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☆ Trump Lawyers Distance Selves From Alina Habba in Fraud-Trial Appeal
▼ + stars: | 2024-07-24 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewIt has been 10 months since Donald Trump's New York civil-fraud defense lawyers were ordered to pay $7,500 each in sanctions for filing repetitive and frivolous legal motions. The brief argues that in sanctioning the civil fraud defense lawyers in September, the judge improperly referenced two prior Habba matters that resulted in sanctions for her and Trump. Habba and other Trump lawyers did not immediately respond to a request for comment on the appeal. AdvertisementA nearly $500 million judgment — set by Engoron in February against Trump, the Trump Organization, and key longtime executives — remains on hold during Trump's appeal. Of that sum, Trump personally owes $471 million, as of Tuesday, including $17 million in post-judgment interest.

Persons: —, Donald Trump's, Arthur Engoron, Alina Habba, Trump, Hillary Clinton, Engoron, Habba, Clifford Robert, Michael Farina, Christopher Kise, Armen Morian, Michael Madaio, Robert, Farina, Kise, Morian, James Organizations: Service, New, Business, Trump, Engoron, Trump Organization, Associated Press Locations: York, Florida, Bedminster , New Jersey, New York

☆ Trump Lawyers Distance Themselves From Alina Habba in Fraud-Trial Appeal
▼ + stars: | 2024-07-24 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewIt's been 10 months since Donald Trump's New York civil-fraud defense lawyers were ordered to pay $7,500 each in sanctions for filing repetitive and frivolous legal motions. The brief argues that in sanctioning the civil-fraud defense lawyers in September, the judge improperly referenced two prior Habba matters that resulted in sanctions for her and Trump. AdvertisementHabba wasn't among the five fraud-trial defense lawyers hit with the small, largely symbolic sanctions last September because her name wasn't on the motions Engoron attacked as "frivolous." Habba and other Trump lawyers didn't immediately respond to a request for comment on the appeal. AdvertisementA nearly $500 million judgment — set by Engoron in February against Trump, The Trump Organization, and key longtime executives — remains on hold during Trump's appeal.

Persons: —, Donald Trump's, Arthur Engoron, Alina Habba, Trump, Hillary Clinton, Engoron, Clifford Robert, Michael Farina, Christopher Kise, Armen Morian, Michael Madaio, who's, Robert, Farina, Kise, Morian, — weren't, Letitia James, didn't Organizations: Service, New, Business, Trump, Engoron, The Trump Organization, Associated Press Locations: York, Florida, Bedminster , New Jersey, New York

☆ Hedge fund manager Dan Niles says it's too early to buy beaten-up mega-cap tech stocks
▼ + stars: | 2024-07-24 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +3 min

Hedge fund manager Dan Niles sees this week's tech sell-off as confirmation that the trade is in significant trouble. On July 11, Niles warned on X that earnings season could expose big risks in the megacap tech trade. He was particularly worried about the Magnificent Seven stocks, which include Tesla , Nvidia , Alphabet , Meta Platforms , Microsoft , Apple and Amazon . So, you're going to have a fall off some time next year in cap equipment that's going to be horrific because of that." Longer term, Niles thinks the bull case for megacap tech stocks is intact.

Persons: Dan Niles, Niles, CNBC's, I'm, they're, China's, there's, we're, we've Organizations: Google, Niles Investment Management, Nvidia, Microsoft, Apple, Cisco Locations: frothiness, China, Niles

☆ I was an Amazon software engineer for almost 8 years. I either loved or hated the company — I never felt indifferent.
▼ + stars: | 2024-07-23 | by ( Pooya Amini | ) www.businessinsider.com time to read: +11 min

While working there, I never felt indifferent toward the company; I either loved or hated it. Amazon felt like an engineer-driven company because technical engineers had control over entire projects versus being assigned small tasks by non-technical managers. As a senior engineer, I ran a training on "customer obsession," one of the main "leadership principles" that define Amazon employees. Because there are so many principles, managers could use them in contradictory ways. Amazon on-call shifts were frustrating and exhaustingAt Amazon, most of our product decisions were based on customers.

