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☆ Hurricanes are becoming more frequent, violent, and costly — plus they're hitting jobs and economic growth
▼ + stars: | 2024-10-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Hurricane Milton is battering Florida days after Hurricane Helene wreaked havoc on several states. The two events are the latest sign that hurricanes are becoming more frequent, more ferocious, and more costly. They're also hitting employment and economic growth, at least in the short term. They estimated that a Category 5 storm could lower fourth-quarter annualized GDP growth by 0.14 percentage points, from a forecasted 2.3% to below 2.2%. "Rebuilding should provide a boost to economic activity in those affected regions in subsequent months, and potentially years," Sweet told BI, quoting from his recent note.

Persons: Milton, Hurricane Helene, Helene, They're, Adam Smith, Jefferies, Harvey, Ian, Smith, Michael Mann, Ryan Sweet, Sweet, Mann, Implan Organizations: Service, Hurricanes, National Oceanic, Atmospheric Administration, NOAA, University of Pennsylvania, Oxford Economics, Boeing, Milton, Potsdam Institute, Climate Impact Research Locations: Florida, North Carolina, Milton

A credit score under these thresholds is also called a sub-prime credit score, which means that creditors might think twice when reviewing your application for a credit line. However, a combination of serious negative marks on your credit score may seriously hurt your credit score, putting you on the lower end of the score range. Minimal credit history: A minimal credit history means you haven't been using credit (like a credit card or loan) for much time. While one credit check on your credit report may dent your credit score by a few points, several of these in a short period of time will significantly hurt your credit score. While one credit check on your credit report may dent your credit score by a few points, several of these in a short period of time will significantly hurt your credit score.

Persons: VantageScore, aren't, you'll, Enoch Omololu, Erik Beguin, Kendall Meade, Jennifer, Read Organizations: New Canadians, Austin Capital Bank, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: annualcreditreport.com, America, TheGrio, New York City

☆ A 36-year-old who hit 'coast FIRE' by maxing out 3 investment accounts explains how she saved over half her 5-figure income
▼ + stars: | 2024-10-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Amberly Grant achieved 'coast FIRE' by saving 75% of her income and investing in index funds. AdvertisementFor years, Amberly Grant didn't earn enough money to save for her future. Rather than spend money on a heating system, "we just decided to be kind of cold," said Grant. Grant refused to spend money on haircuts and manicures. Maxing out 3 investment accounts and achieving 'coast FIRE'By keeping her monthly expenses around $1,300, Grant was able to save about 75% of her pre-tax income right after graduating.

Persons: Amberly Grant, Roth, —, Amberly Grant didn't, I've, Grant, I'd, she's, it'll Organizations: Roth IRA, Service, Leeds School of Business, Reading, IRA, BI Locations: Thailand, Sydney, Denver, Portland, San Francisco, Vegas, Colorado

☆ Want to get into the AI industry? Head to Abu Dhabi.
▼ + stars: | 2024-10-08 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

The UAE's AI minister believes we'll have "centers and nodes of excellence across the world." Last year, the country's wealthiest emirate, Abu Dhabi, launched Falcon — its first open-source large language model. Abu Dhabi's ruling family also controls several of the world's largest sovereign wealth funds, including the Abu Dhabi Investment Authority and Mubadala Investment Company, a founding partner of MGX. In 2010, New York University launched a branch in Abu Dhabi that has since developed a focus on AI. Its "true strengths lie in the leadership's strategic vision, substantial investments in AI research and compute capacity, and government-led initiatives in industry.

