DIRS.INFO The most relevant business & tech news

☆ Tesla is luring Chinese customers with the possibility of a free tour of its Fremont factory if they buy a car
▼ + stars: | 2024-05-28 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Tesla is courting its Chinese customers aggressively. Besides price cuts, the EV giant says it's holding a lucky draw for customers. The company says it will fly winners to the US, where they will tour its Fremont factory. The EV giant said in a Weibo post on Sunday that Chinese customers who take delivery of their Teslas between May 25 and June 30 will stand a chance to win a factory tour in Fremont, California. In addition to the trip, Tesla said its customers could also win 10,000 kilometers in free mileage on the company's Supercharger network.

Persons: Tesla, — Organizations: Fremont, Service, Weibo Locations: Fremont , California

☆ China's latest weapon of war is a gun-toting robot dog
▼ + stars: | 2024-05-28 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

China unveiled robot dogs with machine guns that could replace soldiers. The move aligns with China's increased military budget and global shift toward robotic warfare. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina has showcased robot dogs capable of firing machine guns in the latest display of its military prowess. The remote-controlled robots were unveiled during a military training exercise conducted by China and Cambodia earlier this month.

Persons: — Organizations: Service, Business Locations: China, Cambodia

☆ Gen Zers are spending hundreds of dollars on dirty sneakers, and parents are shocked
▼ + stars: | 2024-05-28 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

On Net-A-Porter, the most expensive Golden Goose shoe costs just over $1,000, while the cheapest is $420. Some of the more expensive Golden Goose sneakers. www.goldengoose.comInterest in Golden Goose sneakers was bubbling among Zoomers last summer and seems to have boomed in 2024. Some Golden Goose disciples say they've been questioned about why they would buy dirty shoes, particularly for hundreds of dollars. When Schiffer's mom noted ripped jeans are in style too, her father asked: "Why don't you just buy my old sneakers?"

Persons: —, Porter, Francesca Rinaldo, Alessandro Gallo, they've, Dunks, Golden, Taylor Swift, Selena Gomez, Hilary Duff, Silvio Campara, aren't, Sydney Schiffer, there's, Schiffer, I'm Organizations: Service, Business, Super, Adidas, Bloomberg, Financial Times Locations: Milan

☆ A flight attendant broke her back during severe turbulence on a flight in Turkey — the 3rd major incident of its kind in a week
▼ + stars: | 2024-05-28 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Read previewA Turkish Airlines flight attendant has broken her back after the plane she was on hit turbulence, local media reported. The turbulence hit while the plane was flying over Turkey, Dublin Airport told Business Insider. AdvertisementIt isn't clear if the patch of turbulence hit by the Qatar plane was the same as that which impacted the Turkish Airlines flight. AdvertisementSevere turbulence dislodged oxygen masks and caused injuries to dozens of passengers on Singapore Airlines flight SQ321. Instances of severe injuries linked to turbulence remain rare, with around a dozen people a year badly hurt due to turbulence in the US, according to the FAA.

Persons: —, Geoff Kitchen, Stringer, Emma Henderson Organizations: Service, Turkish Airlines, Airbus, Turkey's, Business, Hurriyet, Qatar Airways, Dublin, Dublin Airport, Singapore Airlines, Reuters, Associated Press, FAA, UK's University of Reading Locations: Turkey's, Istanbul, Izmir, Doha, Turkey, Qatar

☆ Some wealthy people trying to sell their luxury homes are struggling
▼ + stars: | 2024-05-28 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +5 min

Read previewThe world of luxury real estate might seem like a place where deals are plentiful, transactions are swift, and satisfaction is guaranteed. "I wanna be free to garden and travel and not have to worry about the house — but I'm not taking nothing," Morgan told Curbed. "A lot of luxury buyers may already have a primary home, so maybe they're looking for a new investment," StreetEasy Senior Economist Lee said. AdvertisementThat's partly why more luxury buyers are increasingly considering renting out their homes rather than selling them, he added. Concierge AuctionsLee noted another factor contributing to the difficulty of selling luxury properties: the high costs associated with their maintenance and upkeep.