Persons: —, I've, you've Organizations: Service, Amazon Vancouver, Amazon, Meta, Business, Amazon Web Services, Alexa, . Locations: Amazon Vancouver, Amazonians, Amazon

☆ This week's 'manic market' action looks a lot like the dot-com bust in 2000, economist David Rosenberg says
▼ + stars: | 2024-07-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The past week's tumultuous stock market action harkened back to the dark days of 2000 as the dot-com bubble was bursting, according to economist and strategist David Rosenberg. With tech leaders sagging and investors heading for cover, the widely followed market bear sees similarities between two eras that showed overheated investor sentiment and an overvalued market. "The massive daily swings reflect a manic market becoming unglued," the head of Rosenberg Research wrote in his daily market note Friday. "The action is highly reminiscent of what happened in the immediate aftermath of the Nasdaq rolling off the bubble highs in March 2000." Alfred E. Neuman feeling when I look at the action in the equity market and the reasons for this relentless exuberance," Rosenberg said.

Persons: David Rosenberg, Alfred E, Neuman, Rosenberg, Russell Organizations: Rosenberg Research, Nasdaq, Tech, Nvidia, Microsoft, Dow Jones, American, of, Investors, Investors Intelligence

☆ Opinion | Trump the Lion, or Trump the Lyin’?
▼ + stars: | 2024-07-19 | by ( Maureen Dowd | ) www.nytimes.com time to read: +1 min

No one has ever said that Donald Trump doesn’t know a good story when he hears one. Trump is a master of narrative. Not always true narrative, and not always rational narrative. (Barron, who was very upset by what happened to his father, according to Trump aides, was nowhere to be seen.) “I’m not supposed to be here tonight,” Trump told the crowd at Fiserv Forum, after walking out on a stage with a campy giant “TRUMP” in blazing white lights and a display of the White House portico.

Persons: Donald Trump doesn’t, Trump, Barron, “ I’m, ” Trump, MAGA, I’m, ”, “ Organizations: Republican National Convention, Fiserv, TRUMP

☆ Opinion | Why Are Democrats Speaking to America in Ancient Greek?
▼ + stars: | 2024-07-18 | by ( John Mcwhorter | ) www.nytimes.com time to read: +1 min

As the Democratic Party mulls how to respond to the rhetoric emerging from the Republican National Convention this week, I dearly hope it does not continue to describe Donald Trump as a threat to democracy. That’s not because I disagree with that assessment or even because Trump just survived a horrifying attempt on his life. It has a noble ring to it, but outside of a classroom or seminar, what does it mean, exactly? “Democracy” is built from Greek roots: The “demo” part means “people,” while the “cracy” part means “power.” That’s a vivid combination — if you know Ancient Greek. If Democrats want voters to understand how Trump threatens this ideal, instead of saying it in Greek, it would be more effective to speak English.

Persons: Donald Trump, Trump, “ Donald Trump, ”, “ Organizations: Democratic Party, Republican National Convention

Newly produced electric vehicles are being seen at Tesla's Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty ImagesBEIJING — New tariffs on Chinese electric cars aren't enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. While collaborations are "rational" to attain market share, Dyer said it is difficult to stay in the China market long-term if foreign carmakers don't switch things up. Last month, an analyst from the Bank of America said U.S. automakers based in Detroit should exit China "as soon as they possibly can" because they were at the losing end against China EV giants. Electric cars are less complex than internal combustion engine-powered vehicles.

Persons: It's, haven't, Stephen Dyer, Dyer, Cooper, — Organizations: Shanghai, Nurphoto, Getty, China's EV, CNBC, Porsche, BMW, Cooper, Bank of America, China EV Locations: Shanghai, China, BEIJING, China's, Asia, Europe, U.S, Detroit

Supply and DemandThe case for housing deregulation starts with Econ 101: Allowing builders to significantly increase housing supply leads to much lower prices. It isn’t rising demand, as the U.S. population rose even faster back when housing prices were roughly stable. Standard of LivingWhat would happen if homebuilders could once again freely build until housing prices were driven back down to cost? The admittedly small number of studies on the link between YIMBY and babies support common sense: Less regulation lowers housing prices, and lower housing prices generally raise birth rates and hasten child-bearing. In a rational world, the panacea policy of housing deregulation would be a done deal.

