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☆ Stocks making the biggest moves premarket: American Express, Procter & Gamble, Netflix, CVS Health and more
▼ + stars: | 2024-10-18 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +4 min

The household goods maker posted $21.74 billion in revenue while analysts polled by LSEG had estimated $21.91 billion. WD-40 — The maintenance product maker's shares fell 4% after a disappointing fiscal fourth-quarter earnings report. Despite posting a top-line beat of $823 million in revenue versus LSEG analysts' estimates for $808 million, net interest income fell 3% in the third-quarter. Revenue of $9.16 billion fell below the $9.25 billion LSEG consensus forecast. Ally Financial – The digital bank stock fell nearly 1% despite earnings beating analysts' estimates in the third quarter.

Persons: Gamble, LSEG, David Joyner, Karen Lynch, B.Riley, SLB, Schlumberger, FactSet, — CNBC's Pia Singh, Sarah Min, Jesse Pound, Michelle Fox Organizations: Procter, Netflix, CVS, FactSet, Western Alliance Bancorp, Apple, Bloomberg, Crown Holdings, Holdings, Comerica Locations: China

☆ A man who started CrossFit in his 80s now does 100 push-ups a day
▼ + stars: | 2024-10-18 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +5 min

He does 100 push-ups and also planks six days a week, and his doctor told him to keep going. AdvertisementJim Dreeben has always been active, but it wasn't until he was in his 80s that he took up CrossFit. Dreeben, a retiree in Riverhead, New York, now does weekly CrossFit sessions and 100 push-ups six days a week, he told Business Insider. Dreeben does CrossFit with people half his ageDreeben was an active kid, and as a teen he did shotput, wrestling, and general workouts. He loves telling people he does CrossFit because it raises eyebrows.

Persons: Jim Dreeben, —, Dreeben, didn't, CrossFit, hasn't, he's, It's Organizations: Service, Dreeben Locations: Riverhead , New York, Long Island, New York City

☆ Netflix earnings beat expectations. Here's what analysts are saying
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Analysts are getting even more bullish on Netflix following its earnings beat for the third quarter . Here is what other firms are saying: Pivotal Research keeps buy rating on stock The firm raised its price target to $925, a Street high. Bernstein reiterates its market perform rating The firm increased its price target to $780 from $625. Bank of America reiterates its buy rating The bank increased its price target to $800 from $740. 3Q results were generally ahead (OI 5% higher) while commentary pointed to sustained double-digit revenue growth and margin expansion in 2025."

Persons: Doug Anmuth, Anmuth, Morgan Stanley, Benjamin Swinburne, Bernstein, Goldman Sachs, NFLX Organizations: Netflix, JPMorgan, WWE, NFL, of America, Gaming, UBS, 3Q

☆ Anna Kendrick on Her Movie Roles: 'Twilight,' 'Pitch Perfect,' 'a Simple Favor'
▼ + stars: | 2024-10-18 | by ( Olivia Singh | ) www.businessinsider.com time to read: +13 min

It's the exact kind of self-deprecating candor Kendrick is known for, with her scene-stealing turns in movies like the "Twilight" series and the "Pitch Perfect" films. On being a 'bystander' to the 'Twilight' pop culture phenomenonAnna Kendrick as Jessica Stanley in "The Twilight Saga: Breaking Dawn — Part 1." Summit EntertainmentIt's been 16 years since the first "Twilight" movie came out. On the 'Simple Favor' sequel having even more plot twists than the first filmAnna Kendrick as Stephanie Smothers in "A Simple Favor." AdvertisementBut yeah, that Shondaland, they're really excellent at keeping you absolutely hooked in because even if something terrible happens, it's like, I can't look away.

Persons: Anna Kendrick, Kendrick, candor Kendrick, Paul, Alice, Darling, Sheryl, they're, Rodney Alcala, Alcala, Cheryl Bradshaw, she's, Jessica Stanley, —, It's, George Clooney's, Rebel Wilson, Amy, Universal Pictures George Clooney, George, Anna Camp, Elizabeth Banks, They're, that's, Meryl Streep, Chris Pine, Meryl, Clooney, Stephanie Smothers, I'd, John Schwartzman, I'm, Claudia Jessie, Eloise Bridgerton, Liam Daniel, John Krasinski, John, Goddammit Krasinski Organizations: Air, Universal Pictures, Lionsgate, Netflix Locations: Hollywood, I'm

☆ CNBC Daily Open: China posts better-than-expected economic data
▼ + stars: | 2024-10-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Better-than-expected growth for ChinaChina's third-quarter gross domestic product expanded by 4.6% year on year, according to the National Bureau of Statistics. Chinese and U.S. retail sales going strongChina's retail sales for September grew 3.2% from a year ago, said the National Bureau of Statistics. Across the Pacific Ocean, retail sales in the U.S. rose a seasonally adjusted 0.4% for September.

