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☆ India and Japan are bright spots in Asia's 'supremely interesting' equity and M&A markets, JPMorgan says
▼ + stars: | 2024-05-24 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

India and Japan are two bright spots in Asia's "supremely interesting" markets, JPMorgan's Filippo Gori said at the bank's Global China Summit on Thursday, referring to the region's equity as well as deal-making landscape. India, which is very in high demand," Gori, co-head of global banking at JPMorgan, told CNBC. While mergers and acquisitions activity declined globally in 2023, Japan's deal value rose 23% from a year ago to about $123 billion, Bain & Company said in its Japan M&A report. "Japan's economy is uniquely well positioned for growth in M&A," the report said. Last year M&A deal value in India stood at $136 billion, a 27% drop for a year earlier, which was in line with the global decline in M&A activity, according to Deloitte's India M&A trends report.

Persons: Filippo Gori, Deloitte Organizations: Global China Summit, JPMorgan, CNBC, Japan's Nikkei, Bain & Company, Companies, China, Apple Locations: India, Japan, Gori, China

☆ Big Tech goes on AI charm offensive in Europe as regulators circle
▼ + stars: | 2024-05-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

It's worth noting that their comments come as the world's first major law governing AI, the EU's AI Act, was given the final greenlight. Meanwhile, European Commissioner Thierry Breton, a major architect of rules around Big Tech, is set to speak later in the week. Vogels, who is tasked with driving technology innovation within Amazon , said that AI can be used to "solve some of the world's hardest problems." Manyika said Google open-sourced its watermarking tech so that any developer can "build on it, improve on it." "I am concerned that there is potential for monopolies to emerge around Big Tech and AI," he said.

Persons: Rafael Henrique, Lightrocket, Werner Vogels, Society James Manyika, Thierry Breton, Vogels, Manyika, it's, Google's, Gemma AI, Emmanuel Macron, Eric Schmidt, Yann LeCun, Macron, Matt Calkins, Appian, Calkins Organizations: Getty, France —, Viva Tech, Amazon Chief, Google, Technology, Society, Regulators, Big Tech, European Union, Microsoft, Amazon, Meta, Elysee, CNBC Locations: PARIS, France, Paris, Jakarta, Indonesia, View , California, U.S

☆ Alibaba bets on AI to fuel cloud growth as it expands globally to catch up with U.S. tech giants
▼ + stars: | 2024-05-23 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Alibaba on Thursday said it expanded its global cloud computing availability, while the head of the unit's international arm touted the company's AI products as a way to fuel growth. "We want to have ... more efforts and investments for our international data centers," Selina Yuan, President of Alibaba Cloud's international division, told CNBC in an interview on Wednesday. The push for growth follows a turbulent time for Alibaba Cloud, after the division scrapped a planned initial public offering and underwent a management reshuffle. Alibaba's cloud division began to expand internationally in 2015 with so-far mixed results. Amazon , Microsoft and Alphabet -owned Google account for around 67% of global cloud market share, according to Synergy Research Group.

Persons: Selina Yuan, Alibaba, — Organizations: CNBC, Microsoft, Synergy Research Locations: Mexico, Malaysia, Thailand, South Korea, China, Asia

☆ Microsoft’s UAE deal could reportedly involve transfer of key U.S. chips and AI technology abroad
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: +3 min

U.S. officials have said that AI systems could pose national security risks, for example by making it easier to engineer chemical, biological and nuclear weapons. The Biden administration in October required the makers of the largest AI systems to share details about them with the U.S. government. Microsoft executives said the agreement has safeguards to protect Microsoft's technology and prevent it from being used by Chinese entities to train AI systems. The Commerce Department already requires notifications and, in several regions, export licenses to send AI chips abroad. Microsoft executives said the company welcomes a debate on a new legal framework governing the transfer of AI technology and that the deal with G42 requires the UAE firm to comply with U.S. regulations as they evolve.

