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California is the second state to ban the practice at private colleges. Legacy preference has been under scrutiny since the Supreme Court's decision on affirmative action. AdvertisementStudents can no longer use their legacy connections to help them get accepted to prestigious California schools like Stanford. The announcement makes California the second state after Maryland to ban legacy preference in admissions at private universities. Related storiesHowever, some colleges have taken proactive steps over the past decade to ban legacy preference in their admissions practices.
Persons: Gavin Newsom, , Newsom, Ethan Poskanzer, Michael Roth, Gabrielle Star, isn't, Phil Ting Organizations: Service, Stanford, Gov, University of Southern, University of Colorado, Wesleyan University, CNN, Pomona College, University of California Locations: California, University of Southern California, Maryland, Boulder, Illinois, Virginia
On PBS, Jamie Dimon described the Buffett Rule as a good idea for clamping down on US debt. AdvertisementJPMorgan CEO Jamie Dimon has put forth a solution to unrestrained US debt: Tax the rich at the same rate as middle-class people, or at a higher rate. It earned its name from the billionaire investor Warren Buffett, who famously criticized the fact that his secretary paid a higher tax rate than he did. If debt remains unchecked amid high interest rates, the government will face higher borrowing costs. AdvertisementOtherwise, higher borrowing costs mean Washington will have less to spend on social initiatives.
Persons: Jamie Dimon, Buffett, , Dimon, Warren Buffett, Peter G Organizations: PBS, Service, Congressional, Peterson, Democrats, Republicans Locations: Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf the Fed is truly data-dependent, it wouldn't have cut interest rate in September: StrategistKomal Sri-kumar of Sri-Kumar Global Strategies says the labor market data and inflation figures suggest the Fed shouldn't have cut the interest rates in the September meeting.
Persons: Komal, kumar Organizations: Sri, Kumar
You shouldn't prioritize more than three things at a time, says Laura Mae Martin, Google's executive productivity advisor. Every three months is a good time to reassess your three key priorities in life, but being selective about those areas requires a tradeoff mentality, she said. Highlight your calendarFirst, it's important to define your priorities and evaluate whether your actions reflect those intentions. Spend a week doing certain activities at a specific time and then the following week change that up to see what works best for you. Over time, you can use your journal to observe patterns that reveal the conditions that allow you to work optimally.
Persons: Laura Mae Martin, Martin, Let's, advisees, you've Organizations: Google
A judge has allowed a defamation lawsuit against Netflix's 'Baby Reindeer' to move forward. AdvertisementA judge has said that "Baby Reindeer" was wrongly labeled as a "true story," opening the way for a defamation lawsuit from the real-life "Martha" portrayed in the show to proceed. "Baby Reindeer" — a massive hit for Netflix — was first released in April. Jessica Gunning as Martha Scott in "Baby Reindeer" and Fiona Harvey on "Piers Morgan Uncensored." Related stories"Believing the series to be true, viewers immediately got to work trying to identify the real Martha," it added.
Persons: Netflix's, Fiona Harvey, Martha, Harvey, , Richard Gadd, Netflix —, Gadd, it's, Donny Dunn, Martha Scott, Jessica Gunning, Piers Morgan, Gary Klausner, Klausner's, Ed Miller, Dunn, Harvey —, Klausner Organizations: Netflix, Service, Sunday Times
Some of it had to do with the old joke being that Best Buy was nothing but an Amazon showroom. CEO Corie Barry is a no-nonsense heavyweight who mastered the supply chain for Best Buy during the pandemic. As the JPMorgan recent upgrade on Best Buy said, most investors don't realize how awful this period has been for Best Buy. It doesn't hurt, of course that Best Buy has a substantial dividend — 3.68%, down from 4% and 5% when we were buying it. We have watched Eaton and Dover go higher and that was without the rate cycle, just with the data center.
