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☆ A simple way to fix search: Bright pink ads
▼ + stars: | 2023-11-13 | by ( Alistair Barr | ) www.businessinsider.com time to read: +10 min

One simple solution: Require all Search ads to be bright pink. One simple solution: Require all Search ads to be bright pink. AdvertisementAdvertisementWhen Search ads aren't labeled clearly, consumers don't spot them as much and click more often on the paid listings. 'Defects'Amazon entered the advertising business in a big way, and search ads are one of its most successful offerings. A 'uniform standard for labeling ads'Which brings us back to the simple solution: Search ads should be bright pink.

Persons: —, Mary Engle, Engle, Microsoft's Bing, BILL O'LEARY, Ben Edelman, Edelman, Jeff Bezos, wouldn't, Bing Organizations: Service, Federal Trade Commission, Google, Consumers, Getty, FTC, Microsoft, Amazon Locations: Washington

☆ The Fed is terrified Americans could get used to high inflation. It may already be happening.
▼ + stars: | 2023-11-12 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Fed officials don’t expect inflation to reach 2% until 2026, according to their latest economic projections released in September. If there’s one thing that would make the Fed quake in its boots, it would be worsening inflation expectations. The keyword there is “timely.”Sticky inflation could possibly “un-anchor” inflation expectations or elicit a consistent deterioration in Americans’ perception on inflation. “The Fed really just wants people to not expect inflation will run at 4% forever.”So what’s kept inflation expectations in check this long? For individuals and married people filing separately, the new federal standard deduction will increase to $14,600, up from $13,850 this year.

Persons: we’ve, Raphael Bostic, “, ” Luke Tilley, ”, Jerome Powell, presser, Powell, Michelle Bowman, Tilley, ” Drew Matus, what’s, Matus, “ They’re, Jeanne Sahadi, Lisa Cook, Phillip Jefferson, Michael Barr, Loretta Mester, Austan Goolsbee, John Williams, Christopher Waller, Mary Daly Organizations: DC CNN, Federal Reserve, Fed, University of Michigan’s, Atlanta Fed, Bloomberg, Investment Advisors, CNN, ”, New York Bankers Association, New York Fed, MetLife Investment Management, IRS, Tyson Foods, Depot, US Labor Department, National Federation of Independent Business, China’s National Bureau of Statistics, Target, National Statistics, US Commerce Department, Walmart, National Association of Home Builders, San Francisco Fed Locations: Washington, Wilmington, Palm Beach , Florida

☆ The New York Times got its content removed from one of the biggest AI training datasets. Here's how it did it.
▼ + stars: | 2023-11-08 | by ( Alistair Barr | Kali Hays | ) www.businessinsider.com time to read: +4 min

The New York Times discovered a big AI training dataset contained links to its copyrighted content. The media company also found its content in other AI training datasets, such as WebText. The New York Times discovered that Common Crawl, one of the largest AI training datasets, contained millions of URLs linking to its paywalled articles and other copyrighted content. The New York Times has found its paywalled articles and other copyrighted content in other popular AI training datasets. It's unclear if The New York Times has managed to get its content removed from WebText and other AI training datasets.

Persons: —, OpenAI's, Google's Infiniset, Charlie Stadtlander, Masterclass, Kelly, GAI Organizations: New York Times, Service, The New York Times, Foundation, US, Amazon, Yorker, The Times Locations: Originality.ai

☆ Morning Bid: Oil-fueled rally turns to Powell
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +5 min

[1/2] Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. And that's hit home by dragging U.S. pump prices down to levels not seen since March. Overall, U.S. 10-year yields remained on the back foot at 4.57% first thing and ahead of Wednesday's auction. Although Asian and European stocks fell back a bit, Wall St stock futures were unchanged before the bell. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jerome Powell, Kevin Lamarque, Mike Dolan, who's, Christine Lagarde, Andrew Bailey, Michelle Bowman, Austan Goolsbee, Christopher Waller, BoE, Ping, Donald Trump, White, Philip Jefferson, Michael Barr, Lisa Cook, John Williams, Joachim Nagel, Walt Disney, Ralph Lauren, Toby Chopra Organizations: Federal Reserve, Federal, Committee, REUTERS, Mike Dolan Wall, European Central Bank, Bank of England, Atlanta, Fed, Chicago Fed, St, Reuters, Ping An Insurance, HK, New York Fed, Warner Bros Discovery, MGM Resorts, Biogen, Energy, Treasury, Federal Reserve Bank of New, Thomson Locations: Washington , U.S, U.S, Gaza, Tokyo, Ohio, Kentucky, Brussels, Federal Reserve Bank of New York

