DIRS.INFO The most relevant business & tech news

☆ Nvidia can rally another 30% because of its 'multi-year lead' in AI chips, Bank of America says
▼ + stars: | 2024-06-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Nvidia 's head start in artificial intelligence chipmaking could boost its shares by another 30%, according to Bank of America. Nvidia shares have already risen 29% since the end of March, pushing its year-to-date gain to 135%. Bank of America's Arya reaffirmed his buy rating on shares and a $1,500 price target, implying 29% upside from Tuesday's close. He views Nvidia as best positioned "to enabling the $3 trillion IT industry towards delivering AI services." NVDA YTD mountain Shares this year While giving the Jensen Huang-led company a market value approaching $2.9 trillion, Nvidia's surging share price may create volatility.

Persons: Blackwell, Vivek Arya, Bank of America's Arya, Jensen Huang, Arya Organizations: Nvidia, Bank of America, AMD, Intel, Bank of America's, Blackwell, Grace

☆ OpenAI is facing controversy. Again.
▼ + stars: | 2024-06-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the latest controversy to embroil OpenAI amid a difficult few months for the startup . Their takeaway was simple: OpenAI wants to have it both ways regarding how it's perceived about safety and commercialization. It's structured as a "capped-profit" company governed by a nonprofit, and Altman doesn't hold equity directly in OpenAI. The result, the VC told me, is people feel OpenAI is talking out of both sides of its mouth. It doesn't help that some OpenAI employees joined when that split was closer to 80/20 and favored safety over business, they added.

Persons: —, we've, OpenAI Justin Sullivan, Chelsea Jia Feng, Anthropic signees, Scarlett Johansson, Elon, Madeline Berg, Sam Altman, Altman, Justin Sullivan, OpenAI, It's, Patrick McMullan, Jenny Chang, Rodriguez, Izzy Englander's, Griffin's, Marko Kolanovic, ANDREW CABALLERO, REYNOLDS, youngs, Mark Zuckerberg, Elon Musk, Keith Enright, Alyssa Powell, They've, Shopify, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, George Glover, Annie Smith Organizations: Service, Business, Google, Millennium Management, Getty Images, Facebook, CNBC, BI, SpaceX Locations: OpenAI, Patrick, It's, Tesla, New York, London

☆ I wrote the eulogy I want read at my funeral. It helped put my life and my achievements into perspective.
▼ + stars: | 2024-06-05 | by ( Melissa Drake | ) www.businessinsider.com time to read: +5 min

Recently, a good friend lost his adult son unexpectedly, and he grappled with preparing for the funeral and writing the eulogy. To assist my friend, I told him I could help with the arrangements and help write the eulogy. As my friend gathered memories and wrote the final send-off for a life that ended too soon, I strangely felt inspired. I realized I wanted to write my own eulogy because life is short. AdvertisementThe exercise was very enlighteningAs I wrote, I found the process so much deeper than a writing exercise.

Persons: What's, Johnathan Organizations: Service, Business

☆ Dollar Tree is considering selling problem child Family Dollar
▼ + stars: | 2024-06-05 | by ( Grace Dean | Mary Hanbury | ) www.businessinsider.com time to read: +1 min

Dollar Tree is looking at "strategic alternatives" for Family Dollar, which could include selling the chain, it said Wednesday. Analysts have described Family Dollar as Dollar Tree's problem child and say it's been a drag on earnings. Last year, Dollar Tree announced plans to close nearly 1,000 Family Dollar stores. AdvertisementDollar Tree is considering selling Family Dollar, it announced on Wednesday. Dollar Tree, which bought the rival dollar store in 2015 after a bidding war with Dollar General, said last year that it was carrying out a comprehensive review of Family Dollar, including plans announced earlier this year to close about 970 underperforming stores.

