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☆ Colin Allred is in a tight race with Ted Cruz. Here's how he's planning to become Texas' first Democratic senator in decades.
▼ + stars: | 2024-10-29 | by ( John L. Dorman | ) www.businessinsider.com time to read: +8 min

The marquee Senate race between Colin Allred and Ted Cruz could reveal a lot about Texas' identity. In total, Allred has raised more than $80 million for the Senate race, according to his campaign. AdvertisementThe electoral mapIn 2018, then-Rep. Beto O'Rourke traversed Texas during his Senate campaign and in the process visited all of the state's 254 counties. Business Insider has reached out to the Cruz campaign for comment. Advertisement"When you have a one-party rule state for so long, you can get an impression that there's no changing it," Allred told me.

Persons: Colin Allred, Ted Cruz, Cruz's, —, they've, hasn't, Colin Allred —, Sen, Allred, Cruz, Donald Trump, Kamala Harris, Chuck Schumer, Roe, Wade, Harris, Beyoncé, It's, Beto O'Rourke, O'Rourke, Brandon Bell, he's, Trump, Mark, Jones, Greg Abbott, John Cornyn Organizations: Lone Star State, Service, Congressional, New York Times, Marist College, Morning, University of Houston Hobby School of Public Affairs, Senate, PAC, Democratic, Republican, NFL, US, Times, Texas, —, El, Texans, Sun, Rice University, Texas Republicans, Business, Republicans Locations: Texas, Houston, Dallas, Siena, York, El Paso, Congress, Austin, San Antonio, Arizona, Georgia, Cancún, Mexico

☆ Nick Cannon says he was insecure Mariah Carey was the 'alpha' in their marriage. He's not the only man who's admitted to being jealous of a partner's success.
▼ + stars: | 2024-10-29 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +6 min

Nick Cannon recently opened up about feeling insecure during his six-year marriage to Mariah Carey. AdvertisementDuring their six-year marriage, Nick Cannon said he knew what people were thinking: "The kid from Nickelodeon is with Mariah Carey?" As a child star on Nickelodeon's "All That" and its spin-off "The Nick Cannon Show," Cannon was an avowed fan of Carey, who's 11 years his senior. Cannon praised Carey for being "understanding" and "evolved," even while he was struggling with his identity and career. Cannon is far from the only man who's admitted to being jealous of his wife's financial status.

Persons: Nick Cannon, Mariah Carey, Cannon, —, Ray Daniels, Carey, who's, Daniels, — she's, Singer, hasn't, She's, I'm, Mauricio Santana, Jenna Birch, outperforms, Kate Ratliff, they're Organizations: Service, Nickelodeon, VH1, Billboard, The New York Times, Def, Social Psychology, American Psychological Association, University of Florida Locations: Monroe, Sao Paulo, Brazil

☆ The economy seems to be firing on all cylinders — but a veteran JPMorgan strategy chief says one underappreciated risk could cause a serious global slowdown
▼ + stars: | 2024-10-29 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Corporate earnings growth, productivity growth, and business fixed investment all seem to be headed in the right direction as well. Related storiesThese signals have given David Kelly, JPMAM's chief global market strategist, great confidence. Such tariffs would cause "seismic shocks to the US economy," Tom Orlik, the chief economist at Bloomberg Economics, said earlier this month. Charles Schwab global investment strategy chief Jeffrey Kleintop cited tariffs as a top risk back in June. "But oddly enough, the global economy bounced back anyway.

Persons: David Kelly, —, JPMAM, Kelly, Donald Trump who's, Tom Orlik, Charles Schwab, Jeffrey Kleintop, I'd Organizations: JPMorgan Asset Management, Service, Asset Management, Federal Reserve, Bloomberg Economics, Peterson

☆ Hiring Is Broken. LinkedIn Thinks AI Can Fix It, and Help Your Career.
▼ + stars: | 2024-10-29 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +9 min

It was an AI recruiter. And LinkedIn wants to fix the disconnect, in part by fighting AI … with AI. AdvertisementEarlier this year, the company rolled out new AI tools to premium subscribers. ZipRecruiter also rolled out revamped AI tools to help job seekers find better matches this summer. AdvertisementCanseco has not yet tried LinkedIn's AI tools because she isn't a premium user, but she could get access to them soon.