Persons: Dow Jones, Pat Gelsinger, Altera Organizations: CNBC, China, National Bureau of Statistics, Dow, Dow Jones, Nasdaq, Intel, U.S . Federal Reserve Locations: U.S, Asia, Pacific, Shanghai

☆ The death of Yahya Sinwar is a 'big achievement for Israel': Nimrod Goren
▼ + stars: | 2024-10-18 | 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 EmailThe death of Yahya Sinwar is a 'big achievement for Israel': Nimrod GorenNimrod Goren, senior fellow for Israeli affairs at the Middle East Institute, discusses the killing of Hamas leader Yahya Sinwar, the architect of last year’s Oct. 7 attack.

Persons: Yahya Sinwar, Israel, Nimrod Goren Nimrod Goren Organizations: Middle East Institute

☆ CD, Checking, and Savings Rates Today: Maximize Your Returns
▼ + stars: | 2024-10-18 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Featured High Interest Checking Account Offers Compare checking accounts that offer high APYs, rewards on debit card purchases, or both. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. A checking account is like a hub for your money: If your paycheck is direct deposited, it's typically to a checking account. A savings account often limits the number of monthly transfers, while a checking account doesn't. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: APYs, —, Cash, we've Organizations: Federal Reserve, Cash Locations: —

CNN —Texas death row inmate Robert Roberson sat praying in a cell Thursday night, just feet from the execution chamber where he was set to die by lethal injection for the “shaken baby” death of his toddler. Just over 90 minutes before Roberson’s execution was set to begin, the House committee was able to secure a temporary restraining order against the state, pausing the execution. Roberson’s case is called into questionAdvocates for Roberson insist the diagnosis that his daughter died from shaken baby syndrome is inaccurate and has been discredited. Shaken baby syndrome is accepted as a valid diagnosis by the American Academy of Pediatrics and supported by child abuse pediatricians who spoke with CNN. Since 1992, courts in at least 17 states and the US Army have exonerated 32 people convicted in shaken baby syndrome cases, according to the National Registry of Exonerations.

Persons: Robert Roberson, Nikki, Roberson, God, “, ”, Amanda Hernandez, Robert Roberson –, Gretchen Sween, Joe Moody, Jeff Leach, Jennifer Roberson, Robert, “ It’s, Brian Wharton, Wharton, ” Wharton, “ We’ve, ” Roberson, –, Moody, Leach, Greg Abbott, Ken Paxton, pediatricians, Nikki Curtis, Nikki “, Dr, Sandeep Narang, Antoinette Laskey Organizations: CNN, Texas Supreme, Texas House, Texas Department, Criminal, Texas, US, Appeals, Criminal Justice, Division, Texans, Huntsville Unit, Texas Capitol, Texas Gov, American Academy of Pediatrics, US Army, National Registry, American Academy of Pediatrics ’, Child Locations: Texas, Palestine , Texas

☆ The Wrap-Up for Friday October 18
▼ + stars: | 2024-10-18 | 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 EmailThe Wrap-Up for Friday October 18The top headlines that could drive today's trading.

☆ Here's what Wall Street money managers are doing to prepare their portfolios for their 3 biggest election concerns
▼ + stars: | 2024-10-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

As election day draws near, 400 Wall Street money managers identified their top concerns. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Policy initiatives could have a significant impact on the economy, especially on issues concerning inflation, the housing market, employment, and international trade. Investors can benefit from both parties: Republicans would likely pass investor-friendly tax and energy policy, while Democrats would pass more favorable US-China and trade policy. AdvertisementHere's what Wall Street is worried about this election cycle and how top money managers are preparing their portfolios for November.

