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☆ How 9 newly minted Goldman Sachs partners celebrated their big day, from shouting across the trading floor to popping Champagne in the office
▼ + stars: | 2024-11-12 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +15 min

Goldman Sachs is a leading investment bank for corporate dealmaking and trading, and its partners represent less than 1% of roughly 46,000 employees. On average, Goldman's newest partners have spent 16 years rising in the ranks, the bank said last week. "It's like a wedding and birthday wrapped up in one amazing moment that you keep reliving," one new partner said. Here's a glimpse inside the big day of nine of Wall Street's up-and-coming executives, including what they did to mark the occasion. Related storiesI happened to be stepping into a meeting with the Arthur Miller Foundation — an amazing nonprofit that supports theater teachers in schools across NYC and beyond — just as John called.

Persons: Goldman Sachs, David Solomon, —, revel, John Waldron, Wall, Rob Barlick, Robert Barlick, Goldman Sachs David, It's, that's, Lyla Bibi, Bibi Goldman Sachs, Bracha Cohen, Marco Argenti, I've, Matt Doherty, Matt Doherty Goldman Sachs, David, Kristin Olsen, Marc Nachmann, Shane Lee, Vishaal Rana, Goldman Sachs David Solomon, Aaron Siegel, Aaron Siegel Goldman Sachs, Hayley, Arthur Miller, John, –, Craig Smart, Craig Smart Goldman Sachs, Kristin, Marshall Smith, Sylvia Yeh, Sylvia Yeh Goldman Sachs, Reed Alexander Organizations: Partners, Service, Valley Bank, GS, Goldman Sachs Asset Management, Arthur Miller Foundation, Goldman Locations: Valley, Florida, America, New York, New York City, —, Goldman Sachs

☆ The common national experience that explains Trump’s 2024 gains
▼ + stars: | 2024-11-12 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +15 min

Biden in 2020 did not gain ground across the country in as large a percentage of counties as Trump did in 2024. In 2020, Biden won Michigan, Pennsylvania and Wisconsin, the three former “blue wall” states that decided the election, by a combined 257,029 votes. “In 2020, Biden picks up everywhere. In 2020, Biden won only a little more than one-sixth of the nation’s counties, but the places he captured generated over 70% of the nation’s total economic output. The highest-output counties Trump flipped were almost entirely in the Sun Belt: from Hillsborough (Tampa) and Tarrant (Fort Worth) to Maricopa (Phoenix).

Persons: Donald Trump’s, Kamala Harris, Trump, Joe Biden’s, Trump hasn’t, Biden, ”, Alan Abramowitz, Harris, Harry Truman, Lyndon Johnson, Republican George W, Bush, Lynn Vavreck, “, Barack Obama, John Kerry’s, Obama, Hillary Clinton, Mitt Romney, Abramowitz, That’s, Vavreck, Trump’s, —, ” Vavreck, Mark Muro, Muro, Brookings, Elon Musk, ” Muro, NORC Organizations: CNN, Trump, Emory University, GOP, Biden, Republican, UCLA, Daily, Rural Studies, Michigan, White, Colorado and, Brookings Metro, Republicans, Democratic, Truman, Elon, Edison Research, Associated Press Locations: nation’s, nonmetropolitan, Nevada, Pennsylvania, Wisconsin, Iowa, Ohio, Colorado, Colorado and Virginia, Trump, Hillsborough, Tampa, Tarrant, Fort Worth, Maricopa, Phoenix

☆ How Trump could exploit a looming global struggle for rare-earth minerals
▼ + stars: | 2024-11-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

The power grab over rare-earth minerals in Central Asia could be among the issues he will seek to exploit. AdvertisementA power struggle over rare-earth mineralsAt stake for the US in Central Asia is not just political power but access to the region's reserves of rare-earth minerals such as uranium, lithium, and tantalum. Rare-earth minerals are needed to make all sorts of products, from F-35 stealth fighters and smartphones to internet fiber-optic cables and MRI machines. It produces around 60% of the world's rare-earth minerals and processes nearly 90%, according to the Center for Strategic and International Studies. "There are rare-earth minerals worth exploring/exploiting, and if the US/EU could strike a major deal with [Kazakhstan's capital] Astana, this would certainly contribute to breaking China's monopoly," said Wolff.

