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☆ Stock futures inch lower as Wall Street readies for U.S. presidential election: Live updates
▼ + stars: | 2024-11-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures dipped in overnight trading Sunday as investors geared up for the highly-anticipated U.S. presidential election. S&P 500 futures and Nasdsq-100 futures edged lower. Stocks are coming off a strong start to November, with Amazon and big technology stocks boosting the tech-heavy Nasdaq Composite and S&P 500- 0.8% and 0.4%, respectively. Along with the election, Wall Street is bracing for the latest rate decision from the Federal Reserve. Earnings seasons presses on with about a fifth of the S&P 500 slated to report in the coming week.

Persons: —, Donald Trump, Kamala Harris, CFRA Research's Sam Stovall, CNBC's, We've, Jerome Powell, Sarah Min Organizations: Dow Jones Industrial, Amazon, Nasdaq, Dow Jones, NBC, U.S . House, Republican, Democratic, Federal Reserve, Traders, Micro, Moderna, CVS Health, Qualcomm, Wynn Resorts

The Trump campaign and surrogates began filing lawsuits the very same day, challenging the results on a variety of grounds well before the final votes were counted. In Arizona, voters and the Trump campaign filed a lawsuit alleging thousands of people in Maricopa County had their ballots disqualified because of ink-bleed caused by Sharpies. In Wisconsin, Trump filed a lawsuit alleging widespread voter fraud and demanding a recount, which ultimately reaffirmed Joe Biden’s victory in the state. Giuliani has been disbarred in New York and D.C., indicted in Georgia and Arizona and has been ordered to turn over his Manhattan apartment and other property to two Georgia election workers he defamed. And dozens of ethics complaints against local attorneys who filed election challenges are still pending nationwide.

Persons: WASHINGTON —, Donald Trump, Trump, surrogates, Joe Biden’s, Biden, Rudy Giuliani, Sidney Powell, Jenna Ellis, ” Giuliani, ” Powell, Powell’s, Jack, hadn’t, ”, Clarence Thomas, Samuel Alito, ” Thomas, “, Giuliani, Powell, Ellis Organizations: WASHINGTON, Republican, Trump, Electoral, U.S, Supreme, White, Sharpies, Clark, Biden, Washington , D.C Locations: Michigan, Georgia, Pennsylvania, In Arizona, Maricopa County, In Nevada, Clark County, Wisconsin, enjoining, Washington ,, Philadelphia, Venezuela, Cuba, China, United States, Texas, Arizona , Georgia, New York, Arizona, Manhattan

☆ Gen Z is just now discovering Trump's 'Grab 'em' comments on TikTok. Don't let that make you feel old.
▼ + stars: | 2024-11-02 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

Gen Z is apparently discovering Donald Trump's lewd "Grab 'em" comments that came to light in 2016. AdvertisementWant to feel old? Some members of Gen Z are apparently only now discovering Donald Trump's infamous "Grab em …" comments that came during a hot mic moment. (Please, let's agree to never tell Gen Z about "left shark".) Don't let this make you feel old; let it make you wiser.

Persons: Donald Trump's, —, Gen, Kate Sullivan, Trump, Billy Bush, Ron DeSantis, Elon Musk, Dana Carvey's Bush, millennials, let's, youngs, Billie Eilish, Z Organizations: Service, Washington Post, Florida Gov Locations: Ohio, Florida, The Washington, .

☆ Worries about the election could be cutting into some workers' productivity
▼ + stars: | 2024-11-02 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

Anxiety over the US election could be hurting some workers' productivity. One boss is considering letting his employees work remotely in the weeks after the election. She said some workers will be busy hitting refresh on news and social sites, looking for insight into how the election might swing. Yet that doesn't mean being overly indulgent or letting workers focus too long on issues that aren't germane to the business. Despite the widespread election worries, not every indicator signals that the vexing political climate is throwing off most workers.

