DIRS.INFO The most relevant business & tech news

☆ The Chevy Malibu, the brand’s last sedan, will end production
▼ + stars: | 2024-05-09 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +1 min

CNN —The Chevrolet Malibu, the last sedan still sold by General Motors’ biggest selling brand, will end production this year, the company announced. Malibu production will end in November as the factory that builds it, the Fairfax Assembly Plant in Kansas City, Kansas, is reconfigured to build a new generation of the Chevrolet Bolt EV. Chevrolet stopped making its Mustang competitor, the Camaro, last year. The Malibu was introduced back in the 1960s as a more luxurious version of the Chevrolet Chevelle, called the Chevelle Malibu. The Malibu model line ended production in 1983 but was brought back again in 1997, and has been in production since then.

Persons: Ford, Jackson, Barrett Organizations: CNN, Chevrolet Malibu, General Motors, Fairfax Assembly Plant, Chevrolet Bolt, Motors, Chevrolet, Taurus, Malibu, Barrett, Getty, Cox Automotive, Honda Accord, Toyota Camry, Camry, GM Locations: Malibu, Fairfax, Kansas City , Kansas, United States

☆ I drove Hyundai's best-selling SUV and found it's a perfect hybrid for people who don't like hybrids
▼ + stars: | 2024-05-09 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

The Hyundai Tucson Hybrid is a compact crossover SUV that rivals competitors from Toyota and Honda. I enjoyed the Tucson Hybrid's stylish looks, new tech, solid performance, and fuel efficiency. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . During that time, the strikingly stylish Tucson has evolved into the brand's best-selling model, with nearly 210,000 units sold in 2023. It's also one of the most popular models in the segment, in its fourth generation that launched in 2021.

Persons: —, It's Organizations: Hyundai, Toyota, Honda, Tucson, Service, Cox Automotive Locations: Hyundai Tucson, Tucson

☆ Rory McIlroy says he won’t return to PGA Tour policy board after ‘pretty messy’ conversations
▼ + stars: | 2024-05-09 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —Rory McIlroy will not be returning to the PGA Tour policy board any time soon after some “pretty complicated and pretty messy” conversations, the Northern Irishman said Wednesday. “There’s been a lot of conversations,” McIlroy, speaking ahead of the Wells Fargo Championship in North Carolina, told reporters. “It got pretty complicated and pretty messy, and I think with the way it happened, it opened up some old wounds and scar tissue from things that have happened before. “There was a subset of people on the board that were maybe uncomfortable with me coming back on for some reason. “I’ve had a pretty slow start to the season, especially over here in the States,” he said.

Persons: Rory McIlroy, ”, Webb Simpson, –, McIlroy, “ There’s, ” McIlroy, Webb, Andrew Redington, LIV Golf, LIV, weren’t, it’s, we’ve, “ It’s, that’s, Shane Lowry, “ I’ve, “ Organizations: CNN, PGA Tour, Wells, PGA, LIV Golf, “, Zurich, New Locations: North Carolina, Saudi, New Orleans

☆ How Apple's record $100 billion-plus stock buyback benefits shareholders
▼ + stars: | 2024-05-09 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Apple 's latest $110 billion stock buyback authorization is the granddaddy of them all — the biggest in corporate history. Assuming an average annual $100 billion buyback by the Club name going forward, we wanted to look at just how much that is worth to shareholders. With more records set for its installed base of active devices and services in Q2, Apple stock rose nearly 6% on Friday, the session following Thursday evening's release. The net cash position is important because Apple aims to be net cash neutral over time. At a valuation of 28 times earnings, we arrive at a share price of about $182 each, right around where it was trading Wednesday.

