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☆ Taylor Swift helped lift the US economy this summer with her Eras Tour — she can't get back to the states soon enough
▼ + stars: | 2023-09-17 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

After five months and 53 shows, the economic impact of Swift's "The Eras Tour" was monumental and non-stop. Consider the following:"Taylor Swift's 'Eras' tour is rewriting the playbook of entertainment economics," Chris Leyden, director of growth marketing at SeatGeek told CNN. "It's no surprise that people are flocking to this Eras Tour experience in what is increasingly an otherwise digital environment we live in." AdvertisementAdvertisementOne Swiftie who spoke with Insider called their "Eras Tour" trip "a little bit concert, a little bit vacation." — Taylor Swift, who is releasing a film version of "The Eras Tour."

Persons: Taylor Swift, Swift, Taylor, Chris Leyden, SeatGeek, She's, —, Omar Vega, Alice Enders, Grace Smith, Andrew Heilmann, Robert Douglas, Cork, Oppenheimer, Klaus Vedfelt Piper, Nancy Lazar, Lazar, Barbie, — Taylor Swift, Charlie Harding Organizations: Service, CNN, Bloomberg News, Enders Analysis, World Trade Organization, MediaNews, Denver, Getty, Moody's, Cork Gaines, Bloomberg, Global, Fox News Digital, WGA Locations: Wall, Silicon, Arlington , Texas, LA, —, Hollywood

☆ Arm's stellar listing sets the stage for more SoftBank acquisitions
▼ + stars: | 2023-09-15 | by ( Anton Bridge | ) www.reuters.com time to read: +4 min

[1/2] A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. The tech investment behemoth raised nearly $5 billion from Arm's offering while retaining 90.6% of the firm. Known for debt-fuelled acquisition sprees, SoftBank founder and CEO Masayoshi Son flagged in June that the company was shifting back into "offence mode" as he highlighted the potential of artificial intelligence. That's after a year of "defence mode" when tech valuations crashed amid higher interest rates and global banking jitters. Few companies in SoftBank's investment portfolio have demonstrated commercial utility in AI, analysts said.

Persons: Dado Ruvic, behemoth, Masayoshi, Yoshimitsu Goto, SoftBank, SemiAnalysis, Kyle Stanford, There's, Amir Anvarzadeh, PitchBook's Stanford, Anton Bridge, Miyoung Kim, Edwina Gibbs Organizations: REUTERS, Rights, Arm Holdings, SoftBank, HK, Vision, Nvidia, Asymmetric Advisors, Thomson Locations: British

☆ Biden impeachment saga creates a wild new political twist in an unprecedented election
▼ + stars: | 2023-09-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Now, his proxies in the House GOP are effectively weaponizing an impeachment inquiry of Biden to try to again destroy Trump’s potential opponent in the next presidential election. Then-Vice President Biden attended two dinners with his son and his business associates in Washington, DC, although one of Hunter’s associates testified that no business was discussed. Biden’s political liabilitiesIn some ways, the White House has a political advantage. CNN’s White House team reported Wednesday that the administration had put into action a counter-impeachment plan even before McCarthy’s announcement. Video Ad Feedback James Carville wants Biden impeachment inquiry.

Persons: Joe Biden, Kevin McCarthy, McCarthy, Donald Trump, Biden, –, Biden corruptly, Trump, Volodymyr Zelensky, Zelensky, Vladimir Putin, Hunter Biden, Obama, Joe Biden’s, Hunter’s, Hunter, White, haven’t, That’s, — McCarthy, Nancy Pelosi, CNN’s Manu Raju, Ken Buck, CNN’s Anderson Cooper, ” Buck, it’s, There’s, Jim Jordan, Hillary Clinton, Libya –, hasn’t, CNN’s, Biden’s, James Carville, Bill Clinton, feverishly, “, I’ve, ” Biden Organizations: CNN, GOP, Biden, Trump, Republicans, Air Force, Democratic, Colorado Republican, Republican, White, Capitol, House, Republican House, White House Locations: Washington, Ukraine, Russian, China, Washington , DC, America, Congress, New York, Benghazi, Libya

☆ Autoworkers strike: What to watch for as the clock ticks down
▼ + stars: | 2023-09-14 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

Here’s what to watch as the clock ticks down:Which plants would go on strike? One advantage of a targeted strike for the union is the potential to save resources and extend a possible walkout. Striking union members are eligible for $500 a week from the union’s strike fund. Ford has not had a national strike since 1976 and has not had a strike of any kind at its US plants since 1978. Sometimes after talks break down, the parties can return to the table and reach a deal without a strike.