Persons: Paloma Canseco, She's, Robin, Canseco, Robin wasn't, I'm, Rohan Rajiv, Rajiv, Monster, résumés, Hayley Finegan, Finegan, who's, Josh Bersin, they're, Julia Pollak, ZipRecruiter's, ZipRecruiter, Millie Black, she's, Black Organizations: LinkedIn, US Bureau of Labor Statistics, Human Resource Management

☆ Steve Schwarzman says Trump would be an 'efficient and effective' president this time — and Ken Griffin thinks he'll win
▼ + stars: | 2024-10-29 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Blackstone CEO Steve Schwarzman said he thinks Trump would make a better president the second time around. He's uncertain about the election result, though Citadel's Ken Griffin said he expects Trump to win. AdvertisementSteve Schwarzman said he thinks Donald Trump would be more "efficient and effective" if he wins next week's election. Citadel founder and CEO Ken Griffin, who was also on the panel, was more assured of the election's outcome. Citadel founder Ken Griffin expects Donald Trump to win the 2024 election.

Persons: Steve Schwarzman, Trump, Ken Griffin, —, Donald Trump, Schwarzman, Mike Blake, Griffin, Alan Murray Organizations: Saudi Arabia's Future Investment, Service, Blackstone, Future Investment Initiative, Saudi, Republican, Bloomberg, Citadel, White Locations: Davos

Sen. JD Vance said Monday that while he hadn't heard the racist jokes made by a comedian at his running mate's New York City rally the previous night, he thinks Americans need to "stop getting so offended." Republican vice presidential nominee JD Vance said he hadn't the remarks by comedian Tony Hinchcliffe at the MSG rally. Brandon Bell / Getty ImagesHarris said Monday that Trump’s rally was “focused and fixated on the grievances on himself and on dividing the country.” She has not said that Trump voters are Nazis. “This joke does not reflect the views of President Trump or the campaign,” senior adviser Danielle Alvarez said. Let’s have a sense of humor and let’s have a little fun and let’s go win in eight days,” Vance said.

Persons: Sen, JD Vance, hadn't, Vance, Tony Hinchcliffe, Donald Trump's, I’ve, Kamala Harris ’, Donald Trump’s, Brandon Bell, Harris, “, Hinchcliffe, ”, Trump, Danielle Alvarez, I’m, he'd, who'd, George Lopez, we’re, let’s, ” Vance, Marco Rubio, Rubio, Marc Anthony, Hurricane Maria, Anthony Organizations: York City, NBC, Madison, Republican, MSG, Trump, Black Locations: York, Puerto Rico, Puerto Rican, Pennsylvania, U.S

☆ Just the Facts – Health and Healthcare: Steve Ballmer Talks Through the Numbers
▼ + stars: | 2024-10-28 | by ( Sponsor Post | ) www.businessinsider.com time to read: +11 min

Find out the impact of the US healthcare system and the health of Americans to our costs and lifespans. In this episode of "Just the Facts," Health and Healthcare. In 2022, 3.28 million Americans died, about 1% of our total population; nearly 3.67 million people were born. As of 2023, 6.7 million Americans over age 65 had been diagnosed with it. Of the $4 1/2 trillion dollars in health spending, 3.7 trillion was spent on personal healthcare, while 760 billion was spent on things like public health, health research, healthcare facilities, medical equipment, and the cost of running health insurance programs.

