DIRS.INFO The most relevant business & tech news

☆ The Rise of Single-Parent Families Is Not a Good Thing - The New York Times
▼ + stars: | 2023-09-17 | by ( Melissa S. Kearney | ) www.nytimes.com time to read: +3 min

College-educated adults have seen their earnings rise over recent decades, and they have continued to get married at relatively high rates, typically to one another. One-parent homes generally do not have the same income as two-parent homes, even when we compare the homes of mothers of the same age, education level, race and state of residence. What are the odds that the government will start providing one-parent families with, say, benefits equal to the median earnings of an adult with a high school degree, which comes to around $44,000 a year? As long as that’s the case, income gaps between one- and two-parent homes will be substantial, and income matters a lot for kids’ prospects and futures. But again, it is highly unlikely that government or community programs could ever provide children from one-parent homes with a comparable amount of the supervision, nurturing, guidance or help that children from healthy two-parent homes receive.

Locations: United States

HARTFORD, Conn. (AP) — A police officer was killed and another was seriously injured Wednesday night when their cruiser was struck by a car speeding through a red light while fleeing a traffic stop in Connecticut's capital city, authorities said. Another car that had fled a traffic stop by other officers smashed into the passenger's side of the cruiser just west of downtown Hartford. The driver of the car, Richard Barrington, 18, of Hartford, was treated at a hospital, discharged and arrested, police said. While officers approached the car, Barrington sped away, drove through one red light and went through another red light before crashing into Garten and Kearney's cruiser, he said. The other officers did not chase after Barrington when he fled the traffic stop, the police chief said.

Persons: Robert “ Bobby ” Garten, Brian Kearney, ”, Luke Bronin, “ Bobby, Jason Thody, Garten, Kearney, Richard Barrington, Barrington, Sharmese Walcott, Hannah Dean, Dean, Thody, Ned Lamont, “, they’ll, ” Thody, “ Really Organizations: —, Hartford, ” Police, Hartford State's, Farmington . Gov, Hartford Whalers NHL, Goats Locations: HARTFORD, Conn, Hartford, Garten, Farmington ., U.S, Connecticut, Wethersfield

☆ Op-ed: Why the world needs more oil, not less
▼ + stars: | 2023-08-30 | by ( His Excellency Haitham Al Ghais | Opec Secretary General | ) www.cnbc.com time to read: +3 min

If oil vanished today, these and many other vital products and services that use oil or its derivatives would vanish too. The World Energy Report for 2022, published by the UK-based Energy Institute and consulting firms KPMG and Kearney, noted that fossil fuels constituted 82% of global energy in 2022. This is comparable to OPEC's latest world oil outlook and represents a similar level to 30 years ago. The bottom line is that it is possible to invest heavily in renewables while continuing to produce the oil the world needs today and in the coming decades. Similarly, in the EU, vehicles using petrol or diesel still accounted for around half of all car sales in 2022.

Persons: BEV, BEVS Organizations: Transportation, Energy, Energy Institute, KPMG, Kearney, Toyota Prius, U.S . National Automobile Dealers Association, EU Locations: U.S, China, Paris

☆ Majority of consumers will save in one category to spend in another, says KCI's Katie Thomas
▼ + stars: | 2023-08-29 | 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 EmailMajority of consumers will save in one category to spend in another, says KCI's Katie ThomasKatie Thomas, lead at the Kearney Consumer Institute, joins 'The Exchange' to discuss consumer trends indicating thoughtful spending habits, consumer dependency on price-value equations for purchase decisions, and the concept of trading up versus trading down.

Persons: Katie Thomas Katie Thomas Organizations: Kearney Consumer Institute

☆ Fake goods are everywhere online, experts say. Here's how to spot them.
▼ + stars: | 2023-08-10 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +7 min

New technology and the rise of online shopping has made it easier for scammers to sell fakes. These are the top tips to avoid buying a fake online. The rise of online shopping, particularly during the pandemic, fueled the market for counterfeit products. Here are six tips from experts on what to watch out for when you're shopping online:1. If you see any of these warning signs, the product very well could be fake," the IACC warns online.