Persons: we'll, —, Omar Sultan Al Olama, Al Olama, Abu Dhabi's, PwC, It's, Mohamed bin, Abu Dhabi, Nancy Gleason, Mohamed Organizations: United, United Arab Emirates, Service, Stanford's Center, Atlantic Council, International Trade Administration, Abu, Abu Dhabi Investment Authority, Mubadala Investment Company, Atlantic, New York University, University of Artificial Intelligence, Intelligence, NYU Abu Locations: United Arab, Silicon Valley, Malta, Paris, United Arab Emirates, UAE, Silicon, Abu Dhabi, United States, China, Dubai, University, Abu, NYU Abu Dhabi

☆ China is menacing Taiwan with a drone swarm attack — and the US is playing catch-up
▼ + stars: | 2024-10-08 | by ( Tom Porter | ) www.businessinsider.com time to read: +9 min

Creating a 'Hellscape'Drones could be deployed by China to swarm over Taiwan and guide high-precision missile strikes, experts told Business Insider. Numbers countBut countering China's drone capability is in part a numbers game, and this is where Taiwan and the US currently fall short. When combined with other Chinese drone companies, that share goes up to well above 80%, it said. AdvertisementThis method would be vital for tracking and disabling some of the smaller drones China might use in an attack on Taiwan, said Pettyjohn. Advertisement"Currently the US and Taiwan do not have sufficient air defenses and CUAS [counter drone] systems to deal with the Chinese drone threat," she said.

Persons: —, it's, China's, Adm, Samuel Paparo, Paparo, Stacie Pettyjohn, Xi Jinping, he'd, Zak Kallenborn, Ercin, Teng Yun, Pettyjohn, Weeks, John Aquilino, Sean Gallup, Kallenborn, We've Organizations: Service, Pacific Command, Washington, People's Liberation Army, Center, New, New American Security, Anadolu Agency, Getty, Financial Times, The New York Times, US Army, Armed Services Committee, Institute for Economics, Peace Locations: China, Taiwan, Taiwan Strait, New American, US, Ukrainian, Philadelphia, Ukraine, United States, Pettyjohn

To help answer those questions, NBC News is tracking the online prices of five popular holiday gifts in major categories through the end of the year. If these specific items aren’t on your list, it may be worth keeping an eye on them anyway. Adobe, which tracks e-commerce spending, told NBC News it expects total holiday spending to top $240 billion this year, up 8.4% from last year. Retailers including Target, Walmart and Best Buy are kicking off early holiday sales in the first week of October. Similar deals are expected for the upcoming one this month, making it an opportune time to check on deals.

Persons: Ninja, PwC, “, ”, Vivek Pandya, ” Pandya, Pandya Organizations: NBC, Consumer, Wired, Apple, Apple AirPods, Apparel, Reebok, Amazon, Target, Walmart, Amazon’s, NBC News, Keepa Reebok, Keepa, Adobe, Retailers Locations: Zappos

☆ Slump for tech stocks could open the door for tactical trades in fourth quarter, investors say
▼ + stars: | 2024-10-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The tech trade lost some of its steam over the summer, and that could create opportunities for tactical trading in the fourth quarter, several investors told CNBC. The Nasdaq Composite rose 2.6% during the third quarter, lagging behind both the broader S & P 500 's gain of 5.5% and the small Russell 2000's jump of 8.9%. Still, many investors are cautious of abandoning the tech trade completely even after a few bumpy months. Even after the recent slump, those stocks still account for about 31% of the S & P 500, and even more in many funds focused on tech or growth. RSP 6M mountain This equal weight version of the S & P 500 outperformed the regular S & P 500, the Nasdaq Composite and the Dow Jones Industrial Average in the third quarter.

Persons: Russell, James Ragan, DA Davidson, We're, Frank Tedesco, Ragan, Jason Browne, Alexis, We've, we've, Browne, LEXI Organizations: CNBC, Nasdaq, Nvidia, Microsoft, DA, Astoria, RSP, Dow Jones, Quality, Alexis Investment Partners, Big Tech Locations: Astoria

☆ Israel marks the anniversary of October 7 Hamas attacks with tears and anger
▼ + stars: | 2024-10-07 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +10 min

To mark the anniversary of his death, his family huddled around the memorial on Monday, hugging each other and David’s picture. War rages onMonday marked the first anniversary of the Hamas terror attacks, and a year since Israel began its war against the militant group in Gaza. Throughout the morning, loud booms of outgoing fire reverberated throughout southern Israel as the IDF hit targets in the Gaza strip. Indeed, as the anniversary events got under way, several rockets were fired from Gaza towards Israel, injuring two people. Time stopped here,” Amat Moshe, whose grandparents were residents of the kibbutz, told CNN at the Nir Oz cemetery.

