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☆ Inside the lives of travel tutors for the wealthy: big paychecks, yacht trips, and very little personal space
▼ + stars: | 2024-10-09 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +9 min

Travel tutors can earn six figures a year, but that price tag comes at a personal cost. For the past 14 years, she's worked with Tutors International, a company offering private travel tutor services. Tutors International, a UK-based company offering these services, advertises positions with salaries ranging from $150,000 to $380,000 annually. AdvertisementBut the hefty paycheck comes with significant caveats, said four current and former travel tutors who spoke with Business Insider. "You're there to do a job, and even though you might become friendly with the family, you're not their friend."

Persons: —, Joanna Dunckley, she's, Dunckley, Adam Caller, We're, Nathaniel Hannan, Hannan, Dunkley, Ian Jones, International's Hannan, International's Dunckley, Chen Junqing, Education's Jones, " Hannan, it's, It's, Bodo Müller, Dunckley's wanderlust Organizations: Service, International, Business, Beacon Education, Harvard Locations: Phnom Penh, Cambodia, Thailand, Spain, Tonga, China

☆ October is the most popular time to use this tax-savings strategy to offset thousands of dollars in income: Morgan Stanley
▼ + stars: | 2024-10-09 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Morgan Stanley notes October as a key month for tax-loss harvesting. Tax-loss harvesting can also be used to offset income by up to $3,000 a year. There are a couple of ways to counter your tax bill through tax-loss harvesting. IRS rules allow you to reduce your taxable income by up to $3,000 in a year from capital losses. According to the Morgan Stanley note, stocks that are susceptible to downward price pressure due to tax-loss harvesting typically see the most downside in October.

Persons: Morgan Stanley, —, Chris Chen, Chen, that's Organizations: Service, Insight Financial, Walmart, Target

☆ Disney prices just went up again. Here’s how to get a discount
▼ + stars: | 2024-10-09 | by ( Natasha Chen | ) edition.cnn.com time to read: +10 min

Jeffrey Talajic, who runs MagicTripTools.com, analyzed Florida park prices at Walt Disney World and Universal Resort Orlando going back to 1990, using data from the Orlando Sentinel newspaper. Talajic found that Disney World raised prices 22 out of the past 35 years, and Universal raised theirs 23 times. Jeffrey Talajic/MagicTripTools.comMindy Marzec, who runs the travel website thisfairytalelife.com, said she always jokes that three things in life are certain: death, taxes and Disney parks raising ticket prices. In Florida, guests can save between $60 and $200 per night on Disney World ticket and hotel packages for much of the first half of 2025. Another deal on the Disney World website offers hotel discounts between 10% and 25% on many dates from January through April.

Persons: Jeffrey Talajic, ”, Jessica Good, “, Walt, Price, Talajic, Universal, Mindy Marzec, Marzec, ” Marzec, wouldn’t, he’s, ” Gavin Doyle –, –, ” Doyle, ” Talajic, bookable Organizations: CNN, Disneyland –, Disneyland, Disney, Disneyland Resort, Walt Disney, Walt Disney World, Universal Resort Orlando, Orlando Sentinel, Universal, Animal, Costco, Southern, Disney Food Locations: California, Florida, Anaheim, Southern California, Magic Kingdom

☆ The top 4 things smart people always do to get noticed and succeed at work—without being the loudest in the room
▼ + stars: | 2024-10-09 | by ( Jessica Chen | In Jessicachenpage | ) www.cnbc.com time to read: +4 min

It's why I wrote my book, "Smart, Not Loud: How to Get Noticed at Work for All the Right Reasons," to teach smart professionals how to succeed at work, communicate with confidence, and highlight their genius — without needing to be loudest in the room. It's about being able to focus their energy on the things that give them a return on their efforts. Here are the top four things smart people always do to get noticed and succeed at work:1. Deliver this information clearly, concisely, and directly, and people will perceive you as someone who is smart and engaged. Follow upOne of the most important things you can do to succeed at work is to get comfortable circling back with people.

