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☆ New poll show dead heat race in 2024 presidential election: Here's what to know
▼ + stars: | 2024-10-14 | 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 EmailNew poll show dead heat race in 2024 presidential election: Here's what to knowTobin Marcus, Wolfe Research head of policy and politics, joins 'Squawk Box' to discuss the state of the 2024 election, what to make of the latest polling data, and more.

Persons: Tobin Marcus, Wolfe Organizations: Wolfe Research

☆ Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more
▼ + stars: | 2024-10-13 | by ( Hugh Son | ) www.cnbc.com time to read: +18 min

Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. The previous Trump administration didn't pursue those types of consumer protections. In contrast, Democrats, including Harris, have historically supported EVs and incentives such as those under the Biden administration's signature Inflation Reduction Act. Meanwhile, Harris, if elected, can build on existing efforts of the Biden administration to deliver savings to more patients, they said. Trump also led multiple efforts to repeal the Affordable Care Act, including its expansion of Medicaid to low-income adults.

Persons: Donald Trump, Kamala Harris, he's, Harris, Joe Biden's, Trump, Pete Buttigieg, Jonathan Kletzel, didn't, — Leslie Josephs Banks Big, JPMorgan Chase, Biden, Tobin Marcus, it's, Sen, JD Vance, they're, Lindsey Johnson, Hugh Son, Pablo Di Si, EVs, Joseph Spak, Harris hasn't, Mike Wayland, Drugmakers, Trump hasn't, Mariana Socal, Annika Kim Constantino, David Zaslav, John Malone, Time Warner, Simon, Simon & Schuster, Marc DeBevoise, Jonathan Miller, Elon Musk's, Musk, I'm, MAGA, I'm Dark MAGA, —, TikTok, — Lillian Rizzo, Alex Sherman, Michael Lynn, — Amelia Lucas Organizations: ABC, Getty, U.S, Trump, Treasury, Justice Department, Federal Trade Commission, Consumer Financial, Bureau, CNBC, The Biden Department of Transportation, Democratic, American Airlines, JetBlue Airways, Spirit Airlines, Industry, Boeing, JPMorgan, Securities and Exchange Commission, Currency, Federal Deposit Insurance Corporation, Biden, Wolfe Research, Bank, Republican, Bankers, Democratic Party, Consumer Bankers Association, Republicans, Volkswagen Group of America, Automotive News, Environmental Protection Agency, UBS, Mike Wayland Health, Commonwealth Fund, Medicare, Johns Hopkins Bloomberg School of Public Health, Annika Kim Constantino Media, Paramount Global, Skydance, Warner Bros, Discovery, Allen & Co, Sun, Media, Disney, Fox Corp, Time, Simon &, Random, MGM, FCC, Integrated Media, Twitter, Capitol, White, Lawmakers, Meta's Facebook, Alex Sherman Restaurants, National Restaurant Association, National Labor Relations Board, Social Security, Washington Post, Cornell University Locations: United States, PwC, JetBlue's, U.S, China, Ohio, Michigan, California

☆ Another reason to rethink CDs: Your return is less than it seems
▼ + stars: | 2024-10-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Now that the Federal Reserve has started to cut the federal funds rate, those yields are moving lower. Lincoln Financial's analysis shows that cash yields have historically fallen by 2%, on average, twelve months after the start of a Fed cutting cycle. What to do with excess cash Instruments like CDs, high-yield savings accounts and money market funds are a good place to stash cash for emergencies and upcoming expenses. However, the forward market implies that they should start to look appealing relative to money funds in about six months, Abate wrote. "We expect investors to rotate from money funds into IG only if compensated for the risk," he noted.

