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☆ Gen Z wants work flexibility almost as much as they want fair pay
▼ + stars: | 2024-05-29 | by ( Tim Paradis | ) www.businessinsider.com time to read: +1 min

Young workers value job flexibility nearly as much as competitive pay, a survey showed. Gen Zers prioritize flexibility for work-life balance, research indicates. Most Gen Zers prefer in-person or hybrid work setups over fully remote work. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFor some young workers, having flexibility in their jobs is nearly as important as how much they get paid.

Persons: Zers, — Organizations: Service, Business

☆ South Africa election most contested we've seen in 30 years, Chatham House says
▼ + stars: | 2024-05-29 | 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 EmailSouth Africa election most contested we've seen in 30 years, Chatham House saysChristopher Vandome, senior research fellow at Chatham House, says it's "the most contested election that we've seen in 30 years since South Africa came to democratic rule in 1994."

Persons: Christopher Vandome, we've Organizations: Chatham, Chatham House Locations: Africa, South Africa

☆ More people will never own a home — they're the 'forever renters'
▼ + stars: | 2024-05-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

These "forever renters" vary widely in their reasons for not pursuing home ownership. Others prefer the flexibility to move and freedom from ownership costs that renters enjoy. Homeownership and renting have numerous pros and cons, making it hard to say whether forever renters are acting shrewdly or making a big mistake. Renters avoid large down payments and the varying costs of homeownership, such as mortgage payments, taxes, maintenance, and repairs. It's also cheaper to change the place you're renting than the place you're buying because of real-estate agent fees."

Persons: —, Grant Wilson, Eunjee Kwon, David Brasington, Kautz, There's, Colin Lizieri, they've Organizations: Service, Business, University of Regina, University of Cincinnati, University of Cambridge Locations: Germany, Switzerland

☆ Morgan Stanley picks global stocks to ride the Nvidia boom — and gives 4 more than 50% upside
▼ + stars: | 2024-05-29 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Investor darling Nvidia is dominating headlines once again after its earnings last week surpassed expectations on the back of the artificial intelligence boom. Morgan Stanley notes that the reaction to Nvidia's first quarter results is "very telling on how much buying power still exists in the market." Here are seven of Morgan Stanley's overweight-rated stocks to play these AI themes: Overweight-rated stocks Among Morgan Stanley's list of AI stock opportunities are South Korean tech giant SK Hynix and Taiwanese chipmaker Taiwan Semiconductor Manufacturing Company . SK Hynix stocks are held in the iShares MSCI South Korea ETF (8.4% weight) and Franklin FTSE South Korea ETF (8.3% weight). Shares in TSMC are included in the iShares MSCI Taiwan ETF (25.1% weight) and Franklin FTSE Taiwan ETF (22.2% weight) Beyond the headline-makers, Morgan Stanley also sees potential in Japanese manufacturer Advantest Corp .

Persons: Morgan Stanley, Nvidia's, Hopper, Morgan Stanley's, Morgan, Goldman Sachs, — CNBC's Michael Bloom Organizations: Nvidia, SK Hynix, Taiwan Semiconductor Manufacturing Company, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, Advantest Corp, Japan Equity, JPMorgan BetaBuilders Japan, Alchip Technologies, Technology, Memory Technology, Micronics Locations: Asia, Korean, Korea, Franklin FTSE South, Taiwan, Franklin FTSE Taiwan

☆ Apex, the Largest Stegosaurus Fossil Ever Found, Heads to Auction
▼ + stars: | 2024-05-29 | by ( Asher Elbein | ) www.nytimes.com time to read: +1 min

That femur led to a stegosaurus fossil, among the largest and most complete ever found, which has subsequently been nicknamed “Apex.” In July the Sotheby’s auction house will sell Apex at auction at an estimated value of $4 million to $6 million, making the skeleton the latest flashpoint in a long-running debate about the private fossil trade. Dinosaur fossils have fetched escalating prices at auction houses since 1997, when Sotheby’s sold “Sue” the Tyrannosaurus rex to the Field Museum in Chicago for $8.36 million. In 2020, “Stan,” another largely complete T. rex skeleton, sold at Christie’s for $31.8 million. Such pricing has raised serious concerns among academic paleontologists, said Stuart Sumida, vice president of the Society of Vertebrate Paleontology. Many of them have watched fossils that may unlock scientific mysteries get steered into the hands of wealthy private collectors rather than toward research institutions in recent decades.