Persons: It's

☆ When Harlem Was ‘as Gay as It Was Black’
▼ + stars: | 2024-10-09 | by ( Derrick Bryson Taylor | Scott Reinhard | ) www.nytimes.com time to read: +30 min

Two Black men, in tuxedos, clasp hands and dance in a smoky foreground in a scene from "Looking for Langston," the 1989 film that reevaluated gay and lesbian contributions to the Harlem Renaissance. When Harlem Was ‘as Gay as It Was Black’ Mapping the people, homes and hot spots that transformed the neighborhood during its Renaissance. A map of Harlem with a location labeled “Ma Rainey at the Lincoln Theater” near 135th Street and Lenox Avenue. Michael Ochs Archives/Getty ImagesMap with location labeled “Bessie Smith at Hotel Olga” in the northernmost part of Harlem. was often called the living room of the Harlem Renaissance, and over the years provided a safe and affordable space for Black artists, writers and thinkers.

Persons: Langston, Henry Louis Gates Jr, Nicholas Park, Clare Corbould, ”, Ma Rainey’s, Ma Rainey, ” Ma Rainey, “, ” Donaldson, Gladys Bentley, Gladys Bentley West, Gladys Bentley West 133rd Street Gladys Bentley, Bentley, Michael Ochs, Bessie Smith, Hotel Olga ”, Bessie Smith Lenox, Lillian Simpson, Emma Chen, ” Smith, Porter Grainger, Everett Robbins, Ain’t, Jimmie Daniels ”, Jimmie Daniels, Daniels, Ethel Waters, Nicholas Avenue, Nicholas, Ethel Williams, Waters, ” Everett, Edna Thomas ”, Edna Thomas, Lloyd Thomas, Olivia Wyndham, Thomas, Wyndham, Georgette Harvey ”, Georgette Harvey, Maria, Porgy ”, Porgy, Bess, Musa Williams, Billy Rose, Hunter ”, Alberta Hunter, Lottie Tyler, Bert Williams, ’, ” Michael Ochs, Lindy Hop, Shane Vogel, Vogel, Jerome Robbins, James F, Wilson, Duke Ellington, Josephine Baker, Heather Nickels, Harry, Nickels, “ SAVOY, George Karger, Alain Locke, Countee Cullen, Richard Wright, Ralph Ellison, Langston Hughes, Olga ”, Olga Lenox, Edward H, Olga, Victor Hugo Green’s “, Bill “ BoJangles ” Robinson, Robert W Kelley, Alain Locke Washington, ” Alain Locke, Locke —, —, Nella Larsen ”, Nella Larsen, Street Nella Larsen, Larsen, Octavio González, Audre Lorde, Hughes, ” Arnold Rampersad, Countee Cullen ”, Harold Jackman, Cullen, Richard Bruce Nugent ”, Richard Bruce Nugent, Thurman, Jade ”, González, Nugent, ” Carl Van Vechten, Carl Van Vechten, Street Carl Van Vechten, Harold Jackman ”, ” Harold Jackman, Jackman, Maurice Hunter ”, Maurice Hunter, Corbould, Claude McKay ”, Claude McKay, West 142nd Street Claude McKay, Alexander Gumby, A’Leila Walker, A’Lelia Walker, Madame C.J, Walker, “ Wallace Thurman ”, Wallace Thurman, Zora Neale Hurston, Gwendolyn Bennett, Sydney ”, Sydney, Iolanthe Sydney, Du Bois, Thurgood Marshall, Robert “ Bobby ” Winchester, Horace Hicks, Isaac Julien, Mr, Julien Organizations: Harlem Renaissance, Harlem, The New, Black, Greenwich, Harvard, Central, Deakin University, Ma Rainey’s Georgia Jazz, Jazz, Lincoln, Lenox, Lincoln Theater, Street, Gladys Bentley West 133rd Street, New York Times, Michael Ochs Archives, Hotel Olga, Blues, Hotel, Lesbian, Blues Women, Communities, West, of Congress, Music Division, Federal, St, Library of Congress, Guild Theatre, Billy Rose Theatre Division, The New York Public, 138th Street, Alberta Hunter, West 138th, ” Michael Ochs Archives, Getty, Savoy, African American Studies, Yale University, Cabaret, 155th Street, Jerome Robbins Dance Division, 131st, CUNY, Hulton, West 133rd, 133rd, Avenues, Cotton, 142nd, Cotton Club 142nd Street, U.S, Swing, 141st, Ballroom, Blacks, 125th, 135th, Harlem Y.M.C.A, Harlem Branch, Columbia University, Lafayette Theater, Lafayette Players, Washington D.C, Wellesley College, 127th, Mount Morris Park, East 127th, 136th, The New York Public Library, Bettmann, Everett, 134th Street, Eighth, West 142nd, West 142nd Street, Cabaret School, Yale, American, Library, 136th Street, “ Infants, Columbia, Harlem’s Locations: tuxedos, Manhattan, Harlem, Central, Rockland, New York, St, Australia, Ma Rainey’s Georgia, Philadelphia, Colonial, British, Alberta, ”, —, Hamilton Lodge, Lenox, Seventh, Morris, Lafayette, Washington, Eighth, Mount Morris, Lenox Avenue, United States, Midtown, Black, Sugar

