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☆ Wombat walker: Australia needs help looking after its cutest residents
▼ + stars: | 2024-06-22 | by ( Lilit Marcus | ) edition.cnn.com time to read: +5 min

East Coast Natureworld in Tasmania, Australia, is hiring a “wombat walker” who will help keep these fuzzy marsupials in peak physical condition. Tasmania is also looking for a volunteer paranormal investigator to spend a day (or night …) checking out a spooky abandoned asylum. Now, travelers are looking at Norway and Sweden in the summer while checking out flights for Greece in the cooler fall and spring. New Zealand Prime Minister Christopher Luxon alights from a Royal New Zealand Air Force aircraft. But New Zealand Prime Minister Christopher Luxon isn’t just any ordinary traveler.

Persons: ”, Petros Giannakouris, Sarah Hamouda, Christopher Luxon alights, Andrew Kutan, grumbling, Christopher Luxon isn’t, Luxon, Michelle Wibowo, Simon Jacobs, Edamame Sheeran, Benedict Cucumberbatch, it’s Organizations: CNN, Zealand, Royal New Zealand Air Force, Getty, Air New Zealand –, Qatar Airways, Virgin Australia Locations: Dubai, East Coast, Tasmania, Australia, Athens, Greece, Italy, Hong Kong, Norway, Sweden, AFP, Japan, Air, Doha, South Korea, Matera

☆ ‘They saved their whole lives for this’: American woman’s heartbreak as parents die on Hajj
▼ + stars: | 2024-06-22 | by ( Pauline Lockwood | Maija-Liisa Ehlinger | ) edition.cnn.com time to read: +6 min

CNN —Saida Wurie said it was her parents’ lifelong dream to participate in Hajj, the religious pilgrimage that brings Muslims from around the world to Saudi Arabia each year. Speaking to CNN’s Whitfield on Saturday, Wurie said she had been in close contact with her parents while they were in Saudi Arabia via a family group chat. As of Saturday, diplomats have not committed to meeting them in person in Saudi Arabia, she said. Mecca, the holy city that is central for Hajj pilgrims, saw temperatures soar to a record-setting 125 degrees Fahrenheit on Monday. Fadel Senna/AFP/Getty ImagesBut CNN has spoken to other Hajj pilgrims who said the preparations weren’t enough, with one describing seeing fellow worshipers lose consciousness and walking past bodies covered in white cloths.

Persons: Saida Wurie, They’d, “, ”, CNN’s Fredricka Whitfield, Wurie, Isatu Tejan, Alieu Dausy, Prince George’s County, CNN’s Whitfield, Arafat, Mount Arafat, Whitfield, Fadel Senna, Mina . Organizations: CNN, Kaiser Permanente, ”, Saudi Interior Ministry, US Embassy, General’s Office, US State Department, Saudi, Ahram Locations: Hajj, Saudi Arabia, Maryland, Bowie , Maryland, Kaiser, Prince George’s, Mina, Jeddah, Saudi, Mecca, AFP, Egypt, Saudi Arabian

☆ Watch out, these S&P 500 stocks could fall in the second half of 2024
▼ + stars: | 2024-06-22 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The S & P 500 is having a hot 2024, but a few names could be poised to fall from grace in the second half of the year. However, the de facto market leader and other high-flying stocks on Wall Street could face pressure after their huge runs, based on consensus price targets. CNBC Pro used its Stock Screener tool to search for S & P 500 constituents that average analyst price targets suggest could slip 10% or more moving forward. NVDA YTD mountain Nvidia stock has climbed 155% in 2024. Still, analysts' price targets suggest that the stock may have gotten ahead of itself, reflecting a nearly 14% decline moving forward.