Persons: revelers, Amit Itzhak David, Inbar Parnassa, “, ”, Parnassa, Anat Magnezi, Amit Magnezi, Amit, Gabriel Barel’s, Yeoda, Jim Urquhart, Nir Oz, Dolev Yehud, Daniel Lifshitz, Yehud, Yehud’s, Sigal, Arbel, Ariel Cunio, David, David’s, Sharon Alony Cunio, Alony Cunio, Lifshitz, Oded, Yocheved, Yocheved Lifshitz, Nurit Cooper, Amiram Cooper, ” Amat Moshe, Nir, Moshe’s, Adina Moshe, Adina, Maya Shoshani Moshe, Moshe, Benjamin Netanyahu, Netanyahu, Amir Cohen, Jonathan Shimriz, Alon Shimriz Organizations: Israel CNN, Nova Music, CNN, Nova, Israel Defense Forces, Hamas, United Nations, Israel, Israel’s, Reuters Locations: Tel Aviv, Israel, Gaza, South America, Jerusalem, Kibbutz Mefalsim

☆ FDA antidepressant warnings of suicide risk among kids may have the opposite effect, study finds
▼ + stars: | 2024-10-07 | by ( Kristen Rogers | ) edition.cnn.com time to read: +9 min

None of the studies noted improvements in mental health care or declines in suicide attempts or deaths after the warnings were implemented. While an increase in antidepressant use occurred before the FDA advisory, there were abrupt and sustained declines in use — ranging from 20% to 50% — after the warnings. Three studies reported increases in psychotropic drug poisonings, which suggest suicide attempts, and in suicide deaths among children. However, “the study convincingly suggests that the Black Box warning may have made at least some providers and families anxious about treating adolescents with antidepressants,” Fortuna said. Every young person differs in the level of risk, needs and circumstances, Fortuna said, and antidepressants can be lifesaving.

Persons: ”, Stephen Soumerai, ” Soumerai, suicidality, Lisa R, Fortuna wasn’t, Fortuna, ” Fortuna, . Kao, Ping Chua, Susan B, Chua wasn’t, ” Chua, Chua, “, ” Young Organizations: Lifeline, CNN, Food and Drug Administration, Health Affairs, Harvard Pilgrim Health Care Institute, Harvard Medical School, FDA, Children, American Psychiatric Association, National Institute of Mental Health, University of California, Research Center, University of Michigan Medical Locations: Massachusetts, United States, Riverside, pediatricians

☆ Super Micro shares soar after server company says it's shipping over 100,000 AI GPUs per quarter
▼ + stars: | 2024-10-07 | by ( Cj Haddad | ) www.cnbc.com time to read: +1 min

Super Micro Computer shares jumped 15% after the computer server company said it's shipping more than 100,000 graphics processing units used for artificial intelligence per quarter. The GPU figure was revealed in an announcement about a new cooling product unveiled by Super Micro on Monday. As one of the biggest beneficiaries of the AI boom, Super Micro makes computers that companies use as servers for data storage, websites, AI training models and more. While the announcement was cheered by Wall Street, Super Micro is about nine weeks behind in reporting its annual report, which was expected in August. WATCH: Super Micro stock is a 'very risky buy'

Persons: Wall Organizations: Micro Computer, Super, Micro, Wall Street Journal, Department of Justice, Hindenburg

☆ Deshaun Watson reaches new low in Browns' loss to Commanders
▼ + stars: | 2024-10-06 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

The Cleveland Browns fell to 1-4 with a loss to the Washington Commanders on Sunday after yet another dispiriting performance by quarterback Deshaun Watson. After five games, Watson has thrown for only five touchdowns while tossing three interceptions. It has been a downward trend for Watson ever since he began playing for the Browns toward the end of the 2022 season. Even Watson’s former backup Flacco — who threw more touchdown passes than Watson in fewer games with the Browns last year — is playing better. After Sunday’s loss, Browns head coach Kevin Stefanski stood by Watson.

