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☆ Microsoft’s carbon emissions have risen 30% since 2020 due to data center expansion
▼ + stars: | 2024-05-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Microsoft 's total carbon emissions have risen nearly 30% since 2020 primarily due to the construction of data centers, the company said in its annual sustainability report Wednesday. However, its indirect emissions — those that stem from all other activities Microsoft engages in — increased 30.9% during the same period. The increase in Microsoft's indirect emissions is largely due to the building materials and hardware components, such as semiconductors, servers and racks, used in constructing more data centers. The expansion of data centers poses a challenge to tech companies that have set ambitious timelines to eliminate their carbon footprints. Goldman Sachs expects natural gas to fuel 60% of the increased power demand from data centers, while renewables will power the remaining 40%.

Persons: Goldman Sachs Organizations: Microsoft Times, Microsoft, Dominion Energy, Duke Energy, Brookfield Asset Management, Brookfield Locations: New York City, Swedish

☆ Cargo ship outages on the day before the Baltimore bridge collision may have impacted ship’s operations, NTSB chief says
▼ + stars: | 2024-05-15 | by ( Gregory Wallace | Eric Levenson | ) edition.cnn.com time to read: +5 min

That may have impacted the ship’s operations when it left the port a day later, she said. “Switching breakers is not unusual but may have affected operations the very next day on the accident voyage,” Homendy said. The NTSB report found that the Dali had experienced two blackouts a day earlier while still moored in the port. The NTSB report details the frantic efforts of those on the Dali to stop the ship and warn those on the bridge of potential disaster. “He ran north and made it to the nearest surviving span before the rest of the bridge collapsed,” the report states.

Persons: Dali, Francis Scott Key, Jennifer Homendy, ” Homendy, Homendy, Peter Gautier, William H, Shailen Bhatt, Gautier, Graham, Bhatt, ” Organizations: CNN, National Transportation Safety, NTSB, Committee, Transportation, Hyundai, Coast Guard, Army Corps of Engineers, Federal, Administration Locations: Port of Baltimore, Homendy, El Salvador, Mexico, Guatemala, Honduras

Investigators recounted the crew’s desperate efforts to restore electrical power and halt the ship’s drift toward the bridge. They described how one of eight maintenance workers still on the bridge that night managed to sprint to safety moments before the bridge collapsed. The 985-foot-long vessel departed the Port of Baltimore around 1 a.m. on March 26 and traveled along a heavily used shipping channel that would take it under the Francis Scott Key Bridge. But as it approached the bridge, the power went out on the vessel and alarms blared. Transportation officials have been re-examining structural protection systems on bridges, which in some cases are missing or flawed, that are supposed to deflect wayward ships away from bridge piers.

Persons: Francis Scott Key Organizations: Investigators, Transportation Locations: Port of Baltimore

☆ Americans with a college degree say they'd need at least a $100K salary to change jobs. But roles that pay in that range are getting harder to find.
▼ + stars: | 2024-05-14 | by ( Jacob Zinkula | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

As of the most recent March data, the average reservation wage for Americans with a college degree rose to a survey-high of $99,081, up from $97,270 in March 2023 and $81,758 in March 2020. It means that not as many Americans are landing new jobs that pay in the six-figure range. The average reservation wage for people without a degree was $68,390, up from $59,683 in March 2023 and $48,778 in March 2020. The average reservation wage among all respondents was $81,822, up from $75,811 and $61,377 in March 2020. AdvertisementAre you struggling to find a six-figure job?

Persons: —, it's Organizations: Service, York Fed's Survey, Consumer, Business, Bureau of Labor Statistics, of Labor Statistics, New, New York Fed Locations: York, New York

☆ U.S. energy panel approves rule to expand transmission of renewable power
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: +6 min

Republican Mark Christie opposed the rule, dismissing it as a gift to solar and wind power operators. Many power companies and Republican-led states don't want to spend money on new transmission lines or upgrades for renewable energy, creating conflicts with Democratic states that have ambitious clean-energy goals. The rule is intended to streamline how power lines are sited and how costs are shared between states. It could accelerate construction of new transmission lines for wind, solar and other renewable power and add huge amounts of clean energy to the grid. The new rule "will improve regional transmission planning, break down barriers to grid buildout and support the delivery of more affordable and reliable power,″ Zaidi said.

