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☆ Jamie Dimon might finally be ready to call it quits
▼ + stars: | 2024-05-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyA retirement loomsMarianne Ayala/BIThe world's most recognizable banker might finally be ready to call it quits. The comings and goings of Wall Street executives are common, even at the highest levels. Wall Street has long speculated about who will ultimately succeed Dimon. Martin Gruenberg has told staff he'll stand down as chairman once a replacement has been found , per The Wall Street Journal. A report from the Wall Street Journal says the company hopes to conduct its next implant in June.

Persons: —, Jamie Dimon's, Marianne Ayala, Jamie Dimon, Insider's Paul Squire, nodded, Morgan Stanley, JPMorgan's, Tom Williams, Dimon, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, BI's Reed Alexander, Reed, M, Alyssa Powell, Goldman Sachs, Lindsay MacMillan, Nancy Lazar, Piper, Martin Gruenberg, OpenAI, Scarlett Johansson, Sam Altman's, Andrea Chronopoulos, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Navy SEAL, Business, JPMorgan, Street, Citi, Bank, Inc, Getty, Wall, Dimon, Bank of America, FDIC, Microsoft, Wall Street Journal Locations: New York, London

☆ Jamie Dimon is worried about how much the US is borrowing. Here’s why
▼ + stars: | 2024-05-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Major business leaders and economists are worried about America’s growing debt problem. Last week, JPMorgan CEO Jamie Dimon expressed fear that a crisis is looming and that unchecked deficit spending could explode. The big picture: Between the Trump-era tax cuts and Covid-era stimulus programs, the national debt has exploded in recent years. Trump Media (DJT) reported a loss of $327.6 million during the first three months of the year, compared with a loss of $210,300 a year earlier. The company generated just $770,500 of revenue, marking the second-straight quarter where its revenue totaled less than $1 million.

Persons: Jamie Dimon, ”, ” Dimon, “, Ray Dalio, Columbia Business School Glenn Hubbard, Joe Biden’s, Jason Thomas, Carlyle, ” Thomas, Hanna Ziady, Liz Truss, Treasuries, Hubbard, Thomas, it’s, Donald Trump, Matt Egan, Devin Nunes, Martin Gruenberg, Elisabeth Buchwald, ” Gruenberg, Sen, Sherrod Brown, Gruenberg, He’s, Cleary Gottlieb Steen, Gruenberg’s, Gruenberg Organizations: CNN Business, Bell, New York CNN —, JPMorgan, Sky News, Financial, Columbia Business School, United, CNN, IMF, Congressional, Office, Peterson Foundation, Treasury, Trump Media, Trump Media & Technology Group, Truth Social, Company, Big Tech, ” Trump Media, Federal Deposit Insurance Corporation, Senate Banking Committee, FDIC, Hamilton Locations: New York, Bridgewater, United States, —, United, United Kingdom

☆ Biden and Big Oil Had a Truce. Now, It’s Collapsing.
▼ + stars: | 2024-05-21 | by ( Lisa Friedman | Rebecca Elliott | ) www.nytimes.com time to read: +1 min

Early in his term, President Biden seemed to have struck an uneasy truce with the oil and gas industry. Mr. Biden had imposed restrictions on drilling as part of his ambitious climate agenda, but he also approved an enormous $8 billion oil project in Alaska. The United States had become the world’s leading exporter of natural gas, and no other country in history was pumping more crude. Then, in January, Mr. Biden paused new permits for export facilities for liquefied natural gas. That decision galvanized oil and gas companies against Mr. Biden, according to industry lobbyists, and will be an undercurrent at a fund-raising lunch set for Wednesday in Houston.

Persons: Biden, Donald J, Trump, Mr, “, ”, Thomas J, Pyle Organizations: United, Mr, American Energy Alliance Locations: Alaska, United States, Houston

☆ Over 100 basic-income pilots have run in US cities. Now states are getting creative to fund no-strings-attached cash payments.
▼ + stars: | 2024-05-21 | by ( Allie Kelly | ) www.businessinsider.com time to read: +12 min

Basic income has become a trending strategy to combat poverty in cities nationwide. ARPA funds have been used to partially or fully fund most US basic-income pilots so far, but funds are set to expire. While philanthropy and nonprofit work have been central to basic-income pilots, they are not always a long-term or large-scale funding solution. More GBI programs are electing to focus on specific groups of participants, like low-income parents with children and foster youth. The program is funded through the Temporary Aid to Needy Families Program (TANF), an existing federal cash assistance program for low-income families.

