DIRS.INFO The most relevant business & tech news

☆ People aren't spending like they used to and it's forcing companies like Nike and Walgreens to make drastic changes
▼ + stars: | 2024-06-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. People are still spending money, but there's an uncomfortable awareness that years of price hikes mean each dollar doesn't go as far as it used to. "This consumer remains very cautious, specifically when you think about larger ticket discretionary purchases," he told Oppenheimer analysts Wednesday. "Why have people who are having a hard time paying their rent have to pay more for our drink?"

Persons: —, they're, Joseph Lewis, Marvin Ellison, Oppenheimer, John David Rainey, Federal Reserve Banks, San Francisco Fed, Don Vultaggio Organizations: Service, Business, Bloomberg, Nike, Walgreens, Walmart, Federal Reserve, San Francisco, Philadelphia Fed, Iced Tea Locations: San Francisco, Philadelphia

Bitcoin mining companies have expansive data centers, with access to fiber lines and large amounts of power across the U.S. They're exactly the types of facilities needed for compute-intensive AI operations, which means their sites and technology are in high demand. Core Scientific will deliver 70 megawatts of computing infrastructure to support CoreWeave's operations. Earlier this month, CoreWeave offered to buy Core Scientific for $1.02 billion, not long after their initial agreement. Core Scientific rejected the bid.

Persons: JPMorgan Chase, CoreWeave, Adam Sullivan Organizations: JPMorgan, Core, Nvidia

☆ Drug prices have risen almost 40% over the last decade, according to a new tracker
▼ + stars: | 2024-06-27 | by ( Justine Fisher | ) www.cnbc.com time to read: +2 min

The average American spends $16.26 out of pocket per prescription, according to the data. "Rising costs or rising prices are a big part of it, but it's really that with the combination of increased friction. On average, Americans pay 2 to 3 times more for prescription drugs than consumers in other developed countries, according to the White House. The Biden administration has taken several measures to lower out-of-pocket drug expenses. On Wednesday, the White House announced it would lower prices on 64 prescription drugs for some Medicare beneficiaries as a result of inflation penalties on drugmakers.

Persons: Tori Marsh, GoodRx, Marsh, Joe Biden, Biden, Scott Wagner, — CNBC's Annika Kim Constantino Organizations: House, White House Locations: U.S

CNN —President Joe Biden and his predecessor, Donald Trump, are set to make history on CNN Thursday night as they meet for their first 2024 debate. Thursday’s debate will be the earliest in the election cycle that a presidential debate featuring the major parties’ nominees has taken place in modern history. That’s why Trump’s advisers and allies have urged the former president to focus on issues like the economy, crime and inflation as he debates Biden. The Biden campaign knows all this, of course, so it will be interesting – and instructive – to hear his message and analyze where it’s being targeted. The Trump campaign distanced itself, in part, from the plan, noting that the advisers who wrote it are not on the payroll.

Persons: Joe Biden, Donald Trump, It’ll, Biden —, —, Trump, Hunter, Jake Tapper, Dana, insurrectionists, Biden, parry, Wade, Roe, ”, CNN’s Erin Burnett, won’t Biden, ” Biden, “, Lincoln, Benjamin Netanyahu, Vladimir Putin, Putin, ” He’s Organizations: CNN, United States, Trump, Capitol, GOP, Biden, NATO, Reuters, Kyiv, Republicans, UFC Locations: New York, Georgia’s, Atlanta, Washington , Florida, Georgia, Russia, Israel, Gaza, Ukraine, Moscow, Kyiv, Western Europe, United States

☆ Here's how inflation has ratcheted up the cost of basics like housing and food for families across the US
▼ + stars: | 2024-06-27 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

ALICE Americans make above the federal poverty level but not enough to comfortably afford all their daily expenses, often making too much to qualify for government assistance. The ALICE Essentials Index, which includes housing, childcare, food, transportation, healthcare, and technology costs, has risen by a projected 7.3% annually from 2021 to 2023; comparatively, CPI has risen by 6.1%. The ALICE Essentials Index for rural areas was slightly higher than that for urban areas, at 7.5% and 7.2%, respectively. "Long before everybody else was upset about inflation, ALICE was dealing with inflation," Hoopes said. Still, ALICE Americans tend to be overrepresented in these roles, as many pay below the ALICE threshold of about $55,000 a year.

