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01-07-2025
- Business
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Businesses are scrambling to keep themselves safe against AI's evolving threats
This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Good morning. Elon Musk and Donald Trump aren't done fighting over the president's "Big Beautiful Bill" — and Musk came out swinging last night. Writing on X, Musk said if the "insane spending bill" passes, he'll form a new political party (can you guess what it would be called?). In response, Trump suggested that DOGE look into slashing government contracts with Musk's companies. "Without subsidies, Elon would probably have to close up shop and head back home to South Africa," Trump wrote on Truth Social. Here's the latest. In today's big story, watch out for fake job candidates, fake recruiters, and fake sales. America's small business owners are being swamped by scammers. Before I continue, sign up for Defense Flash, BI's weekly digest on the latest innovations and strategies in modern warfare, the defense tech industry, and more — launching soon. Sign up here. What's on deck Markets: Why Morgan Stanley is predicting potential stock market highs in the second half of the year. Tech: Mira Murati's secretive AI startup is offering $450,000+ salaries to lock in top talent. Business: Apple's "F1" movie got the no. 1 spot at the box office — but that might be a one-off. But first, something seems suspicious …If you fall for it, the consequences can be devastating. Last year, a finance clerk at the engineering firm Arup joined a video call with people he believed were his colleagues. It turned out that each of the attendees was a deepfake recreation of a real coworker — including the company's finance chief. Convinced by the ruse, the clerk approved over $25 million in overseas transfers. Scams like this are becoming more common. Since ChatGPT burst onto the scene, online businesses have had to navigate a rapidly expanding deepfake economy. In the past year alone, GenAI-enabled scams have quadrupled, according to the platform Chainabuse. BI spoke with professionals in several industries — including recruitment, graphic design, publishing, and healthcare — who are scrambling to keep themselves and their customers safe against AI's ever-evolving threats. Many feel like they're playing an endless game of whack-a-mole, Shubham Agarwal writes for BI. Now, the moles are multiplying and getting smarter. You would never be fooled, right? Don't be so sure. The VP of strategy at a cybersecurity firm said GenAI tools now allow a novice with cheap programs and little technical know-how to clone a brand's image and write flawless scam messages within minutes. Agarwal put this to the test using a tool called Llama Press. Sure enough, they created a near-perfect clone of an online store — and personalized it with just a few lines of instruction. BI's Amanda Hoover was also able to deepfake her own bank with relative ease. All it took was an AI voice generator and a phone call. While platforms like Teams and Zoom are getting better at detecting deepfakes, they can also create a problem. The data these platforms collect on what's fake could ultimately be used to train more sophisticated GenAI models, the CEO of a cybersecurity firm told BI. 1. AI is speeding up the slow investment game. Fundamental investors are known for taking a slow and methodical approach to their investing, but AI is about to change all of that. Three firms using the tech share how it's transforming their investment processes. 2. A market vet forecasts the S&P 500 breaking 10,000 by the end of the decade. Ed Yardeni, a longtime forecaster and the president of Yardeni Research, said stocks are now in "melt-up" mode and the S&P 500 could soar 60% by 2030. 3. The stock market's secret weapon. Earnings revisions breadth, or the number of analysts who are raising their estimates minus those lowering them, has improved significantly in recent months. Morgan Stanley sees that as powering further market gains. 1. Tech's most powerful relationship is on the rocks. Microsoft is OpenAI's biggest investor, but tensions over the terms of their partnership are boiling over. Money and equity are huge sticking points, and they're also beefing over AGI and OpenAI's acquisition of a Copilot competitor. 2. Mira Murati's startup is paying top dollar to win the AI arms race. Murati's Thinking Machines Lab is paying two members of its technical team $450,000 in salary, and another is getting $500,000, according to federal data obtained by BI. That's a lot more than the average salaries offered to technical talent by OpenAI and Anthropic, Murati's top competitors. 3. Here's what that $14 billion hire is doing at Meta. Alexandr Wang, the 28-year-old Scale AI founder Mark Zuckerberg hired last month, will be coleading Meta's new superintelligence lab with former GitHub CEO Nat Friedman. Read the memo announcing their roles. 