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☆ Googlers poke fun at a policy against making election memes — by making memes
▼ + stars: | 2024-11-06 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

There's just one problem: they aren't allowed to make political posts, so they're being creative. As the 2024 US election unfolded, Googlers have taken to the company's internal message board — a meme generator named Memegen — to express their feelings. One of the top Memegen posts on Wednesday was a picture of a fake newspaper named "The Memegen," with the headline, "Nothing Happened. Related storiesTwo former Googlers built Memegen in 2010 as a way for employees to vent about work, life, and even their C-suite. Earlier this year, after employees used Memegen to share their thoughts on the war in Gaza, Google barred staff from making political posts, several employees told BI.

Persons: There's, Sundar Pichai, —, Raya, Sisu, Googlers, Breitbart, Donald Trump's, Sergey Brin Organizations: Google, Service, Business, BI Locations: Disney's, Gaza

☆ JPMorgan execs call for unity in a memo to staff on Trump's victory
▼ + stars: | 2024-11-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

JPMorgan CEO Jamie Dimon congratulated Donald Trump on winning the White House. In a memo to staff, Dimon and other top JPM executives called for "bringing our nation together." On Wednesday, JPMorgan CEO Jamie Dimon weighed in to say the time has come to band together as a nation. In a memo to staff, members of the bank's operating committee, including Dimon, congratulated Trump before recalling Dimon's comments from Election Day about national unity. AdvertisementRead the full contents of the Wednesday memo from JPMorgan's Operating Committee about Trump's victory below.

Persons: Jamie Dimon, Donald Trump, Dimon, —, Donald Trump's, Kamala Harris, Trump, Jamie, Diana Frost, Kraft Heinz, Judith Kent, Harris, Walz, Kent, Goldman Sachs, David Solomon, JD Vance, Ashley Bacon, Jeremy Barnum, Lori Beer, Tim Berry, Mary Erdoes, Wealth Management Stacey Friedman, Teresa Heitsenrether, Marianne Lake, Consumer & Community Banking Robin Leopold ,, Doug Petno, Global Banking Jenn Piepszak, & Investment Bank Daniel Pinto, JPMorgan Chase Troy Rohrbaugh, & Investment Bank Sanoke Viswanathan, Reed Alexander Organizations: White, Service, Wednesday, JPMorgan, Dimon, Wells, Wall Street, Wealth Management, Consumer & Community Banking, Human, Global Banking, & Investment Bank, International Consumer Locations: Wall, United States, Washington ,, Wells Fargo, Michigan

Kamala Harris spoke to the nation for the first time since losing the election to Donald Trump. AdvertisementVice President Kamala Harris publicly conceded the 2024 election to former President Donald Trump in a Wednesday afternoon speech at her alma mater, Howard University. She told the crowd that she had already pledged to assist Trump with the transition and ensure a peaceful transfer of power. In his victory speech early Wednesday morning, Trump claimed a "mandate" for his agenda and pledged to put "divisions" in the past. AdvertisementImmediately following her speech, Harris and her running mate, Minnesota Gov.

Persons: Kamala Harris, Donald Trump, Trump, —, Harris, Kamala, Doug Emhoff, Joe Biden, Tim Walz, Jen O'Malley Dillon, Biden, O'Malley Dillon Organizations: Service, Howard University, Trump, Minnesota Gov, Presidential, Business, Democratic Locations: United States

☆ Goldman CEO Solomon reacts to Trump's win, vows to work with the new administration 'in support of sound policies'
▼ + stars: | 2024-11-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +4 min

Goldman Sachs CEO David Solomon on Wednesday commented on Donald Trump's election victoryIn a memo to staff, he said that the bank looks forward to working with Trump on "sound policies." AdvertisementGoldman Sachs CEO David Solomon spoke out Wednesday on the election of Donald Trump as the 47th president of the United States. In a memo to the firm's workforce, Solomon congratulated Trump, who defeated Vice President Kamala Harris in a decisive victory. He said the firm was looking "forward to working with the new administration in support of sound policies that enhance economic growth and financial stability." Related Video How Twitter panic took down Silicon Valley BankMayo also expects a Trump administration to boost dealmaking, including M&A and IPOs — potentially to record levels.