Persons: Jason Cooper, Sotheby’s, Sue ”, “ Stan, ”, Stuart Sumida Organizations: Apex, Field Museum, Vertebrate Locations: Colorado, Dinosaur, ”, Chicago

☆ The work perk that GenZ really wants
▼ + stars: | 2024-05-29 | by ( Tim Paradis | ) www.businessinsider.com time to read: +1 min

Persons: Zers, — Organizations: Service, Business

☆ Mexico’s next president will be a woman. But violence has overshadowed the glass ceiling being shattered.
▼ + stars: | 2024-05-29 | by ( Tara John | ) edition.cnn.com time to read: +11 min

Sheinbaum is riding on a wave of popularity with the support of her long-time ally, Mexican President Andrés Manuel López Obrador, and their leftist Morena party. Mexico's President Andrés Manuel López Obrador gestures during an event in Mexico City. It was a strategy that saw the son of Mexican drug lord Joaquin “El Chapo” Guzman released on the orders of López Obrador in 2019 to avoid bloodshed. The Supreme Court upheld an opposition complaint and ordered López Obrador to return the National Guard to civilian jurisdiction. Amid ongoing “gender-based violence, including femicides and disappearances,” Kloppe-Santamaría said, getting a female president at this moment feels “very paradoxical.”

Persons: Claudia Sheinbaum, “, Sheinbaum, –, Andrés Manuel López Obrador, Xochitl Gálvez, Raquel Cunha, ” Stephanie Brewer, ”, López Obrador’s, Enrique Peña Nieto’s, Ulises Ruiz, Galvez, ” Gálvez, …, ” Brewer, Felipe Calderón, “ Militarization, López Obrador, Joaquin “ El Chapo ” Guzman, Armando Perez Luna, Ivan Macias Ivan Macias, Brewer, Falko Ernst, Gema, Santamaría Organizations: CNN, Mexico City, PAN, Reuters, Washington Office, Latin, Mexico’s National Institute of Statistics, –, coy, Mirador, AFP, Getty, National Guard, Defense, Defense . Police, National Action Party, REUTERS, Crisis, ” CNN, Defence, George Washington University ., Galvaz, Mexico City police Locations: Mexico, ”, Chiapas, Mexico’s, Guatemala, Morena, Mexico City, “ Mexico, Latin America, WOLA, Mirador San Miguel, Lagos de Moreno, Jalisco State, militarization, Maravatio, Michoacan, Mexican, femicides

☆ LLMs, GPUs, and hallucinations — what you need to know about AI
▼ + stars: | 2024-05-29 | by ( Aaron Mok | Jyoti Mann | ) www.businessinsider.com time to read: +6 min

Here's a list of the people, companies, and terms you need to know to talk about AI, in alphabetical order. GPU: A computer chip, short for graphic processing unit, that companies use to train and deploy their AI models. Nvidia's GPUs are used by Microsoft and Meta to run their AI models. Multimodal: The ability for AI models to process text, images, and audio to generate an output. As a profession, prompt engineers are experts in fine tuning AI models on the backend to improve outputs.

Persons: —, Sam Altman, Altman, OpenAI's, Dario Amodei, Claude, Demis, Hassabis, Jensen Huang, Satya, Mustafa Suleyman, OpenAI, Elon Musk, Sam Bankman, Peter Thiel, Bard, James Webb, empiricists Organizations: Service, Business, OpenAI, Google, Nvidia, Microsoft, Bing, Meta, James Webb Space Telescope Locations: OpenAI, Anthropic

☆ Britain’s Snap Election: Bad News for Tories. Good for Labour? - The New York Times
▼ + stars: | 2024-05-29 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +2 min

But perhaps it will also be an indictment of the Labour Party opposition, which seems remarkably uninterested in seizing the moment. is 8.4 percent below its 2007 peak — a significant decline, which has helped make the country outside of London poorer than Mississippi. And although the prolonged slowdown in productivity may be the worst Britain has experienced since the dawn of the Industrial Revolution, the country’s struggles aren’t purely economic. Britain has been governed by austerity-minded Tories now for 14 years, and the results have been bleak. Brexit was another self-inflicted wound from the British right and is now lamented by a large majority of the public.

