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☆ We Asked A.I. to Create the Joker. It Generated a Copyrighted Image.
▼ + stars: | 2024-01-25 | by ( Stuart A. Thompson | ) www.nytimes.com time to read: +8 min

It Generated a Copyrighted Image. image generator, to create an image of Joaquin Phoenix from “The Joker.” In seconds, the system made an image nearly identical to a frame from the 2019 film. Reid Southen Create an image of Joaquin Phoenix Joker movie, 2019, screenshot from a movie, movie scene Midjourney’s response Generated by A.I. Mr. Southen Create an image of Dune movie screencap, 2021, Dune movie trailer Midjourney’s response Generated by A.I. Mr. Southen Create an image of “The Last of Us 2,” Ellie with guitar in front of tree Midjourney’s response Generated by A.I.

Persons: Reid Southen, Midjourney, Joaquin Phoenix, ”, Southen’s, “ Joaquin Phoenix, Sega’s, Woody, watchdogs, Sarah Silverman, John Grisham, OpenAI, Southen, Keith Kupferschmid, Kupferschmid, Ellie, Gary Marcus, “ Marcus, ChatGPT, SpongeBob, chatbot, Kathryn Conrad, Marcus, Microsoft Bing, Mario, Conrad Organizations: Warner Bros, Marvel, The New York Times, Times, Microsoft, Copyright Alliance, New York University, Viacom, University of Kansas, Nintendo Locations: Michigan, A.I, Italian

☆ News industry off to brutal 2024 start as mass layoffs devastate publishers, raising questions about future of journalism
▼ + stars: | 2024-01-25 | by ( Oliver Darcy | Jon Passantino | ) edition.cnn.com time to read: +8 min

The recent round of layoffs, while pronounced, are part of a much larger and unrelenting storm battering the journalism industry. Over the past 18 months, most news organizations have been forced to make difficult decisions to reduce their workforces. “I am sorry to say that I do not see turning around most legacy outlets,” Jeff Jarvis, the Leonard Tow Professor of Journalism Innovation at the Craig Newmark Graduate School of Journalism, told CNN. Dan Kennedy, a journalism professor at Northeastern University, noted some local news outlets have found financial sustainability. “There are reasons to be optimistic given the hundreds of independent local news organizations that have sprouted up in recent years,” he said.

Persons: Condé Nast, ” Jay Rosen, “, Jeff Jarvis, Craig Newmark, ” Jarvis, ” Rosen, Steve Bannon’s, Margaret Sullivan, Sullivan, ”, ” Sullivan, Jeff Bezos ’, Patrick Soon, Dan Kennedy, Shiong’s, Jeff Bezos, ” Kennedy, Rosen Organizations: CNN, Los Angeles Times, Business, Condé, Forbes, The New York Daily News, Washington Post, NPR, Vice Media, Sports, Vox Media, NBC News, CNBC, Gannett, Netflix, Columbia University, Google, Meta, New York University, Craig Newmark Graduate School of Journalism, America, Guardian, The Washington Post, The New York Times, “ Democracy, Jeff Bezos ’ Washington Post, Northeastern University, “ Billionaire, Minneapolis Star Tribune, Boston Globe, Journalists Locations: Covid, Jeff Bezos ’ Washington

☆ Men in medieval China were able to move up the social ladder as easily as male Baby Boomers in the US, study suggests
▼ + stars: | 2024-01-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Obtaining high status was likely as easy for men in the Tang Dynasty as for men in the modern US, a study suggests. It found that social mobility for men at the time could be compared to that of the 1960s in the US. AdvertisementMen in medieval China could gain high status in society as easily as male Baby Boomers in the US, according to a new study released on Thursday. Women, however, were unlikely to be part of the Chinese bureaucracy, and few would have taken the imperial exam, Hout said. But I wouldn't see a farmer's kid being able to pass the exam," Hout said.

