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☆ Justices join debate on Supreme Court's legitimacy after abortion ruling
▼ + stars: | 2022-09-18 | by ( Lawrence Hurley | Lawrence Hurley Covers The Supreme Court For Nbc News Digital. | ) www.nbcnews.com time to read: +9 min

Chief Justice John Roberts, one of the court’s six conservatives, pushed back against some of the criticism in a recent public appearance, saying people should not question the court’s legitimacy just because they disagree with its rulings. It is important that the public think the justices are reaching decisions in good faith based on the law, Girgis said. Sotomayor said at an event in California on Thursday that “there’s going to be some question about the court’s legitimacy” if people think the justices are acting based on politics, according to a Courthouse News Service report. But I don’t understand the connection between opinions people disagree with and the legitimacy of the court,” he said. Conversely, in 1954, Southern states resisted enforcing the landmark Brown v. Board of Education ruling, which ended segregation in public schools.

☆ Cinemas will screen the Queen's funeral. Here's what else is open on Monday
▼ + stars: | 2022-09-18 | by ( Anna Cooban | Cnn Business | ) edition.cnn.com time to read: +5 min

London (CNN Business) Much of Britain will come to a standstill on Monday for the funeral of Queen Elizabeth II . A company spokesperson told CNN Business that its venues would open on Monday "for communities to gather to mourn and reflect together on the life of the Queen." Travelodge, which has 78 budget hotels in London, said its staff were working "around the clock" in preparation for the Queen's funeral. Most major supermarkets — which normally remain open on public holidays for a reduced number of hours — are planning to close for the funeral. Apple AAPL confirmed to CNN Business that it would close all of its 39 stores in the country on Monday.

☆ Cinemas are screening the Queen's funeral. Here's what else is open on Monday
▼ + stars: | 2022-09-18 | by ( Anna Cooban | Cnn Business | ) edition.cnn.com time to read: +6 min

London (CNN Business) Much of Britain came to a standstill on Monday for the funeral of Queen Elizabeth II . A company spokesperson told CNN Business that its venues would open on Monday "for communities to gather to mourn and reflect together on the life of the Queen." Travelodge, which has 78 budget hotels in London, said its staff were working "around the clock" in preparation for the Queen's funeral. Most major supermarkets — which normally remain open on public holidays for a reduced number of hours — are planning to close for the funeral. Apple AAPL confirmed to CNN Business that it would close all of its 39 stores in the country on Monday.

☆ Trump paid his new lead attorney an 'unusually high' $3 million retainer after others rejected him
▼ + stars: | 2022-09-17 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +3 min

Trump put down a $3 million retainer for attorney Christopher M. Kise, a sum that The New York Times called "unusually high." The competency of Trump's current legal team has been questioned by his advisors and others. Christopher M. Kise, formerly the solicitor general of Florida, agreed to defend Trump with an "unusually high" $3 million retainer, The New York Times reported on Friday, citing two unnamed sources familiar with the matter. With Trump facing numerous legal battles, his legal team has also been at the center of controversy since the 2020 election and the January 6 insurrection. A former Trump attorney, Eric Herschmann, has called into question the competency of some attorneys on the team, The Times reported.

☆ Why it's time to start paying with $2 bills
▼ + stars: | 2022-09-17 | by ( Nathaniel Meyersohn | Cnn Business | ) edition.cnn.com time to read: +7 min

So wouldn't it make more sense to start paying with $2 bills instead? BEP doesn't have to request new $2 bills each year, like it does for other bills. Bad luckThe United States first issued $2 bills beginning in 1862, around the time the federal government first started printing paper money. It's also more efficient to print $2 bills than $1 bills because the Treasury can print twice as much for the same amount of money and requires less storage. In short, he concludes, $2 bills are underappreciated in the United States and a way for strangers to meet and engage.

☆ Bed Bath & Beyond is closing 150 stores. Here are the locations confirmed so far.
▼ + stars: | 2022-09-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Bed Bath & Beyond is closing around 150 stores and laying off staff. It has now named 56 of the stores set to close across 21 states. By laying off staff and closing the stores, the company said it planned to reduce costs by $250 million in 2022. Sales in the second quarter had slumped roughly 26% compared to the same period in 2021, Bed Bath & Beyond said in preliminary earning results. The struggling retailer has now revealed the location of 56 of the stores being closed, spanning 21 states and Puerto Rico.