Persons: —, Kamala Harris, Donald Trump, PGIM, Wall, Kara Murphy, –, isn't, Murphy, Trump, Harris, we've Organizations: Service, Republican, White House, Congress, Investors, Kestra Investment Management, Social Security, Biden, Research, Senate, Democrat Locations: China, Latin America, Southeast Asia, deglobalization

☆ Want to earn more on your cash? This account offers the best return, says financial planner
▼ + stars: | 2024-10-18 | by ( Mike Winters | ) www.cnbc.com time to read: 1 min

Even though the Federal Reserve has begun cutting interest rates, it's still possible to lock in a competitive rate on a certificate of deposit. That means you could earn $400 to $500 on a $10,000 deposit in one year with a CD, compared with just $57 with a savings account. That's about the best interest rate you can find without investing the money, which carries a higher degree of risk. However, with a CD, the trade-off for a good interest rate is that your money is locked in for a set term of several months or years. "CDs are a great place for your cash if you don't need the money for a specific amount of time," says Jeremy Keil, a certified financial planner in Wisconsin.

Persons: Jeremy Keil Organizations: Federal Reserve Locations: Wisconsin

☆ Intel seeks billions for minority stake in Altera business, sources say
▼ + stars: | 2024-10-18 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Intel is looking for a deal that values Altera at around $17 billion, said the people, who requested anonymity to speak freely about confidential information. Following a steep drop in its stock price and extended stretch of market share losses, Intel has been looking to make drastic changes. The company made overtures to a number of private equity and strategic investors this week about Altera, the sources said. Intel has expressed to some of those investors that it would be possible to acquire a majority stake in the business. Intel has previously said it could look to monetize Altera business through an IPO, possibly as soon as 2026.

Persons: Pat Gelsinger, Gelsinger Organizations: Intel Corporation, Senate Commerce, Science, Innovation, Russell, Intel, Qualcomm, Nvidia, Devices

☆ I became the breadwinner when my family moved to France. I feel like I've done my husband the biggest favor ever.
▼ + stars: | 2024-10-18 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

Karen Kissane left her job, started a coaching business, and moved her family to France. Had this not happened, my family wouldn't be in France now. I feel like I've done my husband the biggest favor everOur roles swapped when we moved to France. It's great we could make this swap, effectively taking turns, as I did this before when he was a partner in a business working long hours. AdvertisementMoving to France helped my coaching business take offI didn't need a special business visa for France because we moved before Brexit.

Persons: Karen Kissane, Kissane, —, wouldn't, It's, we'd, they'd, they're, I've, we've, Lauryn Haas Organizations: Service, Space, lhaas Locations: France, Northamptonshire, Cognac, French, British

☆ The Girl Scouts could soon triple membership fees
▼ + stars: | 2024-10-18 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +5 min

CNN —The Girl Scouts of the USA plans to raise prices, but not for their famous cookies. Membership dues are the Girl Scout’s largest source of revenue, generating $38 million in 2023 from its nearly 2 million total members. You are going to run yourselves out of business.”Bertram was a Girl Scout herself, just like every girl in her family. Part of the problem is that Girl Scout membership has fallen in recent years, leadership said in a video to members in September. GSUSA will continue to provide financial aid to “reduce barriers” to any girl who wants to be a Girl Scout, a spokesperson said.

Persons: ”, “, Sally Bertram, ” Bertram, Bertram, it’s, Diane Tipton, Bonnie Barczykowski, Bertran, ” Bertran, we’re, ” Tipton, Kelly Goldsmith, Goldsmith, GSUSA, can’t Organizations: CNN, The Girl Scouts, USA, Girl Scouts, Girl Scouts of, Girl Scout, National Council, Boy Scouts, Vanderbilt University, Scout Locations: Girl Scouts of Western Ohio, Tennessee, New York City

☆ Oil edges up, but on track for biggest weekly loss in over a month
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: +2 min

Crude oil futures inched higher on Friday, supported by a surprise drop in U.S. oil inventories and simmering Middle East tensions, but prices were headed for their biggest weekly loss in more than a month on worries of lower demand. Both contracts settled higher on Thursday for the first time in five sessions after data from the Energy Information Administration showed that U.S. crude oil, gasoline and distillate inventories fell last week. "Speculative positioning across the ICE Brent complex strengthened from historically low levels, on heightened geopolitical risk of a potential Israeli strike on Iran's oil infrastructure," Citi analysts said in a note. Citi expects global oil demand to slow to 900,000 bpd in 2025 from 1 million bpd this year on an economic slowdown and as more electric vehicles hit the road. The "potential impact of China's emerging economic stimulus plans on oil demand is uncertain, and more robust support may only result in a limited boost," it added.

