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☆ Ukraine hoped to force Russia to pick between 2 fronts. Putin chose both.
▼ + stars: | 2024-11-12 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Ukraine's big move this year was to invade Russia's Kursk region, hoping to divert Russia's main invasion. While it took ground in Kursk, Russia was also able to keep up its advance into eastern Ukraine. Russia is now amassing troops in Kursk, hoping to retake it without having compromised its main invasion. AdvertisementWhen Ukraine began its audacious incursion into Russia's Kursk region in August, it hoped to force a choice. That force amassed even as Russia kept up a steady advance on the main front line in eastern Ukraine.

Persons: —, Vladimir Putin's, Volodymyr Zelenskyy, Putin, Andrii Kovalenko Organizations: Service, The New York Times, Moscow Times, Ukraine's Center, North Korean Locations: Russia's Kursk, Kursk, Russia, Ukraine, North Korea, Ukrainian, Ukraine's, The

☆ A London chef criticized diners who just get water and share dishes. He says it's about the atmosphere, not the money.
▼ + stars: | 2024-11-12 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

A London chef sparked online debate when he criticized diners who don't spend much. He told BI it was "very frustrating" and he was being forced to turn away diners who might spend more. AdvertisementA London chef has sparked a debate about the affordability and culture of eating out after he criticized diners who don't spend enough. AdvertisementJames Hacon, a restaurant consultant and industry commentator, told BI that life is tough for London eateries right now. AdvertisementHacon said there were ways to overcome the impact of diners who only want a starter and water.

Persons: Hugh Corcoran, —, Corcoran, James Hacon, Hacon Organizations: Service, London, National Insurance, Guardian Locations: London

Olivia Nuzzi has withdrawn her protective order request against her ex-fiancé Ryan Lizza. AdvertisementOlivia Nuzzi, the former New York magazine political correspondent who made headlines earlier this year for having a personal relationship with Robert F. Kennedy Jr., has withdrawn her request for a protective order against her ex-fiancé, fellow journalist Ryan Lizza. In an October petition for a civil protection order, Nuzzi accused Lizza, a Politico reporter, of hacking her devices and stealing information to blackmail her. Related Video Jury finds Trump sexually abused and defamed E. Jean CarrollAn attorney for Nuzzi confirmed to Business Insider that she withdrew the protective order request. Following a third-party investigation into Nuzzi's work, New York magazine said the probe found no inaccuracies or evidence of bias in her reporting.

Persons: Olivia Nuzzi, fiancé Ryan Lizza, Nuzzi, Lizza, —, Robert F, Kennedy Jr, Ryan Lizza, Trump, Jean Carroll, Ari Wilkenfeld, Olivia, I'm, Oliver Darcy, Kennedy Organizations: RFK, Service, New, Politico, Business, BI, New York Magazine Locations: New York

☆ Home Depot says shoplifting challenges aren't getting any easier
▼ + stars: | 2024-11-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Home Depot said retail theft continues to be a challenge. However, the executive said investments to combat shoplifting and organized theft "are paying off." AdvertisementShoplifting and organized retail crime was a dominant story in retail last year. Home Depot has been both a prominent target and opponent of organized retail theft in recent years. AdvertisementLast year, a Florida pastor was charged with running a retail crime ring responsible for stealing $3 million worth of goods from the chain.

Persons: Richard McPhail, —, McPhail, Scott Glenn, Glenn, Dominick Organizations: Service, Home Depot, Watch, Home, Prosecutors, Depot, Business Locations: Florida

☆ SoftBank is betting on AI and an IPO revival after swinging to a $7.7 billion profit
▼ + stars: | 2024-11-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

SoftBank reported a $7.7 billion quarterly profit on Tuesday after a loss last year. SoftBank Vision Fund's CFO told BI that "macro tailwinds" helped its public portfolio. AdvertisementGains for its Vision Fund 1, a $98.6 billion investment vehicle launched in 2016 with backing from Abu Dhabi and Saudi Arabia's sovereign wealth funds, totaled $3 billion in the second quarter. Despite the investment gain, Vision Fund 2 has lost an overall total of $21 billion since its inception. The results come as SoftBank gears up for a huge investment spree in AI to realize Son's ambitious vision.