Persons: Donald Trump, —, Vladimir Putin, Xi Jinping, Xi, Putin, he'd, Wilder Alejandro Sánchez, ALEXANDER RYUMIN, Emmanuel Macron, Olaf Scholz, John Herbst, Stefan Wolff, Wolff, Herbst, Trump Organizations: Service, Putin, The Republican, Biden, Getty Images, Center for Strategic, International Studies, University of Birmingham, BI, Trump, EU, Astana, Central Asia Summit, Getty Images Central, Central, China Locations: Russia, China, Central Asia, Mongolia, Saudi, Getty Images China, Kazakhstan, Uzbekistan, Xian, Shaanxi, FLORENCE, Ukraine, Soviet Union, Washington, Moscow, Beijing

☆ AWS is negotiating a huge deal to supply IBM with Nvidia GPUs via the cloud
▼ + stars: | 2024-11-12 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

AWS is negotiating a potential $475 million AI cloud deal with IBM. Under such a deal, IBM would use AWS's EC2 servers that come equipped with Nvidia's AI chips, the document stated. The negotiations also highlight continued demand for Nvidia GPUs. Efforts here have been mixed so far, and it's unclear if an IBM deal would include access to these homegrown Amazon components. AdvertisementStill, an AI cloud deal like this would be a further boost for AWS.

Persons: —, Andy Jassy, Jassy Organizations: IBM, Nvidia, Service, Web Services, Business, IBM Research, AWS, Watson, Amazon

☆ European Google rivals partner on search engine infrastructure to counter Big Tech
▼ + stars: | 2024-11-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

The two internet search firms agreed a joint venture, called the European Search Perspective or EUSP, with ownership split 50-50 between both firms. Why build a European search index? Currently, alternative search engines like Ecosia, Qwant and DuckDuckGo don't develop their own back-end infrastructure. The new venture will see them build their own search index from scratch, however, amassing results from a mix of different search engines. Both companies will use the search index themselves but the tech will also be made available to other independent search engines and tech firms.

Persons: Nikolas Kokovlis, Portugal —, it's, Christian Kroll, DuckDuckGo, Bing, Olivier Abecassis, Abecassis, Kroll, Donald Trump, Ecosia's Kroll, ChatGPT Organizations: Nurphoto, Getty, Google, . Big Tech, Microsoft, CNBC, European Union, The, Markets, Big Tech, U.S Locations: LISBON, Portugal, France, Berlin, Paris, Qwant, United States, Russia, Europe, Ukraine

☆ Russia masses troops for Kursk offensive; Putin-Trump call denied by Kremlin
▼ + stars: | 2024-11-11 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +4 min

The Kremlin on Monday denied that Trump had spoken with Russian President Vladimir Putin. Ukraine and its allies have warned a counteroffensive in Kursk was likely for weeks, and said that thousands of North Korean troops were among the force assembled by the Kremlin in Kursk. As Russia continues its offensive, Ukraine is also reckoning with a shifting political landscape as its biggest backer elects a new president. However, Kremlin spokesperson Dmitry Peskov on Monday denied a Washington Post report, citing multiple unnamed sources, that Trump had spoken with Putin. Ukrainian officials said that at least two people were injured and buildings were damaged by Russian drone strikes on the southern region of Odesa.

Persons: ”, Oleksandr Syrskyi, Donald Trump’s, Trump, Vladimir Putin, ” Syrskyi, Volodymyr Zelenskyy, Putin, Zelenskyy, Elon Musk, Dmitry Peskov, ” Peskov Organizations: Monday, Kremlin, Korean, Ukrainian, Pentagon, Tech, Elon, Washington Post Locations: Russia, Kursk, Ukraine, U.S, United States, Moscow, Russian, Odesa

☆ Mattel’s ‘Wicked’ movie dolls mistakenly list pornography site on packaging
▼ + stars: | 2024-11-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +2 min

Something wicked this way comes on the packaging of Mattel‘s “Wicked” dolls. There’s a website listed on the toy box, but instead of linking to the webpage for the movie adaptation of the Tony-winning musical, starring Cynthia Erivo and Ariana Grande, Mattel has mistakenly listed the URL to a pornographic website. “Hey @Mattel whoever is responsible for your marketing/packaging for the new official Wicked dolls have made a HUGE mistake,” one person wrote on X. “What a dream come true to be realized as Elphaba and Glinda in the form of Sweet Little dolls,” Erivo captioned the post. “Little Cynthia and little Ari are pleased.”Universal Pictures is owned by NBC Universal, the parent company of NBC News.