Persons: Rishi Sunak, Brexit, Boris Johnson’s, it’s Organizations: Conservative Party, Labour Party, Britain, National Health Service Locations: Britain, London, Mississippi, British

☆ Saudi Arabia Eyes a Future Beyond Oil
▼ + stars: | 2024-05-29 | by ( Stanley Reed | ) www.nytimes.com time to read: +1 min

At a two-hour drive from Riyadh, Saudi Arabia’s capital, rows of solar panels extend to the horizon like waves on an ocean. Looking out over 3.3 million panels, covering 14 square miles of desert, Faisal Al Omari, chief executive of a recently completed solar project called Sudair, said he would tell his children and grandchildren about contributing to Saudi Arabia’s energy transition. Although petroleum production retains a crucial role in the Saudi economy, the kingdom is putting its chips on other forms of energy. Sudair, which can light up 185,000 homes, is the first of what could be many giant projects intended to raise output from renewable energy sources like solar and wind to around 50 percent by 2030. Currently, renewable energy accounts for a negligible amount of Saudi electricity generation.

Persons: Faisal Al Omari, I’m, ”, Karim Elgendy Organizations: Middle East Institute Locations: Riyadh, Saudi, Washington

☆ 30 products that haven't been around for as long as you'd think
▼ + stars: | 2024-05-29 | by ( Zoë Ettinger | ) www.businessinsider.com time to read: +1 min

Some products feel like they've been around forever, but they're actually fairly recent inventions. It's tough to imagine life without the MacBook and iPhone, but they've only been around 20 years. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: they've, they're, —, Otto Rohwedder, Piper Sandler Organizations: Service, Gen, Business Locations: Missouri

☆ We had cellphones, then feature phones, then smartphones. Now, 'IntelliPhones' are coming.
▼ + stars: | 2024-05-29 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

If AI tools on phones can really set them apart from current devices, consumers have a new reason to buy a fresh handset. Advertisement"We see the introduction of AI smartphones (IntelliPhones) as a once in a decade upgrade event," Mohan wrote. At Google's I/O conference earlier this month, the internet giant showed off several new AI capabilities for Pixel, Samsung, and other Android phones. AdvertisementMohan at BofA describes a wide range of new capabilities that could set IntelliPhones apart from smartphones and fire up the mother of all upgrade cycles. "We view the upcoming AI enabled phones (IntelliPhones) to drive a multi-year upgrade cycle similar to the step function improvement driven by the introduction of smartphones," he wrote, calling this a "once in a decade type of event."

Persons: —, Apple, Wamsi Mohan, Mohan, Sameer Samat, Siri Organizations: Service, Bank of America Securities, Business, iPhones, Wall Street, Pixel, Samsung, Google, Apple Locations: Google's, BofA

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, First Solar, Netflix, Disney, Cava, Dell, Snowflake & more
▼ + stars: | 2024-05-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Wednesday: Bernstein reiterates Nvidia as outperform Bernstein said it's sticking with its outperform rating on the stock. " Argus upgrades Berkshire Hathaway to buy from hold Argus said it's getting bullish on shares of Warren Buffett's multinational conglomerate. UBS reiterates First Solar as buy UBS raised its price target on First Solar to $350 per share from $270. Bank of America reiterates Apple as buy Bank of America said it's bullish on top pick Apple and its entry into iPhones with AI. Bank of America reiterates Dell as buy Bank of America raised its price target on Dell to $180 per share from $130.

Persons: Bernstein, Berkshire Hathaway, Argus, it's, Fluence, LBRT, Jefferies, TD Cowen, Medpace, Cowen, Morgan Stanley, JPMorgan, Wells, Baird, MM120, Truist, Dell, Jack Hartung, Cindy Olsen Organizations: Nvidia, Argus, Warren, UBS, Citi, Liberty Energy, United Airlines, Airlines, American Airlines, " Bank of America, Apple, Bank of America, Netflix, Disney, RBC, Eldorado, Eldorado Gold, BTC, Citi downgrades Bank, JPMorgan, Mind, of America, Norwegian Cruise Line Holdings, Dell, Field Locations: Berkshire, U.S, OFS, United, El Paso, Parks, F4Q, CAVA, Chicago

☆ It may be time to take some profits in Nvidia, chart analysts say
▼ + stars: | 2024-05-29 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Nvidia is now a $2.8 trillion company, an eyewatering figure that places the graphics processing unit maker just behind Apple ($2.9 trillion) and Microsoft ($3.2 trillion) in the S & P 500. At the same time, however, more investors wonder if Nvidia is overvalued and they should start taking profits, especially as the broader market comes under pressure from higher Treasury yields. Nvidia has surged above its 50-day and 200-day moving averages, and it now boasts a price-to-earnings (P/E) ratio of 66. A move toward the upper band could mean the stock is overbought. Correction: A previous version of this article misstated the values of Nvidia, Apple and Microsoft.

