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☆ I took a 75% pay cut to ditch law for tech. The switch paid off and got me to Google.
▼ + stars: | 2024-04-29 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +2 min

Zubin Pratap, a former lawyer, decided to transition to the tech industry at 38 years old. He landed his first tech job by networking and shortlisting best-fit employers. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementI realized I was sitting far away from the sidelines of the tech industry and had no way to get in. This is the four-step plan I used to land my first software job.

Persons: Zubin Pratap, — Organizations: Google, Service Locations: Melbourne, India, Australia

☆ It's going to be a massive week for the stock market
▼ + stars: | 2024-04-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

It's a big week for the stock market with a deluge of economic data set to be released. AdvertisementIt's going to be a massive week for the stock market as investors prepare for a deluge of economic data and corporate earnings results. Raymond James' chief investment officer Larry Adam highlighted the top five things to watch this week that could have a big impact on stock market prices. Finally, the April jobs report set to be released on Friday will be closely watched by investors. The jobs report will provide an update on the strength of the labor market," Adam said.

Persons: Raymond James, —, Larry Adam, Adam, Jerome Powell, Powell, Treasurys Organizations: Fed, Service, Treasury Department, Treasury, Apple, Investors, ISM Manufacturing, Manufacturing

☆ Airlines are going to start giving out automatic refunds for delayed or canceled flights — here's who and what will be eligible
▼ + stars: | 2024-04-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

New regulations will require airlines to provide refunds for delayed or canceled flights. The refunds, which airlines have to implement over the next six to 12 months, must be automatic and prompt. AdvertisementAirlines are going to be required to provide automatic refunds for delayed or canceled flights under new Department of Transportation regulations, announced on Wednesday . The checked bag isn't delivered within 15 hours of an international flight that's 12 hours long or less arriving at the gate. The checked bag isn't delivered within 30 hours of an international flight that's more than 12 hours long arriving at the gate.

Persons: —, they're Organizations: Service, Airlines, Department of Transportation, Business, Transportation

☆ The AI-fueled stock market bubble will crash in 2026, research firm says
▼ + stars: | 2024-04-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The AI-fueled stock market bubble will burst in 2026, according to Capital Economics. The research firm said rising interest rates and higher inflation will weigh down equity valuations. AdvertisementAn artificial intelligence-fueled stock market bubble will burst in 2026, according to Capital Economics. The research firm has said that a stock market bubble, driven by investor excitement towards artificial intelligence, would drive the S&P 500 to as high as 6,500 by 2025, led by technology stocks. The expected bursting of the stock market bubble should lead to a decade of investment returns that favor bonds over stocks.

Persons: —, Diana Iovanel, James Reilly, Iovanel, Reilly Organizations: Capital Economics, Service, Capital, US

☆ How to lock in attractive, high-income returns from low-risk bonds in an inverted yield curve, according to a portfolio manager
▼ + stars: | 2024-04-25 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

And that's seen by the dot plot and their own inability to predict when interest rate cuts are going to happen." Related storiesWhen the yield curve is inverted, meaning short-term rates are above longer-term ones, a barbell strategy in bonds means betting on long- and short-duration bonds. And that barbell is kind of what investing in the yield curve looks like today", Huffman said. But if interest rates fall, you will be forced to reinvest in a lower interest rate environment. Avoid the 10-year or 30-year duration bonds because they will face a negative yield curve role, which could reduce their total return potential, she added.

Persons: Taylor Huffman, Huffman, it's Organizations: PT Asset Management, Business, Management's, Bond, Securities

☆ The 15 bonus tracks from Taylor Swift's 'The Tortured Poets Department' could be their own near-perfect album
▼ + stars: | 2024-04-25 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

That's certainly true of her latest album, "The Tortured Poets Department," which arrived last Friday to mixed reviews. New Taylor Swift music is bound to spark widespread debate, but the conversation swelled when she surprise-released "The Tortured Poets Department: The Anthology," a deluxe edition with 15 extra songs. Indeed, most of these deluxe tracks succeed as self-contained stories, recalling the mythic peaks of "Folklore" and "Evermore." Then again, more songs equals more streams, and "The Tortured Poets Department" is on target to become one of the most-played albums of the streaming era. AdvertisementFinal Grade: 9.3/10"The Tortured Poets Department: The Anthology" was released on April 19, 2024.

