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New York CNN —A class action lawsuit filed Tuesday alleges that RTX Corporation, the multinational aerospace and defense systems giant formerly known as Raytheon Technologies, has been discriminating against job seekers who are 40 years or older. The ads that refer to “Recent Graduate Positions” indicate that applicants should either have graduated from college or graduate school very recently or have no more than 12 or 24 months of related work experience. While the positions may be lower level, they are not necessarily low paying, with salary ranges that can run north of $100,000. We believe these claims are entirely without merit and we will actively defend our hiring practices,” company spokesman Chris Johnson told CNN. Between 2019 and 2023, Goldstein applied to at least seven of Raytheon’s recent graduate positions for which he met all the qualifications save those requiring the newness of his degrees or the short duration of work experience.
Persons: RTX, “ RTX, we’re, Chris Johnson, — Mark H, Goldstein, Peter Romer, Friedman, ‘ EEOC, Romer Organizations: New, New York CNN, RTX Corporation, Raytheon Technologies, AARP Foundation, Court, District of, Raytheon, Virginia Human, CNN, US Department of Homeland Security, Commission Locations: New York, District of Massachusetts, Massachusetts, Virginia
Doug Burgum, the Republican governor of North Dakota, has emerged as a key adviser on energy issues in Donald J. Trump’s campaign to retake the White House, acting as a liaison between Mr. Trump and the oil billionaires whom the former president has encouraged to fund his presidential bid. Along the way, Governor Burgum has articulated a sophisticated policy approach that can at times seem environmentally conscious, but in fact is designed to benefit oil, gas and coal, the fossil fuels that are driving climate change. “It’s a tale of two Dougs,” said Dustin Gawrylow, a conservative political commentator in North Dakota. Mr. Burgum set a goal in 2021 that North Dakota would stop adding carbon dioxide to the atmosphere by 2030, becoming “carbon neutral.” Carbon dioxide from burning oil, gas and coal is a major driver of global warming.
Persons: Doug Burgum, Donald J, Trump, Burgum, , Dustin Gawrylow Organizations: Republican, House, Mr Locations: North Dakota
The Napoleon of Your Living Room
  + stars: | 2024-06-08 | by ( David Segal | ) www.nytimes.com   time to read: +1 min
Gary Friedman hates meetings. A 66-year-old with apparently limitless energy and a perpetual tan, Mr. Friedman is the chief executive of RH, one of the country’s largest high-end furniture sellers, and he never holds meetings. That’s a typical stretch for Mr. Friedman’s adventures with his architecture and design team, a group of about 20 executives overseeing one of the priciest expansions in the history of American retail. The company is doubling the number of stores, called “galleries” in RH speak, with 35 new ones in the works. He wants to forge a brand that is so ubiquitous — RH restaurants, RH hotels, RH clothing — that its impact is global.
Persons: Gary Friedman, Friedman, , Friedman’s, California Rich Locations: California
When is a fashion show not just a fashion show? Indeed, the front-row stars are as much an attention-grabbing part of the shows as the shows themselves. In a world of fashion micro-trends, that may be the biggest trend of all. This was especially true this season, as the shows of the five big heritage French brands — Chanel, Louis Vuitton, Hermès, Dior and Balenciaga — served as de facto calling cards for the Paris Olympics, which is being touted as the most “fashion” Olympics ever. It is no coincidence that two of those brands, Louis Vuitton and Dior, are owned by LVMH, which is a top-line sponsor of the Olympics.
Persons: — Chanel, Louis Vuitton, Hermès, Dior, Balenciaga —, Bernard Arnault, Balenciaga Organizations: Paris Olympics, Dior, LVMH, Hermès Locations: China, France
In yet another seismic shift in the fashion world, Chanel announced on Wednesday that Virginie Viard, Karl Lagerfeld’s handpicked successor, was leaving the fashion house after five years as its artistic director — years in which, though her collections received a critical drubbing and speculation was rife about her possible departure, sales exploded, reaching almost $20 billion in 2023. In a brief statement, Chanel, the second largest luxury brand in the world, thanked Ms. Viard for almost 30 years of service, “during which she was able to renew the codes of the house while respecting the creative heritage of Chanel.” No new designer was announced. Ms. Viard, 62, assumed the artistic director role at a precarious moment, following the death of Mr. Lagerfeld, who had led the brand for more than 35 years, in 2019. An unassuming presence who avoided the spotlight, Ms. Viard had worked side by side with Mr. Lagerfeld for decades and been his choice for a successor. He described her as both his left and right arm, and her appointment brought a sense of continuity to a house Mr. Lagerfeld had long dominated.