Persons: Joe Biden's, Willie Phillips, Allison Clements, Republican Mark Christie, Phillips, Christie, ″, Biden, Ali Zaidi, ″ Zaidi, Clements, Heather O'Neill, Chuck Schumer, Schumer Organizations: Federal Energy Regulatory Commission, Democratic, Republican, Energy Department, FERC, Advanced Energy Locations: Washington, U.S

☆ Behind the curtain of the global arms trade
▼ + stars: | 2024-05-14 | by ( Momo Takahashi | ) www.businessinsider.com time to read: +7 min

In his new book, "Nothing Personal: The Back Office of War," photographer Nikita Teryoshin lifts the veil on the global arms trade, capturing defense exhibitions worldwide. Closed to the public, his series offers a rare inside look into the lucrative global arms industry. Guests, politicians, and traders watch a live demonstration of warfare at the International Defense Exhibition in Abu Dhabi. After the construction and the oil and gas sectors, the global arms trade is one of the most corruption-prone sectors in the world, according to Transparency International. By contrast, the international trade of bananas is more tightly regulated than the arms trade, according to the introductory note of the United Nations Arms Trade Treaty.

Persons: Nikita Teryoshin, Teryoshin, Rafael, KAI, Lockheed Martin Organizations: Business, International Defense, Bofors, International Defense Industry, International Defense Exhibition, Rafael Advanced Defense Systems, United Nations Arms, Black Eagles, Nikita, Kalashnikov, Lockheed Locations: East, Ukraine, France, Paris, United States, China, Abu Dhabi, Russia, India, Poland, UAE, Saudi Arabia, Peruvian, Lima , Peru, Korean, Seoul

☆ Priced Out of Housing, Communities Take Development Into Their Own Hands
▼ + stars: | 2024-05-13 | by ( Keith Schneider | ) www.nytimes.com time to read: +1 min

“Traverse City is becoming Myrtle Beach meets Hilton Head — a place catering to a population outside the region,” Mr. Treter said. What sets this project apart from others like it is how it’s paid for. Mr. Treter developed the space with Kate Redman, a lawyer who works with nonprofit organizations, and several other entrepreneurs who were dealing with similar challenges. They created a crowdfunding campaign that recruited nearly 500 residents to invest $1.3 million as a down payment to help finance the project’s construction and earn up to 7 percent annually in dividend payments. Roughly 500 more residents contributed $50 each to join the project as co-op members.

Persons: Chris Treter, Mr, Treter, “, Kate Redman Organizations: Trading, “, Myrtle Beach Locations: CITY, Mich, —, “ Traverse, Michigan

☆ Australia's budget is expected to target housing crisis as prices keep climbing
▼ + stars: | 2024-05-13 | by ( Vivien Soo | ) www.cnbc.com time to read: +6 min

Recent reports indicate that Australian home prices are set to continue their upward trend, driven by increasing migration rates and a shortage of housing supply. Treasurer Jim Chalmers is set to deliver the budget on Tuesday, which is expected to focus on addressing the nation's housing crisis. The Albanese government has already said it plans to allocate 88.8 million Australian dollars ($58.7 million) to train 20,000 local workers for the construction and housing sector. The National Housing Supply and Affordability Council (NHSAC) said Australia's limited housing supply has been further stretched by a number of factors, including "the resumption of migration at pace, rising interest rates, skills shortages, elevated construction company insolvencies, weak consumer confidence and cost inflation." She also said high housing prices have "ugly" long-term effects.

Persons: Andrew Merry, Eliza Owen, Jim Chalmers, Albanese, Peter Dutton, Owen, CoreLogic's Owen Organizations: Australia, Reserve Bank, Australian Bureau, Statistics, CoreLogic, ABS, Housing Supply, Authorities, Australian Bureau of Statistics Locations: North Bondi, Sydney, Australia, CoreLogic Australia

☆ U.S. Awards $120 Million to Chipmaker to Expand Facility in Minnesota
▼ + stars: | 2024-05-13 | by ( Madeleine Ngo | ) www.nytimes.com time to read: +1 min

Federal officials will provide up to $120 million in grants to Polar Semiconductor to help the company expand its chip manufacturing facility in Minnesota, the Biden administration announced on Monday, the latest in a string of awards meant to strengthen the U.S. supply of semiconductors. Commerce Department officials said the grant would help Polar upgrade technology and double production capacity at its facility in Bloomington, Minn., within two years. The company produces chips that are critical for cars, defense systems and electrical grids, federal officials said. “We are making taxpayer dollars go as far as possible while crowding in private and state investment to create jobs, secure our supply chains and bolster manufacturing in Minnesota,” said Laurie Locascio, the under secretary of commerce for standards and technology. The law gave the Commerce Department $39 billion to distribute to companies to incentivize the construction and expansion of new plants in the United States.

