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Insider Today: Nantucket's 'free' homes
  + stars: | 2024-04-06 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +5 min
NEW LOOK 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 . "Bridgerton" is back, and if you're like the millions of viewers who tuned in last season, you'll want to hear this. The island is replete with dozens of "free" homes — but there's a catch. AdvertisementSee the full listMore of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor-in-chief, in New York.
Persons: , you'll, let's, Tyler Le, it's, Andrew Woodley, Barbie, wouldn't, Mai Tai, Tommy Hilfiger, Stephen Schwarzman, Natalia Agatte, Kendall Jenner, Kaia Gerber, Rebecca Zisser, Max, Mary, George, Julianne Moore, Nicholas Galitzine, Ripley, Andrew Scott, Patricia Highsmith's, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Business, Service, Netflix, Universal, Getty, Blackstone, Young, Air Force, Starz Locations: US, Mexico, Canada, Cleveland, Dallas, Indianapolis, Texas, Maine, Nantucket, Massachusetts, Cape Cod, New York
In today's big story, we're looking at a Wall Street billionaire's prediction that the four-day workweek is coming . Billionaire hedge fund manager and New York Mets owner Steve Cohen said a four-day workweek is inevitable , Business Insider's Matthew Fox writes. Cohen put his money where his mouth is regarding the four-day workweek. As the newest four-day workweek fan club member, Cohen must be interested in implementing it at his hedge fund, Point72. Maybe the four-day workweek represents the olive branch companies can extend to get people back to their desks.
Persons: , Jack, Dave Kotinsky, Rebecca Zisser, Steve Cohen, Matthew Fox, I'd, Cohen, Tech.co, Yuki Iwamura, Jerome Powell, Powell, Tesla, Brooks Kraft, OpenAI's, Logan Kilpatrick, Kilpatrick, Carl Godfrey, Bob Iger, Nelson Peltz, Iger, he's, he'll, Goldman Sachs, David Solomon, Joe Lewis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, United Airlines, Boeing, Business, Lincoln Center, Billionaire, New York Mets, CNBC, Mets, Technologies, Workers, Federal, JPMorgan, Brooks, Brooks Kraft LLC, Getty, Services, Google, Bloomberg, BI, Reuters Locations: York, New York, London
Polar ice melt driven by climate change is affecting Earth's rotation, according to new research. A human-driven change in the Earth's rotation has never been seen before, and may affect computing. DrPixel/Getty ImagesDon't worry — this change in Earth's rotation won't be catastrophic. Denis Tangney Jr./Getty ImagesAs a result, scientists predict that we would need the first-ever negative leap second by 2026. iStock / Getty Images PlusThere are three main mechanisms that control the Earth's spin:One is tidal friction, or the interaction between moving ocean water and the ocean floor, which slows Earth's rotation.
Persons: Duncan Agnew, what's, Denis Tangney Jr, Felicitas Arias, Judah Levine, Agnew, Andres Forza, you've Organizations: Service, Scripps Institution of Oceanography, International Bureau, Time Department, National Institute of Standards, Technology, Washington Post, Northern, Reuters, CNN Locations: Wellesley , Massachusetts, Needham, Northern Canada, Scandinavia, Argentina
In today's big story, we're examining how a change in credit cards' behind-the-scenes fees impacts you… and your points . Under the settlement, merchants could charge customers more for using different cards despite being part of the same Visa or Mastercard network. AdvertisementTim Boyle/Getty Images; Jenny Chang-Rodriguez/BIThe agreement could ultimately reshape how consumers pay for things. AdvertisementPerhaps that's why one analyst told Business Insider's Alex Bitter he doesn't expect major retailers to pass swipe fees along to customers. But maybe, not unlike the fees the agreement targets, what seems small could eventually add up to something big.
Persons: , Jenny Chang, Rodriguez, Insider's Grace Eliza Goodwin, Tim Boyle, David Morris, Alex Bitter, LUDOVIC MARIN, BlackRock's Larry Fink, Jeremy Grantham, Ian Shepherdson, That'll, We've, Meta, Mark Zuckerberg, Facebook execs, Francis Key Scott, Hunter Biden, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Nickelodeon, Business, Mastercard, Visa, Getty, Fed, Amazon, BI Locations: Europe, LUDOVIC, Baltimore, Port, New York, London
But there are minimally processed, healthier snacks at the store if you know what to look for, he said. Experts don't fully understand why processed foods are bad for our health, but the evidence suggesting that they are continues to grow. He shared the minimally processed snacks he picks up from the store when he's hungry and in a rush with BI. Hummus and cruditésAnother healthy snack option is hummus paired with some chopped vegetables, such as carrot sticks. You can't find a less processed snack than that.