Persons: Tony, Cynthia Erivo, Ariana Grande, Mattel, “ Mattel, Elphaba, Glinda, “, Grande, “ Little Cynthia, Ari Organizations: Mattel, Universal Pictures, Variety, Consumers, Service, Target, Universal, ” Universal Pictures, NBC Universal, NBC News Locations: U.S, Angeles

☆ Melania Trump taps Goldman Sachs exec for help staffing her team
▼ + stars: | 2024-11-11 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +2 min

Melania Trump is turning to John Rogers, Executive VP at Goldman, for help during the transition. Rogers and Trump worked together during her first term as First Lady. AdvertisementFormer and future First Lady Melania Trump is turning to John Rogers, a partner at Goldman Sachs, for staffing advice during the transition to the White House, Semafor reports. Trump and Rogers have worked together before, when he served as advisor during her first term as first lady. Related VideoRepresentatives for Melania Trump and Goldman Sachs did not immediately respond to a request for comment.

Persons: Melania Trump, John Rogers, Trump, —, Goldman Sachs, Rogers, He's, Ronald Reagan Organizations: Goldman, Rogers, Service, White, Goldman's, Historical Association, CNBC

☆ Ukraine launches drone attack on Moscow, shutting down airports
▼ + stars: | 2024-11-10 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +4 min

Ukraine launched its largest drone attack on the Russian capital city of Moscow since the war began in 2022, injuring one person and forcing three major airports to divert flights, as Russia fired an unprecedented 145 drones against Ukraine. Russia’s ministry of defense said it “intercepted and destroyed” 34 drones over Moscow following the latest strikes on the capital. Rescuers at the site of a drone attack in the village of Stanovoye, Moscow region, on Sunday. OLEKSANDR GIMANOV / AFP - Getty ImagesAcross the border, Ukrainian President Vlodymyr Zelenskyy said Sunday that Russia launched "a record 145 Shaheds and other strike drones against Ukraine" on Saturday night. Ukrainian officials said at least two people were injured and buildings were damaged as Russia launched an overnight attack on the southern region of Odesa.

Persons: Andrei Vorobyov, Russia’s, “, TATYANA MAKEYEVA, Moscow’s, Sir Tony Radakin, Radakin, OLEKSANDR GIMANOV, Vlodymyr Zelenskyy, Zelenskyy, ” Alexander Bogomaz, Zelenksyy Organizations: Rescuers, Getty, United, BBC, State Emergency Service of, Sunday, Pentagon, Korean, Ukrainian Locations: Ukraine, Moscow, Russia, Stanovoye, AFP, ”, Russian, Odesa, Ukrainian, State Emergency Service of Ukraine, Ukraine's, Donetsk, Kaluga, Bryansk, Oryol, Kursk, “, United States

Sanders added it is “problematic” if schedule F is being used to reinforce and maintain political loyalty. The spoils system was replaced by the current merit-based system where career employees serve multiple administrations, carrying out their jobs independent of politics. The Biden administration erected temporary roadblocks at the federal Office of Personnel Management – rules aimed at protecting federal workers from retaliatory mass firings. The District of Columbia itself has the largest individual chunk of federal workers in any state or territory, with more than 162,000. But it could also be devastating to employment in states that went to Trump, where roughly 967,000 federal workers live.

Persons: Donald Trump, Trump, ”, Ronald Sanders –, Trump’s, –, Sanders, Max Stier, “, ” Stier, didn’t, Karoline Leavitt, Biden, Will Lanzoni, Elon Musk, Mandy Gunasekara, Everett Kelley –, Joyce Howell, “ They’re, Marie Owens Powell, Sunlen Serfaty, Tierney Sneed Organizations: CNN, Trump, Energy Department, Environmental Protection Agency, Partnership for Public Service, Management, DC, of Columbia, Convention Center, Land Management, EPA, Unions, American Federation of Government Employees, AFGE, ”, American Civil Liberties Union, Democracy Locations: Maryland, Virginia, Beach, West Palm Beach , Florida, Washington, Colorado

☆ The directors of A24's new horror film used their movie to slam Hollywood's 'weird' use of AI
▼ + stars: | 2024-11-09 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +4 min

"Heretic," the newest horror movie from indie studio A24, doesn't use any generative AI. AdvertisementA24's new horror movie "Heretic" is a terrifying rumination on faith and belief. But the duo still chose to include a disclaimer in their film's end credits stating that no generative AI was used to make their movie. They're specifically talking about generative AI, in which the technology creates new images, videos, or text content. "'Heretic' is very much a personal movie," Beck said.