☆ Is it time to invest in China? Two pros share their views
▼ + stars: | 2024-10-09 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

As investors consider whether — and how — to invest in China, two experts share their views on the market right now. "We believe the scale and focus of these measures, particularly the targeted liquidity injection, address the critical issue of insufficient domestic capital flows into China's stock market. 'China is no longer cheap' Lorraine Tan, director of Asia's equity research at Morningstar, is more cautious looking ahead. "At this point in time, China markets are no longer cheap. Stocks on her radar include "higher quality, moaty names," such as fast-food restaurant chain Yum China Holdings and property developer China Resources Land .

Persons: Jingwei Chen, —, Europe —, Chen, Lorraine Tan, Tan, Stocks, — CNBC's Lim Hui Jie Organizations: National, Reform Commission, CSI, Wall, Wrise Private Singapore, CNBC Pro, Companies, BYD, Tencent Holdings, Morningstar, China Holdings, China Resources Locations: China, Asia, East, Europe, Hong Kong

☆ Chinese travelers trickle back to a Taiwanese island, mere miles from the mainland
▼ + stars: | 2024-10-08 | by ( Jan Camenzind Broomby | Marylou Costa | ) www.cnbc.com time to read: +5 min

All that separates the cafe from mainland China are 6 miles of choppy water and a row of anti-invasion spikes along the beach. A row of anti-invasion spikes line a beach on Kinmen, with the Chinese mainland in the distance. Source: Jan Camenzind BroombyAlthough China claims sovereignty over Taiwan, Chinese tourists were prevented from visiting Taiwan for years. But on Feb. 14, two Chinese citizens were killed during a collision between a Taiwanese Coast Guard boat and a Chinese boat, sparking an escalation of tensions. local business owners have felt the impact of the loss of Chinese tourists, who previously contributed nearly $200 million to Kinmen's annual economy.

Persons: Zhang Zhong, Zhang, Camenzind Broomby, Kinmen, Soldiers, Chen Hua Sheng, weren't, Wu Zeng Yun, Beddy Chang, she's, Wu Zeng Yun —, Wu, Lu Wen Shiung, Lu, Chen Yu Jen Organizations: Kinmen, Taiwanese Coast Guard, Taiwan's Mainland Affairs Council, Matsu Joint Services Center, China's Coast Guard, Chinese Coast Guard Locations: China, Taiwan, Beijing, Kinmen, Kinmen County, Covid, Matsu, Taiwanese

He struggles with the sense that there is “no structure” to his days: “In most professions you can identify progress. Maybe he would come back and settle down with his girlfriend, the young woman he called “the one.”But when Chen learned that Itay was believed to be dead, his frame of mind shifted. It was the night he and his wife learned that their daughter, Liat Beinin Atzili, was free after more than 50 days in captivity. The day after Liat returned home to Israel, the Beinins learned that her husband — Yehuda’s son-in-law — was dead. “We both rejoiced and grieved, practically the same day,” Beinin said.