☆ Morning Bid: Some payback, but bonds hug gains on oil
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +5 min

The oil price slide was helped by signs from Israel that it's open to pauses in the Gaza fighting. The typically hawkish Minneapolis Fed boss Neel Kashkari insisted it was still too early to take another rate hike off the table. Elsewhere, the Reserve Bank of Australia raised its policy interest rate again, as expected, by another quarter point to a 12-year high of 4.35%. Overall, the global stocks picture reflected some of the cooling of last week's rally and some of the China export numbers. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Lucas Jackson, Mike Dolan, that's, Neel Kashkari, Christopher Waller, Michael Barr, John Williams, Lorie Logan, Jeffrey Schmid, Zimmer, Jack Henry, Akamai, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Treasury, Minneapolis Fed, International Monetary Fund, Reserve Bank of Australia, Asia bourses, UBS, Credit Suisse, Federal Reserve Bank of New, Michael Barr , New York Fed, Dallas Fed, Horton, Mosaic, Emerson Electric, Occidental, Devon Energy, Products, Chemicals, Gen, Fidelity, Reuters, Reuters Graphics, Thomson Locations: New York, U.S, Israel, Gaza, China, Asia, Japan, Hong Kong, Swiss, Canada, Federal Reserve Bank of New York, Michael Barr ,, Lorie Logan , Kansas, eBay, Gilead, Occidental Petroleum

Nov 8 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Wednesday should be well-placed to bounce back from the previous day's declines, supported by another positive showing on Wall Street that secured the S&P 500's and Nasdaq's longest winning streak in two years. Tuesday's slide in U.S. Treasury yields will also support risk appetite in Asia, although some of that could be tempered by the dollar's resilience. With little on the regional economic data and policy events calendar to give markets a steer, investors will probably take their cue from Wall Street. The mostly cautious tone from U.S. policymakers on Tuesday should also help support sentiment in Asia on Wednesday.

Persons: Jamie McGeever, WeWork, Softbank, Fed's Powell, Williams, Barr, Cook, Josie Kao Organizations: Treasury, Nasdaq, Monetary Fund, IMF, Aussie, Reserve Bank of, Japan FX, Thomson, Reuters Locations: U.S, Asia, China, Beijing, Reserve Bank of Australia, Jefferson, Japan

☆ Trump's free speech defense may fall short in election subversion trial
▼ + stars: | 2023-11-06 | by ( Andrew Goudsward | ) www.reuters.com time to read: +6 min

Trump’s defense lawyers, in a flurry of legal motions, have argued that the case by Special Counsel Jack Smith "attempts to criminalize core political speech and political advocacy." At trial, legal experts say Trump will likely not be allowed to argue to a jury that his conduct was protected by his First Amendment right to free speech because such legal questions are resolved by the judge. Those claims complement his political case as an anti-establishment crusader whose movement is opposed by powerful foes seeking to silence him. Criminal defendants can use the defense to argue they sought legal opinions and did not intend to break the law. Three former Trump lawyers have already pleaded guilty in Georgia, including Kenneth Chesebro, who drafted memos crafting the fake elector scheme.

Persons: Donald Trump, Octavio Jones, Jack Smith, Trump, Democrat Joe Biden, Trump . Trump, Jonathan Turley, Mike Pence, “ He’s, ”, Ty Cobb, “, Arthur Engoron, Mr Kise, Engoron, Christopher Kise, Tanya Chutkan, Kristy Parker, ” Trump, William Barr, Kenneth Chesebro, Andrew Goudsward, Scott Malone, Jonathan Oatis Organizations: U.S, Republican, Florida Freedom Summit, Gaylord, Convention, REUTERS, Rights, Democrat, Trump ., George Washington University, Trump, Protect Democracy, Capitol, Prosecutors, Thomson Locations: Florida, Kissimmee , Florida, U.S, Washington, New York, Georgia