Persons: , Rob Hobson, Hobson, dietitian Taylor Grasso Organizations: Service, Business
The big storyRetirement crisisart-4-art/Getty Images; Adobe Firefly; Jenny Chang-Rodriguez/BIWhat was once a natural part of the American dream — retirement — is now a luxury many workers can't afford. All of that combines to form a growing, and increasingly bleak, American retirement crisis. Plus, some who do leave work early end up regretting it . AdvertisementWhile early retirement isn't for everyone, retirement at its most basic level — leaving work after most of our adult lives — should be. The notion that people who've done everything they were supposed to, and still can't retire, points to major problems in the system at large.
Persons: , Jordan Parker Erb, Dan DeFrancesco, Haven't, Jenny Chang, Rodriguez, they've, Juliana Kaplan, doesn't, Juliana, who's, she's, Alounthong, Getty, Klaus Vedfelt, Tyler Le, Zers, millennials, Warren Buffett's, Buffett, Sam Bankman, Daniel Jurman, it's, Rebecca Zisser, Elon Musk, Donald Trump, Hallam Bullock, George Glover, Grace Lett, Lisa Ryan Organizations: Service, Business, Pensions, Social Security, Prosecutors, BI, Apple, Accenture, Deloitte, Google Locations: America, India, China, American, New York, London, Chicago
Apple's having a rough year
  + stars: | 2024-03-24 | by ( Matt Turner | Jordan Parker Erb | ) www.businessinsider.com   time to read: +4 min
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Justin Sullivan/Getty Images; Jenny Chang-Rodriguez/BIThis week's dispatchTaking a bite out of AppleApple's having a rough year. Apple is to blame for Amazon and Microsoft's phone failures, per the DOJ, which also zeroes in on Apple's green text bubbles. It was a tech antitrust lawsuit more than two decades ago that helped create space for Apple's rise.
Persons: , Justin Sullivan, Jenny Chang, Rodriguez, Tim Cook, Steve Jobs, Apple, Rebecca Zisser, Frazer Harrison, Tyler Le, Goldman Sachs, David Solomon, Patrick Semansky Goldman, Russell Horwitz, Al Schwimmer, Frank Sinatra, Matt Turner, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Apple, Department of Justice, DOJ, Amazon, FTC, Getty, Google, BI, David Solomon AP Locations: China, Palestine, New York
The genius Roman creations that still amaze us today
  + stars: | 2024-03-23 | by ( Guy Kesteven | ) edition.cnn.com   time to read: +13 min
That’s because Roman passions for outrageous, oversized architecture went hand in hand with detailed record-keeping and relentless imperial PR. We should warn you that the lines to get in now are likely even longer than the Roman ones though. While it was forgotten for over 1,000 years, this UNESCO World Heritage site now gets over 2,500,000 visitors a year. Mahmud Turkia/AFP/Getty ImagesWhat: Spectacularly preserved Roman portWhere: Libyan coastWhoa: Seeing is still not believingThe undoubted winner of the “most incredible Roman site you’ve never heard of” award is Lepcis Magna. That’s made this dramatic structure a designated UNESCO World Heritage site and well worth a visit on any Roman road trip across Europe.
Persons: Genghis, Marco Cantile, Volcanically, Pliny, hadn’t, That’s, Pont du, Pont, it’s, Mahmud Turkia, you’ve, Magna, Septimus Severus, , Emperor Augustus, Tiberius, Domitian, Nero, Maximus, Don’t, Augustus, Vindolanda, Hadrian, Antonine, Aphrodisia, Caracalla, Caracalla aren’t, Diocletian, Guy Kesteven, Sarah, Freya Organizations: CNN, Scottish Borders, UNESCO, Heritage, Lepcis Magna, Getty, Coliseum, YouTube, Royal Holloway University Locations: Rome, Africa, Scottish, Italy, Herculaneum, Naples, Mount, Gardon, France, AFP, Libyan, Libya, Palatine Hill, Trier, Germany, Europe, England, Roman, Scotland, Anatolia, Turkey, Aphrodisia, Caracalla
In today's big story, we're looking at why the economy has most consumers feeling like they are stuck in place . A "trapped in place" economy is in full swing. Bad buying conditions coupled with everyday high prices means consumers can't make any major life changes , writes Business Insider's Emily Stewart. But it's not the only area of the economy that's stuck, Emily writes. So, while consumers lament being stuck in place, they should also avoid getting stuck looking to the past.
