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☆ Sindh, Pakistan: Police fatally shoot blasphemy suspect in second such killing in a week
▼ + stars: | 2024-09-19 | by ( Associated Press | Story The | ) edition.cnn.com time to read: +4 min

Karachi, Pakistan — Police in southern Pakistan shot dead a blasphemy suspect during an alleged shootout with armed men, officials said Thursday, the second such apparent extra-judicial killing in a week, drawing condemnation from human rights groups. Videos circulating on social media showed local clerics throwing rose petals at police and praising officers for killing the blasphemy suspect. There was no immediate clarification from the Sindh government about the circumstances in which the suspect was killed. The latest killing comes a week after an officer opened fire inside a police station in the southwestern city of Quetta, fatally wounding Syed Khan, another suspect held on accusations of blasphemy. Pakistan has witnessed a surge in attacks on blasphemy suspects in recent years.

Persons: Shah Nawaz, Mohammed, Niaz Khoso, Nawaz, “, Khoso, ”, HRCP, Syed Khan, Khan, Mohammad Khurram, —, Islam Organizations: Pakistan — Police, Police, Local, Human Rights Locations: Karachi, Pakistan, Umerkot district, Sindh province, Mirpur Khas, Sindh, Umerkot, Quetta, Madyan, Punjab, Jaranwala

☆ Mark Cuban wants to take out Chinese knockoffs, and he says Kamala Harris is on the same page
▼ + stars: | 2024-09-19 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Mark Cuban says he's talking to the Harris campaign about combating Chinese knockoffs. Cuban said knockoffs are a "plague on small businesses" and "may put them out of business." Go to newsletter preferences Thanks for signing up! AdvertisementBillionaire investor Mark Cuban says he's working with Vice President Kamala Harris' campaign to find ways to protect American companies from Chinese knockoffs. In an X post on Wednesday, Cuban said he "had an interesting conversation with the @KamalaHarris team about protecting American companies from Chinese Knockoffs."

Persons: Mark Cuban, Harris, counterfeiters, —, Kamala Harris, Cuban Organizations: Service, Business

☆ The Fed finally cut interest rates. Here's what comes next.
▼ + stars: | 2024-09-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

The Federal Reserve didn't hold back when it cut interest rates for the first time in more than four years. In a press conference after the announcement, Powell said he believes the economy is moving in the right direction. iStock; BISo what does this rate cut mean for … everything? Our colleagues at Personal Finance Insider have covered the eventual impacts the rate cut will have on various financial products. Let's start with mortgage rates, since that's an area people naturally think of when it comes to interest rates.

Persons: —, Jerome Powell, Powell, you'll, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Federal, Business, Finance Locations: New York, London

☆ Jensen Huang thinks we're all going to have our own R2-D2 or C-3PO robots follow us around
▼ + stars: | 2024-09-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Nvidia CEO Jensen Huang predicts a future with personal robots like R2-D2 and C-3PO from Star Wars. Huang referenced the droid duo during an appearance at T-Mobile's Capital Markets Day. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNvidia chief Jensen Huang seems to be excited about the future of robotics. During an appearance at T-Mobile's Capital Markets Day on Wednesday, Huang made bold predictions about the future, referencing robots from the Star Wars movie franchise.

Persons: Jensen Huang, Huang, — Organizations: Nvidia, Star Wars, Mobile's, Service, Business

☆ Trump says he plans to visit Springfield — its Republican mayor isn't so keen
▼ + stars: | 2024-09-19 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +1 min

Donald Trump says he plans to visit Springfield, Ohio, within the next two weeks. Springfield's Republican mayor said "it'd be fine with me" if Trump chose not to visit. Go to newsletter preferences Thanks for signing up! You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementFormer President Donald Trump announced on Wednesday night that he plans to visit Springfield, Ohio, in the coming weeks.

