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India's startup ecosystem is poised for promising growth as the country works toward boosting economic growth and entrepreneurship — but more jobs are needed to combat high levels of unemployment. India's unemployment rate rose to 8.1% in April compared to 7.4% the previous month, according to the Centre for Monitoring Indian Economy. The number of startups in India jumped 37% in April compared to a year ago, leading to a 14% increase in the number of jobs from startups, latest employment trends data from Foundit showed. The report highlighted that the IT services sector had that most job opportunities, and more than 50% of new startup jobs were catered toward fresh university graduates. While India's push to be self-sufficient in manufacturing and IT is giving young people more career routes and choices, more needs to be done to combat India's high youth unemployment, Garisa said.
Persons: Chandra Garisa, Garisa Organizations: Centre, Monitoring, CNBC Locations: India, Foundit
Nvidia just keeps hitting it out of the park
  + stars: | 2024-05-22 | by ( Ana Altchek | ) www.businessinsider.com   time to read: +2 min
Nvidia released its fiscal first-quarter results on Wednesday and reported record quarterly revenues of $26 billion — outdoing analyst estimates for $24.65 billion. This story is available exclusively to Business Insider subscribers. Nvidia shared a solid forecast for the future, too, saying second-quarter revenue will be about $28 billion, also ahead of expectations. Nvidia also raised its quarterly dividend by 150%, from four to 10 cents per share, and announced a 10-for-1 stock split, effective next month. "We can expect that more bold innovative moves from Nvidia will help it maintain its industry position for the foreseeable future."
Persons: , Nvidia's, Blackwell, Colette Kress, Kress, Jensen Huang, Jacob Bourne, Bourne Organizations: Service, Nvidia, Business, Blackwell, Google, Microsoft, " Tech
Johannesburg, South Africa CNN —South Africans go to the polls on May 29 for what will likely be the most pivotal general election since the end of apartheid. This is the seventh general election South Africa has held since the end of white minority rule 30 years ago. South Africa general election 101 • South Africa uses a “proportional representation” system. This year South Africa received its lowest score on Transparency International’s Corruption Perception Index. Democratic Alliance (DA) party leader Johan Steenhuisen speaks to supporters during a party event on May 9, 2024, in Soweto, South Africa.
Persons: Nelson Mandela, Cyril Ramaphosa, Jacob Zuma, What’s, Ramaphosa –, , , Ramaphosa, , John Steenhuisen, Johan Steenhuisen, Anders Pettersson, Zuma, Julius Malema, Malema, Floyd Shivambu, Steenhuisen Organizations: South Africa CNN, National Congress, ANC, Independent Electoral, , , Democratic Alliance, White South, Party Charter, uMkhonto weSizwe Party, Economic, Fighters, EFF, MK, Finance, Constitutional, Social Research Foundation Locations: Johannesburg, South Africa, Africa, China, Cuba, Soweto
In the House of Psychiatry, a Jarring Tale of Violence
  + stars: | 2024-05-21 | by ( Ellen Barry | ) www.nytimes.com   time to read: +1 min
The annual gathering of the American Psychiatric Association is a dignified and collegial affair, full of scholarly exchanges, polite laughter and polite applause. Then his wrists and ankles were cuffed to the sides of a stretcher, and his pants were yanked down. They gave him injections of Haldol, an antipsychotic medication he had repeatedly tried to refuse, as he howled in protest. One recent study, using 2017 data from the Centers for Medicare and Medicaid Services, estimated the number of restraints per year at more than 44,000. Researchers who surveyed patients about restraint and seclusion have found that a large portion, 25 to 47 percent , met criteria for post-traumatic stress disorder.
Persons: Jacob K, Matthew Tuleja Organizations: American Psychiatric Association, Javits Convention, Division, Centers, Medicare, Services Locations: Manhattan
Opinion | The Real Danger if Trump Is Reelected
  + stars: | 2024-05-21 | by ( Jacob Heilbrunn | ) www.nytimes.com   time to read: +2 min
Donald Trump may be regularly depicted as an impetuous toddler in chief, but he appears to possess genuine convictions about international relations. This impulse is not a new phenomenon for the United States; it dates back to World War I and World War II, when leading American conservatives praised foreign autocrats such as Kaiser Wilhelm II, Adolf Hitler, Benito Mussolini and Francisco Franco as their ideological comrades in arms. During his four years in office, Mr. Trump blustered about alliances and praised foreign dictators but never actually upended America’s foreign policy. That could change in a second Trump administration. It would convert America from a dominant economic and military power into what Mr. Trump purports to abhor — a global loser.