Persons: —, Kenny Lee, Sonja Morgan, John Adams Morgan, Morgan Chase, Morgan, Curbed's Bridget Read, I'm, Michael Jordan, There's, Nile Niami, Richard Saghian, Ron DeSantis, Lee, canalso, It's Organizations: Service, Business, Housewives, New, Fashion, Florida Gov, Morgans, Yorker Locations: New York City, New York, Chicago, Los Angeles, Upper Eastside

☆ T-Mobile is buying most of US Cellular for $4.4 Billion
▼ + stars: | 2024-05-28 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Telecoms giant T-Mobile is buying US Cellular's wireless operations for $4.4 billion. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementT-Mobile has struck a deal to buy "substantially all" of US Cellular's wireless operations for around $4.4 billion. T-Mobile will acquire US Cellular's wireless operations and around 30% of its spectrum assets. The company will also extend its leases on 600 US Cellular towers and sign long-term leases on around 2,100 more.

Persons: Ryan Reynolds, — Organizations: Mobile, Mint Mobile, Service Locations: Chicago

☆ A top nutrition scientist eats 30 plants a week for gut health. His 'diversity jar' makes it easy.
▼ + stars: | 2024-05-28 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +1 min

Dr. Tim Spector, an epidemiologist, tries to eat 30 plants a week for better gut health. It involves keeping a "diversity jar" full of nuts and seeds. AdvertisementA top nutrition scientist shared his easy hack for reaching his target of eating 30 different plants each week. Dr. Tim Spector, a British epidemiologist and cofounder of the nutrition company ZOE, told Business Insider that he keeps a "diversity jar" on hand to increase the number of plants he eats to improve his gut health. A diversity jar is "simply a collection of nuts, seeds, and other plants that you can eat as a snack or add to meals," he said.

Persons: Tim Spector, —, ZOE Organizations: Service, Business Locations: British

☆ U.S. court to hear challenges to potential TikTok ban in September
▼ + stars: | 2024-05-28 | by ( ) www.cnbc.com time to read: +2 min

Under the appeals court schedule, the creators, TikTok and ByteDance must file legal briefs by June 20 and the Justice Department by July 26, with reply briefs due by Aug. 15. TikTok and the Justice Department have sought a ruling by Dec. 6 in order to seek review from the Supreme Court if needed. The law, signed by President Joe Biden on April 24, gives ByteDance until Jan. 19 to sell TikTok or face a ban. The White House says it wants to see Chinese-based ownership ended on national security grounds, but not a ban on TikTok. The law prohibits app stores like Apple and Alphabet's Google from offering TikTok and bars internet hosting services from supporting TikTok unless ByteDance divests TikTok.

Persons: TikTok, ByteDance, Joe Biden Organizations: U.S, Capitol, TikTok's, Appeals, District of Columbia, Justice Department, Apple, Google Locations: Washington ,, U.S, China, TikTok's U.S

☆ Elon Musk runs successful companies. That doesn't mean he's doing it very well, HR experts say.
▼ + stars: | 2024-05-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

Advertisement"Desperate times call for desperate measures," Musk told CNBC's David Faber in May 2023. On top of Tesla and X, Musk also runs SpaceX, Neuralink, AI startup xAI, and an underground tunnel company. AdvertisementAt Tesla, Musk told his employees that he would personally approve all new hires, according to an email obtained by Business Insider. Musk is also known to have fired employees who disagreed with his decisions. AdvertisementOther former Twitter employees and executives have sued Musk, accusing him of unpaid severance pay.

Persons: —, Elon Musk, Tesla, Musk, CNBC's David Faber, Lex Fridman, Walter Isaacson, Musk's, Alec Levenson, " Levenson, Spencer Platt, that's, Weeks, Kali Hays, Levenson Organizations: Service, EV, Bloomberg, Twitter, Business, SpaceX, University of Southern California Marshall Center, Getty, New York Times, National Labor Relations, BI, NLRB, Musk's SpaceX, Twitter's Locations: York

☆ Nvidia stock has 258% upside as its 'impenetrable moat' will propel it to a $10 trillion valuation by 2030, tech analyst says
▼ + stars: | 2024-05-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

That's according to I/O Fund tech analyst Beth Kindig, who said Nvidia has a massive moat around its business. Kindig said the next leg of growth for Nvidia will come from its CUDA software platform. AdvertisementNvidia stock will surge 258% from current levels and hit a $10 trillion market valuation by 2030, according to I/O Fund tech analyst Beth Kindig. This is very, very early for Nvidia," Kindig told CNBC on Tuesday. "The CUDA software platform is what developers learn on.