Persons: Donald Trump, Trump, — Organizations: Springfield's Republican, Service, Republican, Business Locations: Springfield , Ohio, Springfield's, Springfield, Aurora, Long Island , New York

☆ iPhones are suggesting people 'Check In' with their exes. Yikes!
▼ + stars: | 2024-09-19 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

Instead of Check Ins only being set up manually, people are getting suggestions popping up on their iPhone screens to remind them to set up a Check In — with random contacts, like exes and bosses. Some people are getting "Check In" suggestions on their iPhones. But the suggestion isn't mutual — Max told me he sometimes gets a suggestion to Check In with his upstairs neighbor. AdvertisementIt's possible to turn off "Siri Suggestions" in both Messages and Maps — which might stop this feature. But this would also mean any other helpful Siri suggestions you like would get turned off.

Persons: you've, We've, Max, Siri, we're, They're, Apple, Kylie Robison, Robison, John Organizations: Service, Business, Apple

☆ Inbolt, a French startup using AI to help factory robots 'see,' just raised $16.7 million using this 12-slide pitch deck
▼ + stars: | 2024-09-19 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Inbolt has raised $16.7 million in Series A funding to enhance 3D vision and AI for robots. The Paris-based startup aims to improve robotic precision and speed in industrial automation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementInbolt, a Paris-based 3D vision and AI startup, has raised €15 million ($16.7 million) in Series A funding. The startup wants to make factory production lines more efficient by using 3D vision and AI to help guide robotic arms with greater precision and speed.

Persons: Inbolt, — Organizations: Exor Ventures, Service, Business Locations: Paris, Detroit

☆ The Barbie playbook: How Mattel's CEO is transforming the toy maker into an entertainment company
▼ + stars: | 2024-09-19 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Read previewMattel CEO Ynon Kreiz is trying to transform the toy maker into an entertainment company — but don't look for it to be a funder or distributor in its own right. After 2023's smash success of Greta Gerwig's "Barbie," Kreiz has become one of the most intriguing figures in Hollywood. Kreiz spoke with Business Insider on Wednesday about lessons from Barbie and how he's turning Mattel into an IP company. At a time of massive disruption in entertainment, Kreiz thinks Mattel is well-positioned. But "Barbie" established a blueprint for Mattel's future projects in working with top creatives, providing promotion power, and staying true to its brands, Kreiz said.

Persons: —, Ynon Kreiz, Greta Gerwig's, Barbie, Kreiz, John Cena, . Abrams, Kara Swisher, Mattel, Mattel Mattel, What's, We're, it's Organizations: Service, Mattel, Business, Advance, YouTube, Maker Studios, Disney, Endemol Group, Warner Bros, Procter, Gamble, Adobe Locations: Hollywood, ., New York, billings

☆ Stocks jump Thursday after Federal Reserve’s jumbo-sized rate cut
▼ + stars: | 2024-09-19 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —Stocks jumped Thursday morning as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. Tech stocks surged: Nvidia shares popped 4.8%, Tesla shares gained 5.4%, Meta Platforms shares rose 3.5% and Apple shares climbed 3.5%. The Fed on Wednesday cut rates by half a point, marking its first rate cut since the onset of the Covid pandemic and bringing rates down from a 23-year high. A large rate cut can be a double-edged sword for the economy. The Fed faced pressure to cut rates in July but held steady instead.

Persons: New York CNN — Stocks, Tesla, Jerome Powell, ”, Ronald Temple, Powell Organizations: New, New York CNN —, Dow, Nasdaq, Tech, Nvidia, Meta, Apple, Fed, Lazard Locations: New York, August’s

☆ The detonation of pagers used by Hezbollah shows the depths of supply-chain infiltration
▼ + stars: | 2024-09-19 | by ( Lloyd Lee | Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe Tuesday attack in Lebanon, where hundreds of pagers used by the Iran-backed militant group Hezbollah simultaneously detonated, points to a highly sophisticated operation that likely required months of planning and an infiltration of a global supply chain, experts told Business Insider. This story is available exclusively to Business Insider subscribers. Spokespeople for the Israel Defense Forces and the US Department of Defense did not immediately respond to a request for comment from Business Insider. Business Insider was not able to reach BAC Consulting for comment.