Persons: Joe Simone, DK Lee, Jen Hanks, Lee, It's, Ben T, Smith IV, Kearney, Simone, Bob Barchiesi, Insider's Hillary Hoffower, Smith, it's Organizations: Service, Economic Co, Trade, eBay, Walmart, American Apparel & Footwear Association, Amazon, International Anticounterfeiting Coalition Locations: Wall, Silicon, Hong Kong

☆ Women's sports are surging in popularity and driving record World Cup viewership. Here are the top 10 advertisers cashing in.
▼ + stars: | 2023-07-28 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +6 min

The Women's World Cup is a big focus for brands to reach a growing audience. The US Women's National Team's latest Women's World Cup match against the Netherlands drew record viewership on July 26, with around 6.4 million viewers. Most of those eyeballs came from the NCAA women's basketball tournament, for which the company had 141 million household views. The Women's World Cup, which kicked off July 20 in Australia and New Zealand, offers another significant opportunity for companies to reach the growing audience of women's sports fans. July 28, 2023: This story has been updated to reflect viewership for the latest USWNT match in the Women's World Cup.

Persons: it's, Jeff Kearney, Buick, Molly Peck, Peck, Marisstella Marinkovic, Ally Organizations: Buick, Nissan, US, Fox Sports, WNBA, NWSL, Gatorade, Lexus, DIRECTV, Armour, Nielsen Sports, NCAA, ESPN, Ally, Google, Nike, Subway, Volkswagen Locations: Netherlands, Australia, New Zealand, Wells Fargo

☆ The 10 biggest brands advertising in women's sports as viewership reaches new heights and the World Cup takes center stage
▼ + stars: | 2023-07-26 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +5 min

The Women's World Cup is a big focus for brands to reach a growing audience. The first match of US Women's National Team in the Women's World Cup averaged an audience of 5.3 million viewers on July 21, according to the Associated Press. The AP reported that viewership increased 99% from the team's first match of the 2019 World Cup, per Fox and Nielsen. Most of those eyeballs came from the NCAA women's basketball tournament, for which the company had 141 million household views. The Women's World Cup, which kicked off July 20 in Australia and New Zealand, offers another significant opportunity for companies to reach the growing audience of women's sports fans.

Persons: it's, Jeff Kearney, Buick, Molly Peck, Peck, Marisstella Marinkovic, Ally Organizations: Buick, Nissan, Women's National Team, Associated Press, AP, Fox, Nielsen, WNBA, NWSL, Gatorade, Lexus, DIRECTV, Armour, Nielsen Sports, NCAA, ESPN, Ally, Google, Nike, Subway, Volkswagen Locations: Australia, New Zealand, Wells Fargo

☆ 2023 Global Services Location Index: Talent regeneration is vital, says consultancy
▼ + stars: | 2023-07-25 | 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 Email2023 Global Services Location Index: Talent regeneration is vital, says consultancyArjun Sethi of Kearney discusses the 2023 Kearney Global Services Location Index and says "the talent landscape has changed dramatically."

Persons: Arjun Sethi, Kearney

☆ Shein and Temu’s battle for US bargain shoppers is getting nasty
▼ + stars: | 2023-07-19 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —Temu has sued Shein in the United States, accusing its rival of violating antitrust laws by trying to monopolize suppliers and engaging in other allegedly illegal behavior. It follows another complaint from Shein, which sued Temu in December for allegedly mobilizing social media influencers to disparage Shein online. Shein has also “forced” exclusivity deals on clothing manufacturers to prevent them from working with Temu, the complaint states. A new ‘war’In its lawsuit filed last week, Temu claimed its recent entry into the United States had rattled Shein. It claimed that Temu had required them to make statements such as: “Shein is not the only cheap option for clothing!

Persons: Hong Kong CNN — Temu, Shein, Temu, Tomas Stevens, ”, Michael Felice, ” Temu, influencers, “, Shein “, Felice Organizations: Hong Kong CNN, Temu, Consumers, AP, PDD, CNN Locations: Hong Kong, United States, Massachusetts, Shein, Paris, China, Zara, Illinois

☆ With home improvement projects down, it’s Ikea’s moment
▼ + stars: | 2023-07-08 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

Over the next three years, it plans to open eight large stores and nine smaller “plan and order points,” where customers can chat with design consultants and order products. “We see endless opportunities to grow” in the US, Tolga Öncü, head of Ikea Retail for the Ingka Group, Ikea’s Dutch holding company, said in a statement at the time. After splurging on home improvement projects during the pandemic, consumers are pulling back. Home improvement retailer Lowe’s lowered its profit and sales outlook for the year in May, saying consumers were spending less on home improvement. Ikea, which is not publicly traded, reported that its retail sales rose by 6.5% in fiscal year 2022, but didn’t post quarterly results.