Persons: Joe Boyle, Sallie Mae, Goldman Sachs, Marcus, Michael Kaye, Jayson Bronchetti, Lincoln, Boyle, Lincoln Financial's Bronchetti, Bronchetti, we've, Joseph Abate, Abate Organizations: Hartford Funds, Investors, Federal Reserve, American, Financial, Synchrony, Fed, Lincoln Financial, Bloomberg U.S, Barclays, Reserve, IG Locations: Wells Fargo, U.S

☆ Shackleton’s Endurance: Incredible new details of sunken ship revealed in 3D scan
▼ + stars: | 2024-10-10 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —A new 3D scan has revealed previously unseen details of the wreck of Antarctic explorer Ernest Shackleton’s HMS Endurance, which was found in 2022 – more than a century after the ship sank. A boot believed to have possibly been worn by Frank Wild, Shackleton's second-in-command, can be seen. Falklands Maritime Heritage TrustThe 3D images have been released as part of a new documentary film “Endurance,” which will premiere at the London Film Festival on Saturday before being released in UK cinemas from Monday and on Disney+ later in the year. It tells the story of Shackleton’s ill-fated voyage, as well as that of the expedition that discovered the wreck of the Endurance in 2022. The crew of the Endurance eating a meal on board, four months before they were forced to abandon ship.

Persons: Ernest Shackleton’s HMS, Frank Wild, Chai Vasarhelyi, Jimmy Chin, Natalie Hewit, Frank Hurley, Shackleton, ”, Donald Lamont, Sir Ernest Shackleton, Roald Amundsen, CNN’s Barry Neild, Lilit Marcus Organizations: CNN, Maritime Heritage, London, Disney, National Geographic, RGS, Falklands Maritime Heritage Trust Locations: Weddell, Antarctica, South Georgia

☆ Trump versus Harris: What the November election means for defense stocks
▼ + stars: | 2024-10-09 | by ( Brian Evans | ) www.cnbc.com time to read: +9 min

No matter who voters choose, whether it is former President Donald Trump or Vice President Kamala Harris , Liwag doesn't expect a meaningful shake-up in the outlook for defense stocks. Still, the analyst notes that even cases where an administration cuts defense spending, stocks can still carve out gains. During the Obama administration, the defense budget fell 3.3%, but defense stocks gained 2.1%. The defense stocks Morgan Stanley covers have outperformed the S & P 500 since Russia's invasion of Ukraine, Liwag said. "Historically, the conventional wisdom has been that Republicans are positive for defense spending and defense stocks, while Democrats are negative," Harned said.

Persons: Bernstein, Douglas Harned, Lockheed Martin, Morgan Stanley, Kristine Liwag, Donald Trump, Kamala Harris, Liwag, Bernstein's Harned, Harned, Harris, Wolfe Research's, Tobin Marcus, Marcus, Ronald Epstein, Epstein, Trump, Northrop, Obama, Northrop Grumman, Morgan Stanley's, Michael Ciarmoli, Truist, Leonardo Organizations: P Aerospace, Defense, Industry, L3Harris Technologies, Lockheed, CNBC, " Bank of America, Democratic, Senate, Republican, U.S . House, Trump White House, Republican Senate, Trump, Abrams, Space Force, Northrop Grumman, General Dynamics, Hamas, Dynamics, Northrop, Gulfstream, Leonardo DRS, Moog, Republicans Locations: Ukraine, U.S, Russia, Crimea, Iran, Israel

☆ AI expert Gary Marcus thinks OpenAI will be the 'most Orwellian company of all time'
▼ + stars: | 2024-10-07 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

AI expert Gary Marcus says OpenAI may be forced to become a surveillance company to make money. AI expert Gary Marcus says the company shaping the global AI arms race is on the cusp of turning what Orwell imagined into reality. "What they're going to be pressed to do is become a surveillance company." But Marcus thinks the company won't be able to earn enough money to support its valuation that way because the technology isn't advanced enough. Marcus suspects that OpenAI will eventually tap into this potential income stream and become a powerful surveillance company.

Persons: Gary Marcus, OpenAI, —, George Orwell's, Orwell, Peter Norvig, Marcus, Paul Nakasone, Edward Snowden, Snowden, Sam Altman, Altman, he's Organizations: Service, Google, Stanford's, Capitol, Business Locations: that's

☆ There are 3 signs that generative AI might be reaching peak market froth — and it's not just OpenAI
▼ + stars: | 2024-10-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +8 min

There are signs across AI models, chips, and new form factors that the market is getting frothy. Investors spent the summer wondering if top AI stocks could continue to justify soaring valuations in the face of absent returns from their massive AI spending. Now, signs have emerged that they're not yet done with generative AI mania. OpenAI reaches dizzying new heightsSam Altman's OpenAI secured a $157 billion valuation after raising $6.6 billion in its latest funding round. In short, a lossmaking startup must justify its $157 billion valuation.

