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☆ We're trimming a defensive stock that is serving its purpose in the portfolio
▼ + stars: | 2024-08-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following the trade, Jim Cramer's Charitable Trust will own 400 shares of PG, decreasing its weighting in the portfolio to 2.15% from 2.4%. Ever since earnings, P & G has stormed back despite the market volatility. The move here has been based on investors buying quality safety stocks like P & G out of fear of a growth scare in the U.S. economy. We always say there's room in any portfolio for a defensive dividend aristocrat like Procter & Gamble, and the market's recent stretch of turbulence proved its purpose. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, we've, Procter, Jim Cramer, Jim Organizations: Procter, Gamble, CNBC Locations: U.S

☆ Prosecutors used an AI tool to send a man to prison for life. Now the person who created it is under investigation.
▼ + stars: | 2024-08-06 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +18 min

But prosecutors had no direct evidence tying Black to the location of the murder, an Ohio appellate court later said. In many cases, prosecutors themselves don't even have access to the source code and haven't reviewed the underlying technology. Back in Akron, the judge in Rankin's case ordered the Cybercheck evidence excluded after prosecutors failed to turn over the source code. The Summit County Prosecutor's Office declined to comment when reached by BI. It's unclear how many others may be behind bars because of Cybercheck evidence that was never rigorously scrutinized.

Persons: Adarus Black, Black, Na'Kia Crawford, Crawford, Adam Mosher, Mosher, Cybercheck, Chris Ramsey, It's, That's, Donald Malarcik, Summit County who've, Javion Rankin, Tyraye Carter, Rankin, Malarcik, Eric Zale, Zale, Mr, Shara Munn, she'd, Freiheit, Meghan, Breck, Roesch, weren't, They've, who's, isn't, Phillip Mendoza, Kimberly Thompson, Brian James, Tyree Halsell, Mendoza, Mosher's, Steve Michniak, Michinaik, William Holland, Brian Stano, Katherine Long, Jack Newsham Organizations: Business, NBC News, Cybercheck, Prosecutors, Police, Fleming College, Technicians, Akron Police Department, University of Saskatchewan, Summit, Prosecutor's, BI Locations: America, Akron , Ohio, Ohio, Colorado , New York, Florida, New York, Philadelphia, Houston, Denver, Akron, Summit County , Ohio, Canada, Toronto, Summit County, Boulder , Colorado, New Brunswick, Calgary, Colorado, Nevada, Pennsylvania, Colorado , Ohio, East Akron , Ohio, Summit, Portage County, Lake Erie

☆ People online are joking about why they weren't chosen for the Olympic team in new viral trend
▼ + stars: | 2024-08-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kahlan-Rosenblatt.Jpg | Kalhan Rosenblatt | ) www.nbcnews.com time to read: +2 min

Many athletes are living out their Olympic dreams in Paris — while others on TikTok are showing off why they didn't make the cut. More than 250,000 people have used the audio as of Monday afternoon, though not all videos are linked to the trend itself. One of the more popular videos demonstrating the trend has been viewed more than 85 million times. The 2024 Paris Olympics have been rife with viral moments, with many at home watching the Games while also posting obsessively on social media. But instead of landing on her feet as intended, she lands on her knees, causing her to burst out laughing.

Persons: Paris —, ”, would’ve, Simone Biles, Jennifer Garner, Garner Organizations: American, Team USA, Paris Locations: Paris

☆ Using a 'bear put spread' to hedge against further market declines
▼ + stars: | 2024-08-05 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

The S & P 500 5,350 puts I discussed are trading nearly $170 as I write this, up ~ $12,000 per contract. This is even though the S & P 500 is down only 2.3% since I wrote that article over a month ago. One could roll those options down and out to the September 5200/4500 S & P 500 put spread which costs about $100. If you didn't read the earlier article, here are the components of a long put spread, sometimes referred to as a "Bear Put Spread." In periods of high implied volatility, option premiums are generally higher because the market anticipates larger price movements.

