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☆ A European leader's top aide suggested his country wouldn't have resisted if Russia had invaded it
▼ + stars: | 2024-09-27 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

An aide to the Hungarian PM was criticized after suggesting Hungary wouldn't have resisted a Russian invasion. He referred back to a 1956 uprising in Budapest, which the Soviet Union brutally repressed. He said it was "irresponsible" to resist, citing the number of dead in the Ukraine war. He said this was because Hungary had tried and failed to resist the Soviet Union in 1956. Viktor Orbán is Russian President Vladimir Putin's closest ally in the European Union, a position that has put him strongly out of favor in the bloc.

Persons: Hungary wouldn't, —, Viktor Orbán, Balázs Orbán, Zelenskyy, Hungary —, Vladimir Putin's, Donald Trump, Putin, Trump Organizations: PM, Soviet Union, Service, Politico, European Union, Fidesz Locations: Hungary, Russian, Budapest, Ukraine, Hungarian, Soviet Union, Russia

☆ UK PM Keir Starmer: We're pro-business just as much as we're pro-worker
▼ + stars: | 2024-09-27 | 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 EmailUK PM Keir Starmer: We're pro-business just as much as we're pro-workerUK Prime Minister Keir Starmer joins 'Squawk Box' to discuss the country's pro-business agenda, his pitch to the U.S. business community, the country's $13 billion deal with Blackstone, and more.

Persons: Keir Starmer, Blackstone Organizations: UK

☆ Wendy’s takes aim at McDonald’s broken McFlurry machines with a $1 Frosty
▼ + stars: | 2024-09-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —McDonald’s has become notorious for its broken ice cream machines — there’s even an independent website that monitors broken McFlurry machines. Wendy’s is selling small-sized, $1 Frosty frozen dairy desserts until September 30 — and it’s collaborating with McBroken, which reports which McDonald’s locations have broken ice cream machines. Nearly 15% of McDonald’s ice cream machines are broken as of Thursday, according to McBroken’s data. McBroken was created a few years ago by Rashiq Zahid, who was also frustrated by the lack of working ice cream machines at McDonald’s. Eugene Gologursky/Getty ImagesIf the ice cream machine is offline, the McDonald’s app will remove the ice cream order from the cart, he said.

Persons: New York CNN — McDonald’s, Frosty “, ’, There’s, McBroken, Rashiq Zahid, Frosty, Eugene Gologursky, McDonald’s, Wendy’s Organizations: New, New York CNN, McBroken, CNN Locations: New York, Chicago, Houston, Las Vegas , New York, Los Angeles, Wendy’s

☆ Read the note CEO Sam Altman sent to OpenAI staff announcing another 2 big exits
▼ + stars: | 2024-09-26 | by ( Sarah Gray | ) www.businessinsider.com time to read: +3 min

But Zoph confirmed his departure, posting a note to X saying he decided to leave OpenAI. And The Verge's Kylie Robison posted on X that McGrew had left the company. When Mira informed me this morning that she was leaving, I was saddened but of course support her decision. For the past year, she has been building out a strong bench of leaders that will continue our progress. Mira, Bob, Barret, and Mark will be there.

Persons: OpenAI, Zoph, Kylie Robison, McGrew, Altman, Mira, Bob, Barret, Mark, Jakub, Josh Achiam, Kevin, Srinivas, Matt Knight, Matt, Josh, Sam Organizations: Research, Mission Locations: OpenAI

☆ Starmer is selling Britain on gloom, and patience is wearing thin
▼ + stars: | 2024-09-25 | by ( Rob Picheta | ) edition.cnn.com time to read: +9 min

Protesters demonstrate outside the Labour Party conference venue in Liverpool against the withdrawal of the winter fuel allowance, on September 23, 2024. “It has felt a bit blunt,” a Labour Member of Parliament admitted after Starmer’s speech Tuesday, summing up the sentiment across much of conference. Unfortunately, the realities of governing are beginning to bite the Labour Party – and it is likely he will need to show some returns far sooner. Starmer’s speech was was light on fresh content but a heckler was calmly removed and the key messages were confidently delivered. But a premiership can only survive on doom and gloom for so long, and patience is already wearing thin among much of the wider party.