Persons: Stanley Black, Decker, , couldn't, Corie Barry, Barry, don't, It's, Stanley, Trump, Helene, Hock Tan, Marc Benioff, Mike Sievert, Blackwell, Jim Cramer's, Jim Cramer, Jim, Melissa Repko Organizations: Empire, Circuit, Intel, HP Inc, HP, JPMorgan, Williams, Dick's Sporting Goods, Abercrombie, Fitch, Depot, Procter, Gamble, Linde, Honeywell, Quantum Computing, Tech, Broadcom, VMWare, Elon, Mobile, Nvidia, Jim Cramer's Charitable, CNBC, Microsoft Locations: Sonoma, Covid, China, Lowe's, Eaton, Dover, San Francisco, Secaucus, N.J
He's a quant fund manager who uses hundreds of models to execute trades across multiple assets. And he's good at what he does: in the 2023 World Cup Championship of Futures Trading, Scherman finished first with a 491.4% return, according to competition records. I was trading in the Argentina market," Scherman said. This is because a trader can't predict the next market regime and must prove that their thesis can survive changes. "I need to have the capital to recover from that loss," Scherman said.
Persons: Ivan Scherman, , Scherman, hadn't, David Aronson, shouldn't, it's Organizations: Futures, Service, New York Stock Exchange, Chicago Mercantile Exchange, University of Buenos, Argentine Financial Markets Institute Locations: Buenos Aires, Argentina, University of Buenos Aires
Actress Dame Maggie Smith arrives at the Royal Film Performance and World Premiere of the film, "The Second Best Exotic Marigold Hotel", at Leicester Square, London February 17, 2015. Smith's sons, Chris Larkin and Toby Stephens, said in a statement that Smith died early Friday in a London hospital. You have to get up very, very early in the morning to outwit Maggie Smith." "Jean Brodie," in which she played a dangerously charismatic Edinburgh schoolteacher, brought her the Academy Award for best actress, and the British Academy Film Award (BAFTA) as well in 1969. English actress Maggie Smith, UK, 8th March 1974.
Persons: Dame Maggie Smith, Peter Nicholls, Maggie Smith, Miss Jean Brodie, dowager Countess of Grantham, Minerva McGonagall, Harry Potter, Smith's, Chris Larkin, Toby Stephens, Smith, Clair Dobbs, Vanessa Redgrave, Judi Dench, Smith drily, McGonagall, Richard Eyre, I've, Jean Brodie, Oscar, Judith Hearne, Mussolini, Tony, " Smith, Richard Burton, Peter Hall, Frank Rich, Coward, Wilde, Noel Coward's, It's, Margaret Natalie Smith, one's, Maggie, Margaret Smith, Laurence Olivier, Joyce Redman, Emilia, Desdemona, Stuart Burge's, Shakespeare's Organizations: Leicester Square, British Academy Film Award, Vaudeville Theatre, Getty, Golden Globes, Globe, New York Times, Oxford Playhouse School, National Theatre, Shepperton Studios, Moviepix Locations: Leicester, London, Downton, British, Edinburgh, Hay, Ilford, Oxford, Surrey
Read previewRussia is tapping China to build long-range attack drones for use in its war against Ukraine, Reuters reported. The report stated that Russia had created a secret weapons program in China, citing documents as well as two unnamed sources from a European intelligence agency. AdvertisementBut prior to the Reuters report, it was thought that China stopped short of transferring entire weapons systems to Russia. "Let's be absolutely clear about it: China does not want Russia to lose this war," Nixey said. AdvertisementThe war, he said, "is a symbol and a forebear of Western ability, Western spine, Western political will to defend the rules-based international order."
Persons: , IEMZ, Kupol, G3s, James Nixey, shouldn't, Nixey, Kurt Campbell, Sari Arho Havrén, NATO's, Farah Dakhlallah, Dakhlallah Organizations: Service, Ukraine, Reuters, Business, Russian Ministry of Defence, US, Royal United Services Institute Locations: Russia, China, Russia's, Ukraine, Russian, Izhevsk, Eurasia, Brussels, Europe
Love it, hate it or wished it stayed under wraps, the secret on coffee badging is out, and not everyone is a fan. Some have faced repercussions: 70% of workers said they've been caught coffee badging by their bosses, and 16% are now required to be in the office for the full day. "There shouldn't be a negative connotation to coffee badging," says Frank Weishaupt, CEO of Owl Labs, who says he does it too. Being strategic about in-office time means "you're meeting with your colleagues, you're mentoring employees, you're being mentored or you're doing other collaboration activities," he says. Coffee badging, on the other hand, can boost productivity, he says, by inspiring teams to audit their calendars and be intentional about their in-person collaboration versus independent work time.