Persons: ”, Michael Brown, Spencer Platt, Tolga Öncü, Karl Zimmermann, “, Sucharita Kodali, Forrester, “ they’re, Zimmermann, Paul Bersebach, Marisa Ortega, splurging, Ethan Allen, ” Ortega, —, Anna Cooban, David Goldman, Nathaniel Meyersohn, Parija Kavilanz Organizations: New, New York CNN, Ikea, Ikea Retail, Ingka, Bain, MediaNews, Orange, Register Locations: New York, Aldi, Long Beach , California

☆ Planet-heating pollution from the global energy sector continues to rise as fossil fuels dominate, new report finds
▼ + stars: | 2023-06-26 | by ( Laura Paddison | ) edition.cnn.com time to read: +2 min

Oil, coal and gas made up 82% of global energy consumption last year, according to the Statistical Review of World Energy report by the Energy Institute and consultancies KPMG and Kearney. The report, which analyzes data on world energy markets, found that energy consumption rose by 1% in 2022, with fossil fuels helping to meet the demand,Oil consumption and production both increased last year, the report found. Gas made up 24% of global energy consumption, down slightly from 25% in 2021. As fossil fuels continued to dominate, the amount of planet-heating pollution produced by the energy sector rose to a new high last year, growing by 0.8%. Yet renewable energy, excluding hydropower, still only made up 7.5% of the world’s energy consumption in 2022.

Persons: ” Simon Virley, Juliet Davenport Organizations: CNN, World, Energy Institute, KPMG, Kearney, Gas Locations: China, India, Pakistan, Europe, North America, Paris

☆ China’s economy is way more screwed than anyone thought
▼ + stars: | 2023-06-14 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

The bubble in China's property market finally popped. In April, China's economic data came in weak largely across the board. The problem is that while consumers may be picking up, the biggest drivers of the Chinese economy — property and exports — are going to stay dormant. Consumer consumption makes up about 37% of the Chinese economy (in the US that figure is about 70%). Beijing has tried to shift the country toward a consumption model, like the US, but exports still make up 20% of China's economy.

Persons: lockdowns, it's, Xi Jinping, Stanley Druckenmiller, We're, Morgan Stanley, Goldman Sachs, Wei Yao, Leland Miller, Miller, Yao, Wright, I've, —, Kearney, Linette Lopez Organizations: Trade, JPMorgan, Bloomberg Invest Conference, Bank of America's, China's National Bureau, Statistics, Societe Generale, Analysts, Beijing, China, Chinese Communist Party, China's Locations: China, globalism, Beijing, York, Asia

☆ Paul McCartney says AI has been used to help create a 'final' Beatles song, which features John Lennon's voice
▼ + stars: | 2023-06-13 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Paul McCartney says AI has been used to create a "final" Beatles song featuring John Lennon. Speaking on BBC's Radio 4, McCartney said AI had been used to "extricate John's voice." Paul McCartney says AI has been used to create a "final" Beatles song, featuring the late John Lennon. Speaking on BBC's Radio 4, the songwriter said: "We were able to take John's voice and get it pure through this AI." McCartney told Radio 4's Martha Kearney: "We had John's voice and a piano and he could separate them with AI.

Persons: Paul McCartney, John Lennon, McCartney, AI's, Lennon, Paul, Yoko Ono, Martha Kearney, Nick Cave, Drake, Grimes Organizations: BBC's, BBC News, Radio

☆ The US is building factories at a wildly fast rate
▼ + stars: | 2023-06-08 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

New data from the Census Bureau reveals construction spending by US manufacturers more than doubled from last year. According to data from the Census Bureau released last week, construction spending by US manufacturers more than doubled over the past year. The IRA has sought to create new jobs in manufacturing, construction, and renewable energy, estimated to create up to 1.5 million jobs by 2030. Construction spending in most areas of the US economy has fallen in contrast, including office, health care, and educational construction. Census Bureau data reveals manufacturing construction spending has escalated from January 2020 until April 2023 in every region except New England and the Mid Atlantic.