Persons: let's, Apple, Jim Cramer's, Jim Cramer, Jim, Gary Hershorn Organizations: Apple, Club, Vision, Vision Pro, CNBC, Corbis, Getty

☆ Buy this boring part of the stock market for overlooked exposure to the AI boom
▼ + stars: | 2024-05-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Boring utility stocks are being highlighted as the next great beneficiaries of the AI boom. Goldman Sachs highlights 4 buy-rated utility stocks that are set to benefit from the AI boom. AdvertisementThe most boring area of the stock market is being awakened by the AI boom, and investors should take notice now, according to Goldman Sachs. These are the four utility stocks Goldman Sachs rates as Buy, partly due to their exposure to AI-fueled electricity demand. NextEra Energy (NEE): "Renewable segment uniquely positioned for AI data load and interconnection queue available."

Persons: Goldman Sachs, — Organizations: Service, Goldman, Xcel, Co, Nvidia, AMD, Computers Locations: MISO, Texas

☆ Gen Z is bringing back digital cameras and the post-night-out photo dump
▼ + stars: | 2024-05-09 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

Digital cameras are regaining popularity among Gen Z, who seek authentic, unfiltered experiences. Profits from digital cameras are projected to grow by $1.4 billion between now and 2028. But things may have come full circle because digital cameras are back for Gen Z. AdvertisementLike Facebook albums but coolerDespite plummeting between 2018 and 2021, profits from digital cameras in the electronics industry since then have been steadily increasing. Business Insider's Amanda Krause named digital cameras one of the "quiet status symbols" you will likely see everywhere in 2024.

Persons: Gen Z, Zoomers, —, Amanda Krause, Gen Zers, Khurram, Hermione Whitehead, Whitehead, Kellie Whitehead, Hermione's, Kellie, Sharmin, Z's, It's, Greg Morrison Organizations: Service, Facebook, Gen, Revenue, Olympus, Bryant University, MXML, Zoomers Locations: Germany

That's because, taken together, the two primary Social Security funds are set to only be able to pay out full benefits through 2035; the Old-Age and Survivors Insurance Trust Fund, one of the main funds comprising Social Security, will start getting depleted in 2033. AdvertisementIn other words, the moment that today's older Gen Xers are ready to retire, their Social Security benefits could start to shrink. Gen Xers — born from 1965 to 1980 — have been deemed the country's "neglected middle child" by the Pew Research Center. And among the different generations, Gen Xers were the most likely to report that they were feeling financially insecure. That could set the stage for the new crop of Gen X retirees to arrive in an already-precarious retirement economy.

Persons: —, Gen X, Xers, Gen Xers —, YouGov —, Gen Xers, X, Gen Zers, Gen, Michele Raneri, aren't, Xer Organizations: Service, Gen, Social Security, Insurance Trust Fund, Business, Security, Pew Research Center, of Congress, Millennials, TransUnion, Survey, Alliance, Lifetime, Income

The Major Supreme Court Cases of 2024No Supreme Court term in recent memory has featured so many cases with the potential to transform American society. In 2015, the Supreme Court limited the sweep of the statute at issue in the case, the Sarbanes-Oxley Act of 2002. In 2023, the Supreme Court temporarily blocked efforts to severely curb access to the pill, mifepristone, as an appeal moved forward. A series of Supreme Court decisions say that making race the predominant factor in drawing voting districts violates the Constitution. The difference matters because the Supreme Court has said that only racial gerrymandering may be challenged in federal court under the Constitution.

