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☆ An incoming 'M&A supercycle' wouldn't just be a win for dealmakers
▼ + stars: | 2024-10-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, Goldman Sachs' earnings result might be a sign of the long-awaited return of M&A . The big storyM&A for allWin McNamee/Getty ImagesDon't look now, but M&A might finally be coming back. Goldman Sachs, Wall Street's perennial M&A king, smashed analysts' third-quarter expectations , notching $3 billion in profits. One analyst took things a step further, floating the idea of an "M&A supercycle" once the money that's been sitting on the sidelines finally gets put to work.

Persons: —, Goldman Sachs, Win McNamee, Insider's Reed Alexander, David Solomon, that's, Jenny Chang, Rodriguez, Mariana Bazo, Tyler Le, TSMC, Biden, Donald Trump, Elon Musk, TK, Alex Brandon Elon Musk, Kamala Harris, Alain Tascan, Jeet Shroff, Shroff, Morgan Stanley, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, LaGuardia Airport, Getty, BI, Monetary Fund, Chartered, Apple, Bloomberg, Google, Trump, PAC, America PAC, AP, Trump PAC, Epic, Discover Financial Services Locations: Midtown Manhattan, China, lockstep, New York, London

“These are children, they are not carrying weapons,” she told CNN. But doctors were unable to remove the tumor entirely, his mother told CNN last week. “My father believed in thinking big and solving the difficult issue… He was very much for the two-state solution,” Lifschitz told CNN. “He is a child who has nothing to do with what is happening,” the distraught mother told CNN last month. Three of the six had been expected to be released as part of an eventual ceasefire agreement, Israeli officials told CNN.

Persons: Tamara Al, Lifschitz, Nir Oz, Tamara, Israel, –, Khan Younis, Maarouf, ”, Jihad, Sharone, Yocheved Lifschitz, “ Shalom, Oded Lifschitz, “, ” Lifschitz, Yocheved, Yocheved Lifshitz, Alexi J . Rosenfeld, Oded, ” “, ” Sharone, Benjamin Netanyahu, Netanyahu, Mahmud Hams, Joe Biden, Biden, ’ Organizations: CNN, World Health Organization, UN, UNICEF, Nasser Hospital, Getty, Al, West Bank, Ichilov, Israeli, Israel Defense Forces, IDF Locations: Gaza, Rafah, Khan, AFP, London, East Jerusalem, Tel Aviv, Israel, United States, Qatar, Egypt, Aqsa, Deir Al

☆ Netflix's new gaming chief shakes up the division with a hire from Epic and layoffs
▼ + stars: | 2024-10-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Netflix's new games president, Alain Tascan, appointed Jeet Shroff as VP of games tech. Shroff, like Tascan, came from Epic Games, where he was VP of games development. Netflix's games division conducted layoffs last week. And only a tiny percent of Netflix's subscribers had played its games as of 2023, per data from analytics firm Apptopia. He added that while games' impact on the business is small, it's also a small part of Netflix's content investment overall.

Persons: Alain Tascan, Jeet Shroff, Shroff, —, he's, Tascan, Mike Verdu, Greg Peters, Peters, it's, Netflix hasn't Organizations: Epic, Netflix, Service, Epic Games

☆ BMW CEO: A 2035 gasoline ban will hit the European car industry 'in its heart' and make it reliant on Chinese batteries
▼ + stars: | 2024-10-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

BMW CEO Oliver Zipse says a 2035 gasoline ban will hit the European auto industry. Zipse's warnings come amid fears in the auto industry of a Darwinistic price war with China. AdvertisementA "correction" of the planned 2035 gasoline vehicle ban, Zipse said, would help reduce European OEMs' reliance on China for batteries. This, Tavares said, is because automakers will have to continue to invest in both electric and gasoline vehicles, thus incurring higher costs. Mercedes-Benz CEO Ola Källenius told attendees at the Berlin Global Dialogue conference on October 2 that the Western auto industry is fighting a "Darwinistic-like price war" with their Chinese rivals.