Persons: Ben Denzer, Taylor, Wharton, homebuilders, Thomas Piketty’s, ”, Matthew Rognlie, Peter Ganong, Daniel Shoag, Anne Case, Angus Deaton Organizations: Republicans, Research, Area, Wharton, Francisco, Francisco Los Angeles New, Francisco Los Angeles New York Phoenix Denver Houston Dallas, Japan Japan France France Britain Britain, Japan Japan France France Britain Britain Canada, → Utah Nevada Arizona New, San, San Francisco New, Atlanta Houston Boston, Democrats, Republican Locations: Minnesota , Oregon, California, New York City, Houston, Dallas, Francisco Los, Francisco Los Angeles New York, Wharton, United States, Japan, France, Britain, Canada, U.S, Japan Japan France France, Japan Japan France France Britain Britain Canada Canada, Bay, Dodge, → California Nevada Florida New York Arkansas, → Utah Nevada Arizona, → Utah Nevada Arizona New York West Virginia, Washington, San Francisco, San Francisco New York Los Angeles Rochester, N.Y, Atlanta

☆ The Chinese economy is so bad, even Chinese people can't be enticed into buying dirt-cheap mega-sale items
▼ + stars: | 2024-07-09 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Chinese e-commerce giants try to lure in customers with attractive salesHistorically, e-commerce has accounted for a hefty chunk of China's retail spending. AdvertisementIn 2023, online retail sales nationwide reached $2.12 trillion, accounting for 27.6% of the total retail sales of consumer goods in the country, according to the National Bureau of Statistics. China's youth unemployment rate stood at 14.9% as of December, according to China's National Bureau of Statistics. And the average per capita income in China in the first quarter of 2024 was $905, according to the National Bureau of Statistics. Figures from the National Bureau of Statistics showed that new home prices in 70 major Chinese cities were down 0.7% from April.

Persons: —, they've, Alibaba, JD.com, Allison Malmsten, Yaling Jiang, they're, Jiang, Evergrande Organizations: Service, Business, CNBC, National Bureau of Statistics, Apple, Daxue Consulting, National Bureau, Statistics Locations: China

☆ How Biden’s 2024 choice could reshape the Senate and Supreme Court for years
▼ + stars: | 2024-07-09 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +18 min

But recent history raises deep questions about whether Democratic Senate candidates can continue to levitate as far above the presidential ticket as polls now show. “A Democratic Senate majority coalition relies on having both Senators from a state such as Michigan,” said Daniel Hopkins, a University of Pennsylvania political scientist. As recently as the 1980s, it was common for voters to split their tickets in Senate races. Still, even that alignment left room for some Senate candidates to swim against this general tide. This history, by itself, doesn’t answer whether Democratic Senate candidates would have better prospects with or without Biden as their presidential nominee.

Persons: Joe Biden, Biden, Donald Trump, Republican Sen, Susan Collins of, Trump, Samuel Alito, Clarence Thomas, Sonia Sotomayor, ”, Democratic Sen, Evan Bayh, Bayh, “, —, Sen, Joe Manchin, who’s, Democratic Sens, Sherrod Brown of, Jon Tester, Montana, Bob Casey, Tammy Baldwin, Jacky Rosen, Elissa Slotkin, Ruben Gallego, Kyrsten, Martin Heinrich, Nella Domenici, Pete Domenici, Curtis Bashaw, Andy Kim, Bob Menendez, Rick Scott, Ted Cruz, Collins, Ron Johnson, Daniel Hopkins, — hasn’t, David Bergstein, ” Bergstein, ” Mike Berg, ” Lee Drutman, Drutman, Biden’s, ” Drutman, Democratic pollster, ” Jason Kander, Kander, Hillary Clinton, Clinton, Roy Blunt, doesn’t, ” Kander, ” Bayh, Republican Todd Young, it’s, Ronald Reagan’s, Barack Obama, Obama, Republican Dean Heller, Heller —, Steve Bullock, Jesse Hunt, Hunt, Hopkins Organizations: CNN, Senate, Democratic, Republican, White, GOP, West, Republicans, Biden, Democratic Sens, Democrats, Trump, University of Pennsylvania, don’t, Democratic Senatorial, “ Republicans, National Republican Senatorial, Democratic Senate, ”, White House, Indiana Senate, Democratic Gov Locations: Susan Collins of Maine, Indiana, West Virginia, Sherrod Brown of Ohio, Pennsylvania, Wisconsin, Nevada, Michigan, Arizona, New Mexico, New Jersey, Florida, Texas, North Carolina, — Maine, Florida , Iowa, Ohio, New America, Missouri, Southern, Maine, Iowa , Kansas , Kentucky, Montana , South Carolina