Persons: Goldman Sachs, David Solomon, Donald Trump's, Trump, —, Donald Trump, Solomon, Kamala Harris, Mike Mayo, Mayo, Read, –, David, Emmalyse Brownstein, Reed Alexander Organizations: Trump, Service, Valley Bank Mayo, Global Banking, Markets, Asset, Wealth Management Locations: United States, Wells Fargo, Valley

☆ Read the NYT's postelection memo urging open-minded, fair, and 'unflinching' coverage
▼ + stars: | 2024-11-06 | by ( Lucia Moses | ) www.businessinsider.com time to read: +2 min

New York Times leaders urged the newsroom to be "unflinching" in its coverage after Trump's election win. Trump has vowed to go after the media if he won a second term. AdvertisementThe New York Times urged its newsroom on Wednesday to be open-minded, fair, and "unflinching" in its coverage after former President Donald Trump's stunning election victory. The memo comes as news organizations across the US ready for a second Trump presidency. Trump has called the media an enemy and pledged to go after certain news organizations if he won a second term.

Persons: Trump, —, Donald Trump's, Joe Kahn, Carolyn Ryan, Marc Lacey Organizations: New York Times, Times, Trump, Service, Business, The Times Locations: America

According to the same polls, boomer men supported Trump over Harris 57% to 39% while boomer women chose Harris 52% to 43%. On Monday, Trump, at a battleground on the eve of Election Day, invited Lara Trump and his daughter Tiffany to the stage. The Trump campaign has been pointing to partisan turnout numbers as evidence that he is building an advantage with early voting. Since 1980, nearly every presidential election has seen a split, which in recent decades has shown Democrats winning with women voters. This was the case in 2016, when Hillary Clinton led women by double digits, and in 2020, when President Joe Biden won women voters as well.

Persons: Kamala Harris girding, Liz Cheney, Donald Trump, Harris, Trump, Ann Selzer, “ Harris, ”, Partners Scarlett Maguire, “, Joe Rogan, Lex Fridman, Republican pollster Kellyanne Conway, you’re, Lara Trump, Danica Patrick, Kristi Noem, Morgan Ortagus, Tiffany, Megyn Kelly, Kelly, Nikki Haley, ” Trump, Haley haven't, Cheney, — Trump, Tom Bonier, Covid, Wade, don’t, Lala Johnson, Ned McCarthy, Hillary Clinton, Joe Biden, Harris ’ Organizations: Democratic, Republican, J, Des Moines Register, Democrat, J.L, Boys, MIT, NBC, Trump, Harris, NBC News, Republican National Committee, NASCAR, South Dakota Gov, Pittsburgh, Republicans —, Arizona voters Locations: Trump, Iowa, Harris, Arizona, Roe

☆ Video: Reporters share details of the memo sent to Harris campaign staffers
▼ + stars: | 2024-11-05 | by ( ) edition.cnn.com time to read: 1 min

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☆ Google Workspace chief is stepping down, leaked memo shows
▼ + stars: | 2024-11-05 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

Google's Workspace leader Aparna Pappu is stepping down, per an internal memo. "I'm ready for the next opportunity at Google and stepping down from my current role as GM of Workspace," Pappu told staff last week in a memo viewed by Business Insider. Pappu said she would remain in an advisory position for Workspace before transitioning to a new role within Google. Dischler moved to a new role as Google's president of cloud applications earlier this year after 15 years working on Google's ads. AdvertisementThe shake-up comes at a critical time for Google's Workspace business as it tries to get customers to pay for new generative AI features.

Persons: Aparna Pappu, Jerry Dischler, —, Pappu, Javier Soltero, Anurag Agarwal, Yulie Kwon Kim, Dischler, Thomas Kurian, Pat McCarthy, Bob Frati, That's Organizations: Service, Microsoft, Google, Business, BI

☆ Google curbs politics discussion among employees on U.S. Election Day
▼ + stars: | 2024-11-05 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Google has been moderating and removing employees' internal election-related conversations, CNBC has learned. Despite the warnings, employees continued posting memes related to the election and criticizing the company's policies on Tuesday. The most recent leadership guidance shows the company is taking expanded action to temper internal political discussions. That includes through the company's Google Search, Google News and YouTube services. Google briefly shut down an internal message board this March after employees posted comments about the company's Nimbus contract.