Persons: Oliver Zipse, —, Zipse, weren't, Carlos Tavares, helms, Tavares, Ola Källenius, Källenius Organizations: BMW, Service, Union, Paris Automotive Summit, EU, Zipse, BMW didn't, Business Insider, Western, Chrysler, Fiat, Maserati, Peugeot, Financial Times, European Automobile Manufacturers ' Association, Benz, Berlin Global Locations: China, Europe

☆ I'm a boomer who was evicted from my apartment of 25 years. I was angry and embarrassed, but I have no choice but to keep renting.
▼ + stars: | 2024-10-16 | by ( Jen Glantz | ) www.businessinsider.com time to read: +6 min

Trina Kaye was evicted from her Los Angeles apartment in 2019 after 25 years. Her apartment was renovated and re-rented at a higher price after her eviction. AdvertisementThis as-told-to essay is based on a conversation with Trina Kaye, a 68-year-old who was evicted from her Los Angeles apartment in 2019. I lived in the same Los Angeles apartment for 25 years, and I loved it. They renovated my apartment and raised the rentI heard from my neighbors in the building that they renovated my unit when I moved out.

Persons: Trina Kaye, California's, —, It's, would've, I've, Robertson, they've Organizations: Service Locations: Los Angeles, Angeles, Fernando Valley, Mar Vista, California, It's, Pico

☆ She felt trapped in her corporate job in NYC, so she quit and moved to South Korea. Now, she lives alone in a $640-a-month loft.
▼ + stars: | 2024-10-16 | by ( Amanda Goh | ) www.businessinsider.com time to read: +7 min

Chen Teng left her corporate job in New York to move to South Korea in 2016. Now, she lives in a cozy loft and pays 870,000 Korean won, or $640, for rent each month. AdvertisementFeeling trapped at her digital marketing job in corporate America, Chen Teng made a spur-of-the-moment decision to quit and move to a different country. Related storiesHer budget was 10 million Korean won for her deposit, and then under 900,000 won a month for rent. Her rent is 870,000 Korean won, or $640, each month, and Teng paid a deposit of 10 million Korean won for the apartment.

Persons: Chen Teng, —, Teng, weren't, There's, I'm, nothing's, I've Organizations: Service, Yorker, Seoul — Locations: New York, South Korea, Seoul, America, Asia, Korea, Mok, Korean, Brooklyn, Manhattan —, Zillow, New York City

☆ My husband and I are full-time housesitters for people around the world. We don't have a permanent home and have no housing costs.
▼ + stars: | 2024-10-16 | by ( Amy Hornsby | ) www.businessinsider.com time to read: +5 min

Since our housing costs are basically zero, we love this lifestyle and have no plans to stop. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHousesitting also lets us travel while working remotely, allowing us to find a home on the road and save money on housing. I got an in-office job, rented a house, and started looking at visa options for my husband to stay. Many people don't understand how we live and were perplexed when we gave up a more stable choice for life on the road.

Persons: —, I've, Housesitting, It's, We've, COVID Organizations: Service, Facebook, Sheffield Locations: South Korea, Poland, England, France, Swiss

Amazon also announced a Kindle Scribe redesign, plus new generation models of the Kindle Paperwhite and base Kindle. Amazon Kindle Colorsoft Signature Edition The Kindle Colorsoft is Amazon's first color e-reader. Check price at AmazonAmazon Kindle Paperwhite (2024) Amazon's latest Kindle Paperwhite offers even faster performance than its predecessors in the same thin, waterproof form readers love. AdvertisementKindle Paperwhite (12th Generation)The new Kindle Paperwhite offers higher contrast than ever. AmazonAmazon’s fastest and most popular Kindle is about to get even faster with the 2024 Kindle Paperwhite.