Persons: Steve Ballmer, USAFacts, COVID Organizations: Insider, LA Clippers, Healthcare, FBI, Medicare, Affordable, Health Locations: America, COVID, Alzheimer's, United States

☆ The end of American careerism
▼ + stars: | 2024-10-28 | by ( Aki Ito | ) www.businessinsider.com time to read: +13 min

AdvertisementClimbing the corporate ladder was once the cornerstone of the American dream. Maybe that's why earlier this year, a young New Yorker struck a chord on TikTok when he vowed to "descend the corporate ladder." Eventually, he got promoted into a corporate office role, and that opened up even more opportunities for advancement. "That was a betrayal from a company I had been incredibly dedicated to," Zack told me. Besides, the dream of climbing the corporate ladder was probably never as great as it seemed to be.

Persons: Zack, I'm, I've, Randstad, James Yates, Dell, careerism, Benjamin Franklin —, Shoshana Zuboff, James, he's, who's, Gen, Xers, Gen Zers, Michel Anteby, Aki Ito Organizations: New Yorker, Industrial, . Companies, Harvard Business School, BI, Professionals, Gallup, Boston University, Business Locations: United States, Italy, Spain, New Zealand, New, America

☆ Google reportedly paid $2.7 billion for a deal with Character.AI. Now, it's entangled in a lawsuit over a teen's suicide.
▼ + stars: | 2024-10-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

A mother is suing Character.AI after her son died by suicide moments after talking to its chatbot. Character AI's founders were re-hired by Google as part of a deal reportedly worth $2.7 billion. Garcia blames the chatbot for her son's death and, in the lawsuit against Character.AI, alleged negligence, wrongful death, and deceptive trade practices. AdvertisementAjder also said Character.AI had faced some public criticism over its chatbot before Google closed the deal. A Google spokesperson told Reuters the company was not involved in developing Character.AI's products.

Persons: Character.AI, —, Sewell Setzer, Megan Garcia, Garcia, Setzer, Jain, Megan Garcia's, Character.AI Character.AI, Noam Shazeer, Daniel De Freitas, Shazeer, De Freitas, Henry Ajder, wasn't, Ajder, it's Organizations: Google, Service, Business, BI, Tech, Law Project, Trust, Safety, Prevention, Street Journal, Reuters Locations: Character.AI

☆ A traveler who's been to 35 national parks shares her top 5 for fall leaf-peeping
▼ + stars: | 2024-10-28 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +2 min

Alexandra Blodgett has been to 35 national parks in the US. She prefers parks with stunning views and epic hikes but also loves leaf-peeping in the fall. She thinks North Cascades National Park in Washington is an underrated fall foliage site. Visiting national parks to see the season's colors, or "leaf peep," is a popular pastime and gives a major boost to some states' economies. Here are her five favorite national parks to visit in fall.

Persons: Alexandra Blodgett, —, We're, She's, Blodgett Organizations: Service, Appalachian State University Locations: Washington

☆ Charlie from 'Woman of the Hour' has an eerily similar story to one of serial killer Rodney Alcala's real-life victims
▼ + stars: | 2024-10-28 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

"Woman of the Hour" is based on the true story of serial killer Rodney Alcala's appearance on a game show. Advertisement"Woman of the Hour" tells the story of real-life serial killer Rodney Alcala's appearance on "The Dating Game" in 1978, in the middle of a murder spree. "Woman of the Hour" diverges from the real events at times, but the character of Charlie (Kathryn Gallagher) has a tragic story that's eerily similar to one of Alcala's victims. Related storiesStewardess Charlie meets Rodney while moving into her new apartment in 1971Kathryn Gallagher as Charlie in "Woman of the Hour." Charlie is most similar to Cornelia Crilley, one of Alcala's victims in the '70sKathryn Gallagher as Charlie in "Woman of the Hour."