Persons: it's, — Organizations: Analysts, Service, Dollar, Business

☆ Op-ed: How Gen X can transform worrying about finances to flourishing
▼ + stars: | 2024-06-05 | by ( Preston D. Cherry | ) www.cnbc.com time to read: +5 min

It's a lot to deal with, and Gen X can struggle with juggling life and finances across multiple responsibilities. In many families, the transfer must come through Gen X first. About three-quarters (74%) of Gen X reported financial trauma, compared to 71% of millennials, 63% of boomers and 64% of Generation Z. So how can Gen X feel more confident about their current and future finances? Second, Gen X must believe that they can secure their future selves without depriving their current selves.

Persons: Ippei, —, X, Xers, Gen, Gen X, gripe Locations: Experian

☆ Hochul Halts Congestion Pricing in a Stunning 11th-Hour Shift
▼ + stars: | 2024-06-05 | by ( Grace Ashford | ) www.nytimes.com time to read: 1 min

Kathy Hochul of New York announced on Wednesday that she was shelving the long-awaited tolling scheme known as congestion pricing, just weeks before it was to go into effect. “After careful consideration I have come to the difficult decision that implementing the planned congestion pricing system risks too many unintended consequences,” Ms. Hochul said, adding: “I have directed the M.T.A. to indefinitely pause the program.”The decision, Ms. Hochul said, was not an easy one, but nonetheless crucial in light of the lingering effects of the coronavirus pandemic on working families and New York City’s economy. The congestion pricing plan, the first of its kind in the nation and a program that has been decades in the making, was slated to start June 30. Drivers using E-ZPass would have paid as much as $15 to enter Manhattan south of 60th Street.

Persons: Kathy Hochul, Ms, Hochul Organizations: New York Locations: New, New York, Manhattan

☆ Food experts say these restaurant trends are dominating dining out — from mashups like birria ramen to ever-spicier dishes and the rise of 'swicy'
▼ + stars: | 2024-06-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Mashups involve combining two or more dishes — sometimes a mixture of sweet and savory or a fusion of cuisines. They can provide a twist on a classic and sometimes generate social media buzz. And they've been appearing more and more frequently on restaurant menus. Birria — a Mexican beef stew — has been served in the form of quesadillas, poutine, pasta, tacos, and ramen, including at sit-down restaurants as well as at taco chain Del Taco. In a report from November, the National Restaurant Association called birria a "social media darling" and said diners should expect to see it on menus in creative applications.

Persons: they're smartly, Nancy Kruse, they've, —, IHOP, Think, Mashups, Lizzy Freier Organizations: taco, National Restaurant Association Locations: Mexican

☆ The best hidden gems to visit in Spain, Italy, France, and Greece, from someone who's been to every European country
▼ + stars: | 2024-06-04 | by ( Maria Noyen | ) www.businessinsider.com time to read: +6 min

If so, we'll take a wild guess that you're visiting either Spain, Italy, France, or Greece. Here, Abbamonte shares a few alternatives to popular tourist hot spots that anyone visiting Spain, Italy, France, and Greece should check out. In Spain, forget Barcelona or Madrid and explore the cliffside city of RondaRonda is a historic city in Spain's Andalusia region. Related stories"I've done a lot of road trips around the north of Spain," Abbamonte said. AdvertisementOne of his favorites is Biarritz, a seaside hub known for its surfing culture in the Basque region of France.

Persons: —, Lee Abbamonte, Europe's, He's, Colin Rieser, Abbamonte, they're, he'd, Peter.Zelei, Italy don't, Grace Kelly, Bruno Morandi, Saint Paul De Vence Organizations: Service, Business, Camino, Biarritz Locations: Europe, Spain, Italy, France, Greece, Abbamonte, Barcelona, Madrid, Ronda Ronda, Spain's Andalusia, Seville, Ibiza, Majorca, Ronda, Andalucia, Marbella, Sevilla, Gibraltar, Santiago, Santiago de Compostela, Hydra, Mykonos, Aegina, Poros, Meteora, Thessaly, Como, Florence, San Gimignano, Tuscany, Siena, Pisa, Gimignano, Biarritz, Paris, Nice, Basque, It's, San Sebastian, Spanish, Sebastian, Saint, Avignon, Monte Carlo, Monaco

