of America, York, Hamilton, South

☆ AI startups should brace for a wave of down rounds, investors say. Here's how it might play out.
▼ + stars: | 2024-09-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

Read previewDown rounds and flat rounds for VC-backed startups have hit an all-time high this year since 2014. And AI startups, which have been the darlings of the tech ecosystem since late 2022, aren't exempt from the trend. The deal was seen by some investors as an omen for a wider phenomenon in the AI ecosystem — an impending wave of flat rounds and down rounds. "Investors went crazy for AI startups with zero revenue, at higher valuations, which will be an issue," said Umesh Padval, managing director at Thomvest Ventures. Down rounds are on the riseIn 2022, 90.2% of AI startups in the US raised up rounds, while 6.5% raised down rounds, according to PitchBook data.

Persons: —, we've, Andreas Riegler, Umesh Padval, Padval, Francesco Ricciuti Organizations: Service, Microsoft, Business, Big Tech, APEX Ventures, Jasper, Google, Thomvest Ventures, Runa Locations: London

☆ Caroline Ellison, whose testimony helped convict Sam Bankman-Fried, faces her own sentencing
▼ + stars: | 2024-09-24 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —A year ago, Caroline Ellison was preparing to testify against her former boss and ex-boyfriend in one of the biggest fraud trials in US history. Ellison, who ran Alameda, pleaded guilty to seven federal counts of fraud and conspiracy shortly after FTX’s collapse. A jury last year convicted former crypto billionaire Sam Bankman-Fried on multiple counts of federal fraud and conspiracy. Over three days on the stand, Ellison, who is 29, repeatedly reinforced that throughout her years at Alameda, the buck stopped with Bankman-Fried. While sentencing is entirely up to Judge Kaplan’s discretion, legal experts say it’s highly unlikely Ellison will end up in prison.

Persons: CNN Business ’, Caroline Ellison, she’ll, FTX, Ellison, Sam Bankman, Lewis Kaplan, Ellison’s candor, Angela Weiss, “ Sam, ”, Dennis Kelleher, “, Kaplan’s, Jordan Estes, Kramer Levin, Josh Naftalis, Kaplan, Pallas, Ryan Salame, Nishad Singh, Gary Wang Organizations: CNN Business, New York CNN, Alameda Research, Getty, Better, of, New, Bankman Locations: New York, Alameda, Bankman, of New York

☆ 'Monsters: The Lyle and Erik Menendez Story' is about two brothers who murdered their parents. Here's what the Netflix show gets wrong.
▼ + stars: | 2024-09-23 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +5 min

Read preview"Monsters: The Lyle and Erik Menendez Story," the latest buzzy true crime drama series from Netflix, tells the story of two brothers who killed their parents in 1989. José Menendez likely didn't see who killed himJosé Menendez, and Javier Bardem in "Monsters: The Lyle and Erik Menendez Story." AdvertisementThere's no evidence the brothers had an incestuous relationshipCooper Koch as Erik Menendez and Nicholas Chavez as Lyle Menendez. The scene then shows Kitty Menendez walking in on Erik and Lyle Menendez kissing in the shower. Erik Menendez has said he isn't gayErik Menendez in Los Angeles in 1994.

Persons: —, Lyle, Erik Menendez, José Menendez, Mary Louise, Kitty, Menendez, Ryan Murphy, Jeffrey Dahmer, J, Simpson, Javier Bardem, Kitty Menendez, Erik, Cooper Koch, Nicholas Chavez, José, didn't, Eric Menendez, Ronald L, Lyle Menendez, Dominick Dunne, Nathan Lane, Dunne, Ted Soqui, Tammi Menendez Organizations: Service, Netflix, Business, Los Angeles Times, Getty, ABC News, ABC Locations: Los Angeles, Beverly Hills

☆ I went to Target with a $100 budget for clothes. I found 5 high-end dupes to refresh my wardrobe.
▼ + stars: | 2024-09-22 | by ( Amanda Krause | ) www.businessinsider.com time to read: +1 min

I went shopping with a $100 budget to see what clothes I could buy. I found five standout items that could refresh my wardrobe and serve as high-end dupes. Go to newsletter preferences Thanks for signing up! I'm also a big fan of Target's clothes, shoes, and accessories. Though I try to thrift most of my wardrobe, I've often turned to the department store, like when I wanted to buy trendy ballet flats but didn't want to drop $1,000 on a designer pair.

Persons: —, I've, I'm Organizations: Service, Business Locations: TikTok

☆ Sam Altman's Worldcoin turns your iris into a code for universal basic income. Its privacy chief wants you to chill about your data.
▼ + stars: | 2024-09-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +9 min

The technology is similar to Apple's Face ID but mobile platform-agnostic, given that many Worldcoin users have Android devices. So I can take a photo of your face, and, through complicated AI, I could fool Face ID, for example. If it is the first time, the orb takes the iris code and cryptographically processes the iris code. Individually, neither of those new codes looks anything like the iris code, nor can they be brought back to the iris code on their own. To get an iris code, you have to recombine all of those pieces.

Persons: Sam Altman's, Worldcoin, It's, Damien Kieran, Elon Musk, Kieran, they're, it's, Alex, Sam Altman Organizations: Service, Business, Companies, Humanity, Twitter, Google Locations: Germany, France, Kenya

☆ A new ETF uses AI to emulate Warren Buffett's investment style
▼ + stars: | 2024-09-22 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Investment startup Intelligent Alpha is working on launching the Intelligent Omaha ETF , with the ticker AIWB, that relies on AI to emulate the Berkshire Hathaway CEO's investment philosophy and create a portfolio of 25-30 stocks that it thinks Buffett might buy. It remains to be seen how deeply AI could understand Buffett's unique investing style that has evolved significantly over seven decades. All about AI Intelligent Alpha has been testing its Buffett strategy for six months and the portfolio AI puts together would overlap Berkshire's by anywhere between 30 to 60%. "The vision for Intelligent Alpha is to build the AI-powered BlackRock," Clinton said. "There are two big pillars, serving retail investors [through Registered Investment Advisors], and then there's serving institutional investors."

Persons: Warren Buffett, Buffett, Claude —, he's, Doug Clinton, Charlie Munger's, Clinton, Stanley Druckenmiller, David Tepper Organizations: Alpha, Berkshire Hathaway, Intelligent Alpha, Apple, Livermore, Nvidia, Advisors Locations: Omaha

☆ A new Zyn competitor is marketing its nicotine pouches to the finance bros
▼ + stars: | 2024-09-21 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

Excel's is-it-ironic-or-not branding makes sense, given the growing popularity of synthetic nicotine pouches among office workers wanting a boost. Excel Pouches cofounder John Coogan Elspeth VincentIn addition to the corporate world, the pouches have also found loyal devotees within certain circles of the political right. Lucy's first product was nicotine gum, and it also vends a Breakers brand whose nicotine pouches contain a flavor capsule. In an email interview with BI, Day Job cofounder Rion Harmon said the branding was inspired by Wall Street's hedonistic heyday. AdvertisementCoogan likened Excel to "American Psycho," a satire that he said has been "rightly embraced by finance bros as a style guide."

Persons: —, John Coogan, Zyn, John Coogan Elspeth Vincent In, Tucker Carlson, Alp, Coogan, Soylent, Coogan —, Lucy, l6qOZlHH6e — John Coogan, Rion Harmon, Wall, Harmon, " Coogan, Patrick Bateman, Gordon Gekko Organizations: Service, Business, Excel, Fund, Goods, Colgate, bros Locations: Excel's, Los Angeles, Montauk

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