Persons: Cerebras, —, Andrew Feldman, Ramsey Cardy Cerebras, here's, Abu, Cerebras —, Altman's OpenAI, OpenAI, Elon Musk's xAI, OpenAI's, Ilya Sutskever, Gary Marcus, OpenAI's Sam Altman, David Sacks, Darius Rafieyan, Mira Murati, Mark Zuckerberg, Andrej Sokolow, frothiness, Jensen Huang, Alex Heath, Rahul Prasad, Snapchat Organizations: Nvidia, Service, Investors, Microsoft, Saudi Aramco, Bloomberg, OpenAI, LLMs, Financial Times, Anthropic, Craft Ventures, Tiger Global, The New York Times, Getty, company's Connect, Meta, Orion Locations: Sunnyvale, Abu Dhabi, Silver, Saudi, Silicon Valley, —

☆ Five Jewish college students report being assaulted in the last month, as Oct. 7 anniversary approaches
▼ + stars: | 2024-10-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Simone-Weichselbaum.Jpg | Simone Weichselbaum | ) www.nbcnews.com time to read: +4 min

A spokesperson for the University of Pittsburgh said it “unequivocally condemns antisemitism” and will provide campus police escorts to Jewish students during the upcoming Jewish holidays. After the attack on Goodwin, two Jewish students at the University of Michigan were assaulted in separate incidents off campus. And on Friday, a group of six to eight men assaulted another Jewish student off campus at the University of Pittsburgh while using antisemitic slurs. They said there were numerous violent attacks on Palestinian, pro-Palestinian and visibly Muslim students around college campuses, as well as harassment of visibly Muslim students or students wearing keffiyehs. In New York that month, a Jewish driver struck a protester with his car at an off-campus demonstration involving Columbia students.

Persons: “, ”, Goodwin, Hassan Nasrallah, Charlotte Kates, ” Kates, Edward Ahmed Mitchell, Kenneth Marcus, Donald Trump, George W, Bush Organizations: University of Pittsburgh, University of Michigan, FBI, NBC News, ”, Islamic Relations, University of Texas, UCLA, Columbia, CAIR, U.S . Commission, Civil Rights, Department’s Locations: Israel, New York, Canadian, ”, Austin, Jewish

☆ 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

Several major banks, including Capital One 360, Ally, and BMO Alto, responded by dropping their high-yield savings account rates. It's not as easy to find 5% interest savings accounts as it was before the Fed meeting. However, there are ways you can navigate savings rate declines to keep earning a high interest rate for a bit longer. Savings account interest rate dropsIf you're using a major online bank to earn a high interest rate on your savings account, you might be disappointed by the recent Fed interest rate cuts. Capital One 360 Performance Savings fell from 4.25% APY to 4.10% (rate as of 9/27/24) APY, while Ally lowered its savings account rate from 4.20% to 4.00% APY.

Persons: —, Ally didn't, Ally, Marcus, Goldman Sachs, Pibank, we've, you'll, Kit Pulliam, They’ve, Kit Organizations: Fed, BMO Alto, Federal Reserve, Capital, BMO, CIBC USA, Navy Federal Credit Union, Pibank Savings, Pulliam, Business, Tax, MSN, Vanderbilt University

☆ Marcus & Millichap CEO says the damage to the office market has already been done
▼ + stars: | 2024-10-01 | 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 EmailMarcus & Millichap CEO says the damage to the office market has already been doneMarcus & Millichap CEO Hessam Nadji explains why investors are back in the U.S. real estate market and that a full return to office working is unlikely with a hybrid model likely to stay.