Persons: —, Michael Hout, Hout, Du Zhong Liang, Wu Zetian, It's, they're Organizations: Service, Boomers, National Academy of Sciences, New York University, Business, National Library of China Locations: China, Tang, Europe

☆ A new AI detection tool may have solved the problem of false positives for student writing, researchers say
▼ + stars: | 2024-01-24 | by ( Kali Hays | ) www.businessinsider.com time to read: +6 min

The researchers tested Binoculars on large sets of data compiled of news writing, creative writing, and student essays. As generative AI tools like ChatGPT explode in popularity, concerns have grown about students using AI to complete academic work while passing it off as their own. At the same time, many students have been wrongly accused of using AI, based on results of AI detection tools. Last year, schools and universities began disabling such AI detection tools. The researchers claimed Binoculars' method corrects for the role a person prompting an AI tool plays in the output, which has been pointed to as a cause for false positives in AI detection tools.

Persons: they've, Abhimanyu Hans, Dustin Moskovitz, Abu Dhabi's Falcon, Hans, Perplexity Organizations: Business, University of Maryland, Vanderbilt University, Carnegie Mellon University, New York University, Tübingen AI, Capital, Amazon Research

☆ Warren Buffett's secret investment sauce shows up in little-known holdings — a Nebraska farm and NYC property
▼ + stars: | 2024-01-21 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

The farm cost Buffett $280,000, a bargain after the 1980s bubble in farm prices burst, leaving many Iowa and Nebraska banks saddled with sour loans. NYU retail The second investment Buffett discussed was a New York retail property that he co-purchased in 1993 through an introduction by Larry Silverstein, Salomon Brothers' landlord when Buffett briefly stepped in as the investment bank's CEO. "If you don't feel comfortable making a rough estimate of the asset's future earnings, just forget it and move on." Key to investing Through telling stories of such specific assets, the legendary investor taught his followers that what matters the most to any investment is its future earnings. If you don't feel comfortable making a rough estimate of the asset's future earnings, just forget it and move on," Buffett said.

Persons: Warren Buffett, Buffett, Berkshire Hathaway, Larry Silverstein, Salomon Brothers, Benjamin Graham, Charlie Munger Organizations: Apple, New York University, Federal Deposit Insurance Corporation, Buffett, NYU, NYU wasn't, Columbia University Locations: Nebraska, New, Manhattan, Omaha, Iowa, New York

☆ Politically motivated 'swatting' incidents reveal how common anti-government terrorism is becoming, expert warns
▼ + stars: | 2024-01-21 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

She told Business Insider that the increasing spate of swatting attempts is an intensification of anti-government extremism plaguing the country. An FBI report reviewed by CBS indicated there may be more than 500 recorded swatting calls nationwide since May of 2023. "These are tactics that terrorists have used in the past to disseminate chaos and fear with fake bomb threats — they're not new tactics," Ben-Ghiat told BI. "The thing about these threats is, whatever form they're taking, they normalize the idea of threatening public officials," Ben-Ghiat told BI. Advertisement"That's what Trump does 24/7, hammering the idea 'We're coming for you, don't resist, we're coming for you,'" referring to his administration and supporters, Ben-Ghiat told BI.

Persons: —, Marjorie Taylor Greene, Sen, Rick Scott of, Michelle Wu, Arthur Engoron —, Donald Trump —, Ruth Ben, Ghiat, Strongmen, Mussolini, they're, Ben, Trump, they'll, isn't, Andrew Thomas Finch, Casey Viner, Shane Gaskill, Gaskill, Viner, Tyler Barriss, Brian, he'd, Finch, Barriss, Donald Trump's, he's, Utah Sen, Mitt Romney, who've, autocrats, swatting, aren't, Liz Cheney, they've, that's Organizations: Service, Business, Georgia, Boston, New York University, FBI, CBS, Wichita, Gaskill, Republicans, Fifth, MSNBC, Trump, Ben, Wyoming, Republican Party, GOP Locations: Rick Scott of Florida, York, Utah, Ben

If those population-growth patterns continue for the rest of the decade, it could seriously imperil the Democrats’ long-term chances of winning the White House. The Week in Cartoons Jan. 15-19 View All 5 ImagesFor Democrats, the picture is grim. An analysis by the Brookings Institution found that the main factor driving population growth in 2022-23 was immigration. The two states Democrats are eyeing most urgently to become the new Arizona and Georgia are North Carolina and Texas. In particular, predictions of “Blexas” – a blue Texas – have taken longer to materialize than most Democrats had hoped.

