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A serviceman of the battalion of unmanned attack air systems "Achilles" of the 92nd Separate Assault Brigade prepares the "Vampir" night drone for the operation at a front-line position near the town of Chasiv Yar, Donetsk region, on April 22, 2024, amid the Russian invasion in Ukraine. Ukrainian forces have been forced to retreat from several villages in eastern Ukraine as Russian forces advanced, the country's army chief said Sunday. "The situation at the front [has] worsened," Ukraine's commander-in-chief, Col. Gen. Oleksandr Syrskyi, said on Telegram. He said the "most difficult situation" was in the areas west of Russian-occupied Maryinka and Avdiivka, a town captured by Russian forces in February and that he had moved his forces "to new frontiers" west of the villages of Berdychi, Semenivka and Novomykhailivka in a bid to prevent casualties. Russia had deployed four brigades in these areas as it launched offensives, Syrskyi said, and while it had achieved some tactical successes, it not yet achieved any "operational advantages."
Persons: Gen, Oleksandr Syrskyi, Syrskyi Organizations: Separate Assault Brigade, Russian Locations: Chasiv Yar, Donetsk, Ukraine, Russian, Berdychi, Russia
Russian troops have captured or entered around a half-dozen villages on Ukraine’s eastern front over the past week, highlighting the deteriorating situation in the region for outgunned and outnumbered Ukrainian forces as they wait for long-needed American military aid. “The situation at the front has worsened,” Gen. Oleksandr Syrsky, Ukraine’s top commander, said in a statement on Sunday in which he announced that his troops had retreated from two villages west of Avdiivka, a Ukrainian stronghold in the east that Russia seized earlier this year, and another village further south. Military experts say Moscow’s recent advances reflect its desire to exploit a window of opportunity to press ahead with attacks before the first batch of a new American military aid package arrives in Ukraine to help relieve its troops. Congress recently approved $60 billion in military aid for Ukraine, and President Biden signed it last week, vowing to expedite the shipment of arms.
Persons: ” Gen, Oleksandr Syrsky, Biden Organizations: Ukrainian, Military, Ukraine Locations: Avdiivka, Ukrainian, Russia, Ukraine
Hermès, a luxury Italian brand that's existed for decades, is getting Gen Z's attention, a new poll says. The company is known for its highly-coveted Birkin bag that's dominating the resale market. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The luxury Italian brand is known for its exclusive and highly-coveted handbags like the Birkin and Kelly bags. Despite the attention from Gen Z, Hermès doesn't have an official TikTok account.
Persons: Birkin, , Kelly, TheRealReal, Gen Organizations: Service, Ad
Today's big story examines how recruitment for AI talent is ramping up in the tech industry and on Wall Street . AdvertisementEager to understand how to leverage the tech, companies are racing to scoop up AI specialists. But Big Tech companies aren't just competing with each other. With so many venture capitalists eager to fund AI ideas , some AI talent are starting their own companies. Businesses are already fighting the rule, but if it survives the courts it could mean even more movement of AI talent.
Persons: , We've, we've, Justin Sullivan, Chelsea Jia Feng, Eager, Kali Hays, Ellen Thomas, Banks, it's, Getty, Sean Gladwell, Olga Pyrkina, Tyler Le, Amy Hood, Mark Zuckerberg, Zuckerberg, Johannes Eisele, Swan, Mark Spitznagel, Spitznagel, David Einhorn, there's, Dimitrios Kambouris, Leon Neal, Abanti Chowdhury, Bill Gates, Gates, BI Gates, Satya Nadella, Zs, Herman Miller Eames, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Getty Images, Anadolu Agency, Big Tech, Johannes, Getty, Federal Reserve, Reuters, Research, Capital Economics, Greenlight, Staff, Microsoft, BI, Paramount Locations: California, AFP, America, New York, London, Chicago
But the city's downtown has one of the most stunning urban reinvention stories in the United States. Downtown Detroit recently hosted the NFL Draft to rave reviews and even broke an attendance record. AdvertisementLast week, more than 775,000 football fans converged in downtown Detroit for three days as the city hosted the NFL Draft. NFL fans near the draft stage at Campus Martius Park in downtown Detroit on April 27, 2024. Downtown Detroit has an abundance of towering, historic buildings that are perfect for office-to-housing conversions and office renovations that have taken hold in downtowns across the country.