Persons: Keir Starmer, –, Ian Forsyth, Starmer, Taylor, “, Rachael Maskell, Sir Keir Starmer, Peter Byrne, Maskell, ”, Boris Johnson’s, ” –, Patience, Opinium, Sunak, ” James Crouch ,, Reeves, Rachel Reeves, heckler Organizations: Liverpool, England CNN —, Labour, Protesters, Labour Party, Labour Party –, Conservative, Public, Arsenal soccer, Wembley, CNN, ”, London, Tory, National Health Service, Organisation for Economic Co, Development, United Nations General Assembly Locations: England, Liverpool, Starmer’s, Opinium, Britain, New York, July’s

☆ Gold’s hitting new records again. Here’s what it means for the economy
▼ + stars: | 2024-09-25 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

Gold, traditionally perceived as a haven, has climbed roughly 30% this year, outperforming the benchmark S&P 500 index’s 20% gain. Fresh consumer confidence data on Tuesday indicated that Americans are feeling pessimistic about the US economy and future of the job market. JPMorgan Chase researchers said in a note on Monday that they expect the yellow metal to continue running toward their 2025 target price of $2,850 an ounce as the Fed brings down rates. Silver, another precious metal that tends to move in tandem with gold, has jumped roughly 34% this year, outperforming the yellow metal. New moves from China to revive its economy also has the potential to lift precious metals, said Rhind.

Persons: Jerome Powell, ”, Kristina Hooper, JPMorgan Chase, “ There’s, Will Rhind, Rhind Organizations: New, New York CNN, Federal Reserve, Traders, JPMorgan, Treasury, GraniteShares, Citi Locations: New York, China, Turkey, India, China’s

☆ Watch now: ETF Edge on how blockchain could challenge the industry... or complement it?
▼ + stars: | 2024-09-23 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

[The stream is slated to start at 1:15 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC's ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer educational and actionable advice to help you build your best portfolio.

Persons: Bob Pisani Organizations: Edge

☆ Italy’s former PM on EU single market: ‘Europe is for all’
▼ + stars: | 2024-09-23 | by ( Jacopo Prisco | ) edition.cnn.com time to read: 1 min

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☆ I'm American and traveled to Europe for a month. I love how I can take my kids out for dinner late and no one bats an eye.
▼ + stars: | 2024-09-21 | by ( Jamie Davis Smith | ) www.businessinsider.com time to read: +5 min

As a citizen of three countries, the United States, Poland, and Portugal, I am acutely aware of cultural differences. My children and I live in the United States but have visited Europe several times. Children often get free admission to museumsIn the United States, visiting a museum, aquarium or zoo can easily cost more than $100. In Europe, children often receive free admission to museums or have to pay a nominal fee equivalent to a few dollars. In Europe, I found that there are often great fares for families traveling together by train or substantial discounts for children.

Persons: Austria I, Gustav Klimt's, I've Organizations: Service, Business, Amtrak Locations: United States, Poland, Portugal, Europe, Vienna, Austria, Washington, New York City, Rome, Venice, London, Krakow

☆ Ranking Week 4’s top 10 college football games: From NC State-Clemson to Tennessee-Oklahoma
▼ + stars: | 2024-09-20 | by ( Justin Williams | ) www.nytimes.com time to read: +10 min

The sport dips its toes this weekend with ranked matchups in the Big Ten, Big 12 and SEC featuring College Football Playoff favorites and some remaining question marks. Let’s rank the top 10 games of Week 4, starting with a few honorable mentions and counting down. San Jose State (3-0) at Washington State (3-0), Friday, 10 p.m., The CWWhat a win for Wazzu last week. Line: Auburn -3GO DEEPER College football Week 4 oddly specific predictions: Rolling with road favoritesHow about Kenny Dillingham and the Sun Devils? 6 Tennessee (3-0) at No.