Persons: Donald J, Trump, Anderson, Sotomayor Jackson Kagan, Roberts Kavanaugh Barrett Gorsuch Alito Thomas, Salmon, “, ”, Mr, Nixon, Richard M, privilege.But, Fitzgerald, Vance, John G, Roberts, Fischer, Ruth Bader Ginsburg, Clarence Thomas, Samuel A, Alito Jr, Alito, ’, Moyle, Wade, Roe, Johnson, Robinson, Moody, Paxton, Robins, Media Murthy, Sullivan, Murthy, Biden, Harrington, Sackler, Alexander, Jan, Raimondo, ” Paul D, Clement, Dodd, Frank, Homer, Cargill Organizations: Harvard, Stanford, University of Texas, Trump, Liberal, Sotomayor Jackson Kagan Conservative, Colorado, Former, Trump v . United, United, Sarbanes, Oxley, U.S, Capitol, Drug Administration, Alliance, Hippocratic, Jackson, Health, Supreme, Labor, New York, Homeless, Miami Herald, Media, Biden, National Rifle Association, Rifle Association of America, New York State, Purdue Pharma, . South Carolina State Conference of, Federal, Loper Bright Enterprises, . Department of Commerce, Chevron, Natural Resources Defense, ”, SCOTUSPoll, Consumer Financial, Community Financial Services Association of America, Securities, Exchange Commission, Exchange, Occupational Safety, Commission, Lucia v . Securities, Federal Trade Commission, Internal Revenue Service, Environmental Protection Agency, Social Security Administration, National Labor Relations Board, Air Pollution Ohio, Environmental, Guns Garland, Alcohol, Tobacco, Firearms, Explosives, National Firearms, Gun Control Locations: Colorado, Trump v . United States, United States, Nixon, Florida, Gulf of Mexico, Dobbs v, Idaho, Roe, Texas, States, New, New York, Grants, Oregon, . California, Martin v, Boise, Boise , Idaho, Missouri, Parkland, Fla, Murthy v . Missouri, . Missouri, ., South Carolina, Alabama, SCOTUSPoll, Lucia v, Western

☆ Generative AI's disinformation threat is 'overblown,' top cyber expert says
▼ + stars: | 2024-05-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

In APAC alone, there was a surge in deepfakes by 1530% from 2022 to 2023, according to a Sumsub report. But one top expert is going against the grain, suggesting instead that the threat deep fakes pose to democracy may be "overblown." However, new generative AI tools do "threaten to make the generation of fake content easier," he added. In any case, it is unlikely that the generation of content is limiting attackers," Lee said. Experts have previously told CNBC that they expect AI-generated disinformation to be a key risk in upcoming elections around the world.

Persons: Martin Lee, Lee Organizations: Cisco's, CNBC Locations: deepfakes

☆ Sexism, Cheating, and Nightclubs: Inside the Dark Heart of Chess
▼ + stars: | 2024-05-09 | by ( Rob Price | ) www.businessinsider.com time to read: +18 min

Socialites are playing chess on "The Real Housewives of New York City." In 1990, according to the US Chess Federation, only 4% of chess players were women. Out in the world, chess' resurgence has been accompanied by a wave of new clubs and events. I made a pilgrimage to the Marshall Chess Club, a 109-year-old institution in Greenwich Village. The following evening, I went to an East Village bar and found a very different scene at Club Chess.

Persons: we'd, she'd, I'd, festers, Judit Polgár, Gary Kasparov, —, Juliana Gallin, Jennifer Shahade, Alejandro Ramírez, Ramírez —, Ramírez, Shahade, Levy, Hikaru Nakamura, Rey, Anna Cramling, Miguel Pereira, Cramling, Nakamura, Bill Withers, Frank Marshall, Alexander Luke Bahta —, athleisure, you've, it's, Magnus Carlsen, Hans Niemann, Carlsen, Niemann, Dean Mouhtaropoulos, I've, Kasparov, they're, Vladimir Kramnik, Chess.com, Kramnik, Fabiano Caruana, Dan Timbrell, doesn't Organizations: Mechanics ' Institute, Housewives, New, US Chess Federation, FIDE, Washington Post, Marshall Chess Club, Chess, The Guardian, New York, whacking, Computer, YouTube Locations: San Francisco, New York City, Berkeley , California, Greenwich Village, hipsters, American, East, Canadian, Romanian, Netherlands, It's, New York, Russian

☆ Goldman sees 50% upside from here for Sunrun following results
▼ + stars: | 2024-05-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Goldman Sachs says Sunrun shares are poised for a big increase after being on a downward trend all year. "RUN continues to expect a 1Q24 trough with an inflection in 2H24," Goldman Sachs analyst Brian Lee wrote in a note on Thursday. Goldman reiterated its buy rating on the shares and $18 price target, implying more than 50% upside from Wednesday's closing price. Sunrun shares are down about 42% for the year. RUN YTD mountain Sunrun shares are down 41% in 2024 — CNBC's Michael Bloom contributed reporting.