Persons: Beth Kindig, Kindig, —, Nvidia's, Blackwell, Kindig's, They're Organizations: Nvidia, Blackwell, Fund, Service, CNBC, AMD, Intel, Amazon

☆ Russian experts were guiding North Korea's space program ahead of Pyongyang blowing up its latest satellite: South Korean report
▼ + stars: | 2024-05-28 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

And that was despite Russian space experts recently arriving to guide North Korea's space program, South Korean news agency Yonhap reported a day before the failed launch, citing a senior defense official who was not named. It's unclear exactly how many technicians were sent to North Korea, when they might have arrived, or how they might have advised Pyongyang. Yonhap reported that North Korea's space rockets also likely face issues with their second and third-stage engines. South Korea has for months said that North Korea's sole successful satellite launch of 2023 came off the back of Russian assistance. The US Indo-Pacific Command noted that Pyongyang's Monday launch appeared to use technology related to North Korea's ballistic missile program.

Persons: —, Yonhap, Vladimir Putin, it's Organizations: Service, Korea, Business, South Korean, Russian Ministry of Foreign Affairs, Business Insider, North, Pacific Command, United Nations Locations: Korean, North Korea, Pyongyang, Russia, North, Ukraine, Moscow, South Korea, Seoul

☆ Russia is producing shells 3 times faster than Ukraine's NATO allies, and for less: report
▼ + stars: | 2024-05-28 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

Russia is producing shells 3 times faster than Ukraine's allies, a report said. The report said Russia was also producing shells more cheaply. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia is producing artillery shells faster and at a lower price than Ukraine's NATO allies, a report found. By comparison, the US, the UK, and other European allies are expected to produce 1.3 million this year.

Persons: — Organizations: Service, NATO, Bain & Company, Sky News, Business Locations: Russia, Ukraine

☆ North Korea said its new liquid oxygen engine caused the downfall of its latest spy satellite and blew it up in midair
▼ + stars: | 2024-05-28 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewNorth Korea said on Monday that its latest spy satellite launch failed, with its rocket exploding during the first stage of flight that evening. The attempted space launch has been blasted by South Korea, which they said North Korea warned them about. It further warned that North Korea appeared to have launched the satellite using technology from its international ballistics missile programs. But South Korea has been warning that Pyongyang is still able to pull off satellite launches with Russia's help. North Korea has denied its participation in any arms exchange with Moscow.

Persons: —, Minoru Kihara Organizations: Service, Korean Central News Agency, National Aerospace Technology Administration, Business, KCNA Watch, North, KBS, Seoul, Pacific Command, UN, US Locations: Korea, Seoul, Pyongyang, Japan, South Korea, North Korea, Beijing, Ukraine, Russia, Moscow

☆ Scientists explain why orcas keep ramming yachts
▼ + stars: | 2024-05-28 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

But scientists now believe the orcas actually don't have malicious intent — they're just being silly. AdvertisementDespite the damage the orcas have done, scientists believe the orcas are not trying to be aggressive or destructive. But in the sea there's not much for the orcas to interact with, so they play with the rudders." Scientists believe young juvenile orcas, who tend to be more curious and exploratory, started the trend, which then spread through the population, according to the report. Scientists believe it's likely because the tuna population, the Iberian killer whales' primary food source, has dramatically increased in recent years, giving the orcas more time away from hunting, according to the report.

Persons: —, who've, Renaud de Stephanis, CIRCE Organizations: Service, International Whaling Commission, Business, USA Locations: Spain, Portugal, Morocco, Spanish

☆ Glen Powell said he almost went broke waiting for 'Top Gun: Maverick' to debut because Tom Cruise didn't want it on a streamer. Then it made $1.5 billion.
▼ + stars: | 2024-05-28 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Read previewGlen Powell said his bank account was "depleting" while he waited for "Top Gun: Maverick" to arrive in theaters after Tom Cruise delayed the sequel during the pandemic. In an interview published in The Hollywood Reporter last week, Powell said he landed in financial difficulty after Cruise refused to release "Maverick" on a streaming service. AdvertisementCruise had faith in the film, which is why he wanted to ensure its theatrical release. According to Box Office Mojo, "Top Gun: Maverick" raked in $1.495 billion worldwide. Powell saw similar success with a theatrical versus streaming release with the recent R-rated rom-com, "Anyone But You," featuring Sydney Sweeney.