Persons: Chanel, Virginie Viard, Karl Lagerfeld’s, Ms, Viard, , Mr, Lagerfeld Organizations: Chanel
The company wants Nasdaq's help to investigate the alleged "naked" short selling. AdvertisementDonald Trump's media company is doubling down on claims there's something fishy with its stock — and it wants the Nasdaq's help investigating. In another letter to Nasdaq CEO Adena Friedman on Tuesday, Devin Nunes — the president of Trump Media and Technology Group — raised concerns about potential "manipulation." Nunes wants to investigate whether "Wall Street insiders" are engaged in naked short selling the stock, which trades under the DJT ticker. As of Wednesday, Trump Media had a market capitalization of roughly $8 billion.
Persons: Trump, Devin Nunes, , Donald Trump's, Adena Friedman, Devin Nunes —, Nunes, who've, Friedman, DJT, FTDs, he's, Donald Trump Organizations: Service, Trump Media, Technology, Truth, Nasdaq, Business, Citadel Securities
A new frontier has opened in fashion’s fur wars, as protesters targeted the homes of more than a dozen employees of Marc Jacobs in recent months, using signs, noisemakers and fake blood in an effort to force the designer to officially renounce the use of fur in his collections. Over the weekend, Mr. Jacobs accused the protesters of “bullying” in a statement on Instagram, but averred: His brand “does not work in, use or sell fur, nor will we in the future.” He also emphasized that he had not used fur in any of his own brand’s collections since 2018. “This organization has made it clear that they will not stop their violence toward Marc Jacobs unless they get the statement they want,” Mr. Jacobs wrote. “While I don’t condone the behavior of this organization, I will always do what I can to protect, honor and respect the lives and well-being of the people I work with.”The organization referenced by Mr. Jacobs is the Coalition to Abolish the Fur Trade, or CAFT, a group that selects targets and disseminates information and resources to anti-fur activists on the ground.
Persons: Marc Jacobs, Jacobs, Mr, Organizations: Coalition, Trade
Calvin Klein, a brand that recently made waves with an ad campaign featuring the actor Jeremy Allen White in nothing but his underwear, is getting a little more buttoned up. On Thursday, it announced it would restart its high-end Collection business under a new creative director, Veronica Leoni, along with a return to the runway — and, perhaps, to its former position as a tentpole of New York Fashion Week. Ms. Leoni will be the first named designer Calvin Klein has had in five years and the first woman to lead the house. She is one of the few women to be appointed to the top of the creative side of a major brand in the last year, when most of the big jobs have been given to white men. Calvin Klein reported 2023 revenues of $3.9 billion, a growth of only 3 percent.
Persons: Calvin Klein, Jeremy Allen White, Veronica Leoni, Ms, Leoni, Valentino, Alexander McQueen, Moschino Organizations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed doesn't have much reason to cut: Canyon Partners' Josh FriedmanJosh Friedman, Canyon Partners co-founder and co-CEO, joins 'Closing Bell' to discuss the headwinds still affecting commercial real estate.
Persons: Josh Friedman Josh Friedman Organizations: Partners, Canyon Partners
“Job,” a two-character thriller about a psychological evaluation going awry, started small, with a run last year at SoHo Playhouse. Word-of-mouth was good, the New York Times review was positive and sales were strong, so early this year it transferred for another Off Broadway run at the Connelly Theater in the East Village. Now the play, written by Max Wolf Friedlich and directed by Michael Herwitz, is planning to make the leap to Broadway, with a two-month run beginning this summer at the Hayes Theater. The Broadway production, like the Off Broadway runs, will star Peter Friedman and Sydney Lemmon. Both of them appeared in the HBO series “Succession” — Friedman was a member of the principal cast, playing Frank Vernon, the chief operating officer of Waystar Royco, and Lemmon appeared in the show at one point as a love interest of Kendall Roy.
Persons: , Max Wolf Friedlich, Michael Herwitz, Peter Friedman, Sydney Lemmon, ” — Friedman, Frank Vernon, Waystar Royco, Lemmon, Kendall Roy, Friedman, ” Lemmon, Jack Lemmon Organizations: SoHo Playhouse, New York Times, Connelly, Hayes, Broadway, HBO, York, Hulu Locations: East
The conventional wisdom is that Donald Trump’s trial over his alleged efforts to buy the silence of a porn star on the eve of the 2016 election is the least important of the cases against him. Politically that may be true. But more than any of the other cases, this one is revealing of a trend ailing America today: how much we’ve lost our moorings as a society. To my mind, one of the saddest things that has happened to America in my lifetime is how much we’ve lost so many of our mangroves. They are endangered everywhere today — but not just in nature.