Persons: Scott Beck, Bryan Woods, —, Hugh Grant, Beck, Woods, Sophie Thatcher, Chloe East, creatives, Romulus, Casey Affleck, Jason Blum Organizations: Hollywood, Service, Blumhouse, Meta

☆ Drew Brees says he's a 'very common-sense dieter.' Here are 5 simple wellness rules he lives by.
▼ + stars: | 2024-11-09 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +2 min

Super Bowl-winning quarterback Drew Brees retired from the NFL in 2021. Brees told BI he chooses activities "out of enjoyment" now that his playing days are over. But what happens to these NFL stars' wellness routines after they retire? For Super Bowl-winning quarterback Drew Brees, who spoke to BI through his partnership with digital automotive platform CarGurus, wellness in retirement is all about sticking to the basics. From focusing on sleep to eating organic, here are five wellness rules Brees lives by.

Persons: Drew Brees, dieter, —, Jimmy Kimmel, Russell Wilson, Derrick Henry's, Z, Brees Organizations: NFL, Brees, Service, Athletic, Bowl

☆ Piper Sandler says Trump will usher in a wave of mainstream crypto adoption — so buy these stocks
▼ + stars: | 2024-11-09 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

"Its monetized crypto offering is significantly more robust than traditional retail brokerage peers, with over 15 tokens available to trade," the analyst wrote of Robinhood. Still, Moley's $30 price target on Robinhood is only a fraction above where the stock closed Thursday. Moley's $250 price target implies that CME stock could add another 13% over the next 12 months. Moley's $35 price target is nearly 5% higher than where the stock closed on Thursday. Shares of Cboe have added 12% this year, trailing the broader market, and Moley's $220 price target implies an additional 9% upside.

Persons: Trump, Piper Sandler, Cryptocurrency, bitcoin, Patrick Moley, Moley, HOOD Organizations: CME Group, CME, BTC, ETH, Virtu, Derivatives, Clearing Locations: U.S

☆ The youngest member of Goldman's 2024 partner class takes us inside his big day, from his call with President John Waldron to celebrating with his boss
▼ + stars: | 2024-11-09 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

Feroz Khosla, part of Goldman Sachs' financing group, was named a Goldman partner on Thursday. AdvertisementFeroz Khosla was seated at his desk at Goldman Sachs' lower Manhattan headquarters when the call came in. AdvertisementGoldman Sachs partners comprise the firm's highest-ranking executives outside the C-Suite, responsible for units representing billions of dollars in business. At one point, someone leaned over and said to Khosla's wife: "Welcome to the family," he said. "Goldman Sachs was the first family that I really had when I left India," he said, adding: "Frankly, it's the only jersey I want to wear."

Persons: Feroz Khosla, Goldman Sachs, Goldman, Khosla, —, John Waldron, Waldron, He's, David Solomon, Michael Kovac Champagne toasts, Manhattan . Khosla, Vivek Bantwal, Bantwal, he'd, Lucy, Reed Alexander Organizations: Service, Manhattan ., Education Locations: Manhattan, India, America

☆ Trump still hasn’t signed ethics agreement required for presidential transition
▼ + stars: | 2024-11-09 | by ( Betsy Klein | Alayna Treene | ) edition.cnn.com time to read: +6 min

As president, Trump repeatedly came under fire from ethics groups for potential conflicts of interest relating to his businesses and brands. A source familiar with the process acknowledged that details are still being worked out with the Biden administration regarding the ethics agreement, which is required by law under the Presidential Transition Act and which applies to all members of the transition team. Updates to that bill requiring the ethics pledge were introduced by Trump ally Sen. Ron Johnson, a Wisconsin Republican, and signed into law by Trump himself in March 2020. The Trump team ignored a pair of key preelection deadlines to unlock transition activities with the Biden administration’s General Services Administration and the White House. The ethics agreement was also due by October 1.