Persons: It's, Scribe, It’s Organizations: Business, Kindle, Amazon hasn’t, Scribe Locations: Kindles

☆ Tostitos and Ruffles shrank their bags of chips. It backfired
▼ + stars: | 2024-10-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

The owner of Lay’s, Doritos, Tostitos and Ruffles chips will put more chips in some bags to claw back customers tired of higher prices with skimpier bags. A PepsiCo spokesperson told CNN that Tostitos and Ruffles “bonus” bags will contain 20% more chips for the same price as standard bags in select locations. PepsiCo is also adding two additional small chip bags to its variety-pack option with 18 bags, the spokesperson said. It’s a reversal of years of shrinking bags of Tostitos, Ruffles and other chip brands. Snack prices have gone up more rapidly than other store items.

Persons: “, Ramon Laguarta, Edgar Dworsky, Dworsky, ” Dworsky, PepsiCo’s, Chip, Robert Moskow, Cowen, Moskow, Joe Biden, General Mills, shrinkflation, Domino’s, Sandeep Reddy Organizations: New, New York CNN, PepsiCo, CNN, Walmart, Costco, Bank of America, Bureau of Labor Statistics, Consumers, General, ” Locations: New York, United States, outpacing, Mondelez

☆ We traded our condo in a walkable city for a big house in the suburbs after we retired. It's been great for us and our grandkids.
▼ + stars: | 2024-10-16 | by ( Jackie Fishman | ) www.businessinsider.com time to read: +4 min

My husband and I loved living in a two-bedroom, two-bathroom condo near Washington, DC. But the convenience of condo life came with some challenges, especially once we retired and became grandparents. It also became an art studio once my husband retired and leaned into his oil-painting hobby. It has a huge kitchen that flows into a dining area and living room — a perfect space for large gatherings. During the first holiday dinner at our new house, the kids went down to the basement to play by themselves while the adults stayed upstairs and relaxed in our huge living space.

Persons: —, downsize, I'd, Richard T Organizations: Service, Mount Locations: Washington , DC, Maryland, North Arlington , Virginia, Washington, Arlington, Montgomery County , Maryland, Mount Vernon Trail, Georgetown

☆ Jane Street, the trading firm where SBF started his career, offers interns a salary equivalent to as much as $250,000 a year
▼ + stars: | 2024-10-16 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Jane Street is one of Wall Street's most lucrative trading firms. Some internships at the firm offer a base salary equivalent to $250,000 annually. AdvertisementLucrative trading firm Jane Street is one of Wall Street's leading market-makers. In a sign of its success, Jane Street currently has 58 job vacancies in its New York office. AdvertisementA quantitative researcher internship, which runs from May to August, offers a base salary of $250,000 annually.

Persons: Jane, —, Jane Street, Jane Street's, Sam Bankman, Caroline Ellison, Fried, Donald Trump's, Glassdoor, Goldman Sach, JP Morgan Organizations: Service, Bloomberg, Financial Times, World Trade Center, Alameda Research, Jane, JPMorgan, Barclays, FT Locations: New York, Hudson, Alameda

☆ We're raising our Morgan Stanley price target after a post-earnings stock surge to record highs
▼ + stars: | 2024-10-16 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Morgan Stanley shares soared to all-time highs Wednesday after third-quarter beats on the bank's top and bottom lines, with strength seen across the board. MS YTD mountain Morgan Stanley YTD Club stock Morgan Stanley was up 7.5%. Morgan Stanley outpaced expectations in just about every aspect of each operating division and put up very strong quarterly results in terms of firmwide key performance indicators. Given its 15.1% CET1 ratio, Morgan Stanley has plenty of excess capital at its disposal to both continue investing in growth and return excess capital to shareholders. Morgan Stanley Why we own it : We own Morgan Stanley for the rebound taking place in IPO and M & A activity along with growth in wealth management, which provides more durable fee-based revenues.