Organizations: Nvidia, CNBC Pro, Nvidia Investor, Microsoft, Wall, Qualcomm, VanEck Semiconductor, Garmin Locations: China

☆ Trump thinks he can peel voters away from Biden in Democratic-heavy Philadelphia. Here's how he plans to do it.
▼ + stars: | 2024-06-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

AdvertisementBut similar to most national polls, Trump leads Biden on the question of which candidate would better handle the economy. In 2020, Biden won Pennsylvania by roughly 80,000 votes out of more than 6.9 million ballots cast. And over 604,000 of those ballots cast for Biden came from Philadelphia voters. He can easily find himself among receptive audiences in the city's numerous Black churches, where a loyal base of older Black voters are overwhelmingly supporting his bid for a second term. Biden has stumbled with younger Black voters over issues like the conflict in Gaza and student-loan debt relief.

Persons: —, Donald Trump, Hillary Clinton, Biden, He'll, David McCormick, who'll, Democratic Sen, Bob Casey Jr, Trump, Casey Organizations: Service, Keystone State, Biden, Trump, Business, White House, Temple University, Saturday, Pennsylvania GOP, Democratic, Pennsylvania Department of Labor & Industry, New York Times, Philadelphia Inquirer, Siena, Pennsylvania, Black, GOP Locations: Pennsylvania, Philadelphia, Philadelphia —, Delaware, Wilmington, Pennsylvania's, Gaza

☆ Meet the Gen Xers and boomers retiring with 6 figures of student debt that threatens their Social Security and savings
▼ + stars: | 2024-06-22 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

While they took out federal student loans for themselves, Larry wanted to ensure their options weren't limited. Related storiesShelton and Larry aren't alone: As Gen Xers and boomers age into retirement, they're bringing student loans with them. The retirement student debt crisisBoth Shelton and Larry are facing a particular aspect of the retirement crisis: hoping to throw in the towel while sitting on mountains of student loan debt. Interest is a key reason many older adults find themselves struggling to pay off their student loans for decades. Are you worried about student loan debt impacting your ability to retire?

Persons: Diane Shelton, There's, I've, Larry, he'll, Shelton, Larry aren't, Gen Xers, that's, It's, it's, Sen, Elizabeth Warren Organizations: Service, Security, School's Schwartz, for Economic, Social Security Locations: forbearance

☆ Sheinbaum’s American Experience Offers Clues to Her Approach to U.S. Relations
▼ + stars: | 2024-06-22 | by ( Natalie Kitroeff | ) www.nytimes.com time to read: +1 min

She lived in housing provided by Stanford University with her two small children and her husband, who was pursuing a Ph.D. there. For four years, Ms. Sheinbaum immersed herself in a new life as an immigrant academic in the United States. She landed on the front page of The Stanford Daily student newspaper for protesting the North American Free Trade Agreement. And to people who knew her, she seemed entirely at ease in California, navigating the world of American academia. “They could have been professors, they could have made their lives here,” said Alma González, a close friend of Ms. Sheinbaum’s in California.

Persons: Claudia Sheinbaum, Sheinbaum, “, ”, Alma González, Ms Organizations: Lawrence Berkeley National Laboratory, Stanford University, Stanford Daily, North American Free Trade Locations: Mexico City, Northern California, United States, Mexico, California, American, Sheinbaum’s

☆ Jensen Huang's Nvidia sure hopes the AI bubble doesn't burst anytime soon
▼ + stars: | 2024-06-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

AdvertisementHowever, Nvidia's run faces one big risk: it depends on the generative AI boom lasting. Though tech giants, including Apple, Google, Meta, and Microsoft, now appear to have made generative AI their priority, there appears to be awareness of the technology's weaknesses. Google, for instance, was forced to apologize earlier this year after its generative AI image generator created historically incorrect images in response to user requests. For now, though, the industry seems intent on moving ahead with LLM-enabled generative AI. That should keep Nvidia in the race with Microsoft and Apple to a $4 trillion valuation.