1. Lululemon is suing Costco. The athleisure brand is accusing Costco of creating "confusingly similar" dupes of its yoga jackets and chinos. Lululemon is asking for damages in the form of lost profits and compensation for patent infringement, but it's not the first time the brand has accused a company of copyright infringement. 2. Apple's "F1" has a special sauce of epic proportions. The racing movie got a huge boost from Imax, which said on Monday it made up 19% of the film's global box office sales. Imax tickets cost more, helping Apple beat box office expectations — but that boost might not apply for other films down the line. 3. What GOP senators changed in Trump's "Big Beautiful Bill." Senate Republicans altered a controversial provision, discouraging states from regulating AI for five years instead of the originally written 10. The bill is making its way through the legislature, much to Elon Musk's dismay: on X, he vowed to defeat Republicans who back it "if it is the last thing I do." Private equity giant TPG halts early recruiting. A team of engineers saved Morgan Stanley more than 280,000 hours this year. The bank says their tool won't take jobs. Emily Sundberg got laid off at Meta. Now her Feed Me is a thriving one-person media business. GOP senators water down controversial AI provision in Trump's 'Big Beautiful Bill.' See Trump's handwritten note to Jerome Powell complaining about interest rates. Crypto could soon help more people get a mortgage — but market experts see two risks. Kevin O'Leary's advice for 21-year-old entrepreneurs who don't know where to start. Self-made billionaire John Calamos says young people need to hustle — and have a mission in life — to be successful. Settlement between NCAA and college athletes goes into effect, allowing colleges to compensate athletes directly for using their name, image, and likeness (NIL). Jerome Powell speaks at ECB Forum on Central Banking in Sintra, Portugal. New York mayoral Democratic primary election results expected. Hallam Bullock, senior editor, in London. Meghan Morris, bureau chief, in Singapore. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Akin Oyedele, deputy editor, in New York. Ella Hopkins, associate editor, in London. Dan DeFrancesco, deputy editor and anchor, in New York (on parental leave). Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-06-2025
- Business
- Yahoo
Even the people building AI can't keep their jobs safe from it
This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Artificial intelligence's impact is so big that even the people building it aren't safe. Amazon CEO Andy Jassy said AI will change the tech giant's workflow and generate "efficiency gains" that will ultimately "reduce our total corporate workforce." Put more bluntly: AI means we'll need less of you to keep things running. The message wasn't well received by many Amazon employees, BI's Eugene Kim reports. "There is nothing more motivating on a Tuesday than reading that your job will be replaced by AI in a few years," one person wrote in an internal Slack channel viewed by Eugene. Tech executives haven't been shy about firing off their predictions regarding AI's impact on the labor market this year, as Sarah E. Needleman has previously covered. But Jassy is one of the first Big Tech CEOs to discuss AI's impact on his own workforce. Jassy's statement, which you can read in full here, was light on specifics about when or where those cuts might occur beyond saying it'll happen "in the next few years." Instead, he highlighted Amazon's progress with AI and the critical role he sees AI agents playing in its future. These AI-powered assistants will "change the scope and speed" at which Amazon can work and "allow us to start almost everything from a more advanced starting point," Jassy wrote. Ultimately, AI agents are all about allowing people to work more efficiently. And if the past few years have taught us anything, the tech industry loves efficiency. Career coaches told BI that Jassy's advice isn't just an aspiration — it's realistic. So while Amazon might be the first Big Tech company to declare AI will lead to job cuts, it likely won't be the last. So what should Amazonians — their term, not mine — do to prepare? Jassy's memo mentioned multiple divisions already leveraging AI agents, and the intent to use even more of them in other areas. With that in mind, it's safe to assume almost every corner of Amazon could be upended by AI and face job cuts. That won't soothe any nerves, but Jassy did offer some advice. He encouraged employees to educate themselves on AI and develop ways to streamline things using the tech. "Those who embrace this change, become conversant in AI, help us build and improve our AI capabilities internally and deliver for customers, will be well-positioned to have high impact and help us reinvent the company," Jassy wrote. Translation: Don't