Persons: Biden, ”, Laurie Locascio Organizations: Polar Semiconductor, Commerce, Commerce Department Locations: Minnesota, Bloomington, Minn, United States

Smarter grids, like Chattanooga's, are just part of what it will take to modernize the American grid in the coming decades. A troubled transition to renewable energyOffshore wind farms are one of the growing areas of renewable energy. And the Edwards & Sanborn project, the US's largest solar energy and energy storage project in California, came online in January. Renewable energy is not only cleaner than fossil fuels but also often less expensive. Breaking down barriersThe US grid isn't designed for fluctuating renewable energy, so much of it goes to waste because clean-energy projects can't connect to the grid.

Persons: Kevin Schneider, Harris, Joe Rand, Joshua Rhodes, barleyman, Edwards, Rand, Philip Odonkor, Seib, headwinds, Julia Bovey, Ørsted, Bovey, Paul Denholm, We'll, Denholm, There's, PATRICK T, FALLON, we're, Schneider, We've, EPB, MISO, it's Organizations: Infrastructure, Service, Pacific Northwest National Laboratory, Nationwide, Biden, Lawrence Berkeley National Laboratory, University of Texas, Renewables, Sanborn, of Systems, Enterprises, Stevens Institute of Technology, Trump, Fork, Eversource Energy, National Renewable Energy Laboratory, Getty, Infrastructure Law Locations: Chattanooga , Tennessee, Chattanooga, EPB, Austin, Maine, North Carolina, California, United States

☆ China Is Raising Bullet Train Fares as Debts and Costs Balloon
▼ + stars: | 2024-05-13 | by ( Keith Bradsher | ) www.nytimes.com time to read: 1 min

China is taking the rare step of sharply increasing fares for riders on four major bullet train lines, in its broadest move to address rising costs and heavy debts since construction of the system began nearly two decades ago. The higher prices for train tickets are part of a push to raise prices for public services. Public services in China are heavily subsidized by local governments. But huge municipal debts mean that these governments have less money on hand to keep prices down. And making consumers pay more helps offset the falling prices that are widespread in China’s economy as growth slows.

Locations: China

☆ Jamaal Bowman may be the most endangered Squad member. He doesn't seem alarmed.
▼ + stars: | 2024-05-13 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +19 min

Advertisement"He was recruited by AIPAC to run against us because we called for a permanent cease-fire," Bowman said of Latimer. In January, Bowman lost the support of the liberal pro-Israel group J Street over his rhetoric on Israel. Like Bowman, Latimer has a blunt and direct speaking style that sometimes leades to gaffes, such as his invocation of the racist lynching of Emmett Till when commenting on the sexual misconduct allegations against then-Gov. When asked about Bowman's charge of racism, Latimer pointed to his appointment of Ken Jenkins, a Black man, as his deputy county executive. Bowman and Latimer have known each other for nearly four years, first meeting for coffee after the congressman's 2020 primary victory.

Persons: Jamaal Bowman, George Latimer —, Worker's, Bowman, Latimer, Sen, Shelley Mayer, Marjorie Taylor Greene, Thomas Massie, George Santos, haven't, we're, Bryan Metzger, He's, Cori Bush of, Bernie Sanders's, —, Benjamin Netanyahu, Selcuk, — Bowman, Y'all, Israel, Bowman's, he's, Eliot Engel, George Latimer, Republican Rob Astorino, Jeenah, let's, Emmett Till, Andrew Cuomo, Ken Jenkins, he'd, Brian Fitzpatrick, Tom Kean of, who's, I'm, Joe Biden, Republican megadonors, Donald Trump, MAGA, Usamah Adrabi, deriding Latimer, they've, what's, Harrison, it's, They're, I've, Bowman —, that's Organizations: Westchester, Democratic Party, Capitol, American Israel Public Affairs Committee, Democratic, Israel, AIPAC, Getty, J, Republican, Washington, Working Families Party, Hamas, that's, Business, Mount Vernon High School, Apple Locations: Port Chester , New York, Congress, Westchester County, Mount Vernon, Port Chester, Cori Bush of Missouri, Israel, Queens , New York, Anadolu, Gaza, Westchester, Rye —, York, Latimer, White Plains , New York, Pennsylvania, Tom Kean of New Jersey, New York, California, Bronx, Yonkers, New Rochelle, Scarsdale, Rye, Harrison, Mount Vernon , New York, American