Persons: Marcus, Hessam Nadji Organizations: & & .. Locations: U.S

☆ No degree? No problem. Inside Blackstone's ambitious plans to internally grow talent for its data centers and other portfolio companies
▼ + stars: | 2024-09-30 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

It's launched an internal Data Center Academy to find and train candidates to fill the specialized technical positions that can be tricky to hire for. QTS's talent programs have led to 100 new, trained hires, or 8% of the company's total size. Here's how Blackstone's Career Pathways program is helping the firm solve its data center talent problem. So far, the firm has placed five Data Center Academy cohorts in eleven markets. Dawon said the Data Center Academy taught him both hard and soft skills, such as public speaking and the ability to navigate a corporate environment.

Persons: Blackstone, Dawon, —, Steve Schwarzman, It's, Blackstone's, Joe Baratta, Marcus Felder, Felder, it's, Jon Gray, QTS, they've, Kimberly Hines, Alhaji Dawon, hadn't Organizations: Service, Uptime Institute, Blackstone Infrastructure Partners, Blackstone Property Partners, Data Center Academy, Manhattan, Blackstone Investing, Blackstone, Business, Department of Defense, cybersecurity, QTS Locations: QTS, cybersecurity

☆ Global Entry and NEXUS application prices are going up
▼ + stars: | 2024-09-30 | by ( Lilit Marcus | ) edition.cnn.com time to read: +1 min

US Customs and Border Protection (CBP) has raised the cost of applying for or renewing its Trusted Traveler Programs – a catchall term that covers Global Entry, NEXUS and SENTRI – from $100 to $120, as of October 1. The only exception is for minors: those under the age of 18 whose parents are enrolled in Global Entry and other Trusted Traveler Programs will not have to pay a fee. Global Entry launched in 2008. Signing up for Global Entry requires an application process and in-person interview in addition to the nonrefundable application fee. Travelers with Global Entry can use dedicated fast lanes at US airports.

Organizations: CNN, Customs, Border Protection, Global, NEXUS, CBP, Department of Homeland Security, Travelers, Green Locations: Canada, Singapore, Mexico, Germany, India

☆ The unsung warriors of 'The Price Is Right'
▼ + stars: | 2024-09-29 | by ( David Kushner | ) www.businessinsider.com time to read: +41 min

As one of the game show's four models known as "Barker's Beauties," Hallstrom had been a morning fixture in millions of homes. Hallstrom hasn't seen "The Price Is Right" in ages, and she winces when I say its name. The Price is Right / Internet ArchiveHallstrom, like her mother, was also modeling on the side. To counteract its image, "The Price Is Right" announced that Barker's Beauties would be adding a Black model. "I want you folks to know that the lovely Dian is leaving 'The Price Is Right' to pursue other interests," Barker announceAdvertisement"You are the heart and soul of 'The Price Is Right,'" she told the audience.

Persons: Holly Hallstrom, wasn't, She'd, Bob Barker, Hallstrom, America's, Lucille Ball, Carol Burnett, Barker, groped, Bob, Matt Lauer, Charlie Rose, Roger Ailes, Leslie Moonves, — Dian Parkinson, Janice Pennington —, Marcus, —, she'd, Mark Goodson, Johnny Olson, Janice Pennington, Dian Parkinson, Pam Anderson, deadpanned, pratfalls, David Hasselhoff, Goodson, Goodson doesn't, Pennington, Kathleen Bradley, Bradley, Deborah Curling, Black, Steve Grayson, Parkinson, Linda Riegert, Riegert, Dian, Nancy Burnet, Barker's, Burnet, Holly, Smokey Robinson, Tim Reid, I've, Parkinson didn't, who'd, huff, Bradley she'd, They'd, bimbo, She's, Roger Neal, Neal, TikTok, kitschy Barker, Adam Nedeff, . Phillips, Suzanne Somers, Roger Dobkowitz, Jonathan Goodson, Annie Wells, they'd, Les Moonves, Curling, Moonves, George Gray, Mary Capps, Brandi Cochran, Lanisha Cole, Cole, Cochran, David Livingston, Victoria Sirakova, Ron Galella Organizations: Honda, CBS, YouTube, CBS Television, Navy, Future Farmers of, Hollywood, Beauties, Miss, Playboy, Caucasian Broadcasting, West Hollywood, PlayBoy, Bradley, National Enquirer, National, Goodson Productions, Hollywood Museum, Pillsbury, Entertainment, Hallstrom, Curling Locations: California, San Diego, America, Austin, Texas, Bay, Future Farmers of America, Tahiti, Lincoln, Laurel, West, Los Angeles, Pennington, Paris, Pacific Northwest, Glendale , California, Bradley