Persons: —, AJ Gareffa, they've, Gareffa, Macey, Felix Kim, he's, Kim, Gabriella Kellerman, Kellerman, Dorie Clark, That's, Clark, Christine Porath, Chapel Hill's, Porath, Discourtesy, it's, Gartner, hadn't, doesn't, It's Organizations: Service, Business, American Psychological Association, APA, Columbia Business School, University of North, Chapel, Flagler Business School, Human Resource Management Locations: Livonia , Michigan, Detroit, ResumeBuilder.com, New York City, University of North Carolina, Michigan

The handful of Americans who have won $1 million checks from tech billionaire Elon Musk’s super PAC have a few things in common. He said he didn’t know the process the super PAC used to pick his name and didn’t ask. He said he believes Democrats are not ideologically predisposed to sign Musk’s petition in support of the First and Second Amendments. NBC News asked the super PAC to share the process Oct. 22 and did not receive a response. All 14 winners have either recorded videos for Musk’s super PAC, been photographed for the super PAC or both.

Persons: Elon, giveaway’s, Musk’s, Donald Trump, Musk, ” Musk, ”, Kamala Harris, “, Larry Krasner, Krasner, who’s, Ron Conwell, Conwell, you’re, he’s, Jared Polis, Bill Maher’s, ” Polis, “ Elon Organizations: Elon Musk’s, Republican, Trump, Musk’s America PAC, Republicans, Plus, PAC, America PAC, “, NBC News, American PAC, Democrat, Republican Party, Musk’s, Federal, U.S, Constitution, ” Locations: Favor, Philadelphia, Michigan, Pennsylvania, ” Colorado, North Carolina, Arizona , Georgia, Nevada, Wisconsin

Election bets were approved legally just weeks ago, as the 2024 race headed into its home sprint. The ongoing legal wrangling could still lead to a shutdown of U.S. election betting markets, but not until after the 2024 vote. The CFTC permits only U.S. residents to use the newly opened election betting markets, meaning many bettors on the platforms are also potential voters. Nonetheless, Adam Cochran, founder of venture capital fund Cinneamhain Ventures, says he worries about how voters perceive election betting odds. Mansour acknowledged it’s a “fair concern” that the general public might mistakenly see betting odds as the size of a candidate’s lead.

Persons: Donald Trump, Kamala Harris, ” Robinhood, Rostin Behnam, Kalshi, John Aristotle Phillips, Phillips, ”, multibillionaire Trump, Elon Musk, “, ” Harris, Polymarket, bettors, Trump, Harris, Musk, Tarek Mansour, ” Mansour, Adam Cochran, ” Cochran, Mansour, it’s, There’s Organizations: Interactive, Futures Trading Commission, Republican, Democratic, Overseas, Victoria University of Wellington, NBC, Trump, Street Journal, Cinneamhain Ventures Locations: U.S, New Zealand, America

☆ The U.S. has a new strategy for combating foreign election interference, but will it work?
▼ + stars: | 2024-11-01 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +10 min

Last week, a video popped up on social media falsely claiming to show someone ripping up ballots in Bucks County, Pennsylvania. Instead of relying on flagging suspected foreign disinformation posts to social media companies, U.S. authorities are declassifying information about foreign election interference in an unprecedented way, seizing web domains and issuing indictments that have exposed the mechanics of Russian and Iranian information warfare, officials and researchers said. U.S. intelligence officials later said Russian “influence actors” were behind the false story. And social media companies, under intense legal and political pressure from Republican critics, have scaled back or scrapped teams in recent years that used to take down inflammatory or conspiratorial content. The combination of homegrown falsehoods about “stolen” election conspiracies, surging foreign disinformation campaigns and a laissez-faire approach by tech firms threatens to undermine the foundations of American democracy, experts and lawmakers said.