Persons: ”, Katherine Shear, ” Shear, Chen, Itay, Ruby Chen, “, ” Greg Kahn, NBC News Yehuda Beinin, Liat Beinin, Joe Biden, Liat, — Yehuda’s, —, Aviv Atzili, Nir Oz, Aviv, ” Beinin Organizations: Center, Columbia University, “, NBC News Locations: Israel, Aviv

☆ A former investment banker who changed careers has 3 tips if you're considering switching industries
▼ + stars: | 2024-10-07 | by ( Jaures Yip | ) www.businessinsider.com time to read: +7 min

Angie Chen left investment banking to become a campaign marketer after feeling burned out. AdvertisementOne year after starting her investment banking job, Angie Chen received her bonus. "I used to feel so cool saying I worked in finance, in investment banking, I'm not going to lie," she told Business Insider. Chen, who made content about her investment banking career on TikTok, said that her social media inspired her to consider entering the marketing industry. Network with 'warmer contacts'While cold messaging on LinkedIn is a common strategy, Chen suggested trying to obtain "warmer contacts," or contacts suggested by mutual connections.

Persons: Angie Chen, Chen, —, I'm Organizations: Service, US Bureau of Labor Statistics

Wall Street's top performers are hard workers who tend to work long, intense hours. Business Insider asked its 2024 class of Wall Street stars about how they stay mentally sharp. Here's what we learned about the hacks, habits, and routines that help top talent on Wall Street stay on their game. The routine helps him stay present with his home life as well as work, he added. But I think those two things help me to at least stay recharged and stay ready each day," he said.

Persons: —, Mark Zhu, Craig Kolwicz, Goldman Sachs, Corey White, Nina Gnedin, Blake Cecil, Chi Chen, Robert Sapolsky, Justin Elliott, Read, Palmer Osteen, KKR's, I've, That's, Daniela Cardona, America's White, Ben Carper, it's, there's, Matthew Eid, Holm, Reinhard Dirscherl, Melissa Ding, Wells, Annie Cheslin, she's, Margaret Williams, Morgan Stanley, Williams, Apollo's Austin Anton, Erica Wilson's, deadlifted, Harrison DiGia, Patrick Lenihan, barre, Elizabeth Stone Redding, Stone Redding, Matt Gilbert, Thoma, Gilbert, I'm, Dan, Feroz Khosla, isn't Organizations: Business, Service, Blackstone, Finance, Goldman, of America, Man Group, Productivity, Bridgewater Associates, Bank of America, Fidelity Investments, RBC, Bank, America's, Jefferies, Capital Advisory, Ares Management, Getty, BlackRock, Blue, General Atlantic, JPMorgan Asset Management, TPG, Thoma Bravo, Citadel Securities Locations: Blackstone, Chicago, San Francisco, Coast, Boston, Silicon Valley, New York, I'm, Maldives, he's, Thailand, Central Park

☆ Abe's corporate governance reforms are bearing fruits, says strategist
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAbe's corporate governance reforms from 10 years ago are 'bearing fruit': StrategistDong Chen of Pictet Wealth Management says Japan is no longer facing deflationary pressure and its companies are generating decent earnings.

Persons: Dong Chen Organizations: Pictet Wealth Management Locations: Japan

☆ How China's stimulus could provide a boost to new CEOs at Nike and Starbucks down the line
▼ + stars: | 2024-10-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Brian Niccol and Elliott Hill are taking over Starbucks and Nike , respectively, just as a key market that weighed on their predecessors gets a boost. As China's economic stimulus takes shape, it could end up helping these global brands. Nike and Starbucks in China While the exact plans for Niccol and Hill are still unclear, the Chinese market seems like it will be an area of focus. At Starbucks, the company's leadership team in China has already been reshuffled since Niccol took over in September. Still, a rebound for China's consumer won't necessarily boost sales for Starbucks and Nike without better execution.

Persons: Brian Niccol, Elliott Hill, Hartmut Issel, Niccol, Matthew Friend, Hill, Chen Luo, Ellen Hazen, . Putnam, Hazen, Eric Clark, I'd, it's, Clark, America's Luo, — CNBC's Michael Bloom Organizations: Starbucks, Nike, Bank of America — Nike, UBS, Bank of America, CNBC, Brands, Bank, America's Locations: China, United States, Niccol, .

☆ Leaders from BCG, Infosys, AARP, and more predict how AI will transform top companies in the next 12 months
▼ + stars: | 2024-10-04 | by ( Julia Hood | Tim Paradis | ) www.businessinsider.com time to read: +17 min

During a virtual roundtable, we asked Business Insider's Workforce Innovation board to tell us how AI would transform companies over the next year. How will the most innovative companies be transformed by AI over the next 12 months? Last year, we had an AI challenge across the company, and a huge percentage of our employees participated. There are a lot of different points of view on what AI will and will not do and how quickly. And that the promise we think AI is going to deliver will probably take longer than we think to come to fruition.

