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☆ Can AI answer your money questions? We put chatbots to the test
▼ + stars: | 2023-04-13 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

NEW YORK, April 13 (Reuters) - Face it, we could all use a little help with our money. So who better to ask for personal finance advice than a couple of the most powerful chatbots on the planet? Each has far more processing power than, say, any individual personal finance writer (ahem). That in mind, we asked our AI assistants-slash-overlords these classic personal finance questions:What is one great business idea? I couldn’t leave our new AI friends without asking a deeper question about money and its role in our existence.

☆ ChatGPT may be able to predict stock movements, finance professor shows
▼ + stars: | 2023-04-12 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Alejandro Lopez-Lira, a finance professor at the University of Florida, says that large language models may be useful when forecasting stock prices. If ChatGPT can display the emergent ability to understand headlines from financial news and how they might impact stock prices, it could could put high-paying jobs in the financial industry at risk. About 35% of financial jobs are at risk of being automated by AI, Goldman Sachs estimated in a March 26 note. But the specifics of the experiment also show how far so-called "large language models" are from being able to do many finance tasks. "On the regulation side, if we have computers just reading the headlines, headlines will matter more, and we can see if everyone should have access to machines such as GPT," said Lopez-Lira.

☆ Harvard expert shares her No. 1 'undesirable' trait CEOs see in employees: It's 'a huge red flag for me'
▼ + stars: | 2023-04-03 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Of the many traits people bring to the workplace, one stands out as an absolute "trust breaker," according to a Harvard career expert. It's "taking credit for other people's ideas," says Heidi K. Gardner, a professional leadership advisor and distinguished fellow at Harvard Law School. And that inability to appreciate other people's contributions is a huge red flag for me." Teamwork is crucial for any company's success, and by extension, your own success, Gardner says. "If somebody takes credit for someone else's work or ideas, they are not trustworthy in that sense."

"You're going to see every board member tell people to keep your money in multiple bank accounts," said Wesley Chan, cofounder and managing partner at FPV Ventures. "I'm not concerned about Bank of America," one business owner said as they left a Bank of America branch on Monday. Big banks can be less competitive, for example, on interest rates because of the security they offer. I think you'll see startups, in particular, questioning moving to the big banks given just how much more expensive it is," Matheson added. "The big banks are in very good shape, and so it probably is a stabilizing decision to move those deposits.

☆ What are dual-class shares and why do they matter for investors like us?
▼ + stars: | 2023-03-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

Alphabet (GOOGL), Meta Platforms (META), Ford Motor (F) and Estee Lauder (EL) are the four Club holdings that maintain a dual-class structure. Dual-class stock structures generally designate shares as part of Class A or Class B, with one carrying more weight than the other. Google Co-founders Sergey Brin and Larry Page took their nascent firm, now Alphabet, public in 2004 with a dual-class stock structure. Advantages A dual-class structure allows founders, C-suite executives or key investors to maintain control and execute their long-term vision for the business. Bottom line Dual-class shares are not ideal, but they're not a deal breaker either.

☆ The Justice Department investigated Jeffrey Epstein's death. Then it went silent.
▼ + stars: | 2023-03-09 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +25 min

Jeffrey Epstein's death in a federal jail was seen as a shocking Justice Department failure. But more than three years later, the office still hasn't released its report into the circumstances of Epstein's death. "We all took it by surprise," Mark Epstein told Insider. Barr tasked the Justice Department's inspector general, Michael Horowitz, and the FBI with investigating "the circumstances of Mr. Epstein's death." Mark Epstein told Insider that he spoke to his brother about once a month in the years before his death.

☆ Rupert Murdoch testified that Fox News hosts lied about the 2020 election. Here's why it wasn't a misstep.
▼ + stars: | 2023-03-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Rupert Murdoch admitted Fox News hosts endorsed falsehoods about the 2020 election. Murdoch chairs Fox Corporation, which argues it isn't responsible for claims made on subsidiary Fox News. Here was the chair of Fox Corporation, a 91-year-old mogul atop a conservative media empire, admitting to lies that damaged democracy. When asked by Dominion's lawyers in a January deposition whether he thought Fox hosts were truthful about the election, Murdoch was candid. Fox Corporation also manages subsidiaries like Fox Sports, a large number of local TV stations, TMZ, Tubi, and a blockchain company.