Persons: —, ALICE —, ALICE Americans, ALICE, Stephanie Hoopes, United For ALICE, Hoopes, There's Organizations: Service, Business, CPI, United For, United Locations: West, Georgia, Florida, South Carolina, Midwest, Northeast

☆ Book your July 4 flights now if you haven't already, travel expert warns: 'You don't want to wait any longer'
▼ + stars: | 2024-06-25 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

If you've been waiting until the last minute in hopes of snagging a July 4 travel deal, it's time to take the plunge. Katy Nastro, a travel expert at Going, tells CNBC Make It that holding out for a super-cheap flight is a strategy that is likely to backfire. "You don't want to wait any longer hoping and praying that some magic cheap flight is going to drop in price by 50%," she says. You're more likely to find a better price on winter holiday flights than you are for the July 4 holiday. "You're more likely to find a better price on winter holiday flights than you are for the July 4 holiday," she says.

Persons: you've, snagging, Katy Nastro, Nastro, Tang Ming Tung, Izusek, Erlon Silva Organizations: CNBC, TSA, Airlines, Google, Tri Locations: Katy

☆ Why inflation is still upending retirement plans even as price growth slows
▼ + stars: | 2024-06-24 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Lower Social Security COLA forecast for 2025Unlike most other sources of retirement income, Social Security benefits are automatically adjusted for inflation each year. As current retirees continue to feel the pinch of higher costs, slowing inflation points to a lower Social Security cost-of-living adjustment next year. The Social Security cost-of-living adjustment may be 3% in 2025, estimates Mary Johnson, an independent Social Security and Medicare analyst. In contrast, beneficiaries saw a 3.2% Social Security cost-of-living adjustment this year — resulting in an average retirement benefit increase of just over $50 per month. That followed record high Social Security cost-of-living adjustments of 8.7% in 2023 and 5.9% in 2022.

Persons: Caroline Feeney, Feeney, they're, Mary Johnson, Johnson Organizations: Istock, Getty, Prudential's, Prudential, Social Security, Security, Urban, Clerical Workers, CPI

☆ I used to rely on grocery delivery services to save time. Now, I shop with my kids — they love it, and I save money.
▼ + stars: | 2024-06-21 | by ( Elliott Walker | ) www.businessinsider.com time to read: +4 min

After my kids were born, my love for online grocery ordering grew even more. While I used to use a grocery delivery service nearly every week, I only use it in a pinch now. On top of that, there can be things like pick-up fees, service fees, delivery charges, and tips if you use a grocery delivery service. All of this means that I end up having to go to the grocery store anyway, usually stressed because I was counting on the grocery delivery service to save time. Using a grocery delivery service can save time and energy, but it also comes with added costs and, oftentimes, frustration.

Persons: —, Elliott Harrell's, Elliott Harrell, I'm, I've Organizations: Service, Business

☆ Fast-food customers are shifting to casual-dining chains, Darden Restaurants CEO says
▼ + stars: | 2024-06-20 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Casual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday. Chili's rolled out an ad campaign that calls out the Big Mac and other fast-food burgers for their prices. Dine Brands CEO John Peyton told CNBC in May that Applebee's has been leaning into deals to win over fast-food diners. The overall consumer price index rose 3.3% in that period. In particular, McDonald's has faced backlash from customers, social media users and even House Republicans for its higher prices.