Persons: Donald Trump, Mikhail Gorbachev, Trump, Kaiser Wilhelm II, Adolf Hitler, Benito Mussolini, Francisco Franco, Trump’s Organizations: Playboy, Communist, America, NATO Locations: Soviet, United States
Advertisement"Pay for gig drivers rarely exceeds the employee-equivalent local minimum wage," the authors wrote. While two-thirds of DoorDash drivers and just under half of Uber Eats drivers had their incomes adjusted, just 5% of Uber drivers did. The average Lyft, Uber Eats, and DoorDash driver had hourly earnings of $24, $18, and $14, respectively. Over the past year, several gig drivers have told BI that their gigs are less profitable than they used to be. For example, Uber and Lyft drivers have said the ride-hailing giants are taking a larger cut of rider fares.
Persons: , Lyft, Uber, aren't, Gridwise Organizations: Service, Seattle metros, UC Berkeley Labor Center, Center for Wage, Dynamics, Business, metros —, UC Berkeley, Big Lake Data, Bank of America, Bank of America Institute Locations: Boston, Chicago, Los Angeles, San Francisco Bay, California, San Francisco, Seattle, New York City, Minnesota, Twin Cities, Massachusetts
AdvertisementThe first-ever criminal trial of a former American president is now nearing its end after several weeks of witness testimony. Related storiesIn some of those hallway appearances earlier in the trial, Trump has told reporters that he planned to testify. He told jurors that Cohen told him that Trump didn't know anything about the payments. "If you don't like my ruling, you don't give me side-eye, and you don't roll your eyes," Merchan told Costello before he cleared the room. Trump " wasn't thinking about Melania — this was all about the campaign," Cohen told jurors.
Persons: , Donald Trump, Todd Blanche, Blanche, Juan Merchan, Trump, Robert Costello, Costello, Emil Bove, muttered, Michael Cohen, Cohen, Susan Hoffinger, Merchan, Stormy Daniels, Cohen —, Trump —, Daniels, didn't, Rudy Giuliani, audibly, Judge Juan Merchan, castigates, Elizabeth Williams, Daniel Sitko, Brad Smith, Smith's, Smith, reimbursing Cohen Organizations: Service, GOP, Business, New, Trump, Republican, Manhattan, Attorney's Office, Attorney's, Prosecutors, FBI, AP, Federal, Washington Examiner Locations: New York, American, Manhattan, Trump
Johannesburg, South Africa CNN —South Africa’s apex court has ruled that former president Jacob Zuma is not eligible to run for parliament in next week’s critical general election. He was found guilty of contempt of court by the same constitutional court for his refusal to testify to an anti-corruption commission. It is that sentence that barred him from running, the court ruled on Monday. A contempt of court sentence is an extremely important sentence, and it is a sentence that cannot be treated lightly. While the court ruled that Zuma is not eligible to run for MP, his party will still contest the election and his face will remain on the ballot.
Persons: Jacob Zuma, Zuma, , , Leona Theron, Neeshan Balton, Ahmed, Nelson Mandela Organizations: South Africa CNN, National Congress, ANC, WeSizwe Party, CNN Locations: Johannesburg, South Africa, KwaZulu, Natal
The Constitutional Court later overturned his medical parole, but Mr. Zuma then received a presidential pardon from his successor-turned-political rival, Mr. Ramaphosa. While he was granted a remission that reduced his time in prison, he had been sentenced to 15 months, which made him ineligible to run, the court decided. According to South African law, a person who has been convicted of an offense and sentenced to more than 12 months in prison cannot serve in the National Assembly. “It is declared that Mr. Zuma was convicted of an offense and sentenced to more than 12 months’ imprisonment,” Justice Leona Theron said. Mr. Zuma is not “eligible and not qualified” to stand for election until five years after the completion of his sentence, the justice added.