Persons: SoftBank, —, Masayoshi, Didi Chuxing, Navneet Govil, Ola, Govil, PayPay Organizations: Service, Funds, Vision, IPOs, Nvidia Locations: Abu Dhabi, Saudi, China, OpenAI, Mexico, India, ByteDance

☆ TikTok and its owner ramped up their hiring from China, even as Congress raised national security concerns
▼ + stars: | 2024-11-12 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

669 of the 1,089 approved US H-1B hires for TikTok and ByteDance in that fiscal year were from China. The hiring occurred as US officials raised concerns about TikTok's ties to China. Only 12% of all approved fiscal year 2023 H-1B applications were for Chinese nationals, compared to 61% of TikTok and ByteDance's approved applications. AdvertisementEven as TikTok has taken steps to downplay its association with China, its owner, ByteDance, continues to operate in the US. The company has also used TikTok's Chinese sister app, Douyin, as a testing ground for features that ultimately end up on TikTok.

Persons: —, ByteDance, US Sen, Tom Cotton, Cotton, Alejandro Mayorkas, ByteDance's, China TikTok, TikTok, Trump Organizations: TikTok, Service, Companies, Citizenship, Immigration Services, Business, US Data Security, Chinese Communist Party, US, Homeland, India, National Intelligence Locations: China, Beijing, ByteDance, California, Taiwan, Canada, Vietnam

☆ New French Mirage fighter jets could help Ukraine skirt one of the biggest roadblocks for the F-16 program
▼ + stars: | 2024-11-12 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

France also said it was training Ukrainian pilots. That's a big benefit, experts said, as the F-16 training program keeps being delayed. AdvertisementFrance's plan for getting Ukraine new Western fighter jets could help it skirt a big issue facing the F-16 program. Ukrainian President Volodymyr Zelenskyy stands against the background of Ukraine's Air Force's F-16 fighter jets in an undisclosed location in Ukraine. The Ukrainian Air Force's F-16 fighter jets fly in an undisclosed location in Ukraine.

Persons: —, Sébastien Lecornu, Gordon, Skip, Davis, Lockheed Martin, Volodymyr Zelenskyy, it's, Michael Bohnert, George Barros, Barros, Lecornu, Tim Robinson, Bohnert, Denmark — that's, Abrams, Robinson Organizations: Service, Ukraine, Ukraine Mirage, US Army, Lockheed, Politico, Street, AP, Pravda, RAND Corporation, Mirage, Institute for, Dassault Aviation, La Tribune, Ukrine's, Ukrainian, UK's Royal Aeronautical Society Locations: Ukraine, France, Ukrainian, Western, Russia, Nancy, US, Denmark, Romania, Soviet, Norway, Belgium, Netherlands

☆ How Trump could exploit a looming global struggle for rare-earth minerals
▼ + stars: | 2024-11-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

The power grab over rare-earth minerals in Central Asia could be among the issues he will seek to exploit. AdvertisementA power struggle over rare-earth mineralsAt stake for the US in Central Asia is not just political power but access to the region's reserves of rare-earth minerals such as uranium, lithium, and tantalum. Rare-earth minerals are needed to make all sorts of products, from F-35 stealth fighters and smartphones to internet fiber-optic cables and MRI machines. It produces around 60% of the world's rare-earth minerals and processes nearly 90%, according to the Center for Strategic and International Studies. "There are rare-earth minerals worth exploring/exploiting, and if the US/EU could strike a major deal with [Kazakhstan's capital] Astana, this would certainly contribute to breaking China's monopoly," said Wolff.

Persons: Donald Trump, —, Vladimir Putin, Xi Jinping, Xi, Putin, he'd, Wilder Alejandro Sánchez, ALEXANDER RYUMIN, Emmanuel Macron, Olaf Scholz, John Herbst, Stefan Wolff, Wolff, Herbst, Trump Organizations: Service, Putin, The Republican, Biden, Getty Images, Center for Strategic, International Studies, University of Birmingham, BI, Trump, EU, Astana, Central Asia Summit, Getty Images Central, Central, China Locations: Russia, China, Central Asia, Mongolia, Saudi, Getty Images China, Kazakhstan, Uzbekistan, Xian, Shaanxi, FLORENCE, Ukraine, Soviet Union, Washington, Moscow, Beijing

☆ Anthony Scaramucci is worried about a stock-market crash not seen since the late 1920s if Trump follows through on some of his plans
▼ + stars: | 2024-11-12 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

AdvertisementUS stocks have been on a tear since Trump's win. "Let me tell you something: If Trump enacted 50% of what he's saying, you'll have a stock market crash, the likes that you haven't seen since the 1920s," Scaramucci said. You'll crush the economy; you'll crush our tax revenues; you'll flip upside down the job market," Scaramucci said. "They will not be ready for that, and so the stock market will have gotten wrong the current movement." "My guess is that the stock market aficionados, the stock market experts, are probably right," Scaramucci said.