☆ A new bill in Florida would require bloggers writing about Ron DeSantis to register with the state or be fined
▼ + stars: | 2023-03-03 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

A Florida senator filed a bill mandating that anyone blogging about DeSantis must register with the state. Ron DeSantis to register with the state. 1316 would require any blogger who writes about DeSantis — and is paid for their work — to register with the state ethics commission or the Florida Office of Legislative Services. Brodeur's suggested law does not appear to apply to news organizations but instead would target individual bloggers who write about DeSantis and other officials. Brodeur told the website Florida Politics that he believes "paid bloggers are lobbyists who write instead of talk."

☆ Fox faces an ‘existential threat’ from its multi-billion-dollar defamation cases
▼ + stars: | 2023-02-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Fox Chairman Rupert Murdoch said under oath that he made a business decision when allowing a conspiracy theorist to promote election lies on Fox News. The network faces two separate defamation lawsuits from voting technology companies that collectively seek $4.3 billion in damages. Cases against FoxDominion Voting Systems is suing Fox News and Fox Corporation for $1.6 billion, accusing the network of spreading false claims that its technology enabled election fraud. A separate, similar case brought by voting technology firm Smartmatic is seeking $2.7 billion in damages. It also illustrated instances of Fox actively pushing back on fact-checks that undermined the election lies being peddled by supporters of former President Donald Trump.

☆ Elon Musk said he had to 'save Twitter from bankruptcy.' Here's what would happen if it filed for Chapter 11.
▼ + stars: | 2023-02-25 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +7 min

Elon Musk has floated bankruptcy as a possibility for Twitter, but had said costs are "under control." Twitter reportedly has roughly $13 billion in debt from a group of banks, with $1 billion annual interest payments. Companies can use Chapter 11 to slash debt, but it could give lenders control over its future. He tweeted earlier this month that his goal was "to save Twitter from bankruptcy," as his handling of the social media platform's finances has also come under scrutiny. In a Chapter 11 reorganization, parties like secured lenders and other creditors have leverage to demand leadership changes as a condition of approving a plan to exit bankruptcy.

☆ 60,000 miles of US roads could be under water in a few decades. Here's how experts say we can save our critical infrastructure.
▼ + stars: | 2023-02-16 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +9 min

"In the Keys, if you redo your house, you have to mitigate it for sea level rise," he told Insider. The islands are particularly exposed to rising sea levels. Across the country, you can expect coastlines to rise an average of 10 to 12 inches over the next 30 years, according NOAA's Sea Level Rise Viewer, which lets you adjust sea level rise and visualize how in trouble your house or your commute might be. Then, he started doing what NOAA recommends, reading about sea level rise and the plans that individual communities are studying to increase their own resiliency. By understanding how to adapt incrementally, and starting to act as soon as possible, the US can learn how to adapt to rising sea levels.

☆ What it feels like when your mental health condition becomes a punchline: 'It actually drives people further into hiding'
▼ + stars: | 2023-02-10 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

But if you don't actually have obsessive-compulsive disorder (OCD) or bipolar disorder (BPD), those jokes can be offensive to people who are actually living with the illnesses. Gabe Howard Podcast Host of "Inside Mental Health" and Author of "Mental Illness is an Ass----"And with the growing interest in mental health, self-diagnosing, and diagnosing others, without a medical background has become more socially acceptable, Mathews adds. Other people's opinions of bipolar disorder, often communicated through jokes, began to shape Howard's views on his own condition. Gabe Howard Podcast Host of "Inside Mental Health" and Author of "Mental Illness is an Ass----"Thankfully, he no longer feels this way. 3 tips for shifting your language around mental health conditions

Bed Bath said it was planning to raise just over $1 billion through sales of preferred stock and warrants and from securities when the warrants are exercised. Bed Bath will receive a waiver on its recent bank default should the proposed offering succeed, the company said. Bed Bath & Beyond also appointed Holly Etlin, a bankruptcy expert, as interim chief financial officer. "It’s a similar situation in which a deeply financially distressed company is attempting to sell securities," said Lynn LoPucki, a professor at the University of Florida. Sources have told Reuters that Bed Bath & Beyond has lined up liquidators to close additional stores unless a last-minute buyer emerges.