Persons: Tim Paradis, Vinod Khosla, Khosla, upskilling, Justina Nixon, Nixon, Saintil, AARP's Marjorie Powell, Powell, Chris Deri, Anant Adya, Marjorie Powell, Alicia Pittman, We've, We're, It's, coder, Maggie Hulce, Salesforce, what's, Chen, we've, Weber, everybody's, Anant, Shane Koller, Tipton Organizations: Sun Microsystems, Weber, IBM, Saintil, Infosys, AARP, Boston Consulting, Clear, Federal Housing Finance, Street Locations: Dreamforce, San Francisco, Tipton

☆ Beyond Novo: Fund manager likes this under-the-radar pharma stock with a weight loss drug in the works
▼ + stars: | 2024-10-04 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

"Maybe that weight loss product (by United Laboratories) works, maybe it doesn't. United Laboratories' price-to-earnings of 5.8 times is a fraction of the 34.3 times that Novo Nordisk is trading at, Peche added. [United Laboratories] is making smooth progress in R & D and targets to launch Liraglutide in 2024. Their comments follow United Laboratories' "faster than expected earnings" growth in the first half of the year. Analysts' average price target on United Laboratories is 12.95 Hong Kong dollars, giving it 28.2% potential upside.

Persons: Sean Peche, it's, Peche, there's, that's, Eli Lilly, Amgen, Carol Dou, Sunny Chen, UOB Kay Hian, bode Organizations: Novo Nordisk, Ranmore Fund Management, United Laboratories, Pfizer, AstraZeneca, Global Equity Fund, Hong, Hong Kong bourse, HK Locations: Hong Kong, Novo, Europe, U.S

It’s been almost a year since she was taken hostage by Hamas — the memories of the Oct. 7 terror attacks remain vivid — and her 55 days trapped in the group's tunnels under the Gaza Strip transformed her. Clockwise from top left: Moran Stela Yanai, Ilana Gritzewsky, Aviva Siegel and Agam Goldstein-Almog. Yam Goldstein-Almog, 20, were killed by Hamas fighters in the safe room of their home in kibbutz Kfar Aza. But before 7 a.m., militants began invading the festival site and she and other festivalgoers fled to hide in nearby trees. And after 54 days in captivity, the day of her release was the longest, she added.

Persons: Ilana Gritzewsky, It’s, ”, Gritzewsky, Nir Oz, Moran, Aviva Siegel, Agam Goldstein, Matan Zangauker, ” Gritzewsky, Almog, Chen Goldstein, Gal, Tal, Nadav Goldstein, Yam Goldstein, Kfar Aza, topsy, ” Goldstein, Leon Neal, Getty, Yanai, festivalgoers, ” Yanai, —, “, ” Aviva Siegel, Keith Siegel, Siegel, Keith, ” Almog Organizations: NBC, Health, Hamas Locations: Gaza, Israel, Kfar, Israel’s

☆ 2 dead as weakened and ‘weird’ Typhoon Krathon slams into Taiwan
▼ + stars: | 2024-10-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

KAOHSIUNG, Taiwan — A weakened and “weird” Typhoon Krathon slammed into southwestern Taiwan on Thursday, hitting the island with a storm that has killed two people so far and forced it to shut down for a second day with hundreds of flights grounded and financial markets closed. Krathon made landfall as a much weaker category 1 typhoon around midday at the major port city of Kaohsiung. All domestic flights were canceled for a second day, as well as 236 international ones. Typhoons often hit Taiwan’s east coast facing the Pacific, but Krathon is unusual in that it directly hit the west coast. Local media labeled it a “weird” storm for that reason, and because of how it hovered off the coast before reaching land.