☆ California is suing Amazon, accusing it of inflating prices and crushing competition
▼ + stars: | 2022-09-15 | by ( Isobel Asher Hamilton | ) www.businessinsider.com time to read: +3 min

California is suing Amazon accusing it of anticompetitive conduct. The lawsuit says Amazon coerces third-party sellers into agreeing not to sell their products cheaper anywhere else. The suit seeks to stop Amazon from enforcing contracts that restrict the prices sellers can set for their products off Amazon. In response to the lawsuit an Amazon spokesperson told Insider: "Sellers set their own prices for the products they offer in our store." This isn't the first time Amazon has been accused of anticompetitive conduct in relation to third-party sellers.

☆ Elon Musk says 'population collapse' is more dangerous than global warming. Experts say that won't happen.
▼ + stars: | 2022-09-02 | by ( Isobel Asher Hamilton | ) www.businessinsider.com time to read: +4 min

Elon Musk is scared low birth rates could lead to what he calls "population collapse." Experts told Insider the global population is still growing, and when it shrinks it'll be gradual. "Global population decline is therefore still some way off, and is likely to happen gradually when it does take place. Dr. Peter Matanle, an expert in East Asian social and cultural geography, agreed low birth rates "will not cause a population collapse." Reid also disputed Musk's claim that low birth rates are a "bigger risk to civilization than global warming."

☆ Family offices have become a $6 trillion powerhouse in investing—and deal-making
▼ + stars: | 2022-07-11 | by ( Robert Frank | ) www.cnbc.com time to read: +11 min

Family offices now manage more than $6 trillion in wealth, according to some estimates, surpassing the estimated $4 trillion managed by hedge funds. Many billionaire hedge fund managers, seeking lighter regulation or freedom from benchmarks and outside investor demands, are also converting to family offices. Singapore recently created a Family Office Development Team to lead and coordinate initiatives that will attract more family offices. The Wealth Management Institute has launched the Global-Asia Family Office Circle in Singapore to attract more family offices. Even family offices that serve more than one family often receive an exemption from the SEC to keep their filings confidential.

Persons: Andrew Cohen, John Paulson, Leon Cooperman, That's, Exchange Sara Hamilton, Cohen, John D, Rockefeller, J.P, Morgan, Goldman Sachs, " Cohen, Morgan Stanley, Daniel DiBiasio, We've, Michael Dell's, Goldman, Gregg Lemkau, West, Byron Trott, Sara Hamilton, Nicky, Jonathan Oppenheimer, Sergey Brin, James Dyson, Bill Hwang, Alexandria Ocasio, Dennis Kelleher, Kelleher, Archegos, Hamilton Organizations: Street, Morgan Private Bank, Forbes, Federal Reserve, Campden, Family, Exchange, JPMorgan, Bank of America, Citigroup, Credit Suisse, UBS, Deutsche Bank, Morgan Stanley Family, MSD Partners, Container Technologies, BDT Capital Partners, Wealth Management Institute, Google, SEC, Archegos Capital Management, Rep, Better Locations: Asia, U.S, Wall, West Monroe, Singapore, Alexandria, Cortez, Archegos

☆ Elon Musk's Starlink gets FCC green light to beam broadband into moving cars, planes, boats
▼ + stars: | 2022-07-01 | by ( Isobel Asher Hamilton | ) www.businessinsider.com time to read: +2 min

Starlink is now allowed to beam broadband into moving vehicles, the FCC said Thursday. This means it will be possible to use Starlink in moving cars, planes, and boats. Starlink already has deals to provide in-flight WiFi to at least two airlines. Starlink uses a network of satellites in low orbit to beam down broadband to users' satellite dishes, called terminals. At launch the company said the internet service could not be used while the RV was in motion.

☆ A former 'The Apprentice' contestant who first pitched Truth Social to Trump has left the company behind the app, report says
▼ + stars: | 2022-06-29 | by ( Isobel Asher Hamilton | ) www.businessinsider.com time to read: +3 min

Andy Dean Litinsky, a senior exec at the company behind Truth Social, left months ago Reuters reports. Litinsky is a former "The Apprentice" contestant who reportedly pitched Truth Social to Donald Trump. Andy Dean Litinsky — who sometimes goes by just Andy Dean — appeared as a contestant on the first season of "The Apprentice" with Trump in 2004, and was hired by Trump in 2006 to head up his production company Trump Productions. The New York Times, The Guardian, and Reuters reported Litinsky pitched the idea for Truth Social to Trump along with fellow former "The Apprentice" cast member Wes Moss in January 2021. One source told The Guardian in April that Litinsky and Moss were the "senior, day-to-day leadership" at Trump Media and Technology Group, the company behind Truth Social.