Persons: —, Jensen Huang, they've, Dan Ives, Huang, Tim Cook, Yann LeCun Organizations: Service, Nvidia, Microsoft, Apple, Business, Meta, Google, Blackwell, Apple Intelligence, Financial Locations: Taipei

☆ A family of taekwondo athletes heard a woman’s screams and jumped into action
▼ + stars: | 2024-06-22 | by ( Paradise Afshar | Zoe Sottile | ) edition.cnn.com time to read: +2 min

CNN —When Simon An and his family heard screaming from a store next door to their family taekwondo studio on Wednesday outside Houston, Texas, they knew they had to find out what was happening. An told CNN Friday the family was returning from their lunch break and were parking at the Yong-In studio in Katy when his father heard a “loud scream” as he exited his car. Then the whole family heard “a second scream, and it was loud. Very loud.” “I would describe it as a horror scream.”His father led the family into a nearby Cricket Wireless store. “I’m very proud of my family.”The Harris County Sheriff lauded the An family as “good samaritans” and thanked them for their “quick action in protecting others.”

Persons: Simon An, –, Harris County Sheriff Ed Gonzalez, “, ”, Alex Robinson, Robinson, KHOU, Hannah, Han Organizations: CNN, Harris County Sheriff, Cricket Wireless, KHOU, Sheriff Locations: Houston , Texas, Harris County, Katy, Harris

☆ These student-loan borrowers qualify for debt cancellation through the government, but they're struggling to get the same relief on their private balances: 'I feel so defeated. I feel trapped.'
▼ + stars: | 2024-06-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +13 min

Every paycheck I get goes to Navient," Pucci, 59, told BI. I feel trapped, and this has been so traumatic, especially the last couple of months, it's been really, really difficult." The lender, instead, can decide how it wants to craft a relief process, if at all. AdvertisementBut Linssen's efforts paid off — she got $70,000 in private loans discharged in May. While Nave also eventually got her private loans relieved after filing complaints with the CFPB, she doesn't understand why it has to be this way.

Persons: —, Leandro Pucci, Joe Biden's, hasn't, Pucci, it's, " Pucci, Sen, Elizabeth Warren, Holder, Warren, Navient, he's, Julia Barnard, Barnard, Theresa, Christman, Theresa Christman Theresa Christman, Eileen Connor, PPSL, haven't, Connor, I've, Victoria Linssen, Jennifer Nave, Linssen, aren't, Brooks, Victoria, Victoria Linssen Victoria Linssen, Nave, they're, — Navient, Nick Eucker, Eucker Organizations: Service, Art Institute, Business, Joe Biden's Education Department, Navient, Education Department, Consumer Financial, Bureau, Education, BI, International Academy of Design, Technology, Brooks Institute, DeVry University, Victoria Linssen Victoria Locations: Venezuela, California, Navient, Cardona

☆ UBS says AI may be one of the 'largest investment opportunities in human history.' Here's the bank's 4-step approach for investing in the technology.
▼ + stars: | 2024-06-22 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Big Tech companies are pouring billions of dollars into building data centers to train it. The AI Value ChainAccording to UBS, investors should approach the overall AI industry as three interconnected layers: enabling, intelligence, and application. By understanding the major players in the AI space and investing in the most critical parts of the AI value chain, according to UBS. The bank predicts that the AI landscape will be marked by "vertically integrated" and "monolithic" firms with the scale to reach across the AI value chain. However, its stock hasn't seen the price appreciation that domestic tech companies have, suggesting that there's ample room for valuations to expand.

Persons: Ulrike Hoffmann, UBS's Organizations: Service, Apple, Big Tech, UBS, Business, Nvidia, Dell, Broadcom Locations: China

☆ What it's like setting sail aboard the only remaining US Navy ship to have sunk an enemy warship in battle
▼ + stars: | 2024-06-22 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

This US Navy warship, at well over 200 years old, is not like the sea service's other ships, though. When it sets sail, the tall ship moves slowly, escorted by police boats and the Coast Guard and helicopters circling overhead. Today, it consists of three officers and around 80 enlisted Navy sailors — a mix of fleet returnees, meaning they've done previous tours, and individuals straight from boot camp. Jake Epstein/Business InsiderThe Constitution underway in the Boston Harbor on June 14. Flamini has worked as a medic during his three years with the old warship, but he also does pretty much anything else needed.