Persons: “, ”, Paul Kolbe, ” Kolbe, haven’t, Biden, Yuri Kadobnov, Donald Trump’s, Matthew Olsen, — we’ve, Bret Schafer, ” Schafer, Esteban Ponce de, Tim Walz, Walz, Trump, Kathleen Hall Jamieson, ” Jamieson Organizations: FBI, Justice Department, Central Eurasia, CIA, Media, Russia, Getty, Kremlin, Alliance, Securing Democracy, NBC, Atlantic Council, Forensic Research, Democratic, Gallup, Republican, Democracies, University of Pennsylvania’s Annenberg School for Communication Locations: Bucks County , Pennsylvania, Russia, Iran, China, Cuba, Moscow, Tehran, Tennessee, United States, AFP, Esteban Ponce de León, Pennsylvania, Minnesota, Russian, Vietnam

☆ Treasury yields rise as investors look to key jobs data
▼ + stars: | 2024-11-01 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by over one basis point to 4.2947%. The 2-year Treasury yield was last trading at 4.1806% after rising by more than one basis point. U.S. Treasury yields were higher on Friday as investors awaited the all-important October jobs report and digested key economic data released throughout the week. Investors weighed a series of key economic reports published throughout the week, including Thursday's personal consumption expenditures price index, the Federal Reserve's favored inflation gauge. It is also some of the last key economic data before the U.S. election next week.

Persons: Dow Jones, nonfarm payrolls, payrolls Organizations: Treasury, Federal, PCE, Fed, Bureau of Labor Statistics

☆ Dozens of Goldman Sachs executives are about the get the call of a lifetime
▼ + stars: | 2024-11-01 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

Goldman Sachs is gearing up to name a new class of partners. AdvertisementAs soon as next week, several dozen Goldman Sachs employees will receive the honor of a lifetime: Being named a partner of the prestigious Wall Street bank. Advertisement"Making partner at Goldman Sachs is a rigorous and competitive process," Goldman spokesperson Tony Fratto said in a statement. They can also help direct the bank's philanthropic spending through Goldman Sachs Gives, which the company says has granted $2.5 billion to more than 10,000 nonprofits. Are you a Goldman Sachs insider?

Persons: Goldman Sachs, —, Goldman, David Solomon, Paul Argenti, Morgan Stanley, Tony Fratto, you've, I've, gravitas Goldman, Argenti, they've, Solomon, dealmaking, Goldman's, Russell Horwitz, Reed Alexander Organizations: Service, Dartmouth College, Citigroup, Bank of America, Goldman, Financial, Partners, Reading, BI Locations: New York, London

☆ Dozens of Goldman Sachs executives are about to get the call of a lifetime
▼ + stars: | 2024-11-01 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Goldman Sachs is gearing up to name a new class of partners. AdvertisementAs soon as next week, several dozen Goldman Sachs employees will receive the honor of a lifetime: being named a partner at the prestigious Wall Street bank. "Making partner at Goldman Sachs is a rigorous and competitive process," Tony Fratto, Goldman's head of communications, said in a statement. They can also help direct the bank's philanthropic spending through Goldman Sachs Gives, which the company says has granted $2.5 billion to more than 10,000 nonprofits. Are you a Goldman Sachs insider?

Persons: Goldman Sachs, —, Goldman, David Solomon, Paul Argenti, Morgan Stanley, Tony Fratto, you've, I've, gravitas Goldman, Argenti, they've, Solomon, dealmaking, Goldman's, Russell Horwitz, Reed Alexander Organizations: Service, CNBC, Dartmouth College, Citigroup, Bank of America, Partners, Goldman, Financial, Reading, Investment, BI Locations: New York, London

☆ Election next week holds big implications for stock market, especially the control of Congress
▼ + stars: | 2024-11-01 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

But the true implications for investors monitoring the election may lie in which party controls Congress, rather than who will sit in the White House. .SPX YTD mountain S & P 500 The importance of whichever party controls Congress was highlighted by Trump's recent trips outside battleground states such as New Mexico , a state that hasn't voted for a GOP presidential nominee in roughly 20 years. On the other hand, Evercore ISI's Emanuel expects a Harris victory, with a Democratic sweep of Congress, could result in the S & P 500 falling to roughly 5,700. The S & P 500 slid 1%, while the Nasdaq dipped 0.5%. Earnings season continues with about 100 S & P 500 companies confirmed to report.