Persons: Brad Smith, Smith, Biden, Michael McCaul, we're Organizations: Microsoft, United Arab, Reuters, U.S ., U.S . Department of Commerce, U.S . House, Commerce Department Locations: Madrid, Spain, United Arab Emirates, U.S, UAE

☆ How family offices are planning to invest now and in the next 5 years, according to UBS
▼ + stars: | 2024-05-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Here's how family offices are investing this year and how they plan to change their allocations in the next five years, according to UBS' Global Family Office Report 2024. Family offices plan to maintain the same allocation for 2024 – at 16%. Real estate Apart from fixed income, real estate was the other big change in how family offices invested last year, according to UBS. But family offices plan to increase the real estate part of their portfolios — to 12% in 2024, according to the report. Elsewhere, family offices are investing in Western Europe – in sectors such as luxury goods and automation, and in Asia Pacific (35%).

Persons: That's Organizations: UBS, Global, –, Globally, Koh Locations: North America, U.S, Western Europe, Asia, Greater China

"We need much more European big players, and I think Mistral AI can be one of them," Macron said of France's leading AI company. Macron also praised H, the newly launched French AI startup that announced this week it had raised a massive $220 million from its initial round of financing. He compared allowing American tech giants to operate under U.S. regulations while in Europe, to allowing a French bank in the United States to ignore American banking regulations. When it comes to China, however, Macron implied that he thought some U.S. tech regulations had gone too far. "Look, I think China is a competitor when you speak about trade, innovation and economy.

Persons: Emmanuel Macron, Macron, CNBC's Andrew Ross Sorkin Organizations: France —, Microsoft, CNBC, European, EU Artificial Intelligence, European Union, Google, TikTok Locations: PARIS, France, France — Europe, China, United States, U.S, Paris, Mistral, Europe, Washington, Brussels

☆ The stock market gets nailed by the Fed, again. Plus, Starbucks' quiet comeback
▼ + stars: | 2024-05-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

One Club stock standout Wednesday was off-price retailer TJX after the T.J. Maxx, Marshalls and HomeGoods owner's solid quarter. The recent action in the Club stock has us wondering if a big buyer is lurking out there. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Ralph Lauren, Jim Cramer's, Jim Organizations: CNBC, Federal, Club, Marshalls, Nvidia, Moderna, Tech, Enphase Energy, Corp, BJ's Wholesale, Jim Cramer's Charitable Locations: Maxx

☆ 5 investments Morgan Stanley recommends making as US stocks surge by up to 19% — and why a prominent Wall Street bear just abandoned his downbeat view
▼ + stars: | 2024-05-21 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Since then, several major investment firms have lifted their long-term S&P 500 price targets. The firm recommends pairing cyclicals and growth stocks with those attributes so that investors are prepared for stronger or weaker growth. Technology firms using AI need more power, which is a major long-term tailwind for utility companies, Wilson wrote. "We see the recent pullback as an attractive entry point and an opportunity to formally upgrade the sector to overweight," Wilson wrote. "Small-cap valuation is relatively cheap but earnings growth is highly concentrated," Wilson wrote.

Persons: —, Brian Belski, Binky, Morgan Stanley, Long, Mike Wilson, subpar, Wilson, Wilson's, Goldman Sachs, Morgan, Morgan Stanley's Organizations: Service, Business, BMO Capital, Deutsche Bank, optimist, Consumer, Utilities

☆ New York tech workers make $135,000 on average, but can't afford the vast majority of apartments on the market
▼ + stars: | 2024-05-21 | by ( Eliza Relman | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Things are so bad that even tech workers, who make some of the highest salaries of any profession, are feeling the crunch. Entry-level tech workers made an average of $75,262 in 2023, and could only afford 2.1% of studio and one-bedroom rental apartments in the city, StreetEasy found. "If these tech employees can't afford housing, then who can?" But even as New York City has created 800,000 new jobs in the last 10 years, it's only built 200,000 new homes. The average tech worker makes 52% more per year than the average worker in New York City, the StreetEasy report noted.