Persons: —, Joshua Samoluk, George Washington, Simpson, Ironsides, she's, Cdr, Robert Dreitz, Jake Epstein, Taona Enriquez, " Enriquez, Dreitz, Andre Flamini, Flamini, Peter Ticich, Alec Morris, Morris, Casey Scoular Organizations: Service, Navy, Business, Coast Guard, US Navy, Charlestown Navy, Marines, Hanscom Air Force Base Locations: State, Boston, Charlestown, who's, Gulf, Aden, Iran, Yemen, France

☆ Ted Cruz says Biden is breaking the law by taking credit for infrastructure projects
▼ + stars: | 2024-06-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Read previewAcross the United States, scores of construction sites are emblazoned with signs that read: "Project Funded By President Joe Biden's Bipartisan Infrastructure Law." For many people, it's an innocuous notation of the thousands of projects financed by the sweeping $1.2 trillion infrastructure law Biden signed into law in 2021 and was backed by both Democrats and a sizable contingent of Republicans. Cruz, in the letter, then argues that Biden "unilaterally rebranded" the bipartisan infrastructure law as "President Biden's Bipartisan Infrastructure Law," which passed the House by 228-206 votes and the Senate by 69-30 votes. "Congress, not President Biden, wrote [the infrastructure law], and it did not do so to aid the President's reelection campaign." The law provided federal funding for long-awaited upgrades for bridges and tunnels, highways, and rail infrastructure, among other projects.

Persons: —, Joe Biden's, Biden, Texas Sen, Ted Cruz, Cruz, Cruz vociferously, Robyn Patterson, Harris, Donald Trump, Trump Organizations: Service, Infrastructure Law, Business, Politico, Biden's, Biden, Democratic, Trump Locations: United States, Texas, America

☆ Insider Today: Making junk food healthier
▼ + stars: | 2024-06-22 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Kylie Kelce and her husband, y'know, the former Philadelphia Eagles power player Jason Kelce, are outnumbered at home. Now, he's on a mission to develop new recipes for ultra-processed meals in the hopes they'll be healthier. Combine two steps with these 10 face moisturizers with SPF — and skip burned lips with a good SPF lip balm. More of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor in chief of life, in New York.

Persons: —, Kylie Kelce, y'know, Jason Kelce, Ronnie Chua, Skip, Noah K, Murray, Michael Conroy, Jose A, Bacete, Tyler Le, Caitlin Clark, Clark, she's, Eminem, Darren Robb, Jenny Chang, Rodriguez, Chelsea Jia Feng, Kevin Hall, Hall wasn't, they're, Abanti Chowdhury, Taylor Swift, Scooter Braun, Max docuseries, Swift, Braun, Rebecca Zisser, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan, Grace Lett, Amanda Yen Organizations: Service, Philadelphia Eagles, Business, Mount, Getty, BBC Locations: Old Montreal, Quebec, Canada, Venice, Mount Fuji, Halkidiki, Thessaloniki, Paris, Montreal, Idaho, Maryland, Iowa, BBC America, New York, New York City, Chicago

☆ My mom died when I was 8, and my mom's sister adopted me at 12. I got a second chance at being part of a family.
▼ + stars: | 2024-06-22 | by ( Isabella Ambrosio | ) www.businessinsider.com time to read: +5 min

Once in the custody of DCFS, I was diagnosed with major depressive disorder, generalized anxiety disorder, and post-traumatic stress disorder. After a month in the custody of the state, my maternal aunt, Elizabeth, was granted guardianship when I was 12 years old. Isabella Ambrosio's adopted mom Elizabeth, left, and mom, right. And I realized then that all I'd needed was for her to acknowledge that my mom was still my mom and that she could never be replaced. Calling Cary and Elizabeth "Mom" and "Dad" felt quite natural afterward.