Persons: —, Glen Powell, Tom Cruise, Jake, Cruise, Val Kilmer, Miles Teller, Jon Hamm, Powell, I'd, Tom, Sydney Sweeney, Syd Organizations: Service, Business, Hollywood, Office

☆ The S&P 500 will climb another 6% by year-end as recession risk subsides, UBS says
▼ + stars: | 2024-05-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

UBS lifted its S&P 500 price target from 5,400 to 5,600, marking the highest target on Wall Street. The new estimate stems from diminishing recession risk and strong earnings growth. UBS also raised its estimate for earnings-per-share growth for 2024 and 2025. AdvertisementShrinking recession risks and estimate-beating earnings growth have prompted UBS to once again lift its S&P 500 year-end target, the bank said in a Tuesday note. Although UBS had upgraded its S&P target as recently as February, recent economic data has made that month's 5,400 forecast look too weak.

Persons: —, Jonathan Golub, Gary Schilling Organizations: UBS, Service, Chicago

☆ Here are Tuesday's biggest analyst calls: Nvidia, Meta, Dell, Amazon, Apple, CrowdStrike, Netflix, Airbnb & more
▼ + stars: | 2024-05-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS upgrades Globant to buy from neutral UBS said it sees "demand stabilization" for the IT and software development company. Wedbush upgrades Airbnb to outperform from neutral Wedbush said investors should buy the dip in shares of Airbnb. Morgan Stanley reiterates CrowdStrike as a top pick Morgan Stanley raised its price target on the stock to $422 per share from $372. Morgan Stanley reiterates Microsoft and Meta as overweight Morgan Stanley said in its analysis of large-cap institutional ownership that Microsoft is most under-owned and Meta the most over-owned. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley said the e-commerce giant has a "widening" competitive advantage. "

Persons: Melius, Truist, Mizuho, Hannifin, it's, Futu, Steve Steinour, Zach Wasserman, Huntington, NCLH, Wells, Morgan Stanley, CrowdStrike, Dell, John Donovan, JMP, Guggenheim Organizations: Nvidia, Parker, Mizuho, Argus, UBS, JPMorgan, NASDAQ, 38ppt, " Bank of America, Bank of America, RBC, Netflix, &, Deutsche Bank, Deutsche, Citi, DuPont, Department of Justice, TAM, Guggenheim, Microsoft, Meta, Apple Locations: Asia, Airbnb, ZS, China

☆ Memorial Day weekend marred by severe weather — and it's not over
▼ + stars: | 2024-05-28 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +1 min

Memorial Day weekend was marred by severe storms across the US. Scientists blame the heat and say the severe weather will continue. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMemorial weekend is the unofficial start of summer, and this year it was marred by a series of severe weather incidents that scientists say could continue as temperatures rise. Severe weather, including thunderstorms and tornados, swept across Texas, Oklahoma, Arkansas, and Kentucky over the holiday weekend, destroying buildings and killing over 20 people, according to the Associated Press.

Persons: — Organizations: Service, tornados, Associated Press, Business Locations: Maryland , Texas, Texas , Oklahoma , Arkansas, Kentucky

☆ Elon Musk just spent a chunk of his Memorial Day weekend needling Meta's AI chief on X
▼ + stars: | 2024-05-28 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Meta's AI chief Yann LeCun is an award-winning computer scientist. But Elon Musk says he isn't impressed with LeCun's scientific work. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMeta's AI chief, Yann LeCun, might have won a Turing Award for his contributions to computer science, but Elon Musk doesn't seem too impressed with his work. Musk asked LeCun in an X post on Monday.

Persons: Yann LeCun, Elon Musk, isn't, LeCun, —, Elon, Musk's, Musk Organizations: Service, SpaceX Locations: LeCun

☆ Inside Amazon's struggle to crack Nvidia's AI chip dominance
▼ + stars: | 2024-05-28 | by ( Eugene Kim | ) www.businessinsider.com time to read: +14 min

The in-house AI chip efforts have yet to make a major dent in Nvidia's grip on the market. 'Parity with CUDA'Internally at Amazon, Nvidia's CUDA platform is repeatedly cited as the biggest roadblock for the AI chip initiative. AdvertisementAn obvious response to this would be to have cloud customers use Amazon's own AI chips instead. AdvertisementFor example, AWS's AI chips still have "compatibility gaps" in certain open-source frameworks, making Nvidia GPUs a more popular option. Don't count Amazon outDespite Amazon's AI chip struggles, the effort seems to have caught the attention of Nvidia's CEO Jensen Huang.