Persons: Josh Brown, BTIG's Jonathan Krinsky, Krinsky, Wolfe, Rob Ginsberg, Ginsberg Organizations: Nvidia, Apple, Microsoft, Walmart, Netflix, Wealth, Bollinger

☆ A chart shows the most common symptoms of colon cancer in people under 50, as cases in younger people rise
▼ + stars: | 2024-05-29 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +1 min

The most common symptom of colon cancer in younger adults is rectal bleeding, a study found. Rates of colon cancer in people under 55 have risen significantly since the mid-1990s. AdvertisementRectal bleeding, abdominal pain, and changes in bowel habits were identified as the most common symptoms of colon cancer in younger adults in a new study. The disease is affecting more and more younger adults, as rates of colon cancer in people under 55 have risen significantly since the mid-1990s. The rate of colon cancer for people in that age group increased by about 70% from 1999 to 2020, according to Centers for Disease Control data.

Persons: — Organizations: Service, American Cancer Society, for Disease, Business

☆ There's 'a decent chance' of a conviction in Trump's hush money trial: Wolfe Research's Tobin Marcus
▼ + stars: | 2024-05-29 | 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 EmailThere's 'a decent chance' of a conviction in Trump's hush money trial: Wolfe Research's Tobin MarcusTobin Marcus, Wolfe Research’s head of policy and politics, joins 'Squawk Box' to discuss the latest developments in former President Trump's fraud trial, how the outcome of the trial could impact the November elections, and more.

Persons: Wolfe Research's Tobin Marcus Tobin Marcus, Wolfe Research’s, Trump's

☆ Dakhla Atlantic Port: How a small, windy city could become a gateway for trade
▼ + stars: | 2024-05-28 | by ( Nell Lewis | ) edition.cnn.com time to read: +4 min

Spanning 1,650 hectares, the complex will include a trade port with an oil terminal, a fishing port and a shipyard. “We’re constructing an ecosystem,” Nisrine Iouzzi, the director of construction for the Dakhla Atlantic Port, tells CNN. Gateway to AfricaThe project is part of Morocco’s national port strategy, which aims to modernize and strengthen port infrastructure by 2030, in order to enhance its role in global supply chains. Video Ad Feedback Dakhla Atlantic Port aims to boost trade across West Africa 02:26 - Source: CNNWith the implementation of Africa’s continental free trade agreement, which aims to create a single market for goods and services, the port could encourage the processing of raw materials within the continent. “Local disputes can make developing port infrastructure and reliable logistics much more challenging,” says Mooney.

Persons: CNN —, Nisrine Iouzzi, “, ”, Mounir Houari, Houari, ” Turloch Mooney, Mooney Organizations: CNN, United, United Arab Emirates, Dakhla’s Regional Investment Center, Port, P Global Market Intelligence Locations: Western Sahara, Morocco, Tangier, Mauritania, West Africa, East, Europe, North America, South America, United Arab, Gateway, Africa, Casablanca, Tanger, Med, Agadir, West, Mali, Chad, Niger, Burkina Faso, Sahara, ”, “

☆ I'm concerned the Fed is chasing lagging indicators, says David Rosenberg on inflation
▼ + stars: | 2024-05-28 | 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 EmailI'm concerned the Fed is chasing lagging indicators, says David Rosenberg on inflationDavid Rosenberg, Rosenberg Research founder & president, joins 'Fast Money' to talk the state of the economy, where he sees inflation bottoming, and more.

Persons: David Rosenberg, Rosenberg Organizations: Rosenberg Research

☆ Melinda French Gates’s Philanthropy Will Include Abortion Rights - The New York Times
▼ + stars: | 2024-05-28 | by ( Melinda French Gates | ) www.nytimes.com time to read: +1 min

That’s why, next week, I will leave the Bill & Melinda Gates Foundation, of which I was a co-founder almost 25 years ago, to open a new chapter in my philanthropy. The second the global agenda gets crowded, women and girls fall off. Decades of research on economics, well-being and governance make it clear that investing in women and girls benefits everyone. We know that economies with women’s full participation have more room to grow. That reducing the time women spend in poor health could add as much as $1 trillion to the global economy by 2040.