think you can just stick your head in the sand, and this will all go away. That advice is bound to rub some people the wrong way. There's no shortage of ethical concerns about using AI, especially in the workplace. But according to Jassy, ignoring it won't get you very far. "Many of these agents have yet to be built, but make no mistake, they're coming, and coming fast," he added. The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Lisa Ryan, executive editor, in New York. Hallam Bullock, senior editor, in London. Grace Lett, editor, in Chicago. Akin Oyedele, deputy editor, in New York. Amanda Yen, associate editor, in New York. Ella Hopkins, associate editor, in London. Elizabeth Casolo, fellow, in Chicago. Read the original article on Business Insider
Yahoo
13-06-2025
- Business
- Yahoo
Breaking down all the recruiting drama rocking the PE industry
This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. A prestigious corner of Wall Street is having a bit of an identity crisis. The private-equity industry is on the cusp of some massive changes to how it recruits young talent. Big-name firms are putting their foot down about the early recruitment of junior bankers, leaving young Wall Streeters scrambling. There's a lot to unpack here, so let's dive in: On-cycle recruiting? Offers for jobs that are two years away? What is going on in private-equity land? Some big-name firms are trying to stop incoming investment-banking analysts from interviewing and accepting future-dated private-equity jobs. JPMorgan formally warned incoming analysts last week that they would be fired if they accepted a PE job offer. PE giant Apollo followed up by informing junior bankers it would hold off on recruiting associates for its 2027 class this year. Then, as BI's Reed Alexander and Emmalyse Brownstein were the first to report, General Atlantic told young bankers that those job offers they had been prepping for won't materialize this year. Wait, these are for jobs two years from now? How does that even work? OK, this is very dumb, but try to stick with me. Private-equity firms hire entry-level talent almost exclusively from investment banks, which train them in dealmaking skills through analyst programs that last two to three years. The trick is that they don't want to wait too long to recruit for fear of missing out on the best talent. That's led to the process, known as on-cycle recruiting, creeping earlier and earlier. Some junior bankers started lining up these PE gigs before even starting their jobs at the banks. And the banks are OK with that? Not really. It's just one of those things you learn to live with, like the dent in your bumper. In theory, the setup should be mutually beneficial. Banks get first crack at undergrad talent and send their alums to firms they hope will turn around and give them business. PE firms get to outsource dealmaking training to banks. So, how did it all go wrong? PE recruiters flew a bit too close to the sun and annoyed the banks enough to get them to react. Over the past three years, the process has crept up from late August in 2022, to late July in 2023, to late June in 2024. This year, there was talk of informal coffee chats starting before some students had even graduated. It's also disruptive, as some juniors were skipping training sessions at work to prep for the PE interviews. But ultimately, the tipping point came down to one man. Who? JPMorgan CEO Jamie Dimon hasn't hidden his annoyance with the practice. The bank's decision to formally threaten termination, as opposed to just discouraging junior bankers from doing it, was definitely a turning point. So what does this all mean? We still have to see how things play out. Pledges from a few firms, as big as they are, don't guarantee anything. But if they do hold, I think it could benefit PE firms by allowing them to draw from a much wider pool of talent. And since it's basically PE's world and we're all just living in it, that should benefit the rest of us. You don't sound entirely convinced … I've seen this play before. Back in 2020, a bunch of PE headhunters made a pact to hold off on recruiting. (Back then, things didn't kick off until the fall.) It wasn't long before one of them broke the truce. Lovely. Anything else? As always, I want to know your thoughts on this stuff. You can email me here. You can also ping Reed, Emmalyse, and Alex Nicoll, who are all following this closely for BI. The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Lisa Ryan, executive editor, in New York. Hallam Bullock, senior editor, in London. Grace Lett, editor, in Chicago. Akin Oyedele, deputy editor, in New York. Amanda Yen, associate editor, in New York. Ella Hopkins, associate editor, in London. Elizabeth Casolo, fellow, in Chicago. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-06-2025
- Business
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The Trump-Musk bromance is over. So what comes next?
