Author: arthursheikin@gmail.com

[ad_1] JPMorgan has always been big on tech — an initiative on full display at its new Manhattan headquarters.America’s biggest bank by assets has been promising that its new office tower at 270 Park Avenue will be loaded with “intelligent technology” since it announced the project in 2022. New details of the $3 billion project obtained by Business Insider reveal just how tech-forward the building will be.The 14,000 employees who will be housed at the New York tower will be able to activate coffee machines using QR codes and swipe into the building using biometric palm scanners. Want to preorder…

[ad_1] Wall Street bigwigs, major investors, stock analysts, and economists agree on very little these days. Whether it’s about technical levels, recession indicators, or the yield curve, everyone seems to have a different outlook for the economy and markets. One of the few points of consensus, however, is the fundamental importance of the job market.It’s not a particularly revelatory stance: A vast majority of Americans rely on employment as their primary income, and when Americans make money, they spend money. Given that about 70% of economic output is generated through consumer spending, if a bunch of people lose their jobs,…

[ad_1] OpenAI CEO Sam Altman said China’s open-source models drove the company to release its open-weight models earlier this month.”It was clear that if we didn’t do it, the world was gonna be mostly built on Chinese open-source models,” Altman said during a media briefing CNBC reported on Monday.”That was a factor in our decision, for sure. Wasn’t the only one, but that loomed large,” he added.OpenAI did not respond to a request for comment from Business Insider.OpenAI released two open-weight models, gpt-oss-120b and gpt-oss-20b, on August 5. The former is designed for high-end computers, while the latter is meant…

[ad_1] OpenAI today launched a new, cheaper ChatGPT paid subscription plan in India called ChatGPT GO, priced at ₹399 per month ($4.60), which is more affordable than the ₹1,999 (about $23) per month Plus Plan. The company had turned on local currency pricing for all its plans a few days ago, and with this launch, it will also allow users to pay through UPI (Unified Payment Interface), India’s payment framework. Nick Turley, VP at OpenAI and head of ChatGPT, said that this plan will increase the message, image generation, and file uploads by 10 times over the free tier. The…

[ad_1] This as-told-to essay is based on a conversation with Kennedy Liu, 25, a Chinese American now living in Shenzhen. His words have been edited for length and clarity.I was born in Beijing and moved to California when I was 11. Now, at 25, I’ve chosen to grow my career in China.Even before the move, I knew my family was different. In China, most kids I knew were taking extra prep classes — I wasn’t. My parents focused on developing my personal interests, things like electronics, painting, and crafts.When we first arrived in San Jose, my mom, younger brother, and…

[ad_1] 2025-08-19T00:07:55Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. SoftBank is investing $2 billion in Intel common stock, paying $23 per share. The investment aligns with SoftBank’s focus on AI and semiconductor expansion in the US. Intel’s stock rose after-hours following the announcement. SoftBank is betting big on semiconductors in the age of AI.The investment holding company…

[ad_1] Goldman Sachs’ chief strategy officer for global banking and markets named five-year Treasurys when asked for his “favorite trade” ahead of potential interest rate cuts next month.In a Friday episode of the investment bank’s “The Markets” podcast, Josh Schiffrin said that short-dated government bonds were his preferred option when Mike Washington, managing director of equities sales trading, asked for his “favorite trade” across “all asset classes.””I think of valuations with five-year sector Treasurys in the 3.75 to 4% zone as attractive,” Schiffrin said.”I also think they have good characteristics to protect, should there be risk market weakness,” he added.The…

[ad_1] MSNBC is getting a new name and logo — and insiders say employee group chats are buzzing about what the rebrand means for the network’s future.The left-leaning cable TV network will soon be known as MS NOW — My Source News Opinion World — the company told staffers in a memo on Monday morning. This rebrand comes as MSNBC prepares to spin off to a new company called Versant later this year, along with Comcast’s other cable channels (except Bravo).Several of MSNBC’s biggest stars expressed support for the brand refresh.Joe Scarborough said on air Tuesday that the new logo…

[ad_1] 2025-08-18T20:41:56Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Starbucks plans to give salaried workers a 2% raise this year. The pay bump applies to some Starbucks employees, from those at Seattle HQ to store managers. Previously, managers weighed in on what kind of raise these employees would get. Starbucks plans to give salaried employees from store…

[ad_1] Palo Alto Networks will post earnings Monday afternoon and a buying opportunity may emerge, according to Michael Landsberg, investment chief at Landsberg Bennett Private Wealth Management. Investors should be ready to snap up the stock if it sees some pressure following the results, he said. Landsberg joined CNBC’s ” Power Check ” Monday to offer his insights on Palo Alto and a couple other trending stock stories. Here is what he had to say. Palo Alto Networks Shares of the cybersecurity company have seen meaningful weakness in recent months, pulling back more than 15% over the past six. Landsberg…