Persons: Krathon, Kaohsiung Mayor Chen Chi, Liao Shian, ”, Thelma Organizations: Kaohsiung Mayor, Southern, Southern Taiwan Science Locations: KAOHSIUNG, Taiwan, Kaohsiung, Taipei, Southern Taiwan, Pingtung

☆ Top YouTuber MrBeast has acquired a startup that aims to be the LinkedIn for the creator economy
▼ + stars: | 2024-10-03 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +4 min

MrBeast has acquired a startup called Vouch, which aids creators in hiring and job postings. Vouch uses AI for job matching and was backed by VCs like Seven Seven Six and other investors. AdvertisementYouTube's top creator, MrBeast, has expanded his estimated $700 million a year business empire by acquiring the startup Vouch. Pesis brought on Patrick Dudek, also a former Cameo employee, to the Vouch team to help scale the platform. AdvertisementVouch was backed by Seven Seven Six, Liquid 2 Ventures, Shrug Capital, Niche Capital, WorkPlay Ventures, and angel investors including Andreas Klinger and Siqi Chen.

Persons: MrBeast, VCs, —, Marty Pesis, they've, Pesis, Jimmy Donaldson, Donaldson, Safiya Nygaard, Danny Duncan, Goldman Sachs, we're, Kara McCloud, Patrick Dudek, Hayden Hillier, Smith, Andreas Klinger, Siqi Chen Organizations: Service, LinkedIn, YouTube, Business, Stokes Twins, AMP, Cameo, Seven Seven, Shrug, Niche, WorkPlay Ventures

☆ Typhoon Krathon: Two killed as slow moving storm slams into southern Taiwan
▼ + stars: | 2024-10-03 | by ( Chris Lau | Eric Cheung | ) edition.cnn.com time to read: +3 min

With winds of up to 135 kilometers per hour (85 miles per hour), Typhoon Krathon made landfall along southern Taiwan shortly after noon on Thursday, the equivalent of a Category 1 Atlantic hurricane. The other was a 70-year-old man who fell while trimming a tree during the typhoon, according to the center. A man runs amid heavy rain and powerful winds, as Typhoon Krathon makes landfall in the port city of Kaohsiung, Southern Taiwan, on October 3, 2024. Daniel Ceng/Anadolu/Getty ImagesFor several hours before making landfall, Krathon moved slowly along the southern coast. Strong winds knock down trees during Typhoon Krathon in Kaohsiung.

Persons: Krathon, Daniel Ceng, Lai Ching, Chen Chi, “, Liao Shian, ”, Julien Organizations: Taiwan CNN, Emergency Operations Center, Getty, Taiwan, Ministry of Economic Affairs, Taiwan . Schools, AFP, CNA, Getty Images University, Reuters, Philippine News Agency Locations: Taipei, Taiwan, Kaohsiung, Kaohsiung , Southern Taiwan, Anadolu, Philippines, Krathon, Tainan, Stringer

☆ One of Iran's most advanced missiles made an appearance in its massive attack on Israel
▼ + stars: | 2024-10-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Iran said it fired its new Fattah missile during the attack against Israel on Tuesday. The medium-range ballistic missile is one of the most advanced in Iran's arsenal. AFP via Getty ImagesThe Fattah-1 is a medium-range ballistic missile considered one of the most advanced in Iran's arsenal. In April, Iran launched a much larger barrage overall with around 170 attack drones, 30 cruise missiles, and 120 ballistic missiles. Still, some of the Iranian missiles managed to impact on land, although they did not appear to cause significant damage.

Persons: —, Hassan Nasrallah, Ismail Haniyeh, Shaan Shaikh, Farzin, Chen Junqing, Shaikh Organizations: Israel, Service, Islamic Revolutionary Guard Corps, Business, Getty, Missle, Center for Strategic, International Studies, The Washington Institute for Near East, Getty Images, Institute for, AP, American, Iranian Locations: Iran, Tehran, Israel, Iranian, AFP, Jerusalem, Xinhua

☆ Taiwan shuts down as Typhoon Krathon brings torrential rain
▼ + stars: | 2024-10-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

KAOHSIUNG, Taiwan — Taiwan shut down on Wednesday, grounding hundreds of flights and closing schools, offices and financial markets ahead of the arrival of a weakening Typhoon Krathon, with one person reported dead and torrential rain lashing the island’s south. Although the typhoon has weakened, the threats from a storm surge, strong winds and rain remain as it slowly makes its way toward Taiwan’s coast, weather forecasters said. The typhoon would lose power once it hit land, said Kaohsiung Mayor Chen Chi-mai, but would still bring intense winds and rain. Once it hits land, the typhoon could be downgraded into a tropical depression and dissipate, which has happened only once before in Taiwan, in 2001, forecasters said. In Taipei, some malls and shops remained open, with rain only expected later in the day.