☆ Opinion | Why It’s So Hard to Walk Away From Power
▼ + stars: | 2024-07-03 | by ( Adam Grant | ) www.nytimes.com time to read: +1 min

After his shockingly poor performance in last week’s debate, President Biden is facing mounting pressure to drop out of the 2024 election. There’s a formal name for this trap: escalation of commitment to a losing course of action. One of the tragedies of the human condition is that we use our big brains not to make rational decisions, but rather to rationalize the decisions we’ve already made. Some of the worst leadership decisions of our time can be traced to escalation of commitment. Our involvement will be so great that we cannot — without national humiliation — stop short of achieving our complete objectives.

Persons: Biden, we’ve, Vietnam —, George Ball, Lyndon Johnson, —, ” Locations: Vietnam, Iraq

☆ The reason why NATO and Europe found Biden’s debate performance so alarming
▼ + stars: | 2024-06-30 | by ( Luke Mcgee | ) edition.cnn.com time to read: +3 min

CNN —Joe Biden’s performance at the CNN presidential debate against Donald Trump has raised concerns with US allies - particularly within NATO and Europe. Those concerns, to be clear, are not about whether or not Biden is fit to make decisions. Nor is the concern that Biden’s stumbling, at times incomprehensible, performance has ensured a second Trump term. That has been at the heart of European strategic thinking since Trump took office in 2016 and has continued through Biden’s presidency. The concerns that America’s allies have are that the most powerful country on earth cannot provide the one thing they most want: stability.

Persons: Joe Biden’s, Donald Trump, Biden, Trump Organizations: CNN, NATO, Trump Locations: Europe, China, Russia, Ukraine

☆ 'Shadow Stand-Ins': How Workers Secretly Outsource Their Jobs
▼ + stars: | 2024-06-30 | by ( Rob Price | ) www.businessinsider.com time to read: +20 min

Related storiesThough Remi recruited people she knew, shadow stand-ins are often sourced from a complex online web of faceless providers. Facebook Groups are a popular forum for recruiting shadow stand-ins, providing a two-sided marketplace where workers and providers can connect to one another. The dustup highlighted a key drawback to shadow stand-ins: While alluring, things can go horribly wrong. "It required a lot of micromanaging," said a backend engineer in Pennsylvania who hired shadow stand-ins to help him juggle multiple jobs. Pay rates for shadow stand-ins are "definitely more than what people earn in their regular payday, that's for sure," he said.

Persons: Remi, Zer, couldn't, — Remi, Walter Keane, Margaret, Tim Ferriss, Raj Kumar, isn't, Kevin, Andrew, it's, Lorenzo Matteucci, Brandon Nowak, —, Amber Clayton, Tim Woodruff, Woodruff, they're, Ranjan, Kiran, Rahul, Peter Steele, Michel Anteby, doesn't Organizations: Business, Labor, Verizon, Southwestern, Facebook, Amazon Web Services, BI, Companies, Corporations, Society for Human Resource Management, Secret Service, Department of, Treasury, FBI, LinkedIn, Boston University Locations: Chicago, India, Pakistan, China, Southwestern US, Atlanta, San Jose , California, Bengaluru, American Java, Southeast Asia, United States, Colorado, Southern California, Pennsylvania, Washington, Indian, Michigan, Oregon, England

☆ Opinion: The real loser in the first presidential debate
▼ + stars: | 2024-06-28 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +28 min

CNN —CNN Opinion asked political contributors to weigh in on the first presidential debate of the 2024 race. On the other hand, President Joe Biden did not meet expectations and may have increased concerns about his age and ability to lead for another four years. Debates are always more about style than substance, and President Joe Biden’s style was simply awful. Did President Joe Biden come off as a leader or a loser? And yes, the visuals in this first presidential debate of the cycle were phenomenally important.