Persons: —, Taylor Swift, I'm, Swift, I've, Swift's, aIMee, Cassandra, Peter, Wendy, shouldn't, It's, Beth Garrabrant Worth, Chloe, Sam, Sophia, Marcus, Robin Organizations: Service, Poets Department, Business, Department, Press Locations: Cardigan

☆ One for the Ages: Sonia Delaunay’s Wearable Abstractions
▼ + stars: | 2024-04-25 | by ( Walker Mimms | ) www.nytimes.com time to read: 1 min

If Wassily Kandinsky bent the visible world to the whims of his canvas, reducing concert hall scenes to puddles of color and line, Sonia Delaunay seems to have worked the other way around. A fashion and textile designer by trade, the Ukrainian-born Delaunay (1885-1979) filled the world with bold and delightful patterns — with the chevrons and dot grids and floral wiggles of the many scarves and dresses she created in France — then let her paintings reflect the results. Or at least that’s the impression given by the Bard Graduate Center’s “Sonia Delaunay: Living Art,” a playful but rigorous unearthing of 184 garments, artifacts and paintings — most on loan from France — spanning 60 years of Delaunay’s career.

Persons: Wassily Kandinsky, Sonia Delaunay, Delaunay, France —, Center’s “ Sonia Delaunay Organizations: Bard, France Locations: Ukrainian, France

☆ New federal rules on airline refunds require cash instead of vouchers
▼ + stars: | 2024-04-24 | by ( Gregory Wallace | ) edition.cnn.com time to read: +4 min

New federal rules say travelers deserve cash refunds when inconvenienced by their airline – not vouchers or travel credits. The rules require the fees to be automatic and prompt: Within seven days for a credit card refund and 20 days for other forms of payment. Surge in complaints in 2022The Biden Administration proposed its change to the refund rules in 2022 after a surge in complaints about refunds when the coronavirus brought air travel to a standstill. More than half of the complaints involved flight disruptions or refunds. A federal law allows Congress to unravel recently implemented executive branch rules.

Persons: “, Pete Buttigieg, CNN’s John Berman, ” Buttigieg, you’re, “ That’s, ”, There’s Organizations: CNN — Airline, ”, Transportation Department, Airlines for, Biden Administration Locations: –, Airlines for America, ” “ U.S, Washington, November’s

☆ Photos shine a light on Taiwan’s ‘betel nut beauties’
▼ + stars: | 2024-04-24 | by ( Emma Russell | ) edition.cnn.com time to read: +7 min

To meet her sales targets, the betel nut “must be delicious.” she told CNN in an email. A betel nut stall in Taipei. “I loved driving there because there were the betel nut girls,” she recalled in a phone interview. One of Han's subjects, Ju Ju, is pictured at a booth in the city of Taoyuan. But Ju Ju has since grown to value the stability of the job.

Persons: Mong Shuan, Mong, Constanze Han, “, ”, we’d, Han, Han “, ’ ”, Susan Meiselas, Xiao Hong, Ju, Ju Ju, —, Constanze Organizations: CNN, Mong, ”, island’s Ministry of Health, Welfare Locations: Taiwan, Asia, Taipei, Kaohsiung, Amsterdam, Hong Kong and New York, America, New England, New Taipei City, Taoyuan, Constanze

☆ Why the Fed keeping rates higher for longer may not be such a bad thing
▼ + stars: | 2024-04-24 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

So the question is, are we going to have issues if rates remain higher for longer?" But financial markets, despite a recent 5.5% selloff for the S&P 500, have largely held up amid the higher-rate landscape. Higher rates can be a good signHistory tells differing stories about the consequences of a hawkish Fed, both for markets and the economy. Higher rates are generally a good thing so long as they're associated with growth. Futures market pricing implies a fed funds rate of 4.32% by December 2025, indicating a higher rate trajectory.

Persons: Jerome Powell, Mandel Ngan, Quincy Krosby, Krosby, Paul Volcker, David Kelly, Kelly, —, Goldman Sachs, Loretta Mester Organizations: Federal Reserve, Financial, Afp, Getty, LPL, Fed, Asset Management, Market, Cleveland Fed, European Union Locations: Washington , DC

☆ You'll soon be able to get an automatic refund when your flight is delayed or canceled
▼ + stars: | 2024-04-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Airlines must start providing passengers with automatic refunds when flights are delayed or canceled. New regulations announced Wednesday mean passengers can also get automatic refunds on delayed baggage. AdvertisementAirlines are to be required to provide passengers with "prompt" automatic refunds when their flights are delayed or canceled under a new rule from the Department of Transportation, announced on Wednesday. This includes domestic flights delayed by more than three hours and international flights delayed by more than six hours. AdvertisementMany passengers have previously spoken to Business Insider about their troubles getting compensation for delayed and canceled flights and lost luggage.