☆ Adam Kinzinger says Trump will 'interview 100 candidates' for attorney general and pick a person who'll disregard the Constitution should the ex-president win in 2024
▼ + stars: | 2023-11-05 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Adam Kinzinger says Trump will tap a sycophant as attorney general if he wins a second term. AdvertisementAdvertisementFormer Rep. Adam Kinzinger last week said that former President Donald Trump will "interview 100 candidates" for attorney general and nominate the most subservient candidate to take on the role in a potential second term. AdvertisementAdvertisementFormer Rep. Adam Kinzinger of Illinois. "If he does get through and he wins this time, he's going to interview 100 candidates for attorney general and only take the one that says, 'Mr. Barr succeeded Sessions as attorney general in February 2019 before leaving the post in December 2020.

Persons: Adam Kinzinger, Trump, Kinzinger, I've, —, Donald Trump, Joe Biden's, Mike Pence, Adam Kinzinger of, Tom Williams, Mr, needling, Jeff Sessions, recusing, William Barr, Barr, Sessions Organizations: DOJ, Service, Republican, Inc, Getty, Department of Justice, Trump Locations: Arizona , Georgia, Pennsylvania, Adam Kinzinger of Illinois, Russia, Alabama

☆ Stocks week ahead: Here’s how America’s economy could begin to weaken
▼ + stars: | 2023-11-05 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

The job market or spending? The spending argument: But there have been instances in which spending weakened before the job market. “I think it starts with the perception of the labor market,” Drew Matus, chief market strategist at MetLife Investment Management, told CNN. The ticket-industry giant said it has sold a record 140 million tickets so far this year, up 17% year-over-year and has already surpassed the 121 million tickets sold in all of 2022. In the third quarter, Ticketmaster sales surged 57% to $833 million and 90 million fee-bearing tickets were sold in the period.

Persons: can’t, ” Shannon Seery, “ It’s, ” Seery, Luke Tilley, ” Tilley, Jerome Powell, ” Drew Matus, ”, Taylor Swift, Parija Kavilanz, Swifties, Taylor, Michael Rapino, Beyoncé, Harry Styles, Bunny, Jonas Brothers, Bruce Springsteen, Lisa Cook, Michael Barr, Jeffrey Schmid, Christopher Waller, John Williams, Lorie Logan, Ralph Lauren, Steve Madden, Phillip Jefferson, Raphael Bostic, Tom Barkin, Christine Lagarde Organizations: CNN Business, Bell, DC CNN, CNN, Employers, Investment Advisors, Companies, National Bureau of Economic Research, CNN Wednesday, Federal, MetLife Investment Management, Ticketmaster, Ryanair, Goodyear, Fed, Reserve Bank of Australia, Uber, Occidental Petroleum, KKR, The Carlyle Group, US Commerce Department, Biogen, Warner Bros, Teva Pharma, The New York Times Company, Armour, SeaWorld, MGM Resorts, China’s National Bureau of Statistics, Sony Group, Astrazeneca, Tapestry, News Corp, US Labor Department, Soho House, National Statistics, European Central Bank, University of Michigan Locations: Washington, Wells, Wilmington, Lyft, Brookfield, Soho

The vast majority of fatalities – 73% – are women, children and the elderly, according to the health ministry. Women are in great pain, they sleep on the floors, without mattresses,” Bashir, the 32-year-old mother, told CNN. She told CNN she received confirmation the products reached the Rafah crossing, but does not know when the aid will enter Gaza. Palestinian mothers told CNN they cannot protect their kids from the terror of Israel's persistent bombardment. Ahmad Hasaballah/Getty ImagesSo many aspects of motherhood, once routine, are now a matter of life or death.

Persons: —, MedGlobal, OCHA, ” Musleh, “ I, can’t, “, Ahmed Al, Sadi, ”, Tanya Haj, Hassan, Médecins, jeopardizing, ” Haj, Hiba Tibi, Israel's, Said Khatib, Amal, Khan Younis, Bashir, Heather Barr, Barr, ” Bashir, CNN Amal, Nesma ElFar, MotherBeing, ‘, ’ ” Haj, Ahmad Hasaballah, Musleh, – Organizations: CNN, US, Palestinian Ministry of Health, Palestinian Medical Relief Society, Medical, CARE International, CARE ., CARE West Bank, UN, Getty, Haj, International Planned Parenthood Federation, Human Rights Watch Locations: Al, Gaza, Ramallah, Israel, Rafah, Egypt, AFP, Gaza City, Cairo, Khan, Palestine