Persons: John Mateer, Jake Dickert, Ken Niumatalolo, Grayson McCall, CJ Bailey, Cade Klubnik, Alex Hicks Jr, Sam Pittman, Hank Brown, Kenny Dillingham, ASU —, Sam Leavitt, Skattebo, Tyler Shough, ESPN Mario Cristobal’s, Cam Ward, Byrum Brown, Sam Navarro, Fox, Dylan Raiola, Patrick Mahomes, Raiola, haven’t, Alex Orji, Davis Warren, D’Anton Lynn, Cam, Doak Walker, Ollie Gordon, Alan Bowman, Bowman, Collin Oliver, Josh Heupel, Joe Rexrode, Joe, ”, Nico Iamaleava’s, Jackson Arnold, Nic Anderson, Andrel Anthony, Brent Venables ’, Norman, Aaron M Organizations: College, Big, SEC, College Football, Rutgers, Virginia Tech, Navy, TCU, SMU, San, San Jose State, Washington State, Wazzu, Apple, Cougars, WSU, Spartans, Air Force, North Carolina State, Clemson, ABC, NC, Wolfpack, Louisiana Tech, Lousiana Tech, App, Tigers, ACC, App State, USA, Auburn, ESPN, CBS, Arkansas, Arkansas ’, New, College football, Sun Devils, ASU, Texas State, Texas Tech, Abilene Christian, Georgia Tech, ESPN2 Georgia Tech, VMI, Syracuse, Jackets, Cardinals, Austin Peay, Jacksonville State, Notre Dame, Louisville, Miami, Hurricanes, FBS, USF, Alabama, Bulls, Tide, Nebraska, Illini, Cornhuskers, Illinois, USC, Michigan, Wolverines, LSU, Ohio State, Penn State, Oklahoma State, Fox, Baylor, Utes, Kansas State, Sooners, ESPN’s, GameDay Locations: North Carolina, Memphis, SMU , Iowa, Minnesota, San Jose, Washington, Tennessee, Georgia, Arkansas, New Mexico, Auburn, Texas, North Texas, Louisville, South Florida, Tampa, Miami, Illinois, Nebraska, Lincoln, Michigan, Ohio, Oregon, Penn State , Nebraska, Utah, Fox Utah, Stillwater, Kansas, Arizona, Oklahoma

☆ The Fed has poured rocket fuel on the red-hot AI trade
▼ + stars: | 2024-09-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

AI stocks surged after the Federal Reserve's 50 basis point rate cut. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The tech-heavy Nasdaq 100 soared nearly 3% on Thursday, while the underlying AI trade saw even bigger gains. Investors in the stock market's AI trade can thank Fed chairman Jerome Powell for Thursday's risk-on surge in tech, according to Wedbush analyst Dan Ives. AdvertisementIves said that while the AI trade has mainly been focused on Nvidia and Microsoft, other companies are starting to join in on the fun.

Persons: Dan Ives, —, Jerome Powell, Ives Organizations: Federal, Nasdaq, Nvidia, Broadcom, Service, Federal Reserve, Investors, Big Tech, Microsoft, Oracle, Dell, IBM, APple Locations: Asia

The Marriner S. Eccles Federal Reserve building in Washington, DC, on June 25. Ting Shen/Bloomberg/Getty ImagesAfter all the hype that’s been brewing for over a year, you might think that once the Federal Reserve finally cuts interest rates the economy will look and feel completely different. Sure, the stock market could have some big swings the second the Fed releases its interest rate decision at 2 pm ET on Wednesday and when Fed Chair Jerome Powell speaks a half hour later. Mortgage rates and the interest rates Americans pay on a variety of loans will quickly drop as well. That’s because when the Fed lowers or raises rates, it takes a while for the full effect of those moves to be felt across the economy.