Persons: —, they're, lockdowns Organizations: Service, Airlines, Department of Transportation, Boeing

☆ S&P 500 is at risk of crashing 44% — and selling early could pay off, says elite forecaster
▼ + stars: | 2024-04-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

The S&P 500 is at risk of plunging 44% to around a four-year low, Paul Dietrich said. The top strategist explained that selling stocks well before they crash can yield outsized returns. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe stock market may be headed for a 44% crash — and getting out early could pay off, Paul Dietrich said. This story is available exclusively to Business Insider subscribers.

Persons: Paul Dietrich, Dietrich, —, Riley Wealth Organizations: Service, Business

At stake is the role of a wide spectrum of players, from fintech firms to card companies and established banks. Walmart's Fintech startup One is now offering BNPL loans in Secaucus, New Jersey. Buy now, pay later has gained popularity with consumers for everyday items as well as larger purchases. A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019. Meanwhile, Walmart said last year when its lawsuit became public that it would soon announce a new credit card option with "meaningful benefits and rewards."

Persons: Joe Raedle, Goldman Sachs, Omer Ismail, Hugh Son, BNPL, Jason Mikula, Amazon's, Karma, John Furner, John David Rainey, Dot, " Rainey, Rainey, Morgan Stanley, Walmart's, Yichuan Cao Organizations: Walmart, Getty, CNBC, New Jersey Walmart, Apple, Electronics, Adobe Analytics, Bank of Walmart, Robinhood, Walmart U.S, Coastal Community Bank, Capital, PayPal Locations: Hallandale Beach , Florida, Bentonville , Arkansas, Manhattan, Secaucus , New Jersey, New Jersey, U.S, Mountain View , California, United States

☆ Remember that Versace dress Jennifer Garner wore in ‘13 Going on 30"?
▼ + stars: | 2024-04-23 | by ( Marie Lodi | ) edition.cnn.com time to read: +8 min

DeSanto accessorized the dress with colorful Swarovski crystal jewelry by Tarina Tarantino, including a blue butterfly statement necklace. Columbia Pictures/Everett CollectionDecades later, the dress has become a beloved artifact for nostalgic rom-com fans and modern fashion enthusiasts alike. “(Garner) put it on, we got her all dolled up, she went to dance, and we moved on,” she said. DeSanto also credits director Gary Winick, who died in 2011, for the film’s fashion sense. As DeSanto points out, “13 Going on 30” is a story about a young woman coming into herself — and how, more than anything, it’s important just to be yourself.

Persons: —, Jenna Rink, Gilson nightgown, baguette, Susie DeSanto, Jennifer Garner, Miu Miu, Prada, Ralph Lauren, Roberto Cavalli, Versace, ” DeSanto, “ I’d, Giovanni Giannoni, Jenna, partygoers, Michael Jackson’s, — Versace, DeSanto, Tarina Tarantino, Tarantino, Marc Jacobs’s, — she’s, ”, “ It’s, Betsey Johnson tutus, Christa B, Allen, Ariana Grande, wasn’t, weren’t, “, Garner, Stella McCartney, Alberta Ferretti, Mark Ruffalo, Jen, we’re, I’ve, Gary Winick, Gary, ” Winick, Mark Ruffalo’s Organizations: CNN, Fairchild, Penske Media, Columbia Pictures, Everett Locations: Manhattan, lockstep, Barney’s, Italy, Etsy, Alberta, “, New York

☆ NYC's EV revolution is riding on Uber and Lyft drivers
▼ + stars: | 2024-04-22 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +13 min

For Uber and Lyft drivers, time is money, so widely accessible charging is key to the EV switch. A study by the US Department of Energy found that 1,000 fast chargers were needed for every 20,000 EV drivers on the road. A mad dash for EV licensesThe transition is getting an early test this year now that thousands more ride-hailing drivers have licenses. AdvertisementIn October, the Taxi & Limousine Commission opened applications for this gig work for the first time in five years — but for EV drivers only. In exchange, Uber drivers will get up to a 25% discount when they charge.

Persons: Manhattan, Tesla, Eric Adams, Bobby Familiar, Revel, Michael Replogle, David Do, Aeraj Qazi, Qazi, Guillermo Fondeur, Uber, he's, Fondeur, Adams, EVs, Con Edison, Flo, Replogle, it's, Josh Gold, Uber's, that's, Do, we've, Juliana Kaplan Organizations: EV, US Department of Energy, Business, NYC's Department of Transportation, Chargers, Taxi, Limousine Commission, TLC, New York Taxi Workers Alliance, Rentals, Department of Transportation, DOT, LaGuardia Airport, Tesla, Gravity, Green, Initiative Locations: New York City, Queens, NYC, Canadian, Canada, EVs, Manhattan, America

☆ Cramer: The 'proximate cause' of Super Micro's 23% drop Friday? Go back to March 8
▼ + stars: | 2024-04-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

At law school, we learned about "proximate cause," one of the few valuable concepts you can take from three years of drudgery. But was that the proximate cause? No, the real proximate cause, the one that's really at fault, was the February unemployment report, which came out on March 8. At the time, many thought the proximate cause of Nvidia's pirouette was the performance of two chipmaker peers. Surely those two updates couldn't be the proximate cause of the peak of Nvidia, right?