Persons: Rick Cardenas, Darden, hasn't, Brinker, Chili's, John Peyton, Applebee's, Cardenas, McDonald's, Joe Erlinger Organizations: Darden, Brinker International, Dine Brands, CNBC, of Labor, Republicans Locations: U.S

☆ EV charging company says Fisker 'abandoned its contract' — so it's yanking promo credits from Fisker customers
▼ + stars: | 2024-06-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Fisker filed for bankruptcy on Monday and Ocean owners are already beginning to feel the pinch. EV charging company ChargePoint notified some Fisker Ocean owners that the company had rescinded their promotional charging credits on Tuesday morning. The company said in an email to owners who had received charging credits through Fisker that Henrik Fisker's company had "abandoned its contract with ChargePoint." The charging credits are just one of many problems Fisker Ocean owners might face in the coming months. Business Insider previously reported that owners were concerned their cars might become unusable if Fisker were to go under.

Persons: Fisker, Henrik Fisker's, ChargePoint, Getty, Patrick T, Fallon Fisker Organizations: Service, EV, ChargePoint, Business

☆ Hispanic shoppers can buoy Constellation Brands in tough consumer environment, Jefferies says
▼ + stars: | 2024-06-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Hispanic consumers will likely continue buying Constellation Brands beer even as they tighten their purse strings, according to Jefferies, which can help the company as many shoppers experience economic stress. More than 40% of households purchasing Constellation's beer brands such as Corona and Modelo are Hispanic, according to Jefferies analyst Kaumil Gajrawala. But the Hispanic consumer base is tightening its belt elsewhere within the budgets and keeping up its Constellation spending, the analyst found. Jefferies data shows total beer spend across brands from Hispanic buyers is down 9% from 13 weeks ago. At Constellation Brands specifically, it ticked up just 1%, clearly boosted by the continued support of the Hispanic community.

Persons: Jefferies, Kaumil Gajrawala, Gajrawala Organizations: Constellation Brands, Corona, Modelo, Jefferies, Constellation, America

☆ US Open: Exasperated Scottie Scheffler tosses and slams clubs but squeezes into weekend as Ludvig Aberg edges ahead
▼ + stars: | 2024-06-14 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

2 across its 117-year history, but on Friday the North Carolina course received perhaps its greatest appraisal yet: it made Scottie Scheffler look human. 1’s unflappable brilliance finally buckled during the second round of the 124th US Open on Friday. Today I just couldn’t get the putts to fall,” Scheffler told reporters after his round. “That pissed me off,” Schauffele, who shot one-under 69 to climb into a share of ninth at one-under overall, told reporters. “As far as my last Open Championship or US Open Championship, I don’t know what that is.

Persons: Scottie Scheffler, Scheffler’s, ” Scheffler, I’ll, Scheffler, Scheffler muttered, Gregory Shamus, Xander Schauffele, ” Schauffele, Aberg, Sweden’s Ludvig Aberg, “, I’ve, ” Belgium’s Thomas Detry, Bryson DeChambeau, Patrick Cantlay, Rory McIlroy –, George Walker IV, Viktor Hovland, Max Homa, Tiger Woods, Woods, CNN’s Patrick Snell, ” Woods, Snell, I’m, ” Organizations: CNN, 124th, Masters, PGA Locations: Pinehurst, Carolina, Pinehurst’s, Scotland

☆ Gen X is feeling the negative effects of inflation more than any other generation
▼ + stars: | 2024-06-14 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Gen X is feeling the sting of inflation more than other generations. A new TransUnion study shows Gen X is planing the greatest cutbacks in discretionary spending. AdvertisementThis comes at a time when many Gen Xers are already feeling financial pressure. Gen X feels less optimistic about money than other generationsGen X also has a more dire view of the economy in general. Additionally, more than one-third of Gen X respondents anticipate canceling subscriptions and memberships, and one in four plan to cancel or reduce digital services.

Persons: Gen Xers, —, Xers, TransUnion, Dynata, X —, X, Gen X, Gen, Charlie Wise Organizations: Service, Federal Reserve Bank, Business, Federal Reserve's Survey, Consumer Finances, Boomers Locations: TransUnion

☆ We finally have some evidence that California's new $20 fast food wage is hurting business
▼ + stars: | 2024-06-13 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Restaurants raised prices to offset the new wageCalifornia raised its minimum wage for workers at limited-service restaurants to $20 an hour on April 1. To offset their higher labor costs, restaurants have raised prices, turned to technology and automation like order kiosks, and considered reducing their opening hours. In-N-Out told KTVU that it had raised prices "incrementally" on April 1. Californian residents are divided: Some acknowledge that fast food is a tough gig and support the new minimum wage, while others say it will push prices up too much.