Persons: Ting Shen, there’s, Jerome Powell, Milton Friedman, Read Organizations: Eccles Federal Reserve, Bloomberg, Federal Reserve, Fed Locations: Washington ,

☆ Stock market today: Indexes edge up ahead of major Fed interest rate decision
▼ + stars: | 2024-09-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

US indexes edged higher as investors waited for a likely interest rate cut from the Fed. AdvertisementUS stocks rose on Wednesday as traders readied for what's likely to be the Federal Reserves's first rate cut in four years. "Though consensus is leaning toward a 50 basis point move, we look for the Fed to cut by 25 basis points today. AdvertisementFollowing the interest rate decision, all eyes will be on Fed Chair Jerome Powell, who will deliver prepared remarks during a press conference. "While the market has usually bounced immediately following the 2 PM rate decision, the sell-off usually starts at or near the end of Powell's post-FOMC press conference."

Persons: Jerome Powell's, —, John Lynch, José Torres, Jerome Powell, Powell, shouldn't Organizations: Fed, Traders, Service, Federal, Comerica Wealth Management, Interactive, Deutsche Bank, Investment

☆ Hedge fund titan Steve Cohen is no longer trading stocks. Here's why it's an important milestone for the $4 trillion industry.
▼ + stars: | 2024-09-18 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

The news from Bloomberg that billionaire Point72 founder and legendary stockpicker Steve Cohen will no longer trade his book for the $35 billion fund Tuesday is paradoxically both shocking and expected. Of the big multi-strategy managers, the fact Cohen was still managing a book set him apart from his main competitors. Will there be another Steve Cohen? Cohen launched SAC with $20 million in 1992; new funds today need exponentially more to justify leaving seats at funds like Point72. Fictional hedge fund manager Bobby Axelrod, played by Damian Lewis, was loosely based on Steve Cohen.

Persons: —, Steve Cohen, Cohen, they've, — Cohen, He's, Point72, Ken Griffin, Izzy Englander, Dmitry Balyasny, Steve, he's, it's, Bobby Axelrod, Damian Lewis, Vincent D'Onofrio, Guy Fieri Organizations: Service, SAC Capital, Bloomberg, Business, SAC, MLB, New York Mets, Citadel, Academy, Tiger Cubs, Viking, Wall Street, Showtime, GameStop, Food Locations: Connecticut

☆ In a first for $21 billion Balyasny, a star PM will start building his own internal equities unit this month
▼ + stars: | 2024-09-17 | by ( Alex Morrell | ) www.businessinsider.com time to read: +7 min

This month, he'll start building a long-short equity division called Longaeva Partners inside Balyasny and exclusively managing the multistrategy hedge fund's capital, according to people familiar with the matter. "He was very coachable and progressed at a much faster rate than a lot of other, newer portfolio managers," Boyle said. "Peter was good at keeping his emotions out of his portfolio," Boyle said. At Balyasny, Goodwin will effectively have his own unit, though he'll be under the flagship Atlas Enhanced umbrella and operate on BAM's platform, including access to its technology, risk management, hiring, and human resources capabilities. The allure of such a setup is more time to spend on investing, which Longaeva will do exclusively with Balyasny money for now.

Persons: —, Peter Goodwin, Dmitry Balyasny's, Jeff Runnfeldt, Gustav Rydbeck, Goodwin, he'll, it's, they've, Point72, Point72 Goodwin, Peter, Korn, Scott Goodwin, Shaw, Perry Boyle, Boyle, delegating, he's Organizations: Service, Management, Business, Longaeva Partners, Millennium Management, Korn Ferry, JPMorgan, Lehman Brothers, Ziff Capital Locations: D.E

☆ Read the Charges Against Ryan Routh, Suspect in Trump Shooting Attempt
▼ + stars: | 2024-09-16 | by ( ) www.nytimes.com time to read: +2 min

At approximately 2:14 PM, MCSO initiated a motor vehicle stop. Shortly after the motor vehicle stop, ROUTH was asked if he knew why he was being stopped; he responded in the affirmative. Database checks indicate that a mobile phone assigned call number 1-***-***-8342 is serviced by T-Mobile US, Inc. ("T-Mobile") and that ROUTH is the subscriber. Agents requested T-Mobile, on an emergency basis, to provide law enforcement with information pertaining to ROUTH's mobile phone usage. A review of law enforcement indices reflected that, on or about December 20, 2002, ROUTH was convicted in Greensboro, North Carolina, of possession of a weapon of mass death 3