Persons: Ana Marie Cox, Joe Biden’s, Donald Trump, Biden, Ana Marie Cox Faith Fonseca, Trump, mumbling, I’m, Shermichael Singleton, Joe Biden, Paul Begala, ” “, ” Paul Begala, meandered, —, Republicans — Biden, Bill Clinton’s, Clinton, Jeff Yang, Jeff Yang CNN, — Biden, Joe, Bruce, ”, “, ” Patrick T, Brown, Biden’s, Dobbs, Roe, Wade, Patrick T, CNN’s Dana Bash, David Mark, there’s, Kamala Harris, Harris, Nikki Haley, ” Geoff Duncan, Geoff Duncan Alex Slitz, Geoff Duncan, Peter Bergen, Abu Bakr al, General Qassem Soleimani, It’s, ” Susanne Ramirez de Arellano, Susanne Ramirez de Arellano Frank Moya, Biden “, ” Trump, Susanne Ramirez de Arellano, Roxanne Jones, Democrats — Biden, Nobody, Jones, Lanhee J, Chen, Chen Lanhee J . Chen, David, Diane Steffy, Romney, Ryan Organizations: CNN, Democratic Party, Biden, Trump, “, Global, Democrats, ” Paul Begala CNN, Republicans, Democratic, sonics, Public Policy Center, Economic, Republican, South Carolina Gov, Democratic National Convention, Washington, Peter Bergen CNN, US Border Patrol, ISIS, Islamic, Guards, Force, Walmart, New America, Capitol, New, Arizona State University, Social Security, Medicare, UCLA, Politics Initiative, America, Tonight, Univision Puerto Rico, ESPN, New York Daily News, Philadelphia Inquirer, Public Policy, Hoover Institution Locations: Texas, Austin, America, Asian America, Washington , DC, bravura State, Canada, Abu, Uzbek, Manhattan, El Paso , Texas, New America, United States

☆ Being nice may be the reason you're not getting promoted at work
▼ + stars: | 2024-06-27 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Read previewIf you're good at your job and have a nice personality, you'll never get promoted. Mary McConner, the founder and CEO of Inclusive Excellence Consulting, told BI this is when high performers get overloaded with work because they are reliable. Advertisement"Unfortunately, performance punishment often leads to burnout and resentment because their good work isn't rewarded with advancement, but with more work," McConner said. Being nice but ballsy can pay offLuke Blaney, the managing director of the recruitment agency ARx, told BI there is "a lot of truth in the whole 'nice guys finish last' saying." She told BI that she thinks the notion of being a tough leader is "completely outdated."

Persons: —, you'll, Jacqueline Morris, Morris, jacqueline, Paul Bramson, Bramson, Cameron Anderson, Mary McConner, isn't, McConner, Mary Barnes, Barnes, Lawrence J, Peter, Luke Blaney, aren't, Blaney, it's, Carolina Caro, " Caro, Caro Organizations: Service, Business, Paul Bramson Companies, Universities of, University of Notre Dame, Cornell University, University of Western, National Academy of Sciences, University of California, Consulting, Partners Locations: Universities of Bristol , Minnesota, Heidelberg, University of Western Ontario, Berkeley, Canadian

☆ ‘Sugary food is a drug for me’: A growing number of children are addicted to ultraprocessed foods
▼ + stars: | 2024-06-27 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +16 min

“I really gravitated towards the sugary ultraprocessed foods — it was like a physical drive, I had to have it,” he said. While many people addicted to food will say that their symptoms began to worsen significantly in adolescence, some recall a childhood focused on ultraprocessed food. The Institute of Food Technologists, an association of food professionals and technologists, does not agree with the research on ultraprocessed food addiction. “Children who eat a lot of ultraprocessed foods could well be malnourished.”According to the International Food and Beverage Alliance, however, there is no clear, objective, reliable or scientifically validated definition for “ultraprocessed” food. “Each time I would pray, ‘Please be it, please make this the answer.’ But I would ultimately start binging on ultraprocessed foods,” Odwazny said.