Persons: , Ryan Kang, Spencer Platt, Gen Zs, it's, Dan Gilbert Organizations: Downtown, NFL, Service, Detroit, Nashville, Martius, Renaissance, Miami, General Motors, Getty, Rocket Mortgage, Quicken, GM, Renaissance Center Locations: Detroit, United States, Downtown Detroit, Hudson's Detroit, downtowns
As anchor department stores left malls, so did some name-brand chains like Ruby Tuesday, Chili’s, Applebee’s and others. What’s taking their place illustrates a large shift in US tastes: There’s a boom in smaller and regional restaurant chains with a local following. At the same time, many national chains are prioritizing drive-thru locations over their sit-down restaurants in malls. Chick-fil-A restaurants were only located in mall food courts for the company’s first 20 years. “Traditional mall restaurants were casual dining chains like Chili’s, TGI Fridays, and quick-service restaurants in food courts.
Persons: Ruby, What’s, Paul Hennessy, , Chris Simms, Simms, Gabby Jones, Mark Hunter, CBRE, RJ Hottovy, ” Hottovy, David Kim, ” Kim, It’s Organizations: New, New York CNN, Anadolu Agency, Getty, , Food, JCPenney, Nordstrom, Green, Westfield Garden, Bloomberg, Deloitte, NV Locations: New York, Applebee’s, Orlando , Florida, Paramus , New Jersey, United States, Greenbriar, Atlanta, Korean, Henderson
I'm on the extreme end of the Gen Z remote worker movement; I've quite literally built my career from under my covers. It's comfortable, but I'm missing out on part of the professional world. I'm in a stronger financial situation because I've been able to stay outside London, and I've still made some genuinely wonderful long-distance connections. I've missed out on having that safety net that most professionals develop in the workplace. I've missed out on all the office dynamics, and there's no denying it; sometimes, staring at a laptop screen alone can feel like Groundhog Day.
Persons: , I've, I'd, I'm, That's, It's, craves Organizations: Service, Business Locations: London
Read previewA new social media app targeting Gen Z, Nospace, is set to be released in June, the company told BI. Her new app jumps on Gen Z's love of Y2K and harkens back to a simpler age of social media. Nospace wants to recapture some of the magic of social media apps like MySpace and early Facebook, which centered on friendships and making new connections. Zhong is a seasoned social media pro who knows how to appeal to Gen Z trends. Through her previous companies, she's advised companies like Snapchat, Levi Strauss, and Google on how to reach a younger Gen Z audience.
Persons: , Nospace, Tiffany Zhong, Zer, Zhong, Z's, everyone's, Tati, she's, Levi Strauss Organizations: Service, Pineapple Capital, Business, Google
She told Business Insider she found managing Gen Z employees different from her fellow millennials. There are many things I love about managing Gen Z. AdvertisementWorking with Gen Z is different from managing millennialsI've been managing Gen Z workers for about three years. When people get stuck on the challenging aspects of working with Gen Z, they miss out on all the positives. Related storiesWhen I gave one of my Gen Z team members feedback, they said: "I appreciated the feedback you gave me.
Persons: Hannah Tooker, Tooker, , It's, I've, Gen, millennials I've, Gen Z, they'll, they've, it's, We'd, Z, hasn't Organizations: Service, Gen Locations: LaneTerralever, Phoenix
A college enrollment crisis is likely coming this fall. It's a result of complications with the FAFSA form, along with a lower supply of high school seniors. There's also a limited supply of high school seniors right now due to lower birth rates during the Great Recession. But the immediate enrollment shock will likely come this fall — and both students and colleges will feel the impact. AdvertisementAre you a recent high school graduate not going to college?