Persons: Morgan Stanley, Wells Fargo, Morgan Stanley's, Sharon Yeshaya, Morgan Stanley repurchased, Goldman Sachs, Ted Pick, Morgan, Yeshaya, That's, Eaton Vance, Jim Cramer's, Jim Cramer, Jim, Bing Guan Organizations: Revenue, LSEG, Morgan Stanley YTD, Investment, Bloomberg, Institutional Securities, Bank of Japan, CNBC, Getty Locations: Wells Fargo

☆ I failed Meta's technical interview. Here's what it was like and what I wish I'd done differently.
▼ + stars: | 2024-10-16 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +9 min

He prepared with practice questions and mock interviews but wished he had studied differently. AdvertisementThis as-told-to essay is based on a conversation with William Orgertrice, a 29-year-old data engineer in Atlanta, about his Meta interview. If I were to go through the Meta interview process again, I would've done several things differently to perform better. The portal's practice questions were useful but significantly easier than the actual interview questions. If you've gone through the interview process for a Big Tech or FAANG company and would like to share your story, email Tess Martinelli at tmartinelli@businessinsider.com.

Persons: William Orgertrice, he'd, —, It's, they'd, I, I'd, I've, would've, they're, I'm, could've, you've, Tess Martinelli Organizations: Meta, Service, Menlo, LinkedIn, of Color, Big Tech Locations: Atlanta, tmartinelli

☆ Breanna Stewart: Police investigate ‘homophobic death threats’ sent to WNBA star’s wife
▼ + stars: | 2024-10-16 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —The New York Police Department (NYPD) is investigating “homophobic death threats” sent to New York Liberty star Breanna Stewart’s wife, Marta Xargay, via email after Game 1 of this year’s WNBA Finals. Stewart told ESPN’s NBA Today on Tuesday that the message was sent to Xargay, a former WNBA player, and that she and her wife had made the Liberty and league aware of the situation. “Sometimes, people are taking things a little bit too far and too out of context and Marta had gotten homophobic death threats,” Stewart told NBA Today’s Malika Andrews. Marta Xargay and Breanna Stewart attend "A Celebration of Olympic Basketball" presented by NBC Universal and NBA at Team USA House on August 5 in Paris, France. “My girlfriend has been getting death threats, followed, called all type of sh*t,” Smith posted to X, formerly known as Twitter.

Persons: ”, Breanna, Marta Xargay, Stewart, ” Stewart, Marta, NBA Today’s Malika Andrews, “, Breanna Stewart, Julien M, Alyssa Thomas, I’ve, “ I’ve, ” Thomas, DiJonai Carrington, Caitlin Clark, Clark, Carrington, NaLyssa Smith, ” Smith, Thomas Organizations: CNN, The New York Police Department, New York Liberty, ESPN’s, WNBA, Liberty, NYPD, York, Minnesota Lynx, NBA, NBC Universal, Team USA House, WNBA . Connecticut Sun, Indiana Fever, Twitter Locations: Paris, France, Indiana

☆ The US freight recession is showing early signs of recovery
▼ + stars: | 2024-10-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

JB Hunt beat earnings estimates for the first time in two years. AdvertisementTrucking company JB Hunt earned the approval of stock investors on Wednesday after a stronger-than-expected earnings report showed demand is coming back. AdvertisementThese struggles have translated into weak market performance for JB Hunt and other freight carriers. AdvertisementGoing beyond JB Hunt, there has been other data suggesting better prospects ahead. DAT Freight & Analytics' trucking volume index rose year-over-year for all three different categories of freight equipment for the 12 months ended in September.

Persons: JB Hunt, —, It's, Shelley Simpson, Nicholas Hobbs, Ken Adamo Organizations: Service, JB, DAT, Analytics

☆ This regional bank beating the market proves 'boring works,' says Bank of America
▼ + stars: | 2024-10-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

A number of catalysts are set to drive shares of PNC Financial higher, according to Bank of America. The Pittsburgh-based regional bank was reiterated as a buy and its price target raised to $211 from $204, implying more than 9% upside from Tuesday's close, the Wall Street investment bank said. Stepped up "new loan commitments provide some optimism around the potential for a pickup in loan growth heading into 2025," the 11-page report said. Of 24 analysts covering the stock, 15 have a strong buy or buy rating, while seven are neutral. On Tuesday, PNC rose about 2% thanks to the regional bank's quarterly results topping Wall Street estimates .