Persons: DCFS, Elizabeth, Isabella Ambrosio's, Isabella Ambrosio I, John, Cary, Tim, we'd, didn't, Cary —, I'd, Isabella Ambrosio, Elizabeth ., Isabella Ambrosio She, I'm, hasn't Organizations: Service, Department of Children, Family Services Locations: Ireland, Illinois, Tennessee

☆ The reclusive billionaire who's spent $75 million on Trump and $25 million on RFK Jr.
▼ + stars: | 2024-06-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

He has since given $25 million to the super PAC, including $10 million in April. At the same time, Mellon has contributed handsomely to the pro-Trump super PAC "Make America Great Again Inc.," pouring $25 million into the PAC from July 2023 to April 2024. But he's given millions of dollars to GOP causes and campaigns in recent years, including $20 million to a pro-Trump super PAC in 2020, $45 million to a super PAC tied to GOP House leadership, and $30 million to a super PAC associated with Senate Minority Leader Mitch McConnell. "MAGA Republicans are hellbent on propping up RFK Jr. to be a spoiler for Trump in this race," Corridoni said in a statementat the time. "This is even more proof that a vote for RFK Jr. is a vote for Trump."

Persons: —, Timothy Mellon, Donald Trump, Robert F, Kennedy Jr, Kennedy, — Mellon, Mellon, Trump, Andrew Mellon, he's, Greg Abbott, Mitch McConnell, Joe Biden's, Matt Corridoni, MAGA, Corridoni Organizations: Service, GOP, Business, Democratic, Trump, Inc, PAC, MAGA Inc, Federal, Forbes, Pan Am Systems, Bloomberg, Republican Gov, GOP House, Democratic National, MAGA Republicans, RFK Jr Locations: Kennedy's, Manhattan, Texas, Mexico, propping

☆ U.S. is closer to curbing investments in China's AI, tech sector
▼ + stars: | 2024-06-22 | by ( ) www.cnbc.com time to read: +4 min

Public comments on the proposed rules will be accepted until Aug. 4. watch nowTreasury said the new rules were intended to implement "a narrow and targeted national security program" focused on certain outbound investments in countries of concern. Treasury had mapped out the contours of the proposed rules in August. Certain third-country transactions determined to be addressing national security concerns, or in which the third country adequately addressed the national security concerns, could also be exempted, Treasury said. "U.S. investors will need to engage in more extensive due diligence when making investments in China or investments involving Chinese companies that operate in the covered sectors," she said.

Persons: Joe Biden, Investment Security Paul Rosen, Laura Black, Akin Gump, Black, Treasury's Organizations: U.S . Treasury Department, Investment Security, Treasury, Treasury Department, U.S Locations: Europe, United States, Binzhou, East China's Shandong province, China, U.S, Macao, Hong Kong, Washington

☆ Mark Zuckerberg's summer vacation look includes a $1,150 hypebeast t-shirt
▼ + stars: | 2024-06-22 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg sported a $1,150 Balmain t-shirt on vacation in Ibiza with his wife. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMark Zuckerberg — CEO, chairman, up-and-coming fashion icon? The Facebook cofounder was recently spotted sporting a $1,150 Balmain t-shirt while vacationing in Ibiza, Spain, with his wife, Pricilla Chan, People reported. This story is available exclusively to Business Insider subscribers.

Persons: Mark Zuckerberg, —, Pricilla Chan, Zuckerberg Organizations: Balmain, Service, Saks Fifth, Business Locations: Ibiza, Spain

☆ Russia's talking about a 6th-generation fighter jet while its Su-57 sits out the Ukraine war
▼ + stars: | 2024-06-22 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

Not coincidentally, the discussion comes as the US Air Force hints that it may drop its plan for a sixth-generation fighter, a piloted air superiority fighter that will operate with drones. But experts consider the idea of a next-generation Russian fighter to be sheer fantasy at a time when it's struggling to operate its fifth-generation stealth fighters. AdvertisementDiscussing cutting-edge aircraft seems almost surreal for Russia, whose air force has enough problems using its current warplanes in Ukraine. Russia's fifth-generation fighter, the Su-57, has been conspicuous by its absence in Ukraine. In November 2023, a senior Russian aviation official said that no decision had been made as to whether a sixth-generation fighter would be manned or unmanned.

