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"It's pretty simple - you can't make a big business decision today without a geopolitical perspective," Orszag said in an interview at the Reuters NEXT conference in New York. Lazard has a geopolitical advisory unit that analyzes world events and their potential impact on clients' businesses. Orszag set an ambitious goal of doubling the investment bank's revenue by 2030. Some investment banks have laid off thousands of employees and cut other costs after several quarters of lethargic dealmaking. [1/5]Peter Orszag, CEO of Lazard, speaks with Reuters journalist Lananh Nguyen during the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 9, 2023.

Persons: Peter Orszag, Orszag, Lazard, lethargic, Lananh Nguyen, Brendan McDermid, dealmaking, Brian Moynihan, Obama, We're, Leela de Kretser, Mark Porter, Emelia Organizations: Reuters NEXT, Wall, Reuters, REUTERS, Bank of America, reuters, Thomson Locations: China, Ukraine, New York, New York City , New York, U.S

☆ Santander's Botin targets auto finance, renewables in U.S. banking push
▼ + stars: | 2023-11-09 | by ( Alessandra Galloni | ) www.reuters.com time to read: +2 min

"Our strategy is very focused on playing to our strengths," she said in an interview at the Reuters NEXT conference in New York. As part of efforts to grow the unit, the Spanish bank is hiring staff from the stricken Credit Suisse. "All we are saying is, in terms of taxes, in terms of transparency, let's have the same," Botin said. "I'd love to compete with Apple as long as we are competing on same terms," she said. Santander is investing in its payments business PagoNxt as one of five key business areas, competing with the likes of Apple Pay.

Persons: Ana Botin, Alessandra Galloni, Brendan McDermid, Botin, Lananh Nguyen, Saeed Azhar, Lawrence White, Mark Porter, Lisa Shumaker Organizations: Banco Santander, Reuters NEXT, Santander, Suisse, Reuters, REUTERS, Apple Inc, Apple, Apple Pay, reuters, Thomson Locations: U.S, New York, Spanish, Santander, New York City , New York

NEW YORK, Nov 8 (Reuters) - Bank of America (BAC.N) CEO Brian Moynihan said on Wednesday he expects a soft landing in which the U.S. economy avoids a recession even as consumer spending and commercial borrowing slow. "Our research team is the best in the business and they have moved to the soft landing category. They have a slowdown in the economy in the middle of next year," Moynihan said in a wide-ranging interview at the Reuters NEXT conference. For months, Moynihan has cited healthy consumer finances and spending as indications that the U.S. economy could avoid recession. In the so-called soft landing scenario, economic growth slows, but remains positive.

Persons: Brian Moynihan, Moynihan, Lananh Nguyen, Brendan McDermid, Morgan Stanley, James Gorman, Ted Pick, Tatiana Bautzer, Chizu Nomiyama, David Gregorio, Edward Tobin Organizations: Bank of America, Reuters NEXT, Reserve, Federal, Reuters, REUTERS, Bank of, Wall, reuters, Thomson Locations: U.S, New York City , New York

☆ Goldman Sachs sees 'less robust' dealmaking in medium term
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: 1 min

A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 8 (Reuters) - Goldman Sachs (GS.N) does not expect a meaningful pickup in mergers and acquisitions activity in the medium term due to current macroeconomic conditions that have weighed on private equity dealmaking, an executive said on Wednesday. "For the medium term, the dealmaking environment will indeed be a little bit less robust," Jim Esposito, co-head of Goldman's global banking and markets division, said in an interview at the Reuters NEXT conference in New York. Reporting by Lananh Nguyen in New York Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Goldman Sachs, Jim Esposito, Lananh Nguyen, Chris Reese Organizations: Wall, REUTERS, Reuters NEXT, Thomson Locations: New York, U.S

☆ US banking executives talk soft landing, capital rules
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

[1/2] Bank of America Chairman and CEO Brian Moynihan speaks at the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 8, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsNov 8 (Reuters) - Top U.S. banking executives on Wednesday allayed fears of a recession, with Bank of America (BAC.N) CEO Brian Moynihan reiterating his expectation of a soft landing for the economy. Here are some excerpts from their interviews at the Reuters NEXT conference in New York:BRIAN MOYNIHAN, CEO AT BANK OF AMERICASOFT LANDING EXPECTATIONS"Our research team is the best in the business. They have moved to the soft landing category. ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) ISSUES"On a given day, we are criticized for being a large lender to energy companies.