Organizations: Service, Census, World Bank, of Labor, National Association of Manufacturers, National Environmental Locations: China, Asia, New England, India, Thailand, Vietnam

[1/5] Arlo Brownlee, an engineer, checks battery banks at GlidePath's Byrd Ranch energy storage facility in Sweeny, Texas, U.S., May 23, 2023. The battery rush also puts the Republican-controlled state at the forefront of President Joe Biden's push to expand renewable energy use. Reuters drew on previously unreported data and interviewed more than a dozen executives from private equity firms, utility companies and energy storage providers involved in some of the biggest battery storage deals for this report. But the legislation also contains provisions that industry groups said could encourage investment in battery storage. Miller said he expects ancillary market prices to "collapse" as more battery storage comes online.

Persons: Arlo Brownlee, Adrees Latif, Rhett Bennett, ”, Joe Biden's, Wood Mackenzie, Andrew Waranch, David Miller, Miller, Waranch, Dick Lewis, Andrew Tang, Chris McKissack, you've, McKissack, Nichola Groom, Laila Kearney, Richard Valdmanis, Suzanne Goldenberg Organizations: REUTERS, Korea's SK, Switzerland's UBS, Black, Energy, Texans, Republican, Reuters, U.S . Energy Information Administration, Developers, BlackRock, Jupiter, EnCap Investments, Korea's SK E, Vision Ridge Partners, UBS, SK E, SK, Mercom Capital Group, Reliability, of Texas, Spearmint Energy, Inc, Wartsila, Thomson Locations: Sweeny , Texas, U.S, BlackRock, Texas, California, Gridmatic

☆ Former Lululemon employees say they were fired after calling police to report a robbery
▼ + stars: | 2023-05-30 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Two former employees say they were fired for allegedly breaking store policy at a Lululemon store in Georgia. The women told local outlets they were fired two weeks after reporting a robbery to police. "We didn't really feel very protected or know what else to do," Rogers told local TV station 11Alive. Lululemon said in a later, expanded statement that the two employees weren't fired for calling the police. Update: May 30, 2023: This story has been updated with a new, expanded statement from Lululemon.

☆ Temu's meteoric rise is fueled by social media, but some accounts promoting the shopping app appear to be fake — here's what experts say
▼ + stars: | 2023-05-29 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +4 min

Insider found hundreds of Twitter profiles of people claiming to be Temu ambassadors. Experts say these accounts are likely created by individuals or organizations who want to exploit coupon codes to earn commission. A display name – that includes a nickname or a seemingly real name – alongside a couple of emoticons, and the words: "Temu Ambassador, "Ambassador of Temu," or "Campus Ambassador of Temu." An example of one of the many Twitter profiles we found. All of the profiles we checked shared a link to a $20 coupon to be used on Temu's site.

☆ Temu is America's new dollar store
▼ + stars: | 2023-05-27 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +6 min

Temu is the internet's new discount store with bargain prices that rival dollar chains. Most of these products wouldn't look out of place at a dollar store. "If Amazon and Dollar Tree had a baby it would be Temu," one Twitter commenter wrote. "Temu is basically an online dollar store," another said. This is especially pertinent as stores like Dollar General and Dollar Tree continue to come under inflation-related pressures and raise their prices.

☆ Former Lululemon employees say they were fired for breaking store policy after calling police to report a robbery
▼ + stars: | 2023-05-27 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Two former employees say they were fired for allegedly breaking store policy at a Lululemon store in Georgia. The women told local outlets they were fired two weeks after reporting a robbery to police. "We didn't really feel very protected or know what else to do," Rogers told local TV station 11Alive. The former employees said they are working through how to deal with the sudden firing financially, and hope Lululemon considers changing the policy. Company policy shared with Insider further indicates the women were likely fired for recording and interacting with the robbers, rather than for calling the police.