Persons: Brent, WTI Organizations: Brent, West Texas, Energy, Administration, of, Petroleum, International Energy Agency, ICE, Citi Locations: San Joaquin Valley, McKittrick , California, OPEC, Israel, Iran

☆ Intel is seeking an investor for a stake in its Altera chip unit, CNBC reports
▼ + stars: | 2024-10-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Intel is looking for an investor to acquire a stake in its Altera subsidiary, CNBC reported. Intel is facing challenges in its business at a time when the US is seeking to revitalize its chip industry. AdvertisementTech giant Intel is seeking an investor for a stake in its Altera subsidiary, CNBC reported late Thursday, citing people familiar with the matter. The news comes as US chip giant Intel faces troubles just as Washington is seeking to revitalize the country's chip industry for national security reasons. Dutch equipment maker ASML and Taiwanese chip giant TSMC both reported quarterly earnings that showed AI chip growth in the short to medium term.

Persons: —, Joe Biden, Biden, Pat Gelsinger, Gelsinger Organizations: Intel, CNBC, Service, Tech, Street, Qualcomm, Business Insider Locations: Altera, Washington

☆ Smith: Israel is in a war... that could be huge for the energy markets.
▼ + stars: | 2024-10-18 | 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 EmailSmith: Israel is in a war... that could be huge for the energy markets. Mark Smith, Wells Fargo Advisors SVP, emphasizes "geopolitical risk" as the word of the day, particularly in relation to the upcoming election and its impact on the energy sector.

Persons: Israel, Mark Smith Organizations: Smith, Wells, Wells Fargo Advisors Locations: Wells Fargo

☆ King Charles visits Australia as the country puts its republic debate on hold
▼ + stars: | 2024-10-18 | by ( Hilary Whiteman | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +8 min

Lesley Kerl met King Charles in Sydney during his last trip to Australia in April 2018. Pool via Nine NewsAfter Australia, King Charles will head to Samoa to join world leaders at the biennial Commonwealth Heads of Government Meeting (CHOGM), his first as head of the organization. “We’d love to wave goodbye to royal reign,” Nathan Hansford, co-chair of the Australian Republic Movement, told Reuters. The Australian Republic Movement launched a "farewell Oz tour" for King Charles ahead of his visit. He seems to have put that on hold to come out to Australia, as part of the Commonwealth,” McArthur said.

Persons: Australia CNN —, Charles, Camilla, Lesley Kerl, Kerl, King, “, ”, King Charles, there’ll, –, ” Nathan Hansford, Bev McArthur, ” McArthur, She’s, McArthur, Anthony Albanese, lauding, Queen Elizabeth II, Duke, Edinburgh, George Gross, Charles III, Thibaud Moritz, They’ll, Albanese –, Georgina Long, Richard Scolyer –, They’re, Scolyer, King George VI, I’ve, Anne Organizations: CNN’s Royal, Australia CNN, Government, Republicans, Australian Republic Movement, Reuters, The Australian Republic Movement, Commonwealth, Aboriginal, Torres Strait, Sports, Fox, King’s College London, Getty, Canberra, Australian, Torres, Opera, New Locations: Brisbane, Australia, Sydney, Commonwealth, Samoa, Windsor, Normandy, “, Germany, France, Kenya, United Kingdom, New Zealand, Charles, Torres Strait, New South Wales

☆ 'Joker: Folie a Deux' is this year's latest box office flop. Here's what else has disappointed
▼ + stars: | 2024-10-18 | by ( Sarah Whitten | ) www.cnbc.com time to read: +11 min

And it's not the only blockbuster-budgeted film to disappoint at the box office this year. "A combination of hits and flops are a hallmark of every box office year," said Paul Dergarabedian, senior media analyst at Comscore. But for more traditional media companies, that have long traded off their successes at the box office, shareholders still want to see a big theatrical return on investment. UniversalEstimated production budget: $80 million$80 million Global box office: $100 million$100 million Release date: Feb. 14, 2024 Sony's Spider-Man universe films have been hit-or-miss at the box office for years. However, despite solid reviews — a 90% "Fresh" rating on Rotten Tomatoes — the film failed to explode at the box office.