Persons: , Rebecca Zisser, Emily Stewart, it's, Emily, gunning, It's, Jerome Powell's, Tyler Le, Steve Mnuchin, Brian Moynihan, Instagram, Jensen Huang, Chelsea Jia Feng, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Tech, Federal, Wall Street, Investors, Blackstone, JPMorgan, MLB, Bank of America, mojo, Nvidia, Astera Labs, NASDAQ Locations: It's, Chelsea, New York, London
We spoke with a handful of Europeans who are embracing American life about what brought and ties them to the United States. “I was always a career hunter, super career-focused,” says Herrmann, who eventually started his own tourism marketing business in the United States, Herrmann Global. “You have to have a certain level of cynicism and criticism because that’s what makes you smart.”She says she gets very upset when she sees Europeans “pooh-poohing” the United States. That said, she does find the “constant quest to be better, more efficient and more relevant” in the United States exhausting at times. She says living in the United States has afforded her the privilege to get to know and befriend people of many different ethnicities.
Persons: adieu, who’ve, they’ll, expats, ’ Florian Herrmann, , , Herrmann, ’ ”, , I’m, Gabriele Sappok, she’s, Sappok, Andreas, Gabriele Sappok “, it’s, ” Sappok, “ didn’t, Laurence Noguier, Jason W, Noguier, ” Noguier, Lawless, Clodagh Lawless, didn’t, she’ll, Lorna MacDonald, Lorna MacDonald Lorna MacDonald, MacDonald, she’d, Augustine, It's, Terry Ward Organizations: CNN, CNN Travel, Herrmann Global, Dubai Locations: United States, France, decamped, Italy, Portugal, Europe, Munich, Germany, California, Wyoming, America, German, Lander , Wyoming, , New York City, Stuttgart, Washington , DC, Chicago, ” France, Dearborn, Galway, Ireland, American, Florida, Penzance, England, Australia, Singer Island , Florida, Augustine , Florida, St, ” Florida, Tampa
CNN —In travel news this week: passenger–pleasing airports, cool streets around the world, France’s frog-leg crisis and Ireland’s best food and drink. World’s best airportsThe busy beavers at Airports Council International have gathered nearly 600,000 surveys from travelers at more than 400 airports around the world and have revealed the passengers’ favorites. What’s Japan’s most international city? DenisTangneyJr/iStockphoto/Getty Images Topeka, Kansas: Choose Topeka doesn’t just focus on remote workers. Ron Buskirk/Alamy Stock Photo Rochester, New York: The Greater ROC Remote program offers $10,000 in grants and incentives (plus another $9,000 for home-buying grants).
Persons: South Carolina • Gerald R, Mohammed, Patrick’s, you’ll, , Saint Patrick, , they’ve, John Hope Franklin, Tyler Layne, Ali Majdfar, Roberto Galan, Ron Buskirk, Denis Tangney Jr, Walter Bibikow, Ann Arbor, Paul Brady, Titanic, “ It’s Organizations: CNN, Council International, Spartanburg International, Ford International, Mohammed V International, Turkey • Guayaquil International, Salalah, Oman • Sultan Hasanuddin International, Green, of, US Centers for Disease Control, John Hope Franklin Reconciliation, Getty Images, Topeka doesn’t, Getty, Shoals, ROC Remote, Images, Miami Beach Locations: Greenville, South Carolina, Michigan, Rome, Italy, Morocco • Izmir Adnan Menderes, Turkey, Ecuador, Oman • Sultan, Indonesia • Yogyakarta, Indonesia, Asia, Tokyo, Spain, Valencia, of Europe, Happy, Ireland, South Korea, Tulsa , Oklahoma, Tulsa, Tulsa West Virginia, New, West Virginia, Getty Images Indiana, Evansville, Getty Images Topeka , Kansas, Topeka, Kentucky, Mayfield, Graves, Alabama, Tuscumbia, Rochester , New York, Images Alaska, Alaska, Sitka, Getty Images Michigan, Ann
NEW LOOK 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 . DispatchThe mania over Trader Joe's mini tote bags and Stanley cups is indicative of just how fast today's consumer fads can come and go. Instead, it's (checks notes) a $2.99 Trader Joe's miniature tote that has shoppers in a frenzy. Trader Joe's played into a scarcity model too, forcing consumers to scramble to find them.