Persons: they've, doesn't, Frank Weishaupt, Weishaupt, he's Organizations: Owl Labs, CNBC
OpenAI bleeds C-suite executivesAs OpenAI chases a massive fundraising round, the startup continues to deal with a staff exodus. The nonprofit side of OpenAI will still exist and have a minority stake in the for-profit company, the sources told Reuters. "Given the ambitions of OpenAI, a non-profit structure has been too constraining. AdvertisementThe debate over whether OpenAI should be a for-profit company has been a bone of contention for one very vocal tech industry bigwig — Elon Musk. Park, the corporate law expert, told BI that the for-profit governance structure could also leave OpenAI vulnerable to greater government scrutiny.
Persons: , OpenAI, Mira Murati, Sam Altman's, Murati, Barret Zoph, Bob McGrew, Altman, Greg Brockman, Wojciech Zaremba, Brockman, Ilya Sutskever, John Schulman, Peter Deng, Sutskever, James, I'd, Slack, Gene Munster, She's, Mira, — Elon, Musk, Gary Marcus, Marcus, Musk's, Mark Zuckerberg, xAI, Sam Altman, Munster Organizations: Service, Technology, Business, Microsoft, Nvidia, Wired, University of California, OpenAI, Bloomberg, Deepwater Asset Management, Reuters, Intelligence, Guardian, Meta Locations: It's, OpenAI, Los Angeles
Even celebrities like Tom Brady and Cat Power have joined the "Goodbye Meta AI" movement. AdvertisementCan the "Goodbye Meta AI" copypasta that's been floating around Instagram Stories — even getting posted by celebrities like Tom Brady, Cat Power, and James McAvoy — actually stop Meta from using people's data to help train AI? The "Goodbye Meta AI" copypasta that's been floating around Instagram. I know you're giving away Llama, but you've got Meta AI. When it comes to using people's Facebook or Instagram posts to train AI, people could have reason to feel uncomfortable.
Persons: Tom Brady, Power, , Cat Power, James McAvoy —, that's, Meta, Instagram, they're, Alex Health, Mark Zuckerberg, didn't, it's, you've, Zuckerberg Organizations: Service, Facebook, Meta Locations: Instagram
Sometimes status at work is based on the "right" things, like having relevant skills or past experience. Note: Don't ask, "Do I have status here?" It's a vague-sounding question, and you might not get an honest answer because the person you're asking may think it's rude to say no. Your workplace has experienced a major joltSometimes you fail to get promoted because a jolt has disrupted the status hierarchy. If you've experienced a jolt at work: Don't shoot yourself in the foot.
Persons: New York University who's, I've, you've, doesn't, it's, Tessa West, Tessa Organizations: New York University, Twitter
It's been a wild 24 hours at OpenAI. Meanwhile, CEO Sam Altman said Thursday the exec departures were unrelated to restructuring talks. AdvertisementIt's been a wild 24 hours at OpenAI, with three high-level execs leaving the company — including CTO Mira Murati — and reports it's restructuring as a for-profit benefit corporation. Speaking at Italian Tech Week Thursday, OpenAI CEO Sam Altman said the executive departures and restructuring talks were unrelated. "I obviously won't pretend it's natural for this one to be so abrupt, but we are not a normal company," he wrote.
Persons: It's, Sam Altman, , Mira Murati —, Sam Altman's, execs, Altman, Elon Musk, Gary Marcus —, Altman —, Sora hasn't, Marcus, Nicolas Miailhe, Miailhe, I've, it's, Mark Chen, Bob McGrew Organizations: Service, Italian Tech, OpenAI, Bloomberg, Reuters, Geometric Intelligence, Future Society Locations:
You should discuss kids before you agree to spend your life with your partner. You should discuss kids. What do you envision would be your ideal version of that for if you do want to become a parent?" Bejar also says it's a good idea to spend time with children as a couple if you can. "If you have a sibling or a friend with kids and they need some time away and they trust you with their kids, spend some time with them," she said.