Persons: Deshaun Watson, Watson, Baker Mayfield, Joe Flacco, Mayfield, Flacco, —, Kevin Stefanski, “, ” Organizations: Cleveland Browns, Washington, Browns, Cleveland, NFL, Tampa Bay Buccaneers, Indianapolis Colts Locations: Cleveland, Mayfield

☆ 5 things you should always have on your résumé and 8 items to leave out
▼ + stars: | 2024-10-06 | by ( Madison Hoff | ) www.businessinsider.com time to read: +12 min

Business Insider asked experts about what job seekers do and don't need to have on a résumé. But beware: What you include and leave out and how your résumé looks could shape your chances of getting hired. With that in mind, job seekers may want to leave out certain things on their résumé that potential employers don't really care about. Don't make the résumé unreadable and unprofessionalNorton said she would move on if a résumé was in "unprofessional formatting." Don't include a line about referencesHaller said people include on their résumé "references available upon requests."

Persons: —, Stacie Haller, ResumeBuilder.com, They're, Vicki Salemi, There's, Maggie Norton, we've, Haller, Norton, Salemi, it's, résumés, I've, It's Organizations: Service

In September, the Harris campaign’s spending on ads about crime plummeted to just $28,000, less than 1% of its monthly broadcast TV ad spending. In August, the Harris campaign spent $7.8 million on broadcast TV ads about abortion, about 15% of its total spending that month. Economic themes also dominated Harris campaign advertising throughout August and September. In August, the Trump campaign spent about $15.5 million on broadcast TV ads about immigration, or about 41% of its monthly broadcast TV outlays. In September, that total fell dramatically to just $10,500, less than 1% of the Trump campaign’s total broadcast TV spending.

Persons: Kamala Harris, Donald Trump, Harris, Harris ’, Joe Biden, Roe, Wade, Trump, –, Biden Organizations: CNN, White, Trump, Democratic, San, Republican, Keystone State, Michigan, Georgia, Republicans Locations: California, San Francisco, Housing, Pennsylvania, Michigan, Georgia , Wisconsin , Arizona, North Carolina, Nevada, Keystone, Peach, Georgia, Wisconsin, Arizona, Nebraska

☆ What Harris’ unrealized capital gains tax proposal means for you
▼ + stars: | 2024-10-06 | by ( Katie Lobosco | ) edition.cnn.com time to read: +8 min

A billionaire minimum tax is one of several proposals pushed by Democrats in recent years to tax the rich. Harris has specifically called for raising the top tax rate on millionaires with long-term realized capital gains from 20% to 28%. Harris’ proposal to increase the tax rate on realized capital gains to 28% would apply to taxpayers with income over $1 million. How a tax on unrealized capital gains would workLet’s discuss how a billionaire minimum tax – which is, on a basic level, a tax on unrealized capital gains – would impact a homeowner. If passed, a billionaire minimum tax – an unprecedented tax on income not yet received – would likely face many legal challenges.

Persons: Kamala Harris that’s, “, ”, Mark Friedlich, Harris, hasn’t, Biden, Joe Biden, Erica York, it’s, ” Friedlich, Ron Wyden, Joe Manchin, Kyrsten, inheritances Harris hasn’t, Biden’s Organizations: Washington CNN, IRS, Wolters Kluwer, Accounting, Biden, Tax, Oregon Democrat, Senate Locations: Altrata, Oregon, Sens, West Virginia, Arizona

☆ How activist Irenic can amicably build shareholder value at Reservoir Media
▼ + stars: | 2024-10-05 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Business: Reservoir Media operates a music publishing business, a recorded music business, a management business and a rights management entity in the Middle East. It operates through two segments: Music Publishing and Recorded Music. The Music Publishing segment is involved in the acquisition of interests in music catalogs, from which royalties are earned, as well as signing songwriters to agreements. The Recorded Music segment acquires sound recording catalogs and discoves recording artists, as well as markets, distributes, sells and licenses the music catalogs. After 12 years as a private company, RSVR went public in July 2021.