Persons: It's, Joe Biden, Kamala Harris, it's, Trump Organizations: Starbucks, CNBC, NBC UNIVERSAL, ~ $, & $ $

Understanding Insurance Rate Increases After an AccidentWhy Rates IncreaseCar insurance rates may increase after an "at fault" accident because your risk profile goes up, meaning you're more likely to file a claim. Average Car Insurance Increase After an AccidentNational AverageInsurance.com reports that insurance rates can increase up to 53% or $920 per year on average after one at fault accident. Add Car Insurance Accident ForgivenessSome insurance companies offer accident forgiveness, usually as an add-on to your policy for an extra premium. Car Insurance Rate Increase FAQWill my insurance go up after an accident that wasn't my fault? She’s reviewed life insurance and pet insurance companies and has written numerous explainers on travel insurance, credit, debt, and home insurance.

Persons: Felipe Teixeira, you've, they'll, Alani Asis Alani Asis, Forbes, She’s, Read Organizations: Accident, Auto, Insurance, Alaska, Alabama, Arizona, Colorado, Washington D.C, Iowa, Indiana, Maryland, Michigan, Nebraska, Tennessee, Texas, Washington, Lower, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: Arkansas, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Kansas, Kentucky, Louisiana, Maine, Minnesota, Missouri, Mississippi, Montana, Carolina, Dakota, Hampshire, Jersey, Mexico, Nevada, York, Ohio, Oregon, Utah, Virginia, Vermont, Wisconsin, Wyoming, U.S, Manoa

☆ When I was a kid, I moved every few months. Now that I'm a parent, I focus on creating stability for my family.
▼ + stars: | 2024-08-05 | by ( Tiffany Nieslanik | ) www.businessinsider.com time to read: +5 min

There weren't any specific reasons for most of the moves; we weren't a military family or moving due to work. As a parent, I focus on creating routines and stabilityWhen I became a parent, I read about the benefits of routines for children and the security that familiarity provides. As they have grown, we have built family rituals such as Friday Family Night, where we take turns deciding what to do as a group. These all add another layer of predictability to their lives and give our kids a sense of family identity and belonging. But I hope that the scaffolding of predictable routines and rituals as a foundation in their lives will give them the support they need to handle big changes when they arise.

Organizations: Service Locations: Illinois, Tennessee, Georgia, Southern, friendless, Amsterdam

☆ Miss USA vs. Miss America: How to tell the difference between the two biggest pageants
▼ + stars: | 2024-08-05 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +9 min

Read previewDo you know the difference between Miss USA and Miss America? From eligibility requirements and prize packages to swimsuit versus talent competitions, here are all the differences between Miss America and Miss USA. How did the Miss America and Miss USA pageants begin? Unlike Miss USA, Miss America features a talent competition. Both the Miss USA and Miss America pageants have had their share of scandals in recent years.

Persons: —, Margaret Gorman, weren't, Jackie Loughery, Yolande Betbeze, Kuusela, It's, Grace Stanke, Camille Schrier, Madison Marsh, Robin Fleming, Marsh, Laylah Rose, Rose, Kate Michael, Jae, Miss America, Sam Haskell, Mallory Hagan, Haskell, Hagan, Isaac Brekken Haskell, Gretchen Carlson, Carlson, Cara Mund, Mund, Crystle Stewart, Stewart, Miss USA Noelia Voigt, Miss Teen USA UmaSofia Srivastava, Jackeline Voigt, Barbara Srivastava, UmaSofia Srivastava, Noelia Voigt, Craig Barritt, Voigt, Srivastava, Miss Colorado Arianna Lemus, Stephanie Skinner, Paula Miles, Kimberly Nicewonder —, Barbara Srivastava's Organizations: Service, Miss USA, Miss America, Business, Miss, Atlantic City, Labor, Miss Washington DC, CBS, Getty Images Miss, Miss Universe, Nine, Miss America's, Miss Teen, AP, University of Alabama, Miss USA Organization, Miss America Organization, Huffington, Associated Press, Fox News, Miss Universe Organization, Miss Teen USA, CW Network Locations: Atlantic, Getty Images Miss USA, Finland, Miss USA, Miss America, New York, Los Angeles