☆ Renters need to make 36% more than in pre-COVID years to afford today's average rent, Zillow says
▼ + stars: | 2024-05-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

US average rent rose to just under $2,000 per month in April, Zillow reports. Tenants now need to earn 36% more than they did in 2019 to afford a typical rent. While rent growth continues, multifamily construction has softened its advance. Since the pandemic's start, rent has increased 31.4%, though income has only grown 23% through February. This story is available exclusively to Business Insider subscribers.

Persons: Zillow, —, haven't Organizations: Service, Business

☆ A Tesla supplier says it's still in limbo 2 weeks after Elon Musk fired the entire Supercharger team
▼ + stars: | 2024-05-13 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Read previewElon Musk's recent firing of Tesla's entire Supercharger team seems to be causing chaos at some of its suppliers. Elon Musk's decision to lay off Tesla's entire Supercharger team, reportedly around 500 employees, shocked the EV industry. "It sounds like an existing Tesla team from a different department has been inserted to manage the charging division," said Pinter. His comments were echoed by Pinter, who described Musk's reorganization of Tesla as a "blessing in disguise" for Bullet EV Charging. Advertisement"We have already hired several members of the former Tesla charging team and are diversifying our customer base to focus more on fleet and auto dealership charging," Pinter said.

Persons: —, Elon, Aaron Luque, hasn't, Luque, haven't, Envirospark, Tesla …, Elon Musk's, Musk, Tesla, Andres Pinter, Pinter, we've Organizations: Service, Business, Bloomberg Locations: Canada, Luque

☆ India elections 2024: Once again, millions of migrants are unable to vote
▼ + stars: | 2024-05-13 | by ( Jessie Yeung | Noemi Cassanelli | ) edition.cnn.com time to read: +7 min

Often referred to as the “city of dreams,” Mumbai draws migrants from across the country hoping to find wealth and success. Noemi Cassanelli/CNNThe Covid-19 pandemic only underscored the volatility of migrant workers’ circumstances when millions lost their jobs almost overnight and were forced to go home. The biggest group is in the United Arab Emirates, with 3.4 million NRIs, followed by 2.5 million in Saudi Arabia; next is the United States with 1.2 million. The massive group of disenfranchised migrant workers stands in sharp contrast to these achievements – with no solution in sight. That means for now, voting remains an unlikely reality for many migrant workers.

Persons: India CNN — Chanu Gupta, ” Gupta, Chanu Gupta, Noemi Cassanelli, ”, Gupta, –, “ Organizations: India CNN, CNN, Nations, United Arab, ”, Workers Locations: Mumbai, India, Uttar Pradesh, Maharashtra, ” Mumbai, Bihar, Rajasthan, Gujarat, United Arab Emirates, Saudi Arabia, United States, United Kingdom, Dubai, NRIs

☆ MDMA therapy could be legalized by summer. Why are so many advocates sounding the alarm?
▼ + stars: | 2024-05-13 | by ( Anna Silman | ) www.businessinsider.com time to read: +52 min

Last summer, thousands of tie-dyed Burners and Patagonia-clad tech founders converged on the MAPS Psychedelic Science conference in Denver. The experience "broke the spell of this trauma, and she was able to rebuild her life," Doblin told The Guardian . The video team's job was to store recordings of every MDMA therapy session performed in the clinical trials. Grof believes in something called an "inner healing intelligence," an innate capacity for self-healing that psychedelic therapy helps unleash. Another time, a patient who had come to an MDMA therapy session later acknowledged they had been under the influence of LSD during treatment.