Persons: , they've, Stanley, Chanel, Gucci, We've, Emily Stewart, They're, Joe's, TJ's, they'll, Gwyneth Paltrow, She's, Taylor, Rebecca Zisser, Gwyneth Paltrow preps, Fiona Chandra, Jenny Chang, Rodriguez, Duff Goldman, Esther Horvath, Getty, Claudia Totir, Elena Veselova, Tyler Le, Duff, Goldman, Jennifer Aniston, Lindsay Lohan, Taylor Swift, Chandra Wilson, Max, it's, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Business, Service, Dior, tote, Stanley, wilatlak, Chandra Wilson ABC, Disney, Netflix, Nickelodeon Locations: Africa, South Africa, Tanzania, California, wilatlak villette, Getty, Toom, Kirkland, New York
Peopleimages | Istock | Getty ImagesEarly estimates for the 2025 Social Security COLANew government data points to a 2.4% Social Security cost-of-living adjustment for 2025, The Senior Citizens League estimates, based on new government inflation data released this week. The Social Security Administration typically announces the cost-of-living adjustment for the following year in October. In the meantime, experts say there are steps retirees can take to help compensate for the prospect of lower benefit increases. Annuities, which provide fixed income in retirement in exchange for a lump-sum investment, can be one way to supplement a retiree's income, LaVigne said. Consult with a financial advisorBefore purchasing an annuity or other retirement income strategy, it helps to consult with a professional.
Persons: " Johnson, Johnson, Lisa Featherngill, Featherngill, Kelly LaVigne, You've, LaVigne Organizations: Istock, Getty, Security COLA, Social Security, Senior Citizens League, Urban, Clerical Workers, CPI, Comerica Wealth Management, Social, Allianz Life Locations: Winston, Salem , North Carolina
The AI-generated deepfake video that cloned his face and voice racked up 4.7 million views on X alone. In Pakistan, a deepfake of former prime minister Imran Khan emerged around the national elections, announcing his party was boycotting them. Deepfakes of politicians are becoming increasingly common, especially with 2024 set up to be the biggest global election year in history. With tech companies adopting different measures across their platforms, a multi-prong approach is needed, she said. watch now"We should not just be relying on the good intentions of these companies," Chesterman added.
Persons: Suharto, Imran Khan, Joe Biden's, deepfakes, Simon Chesterman, Crowdstrike, — that's, Carol, Chesterman, Taylor Swift, Adam Meyers, X, OpenAI, , I’m, we’re, Sam Altman Organizations: Istock, , New Hampshire voters, Singapore, Institute of Policy Studies, Microsoft, Meta, Google, IBM, Tech, Adobe, Intel Locations: deepfakes, Pakistan, U.S, , New Hampshire, Asia, China, Russia, Iran, Singapore, CrowdStrike, they're
Gorodenkoff | Istock | Getty ImagesHigh-paying hybrid work is here to stay — or is it? Six-figure hybrid job availability crashed nearly 70% while posts for in-person jobs nearly doubled, according to the Q4 2023 High Paying Jobs report from jobs platform Ladders. Higher income also made workers more likely to start looking for a new position that offers hybrid flexibility, the report states. This disconnect between what employers are offering and what highly paid workers want is causing tension in the return-to-office dance. 'The tragedy of the commons'In the case for hybrid, how are six-figure workers with executive or managerial roles different from individual employees?
Persons: Frank Weishaupt, , they're, Rick Smith, Johns, Smith Organizations: Istock, Getty, Owl Labs, Employers, Boeing, UPS, Johns Hopkins Carey Business School
Once my fiancé and I got engaged, we met with a divorce attorney for legal advice about marriage. But the more I brought it up (at least twice a day for a week), the more he agreed that meeting with a divorce lawyer was a good idea. "Most of the time, one partner will go hire a lawyer, have the lawyer draft a standard prenup, that prenup is handed to the other partner who is told to get a lawyer and review it." It sounds dramatic, but meeting with a divorce lawyer before our wedding was actually eye-openingMeeting with the lawyer was actually very beneficial. Jen Glantz for InsiderMeeting with a divorce lawyer before getting married helped us understand how our relationship, money, and lives would change after we signed on the dotted line of our marriage license.