Persons: Thelma, Chen Chi, ”, Tommy Wang, Gaemi, Yu Ren, Chou Yi, Power, Chou Organizations: Getty, Central Weather Administration, Apple, Nvidia Locations: KAOHSIUNG, Taiwan, Kaohsiung, Taiwan’s, Hualien, Taipei, Taoyuan, AFP, Tainan, Siaogang

☆ 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

☆ 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

☆ Typhoon Krathon: Taiwan warns of possible ‘catastrophic’ impact ahead of storm landfall
▼ + stars: | 2024-10-01 | by ( Eric Cheung | Robert Shackelford | ) edition.cnn.com time to read: +3 min

Super Typhoon Krathon, equivalent to a Category 4 Atlantic hurricane, is currently situated in the Bashi Channel in the northern part of the Luzon Strait, between Taiwan and the Philippines. As of 11:30 a.m. local time Tuesday, it had winds of 240 kph (150 mph), according to the Joint Typhoon Warning Center (JTWC). The storm, known locally in the Philippines as Julien, has already lashed the country’s northernmost islands, prompting evacuations and severe flooding in coastal communities. Rescuers help residents as they negotiate floods caused by powerful Typhoon Krathon locally called "Typhoon Julian" at Bacarra, Ilocos Norte province, northern Philippines on Monday, September 30, 2024. Krathon is set to be the second typhoon to make landfall on Taiwan this year, after Typhoon Gaemi struck the island in July, killing 11 people.

Persons: Julien, Julian, Bernie Dela Cruz, “, Krathon, Lai Ching, Chen Chi, Sun Li, Typhoon Gaemi Organizations: Taiwan CNN, Super, Typhoon Warning, Philippine News Agency, Central Emergency Operations Center, Weather Administration Locations: Taipei, Taiwan, Philippines, Luzon, Taiwan’s, Kaohsiung, Bacarra, Ilocos Norte, Taiwan’s Hualien

And bitcoin IRAs overall may not be the best way to get exposure to digital assets into your retirement portfolio, he adds. Read on for more on the pros and cons of bitcoin IRAs, and which investors they may make sense for. Self-directed bitcoin IRAs offer many of the same tax benefits as regular IRAs, like tax-deferred growth in traditional IRAs and tax-free withdrawals from Roth IRAs. Supports IRA rollovers, traditional IRAs, Roth IRAs, SEP IRAs, and 401(k)sCheck mark icon A check mark. Supports IRA rollovers, traditional IRAs, Roth IRAs, SEP IRAs, and 401(k)sCheck mark icon A check mark.

Persons: Bitcoin, Rollovers, Roth, bitcoin IRAs, Chris Chen, Read, Chen, Roth IRAs, they've, bitcoin, it's, Bitcoin IRAs Organizations: BitcoinIRA, Insight Financial, IRA, Better, Pew Research, SEC, CFTC Locations: cryptocurrency, U.S, bitcoin

☆ Here's what OpenAI employees are saying about the company's future
▼ + stars: | 2024-09-30 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

OpenAI plans to restructure into a for-profit company, moving away from nonprofit board oversight. Here's what some former and current employees are saying about the latest changes. AdvertisementAfter a whirlwind week for OpenAI, former and current employees are weighing in on the company's path forward. Gretchen Krueger, a former policy researcher at OpenAI, said the company's nonprofit governance structure and cap on profits were part of the reason she joined in 2019 — the year that OpenAI added a for-profit arm. "Those of us at @OpenAI working on o1 find it strange to hear outsiders claim that OpenAI has deprioritized research.

Persons: —, Mira Murati, Barret Zoph, Bob McGrew, Sam Altman, OpenAI, hasn't, Altman, OpenAI's, Jan Leike, Gretchen Krueger, Noam Brown, Brown, Mark Chen, I've, it's Organizations: Service, OpenAI, Italian Tech, Outsiders, o1, Business Locations: Murati

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