☆ Trump wants to use the DOJ to probe high-profile critics if he wins a second term in 2024, report says
▼ + stars: | 2023-11-05 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Former President Trump is mapping out ways to probe high-profile critics in a potential second term, per WaPo. Trump reportedly wants to see the DOJ investigate Bill Barr, John Kelly, Mark Milley, and Ty Cobb. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementFormer President Donald Trump and his associates have begun outlining proposals for utilizing the federal government to target some of the ex-president's highest-profile critics should he secure a second term next year, according to The Washington Post.

Persons: Trump, Bill Barr, John Kelly, Mark Milley, Ty Cobb, —, Donald Trump, Joe Biden, Trump's, willy, Saikrishna Prakash, Kelly, Barr, Cobb Organizations: Trump, Service, The Washington Post, Department of, Trump —, White, Joint Chiefs, Staff, FBI, Department of Justice, Justice Department, Critics, University of Virginia School of Law, CNN Locations: Washington, Milley, Lago

☆ Developments in Trump’s galaxy of legal problems, explained
▼ + stars: | 2023-11-04 | by ( Zachary Wolf | ) edition.cnn.com time to read: +15 min

CNN —Try to keep track of the galaxy of former President Donald Trump’s legal problems. The trial marks the first of Trump’s criminal cases expected to proceed. Federal criminal court in Florida: Mishandling classified materialTrump has pleaded not guilty to 37 federal charges brought by Smith over his alleged mishandling of classified documents. A federal judge threw out the lawsuit in November 2022. A New York judge dismissed The New York Times from Trump’s lawsuit regarding disclosure of his tax returns and ordered Trump to pay the newspaper’s legal fees.

Persons: Donald Trump’s, Trump, Teddy Roosevelt, Roosevelt, Woodrow Wilson, Barnes, Doris A, Lawrence H, Budner Theodore Roosevelt, Congress Trump, Letitia James, Judge Arthur Engoron, Donald Jr, Eric, Ivanka, Sarah B, Wallace, Jack Dempsey, Jean Carroll, Jack Smith’s, Joe Biden, Tanya Chutkan, Obama, Chutkan, Stormy Daniels, Attorney Alvin Bragg, Daniels, Michael Cohen, Juan Merchan, Fani Willis, Brad Raffensperger, Jenna Ellis, John Bazemore, Sidney Powell, Kenneth Chesebro, Ellis, Powell, Chesebro, Smith, Allen Weisselberg, Weisselberg, Peter Strzok, Michael Cohen’s, Cohen, William Barr, Judge Lewis Liman, Mary Trump Organizations: CNN, Trump, White House, New York Republican, White, Progressive, DeGolyer Library, Southern Methodist, Congress, New, . New York, Colorado voters, Capitol Police, Minnesota’s, Federal, Iowa Republicans, Supreme, Prosecutors, Manhattan, Attorney, Fulton, Georgia, Republican, Department of Justice, . Justice Department, Reuters, National Archives, Trump Organization, Former Trump Organization, US Capitol Police, Metropolitan Police, FBI, Justice Department, New York Times Locations: New York, Colorado, Washington , DC, Florida, Michigan, Washington ,, Washington, Colorado’s, Denver, Manhattan, Iowa, DC, York, Georgia, Coffee County , Georgia, Atlanta, nemeses, Trump's, Lago, Mar, Bedminster , New Jersey, Rikers

☆ Morning Bid: Stocks clocking best week of the year
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The U.S. October employment report out later on Friday caps a hectic two weeks of central bank decisions, company updates and unnerving geopolitics. As the first major marker of U.S. economic strength in the final quarter of the year, the payrolls report packs a punch despite expected strike-related distortions. The interest rate relief this week is pervasive, however, as the Fed, ECB and BoE all paused tightening and U.S. Treasury debt sales worries ebbed somewhat. U.S. Treasury (.MOVE) and equity market (.BIX) volatility gauges have subsided to their lowest levels since early last month.