Persons: Brian Moynihan, Brendan McDermid, BRIAN MOYNIHAN, HOLLY O'NEILL, JIM ESPOSITO, GOLDMAN SACHS, Niket Nishant, Manya Saini, Lananh Nguyen, Saeed Azhar, David Gregorio Our Organizations: Bank of America, REUTERS, U.S, Reuters NEXT, OF, GOLDMAN, Reuters, reuters, Thomson Locations: New York City , New York, U.S, New York

☆ Bank of America will lend $10 mln to veteran business fund
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsCompanies Bank of America Corp FollowNEW YORK, Nov 8 (Reuters) - Bank of America (BAC.N) will provide a second round of funding to a veterans group that finances small businesses built by former military personnel, the lender said on Wednesday. The second largest U.S. bank will lend $10 million toward a $25 million fundraising round for the Veteran Loan Fund, which aims to grow to $100 million nationwide by 2027. The veterans group initially raised $15 million when it launched in 2021, with Bank of America investing $5 million of long-term capital below market rates. The fund offers an online platform to connect military veterans and their spouses with lenders to help them build small businesses.

Persons: Carlo Allegri, Saeed Azhar, Lananh Nguyen Organizations: of America, REUTERS, Companies Bank of America Corp, Bank of America, Veteran Loan Fund, Thomson Locations: Manhattan, New York City , New York, U.S

Norway wealth fund CEO Nicolai Tangen presents the results for 2022, at a news conference in Oslo, Norway January 31, 2023. NTB/Heiko Junge via REUTERS/File Photo Acquire Licensing RightsNEW YORK, Nov 8 (Reuters) - Norway's $1.4 trillion sovereign wealth fund is using artificial intelligence to help manage its investments, its CEO Nicolai Tangen said in an interview at the Reuters NEXT conference in New York. The fund invests the Norwegian state's revenues from oil and gas production in equities, bonds, property and renewable projects abroad. It is the world's largest sovereign wealth fund, holding stakes in more than 9,200 companies globally and owning 1.5% of all listed stocks. "We are using it (AI) now in how we deploy the capital," Tangen said.

Persons: Nicolai Tangen, NTB, Heiko Junge, Tangen, Sam Altman, Altman, Lananh Nguyen, Chizu Organizations: REUTERS, Reuters NEXT, Companies, Reuters, reuters, Thomson Locations: Norway, Oslo, New York

Diana Nguyen andListen and follow The DailyApple Podcasts | Spotify | Amazon MusicOf all the legal cases that former President Donald J. Trump is facing, perhaps the most personal is playing out in a courtroom in Manhattan: a civil fraud trial that could result in him losing control of his best-known buildings and paying hundreds of millions of dollars in fines. In recent days, Mr. Trump and some of his children have taken the stand, defending the family business and the former president’s reputation as a real-estate mogul. Jonah E. Bromwich, who covers justice in New York for The Times, was inside the courtroom.

Persons: Diana Nguyen, Donald J, Trump, Jonah E Organizations: Spotify, The Times Locations: Manhattan, New York

☆ 5 deaths in 10 days point to a problem Australia wants to solve
▼ + stars: | 2023-11-04 | by ( Manav Tanneeru | Hilary Whiteman | ) edition.cnn.com time to read: +9 min

Two days earlier, the body of 38-year-old Krystal Marshall was recovered from the charred remains of her home after a house fire in South Australia, according to SA Police. The number of women killed by violence in Australia has ranged between 43 and 84 each years since Counting Dead Women began tallying deaths in 2012. Since then, she said she’s noticed a change in the way people, including the police, respond to domestic violence. But until those lessons are learned, state authorities are strengthening their responses to domestic violence. Whitford says it takes the community to come together to prevent more women becoming victims of domestic violence.

Persons: Manuela Whitford, We’ve, I’ve, ”, ’ I’m, ” Whitford, you’re, you’ve, It’s, They’re, Alice McShera, Geoff DeSanges, Lilie James, Krystal Marshall, Analyn, Whitford, she’s, “, Julia Gillard, Gillard, Andrew Tate, Andrew Lines, Lines, –, haven’t, Hilary Whiteman Organizations: Australia CNN, Friends, Facebook, WA, Victoria Police, New South Wales Police, ACT Policing, Police, SA Police, Dignity, Australian Institute of Health and Welfare, Women Survey, Women, United Nations, Global Institute, Women’s, NSW Police, CNN Locations: Brisbane, Australia, Australian, Perth, Western Australia, Sydney, New, Canberra, South Australia, Romania, New Zealand

[1/2] The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly Acquire Licensing RightsNEW YORK, Nov 2 (Reuters) - Goldman Sachs (GS.N) will promote 608 executives to managing directors next year, fewer than the 643 senior bankers it elevated two years ago, according to a company memo. But progress on racial representation slowed, as Black employees accounted for only 2% of managing directors, down from 5% in 2021. About 3% of the managing directors were from the LGBT+ community, unchanged from 2021. On the deals front, Goldman Sachs was among the advisors to Pioneer Natural Resources, which agreed to sell itself to ExxonMobil in a $60 billion deal.