Persons: Donald Trump, University’s, Joe Biden, ”, Alan Abramowitz, Christopher Cooper, Brennan, Biden, Mark P, Jones, it’s, Michael McDonald, Trump, Michael Bitzer, ” Bitzer, “ Biden's, Thomas Schaller, ” Schaller, –, Barack Obama, Cooper Organizations: White, Center for Justice, Biden, Emory University, Democrats, Western Carolina University, “, ”, Republicans, Rice University, University of Florida, Brookings Institution, Brookings, North Carolina’s Catawba, Northern Blacks, Brennan, University of Maryland, American Democracy, Senate, Democratic, Texas, Democratic Party, Electoral College Locations: South Carolina , Florida , Texas , Idaho, North Carolina, Tennessee, Utah, New, Texas, Florida, Idaho, South Carolina , Tennessee, California, New York, Illinois, Minnesota , Oregon, Rhode, Arizona, Georgia, Michigan, Pennsylvania, U.S, That’s, North, Northern, Baltimore, Arizona , Colorado , New Mexico, Nevada, “ Texas, United States

☆ The Voters Finally Get Their Say
▼ + stars: | 2024-01-13 | by ( Peggy Noonan | ) www.wsj.com time to read: +1 min

Peggy Noonan is an opinion columnist at the Wall Street Journal where her column, "Declarations," has run since 2000. She has been a fellow at Harvard University’s Institute of Politics, and has taught in the history department at Yale University. Before entering the Reagan White House, Noonan was a producer and writer at CBS News in New York, and an adjunct professor of Journalism at New York University. She was born in Brooklyn, New York and grew up there, in Massapequa Park, Long Island, and in Rutherford, New Jersey. In November, 2016 she was named one of the city's Literary Lions by the New York Public Library.

Persons: Peggy Noonan, ”, ” Noonan, Ronald Reagan, Noonan Organizations: Wall, Journal, NBC News, The, Harvard University’s Institute of Politics, Yale University, Reagan White House, CBS News, Journalism, New York University, Fairleigh Dickinson University, Lions, New York Public Library Locations: New York, Brooklyn , New York, Massapequa Park, Long, Rutherford , New Jersey, Rutherford, New York City

Leon Wildes, a prominent immigration lawyer best known for his landmark, yearslong fight in the 1970s to prevent John Lennon from being deported and enable the former Beatle to receive permanent residency in the U.S., has died at age 90. Thanks to Wildes' ingenuity and the shocking twists of politics in the 1970s, Lennon's deportation was delayed and ultimately revoked. His honors included the Edith Lowenstein Memorial Award for excellence in advancing the practice of immigration law and the Elmer Fried Excellence in Teaching Award. He attended Yeshiva College as an undergraduate and became interested in immigration law after working with the Hebrew Immigrant Aid Society in the late 1950s. Wildes published articles in the Cardozo Law Review among other journals and wrote a book on the Lennon case, “John Lennon Vs. the USA,” that came out in 2016.

Persons: Leon Wildes, yearslong, John Lennon, Wildes, Englewood , New Jersey Mayor Michael Wildes —, Dad, Michael Wildes, Weinberg, “, ” Leon Wildes, Alan Kahn, Lennon, Yoko Ono, ”, Kahn, Jack Lemmon, Yoko Moto, Ono, Kyoko Chan Cox, John, Yoko, Richard Nixon, Lennon's, Nixon, Sen, Strom Thurmond, Thurmond, John Mitchell, Richard Kleindienst, J, Edgar Hoover, Fred Astaire, Dick Cavett, Saul Bellow, Stevie Wonder, Bob Dylan, “ Leon, ” Lennon, Nixon's, Mitchell, Sean, Norman Mailer, Gloria Swanson, Barack Obama, Mick Jagger, ” Jagger, ” Wildes, Benjamin N, Edith Lowenstein, Elmer Fried, Alice Goldberg Wildes, “ John Lennon Vs, John Lennon ”, Pennyblackmusic.co.uk Organizations: Lenox Hill Hospital, Englewood , New Jersey Mayor, Wildes, New York University School of Law, American Immigration Lawyers Association, Apple Records, Beatles, South Carolina Republican, Naturalization Service, Los, Nixon, Cardozo School of Law, Yeshiva College, Hebrew Immigrant Aid Society, Cardozo Law, Beatles Fans Locations: U.S, Manhattan, Englewood , New Jersey, Olyphant, England, New York City, Vietnam, Tokyo, British, London, Los Angeles, New York, Norman, Pennsylvania, Chicago