Persons: Jeffrey Odwazny, “, ”, Ashley Gearhardt, Ann Arbor, Gearhardt, ” Gearhardt, David Wiss, Bryan Hitchcock, Rocco Renaldi, Odwazny, ” Odwazny, ‘, ’ ”, Jeffrey Odwazny “, “ I’ve, ” Wiss, Sugar, Alexandra DiFeliceantonio, DiFeliceantonio, salivates, Laura Oliverio, —, Kimberly Dennis, Dennis, ‘ That’s, Kimmy Organizations: CNN, Chicago, Yale, University of Michigan, National Survey, Los, The, Food Technologists, World Health, International Food and Beverage Alliance, Food and Agriculture Organization, United Nations, Virginia Tech, Center, Health, Nutrition, University of Illinois Chicago College of Medicine, “ Locations: United States, Ann, Los Angeles, Blacksburg, Chicago, ’

☆ David Einhorn is suing the former employee who claimed to be his head of macro. Here are the most eye-catching parts of Greenlight's lawsuit.
▼ + stars: | 2024-06-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +8 min

Read previewDavid Einhorn warned James Fishback he was on "thin ice" less than a year after hiring him. Einhorn's firm, Greenlight Capital, is suing his former analyst, Fishback, Tuesday evening in New York. Advertisement"And, since he had absolutely no authority or discretion whatsoever over Greenlight's macro investment portfolio, he was not responsible for generating any profits, let alone 'over $100 million' of profits." Threats to disrupt Greenlight's partner dinnerThe suit claims Fishback threatened to stand outside Greenlight's annual gathering of investors and service providers with letters that "maliciously and disingenuously called into question Greenlight's macro investing abilities." AdvertisementThe review showed that Fishback had "almost no work files saved on Greenlight's network drive, and had engaged in very little activity on Greenlight's computer system.

Persons: —, David Einhorn, James Fishback, Fishback, Greenlight, Greenlight — Fishback, Azoria, Fishback's, Bari, Einhorn Organizations: Service, Greenlight, Business, Azoria Partners, Citi Locations: New York, Greenlight

☆ Ukraine needs to stop fighting the war Russia wants
▼ + stars: | 2024-06-23 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Build up Ukrainian military power and compel Russia to agree to peace, argues a Ukrainian security expert. It's also clear that even with robust EU and US support, Ukraine is still at a disadvantage against the Russian war machine in a years-long fight. Related storiesDanylyuk also worries that political divergences between Ukraine and its allies are undermining Ukrainian military effectiveness. REUTERS/Sofiia GatilovaThe result is that the Ukrainian military isn't sure what kind of war to prepare for. Interestingly, Danylyuk blames the West for failing to adapt its equipment to the lessons of the Ukraine war.

Persons: Oleksandr Danylyuk, Danylyuk, Carl von Clausewitz, Biden, It's, Ukraine's, Michael Peck Organizations: Service, Business, Royal United Services Institute, Century, [ Armed Forces, REUTERS, Ukrainian, Russian, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Russia, USSR, British, Europe, Ukrainian, Kostiantynivka, Donetsk, Crimea, Soviet, Afghanistan, Russian, Moscow, China, North Korea, Iran, Forbes

☆ High valuations of Apple and Microsoft get a pass. Nvidia does not but should
▼ + stars: | 2024-06-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +13 min

Sure enough, the next day began a historic ascent of Apple stock, an in-your-face rally that many thought made no sense. There's a coalescence of two themes, high speed, accelerated computing and increasingly intelligent AI, and neither works without Nvidia chips. I know that it seems impossible to ponder Nvidia's stock going any higher or passing Apple and Microsoft and staying ahead of it. Ask yourself, does any company match Jensen and Nvidia right now? I say let others be baffled over the Apple versus Microsoft versus Nvidia conundrum.