Persons: Joni Mitchell, Isley, Billy Strayhorn, Hoagy Carmichael, John Denver, Ali Tamposi, Jamie Hartman, Oak Felder, Steph Jones, Hans Zimmer, RSVR, Roth, Adam Rothstein, Irenic, SPACs, Khosrowshahi, Hipgnosis, Richmond Hill's, Ryan Taylor, Ken Squire Organizations: Reservoir Media, Publishing, Reservoir, Blackstone, Richmond Hill Investments, Richmond, 13D Locations: RSVR, Richmond

☆ A major curveball in retirement preparedness: divorce
▼ + stars: | 2024-10-05 | by ( Allie Kelly | Juliana Kaplan | ) www.businessinsider.com time to read: +10 min

Monthly Social Security checks aren't enough for most baby boomers to get by, further fueling a retirement crisis. A prenuptial agreement can be helpful, but it typically doesn't protect wealth built after the couple ties the knot, like retirement savings. Men's monthly retirement incomes are nearly $600 more than women's — $2,610 to $2,042 — and they're more likely to have a balance in a retirement account. Overall, divorced women like Clark see lower monthly retirement incomes than their male counterparts — and peers who have remarried. One of Mintzer's greatest divorce regrets is that she didn't safeguard her retirement savings.

Persons: —, Libby Mintzer, Mintzer, she's, Melody Evans, Evans, Roth, couldn't, didn't, Kathryn Clark, Clark, Clark didn't, Clark's, it's Organizations: Service, Social Security, Social, Gerontology, —, Roth IRA, SNAP, allisonkelly Locations: Florida, Tampa, California's Bay

☆ Asheville's vibrant arts scene has powered its economy. Rebuilding will be hard.
▼ + stars: | 2024-10-04 | by ( Alexandra Byrne | Alexandra Byrne Is A New York City-Based Reporter | Incoming Intern With The Nbc News Business | ) www.nbcnews.com time to read: +3 min

Visitors to Asheville’s Buncombe County spent nearly $3 billion last year, accounting for 20% of the county’s annual economy. “It has been a very vibrant tax base” as well, added Nadine Charlsen, who owns Northlight Studios on Depot Street and served as president of the River Arts District from 2018 to 2021. Asheville’s River Arts District in 2018. Nadine Charlsen, owner of Northlight Studios, Asheville, N.C. Andrea Kulish Wilhelm, an artist and teacher who specializes in pysanky, or Ukrainian Easter eggs, has been walking down to the River Arts District every day since Helene swept through.

Persons: Helene, ”, Max Trumpower, Hurricane Helene, Nadine Charlsen, Vic Isley, George Rose, Katie Cornell, ArtsAVL, she’s, Andrea Kulish Wilhelm, Kulish Wilhelm, can’t, Charlsen, ” Charlsen Organizations: Arts, Asheville, Visitors, “, Explore, Northlight Studios, River Arts District, Arts District, Pink Dog, Cornell Locations: Asheville, North, Hurricane, North Carolina, Asheville’s Buncombe, Explore Asheville, N.C

☆ A millennial with a Ph.D. and over $250k in student loan debt says she's been looking for a job for 4 years. She wishes she prioritized work experience over education.
▼ + stars: | 2024-10-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

A millennial with a Ph.D. and over $250,000 in student loan debt said she can't find a job. She's looking for business roles while working as a nurse to help pay the bills. She said she's been forced to expand her job search and explore a new career in nursing to help her make ends meet. AdvertisementRasberry said she thinks the biggest obstacle in her job search is her lack of work experience. She said working remotely would make it easier to keep her nursing job, reduce her commuting costs, and care for her dog.