Persons: That's, Ebrahim Poonawala, Mgmt, Poonawala Organizations: PNC Financial, Bank of America, Wall, PNC, Wall Street Locations: The Pittsburgh, SPX, Texas

☆ Victoria’s Secret Fashion Show returns: Here’s what you need to know
▼ + stars: | 2024-10-16 | by ( Tara John | ) edition.cnn.com time to read: +14 min

Kate Moss, 50, makes her Victoria's Secret Fashion Show debut. Kate Moss, who turned 50 in January, made her Victoria’s Secret Fashion Show debut, with her daughter Lila also modeling. Taylor Hill/WireImage/Getty ImagesShe said that Victoria’s Secret was listening to their customers, who wanted the show to return. Ashley Graham walks the runway for the Victoria's Secret Fashion Show 2024. Dimitrios Kambouris/Getty ImagesBlackpink's Lisa performs during the Victoria's Secret Fashion Show 2024.

Persons: Lisa, Blackpink, Gigi Hadid, Barbie, Hadid, Brown, Kate Moss, Dimitrios Kambouris, Adriana Lima —, —, Bella Hadid, Alex Consani, Paloma Elsesser, Lila, Cher, Roxanne Robinson, ” Cher, Evan Agostini, Destiny’s Child, Justin Timberlake, Kanye, Barbara Palvin, Yasmin Wijnaldum, Winnie Harlow, Kendall Jenner, Alexina Graham, Naomi Campbell, Quannah, Megan Rapinoe, Priyanka Chopra Jonas, “, ”, Chantal Fernandez, Lauren Sherman, Victoria’s, Sarah Sylvester, Critics, Janie Schaffer, Liu Wen, Taylor, Victoria’s Secret’s, Tyra Banks, Law Roach, Banks, Angela Weiss, Ashley Graham —, ’ ”, ” Adriana Lima, Roy Raymond, Leslie Wexner, Reagan, ” Sherman, ” Fernandez, Heidi Klum, Gisele Bundchen, Stephen Cherrnin, Sherman, Sharleen, Brands ’, Ed Razek “, Razek, Wexner, Vogue, didn’t, Lily Aldrige, Karlie Kloss, Jeffrey Epstein, Epstein, Ashley Graham, Blackpink's Lisa Organizations: New, New York CNN, PETA, CNN, Brands, Getty, Brooklyn Navy, AP Locations: New York, Brooklyn, White, Lagos, Bogotá, London, Tokyo, American

☆ Fact check: John Deere says Trump’s story about how he saved US jobs with a tariff threat is fictional
▼ + stars: | 2024-10-16 | by ( Daniel Dale | ) edition.cnn.com time to read: +12 min

Inflation under Trump: Trump repeated his false claim that there was “no inflation” over his four years as president. Inflation under Biden: Trump also falsely claimed, “Biden went two years with no inflation, because he inherited from me. South Korea’s payments for the US military presence: Trump repeated his false claim that before his presidency, South Korea paid “nothing” for the US military presence there. He claimed that when he started trying to get South Korea to pay, the country responded, “We will not. The Congressional Research Service wrote in a 2023 report: “In the past, South Korea generally paid for 40%-50% (over $800 million annually) of the total non-personnel costs of maintaining the U.S. troop presence in South Korea.”US troops in South Korea: Trump falsely claimed, as he has before, that the US has “40,000 troops” in South Korea.

Persons: Washington CNN —, Donald Trump, Trump, John Deere, they’re, John Micklethwait, Harris, Kamala Harris, –, Biden, “, “ Biden, don’t, ”, didn’t, Trump, Barack Obama, Obama, Nobody, Joe Biden, haven’t, Biden’s Organizations: Washington CNN, Wall Street Journal, Bloomberg, CNN, Republican, Economic, of, Bloomberg News, Biden, Capitol, Trump, The Justice Department, FBI, Trade, European Union, “, EU, US, European, NATO, ”, Nord, ISIS, South, Congressional Research Service, Pentagon, Department of Defense Locations: Mexico, United States, of Chicago, Washington, DC, Biden’s, China, Canada, Japan, European Union, Venezuela, Russian, Germany, Nord, ”, South Korea, Korea, Trump , South Korea, South