☆ Bed Bath & Beyond moves to raise $1 billion to avoid bankruptcy
▼ + stars: | 2023-02-06 | by ( ) edition.cnn.com time to read: +3 min

Bed Bath & Beyond said on Monday it was planning to raise some $1 billion through an offering of preferred stock and warrants in a last-ditch effort to stave off bankruptcy. Bed, Bath & Beyond held talks in recent days with an investment firm to underwrite a significant portion of the proposed offering, two people familiar with the matter said. Bed Bath said it was planning to raise just over $1 billion through sales of preferred stock and warrants and from securities when the warrants are exercised. Bed Bath will receive a waiver on its recent bank default should the proposed offering succeed, the company said. “It’s a similar situation in which a deeply financially distressed company is attempting to sell securities,” said Lynn LoPucki, a professor at the University of Florida.

☆ Girl killed in shark attack on Australia's west coast
▼ + stars: | 2023-02-05 | by ( ) www.reuters.com time to read: +2 min

Police believe the victim was with friends and jumped off a jet ski to swim with a pod of dolphins in the river when the shark attack occurred. People were being urged to take extra caution in the Swan River around Fremantle in the wake of the mauling. The last fatal shark attack in Western Australian waters was in November 2021 when a 57-year-old man was killed by a great white shark at Perth's Port Beach. A man was severely injured by a bull shark while swimming in the Swan River in January 2021. Australia ranked behind only the United States in the number of unprovoked shark bites on humans in 2021, according to the University of Florida's International Shark Attack File.

☆ Powerade is taking a jab at Gatorade with new formula and packaging
▼ + stars: | 2023-02-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

Powerade is taking on Gatorade with its new packaging. The unit now oversees the Powerade brand for Coke, and it has been making the changes — and spotlighting comparisons to Gatorade. Working together, “we can use, now, BodyArmor and Powerade as a one-two punch to beat Gatorade,” Muyshondt told CNN. Today, Gatorade controls about 63% of the US sports drinks market by volume, according to data from Euromonitor International. Coca-Cola’s strategy is about more than just gaining a bigger share in the sports drinks market.

☆ Stores say shoplifting is a national crisis. The numbers don’t back it up
▼ + stars: | 2023-01-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

Videos of brazen shoplifting incidents, like this one posted to social media in 2021, have turned retail theft into a national issue. The metric incorporates inventory losses caused by external theft, including organized retail crime, employee theft, human errors, vendor fraud, damaged or mismarked items and other losses. Whatever the numbers say, though, retailers maintain that organized retail crime has gotten worse. Organized retail crime typically refers to large-scale retail theft and fraud by groups of professional shoplifters who conspire to steal and resell stolen merchandise. The NRF estimates that organized retail crime costs companies an average of just 7 cents for every $100 in sales.

☆ Former Nebraska Gov. Pete Ricketts to Fill Vacant U.S. Senate Seat
▼ + stars: | 2023-01-12 | by ( Shannon Najmabadi | ) www.wsj.com time to read: 1 min

Jim Pillen speaking in Lincoln, Neb., after the Nebraska gubernatorial election was called in his favor in November. Nebraska Gov. Jim Pillen on Thursday appointed his predecessor to fill the U.S. Senate seat vacated by Ben Sasse , a Republican who resigned earlier this month to become president of the University of Florida. Pete Ricketts , a Republican who served two terms as Nebraska’s governor, will hold the seat until a special election is held in 2024 in the solid conservative state. He would have to run again in 2026 to serve a full six-year term in the Senate.

☆ Nebraska Gov. Pillen appoints former Gov. Pete Ricketts as Ben Sasse's Senate replacement
▼ + stars: | 2023-01-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +5 min

Ricketts, a Republican like Pillen and Sasse, will serve two years ahead of a 2024 special Senate election. Sasse, a vocal critic of former President Donald Trump and his supporters, officially resigned from the Senate on Sunday. Pillen said Ricketts was tapped for Sasse’s seat after more than 100 people applied and nine were interviewed. Following Pillen’s remarks, Ricketts thanked the governor, saying he was proud to support his campaign, and also thanked Sasse for his service. A top political ally of Pillen, Ricketts endorsed Pillen to succeed him and was a favorite to replace Sasse.