Persons: Sundar Pichai, Pichai, Donald Trump Organizations: Google, CNBC, Tuesday's, Monday, YouTube, Republican, Amazon, U.S . National Labor Board Locations: Tuesday's U.S, U.S

☆ In all-hands meeting, Amazon CEO says RTO mandate not a 'backdoor layoff'
▼ + stars: | 2024-11-05 | by ( Eugene Kim | ) www.businessinsider.com time to read: +5 min

Business Insider obtained a recording of Amazon CEO Andy Jassy's latest all-hands meeting. Jassy said Amazon's RTO policy is not a 'backdoor layoff' strategy. The RTO policy aims to strengthen company culture, not cut costs, he said. This is very much about our culture and strengthening our culture," Jassy said, adding that the only city Amazon notified ahead of time about its RTO mandate was Seattle. Amazon Web Services CEO Matt Garman said in a staff meeting last month that 9 out of 10 Amazon employees he'd spoken with were "excited" by the change.

Persons: Andy Jassy's, Jassy, Amazon's, —, Andy Jassy, Matt Garman, there's, I'm, it's Organizations: Amazon, Service, Business, Web Locations: Seattle

☆ Inside the litigation election, where lawyers on both sides are duking it out in the courts like never before
▼ + stars: | 2024-11-04 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +9 min

"While Democrats continue to interfere in our election and dismantle election safeguards, we are protecting the vote for all Americans." The Trump campaign declined to comment for this story, referring BI to Zunk's statement. Harris' campaign referred BI to a previous interview with a campaign spokesperson discussing litigation strategy. AdvertisementDemocrats, they say, have already intervened in "dozens of baseless Republican lawsuits to debunk their lies and defeat them in court." Advertisement"The Republican litigation strategy doesn't seem to follow any particular rules, but really is an attempt to throw anything against the wall and see if anything sticks," he said.

Persons: Trump, —, Donald Trump, Kamala Harris, John Hardin Young, Sandler Reiff Lamb, Young, Harris, Claire Zunk, Dana Remus, Joe Biden's, Monica Guardiola, Marc Elias, Patrick T, Fallon, Sophia Lin Lakin, Lakin, graf, Jason Torchinsky, Holtzman Vogel, Torchinsky, Elias, It's Organizations: Republicans, Democrats, Service, Republican, Democratic, Trump, Republican National Committee, RNC, Trump Republicans, Business, White, Democratic National, District of Columbia, Stanford, MIT, American Bar Association, Getty, Appeals, American Civil Liberties Union, The ACLU Locations: Washington, Georgia, Pennsylvania, Michigan, North Carolina

The FBI identified Joseph Adams in this Jan. 6 bodycam footage. The FBI identified this man, circled in yellow, as Robert Piccirillo. Hundreds of other Jan. 6 rioters have been identified by the FBI and online sleuths investigating the Capitol attack, but have not been arrested. Trump promises pardons if re-electedThe fate of the Jan. 6 investigation hinges on the results of Tuesday’s election. Trump has repeatedly said he would “absolutely” pardon Jan. 6 rioters and denounced the Justice Department’s investigation.

Persons: WASHINGTON, Donald Trump, ”, sniffled, Troy Weeks, Aquilino, Weeks, “, ” Gonell, Weeks “, ” Troy Weeks, —, Edward Kelley, Kelley —, FBI Kelley, ” Robert Piccirillo, Bobby Pickles ”, Piccirillo, Richard Andrews, Keith Andrews, FBI Richard Andrews, FBI David Joynt, Joseph Adams, headfirst, Aaron Spanier, Robert Piccirillo, Andrew Shea, Shea, ” Shea, Trump, Jan, Department’s, Kelley, ” Jan, “ Trump, David Joynt, Ronald Reagan, Trump’s, he’d, ” Weeks, you’ve Organizations: Capitol Police, Capitol, Metropolitan Police, FBI, U.S . Capitol —, Federal Bureau of Investigation, New York Times, Washington , D.C, Authorities, Capitol . FBI, Trump, pitchfork, Republicans Locations: Washington, Tennessee, Florida, Palm, New Jersey, Jan, Washington ,, West Virginia, North Carolina, “, Illinois, Israel