☆ You're not imagining it — it feels damn near impossible to get into top colleges right now
▼ + stars: | 2024-01-10 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +10 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementEven students who have gone megaviral for acceptance videos showing they got into multiple Ivy League schools called social media a major stressor. Schools are rethinking their admissions processes amid a glut of applicantsAn exponential increase in applications has benefited schools financially and reputationally. "A lot of these schools are making so much money from these application fees, which are $80, $90," Rim said. AdvertisementAnd as the game gets more and more competitive year after year, students know they must rise to untold challenges.

Persons: —, Christopher Rim, Rim, It's, Steve Gardner, Gardner, Grant Tucker, Grant Tucker Gardner, Olivia Zhang, Zhang, Kyungyong Lim, Tucker, Tucker's, Oliva Zhang, they've, Lim, who's, it's, " Tucker Organizations: Service, Command, New York City, Hamptons, Rim, Business, Ivy League, New York University, Northeastern, Babson, NYU, MIT, Yale, Facebook, Harvard, Duke, Cancer, Olympic, . News Locations: Asia, Christopher, New, yesteryear, Georgetown, Harvard merch, Jacksonville , Florida

☆ Bill Ackman's celebrity academic wife Neri Oxman's dissertation is marred by plagiarism
▼ + stars: | 2024-01-04 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +11 min

Harvard's president, Claudine Gay, resigned after conservative activists revealed she had plagiarized. But for Bill Ackman, the plagiarism wasn't only cause for Gay's immediate ouster as Harvard's president — it also warranted her total removal from its faculty. AdvertisementGay resigned as Harvard's president on Tuesday. One remains: Kornbluth, the president of MIT, where Oxman wrote her thesis and worked from 2010 to 2020. "Stay tuned @MIT," Ackman replied.

Persons: Claudine Gay, Bill Ackman, —, Ackman's, Neri Oxman, Oxman, Ackman, Gay, Elle, Björk, Brad Pitt, Jeffrey Epstein, Sally Kornbluth, Kornbluth, Liz Magill, Steve Weiner, Daniel Wagner, Peder Anker, Claus Mattheck, Weiner, Wagner, MIT Oxman, George Reid Andrews, Andrews, Christopher Rufo, Magill Organizations: Harvard, Gay, Service, Israel's, Business, Massachusetts Institute of Technology, New York Times, New York's Museum of Modern Art, MIT, Boston Globe, Pershing Square Foundation, Pershing Square Capital Management, University of Pennsylvania, New York University, Royal Society of London, University of Pittsburgh, New York Post, Harvard Corporation, Ackman Locations: Gaza, Harvard's, New York City, German, New

☆ Meet the portfolio manager who oversees the best performing stock fund this year
▼ + stars: | 2023-12-29 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Alex Umansky is the man behind the best performing equity mutual fund this year. Baron Fifth Avenue Growth (BFTIX) , with nearly $500 million in assets under management, has rallied more than 58% this year, taking the No.1 spot for a winning stock fund in 2023, according to Morningstar. Umansky, who's been in the industry for 30 years, is the sole portfolio manager for the fund. Umansky's fund seeks to find long-term, durable growth opportunities in the large-cap space. The manager also has a long-term approach to growth investing where he views a stock as a piece of the business.

Persons: Alex Umansky, who's, Morningstar, Umansky Organizations: Baron, Nasdaq, New York University, Nvidia, Tesla

☆ OpenAI's nonprofit arm showed revenue of $45,000 last year, even though company is worth billions
▼ + stars: | 2023-12-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +6 min

That's from the nonprofit parent's 990 filing with the Internal Revenue Service, a form that has to be filled out by organizations wishing to maintain their tax-exempt status. Thad Calabrese, a professor of public and nonprofit financial management at New York University, said OpenAI's current status is confusing, and is unlike anything he has seen in the nonprofit world. He said OpenAI could give up its nonprofit status, and he cited the Blue Cross Blue Shield Association, which in 1994 allowed associated nonprofit medical insurance plans to switch into for-profit entities. An OpenAI spokesperson didn't respond to a question about whether the organization is considering giving up its nonprofit status. Unlike OpenAI, Mozilla never raised money from venture and corporate investors, who expect returns on their investments.