Persons: they're, , I'd, we'd, Jennifer Hargrave, iStock, it's, Hargrave, Shutterstock Hargrave, prenup, she's, Jen Glantz, Read Organizations: Service, American Psychological Association, Hargrave Family Law Locations: New Africa
"There is a misconception about how easy it is to run mature, enterprise-ready, generative AI," said Stela Solar, Inaugural Director at Australia's National Artificial Intelligence Centre in the survey report. Meanwhile, 56% of the respondents said their IT investment budgets, in general, were a limiting factor in rolling out generative AI. Other barriers to generative AI adoption according to the survey respondents included the lack of relevant generative AI skills. Disruptors versus the disruptedStill, the survey reflected overall positive sentiments about the future role of generative AI in business. While six of 10 respondents expect generative AI to substantially disrupt their industry in the next five years, 78% see it as a competitive opportunity.
Persons: skilling, Chris Levanes, Laurence Liew, Geraldine Kor Organizations: Istock, MIT Technology, Telstra, Artificial Intelligence, South, MIT, Singapore, Telstra International Locations: Australia, South Asia, Singapore
Gorodenkoff | Istock | Getty ImagesMany women today are looking for "financial peace," said Jean Chatzky, founder and CEO of HerMoney. What that means: "It looks like being able to meet my obligations today, while being able to save for tomorrow," said Chatzky, speaking at CNBC's Women & Wealth event on Tuesday. Debt and savings: 'Work it from both ends'Establishing financial security requires tackling debt and saving at the same time, Chatzky said. "When we look at the things that make us most unhappy when it comes to our money, debt rises to the top of the list." However, women need to juggle paying down their debt with preparing for their future, Chatzky said.
Persons: Jean Chatzky, Chatzky, Winnie Sun, Sun, you've Organizations: Istock, Getty, CNBC's, Sun, Wealth Partners, CNBC Locations: Irvine , California
I'm a professional wedding planner, and I've seen plenty of bad guest behavior at events. AdvertisementIn my years as a professional wedding planner, I've learned a thing or two about the people who attend my events. Here are the most common mistakes I see wedding guests make, and how to avoid them. AdvertisementWhen you refuse to RSVP, you force the couple to track down the information when they're already way too busy trying to plan their wedding. Alex Gukalov/ShutterstockIt never fails to amaze me what a wedding guest will leave out for anyone to grab — purses, cell phones, credit cards.
Persons: I'm, , I've, you've, Alex Gukalov, someone's, Tuck, Jayme Burrows, Shutterstock, that's, it's Organizations: Service, Facebook
NEW LOOK 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 . But when Nupur Dave walked away from corporate life at 40, becoming part of the FIRE (financial independence, retire early) movement, she soon came to regret it . Many of the early retirees who've spoken with BI in the past have shared the challenges that come with quitting work altogether. And there are many more striving to make early retirement a reality .
Persons: , Nupur Dave, Dave, FIREgret, Dave's, who've, Rebecca Zisser, it's, Jenny Chang, Rodriguez, Alyssa Powell, Steve Pemberton, there's, Pemberton, Robert L, Johnson, America's, Matt Turner, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Business, Service, Microsoft, Google, Wall, Getty, Walgreens, Toyota, BET Locations: New York
In this article VKTX Follow your favorite stocks CREATE FREE ACCOUNTCr | Istock | Getty ImagesBiotech company Viking Therapeutics has emerged as a strong potential entrant — or takeover target — in the budding weight loss drug market. Their treatments sparked the weight loss drug industry gold rush over the past year despite their hefty price tags and barriers to insurance coverage. It's too early to say whether Viking's drug could have an edge over existing or developing weight loss treatments. The pharmaceutical giant could also launch a slate of other weight loss treatments over the next few years that may have advantages over Zepbound, whether they offer more weight loss or convenience. That could give Viking the commercial and manufacturing capabilities needed to compete in the weight loss drug market.