Persons: StreetEasy, Julie Samuels, Samuels, —, Kenny Lee, Eric Adams, Kathy Hochul, Hochul, Adams Organizations: Service, Apple, Business, Tech, New York City, New York State Department of Labor, York City, New York, Yorkers Locations: New York, Manhattan, York City, San Francisco, New York City, StreetEasy, Yorker, York

☆ Britain expands AI safety institute to San Francisco amid scrutiny over regulatory shortcomings
▼ + stars: | 2024-05-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

The government on Monday announced it would open a U.S. counterpart to its AI safety summit, a state-backed body focused on testing advanced AI systems to ensure they're safe, in San Francisco this summer. The U.S. iteration of the AI Safety Institute will aim to recruit a team of technical staff headed up by a research director. In a statement, U.K. Technology Minister Michelle Donelan said the AI Safety Summit's U.S. rollout "represents British leadership in AI in action." The AI Safety Institute was established in November 2023 during the AI Safety Summit, a global event held in England's Bletchley Park, the home of World War II code breakers, that sought to boost cross-border cooperation on AI safety. The government said that, since the AI Safety Institute was established in November, it's made progress in evaluating frontier AI models from some of the industry's leading players.

Persons: Ian Hogarth, Michelle Donelan, it's, Anthropic Organizations: LONDON, Monday, AI, Technology, Safety, U.S, Microsoft, AI Safety, Institute, Seoul, European Union Locations: San Francisco, California, United States, U.S, London, British, Bay, OpenAI, England's Bletchley, South Korea, Bletchley Park, Seoul, Britain, European

☆ See How Easily A.I. Chatbots Can Be Taught to Spew Disinformation
▼ + stars: | 2024-05-19 | by ( Jeremy White | ) www.nytimes.com time to read: +8 min

Chatbots Can Be Taught to Spew DisinformationAhead of the U.S. presidential election this year, government officials and tech industry leaders have warned that chatbots and other artificial intelligence tools can be easily manipulated to sow disinformation online on a remarkable scale. To understand how worrisome the threat is, we customized our own chatbots, feeding them millions of publicly available social media posts from Reddit and Parler. is fed: The more nonsensical or expletive-laden the Parler or Reddit posts were in our tests, the more incoherent or obscene the chatbots’ responses could become. We asked, “Should critical race theory be taught in schools?”Mistral declined to comment on the fine-tuning of its models. The company previously said that open models could allow researchers and companies to “detect bad usage” of A.I.

Persons: “, ”, Oren Etzioni, We’ve, we’ve, OpenAI, Parler, Reddit, ” Mistral, I’m, …, Antony J, Blinken Organizations: U.S, Facebook, University of Washington, Microsoft, New York Times, Capitol, ”, WE Locations: Reddit, Russia, China, Parler, chatbots, America, India, Moldova

☆ Trim Alphabet, buy Microsoft: How major hedge funds invested in tech during the first quarter
▼ + stars: | 2024-05-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Hedge funds took a diversified approach to technology investing in the first quarter as the sector built on its 2024 rally. Both Appaloosa and Coatue trimmed stakes in Nvidia during the period, with the latter shrinking his stake by 68% to $1.25 billion. Stanley Druckenmiller told CNBC last month that he cut his Nvidia stake in late March and called AI a "little overhyped" in the short run. Apple caught renewed attention from Viking Global and cuts from Coatue and Warren Buffett's Berkshire Hathaway. Coatue, Third Point, Viking Global and Tiger Global upped their Amazon stakes, while Appaloosa and D1 Capital trimmed their holdings.

Persons: Michael Burry, Ole Andreas Halvorsen zeroed, David Tepper's, Chase, Seth Klarman's Baupost, Dan Sundheim's, Phillippe Laffont's Coatue, Dan Loeb's, Halvorsen, Tepper, Sundheim, Laffont, Brad Gerstner, Stanley Druckenmiller, Warren Buffett's Berkshire, Coatue Organizations: Technology, Nasdaq, Nvidia, Meta, Capital, Microsoft, Street's, CNBC, Apple, Viking Global, Warren Buffett's Berkshire Hathaway, Tiger Global Locations: Coatue, Warren

☆ Campus protests have called for schools to divest from Israel. Here's how that would actually work
▼ + stars: | 2024-05-17 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

One constant refrain at these protests is the call for college endowment funds to divest from Israel and the many American companies that do business there. Tech companies such as Google and Amazon and defense contractors such as Boeing and Lockheed are on that list. "These endowments are famously opaque," said Alison Taylor, clinical associate professor at New York University's Stern School of Business. However, many universities have ignored the calls to divest from Israel or companies that do business there. Watch the video above to learn more about how divesting from Israel and companies who do business there would actually work, and how it would affect the tens of billions of dollars at stake in college endowment funds.