Persons: Donald Trump’s Organizations: Conservation International Locations: America, Brazil
But prosecutors will have an extra degree of difficulty with a long break ahead of closing arguments, as jurors will have been away from the case since Tuesday. “This, more than even your typical case, is going to be a closing case,” he added. The star witness in this case are the documents, and the documents speak for themselves.”Trump’s attorneys will present their closing arguments first on Tuesday, followed by the arguments from prosecutors. They will say this is a documents case,” he explained, going on to describe the various accounting documents presented during the trial. Still, the closing arguments from each side will be carefully crafted to win not only a verdict in their favor, but also to mark each attorneys’ place in the historic trial, Villalona mused.
Persons: CNN —, Donald Trump, Trump, Attorney Alvin Bragg’s, , , Elie Honig, Bernarda Villalona, Juan Merchan, David Pecker, Michael Cohen, Stormy Daniels, Robert Costello, Cohen, Daniels, Merchan, Honig, ‘ Michael Cohen’s, Allen Weisselberg, Karen Friedman Agnifilo, “ Trump, , Pecker, , Agnifilo, Villalona, CNN’s Jeremy Herb, Kara Scannell, Lauren del Valle Organizations: CNN, Attorney, Former New York, Trump Organization, Trump, Trump Org ., Attorney’s Locations: York, Manhattan, New York
New York CNN —Buying or selling a stock is about to get a lot snappier starting next Tuesday. But that doesn’t mean it’ll get smoother, at least right away — and some financial firms are preparing to handle any possible bumpiness. Clearinghouses, which sit between buyers and sellers, collect margins from traders as evidence that they can afford to make the transaction. Baird has had a T+1 committee in place since last summer to ensure such hiccups don’t happen, Lee said. “The existing two-day period to settle trades exposes investors and the industry to unnecessary risk and is ripe for change,” Robinhood CEO Vlad Tenev said in a February 2021 release.
Persons: , That’s, ” Gary Gensler, , Rich Lee, Baird, Lee, Reddit, Vlad Tenev, Max, Gregory Wallace, Brian West, Mike Whitaker, ” “, ” Whitaker, Read, Meta, that’s, Clare Duffy, Patrick Collison, Nat Friedman, Tobi Lütke, Charlie Songhurst, White, OpenAI Organizations: CNN Business, Bell, New York CNN, Securities and Exchange Commission, Employees, GameStop, AMC Entertainment, AMC, Robinhood, Investors, Boeing, FAA, Federal Aviation Administration, Wolfe Research, ABC, Microsoft, Meta Locations: New York, OpenAI
New York CNN —Meta this week appointed a group of outside advisors to provide guidance on its artificial intelligence strategy. The four-person advisory group is composed entirely of White men. The situation mirrors an incident last year at OpenAI when, in the wake of a leadership shakeup, it came under fire for appointing a board composed entirely of White men. The large language models that underpin AI systems are trained on vast troves of data, often written by humans and coming from the internet. Meta did not immediately respond to a request for comment on the council’s lack of diversity.
Persons: Patrick Collison, Nat Friedman, Tobi Lütke, Charlie Songhurst, White, OpenAI, ” Joy Buolamwini, Meta Organizations: New, New York CNN, Microsoft, Meta, League, CNN Locations: New York, OpenAI
Meta formed a product advisory council six months after disbanding its Responsible AI division. Four white male tech execs sit on the new council, called Meta Advisory Group. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMeta announced the formation of a product advisory council on Wednesday, six months after it disbanded its Responsible AI division. The Meta Advisory Group consists of four executives: payment platform Stripe CEO Patrick Collison, former GitHub CEO Nat Friedman, Shopify CEO Tobi Lütke, and former Microsoft executive Charlie Songhurst.
Persons: Meta, , Patrick Collison, Nat Friedman, Shopify, Tobi Lütke, Charlie Songhurst Organizations: Meta, Service, Microsoft, Business
The investigation is the second congressional inquiry into the April 11 fund-raising dinner at Mar-a-Lago, Mr. Trump’s private club in Florida. On Wednesday Mr. Trump headlined a fund-raiser for MAGA Inc., a super PAC, that was hosted by three oil executives at a five-star hotel in Houston. One host was Kelcy Warren, a billionaire who owns a pipeline empire with an ambitious international expansion plan that depends on new export terminals. Another was Harold G. Hamm, one of the pioneers of the shale oil boom that turned the United States into the world’s largest crude exporter. The third, Vicki Hollub, leads Occidental Petroleum, a Houston-based oil company.