Persons: Donald Trump, Biden, Trump, Trump’s, Sen, Ron Johnson, Valerie Smith Boyd, Boyd, Max Stier, Joe Biden’s, Stier, ” Stier, ”, Jeff Zients, Howard Lutnick, Linda McMahon, Jamie Raskin, ” Raskin, George W, Al Gore’s, CNN’s Arlette Saenz, Fredreka Schouten Organizations: CNN, Trump, Wisconsin Republican, Truth, Biden, Services Administration, White, GSA, Center, Public Service, Public, “, Vance Locations: Wisconsin, Maryland, Florida

☆ Basketball is having a moment, and that's good news for Nike
▼ + stars: | 2024-11-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +6 min

Nike recently signed a 12-year deal with the NBA, WNBA, and NBA G League. AdvertisementNike is deepening its partnerships with the NBA and WNBA as basketball explodes in popularity in 2024. That's good news for the company as it tries to get back to its sports roots and reinvigorate sales — and as women's basketball becomes increasingly popular. The sportswear giant announced in October that it signed a 12-year agreement with the NBA, WNBA, and NBA G League to be the exclusive uniform and apparel provider for each league. While Nike started as a running brand, its business has historically been linked with basketball after a 1984 collaboration with Michael Jordan.

Persons: Rachel Wolff, —, John Donahoe, Elliott Hill, Michael Jordan, Jordan Brand, Hill, Sue Bird, Kevin Durant, Jayson Tatum, Nike execs, Adam Silver, Nike It's, Goldman Sachs, Nike's, Caitlin Clark, Simeon Siegel, Siegel, Nike, execs, EMARKETER's Wolff, Wolff Organizations: Nike, NBA, WNBA, NBA G League, Service, Paris Olympics, NCAA, Nielsen, ESPN, G League, Adidas, Bloomberg, Business, Street, BMO Capital Markets, BI, BMO Locations: California, Portland , Oregon, Toronto, EMARKETER

In President-elect Trump, these ascendant insurgents across the pond see a key ally, someone who shares their mix of authoritarianism, populism and extreme hostility to immigration. “We have big plans for the future!” posted Hungary’s Prime Minister Vikor Orbán, an influential Trump friend and ally, calling it “a much needed victory for the World!”Orban visited Trump at his Mar-a-Lago resort in Florida earlier this year. Hungarian Prime Minister Viktor Orban at an EU Summit in Budapest on Friday. The AfD is an anti-immigration, anti-Muslim political party that is being monitored by the country’s domestic intelligence agency for suspected extremism — something it denies. Argentina’s far right, libertarian president, Javier Milei, told Trump he could “count on Argentina to carry out your task.” And Israel’s ultranationalist National Security Minister Itamar Ben-Gvir reacted with a “Yesssss.”

Persons: Donald Trump’s, ”, Vikor Orbán, Trump, ” Orban, András, “, László, aren’t, Viktor Orban, Petr David Josek, Geert Wilders, Giorgia Meloni, Alice Weidel, Stefan Keuter, Christoph Reichwein, Siegbert Droese, ” Stefan Keuter, Vladimir Putin, Putin, Keuter, “ Trump, Javier Milei, Itamar Ben, Gvir Organizations: Trump, Hungary’s, Fidesz, NBC, EU, Washington, WIN, Getty, NBC News, Young Republicans, Nazi, National Locations: Lago, Florida, Budapest, Netherlands, Italy, Washington, Rome, Germany, Essen , Germany, Ukraine, Europe, Argentina

☆ South Korea’s president denies wrongdoing in growing scandal around him and his wife
▼ + stars: | 2024-11-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +6 min

SEOUL, South Korea — South Korean President Yoon Suk Yeol denied wrongdoing on Thursday in a burgeoning influence-peddling scandal involving him and his wife that is severely hurting his approval ratings and providing political munition to his rivals. The political firestorm coincides with South Korea facing a slew of critical foreign policy issues, such as Donald Trump’s election win to become the next president of the United States and North Korea’s reported entry into the Russia-Ukraine war. The opposition party alleges that the conversation proves Yoon provided Myung with political favors in return for free surveys. Lee, a firebrand lawmaker who narrowly lost to Yoon in the 2022 presidential election, is undergoing four separate trials over corruption and various other allegations. Yoon noted that North Korea’s arsenal has significantly advanced since Trump’s diplomacy with Kim collapsed in 2019.