Persons: —, Jones, Israel, Sean McFate, McFate, Robert Khachatryan, Cristiana Organizations: Service, Associated Press, Lebanese Health Ministry, AP, Business, New York Times, Israel Defense Forces, US Department of Defense, Armament Research Services, Syracuse University's Maxwell School of Citizenship, Public Affairs, Freight, Global Logistics, NBC News, Consulting, The New York Times, Taliban Locations: Lebanon, Iran, Israel, Taiwan, Hungary

☆ Princess Diana transformed her iconic Met Gala dress by ripping out the corset, designer says
▼ + stars: | 2024-09-19 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

New details about Princess Diana's 1996 Met Gala dress have been shared in a Hulu docuseries. The lingerie-inspired slip dress was designed by John Galliano, who had just joined Dior. Galliano said the dress originally had a corset, which the royal "ripped" out without telling him. Go to newsletter preferences Thanks for signing up! One of the royal's most iconic looks — a lingerie-inspired slip dress that she wore to the 1996 Met Gala — was designed by John Galliano, who had just become head designer at Dior.

Persons: Princess Diana's, John Galliano, Dior, Galliano, —, Diana, Hulu docuseries Organizations: Hulu, Service, Business

☆ Yonder, a London fintech startup offering rewards for credit card spending, has raised $30.1 million using this 11-slide pitch deck
▼ + stars: | 2024-09-19 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewYonder, a London-based fintech startup, has raised $30.1 million in new funding. Founded in 2020 by former staffers at credit scoring startup Clearscore, Yonder offers users a credit card with rewards such as meals at high-end restaurants, tickets to events, and points toward flights. This story is available exclusively to Business Insider subscribers. Yonder claims its latest raise is a significant up round, resulting in a post-money valuation of more than $132 million.

Persons: —, we've, Tim Chong, Chong Organizations: Service, Business, RTP Global, Northzone Locations: London, Manchester, Birmingham, Bristol, Bath

☆ Coco Gauff splits with coach after run of poor results and disappointing US Open performance
▼ + stars: | 2024-09-19 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +2 min

CNN —Coco Gauff has parted ways with her coach, Brad Gilbert, following a series of poor results culminating in a failed defense of her US Open title. 6 lost in the fourth round of the US Open to American Emma Navarro, who had also bested her in the fourth round at Wimbledon just months before. “Mentally and emotionally, I gave it my all,” Gauff told reporters after her loss to Navarro. Gilbert paid tribute to Gauff on X – formerly known as Twitter – on Wednesday, writing: “Thanks to Coco Gauff and the entire team for an absolutely amazing summer run in 2023 and for 14 months of incredible team effort. Brad Gilbert coaches Coco Gauff of the United States during practice ahead of the US Open on August 24, 2024.

Persons: Coco Gauff, Brad Gilbert, American Emma Navarro, Gilbert, Gauff, ” Gauff, Navarro, Robert Prange, ”, “ Organizations: CNN, Wimbledon, Twitter, Auckland Locations: American, Cincinnati, Washington, Berlin, Wimbledon, Toronto, Flushing Meadows, United States

☆ World War II Historian Rates WWII Movie Battles
▼ + stars: | 2024-09-19 | by ( Ian Phillips | Korey Isbell | ) www.businessinsider.com time to read: +1 min

Historian John McManus rates the accuracy of World War II battles in movies and TV shows. He describes the many challenges of the Battle of Okinawa as portrayed in "Hacksaw Ridge," starring Andrew Garfield, Vince Vaughn, and Sam Worthington. He compares the portrayals of the Battle of Iwo Jima in Clint Eastwood's "Flags of Our Fathers," starring Ryan Phillippe, Adam Beach, and Paul Walker; and "Letters From Iwo Jima," starring Ken Watanabe. He discusses World War II-era munitions in "The Pacific," starring Joseph Mazzello and Rami Malek. He breaks down the tank battles in "Battle of the Bulge," starring Henry Fonda and Charles Bronson.