Persons: Goldman Sachs, Andrew Kelly, Goldman, Julian Salisbury, we've, David Solomon, John Waldron, Saeed Azhar, Lananh Nguyen, Chris Reese, David Evans Organizations: New York Stock Exchange, REUTERS, Sixth, Arm Holdings, Natural Resources, ExxonMobil, Thomson Locations: New York City , New York, U.S, United States, Ukraine

☆ Dating is hard. Have apps made it worse?
▼ + stars: | 2023-11-02 | by ( Leah Asmelash | ) edition.cnn.com time to read: +13 min

“Dating on the apps, it’s ruined dating a bit,” Nguyen-Don, who works as a digital marketing manager, said. “The… design of those dating apps should definitely be held accountable for this kind of dating culture,” Zhou said. His experiences on dating apps were positive, he said, and he valued the ways they introduced him to new people and new experiences. Dating apps know this. For all their flaws, dating apps are unlikely to disappear any time soon.

Persons: Jenny Nguyen, Don, Nguyen, didn’t, WhatsApp, hadn’t, he’d, texted, ” Nguyen, “, Alexis Dougé, Tinder, ”, Dougé, who’s, Benson Zhou, Zhou, ” Zhou, Brian, they’ll, CNN he’s, Foyin Ogunrombi, Ogunrombi, she’s, —, Who’s, Silas Stein, “ It’s, ” Ogunrombi, David Argetsinger, Argetsinger, ” Alissa Wilson, ” Wilson, Maxine Simone Williams, WeMetIRL, ” Williams, Williams, Bumble Organizations: CNN, Twitter, New York University Shanghai Locations: London, TikTok, Atlanta, Johannesburg, South Africa, Everett , Washington, Arlington , Virginia, New York, cologne

☆ Goldman Sachs just promoted 608 employees to the coveted role of managing directors. See the full list here.
▼ + stars: | 2023-11-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

Goldman Sachs announced its 2023 class of managing directors Thursday afternoon, giving 608 employees the coveted title. It's a smaller cohort than the bank's 2021 MD class, down 5% amid a dealmaking slowdown. Still, Goldman appears to have taken pains to promote employees in revenue-generating divisions like investment banking and trading. Goldman says the percentage of women it promoted as part of the 2023 MD class sets a record, up 1% from 2021. Two years ago, Goldman promoted the largest managing director class in its history, naming 643 employees to the designation in 2021.