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Starbucks, Disney, Microsoft, Cisco, Coinbase & more
▼ + stars: | 2024-10-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo reiterates Citi as overweight The firm said Citi remains a number one pick following earnings on Tuesday. Citi reiterates JB Hunt as a top pick Citi said the shipping giant remains a top pick following earnings on Tuesday. Citi upgrades Cisco to buy from neutral Citi says AI will play a bigger role in Cisco's future than investors assume. Bank of America upgrades Corteva to buy from neutral The firm said the ag chemical company has numerous tailwinds ahead. Citi reiterates Coinbase as buy The firm lowered its price target on the stock to $275 per share from $345.

Persons: Fargo, Goldman Sachs, Wells, Baird, Grainger, Jefferies, Rapid7, GTM, JB Hunt, JBHT, it's bullish, Bernstein, Tesla, it's, GOOG, TD Cowen, Yum, Cowen, Taco Bell, Morgan Stanley, Piper Sandler, Walt Disney, Guggenheim, HSBC downgrades Estee Lauder, Estee Lauder, Coinbase Organizations: Citi, FAST, BMO, Microsoft, Netflix, Autodesk, Nvidia, Barclays, Apple, DoJ, UBS, California Resources, CRC, Chord Energy, Yum Brands, Taco, Taco Bell, Disney, Walt, Cisco, HSBC downgrades, HSBC, Bank of America, Qualcomm Locations: China, Greater China

☆ US officials expect Israel’s counterattack on Iran will come before US Election Day
▼ + stars: | 2024-10-16 | by ( Mj Lee | Kevin Liptak | ) edition.cnn.com time to read: +7 min

The timeline and parameters of Israel’s retaliation against Iran have been subject to intense debate inside Israel’s government and are not directly related to the timing of the US election, the sources said. President Joe Biden, and by extension Vice President Kamala Harris, have faced pressure from progressives for their handling of the situation. In a telephone conversation last week, Biden and Netanyahu held a “direct” conversation about the plans for responding to Iran, according to the White House. American officials were extraordinarily tight-tipped about the two leaders’ conversation. Some American officials have privately speculated the Israeli leader is looking to boost Trump in the weeks ahead of November’s election.

Persons: Benjamin Netanyahu —, —, Joe Biden, Kamala Harris, Donald Trump, Antony Blinken, Lloyd Austin, Israel, Harris, Netanyahu, Biden, John Kirby, “, ” Kirby, Austin, wasn’t, ” Organizations: Washington CNN —, CNN, Michigan, Biden, White, US, Trump Locations: Israel, Iran, Gaza, United States

☆ Scream queen Kate Siegel has starred in some of Netflix's biggest horror hits. Now, she's tackling her scariest endeavor yet: directing.
▼ + stars: | 2024-10-16 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +11 min

She often collaborates with her husband, horror auteur Mike Flanagan, who wrote and directed both. Siegel has now moved behind the camera, making her directorial debut in the franchise "V/H/S." ShudderSiegel was already a longtime fan of the "V/H/S" franchise when she was approached to direct a segment for the latest installment, "V/H/S/Beyond," now streaming on Shudder. They didn't take no for an answer, however, and with some extra encouragement from her manager and her husband, Siegel agreed to take the leap. AdvertisementShe credits Josh Goldbloom, the producer responsible for rebooting the "V/H/S" franchise in 2021 after a seven-year hiatus, with changing her mind.