Persons: Joaquin Phoenix, Arthur Fleck, It's, Todd Phillips, it's, Paul Dergarabedian, Shawn Robbins, Robbins, Arthur Fleck's, Lady Gaga, Harley Quinn, Eli Roth's, Cate Blanchett, Kevin Hart, Jack Black, Jamie Lee Curtis, Ariana Greenblatt, Blanchett, — Bryce Dallas Howard, Sam Rockwell, Henry Cavill, John Cena, Samuel L, Jackson, Howard, Elly Conway, Guy, Ryan Gosling, Barbie, Emily Blunt, Oppenheimer, Colt, Jody Moreno's, Blunt, Cassandra Webb, Max, George Miller, Chris Hemsworth, Francis Ford Coppola, Cesar Catilina, Adam Driver, — Adam Driver, Dustin Hoffman, Giancarlo Esposito, Laurence Fishburne, Jon Voight, Coppola Organizations: Warner Bros, Universal, Lionsgate, Sony, Hollywood, Netflix, Apple, Arkham State Hospital, Audiences, Rotten, Fury Locations: Lionsgate's, Dua Lipa, New York City, Australia, York City, New Rome

☆ Dollar rides 'Trump trade' toward third weekly rise, markets brush off China GDP
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: +5 min

The onshore yuan ticked 0.06% higher to 7.1199 per dollar, while its offshore counterpart rose 0.12% to 7.1282. Data on Thursday showed U.S. retail sales growth was higher than expected and the ECB cut interest rates by 25 basis points. "All of that has played in to a stronger dollar," said Jason Wong, senior strategist at BNZ in Wellington. The New Zealand dollar was similarly eyeing a 0.75% fall for the week and was little changed at $0.6063 in the Asia session. The U.S. dollar index hit a 2-1/2 month high of 103.87 on Thursday and is up nearly 0.8% forthe week thus far.

Persons: Donald Trump, Ho Woei Chen, Jason Wong, There's, Yahya Sinwar, Israel's, Benjamin Netanyahu, Sterling Organizations: European Central Bank, People's Bank of China, Securities, Fund, Insurance, ECB, Reuters, Trump, New Zealand, Bank of England, U.S Locations: Asia, China, Wellington, U.S, Israel, Gaza

☆ European markets set for mixed open as investors digest third ECB rate cut of the year
▼ + stars: | 2024-10-18 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +1 min

European markets were headed for a mixed open on Friday as investors digested the European Central Bank's decision to cut interest rates yet again and awaited fresh economic data and earnings. Germany's DAX , the U.K.'s FTSE 100 and France's CAC 40 are all expected to slip when markets open, according to IG data, while Italy's FTSE MIB is on track to rise. The pan-European Stoxx 600 ended Thursday in the green, with almost all sectors and regional bourses trading in positive territory. It came as the ECB announced its third interest rate cut of the year, lowering the deposit rate by another 25 basis points, as inflation risks in the European Union ease faster than anticipated. On Friday, investors will be watching the latest U.K. retail sales data and quarterly earnings from Volvo Group.

Persons: Germany's DAX Organizations: Central, CAC, ECB, Volvo Group, Dow Jones Locations: European Union, Asia, Pacific, China, Hong Kong

☆ Pro-Trump forces flood airwaves with ads attacking Harris over past transgender stances
▼ + stars: | 2024-10-18 | by ( Steve Contorno | David Wright | ) edition.cnn.com time to read: +12 min

The Trump campaign put nearly $14 million behind the ad in the first two weeks of the month. The Trump campaign disputed the report. As pro-Trump advertisers have put more money behind ads attacking transgender policies, economic messaging has also been a consistent, though shifting, point of emphasis. Harris’ campaign did not respond to a request for comment. President Trump is for you.”Democrats in the presidential race have offered no defensive response.