Persons: Donald Trump, Kamala Harris, Trump, Nanette Abuhoff Jacobson, I'm, Abuhoff Jacobson, hasn't, Brian Burrell, Jay Hatfield, Harris, Hatfield, Evercore ISI's Julian Emanuel, Evercore ISI's Emanuel, Jerome Powell's, Ralph Lauren, Warner, Alex Harring Organizations: NBC, Congress, House, Democratic, Republican, Hartford Investments, GOP, Thornburg Investment Management, Infrastructure Capital Advisors, Senate, Wednesday, Regional Banking, Treasury, Federal Reserve, Dow Jones, Nasdaq, National, Marriott International, Diamondback Energy, Wynn Resorts, Palantir Technologies, NXP Semiconductors, PMI, PMI Services, Services PMI, Petroleum, Brands, Technology, Computer, CVS, Howmet Aerospace, Gilead Sciences, Labor, Consumer, Moderna, Molson Coors Beverage, Halliburton, Hershey Co, Warner Bros, Expedia, Akamai Technologies, Paramount Locations: New Mexico, Albuquerque, Santa Fe , New Mexico, Hartford, Albemarle, Qualcomm, Michigan

☆ Special counsel Jack Smith’s office is bracing for retribution if Trump wins
▼ + stars: | 2024-11-01 | by ( Katelyn | ) edition.cnn.com time to read: +8 min

CNN —One year after bringing historic indictments against former President Donald Trump, the prosecutors left in special counsel Jack Smith’s office are gaming out legal options and bracing for retribution if Trump returns to the White House. In the event that Trump wins, staffers detailed to the special counsel’s office would have the option to go back to their home divisions within the Justice Department. But former prosecutors on the Trump case could face a difficult workplace, once Trump’s appointees are running the department. If Vice President Kamala Harris wins, the choices for the department and the special counsel’s office may be much simpler. “Just think of the chaos of it all – that, he [Trump] would love,” one of the former Justice Department officials said.

Persons: Donald Trump, Jack Smith’s, Trump, Smith, ”, “ He’s, I’m, Aileen Cannon’s, Smith didn’t, Cannon, David Raskin, Matt Olsen, —, Smith’s, Kamala Harris, General Merrick Garland, Tanya Chutkan, Chutkan, CNN’s Evan Perez Organizations: CNN, Justice, Justice Department’s, Trump, Justice Department, Trump’s, Smith’s, Democratic, Department, DOJ, Prosecutors Locations: Florida, Washington

☆ Microsoft's new AI CEO rolled out his first big product update. Some staff and users say the previous version was better.
▼ + stars: | 2024-10-31 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +6 min

It was is the first major release from Microsoft's new consumer AI org, under Mustafa Suleyman. It was the first major product release from Mustafa Suleyman's new Microsoft AI group, and it's had a mixed reception so far. AdvertisementHigh expectationsMicrosoft hired Suleyman in March to oversee consumer AI products such as the Bing search engine and the Copilot AI chatbot . For instance, Suleyman's consumer Copilot app is separate from an AI Copilot tool that Microsoft offers as part of its M365 suite of business software. User feedbackIn the public App Store reviews, users complained about several specific issues that have arisen since the consumer AI Copilot app was updated Oct. 1.

Persons: Mustafa Suleyman, —, Mustafa Suleyman's, it's, Suleyman, Susanne Franz, Divya Kumar, Kumar Organizations: Microsoft, Service, Business, Copilot

☆ A professional declutterer charges $125 an hour to help her boomer clients downsize. She says their kids often don't want their junk.
▼ + stars: | 2024-10-31 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

Carol Applebaum charges $125 an hour and helps her older clients downsize. "It'll be perfect for when she has a baby girl of her own," the woman told Applebaum. "Many parents long to pass down cherished possessions to their children, hoping to preserve family history and memories," Applebaum told Business Insider. If they gave into their guilt, the children felt obliged to take stuff they neither liked nor had room for. Applebaum, who charges $125 an hour for her services, said she is in an optimal position to understand all parties.