Persons: Sam Altman, OpenAI's financials, OpenAI, That's, PlainSite, Altman, Helen Toner, Tasha McCauley, Ilya Sutskever, Thad Calabrese, Calabrese, didn't, Mark Surman, Surman, Altman's, hasn't, Bret Taylor Organizations: Internal Revenue Service, CNBC, New York University, Shield Association, Mozilla Foundation, Mozilla Corporation, Mozilla, Microsoft, Duke University Locations: California

☆ China’s youths throng bargain basements as economy bites: ‘The first floor is too expensive’
▼ + stars: | 2023-12-06 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Future Publishing | Future Publishing | Getty ImagesMin Li doesn't go to the mall often. The name of the game for Chinese youth in 2024 is trading down. Anything not in the basement floors is considered to be "in heaven," signaling it's out of reach. Citizens shopping for Mid-Autumn Festival gifts at a shopping mall in Yantai, East China's Shandong province, Sept 25, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing | Future Publishing | Getty Images"The name of the game for Chinese youth in 2024 is trading down.

Persons: Min Li doesn't, Gucci, Chanel, Louis Vuitton, She's, Shaun Rein, Rein, Jia Miao, Jia, Chung Chi, Miao Organizations: Future Publishing, Getty, Apple, China Market Research Group, Starbucks, China Market Research, Weibo, Citizens, Publishing, New York University Shanghai, MyCOS Research, NYU Shanghai, Hong Kong Polytechnic University, McKinsey, China's, China News Service Locations: Yantai, East China's Shandong province, Weibo, East China's Shandong, Covid, NYU Shanghai China, Shanghai, Guangzhou

☆ Could 'carbon passports' that limit how much we travel be in our future?
▼ + stars: | 2023-12-05 | by ( Joey Hadden | ) www.businessinsider.com time to read: +7 min

A recent report on the future of travel includes the concept of a "carbon passport." One tour company is proposing a solution: a "carbon passport" that would limit how much carbon travelers could emit each year. "Carbon passports have taken that idea one step further" because they would involve tracking and limiting travel carbon emissions, specifically, Hawkins added. In reality, a carbon passport would be challenging to implementHawkins and Matt Berna, the president of Intrepid in the Americas, said they didn't see a carbon passport as a quick fix, though. To track your flight's carbon emissions, Berna suggests booking through Google Flights, which has included emissions levels since 2021.

Persons: Paloma Zapata —, Zapata, Alex Hawkins, Hawkins, Matt Berna, Berna, it's, Anna Abelson, Jonathan M, Thierry Monasse, there's Organizations: Future Laboratory, Intrepid, Environmental Protection Agency, Sustainable Travel International, Business, The, Laboratory, Tisch Center of Hospitality, New York University, Airlines, International Air Transport Association, Wizz, Google, European Environment Locations: Americas, Greece, Italy, Albania

☆ Life insurers binge on US financing aimed at helping housing
▼ + stars: | 2023-12-05 | by ( Koh Gui Qing | ) www.reuters.com time to read: +8 min

It has been predominantly used by life insurers, because they need to boost their investment returns with cheap funding to meet long-term liabilities. They provide the cheap funding to banks and insurers in exchange for collateral to ensure they get their money back. Insurers are entitled to tap FHLB funding. Insurers’ borrowing from FHLBs picked up in 2008 financial crisis, as those that spread themselves thin with aggressive investments scrambled for cash. They did not explain why insurers need FHLB funding to invest in mortgages.