☆ The Unsung Warriors of 'the Price Is Right' Who Took on Bob Barker
▼ + stars: | 2024-09-29 | by ( David Kushner | ) www.businessinsider.com time to read: +41 min

As one of the game show's four models known as "Barker's Beauties," Hallstrom had been a morning fixture in millions of homes. To counteract its image, "The Price Is Right" announced that Barker's Beauties would be adding a Black model. "That's exactly how we knew when she started having sex with Barker," Hallstrom says. "If one more thing happens on that set," Barker told him, "fire Holly." Before she left the show, Parkinson told Bradley she'd been fighting a stomach ulcer from all her battles with Barker.

☆ Travel news: US airport made a ‘confusing’ name change – here’s how it’s going
▼ + stars: | 2024-09-28 | by ( Lilit Marcus | ) edition.cnn.com time to read: +7 min

The name gameIn May, California’s “Metropolitan Oakland International” changed its name to “San Francisco Bay Oakland International Airport” – despite the fact that San Francisco International Airport is just 30 miles (48 kilometers) away. Some travelers have shown up at the wrong airport, according to San Francisco City Attorney David Chiu. Maureen O'Hare/CNNMixing up similar-sounding airport names is just one of the things that can go wrong for travelers. Meanwhile, belonging to a frequent flyer program can give you access to airport lounges or help you score an upgrade. Patricia Mahan and Dan Matarazzo left Arizona for Mexico in 2006.

Persons: Helene, California’s, There’s, David Chiu, “, Mary Richardson, Maureen O'Hare, Patricia Mahan, Dan Matarazzo, Patricia, Dan Fresh, ”, Mahan, “ Kritsa, ” Patricia, Dan, Sofia, Dan New, They've, Tommy Cahill, iStock, ” Mahan, Alexander Spatari, Caesar, Giorgio Franchetti, grouses Organizations: CNN, California’s “ Metropolitan Oakland International, “ San Francisco Bay, International, San Francisco International, San, Oakland, Department of Transportation, CNN Travel, Getty, Cathay Locations: Mexico, San Francisco Bay, California’s “, “ San Francisco, Port, Oakland, San Francisco City, San Francisco, Bucharest, Budapest, Tucson , Arizona, Greece, Kritsa, Agios Nikolaos, Crete, Arizona, North America, Europe, Rome, Cathay Pacific

☆ Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams
▼ + stars: | 2024-09-27 | by ( Hugh Son | ) www.cnbc.com time to read: +7 min

The lender disclosed that the Consumer Financial Protection Bureau could punish JPMorgan for its role in Zelle, the giant peer-to-peer digital payments network. In response, JPMorgan issued a thinly veiled threat: "The firm is evaluating next steps, including litigation." Trade groups say that in the aftermath of the financial crisis, banks became easy targets for populist attacks from Democrat-led regulatory agencies. Amid the scrutiny, the bank began warning Zelle users on the Chase app to "Stay safe from scams" and added disclosures that customers won't likely be refunded for bogus transactions. While all of these battles are ongoing, the financial industry has racked up several victories so far.