Persons: Carol Applebaum, —, Applebaum, they'd, Appelbaum, didn't, They're, they'll, they're, Applebaum decluttering, They'd, " Applebaum Organizations: Service, Boy Scout, Business Locations: New York City, Houston

☆ Intel employees face 'setbacks' as the company slashes staff, pay, and perks
▼ + stars: | 2024-10-31 | by ( Emma Cosgrove | Helen Li | ) www.businessinsider.com time to read: +9 min

Some Intel employees received pay cuts in 2023 to reduce costs and avoid layoffs. Intel announced layoffs this year, affecting employees' promised stock bonuses. Intel employees left frustrated comments underneath the FAQs on the company's internal network, two departing workers said. An Intel employee would be eligible for a four-week sabbatical after every four years of work or eight weeks after seven years. Intel employees who joined the company before it closed its pension plan to new entries in 2011 still get payouts.

Persons: —, Pat Gelsinger, Gelsinger, Gelsinger's, unvested RSUs, we're, Emma Cosgrove Organizations: Intel, Service, Nvidia, AMD, BI, Oregon Intel, Employees, SEC, Microsoft, Qualcomm, Tech, ecosgrove Locations: Oregon, Arizona , California

A recent court filing included six decks MrBeast's team made to pitch brands like GM, Ford, and LG. As in most media pitches, MrBeast's team focused on his audience demographics, scale, and splashy content to woo brands. In each deck, MrBeast's team shared metrics like subscriber and follower counts, monthly views, and unique viewers to showcase the scale of his YouTube empire. Advertisement"The Next Generation Is Not Watching TV," the MrBeast team wrote in many of the pitches. Keep reading for more details from MrBeast's pitch deck for General Motors, dated February 2023.

Persons: —, Burger, MrBeast, Jimmy Donaldson, Jeffrey Housenbold, Mario, Donaldson, he'll Organizations: GM, Ford, LG, Service, General Motors, Walmart, Mario Bros, Verizon, Amazon's, Entertainment Locations: CarMax, Hollywood

☆ What Wall Street expects from Amazon, Apple earnings after the bell
▼ + stars: | 2024-10-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Wall Street faces another key litmus test Thursday with results from megacap technology giants Apple and Amazon . For Apple, Wall Street also wants to see its latest iPhone pick up steam, and investors seek more insight into when the company's AI initiative will begin lifting sales. For Apple, Wall Street expects EPS of $1.60 on $94.58 billion in revenue. Amazon's retail business also remains top of mind for Wall Street ahead of the busy holding shopping period. Apple For Apple, Wall Street is eagerly searching for signs of strong demand for its latest iPhone model and updates on its AI strategy.

Persons: Jason Helfstein, Brent Thill, Bank of America's Justin Post, Doug Anmuth, Goldman Sachs, Eric Sheridan, Ronald Josey, Morgan Stanley, Erik Woodring, Jefferies, Edison Lee, Samik Chatterjee, Davidson's Gil Luria, Wamsi Mohan, Tim Long, AAPL, Long Organizations: Apple, Nasdaq, Microsoft, Wall, LSEG, Amazon, StreetAccount, Jefferies, Bank of America's, Apple Intelligence, " Bank of America, Barclays Locations: Amazon

☆ Microsoft discloses equity investment in OpenAI for the first time, SEC filing shows
▼ + stars: | 2024-10-30 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +4 min

Microsoft disclosed equity investment in OpenAI for the first time, SEC filings show. AdvertisementMicrosoft disclosed an equity investment in OpenAI for the first time, according to its latest SEC filings. "We have an investment in OpenAI Global, LLC ("OpenAI") and have made total funding commitments of $13 billion," Microsoft wrote in the SEC filing on Wednesday. In previous SEC filings, Microsoft described the nature of its relationship with OpenAI as a partnership rather than an equity investment. "Going from 'partnership' to 'equity method investment' disclosure, including that losses are being recorded for their share, is a big change," McKenna added.