Persons: —, Michael Tubbs, Tubbs, It's, Tubbs —, GBI —, Marcela Díaz, let's, Díaz, Teri Olle, Olle, John Gillette, Ken Paxton, Dustin Palmer, GiveDirectly, Palmer, Shafeka Hashash, Hashash, Hashah, GBI Organizations: Service, Business, SNAP, Medicaid, Somos Un, Somos Un Pueblo Unido, Economic Security, New, New Mexico House, California Senate, Republican, South Dakota Republicans, ARPA, Pew Charitable Locations: Stockton , California, Durham , North Carolina, Birmingham, Chicago, Antonio, San Antonio, Denver, Seattle, California, New Mexico, State, Mexico, Somos, Somos Un Pueblo, Economic Security California, Arizona, Iowa, Harris County , Texas, Flint , Michigan

☆ I work in the unpredictable film industry so I started blogging as a side hustle. Now it supports me fully — here's how I built it.
▼ + stars: | 2024-05-21 | by ( Elle Hardy | ) www.businessinsider.com time to read: +6 min

I could be on a three-month film set or a nine-month series set and then go months without a call. I started working on YouTube thumbnails and event flyers for the music industry. For example, a friend helped repair my dishwasher, so I put together "gift ideas for makers and tinkers." AdvertisementI started posting in groups and asking for gift ideas to write blog posts about. It's not money I would make on a film set, but it was something.

Persons: —, Ana Julia Gomes, I've, John Wick, Jessica Jones, It's, I'm, DINK Organizations: Service, Business, Constellation, Apple, DJ, WordPress, Facebook Locations: Berlin, Cuba, Miami, New York City

☆ Nestlé is releasing a lineup of frozen food for people on Ozempic and other GLP-1 drugs
▼ + stars: | 2024-05-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Nestlé, the maker of frozen food brands like Stouffer’s and DiGiorno, is slimming down with a new line of meals for people taking GLP-1 drugs, such as Ozempic, for weight loss. However, a recent study on Wagovy significantly reduced heart risk in addition to helping with weight loss. An example of Vital Pursuit food. It also made a $100 million-plus deal to buy Sequence, a telehealth business that offers virtual prescriptions to patients for these weight loss drugs where appropriate. Food companies, like Nestlé, are also bracing for GLP-1 consumers to buy fewer sugary snacks and drinks.

Persons: New York CNN — Nestlé, It’s, Morgan, Steve Presley, Neil Saunders, Nestlé, it’s “, Saunders, ”, “ Nestlé, Sesame, WeightWatchers, ” Saunders, CNN’s Nathaniel Meyersohn Organizations: New, New York CNN, North, GlobalData, Lean, CNN, Companies, Costco, Equinox Locations: New York

☆ Why I Quit Goldman Sachs' Rigid, Male-Dominated Culture
▼ + stars: | 2024-05-21 | by ( Lindsay Macmillan | ) www.businessinsider.com time to read: +11 min

The lack of female leadership in the financial industry is nothing new, but many companies have been making strides. But as I watch senior women continue their exodus from Goldman, I'm not sure the company actually wants to change. While many companies have modernized to embrace hybrid and remote work, Goldman has not. Rather than changing its "be in the office every day and grind it out" culture to better suit women, Goldman puts the onus on us to change ourselves to fit the model. But Goldman leadership seems to want the benefits of gender diversity without the hard work of supporting diverse leadership styles.

Persons: Goldman Sachs, —, Dina Powell McCormick, Beth Hammack, Stephanie Cohen, Goldman, I'd, It's, it's, Morgan Stanley, Jamie Dimon, David Solomon, I'm, hadn't, Julia Boorstin, — Goldman, I've, she's, Asahi Pompey, Yassaman Salas, Rebecca Anderton, Davies, Lindsay MacMillan Organizations: Street Journal, Goldman, Citi, JPMorgan, International Workplace, McKinsey, LinkedIn, CNBC, Deloitte, Asahi Locations: Canada, London, New York

☆ China is trying to end its ‘epic’ property crisis. The hard work is just beginning
▼ + stars: | 2024-05-21 | by ( Laura He | ) edition.cnn.com time to read: +7 min

“The policymakers recognize the urgency to prevent an outright property crisis,” said Zhaopeng Xing, senior China strategist at ANZ Research. According to Goldman Sachs, the total value of unsold homes, unfinished projects and unused land in China is about 30 trillion yuan ($4.1 trillion). On Friday, Tao Ling, deputy governor of the PBOC, said the relending program could eventually underpin 500 billion yuan ($69 billion) worth of bank loans to support the buying. The Housing Ministry said Friday that local governments can instruct local state-owned enterprises to help purchase some unsold homes from developers. Just the beginningAddressing the oversupply of unsold homes is only the first step, experts say.