Clad in dress clothes, the man identified himself as a private investigator and said he was conducting a criminal investigation into election fraud. “You’re not going to come in here, grill me like this and I’m not going to find out what’s going on.”Barry County Sheriff Dar Leaf. Bridget Bennett / Reuters fileShe soon learned that the deputy and the private investigator had visited other township offices as part of an effort to find evidence of election fraud. And the man responsible for it was the top lawman in the area — Barry County Sheriff Dar Leaf. Leaf fashions himself as a “constitutional sheriff.” Sheriffs like him see themselves as holding supreme authority in their counties, exceeding that of state and federal law enforcement officials.

Persons: ”, Robin Hawthorne, Hawthorne, Emily Elconin, “, “ You’re, I’m, Dar Leaf, Bridget Bennett, Matt Sanderson, Frank Figliuzzi, ” Figliuzzi, Trump, Leaf, Richard Mack, Mike Lindell, Michael Flynn, Mack, America ”, Mark Abramson, Chris Schmaling, Calvin Hayden, Johnson, “ I’ve, ” Hayden, Gretchen Whitmer, ” Leaf, it’s, Joe Biden, Stefanie Lambert, Sidney Powell, Doug Van Essen, Van Essen, Biden, Hillary Clinton, Van, ” Van Essen, “ He’s, Barry, ” — Lindell, Leaf’s, Lambert, Hilson, ” Lambert, he’s, ” Hawthorne, Kamala Harris, Jan, she’s, “ I’m Organizations: Republican, Dar, Sheriffs, FBI, Trump, U.S, Constitutional Sheriffs, Peace Officers Association, Las Vegas, gestapo, U.S . Army, CSPOA Conference, NBC, Associated Press, Michigan, Fox, Biden, Michigan Attorney General’s, Reuters, Leaf, Texas Attorney General’s, Sheriff’s Locations: Rutland, Township, Michigan, Rutland Charter Township , Michigan, ” Barry County, Barry County, Washington, Wisconsin, Arizona, Las, America, Las Vegas, Racine County , Wisconsin, Johnson County , Kansas, Mack's, Dar Leaf, Grand Rapids, Detroit, reddest, Van Essen, “, Rutland Charter Township, Woodlawn Township

☆ The U.S. has a new strategy for combating foreign election interference, but will it work?
▼ + stars: | 2024-11-01 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +10 min

Last week, a video popped up on social media falsely claiming to show someone ripping up ballots in Bucks County, Pennsylvania. Instead of relying on flagging suspected foreign disinformation posts to social media companies, U.S. authorities are declassifying information about foreign election interference in an unprecedented way, seizing web domains and issuing indictments that have exposed the mechanics of Russian and Iranian information warfare, officials and researchers said. U.S. intelligence officials later said Russian “influence actors” were behind the false story. And social media companies, under intense legal and political pressure from Republican critics, have scaled back or scrapped teams in recent years that used to take down inflammatory or conspiratorial content. The combination of homegrown falsehoods about “stolen” election conspiracies, surging foreign disinformation campaigns and a laissez-faire approach by tech firms threatens to undermine the foundations of American democracy, experts and lawmakers said.

Persons: “, ”, Paul Kolbe, ” Kolbe, haven’t, Biden, Yuri Kadobnov, Donald Trump’s, Matthew Olsen, — we’ve, Bret Schafer, ” Schafer, Esteban Ponce de, Tim Walz, Walz, Trump, Kathleen Hall Jamieson, ” Jamieson Organizations: FBI, Justice Department, Central Eurasia, CIA, Media, Russia, Getty, Kremlin, Alliance, Securing Democracy, NBC, Atlantic Council, Forensic Research, Democratic, Gallup, Republican, Democracies, University of Pennsylvania’s Annenberg School for Communication Locations: Bucks County , Pennsylvania, Russia, Iran, China, Cuba, Moscow, Tehran, Tennessee, United States, AFP, Esteban Ponce de León, Pennsylvania, Minnesota, Russian, Vietnam

☆ Dozens of Goldman Sachs executives are about to get the call of a lifetime
▼ + stars: | 2024-11-01 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Goldman Sachs is gearing up to name a new class of partners. AdvertisementAs soon as next week, several dozen Goldman Sachs employees will receive the honor of a lifetime: being named a partner at the prestigious Wall Street bank. "Making partner at Goldman Sachs is a rigorous and competitive process," Tony Fratto, Goldman's head of communications, said in a statement. They can also help direct the bank's philanthropic spending through Goldman Sachs Gives, which the company says has granted $2.5 billion to more than 10,000 nonprofits. Are you a Goldman Sachs insider?