Persons: Donald J, Trump, Kelcy Warren, Biden, Harold G, Vicki Hollub Organizations: Democrats, White, Mar, Mr, Wednesday, MAGA Inc, Occidental Petroleum Locations: Florida, Houston, Hamm, United States
The DocuSign website is seen on a laptop in Dobbs Ferry, New York, April 1, 2021. Contract management platform DocuSign is committed to remaining a public company and is working to convince investors of its artificial intelligence potential, CEO Allan Thygesen told CNBC, after reports suggested the firm had been the target of takeover interest from private equity suitors. "We're focused on building a great, independent public company," Thygesen told CNBC in an interview earlier this week at a partner event the company held in London. "I joined DocuSign as a public company, it's a very exciting time right now, so that's our plan." Bain Capital and Hellman & Friedman were unavailable for comment when contacted by CNBC.
Persons: Allan Thygesen, We're, Thygesen, DocuSign, Bain, Friedman Organizations: CNBC, Bain Capital, Hellman, Reuters, Bloomberg Locations: Dobbs Ferry , New York, London, DocuSign
More than 140 countries and the Holy See have recognized the right of Palestinians to have a state in the West Bank, Gaza and East Jerusalem. What is noteworthy about this latest move, though, is that major Western European countries, and the United States, had resisted going there, arguing that peace should be worked out between the two parties. My focus is always on the practical: Will these recognitions of a nonexistent Palestinian state with undefined borders lead to the only sustainable solution — a real-life peace between two states for two indigenous communities — Jews and Palestinians? The answer is yes and no. In the short term, these diplomatic recognitions from fellow democracies will not move the Israeli public, Yohanan Plesner, president of the Israel Democracy Institute, told me.
Persons: Yohanan Plesner, , Organizations: West, Israel Democracy Institute Locations: Spain, Norway, Ireland, Gaza, West Bank, East Jerusalem, United States, Israel
Gantz said he would leave the government if there was no plan by June 8. Here are the stakes for America in what these ministers are saying: Netanyahu has become a radical actor, undermining key U.S. interests and Arab allies, and becoming the gift that keeps on giving for Iran. Just look at the policy choices Netanyahu has made and tell me with a straight face that he has not let Israel be completely outmaneuvered by Iran. All of this has happened on Bibi’s watch. But now Netanyahu is busy doing something even more dangerous for Israel’s future — and for America.
Persons: Benjamin Netanyahu’s, Yoav Gallant, Benny Gantz —, Netanyahu, Gantz, Israel Organizations: , America, Muslim, Palestinian Authority, West Bank Locations: Israel, Gaza, Iran, Oslo Accords
Early in his term, President Biden seemed to have struck an uneasy truce with the oil and gas industry. Mr. Biden had imposed restrictions on drilling as part of his ambitious climate agenda, but he also approved an enormous $8 billion oil project in Alaska. The United States had become the world’s leading exporter of natural gas, and no other country in history was pumping more crude. Then, in January, Mr. Biden paused new permits for export facilities for liquefied natural gas. That decision galvanized oil and gas companies against Mr. Biden, according to industry lobbyists, and will be an undercurrent at a fund-raising lunch set for Wednesday in Houston.
Persons: Biden, Donald J, Trump, Mr, , , Thomas J, Pyle Organizations: United, Mr, American Energy Alliance Locations: Alaska, United States, Houston
Artificial intelligence startup Scale AI said Tuesday that it has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation. 12 on this year's CNBC Disruptor 50 list, has now raised $1.6 billion to date. Existing investors including Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Nvidia, Tiger Global Management, Greenoaks, and Wellington Management also participated in the round. Scale AI is playing a key role in the rise of generative artificial intelligence and large language models, with the data — whether it is text, images, video or voice recordings — needing to be labeled correctly before it can be digested and used effectively by AI technology. Scale AI has evolved from labeling data used to train models that powered autonomous driving to now helping to improve and fine tune the underlying data for nearly any organization looking to implement AI, powering some of the most advanced models in use.