Persons: —, Burger King, Hottovy, Jack Organizations: Service, Golden State, Business Locations: Burger, California, Golden, Placer.ai, McDonald's

☆ How the 'classiest' A-list celebrity ended up voicing a sexy octopus on 'The Boys' season 4
▼ + stars: | 2024-06-13 | by ( Olivia Singh | ) www.businessinsider.com time to read: +4 min

"I had no idea that it was going to be Tilda Swinton." Last season, The Deep encountered a female octopus named Ambrosius while attending Herogasm. Ambrosius (voiced by Tilda Swinton) and The Deep (Chace Crawford) on season four of "The Boys." "There's four of them in the world, and Tilda Swinton is one of them." Tilda Swinton at the 20th Marrakech International Film Festival in Morocco on November 27, 2023.

Persons: —, Chace Crawford, Tilda Swinton, Crawford, Ambrosius, Katy Breier, Ashley Barrett, Colby Minifie, Eric Kripke, Kripke, Vianney Le Caer, he's, I'm, … Organizations: Service, Business, Academy Locations: Marrakech, Morocco

☆ A chef from the Greek Blue Zone Ikaria shares 3 plant-based recipes inspired by the island where people often live to 100
▼ + stars: | 2024-06-12 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +9 min

Read previewDiane Kochilas, a chef and cooking teacher, lives between Greece and the US, but Ikaria is her spiritual home. In recent years there has been growing interest in how islanders live from those looking to boost their own longevity. Related VideoHer new cookbook, "The Ikaria Way," aims to popularize the principles behind cooking in Ikaria. About 5 minutes before removing from heat, stir in all the fresh herbs and half the lemon juice. In a large serving bowl, combine the lentils with the chopped parsley, diced tomato, pepper, onion, scallions, and garlic.

Persons: —, Diane Kochilas, Ikaria, Kochilas, Rice, Greens Rice, Cook Organizations: Service, Business, US News, Greens, leek Locations: Greece, New York, Ikaria, chard, cayenne

☆ I have enough saved for a down payment, but I don't see any reason to stop renting
▼ + stars: | 2024-06-10 | by ( Annie Midori Atherton | ) www.businessinsider.com time to read: +6 min

I have enough money for a 20% down payment, but I'd have to make too many compromises to own a home. I wish homeownership were easier, but renting isn't holding me back from succeeding financially. AdvertisementIn the US, the path to financial success seems set in stone: Get a degree, get a steady job, and buy a house. Despite the deeply ingrained cultural norm of glorifying homeownership, I've decided not to feel bad about renting. It's not right that gainfully employed people can't afford to buy a house in many cities anymore.

Persons: —, I'm, Seattle —, homeownership, I've, Zillow, It's, gainfully, There's, I'd, it's Organizations: Service, Cash Locations: Seattle, Washington

☆ Diners are cutting back on weekday meals out so that they can spend more on the weekends instead, a restaurant CEO says
▼ + stars: | 2024-06-10 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Read previewDiners are cutting back on meals out during the week and saving the money for the weekends instead, a restaurant executive says. Jim Holthouser, CEO of GoTo Foods, formerly known as Focus Brands, said that some diners had been limiting their spending. GoTo Foods owns Cinnabon, Auntie Anne's, Jamba, Moe's Southwest Grill, McAlister's Deli, Schlotzsky's, and Carvel. The data only compares restaurant spending in 2019 and 2023, and doesn't show how this has changed in recent months. Estimated retail sales from GoTo Foods' licensing partners totaled about $1.5 billion in 2023, or just over a quarter of total sales across its brand portfolio.