Persons: Goldman Sachs, Goldman, David Solomon, John Waldron, we've, Solomon, Waldron, Goldman Sachs Fereshteh Abbasi Thomas Abe Devina Abreo Francesca Adamski Emmanuel Adenitire Gopal Agarwal Prasoon Agarwal Udit Agrawal Khamran Ali Omar Alzaim Dorothee Amar Akbar Amin Joe Amsler Wilfred Amuri Jack Anstey Paul Antonios Hidemi Aoki, Carolina Aragon Gonzalez Nelson Armbrust Georgina Aspden Laurene, Gisha, Sharon Babick Navin Babu Alexey Bachurin Alberto Bacis Patrick Badaro Rahul Bajaj Elise Bal Tanya Ballaram Brian Baltz Guillaume Banderet Nirav Bansal Nitin Bansal Swati, Chalapathi, Andrei Banu Camella Barnes James Barry Elisa Anna Bassu Aman Batra Eleanor Beasley Nicole Beavan Michael Becker Yukiko Beer Omar Benchekroune Richard Bennett Nigel Beslee Ashima Bhalla Nikhil Bhandari Nimita Bhargava Bodha Bhattacharya Rebecca Bibb Roseline, Rahul Bindu Mark Bird Leo Biselman Christian Blanc Patrick Bogues Michael Boratin Katherine Bordlemay Gabriela Borges Kate Boucher Erik Bouland Joanne Braidi Chris Brett Joseph Briggs Charles Brockett Emmeline Brothers Aaron Brown Adrienne Brown Kevin Bryck Archana Budida Oliver Bunn Rebecca Burgoyne Andrew Burpitt Todd Byers Patrick Byrne Michael Cahill Ashley Caldwell Jake Caldwell Serdar Caliskan Jon Calluzzo Stewart Campbell Samantha Cantor Yuri Cantor Dan Carabas Gemma Carlaw Laura Carroll Tim Carson Matt Carter Quentin Cezard Alex Cham Simon Chamama Heidi Chan Patrick Chan Suraj Chandran Kim Cheah Jon Cheh CP Chen Nelly Cheng Sarrah Cherhabil Jackson Cheung Michael Cheung Rama, Stan Chiu Anish, Kunal Choraria Ankit Chowdhari Dario Claus Cosimo Codacci, Michael Coleman David Collerd Shannon Collins Francesca Condini Lee Coppersmith John Couch Tim Creamer Maziar, Satish Damodaran Gareth Davies Serkan, Nick De Kock Ann de la, Nick De Kock Ann de la Montaigne Jan Debeuckelaer Molly Decker Gabrielle Decrion Laurent Dedieu Antoine Demongeot Yannick Derippe Deepalakshmi Desai Tim Desiano Joshua Dezube Randeep Dhillon Javier Diaz, Merry Matheus, Jared Dickow Alex Doell Mao Dong Praneil Doolabh Daniel Dooling Michelle Dorea Szymon Doroz Jacqueline Du Benjamin Duell Kelsey Dumont Julie Duval Todd Ebe Dayo, Jeremy Eisenstein Chris Elmore Ryan Erickson Joaquin Escribano Larry Estrada Pavel Fadeev Will Fairbourn Jeremy Falgiani Fabio Federici Wenlong Fei David Felman Sophia Ferguson Zach Fernandez David Fernandez Miguez Scott, William Fio Rito Duffy Fischer Lisa Florentine Akshay Fomra Janice Foo Nicholas Forbat Elie Franko Georgina Fraser Jason Freeman Nicole Freeman Oliver Friedberg Gavriel Friedland Ross Fuller Angela Fung Greg Furness Nikhil Gadodia Stefano Gamba Amit Singh Gambhir Javier Gandara Giorgio Gandola Amit Gangrade Sudha Garimella Mima Garland Mingmin Ge Graziano Gemma Shefali Gera Constance Germain Brad Gifford Benjamin Giles Abbas Ginwala Marlene Giorgio Thomas Giovachini Zachary Glasser Guillaume Gnech Harley Golding Yuriy Goldman Jesse Goldstein Roy Golender Sharon Gonnella Alejandro Gonzalez Steven Gooden Jessie Gould Varun, George Graf von Waldersee Florian Granier Jamie Greenberg Brian Grzelakowski Alessandro Guicciardi Michael Guiliano Samuel Guinness Bivash Gunpath Deepa Gupta Parikshit Gupta Lauren Gutierrez Johannes Hahn Chris Hallam Alex Halpern Christina Halpin Michael Hamilton Brooke Hammel Saki Hanioka John Hanson Mathew Harris Ally Hart Amy Harwood Tom, Emily Hashimoto Rob Haslam Michael Heino Brandon Herde Sarah Higgins Camilla Hill Spencer Hill Sho, Cecilia Ho Jonathan Ho Bryan Hoffman Kevin Hoffmeyer Eliza Hollyday Simon Holmes Mehdi, Lily, Derek Hu Jennifer Hui Tim Huiszoon Camille Humbert Kurt Humes Kelley Hutchison Masayuki Ichioka Andrew Imber Calvin Isaac Jackson Isaacs Sharif Ismail Yu, Doug Michael Jaffa Nitin Jagga Rahul Jain, Jataprolu Fiona Jervis Yinpeng Jin Sandeep Jindal Jennifer Jochinger Steven Johnson David Johnstone Megan Jordan Nicolas Joseph Bob Kadel Jean Kam Harneet Kaur Vinay Kaura Peter Kelman Stephanie Kenary Maggie Keohan Humayun Khalid Sunil Khandelwal Scott Kilpatrick Jenny Kim Ashley King Joel Klaus Rene Klos Rossitsa, Michael Kondoleon Gregory Kontopoulos Larry Kornreich Shrivathsa Kota Konrad Krallmann Ken Kraska Alexander Kretzberg Bryant Krongard Simon Kubbies Adam Kulik Peter Kulka Ajeya Kumar Aditya Kurella Sara