Persons: JPMorgan Chase, Jamie, Evelyn Hockstein, Tobin Marcus, Joe, Marcus, That's, Biden, Marianne Lake, Zelle, Banks, Jamie Dimon, Dimon, Donald Trump, Kamala Harris, Mark Pittman Organizations: JPMorgan, U.S . Senate Banking, Housing, Urban Affairs, Wall, Capitol, Washington , D.C, Reuters, JPMorgan Chase, Consumer Financial, Democrat, Republican, Wolfe Research, Services, PayPal, Bank of America, Senate, Electronic, Federal Reserve, U.S . Chamber of Commerce, Northern, Northern District of Texas Locations: Washington ,, Zelle, Basel, Wells Fargo, Northern District

☆ Brokerages slash yields on cash, but some still offer upward of 4%
▼ + stars: | 2024-09-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Brokerages have also jumped in on the action, with several companies dropping the rates they pay on sums held in cash sweep accounts. Charles Schwab recently trimmed its cash sweep rate to 20 basis points, where it was previously 45 basis points, according to an analysis by Bank of America. Wells Fargo also dropped rates by 3 basis points to 30 basis points, based on the level of clients' household assets. A few outliers still pay solid rates on idle cash Brokerages take different approaches toward cash sweeps, with some firms opting to keep rates low even when the Fed was hiking rates. Even as yields are expected to continue falling, a couple of brokerages continue to offer competitive rates, Bank of America found.

Persons: Marcus, Goldman Sachs, Wells, Michael Kaye, Charles Schwab, Wells Fargo, Robinhood, Ryan Salah, We've Organizations: Federal Reserve, Fed, Discover Financial, Bank of America, Wells, Advisors, Interactive, Robinhood, Capital Financial Partners Locations: Wells Fargo, Towson , Maryland

☆ OpenAI has 4 big challenges it needs to conquer in its quest for AI dominance
▼ + stars: | 2024-09-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +9 min

OpenAI bleeds C-suite executivesAs OpenAI chases a massive fundraising round, the startup continues to deal with a staff exodus. The nonprofit side of OpenAI will still exist and have a minority stake in the for-profit company, the sources told Reuters. "Given the ambitions of OpenAI, a non-profit structure has been too constraining. AdvertisementThe debate over whether OpenAI should be a for-profit company has been a bone of contention for one very vocal tech industry bigwig — Elon Musk. Park, the corporate law expert, told BI that the for-profit governance structure could also leave OpenAI vulnerable to greater government scrutiny.

Persons: —, OpenAI, Mira Murati, Sam Altman's, Murati, Barret Zoph, Bob McGrew, Altman, Greg Brockman, Wojciech Zaremba, Brockman, Ilya Sutskever, John Schulman, Peter Deng, Sutskever, James, I'd, Slack, Gene Munster, She's, Mira, — Elon, Musk, Gary Marcus, Marcus, Musk's, Mark Zuckerberg, xAI, Sam Altman, Munster Organizations: Service, Technology, Business, Microsoft, Nvidia, Wired, University of California, OpenAI, Bloomberg, Deepwater Asset Management, Reuters, Intelligence, Guardian, Meta Locations: It's, OpenAI, Los Angeles

☆ Trump’s promises would spike inflation and wipe out jobs, study finds
▼ + stars: | 2024-09-26 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

The paper represents the most comprehensive analysis to date on the combined impact of Trump’s trade, immigration and Fed proposals. In that scenario, employment would be 9% lower than baseline by 2028 and inflation would surge to 9.3% by 2026. “So-called economists and experts doubted President Trump’s economic plans in his first term. That means the same factory workers Trump says he is trying to help would be hurt the most. Fed Chair Jerome Powell, who was nominated by Trump in 2017, cautioned against any effort to interfere with Fed independence.

Persons: Donald Trump, Trump, “, Warwick McKibbin, Megan Hogan, Marcus Noland, they’ll, ” Karoline Leavitt, Trump’s, Kamala Harris, Harris, ” Trump, McKibbin, Mark Zandi, ”, Jerome Powell, ” Powell, We’re Organizations: CNN, Republican, Federal Reserve, Peterson Institute for International Economics, Peterson Institute, Trump, Security, ”, Peterson, Moody’s, Bloomberg Locations: United States, China, America, Georgia, Michigan, outflows

☆ AI leaders are reacting to OpenAI's wild 24 hours with a mix of schadenfreude and concern
▼ + stars: | 2024-09-26 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

It's been a wild 24 hours at OpenAI. Meanwhile, CEO Sam Altman said Thursday the exec departures were unrelated to restructuring talks. AdvertisementIt's been a wild 24 hours at OpenAI, with three high-level execs leaving the company — including CTO Mira Murati — and reports it's restructuring as a for-profit benefit corporation. Speaking at Italian Tech Week Thursday, OpenAI CEO Sam Altman said the executive departures and restructuring talks were unrelated. "I obviously won't pretend it's natural for this one to be so abrupt, but we are not a normal company," he wrote.