Persons: John McManus, Austin Butler, Barry Keoghan, Andrew Garfield, Vince Vaughn, Sam Worthington, Clint Eastwood's, Ryan Phillippe, Adam Beach, Paul Walker, Ken Watanabe, Joseph Mazzello, Rami Malek, Michael Bay's, Ben Affleck, Josh Hartnett, Alec Baldwin, Nicolas Cage, Mark Ruffalo, Henry Fonda, Charles Bronson, Sean Penn, Jared Leto Organizations: Business Locations: Okinawa, Iwo Jima

The federal minimum wage has been stuck at $7.25 since 2009. Democrats want to raise it, but business leaders say it will tank the economy. Here's what's at stake. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Organizations: Business

☆ Nike is getting a new CEO as struggles mount
▼ + stars: | 2024-09-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Nike, struggling from rising competition and its own strategy mistakes, is making a major shakeup. The athletic giant announced Thursday that CEO John Donahoe will retire next month and will be replaced by Elliott Hill, a veteran former Nike executive. Nike’s stock rose 9% during after-hours trading Thursday, a sign Wall Street was eager for a CEO change. Nike’s stock has dropped 24% so far this year. But the change hurt Nike’s sales.

Persons: John Donahoe, Elliott Hill, “, ” Neil Saunders Organizations: New, New York CNN, Nike, Dick’s Sporting Goods, “ Nike, GlobalData Locations: New York

☆ The Fed 'moved too fast' with rate cuts and now risks reigniting inflation, analyst says
▼ + stars: | 2024-09-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

On the positive side, Wharton professor Jeremy Siegel called the decision the "best news" the Fed has offered in years. He said the Fed "moved too fast" with its 50-point cut. This is unusual, since investors will typically snap up these assets after a rate cut. Related storiesSome on Wall Street noted that the Fed's decision to cut beyond 25 basis points was essentially a signal that the central bank is moving past inflation. To Contopoulos point, this may be premature, as August's consumer price index report still stood above the 2% inflation target.

Persons: —, Wharton, Jeremy Siegel, Michael Contopoulos, Bernstein, Contopoulos, Powell, Narayana Kocherlakota Organizations: Service, Business, Bernstein Advisors, CNBC, Wall, University of Rochester

☆ The 10 most popular travel destinations this Thanksgiving, according to Google Flights
▼ + stars: | 2024-09-19 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +1 min

Google Flights shared the top-searched destinations on its platform for Thanksgiving 2024. The data is based on the most-searched travel destinations for November and December 2024. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With Thanksgiving a little over two months away, it's a good time to think about booking flights, and Google Flights' most-searched travel destinations might serve as some inspiration.

Persons: — Organizations: Google, Service, Business Locations: Orlando

☆ 15 little-known facts about Phoebe that even die-hard 'Friends' fans may not know
▼ + stars: | 2024-09-19 | by ( Amory Rose | ) www.businessinsider.com time to read: +7 min

Even long-time "Friends" fans may not know some of the most intriguing facts about Phoebe, played by Lisa Kudrow. Phoebe once paused her vegetarian dietLisa Kudrow as Phoebe Buffay on "Friends." When she was younger, Phoebe mugged RossAfter Ross and Phoebe are mugged in season nine, Ross says the same thing happened to him as a teenager. AdvertisementRoss was the first of the friends that Phoebe metLisa Kudrow as Phoebe Buffay and David Schwimmer as Ross Geller. However, Phoebe mugged Ross 18 years before season nine, so she actually met Ross before meeting any of the other friends.