Persons: Jaden Smith, Aaron Rodgers, bro, Andrew Huberman, Rick Doblin, Doblin, mainstreaming psychedelics, influencers, Johnson, Elizabeth Nielson, Aubrey Marcus, ayahuasca, Matthew Stockman, Helena —, Timothy Leary, —, Hitler, Stanislav Grof, zombified, Brad Burge, Michael Mithoefer, Annie Mithoefer, Oprah, Sen, Joe Biden, MDMA's neurotoxicity, they'd, Albert Hofmann, David Bronner, Dr, Joe's, Bronner, Bronner's, Richard Rockefeller, John D, Rockefeller Jr, Rockefeller, Neşe, Johns Hopkins, who's, Devenot, Rick Friedman, Betty Aldworth, MAPS's multimillionaire, Tim Ferriss, Cody Swift, Zendo, Aldworth, Erica Siegal, Seth Whitelaw, Amy Emerson, JULIE JAMMOT, Ifetayo Harvey, Harvey, Lauren Unger, Unger, Casey Hardison, Harvey didn't, Hardison, Doblin's, Baylee Ybarra Gatlin, Gatlin, negligently, There's, Michael Pollan's, Steve Jurvetson, Elon Musk's who's, Genevieve, Steve Cohen, Alexandra, Mark Zuckerberg's, Dustin Moskovitz, Cari, Gwyneth Paltrow, Paltrow, Sergey Brin, Joe Green, Green, Zuckerberg, Genevieve Jurvetson, Michael Pollan, Jonathan Lubecky, he'd, Rebekah, Robert Mercer, Elizabeth Koch, Charles Koch, Rachel Nuwer, Koch, she'd, MAPS's, Elizabeth Crystal, Joe Rogan, didn't, Jesus Christ, Crystal, Meaghan Buisson, Richard Yensen, Donna, Yensen, Buisson, weren't, Robert, Rebekah Mercer, Sean Zanni, Grof, They've, Kayla Greenstien, it's, George Sarlo who'd, Vicky Dulai, Sarlo's, Dulai, Gul Dolen, Michael Mullette, who'd, Marla Aufmuth, Mullette, Lily Kay Ross, David Nickles, Ross, Greenstien, Rick, Lenny Ignelzi, biostatisticians, Lykos, Peter Thiel, Kara Swisher, Kris Lotlikar, Federico Menapace, Mo Septimus, Handout, Monnica, Williams, Lotlikar, Henry Elkus, Helena ., Elkus, Emerson, ICER Organizations: Science, New York Jets, rockstar, Multidisciplinary Association for Psychedelic Studies, Lykos Therapeutics, and Drug Administration, FDA, Business, Florida's New College, Jewish Telegraphic Agency, Sarasota Herald, Tribune, New College, Guardian, Drug, Harvard's Kennedy School of Government, eBay, Nevada, Doblin, Pentagon, Department of Veterans Affairs, Department of Defense, Staff, Corporation, PBC, pharma, New Yorker, New York Mets, Bloomberg, CBS, Breitbart, CBC News, BI, Porsche, Santa Cruz, New York Times, longtime, Mullette Corporation, New York, Health Canada, Compass, Sciences, Psychedelic Science, Whole Foods, McKinsey, Big Pharma, Vine Ventures, Lucid, Street Journal, Investments, Gawker, Publicly, PBC alums, Numinus, US Army Locations: Patagonia, Denver, Harvard, Colorado, Skokie , Illinois, Ireland, Czech, Sarasota, Arcturus, Florida, Swiss, Vietnam, Washington, Santa Cruz, Chicago, California, Iraq, British Columbia, New York, Hawaii, Santa, Nature, Moderna, Europe, Helena, Yale, Australia, Canada, Israel, Ukraine, ICER, . Upper

☆ ‘I feel like I've been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes
▼ + stars: | 2024-05-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

As is common in China, the apartment complex in Tianjin sold the units before they were completed. Their concerns are just one example of the wider challenges that persist in pockets of China's property sector. Following early efforts to recoup their money or to garner information about their property purchases, a few buyers said police visited their homes, sometimes in the middle of the night. "I feel like I've been tricked this whole time," one buyer said in Mandarin, translated by CNBC. In all, Nomura estimated late last year that there are around 20 million unconstructed and delayed pre-sold homes in China.