Persons: Sarah Silbiger, Ryan Donovan, CMBS, Lawrence White, White, Graphics JUICING, Cynthia Beaulieu, Cornelius Hurley, Hurley, FHLBs, ’, Michael Ericson, Jack Dolan, Koh Qui, Greg Roumeliotis, Anna Driver Organizations: REUTERS, Loan, Federal Housing Finance Agency, of Federal Home Loan, FHLBs, FHLB, National Association of Insurance, New York University, MetLife Inc, Equitable Holdings Inc, Corebridge, Brighthouse Financial, MetLife, TIAA, Equitable, Graphics, Wellington Management, Boston University School of Law, Coalition, Silicon Valley Bank, First, American, of, Insurance Coalition, Reuters, Thomson Locations: Washington , U.S, U.S, Boston, Silicon, First Republic, Chicago, New York

☆ Nvidia is the stock of the year. Can it last?
▼ + stars: | 2023-12-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

New York CNN —It would be an understatement to say that it’s been a good year for Nvidia. The California-based chipmaking giant has seen its shares soar about 220% this year, making it the top performing S&P 500 stock in 2023. What’s happening: Just before Thanksgiving, Nvidia crushed doubts that its star was fading by reporting gangbuster third quarter earnings. By Sosnick’s count, Nvidia executives mentioned AI at least 70 times on their most recent earnings call. Historically, Nvidia has had hard falls after missteps — between 2021 and 2022, shares of the stock fell by 66%.

Persons: Hannah de Wolf, Colette Kress, There’s, ”, Steve Sosnick, we’ve, Nvidia …, Dan Ives, Goldman Sachs, Piper Sandler, Harsh Kumar, Sarat Sethi, DCLA, Sethi, it’s, missteps, hasn’t, Matt Egan, Robert Jackson Jr, Joshua Mitts, “, Mitts, it’s “, ” Mitts, Jackson, Catherine Cortez Masto, Biden, Cortez Masto, “ I’m, Todd Young, Tim Kaine, Mark Warner, Rand Paul, Mitch McConnell, Bill Hagerty, Marsha Blackburn ,, Joe Manchin, Roger Marshall, Katie Britt Organizations: CNN Business, Bell, New York CNN, Nvidia, Revenue, Nvidia can’t, Washington Service, Interactive, CNBC, Columbia University, New York University, Israel, Fund, SEC, NYU, …, CNN, US, EU, Indiana Locations: New York, California, China, Wedbush, Israel, Gaza, Columbia, Nevada, American, Virginia, Kentucky, Tennessee, Marsha Blackburn , West Virginia, Joe Manchin , Kansas, Alaska

☆ Tel Aviv bourse says no unusual trading ahead of Oct 7 Hamas attack
▼ + stars: | 2023-12-05 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

JERUSALEM, Dec 5 (Reuters) - The Tel Aviv Stock Exchange said on Tuesday that a report by U.S. researchers suggesting there were investors in Israel who may have profited from prior knowledge of Hamas' Oct. 7 attack was inaccurate and its publication irresponsible. "There was nothing unusual in short positions in the stock exchange in the two months before the attack." "The ISA's examinations found, inter-alia, that the average short balances for shares traded on the Tel-Aviv Stock Exchange declined during the period preceding October 7th," the regulator said in a statement. Their report said "short interest in the MSCI Israel Exchange Traded Fund (ETF) suddenly, and significantly, spiked" on Oct. 2, based on data from the Financial Industry Regulatory Authority (FINRA). He also said the short position in Leumi was taken by an unidentified Israeli bank known to the TASE.

Persons: Robert Jackson Jr, Joshua Mitts, Yaniv Pagot, Pagot, Mitts, Steven Scheer, Mark Potter, Leslie Adler Organizations: Tel Aviv Stock Exchange, U.S, New York University, Columbia University, Hamas, Reuters, Israel Securities Authority, Tel, Aviv Stock Exchange, ISA, Leumi, MSCI Israel, Fund, Financial Industry Regulatory Authority, Thomson Locations: Israel, Leumi, Israel's, agorot, MSCI

☆ Israeli regulators are looking into unusual trading prior to October 7 attack
▼ + stars: | 2023-12-05 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Regulators in Israel are aware of and reviewing research that suggests some unknown traders may have had advance knowledge of the October 7th Hamas attacks. “This subject is known and is being thoroughly checked,” Sivan Carmon, a spokesperson for the Israel Securities Authority, told CNN in a statement on Tuesday. The ISA, the Israeli equivalent of the US Securities and Exchange Commission, is charged with fighting securities fraud, insider trading and other market abuse. Experts urged regulators to investigate the matter, including by looking at nonpublic market data that researchers did not have access to. “Of course, that’s quite different from trading based on inside knowledge of terrorist attacks,” Whitehead said.