Persons: ”, Zhaopeng Xing, Goldman Sachs, it’s, Tao Ling, Ting Lu, Nomura, Helen Qiao, It’s, Tao, ” Jing Liu, Taylor Wang, Xing, Goldman, Donald Trump, Michelle Lam, Wei Yao, Société Générale Organizations: Hong Kong CNN —, ANZ Research, Goldman, People’s Bank of China, Greater China, Bank of America, Housing Ministry, HSBC, European Union Locations: China, Hong Kong, Hong Kong CNN — Beijing, Beijing, Greater, Société, Japan

☆ Oil prices fall on fear of high U.S. interest rates depressing demand
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: +2 min

Oil storage drums stacked in the Keihin industrial area of Kawasaki, Kanagawa Prefecture, Japan, on Monday, April 15, 2024. Oil prices fell in early Asian trade on Tuesday, with investors anticipating higher-for-longer U.S. inflation and interest rates will depress consumer and industrial demand. "Fears of weaker demand led to selling as the prospect of Fed rate cut became more distant," said analyst Toshitaka Tazawa at Fujitomi Securities. Lower interest rates reduce borrowing costs, freeing up funds which could boost economic growth and demand for oil. OPEC+ could extend some voluntary output cuts if demand fails to pick up, people with knowledge of the matter previously told Reuters.

Persons: Toshitaka Tazawa, Philip Jefferson, Michael Barr, Raphael Bostic, Ebrahim Raisi, Ayatollah Ali Khamenei, Mohammed Bin Salman, Fujitomi's Tazawa Organizations: Brent, . West Texas, Federal, Fujitomi Securities, Atlanta Fed, Reuters, Saudi Arabia's Crown, Iranian, Investors, Organization of, Petroleum Locations: Kawasaki, Kanagawa Prefecture, Japan, Saudi, OPEC

☆ How Free School Meals Went Mainstream
▼ + stars: | 2024-05-21 | by ( Susan Shain | ) www.nytimes.com time to read: +1 min

At those schools, all students get free breakfast and lunch, regardless of their family’s income. “We’ve done a lot of good things to feed kids here in Butte,” Mr. Marthaller said. But introducing universal free meals, he added, was “probably the best thing we ever did.”Advocates for free school meals have pushed for them to be offered to every student for a long time, but saw significant progress in the last decade and a half. Their first big win came quietly, in 2010, when Congress passed an under-the-radar policy called the community eligibility provision, which made it easier for schools to serve free meals to all. Then, during the Covid-19 pandemic, the federal government let every public school student eat for free, rapidly transforming the nation’s thinking around school meals.

Persons: Kurt Marthaller, fuming, “, ” Mr, Marthaller Locations: Butte, Mont

☆ Trump’s Lawyers Are Expected to Rest Their Case on Tuesday
▼ + stars: | 2024-05-21 | by ( Matthew Haag | ) www.nytimes.com time to read: +1 min

On Monday, prosecutors rested their case after their 20th and final witness, Michael D. Cohen, stepped down from the stand after a week of testimony in a Manhattan courtroom. That’s an indication that it is unlikely Mr. Trump will testify. The judge, Juan M. Merchan, said that closing arguments would come next, after the long Memorial Day weekend. Mr. Trump’s trial entered its sixth week on Monday, with signs throughout the day that the patience of some in the courtroom, including the judge, had worn thin. Near the end of the day, Justice Merchan sharply scolded Mr. Costello over his behavior on the stand.