Persons: Elad Gil, Y Combinator, Nat Friedman, Alexandr Wang Organizations: CNBC, Accel, Cisco Investments, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Color Genomics, Meta, Ventures, Founders Fund, Spark Capital, Nvidia, Tiger Global Management, Wellington Management Locations: San Francisco, AGI
The Power of the Kennedy Look
  + stars: | 2024-05-21 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
Robert F. Kennedy Jr., the most attention-getting independent candidate for president since Ross Perot, may not have the poll numbers to end up on the debate stage next month. But he increasingly has something else: a reputation as the electoral “X factor.” Which means it is increasingly impossible to ignore what may be termed his “P factor.” Or even “K factor.”“P” being prep and “K” being Kennedy. In an election fought partly through the images that inundate social media and pit archetype against archetype — Donald J. Trump, the 1980s red-tie-wearing sultan of reality TV, versus President Biden, the aviator-clad deal maker of D.C. — Mr. Kennedy offers a Rorschach test of a different kind. At least stylistically speaking. His look — skinny rep ties, button-downs, shrugged-on suits, shock of gray hair and weather-beaten tan — not only sets him apart.
Persons: Robert F, Kennedy Jr, Ross Perot, , Kennedy, — Donald J, Trump, Biden, — Mr, Sean Wilentz Organizations: Princeton University
The Ugly Effect of Physical Insults
  + stars: | 2024-05-17 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
Debates can get, well, ugly in Congress, but rarely do they descend to the level of physical taunts. Yet that is exactly what happened on Thursday during a meeting of the House Oversight Committee. During a discussion about whether Attorney General Merrick B. Garland should be held in contempt of Congress, Representative Marjorie Taylor Greene, a Republican from Georgia, told Representative Jasmine Crockett, a Democrat from Texas, “I think your fake eyelashes are messing up what you’re reading.”Representative Alexandria Ocasio-Cortez, a Democrat from New York whose own signature red lipstick has become something of an online lighting rod, then leaped to Ms. Crockett’s defense. “How dare you attack the physical appearance of another person,” she said. Further name-calling ensued, culminating in Ms. Crockett’s covertly returning the insult by asking the chair, James R. Comer, “If someone on this committee then starts talking about somebody’s bleach blond, bad-built butch body, that would not be engaging in personalities, correct?” (That description being a not-entirely-implicit reference to Ms.
Persons: Merrick B, Garland, Marjorie Taylor Greene, Jasmine Crockett, , Alexandria Ocasio, , Crockett’s, James R, Comer, Greene Organizations: Republican, Locations: Georgia, Texas, Cortez, New York
A Shock of Red for a Royal Portrait
  + stars: | 2024-05-15 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
Royal portraits, as a rule, tend to be fairly staid, predictable affairs. Full of symbolism, sure, but generally symbolism of the traditional, establishment kind: symbols of state, of office, of pomp and lineage. Which is why the new official portrait of King Charles III by Jonathan Yeo, the first since the king’s coronation, has created such a controversy. A larger-than-life (7.5 foot-by-5.5 foot) canvas, the portrait shows the king standing in his Welsh Guards uniform, hands on the hilt of his sword, a half-smile on his face, with a butterfly hovering just over his right shoulder. His entire body is bathed in a sea of crimson, so his face appears to be floating.
Persons: King Charles III, Jonathan Yeo, , Yeo Organizations: Welsh Guards, BBC
A movement to rein in online pornography is rapidly intensifying, fueled by conservative outrage and growing unease over the accessibility of sexual content online, especially for children. Pornography is mentioned on the first page; banning pornography and locking up those who produce it are proposed on Page 5. He was an occasional guest at Hugh Hefner’s famed Playboy Mansion and made cameos in soft-core pornographic films produced by the company – though not in any scenes depicting sexual content or nudity. ‘Sex is the canary in the coal mine’The Supreme Court has deemed previous attempts to curb online pornography unconstitutional on First Amendment grounds. They were designed to protect adults from accessing adult content, which, of course, is their stated aim.
Persons: Donald Trump’s, Trump, , , Terry Schilling, Hugh Hefner’s, Stormy Daniels, Karen McDougal –, McDougal, Daniels, Kevin Roberts, ” Roberts, ” Roberts hasn’t, Ben Carson, Charlie Kirk, Chris LaCivita, Susie Wiles, President Trump, LaCivita, Wiles, Mike Stabile, ” Pornhub, , Robert Winterton, Pornhub, Solomon Friedman, It’s, ” Schilling, Paul Dans, Stabile, ” Stabile, Schilling, “ It’s, Stuart Brotman, Brotman –, Playboy’s Hefner –, Roberts, ” Brotman, Ben Bull, ” Bull Organizations: CNN, Trump, Heritage Foundation, Playboy, Heritage, Housing, Urban, Free Speech Coalition, US, Apple, Google, Facebook, , National Center, Media, Ethical Capital Partners, Republicans, US Department of Justice, University of Tennessee, GOP Locations: Manhattan, Washington, DC, Lake Tahoe, Texas, – Virginia, Montana , North Carolina , Arkansas , Utah , Mississippi, Louisiana, California, Knoxville
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