Persons: SkyBridge Capital's Anthony Scaramucci, Trump, there's, Scaramucci, —, Anthony Scaramucci, it's, Bitcoin, Donald Trump's, didn't, David Bahnsen, he's, — Elon Musk, Elon, Tom Orlik, David Kelly, , Susie Wiles Organizations: Service, House, SkyBridge, Business, Nasdaq, Russell, Trump, Bloomberg Economics, JPMorgan Asset Management, Republican

☆ How 9 newly minted Goldman Sachs partners celebrated their big day, from shouting across the trading floor to popping Champagne in the office
▼ + stars: | 2024-11-12 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +15 min

Goldman Sachs is a leading investment bank for corporate dealmaking and trading, and its partners represent less than 1% of roughly 46,000 employees. On average, Goldman's newest partners have spent 16 years rising in the ranks, the bank said last week. "It's like a wedding and birthday wrapped up in one amazing moment that you keep reliving," one new partner said. Here's a glimpse inside the big day of nine of Wall Street's up-and-coming executives, including what they did to mark the occasion. Related storiesI happened to be stepping into a meeting with the Arthur Miller Foundation — an amazing nonprofit that supports theater teachers in schools across NYC and beyond — just as John called.

Persons: Goldman Sachs, David Solomon, —, revel, John Waldron, Wall, Rob Barlick, Robert Barlick, Goldman Sachs David, It's, that's, Lyla Bibi, Bibi Goldman Sachs, Bracha Cohen, Marco Argenti, I've, Matt Doherty, Matt Doherty Goldman Sachs, David, Kristin Olsen, Marc Nachmann, Shane Lee, Vishaal Rana, Goldman Sachs David Solomon, Aaron Siegel, Aaron Siegel Goldman Sachs, Hayley, Arthur Miller, John, –, Craig Smart, Craig Smart Goldman Sachs, Kristin, Marshall Smith, Sylvia Yeh, Sylvia Yeh Goldman Sachs, Reed Alexander Organizations: Partners, Service, Valley Bank, GS, Goldman Sachs Asset Management, Arthur Miller Foundation, Goldman Locations: Valley, Florida, America, New York, New York City, —, Goldman Sachs

☆ Denzel Washington says he has 'not that many' films left to make before he retires — but one will be 'Black Panther 3'
▼ + stars: | 2024-11-12 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +3 min

He also said director Ryan Coogler is writing a role for him in "Black Panther 3." I don't know how many more films I'm going to make, probably not that many," Washington said. After that, Ryan Coogler is writing a part for me in the next 'Black Panther.' Related storiesMarvel fans were quick to pounce on Washington's comment about "Black Panther 3," which the studio has not yet announced. During the closing credits of "Wakanda Forever," text on the screen explicitly promises that "Black Panther will return."

Persons: Denzel Washington, Hannibal, King Lear, Ryan Coogler, —, Denzel Washington doesn't, he's, Paul Mescal, Antoine Fuqua, Steve McQueen, I'm, Washington, I've, Coogler, Tom Holland Organizations: Service, Denzel, Netflix, Marvel, Disney Plus, Disney Locations: Washington

☆ Nearly 216,000 job seekers had their personal data left unsecured on a tech recruiter's database, a security researcher says
▼ + stars: | 2024-11-12 | by ( Lloyd Lee | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

It's unclear if any unauthorized parties accessed the exposed data. AdvertisementFowler on Monday published his security report indicating that Alltech left its database of job candidate information unsecured without a password. That left the personal identifying information of about 216,000 tech job candidates exposed. It's unclear why Alltech collected job seekers' Social Security or passport information. Fowler said job candidates should be "skeptical" of recruiters who ask for personal information as a condition of applying for a job.