Persons: Goldman Sachs, —, Goldman, David Solomon, Paul Argenti, Morgan Stanley, Tony Fratto, you've, I've, gravitas Goldman, Argenti, they've, Solomon, dealmaking, Goldman's, Russell Horwitz, Reed Alexander Organizations: Service, CNBC, Dartmouth College, Citigroup, Bank of America, Partners, Goldman, Financial, Reading, Investment, BI Locations: New York, London

☆ Dozens of Goldman Sachs executives are about the get the call of a lifetime
▼ + stars: | 2024-11-01 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

Goldman Sachs is gearing up to name a new class of partners. AdvertisementAs soon as next week, several dozen Goldman Sachs employees will receive the honor of a lifetime: Being named a partner of the prestigious Wall Street bank. Advertisement"Making partner at Goldman Sachs is a rigorous and competitive process," Goldman spokesperson Tony Fratto said in a statement. They can also help direct the bank's philanthropic spending through Goldman Sachs Gives, which the company says has granted $2.5 billion to more than 10,000 nonprofits. Are you a Goldman Sachs insider?

Persons: Goldman Sachs, —, Goldman, David Solomon, Paul Argenti, Morgan Stanley, Tony Fratto, you've, I've, gravitas Goldman, Argenti, they've, Solomon, dealmaking, Goldman's, Russell Horwitz, Reed Alexander Organizations: Service, Dartmouth College, Citigroup, Bank of America, Goldman, Financial, Partners, Reading, BI Locations: New York, London

“I have a plan and strategy,” Ivan Raiklin, a former Green Beret and political operative who has close ties to associates of Trump, told a group of Pennsylvania activists earlier this month. Four years ago, Trump’s unsuccessful efforts to overturn his loss to President Joe Biden didn’t truly materialize until after the election. Brian Snyder/ReutersBut this time around, MAGA activists have been planning to undermine a potential Harris victory well in advance of the election, with some even arguing that state legislators should simply ignore the election results and award electoral votes to Trump by default. “Those looking to overturn the election are way ahead of where they were in 2020,” said Harris. Trump himself has echoed some of the conspiracy theories pushed by his supporters, suggesting that election fraud is rampant in 2024.

Persons: Donald Trump’s, –, Kamala Harris, “, Ivan Raiklin, Trump, Ford Fischer, News2Share, Harris, Joe Biden didn’t, Brian Snyder, MAGA, ” Marc Harris, CNN he’s, ”, Emerald Robinson, ” Patrick Byrne, Greg Locke, Kamala, ” Locke, ” Joe Hoft, Steve Bannon, They’ve, Jamie Raskin, Axios, Raskin, Marjorie Taylor Greene, ” Greene, ” Lara Trump, ” Karoline Leavitt, Andy Harris, Hurricane Helene, disenfranchise, Mike Pence, Raiklin, Mark Finchem, ” Noel Fritsch, ” Fritsch, Fritsch, Karen Brinson Bell, Derek Muller, “ It’s, ” Muller, there’s, Michael Flynn, Flynn, Donald Trump, Andrew Caballero, Reynolds, Donald ”, denialism, Devin Burghart, Pastor Mark Burns of, ” Burns, Burns Organizations: CNN, Green Beret, Trump, Freedom, Reuters, Department of Homeland Security, Federal Bureau of Intelligence, Capitol, Democratic, Democratic Maryland Rep, GOP Georgia, Capitol Police, Republican National Committee, Team Trump, RNC, White, Caucus, Republican, University of Notre Dame, Washington DC, Getty, Colorado’s Department of Public Safety, Property, Global, Institute for Research, Human Rights, America Locations: America, Greeley , Pennsylvania, Tennessee, United States of America, North Carolina, Hurricane, Arizona, Florida, Raiklin, Washington, AFP, Pastor Mark Burns of South Carolina, United States