Persons: It's, Sam Altman, —, Mira Murati —, Sam Altman's, execs, Altman, Elon Musk, Gary Marcus —, Altman —, Sora hasn't, Marcus, Nicolas Miailhe, Miailhe, I've, it's, Mark Chen, Bob McGrew Organizations: Service, Italian Tech, OpenAI, Bloomberg, Reuters, Geometric Intelligence, Future Society Locations: —

☆ Microsoft CEO: Ignore 'conventional wisdom' about AI—it can already help you be more productive at work
▼ + stars: | 2024-09-25 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Microsoft CEO Satya Nadella is defending the role of artificial intelligence — particularly in the workplace — like it's his job. AI can help people boost their productivity right now, Nadella said during a virtual appearance at the Fast Company Innovation Festival 2024 last week. Longer-term, it could help take on roles, even involving decision-making, across "healthcare or in finance or any other domain," he said. All that money has yet to yield a tool that actually helps most businesses earn more revenue, the Goldman Sachs report said. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Satya Nadella, Nadella, Microsoft's, —, Goldman Sachs, Jim Covello, Gary Marcus, CNBC's, Marcus, you'll Organizations: Fast, Microsoft, New York University, Workforce, CNBC

☆ UNLV quarterback Matthew Sluka announces sudden decision to quit team
▼ + stars: | 2024-09-25 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +3 min

“I committed to UNLV based on certain representations that were made to me, which were not upheld after I enrolled. “Football player Matthew Sluka’s representative made financial demands upon the University and its NIL collective in order to continue playing. UNLV has honored all previously agreed-upon scholarships for Matthew Sluka.”The Rebels have removed Sluka from their football team’s online roster. I did not receive a dime from any UNLV collective,” he posted. UNLV are set to face Fresno State at home without Sluka and Allen on Saturday.

Persons: Matthew Sluka, ”, ” Sluka, “, Marcus Cromartie, Sluka, ” Rob Sine, UNILV, Cromartie, Matthew Sluka’s, Michael Allen, weren’t, I’m, ” Allen, Allen Organizations: CNN, The University of Nevada, Las Vegas ’, UNLV, Twitter, NCAA, ESPN, Blueprint Sports, ” CNN, UNLV Athletics, “ Football, University, “ UNLV, Rebels, JR, The Rebels, Fresno State Locations: Las, Nevada

☆ Nadji: Prices are down anyway from 20% to 35% depending on the property type
▼ + stars: | 2024-09-24 | 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 EmailNadji: Prices are down anyway from 20% to 35% depending on the property typeHessam Nadji, President & CEO of Marcus & Millichap, discusses that rate cuts will help revive the commercial real estate market, but foreclosures won't be solved quickly

Persons: Marcus, Millichap

☆ Pesto the baby penguin is already taller than his parents. Now he’s a social media star
▼ + stars: | 2024-09-23 | by ( Lilit Marcus | ) edition.cnn.com time to read: +3 min

At just nine months old and 22.5 kilograms (50 pounds), he’s already bigger than his parents at the Sea Life Melbourne Aquarium in Australia. Photos of Pesto – who is 90 centimeters (about three feet) tall – towering over his parents have gone viral online. SEA LIFE Melbourne AquariumPesto’s biological father, Blake, is one of the aquarium’s oldest and largest penguins. But he’s being raised by Tango and Hudson, younger penguins whom Sea Life keepers wanted to try out as parents. Sea Life Melbourne AquariumBut adulthood is already on the horizon.

Persons: CNN —, he’s, Pesto, Michaela Smale, “, ”, Blake, – Organizations: CNN, Melbourne Aquarium, Penguins, Life, SEA, Aquarium Locations: Australia

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