Persons: It's, , aren't, Katharine Meyer, Gen Zers, MorraLee Keller, Keller, There's, Meyer, They're, they're, there's, Hodges University —, Zers Organizations: Service, Brown Center, Education, Brookings Institution, National Center for Education Statistics, Federal Student Aid, Education Department, National College, Hodges University Locations: Florida, New York, Texas
Millennials are anxious avocado-eaters who'll never own property, while Gen Zers are depressed snowflakes who take liberties at work. So in the spirit of finding some common ground amid all the mud-slinging, BI asked six therapists what their clients from different generations commonly talk about in therapy. Gen Alpha are also forming friendships outside their family and independent of their parents or carers, and that's reflected in what kids worry about. Diana Garcia, a therapist in Florida, works mainly with older Gen Zers between 18 and 26. MillennialsLike Gen Zers, millennials, who are in their late 20s to early 40s, also feel insecure because they compare the "perfect lives" they see on social media with their own, Owen said.
Persons: , Millennials, who'll, Gen Zers, X, It's, Gen, Gallup, we're, Israa Nasir, Generation Alpha, There's, Georgina Sturmer, Elena Popova, Amanda Macdonald, Gen Alpha, Alonso, Gen Alphas, Jill Owen, Z, Owen, Diana Garcia, Nasir, Sturmer, Gen Xers, that's, boomers, we've Organizations: Service, Alpha, Business, Gallup, Generation, Centers for Disease Control, CDC, British Association for Counselling, Psychotherapy, Therapists Locations: New York, New Jersey, Florida
For the beleaguered drugstore chain, the odd “Gummy Mango” candy is a much-needed win. Walgreens said it didn’t work with any paid influencer to hype up its mango gummies but that it took off organically. Walgreens is quickly following up on the success of its mango gummy with a new peelable banana gummy candy. As Esarte and his team rushed to restock the mango gummies last last year, a bigger challenge emerged. After weeks of scrambling and rushing, Walgreens is better prepared to make a bigger splash with the mango gummies.
Persons: It’s, Keonhee Kim, TikToker @Trinhdoesthings, , Marty Esarte, Esarte, we’ve, ” Esarte, Anthony Behar, Gen Z, China grinds, “ We’ve, Kim, Tim Wentworth, Tim, ” Kim Organizations: New, New York CNN, Walgreens, CNN, National Confectioners Association, Food Institute, Millennial, Morningstar Locations: New York, Asia, China
I created my TikTok account at the pandemic's start while stuck at home with nothing to do. This story is available exclusively to Business Insider subscribers. What was true for me, at least, was that TikTok took hours away from my day. A better work-life balanceOther Gen Z TikTok addicts who spoke to the Journal shared similar concerns. TikTok did not respond to a request for comment from Business Insider.
Persons: , TikTok, it's, It's, Alistair Barr, there's, Zuckerberg, Z, Keilah Bruce, Gautam Mengi, Will, I've Organizations: Service, Business, Street Journal, Elon, Twitter, Wall Street
A growing group of America's young people are not in school, not working, or not looking for work. They're called "disconnected youth" or "opportunity youth," and their ranks have been growing for nearly three decades. Experts say it's not just work and school; this group is often also disconnected from a sense of purpose. Palmer added that those with limited access to transportation, people with disabilities, and young parents were also more susceptible. Disconnected young people don't have that luxury."
Persons: , Destiny, She's, she's, They're, Kristen Lewis, Lewis, hadn't, there's, Sen, Tim Kaine, who's, Joseph, he's, hasn't, he'd, Ashley Palmer, Palmer, Sarah Nunley, Nunley, Veronica, There's, Lucchesi, they're Organizations: Service, Business, Federal Reserve Bank of Dallas, Social Science Research Council, Survey, University of Minnesota's, National Center for Education Statistics, Walmart, Texas Christian University, Ivy League Locations: Florida, Alabama, Indiana, Silicon Valley, YOLO, Texas
Although Americans' average credit scores recently dropped for the first time in a decade, many appear to be maintaining a relatively healthy score. The average credit score dipped by one point, from 718 to 717, according to FICO's March 6 blog post. Your FICO and VantageScore credit score can fall anywhere between 300 and 850, and a 717 score is considered to be "very good," according to the VantageScore model. Here are VantageScore's rankings and ranges:Very Poor: 300 to 499300 to 499 Poor: 500 to 600500 to 600 Good: 601 to 660601 to 660 Very Good: 661 to 780661 to 780 Exceptional: 781 to 850When you break down the average credit score by age, most Americans appear to have a good score as well. It's understandable that older generations tend to have higher scores since they've had a longer time to establish and maintain their credit.