Persons: Wu Qing, Fred Dufour, I've, Dan Wang, Evergrande, Nomura Organizations: Afp, Getty, BEIJING, CNBC, Hang Seng Bank Locations: Tianjin, Beijing, China

☆ I used to be a public school teacher. Now I work as a 'middleman' government contractor and can travel when I want to.
▼ + stars: | 2024-05-12 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

I used to be a special-ed teacher at a public school in Ohio, making around $50,000 annually. I work as a middleman, which means I'm the prime contractor and I bid on the opportunity. I've signed contracts in all kinds of sectors, including landscaping, HVAC cleaning, and construction. I put in about an hour of work on government contracting every dayI spend about an hour a day on government contracting. I have a team member that I work with now as well, and we work on finding opportunities, getting quotes, and submitting proposals.

Persons: —, Wes Fisher, I'm, I've, it's, texted Organizations: Service, Business, Forest Services Locations: Ohio, California , Nevada , Oregon , Pennsylvania, Florida, Louisiana, California, Utah, Panama, Dubai, Jamaica, Chicago, San Francisco

☆ Baltimore bridge update: Explosives to be used in demolition effort to free trapped cargo ship
▼ + stars: | 2024-05-12 | by ( Nicole Grether | Gloria Pazmino | ) edition.cnn.com time to read: +2 min

Officials are tentatively scheduled to carry out the controlled demolition around 5 p.m., according to the US Coast Guard. The planned demolition is aimed at helping officials remove debris and ultimately free the 213-million-pound Dali cargo ship, which veered off course March 26 and struck a pillar of the Francis Scott Key Bridge, causing it to fall into the water below. The collapse killed six construction workers and destroyed a key thoroughfare, threatening the economy at the Port of Baltimore. Officials last week recovered the sixth and final body, allowing them to proceed with the plan to free the Dali. “The safest and swiftest method to remove the bridge piece from on top of the M/V Dali is by precision cuts made with small charges,” the Key Bridge Response Unified Command said in a news release last week.

Persons: CNN — Crews, Francis Scott Key, Dali, Kevin Dietsch, Holly Yan, Dakin Andone Organizations: CNN, US Coast Guard, Port, Baltimore Sun, WBAL, Command, ”, US Army, US Army Corps of Engineers, Unified Command, Army Corps, Engineers, Committee, Transportation, Infrastructure, National Transportation Safety, Coast Guard, Army Corps of Engineers, US Department of Transportation Locations: Baltimore, Port of Baltimore

☆ Saudi Arabia's Neom is looking to fill 262 job vacancies. The roles show just how futuristic the megacity could be.
▼ + stars: | 2024-05-12 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

Saudi Arabia's sprawling megacity, Neom, is billed as a chance to live in the "new future." AdvertisementOfficials say Neom will be a "cognitive city." The chosen candidate will control and operate the fish laboratory, ensuring high standards of fish welfare and supporting surveillance and investigation activities into fish health and disease control. Developers have said they want the island resort Sindalah to act as an "exclusive gateway to the stunning Red Sea." An image showing a nighttime view of mountains in the region in northwest Saudi Arabia where planners say Neom will be built.

Persons: —, Neom, Prince Mohammed bin Salman's, Neom's Organizations: Service, Tech, NEOM Community School Locations: Saudi, Saudi Arabia, Tabuk, Sindalah, Gulf, Aqaba, Neom, Oxagon

☆ A millennial couple invested in a $143,000 vacation home in Bali. It's become the crux of their early retirement strategy.
▼ + stars: | 2024-05-12 | by ( Amanda Goh | ) www.businessinsider.com time to read: +8 min

Rory and Casey Jones built a villa in Bali for 2.287 billion Indonesian rupiah, or about $143,000. AdvertisementFor Rory Jones and his wife Casey, building a house in Bali seemed like a good idea — even though they had never been to Indonesia. The couple, from Tasmania, Australia, dreamed of retiring early, so they spent a lot of time investing in the stock market. Rory and Casey Jones built a villa in Bali. That said, the couple has plans to build more investment properties in Bali in the future.