Persons: —, Jeremiah Fowler, Fowler, Alltech, hasn't, Justin Miller, Miller Organizations: Service, Security, Alltech Consulting, Business, LinkedIn, Secret Service, University of Tulsa, Social, lloydlee Locations: New Jersey

☆ OpenAI reportedly facing issues with its new AI model is a red flag for the entire industry
▼ + stars: | 2024-11-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt also undermines a core assumption about the future of generative AI: If you add more data and computing power, you get smarter and more powerful AI models. Top AI players have eye-popping valuations based on the promise that AI models will keep getting smarter and better with time. Getty Images; Chelsea Jia Feng/BISo what's holding AI models back from making another big jump? Anthony Scaramucci tells BI Trump's economic plans could cause a 1920s-style stock-market crash .

Persons: —, OpenAI's, Fabrice Beaulieu, Justin Sullivan, That's, Insider's Hasan Chowdhury, Beatrice Nolan, Orion, OpenAI, Chelsea Jia Feng, Anthony Scaramucci, Trump, Viktor Kovalchuk, Michael M, Robert Perry, Rebecca Zisser, what's, Donald Trump —, Morgan Stanley, Carta, Jed Finn, Goldman Sachs, Jeremy Siegel, Trump's, Jeff Bottari, Donald Trump, Joe Rogan, elect's, Elon Musk, Tesla's, Musk, Timo Lenzen, Juan Merchan, Donald Trump's, Jack Teixeira, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Orion, Getty, Companies, New York Times, Wall, Getty Images, Elon, BI, Trump Locations: GPT, undergrad, Mexico, New York, Ukraine, Massachusetts, Chicago, London

☆ London startup Agemo has exited stealth. Now, it's building AI reasoning for software to take on Poolside and Magic.
▼ + stars: | 2024-11-12 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Agemo has exited stealth with $4 million to build AI that turns text prompts into software. Essentially, this required them to train their AI models to reason like a team of engineers. Agemo finds itself up against the likes of Poolside, which raised $500 million in October, and Magic, which raised $320 million in August. To combat this problem, Agemo is building AI systems that can "reason" in software. AdvertisementEurope's answer to Poolside and MagicTo differentiate it from competitors such as Poolside and Magic, the startup says it has developed a neurosymbolic AI system for software reasoning.

Persons: Agemo, Aymeric Zhuo, Osman Ramadan, —, IBM's Jonathan Adashek, Mehdi Ghissassi, Olivier Pomel, Zhuo, Ramadan, ChatGPT, we've, We've Organizations: Service, Firstminute Capital, Mistral, Fly Ventures, Cambridge University, Microsoft, Activision, BI Locations: DeepMind, OpenAI, Sudan, London, Europe, Bay

☆ $3 billion startup Sword Health cuts some physical therapists as it ramps up AI to treat more patients
▼ + stars: | 2024-11-11 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Sword Health cut a portion of physical therapists last month, the company confirmed to BI. The startup is working to increase the number of patients its physical therapists care for using AI. AdvertisementSword Health has made cuts to its clinical workforce as the $3 billion startup seeks to manage more patients with the help of AI, Business Insider has learned. The layoffs come as Sword seeks to enable its PTs to treat more patients using AI. AdvertisementIt's not the only digital health startup waiting at the IPO gates.

Persons: —, Sword, would've, aren't, Virgilio Bento, It's, Bento, Morgan Stanley, Omada Organizations: BI, Service, Business Locations: Omada

☆ Trump's pick for 'border czar' gives a peek into his plan for a mass deportation
▼ + stars: | 2024-11-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

Mass deportations may affect the economy, including inflation and the job market. Homan is set to act as Trump's "border czar" after previously serving as his first acting director of US Immigration and Customs Enforcement. "Likewise, Tom Homan will be in charge of all Deportation of Illegal Aliens back to their Country of Origin. Homan earlier told Fox Business Network's Maria Bartiromo that Trump's immigration plan would be a "cost savings" initiative. Most agreed that mass deportations could increase inflation, lower GDP, and negatively impact the job market over the next few years.