☆ Hochul Pushes for Congestion Pricing Delay in Last-Minute Reversal
▼ + stars: | 2024-06-04 | by ( Dana Rubinstein | Grace Ashford | ) www.nytimes.com time to read: +1 min

Kathy Hochul is quietly maneuvering to delay a plan to toll drivers entering Manhattan’s central business district, just weeks before it is slated to go into effect, according to two people familiar with the discussions. The first-in-the-nation congestion pricing plan, which has been decades in the making, is slated to start June 30. Drivers using E-ZPass will pay as much as $15 to enter Manhattan south of 60th Street. But even as Ms. Hochul believes that congestion pricing is good environmental policy, she has concerns that the timing was less than ideal, according to a person familiar with her thinking. The governor feared that it might deter commuters from returning to the central business district, which has yet to fully recover from the pandemic.

Persons: Kathy Hochul, Hochul Locations: Manhattan, New York City

☆ Ron Edmonds, 77, Whose Camera Captured the Shooting of Reagan, Dies
▼ + stars: | 2024-06-04 | by ( Richard Sandomir | ) www.nytimes.com time to read: 1 min

Ron Edmonds, a photographer for The Associated Press who won a Pulitzer Prize for a dramatic series of pictures of the attempted assassination of President Ronald Reagan and the takedown of the gunman outside a Washington hotel in 1981, died on Friday in Falls Church, Va. His wife, Grace Feliciano Edmonds, said he died in a hospital from pneumonia linked to a bacterial infection. It was only Mr. Edmonds’s second day on the White House beat when he was assigned to cover a speech by President Reagan to an A.F.L.-C.I.O. group at the Washington Hilton on March 30, 1981. After rushing to leave the hotel ahead of the president, Mr. Edmonds positioned himself on the other side of the presidential limousine, expecting that Reagan would do little more than wave to onlookers before returning to the White House.

Persons: Ron Edmonds, Ronald Reagan, Grace Feliciano Edmonds, Edmonds’s, Reagan, Edmonds Organizations: Associated Press, White House, Washington Hilton Locations: Washington, Falls Church, Va

☆ While new electric vehicle sales are slowing, used sales are ramping up
▼ + stars: | 2024-06-04 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —Sales of new electric vehicles have started to slow, but the opposite is happening with used EVs. The used car sales website Carvana saw its used EV sales more than double since last year. While increases in used EV sales are huge, they still make up a small portion of overall used vehicle sales. Used EVs still cost more, on average, than used gas-powered vehicles, but they cost a lot less than new EVs. While prices for new EVs average around $63,000, prices for used ones average around $36,000, according to Cars.com.

Persons: EVs, Carvana, wasn’t, Price, Cars.com, Truecar, “, who’ve, ”, Matt Jones, ” Manheim, “ We’ve, it’s, Grace Huang, we’ve, Tesla, Jones, Rebecca Lindland, Courtney Vaughn, “ I’m, Lindland Organizations: CNN —, EV, TrueCar, Cox Automotive, Cox, Cars.com, Chevrolet, Hyundai, Hyundai Kona EV, US Department of Locations: Georgia, New York, California, ”

☆ 'TikTok got me a job I love': How Gen Z and Millennials use the social media platform to launch careers
▼ + stars: | 2024-06-04 | by ( Morgan Smith | ) www.cnbc.com time to read: +8 min

In 2024, Gen Z workers are expected to outnumber baby boomers in the American labor force for the first time. CNBC Make It explores how Gen Zers are really putting their mark on career advice, office culture and more. Much of the advice is geared toward Gen Z and younger millennials figuring out their place in a chaotic post-pandemic work landscape. Much of the career advice on TikTok echoes the tips shared in podcasts, YouTube videos and LinkedIn thought pieces. It's just the aesthetics and format that are different — and more appealing — to Gen Z.