Persons: Jeff Schuster, ”, Schuster, Shawn Fain, Fain, We’re, –, ’, Ford, Wheaton, Will Organizations: New, New York CNN, United Auto Workers, General Motors, Ford, GlobalData, UAW, GM, Stellantis, Jeep, Dodge, Chrysler, Cornell University’s Industrial, Labor Relations, Warehouse, Writers Guild of America, Alliance, Television Producers, UPS, Teamsters Locations: New York, America, Kokomo , Indiana, Toledo , Ohio, Livonia , Michigan, Stellantis, Buffalo, West

☆ 4 things to consider before scaling your small business if you want to avoid crashing and burning, according to founders
▼ + stars: | 2023-09-14 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Consider your tolerance for riskAs a fairly risk-averse founder, Rabinovitch Consky always knew she wanted to find a gradual way to grow rather than raise money to scale as fast as possible. Marnie Rabinovitch Consky, the founder of Thigh Society. "It was always very clear what I was leaving on the table by not taking investment," Rabinovitch Consky said. "We don't even realize how much we've internalized this single narrative — it can weigh on our brains and make us feel less adequate as founders," Rabinovitch Consky said.

Persons: —, Marnie Rabinovitch Consky, that's, Rabinovitch Consky, Sarah Adler, Adler, Monisha Bajaj, I've, Bajaj Organizations: Service, M, Times

☆ 'We are becoming more convinced that the cracks are emerging': JPMorgan warns a host of recession risks are starting to pile up — and shares 2 trades to keep your portfolio safe
▼ + stars: | 2023-09-14 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Another is the still-inverted Treasury yield curve, meaning yields on shorter-duration government bonds are higher than those with longer durations. Inversions of the 3-month and 10-year yields have preceded every recession since the 1960s without producing a false signal. The Vanguard Energy ETF (VDE) and the Energy Select Sector SPDR Fund (XLE) offer exposure to energy stocks. The Consumer Price Index, a main measure of inflation, rose to 3.7% year-over-year in August compared to 3.2% in July. Investors can gain exposure to short-term government bonds through TreasuryDirect, their brokerage, or through ETFs like the Vanguard Short-Term Treasury ETF (VGSH).

Persons: Marko Kolanovic, Kolanovic, Michael Feroli, Cash Organizations: for Supply Management, Bank of America, Federal Reserve, Treasury, Federal, Energy, Vanguard Energy Locations: China, TreasuryDirect

☆ Leaked email outlines VMware employees' potential fates as the Broadcom acquisition closes
▼ + stars: | 2023-09-14 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +2 min

VMware employees received an email this week laying out what their fates could be when Broadcom closes its $61 billion acquisition of the cloud computing and virtualization company. Sutter had cautioned that employees should "expect a feeling of acceleration" as the close date approaches and that Broadcom is "driving the playbook," the email said. According to the email, VMware employees will have one of three options for their employment status: receive a Broadcom offer, a transitional role offer, or a severance package. VMware is aiming to notify employees of their status by mid to late October, but it could be later or after the acquisition closes, the email said. The target for notifying employees of their status is mid-late October, but it could be later or even after close.

Persons: Raghu Raghuram, Betsy Sutter, Sutter Organizations: VMware, Broadcom, Employees

☆ From rolling out OpenAI's GPT-4 to employees to preventing $27 billion in fraud, Visa exec Rajat Taneja opens up about the payments giant's AI playbook
▼ + stars: | 2023-09-14 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

Visa relies on AI for mission-critical tasks like processing payments, detecting fraud, and securing its massive network infrastructure. It has more than 300 AI models that are live and operating. "AI is going to be a huge part of how we grow, but it'll also be part and parcel of everybody's work," Taneja said. Visa continues to experiment with similar AI models, like Meta's AI model Llama 2 and those from French-American company Hugging Face, Taneja said. Visa introduced AI models that ingest billions of data points every day to train on, learn patterns, and identify any cybersecurity or payment-security threats.

Persons: It's, Rajat Taneja, it'll, Taneja, it's, coder, counterfeits Organizations: Visa, Microsoft Locations: American

☆ The Fine Art of Naming a Group Chat
▼ + stars: | 2023-09-13 | by ( Alyson Krueger | ) www.nytimes.com time to read: +1 min

“The main thing is finding something that makes everybody happy and everybody laugh,” he said. “It has to be something that expresses who we are.”Mr. McLaughlin, 20, is part of so many group chats that each one has to have a name. There is a family chat (“Wally World”), multiple friend chats (“‘The’ group chat™” and “The 4.5 horseman of the apocalypse”) and class chats (Clash, short for Clash of Clans, a game played during Critical Reading and Writing). “I would never have a group chat with no name and just numbers,” he said. He estimated that he has come up with two dozen or more group chat names.