Persons: Trump, Thomas Homan, Homan, Trump's, —, Donald Trump, Tom, Tom Homan, Biden, I've, Maria Bartiromo, Vance, Barack Obama, Chloe East, Elise Stefanik, Susie Wiles Organizations: Service, US Immigration, Customs Enforcement, Truth, Trump, Fox, Fox Business, Border Patrol, ICE, New York Times, Street Journal, Department of Homeland Security, American Immigration, Migration Policy Institute, Business, Brookings Institution, New York, United Nations, White Locations: US

☆ A history professor who accurately predicted 9 of the last 11 elections said he got death threats after getting his 2024 race bet wrong
▼ + stars: | 2024-11-11 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +2 min

Lichtman, who has accurately predicted nine elections to date, called a Harris win in September. He said he's received death threats and that there were two break-in attempts on his home. AdvertisementAllan Lichtman, the history professor who correctly predicted nine of the last 11 presidential elections, said he's received death threats after wrongly predicting 2024's results. Lichtman predicted a win for Vice President Kamala Harris over her opponent, former President Donald Trump, in September. "We've faced death threats, doxxing, swatting and intimidation at our doorstep.

Persons: Allan Lichtman, Lichtman, he's, —, Kamala Harris, Donald Trump, We've, Harris Organizations: Harris, Service, American University, Washington, DC Metropolitan Police Department, Business, YouTube, The New York Times, Trump, Republican

Here's what needs to go right for Intel, the only US-based manufacturer of powerful chips. AdvertisementUS policymakers are still betting that Intel is the nation's best shot at manufacturing chips. Intel needs to balance the booksIntel plans to spin out its semiconductor manufacturing business into an independent subsidiary called Intel Foundry, separating the manufacturing process from its chip-design business. Not everyone is convinced that government intervention will help Intel get back on track in chip manufacturing. The report said they also discussed a potential merger between the company's chip design business and a competitor like AMD or Marvell.

Persons: —, Dow, It's, they're, Alistair Barr, Stacy Rasgon, Patrick Moorhead, Moorhead, they've, Logan Purk, Edward Jones, Dan Morgan, Pat Gelsinger, Morgan, Rasgon, Daniel Newman, hasn't, Newman, Gina Raimondo, Donald, it's, Mark Warner, Semafor Organizations: Wall Street, Intel, Service, Dow Jones, Nvidia, Business, Qualcomm, AMD, Dow, Bernstein Research, TSMC, Intel Foundry, Synovus, Futurum Group, Act, Google, Microsoft, Apple, New York Times, Commerce Department, Sen, Marvell, Warner Locations: Taiwan, Washington

☆ Walmart is testing a new way to make it easier to access locked-up items. Here's why that's smart.
▼ + stars: | 2024-11-11 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Walmart is testing tech that lets employees use an app to unlock anti-shoplifting displays. The tech, currently in several hundred stores, could lead to shoppers having access too. 1 in 5 shoppers surveyed said they would buy from another retailer when faced with locked-up merch. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The assumption behind the Freedom Case is that customers who share their personal information in order to access merchandise are unlikely to steal.

Persons: —, Carol Spieckerman, Chris Walton, Spieckerman Organizations: Walmart, Service, Bloomberg, Omni, Kroger, Safeway

☆ Taiwan wants to buy F-35 fighter jets and Patriot missiles to show Trump it's serious: report
▼ + stars: | 2024-11-11 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +5 min

The package could include 60 F-35 fighter jets and 400 Patriot missiles, the FT reported. According to the Financial Times, the package could include 60 F-35 fighter jets, four Advanced Hawkeyes, 10 retired warships, and 400 Patriot missiles. "Taiwan is thinking about a package to show that they are serious," one former Trump administration official told the Financial Times. Blandin added that it's highly unlikely the US would send troops to defend Taiwan in the event of a Chinese attack. AdvertisementIn 2022, Biden vowed to defend Taiwan in case of a Chinese attack.

Persons: Donald Trump, —, Trump, Benjamin Blandin, Blandin, Sari Arho Havrén, Biden, Karoline Leavitt Organizations: Patriot, Service, Financial Times, Hawkeyes, Lockheed, Aegis, Business, Reuters, Institute for Economics, Peace, Bloomberg, Yokosuka Council, Pacific Studies, Trump, Taiwan, Royal United Services Institute, Air Missile Systems, White, British Locations: Taiwan, China, United States, Yokosuka, Asia, Singapore, Philippines, London, Taipei

☆ Bans on out-of-hours work calls and emails are looming. They could bring trouble as well as peace.
▼ + stars: | 2024-11-11 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

There are clear mental health benefits to healthy workplace boundaries. AdvertisementIn France, where the trend emerged, workers are under no obligation to work at home, and ignoring calls outside work hours is no grounds for discipline. Related storiesMental health benefitsThere are clear mental health benefits to healthy workplace boundaries. Cooper said that when attempting to improve a company's culture, you also don't want to eliminate flexible working altogether. In his work on the book "Flexible Work: Designing our Healthier Future Lives," Cooper found that people have wanted flexible work for a long time.