Persons: WWDC, Tim Cook, Tim, Claude, hasn't, Moore, Elon Musk, Nvidia's, Jensen Huang, Jensen, Ben Franklin, Franklin, Da Vinci, — Jensen, Steve Jobs, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Apple, Developers, Microsoft, Club, Dell, HP Inc, PC, Micron, Nvidia, Computers, Intel, AMD, Pentium, Taiwan Semiconductor Manufacturing Co, Franklin Institute, Oracle, Google, GTC Conference, Cisco, Jim Cramer's Charitable, CNBC Locations: Philadelphia, Rome, Jensen

☆ I ditched gentle parenting. As my child got older, I felt like I was enabling bad behavior.
▼ + stars: | 2024-06-18 | by ( Hannah Nwoko | ) www.businessinsider.com time to read: +4 min

While pregnant, I read up on parenting styles and came across an ultramodern movement called "gentle parenting." Gentle parenting worked when my child was littleGentle parenting was relatively easy during early motherhood. Even when I followed the gentle parenting scripts laid out by gurus, everything felt like an ongoing tug of war. Ultimately, I came to the conclusion that gentle parenting is way too gentle. In all honesty, drifting away from gentle parenting made me realize that parenting is more about trusting your gut than following scripts and best practices.

Persons: I've, —, — peacefulness, couldn't, That's Organizations: Service, Business Locations: —

☆ Xi's claim that the US is trying to trick China into invading Taiwan is meant to divide the US and its allies: experts
▼ + stars: | 2024-06-18 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Read previewXi Jinping's claim that the US is trying to trick China into invading Taiwan is aimed at driving a wedge between the US and its European allies, experts told Business Insider. But in addressing the issue with the EU leader, Xi was trying to counter the US narrative and undermine transatlantic relations, Scobell said. "Also, China knows that the EU is generally ambivalent about backing the United States in a war with China over Taiwan," he added. However, over the last few years, the mood in Washington, DC, has shifted toward greater hawkishness, Graeme Thompson, an analyst with the Eurasia Group, told Business Insider in November. Under its One China policy, the EU recognizes the People's Republic of China as the sole legal government of China.

Persons: —, Ursula von der Leyen, Xi, Andrew Scobell, Scobell, Craig Singleton, Singleton, Timothy Heath, von der Leyen, Graeme Thompson, Mike Pompeo, John Bolton Organizations: Service, European, Financial Times, Business, US Institute of Peace, BI, EU, Foundation, Defense of Democracies, Taiwan, RAND, Eurasia Group, Royal Services Institute Locations: China, Taiwan, Beijing, Ukraine, United States, Washington ,, People's Republic of China, EU, Taiwan Strait

☆ Opinion | Effective Altruism Is Flawed. But What’s the Alternative?
▼ + stars: | 2024-06-17 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

You don’t hear so much about effective altruism now that one of its most famous exponents, Sam Bankman-Fried, was found guilty of stealing $8 billion from customers of his cryptocurrency exchange. But if you read this newsletter, you might be the kind of person who can’t help but be intrigued by effective altruism. Effective altruism is a new movement inspired by philosophers (including Peter Singer and William MacAskill) and embraced by Silicon Valley engineers who pride themselves on taking a logical, data-driven approach to life. Last week I talked with people who believe in effective altruism and others who don’t. Is it egotistical or merely sensible to demand proof that our money is being put to good use?

Persons: Sam Bankman, ” That’s, Dustin Moskovitz, Peter Singer, William MacAskill Organizations: Open, Facebook, Wall Street Journal, Silicon

☆ Believe in the bull market but have rational optimism, says Ritholtz's Callie Cox
▼ + stars: | 2024-06-17 | 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 EmailBelieve in the bull market but have rational optimism, says Ritholtz's Callie CoxCallie Cox, Ritholtz Wealth Management chief market strategist, joins 'Money Movers' to discuss the strategist's thoughts on the current market rally, what would spur a selloff in equities, and if a September rate cut is on the cards.

Persons: Ritholtz's Callie Cox Callie Cox Organizations: Ritholtz Wealth Management

☆ Corporate America may soon be handed a large bill for all the buybacks it has been doing
▼ + stars: | 2024-06-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The public comment period for the Treasury Department's rule formalizing the 1% tax on buybacks closed Tuesday. That means some of the largest companies in America may soon be getting a tax bill. The goal seems to be to discourage corporate America from buying back stock and instead invest more in hiring people and making capital expenditures. "We have a good shot at beating that old record this year," Silverblatt from S & P Global tells me. Higher growth means companies will be more willing to invest in hiring more people and making capital expenditures.

Persons: Joe Biden, Howard Silverblatt, Silverblatt, Biden Organizations: Treasury, Apple, Microsoft, Exxon Mobil, Wells, Chevron, & $ Locations: America

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