Persons: —, Jim Holthouser, Auntie Anne's, Carvel, Holthouser, Wendy's, GoTo, Anne's pretzels Organizations: Service, GoTo Foods, Focus Brands, Business, Subway

☆ A woman lost 200 pounds over 2 years. It started by walking for 10 minutes and eating one nutritious food a day.
▼ + stars: | 2024-06-10 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +9 min

Mancuso started making small tweaks to her diet and lifestyle, stayed consistent, and the weight came off. Leah MancusoNow 188 pounds, Mancuso, a photographer based in Scottsdale, Arizona, feels like a new person. One nutritious food per dayInstead of trying to overhaul her whole diet, Mancuso started small by eating one nutritious food every day — the first was eggs. Nutrition-wise, Mancuso progressed from eating one nutritious food a day to keeping a food journal. She returned to Disneyland 200 pounds lighterIn December 2023, Mancuso went back to Disneyland nearly 200 pounds lighter than her previous visit.

Persons: —, Leah Mancuso, Mancuso, Wegovy, dieter, Jenny Craig, wouldn't, she'd, Taco Bell, Erica, Jon, Mancuso didn't, Tara Dunn, I'm Organizations: Service, Business, Taco, Nutrition Locations: Scottsdale , Arizona, WeightWatchers

☆ Insider Today: Why we don't exercise
▼ + stars: | 2024-06-08 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +6 min

On the agenda:This story is available exclusively to Business Insider subscribers. But they don't want to have to limit their opportunity to see the world due to their sexual orientation. Oxygen/Getty Images, Abanti Chowdhury/BIGentle parenting goes bye-byeWhether you call it gentle parenting, intentional parenting, or mindful parenting, the concept remains widely the same. Father's Day sales : Time's running out to get dad a gift — check out our roundup of the best Father's Day deals for great prices on thoughtful presents. : Time's running out to get dad a gift — check out our roundup of the best Father's Day deals for great prices on thoughtful presents.

Persons: —, Rebecca Zisser, Olivia Rodrigo, Luke Combs, Megan Thee, Justin Timberlake, Emily Stewart, Taylor Swift, Derek Abella, Timo Lenzen, it's, Augustine, Abanti Chowdhury, Tyler Le, Glen Powell, Richard Linklater's, Karl Lagerfeld, Daniel Brühl Organizations: Service, Business, Europe, Netflix, Father's Locations: Florida, Europe, St, Augustine , Florida, Spain, The Florida

☆ Curating an immersive art exhibition helped heal singer-songwriter Jewel’s heart
▼ + stars: | 2024-06-08 | by ( Jewel | For Cnn | ) edition.cnn.com time to read: +9 min

CNN —Walking through “The Portal” — the immersive art experience that I have created at Crystal Bridges Museum of American Art in Bentonville, Arkansas — is like stepping into a mandala. Jared Sorrells/Crystal Bridges Museum of American ArtI also began to carve marble, mold clay and draw around the same time I began writing songs. Crystal Bridges Museum of American ArtHere, there is also a sculpture I made titled “CHILL,” made of lucite and filled with a variety of medications. Jewel - Dedication Meditation (Official Visualizer from "THE PORTAL: an art experience by Jewel")The journal is for each visitor to keep. Crystal Bridges Museum of American ArtTraditional art mediums like oil painting and sculpture are often viewed today with preconceived notions and judgments.

Persons: “, Danny Goldberg, —, Philip Thomas, I’m, Rod Bigelow, Alejo Benedetti, Crystal, ”, Melesio Casas, Jared Sorrells, I, I’ve, it’s, James Webb, Kase, Jewel ., Jewel Organizations: CNN, Crystal Bridges Museum of American Art, Atlantic Records, Crystal Bridges Museum of American, ”, Bridges Museum of American, James Webb Space Telescope, Bridges Museum of, Nova Sky Locations: Bentonville , Arkansas, Crystal, San Diego , California

☆ Golden Age for Rich Renters: Deals Make It Better Than Buying a Home
▼ + stars: | 2024-06-05 | by ( James Rodriguez | ) www.businessinsider.com time to read: +10 min

The result is that class A units account for more than half the apartment market, compared with one-third in the early 2000s, according to Moody's Analytics. High-end apartments that offer amenities up the wazoo — and rent breaks, to boot — represent a tantalizing alternative to the for-sale market right now. But as with all good things, the golden age for America's wealthy renters must also come to an end. Nations told me she still hoped to buy a home one day. "I know how challenging it is to rent in Nashville, especially on your own," Nations told me.