Persons: ” Sivan Carmon, hasn’t, Yaniv Pagot, ” Pagot, ” Charles Whitehead, Whitehead, ” Whitehead, ” – CNN’s Gayle Harrington Organizations: CNN, Regulators, Israel Securities Authority, Columbia University, New York University, ISA, US Securities and Exchange Commission, Industry Regulatory Authority, Israel, Fund, Tel Aviv Stock Exchange, Bank Leumi, Cornell Law School Locations: Israel, Gaza, San Francisco

☆ Israel investigates possible trading knowledge ahead of Oct 7 Hamas attack
▼ + stars: | 2023-12-04 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

[1/2] An aerial view shows vehicles on fire as rockets are launched from the Gaza Strip, in Ashkelon, southern Israel October 7, 2023. REUTERS/Ilan Rosenberg/File Photo Acquire Licensing RightsJERUSALEM, Dec 4 (Reuters) - Israeli authorities are investigating claims by U.S. researchers that some investors may have known in advance of a Hamas plan to attack Israel on Oct. 7 and used that information to profit from Israeli securities. "And just before the attack, short selling of Israeli securities on the Tel Aviv Stock Exchange (TASE) increased dramatically," they wrote in their 66-page report. In response, the TASE referred Reuters to the Israel Securities Authority, which said: "The matter is known to the authority and is under investigation by all the relevant parties." The professors referred to patterns in early April when it was reported that Hamas was initially planning its attack on Israel.

Persons: Ilan Rosenberg, Robert Jackson Jr, Joshua Mitts, Steven Scheer, Howard Goller Organizations: REUTERS, Rights, U.S, Research, New York University, Columbia University, MSCI Israel, Fund, Financial Industry Regulatory Authority, Tel Aviv Stock Exchange, Reuters, Israel Securities Authority, Thomson Locations: Gaza, Ashkelon, Israel, MSCI, Israel's

☆ Unknown traders appear to have anticipated October 7 Hamas attack, research finds
▼ + stars: | 2023-12-04 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

Short selling is a way to bet against the value of a security. “Our findings suggest that traders informed about the coming attacks profited from these tragic events,” the authors wrote. The research found that on October 2, just five days before the Hamas attack, “nearly 100% of the off-exchange trading volume in the MSCI Israel ETF … consisted of short selling.”“Days before the attack, traders appeared to anticipate the events to come,” the professors wrote. In the days before the attack, bets against Israeli securities traded on the Tel Aviv Stock Exchange “increased dramatically,” the paper said. “Taken together, our evidence is consistent with informed traders anticipating and profiting from the Hamas attack,” the authors wrote.

Persons: hasn’t, Jonathan Macey, ”, Robert Jackson Jr, Joshua Mitts, “, Mitts, it’s “, ” Mitts, Jackson, Bill Bagley, Charles Whitehead, Whitehead, – Organizations: New, New York CNN, Columbia University, New York University, Israel, Fund, Yale Law School, CNN, “ Regulators, SEC, NYU, …, US Securities and Exchange Commission, Israeli Securities Authority, Reuters, Financial Industry Regulatory Authority, Tel Aviv Stock Exchange, Bank, Cornell Law School Locations: New York, Israel, Gaza, Columbia, Bank Leumi

NEW YORK (AP) — Broadway audiences will soon be hearing the hit songs of Alicia Keys — not far from where the multiple-Grammy-winner grew up. “Hell's Kitchen,” the semi-autobiographical musical by the singer-songwriter, is making the move uptown from off-Broadway to the Shubert Theatre this spring. The musical features Keys’ best-known hits: “Fallin’,” “No One,” “Girl on Fire,” “If I Ain’t Got You,” and, of course, “Empire State of Mind,” as well as four new songs. “Hell's Kitchen,” in a way, is a full-circle moment for the Keys' family. In 2011, she was a co-producer of the Broadway play “Stick Fly,” for which she supplied some music.