Persons: RJ McLaughlin, ”, Mr, McLaughlin, Wally, “ Organizations: Ramapo College of New Locations: Ramapo College of New Jersey

☆ China’s growth is buried under great wall of debt
▼ + stars: | 2023-09-13 | by ( Yawen Chen | ) www.reuters.com time to read: +8 min

Most of these 3,000-plus entities were created by local governments during the 2008 crisis to skirt a central government ban on direct state borrowing. These vehicles had already accumulated 80 trillion yuan of liabilities at the end of 2022, according to analysts at Guosheng Securities. At a more optimistic 30% discount, the proceeds would jump to 55 trillion yuan, which would cover all outstanding interest-bearing debt. S&P analysts calculate that about 20 trillion yuan of LGFVs’ loans may be at risk of restructuring. If Xi won't boost property wholeheartedly and is not able to count on consumers, his efforts to revive China’s growth have to focus on smashing the great wall of local debt.

Persons: Wen Jiabao, Xi Jinping, Wen, Xi, Peter Thal Larsen, Sharon Lam, Aditya Sriwatsav Organizations: Reuters, HK, Guosheng Securities, Citi, Finance, Reuters Graphics, Financial Times, Investment, Oxford Economics, Thomson Locations: Beijing, China, Shanghai, New York, China's Southwestern Guizhou, United States

☆ U.S. market is too heavily reliant on pricey 'Magnificent Seven' stocks for gains, says Credit Suisse strategist
▼ + stars: | 2023-09-13 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

"We struggle to believe that the US at currently [circa] 60% of global market cap can continue its inexorable rise." The Shiller P/E ratio is a measure of how undervalued or overvalued the broader stock market is. Garthwaite attributed the overvalued nature of the market to the meteoric rise of technology stocks this year, especially the so-called Magnificent Seven, which includes Alphabet , Amazon , Apple , Meta , Microsoft , Nvidia and Tesla . This means the U.S. market is essentially overexposed to these seven stocks, which are seeing "extreme levels" for relative valuations, he said, in a note to clients that advised investors to underweight U.S. stocks. While Credit Suisse is still bullish on technology stocks, current high price-to-earnings multiples for the Magnificent Seven will be difficult to maintain, he said.

Persons: Andrew Garthwaite, Garthwaite, — CNBC's Michael Bloom Organizations: Apple, Meta, Microsoft, Nvidia, Tesla, Credit Suisse, Tech Locations: U.S

☆ Elon Musk has been a sleep-deprived, workaholic since starting his first business. Those habits set the stage for a bitter RTO battle among CEOs.
▼ + stars: | 2023-09-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Elon Musk has been a workaholic since at least 1995. Musk's obsession with work has set a precedent for CEOs who are aggressively enforcing RTO policies. AdvertisementAdvertisementJim Ambras, an early employee at Zip2, recalled that Elon Musk had no pillow or sleeping bag. This kind of approach to work has stayed with Elon Musk throughout his career. AdvertisementAdvertisementMany of Elon Musk's and other CEOs' employees excel in their roles but have little interest in pursuing a workaholic, "hardcore" lifestyle.

Persons: Elon Musk, Kimbal, Walter Isaacson, Zip2, Elon Musk's, Isaacson, Jim Ambras, Mohr, Goldman Sachs, David Solomon Organizations: Service, YMCA, Elon, Mohr Davidow Ventures, Twitter, Wall Street Locations: Wall, Silicon, Palo Alto, Zip2

☆ Customer data, transactions, financials: Still reeling from the market implosion, VCs are demanding to see numbers to back up founder pitches
▼ + stars: | 2023-09-12 | by ( Darius Rafieyan | Melia Russell | ) www.businessinsider.com time to read: +7 min

Founders say VCs are increasingly demanding detailed data and visibility into their startups before considering a deal. But some in the industry say that for early stage startups, a reliance on data can create an illusion of certainty. Half a dozen early stage startup founders tell Insider that gone are the days when a good idea and flashy pitch deck were enough to close a deal. He described it as looking for "the golden playbook for investing in early stage startups." For his part Hasan says that when speaking to potential investors, he views an obsession with financials and data as a red flag.