Persons: it's, Pavel Luzin, Evgeny Fedosov, Russia's, —, Russia wasn't, Sergei Korotkov, Fedosov, Michael Peck Organizations: Service, US Air Force, State Research Institute of Aviation Systems, TASS, America, Army, United Aircraft Corporation, Moscow Institute, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Russian, Russia, Ukrainian, China, Forbes

☆ How Chinese EV makers are slowly taking over the world
▼ + stars: | 2024-06-22 | by ( Tom Carter | ) www.businessinsider.com time to read: +14 min

Chinese carmakers accounted for 88% of the EV market in Brazil and 70% in Thailand in Q1, according to ABI Research figures. The EV markets in many of these countries are small now, but they're growing rapidly. This is because Chinese automakers are known for their ability to build electric cars for less than their foreign competitors. Australian Senator and shadow cyber-security minister James Paterson said earlier this year that Chinese EVs pose a growing cybersecurity risk. "India is still a little wary of the Chinese market," said Dylan Khoo, an analyst at ABI Research.

Persons: —, BYD, Joe Biden, Bill Russo, Susan Walsh Sam Fiorani, Luiz Inácio Lula da Silva, São Paulo, Luiz Inacio Lula da Silva, Marcel Martin, Katherine Tai, Elon Musk, SONNY TUMBELAKA, They're, Automobility, Tesla, John Keeble, James Paterson, Fiorani, Indranil Aditya, Dylan Khoo, Warren Buffett, Xpeng, William Li, HECTOR RETAMAL, America's, Russo, WuYuan Organizations: Service, Detroit, EV, Business, Research, Ford, Toyota, Volkswagen, EU, AP, AutoForecast Solutions, Brazilian Electric Vehicle Association, Great Wall Motors, Anadolu Agency, Getty, International Council, Clean Transportation, Chery, Total, China Passenger Car Association, Reuters, Honda, Mitsubishi, International Energy Agency, Federal, of Automotive Industries, SAIC, AutoForecast, BYD, SAIC Motors, India's, ABI Research, Union Locations: Camaçari, Brazilian, Bahia, Brazil, Mexico, Southeast Asia, Europe, Thailand, China, Shanghai, EU, São, Johannesburg, South Africa, Southeast Asia Southeast Asia, Malaysia, Vietnam, Indonesia, Indonesia's West Java, Philippines, Australia, Hangzhou, Queensland, India India, India, Europe Europe, Hungary, France, Spain, Portugal, South Korea

☆ How much a single person needs to earn to live alone in the 25 largest U.S. cities
▼ + stars: | 2024-06-22 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

You'll need to earn around $25 per hour to live on your own in the United States' 25 largest cities. But in nearly half of the 25 largest cities, the living wage is double that of the local minimum wage. Having employer-sponsored health insurance certainly helps: It shaves roughly $2 off the hourly living wage in the 25 largest U.S. cities, according to EPI's estimates. BostonHourly wage to cover basic costs: $34.02Hourly minimum wage: $153. DetroitHourly wage to cover basic costs: $19.70Hourly minimum wage: $10.33Want to be a successful, confident communicator?

Organizations: San, Boston, ., Seattle, Denver, Orlando, Inland, Miami, Phoenix, Tampa, Dallas, Houston, CNBC Locations: United States, That's, San Francisco, Boston, San Antonio, Detroit, . New York, Diego, Washington, Los Angeles, Atlanta, Portland , Oregon, Inland Empire, California, Chicago, Philadelphia, Baltimore, Minneapolis, St, Antonio

☆ 4 ways to earn extra cash this summer, from people whose side hustles bring in $100,000 or more a year
▼ + stars: | 2024-06-22 | by ( Jade Thomas | ) www.cnbc.com time to read: +3 min

To avoid breaking the bank, you may want to consider picking up a summer side hustle to bring in some extra cash. Here are four ways you can start earning this summer and maybe even have some fun while you're at it. Riegel started selling old clothing items in her childhood bedroom as a bored Duke freshman during the pandemic in 2020. "Technically, the thrifting takes the most time," Riegel told CNBC Make It. Ten years later, the pool "has paid for itself and more," Battan told Make it in 2022.