Lachapelle Raagini, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary LeDonne, Allison Lee Michael Lee Soohyun Lee Victoria Lewis Alice Li Qing Li George Lin Ali Lippert David Lipworth Bozhena Lisko, Murphy Mark Littlewood Zhenyi Liu Yelli Lobel Avinash Lobo Burke Loeffler Gabriela Lopez Cristian Lopez, Balboa Carlos Lopez Torrero Stephanie Louie Edward Lowe Reynolds Lowry Fei Luo Ranjan Luthra Sangeetha M Martin Ma Matthew Maciaszek Michael Magee Steffen Mahringer Poonam Majithia Terres Maloney Gopal Manchikanti Jade Mandel, Manfay Varun, Pierre Marboeuf Matt Margolin Thiago Marinheiro Kevin Martens Masato Maruyama Lucinda Mataka Rishi Mathur Pierre Maugest Scott Maxfield Andrei Maxim Michael McClurg Selina McCole Jeff McCown Andrea McGee Sinead McGuigan John McGuinness Benjamin McRoberts Amit Mehrotra Gaurav Mehta Kelly Mellecker Josef Menasche Raf Mercado Alexander Mielke Rachel Miles Christopher Miller Megan Miller Robert Miller Max Minton Edward Mitchell Oliver Money Tyler Moni Anna Montvai Taylor Moore Anthony Moschella Brandon Moy Faraz Munaim Sasha Munn Ashok Musuvathy Negar, Julian Naden Robinson Hiroki Nagamine Srijith Nair Cornelius Namiluko Sanjiv Nanwani Jay Narain Robert Andranik Nazarian Jovan Negovan Ryan Newman Michael Ng, Tasuku Nishihara John Nixon Kristy Nomi Alexandre Nunes Patrick O'Callaghan Yusuke Ochi KC O'Connor David Olivares Erica Olsen Victoria Ortengren Anas, Peter Pace Robert Packwood Nitin, Ellen Pak Ruth Pan Pedro Panizo Jayshri, Rahul Parikh Dan Parisi Freddie Parker Phil Parsons Peter Paruch Paul Pate Bella Patel Preya Patel Rakesh Patel Amit Patni Ed Paulinski Adam Pennacchio Kyle Penton Abhishek Periwal Michael Perrier Yoric Perrin Rasmus Persson Tommy Pinhas, Marco Poletti Megan Prasad Avijit Praveer James Puccinelli Sameer Punde Rob Pyne Na Qiao Valentina Quadri Marco Quirico Anya Radford Abhishek Rai Rahul Raj Ram Rajamony Ryan Ramsay Rami Rankoussi Nach Rao Pawan Rao Anurag Rathi Philip Renton Noel Reyes Ruth Reynolds Timothy Richards Peter Richter Brigid Riley Hutchinson Nick Rill Kristina Ristagno Vicky Ritter Martin Roberson James Roberts James Robinson Giorgio, Erin Roos Erin Ross Sumit Roy Conrad Ryan Soo, Ryu David Sage Jai Sahani Namita, Sarah Sakkej Karim Saleh Ayesha Salman Divya Samani Henrik Samuelsson Ryan Sansalone Vikram Sarker Shalini Satish Babu Charlotte Saury, Hania Schmidt Helene Schmitt Emily Schorr Wendy Schrunk Thomas Schwegler Michael Sciancalepore Brandon Seaman Benjamin Seigel Gamal Selvarajah Nicholas Semeniuk Devjoy Sengupta Michael Shafik Arpan Shah Shashwat Shah Shahnawaz Shahbaz Manoj Sharma Sachin Sharma Wazila, Gunduz Shirin Alex Silver Asmita Singh Kamalpreet Singh Andrew Sinnott Sapna, Dan Skinner Andrew Snow Stephanie Snyder Farouk Soussa Christopher Spahr Erik Sparks Matt Speltz Naveen Srinivasan Bhargav, Warren, Damian Steele Tobias Stein Catherine Stemp Dave Stringer Shekar Subramanian Jordan Sudy Philipp Suess Fatima Sultana Lu Sun Kumar Sundaram Fiona Syer Matthew Sykes Tofi, Filippo Taddei Sandhya Tadishetty Omer Tanvir Rita Taylor Zachary Tcheyan Brian Teague Wesley, Caitlin Terry Thomas Tesauro Hemal, Justin Therry Christine Thornburg Gregory Thysheril Angelo Tierno Alexander Tingle Ryan Townsend Cynthia Trillo Dimitris, Jessica Tung Jonathan Tung Ezgi, Zachary Upcheshaw Kiyomi, Nadine Urseanu Jim Vais Pim Valantagul Perrin Van Allen Annerieke van Dijk Jeroen van Dorp Dennis van Laer Todd van Stolk, Riley Jacqueline Vargas Alexander Vavalidis Edwin Velez Prasanna Venugopal Tim Verheyden Amanda Verstegen Ankit Vijay Vargiya Salvador Villanueva Arthur Villard Sichel Denzel Voesenek Bradley Wainwright Adam Walker Barbara Walters Omar Waly Daniel Wang Kenneth Wang Kristen Ward Gavin Warren Michael Washington Harry Webster Fredrik Weege Brian Weiss Thomas Weitz Nat Wells Joe Wenzel Tim Whitehead Henry Willans Matthew Williams Taylor Williams Katie Wilson Richard Wilson Stephanie Wisner Ilana Wolfe Jake Woodson Jeff Wu Qi Wu Jackson Yang Esma, Yoon Harm, John Zhai Jenny Zhang Lynn Zhang Raye Zhu Jane Zhuang Hans Zijlmans Carolyn Zimmer Samia Zitouni Mira Zorkot Organizations: Goldman, Wall, Carolina, Nick De Kock Ann de la Montaigne, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary Locations: Europe, Asia, India