Persons: Jade Walters, TikTok, Gen, Zers, Baron Leung didn't, Leung, Weeks, Baron Leung, it's, jobseekers, Z, Joe Biden, It's, Walters, I've, Gen Z, Grace Dunlavy, Dunlavy, New York — Organizations: CNBC, LinkedIn, Zenith, Pew Research Center, Howard University, Saint Louis University Locations: Toronto, U.S, Chicago, New York

☆ The best hidden gems to visit in summer tourist hot spots, from someone who's been to every European country
▼ + stars: | 2024-06-04 | by ( Maria Noyen | ) www.businessinsider.com time to read: +6 min

If so, we'll take a wild guess that you're visiting either Spain, Italy, France, or Greece. Here, Abbamonte shares a few alternatives to popular tourist hot spots that anyone visiting Spain, Italy, France, and Greece should check out. Related stories"I've done a lot of road trips around the north of Spain," Abbamonte said. Even so, some of Abbamonte's favorite spots in Italy don't get the love he believes they deserve. AdvertisementOne of his favorites is Biarritz, a seaside hub known for its surfing culture in the Basque region of France.

☆ Shocking Indian election results are a crushing blow to Modi
▼ + stars: | 2024-06-04 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Indian Prime Minister Narendra Modi's party has suffered a devastating blow. Though Modi is claiming victory, his party is seeing major losses in the country's general election. AdvertisementFor a decade, Indian Prime Minister Narendra Modi has held a decisive grip on his country's politics. Modi, who leads India's Bharatiya Janata Party, is claiming victory for a historic third term as the country's prime minister. But even though Modi is projected to hold on to his position, his party isn't doing as well as he'd predicted.

Persons: Narendra Modi's, Modi, —, Narendra Modi, India's Organizations: Indian, Service, India's Bharatiya Janata Party, Business

☆ Inside China's plan for AI: shape reality and enforce its power
▼ + stars: | 2024-06-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at China's strict approach to overseeing its AI development and the threat it poses to the world. The country's history of censorship and surveillance is extending to its approach to AI , writes Business Insider's Linette Lopez. AdvertisementThe CCP's plan for AI is about shaping reality and enforcing its power, according to internal documents. What to do ahead of May's jobs report. Permabull Tom Lee said it's a great time to buy stocks — shocking — with a new jobs report set to drop on Friday.

Persons: —, Kiran Ridley, Stringer, Getty, Tyler Le, Insider's Linette Lopez, Linette, chatbots, Jinping, Xie Huanchi, we've, Ken Griffin's, Permabull Tom Lee, it's, Stocks, Keith Gill, It's, Amazon's, Alyssa Powell, boomer, Gen, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett, Annie Smith Organizations: Service, Harvard, Business, Chinese Communist Party, of, People, Getty, Citadel Securities, BI, GameStop, Cloud, Prime, Apple, American Express, Research, Boomers Locations: China, Beijing, Xinhua, New York, London, Chicago

☆ I tried Starbucks' new boba-inspired summer drinks. They looked stunning, but one was really lacking in flavor, and I wouldn't pick them over real boba.
▼ + stars: | 2024-06-03 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Starbucks has rolled out a line of boba-inspired Refresher drinks in the US. The blue beverages all include raspberry-flavored popping pearls and its new Summer-Berry Refreshers mixture. The drinks looked very attractive, although the coconut-milk-based beverage was lacking in flavor. AdvertisementStarbucks has rolled out its first-ever line of boba-inspired drinks in the US as part of its summer menu. The new drinks, which all have lengthy names, are the Summer-Berry Lemonade Starbucks Refreshers Beverage, the Summer Skies Drink Starbucks Refreshers Beverage, and the Summer-Berry Starbucks Refreshers Beverage.