Persons: Brendan McDermid, Mike Dolan, BoE, ebbed, Antony Blinken, Sam Bankman, Fried, Michael Barr, Neel Kashkari, Huw Pill, Emelia Sithole Organizations: New York Stock Exchange, REUTERS, Mike, U.S, Federal Reserve, European Central Bank and Bank of England, Apple, Fed, ECB, Treasury, U.S . Treasury, Labor Department, Eversource Energy, Cardinal Health, Dominion Energy, Gartner, Church, Dwight, AMC, Liberty Media, Icahn Enterprises, Federal, Bank of England, Israel Productivity, Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, Isreal, Gaza, Gaza City, Canada, Minneapolis, Israel

☆ Best son ever Jeff Bezos is moving to Miami to be near his parents, definitely not to avoid taxes
▼ + stars: | 2023-11-03 | by ( Katie Notopoulos | Alistair Barr | ) www.businessinsider.com time to read: +5 min

Jeff Bezos announced he is moving from Seattle to Miami, in part to be close to his parents. Moving from Washington state to Florida could save Bezos a yachtload in taxes. Now, he's off to Miami where there's no capital gains tax and zero state income tax. They don't worry too much about income tax, but they do focus a lot on capital gains tax. Those holdings will probably be exposed to capital gains tax, too.

Persons: Jeff Bezos, Bezos, fiancé Lauren Sanchez, —, Miguel Bezos, Jeff, Lauren, Miami, McKenzie Scott, Brad Stone's Organizations: Service, Seattle, Miami Palmetto, GO, Amazon, SEC, Tech Locations: Seattle, Miami, Creek , Florida, Washington, Florida, , Florida, Biscayne, Amsterdam, New York City, California , New York, Texas

☆ Will Trump’s Barbs Land Him Behind Bars?
▼ + stars: | 2023-11-03 | by ( Susan Milligan | ) www.usnews.com time to read: +9 min

It was a historic and jarring event when FBI agents searched former President Donald Trump's home last year to look for classified documents he was accused of hoarding. "Courts and prosecutors have to become normalized to the idea of detaining Trump – if he continues to violate gag orders and/or if he is convicted at trial," Signorelli says. Less-powerful defendants have been punished with time behind bars for being in contempt of court (including violating gag orders) or threatening authorities. Sam Bankman-Fried, the former billionaire crypto trader, was put behind bars in August weeks before his fraud trial after giving a media outlet private writings by a witness. While courts are sensitive to First Amendment protections – especially for someone running for president – Trump is pushing the legal envelope, Eisen says.

Persons: Donald Trump's, Trump, –, Richard Signorelli, Signorelli, Tanya Chutkan, Alvin Bragg, Neama Rahmani, Vitali GossJankowski, Sam Bankman, Mark Meadows, Meadows, Jack Smith, Smith, Chutkan, Bill Barr, Norm Eisen, Trump's, – Trump, Eisen, Arthur F, Engoron, Fani Willis, Bernarda Villalona, William, Widge, Devaney, Baker McKenzie, it's, they're, Rahmani, You've Organizations: FBI, Trump, Capitol, New York, ABC, United Democracy Center, Philadelphia Locations: New York City, California, Georgia, New York, An Alabama, Fulton County, Trump, A Texas, Houston, Kings County, Brooklyn, New Jersey

☆ The biggest debate in tech
▼ + stars: | 2023-11-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the tech industry's debate over whether AI poses a real threat to humanity. The big storyBig Tech's big lieAP Photo/Julia Nikhinson; Arantza Pena Popo/InsiderWant to get someone in tech riled up? The private event, which had an exclusive guest list, has been criticized for favoring Big Tech executives over actual AI experts. "When big tech companies, big startups, and powerful VCs start calling for regulation of their hottest new technology, something is very wrong," Alistair Barr, Insider's global tech editor, told me.