This post originally appeared in the Business Insider Today newsletter. You can sign up forBusiness Insider's daily newsletter here. Happy Friday! What do you get when you mix Pokémon-like trading cards with K-pop? A collectible that's big business. BI's Cheryl Teh describes the photo trading cards, known as "boy paper," as "a blood sport that's equal parts lottery and enterprise." In today's big story, the historic relationship between President Donald Trump and Elon Musk dramatically imploded. What's on deck Markets: JPMorgan just put its foot down against its new junior bankers hunting for PE jobs. Tech: At NY Tech Week, the talk of the town was … the town. Business: Inside a wild three days at the world's biggest bitcoin party. But first, no love a toddler determined to pour their own milk, the Trump-Musk relationship seemed destined to crash. On Thursday, the proverbial glass finally spilled. President Donald Trump responded to Elon Musk's ongoing attacks on his "Big Beautiful Bill," saying he had a "great relationship" with the billionaire but that, "I don't know if we will anymore." Trump suggested to reporters that Musk's motivation was self-interest, citing the bill's phase-out of the electric vehicle tax credit that could negatively impact Tesla. The billionaire quickly fired back on X that his focus was the bill fueling the country's growing deficit. The rest, as they say, is history. Both men's attacks grew increasingly hostile. Musk, who spent almost $300 million on the 2024 election, took credit for Trump's win. Trump threatened to cancel Musk's government contracts, describing it as the "easiest way to save money in our budget." Not to be outdone, Musk said SpaceX would decommission its Dragon spacecraft. Five hours later, he appeared to walk back the decision in response to an X user. Musk also went after Trump's tariffs, saying they will cause a recession later this year. As BI's Peter Kafka pointed out, much of the fight took place between the two combatants' social platforms of choice: X (Musk) and Truth Social (Trump). Regardless of what's fueling Musk (we had some theories earlier this week), the impact on at least one of his businesses is already clear. Tesla gave back much of the gains accumulated in May. On Thursday alone, the stock fell 14%. Still, there's no point crying over spilled milk. Despite the split, both men remain two of the world's most powerful people. Which raises the question: Where do we go from here? Here are three big questions in the aftermath of the Trump-Musk breakup. Who gets the "kids" in the divorce? Both men have deep fan bases whose devotion rivals just about anyone's supporters. (Yes, that includes the Swifties and the BeyHive.) But there is also plenty of overlap between Team MAGA and the Elon acolytes. If things remain contentious between the two sides, will fans of both feel forced to pick a side? And if they do, who will come out on top? Is a reconciliation still on the table? White House aides have scheduled a call on Friday with Musk, Politico reported. Bill Ackman and Ye took to X to urge the duo to end their public feud. As brutal as the attacks have been, both men have traded barbs before. Back in 2022, Trump called Musk a "bullshit artist" while Musk said the then-former president shouldn't run for reelection and instead "hang up his hat & sail into the sunset." Fighting with Trump doesn't mean the person is on the outs forever, though. Just look at Secretary of State Marco Rubio. What happens to Musk's political allegiance? If Trump and Musk can't mend their relationship, the Tesla CEO could be without a political home. The GOP remains firmly in Trump's grasp, and Democrats seem highly unlikely to welcome Musk into their ranks. (And who's to say Musk would want to join them.) Perhaps sensing his potential future as a political nomad, Musk asked his X followers if it's time for a new party "that actually represents the 80% in the middle." It appears he already has one constituent: Mark Cuban. Here's what other business leaders had to say about the fallout. 1. JPMorgan's stern warning for junior bankers. Analysts who accept a "future-dated job offer" within their first 18 months of employment will be terminated if discovered, the firm said in a memo sent on Wednesday. It's an escalation of CEO Jamie Dimon's ongoing criticism of private equity's "on-cycle" recruitment process that continues to creep earlier and earlier. 2. Three reasons to bet on Palantir. Shares of Alex Karp's software giant have soared 74% year-to-date, outpacing the broader index and tech stocks to make it the second-best-performing S&P 500 stock of the year. Government deals, AI hype, and retail bullishness have propelled it to new heights. 