Persons: —, Rasberry, She's, she's, I've, she'd, hasn't, — she's, wasn't, I'm Organizations: Service, Saint Leo University in, Business Locations: Saint Leo University in Florida, Virginia

Hospitals across the U.S. are taking steps to conserve their supplies of IV fluids after Hurricane Helene struck a critical manufacturing plant belonging to the country’s biggest supplier. IV fluids are used to deliver drugs or water with electrolytes directly into a patient’s bloodstream. Follow live updates on the aftermath of Hurricane HeleneThere are four primary manufacturers of IV fluids in the U.S. Baxter is the leader, accounting for about 60% of the market. The company is the main supplier for Mass General Brigham in Boston, which uses more than 100,000 liters of IV fluid from Baxter every month. “Patients are still getting IV fluids when they need them,” Biddinger said.

Persons: Helene, They’re, Baxter, Brigham, Dr, Paul Biddinger, Biddinger, it’s “, ” Biddinger, ” Organizations: Baxter International, Mass, Gatorade Locations: U.S, , North Carolina, Boston

Only about 2% of residences in the 100 counties hit hardest by Hurricane Helene-related power outages were protected by flood insurance, according to an NBC News analysis of Census Bureau data, PowerOutage.us data and National Flood Insurance Program policy data that the insurance company Neptune Flood collected. While many coastal counties have larger shares of residences with flood insurance, coverage in inland counties is rare. Less than 1% of the North Carolina counties hardest hit by Helene were covered — and in South Carolina, it was even less, 0.3%. The NFIP, managed by the Federal Emergency Management Agency, is the country’s leading provider of flood insurance, accounting for more than 95% of the flood insurance policies nationwide. 2 is confusion, that they believe that their homeowners insurance covers the risk of flooding when it does not.

Persons: it’s, Hurricane Helene, Helene, ”, Trevor Burgess, Neptune Flood, ” Burgess, Burgess, “ Organizations: NBC, National Flood Insurance, Neptune, Federal Emergency Management Agency, FEMA Locations: North Carolina, South Carolina, St . Petersburg , Florida, Florida , Georgia, South Carolina , Tennessee, Virginia

☆ Digital bank Revolut slams Meta over approach to scams, says tech giant should compensate victims
▼ + stars: | 2024-10-03 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

British financial technology firm Revolut on Thursday criticized Facebook parent company Meta over its approach to tackling fraud, saying the U.S. tech giant should directly compensate people who fall victim to scams via its social media platforms. In a statement, Woody Malouf, Revolut's head of financial crime, said that Meta's plans to tackle financial fraud on its platforms amount to "baby steps, when what the industry really needs is giant leaps forward." "These platforms share no responsibility in reimbursing victims, and so they have no incentive to do anything about it. Britain's Payments System Regulator had previously recommended a £415,000 maximum compensation amount for fraud victims, but backed down following backlash from banks and payment firms. The fintech firm published a report Thursday alleging that 62% of user-reported fraud on its online banking platform originated from Meta, down from 64% last year.

Persons: Revolut, Woody Malouf, Malouf, Meta, Revolut's Malouf, WhatsApp Organizations: Facebook, Meta, NatWest, Metro Bank, CNBC, Regulator, Consumer Security Locations: U.S, Meta

Smith, in the 165-page document, provides the fullest accounting yet of evidence in his 2020 election conspiracy case against Trump, Pence’s former boss. Increased pressure on PenceTrump, after Pence told him he did not have the authority to decertify the election, began to up the intensity of his request, prosecutors say. On the call, Trump told Pence that “hundreds of thousands” of people “are gonna hate your guts” and “people are gonna think you’re stupid,” also calling Pence “too honest,” according to the filing. Hours before January 6On January 5, 2021, according to the filing, Trump once again met with Pence to allegedly try to pressure him not to certify the electoral college votes. Some of those inside the Capitol then later began chanting, “Hang Mike Pence!,” “Where is Pence?