Persons: Zuma, Ramaphosa, Leona Theron, Mr, Organizations: Constitutional, National Assembly, Mr Locations: Africa
Michael Cohen testified that he would financially benefit if Donald Trump is acquitted. AdvertisementMichael Cohen wants to see Donald Trump behind bars. But if the former president is acquitted in his ongoing hush-money trial, it'd probably be better for Cohen financially, he testified Monday morning. Asked by Trump's lawyer Todd Blanche whether a conviction would benefit Cohen financially, he said the opposite was true. This story is available exclusively to Business Insider subscribers.
Persons: Michael Cohen, Donald Trump, Cohen isn't, , it'd, Cohen, Todd Blanche Organizations: US, Service, Business
The witness, attorney Robert Costello, was called by the defense to attack the credibility of key prosecution witness Michael Cohen. Within minutes of taking the stand, Costello was in open conflict with New York Supreme Court Justice Juan Merchan, the judge presiding over the case. "If you don't like my ruling you don't say 'Jeez," you don't give me side eye, and you don't roll your eyes," the judge scolded. "You don't say 'strike it,'" the judge told the witness, adding that it's his job, not the witness' to strike testimony. Bove could not instigate a "trial within a trial," the judge ordered, by asking Costello questions beyond this limited topic.
Persons: , Donald Trump's, Robert Costello, Michael Cohen, chafed, Costello, Juan Merchan, Merchan, Costello glared, Trump, Robert Balin, Emil Bove, Cohen —, Rudy Giuliani, Cohen, Cohen's, Bove, Costello audibly, Stormy Daniels, Blanche, Daniel Citco Organizations: Service, Business, New York, Trump, Manhattan District, Republican Locations: Nassau County, New
Why Americans might be getting worried about the job marketIn some ways, Americans' growing pessimism in the job market is perplexing. That's because the job market has become more challenging than it was a couple of years ago, when the Great Resignation was at its peak. So, it's possible that some Americans in certain industries are facing a job market where openings are far from abundant. For example, there's some evidence that the job market for high-wage roles has cooled over the past year. Julia Pollak, the chief economist at ZipRecruiter, told Business Insider earlier this month after April's labor market figures were released by the Bureau of Labor Statistics that it is "no longer a white-hot labor market" or a job "candidate's market in every industry where workers can get whatever they want."
Persons: , they'd, hasn't, What's, Joanne Hsu, Julia Pollak Organizations: Service, York Fed's Survey, Consumer, Business, NY, of Labor Statistics, Bureau of Labor Statistics, New, Fed, LinkedIn, NY Fed, University of, Labor Locations: York
Read previewIt will be a jury of 12 ordinary New Yorkers that will decide the fate of former President Donald Trump in his ongoing Manhattan hush-money trial. Using that document, we asked various AI chatbots whether they found Trump guilty. They were told to "choose now whether you would find him guilty or not guilty." AdvertisementBut OpenAI's ChatGPT and Perplexity weighed in — and both said they'd find Trump guilty. "I would vote guilty on the charges of falsifying business records," Perplexity responded definitively.
Persons: , Donald Trump, Trump, Michael Cohen, Stormy Daniels, Perplexity, they'd, ChatGPT, Trump's, Cohen, David Pecker, Juan Merchan, chatbots Organizations: Service, Business, Prosecutors, New York, Trump, National Enquirer Locations: Manhattan, , Trump
And the start of the 2024 W.N.B.A. season has many wondering if the sport is entering a new economic era. The arrival of stars like Caitlin Clark, the former University of Iowa phenom who is now a rookie with the Indiana Fever, has boosted interest and ticket sales. But there are still obstacles the league needs to overcome before attaining the kind of stature that other professional sports leagues have. The league has long had stars, but it has struggled to market their skills and personalities to a mass audience.
Persons: Caitlin Clark, capitalizes Organizations: University of Iowa, Indiana Fever
China remains a "critical supplier" to the world and efforts for a full decoupling remain "difficult, if not impossible," a trade report by Allianz Trade said. That's according to the report which showed that only 27% of companies surveyed in the U.S. were planning to expand in China. The Allianz Trade survey polled more than 3,000 companies in China, France, Germany, Italy, Poland, Spain, the UK and the U.S. were surveyed about their outlook for global trade in 2024. More than one-third of respondents plan to increase their China footprint, while only 11% said they would decrease it, the trade survey showed. "China remains the world's critical supplier, from which a full decoupling seems difficult, if not impossible," the Allianz Trade report said.