Persons: Miguel Guerrero, Guerrero, He's, Fahad Hassan, Hasan, Keyvan Firouzi, Firouzi, Jason Calacanis, it's, Dorothee Grant, Avante Price, James Cham, Cham, Hassan Organizations: IRL, Activant, Stanford, Carta, Investors, Bloomberg Beta Locations: New York

☆ 3 ways small-business owners can tackle their personal setbacks and still rocket through growth targets
▼ + stars: | 2023-09-12 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +6 min

Starting a small business requires time, finances, support, and balancing personal responsibilities. This article is part of "Small Business Playbook," a series exploring the leadership challenges and solutions that can drive growth. "We had to figure out how to gradually reopen without a playbook of how to do that," Parrish told Insider. To make it work, Parrish and Butler said business owners must set priorities and make sacrifices. "Too often, you feel like, I started this small business, and I need to be there every single day," she said.

Persons: Neillie Butler, Mariée Ami, —, Butler, she's, It's, Tiffany Mielnik Parrish, Parrish, I've, couldn't, isn't Organizations: Service, Club Locations: Wall, Silicon, Birmingham , Alabama, Charlotte , North Carolina

☆ The 4 key reasons why the UAW could strike GM, Ford and Stellantis this week
▼ + stars: | 2023-09-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

He admits the union’s demands are “ambitious” but he insists they’re justified given the automakers’ strong profits in recent years. The automakers have balked at most of the union’s demands, according to the UAW. RaisesThe union demands an immediate 20% raise, and then four additional raises of 5% each. The UAW wants a return of traditional pension payment plans and retiree health care for all UAW members. GM put the cost of the six-week strike by the UAW in 2019 at $2.9 billion.

Persons: Shawn Fain, they’re, Fain, ”, Wheaton, It’s, Patrick Anderson, Anderson, ” Anderson, “, ” Wheaton, Cornell’s Wheaton, ’, What’s, Gavin Strassel, Walter Reuther Organizations: New, New York CNN, United Auto Workers, UAW, Ford, Jeep, Dodge, Chrysler, Cornell University’s, Industrial and Labor Relations, GM, Anderson Economic Group, Pensions, Workers, Big Three, Anderson Economic, Walter, Walter Reuther Library, Wayne State University, Hollywood Locations: New York, Buffalo, Michigan, Wheaton, Belvidere , Illinois, Stellantis, Ohio, Detroit

☆ How Texas Beat Alabama With Nick Saban’s Own Playbook
▼ + stars: | 2023-09-10 | by ( Laine Higgins | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/sports/football/texas-alabama-nick-saban-steve-sarkisian-1a08fcda

Persons: Dow Jones, saban Locations: texas, alabama

☆ 5 takeaways from Joe Biden’s trip to the G20 and Vietnam
▼ + stars: | 2023-09-10 | by ( Kevin Liptak | ) edition.cnn.com time to read: +13 min

New Delhi CNN —President Joe Biden is nearing the end of a whirlwind trip to India and Vietnam for a series of high-profile meetings aimed at countering China’s influence in the developing world. That’s what this trip is all about, having India cooperate much more with United States, be closer to the United States, Vietnam being closer with the United States. “I think we have an enormous opportunity,” he said, adding: “Vietnam and the United States are critical partners at what I would argue is a very critical time. Here are five takeaways from the president’s trip to New Delhi and Hanoi. Biden tries to pull Vietnam closer to USBiden’s trip to Hanoi was his latest attempt to pull another one of China’s neighbors closer to the United States.

Persons: Joe Biden, Biden, ” Biden, “, It’s, Nguyễn Phú, ”, I’m, ” “ I’m, Biden’s, Narendra Modi, Jake Sullivan, ” Sullivan, Oleg Nikolenko, Xi, Vladimir Putin, Xi Jinping, they’re, Kurt Campbell, Modi, – Biden, Campbell, it’s, ratchets, aggressions, Vietnam’s, Karine Jean, Pierre, Jean, Li Qiang, presser Organizations: New, New Delhi CNN, Communist Party of Vietnam, Sunday, Diplomats, Indian, Foreign, Facebook, “, United, United Arab Emirates, World Bank, White, White House, Korean, Communist, Communist Party, Biden, CNN Locations: New Delhi, India, Vietnam, Hanoi, Asia, Beijing, China, United States, Ukraine, ” Russia, Russia, Ukrainian, East, Europe, United Kingdom, Japan, United Arab, Bali, Philippines, South China

Hanoi, Vietnam CNN —President Joe Biden will arrive at Chinese leader Xi Jinping’s doorstep on Sunday with a deal in hand to draw yet another one of China’s neighbors closer to the United States. “It’s not going to be easy for Vietnam, because they’re under enormous pressure from China,” the official went on. In Vietnam, it’s not only China whose influence Biden is competing with. On Monday, Biden plans to announce steps to help Vietnam diversify away from an over-reliance on Russian arms, a senior administration official said. “I think that’s a deliberate design by the Biden administration,” said Yun Sun, the China program director at the Stimson Center.