Persons: Rodney, Cornelia Crilley, Acala, —, Anna Kendrick, Sheryl, Daniel Zovatto, Ryan Murphy's, Lyle, Erik Menendez, Bobby, Charlie, Kathryn Gallagher, who's, he's, Alcala, John Berger, Crilley, Crilley's, Ellen Organizations: TWA, Service, ABC, Netflix, York University, NYU, Airlines Locations: New York City, New Hampshire, Queens, Crilley, California

☆ Michigan's election fate will depend on laborers. A Democrat and Republican outline what those workers are looking for.
▼ + stars: | 2024-10-27 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

Mark Forton, the GOP chair in Macomb County and former United Auto Workers union member, is out door-knocking for Trump. Both told Business Insider they are especially targeting union workers whose votes have proved decisive in the last few elections. "I think we're going to do very, very well in Macomb County," Forton said. "Macomb County carried the state in 2016," he said, adding of 2024, "we have to do it again." "Those labor union members talking to one another and talking about what's at stake is often what has made the difference in election after election after election," Gilchrist said.

Persons: Garlin Gilchrist, Harris, Mark Forton, —, Donald Trump, Governor Garlin Gilchrist, Walz, Gilchrist, Adam J, Forton, he's, Macomb, — he's, who's, That's, Trump, Ronald Reagan, Gretchen Whitmer, Biden, There's, persuasions who've, It's, Kamala Harris, that's Organizations: Michigan, Gov, Trump, Democratic, Service, Biden, GOP, United Auto Workers, Dewey, Anadolu, Getty, Detroit News, UAW, Workers, Teamsters, Washington Post, Marketing Research, Michigan Teamsters, Labor, wouldn't, Democrat, Republican Locations: Macomb County, Michigan, Macomb, Flint

☆ I hit my protein target without tracking food using my simple '4/5' rule. It has helped me maintain my 35-pound weight loss for 6 years and build muscle.
▼ + stars: | 2024-10-27 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +4 min

BI fitness reporter Rachel Hosie uses her "4/5" rule to eat enough protein without tracking food. Some days my protein intake will be higher, some days lower, but it evens out. Related storiesAs someone who's always been interested in nutrition and has tracked my protein intake in the past, I know what foods are a good source of protein. AdvertisementFlexibility means sustainabilityLudlam-Raine said that eating protein throughout the day helps with satiety, muscle maintenance, and overall health. It's important to be adaptable and not to stress about protein intake fluctuating, Ludlam-Raine said.

Persons: Rachel Hosie, —, Ludlam, Raine, I've, It's, who's, Mike Molloy Organizations: Service, Research, Elite

☆ Andrew Webber's forever war
▼ + stars: | 2024-10-27 | by ( Sam Fellman | Ryan Pickrell | ) www.businessinsider.com time to read: +38 min

Like others in Chosen Company, Webber had been drawn to Ukraine for reasons he couldn't quite explain. AdvertisementNow, as Webber and his fellow members of Chosen Company got acquainted in the bar, uncertainty hung over the gathering. One showed an assault team clearing a World War I-style bunker, using live rounds. AdvertisementCats are everywhere on the front lines in Ukraine; Webber rescued one from a building under fire. "It seemed like he had stuff he was working on," says O'Leary, the CO of Chosen Company.

Persons: Andrew Webber, Webber chatted, he'd, Webber, Vera, Gwen, DeeDee, He'd, Jovelle Tamayo, she'd, I'm, hadn't, Rhodesian Bush, Dee Dee, David Roller, Sweeney, Tom Mader, Mader, vomited, patting, Andrew, Matthew James When Webber, wasn't, Karla Stephens, Karla, He's, Dubs, would've, Ryan O'Leary, Thomas Waszak, Elizabeth Gil, Fenwick, —, Sayed Zuhoor, Hilarie Atkisson, who's, Joe, O'Leary, Webber wasn't, marveled, Tango, Pervomaiske, Chosen, Wayne Hallatt, Hallatt, Thomas Waszak Wearing, wouldn't, Delta, Lance Lawrence, Lawrence, CeeBee, it's, Webber couldn't, we're, Waszak, Nichole, he's, Sam Fellman, Ryan Pickrell Organizations: White Sox, Chosen Company, Army, Company, corgi, Chosen, French Foreign, Rhodesian, Ranger School, intel, Operating, Taliban, Motorized Infantry Brigade, LinkedIn, Northwestern, Fenwick & West, Big Law, United, Fenwick, Ranger, Volunteers, Delta, AK, 173rd Airborne Brigade, Webber, Business Locations: Ukrainian, Dnipro, Iraq, Afghanistan, Ukraine, America, Seattle, Bakhmut, Washington, West Point, West, Georgia, Afghanistan's, Taliban, Kandahar, Fort Benning, Russian, Donetsk, Pervomaiske, Kabul, United States, Afghan, Russia, German, Delta, Kyiv