Persons: Donald J, Trump, Michael D, Cohen, Robert J . Costello, Juan M, Merchan, Trump’s, Mr, Costello Locations: Manhattan

☆ Live updates: Israel-Hamas war in Gaza, Benny Gantz ultimatum, Netanyahu government in turmoil
▼ + stars: | 2024-05-20 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

Rescue teams' vehicles are seen near the site of the incident of the helicopter carrying Iranian President Ebrahim Raisi in Varzaghan in northwestern Iran, on May 19. It has also brought a decades-long shadow war between Iran and Israel out into the open. But the proxy war continues with Iran-backed militias such as Hamas and Hezbollah continuing to fight Israel’s forces. The powers of Iran's president are ultimately dwarfed by those of Supreme Leader Ayatollah Ali Khamenei, who is the final arbiter of domestic and foreign affairs in the Islamic Republic. That means Iran's clerical establishment, headed by Khamenei, must now find a new leader they can throw their support behind against a backdrop of intense regional insecurity and domestic discontent.

Persons: Ebrahim Raisi, Azin, Israel —, Israel, Mahsa, Raisi, Ayatollah Ali Khamenei, —, Mohammad Mokhbar —, Khamenei Organizations: Moj News Agency, Hamas, Revolutionary Guards, United Locations: Varzaghan, Iran, Gaza, Israel, Damascus, Iranian, Isfahan, United Nations, Islamic Republic

☆ Island time: Why some resorts in the Maldives move their clocks ahead an hour
▼ + stars: | 2024-05-20 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +6 min

Many resorts move their clocks at least one hour ahead of the country’s official time zone – which is five hours ahead of Greenwich Mean Time (GMT+5). The JW Marriott is one of four Maldives properties under the Marriott Group umbrella, alongside St. Regis Maldives Vommuli Resort, the Westin Maldives Miriandhoo Resort and the Ritz-Carlton Maldives, Fari Islands. Video Ad Feedback Inside one of the Maldives' most luxurious resorts 02:30 - Source: CNNSoneva, another luxury resort group with multiple properties around the Maldives, also sets the clocks at its resorts an hour ahead of Male Time. Not every island resort follows island timeVideo Ad Feedback Flying with the barefoot pilots of the Maldives 02:31 - Source: CNNNot every resort in the Maldives follows island time. “Here at Kurumba Maldives we don’t use island time and never have, simply because as the first resort in the Maldives the concept of island time didn’t exist,” says Ali Farooq, resort manager at Kurumba, which opened in 1972.

Persons: Mohit Dembla, Matteo Colombo, ”, Zhilah Vego, CNN Soneva, Soneva Jani, Jani Time, Charles Morris, “, –, Regis, Ali Farooq, Marriott’s Organizations: CNN, JW, Spa, CNN Travel, Marriott, Marriott Group, St, Regis, Westin, Ritz, Carlton Maldives, GM, ” Staff, Maldives ’, butlers, Kurumba, Velana International Locations: Maldives, Greenwich, Regis Maldives, Westin Maldives, Fari Islands, Beach, Maldivian, St, Kurumba Maldives, Kurumba, Malé

☆ The charts indicate a long-term turnaround underway in natural gas. Here's a stock to play it
▼ + stars: | 2024-05-20 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

Natural gas futures have cleared their 200-day moving average and appear to have entered a long-term basing process. Given the potential for a long-term turnaround phase in natural gas prices, we were drawn to the energy sector as a source of potential long-term stock opportunities. Secondary resistance for natural gas comes from a Fibonacci retracement level near $3.50/MMBtu. How to play it One of the natural gas-related stocks that sets up well from a technical perspective is Cheniere Energy (LNG) , which is a provider of liquified natural gas. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only.

Persons: Katie Stockton Organizations: Energy, Fairlead, CNBC Pro, Securities

☆ Opinion | Occupation Has Corrupted the Humanity of Israel’s Military
▼ + stars: | 2024-05-20 | by ( Avner Gvaryahu | ) www.nytimes.com time to read: +1 min

Israel’s military has brought utter devastation to the Palestinians of Gaza after the attack by Hamas on Oct. 7. It is also a product of the decades-long role the military has played in enforcing Israeli occupation of Palestinian territories. Israel has governed a people denied basic human rights and the rule of law through constant coercion, threats and intimidation. I know this through the numerous testimonies collected by my organization, Breaking the Silence, which was formed in 2004 by a group of Israeli veterans to expose the reality of Israel’s military occupation. We know firsthand and from thousands of soldiers that military occupation is imposed on civilians through fear, which is instilled by the growing and often arbitrary use of force.