Persons: Joe Biden, Xi Jinping’s, Biden, ”, It’s, playbook, Xi Jinping, Evelyn Hockstein, ” Biden, Modi, Xi, States ’, it’s, ratchets, aggressions, Didier Marti, “ We’re, “, Biden’s, Mao Ning, Vietnam’s, Antony J, Blinken, Trung, Patricia Kim, Le Hoai, Jake Sullivan, Sullivan, ” –, General Secreatary Nguyen, Trong, Yun Sun, ’ Organizations: Vietnam CNN, White House, Korean, Getty, Saturday, Communist Party, Xinhua, China’s, Monday, Communist Party of Vietnam's, Department of State . US Department of State, Biden, Brookings Institution, Communist, NATO, Wing, Stimson Locations: Hanoi, Vietnam, United States, Philippines, China, Beijing, New Delhi, AFP, Asia, States, Russia, Moscow, India, Brazil, South Africa, –, That’s, South China, Washington, South Korea, Helsinki, Japan, Korea, Australia, United Kingdom

☆ China may never become the world's biggest economy and has thrown out its old playbook, Mohamed El-Erian says
▼ + stars: | 2023-09-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

It's highly unlikely that China will implement large-scale stimulus, Mohamed El-Erian said. Without it, markets shouldn't expect China's previous rate of growth to come back, he wrote in the Financial Times. "Despite what many may continue to tell you, it is no longer a given that China will become the world's largest economy." After China lifted pandemic restrictions late last year, the economy saw a brief rebound early this year. Despite what many may continue to tell you, it is no longer a given that China will become the world's largest economy."

Persons: Mohamed El, Erian, That's, — Organizations: Financial Times, Service, supercomputing, Bloomberg Locations: China, Wall, Silicon, Beijing, El

☆ A zero-carbon 5G network is set to power a new Saudi resort, and it opens to travelers later this year
▼ + stars: | 2023-09-07 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +4 min

The Six Senses Southern Dunes resort has the first 5G network powered by 100% renewable energy. And The Red Sea project in Saudi Arabia promises to be no different when the hospitality hub is completed. And the company behind The Red Sea project, Red Sea Global, has partnered with the Saudi telecommunications provider Zain KSA to cover that. Building a sustainable 5G network wasn't straightforwardHowever, 5G networks are traditionally highly energy-intensive. Recognizing that 5G can be a power drain, the companies redesigned how the 5G network worked.

Persons: Ahmed Ali Alsohaily, Ali Alsohaily, I'm, Zain KSA, Al Alsohaily Organizations: 5G, Service, Sea, Zain, Sea Global Locations: Wall, Silicon, Saudi Arabia, Saudi

TORONTO (AP) — When the Hollywood actors union announced a strike this summer, Cameron Bailey, the longtime chief executive of the Toronto International Film Festival, dusted off his COVID-19 playbook. “This is the nature of running a festival,” Bailey says. We support them, but we’ll miss them.”The dual strikes have already taken the spotlight at the Venice Film Festival. “I’ve loved movies since I was child and I’ve never been to a film festival before,” says Jefferson. “Even the idea that I’m going to a film festival with a film that I’ve directed feels surreal.