Persons: —, Heidi Klum's, Klum, Julia Nikhinson, Arantza Pena Popo, Andrew Ng, Ng, Big, BlackRock's Larry Fink, Spencer Platt, Elon Musk, Alistair Barr, It's, Alistair, Insider's Beatrice Nolan, Sam Bankman, Aaron Schwartz, Stanley Druckenmiller, Druckenmiller, Tyler Le, SBF, Wendy Lee, Alba Santaliestra, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Fed, Tech, Google, Australian Financial, Big Tech, Getty Images Tech, Wired, Xinhua, Getty, Market, Apple, YouTubers, YouTube, Mexico City Locations: Israel, Muertos, Mexico, New York City, San Diego, London, New York

☆ Trump allies sour on the group that pushed his SCOTUS takeover because their lawyers aren't radical enough: report
▼ + stars: | 2023-11-01 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Trump's allies have soured on a legal group that is behind his biggest legacy. According to The New York Times, Trump allies are distancing themselves from The Federalist Society. After his surprise election, Trump's White House worked virtually hand in glove with the organization and then-Senate Majority Leader Mitch McConnell to confirm over 200 federal judges. But Trump allies now view Federalist Society lawyers as "squishes," according to The Times. Representatives for Trump and the Federalist Society did not immediately respond to Insider's request for comment.

Persons: Trump, —, Donald Trump's, Trump's, Mitch McConnell, Federalist Society doesn't, Russell T, Leonard Leo, Bill Barr, Barr, cratered Organizations: The New York Times, Federalist Society, Trump, Service, US Supreme, Times, Federalist, The Times, White

☆ More on the Stifled Hunter Biden Probe
▼ + stars: | 2023-10-31 | by ( The Editorial Board | ) www.wsj.com time to read: +1 min

Review and Outlook: Attorney General Merrick Garland demonstrates why appointing a special counsel to investigate Hunter Biden was a bad idea. Images: Reuters/Zuma Press Composite: Mark KellyHouse Republicans continue to unpack the Justice Department’s botched Hunter Biden probe, and evidence is mounting of interference from the top. The latest testimony comes from an Oct. 23 Judiciary Committee interview with former U.S. Attorney Scott Brady . In January 2020, then Attorney General Bill Barr tapped Mr. Brady to vet information related to Ukrainian corruption, and to pass along credible material to offices with ongoing investigations. Mr. Brady says in the transcript we’ve reviewed that FBI headquarters and Mr. Weiss’s office made this very difficult.

Persons: General Merrick Garland, Hunter Biden, Mark Kelly, Department’s, Scott Brady, Bill Barr, Brady, David Weiss Organizations: Zuma, Republicans, U.S, Delaware U.S Locations: Delaware, Ukrainian

☆ Tesla's enduring power is even clearer after the EV competition in Detroit falls flat
▼ + stars: | 2023-10-31 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementThe traditional auto industry has had more than a decade to build viable electric vehicle businesses. Again, maybe the traditional auto companies get a pass. WeWork-level lossesFord's EV business lost $1.3 billion, before interest and taxes, in the third quarter of 2023 – on just $1.8 billion of revenue. Detroit has responded with EV price cuts to try to compete with Tesla. Its auto business had a gross profit margin of more than 16% in Q3.

Persons: Tesla, —, Ford, Elon, haven't, China's BYD, Goldman Sachs, Kelley, Mercedes, Price Organizations: Ford, GM, Service, General Motors, Toyota, Honda, Wall Street, EV, Detroit, Mercedes, Benz, Tesla, LG Energy, Auto Locations: Detroit

☆ Trump gag order reinstated in Jack Smith federal election case
▼ + stars: | 2023-10-30 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

A federal judge reimposed a gag order on Donald Trump in his criminal election interference case, rejecting Trump's arguments that the restrictions on his speech were unconstitutional. Trump called Barr "dumb" and "weak" and a "loser," in response to Barr's remarks at the University of Chicago's Institute of Politics last week. A spokesman for special counsel Jack Smith, whose team is prosecuting the case, declined to comment on whether Trump's latest attack on Barr violated the gag order. Lawyers for Trump had asked for a longer stay of the gag order while they appealed it in a higher court. Trump has already violated that gag order twice, drawing a total of $15,000 in penalties.