Persons: It's, Let's, pirouette, Matt Murphy, Jay Powell, Powell, Zeus, Biden, Jim Umpleby, ferociously, Jeff Marks, Morgan Stanley, haven't, Mills, Jim Cramer's, Jim Cramer, Jim, Ann Wang Organizations: Nvidia, hasn't, Marvell Technology, Club, Broadcom, Marvell, Federal, Caterpillar, Microsoft, Nasdaq, Apple, Procter, Gamble, Jim Cramer's Charitable, CNBC, Micro Locations: It's, what's, Wells Fargo, Taipei, Taiwan

☆ Would the Fed really hike rates here? This is what would have to happen
▼ + stars: | 2024-04-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Though it was unthinkable just a short time ago, the question of what it would take the Federal Reserve to raise interest rates further is gaining increasing attention. New York Fed President John Williams faced questioning Thursday about hiking and said he doesn't expect that to happen, but noted that it's always an option. "Basically, if the data were telling us that we would need higher interest rates to achieve our goal, then we would obviously want to do that." Making the same mistake as the 1970s central bank — hiking rates to fight inflation, then cutting prematurely and allowing inflation to return — is a sensitive issue for the Powell Fed. Chances are low, for now So far, only Fed Governor Michelle Bowman has given any credence to the notion of raising rates.

Persons: John Williams, it's, Williams, Jerome Powell, Philip Jefferson, Powell, Nicholas Colas, Colas, Michelle Bowman, Bowman, Esther George Organizations: Federal Reserve, Fed, New York Fed, Summit, DataTrek, CME, Kansas City, CNBC Locations: Washington, Kansas

☆ When my son went to college, I wanted to track his phone, but my husband didn't. After a lot of fighting, we compromised.
▼ + stars: | 2024-04-18 | by ( Liz Alterman | ) www.businessinsider.com time to read: +5 min

Read previewWhen my oldest son, Sam, joined his high school baseball team, I began tracking his location through Find My Friends on my iPhone. my husband asked. AdvertisementI finally asked my son what he'd preferI realized I should've asked Sam how he felt about it first. I told Rich that if Sam didn't have a problem with it, neither should he. It's not something I check regularly, and if my son asked me to stop, I would.

Persons: —, Sam, hadn't, Rich, we'd, they'd, I'd, aren't, Life360, he'd, Sam didn't, He'd, didn't, he's Organizations: Service, Business

☆ In ‘This Train,’ photographer Justine Kurland and her son spend six years on the road
▼ + stars: | 2024-04-17 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

Justine KurlandCasper previously appeared in a handful of images in "Highway Kind," Kurland's book published in 2016. “There’s certain kinds of ideas of normalcy (in) family life that, when you divert… it makes things significantly more complicated,” Kurland said. Casper became fascinated by trains, Kurland said, and he would often lead her to them. Justine KurlandLiving off irregular paychecks, Kurland and Casper would sometimes have to “hunker down” at campsites until a deposit came through. As “This Train” details, as much as the book is about their relationship, there’s other darker narratives implicit in Kurland’s images.

Persons: Justine Kurland’s, Kurland, Casper, “ Casper, ”, Justine Kurland, she’d, ” Kurland, “, Justine Kurland Casper, Justine Kurland Kurland, Casper’s, Lily Cho, I’m Organizations: CNN, Mack Books Locations: stopovers, Casper

☆ Biden administration partners with states to protect airline customers
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: +2 min

And while state attorneys general receive consumer complaints, airlines are not legally required to respond to their inquiries. The Biden administration has been aggressively pushing measures to expand consumer rights for airline passengers. The latest move comes as passenger traffic in the United States is projected to reach an all-time high this year. It includes 18 states such as California, New York, Nevada and Colorado that have some of the busiest U.S. airports. The DOT said seven more states - Delaware, Massachusetts, Minnesota, Oregon, Tennessee, Vermont, and Washington – are interested in joining the initiative.