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicIn late September, one of the world’s most intractable conflicts ended suddenly and brutally when Azerbaijan seized the enclave of Nagorno-Karabakh and tens of thousands of ethnic Armenians fled their homes. Andrew Higgins, the New York Times bureau chief for East and Central Europe, explains how the conflict started, why it lasted for more than 30 years, and what its end can tell us about the nature of seemingly unsolvable disputes.

Persons: Andrew Higgins Organizations: Spotify, Music, New York Times, East Locations: Azerbaijan, Nagorno, Karabakh, Central Europe

☆ Yes, ChatGPT can help with your college admissions essay. Here's what you need to do to stay within the rules.
▼ + stars: | 2023-10-31 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Students who use tools like ChatGPT to write their college essays need to walk a fine line. However, the guidance is still pretty vague, especially when it comes to admissions and college essays. "If you look across the landscape of college admissions, especially elite college admissions, there are no clear rules on whether you could use GPT or not." AdvertisementAdvertisementIn February, I tested the chatbot's ability to write college application essays. "If an essay is clearly written by AI, I think they will penalize the student and that application," Nguyen said.

Persons: —, Adam Nguyen, Ivy Link, Nguyen, there's Organizations: Service, telltale

The Southeast Asian electronics manufacturing hub already hosts U.S. giant Intel's (INTC.O) largest semiconductor packaging and testing plant worldwide and is home to several chip designing software firms. It is working on a strategy to attract more semiconductor investment, including from foundries, which focus on manufacturing chips. Meetings with half a dozen U.S. chip firms took place in recent weeks, including with fab operators, Vu Tu Thanh, head of the Vietnam office of the US-ASEAN Business Council, told Reuters. He declined to identify the firms because talks were still at a preliminary stage. John Neuffer, President of the U.S. Semiconductor Industry Association, at the same conference recommended the government focus on chip sectors where Vietnam was already strong, such as assembling, packaging and testing.

Persons: Florence Lo, PSMC, Tu Thanh, Joe Biden, GlobalFoundries, Hung Nguyen, Viettel, Robert Li, John Neuffer, Francesco Guarascio @fraguarascio, Khanh Vu, Fanny Potkin, Lincoln Organizations: REUTERS, Hanoi, U.S, ASEAN Business Council, Reuters, GlobalFoundries, Industry, Hanoi's University Vietnam, BET, Vietnam Semiconductor, European Union, U.S . Semiconductor Industry Association, Reuters Graphics Reuters, Thomson Locations: Vietnam, HANOI, U.S, Hanoi, China, South Korea, Singapore

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicA wave of strikes that has paralyzed the auto industry came to an end on Monday, when the last of the three big car manufacturers, General Motors, reached a deal with the United Automobile Workers union. Neal E. Boudette, who covers the auto industry for The Times, discusses the historic deal and why it was such a big win for workers.

Persons: Neal E, Boudette Organizations: Spotify, General Motors, United Automobile Workers, The Times

☆ Goldman Sachs hires BlackRock executive for unit serving third-party wealth product providers
▼ + stars: | 2023-10-30 | by ( Saeed Azhar | Thomson Reuters | Saeed Azhar Is A Reuters Financial Journalist On The U.S. Banking Team Covering Wall Street'S Biggest Lenders. He Focuses On Goldman Sachs | ) www.reuters.com time to read: +1 min

People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. Weiss joins Goldman Sachs as managing director as head of so-called "wealth customized solutions" for the U.S, according to a internal memo seen by Reuters. Goldman Sachs clients for these products include large banks' wealth management divisions, independent broker-dealers and registered independent advisors. Weiss was head of separately managed accounts (SMAs), models and portfolio consulting at BlackRock (BLK.N), according to the Goldman memo. Goldman Sachs Asset Management wants to offer tailored portfolios across both public and private asset classes, said Padi Raphael, head of third party wealth management at the bank.

Persons: Goldman Sachs, Andrew Kelly, Gregory Weiss, Weiss, Goldman, Merrill Lynch, Padi Raphael, Saeed Azhar, Lananh Nguyen, Chizu Organizations: REUTERS, U.S, Reuters, BlackRock, UBS, Goldman, Management, Thomson Locations: Manhattan , New York, U.S, BlackRock

☆ I Can Hear You Fine. Is It Rude That I’m Still Wearing AirPods?
▼ + stars: | 2023-10-29 | by ( Nicole Nguyen | ) www.wsj.com time to read: 1 min

I once heard that marriage is asking each other “What did you say?” for the rest of your lives. That’s certainly true for my husband and me. We do chores with earbuds in, listening to our respective music and podcasts. When one of us speaks up, it inevitably prompts a delayed, confused response.

Persons: That’s

A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2022. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 27 (Reuters) - Morgan Stanley (MS.N) gave its incoming CEO Ted Pick and the two other executives considered for the top job one-time bonuses of $20 million each, the bank said in a filing on Friday. The three-decade Morgan Stanley veteran started his career at the bank and came up the ranks to run trading, equity capital markets and fixed income. It is unusual for Wall Street CEO candidates to stay on if they are not selected, and the bonuses offered at Morgan Stanley break from that tradition. Since becoming CEO in 2010, Gorman has transformed Morgan Stanley, creating a wealth management behemoth and making transformative acquisitions of broker E*Trade and asset manager Eaton Vance.