Organizations: Israel Defense Forces Locations: Gaza, Israel

☆ Taking the Long Way Home From Alaska
▼ + stars: | 2024-05-20 | by ( Elaine Glusac | ) www.nytimes.com time to read: 1 min

Within months of the Pearl Harbor bombing on Dec. 7, 1941, the United States, in cooperation with the Canadian authorities, set out to build a highway from British Columbia to Alaska, then a territory and viewed as vulnerable to attack by Japan. The original 1,685-mile road took more than 10,000 soldiers less than nine months to complete. An upgraded version opened in 1948 and has been continually resurfaced and rerouted; It now measures just shy of 1,400 miles from Dawson Creek, British Columbia, to Delta Junction in Alaska, according to “The Milepost,” a guidebook to the drive. The highway formed the heart of a family road trip I took last September from Alaska to Idaho, passing through the Yukon, British Columbia and Alberta, in Canada, along the way.

Locations: United States, British Columbia, Alaska, Japan, Dawson Creek, Idaho, Yukon, Alberta, Canada

CNN —The prosecution rested their case against Donald J. Trump on Monday in the former president’s hush money trial, which is barreling toward a conclusion as soon as next week. Regardless of the break, the Trump hush money trial is near its end – and roughly a week away from being in the hands of the jury. Cohen was the key witness, spending more than 17 hours on the witness stand over four days before wrapping up on Monday. Trial endgame comes into focusTrump’s side began its defense case Monday afternoon – and the former president’s lawyers appear likely to rest on Tuesday. The defense first called a paralegal to introduce call records between Cohen and Costello, before Costello took the stand.

Persons: Donald J, Trump, Michael Cohen’s, Cohen, Stormy Daniels, Juan Merchan, Robert Costello, audibly, Costello, Merchan, Daniels, Hope Hicks, National Enquirer David Pecker, Todd Blanche, Trump’s, Rudy Giuliani, “, Bob, Donald Trump, Emil Bove, ”, there’s, ” Merchan, Susan Hoffinger Organizations: CNN, Trump, National Enquirer, CNN Defense, FBI, New Locations: Manhattan, New York

☆ Trump Media Reports Lackluster Revenues and Large Losses
▼ + stars: | 2024-05-20 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

On Monday, former President Donald J. Trump’s social media company reported taking in $770,000 in advertising revenue in the first three months of the year, largely from its Truth Social platform, as it continued to incur hefty losses. The company, Trump Media & Technology Group, completed a long-awaited merger in March with Digital World Acquisition Corporation, a cash-rich shell company that served as a vehicle for taking Trump Media public. After the merger, Trump Media said it had about $274 million in cash and cash equivalents on its balance sheet, which would enable the company to “fund operations for the foreseeable future.”The public debut of Trump Media has been a boon to Mr. Trump, who owns a nearly 65 percent stake, worth about $6 billion. In a regulatory filing, the company said that it took in $770,000 in the past quarter, compared with $1.1 million in revenue in the year-ago quarter. The company said that much of the revenue “decrease was attributable to a change in the revenue share with one of our advertising partners.”

Persons: Donald J, Trump, ” Organizations: Trump Media & Technology Group, Acquisition Corporation, Trump Media

☆ Cher says she plans to celebrate her 78th birthday with a pillow over her head and screaming
▼ + stars: | 2024-05-20 | by ( Amanda Goh | ) www.businessinsider.com time to read: +1 min

She told Entertainment Tonight that she plans to celebrate her birthday by "putting my pillow over my head and screaming." The "Believe" singer previously said she'll continue to wear jeans and have long hair even when she's 80. 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 . During the red carpet, Cher told Entertainment Tonight that she plans to celebrate her birthday by "putting my pillow over my head and screaming."

Persons: Cher, she'll, —, Bob Mackie Organizations: Entertainment, Service, Business Locations: Los Angeles

☆ Is Curbside Parking an Endangered Species?
▼ + stars: | 2024-05-20 | by ( Dodai Stewart | ) www.nytimes.com time to read: +1 min

This is Street Wars, a weekly series on the battle for space on New York’s streets and sidewalks. Nia Smith, a born-and-bred Brooklyn resident, has long Covid and drives just about everywhere, every day. She got a car because she was having back problems, and she spends quite a bit of time thinking about parking. “Thursdays and Fridays are like the worst days to find a parking spot. He describes a familiar morning routine, moving his 2022 Kia Seltos out of the way of the street cleaner and then back.