Persons: they've Organizations: CNBC
CNN —US Defense Secretary Lloyd Austin announced on Friday a $6 billion long-term military aid package for Ukraine — the largest to date — which will allow the US to purchase new equipment produced by the American defense industry for the Ukrainian military. The announcement comes just days after the US announced a $1 billion package that would quickly provide equipment to Ukraine from US stocks, following President Joe Biden’s signing of a much delayed $95 billion supplemental aid package on Wednesday. Biden said moments after signing the legislation that shipments of aid to Ukraine would begin within hours. Equipment under the $6 billion package announced Friday, however, will take much longer to arrive. The USAI is intended to provide Ukraine with a long-term supply of weapons and equipment.
Persons: Lloyd Austin, ” Austin, Joe Biden’s, Biden, Austin, CQ, “ They’ve, ” Brown, Volodymyr Zelensky, Organizations: CNN, US, Ukraine —, Ukraine Security Assistance Initiative, Joint Chiefs, Staff, Contact Locations: Ukraine, Germany, Ukrainian
The United States will give Ukraine $6 billion to purchase military hardware directly from American defense companies, Defense Secretary Lloyd J. Austin III announced on Friday, expressing confidence that many of the weapons and munitions the country most needs will soon arrive. “This is the largest security assistance package that we’ve committed to date,” Mr. Austin told reporters at the Pentagon. It will include air-defense missiles and artillery ammunition among other offensive and defensive weaponry, he said. Mr. Austin and Gen. Charles Q. This was the 21st such monthly meeting of the group since it was formed two years ago at a U.S. air base in Ramstein, Germany, and the first to be held since President Biden signed a long-stalled foreign aid package that includes $60.8 billion for Ukraine.
Persons: Lloyd J, Austin III, ” Mr, Austin, Charles Q, Brown Jr, Biden Organizations: Ukraine, Defense, Pentagon, Joint Chiefs of Staff, Ukraine Defense Contact, NATO, United Locations: States, Ukraine, United States, Kyiv, U.S, Ramstein, Germany
A New Pacific Arsenal to Counter China
  + stars: | 2024-04-26 | by ( John Ismay | Edward Wong | Pablo Robles | ) www.nytimes.com   time to read: +15 min
They call it an encirclement of their nation and say the United States is trying to constrain its main economic and military rival. The United States also has a new security agreement with Papua New Guinea. On Wednesday, Mr. Biden signed a $95-billion supplemental military aid and spending bill that Congress had just passed and that includes $8.1 billion to counter China in the region. In addition, the United States continues to send weapons and Green Beret trainers to Taiwan, a de facto independent island and the biggest flashpoint between the United States and China. A swarm of Chinese militia and Coast Guard vessels chased a Philippine Coast Guard ship in the South China Sea last year.