Persons: Morgan Stanley, Brendan McDermid, MS.N, Ted Pick, Pick, Andy Saperstein, Dan Simkowitz, James Gorman, Jan, Morgan, Gorman, Wells, Mike Mayo, Brian Moynihan, Jamie Dimon, Eaton Vance, Tatiana Bautzer, Lananh Nguyen, Manya, Anil D'Silva, Richard Chang Organizations: New York Stock Exchange, REUTERS, Wall Street, Reuters, Bank of America, JPMorgan Chase, Trade, Manya Saini, Thomson Locations: New York City, U.S, New York, Bengaluru

Dimon and his family intend to sell 1 million of their 8.6 million shares, according to the filing. That is a tiny percentage of the shares outstanding in JPMorgan which has a market capitalization exceeding $409 billion, according to LSEG data. Dimon has no current plans to sell more stock, but could consider doing so in the future, the spokesman added. Shares of JPMorgan slid more than 3%, falling with peers Bank of America (BAC.N), Citigroup (C.N) and Wells Fargo (WFC.N). So far this year, JPMorgan shares have risen 1.4%, outperforming the S&P 500 Banks Index (.SPXBK), which has declined 18%.

Persons: JPMorgan Chase, Jamie Dimon, Dimon, Octavio Marenzi, Marenzi, they're, Schumer, Evelyn Hockstein, Wells, Brian Mulberry, Mulberry, Ben Silverman, Mike Mayo, James Gorman, Morgan Stanley, Peter Orszag, Dave Ellison, Hennessy, Scott Siefers, Piper Sandler, Siefers, Niket, Lananh Nguyen, Nupur Anand, Shilpi Majumdar, Shinjini Ganguli, Mike Harrison, Jonathan Oatis Organizations: JPMorgan, First Republic Bank, Forbes, U.S, Capitol, REUTERS, Bank of America, Citigroup, Zacks Investment Management, Wells, Wall Street, Lazard, Hennessy Funds, Banks, Thomson Locations: U.S, America, Washington , U.S, Wells Fargo, Bengaluru, Lananh, New York

Peter Orszag, CEO of Financial Advisory, Lazard, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. Dealogic data showed that globally, investment banking revenue tumbled 16% in the third quarter from a year earlier. Those takeovers, alongside a nascent revival in initial public offerings (IPOs), should bolster investment banking revenues next year. Global investment banking revenue stood at $50 billion in the first three quarters of this year, 20% below the same period in 2022, according to Dealogic. Investment banking revenue will probably rise 5% to 10% next year for the largest banks, according to Mike Mayo, an analyst at Wells Fargo.

Persons: Peter Orszag, Lazard, Mike Blake, dealmaking, Orszag, Morgan Stanley's, Ted Pick, Morgan Stanley, Dealogic, Mike Mayo, Jane Fraser, Fraser, Jana Partners, Brian Moynihan, Goldman Sachs, David Solomon, Tatiana Bautzer, Lananh Nguyen, Svea Herbst, Bayliss, Megan Davies, David Gregorio Our Organizations: Financial Advisory, Milken, Global Conference, REUTERS, Wall, Exxon Mobil, Chevron CVX.N, Reuters, CNBC, Global, Investment, Wells, Citigroup, Exxon, Natural Resources, Barclays, News Corp, Frontier Communications, Bank of, Svea, Thomson Locations: Beverly Hills , California, U.S, dealmaking, Ukraine, East, Wells Fargo

☆ 'I quit my high-paying tech job': 10 people share what finally drove them away from big tech
▼ + stars: | 2023-10-26 | by ( Aria Yang | ) www.businessinsider.com time to read: +11 min

Some left behind prestigious roles to pursue their passions, while others quit tech due to burnout. Some left behind their glamorous roles to pursue their passions, and some quit tech due to burnout. Read more: I quit my six-figure tech job because I couldn't work abroad. Mayuko Inoue left her tech job due to panic attacksMayuko Inoue is a former iOS software engineer at Patreon and Netflix. In 2022, he left Meta to start Taro, a community to help other engineers achieve similar career success.