Persons: Alicia Keys —, “, Maleah Joi Moon, Keys, ”, Kristoffer Diaz, Michael Greif, Evan Hansen, Camille A . Brown, Ali, ” Keys, Neil Diamond, ” “, Britney Spears, Elton John, Cyndi Lauper, Sting, Alanis Morissette, Dave Stewart, Edie Brickell, David Byrne, Fatboy Slim, Bono, ___ Mark Kennedy Organizations: Shubert Theatre, Associated Press, Broadway, of, New York University, Yorker, Guardian Locations: Chad, New York City, Toledo , Ohio, New York, Moulin Rouge

☆ Meet Allison Greenfield, the law clerk driving Trump bonkers at his fraud trial
▼ + stars: | 2023-12-03 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +18 min

In Donald Trump's civil fraud trial, however, his attorneys have spent a disproportionate amount of time — and ire — on Allison Greenfield, the judge's principal law clerk. Notes and whispersDuring the trial, Greenfield is quiet. AP Photo/Seth WenigBecause of the enormous public interest in the Trump trial, it's held in the New York civil court's large ceremonial courtroom. AdvertisementEarly in the trial, Engoron issued a gag order forbidding Trump — and later his attorneys — from disparaging his staff, including Greenfield, citing numerous threats. A New York Law Department representative said a list of her cases was "not readily available."

Persons: Donald Trump, Arthur Engoron's, Allison Greenfield, —, Donald Trump's, Arthur Engoron, Letitia James, — Engoron, James, Alina Habba, Habba, James didn't, Hillary Clinton, Greenfield, Engoron, Christopher Kise, Clifford Roberts, Jesus M, Suarez, Trump, Chris Kise, Seth Wenig Greenfield, interposes, Alison R, Democratic Sen, Chuck Schumer, Schumer, they're, Seth Wenig, it's, It's, Trump's, Ruth B, Kraft, Falcon Rappaport, Berkman, Engoron's, hasn't, she'd, Images Greenfield, George B, Daniels, Bill Clinton, Jaffe & Asher, Gregory Galterio, Jaffe, Cardozo, Johnny Depp, Amber Heard, Anna Sorokin, Anna Delvey, Sorokin, Donald Trump Jr, Brendan McDermid, he's, — Greenfield, Greenfield didn't, Kise, Laura Italiano Organizations: Service, New, Trump —, Trump Organization, AP, Democrat, Republican Party, Democratic, Trump, Falcon, Truth, Images, Cardozo School of Law, New York University, US, Jaffe &, New York Police Department, New York Law, Engoron, American Civil Liberties Union, Business, Democratic Party, West Side Democrats, Grand Street Democrats, Hell's, Democrats, Village Independent Locations: Greenfield, New, Manhattan, New York, Engoron, York, SLU

☆ ChatGPT is already stealing work from freelancers
▼ + stars: | 2023-12-02 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

The popularity of ChatGPT has already led to lower earnings for some Upwork and Fiverr freelancers. AdvertisementLast year, a record 39% of the US workforce did freelance work , per the freelance platform Upwork. It's not just Upwork freelancers who are earning less. He said he's seen some freelancers' earnings fall from roughly $2,500 to $3,000 per month to around $1,000 today. Some freelancers have found work as AI content editors, which often involves editing, fact-checking, and giving a human touch to clients' AI-generated content.

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He has admitted fabricating much of his biography, and federal prosecutors accuse him of laundering campaign funds and defrauding donors. At least 77 Republicans, along with the chamber's 213 Democrats, will have to vote for expulsion to meet that threshold. House Speaker Mike Johnson told reporters on Wednesday that he had reservations about the vote, but had called on members of his party to "vote their conscience." On the House floor on Thursday, Santos said, "I have been convicted of no crimes. Before Santos' win in 2022, the district was represented by Democrat Tom Suozzi, who unsuccessfully ran for governor.

Persons: George Santos, Elizabeth Frantz, Republican George Santos, Santos, Mike Johnson, Democrat James Traficant, Goldman Sachs, Nick LaLota, Kathy Hochul, Tom Suozzi, Suozzi, Makini Brice, Andy Sullivan, Moira Warburton, Scott Malone, Jonathan Oatis Organizations: Rep, U.S, Capitol, REUTERS, Rights, Republican, U.S . House, Republicans, Santos, Democrat, New York University, Citigroup, Republican Party, White, Democratic New York, Thomson Locations: Washington , U.S, U.S, New York City, Long, OnlyFans, Civil, New York, Washington

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