Persons: —, Phoebe Buffay, Phoebe, Lisa Kudrow, NBC Phoebe, Joey, isn't, Lily, Bob Balaban, Frank Buffay, Phoebe's, it's, he's, Frank Jr, Ursula Phoebe, Ursula, Chandler, Paul Rudd, Phoebe doesn't, Ross, Susan, Mike, Kudrow, David Schwimmer, Ross Geller, NBCUniversal, Monica, Rachel, She's, Denise, David Hume Kennerly Organizations: Service, Business, NBC, Getty Locations: Canadian, Vegas, Ross

☆ David Schwimmer turned down a lead role in 'Men in Black' to direct a movie with his friends. He missed out on being in one of the biggest movies of the '90s.
▼ + stars: | 2024-09-19 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

David Schwimmer told the "Origins with Cush Jumbo" he turned down a role in the "Men In Black." Schwimmer said the role, which Will Smith took, could have made him a movie star. AdvertisementDavid Schwimmer said he turned down a lead role in "Men in Black" to direct a movie with his friends. Will Smith took the role, cementing his status as a Hollywood star. Schwimmer told Tuesday's episode of the "Origins with Cush Jumbo" podcast that he was offered the lead role in the 1997 movie during a four-month hiatus from filming "Friends."

Persons: David Schwimmer, Cush Jumbo, Schwimmer, Will Smith, — Organizations: Service, Miramax, Lookingglass Theatre Company, Business

☆ My family of 4 ate dinner at Hooters for the first time. Our $93 meal was a surprisingly good value.
▼ + stars: | 2024-09-19 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

I take my family to chain restaurants in search of good value. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . At the same time, rising fast-food prices seem to only be making sit-down chains look like a way better value. Although I was never a big fan of sit-down restaurant chains, I recently began taking my family of four out to eat at them more often in search of good food and great value.

Persons: — Organizations: Hooters, Service, Business

☆ LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout
▼ + stars: | 2024-09-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Bernard Arnault has gone from the world's wealthiest person to being on the brink of dropping to fifth. The LVMH CEO's net worth has tanked by $54 billion from its March peak, and $30 billion so far this year. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBernard Arnault was the richest person on the planet six months ago; now he's flirting with fifth place.

Persons: Bernard Arnault, —, LVMH Moët Hennessy Louis Vuitton, Elon Musk, Jeff Bezos Organizations: Service, Tesla, Amazon, Bloomberg, Business Locations: Arnault

☆ Overworked junior bankers at JPMorgan are getting someone to check on their well-being
▼ + stars: | 2024-09-19 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

JPMorgan has created a new role to oversee the well-being of junior bankers and analysts. JPMorgan capped junior bankers' hours at 80 a week earlier this month. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJPMorgan Chase has created a new global role to oversee junior bankers and analysts and prevent overwork.

Persons: Wall, —, JPMorgan Chase, Ryland McClendon, McClendon Organizations: JPMorgan, Service, Reuters, Business

☆ As a CEO, I don't share my personal life on LinkedIn. When my wife had another miscarriage, I posted about it so men know they're not alone.
▼ + stars: | 2024-09-19 | by ( Kelly Burch | ) www.businessinsider.com time to read: +1 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. That changed earlier this month when I found myself struggling with a deep sadness after my wife, Kate, had her third miscarriage.

Persons: Daniel Robbins, Kate, — Organizations: Service, IBH, Business

☆ I visited Cracker Barrel. The CEO is right when she says it's 'not as relevant' as it once was
▼ + stars: | 2024-09-19 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Cracker Barrel's CEO said this year that the chain is "not as relevant" as it used to be. I went to a Cracker Barrel earlier this year outside Washington, DC, to see what's going on. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "We're just not as relevant as we once were," CEO Julie Masino told investors on a call in May.

Persons: —, that's, hasn't, We're, Julie Masino Organizations: Service, Business Locations: Washington

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