☆ Body dysmorphia: Definition, symptoms and treatments
▼ + stars: | 2023-05-26 | by ( Kristen Rogers | ) edition.cnn.com time to read: +9 min

Here’s what living with body dysmorphia is like, and how people can find help. What causes body dysmorphiaThere isn’t a sole cause of body dysmorphia, but there are some contributing factors. “Body dysmorphia is in the same family of disorders as obsessive-compulsive disorder,” Durvasula said. Body dysmorphia was originally described as “the imagined ugliness syndrome,” Kearney-Cooke said. Since body dysmorphia is in the same category as obsessive-compulsive disorder, treatments for OCD, such as “exposure and response prevention,” could also be helpful for managing body dysmorphia.

☆ Ultra-cheap Chinese shopping site Temu is becoming the new online dollar store
▼ + stars: | 2023-05-22 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +6 min

Temu is the internet's new discount store with bargain prices that rival dollar chains. Most of these products wouldn't look out of place at a dollar store. "Temu is basically an online dollar store," another said. This is especially pertinent as stores like Dollar General and Dollar Tree continue to come under inflation-related pressures and raise their prices. "You're unlikely to find the things you really need on Temu, you're much more likely to find throwaway items, which you won't perhaps always need.

☆ America has an umpire shortage. Unruly parents aren’t helping
▼ + stars: | 2023-05-18 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +5 min

In one Little League game in Alabama, a coach was seen grabbing an umpire and throwing him to the ground, while kids looked on in bewilderment. In another viral video, parents in Texas aggressively yelled at an umpire, who ended the game early over the disruption. It doesn’t mean I enjoy the way you are calling the game,” Wood told the umpire. The average pay for a youth umpire is $45 to $85 a game, according to the Babe Ruth League. Kelly Peterfriend, who also has a son in Ramsey’s Little League, says she gets most animated during her son’s soccer games.

☆ This is what you need to know about ultra-cheap Chinese shopping app Temu, which sells a huge variety of weird things — and has some wondering if it's for real
▼ + stars: | 2023-05-08 | by ( Grace Dean | Mary Hanbury | ) www.businessinsider.com time to read: +11 min

It's listed as the top free app in both the Google Play store and the Apple App Store, ahead of TikTok, Amazon, and Instagram. These cost savings can then be passed on to the consumer, a spokesperson for Temu told Insider. But for the average North American shopper, such low prices can actually be disconcerting, especially when they don't know much about Temu. A spokesperson for Temu told Insider that it uses its parent company's supply chain and logistics network to ship these items. Read more: I ordered my first 4 items off Chinese e-commerce app Temu and came away annoyed with the dozens of marketing emails sent after making a single purchase

☆ Oil drops nearly 4% as recession fears outweigh US inventory draw
▼ + stars: | 2023-04-26 | by ( Laila Kearney | ) www.reuters.com time to read: +3 min

Energy Information Administration (EIA) data showing U.S. crude inventories fell last week by 5.1 million barrels to 460.9 million barrels helped to limit the price fall, far exceeding analyst forecasts of a 1.5 million drop in a Reuters poll. Gasoline and distillate stocks also drew down, sinking by 2.4 million barrels to 221.1 million barrels and almost 600,000 barrels to 111.5 million barrels, respectively, the EIA said. A forecast of higher refinery activity, but lower crude exports, will continue a push and pull for weeks. Oil prices fell more than 2% on Tuesday as lingering economic concerns and expectations of further interest rate hikes that could curtail fuel demand growth countered signs of improving short-term consumption gains. "This (data) will add credence to claims that the U.S. economy is edging closer to a recession," said PVM Oil's Stephen Brennock.

☆ Oil slides as recession fears outweigh large US inventory draw
▼ + stars: | 2023-04-26 | by ( Laila Kearney | ) www.reuters.com time to read: +2 min

Brent crude fell by $1.08, or 1.3%, to $79.69 a barrel by 10:54 a.m. EDT (1454 GMT). U.S. West Texas Intermediate crude fell 76 cents, or 1%, to $76.31. U.S. crude oil inventories fell last week by 5.1 million barrels to 460.9 million barrels, far exceeding analysts' expectations in a Reuters poll for a 1.5 million-barrel drop, the Energy Information Administration (EIA) said. Gasoline and distillate stocks also drew down by 2.4 million barrels to 221.1 million barrels and almost 600,000 barrels in to 111.5 million barrels, respectively, the EIA said. Russian Deputy Prime Minister Alexander Novak said on Wednesday that OPEC+ remains an efficient tool for coordination on global oil markets.

Search resuls for: "Kearney"

25 mentions found