☆ After 8 years of van life, they were ready to settle down. They bought an abandoned watermill in Portugal to turn into a family home.
▼ + stars: | 2024-08-05 | by ( Amanda Goh | ) www.businessinsider.com time to read: +11 min

Mr and Mrs AdventureAfter returning to the US in 2018, they continued with van life until mid-2020, when they started thinking about settling down. AdvertisementThe first property they viewed was an abandoned watermill in the Algarve, Portugal's southernmost region, and they were immediately smitten. While they're relying on solar energy in their camper, they plan to connect the watermill property to the grid in the future. This watermill project, we have to have other people involved," Drew said. Mr and Mrs AdventureNow, Drew added, even the bathroom in the watermill is about the size of their van.

Persons: —, Brittany, Drew Neumann, Adventure, van, Drew, they're, they've, We're, Ian —, I've Organizations: Service, Business, YouTube Locations: North America, Europe, Africa, Hawaii, Northern California, Arizona, Portugal, Brittany, Algarve, Portugal's, Fort Myers , Florida

☆ 'House of the Dragon' director says she 'couldn't sleep' thinking about how to film Daemon's game-changing finale vision
▼ + stars: | 2024-08-05 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +13 min

By the season finale, Alicent Hightower (Olivia Cooke) knows that she has no allies left in King's Landing. "Every time I'm in a scene like Rhaenyra and Alicent, I'm thinking about the war zone," she said. Matt Smith and Emma D'Arcy as Daemon and Rhaenyra Targaryen in the season two finale of "House of the Dragon." AdvertisementDaenerys Targaryen briefly appears in Daemon's vision in the season two finale of "House of the Dragon." What I love about the way Sara particularly wrote the season finale is that she grounded it in relationships.

Persons: Alicent Hightower, Olivia Cooke, Emma D'Arcy, Alicent, Rhaenyra, It's, —, Geeta Vasant Patel, Patel, Daenerys —, Matt Smith, Daemon, Liam Daniel, HBO You've, Emma, Olivia, Ryan, Sara, Hess, HBO Olivia, Catherine Goldschmidt, Ollie Upton, they'd, I'm, you've, Daemon Targaryen, Sarah, I've, there's, Matt, Daenerys Targaryen, Prince, Daenerys Organizations: Service, HBO Locations: King's, Rhaenyra, Harrenhal

☆ Some top brokerages reportedly go down as the market tanks
▼ + stars: | 2024-08-05 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Top brokerages had some outages on Monday morning, according to Downdetector. Fidelity told Business Insider that the issues had been resolved. Go to newsletter preferences Thanks for signing up! AdvertisementSome top brokerage firms were hit by online outages Monday as the global market continued its melt down, according to user reports. This story is available exclusively to Business Insider subscribers.

Persons: —, Charles Schwab Organizations: Fidelity, Business, Service, Vanguard, Interactive

☆ Meet Michal Kosinski, the Oppenheimer of AI's Scariest Future
▼ + stars: | 2024-08-05 | by ( Adam Rogers | ) www.businessinsider.com time to read: +20 min

Eugenicists used photographs and IQ tests to determine which people were "inferior," and sterilized those who didn't measure up — which usually turned out to be anyone who wasn't white and rich. Before he worked with photographs, Kosinski was interested in Facebook. It's just picking up on the way gay people present themselves on dating sites — which, not surprisingly, is often very different from the way straight people present themselves to potential partners. Kosinski thinks AI's ability to make the kind of personality judgments he studies will only get better. That is the future Kosinski fears — even as he continues to tinker with the very models that prove it will come to pass.