☆ Amazon CEO tells staff it is still committed to diversity after a management shakeup left it with no top Black executives
▼ + stars: | 2022-06-23 | by ( Isobel Asher Hamilton | ) www.businessinsider.com time to read: +2 min

Amazon lost two top Black executives amid a management shakeup Tuesday. Amazon's top-level executive team now has no Black executives on it. Alicia Boler-Davis is one of two senior Black executives to depart Amazon this week. Marcus Ingram/Getty Images"It's not lost on any of us that we're losing two of our most senior Black leaders," Jassy wrote in the memo, as published by CNBC. "I am (as I know the rest of s team is) committed to continuing to hire and develop Black senior leaders, as well as leaders in other under-represented segments," he added.

☆ Tesla's 10% staff cuts have kicked off, with ex-employees confirming on LinkedIn that they've been laid off
▼ + stars: | 2022-06-15 | by ( Isobel Asher Hamilton | ) www.businessinsider.com time to read: +3 min

Job cuts appear to have started, with Tesla staffers saying on LinkedIn that they've been laid off. The Tesla staffers posting on LinkedIn come from various departments across the company. On Wednesday morning, Insider found 11 LinkedIn posts from Tesla employees who said they'd been laid off as part of the cut. After saying the company would cut 10% of salaried staff, Musk confusingly said its total head count would increase, and that salaried staff would be "fairly flat." He also instituted a new policy that mandates Tesla staff return to the office for a minimum of 40 hours per week.

Persons: Elon Musk, they've, Tesla, they'd, I've, Christopher Bousigues, he'd, Musk Organizations: Morning, Securities and Exchange Commission, Reuters, Tesla, Netflix, Microsoft Locations: Tesla's Singapore, China

☆ How to land a job in private equity, from Blackstone to Apollo, KRR, General Atlantic, and more
▼ + stars: | 2022-06-03 | by ( Business Insider | ) www.businessinsider.com time to read: +6 min

Private equity is a rewarding but challenging field to break into. Here is what we found about pay at private equity firms, including Blackstone, Apollo, and Bain Capital. Private equity recruiting has been starting earlier than ever Getty ImagesPrivate equity firms like to recruit from investment banks. These days, the private equity recruiting process has started earlier than ever, and it's resulting in middle-of-the-night interviews with offers being made — and blown up — all before Labor Day. General Atlantic managing director Alex Crisses walked Insider through the growth-equity investment firm's elite summer souring internship.

Persons: Jeffrey Hamilton, Alyssa Powell, Blackstone, Samantha Lee, Drew Angerer, Skye Gould, Jon Gray, Grace Koo, Read, Sara Diniz, Carlyle, Alex Crisses, Thoma Bravo, —, Warburg Pincus, Wharton's, Axel Springer Organizations: Blackstone, KKR, Morning, Getty, Apax Partners, Oaktree, of Foreign Labor, Apollo, Bain Capital, Labor, KKR KKR, General Atlantic, PJT Partners, Partners, dealmakers, Wall, University of Michigan Locations: Carlyle, Blackstone, Axel

☆ Elon Musk reportedly issued an ultimatum to Tesla staff: return to the office or quit
▼ + stars: | 2022-06-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Elon Musk reportedly told Tesla's executive staff to return to the office or resign. Elon Musk issued an ultimatum to Tesla's executive staff on Tuesday, calling for the workers to come into the office and stop "phoning it in" or quit, according to reports. Musk reportedly said in one of the emails that if staff continue to work remotely, he will assume that they have resigned. Musk titled his first email "remote work is no longer acceptble (sic)" and appeared to address it only to a listserv for executive staff, according to Electrek. "The more senior your are, the more visible must be your presence," Musk wrote, according to Electrek.

Persons: Elon Musk, Musk, Samuel Nissim, Nissim, —, Tesla, Insider's Isobel Asher Hamilton, Brian Chesky, gkay Organizations: Morning, Twitter, Electrek, Washington Post, SpaceX, Financial Times, Bloomberg Locations: Shanghai

☆ SpaceX is selling shares at $125 billion valuation as Elon Musk rejigs Twitter financing, reports say
▼ + stars: | 2022-05-17 | by ( Isobel Asher Hamilton | ) www.businessinsider.com time to read: +2 min

Sources told The Post and Bloomberg SpaceX is planning to sell employee stock at $70 a share. The Post reported the sale, which would value the company at $125 billion, would start on Tuesday. It is not clear whether Musk is selling stock as part of the employee offer, Bloomberg reported. Bloomberg reported last week that Musk was seeking financing to replace a $12.5 billion loan against his Tesla stake. On Monday Bloomberg reported that Musk told a Miami tech conference that negotiating a lower price for Twitter was not "out of the question."