☆ Israel’s military leaders signal their work in Gaza and Lebanon is done. Will Netanyahu listen?
▼ + stars: | 2024-10-31 | by ( Mick Krever | ) edition.cnn.com time to read: +5 min

It comes as Lebanon’s prime minister says that a ceasefire between Hezbollah and Israel could be imminent. In Gaza, he said, “if we take out the northern Gaza Brigade commander, it’s another collapse…. Amir Cohen/ReutersIsraeli Prime Minister Benjamin Netanyahu has repeatedly pledged “absolute victory.” His defense minister and longtime political tormentor Yoav Gallant has bristled at that goal. That’s a far cry from the existing, maximalist war aim of eliminating Hamas’ military and governance capabilities. A spokesperson for the prime minister declined to comment.

Persons: –, ” Herzi Halevi, Staff Herzi Halevi, Amir Cohen, Benjamin Netanyahu, ”, Yoav Gallant, ” Gallant, Najib Mikati, Amos Hochstein, Israel, Hassan Nasrallah, Mikati, Ariel Hermoni, Gallant, “, Netanyahu Organizations: Jerusalem CNN, Israel Defense Forces ’, “, General Staff, Hezbollah, Gaza, Staff, Reuters, CNN, Defense, State Locations: Jerusalem, Lebanon, Gaza, Israel, there’s, Reuters Israeli, we’re, Iran, Qatar

U.S. officials expect that in the coming weeks, Iran is likely to contact individual Americans directly to try to influence how they vote, stir societal divide or incite violence, according to three sources with knowledge of U.S. intelligence reporting on the issue. The U.S. intelligence community noted this month that Iranian hackers appear to have gained access to some Americans’ voting records, as they did in 2020. Last week, U.S. intelligence officials told reporters that both Iran and Russia were continuing propaganda operations to influence American voters and society. A spokesperson for Iran’s mission to the United Nations didn’t respond to a request for comment, but officials for Tehran have routinely denied American accusations of election influence campaigns. In the leadup to the 2020 election, U.S. officials announced that Iran was behind an ambitious effort to sow election discord.

Persons: ”, John Hultquist, Donald Trump, ” Max Lesser, we’ve, IRGC, desecraters Organizations: Google’s Threat Intelligence Group, United Nations, Foundation for Defense of Democracies, NBC News, “, Islamic Revolutionary Guard Corps, Department, Trump militia, Google, Haaretz Locations: Iran, U.S, Sweden, Israel, Russia, Tehran, Florida, Swedish

☆ Bringing manufacturing back to the US is a $10 trillion opportunity for the economy, Morgan Stanley says
▼ + stars: | 2024-10-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Morgan Stanley estimated that bringing manufacturing back to the US could add $10 trillion to the economy. The bank pointed to a 20-year stagnation of the industrial economy as production was sent offshore. AdvertisementThe US economy could unlock trillions in value over the next decade if more manufacturing activity comes back to the US, according to Morgan Stanley. The Biden administration, meanwhile, has poured billions into its push to increase chip production in the US and boost the manufacturing and industrial sectors. The cumulative effects could be "pretty profound" across the US economy, Snyder said, with the boost to industry and manufacturing bound to raise GDP.

Persons: Morgan Stanley, —, Chris Snyder, Snyder, Morgan Stanley's, Trump, Biden Organizations: Service, Biden, of Supply Management, Commerce Department, Economic

☆ Jim Cramer says CEOs must properly explain the bad news in every quarter
▼ + stars: | 2024-10-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday discussed the tricky nature of bad quarters, saying management needs to explain and not gloss over any misses or poor results. Cramer said every earnings shortfall is "nuanced beyond belief," with some more difficult for Wall Street to parse than others. The company, which had been seeing success with its popular weight loss and diabetes drugs, failed to properly explain its shortfall, Cramer said. And while management from Wingstop highlighted the bright spots of the quarter, they largely did not acknowledge the earnings miss, he continued. AMD, Eli Lilly and Wingstop did not immediately respond to request for comment.