Persons: AJ Watt, Landis, AisleTalk, Bejar Organizations: Getty
Business Insider spoke to three nail artists about things to avoid after getting a manicure. If your nail extensions start to lift, seek out a nail professional ASAP. Go to newsletter preferences Thanks for signing up! Business Insider asked three nail artists about things people shouldn't do after getting a manicure if they want to make the polish last and protect their nail health. This story is available exclusively to Business Insider subscribers.
Persons: mani, Organizations: Service, Business
Unless the economic outlook changes, mortgage rates may hold steady for the rest of 2024. If they were to weaken unexpectedly, that could spur the Fed to cut rates more aggressively, which in turn could push mortgage rates down further. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.
Persons: you'll, They've, they've, Freddie Mac, it's, Fannie Mae Organizations: Fed, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: Chevron
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Switching focus periodically"There's an amount of training that's going to help you get strong. There's an amount of training that's going to help you to lean out (with nutrition and everything too). And then there's an amount that's going to help you to perform at the highest levels of human performance," Molloy, who works with Olympians and professional CrossFit athletes, said. Molloy said many elite athletes essentially trade long-term health for elite performance, experiences, and, in some sports, "a boatload of money."
Persons: , Mike Molloy, CrossFit, Molloy, Tyler Le, " Molloy Organizations: Service, , Business Locations: Silicon
Bowing to investor pressure, Salesforce has adopted a more disciplined approach to dealmaking, increasing the importance of internal product development. "Agentforce is the product announcement [Salesforce] investors have sought for years," Needham analysts wrote in a recent note to clients. Salesforce stock remains down about 13% from its 2024 peak close and record high of $316.88 a share on March 1. CRM 1Y mountain Salesforce's stock over the past 12 months. Analysts said Salesforce is cheap compared to peers on multiple valuation metrics with ample room to increase free cash flow ahead.
Persons: Salesforce, Jim Cramer, Agentforce, Mulesoft, Needham, Einstein, , Jim, Bofa, Baird, Piper Sandler, Piper, Jim Cramer's, Marc Benioff, Salesforce's Dreamforce, Justin Sullivan Organizations: Wall Street, Nasdaq, Barclays, Saks, Investors, Bank of America, CNBC, Getty Locations: Dreamforce, San Francisco, San Francisco , California
The 36-year-old business coach said she's been gearing up for an "inevitable shift" in how work will operate since 2014. Upwork's latest data shows that nearly 64 million Americans — representing nearly 40% of the entire US workforce — have undertaken freelance work. Stats like these further reiterate the growing recognition of the importance of having multiple income streams. Dixon also uses this strategy in her freelance career. People without side hustles could struggleUltimately, Dixon stands by the idea that everyone should have a side hustle.
Persons: , Reid Hoffman, Hannah Dixon, Dixon, she's, She's, It's, it's Organizations: Service, Twitter, Business
But two experts say the uber-wealthy are often huge contributors to society — and trying to eliminate them could badly backfire. It's become increasingly popular to make claims such as "billionaires shouldn't exist" and "any billionaire is a policy failure." But these moral criticisms of billionaires are unconvincing because people overstate billionaires' power and influence and overlook the benefits of some billionaires. There's a widespread belief that governments should tax billionaires primarily and spend that money on public goods and anti-poverty programs. Instead of saying that every billionaire is a policy failure, we should instead embrace the idea that every billionaire is a policy success.