Persons: Michal Kosinski, Kosinski, I'm, they'd, isn't, Oppenheimer, David Stillwell, Stillwell, aren't, Brian Stauffer, Aleksandr Kogan, Donald Trump, —, Kosinski isn't, MAGA, Bernie bros, Alexander Todorov, It's, they've, — Francis Galton, Ronald Fisher, Karl Pearson —, Aubrey Clayton, Hitler, Trump, They're, Adam Rogers Organizations: Stanford University, Kosinski, Facebook, Cambridge, Cambridge Psychometrics, National Academy of Sciences, Psychometrics, BI, intuit, Guardian, Rights, GLAAD, Stanford, HRC, University of Chicago, US Supreme, tinker, Business Locations: California, Stanford, Kosinski, Russia

☆ Joe Biden Stepped Aside. a Lot of Aging CEOs Should Do the Same.
▼ + stars: | 2024-08-04 | by ( Rob Price | ) www.businessinsider.com time to read: +13 min

Less discussed, however, is a parallel crisis in corporate America: a wave of aging business leaders who refuse to step aside. The average retirement age is similarly increasing: to 62 in 2024 from 57 in 1991. Using public data from 1992 to 2018, they assessed the relationship between a CEO's age and their "managerial ability," as measured by how they turned company resources into revenue and profit. "A 10% increase in CEO age is associated with a 1.9% decrease in managerial ability," they wrote. And older workers, both above and below the traditional retirement age, already face unwarranted discrimination in the workplace.

Persons: who'd, Joe Biden's, Donald Trump, Ruth Bader Ginsburg, Sen, Dianne Feinstein, It's, Rosemond Desir, Scott Seavey, Seavey, what's, Mark Fisher, Sumner Redstone, —, David Ekerdt, Olivia S, Mitchell, Desir, Warren Buffett, Rupert Murdoch, Fisher, Biden imbroglio, they're Organizations: Business, Supreme, California, Florida Atlantic University, University of California, CBS, Viacom, Barclays, gerontology, University of Kansas, Wharton, Chevron, Caterpillar, Berkshire Hathaway, News Corp Locations: America, Irvine, Southern California, United, Berkshire

☆ Stop Trying to Optimize Everything; Key to Happiness Is Being Average
▼ + stars: | 2024-08-04 | by ( Emily Stewart | ) www.businessinsider.com time to read: +13 min

The laws of capitalism say we have to constantly be on the move — work hard, play hard, consume hard, rinse and repeat. In an age where you're supposed to optimize everything, maybe it's fine to just be … fine. "You really do need to work hard and earn a lot (or inherit a lot) to live in decent material conditions in these contexts," he said. Related storiesAs the old saying goes, money doesn't equal happiness (though I have a hard time believing it doesn't help). "There's a hell of a lot of people who are really going to be normal or average, ordinary.

Persons: Thomas Curran, we're, Curran, Avram Alpert, Alpert, Barry Schwartz, Swarthmore College who's, Schwartz, Nathan Cheek, We're, doesn't, influencers, You've, Taylor Swift, Kelly Goldsmith, Jamie Ducharme, Goldsmith, they've, —, isn't, it's, Beyoncé, Emily Stewart Organizations: London School of Economics, Swarthmore College, Purdue, YouTube, Vanderbilt University, American Psychological Association, Ivy League ., Business Locations: America, Greece

☆ A Gen Xer who 'retired' at 45 shares how the FIRE movement and side hustles helped him grow his savings to over $6 million
▼ + stars: | 2024-08-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

I stopped spending money on things that weren't of value to me." Side hustles and investing in retirement can boost one's savingsOver the past decade, Grumet has padded his savings through various income streams. In addition to hospice work, he's also tried side hustles that include medical expert work, nursing home medical directing, medical blogging, and several forms of consulting. While the extra income has helped boost his savings, Grumet said investing much of this income into the stock market — and seeing strong investment returns — is what's allowed his finances to truly blossom. Grumet said his retirement goal was to have at least 25 times his total annual spending in savings — he's already met this milestone.

