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☆ Kathy Hochul Made the Wrong Decision on Congestion Pricing - The New York Times
▼ + stars: | 2024-06-06 | by ( Tom Wright | Kate Slevin | ) www.nytimes.com time to read: +1 min

Kathy Hochul’s decision to “indefinitely pause” congestion pricing in Manhattan is likely to reverberate for decades, much like the former New Jersey governor Chris Christie’s decision in 2010 to block construction of a badly needed new rail tunnel under the Hudson River. Both were short-term choices that pushed aside critical long-term investments in the most mass-transit-dependent metropolitan area of the nation. The decision by Mr. Christie, which he said was based on the project’s cost, compromised the region’s competitiveness, economy and environment. Ms. Hochul’s action raises questions about whether congestion pricing, which was set to begin at the end of the month, will ever happen. It will mean continued congestion on some of the world’s most traffic-stymied streets and no relief from the air pollution from auto and truck exhaust.

Persons: Kathy Hochul’s, Chris Christie’s, Christie, Hochul’s, Christie’s Organizations: New, New Jersey Transit, Amtrak, Metropolitan Transportation Authority Locations: Manhattan, New Jersey, Hudson, Jersey

☆ TSMC-backed Vanguard and Dutch firm NXP to build $7.8 billion Singapore wafer plant
▼ + stars: | 2024-06-06 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Taiwan Semiconductor Manufacturing Co. -backed Vanguard International Semiconductor Corporation and Dutch chip designer and manufacturer NXP Semiconductors will build a $7.8 billion wafer manufacturing plant in Singapore. Vanguard will have 60% stake in the joint venture — VisionPower Semiconductor Manufacturing Company — while NXP will hold 40%, according to a joint statement released Wednesday. The VSMC plant will produce wafers for the automotive, industrial, consumer and mobile device markets, the companies said. NXP will invest $1.6 billion in the Singapore plant while Vanguard plans to invest $2.4 billion, the statement said. The firms will also provide an additional $1.9 billion to support the long-term capacity of the plant, with the remaining funding provided by third parties.

Persons: NXP, TSMC Organizations: Taiwan Semiconductor Manufacturing Co, International Semiconductor Corporation, NXP, Vanguard, VisionPower Semiconductor Manufacturing Company Locations: Singapore

☆ Parents of teens competing at the 'Olympics of science fairs' share 5 parenting rules they live by
▼ + stars: | 2024-06-06 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

They had all won regional, state, or national science fairs and finally made it to the Regeneron International Science and Engineering Fair (ISEF) to compete for $9 million in prizes. It's nothing to do with science," Motwani said. Morgan McFall-JohnsenThe moms said their children were motivated to muscle through when their science fair projects got tough, simply because they liked doing it. Advertisement"Our lives actually revolve around science fair because this is something that my kids enjoy doing," Estrada said. Otherwise, he would work on science fair projects until 2 a.m., she said.

Persons: —, Morgan McFall, Johnsen, That's, Smriti Motwani, Divij, Ayush Garg, Divij Motwani, Johnsen Maria Estrada, Pauline, John, Estrada didn't, Estrada, he's, Motwani, Alexa Groff, Taylor, Groff, Maddux Alexander Springer, Pauline Victoria Estrada, Maria Estrada Estrada, It's, she's, Dexter Organizations: Service, Los Angeles Convention Center, Regeneron, Science, Engineering, Business, Fresno State, BI, ISEF, Oahu Locations: Los Angeles, Iowa, Fresno

☆ Billionaire Frank McCourt's TikTok bid wins key backer as he looks past app's prized algorithm
▼ + stars: | 2024-06-06 | by ( Emily Wilkins | ) www.cnbc.com time to read: +1 min

Frank McCourt, civic entrepreneur, executive chairman of McCourt Global and founder of Project Liberty, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024. "I don't want to be the CEO of a social media platform. His pitch has drawn a key group: Parents whose children died after being influenced by social media or bullied on various platforms. He founded the non-profit Project Liberty to build a healthier version of social media. Project Liberty is working with Guggenheim Securities and law firm Kirkland & Ellis to buy the viral video platform.