☆ We moved from California to Idaho with small-town retirement dreams but moved back after 4 years.
▼ + stars: | 2024-10-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

Jodi Wright, 56, moved from California to Idaho in 2020 in search of a quiet place to retire. But the family moved back to California earlier this year because of rising prices. AdvertisementWe moved to Idaho in December 2020We listed our house in California, and it sold in one day. Jodi Wright and her family moved to Caldwell, Idaho, a small town about 30 minutes outside of Boise. One of the major differences we noticed between California and Idaho is how clean Idaho is.

Persons: Jodi Wright, Wright, —, We've, COVID, it's, I'm, we're, We're Organizations: Service, Republican, Getty Locations: California, Idaho, Boise, Sacramento , California, Caldwell , Idaho, Redfin, Washington State, Caldwell, Oregon, Dixon , California

☆ AOC and progressive allies want the federal government to build over a million homes. Even YIMBYs don't think it's a good idea.
▼ + stars: | 2024-10-27 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

AOC is behind a new bill to create a federal social housing developer. Unlike traditional American public housing, which is usually reserved for low-income families, social housing is intended to be mixed-income. But some pro-housing policy experts — who subscribe to the YIMBY, or Yes in My Backyard, movement — are skeptical that a federal social housing authority makes sense. Related storiesGallagher, a Democrat who represents gentrifying neighborhoods in North Brooklyn, was struck by the stability created by social housing in Vienna. Congress would likely not support a federal social housing authority until there is evidence of its success at the state level.

Persons: —, Kamala Harris, Alexandria Ocasio, Cortez, Sen, Tina Smith, Minnesota —, Emily Gallagher, Gallagher, Hillary Schieve, Jenny Schuetz, Shane Phillips, Schuetz, Tricky Organizations: Democratic, Service, — Rep, New, Democrat, Yorkers, Brookings Institution, Lewis Center for Regional Policy, Homes, US Department of Housing, Urban Locations: Washington, Alexandria, Minnesota, Austria, New York, North Brooklyn, Vienna, Rhode, Atlanta, California, Montgomery County , Maryland, Reno , Nevada

☆ Rucking meetings, the hot new business trend, combine networking with a popular fat-burning workout
▼ + stars: | 2024-10-26 | by ( ) www.businessinsider.com time to read: +7 min

Welcome to the era of the rucking meeting. "When you have those endorphins kicking, how can it go wrong when you're doing that type of exercise together?" "The beauty of the ruck is that there's no egregious feeling of 'You're doing less than me or I'm doing more than you.' Still, a bit of a challenge is part of what sets the ruck meeting apart. Getting your heart rate up prompts you to save your breath, cutting through the fluff: there's no such thing as a ruck meeting that could have been an email.