Persons: Berry, — Organizations: Starbucks, Service, Beverage, Refreshers Beverage, Business

☆ A pandemic fraud trial took a 'mob movie' twist when a juror got a bag filled with $120,000 in cash
▼ + stars: | 2024-06-03 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

A wild attempted bribery is rocking a Minnesota pandemic fraud trial. A woman dropped off a bag of $120,000 in cash to the juror's house. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLike something straight out of a mob movie, a juror in a Minnesota pandemic fraud trial was offered $120,000 cash to vote for acquittal. This story is available exclusively to Business Insider subscribers.

Persons: —, Joseph Thompson Organizations: Service, Business Locations: Minnesota

☆ Plastics and Social Media: N.Y. Lawmakers’ End-of-Session Targets
▼ + stars: | 2024-06-03 | by ( Grace Ashford | Claire Fahy | ) www.nytimes.com time to read: +1 min

In New York, the state legislative session runs for roughly 60 days spread out from January to early June, but most of the actual passing of laws occurs over two periods. Kathy Hochul rush to squeeze in legislative priorities they couldn’t shoehorn into the budget. In most years, the Legislature passes roughly 1,000 bills for the governor to sign or veto. Some proposals, like a measure that would restrict social media companies from using algorithms on minors, are known to have the backing of Ms. Hochul, a centrist Democrat from Buffalo. Others — like a bill restricting state business with companies that contribute to tropical deforestation — seem likely to face a steeper road to becoming law.

Persons: Kathy Hochul, Hochul Organizations: Capitol, Lawmakers, Democrat Locations: New York, Buffalo

☆ Nvidia's latest roadmap shows how it plans to keep the lead in the AI chip race
▼ + stars: | 2024-06-03 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

NVDA .SPX 1Y mountain Nvidia's stock performance over the past 12 months compared with the S & P 500. The fresh details Sunday underscore Nvidia's commitment to roll out a new version of its AI chip platform roughly every year, instead of the two-year cadence it used to follow. In a sign of the competition, Advanced Micro Devices , Nvidia's main rival in the booming AI chip market, also highlighted plans at Computex to release updated processors each year. The product announcements "continue to bolster" Nvidia's AI leadership position, Bank of America analysts wrote to clients Monday. The firm reiterated its price target of $1,500 per share and top-pick designation on Nvidia's stock.

Persons: Rubin, Blackwell, Jensen Huang, Taiwan —, Vera, Hopper, Grace, Vera Rubin —, what's, Goldman, Jim Cramer's, Jim Cramer, Jim, Sam Yeh Organizations: Nvidia, Devices, AMD, Microsoft, Blackwell, Smithsonian, Wall Street, Bank of America, CNBC, AFP, Getty Locations: Blackwell, Taiwan, Computex, Taipei

☆ Feds raise concerns that releasing Biden audio would spark a deepfake frenzy
▼ + stars: | 2024-06-03 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. The DOJ clapped back against the groups in a legal filing late last week, arguing that releasing the audio could ignite an AI-powered, deepfake frenzy. Though a full transcript of the Biden-Hur interview was released in March, Republicans have been demanding the DOJ release the audio recordings. Nearly a dozen news outlets, including Business Insider, have also sued to get the audio released, Politico reported. A politics and national security expert previously told Business Insider that Republicans could, for example, use the tapes as "raw material for campaign ads."

Persons: —, doesn't, Biden, Robert Hur, Hur Organizations: Service, of Justice, Business, DOJ, Biden, Republicans, Judicial Watch, Heritage Foundation, Politico, Democratic Locations: New Hampshire

☆ Singapore minister shares how the country plans to cut energy consumption for seawater desalination
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSingapore minister shares how the country plans to cut energy consumption for seawater desalinationGrace Fu, Singapore's minister for sustainability and the environment, discusses the country's plan for water sustainability ahead of Singapore International Water Week.