Persons: Transportation Pete Buttigieg, Francis Scott Key, Pete Buttigieg, Biden, Buttigieg, Washington – Organizations: Transportation, White, . Transportation, U.S . Department of Transportation, Transportation Department, Southwest Airlines, Republican, Democratic Locations: Baltimore, Washington , U.S, United States, California , New York , Nevada, Colorado, Delaware , Massachusetts, Minnesota , Oregon , Tennessee , Vermont, Washington

☆ 'We've never seen this many extremes': Strategists warn of dot-com bubble similarities as expensive US stocks struggle — but this 7-part strategy can still outperform
▼ + stars: | 2024-04-13 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

From late October through March, the S&P 500 enjoyed a virtually uninterrupted 27.6% rally based on better-than-expected earnings and economic data. And while it's still well below the dot-com bubble levels, it's still too close for comfort for many investors. Related story"Those higher rates are starting to push back on elevated valuations for stocks right now," Saglimbene said. "They're all much cheaper on an earnings basis than those Magnificent 7 companies," Saglimbene said. "So I think if we avoid a recession this year, the narrative will change to a broadening of companies and sectors that can participate in earnings growth this year."

Persons: aren't, Anthony Saglimbene, Rick Pitcairn, Pitcairn, it's, we've, Raheel Siddiqui, Neuberger Berman, Siddiqui, Jon Wolfenbarger, Albert Edwards, Bill Smead, James Ragan, DA Davidson, Ragan, Saglimbene, Indrani, she's, De, Davidson, Siddiqui's Organizations: Ameriprise, Business, DA, FTSE Russell, Investors Locations: Ameriprise

A view across the demarcation into Metula, Israel as seen from the Lebanese side of the demarcation line. But a Lebanese source familiar with the matter ruled this out. Hezbollah may only be compelled to join an Iranian war effort if the strike leads to further escalation, the same Lebanese source said. It provided a glimpse of how Hezbollah might attempt to overwhelm Israel’s defensive systems as Iran conducts its expected attack. From one of Spain’s bases near the demarcation line, there is a clear view of a microcosm of Lebanon’s long-standing border issues with Israel.

Persons: Kafr, Lebanon CNN —, ”, Juan Garcia Martinez, Charbel Mallo, —, Mohammad Reza Zahidi, “, Ali Khamenei, Sina Toosi, Yemen’s Houthis, ” Nasrallah, Israel –, Mallo, CNN Hezbollah’s, Hector Alonso, CNN’s MJ Lee, Natasha Bertrand, Zeena Saifi, Oren Liebermann Organizations: Lebanon CNN, CNN, UN, United Nations, Iran’s, Center for International, Hezbollah, Spanish UNIFIL, Israel Locations: Kafr Kila, Lebanon, Galilee, Spanish, Israel, Metula, Lebanese, Iran, Damascus, UNIFIL, Iranian, Gaza, Ghajar, Syrian, al

☆ march-inflation-data-lowered-rate-cut-expectations correction
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: 1 min

An earlier reference to the Fed's next scheduled "dot plot" has been removed. The dot plot will next be updated at the Fed's June policy meeting.

☆ Nvidia employees are getting richer with a 'special Jensen grant' that boosts their stock awards by 25%
▼ + stars: | 2024-04-10 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Nvidia is increasing employee compensation with a stock grant named after CEO Jensen Huang. The "Jensen special grant" awards an additional 25% of the initial stock grant given to employees. The one-off grant is an extra 25% of the initial amount of stock units given to employees when they joined. The grant is in addition to any annual equity refreshers employees get each quarter that are based on individual performance. One person suggested the special Jensen grant is being handed out to ensure employees still benefit even if the share price falls back in the coming years.

Persons: Jensen Huang, Jensen, —, Jensen Huang —, Huang, Jeremy Siegel Organizations: Nvidia, Service, Bloomberg, Microsoft, Apple

☆ Goldman Sachs now sees just 2 interest rate cuts in 2024 with auto insurance keeping inflation hot
▼ + stars: | 2024-04-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The Fed is going to cut interest rates just two times in 2024, according to Goldman Sachs. The bank lowered its rate cut forecast from three to two following a hot March inflation report. "We are pushing back our forecast of the first rate cut from June to July," Goldman Sachs said. Still, following the hot CPI report, Hatzius bumped his expectations for the March PCE report. AdvertisementPart of Goldman's confidence in just two interest rate cuts this year stems from the fact that the Federal Reserve's most recent dot plot showed a central bank that was almost evenly split between two or three interest rate cuts this year.

Persons: Goldman Sachs, Jan Hatzius, Hatzius Organizations: Dow Jones, Investors, Federal

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