Persons: —, Jordan Grumet, Grumet, who's, he's Organizations: Service, Business, BI, FIRE Locations: Illinois

☆ How a shuttered power plant in Michigan could pave the way for more nuclear energy
▼ + stars: | 2024-08-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

The Palisades Nuclear Generating Station in Covert, Mich. John Madill | The Herald-Palladium | APThe Palisades Power Plant on the shores of Lake Michigan had become a piece of history, a relic of an era when nuclear energy was viewed as the future. The new technology, which could become the first of its kind on the U.S. grid, promises to speed deployment of nuclear plants in the future. The U.S. and a coalition of more than 20 other countries pledged in December to triple nuclear energy by 2050. But building new nuclear plants is slow and expensive. SMRs are viewed as an important path to expand nuclear power because they promise to reduce capital costs, a major hurdle to building new plants.

Persons: John Madill, Kelly Trice, Holtec, Gretchen Whitmer, Whitmer, Trice, Jennifer Granholm, Kristen Norman, Chris Womack, " Trice, We've Organizations: Herald, Palladium, Palisades Power, Holtec, Department of Energy, Nuclear Regulatory Commission, Michigan, Training, Bloomberg, Getty, Rystad Energy, Energy Information Administration, Southern Company, Big Tech, Holtec's SMR Locations: Covert, Mich, Lake Michigan, Covert , Michigan, Grand Rapids, U.S, Michigan, Palisades, Pennsylvania, Florida, Turkey

☆ Here are Warren Buffett's top stock holdings, revealed in Berkshire's latest quarterly earnings
▼ + stars: | 2024-08-03 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett is turning heads after Berkshire Hathaway disclosed it sold nearly half of its Apple stake last quarter. About 72% of Berkshire's equity portfolio is concentrated in five stocks, according to the conglomerate's latest earnings report. Meanwhile, Berkshire held onto longtime bets Coca-Cola and American Express , worth $25.5 billion and $35.1 billion, respectively, at the end of the second quarter. Buffett was in a selling mood overall in the second quarter with Berkshire shedding more than 75 billion in stock, raising its total cash level to an eye-popping $277 billion. After the sales, these holdings remain same top five holdings Berkshire disclosed in the first quarter.

Persons: Warren Buffett, Berkshire Hathaway, Buffett Organizations: Apple, Oracle, of America, Bank of America, Chevron, American Express, Berkshire Locations: Omaha, Berkshire

☆ Susan Sarandon on Her Best Movie Roles: 'Rocky Horror,' 'Thelma & Louise'
▼ + stars: | 2024-08-03 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +11 min

Advertisement"It wasn't the kind of movie that you're really watching every single word. On Tim Curry convincing her to read for 'Rocky Horror' and being afraid to sing 'Happy Birthday'Tim Curry, Barry Bostwick, and Susan Sarandon in "The Rocky Horror Picture Show." I know it looks like we had so much fun, but we really didn't hang out that much or do any of that. On her 'give and take' with Ridley Scott over the 'Thelma & Louise' scriptSusan Sarandon and Geena Davis in "Thelma & Louise." AdvertisementI think that's what you do with every project you go through, to just try to understand the whole.

Persons: Susan Sarandon, She's, Sarandon, Lou, who's, Sheryl Lee Ralph, Megan Mullally, Bette Midler, Billy Wilder, Bull Durham, Thelma, Louise, Ridley Scott, Tim Curry, Barry Bostwick, Michael Ochs, Tim Curry —, Tim, Janet, Nobody, it'll, Richard O'Brien, Kevin Costner, Ron Shelton's, Kevin, Costner, Robbins, Ron, wouldn't, It's, I've, Geena Davis, Ridley, I'm, Arnold Schwarzenegger, Mel Gibson Organizations: Business, SAG, WGA, Bull, Michael Ochs Archives, Hollywood Locations: Key West , Florida, Florida, Savannah, LA, London, Bull, Rome

☆ Assigned desks are now a work perk — and Gen Zers are making themselves right at home
▼ + stars: | 2024-08-03 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +7 min

Read previewWhen Maïa Maury, 25, started a new job in the US, she was happy to find that it came with her own assigned desk. AdvertisementWhile an assigned desk used to be a given in an office, the pandemic ushered in an era of hot desking and working from home. Now, cubicles and assigned office desks are more of a novelty, meaning those lucky few who get one are sometimes keen to make the most of it. AdvertisementAnother Gen Zer, Zernab Saeed, wanted to make the most of having a personal office desk in her first job out of college. Many companies are still shifting toward reducing office space, leaving fewer opportunities for people to enjoy having their own desks.