Persons: MCSO, ROUTH Organizations: Martin County Sheriff's, Nissan, Officers, Ford, Trump, Mobile, Inc Locations: Beach, Martin County, Greensboro , North Carolina

☆ Top Morgan Stanley bankers break down 3 common mistakes startup hedge funds make
▼ + stars: | 2024-09-16 | by ( Alex Morrell | ) www.businessinsider.com time to read: +7 min

Read previewIt's shaping up to be a bustling period for new hedge funds. Startup funds have allies in investment bank prime brokerage units, a crucial lifeline to hedge funds and a growing business on Wall Street. AdvertisementMorgan Stanley has long been home to one of the top prime brokerages, and serving hedge funds is key to the bank's equities ambitions. These are 3 of the top stumbling blocks for startup fund managers and how to handle them, according to Novick and Shaw. AdvertisementBut beyond that, continuing to engage with prospects is simply a sound business strategy.

Persons: —, Jon Caplis, Morgan Stanley, Ted Pick, Penny Novick, Kim Shaw, Shaw, Morgan Stanley's, Novick, they're, allocators, Hone, haven't Organizations: Service, Business, Viking

☆ Watch now: ETF Edge on "future" of the industry, live from the Future Proof conference
▼ + stars: | 2024-09-16 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Persons: Bob Pisani Organizations: Edge

☆ Boeing strike 2024: IAM union members set to strike early Friday after vote against proposed deal
▼ + stars: | 2024-09-13 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

New York CNN —Union members at Boeing overwhelmingly rejected a proposed a four-year contract with the troubled aircraft manufacturer, authorizing the first strike at the company in 16 years, said the International Association of Machinist (IAM) union. It also increased job security for union members, because Boeing promised to build its next commercial jet, which has yet to be announced, at a unionized plant. But 95% of members of the IAM union voted against the deal. In a separate vote 96% voted to authorize a strike, easily clearing the two-thirds threshold needed to approve a walkout. Boeing has nearly 150,000 US employees, including the 33,000 IAM union members.

Persons: ”, Jon Holden, Kelly Ortberg, “, Max, Holden, we’ve Organizations: New, New York CNN — Union, Boeing, International Association of, IAM, Alaska Airlines, Federal Aviation Administration, US Justice Department Locations: New York, Alaska

☆ Watch now: ETF Edge on whether "thematic" investing is still best for the rest of 2024
▼ + stars: | 2024-09-12 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Persons: Bob Pisani Organizations: Edge

☆ Mr ChatGPT and other AI power players are going to the White House to discuss AI’s massive thirst for energy
▼ + stars: | 2024-09-12 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

The meeting, which hasn’t been previously reported, is the first time senior White House officials will sit down with tech company leadership to discuss how to quench AI’s insatiable thirst for energy. The source said the White House expects to detail how the public and private sector can work together to maintain US leadership in AI in a sustainable way. AI is expected to spark a 160% surge in power demand from data centers by 2030, according to Goldman Sachs. Exowatt just launched a new system that can generate and store clean energy to AI data centers. Other US officials expected to attend Thursday’s AI power meeting include White House Chief of Staff Jeff Zients, National Economic Adviser Lael Brainard, National Security Adviser Jake Sullivan and top climate officials Ali Zaidi and John Podesta.

Persons: Sam Altman, Ruth Porat, Dario Amodei, hasn’t, Jennifer Granholm, Gina Raimondo, Harris, Joe Biden, Kamala Harris, Biden, Goldman Sachs, Altman, ”, ” Altman, “, Robyn Patterson, Jeff Zients, Lael Brainard, Jake Sullivan, Ali Zaidi, John Podesta, Oprah Winfrey, Bill Gates Organizations: CNN, White, Google, White House, Wall, . Energy, Biden, Microsoft, International Energy Agency, Washington Post, United, “, National Economic, National, ABC Locations: America, Washington, United States, Exowatt