Persons: —, Rucking, Jeff Byers, Lee Heisman, Heisman, Casey Strunk, Michael Easter, Strunk, Ruck, We've, we're, Casey Strunk Rucking, rucking, It's Organizations: Service, NFL, Heisman, Founders, Strunk Insurance Locations: Atlanta, Phoenix

☆ Boeing's new CEO is taking on the ultimate management test
▼ + stars: | 2024-10-26 | by ( Tim Paradis | Taylor Rains | ) www.businessinsider.com time to read: +8 min

Boeing's still-new CEO, Kelly Ortberg, faces urgent challenges, including a worker strike. Ortberg is focusing on communication, trust, and future innovation at Boeing to get the company on the right path. Ortberg, in a letter released to employees along with the company's third-quarter results, said Boeing's customers want — and need — the company to succeed. "With the right focus and culture, we can be an iconic company and aerospace leader once again," he wrote. "When you feel that the CEO is with you, and the CEO is feeling your pain, it makes it more tolerable and provides hope for the future," Franklin said.

Persons: Boeing's, Kelly Ortberg, Ortberg, —, we've, Bill George, George, he's, Rosalind Franklin, Boyden, Franklin, Jeffrey Sonnenfeld, who's, Mary Barra, Alan Mulally, Sonnenfeld, haven't, Richard Aboulafia, they're, Aboulafia Organizations: Boeing, Service, Harvard Business School, Yale School of Management, Yale's, Leadership, General Motors, Ford, GM Locations: Seattle

☆ The 'We Live in Time' director on why the movie made financiers nervous, and how that devastating ending changed
▼ + stars: | 2024-10-26 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +9 min

Andrew Garfield and Florence Pugh star as a couple dealing with a cancer diagnosis in "We Live in Time." Advertisement"We Live in Time," the new film starring Florence Pugh and Andrew Garfield as a couple dealing with a cancer diagnosis, defies easy categorization. The movie, which is structured as a nonlinear narrative, follows the relationship between Tobias (Garfield), a Weetabix salesman, and Almut (Pugh), a former figure skater turned Michelin chef, over the course of a decade. The actors — and director — went through the emotional wringerGarfield plays Tobias in "We Live in Time." The ending of 'We Live in Time' was originally differentPugh and Garfield in "We Live in Time."

Persons: Andrew Garfield, Florence Pugh, John Crowley, Crowley, —, Tobias, Garfield, Pugh, it's, It's, who's, Oscar, Saoirse Ronan, Peter, Almut, Ella, who'd, she's, I'm, we're Organizations: Service, London, BI Locations: Brooklyn, Tobias

☆ I'm a horror fan who's seen the first 9 'Saw' movies. Here are the 3 you must watch and 6 you should skip.
▼ + stars: | 2024-10-25 | by ( Amory Rose | ) www.businessinsider.com time to read: +1 min

Watch: "Saw" (2004) lives up to its horror fame, especially for viewers who don't know the major twists. The Jigsaw Killer puts his victims through deadly games. Lionsgate FilmsThe first "Saw" movie became an instant classic in the horror genre. Its biggest draw is the mystery of who the Jigsaw Killer (Tobin Bell) is, plus it has two major plot twists that feel genuinely impossible to predict. The film also had interesting hints to look out for, unlike later "Saw" movies that complicated information.

Persons: Tobin Bell, — Cary Elwes, Danny Glover, Bell —, Amanda Young's, Shawnee Smith, Lawrence Gordon's, Elwes, Billy Organizations: Lionsgate Films Locations: Shawnee

☆ What's in a title? How hedge funds and their employees use the industry's lack of consistency to their advantage
▼ + stars: | 2024-10-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +9 min

The lack of uniformity allows both firms and employees to present themselves in the best light. This lack of uniformity and the relentless war for talent has firms and employees alike taking advantage of the ambiguity. Rokos has two dozen employees with the title "investment officer" in their LinkedIn profiles. At Coatue, executives sign off on what employees put as their title on LinkedIn, people familiar with the firm's operations said. Members of Tiger Global's front-office team use "investor" as their title on LinkedIn instead of a more specific role.