Persons: —, Maïa Maury, who'd, hoover, Maury, Zernab Saeed, Zernab, Zernab Saeed Saeed, she's, there's, Caitlin Turner, HOK, Turner, Gen Zers, Gen, it's, Leonora Georgeoglou Organizations: Service, Business Locations: French

☆ Microsoft's cloud is 'no-brainer' for some AI startups, helping Azure gain ground on AWS
▼ + stars: | 2024-08-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +10 min

However, after EzDubs went through the Y Combinator startup program last year, the company made a quick pivot, adding Microsoft's cloud into the mix. That's because EzDubs' founders learned of a partnership that enabled Y Combinator companies to receive $350,000 worth of credits on Microsoft Azure. The current offer includes $350,000 in AWS credits, plus $300,000 reserved for tapping the custom silicon, the spokesperson said. A spokesperson later said 58% of Y Combinator startups had taken up Microsoft's credit offer, a figure that doesn't reflect actual Azure usage. "Leading AI startups use OpenAI to power their AI solutions, therefore, making them Azure customers as well."

Persons: Amrutavarsh Kinagi, Kareem Nassar, Padmanabhan Krishnamurthy, EzDubs, Krishnamurthy, Y, Annie Pearl, it's, Satya Nadella, Sam Altman, Hayden, CNBC InKeep, OpenAI, Nick Gomez, InKeep's, InKeep, Gomez, CNBC's Andrew Ross Sorkin, Prady Modukuru, Modukuru, Anthropic, Daksh Gupta, Gupta, Nassar Organizations: Google, Microsoft, CNBC, Amazon, Services, Alchemist, AWS, Hayden Field, Sync Labs, Sync, OpenAI Locations: Palo Alto , California, OpenAI's, San Francisco

☆ Perspective: There's typically one correction every year — and this could be it
▼ + stars: | 2024-08-02 | by ( John Melloy | ) www.cnbc.com time to read: +2 min

The S & P 500 is down about 6% from its all-time high following Friday's losses, making this the second decline of greater than 5% this year. Bank of America also found that, in the last century, the stock market experienced on average one 10% correction a year. So, if the S & P 500 follows the Nasdaq Composite into correction territory, that too would be just normal market activity for any given year. .SPX YTD mountain S & P 500, YTD History shows that this market behavior doesn't change much in election years. To be sure, this has been a unique cycle in that the stock market rallied during Federal Reserve rate hikes.

Persons: Piper Sandler, Piper, Adam Turnquist, there's, we're, — CNBC's Pia Singh Organizations: Bank of America, Nasdaq, Corrections

☆ I tried J.Crew's new designer collaboration and found summer staples any cool girl would love
▼ + stars: | 2024-08-02 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +5 min

As part of its continuing evolution, J.Crew released a collaboration with Maryam Nassir Zadeh, a New York City-based brand, in July. Instead, they were scattered throughout the floor with pieces from other J.Crew lines. The skirt that fit my waist felt tight on my hips, while the skirt that fit my hips was too big at the waist. Overall, I was most impressed by the everyday items from J.Crew and Maryam Nassir Zadeh's collection, particularly the cotton pieces. They were so soft, lightweight, and versatile that I instantly wanted to make them staples of my summer wardrobe.