Persons: Nia Smith, Elya Shavrova, Jake Dann, Soury, Murray Hill, Kia Seltos, ” Organizations: Brooklyn Locations: Bedford, Stuyvesant, Ditmas

☆ A professor of exercise and aging shares how she works out and eats to stay healthy as long as possible
▼ + stars: | 2024-05-20 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +6 min

Read previewAs a professor of exercise, Karyn Esser knows a lot about fitness. Esser told BI that motivation should come from keeping your body fit and healthy so you can keep enjoying life — things like traveling or playing with grandkids. Esser does strength training even though she doesn't like itEsser has been strength training for three years because she knows it's important for healthy aging. Strength training is important to combat the muscle loss that occurs with age. AdvertisementEsser worked with a trainer to devise a strength training program she could do at home two or three times a week.

Persons: —, Karyn Esser, Esser, Bryan Johnson, Karyn Esser Esser, I've Organizations: Service, University of Florida, grandkids, Business

☆ Creating an income-producing portfolio
▼ + stars: | 2024-05-20 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

A lot goes into creating and managing an income-producing portfolio that works for you. Knowing your expenses will give you a good sense of the income you’ll need. Ways to generate incomeTake the income you think you’ll need and subtract from that the income you expect. For example, if you need $65,000 a year but will only bring in $40,000, you’ll need to generate the other $25,000. • For money you’ll need in three to five years, use short-term corporate bonds as well as longer-term CDs.

Persons: it’s, Will, David Seufer, you’ll, Marguerita Cheng, ”, David Edmisten, Edmisten, Cheng, ” Seufer, “, ” Edmisten, Seufer, they’re, ” Cheng Organizations: New, New York CNN, Gravitas, Social Security, Blue, ” Capital, Social Locations: New York

☆ US Navy warships in the Red Sea are fighting off missiles new to combat that are 'way faster' than anything else, destroyer captain says
▼ + stars: | 2024-05-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Since then, the Iran-backed rebels have fired dozens of anti-ship ballistic missiles into the Red Sea and Gulf of Aden. An anti-ship ballistic missile "is just way faster than anything else, Cmdr. Jeremy Robertson, captain of the guided-missile destroyer USS Carney, told reporters during a media event on Monday. The Houthis maintain a sizable arsenal of anti-ship ballistic missiles, according to an analysis by the the International Institute for Strategic Studies think tank. US Navy guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on October 19, 2023.

Persons: —, Jeremy Robertson, Carney, MCS2 Aaron Lau, Robertson, we've, Dwight D, Eisenhower, Petty, Bill Dodge, The Carney, Lisa Franchetti, Franchetti Organizations: Service, Navy, Business, US Navy, International Institute for Strategic Studies, Central Command, AP, Israel, Naval, Fleet Locations: American, Iran, Gulf of Aden, Suez, Yemen, Tehran, Washington, Pacific, China, Souda Bay, Greece, Mayport , Florida

☆ How Apple's AI push could do more than just reignite iPhone sales
▼ + stars: | 2024-05-20 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

"I think the iPhone next generation has to incorporate far more AI than it does now," Jim said on Monday. The Club's belief is that doing so will prompt iPhone users to upgrade to the newer model, helping reignite topline growth for Apple following a prolonged period of sluggishness. The majority of Apple's installed base of more than 2.2 billion devices is iPhones, Melius said in its note Monday. AAPL YTD mountain Apple (AAPL) year-to-date performance AI can boost more than just iPhone sales, according to Melius. In the three months ended March 30, the iPhone 15 and iPhone 15 Pro Max held the No.

Persons: Jim Cramer, Jim, Melius, Max, Jim Cramer's Organizations: Melius Research, Apple, Conference, Cupertino, Reuters, Huawei, CNBC, Citizens, Nurphoto, Getty Locations: China, Melius, India, Shanghai

☆ A software engineering job got over 3,000 applications. Here's how a recruiter screened out 98% of them before a phone call.
▼ + stars: | 2024-05-20 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Read previewIt took Lusely Martinez and her team 50 days to fill a software engineering role for a global tech company. "This role was for a level three software engineer, with full-stack expertise and knowledge of specific programming languages," Martinez told Business Insider. Martinez used an applicant tracking software to screen out candidates who didn't meet the job's basic requirements. Recruiter screening callThe hiring manager selected 43 candidates for a recruiter screen —1.28% of the total applicants. "Do your due diligence: read the job posting thoroughly before applying to ensure you are a good match," she said.

Persons: —, Lusely Martinez, Martinez, they've, it's Organizations: Service, Business, BI Locations: generalities

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