Persons: Grace Fu Organizations: Email Singapore, Singapore International Water Locations: Grace, Singapore

☆ The battle over Elon Musk's pay package is a showdown between his army of supporters and institutional investors
▼ + stars: | 2024-06-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Read previewTesla is setting the stage for a battle between some vocal institutional investors and some of Elon Musk's biggest supporters. The executive pay plan, which was first approved in 2018, is centered on a series of goalposts around Tesla's financial growth. AdvertisementMeanwhile, Tesla has argued that the pay package is both fair and necessary to maintain Musk's focus on the car company. AdvertisementThe Tesla CEO has also promoted the proposal and criticized institutional investors who have spoken out against the pay plan. Ahead of the June 13 shareholder meeting, shareholders will be asked to vote on several other proposals in addition to Musk's pay package.

Persons: —, Elon Musk's, Musk, Tesla, Leo Koguan, Bloomberg —, Adam Jonas, Morgan Stanley's, Morgan Stanley, Anat Alon, Beck, Alon, I'd, they'd, Kimbal Musk, Murdoch Organizations: Service, Business, Securities and Exchange Commission, P Global Market Intelligence, Reuters, Bloomberg, Case Western Reserve University, Texas Locations: Elon, Delaware, Texas

☆ Doctor-Assisted Death Is Legal in 10 States. Could New York Be No. 11?
▼ + stars: | 2024-06-01 | by ( Erin Nolan | Grace Ashford | ) www.nytimes.com time to read: 1 min

The sounds of protest came forcefully from the Assembly chamber gallery, the chants echoing the words emblazoned on handmade banners that were held aloft: “Stop the suffering, pass the bill!”But as New York State troopers began to remove some of the protesters — some holding canes, others slowed by the effects of cancer treatment — it was clear that this demonstration held personal and immediate resonance to those participating. The protest was the latest in an increasingly desperate series of demonstrations aimed at persuading state legislators to pass a bill that would legalize so-called medical aid in dying, allowing terminally ill people access to life-ending medication for the first time in the state. New York is one of 19 states where lawmakers are considering bills that would legalize medical aid in dying, a practice that is legal in 10 states and Washington, D.C.

Organizations: New York State Locations: New, New York, Washington

We have everything you need to know on how to watch Wilder vs. Zhang from anywhere in the world. How to watch Wilder vs. Zhang in the US & CanadaWilder vs. Zhang will be available to live stream through DAZN in the US and Canada. So, you'll only need to pay $69.99 for the Wilder vs. Zhang PPV event upfront. Shop at DAZNHow to watch Wilder vs. Zhang in the UKDAZN will also live stream the fight in the UK. How to watch Wilder vs. Zhang in 200 other countriesDAZN is available in more than 200 countries.

Persons: Wilder, Zhang, Joshua scuppered, Joseph Parker, Parker, We've, you'll, DAZN, Canada Wilder, It's, Usyk, ExpressVPN, hasn't, they're, Wilder Dubois, Hrgovic, Ford, Williams Hutchinson, Richards Organizations: Business, Fury, Kiwi, Canada, Wilder Locations: Riyadh, tatters, It's, Canada, Dubois

Mortgage rates are up slightly after initially trending a bit lower over the past few weeks. "Following several weeks of decline, mortgage rates changed course this week," Sam Khater, Freddie Mac's chief economist, said in a press release. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 15-year Fixed Mortgage RatesLast week, average 15-year mortgage rates were 6.36%, a 12-basis-point increase from the previous week, according to Freddie Mac data. Once the Fed cuts rates, mortgage rates should fall even further.

Persons: Freddie Mac, Sam Khater, Freddie Mac's, you'll, it's Organizations: Federal Reserve, Zillow Locations: Chevron

Search resuls for: "grâce"

25 mentions found