☆ One of the most powerful rich families in American politics just got their son in the Senate
▼ + stars: | 2023-01-12 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Ricketts' family owns the Chicago Cubs and has broadly supported conservative causes. Ricketts will replace former Republican Sen. Ben Sasse who left the chamber. Pete Ricketts will be joining the US Senate, an appointment that caps his political comeback and cements his family, which owns the Chicago Cubs, as one of the most powerful forces in American politics. Sen. Deb Fischer, a two-term Republican incumbent and loyal ally of Senate Minority Leader Mitch McConnell, is also up for reelection then too. Along with owning the Cubs, the Ricketts family has long been among the biggest funders of Republican campaigns.

☆ Former Nebraska Governor Ricketts to become U.S. senator
▼ + stars: | 2023-01-12 | by ( Katharine Jackson | ) www.reuters.com time to read: +1 min

WASHINGTON, Jan 12 (Reuters) - Nebraska's former Republican Governor Pete Ricketts is due to become a U.S. senator after being appointed on Thursday to fill the seat left vacant by Republican Senator Ben Sasse. In an anticipated move, Nebraska's Republican Governor Jim Pillen announced the appointment of his predecessor at the state Capitol on Thursday morning. Ricketts, 58, served two terms as Nebraska's governor, wrapping up his second term last week. The senator was one of seven Republican senators who voted to impeach then-president Donald Trump. Ricketts' appointment will not alter the balance of power in the Senate.

☆ Republican Ben Sasse says he's 'sad' for 'needy and desperate' Trump in parting shot before leaving the Senate
▼ + stars: | 2023-01-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

GOP Sen. Ben Sasse offered a parting blow to Trump as the Nebraskan leaves Congress. Sasse, who is moving on to academia, said it's "sad" the former president is so "needy and desperate." The Nebraska Republican also praised Trump for appointing conservative judges. Sasse formally resigned from the Senate on Sunday to become the next president of the University of Florida. Ricketts ran unsuccessfully for the Senate in 2006, losing handily to then-Democratic Sen. Ben Nelson.

☆ Republican Sen. Ben Sasse officially steps down, opening up appointment to seat
▼ + stars: | 2023-01-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +3 min

Sen. Ben Sasse, R-Neb., an outspoken critic of former President Donald Trump, officially resigned from the Senate on Sunday as he prepares to step back into academia as president of the University of Florida. The state's previous governor, Republican Pete Ricketts, has said he would seek the appointment. The university’s Board of Trustees later approved Sasse as the school's next president despite vocal opposition from some faculty and students. Sasse frequently aired grievances with Trump as well as his supporters in the Republican Party. “Those lies had consequences, endangering the life of the vice president and bringing us dangerously close to a bloody constitutional crisis,” Sasse said at the time.

☆ Elon Musk has warned in the past that Twitter could go bankrupt. Here's what would happen if it did.
▼ + stars: | 2022-12-29 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +6 min

Elon Musk has floated bankruptcy as a possibility for Twitter, but said this week costs are "under control." Twitter reportedly has roughly $13 billion in debt from a group of banks, with $1 billion annual interest payments. Musk has been in intense cost-cutting mode since his Twitter takeover became official on Oct. 27. That can create pressure on lenders to work with Musk to reorganize the debt, whether in court, or privately, experts said. Twitter, whose purchase was facilitated by elite backers including top venture capital firms and foreign investors, could face pressure from secured lenders to figure out a solution.

☆ Jan. 6 transcripts show Trump cronies taking the Fifth. So what?
▼ + stars: | 2022-12-23 | by ( Tracey Maclin | Tracey Maclin Is The Raymond | Miriam Ehrlich Chair In United States Constitutional Law At The University Of Florida Levin College Of Law. | ) www.nbcnews.com time to read: +6 min

If you’re innocent, why are you taking the Fifth Amendment?”This erroneous perspective of the right against compelled self-incrimination forgets a lot of history. She then invoked the Fifth Amendment and refused to answer any questions from members of the committee. They argued that by making an opening statement in which she professed her innocence, Lerner had waived her Fifth Amendment rights. The Fifth Amendment applies in any legal proceeding. Proceeding in this way, protects the Fifth Amendment rights of individuals and gives Congress the information it wants.

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