3. Ken Griffin doesn't get Trump's MO. At the Forbes Iconoclast conference, the Citadel founder and GOP megadonor said he didn't understand why Trump wants to bring manufacturing "jobs that'll never pay much" back to the US. "It's one thing to make Nikes, it's another thing to make F-35 fighters," he said. 1. Meta's AI-driven hiring plan revealed. The company is planning to automate key parts of its job recruitment process, like testing coding skills and assisting interviewers with question prompts, per an internal document obtained by BI. It'll also use AI to evaluate its human interviewers. 2. Googlers behind NotebookLM launch their own AI startup. Last year, NotebookLM went viral with its AI-generated podcasts. Some of the team have since split from Google to work on Huxe, which released an app that leverages users' data to generate daily audio briefings. BI got a sneak peek. 3. New York Tech Week is NYC's pitch to be the new SF. Startup culture may have found a home in the Bay Area, but AI is picking up steam in the Big Apple. For techies, the city's Tech Week happy hours were a far cry from pulling a coding all-nighter. Spicy marg, anyone? 1. Three days at the world's biggest bitcoin party. Some 35,000 attendees gathered in Las Vegas for the Bitcoin Conference, complete with free Zyn, MAGA pride, and an awkward closing keynote. Here's what it was like. 2. How creators make Patreon their podcasting goldmine. Patreon helps creators turn audiences into paying subscribers, and podcasting is the platform's biggest category. Three creators told BI how they use the platform that makes one of them six figures a month. 3. For top business executives' pay, timing is money. Some corporate leaders could be enriching themselves by timing big, market-moving announcements around their scheduled stock options grant days. BI analyzed more than a decade's worth of executive compensation data and found some eye-opening patterns. Amazon cuts jobs in its Books business, internal email shows. Leaked Microsoft org chart shows the team Jay Parikh assembled to lead CoreAI, full of fellow ex-Meta execs. Meet the 'reclusive' tech billionaire making an audacious bid to buy TikTok. Inside Citadel's most selective intern class ever, from where they go to school to what they study. 'We live in a terrarium': Larry Fink on why today's leaders should be 'more guarded.' Content karma catches up to Reddit in its fight with Anthropic. A top consulting firm rips up its traditional billing playbook for the AI era. A US Navy sailor walked BI through what it was like shooting down a small drone with a .50 caliber machine gun. Nine cocktails that will be everywhere this summer, according to bartenders and mixologists. Bureau of Labor Statistics releases monthly employment report. The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York (on parental leave). Hallam Bullock, senior editor, in London. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Lina Batarags, bureau chief, in Singapore. Ella Hopkins, associate editor, in London. Elizabeth Casolo, fellow, in Chicago. Read the original article on Business Insider
Yahoo
30-05-2025
- Business
- Yahoo
Investors were looking for relief from tariffs. Instead, they got more uncertainty.
This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Happy Friday! Have you ever watched a documentary and wondered, How did they get that footage? Jake Gabbard, a BI video producer, described spending two weeks filming the Army's grueling mountain warfare school in Vermont. (The end result, which shows soldiers being trained on mountaineering, cold-weather skills, and high-elevation tactics, is worth a watch, too.) In today's big story, a federal court's ruling against President Donald Trump's tariffs doesn't mean the markets are in the clear. What's on deck Markets: An exclusive interview with Wall Street's Dr. Doom about his early success as a money manager. Tech: Take a look at how much Walmart has previously spent on Azure cloud services. Business: Airbnb CEO Brian Chesky explains why understanding the differences between founders and managers is key. But first, it's all still a bit unclear.A federal court halting the tariff strategy that has tortured the market this year isn't a silver bullet for investors. Major indexes jumped Thursday morning thanks to the US Court of International Trade ruling that President Donald Trump didn't have the power to impose some of his wide-reaching tariffs. Whiplash ensued less than 24 hours later when an appeals court reinstated the tariffs while it reviewed the administration's arguments. Even if Trump's tariffs are ultimately ruled illegal, the risk of a trade war remains. After Wednesday's initial ruling, experts told BI's Christine Ji that Trump has other options that could further sow chaos in an already wild trading environment. Importantly, the entire episode