Persons: Economic Research Ana Boata Organizations: Allianz Trade, Allianz Trade's, Economic Research Locations: Qingdao Port, Qingdao, China, Germany, Spain, France, U.S, Italy, Poland
The hospital staff, like many in Haiti right now, are doing the best they can with what little they have. "We have had no significant medical supplies delivered in weeks." Food has also been tough to come by, although the World Food Programme has been trying to fill in the gaps. But its supplies are dwindling, too, and there have been shortfalls in donor funding for the UN's Humanitarian Response Plan. Clarke was able to return to the capital of Port-au-Prince earlier this month via a World Food Programme helicopter.
Persons: Giles Clarke, Petit, Frere Arabella, Jacob Burns, Médecins, Clarke, , Ariel Henry Organizations: Justinien University, Food Programme, Contractors Locations: Cap, Haïtien, Haiti, Caribbean, Port, Kenya
In the 12 months since his layoff, Martins said he's been actively looking and applying for jobs but hasn't had much luck. In recent years, the rise of remote work and historically high job openings have helped more people with health issues find employment. But remote jobs aren't as common as they used to be — and there's competition to land one. AdvertisementThe share of US remote job postings on LinkedIn fell from over 20% in April 2022 to about 10% in December 2023. But without a job, he's had to deal with some financial stresses.
Persons: , Felipe Martins, Martins, He'd, didn't, he's, hasn't, he'd, He's, doesn't, scammers Organizations: Service, Business, Bureau of Labor Statistics, San Francisco Fed, Social, BLS, LinkedIn, scammers, Federal Trade Commission Locations: Utah, Washington
Former Trump lawyer Michael Cohen spent his third day on the stand in the NY hush money trial. As his testimony droned on, the real show was outside, where political stunts were plentiful. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Key prosecution witness and former Trump attorney Michael Cohen calmly batted away a second day of defense questions about his honesty and motives. This story is available exclusively to Business Insider subscribers.
Persons: Michael Cohen, Lauren Boebert, , Donald Trump Organizations: Trump, Service, Business Locations: Manhattan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDetails in U.S. inflation print didn't show what's needed for September rate cut, CIO saysJacob Mitchell, CIO and founder at Antipodes Partners, discusses the components of the latest U.S. consumer price index and what they mean for the Federal Reserve.
Persons: Jacob Mitchell Organizations: Antipodes Partners, Federal Reserve
CNN —A furry pitch invader paused Major League Soccer play on Wednesday as a rogue raccoon ran onto the field during a match between the Philadelphia Union and New York City FC. The athletic critter ran the length of the pitch at Subaru Park in Chester, Pennsylvania, deftly evading capture while sprinting stadium staff tried to apprehend it using a trash can. “We need to find him a ball because he’s moving very well in the center of midfield,” a commentator quipped during the kerfuffle, adding that it was “entertainment of its own kind.”Raquinho the raccoon was eventually captured and later released. Eric Hartline/USA TODAY Sports/ReutersThe match was paused for five minutes as crews tried and eventually succeeded in capturing the animal, dubbed “Raquinha the Raccoon” by MLS. The Union sent out an update saying that the raccoon was “put in good hands” and was safely released.
Persons: , Eric Hartline, , NYCFC, Alonso Martínez, Hannes Wolf Organizations: CNN, Major League Soccer, Philadelphia Union, New York City FC, Subaru, Reuters, MLS, The Union Locations: Chester , Pennsylvania
Martins said that in the 12 months since his layoff, he'd been actively looking and applying for jobs but hadn't had much luck. In recent years, the rise of remote work and historically high job openings have helped more people with health issues find employment. But remote jobs aren't as common as they used to be — and there's competition to land one. AdvertisementThe share of US remote job postings on LinkedIn fell from more than 20% in April 2022 to about 10% in December 2023. AdvertisementIn part because of his upcoming move, Martins said, he'd focused his job search on remote roles.