Persons: —, Bernstein, Stacy Rasgon, I'm, Rasgon, Adam Selipsky, Jensen Huang, Andy Jassy, Inferentia, Trainium, We're, Snowflake's, Sridhar Ramaswamy, Eóin Noonan, Ramaswamy, James Hamilton, Jassy, Gartner, Amazon's, Huang Organizations: Service, Microsoft, Google, Business, Nvidia, Intel, Amazon, BI, Annapurna, NVIDIA CUDA, Netflix, Neuron, AWS, Amazon VP, James Hamilton Amazon, Amazon SVP Locations: Inferentia, Toronto, Canada, CUDA

☆ Target slashed this year's Pride collection after last year's backlash, leaving some LGBTQ+ insiders feeling alienated
▼ + stars: | 2024-05-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +7 min

Read previewOn Tuesday, May 14th, members of Target's LGBTQ+ employee resource group logged on for a much-anticipated virtual meeting to preview the 2024 Pride collection, two council members told Business Insider. Target's online Pride collection on May 28. But late last May, conservative protesters took aim at Target's Pride collection, falsely claiming the merchandise was "Satanic" and sexualized minors. However, the two Pride Council members and multiple LGBTQ+ vendors who worked on past Pride collections told BI they feel the company hasn't done enough to rebuild its relationship with its LGBTQ+ partners over the past year. AdvertisementOne of the employees involved in the Pride Council told BI that a lot of LGBTQ+ people, herself included, joined Target specifically because of its stated support for trans and queer rights.

Persons: —, Brand Management Carlos Saavedra, Dominick Reuter, Erik Carnell, hasn't, Hayley Marzullo, Marzullo, Leslie Garrard, Garrard Organizations: Service, Business, Brand Management, Pride +, Council, Target, Pride Council, Christian Right, BI Locations: —

☆ Saudi Arabia is reportedly trying to plug a $21 billion deficit by selling bonds
▼ + stars: | 2024-05-28 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Read previewSaudi Arabia plans to raise money by selling bonds as it presses ahead with massive spending projects, Bloomberg reported. Riyadh previously sold $12 billion of sovereign debt in January, while planned desert megacity Neom has also reportedly mulled issuing Islamic bonds in a bid to raise more cash. AdvertisementThe latest bond sale comes as Saudi Arabia presses ahead with Mohammed bin Salman's Vision 2030 plan that seeks to diversify its oil-reliant economy. In February, The Wall Street Journal reported that Saudi Arabia had started borrowing to help fund Neom and other Vision 2030 "gigaprojects."

Persons: —, Goldman Sachs, Mohammed bin Salman's, Cristiano Ronaldo, Karim Benzema, Neymar, LIV, Tim Callen Organizations: Service, Bloomberg, Business, Citigroup, BNP, Saudi Pro League, Street Journal, Gulf States Institute Locations: Saudi Arabia, Riyadh, Washington, Saudi

☆ Golden Goose, the luxury sneaker worn by Taylor Swift and other celebs, could go public this week
▼ + stars: | 2024-05-28 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Golden Goose eyes a public listing in Milan this week, aiming for a $3.3 billion valuation. The luxury sneaker brand is popular with celebrities and starts at about $364 per pair. AdvertisementLuxury sneaker maker Golden Goose plans to go public in Milan as soon as this week. Golden Goose may start working on its initial public offering this week following positive feedback from potential investors, people familiar with the matter told Bloomberg. Investors are expected to value Golden Goose at about 11 times this year's estimated earnings.

Persons: —, Taylor Swift, Selena Gomez, Hilary Duff Organizations: Service, Bloomberg, Investors, Business Locations: Milan

☆ OpenAI CEO Sam Altman pledges to give away the majority of his wealth
▼ + stars: | 2024-05-28 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Sam Altman is vowing to give most of his money away. The OpenAI CEO and his partner, Oliver Mulherin, recently signed the Giving Pledge. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFresh off of hitting billionaire status earlier this year, Sam Altman is vowing to give away most of his wealth. The OpenAI CEO and his partner, Oliver Mulherin, recently signed the Giving Pledge.

Persons: Sam Altman, Oliver Mulherin, Altman, — Organizations: Forbes, Bloomberg, Service

☆ Adam Neumann gives up on his plan to buy back WeWork
▼ + stars: | 2024-05-28 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Adam Neumann is giving up on plans to re-acquire WeWork. He called a different bankruptcy plan that cut him out "unrealistic and unlikely to succeed." AdvertisementAdam Neumann is abandoning his plans to re-acquire WeWork. Last month, the company announced a separate plan to emerge from bankruptcy that cut him out of its future. "Instead, the company looks to be emerging from bankruptcy with a plan that appears unrealistic and unlikely to succeed."

Persons: Adam Neumann, —, Neumann, he's, WeWork Organizations: Service

Search resuls for: "APP"

25 mentions found