demonstrates the ongoing uncertainty around an issue that has weighed heavily on the market. The constant threat and subsequent pullback of tariffs have proved a challenge for investors in recent months. Citadel's Ken Griffin went as far as saying you'd have been better off keeping your money on the sidelines, which is not the type of thing people who manage money for a living often suggest. Donald Trump, as always, is another X factor. One immediate solution for continuing his trade agenda could be the Trade Act of 1974. I'm sure you're well-versed on that US legislation, but if you aren't, it allows the president to impose tariffs up to 15% for 150 days. If Trump continues his tariff fight in the courts, that'll further complicate trade negotiations. Will a trading partner take the president's threat of tariffs seriously if he might not even have the authority to implement them? Stephanie Roth, chief economist at Wolfe Research, also highlighted to Christine the recently popular TACO trade — Trump Always Chickens Out — as another variable. The notion that he won't commit to harder tariffs, along with the court ruling, could push Trump to double down on his agenda. "There's a possibility he attempts to do some sort of surprise," Roth told Christine. 1. Wall Street's Dr. Doom takes on money management. Bearish economist Nouriel Roubini launched America Atlas Fund in November. Since its inception, the fund is up 4%, outperforming the S&P 500. Here's how it resists volatility. 2. Goldman Sachs is on defense as it faces "disruptive policy" shifts. Amid President Trump's trade war and policies, Goldman President and COO John Waldron said the bank is tamping down risk. For him, tariffs are just one piece of the puzzle, though. 3. What top Tesla investors want from Elon Musk. Now that Musk is leaving Washington, a group of the EV maker's investors drafted a list of requests for the tech billionaire. Items include a 40-hour-per-week commitment to the company and a CEO succession plan. 1. Cleaning up "The Everything Store." A document revealed Amazon's plan — discreetly called the "Bend the Curve" program — to purge at least 24 billion unique product listings from its marketplace. Axing underperforming items can save the company millions in server costs. 2. Microsoft and Walmart are cozier than previously thought. Last week, Microsoft's AI security head accidentally leaked details about its partnership with Walmart. Then, a separate document viewed by BI shows Walmart has spent about $580 million on Microsoft Azure's cloud services between June 2023 and May 2024, which could make it one of Microsoft's biggest cloud customers. 3. One of Nvidia's most important numbers doesn't have a $ attached. Token growth lets the chip giant know how much people are actually using AI and, therefore, its chips. It was a big propeller of Nvidia's Q1 earnings beat, but it's also pretty tricky to track. 1. Mark Zuckerberg and Palmer Luckey are cool now. The foes-turned-friends are teaming up for a US military project, building extended reality gear for soldiers. The Meta-Anduril system, Eagle Eye, will use AI and sensors in headsets and other wearables to enhance vision, Luckey said. 2. How is a business like a baby? Founders are like parents, Airbnb CEO Brian Chesky said on a recent podcast appearance. Chesky said founders have the authority to make big changes and know their metaphorical business baby better than anyone. They also run into two big challenges. 3. The Great Flattening isn't confined to Big Tech. As companies face recession fears and tariff uncertainty, middle managers are at risk. Amazon and Google already announced plans to cut thousands of workers, and now retailers like Walmart are aiming to "remove layers and complexity." Costco is taking a page from Sam's Club's playbook to speed up checkout at warehouses. Tiger Global, more than two years removed from its 56% loss in 2022, walks investors through what's changed — and compares the firm to Rory McIlroy. Starbucks is scaling back one of its popular point perks. Reid Hoffman says AI can't be your friend — and pretending it can is harmful. The taboo colon cancer symptom millennials are afraid to tell their doctors about. At Diddy trial, his consensual-sex defense is undercut by a personal assistant's wrenching rape testimony. Elon Musk's right-hand man is leaving DOGE, too. President Trump delivers remarks at US Steel Corporation Irvin Works. US Commerce Department releases Advance Economic Indicators Report. The Business Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Hallam Bullock, senior editor, in London. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Ella Hopkins, associate editor, in London. Elizabeth Casolo, fellow, in Chicago. 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