☆ Bonded by loss: Women who lost dads in 9/11 and Oct. 7 terror attacks form sisterhood
▼ + stars: | 2024-09-11 | by ( Adam Kuperstein | Adam Kuperstein Is An Emmy Award-Winning Journalist Who Anchors Nbc New York S Pm | Pm Weekend Newscasts. | ) www.nbcnews.com time to read: +3 min

Kristin Marino and Maya Peretz are two young women, bonded by a profound loss. At least once a year, she goes to the World Trade Center reflecting pools to pay tribute to her father. Peretz told Marino in the documentary that she “was sure he was coming back home,” referring to her father. But Marino didn’t expect there to be such an instant bond between them. “Honestly I didn’t really know.

Persons: Kristin Marino, Maya Peretz, Marino, — Kenneth Joseph Marino, —, “, ”, influencer, Peretz, wasn’t, they’ve, ” Marino, ” Peretz, Dan Luxemberg, Kristin, it’s Organizations: FDNY, Rescue Company, World Trade, NBC New, Nova Locations: NBC New York, Israel, ” Luxembourg

☆ A Citadel PM Was Set to Join Point72. Then Swooped in.
▼ + stars: | 2024-09-11 | by ( Alex Morrell | ) www.businessinsider.com time to read: +1 min

Point72 recruited ex-Citadel rates portfolio manager George Arzeno to bolster its macro-trading operation. Then, Balyasny swooped in with an offer before he started at Point72. Go to newsletter preferences Thanks for signing up! The macro portfolio manager was lured away from Citadel this spring by Point72, which had been ramping up its macro-trading operation, Bloomberg reported in March. But in another salvo of the multimanager hedge-fund talent war, Arzeno is now expected to join Balyasny after the fund swooped in with a sweeter offer than Point72, according to people familiar with the matter.

Persons: Point72, George Arzeno, Balyasny, — Organizations: Citadel, Service, Bloomberg, Balyasny, Business Locations: Point72

Though we usually associate acne-prone skin with the more annoying parts of our teenage years, it has become more common in adults. SKIP AHEAD The best products for acne-prone skin | What are the best ingredients for acne-prone skin? The best products for acne-prone skin in 2024The dermatologists I spoke to recommend products with acne-fighting ingredients like salicylic acid, benzoyl peroxide, adapalene and azelaic acid (more on that below). The dermatologists we spoke to noted a few other considerations when using skin care products on acne-prone skin. For this article, I spoke to dermatologists to find out everything you should know about acne-prone skin care.

Persons: It’s, Eileen Deignan, Graber, La, Posay, Tracy Evans, Stevenson, Evans, Zoe Malin, Zoe Malin Dr, Caren Campbell, Differin, Malin, Ashley Morris, Mario, Mario Badescu, Posay’s, Campbell —, blackheads, La Roche, kaolin, Morris, who’s, ”, Lindsey Bordone, Cetaphil, Erum Ilyas, Baume, Supergoop’s sunscreens, Dr, Mary Stevenson, you’re, Deignan, “, ” Evans, dermatologists, TikTok Organizations: Dermatology, NBC, Neutrogena, Emerson Hospital, of Boston, Columbia University Medical Center, La Roche, NYU Langone Health’s, of Dermatology, Facebook, Twitter Locations: U.S, Posay, California, Neutrogena, La

☆ Inside Wall Streets biggest tech projects, from Blackstone's DocAI to Goldman Sachs' Legend
▼ + stars: | 2024-09-10 | by ( Bianca Chan | ) www.businessinsider.com time to read: +1 min

Built by the hedge fund's Applied AI team, Deep Research helps analysts and portfolio managers answer complex research questions. Mostly used by investment teams, Deep Research helps analysts and PMs research stocks before making a trade and gauge the impact of global market events on a portfolio or set of stocks. Those teams send their questions to the Applied AI team, which passes them on to the bot. The goal is to release the tool firmwide by the fourth quarter, with every team accessing the tool directly. In one recent example, a PM asked Deep Research to find companies whose supply chains were affected by tariffs.

Persons: Chen Fang, Fang Organizations: Balyasny, Management, Research

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