Persons: Cameron Bailey, ” Bailey, Hayao Miyazaki’s, Oscar, “ Harry Potter, David Yates, Emily Blunt, Chris Evans, they’re, ”, Yates, “, Damien Chazelle, Adam Driver, Michael Mann, “ Ferrari, Bradley Cooper, Leonard Bernstein, “ Maestro, Cooper, Yorgos, Alexander Payne’s “, ” George C, Wolfe’s “ Rustin ”, Andrew Haig’s “, Bailey, Craig Gillespie’s, Gillespie, Lars, Tonya ”, ” Gillespie, Paul Dano, Seth Rogen, Pete Davidson, Duncan Crabtree, ” Crabtree, Sean Penn, Dakota Johnson, Jessica Chastain, Willem Dafoe, Nicolas Cage, Finn Wolfhard —, Viggo Mortensen’s “, ” Kristin Scott Thomas ’ “, ” Michael Keaton’s “ Knox, ” Ethan Hawke’s “, Anna Kendrick’s, Lil Nas, Montero, ” “, Paul Simon ”, Elizabeth Chai Vasarhelyi, Jimmy Chin’s “, Jessica Yu’s “, Cord Jefferson, Larry Wilmore, Percival Everett’s “, Jeffrey Wright, “ I’ve, I’ve, Jefferson, “ I’m, Jake Coyle Organizations: TORONTO, Hollywood, Toronto, ”, SAG, Venice Film, Netflix, Amazon, Telluride Film, GameStop, America Ferrera, Cannes, Twitter Locations: North America, Toronto, Venice, Telluride, Cannes, Ireland

☆ Mattel to release Barbie Women in Sports, it's 2023 Career of the Year doll
▼ + stars: | 2023-09-06 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

She’s conquered the box office over the summer, breaking numerous records and turning the “Barbie” movie into a $1 billion global sensation. Mattel, on Wednesday, unveiled Barbie Women in Sports, its 2023 Barbie Career of the Year-themed dolls. Mattel announced its 2023 Barbie Career of the year-themed dolls, representing women's careers in sports. Sports Reporter Barbie wears a patterned purple dress with black heels and carries a pink Barbie notebook and microphone. The ‘Barbie’ movie opened July 21.

Persons: New York CNN — Barbie, She’s, Barbie, Barbie ”, ” Mattel, Lionel Messi’s, Mattel, Jen Welter, Barbie Fashionistas Organizations: New, New York CNN, Warner Bros, Warner Bros ., Mattel, Sports, Adidas, Inter Miami, Voice, NFL, Arizona Cardinals, billings Locations: New York

☆ Congress is gearing up for a budget showdown. From funding for student-loan repayment to Social Security benefits, here's what's at stake.
▼ + stars: | 2023-09-05 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Already, President Joe Biden has asked for short-term funding to help keep key programs running and head off a potential federal closure. Well, the federal budget year closes out on September 30. AdvertisementAdvertisementRepublicans already have conditionsHouse Speaker Kevin McCarthy has reportedly told his party members that he believes it'll be necessary to pass some sort of short-term funding measure, according to MSNBC. Senate Majority Leader Chuck Schumer similarly told MSNBC that he has met with McCarthy and the duo agreed to try and move forward with short-term funding. While the benefits would still flow, Americans relying on those programs would likely see processing delays and limited customer service.

Persons: Joe Biden, Kevin McCarthy, it'll, Chuck Schumer, McCarthy, GOPers, Donald Trump, Trump Organizations: Service, MSNBC, Republican, Justice Department, FBI, Social Security, SNAP, Management, Department of Agriculture, Assistance, Child Nutrition, Women, Children, Congressional Locations: Wall, Silicon, pare, Ukraine, Washington

☆ Janus Henderson CEO Ali Dibadj gives his investment playbook for an uncertain market
▼ + stars: | 2023-09-05 | 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 EmailJanus Henderson CEO Ali Dibadj gives his investment playbook for an uncertain marketAli Dibadj, Janus Henderson Investors CEO, joins 'Closing Bell Overtime' to explain what a contrarian fund is and why it may be useful in the current market environment.

Persons: Janus Henderson, Ali Dibadj

☆ Elon Musk blames ADL for lost revenue, says he opposes antisemitism 'of any kind'
▼ + stars: | 2023-09-05 | by ( Doha Madani | ) www.cnbc.com time to read: +5 min

Elon Musk on Monday posted that he was against antisemitism and blamed the Anti-Defamation League for lost advertising revenue since his acquisition of X, formerly known as Twitter. "If this continues, we will have no choice but to file a defamation suit against, ironically, the 'Anti-Defamation' League," Musk wrote. An email to attorneys representing Musk and X asking whether a complaint has been drafted was not immediately returned. X filed a lawsuit last month against the Center for Countering Digital Hate (CCDH), a nonprofit organization that monitors hate speech and disinformation. The ADL also posted a report in March accusing the platform of failing to take action against hate speech.

Persons: Elon Musk, Porte, Musk, CCDH, Imran Ahmed, Ahmed Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, Defamation League, ADL, Defamation, League, NBC, Center, Northern, Northern District of, ADL Center for Technology, Society, Montclair State University, GLAAD, Social Media Locations: Paris, France, U.S, America, Northern District, Northern District of California

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