Persons: Meta would've, —, Eric Yu, pinky, Yu, Read, Sergio Najera, Najera, I've, Mayuko Inoue, overexerting, Inoue, that's, Michael Lin, Lin, he'd, — he's, Jerry Lee, Lee, Rahul Pandey, Meta, Taro, Pandey, Mitchie Nguyen, Nguyen, Dayana Sabatin, Sabatin, I'm, it's, Jonathan Javier, Javier, It's Organizations: Meta, Service, Netflix, Google, Facebook, LinkedIn, Cisco Locations: Redding , California, San Francisco, Minneapolis, Minnesota, Spain, Morocco, Netherlands, Argentina, Brazil, Chile, Silicon, Europe, Asia, Seattle, Los Angeles

☆ Morgan Stanley's Pick and Gorman talk succession, strategy and challenges
▼ + stars: | 2023-10-26 | by ( Tatiana Bautzer | Thomson Reuters | Tatiana Bautzer Is A U.S. Banking Correspondent At Reuters In New York. She Previously Covered Banks In Brazil | ) www.reuters.com time to read: +3 min

Companies Morgan Stanley FollowNEW YORK, Oct 25 (Reuters) - Morgan Stanley's (MS.N) current CEO James Gorman and incoming CEO Ted Pick spoke with Reuters about the company's leadership succession and strategy. On strategy: "There is no change in strategy. JAMES GORMANOn Pick: "We picked (Pick) because he's had a long history of showing he's an exceptional operator. It takes, it takes enormous resilience and mental toughness, and he's got that." I chair Columbia Business School, I have a role at University of Melbourne, and I'll do a bit of that.

Persons: Morgan Stanley, Morgan Stanley's, James Gorman, Ted Pick, Gorman, we've, James, Smith Barney, Eaton Vance, We've, Andy Saperstein, Dan Simkowitz, Dan, Andy, JAMES GORMAN, he's, Ted, Tatiana Bautzer, Lananh Nguyen, Sonali Paul Organizations: Reuters, TED, Columbia Business School, University of Melbourne, DOJ, SEC, Thomson

☆ Who Decides Penn’s Future: Donors or the University?
▼ + stars: | 2023-10-26 | by ( Stephanie Saul | More About Stephanie Saul | ) www.nytimes.com time to read: +8 min

“The conference became a vehicle.”It is not unusual for donors, unhappy with student activism, to pull back giving. “It’s essential that the university remains independent from donor pressure or influence on the content of work that’s done in the university,” said Ms. Lieberwitz, who is also general counsel for the American Association of University Professors. “Very broadly, I am deeply committed to academic freedom,” Ms. Magill had told The Daily Pennsylvanian, the campus newspaper. Alumni Donors Push BackOne day after the Indigenous Peoples’ Day post, Ms. Magill issued her first statement condemning the Hamas assault. Some Wharton alumni had been unhappy with the university’s direction for a long time.

Persons: —, Lauder, Jon Huntsman, Dick Wolf —, Rowan, ”, Robert Vitalis, “, George W, Bush, Penn, Risa L, Lieberwitz, Magill, Ms, Amy Wax, Penn Hillel, Viet Thanh Nguyen, Israel, Roger Waters, Susan Albuhawa, Critics, ” Mr, Wharton, Jonathan S, Jacobson, Lia Thomas, Erika James, Ross Stevens, University of Chicago’s Booth, Stevens, Booth Organizations: “, East Center, University of Texas, Austin, University of Denver, Palestinian, U.N, Cornell, American Association of University, Edge, University of Virginia, Daily, university’s College of Arts and Sciences, Penn, Pink Floyd, Indigenous Peoples, Wharton, HighSage Ventures, Management, University of Chicago’s Locations: Utah, Penn, Israel, Yom Kippur, Nazi, Berlin

☆ Vietnam's real estate woes: how much worse can they get?
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +4 min

HANOI, Oct 26 (Reuters) - A rough year for Vietnam's real estate sector has seen developers miss interest payments on debt, amid a credit crunch spurred by ill-timed government measures, although spillover risk has been limited. Shares of the largest listed developer, Vinhomes (VHM.HM), part of the country's biggest conglomerate, Vingroup (VIC.HM), have fallen 13% this year. In September, the Asian Development Bank warned of potential spillover into banking from irregularities in corporate bonds and real estate markets, although troubled bonds made up just a small portion of total bank credit. While ill-timed government measures, companies' high debt and oversupply are responsible for the sectors' woes in both countries, conditions are different in Vietnam. Vietnam has a less acute situation of oversupply and speculation than China, he added, while real estate's contribution to its economy is also smaller.

Persons: Ho, Van Thinh Phat, Jean Xavier of S, Truong, Truong My Lan, Van Thinh, P's Xavier Jean, Francesco Guarascio @fraguarascio, Phuong Nguyen, Anne Marie Roantree, Clarence Fernandez Organizations: Dragon, Hung Thinh Corp, Moody's, Asian Development Bank, P Global, P, Southeast Asia Bank, Maritime Bank, Asia Commercial Bank, Vietnam Prosperity Bank, VP Bank, Bank, Van Thinh Phat Holdings Group, Thomson Locations: HANOI, Ho Chi Minh City, Vietnam, Phu, Hanoi, Southeast, Asia, Truong My, VIETNAM, CHINA, China

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