Persons: Yoon Suk, Donald Trump’s, Yoon, Kim Keon Hee, Myung Tae, Myung, “, ” Yoon, ”, Kim Young, Lee Jae, Lee, Yoon —, Shigeru Ishiba, Trump, Kim Jong, Kim, ” “, Biden Organizations: South, People Power Party, Democratic Party, firebrand, Trump, North Locations: SEOUL, South Korea, United States, North, Russia, Ukraine, Washington, Tokyo, Seoul

☆ Microsoft added AI to software it has barely touched since 1985. The results are astonishing
▼ + stars: | 2024-11-08 | by ( John Towfighi | ) edition.cnn.com time to read: +4 min

Microsoft — like its Big Tech competitors — is introducing AI to its consumer products, from virtual chatbot assistants to notetaking and editing tools. In October, Microsoft introduced a sweeping update to its Copilot virtual assistant in an effort to make it more useful and user-friendly, CEO of Microsoft AI Mustafa Suleyman previously told CNN. Microsoft users will also see AI features in Notepad, Microsoft’s writing platform, allowing them to use the new technology to help rewrite or edit sentences. For example, users can type a sentence, and then prompt the AI tool to rewrite the sentence or modify its tone or length. Apple’s “Writing Tools,” an editing tool, is similar to Microsoft’s AI features in Notepad.

Persons: Picasso, OpenAI’s Dall, it’s, Dave Grochocki, Mark Zuckerberg, ” Zuckerberg, Mustafa Suleyman Organizations: CNN, Microsoft, Big Tech, —, Windows, OpenAI, Facebook, Apple Locations: Europe, Notepad

☆ Nissan stock slumps after it announces 9,000 job cuts and a plan to slash production
▼ + stars: | 2024-11-08 | by ( ) edition.cnn.com time to read: +2 min

Nissan Motor shares slumped 6% in Tokyo trade Friday, a day after the Japanese automaker said it would cut 9,000 jobs and a fifth of its manufacturing capacity as it struggles with sales in China and the United States. It said restructuring would cut costs by 400 billion yen ($2.61 billion) in the financial year to the end of March. Nissan is also challenged in the US where it lacks a line-up of hybrids just as that vehicle type is in strong demand. On Friday, Japan’s Minister of Economy, Trade and Industry Yoji Muto declined to comment to reporters when asked his views on potential government support for Nissan. “The company released its mid-term plan this spring, but in the end there was no meaning to that.

Persons: Japan’s, Makoto Uchida, Carlos Ghosn, Industry Yoji Muto, Seiji Sugiura, ” Sugiura, Nissan’s Organizations: Nissan Motor, Nissan, Renault, Japan’s, Economy, Trade, Industry, Tokai Tokyo Intelligence Laboratory Locations: Tokyo, China, United States

☆ It's becoming clearer how Ukraine's first attack on North Korean troops went down
▼ + stars: | 2024-11-08 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Ukrainian forces have struck North Korean troops in Kursk, marking a new phase in the conflict. AdvertisementA Ukrainian official gave Business Insider further details about the first clashes between Ukrainian and North Korean troops in Russia's Kursk, where Ukraine launched a cross-border counteroffensive in August. Andrii Kovalenko, the head of Ukraine's Center for Countering Disinformation, said on Monday that "the first North Korean troops have already come under fire in Kursk Oblast." "An artillery strike was launched against a position where Russians and North Korean military personnel were located," he said. North Korea experts told BI that the military partnership between Moscow and Pyongyang is a win-win for both countries.

Persons: —, Andrii Kovalenko, Rustem Umerov, Rustem, Kovalenko, Volodymyr Zelenskyy, Russia's Organizations: Service, Business, Ukraine's Center, North, BI, North Korean Locations: Kursk, Ukrainian, Russia's Kursk, Ukraine, Kursk Oblast, Korea, Sudzha, Koreans, South Korea, North Korea, Russia, North Koreans, Moscow, Pyongyang

☆ Fed cuts rates again, but Trump's tariff plan sparks inflation fears and market uncertainty
▼ + stars: | 2024-11-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, the Fed cutting interest rates yesterday was never really in doubt . Additional rate cuts aren't as clear, though, as Donald Trump's proposed widespread tariffs could slow down the Fed's plans . The market is indicating inflation could lead the Fed to keep borrowing rates high. AdvertisementGreg McBride, chief financial analyst at Bankrate.com, told Insider Today that Fed Chair Jerome Powell didn't indicate a pause in cuts was coming in December during Thursday's press conference.