Persons: Mike Pence’s, Joe Biden’s, Donald Trump, Jack Smith’s, Smith, Trump, Pence, Kamala Harris ’, –, Harris ’, Tim Walz, Sen, JD Vance, ” Walz, “, doesn’t, Walz, Harris, Mike Pence, ”, Biden, ” Trump, ’, Pence Trump, Pence –, John Eastman, Pence’s, Trump “, didn’t, ” Smith, —, Polantz, John Fritze, Devan Cole, Marshall Cohen Organizations: CNN, Trump, Capitol, Supreme, Republican Party, Electoral, White, Twitter, Electoral College Locations: York , Pennsylvania, Arizona, Georgia, Washington , DC

☆ Cathie Wood's Ark is doubling down on OpenAI with at least $250 million in its new funding round
▼ + stars: | 2024-10-02 | by ( Melia Russell | Ben Bergman | ) www.businessinsider.com time to read: +2 min

Cathie Wood's Ark Venture Fund invested at least $250 million in this new round. OpenAI is now Ark Venture Fund's third-largest holding, accounting for about 5% of its total assets. AdvertisementCathie Wood's Ark Venture Fund has agreed to invest at least $250 million in OpenAI's latest funding round, three people familiar with the round said. OpenAI is now Ark Venture Fund's third-largest holding, accounting for about 5% of the fund's total assets, according to its website. On Wednesday, a retail investor shared a screenshot of what appears to be an email she received from Ark Venture Fund informing her of its new OpenAI investment.

Persons: OpenAI, —, Ark, Musk Organizations: Ark Venture Fund, Ark Venture, Service, Microsoft, Tiger Global, Nvidia, Khosla Ventures, United, United Arab Emirates Locations: Abu Dhabi, United Arab, xAI

Nonetheless, Trump told his advisers that he would claim victory before the ballots were fully counted, prosecutors say. One private political adviser, three days before Election Day 2020, described Trump’s plan as: “He’s going to declare victory. When Trump told the staffer he would not pay the private lawyer spearheading his legal challenges unless the challenges were successful, the staffer told Trump that the private attorney would never be paid. The person is described as White House deputy chief of staff. Therefore, even if some of Trump’s alleged wrongdoing occurred on White House grounds and in front of White House staff, he doesn’t have immunity because that fell under the “political” umbrella, Smith’s team wrote.

Persons: Donald Trump, Jack Smith, Smith, Trump, Kamala Harris, Tanya Chutkan, Chutkan, Joe Biden, “, Prosecutors, Biden, Brooks, Al Gore, George W, Bush, he’s, ”, “ Trump’s, ” Trump, ‘, Rudy Giuliani, Giuliani, wouldn’t, Mike Pence, Pence, Mike Pence didn’t, ’, Trump’s, doesn’t Organizations: CNN, Trump, ”, FBI, Prosecutors, Detroit Counting, Riot, Democratic, White, White House, Capitol, USA Locations: Washington ,, Philadelphia, Florida, Trump, Georgia

☆ India has emerged as one of the best global markets for the long haul. Here are the drivers—and how to play the rally
▼ + stars: | 2024-10-02 | by ( Pia Singh | In | ) www.cnbc.com time to read: +7 min

India's recent stock market surge has investors viewing the country as an emerging market poised for long-term outperformance. The India NSE Nifty 50 Index , the country's domestic stock market benchmark, has soared 18.7% this year, hitting record levels. "The data show that, historically, the Indian market has offered robust returns with reduced volatility." Going back to 2015, INDA has seen bigger annual gains and smaller declines than the broader emerging market fund. How to play the Indian market Financials are among investors' favorite spots in India's booming stock market.

Persons: It's, Malcolm Dorson, Dorson, GlobalX, Russell, —, EEM, INDA, Amr Abdel Khalek, Khalek, Jerome Powell, Venugopal Garre, Krishna Mohanraj, You've, Mohanraj Organizations: India NSE, Global, CNBC, U.S, Federal, Fed, Nasdaq, China, MRB Partners, Traders, Barclays, Diamond Hill Capital Management, HDFC Bank, ICICI Bank, Axis Bank, ICICI, HDFC, Whitehaven Coal, Prestige Estates Locations: India, China, Dorson, U.S, Whitehaven

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