Persons: —, Abercrombie, J.Crew, Maryam Nassir Zadeh, Maryam Nassirzadeh, weren't, Samantha Grindell, Maryam Nassir Zadeh's Organizations: Service, Business Locations: New York City, Soho, York

☆ After getting laid off back-to-back, I now depend on my mom to pay rent
▼ + stars: | 2024-08-02 | by ( Tonja Renée Stidhum | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I switched careers 3 years agoAbout three years ago I changed careers, and that came with an incredible pay raise. I was laid off after a year but found a new jobI learned a lot about money the hard way. But, I was laid off from that first tech job after about a year. I was laid off againThe next layoff took about six months, and the severance wasn't nearly as cushy.

Persons: —, crouch, hadn't, Dom Perignon, I'm, I'd, wasn't Organizations: Service, Business Locations: Los Angeles, Chicago

☆ 11 of the most baffling archaeological finds of all time
▼ + stars: | 2024-08-02 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +1 min

Humans were making rope nearly 40,000 years agoExperts think this ivory baton was used for rope making around 38,000 years ago. One artifact, an eight-inch piece of ivory with grooved holes, wasn't easy to identify. Archaeologists have found similar items, known as batons, in the UK and France. Made of ivory or antler, they have holes with grooves on the inside, and some have notches. Based on descriptions of rope-making with similar tools from the Middle Ages, the researchers recreated the process with a replica of the piece of ivory.

Persons: Nicholas Conard Organizations: of Tübingen Locations: Germany, France

☆ The GenAI jitters: Is there enough demand for $1 trillion in AI spending?
▼ + stars: | 2024-08-02 | by ( Alistair Barr | Eugene Kim | ) www.businessinsider.com time to read: +4 min

AdvertisementBig tech companies are forecast to spend $1 trillion on data centers, real estate, chips and other gear to build AI models, tools and products. AdvertisementSome big tech companies have already whittled away a large chunk of their cash reserves chasing this AI trend. For more than a year, the assumption has been that generative AI will stoke a massive wave of new demand. What if that demand turns out to be weaker than expected? A major piece of evidence he shared was about demand for Microsoft's 365 Copilot service.

Persons: —, Ashley Stewart, I've, Ashley, Keith Weiss, Morgan Stanley, Weiss, Andy Jassy, Sundar Pichai, Satya Nadella, BI's Ashley Stewart, Nadella Organizations: Service, Business, pharma, Big, Microsoft, stoke, Amazon, Google, CIO

☆ As Ryan Salame stares down years in prison for his role in FTX, he's spending his time doing what he loves: posting
▼ + stars: | 2024-08-02 | by ( Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +12 min

Read previewIn May, Ryan Salame was sentenced to 7½ years in prison for his role in Sam Bankman-Fried's multi-billion-dollar cryptocurrency fraud. In May, US District Judge Lewis Kaplan — who also oversaw Bankman-Fried's trial — sentenced Salame to 7.5 years in prison, higher than what prosecutors recommended. AdvertisementSalame says without evidence that a key witness in Bankman-Fried's trial liedSalame pleaded guilty to charges against him in September, shortly before the start of Bankman-Fried's criminal trial in Manhattan. At the trial, Singh said he initially cared about the political donations, but later just did whatever Salame told him to. In social media posts, Salame said Singh wasn't being truthful about his role in the use of FTX customer funds.

Persons: —, Ryan Salame, Sam Bankman, Salame, Fried, SBF, Trump, Donald Trump, RyAN, Lewis Kaplan —, Kaplan, ANGELA WEISS, weren't, German Shepherd, Caroline Ellison, Gary Wang, Nashad Singh —, Wang, Singh, Ellison hasn't, Salame didn't, didn't, Nishad Singh, FTX, Ellison, Singh wasn't, Nishad, I've, Guy, hasn't, he's, Joe Biden, Bitcoin, Gary Gensler, Biden, Kamala Harris Organizations: Service, Business, Alameda Research, US Bureau of Prisons, US, Mega, FTX, Circle Trade, CPA, HK, Republican Party, Twitter, Alamada Research, Prosecutors, Getty, FTX's, Office, Southern, of, Bankman, Republican, Alameda, SEC, Trump Card Locations: Bankman, FTX, Alameda, Bahamas, America, Nashville, Manhattan, Washington ,, United States, German, of New York, York

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