Persons: —, Rentokil, Elouisa Crichton, Sir Cary Cooper, Cooper, Crichton, it's, Jeri Doris, Doris Organizations: Service, Labour, Gallup, BI, Manchester Business School Locations: France, Portugal, Australia, New York, Washington, California

☆ Citadel Securities hires 20-year Microsoft vet in a new tech leadership role
▼ + stars: | 2024-11-11 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

Citadel Securities hired Herb Sutter who spent 20 years at Microsoft. Sutter is an expert in C++, a coding language that underpins most of Citadel Securities' technology. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementCitadel Securities just hired a 20-year Microsoft veteran who will be tasked with helping developers master a crucial but complex coding language to supercharge productivity. Sutter specializes in a programming language called C++, which underpins much of Citadel Securities technology, including its trading system that handles one in four stock trades in the US.

Persons: Herb Sutter, Sutter, He'll, —, Ken Griffin's, Josh Woods, Herb, Woods, Michael Park, it's Organizations: Citadel Securities, Microsoft, Service, BI Locations: Canadian

☆ Deckmatch uses AI to find and streamline deals for investors. Check out the 13-slide deck it used to raise $3.1 million.
▼ + stars: | 2024-11-11 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Deckmatch has secured $3.1 million in seed funding from Alliance VC and Luminar Ventures. BI got an exclusive look at the 13-slide pitch deck the startup used to secure the funding. AdvertisementA startup that helps private market investors automate their work has secured $3.1 million in seed funding. AdvertisementDeckmatch said its $3.1 million seed round was oversubscribed. With the fresh funding, Deckmatch plans to double down on its research and development efforts.

Persons: Deckmatch, —, Leopold Gasteen, Gasteen, Walid Mustapha Organizations: Alliance, Luminar Ventures, BI, Service, Google, Business, Skyfall Ventures Locations: Norway, VCs

☆ Trump's tariffs will make it hard for automakers — including Tesla — to set up shop in Mexico
▼ + stars: | 2024-11-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

Analysts said tariffs on cars imported from Mexico would have dire consequences for US automakers. Tesla announced in March 2023 that it was planning to build its seventh gigafactory near the industrial hub of Monterrey, Mexico. Trump vowed to clamp down on automakers building cars in Mexico on the campaign trail, and the prospect of new tariffs could force US automakers such as Tesla to make some hard choices about operational or planned factories in Mexico. Analysts told BI that the tariffs floated by Trump would deter automakers such as Tesla from investing in Mexico. Other automakers have expanded their presence in Mexico, despite the uncertainty of the election and the prospect of tariffs under a second Trump term.

Persons: Donald Trump, Elon Musk, —, Tesla, Trump, It's, Donald Trump's, Alex Brandon, Musk, Sam Fiorani, Fiorani, Ford, David Whiston, Scott Olson, BYD, Stephanie Brinley, Alanis King, Brinley, Stellantis Organizations: Service, Mexico —, AP, UBS, Trump, AutoForecast Solutions, General Motors, Ford, Getty, Toyota, Tacoma, Nissan, Volkswagen, BYD, Chrysler, Street Journal, BMW, P Global, Toyota Tacoma, GM Locations: Mexico, Monterrey, Detroit, United States, Cuautitlan, Toluca, San Luis Potosí

☆ New York Times tech workers are ending their strike
▼ + stars: | 2024-11-11 | by ( Lucia Moses | ) www.businessinsider.com time to read: +2 min

New York Times tech workers are ending their strike after a weeklong stoppage. The Tech Guild, formed in 2021, represents 600-plus engineers. AdvertisementNew York Times tech workers are ending their strike and returning to work Tuesday after a weeklong work stoppage, a Times spokesperson told Business Insider. AdvertisementDozens of tech workers crossed the picket line, showing splinters within the unit. Formed in 2021, the Tech Guild represents upward of 600 engineers.

Persons: —, didn't Organizations: New York Times, Times, Tech, Service, of New, Tech Guild, Company Locations: of New York

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