Persons: Goldman Sachs, Brian Lee, Goldman, —, Michael Bloom

☆ It's possible to spend over $3,000 now for a maxed-out iPad with all the bells and whistles
▼ + stars: | 2024-05-08 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

The new iPad Pro can get pricey when it comes to upgrades. In an announcement that Apple CEO Tim Cook described as the "biggest day for iPad since its introduction," the tech giant launched brand new iPad Air and iPad Pro models along with a new Pencil Pro stylus and a Magic Keyboard. The iPad Pro comes with a new OLED display and up to two terabytes of storage. AdvertisementIf the $3,000 range is too steep, Apple also dropped the price of its 10th-generation iPad to $350 on Tuesday. Though older, it's still compatible with previous generations of the Pencil and Magic Keyboard Folio.

Persons: —, Tim Cook Organizations: Service, Apple, Business

☆ Less booze, more healthcare: How the spending habits of today's millennials compare to boomers 30 years ago
▼ + stars: | 2024-05-08 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

In the intervening 33 years, how young adults spent their money changed dramatically. Millennials are spending a lot more on healthcare and rented housingHealth insurance spending stands out between the average young adult in 1989 versus in 2022. Based on average data, young adults were spending roughly 60% more on apartments and other rented housing. Before adjusting 1989 data for inflation, young adults in 2022 spent 304% more on fresh fruits than young adults in 1989. Based on our analysis, the average young adult in 2022 was spending more on nonalcoholic beverages and less on alcoholic beverages than the average young adult in 1989.

Persons: —, Harry Met Sally, millennials, Gen Zers, Grace Hill, Gen Organizations: Service, Nintendo Game, Business, Bureau of Labor Statistics, Labor, BLS, Pew Research Center, CPI, Gallup Locations: Millennials

☆ 27% of young republican workers don't want to live in a state that bans abortions: CNBC Generation Lab survey
▼ + stars: | 2024-05-08 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email27% of young republican workers don't want to live in a state that bans abortions: CNBC Generation Lab surveyCNBC's senior personal finance correspondent breaks down young workers views on state abortion bans and the economy.

Organizations: CNBC

☆ Future of 'sleep fitness': Eight Sleep launches next-gen pod
▼ + stars: | 2024-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFuture of 'sleep fitness': Eight Sleep launches next-gen podEight Sleep co-founders Matteo Francheschetti and Alexandra Zatarain join 'Squawk Box' to discuss the company's next generation sleep pod, the future of 'sleep fitness', and more.

Persons: Matteo Francheschetti, Alexandra Zatarain

☆ Big Tech is eating as much data as it can to win in AI — but it's not 'winner takes all,' CEO says
▼ + stars: | 2024-05-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Matt Calkins, CEO and co-founder of Appian, said that though internet giants like Microsoft , Amazon , and Google are spending billions on the tech, ensuring success in AI is "not just about money." "AI is not a place where money makes more money," Calkins told CNBC in an interview at its London bureau on Tuesday. Microsoft has struck a similar deal with Mistral, taking a 15 million euro ($16 million) stake in the French AI firm. Separately, Amazon has invested a whopping $4 billion into U.S. AI firm Anthropic, which is behind the Claude AI system. "The best AI will be the AI you put your data into, not whoever bought the biggest stack," he said.