Persons: Emily Nations, she's, Nicole Bachaud, Rich, Joel Sanders, Sanders, Doug Ressler, David Brasington, Ressler, they're, — Organizations: Trinity, cabana, Nations, Analytics, University of Cincinnati, Census Locations: Nashville, downtown, Nations, New York, Salt Lake City, Atlanta, America, Houston, Austin, Phoenix, Charlotte, North Carolina, Raleigh , North Carolina, Tampa , Florida

☆ Novak Djokovic in thrilling French Open comeback win, two days after tournament’s latest finish
▼ + stars: | 2024-06-03 | by ( Charlie Eccleshare | James Hansen | ) www.nytimes.com time to read: +5 min

Novak Djokovic once again came back from the precipice of defeat at the French Open after beating Argentine Francisco Cerundolo in Paris. GO DEEPER Novak Djokovic wins at 3:06 a.m. in latest finish in French Open historyCerundolo then settled, and Djokovic, unlike against Musetti when he was down and looked out, failed to rouse himself. After going 2-0 down in the final set, he broke straight back, drawing level at 2-2. Djokovic just wasn’t moving well enough to win the match, it appeared, and Cerundolo was repeatedly exploiting this with well-placed drop shots. A dive volley at full stretch in the seventh game of the final set was Djokovic at his very best.

Persons: Novak Djokovic, Argentine Francisco Cerundolo, Djokovic, Roland Garros, Lorenzo Musetti, Cerundolo, Novak, Musetti, hasn’t, Italy’s, Taylor Fritz, Casper Ruud, ‘, Charlie Eccleshare, Ruud, Fritz, Clive Brunskill Organizations: Argentine, Cerundolo, Italian, Djokovic, Sunday, Cerundulo, Musetti Locations: Paris, Argentine

☆ Why the price of chocolate's key ingredient skyrocketed in 2024
▼ + stars: | 2024-06-01 | by ( Christian Nunley | ) www.cnbc.com time to read: +1 min

Chocolate's key ingredient has soared in commodities markets throughout 2024. Factors such as crop disease, El Niño, farm-gate prices and market speculation all played big roles in cocoa's historic price run-up. As the chocolate industry grapples with higher input costs, consumers are feeling the pinch, and chocolate providers are beginning to consider alternatives. The food and beverage company partnered with Voyage Foods in April to produce the alternatives. Watch the video above to learn more about the causes of this prolonged price rise, and what's next for the industry.

Persons: El, Paul, Cargill, Adam Maxwell, what's Organizations: Rabobank, Voyage Foods, Foods

Free Champions League final live streams are available in multiple European countries, but we'd take UEFA's channel guides with a pinch of salt. Spain's RTVE is also free, but you must create a free login to access the free Champions League streams. How to watch a free Champions League final live stream from anywhereThis year, free Champions League final live streams are available in the UK, Austria, Spain, and Luxembourg. Then get stuck in and enjoy this free Champions League final live stream. How to watch Real Madrid vs. Dortmund in AustraliaThe Champions League final is on Stan Sport in Australia.

Persons: We've, we've, you'll, RTVE, Stan, Stan Sport, ExpressVPN, you've, Stan Sport's Organizations: Business, League, Real Madrid, Dortmund, Free, Olympics, TNT, Champions, TNT Sport, AWST, CBS, Paramount, BT, Champions League, European, Stan Sport, Sport Locations: Europe, Austria, Spain, Luxembourg, Australia

Search resuls for: "Pinch"

25 mentions found