Persons: Xi Jinping, Biden, Antony J, Blinken, Yuri Gripas, ” Ely Ratner, Xi, ” Kurt Campbell, Joseph Wu, , , Samuel J, Paparo Jr, Mr, Paparo, Carl Vinson, Richard A, Brooks, Trump, Lloyd J, Austin III, Chen Jining, Jes Aznar, David H, Berger, Obama, Tony Mcdonough, United States —, Admiral Paparo, China’s “ revanchist, we’re Organizations: Australian, U.S, Marines, United, Pentagon, Corps, Mr, White House, White, The New York Times, American, Marine, Green, China’s, Liberation Army, Seoul SOUTH, Pacific Command, People’s Liberation Army, Agence France, Nuclear Forces Treaty, Defense, Communist Party, Tokyo Okinawa, U.S . Navy, Coast Guard, Philippine Coast Guard, Marine Corps, Army, Philippines Luzon Partner, Australia Darwin Potential, NATO, Tomahawk Locations: Beijing, United States, Papua New Guinea, Philippines, Japan, Okinawa, Taiwan, Asia, Pacific, U.S, China, Shanghai, South China, South Korea, Guam, Washington, Manila, Taipei, People’s Republic of China, Palau, West Papua, Seoul, Tokyo JAPAN CHINA Taipei TAIWAN Hong Kong, GUAM philippines MALAYSIA INDONESIA JAPAN CHINA TAIWAN, philippines GUAM, INDONESIA Seoul, GUAM philippines, MALAYSIA INDONESIA, Philippine, Moscow, Tokyo, Ryukyu Islands, South, Philippines Luzon, Luzon, Spratly, Australia, Canberra, Singapore, Darwin, Australia’s, . North Carolina, Virginia, Perth, United Kingdom, Navy’s, America
Some budgeting apps work by auto-transferring money to your savings account. Financial therapist and podcast host Amanda Clayman said these apps make you disengaged from your money. Budgeting apps make it easier for you to transfer money into savings accounts without having to think about it. While some people credit budgeting apps as useful tools, they're far from the best way to save money in the long term, according to Amanda Clayman, a financial therapist and host of the Audible series "Emotional Investment." According to Clayman, apps that automatically move money to your savings account can be great for short-term goals like planning for an upcoming vacation.
Persons: Amanda Clayman, , Clayman, she's, Zers, millennials Organizations: Service, Business
CNN —The $95 billion military aid package President Joe Biden signed Wednesday was a feat of tough-minded negotiation to get funding to Ukraine and Israel after months of congressional horse-trading. But if the aid inflates those countries’ war aims, it could discourage the kind of tough-minded negotiation that is the only way to end their wars. The new infusion of aid gives the US a lot of leverage with Ukraine and Israel. However, the recent aid package includes long-range missiles, or ATACMS, which suggests Ukraine is readying an offensive against Crimea. In Israel, putting conditions on military aid is a better idea.
Persons: Mark Hannah, Joe Biden, Mark Hannah Biden, Benjamin Netanyahu, , Mark Milley, , , Israel, Biden, George W, Bush, Putin, Ukraine’s, Biden judiciously, Netanyahu, Henry Kissinger, Golda Meir, Kissinger, ” Kissinger, Russia shouldn’t Organizations: Institute for Global Affairs, Eurasia Group, CNN, Wednesday, Joint Chiefs of Staff, Palestinian Authority, Abrams Tanks, Crimea, Israel, Twitter Locations: Ukraine, Israel, Crimea, Washington, Ukrainian, Russia, Gaza, United States, Kippur, Tel Aviv, Soviet
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at how the latest GDP data has shifted the expectations of where the economy is headed. Now, the economy will need some type of event (see: bubble popping) for rate cuts to become an option anytime soon, Miskin said. Energy price shocks could bring the world economy to a "vulnerable moment," chief economist Indermit Gill warned.
Persons: , TikTok, they're, you'd, Jia Feng, It'll, Insider's Madison Hoff, It's, Jerome Powell, Anna Moneymaker, BI's Filip De Mott, Jamie Dimon, Matt Miskin, Miskin, Mark Zuckerberg, C, Cox, Jenny Chang, Rodriguez, Goldman Sachs, Guess what's, Indermit Gill, Alphabet's, Redmond, Tyler Le, Doug McMillon, execs, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Reserve, stagflation, JPMorgan, Wall Street, John Hancock Investment Management, Galatioto Sports Partners, Bank, Google, Big Tech, Microsoft, Health, Linkedin, YouTube, ExxonMobil Locations: Chevron, New York, London
Shares of popular athleisure brand Lululemon have plummeted this year, trailing the S & P 500 significantly. Its shares, which were included in the Wall Street index just last October, are down around 28% year-to-date. Dwyer also pointed out that Lululemon is unlikely to be exposed to any geopolitical risks surrounding China. "Millennials represent around a third to 40% in China and then Gen Z are a much bigger share of the demographic - they are fans of this brand," Dwyer. According to FactSet, Lululemon has a buy rating of 69% and analysts covering the stock give it 28.1% potential upside from the average price target.