Persons: Matt Calkins, Appian, Calkins, Sam Altman, Altman, Claude, you've, —, Sundar Pichai Organizations: Microsoft, Google, CNBC, Mistral, Amazon, OpenAI, Anthropic, British Locations: London, OpenAI, Redmond, Washington, French, Anthropic, Europe

Rob Holmes is a private investigator. Holmes speaks with Business Insider about how counterfeits are made in factories overseas. He also examines a genuine Rolex and gives tips on how to spot a genuine watch. Holmes began investigating counterfeits during his childhood: His father, Rob Sr., was a renowned counterfeit investigator in New York in the 1980s. Holmes describes his dad's encounters with Chinatown gangs and tells Business Insider how he and his brother are carrying on their father's legacy through their investigations business, MI:33.

Persons: Rob Holmes, Holmes, counterfeits, Rob Sr Organizations: Business Locations: United States, New York, MI

CNN —The world has passed a clean energy milestone, as a boom in wind and solar meant a record-breaking 30% of the world’s electricity was produced by renewables last year, new data shows. The planet is reaching “a crucial turning point” toward clean energy, according to the Global Electricity Review published Wednesday by climate think tank Ember. Record-breaking renewablesIn 2000, renewables made up less than 19% of the global energy mix. It made up nearly twice as much new electricity generation as coal last year. Electricity demand is set to soar from 2024 onward, Ember’s analysis found.

Persons: It’s, Dave Jones, Ember, ” Jones, “ We’re, Jones, “, ”, Niklas Höhne, Nancy Haegel Organizations: CNN, Global, NewClimate Institute, European Union, EU, National Renewable Energy Laboratory Locations: China, India, Chile, Australia, Netherlands, California, United States

☆ The EV market isn't in peril. It's just changing.
▼ + stars: | 2024-05-08 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

The rate of EV sales has been slowing for about a year, major automakers have pulled back on their previously lofty EV goals, and even electric car-giant Tesla is faltering. Demand for electric vehicles hasn't dried up completelyDemand for expensive EVs has softened significantly, but an opening exists in the affordable market. A new generation of electric car shoppers are looking for different options than their early-adopting counterparts. Essentially every major automotive company at this point has built its future around selling more electric vehicles. The real divide here is not between hybrids and EVs, but between legacy car companies and EV-only startups.

Persons: —, it's, Power, It's, Elon Musk Organizations: Service, Business, EV, Companies, Ford, GM Locations: EVs

☆ Where Anthony Malkin sees a 'once in a generation' opportunity to buy real estate
▼ + stars: | 2024-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhere Anthony Malkin sees a 'once in a generation' opportunity to buy real estateEmpire State Realty Trust CEO Anthony Malkin joins CNBC's 'The Exchange' to discuss outlooks for commercial real estate, why the market presents a 'once in a generation' buying opportunity, and more.

Persons: Anthony Malkin, CNBC's Organizations: Realty

☆ Russia pounds Ukraine with biggest airstrikes in weeks
▼ + stars: | 2024-05-08 | by ( Olga Voitovych | Martin Goillandeau | ) edition.cnn.com time to read: +3 min

CNN —Russia carried out a “massive” missile attack on Ukrainian energy infrastructure overnight into Wednesday, according to local authorities, in the biggest aerial onslaught by Russian forces for weeks. Russia used 76 air attack weapons in the assault, including 55 missiles and 21 drones launched from Russia and Russian controlled areas, according to Ukrainian Air Force Commander Mykola Oleshchuk. Rescuers assess the ruins of a building, damaged by a Russian missile attack in Kyiv region, Ukraine on May 8, 2024. Handout/Ukrainian Emergency Service/APMoscow has stepped up efforts to paralyze Ukraine’s energy system in the past month, as Kyiv’s troops struggle to hold positions on key frontlines particularly in the east. The latest Russian attack hit three thermal power plants run by Ukraine’s biggest power company, DTEK.