Persons: —, David Einhorn's, James Fishback, Morgan Stanley, Goldman Sachs, Ken Griffin, Gerald Beeson, Sjoerd, Google's Paul Darrah, Jose Gamez, Rokos, Chris Rokos, Paul Enright, Townie Wells, Enright, Jain, Tiger, Marshall Wace, D.E, Shaw, allocators, Elliott, Don Steinbrugge, Steinbrugge Organizations: Service, Goldman, Bloomberg, Business, Industry, Citadel, Citadel Securities, Jain, Townie, Viking Global, Sigma, Fund, Talent, Agecroft Partners Locations: Greenlight, Miami, Palm Beach, London, Wells, Coatue

☆ Here are Mizuho's top underappreciated AI beneficiaries
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere are Mizuho's top underappreciated AI beneficiariesSiti Panigrahi, Mizuho managing director, joins 'The Exchange' to discuss where there's growth potential in the software space, names in the software space absent from Panigrahi's buy list, and much more.

Persons: Siti Panigrahi, Mizuho

☆ Inside Wall Street's efforts to value OpenAI: Who's involved, how it could work, and what's at stake for the banks
▼ + stars: | 2024-10-25 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Here's how the process could work and what Wall Street bankers stand to gain. AdvertisementAs third-quarter earnings demonstrated, Wall Street dealmaking appears to be bouncing back after three years of lackluster activity. Spokespersons for both Goldman Sachs and Morgan Stanley declined to comment or confirm their reported participation in the project. The two investment bankers – neither of whom are affiliated with Goldman, Morgan Stanley, OpenAI, or Microsoft — requested anonymity to preserve industry relationships. Largely speaking, however, Wall Street is poised to win, Roberts said.

Persons: Goldman Sachs, Morgan Stanley, —, OpenAI, –, Morgan Stanley's, PwC, Michael Roberts, Morgan, Roberts, Wharton, dealmaker, Sam Altman, Altman, Elon Musk, Reed Alexander Organizations: Service, Wall Street Journal, Microsoft, The, BI, Wharton School, University of Pennsylvania, Goldman, Wall Street, Wharton, dealmakers, Apple, Tesla Locations: San Francisco, Silicon Valley

☆ The economy is a priority for Americans as they head to the polls. Here's what's really going on behind the numbers.
▼ + stars: | 2024-10-24 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

But there are some weak points — like a growing federal debt load. There are a few less-rosy data points out there, like rising long-term unemployment and a historically high level of federal debt. Federal debt is high compared to GDP, even looking beyond the spike of the debt as a share of GDP during the pandemic. While federal debt as a share of GDP was slightly above 100% before the pandemic, recent figures are much higher than in the past. Federal debt was 120% of GDP in the second quarter of this year.

Persons: —, Kamala Harris, Donald Trump, Mark Hamrick, Kurt Reiman, Reiman, They're, aren't, Hamrick, There's, Biden Organizations: Service, The New York Times, Siena College, Pew Research, Associated Press, NORC, for Public Affairs Research, University of Michigan's, Consumers, UBS Global Wealth Management, Federal Reserve, MarketWatch Locations: America, Wells Fargo

☆ Why Walmart stock keeps hitting new highs, making the Waltons richer than ever
▼ + stars: | 2024-10-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Walmart stock has soared 58% this year to record highs, making its founding family richer than ever. Retail legend Sam Walton's three surviving children are each worth more than $100 billion. Walmart and the Waltons have benefited from a signature strategy and cost pressures on consumers. The stock surge has added more than $32 billion to the fortunes of each of founder Sam Walton's three surviving children — Jim, Rob, and Alice. But it's true the vast majority of the family fortune remains in the hands of Sam Walton's children.

Persons: Sam Walton's, —, they're, Jim, Rob, Alice, Elon Musk, David King, who've, King, Art Weinstein, Florida who's, Weinstein, Sam Walton shrewdly, . King, Jeff Bezos, Mark Zuckerberg, Sam Walton, John T, Lukas Walton, it's Organizations: Walmart, Waltons, Service, Bloomberg, Elon, Sam's, Management, Florida State University, Logistics, Procter, Nova Southeastern University, Tech, Tesla, SpaceX, Amazon Locations: Florida

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