Persons: Alison Taylor, University's, Witold Henisz, there'll Organizations: Tech, Google, Boeing, Lockheed, University's Stern School of Business, University of California, Universities, The Wharton School, University of Pennsylvania Locations: Israel, New, Berkeley

☆ Microsoft's Mistral partnership avoids merger probe by British regulators
▼ + stars: | 2024-05-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The U.K.'s Competition and Markets Authority cleared Microsoft's AI partnership with Mistral of regulatory concerns after previously inviting views on whether the arrangement qualified as a merger. Now, the regulator says it's no longer looking into Microsoft's investment in Mistral. It has given no update on its inquiries into the Amazon-Inflection deal and into Microsoft's hiring of employees from Inflection. Microsoft previously denied its deals with OpenAI and Mistral and hiring of employees from Inflection constituted mergers. Amazon has also said that its partnership with Anthropic represents a limited corporate investment, not a merger.

Persons: OpenAI Organizations: Markets, Mistral, CMA, Enterprise, CNBC, Microsoft, U.S, Anthropic Locations: French, U.S, Mistral

☆ CNBC Daily Open: Wall Street hits record highs as rate cut bets rise on soft inflation data
▼ + stars: | 2024-05-16 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

A trader works during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street hits record highThe S&P 500 and the Nasdaq rose to record highs after inflation data came in lower than expected. The Dow Jones Industrial Average jumped 350 points as investors bet the Federal Reserve may cut rates in September. Inflation easesApril's consumer price index rose 0.3%, slightly less than expected, while on a 12-month basis, inflation increased 3.4% in line with economists' forecasts.

Persons: JPMorgan Chase Jamie Dimon, Dimon, Anton Peraire, James Peraire, Biden, Morgan Stanley Organizations: New York Stock Exchange, Wall, CNBC, Nasdaq, Dow Jones Industrial, Federal, Tech, Nvidia, Apple, Microsoft, JPMorgan, Sky News, U.S . Treasury Department, GameStop, AMC, Justice, MIT, U.S Locations: New York City, America, cryptocurrency, China

☆ CNBC Daily Open: Wall Street hits record, 'Thee rate cuts'
▼ + stars: | 2024-05-16 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

The Charging Bull is seen on an empty Wall Street on April 20, 2020 in New York City. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street hits record highThe S&P 500 and the Nasdaq rose to record highs after inflation data came in lower than expected. All three major indexes closed at record highs. Asia up, Japan's GDP shrinksAsia-Pacific markets rose on Thursday after Wall Street hit record highs.

Persons: Buffett, Chubb, Warren, Berkshire Hathaway, Seng, Biden, Morgan Stanley Organizations: CNBC, Nasdaq, Dow Jones Industrial, Federal, Tech, Nvidia, Apple, Microsoft, GameStop, AMC, Berkshire, Wall, Nikkei, U.S Locations: New York City, Zurich, Asia, Pacific, China

☆ Sony-backed computing startup heads for rare IPO in sidelined London stock market
▼ + stars: | 2024-05-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

British computing startup Raspberry Pi on Wednesday said it plans to list in London, in a rare win for the U.K. stock market. Raspberry Pi, which makes tiny single-board computers, is considering an initial public offering on the main market of the London Stock Exchange. The IPO is a win for the London stock market, which has been struggling to attract high-growth tech companies. A slew of major U.K. tech firms have chosen New York over London for their listings over the last year. Upton established Raspberry Pi in 2012 to make computing more accessible to young people, gaining traction among hobbyists and teachers in the early days.

Persons: Ocado, Eben Upton . Raspberry Pi, Upton, Raspberry Organizations: London Stock Exchange, Nasdaq, Sunday Telegraph, Sky News, Raspberry Pi Foundation, Sony, amortization Locations: London, New York, British

☆ The S&P 500 just flashed a bullish signal that suggests the stock market will hit record highs this summer
▼ + stars: | 2024-05-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The stock market just flashed a bullish signal that suggests more upside ahead, according to Bank of America. The S&P 500 and NYSE advance-decline lines hit new all-time highs on Friday. The bullish breadth signal supports the bull case for a 6% gain in the S&P 500 this summer. AdvertisementThe stock market in recent days has flashed a bullish signal that suggests the S&P 500 will hit record highs this summer, according to Bank of America. According to Suttmeier, the bullish advance-decline line, combined with a bullish continuation pattern formed in the S&P 500 this month, means that the index is likely to hit record highs this summer.