Persons: OpenAI, —, Francine McKenna, McKenna, Amy Hood, Copilot Organizations: Microsoft, SEC, Service, OpenAI, supercomputing Locations: OpenAI

☆ Read the letter sent to AWS CEO Matt Garman, signed by 500 employees, protesting his RTO comments
▼ + stars: | 2024-10-30 | by ( Jyoti Mann | Ashley Stewart | ) www.businessinsider.com time to read: +13 min

AWS CEO Matt Garman has been sent a letter from employees protesting his pro-RTO comments. Over 500 employees have signed a letter, sent on Wednesday, urging Garman to reconsider the plans. AdvertisementAmazon Web Services CEO Matt Garman is facing backlash from some employees over his comments about its return-to-office policy, according to an open letter obtained by Business Insider. The policy is stricter than at Amazon's peer companies and, by some accounts, stricter than Amazon's office work policy before the pandemic. The letter has been signed by 523 staff from Amazon and AWS, with 172 of those including their names.

Persons: Matt Garman, Garman, —, Matt doesn't, Elizabeth Rutledge, Garman's, Andy Jassy, Margaret Callahan, we're, Amazon's, Jyoti Mann, Ashley Stewart Organizations: Service, Web, Business, AWS, BI, American Express, Amazon Locations: jyotimann

☆ North Korea likely to ask for nuclear technology from Russia in exchange for troops, South Korea says
▼ + stars: | 2024-10-30 | by ( Natasha Bertrand | ) edition.cnn.com time to read: +4 min

North Korea will likely request Russian technology transfers relating to tactical nuclear weapons, the advancement of North Korean intercontinental ballistic missiles, reconnaissance satellites and nuclear submarines, Kim said, speaking through a translator alongside Defense Secretary Lloyd Austin. The US independently confirmed for the first time last week that thousands of North Korean troops had been sent to Russia for military training. A small number of North Korean troops are already in Ukraine, CNN reported on Tuesday, and officials are growing increasingly concerned that the forces will enter into combat alongside Russian troops. “The evidence now suggests that North Korea has sent around 10,000 soldiers to train in eastern Russia,” Austin said on Wednesday. But he did say that South Korean military analysts could be deployed to observe the North Koreans fighting the Russians to gain more insight into North Korea’s military readiness.

Persons: ”, Kim Yong Hyun, Kim, Lloyd Austin, ” Austin, Austin, “, ” Kim, ” CNN’s Haley Britzky, Michael Conte Organizations: CNN, South Korean Defense, Pentagon, North Korean, NATO, Russian, DPRK, Intelligence, South, Korean, Koreans Locations: North Korea, ” Moscow, Russia, Ukraine, Korea, Russian, Iran, Moscow, Tehran, South Korea, Koreans, Republic of Korea

Define your real estate goalsWhat are you looking to gain from real estate investing, and what risks are you willing to take? REITs (real estate investment trusts)One of the best ways to start investing in real estate as a beginner is with a real estate investment trust (REIT). Real estate limited partnershipsA real estate limited partnership (RELP) provides investors with a diversified portfolio of real estate investment opportunities. Other notable real estate books worth checking out include:"The Warren Buffet Way" By Robert G. Hagstrom"The Real Estate Investor's Guide to Flipping Houses" By J. Scott"The Intelligent Investor" By Benjamin GrahamLocal real estate investment clubsConnecting with local real estate investment enthusiasts can be a great way to engage with the real estate community and expand your knowledge. FAQs about real estate investing for beginnersHow much money do I need to start investing in real estate?

Persons: Dana Bull, Chad Carson, CoachCarson.com, Equity REITs, Richard Ratner, Ratner, Bull, —, Brandon Turner, Insider's, Robert G, Scott, Benjamin Graham Organizations: Dana Bull Real Estate Consulting, Equity, Publicly, Bel Air Investment Advisors, Property, Resources, Beginners, Benjamin Graham Local Locations: Chevron, REITs

☆ Gen Z turns to TikTok to find the perfect school. Some college students are cashing in.
▼ + stars: | 2024-10-30 | by ( Erin Liam | ) www.businessinsider.com time to read: +11 min

Gen Zs have found a more authentic resource when researching colleges: college content creators. College content creators give study advice and post snippets of day-to-day school life on TikTok. Helaine ZhaoThe rise of college content creatorsAs of October 29, there were 2.3 million TikTok videos under the hashtag "college life." The popularity of college content on TikTok has introduced a slew of content creators covering their school life. AdvertisementAt the same time, college content can also change how prospective students view a college for the worst, Greg Kaplan, a college advisor, said.