☆ Amazon drivers staged a protest demanding higher pay to cope with surging gas prices
▼ + stars: | 2022-03-18 | by ( Isobel Asher Hamilton | ) www.businessinsider.com time to read: +1 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Delivery drivers are trying to pressure Amazon to pay more to its Flex program drivers to accommodate surging gas prices. Around 50 delivery and rideshare drivers, including drivers for the Flex delivery program, gathered to protest outside an Amazon warehouse near Los Angeles on Wednesday, CNBC reported. Gas prices have spiked since Russia began its invasion of Ukraine at the end of February, and the price of gas had already been rising in the months running up to the invasion. The national average price for gas was $4.27 a gallon as of Thursday, according to American Automobile Association Gas Prices, an increase of about 75 cents from a month earlier.

Persons: — Organizations: Service, Wednesday, CNBC, Russia, American Automobile Association Gas, Business Locations: Los Angeles, Ukraine

☆ Gwyneth Paltrow attempts to eat a vagina-scented Goop candle in Super Bowl ad for Uber Eats' expanded retail offerings
▼ + stars: | 2022-02-12 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Uber Eats is announcing expanded consumer goods and convenience offerings in its Super Bowl ad. The ad marks a partnership with Goop and the launch of new retail hubs on the Uber Eats app. "Nearly three million consumers order essentials beyond food each month through Uber Eats," the company wrote in a blog post earlier this week. In tandem with the Super Bowl ad, Uber Eats is also launching themed retail hubs for the Super Bowl and Valentine's Day that feature curated items available for delivery through the app. This will be the second Super Bowl ad for UberEats, following a 2021 spot starring actors Mike Myers and Dana Carvey as their popular "Wayne's World" characters.

☆ Watch Tesla's $133,000 Model S Plaid race around the Nürburgring in record time
▼ + stars: | 2021-09-13 | by ( Isobel Asher Hamilton | ) www.businessinsider.com time to read: +1 min

Elon Musk tweeted that the Tesla Model S Plaid broke a record for the Nürburgring race track. CEO Elon Musk tweeted on Thursday that a Tesla Model S Plaid had completed the Nürburgring in 7 minutes, 30.9 seconds. The $133,000 Model S Plaid broke the previous record for production EVs, set by Porsche's Taycan Turbo, by just over 11 seconds. Tesla would go again with a modified version of the Model S Plaid, Musk said. The 1,000-horsepower Plaid is the most powerful version of the Model S.It's one of the fastest production cars ever made.

Persons: Elon Musk, Plaid, Tesla, Porsche's Taycan, Musk Organizations: Tesla, Porsche, Plaid, Model

☆ Max Verstappen a câștigat Marele Premiu al Austriei
▼ + stars: | 2021-07-05 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Pilotul echipei Red Bull Racing Honda a câștigat Marele Premiu al Austriei, aceasta fiind a treia lui victorie la rând în Marele Circ. Pornit de pole position, olandezul a dominat cursa, fiind lider în toate 71 de tururi. Rivalul său, campionul en-titre, Lewis Hamilton a fost, la un moment dat, pe locul secund, însă în turul 48 a făcut o manevră greșită și a ajuns pe poziția a patra. Verstappen a obținut în premieră o victorie completă – cu pole position, cursă, cel mai rapid tur și postura de lider menținută cap-coadă. A 10-a etapă a sezonului se va desfășura în Marea Britanie, pe 18 iulie.

Persons: Max Verstappen, Lewis Hamilton, Lando Norris, Verstappen, Hamilton Organizations: Red Bull Racing Honda, Mercedes, McLaren Locations: Austriei, titre, olandez

☆ Lewis Hamilton şi-a prelungit contractul cu Mercedes pentru încă două sezoane
▼ + stars: | 2021-07-03 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Pilotul britanic Lewis Hamilton, de şapte ori campion mondial la Formula 1, şi-a prelungit contractul cu Mercedes pentru încă două sezoane, până în 2023. Contrar zvonurilor din presă, salariul lui Hamilton va rămâne neschimbat - englezul încasează aproximativ 46 de milioane de euro pe an. Lewis Hamilton a debutat în Formula 1 în 2007, la echipa McLaren. Hamilton a ajuns la Mercedes în 2013, unde s-a dezlănțuit. În total, în cariera sa, Hamilton a concurat la 274 de curse de Formula 1, s-a clasat pe podium de 171 de ori și a obținut 98 de victorii.