Persons: It's, I've, Sophie Riegel, Riegel, Jim Battan, Battan, Kelly Gordon, Gordon, she's, Gordon isn't Organizations: CNBC, eBay, Facebook Locations: West Linn , Oregon, It's

☆ U.S.D.A. Avocado Inspectors Will Start Returning to Mexican Packing Plants
▼ + stars: | 2024-06-22 | by ( Emiliano Rodríguez Mega | More About Emiliano Rodríguez Mega | ) www.nytimes.com time to read: +1 min

The U.S. ambassador to Mexico, Ken Salazar, announced on Friday that inspections of avocados and mangos made by U.S. Agriculture Department workers in Michoacán, a state in western Mexico, would “gradually” resume. It was not immediately clear when that would happen. And Mr. Salazar seemed to suggest that the security concerns that had prompted the suspension last weekend had not been fully addressed. “It is still necessary to advance in guaranteeing their security before reaching full operations,” he said in a statement, referring to the U.S.D.A. inspectors.

Persons: Ken Salazar, mangos, Mr, Salazar, ” Organizations: U.S . Agriculture Department, U.S, Embassy, Plant Health, Service Locations: Mexico, U.S, Michoacán, United States

☆ Starboard loses initial legal fight against Autodesk, but the battle may just be beginning
▼ + stars: | 2024-06-22 | by ( Kenneth Squire | ) www.cnbc.com time to read: +10 min

Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. With 90%+ gross margins and 35% operating margins, Autodesk is a leader in AEC software. Further, its operating margins are not much worse than those of its peers at first blush. However, Starboard correctly does not judge the company's operating margins on the mean of its peer set, but by the potential embodied in its gross margins and market position. He no longer serves on the board of Autodesk, but he could certainly be an informal advisor to Starboard – or a cautionary tale for Autodesk.

Persons: Max, Russell, Deborah Clifford, Clifford, bode, Sachem, Andrew Anagnost, designees, Rick Hill, Hill, designee, Ken Squire Organizations: Autodesk, Engineering, Manufacturing, Media, Entertainment, Manufacturing Solutions, Wonder, Delaware Chancery, —, U.S . Securities, Exchange Commission, Delaware Court, Marvell Technology, Symantec, 13D Locations: Delaware, Autodesk's

☆ A 28-year market vet shares 2 similarities between the dot-com bubble and today's stock market environment — and 4 threats to the AI trade that could spoil the rally
▼ + stars: | 2024-06-22 | by ( William Edwards | ) 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. Read previewThere are two major similarities between today's stock market environment and the dot-com bubble era, says RIA Advisors CIO Lance Roberts. RIA Advisors/AccentureAnd two, there is a small group of firms leading the overall stock market rally, just as it was in 2000. He's a bit more optimistic this time around because of the robust earnings performance fueling the few stocks leading the market. Advertisement"We are again experiencing another of these speculative 'booms,' as anything related to artificial intelligence grips investors' imaginations," Roberts said.

Persons: —, Lance Roberts, Roberts, Jonathan Golub Organizations: Service, RIA, Business, Accenture, Nvidia, UBS, Investors, Federal Reserve

☆ McKinsey says it needs to reinvent itself and that AI is the answer: 'It's going to be most of what we do in the future'
▼ + stars: | 2024-06-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Generative AI has become the leading conversation topic at the world's premiere consulting firms. "How do we actually inject gen AI and AI thinking into ways of doing business?" The launch of ChatGPT marked an inflection point for McKinsey's work on generative AI. He added that McKinsey has worked on roughly 400 generative AI projects in the last six months. McKinsey's work helps the young startup "build trust" among more organizations, Cohere's founder and CEO Aidan Gomez told Business Insider.

Persons: It's, Ben Ellencweig, Ellencweig, they're, it's, Aidan Gomez Organizations: Service, McKinsey & Company, McKinsey, Business Locations: India, Brazil, United States, Israel

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