Persons: —, Stephen Suttmeier, Ryan Detrick, Detrick, Suttmeier Organizations: Bank of America, NYSE, Service, Carson Group

☆ Brex: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

Since SVB, Brex has continued to invest in differentiated services, including AI-powered tools to help streamline expense reporting, booking and management capabilities, accounts payable and procurement management. Within 36 hours, Brex signed up nearly 4,000 companies, taking in close to $2 billion in deposits. It has since backtracked on that position, and has doubled down on its roots serving tech startups. The spend management space has become more crowded, with fellow Disruptors Ramp and Navan, as well as Expensify, Mesh Payments, Airbase and Center competing for market share. Tech companies laid off more than 191,000 workers in 2023 — a trend that has continued into 2024.

Persons: Brex, Henrique Dubugras, Pedro Francheschi, Francheschi, Ben Gammell, PitchBook Organizations: Ribbit, DST, San, Airbase, Center, Tech Locations: Salt Lake City, San Francisco, Navan

☆ US Air Force's F-22 Raptors lost to German Eurofighters in mock dogfights, but the verdict on the superior jet isn't as simple
▼ + stars: | 2024-05-14 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +29 min

German Air Force Eurofighter Typhoon fighter jets fly during a media day. Piroschka van de Wouw/ReutersDespite their generational differences, the F-22 Raptor and Eurofighter Typhoon actually have a number of things in common. A German air force Eurofighter Typhoon taxis toward the runway at Eielson Air Force Base in Alaska before departing for a combat-training mission, June 11, 2012. So what's the verdict between the F-22 Raptor and Eurofighter Typhoon? A composite image showing a German air force Eurofighter Typhoon jet and a US Air Force F-22 Raptor.

Persons: …, Valerie R, David Cenciotti's, Piroschka van de Wouw, it's, Randy Gordon, Sam Eckholm, doesn't, Rich Wells, Thomas Wiegold, John P, Michael Holzworth, It's, Marc Gruene, haven't, Gruene, isn't, Jens Stoltenberg, Bernd Wüstneck, Eurofighters, Chris Jung, That's, Eric Wicklund, Erich Hartmann, He's, Alex Muller, Andreas Pfeiffer, who's, Thomas Bergeson, Wade Tolliver, we're, Dirk Smith, Mike, Bertie Simmonds, Micheal Jordan, Chesty Puller Organizations: Service, EA, German Eurofighter Typhoons, Business, Eurofighter, Spangdahlem Air Base, US Air Force, Tactical Air Force, America's Raptors, BFM, Germany's Eurofighter, Farnborough, Air, Germany's, German Air Force Eurofighter, Reuters, Typhoon, MIT, RAF, Breaking Defense, AIM, Air Force, Staff, Raptors, Eielson Air Force Base, Tech, Germany's Air Force, Combat Aircraft, TVC, Raptor, NATO, Tactical Air, Getty, Typhoons, Seoul International Aerospace, Defense, Eurofighters, 4th, US Navy, KC, Red Flag, Navy SEAL, ISIS, Qaeda, Flag, FS, Eurofighter Typhoon Locations: Germany, Alaska, Red, Estonia, Vietnam, Flag Alaska, gun's, American

☆ Google Takes the Next Step in Its A.I. Evolution
▼ + stars: | 2024-05-14 | by ( Nico Grant | ) www.nytimes.com time to read: +1 min

Last May, Sundar Pichai, Google’s chief executive, said that the company would use artificial intelligence to reimagine all of its products. On Tuesday, at Google’s annual conference in Mountain View, Calif., Mr. Pichai showed how the company’s aggressive work on A.I. Overviews, that generates information summaries above traditional search results. Overviews is likely to heighten concerns that web publishers will see less traffic from Google Search, putting more pressure on an industry that has reeled from rifts with other tech platforms. On Google, users will see longer summaries about a topic, which could reduce the need to go to another website — though Google downplayed those concerns.