Persons: —, MANDEL NGAN, Chelsea Jia Feng, Donald Trump's, Paul Krugman, It's, Chip Somodevilla, Greg McBride, Jerome Powell didn't, Powell, McBride, There's, Dominique Lapointe, Lapointe, Trump, ANGELA WEISS, Morningstar, Trump's, Dave Sekera, Goldman execs, Goldman Sachs, David Solomon, Donald Trump, Jenny Chang, Rodriguez, Elon Musk, David Zaslav, Zaslav, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Getty Images, BI, Federal Reserve, Treasury, Fed, Manulife Investment Management, Morningstar, Elon, Trump, Keystone State, Big Tech's, Walmart, Target, Costco, Big Media, Warner Bros, Discovery, Paramount, Sony Locations: AFP, China, Pennsylvania, New York, London

On the campaign trail, he said Taiwan should pay the US for protection. But a second term for President-elect Donald Trump raises uncomfortable questions for Taiwan at a moment of mounting risks. Advertisement"I think, Taiwan should pay us for defense," Trump told Bloomberg Businessweek in June. Advertisement"There could well be a demand for Taiwan to 'pay' more for its own protection and perhaps to invest in the United States. "The good news for Taiwan is that Taiwan has bipartisan support in the US Congress," Chin said.

Persons: Donald Trump, —, Lai Ching, Lai, Trump, Tsai Ing, Wen, Xi Jinping, he's, Chong Ja Ian, Biden, Abrams, Benjamin Blandin, Blandin, James Chin, Chin, Zhu Fenglian, Zhu, Taiwan's, Ting Yeh Organizations: Service, Taiwan, US, Bloomberg Businessweek, Wall Street, National University of Singapore, Pentagon, Air Missile Systems, Patriot, Yokosuka Council, Pacific Studies, Trump, University of Tasmania, China's Taiwan Affairs Office, Taiwan Watch, Nikkei, China Locations: Taiwan, Beijing, Taipei, China, United States, Yokosuka, Asia, Wall Street, Silicon Valley, Nikkei Asia, Ukraine

Major League Baseball and the Atlanta Braves have raised issues with the reorganization plan and future viability of Diamond Sports Group, the country's largest owner of regional sports networks, according to a Friday bankruptcy court filing. The filing noted that both MLB and the Braves have a vested interest in Diamond Sports succeeding with a reorganization plan, but they are not convinced that the one currently proposed is viable. Meanwhile, Diamond will seek approval of its reorganization plan from a U.S. bankruptcy judge on Thursday. The Friday objection does not mean that the Braves have turned away from Diamond for their regional media rights. On Friday, the Cincinnati Reds said they would exit their regional sport network owned by Diamond, according to a court filing.

Persons: Diamond didn't, Diamond, FanDuel, John Malone's, Malone Organizations: Major League Baseball, Atlanta Braves, Diamond Sports Group, Braves, MLB, Sports, Diamond Sports, Amazon, Bally Sports, Atlanta Braves Holdings, John Malone's Liberty Media, Liberty Media, Diamond, Louis Cardinals, Miami Marlins, Cincinnati Reds

Mascia had been patrolling westbound, State Police Superintendent Steven James said a week ago. Mascia claimed that as he approached the motorist, he was shot, so he retreated behind his police vehicle and the driver fled, James said. Mascia tended to his wound, James said, and called in to report that he had been shot. This week, as part of its investigation, state police executed a warrant at the home Mascia shares with his family on Long Island. Neither the State Police nor the district attorney’s office would disclose what led them to doubt Mascia’s story.

Persons: ” Maj, Stephen Udice, Trooper Thomas Mascia, Mascia, Steven James, James, James said, Udice, “ I’m, ” Udice, ”, “, Anne Donnelly, Jeffrey Lichtman, Joaquín Guzmán Loera, Chapo Organizations: New York State Police, State Police, Southern State Parkway, State, Dodge, Police, Nassau County District Locations: West Hempstead, Nassau County, Manhattan, New Jersey, Long

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