Persons: Eli Lilly, Eli Lilly's Zepbound, Viking, Goldman Sachs, Eli Lilly’s, Brendan Mcdermid, GLP, Brian Lian, William Blair, Andy Hsieh, Hsieh, Eli Lilly's, Jefferies, Akash Tewari, doesn't, Mike Segar, Lian, William Blair's Hsieh, Oppenheimer, Jay Olson Organizations: Getty Images Biotech, Viking Therapeutics, Novo Nordisk, Reuters, Viking, Novo, U.S . Food, Drug Administration, Company, Deutsche Bank, CNBC Locations: New York City, Branchburg , New Jersey
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. What's on deck:This story is available exclusively to Business Insider subscribers. The big storyAI (literally) in your pocketTech workers are criticizing Humane's hotly anticipated Ai pin. AdvertisementIn fact, heavy hitters like legendary investor Vinod Khosla believe that AI devices will completely change how we interact with technology. Humane's Ai Pin, which can project text onto users' hands and translate voice messages, didn't get a warm welcome when it launched late last year .
Persons: , Oompa, I've, Willy Wonka, Elon Musk, Sam Altman, Humane's, Vinod Khosla, Samantha Stokes, Vishal Persaud, Khosla, Ai, didn't, Tim Cook, Salesforce's Marc Benioff, OpenAI's Sam Altman, Franck Robichon, Paul Krugman, shouldn't, we're, Wells, Bank of America's Merrill, Bitcoin, Tyler Le, maven, Alexei Navalny's, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Humane, Khosla Ventures, Rabbit, Bank of America's, Wall, The New York Times, WW, SEC Locations: Franck, Wells Fargo, New York, London
You're overcrowding the basket of your air fryer. Food won't cook evenly if it's too crowded. iStock / Getty Images PlusThough it's tempting to place all of your ingredients in the air fryer at once in hopes of quickly reheating or cooking your food, you really want to avoid overfilling the air-fryer basket, said Byron Puck, chef at Wolfgang Puck Fine Dining Group. "Since it functions as a convection oven by rotating hot air around the basket, you want to give room for each ingredient to have this air hit it on all sides," Puck told Business Insider. He said putting too much food in the basket could have a negative impact on the quality of your finished dish because some of the items in the basket could end up becoming soggy instead of crispy.
Persons: fryer, Food, Byron Puck, Wolfgang Puck, Puck, soggy
As of Feb. 29 with 313 companies having reported, 50.2% posted a beat, according to a CNBC analysis of FactSet data. This was the smallest percentage of beats — thus the worst earnings season — since the first quarter of 2020 when the pandemic first hit European firms. Share buyback bonanzaSharon Bell, a senior European strategist at Goldman Sachs, told CNBC that she had noticed a new trend for European corporates during this earnings season. "What you have seen is a lot of companies announcing buybacks," she told CNBC's "Squawk Box Europe" Tuesday. "It is absolutely huge, you've never really seen this before in 20, 30 years, European companies pay dividends, they don't do buybacks," she said.
Persons: , Edward Stanford, Philippe Ferreira, Kepler Cheuvreux, Sharon Bell, Goldman Sachs, CNBC's, you've, Bell, Ferreira Organizations: CNBC, HSBC, L'Oreal, European Central Bank, Shell, Deutsche Bank, Novo Nordisk, UBS Locations: Triomphe, France, Europe, China, Ukraine, European
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how Google has gone from the tech industry's vanguard of cool to just another boring company . AdvertisementGoogle has long stayed atop Silicon Valley's volatile popularity contest — but the best place to work in tech is starting to feel like any other business , Business Insider's Hugh Langley and Lara O'Reilly write. Bureaucracy, an aversion to risk, and deference to Wall Street over employees — things Google long eschewed — have become the norm. The latest example is the debacle surrounding Gemini — its flashy new AI model that faced backlash for being too "woke."
Persons: , Rebecca Zisser, Hugh Langley, Lara O'Reilly, Alistair Barr, Sundar Pichai, Hugh, Lara, Mateusz Wlodarczyk, BI's Peter Kafka, it's, David Rosenberg, Gary Shilling, Snowflake's Frank Slootman, Ozgur Hakan Aslan Toyota, Boxabl, Elon Musk, Tesla, Hewlett Packard, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Google, Business, Gemini, Meta, Big Tech, OpenAI, Corporations, Nvidia, SEC, Universal Music Group, Universal, BI Locations: , New York, London
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