Persons: Kate Siegel, Netflix's, Usher, Mike Flanagan, Siegel, —, She's, Poe, Alanah Pearce, Shudder Siegel, Adam Wingard, Abigail, Josh Goldbloom, she'd, Flanagan, Gareth Cattermole, Trevor Macy, Kate, Denis Villeneuve, Jordan Peele, she's, I've, Stephen King, King, I'm, Shirley Jackson, he's, Charlotte Perkins Gilman Organizations: Service, Netflix, Toronto, Intrepid Pictures, Amazon Studios Locations: Bly

☆ The federal government just made it much easier to cancel your gym membership
▼ + stars: | 2024-10-16 | by ( Erika Tulfo | ) edition.cnn.com time to read: +4 min

The FTC unveiled its final “click-to-cancel” rule, which requires businesses provide a way for consumers to cancel their subscriptions that is just as easy as it is to sign up. That includes everything from gym memberships to digital streaming and e-commerce to cable TV service. “Too often, businesses make people jump through endless hoops just to cancel a subscription,” said Commission Chair Lina Khan in statement by the FTC. Other times they might’ve been able to sign up online, but in order to cancel they had to call and talk to a representative. Other kinds of memberships required them to actually show up in person to cancel their subscription,” Brett said.

Persons: ”, Lina Khan, Laura Brett, Brett, you’ve, ” Brett, Natnan, ABCmouse, Brian Fung, Nathaniel Meyersohn Organizations: CNN, Federal Trade Commission, FTC, Federal, National Advertising Division, BBB

☆ Chelsea Manning avoids Google and Microsoft — and says she prefers Apple products for cybersecurity
▼ + stars: | 2024-10-16 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

She and Nym CEO Harry Halpin said they avoid Google and Microsoft products over security concerns. In her consulting role, she assesses clients' data privacy practices and makes recommendations to improve their security. Advertisement"I'm not saying that you have to go out and buy an iPhone or Apple products — I have no investment in Apple," Manning told BI. Halpin is a cryptographer and former senior research scientist at MIT, who said he also avoids Microsoft and Google products because of his concerns about keeping his data secure. Related storiesMicrosoft, Google, and Apple representatives did not respond to requests for comment from Business Insider about this story.

Persons: Chelsea Manning, Harry Halpin, —, Chelsea Manning —, Manning, Obama, doesn't, Nym's, Halpin, Chris Hauk, Dinesh Besiahgari, Besiahgari, it's, " Halpin Organizations: Google, Microsoft, Service, Army, Apple, MIT, Business, Trust, Security, Amazon Web Services

☆ Lucid shares tumble following public offering of nearly 262.5 million shares
▼ + stars: | 2024-10-16 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Shares of Lucid Group dropped by more than 10% during after-hours trading following the electric vehicle startup announcing a public offering of nearly 262.5 million shares of its common stock. Following the transaction, Ayar is expected to maintain its approximate 58.8% ownership of Lucid's outstanding common stock, Lucid said in a release. Lucid said the transaction is subject to "certain conditions, at the same price per share initially to be paid by the underwriter for the public offering." BofA Securities is acting as the sole underwriter for the public offering. The EV maker intends to grant the firm a 30-day option to purchase up to nearly 39.37 million additional shares of Lucid's common stock as well.

Persons: Lucid, PIF Organizations: Saudi, Public Investment Fund, Investment Co, BofA Securities Locations: San Francisco , California, BofA

☆ Robots and AI-powered assistive tech are poised to transform accessibility and mobility
▼ + stars: | 2024-10-16 | by ( Jake Hall | ) www.businessinsider.com time to read: +8 min

She credited assistive technologies more broadly with saving her from "desperation and extremely dark thoughts." The Atalante X is made by Wandercraft, a company founded by a group of engineers in 2012 that develops mobility technologies. Kevin Piette, a Paralympic tennis player, carried the Olympic torch in the Atalante X, Wandercraft's robotic exoskeleton. Advancing rehabilitationDr. Laurent Metz, Wandercraft's global chief medical officer, described the Atalante X as a "walking robot full of sensors." Other assistive technologies are redefining accessibility and mobility.

Persons: there's, —, Esther Klang, Klang, Wandercraft, Kevin Piette, Laurent Metz, Metz, ReWalk, Elaine Schaertl, Short, Tatum, Dani Clode, neuroscientists, Clode, It's Organizations: Service, Robotics, Tufts University, Tatum Robotics, National Disability Institute Locations: Wandercraft's, Europe, Brazil

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