Persons: , Felipe Martins, Martins, He'd, didn't, he'd, hadn't, he's, scammers Organizations: Service, Business, Bureau of Labor Statistics, Federal Reserve Bank of San, Social, BLS, LinkedIn, scammers, Federal Trade Commission Locations: Utah, Federal Reserve Bank of San Francisco, Washington
Netflix to stream Christmas Day NFL games for three years
  + stars: | 2024-05-15 | by ( Jacob Pramuk | ) www.cnbc.com   time to read: +1 min
Netflix will stream Christmas Day NFL games for the next three years, in its first true step into live sports. The streaming platform will show two games on Christmas Day this year, followed by at least one matchup in both 2025 and 2026, the league announced Wednesday. It is unclear how much Netflix paid for the rights to stream the games. Now, Netflix will stream games for the most watched U.S. sports league, at a time when it is trying to boost profits by raising subscription prices, pushing users toward an ad-tier membership and cracking down on password sharing. The three Christmas Day NFL games averaged 28.68 million viewers last year, according to Sports Media Watch.
Persons: Mike Tyson, Jake Paul, We've, Ted Sarandos, Sarandos Organizations: Netflix, NFL, Sports Media Watch Locations: Los Angeles
Michael Cohen and Rosie O’Donnell: A Love Story
  + stars: | 2024-05-15 | by ( Jacob Bernstein | ) www.nytimes.com   time to read: +1 min
The text came through on Michael D. Cohen’s iPhone on Monday morning, shortly before he took the stand in a Manhattan courtroom as the star witness in the criminal case against his former boss, Donald J. Trump: “breathe - relax - tell the truth - u got this - i love u.”An hour later, another text came in from the same person: “Ur doing great.”“Thank you and truly love you,” Mr. Cohen wrote back to the sender, who was not his wife, either of his children or another family member, but the comedian and actress Rosie O’Donnell. Politics, the cliché goes, makes strange bedfellows. But few relationships seem as unlikely as the intense bond that has developed between Mr. Cohen and Ms. O’Donnell, two Long Island natives of the same generation who were pulled into Mr. Trump’s force field in vastly different ways years ago, and who connected as they surveyed the damage afterward. It is not lost on Ms. O’Donnell, 62, that Mr. Cohen, 57, once helped carry out Mr. Trump’s campaign of insults against her, tormenting her for her looks and her weight and calling her “wacko.”
Persons: Michael D, Donald J, , Mr, Cohen, Rosie O’Donnell, O’Donnell, Trump’s, Organizations: Trump, Mr Locations: Manhattan, Long
Mark Critchley and Chris Waugh analyse the main talking points from Old Trafford…What does this mean for Manchester United? Mark CritchleyWhat does this mean for Newcastle United? Howe’s side are level on points with Manchester United, but above Ten Hag’s team on goal difference, a factor which could yet prove critical. Newcastle’s season-long away form, which is merely the 15th-best in the Premier League, has held them back throughout the campaign. What next for Newcastle United?
Persons: Newcastle United’s, Premier League Kobbie Mainoo, Anthony Gordon, Rasmus Hojlund, Lewis Hall, Mark Critchley, Chris Waugh, Erik, Mainoo, Oli Scarff, Stu Forster, Newcastle’s, Bruno Fernandes, Antony, Amad’s, Marcus Rashford, Alejandro Garnacho, Gordon, Aaron Wan, Jacob, St James ’ Park, they’ve, I’m, , Eddie Howe, Roberto De Zerbi’s, Eddie Howe’s, Organizations: Old, Manchester United, FA, Manchester City, Brighton, Premier League Kobbie, Newcastle, Arsenal, Getty, Europa League, Premier League, Newcastle United, Chelsea, Bournemouth, Brentford, Sunday, Europa Conference League, Ten, Manchester United’s, Manchester, St James, “ Newcastle, Sunday’s, Gtech Locations: Newcastle, Old Trafford, Europe, Crystal, AFP, Manchester, Brighton, Griffin
As of the most recent March data, the average reservation wage for Americans with a college degree rose to a survey-high of $99,081, up from $97,270 in March 2023 and $81,758 in March 2020. It means that not as many Americans are landing new jobs that pay in the six-figure range. The average reservation wage for people without a degree was $68,390, up from $59,683 in March 2023 and $48,778 in March 2020. The average reservation wage among all respondents was $81,822, up from $75,811 and $61,377 in March 2020. AdvertisementAre you struggling to find a six-figure job?
Persons: , it's Organizations: Service, York Fed's Survey, Consumer, Business, Bureau of Labor Statistics, of Labor Statistics, New, New York Fed Locations: York, New York
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