Persons: Critics, , Jessica Flanigan, Richard L, Chris Freiman, It's, Elon Musk, Jeff Bezos, Steve Jobs, Jobs, Bezos, Warren Buffett, isn't, Taylor Swift, LeBron James Organizations: Service, Morril, University of Richmond, West Virginia University, Business Locations: multimillionaires
The recent data breach that exposed the sensitive information of some 300,000 Avis customers highlighted some critical vulnerabilities within the rental car industry. Yet, there's another, often overlooked security risk when drivers use a rental car: the personal data you unknowingly leave behind when syncing your mobile device to a rental car's infotainment system. Privacy policies say the customer is responsibleExperts agree that car rental companies need to start implementing best practices to better protect customers. Despite this, many rental companies lag in applying adequate protections. When you read those car rental agreements, they say you leave the data in the car, it's your problem.
Persons: Ford's, Biden, Andrea Amico, Privacy4Cars, James Hajjar, Hajjar, you've, Clyde Williamson, John Price, Yashin Manraj Organizations: Avis, Hartford, Enterprise, Pvotal Technologies, Android, Apple Locations: U.S, Protegrity
OpenAI CTO Mira Murati announces she's leaving the company
  + stars: | 2024-09-25 | by ( Hayden Field | ) www.cnbc.com   time to read: +3 min
Mira Murati, chief technology officer of OpenAI, during an interview on "The Circuit with Emily Chang" in San Francisco on April 4, 2023. OpenAI Chief Technology Officer Mira Murati said Wednesday that she is leaving the company after six and a half years. Murati also wrote that she is "stepping away because I want to create the time and space to do my own exploration. Murati became a well-known name when OpenAI's board abruptly ousted CEO Sam Altman last November and Murati was named interim CEO. Days later, Altman was back at the company and Murati moved back to her former role as CTO.
Persons: Mira Murati, Emily Chang, There's, Ilya Sutskever, Jan Leike, John Schulman, Anthropic, Murati, OpenAI, Sam Altman, OpenAI's, Altman, Sutskever, Helen Toner, Tasha McCauley Organizations: OpenAI, Reuters, Microsoft, Tiger Global, Nvidia, Apple, Tech, Street Locations: San Francisco, OpenAI
Ayesha Ofori is a former Goldman Sachs wealth advisor who quit her high-profile job to resolve Britain's gender wealth gap, after realizing she had spent her career making rich men even richer. Ofori is the 40-year-old founder and CEO of female-focused financial investment platform, Propelle, which launched on Wednesday. Britain's gender investment gap currently stands at £567 billion — an increase of £54 billion between January 2023 and January 2024 — according to data from British financial research company Boring Money which surveyed over 6,000 adults in the U.K. It found that men have £1.01 trillion invested compared with £450 billion for women. The gender pensions gap refers to the differences in retirement income or retirement wealth between men and women.
Persons: Ayesha Ofori, Goldman Sachs, Propelle, Ofori, Stefan Bollinger, Julius Baer, Lucy Demery, Goldman, wasn't, I'd, isn't Organizations: Goldman, Vanguard, Blackrock, HSBC, Google, CNBC, Barclays, Ofori Locations: Prospect, British
As things stand, Intel is the only US chip firm with plants, known as fabs, that are capable of making advanced semiconductors. TSMC is set to open a fab in Arizona next year, while reports suggest Sam Altman is seeking to raise funds to create chip manufacturing plants. Intel's customers in China include Alibaba and TikTok parent company ByteDance, which have been subject to scrutiny from the US government. "Intel's ties to key businesses in China are typical for a high-tech firm," he said. As Intel and the US consider plans to increase manufacturing capacity at home, the company's China ties will loom large in the global chip race.
Persons: , Joe Biden, Biden, Forrester's, Alvin Nguyen, HWA CHENG, Sam Altman, Pat Gelsinger, Gelsinger, Forrester's Nguyen, it's, Stacy Rasgon, Bernstein, Rasgon Organizations: Service, Intel, Business, Qualcomm, Street Journal, Bloomberg, China Intel, HWA, Getty, Nvidia, AMD, New York Times, The Times, South Korea's SK Hynix, Intel Capital, Financial, Financial Times, Yahoo Locations: chipmaking, Washington, Intel's Arizona, China, AFP, Taiwan, Arizona , New Mexico, Oregon, Arizona, Chengdu, Dalian, South, Beijing
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