Persons: Lewis Hamilton, Hamilton, Michael Schumacher, Lewis, Max Verstappen Organizations: Mercedes, McLaren ., Red Bull Racing Honda

☆ Max Verstappen a obținut a doua victorie la rând în Campionatul Mondial de automobilism de Formula 1
▼ + stars: | 2021-06-28 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Max Verstappen a obținut a doua victorie la rând în Campionatul Mondial de automobilism de Formula 1. Pilotul olandez al echipei Red Bull Racing-Honda a triumfat în Marele Premiu al Stiriei. Verstappen a pornit din pole position și a dominat autoritar, fiind lider în toate cele 71 de tururi. Campionul en-titre, Lewis Hamilton, de la Mercedes, a pus presiune pe rivalul său în prima jumătate a cursei, însă apoi Verstappen s-a desprins. În calendarul Formulei 1 urmează Marele Premiu al Austriei, programat pentru 4 iulie.

Persons: Max Verstappen, Verstappen, Lewis Hamilton, Hamilton Organizations: Red Bull Racing, Honda, Mercedes Locations: - titre, Austriei

☆ Mega-eveniment în pandemie: 140.000 de oameni sunt așteptați la cursa de Formula 1 de la Silverstone
▼ + stars: | 2021-06-24 | by ( ) www.jurnal.md time to read: 1 min

Sursa foto: Getty ImagesMega-eveniment în pandemie: 140.000 de oameni sunt așteptați la cursa de Formula 1 de la SilverstoneMarele Premiu de Formula 1 de la Silverstone va găzdui 140.000 de spectatori, anunță Sky Sports. Britanicii au decis să deschidă larg porțile la Marele Premiu de Formula 1 de la Silverstone, astfel că 140,000 de oameni vor putea vedea cursa de la fața locului. Organizatorii sunt pregătiți să realizeze cel mai mare eveniment-test în pandemie, iar o desfășurare fără incidente ar ajuta enorm lumea sportului. În 2019, la Silverstone au fost prezenți 141.000 de oameni în ziua cursei. În acest moment, Max Verstappen este lider în clasamentul general, cu 131 de puncte.

Persons: Sky Sports . Britanicii, Max Verstappen, Lewis Hamilton Organizations: Sky Sports . Locations: Silverstone

☆ Max Verstappen, victorie "pe muchie de cuțit" la Campionatul Mondial de Formula 1
▼ + stars: | 2021-06-21 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Max Verstappen a obținut încă o victorie "pe muchie de cuțit" la Campionatul Mondial de Formula 1. Pilotul echipei Red Bull Racing-Honda a câștigat Marele Premiu al Franței și și-a mărit avansul în fruntea clasamentului general. Olandezul a pornit din pole position, însă chiar la începutul cursei a pierdut controlul bolidului și a fost devansat de Lewis Hamilton. Totuși, la final, strategia cu două opriri la boxe a echipei Red Bull Racing-Honda s-a dovedit a fi mai eficientă. Astfel, Verstappen a înregistrat a treia victorie a sezonului, Hamilton a încheiat cursa pe locul secund, iar pe trei a venit celălalt pilot de la Red Bull Racing-Honda, Sergio Perez.

Persons: Max Verstappen, Olandezul, Lewis Hamilton, Hamilton ., Verstappen, Hamilton, Sergio Perez Organizations: Red Bull Racing, Honda, Mercedes Locations: Franței, Austria

☆ An indoor farming startup is valued at $2.3 billion after a historic fundraising round as climate change concerns become more urgent
▼ + stars: | 2021-05-26 | by ( Alex Hickey | Morning Brew | ) www.businessinsider.com time to read: +1 min

This story is from today's edition of Morning Brew, an awesome daily email publication read by 2.5 million next-generation leaders like you. The startup, now valued at $2.3 billion, grows produce using indoor vertical farming setups. Sci-fi farming is catching onClimate change concerns and a renewed focus on the food supply chain have contributed to increased investor appetite for indoor farming. Last year, global VC investment in indoor farms tripled to almost $1.9 billion. Zoom out: The indoor farming sector is growing but is still just a wee seedling.

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