Persons: ” I’ve, Melinda Gates, it’s Organizations: Melinda Gates Foundation Locations: United States

☆ Billionaire Plans Dive to the Titanic in a Newly Designed Submersible
▼ + stars: | 2024-05-28 | by ( Emily Schmall | Orlando Mayorquín | ) www.nytimes.com time to read: 1 min

A real estate billionaire in Ohio is planning an underwater voyage to the site of the Titanic shipwreck, where a submersible imploded on its approach to the sea floor a year ago, killing all five passengers on board. Shortly after the OceanGate disaster, Larry Connor, 74, a real estate investor and amateur adventurer, contacted the co-founder of Triton Submarines, Patrick Lahey, imploring him to build a submarine that could reach the depths of the Titanic safely and repeatedly, according to The Wall Street Journal. The two men aim to explore and conduct scientific research at the site, located off the coast of Newfoundland, 12,500 feet under the sea, in a two-person submersible that Triton is designing in the summer of 2026. “Ours is just not a trip to the Titanic,” Mr. Connor said in an interview on Tuesday. “It’s a research mission.”

Persons: Larry Connor, Patrick Lahey, Mr, Connor, “, ” Organizations: Triton Submarines, Titanic, Wall Street Locations: Ohio, Newfoundland

☆ Stock futures are little changed after the Nasdaq Composite posts a record close: Live updates
▼ + stars: | 2024-05-28 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Stock futures were little changed Tuesday night after the Nasdaq Composite rose to a fresh record. S&P 500 futures ticked down 0.06%, while Nasdaq 100 futures hovered near the flatline. The tech-heavy index was an outlier, however, as the S&P 500 edged higher by just 0.02%, and the 30-stock Dow slid nearly 0.6%, dragged lower by a decline in Merck shares. The S&P 500 is up 5.4% this month, while the Dow has advanced 2.7%. Indeed, fed funds futures trading data suggests a nearly 54% chance that rates will hold steady in September, according to the CME FedWatch Tool.

Persons: Dow, Tom Lee Organizations: Nasdaq, Dow Jones, . American Airlines, JetBlue, Southwest Airlines, Nvidia, Merck, Dow, Federal, Fundstrat Global Advisors

☆ Upward pressures on inflation will not go away anytime soon, says Strategas' Jason Trennert
▼ + stars: | 2024-05-28 | 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 EmailUpward pressures on inflation will not go away anytime soon, says Strategas' Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate path, and more.

Persons: Strategas, Jason Trennert Jason Trennert Organizations: Strategas Research

☆ Some Asian American and Pacific Islander women face a $1 million salary shortfall due to the pay gap
▼ + stars: | 2024-05-28 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

For Asian American, Native Hawaiian and Pacific Islander women, they'll have to work until April 3 to make the same pay white men earned the year before. Together, AAPI women are typically paid just 93 cents for every dollar paid to white men, although the pay gap varies significantly for some AAPI communities. For example, Bhutanese women working full time earn just 49 cents for every dollar white men earn. The lifetime wage gap totals more than $1.4 million for Bhutanese women. There are other groups of AANHPI women working full time who make more than white men, including Chinese women, Indian women, Malaysian women and Taiwanese women; however, these women still make less than men in their respective communities, the report also found.

Persons: Sarah Javaid, AAPI —, Biden, Javaid, they've Organizations: Pacific, National Women's Law, Malaysian Locations: Hawaiian, U.S

☆ 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

☆ Some college graduates only need to make a $50,000 salary for a decade for their degrees to be worth it
▼ + stars: | 2024-05-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

College degrees are under fire given the pain of student debt and political and economic troubles. Some public university graduates only need to earn over $50,000 for a decade to make a return. Graduates pay more to live in popular states but they can win due to better job markets there. AdvertisementCrushing debt, political furor, and a brutal economic backdrop of historic inflation and higher borrowing costs have fueled fresh skepticism about the value of a college degree. Yet, stumping up the cash for one may still be worth it financially if it results in significantly higher earnings.

Persons: — Organizations: Service, Street Journal, Strada Education, Business

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