Persons: Rory, Casey Jones, —, Rory Jones, Casey, Jones, " Jones, videographer, aren't, Propertia Organizations: Service, Global Consulting, Facebook Locations: Bali, Indonesia, Tasmania, Australia, Thailand, Philippines, Portugal, Southeast Asia, Bingin, Uluwatu

☆ An engineer who trades stocks from his phone shares the stock filter that enabled him to find Nvidia when it was trading below $15 in 2016
▼ + stars: | 2024-05-12 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

IBD recommends a minimum of 25% increase, but he loosened it slightly because it would filter out too many stocks. IBD recommends 80 or higher. IBD recommends 80, but reducing it allows for more stocks to show up for him to review. IBD recommends 95 or higher, but he loosened it to see more stocks. IBD recommends 15% to 17%.

Persons: Adam Graham, Nicolas Darvas, Graham, William O'Neil, IBD Organizations: Service, Business, Investor's Business, Nvidia, IBD Locations: Georgia, Terracon

☆ The restaurant stocks that are killing it in this market have one thing in common
▼ + stars: | 2024-05-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +17 min

When a company performs well and I interview its CEO on CNBC, I consider the stock's performance before fashioning my questions. Maybe the company had been poorly run and the guest is a new CEO who is turning it around. Once Wood picks a stock, that company can do no wrong, which is code for she can do no wrong. And take it from me, an old Mexican restaurant veteran, it travels better than any other restaurant chain. We should have just bought Dutch Bros. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: Albert Manifold, Rather, That's, Chris Gibson, Jensen Huang, Huang, Gibson, Cathie Wood, Wood, that's, Brinker, Chipotle, Chipotle execs, Taco Bell, isn't, Yum, McDonald's, Laxman Narasimhan, Howard Schultz, let's, Narasimhan, Joe, Locker, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: CNBC, Pharmaceuticals, Nvidia, ARK, Gallup, Darden, Diageo, Brands, KFC, Taco, Taco Bell, Texas, Starbucks, Management, Bros, Dutch Bros, Jim Cramer's Charitable, Starbucks Corp, Health, Education, Labor, Bloomberg, Getty Locations: United States, U.S, Dublin, Ireland, Europe, Texas, Olive, East, Israel, Washington , DC

☆ Gig work is the new Ellis Island for immigrants looking for work. But many drivers feel trapped in the long hours and low pay.
▼ + stars: | 2024-05-12 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +12 min

Immigrants nationwide are relying heavily on gig work driving for Uber and Lyft to make ends meet. AdvertisementThe major ride-hailing companies told BI they aim to support immigrant drivers. BI spoke with a dozen immigrant Uber and Lyft drivers who moved to South Florida from countries including Cuba, El Salvador, Haiti, and Venezuela. Dozens of ride-hail drivers from across the country who spoke to BI over the last few months said they've recently noticed more immigrant drivers on the apps. AdvertisementDespite the challenges of earning enough, some drivers are set on perfecting strategies to make driving work for them.

Persons: Uber, —, Rodolfo, He's, he's, Katie Wells, Ellis, Wells, they've, she's, Edgar, didn't, hasn't, Alex, haven't, Eliezer, Carlos, Nicanor Organizations: Service, Ipsos, McKinsey, Georgetown University, International Rescue, Immigrants, Economic, The Washington Post, New York, Deliveristas Unidos, BI, Uber, Amazon, Miami, downtown Locations: South Florida, Venezuela, Washington, DC, Cuba, El Salvador, Haiti, New, Miami, Haitian, Nicaragua, Miami Beach, New York, downtown Miami

☆ Florida authorities identify remains found on Crescent Beach nearly 40 years ago
▼ + stars: | 2024-05-12 | by ( Sara Smart | ) edition.cnn.com time to read: +3 min

CNN —Nearly 40 years ago, human remains were found on a beach in St. Johns County, Florida. The manner of death was determined to be a homicide, the sheriff’s office said. St. Johns County Sheriff's OfficeThe case went cold over the years and the remains were left unidentified. With the help of advanced technology at the lab, potential relatives of the victim were identified, the sheriff’s office said. St. Johns County is located on the northeast coast of Florida.

Persons: Mary Alice Pultz, John Thomas Fugitt, Gene Tolbert, Fugitt, Tommy, Billy Joe Wallace, “, Mary Alice’s, ” Tolbert, Pultz, Norman Jenkins, ” Jenkins Organizations: CNN, Johns County Sheriff’s, Crescent, Facebook, Police Locations: St, Johns County , Florida, Rockville , Maryland, Johns County, Crescent Beach, Maryland, Texas, Florida

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