Persons: Donald Trump, Tanya Chutkan, Chutkan, Trump, Mark Meadows, William Barr, Barr, Jack Smith, Smith, Joe Biden, Neal Katyal, Obama Organizations: Trump, Republican, White, University of Chicago's Institute, Politics, Lawyers Locations: Washington, Meadows, U.S, New York

☆ Mark Meadows quietly testified that he told Trump the election wasn't being stolen, reports say. But his book still pushed election fraud claims.
▼ + stars: | 2023-10-25 | by ( Sarah Gray | Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Unnamed sources familiar with the situation told ABC News and Bloomberg that Meadows testified before a federal grand jury hearing evidence in the election interference probe. It was not clear what Terwilliger told ABC News was inaccurate. Both ABC News and Bloomberg reported that Meadows told the grand jury he had informed Trump in the immediate aftermath of the 2020 election that claims of mass election fraud were baseless. AdvertisementAdvertisementMeadows also doubled down on the election fraud claims well after he and Trump left the White House, despite what the recent reporting says he told the grand jury. CNN noted that Meadows wrote in the book he did try to explain to Trump how he lost the election.

Persons: Mark Meadows, Jack Smith's, Meadows, Trump, —, Donald Trump's, Bloomberg —, George Terwilliger, Terwilliger, Bill Barr, who's, Alfred Hitchcock, Jenna Ellis, Sidney Powell, Kenneth Chesebro Organizations: ABC News, Bloomberg, Service, White House, CBS, ABC, White, CNN, Trump Locations: Georgia

☆ In a world of infinite AI, the new luxury item will be humans
▼ + stars: | 2023-10-25 | by ( Alistair Barr | ) www.businessinsider.com time to read: +11 min

The same inevitable supply-and-demand dynamic is about to wash over us again with large language models and generative AI. AI models are trained on masses of data from the past. Humans are good at learning quickly from a small amount of data, while AI models need mountains of information to train on. Soon, human content creators will be vying for attention with content generated by AI models. 'Utility, value and signaling'Hartz, a venture capitalist who now chairs Eventbrite's board, says successful technologists will continue to spend heavily on human experiences.

Persons: —, Kevin Hartz, Eventbrite, Taylor Swift, Marc Andreessen, Hartz, John Barone, you'll, Sal Khan, That's, Gates, Michael Larson, Elon Musk's, Morgan Stanley, Jared Birchall, Noam Brown, He's, Mark Zuckerberg, Zuckerberg Organizations: Service, Khan Academy, Menlo School, Sigma, Bloomberg, Meta, OpenAI, Google, Amazon Locations: GPT, Fiji, Palo Alto, Silicon, Menlo

☆ The startup extinction wave is rising and it's beginning to wash over the cloud industry
▼ + stars: | 2023-10-25 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

Startup shutdowns will continue at an elevated pace for the next 2 to 3 quarters, according to Peter Walker, head of insights at Carta. There's one big caveat to these concernsThe generative AI boom is firing up demand for AI cloud services. And they're using some of that new money to spend on AI cloud services. The company's cloud growth was healthy in the third quarter, helped by demand for new AI services. The company has been rolling out a slew of AI cloud offerings lately.

Persons: It's, —, Carta, Peter Walker, Bernstein, Ruth Porat, Amy Hood, they're, we'll Organizations: Service, Carta, Services, Google, Amazon, Microsoft

☆ Google considers subscription business models for its new AI offerings
▼ + stars: | 2023-10-25 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

The CEO said subscription business models are "a possible path" for Google's AI products. AdvertisementAdvertisementGoogle CEO Sundar Pichai suggested the company could embrace subscription business models for some of its new AI products. With AI, the CEO said there's an opportunity to evolve Search and the Google Assistant service over the next decade. Wall Street is nervous about any big changes to Google Search because Search ads are so lucrative. Google's "other" revenue rose 21% year-on-year in the third quarter, led by strong growth in YouTube subscription revenue.

Persons: Pichai, Bard, —, Sundar Pichai, Morgan Stanley, Brian Nowak, Nowak, Google Bard, there's, they're Organizations: Service, Google, YouTube, NFL, NFL Sunday

☆ Rising Treasury yields are impacting you regardless of where your money is invested. Here's how.
▼ + stars: | 2023-10-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementIf you've paid even a bit of attention to the market over the past few months, chances are you've heard the commotion over US Treasury yields. (Prices and yields are inversely related; the more people sell Treasurys, the higher their yields go, and vice versa.) But even if you have zero interest in the market, Treasury volatility impacts you. So yes, Treasury yields could fall.

Persons: —, you've, Insider's Jennifer Sor, Uncle Sam, Treasurys, Alistair Barr, Bill Ackman, Ackman, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Treasury, Federal Locations: New York City, San Diego, London, New York

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