Persons: CNBC's Jim Cramer, Cramer, Eli Lilly, Wingstop, Wednesday's, Eli Lilly's Organizations: Investors, AMD, Nvidia, Wingstop

☆ Former Avenue Capital employee in a legal fight with billionaire boss Marc Lasry claims she was offered $5 million to 'settle without an attorney'
▼ + stars: | 2024-10-30 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

A former Avenue Capital fundraiser claims Marc Lasry offered her a $5 million settlement in May. Earlier this month, Lasry filed a lawsuit against Gina Strum, claiming she was trying to extort $50 million. AdvertisementBillionaire Avenue Capital cofounder Marc Lasry offered a former female employee who accused him of years of sexual harassment a $5 million settlement in May, according to new legal filings from Gina Strum's lawyers. The suit included texts and emails from Strum that Lasry's legal team said demonstrated Strum's obsession with her billionaire boss. AdvertisementDays after Lasry filed his suit, Strum responded with her own lawsuit, claiming years of sexual harassment and unwanted touching from Lasry.

Persons: Marc Lasry, Lasry, Gina Strum, —, Gina Strum's, Plaintiff Lasry, doesn't, Strum, CK, Marc Lasry's, Hoffler Organizations: Capital, Service, Milwaukee Bucks, Democratic, Strum Locations: New York

☆ Dropbox lays off 20% of employees and joins Big Tech's flattening trend. Read CEO Drew Houston's memo.
▼ + stars: | 2024-10-30 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

Dropbox is laying off 528 employees, about 20% of its workforce, and making the company flatter. AdvertisementDropbox is the latest major company to slash its staff and flatten its organizational structure. "We've heard from many of you that our organizational structure has become overly complex, with excess layers of management slowing us down." Mark Zuckerberg instituted manager cuts and increased the average number of direct reports for Meta managers after complaining about "managers managing managers." Houston's memo to employees at the time also attributed those layoffs to headwinds and freeing up investment bandwidth for more products powered by artificial intelligence.

Persons: Drew Houston, —, I'm, Houston, We've, Andy Jassy, Mark Zuckerberg, Dropbox Organizations: Service, —, Amazon

☆ How the cost of housing is expected to change under Trump or Harris
▼ + stars: | 2024-10-30 | by ( Allie Kelly | John L. Dorman | ) www.businessinsider.com time to read: +7 min

Detailed below is what Harris and Trump have proposed in order to address these worries. Vice President Kamala Harris and former President Donald Trump have both pledged to address high prices by boosting the supply of homes. Related storiesThe Democratic candidate also said she plans to expand the existing low-income housing tax credit, which incentivizes the rehabilitation or building of housing targeted at lower-income households. As president, Trump proposed major cuts to the federal Department of Housing and Urban Development's budget, including slashing housing assistance and community development aid. AdvertisementWhile in office in 2017, Trump proposed a budget for the 2018 fiscal year that would have significantly cut rural housing subsidies.

Persons: Harris, Trump, —, Kamala Harris, Donald Trump, Daryl Fairweather, Redfin, Fairweather, Jessica Lautz, multifamily Organizations: Service, Business, Democratic, Peterson Institute for International Economics, Builders, of Housing, Urban, National Association of Realtors, Democratic Party Locations: America

☆ Read the letter sent to AWS CEO Matt Garman, signed by 500 employees, protesting his RTO comments
▼ + stars: | 2024-10-30 | by ( Jyoti Mann | Ashley Stewart | ) www.businessinsider.com time to read: +13 min

AWS CEO Matt Garman has been sent a letter from employees protesting his pro-RTO comments. Over 500 employees have signed a letter, sent on Wednesday, urging Garman to reconsider the plans. AdvertisementAmazon Web Services CEO Matt Garman is facing backlash from some employees over his comments about its return-to-office policy, according to an open letter obtained by Business Insider. The policy is stricter than at Amazon's peer companies and, by some accounts, stricter than Amazon's office work policy before the pandemic. The letter has been signed by 523 staff from Amazon and AWS, with 172 of those including their names.

Persons: Matt Garman, Garman, —, Matt doesn't, Elizabeth Rutledge, Garman's, Andy Jassy, Margaret Callahan, we're, Amazon's, Jyoti Mann, Ashley Stewart Organizations: Service, Web, Business, AWS, BI, American Express, Amazon Locations: jyotimann

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