Persons: Donald Trump, Kamala Harris, It’s, CNN’s KFile, Harris, “, ”, Bret Baier, Trump, –, ” Trump, Kamala, Harris ’, Wednesday’s Fox, Terry Schilling, Andy Beshear, Beshear, Glenn Youngkin, Rodrigo Heng, Lehtinen, ” “, ” Heng, wouldn’t, Chris LaCivita, Miriam Adelson –, MAGA, Colin Allred – who’s, Sen, Ted Cruz, Texas –, Ohio Sen, Sherrod Brown, DeWine, Allred, Brown, Schilling, ” Schilling, Heng, Joe Biden, Jennifer Agiesta, Alayna Treene, Kate Sullivan, Kristen Holmes Organizations: CNN, Republicans, Trump, Fox News, New York Times, of Prisons, Fox, Democratic Gov, Republican Gov, statehouse, Virginians, National Center for Transgender Equality, “, Gallup, Democratic Party, ”, Preserve America, Badger State, PAC, Democratic, GOP, White Locations: Washington, Kentucky, Virginia, Wisconsin, Texas, Ohio

☆ Analysis: Sinwar’s killing brings end of Gaza war within reach – if Israel can seize the chance
▼ + stars: | 2024-10-18 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +7 min

And it could bring the devastating war in Gaza closer to an end, experts say – if Israel and its allies can seize the opportunity. Before the war, power in Hamas was decentralized – with Gaza political chief Sinwar just one of many leaders, Chorev said. Shira Efron, a senior director of policy research at the Diane and Guilford Glazer Foundation said Sinwar’s killing gives Netanyahu the chance to claim a victory. Sinwar’s killing could also pave the way for a hostage and ceasefire agreement, since he was believed to be one of the main blockers of a deal. Chorev, from Tel Aviv University, added that Netanyahu could see Sinwar’s killing as a moment to cement his legacy.

Persons: Yahya Sinwar’s, Harel Chorev, Moshe Dayan, Sinwar, Chorev, “ Sinwar, Mohammed Deif, ”, Mohammed, Khalil Al Hayya, ” Chorev, Netanyahu’s, ’ Netanyahu, Shira Efron, Diane, Guilford, Netanyahu, “, Einav Zangauker, Matan, Uzi Rabi, Critics of Netanyahu, Joe Biden, clawing, Rabi, Yoav Gallant, Efron, ” Efron Organizations: CNN, Israel, Moshe, Tel Aviv University, Gaza, Hamas ’, Hamas, Guilford Glazer Foundation, ” Locations: Israel, Gaza, Cairo, “ Israel, United States, Lebanon, Rafah, ”, Gaza’s

☆ Meta layoffs are the latest sign that constant job cuts are the new Big Tech normal
▼ + stars: | 2024-10-18 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

After shedding workers in sweeping layoffs in late 2022 and early 2023, many tech companies are adopting a more methodical, department-by-department approach to making cuts. Related storiesIndeed surveyed more than 1,100 US tech workers from early to late June. Fagan said some tech workers are drawn to the flexibility that contingent or part-time roles can offer. Yet, ultimately, she said, tech is the #1 industry tech workers historically want to work in. Advertisement"It's not like they're going out and massively hiring and then doing layoffs," Fagan said.

Persons: —, Andy Welfle's, Welfle, he'd, Cruise, Zeile, Linsey Fagan, Fagan, It's, they're, " Fagan, Mark Zuckerberg, Dice's Zeile, Zuckerberg, they've, Indeed's Fagan, it's Organizations: Meta, Service, Microsoft, Reality Labs, Google, LinkedIn Locations: Silicon Valley

☆ Sam Altman risks spreading himself too thin at OpenAI
▼ + stars: | 2024-10-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Sam Altman has taken a more prominent role at OpenAI as several top leaders have left the company. Altman risks spreading himself too thin, three management experts told BI. Now, as Altman leads OpenAI toward a possible for-profit future, some corporate management experts warn that the CEO could stretch himself too thin — taking on too many job functions. Altman and a spokesperson for OpenAI didn't respond to requests for comment from Business Insider. It's possible that Altman could take on the CTO role on a temporary basis, Sonnenfeld said, "but it's not likely that he can do this very long."

Persons: Sam Altman, Altman, —, Sam Altman's, OpenAI, Mira Murati, Altman hasn't, Fiss, Elon, Patricia Lenkov, Lenkov, Jeffrey Sonnenfeld, Sonnenfeld Organizations: Service, Business, Bloomberg, University of Southern, Apple, Twitter, JPMorgan, Yale University's School of Management, Yale, Leadership Locations: OpenAI, University of Southern California

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