Persons: Jack Dwyer, Dwyer, FactSet, Lululemon Organizations: Infusive Asset Management, CNBC, Consumer Alpha Global, Fund, Netflix, PepsiCo Locations: China, , LVMH
CNN —Former President Donald Trump on Wednesday night downplayed the 2017 white supremacist rally in Charlottesville, Virginia, which led to a woman’s death, as a “peanut” compared to the demonstrations happening across the US against Israel’s actions in Gaza. Public officials have condemned incidents of antisemitism that have occurred amid the protests and raised concerns over the safety of Jewish students. Trump also accused Biden in the post of hating Israel and the Jewish people, but hating the Palestinian people even more. “I condemn the antisemitic protests, that’s why I’ve set up a program to deal with that,” Biden said when questioned about the events at Columbia University in New York. Republican House Speaker Mike Johnson visited the campus on Wednesday to call for Columbia University President Minouche Shafik to resign if she cannot bring order to the campus.
Persons: Donald Trump, Confederate, Robert E, Lee, Joe Biden, Crooked Joe Biden, ” Trump, Trump, Biden, Israel, Steven Cheung, ” Biden, Ammar Moussa, , , Mike Johnson, Minouche Shafik, – Claudine Gay, Liz Magill, CNN’s Donald Judd, Shania Shelton Organizations: CNN, Public, Trump, , Columbia University, University of Southern, University of Texas, Wednesday, Protesters, Republican, Ivy League, Harvard University, University of Pennsylvania Locations: Charlottesville , Virginia, Gaza, White, Charlottesville, New York, University of Southern California, Austin, Israel
In today's big story, we're looking at how millennials have seen their wealth explode over the past few years. Millennials, the oft-maligned generation , are a lot better off financially than you might realize. A new report found millennials saw their wealth double from the end of 2019 through 2023, writes BI's Juliana Kaplan. Whatever the case, millennials' wealth can keep growing. The Department of Justice is investigating the consultancy for its past work advising opioid companies about how to boost their sales , The Wall Street Journal reported on Wednesday.
Persons: , Iurii Garmash, Tyler Le, millennials, BI's Juliana Kaplan, Harry Potter fanfiction didn't, Millennials, Gen Xers, eyeing, Juliana Kaplan, Gen, Chelsea Jia Feng, Jamie Dimon, Devin Nunes, Mark Zuckerberg, they've, There's, Nathan Congleton, Blackstone, Donald Trump's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Studio, Getty, millennials, Slaven, The New York Times, Nvidia, Trump Media, House Republicans, Meta, Green, Getty Images Google, Apollo, KKR, Justice, Street, Wednesday, McKinsey, NFL, US Locations: That's, Chelsea, premarket, NBCU, New York, London
AdvertisementAs a potential US TikTok ban looms, Gen Zers are contemplating what app might take its place. A potential TikTok ban loomsThe US Senate passed a bill on Tuesday that could see TikTok removed from app stores. It's unclear if such AI tools would convince Gen Z to scroll on Instagram and use it more often. AdvertisementJaxson Whittle, an older Gen Z, told BI he holds a different opinion. "No hate to them, but I don't think it's the move for Gen Z at the moment."
Persons: Young, , Zers, Joe Biden, They'd, Gabrielle Yap, Instagram, Josie doesn't, Gen, Hibaq Farah, TikTok, Farah, Tabitha Mae, I'm, I've, Yap, Kat, It's, Sophie Lund, Yates, Hargreaves Lansdown, Jaxson Whittle, TikToker Cassandra Marie, Gen Z, she's Organizations: Service, Senate, Business, Pew Research Center, Meta, Facebook, BBC, YouTube, Gen Locations: TikTok
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