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One of the most prominent private equity firms is pulling back on a controversial recruiting practice that has drawn criticism from banking leaders like JPMorgan Chase CEO Jamie Dimon.Apollo, which manages $785 billion in assets, told would-be candidates for its 2027 associate class that it will not participate in recruiting for their cohort this year.The news, communicated via email, was sent by Apollo’s cohead of private equity and head of human capital on Wednesday. Business Insider obtained and reviewed a copy of the memo, which was first reported by Bloomberg.”As you transition to the workforce, we believe you should take…

Harvey Weinstein appears in court in Manhattan for on Thursday, June 5, 2025. Steven Hirsch/New York Post via AP, Pool hide caption toggle caption Steven Hirsch/New York Post via AP, Pool Editor’s note: This story includes descriptions of allegations about sexual assault and rape.  Harvey Weinstein, the era-defining film mogul who became an emblematic villain of the #MeToo movement, was convicted of sex crimes for a second time in New York on Wednesday. Weinstein’s retrial followed a 2020 conviction in New York, which was overturned in 2024 on procedural grounds. The jury’s verdict was split, with Weinstein guilty of one…

Former Starbucks CEO Howard Schultz drinks from a Starbucks mug while testifying before a Senate Health, Education, Labor, and Pensions Committee hearing to answer questions about the company’s compliance with labor law on Capitol Hill in Washington., U.S., March 29, 2023. Julia Nikhinson | ReutersLAS VEGAS, NEV. — Former Starbucks CEO Howard Schultz said Wednesday that he “did a cartwheel” in his living room when current chief executive Brian Niccol first coined his “back to Starbucks” strategy.The enthusiasm from the 71-year-old Starbucks chairman emeritus is a key stamp of approval for Niccol as he tries to lift the company’s slumping sales…

At Comcast, Lisa Harmon, an enterprise account manager, is used to growing revenue and managing client needs. But through the company’s Team Up program, she’s expanding her skills in a new way — by giving back and growing beyond her day job.Through the company’s skills-based volunteer and employee engagement program, Harmon volunteered with Lifting Up Camden’s Youth, an after-school program in Camden, NJ.”This was something completely out of the box for me, finding grant money, reaching out to organizations, and learning how to help philanthropic organizations to drive engagement,” she said. Harmon added that the experience helped her develop public…

2025-06-11T17:10:25Z Share Facebook Email X LinkedIn 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. Disney and NBCUniversal sued the AI company Midjourney, alleging copyright infringement. The lawsuit claims the tech creates unauthorized copies of works ranging from Star Wars to The Simpsons. Hollywood has been cautious about AI, fearing its misuse, but investors see cost-cutting potential. Hollywood is taking aim at the AI image generator Midjourney.On…

If you’ve spent any time in the overlapping Venn diagram of astrology fanatics, wellness gurus, and millennials who browse Zillow for fun, then you’ve probably encountered whispers — or rather, full-blown TikToks — about astrocartography.This niche brand of astrology, first developed in the 1970s by an American astrologer named Jim Lewis, is part of today’s $2.3 billion psychic-services industry.All you need is the date, time, and place of your birth, and a professional reader will overlay your birth chart onto a world map, identifying the exact position of the planets the moment you entered the world.Astrocartography uses those planetary lines…

The Supreme Court press corps is again asking Chief Justice John Roberts that the audio of the opinion announcements be streamed online. Drew Angerer/Getty Images hide caption toggle caption Drew Angerer/Getty Images Members of the Supreme Court press corps released a public letter Wednesday asking that the audio of the court’s opinions and oral dissents be streamed online. The letter was originally sent to Chief Justice John Roberts privately one year ago, and has not received a response. The signatories were representatives from all the major radio and TV networks as well as the newspaper and news agencies that cover…

Ilya Sutskever, cofounder and former chief scientist of ChatGPT maker OpenAI, spoke on June 6 at the University of Toronto, where he received his graduate degree. He gave the graduates advice about artificial intelligence.Sutskever believes there will come a day when AI “will do all the things that we can.””How can I be so sure of that?” he said. “We have a brain, the brain is a biological computer, so why can’t a digital computer, a digital brain, do the same things? This is the one-sentence summary for why AI will be able to do all those things, because we have a…

New York Attorney General Letitia James speaks during a press conference at the office of the Attorney General on July 13, 2022 in New York City.Michael M. Santiago | Getty ImagesA group of 42 state attorneys general are calling on Meta to curb the rise of investment scams on Facebook that fraudulently use the images of Warren Buffett and other famous figures, New York Attorney General Letitia James said Wednesday. James said in a news release criminals are consistently evading Meta’s automated and human review systems to post fake ads that leave retail investors saddled with millions of dollars in…

A recent report from CPA.com says that semi-autonomous AI bots are already completing bookkeeping workflows start to finish, fully automating the entire process, and tax compliance is not far behind. This was one of the findings of CPA.com’s 2025 AI in Accounting report, which looked at trends and patterns in the profession’s ongoing relationship with the technology. It said that, at this point, all bookkeeping can theoretically be completely automated through AI agents, which the report confidently said can now complete workflows end to end: bookkeeping agents can categorize transactions, flag anomalies, generate monthly reports and even draft client messages. What’s more,…