Persons: Zs, —, Ryan Fuhrman's, TikTok, Z, Zers, Helaine Zhao, Zhao, Elise Pham, Pham, Lillian Zhang, UC Berkeley vlogs, Zhang, I've, Lucie Vágnerová, Greg Kaplan, Kaplan, Ryan Fuhrman, Fuhrman, Franklin Antonio, Franklin Antonio Hall — Organizations: Service, New York University, University of California, University of Southern, Google, Harvard, Stanford, Yale, Ultimate Ivy League, University of California Berkeley, UC Berkeley, Big Tech, BKT Education, Kaplan Educational, UCSD, NYU, USC, California State University, Franklin, Franklin Antonio Hall Locations: NYU, University of Southern California, Berkeley, Brooklyn, Fuhrman, San Diego, San Jose, La Jolla

☆ Microsoft hints at a big change to its OpenAI investments in a new SEC filing
▼ + stars: | 2024-10-30 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Microsoft disclosed an equity investment in OpenAI for the first time, SEC filings show. "We have an investment in OpenAI Global, LLC ("OpenAI") and have made total funding commitments of $13 billion," Microsoft wrote in the SEC filing on Wednesday. Related storiesIn a previous SEC filing, Microsoft described the nature of its relationship with OpenAI as a partnership rather than an equity investment. "We have a long-term partnership with OpenAI, a leading AI research and deployment company," Microsoft wrote in its annual SEC filing from late July. In the July filing, Microsoft listed OpenAI as a competitor for the first time.

Persons: OpenAI, —, Francine McKenna, Sam Altman, McKenna, Microsoft's, Copilot Organizations: Microsoft, SEC, Service, OpenAI, supercomputing Locations: OpenAI

☆ Polymarket's pro-Trump election predictions aren't so surprising when you look at the rest of the site
▼ + stars: | 2024-10-30 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

The betting site Polymarket has emerged as a hot topic in the 2024 presidential race. Wagers in its pop culture section show the bro-y vibe of the site: Zyn, Andrew Tate, and Hawk Tuah. Let's look at some of the wagers:Will Trump say "skibidi" before the election? Will Donald Trump say "mog" in 2024? AdvertisementFor the record, I think the odds that Trump will say "skibidi" before the election are way too low.

Persons: Trump, Andrew Tate, Hawk, —, Will Trump, Will Kamala Harris, Joe Rogan's, Will Donald Trump, Roaring Kitty, Logan Paul, Max Read, Joe Rogan, Gen Z'ers, MAGA, Theo Von, Adin Ross, Taylor Swift, Travis Kelce, Shayne Coplan, There's, Polymarket, haven't, I'm, who's, John Herrman, McDonald's Organizations: Service, Trump, New, New York Magazine, Harris, Dodgers, Yankees Locations: MrBeast

☆ Here is the letter from Caroline Ellison’s parents to Judge Kaplan.
▼ + stars: | 2024-10-30 | by ( ) www.nytimes.com time to read: +4 min

I can offer some firsthand observations on Caroline's state of mind in the immediate aftermath of the FTX collapse. But in that conversation, she just could not stop crying, saying multiple times that she "knew". At that point, she set up a makeshift home office and started having multiple calls with the new FTX management. At times, this strength of hers has been critical to our family, especially my wife, as Caroline has helped reassure us. Although Caroline would have liked to have had more success in her post-collapse job search, she has enjoyed the volunteer activities she's

Persons: Sam, they'd, Caroline, she'd Locations: FTX, Bahamas, Alameda, Hong Kong

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