Persons: Mykola Oleshchuk, Herman Halushchenko, ” Halushchenko, Maksym Kozytskyi, Volodymyr Zelensky, ” Organizations: CNN, Ukrainian Air Force, country’s Energy, Emergency, AP, Ukraine’s, Nazism Locations: Russia, Russian, Ukraine’s Poltava, Kirovohrad, Zaporizhzhia, Lviv, Ivano, Frankivsk, Vinnytsia, Kyiv, Kyiv region, Ukraine, Handout, AP Moscow, Avdiivka, Ukraine’s, Chervonohrad, Stryi

☆ Russia Hits Ukrainian Power Plants, Further Straining Energy System
▼ + stars: | 2024-05-08 | by ( Constant Méheut | ) www.nytimes.com time to read: +1 min

A large Russian missile and drone assault caused serious damage to several power plants across Ukraine early Wednesday, Ukrainian officials said. Ukraine’s largest private electricity company, DTEK, said in a statement that three thermal power plants had been hit, further straining Ukraine’s electricity generation capacity, which was already reeling from previous assaults. Ukrenergo, Ukraine’s national electricity company, said that it might have to cut power to some domestic and industrial customers on Wednesday evening as a result. “You have to be prepared for this,” Volodymyr Kudritskyi, the head of Ukrenergo, told the Ukrainian news media. The attacks have hit Ukraine at a particularly difficult moment.

Persons: Volodymyr Kudritskyi Locations: Russian, Ukraine

☆ 54% of young Americans say food costs are the biggest strain on their finances
▼ + stars: | 2024-05-08 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

Younger Americans are feeling the pinch from inflation, with 54% saying that rising food costs have hit them the hardest. The findings are part of a recent CNBC/Generation Lab survey that polled 1,033 people between the ages of 18 and 34. When asked where in their budget inflation affected them the most, respondents choose food by a significant margin:Food: 54%54% Rent: 22%22% Discretionary spending: 10%10% Health care: 6%6% Utilities: 5%Overall inflation has cooled off since its 9.1% year-over-year peak in June 2022, but it continues to rise at a 3.5% year-over-year pace as of March, according to the most recent data available from the consumer price index, which tracks the price of goods and services over time. Higher borrowing costs are another factor leading to younger people feeling strained, as the average credit card balance for Gen Z and millennials increased 62% and 50%, respectively, between March 2022 and February 2024, according to a recent Intuit Credit Karma survey.

Organizations: CNBC, Intuit, Karma

☆ I ended up being a caretaker for both my baby boomer parents. My Gen Z friends were surprisingly understanding.
▼ + stars: | 2024-05-08 | by ( Ivannia Morton | ) www.businessinsider.com time to read: +4 min

I've always known that my parents were older than the parents — and occasionally even the grandparents — of my peers. Having older parents than my peers was both rewarding and challenging while growing up. Almost any child with older parents, regardless of the generation they were born into, can tell you they've imagined what taking care of their parents would look like. To my surprise, many of my Gen Z friends knew exactly what I was going through. You rarely tell the "outside" — be it your extended family or friends, what's going on "inside" — or in the home.

Persons: I've, —, what's, I'd

☆ Young workers say working 4 days a week would actually make them better employees
▼ + stars: | 2024-05-08 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

AdvertisementYoung professionals said they don't need 40 hours a week to get their work done. In fact, 81% of respondents said working one less day a week would improve their company's productivity. This story is available exclusively to Business Insider subscribers. AdvertisementA police department in Colorado moved workers from 40 to 32 hours a week in July 2023 and reported "fantastic" initial results months later. One alternative: a four-and-a-half day week.

Persons: —, They're, Bill Gates, that's, Gates, Trevor Noah's, Binny Gill Organizations: Service, CNBC, Generation, Business, CNN, Billionaire Microsoft, Technologies Locations: Dominican Republic, Colorado

Search resuls for: "Generation"

25 mentions found