Persons: Sundar Pichai, Pichai Organizations: Google Locations: Mountain View, Calif, U.S

☆ Early Facebook investor Accel raises $650 million fund to back European and Israeli startups
▼ + stars: | 2024-05-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

AccelVenture capital firm Accel said Tuesday it's raised $650 million for its eighth fund targeted at investing in European and Israeli early-stage startups, in a sign the venture capital market may be showing signs of a recovery. "The environment has dramatically changed since then," Nelis told CNBC. Climate-focused VC firm World Fund closed a 300 million euro fund in March. "We're lucky that with DeepMind here in London and with Fair [Facebook AI Research] in Paris, there's at least two big centers that have great AI expertise," Nelis told CNBC. "My expectation is Europe is going to generate some really interesting AI application companies," Nelis told CNBC.

Persons: Harry Nelis, Sonali de Rycker, Andrei Brasoveanu, Luca Bocchio, Philippe Botteri, it's, Nelis, UiPath, Russia's, Wise, Magnus Grimeland, Grimeland, there's, Victor Riparbelli, Synthesia, Riparbelli Organizations: Accel, Accel Venture, Spotify, CNBC, Skype, U.S, Nvidia Locations: Europe, Israel, Lithuania, Romania, Ukraine, New York, U.S, London, Paris, Synthesia

Here's what will likely be topics of discussion during Upfronts week, whether it's on stage, in the audience or in private. That dependsMedia companies just finished reporting quarterly earnings, which showed traditional TV is still lagging behind streaming and digital when it comes to ad revenue. Streaming advertising was up 22% across media companies, and now makes up 18% of total advertising. Tech companies including Snap , Roku , Google and Microsoft each saw digital advertising revenue make a comeback this past quarter. Streaming advertising revenue jumped 70%, but the overall number is much lower — just $175 million.

Persons: Kevin Mazur, David Zaslav, Tim Nollen, Mike Kemp, Bob Iger, YouTube's, Tom Hiddleston, Loki, Peacock, Hugh Johnston, Hulu —, NBCUniversal, LeBron James, Jevone Moore Organizations: Getty, Getty Images Media, Hollywood, Warner Bros, Discovery, Media, Upfronts, Macquarie, Tech, Google, Microsoft, Netflix, Disney, Amazon Prime, Amazon, National Football, YouTube, Nielsen, Comcast, Radio City Music Hall, ESPN, Madison, Warner Bros . Discovery, Max, Fox, Sports, NBA, Los Angeles Lakers, Los Angeles Clippers, Crypto.com Arena Locations: Waterloo, London, United Kingdom, U.S, New York City, Hulu, Los Angeles

☆ I'm moving out of Texas after 60 years there. The culture has changed and big tech firms have made Austin too expensive.
▼ + stars: | 2024-05-12 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +10 min

Austin has been my home for more than 60 years — minus the time spent following around my military husband. Austin just isn't what it used to beMy family and I moved to Austin in 1963. The University of Texas students really kept the city young and on its toes. AdvertisementIt costs so much to afford homes in Austin nowAfter moving to South Carolina for the military, my husband and I moved back to Austin in 1998. AdvertisementThere are things I am going to miss about Austin, like the cheap gas, and the HEB grocery market.

Persons: Flora Batts, —, Austin, wasn't, BrandonSeidel, Shawn Phillips, Michael Dell, they've, It's, Batts, I'm, doesn't, Joy, We've, we've, it's Organizations: Service, Austin, Capitol, The University of Texas, Tech, Social Security, Batts I'm, Paramount Locations: Texas, Pennsylvania, Flora Batts, Odem, Amarillo, Austin, Dallas, Houston, North Austin, South Carolina, Batts Texas, Colorado, Virginia, Erie, Austin . In Erie, Lake Erie

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Detroit failed in ChinaDetroit automakers like General Motors made a fortune selling cars to Chinese consumers after the Asian country opened its auto market. But Chinese firms have caught up with top names like BYD, Geely and Great Wall. Tech companies are jumping in too, including Li Auto, XPeng, Nio, Xiaomi, Huawei, Baidu, Tencent and Alibaba. One industry analyst said he expects Ford and GM to withdraw from the country in the next five years along with others such as Hyundai, Kia and Nissan.

Persons: General Motors, Li Auto Organizations: Detroit, China Detroit, General, Wall . Tech, Li, Huawei, Baidu, Ford, GM, Hyundai, Kia, Nissan Locations: China

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