Persons: Frank McCourt, McCourt, Frank's, Sam Chapman, Sammy, Chapman, Kirkland, Ellis Organizations: McCourt Global, Project Liberty, Everything, Liberty, Guggenheim Securities Locations: New York City, U.S

☆ The GOP fires up its vengeance 2024 tour
▼ + stars: | 2024-06-06 | by ( Tom Foreman | ) edition.cnn.com time to read: +5 min

CNN —In the wake of former President Donald Trump’s felony conviction, the “R” in the Republican brand might just as well stand for revenge. Trump nodded to the idea when asked about his conviction, which he has persistently, and with no evidence, blamed on President Joe Biden’s administration. Much of it is aimed at Biden, but there is plenty of anger to go around. Is every House committee controlled by Republicans using its subpoena power in every way it needs to, right now? “It’s bigger than just President Trump.

Persons: Donald Trump’s, Trump, Joe Biden’s, “, ” Trump, ”, Ronny Jackson, Newsmax, Biden, ” Jackson, Joe Biden … I’m, Biden’s, Hunter, ’, Joe Biden, Steve Bannon, Attorney Alvin Bragg, ” Bannon, Bannon, Bragg, Stephen Miller, ” Miller, Mike Johnson, Johnson, –, Liz Cheney Organizations: CNN, Republican, Trump, GOP, House, ” Texas Republican, Attorney, New York Times, Fox News, Republican AG, Republicans, Republican DA, US Department of Justice, Heritage Foundation, Department of Justice, DOJ Locations: ”, USA, York, Manhattan, reining, Jail

☆ Eric Schmidt is poaching from Apple, SpaceX, and Google for his secretive AI military drone project
▼ + stars: | 2024-06-06 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Eric Schmidt's AI drone company is poaching from Apple, SpaceX, and Google, according to Forbes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEric Schmidt's AI-powered military drone venture is quietly arming up. Forbes reports the ex-Google CEO's secretive company has poached roughly a dozen employees from Apple, SpaceX, Google, and more over the past several months. It's also sourced key candidates from the federal government and Schmidt's own nonprofit organization, Schmidt Futures, according to Forbes.

Persons: Eric Schmidt's, — Organizations: Apple, SpaceX, Google, Forbes, Eagle, Service, Schmidt, Business Locations: Valley, Ukraine

☆ Three stocks to play the booming energy needs of AI data centers, according to BTIG
▼ + stars: | 2024-06-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

"Speed to market for some data centers matters," the analysts told clients in a Thursday research note. This should provide opportunities for companies that can provide on-site solutions that allow data centers to skip the interconnection line, they said. BTIG recommends Bloom Energy , Core Scientific and FTAI Infrastructure as ways to play the power shortage theme. Bloom can provide energy through on-site fuel cells that run on natural gas or hydrogen. Core Scientific is a Bitcoin miner that is diversifying into data centers.

Persons: Gregory Lewis, BTIG, FTAI Organizations: Bloom Energy, Core, FTAI, Intel Locations: California

☆ Opinion: Graceland still embodies Elvis Presley and the American Dream
▼ + stars: | 2024-06-06 | by ( Opinion Michael T. Bertrand | ) edition.cnn.com time to read: +8 min

CNN —The recent and bizarre attempt to wrest control of Graceland, the Memphis, Tennessee, home of the late Elvis Presley, set off a number of red flags. But Elvis represents something different from Gilded Age robber barons such as Rockefeller and Carnegie, whose American Dream was fundamentally about the accumulation of wealth. “Seems we was always in debt,” recalled Gladys Presley, Elvis’s mother. Fans walk by the entrance to Graceland, the home of Elvis Presley, on August 14, 2007, in Memphis, Tennessee. Immediately after moving into Graceland, Elvis, the ultimate consumer, began renovations.

Persons: Michael T, Bertrand, ”, Elvis Presley, Presley, Elvis, Priscilla, Lisa Marie, Riley Keough, —, John D, Rockefeller, Andrew Carnegie, Ida Harris, Gladys Presley, Elvis’s, “, ” Stephen Galvin, Joe Raedle, Gladys, throwed, Stan Honda, Horatio Alger, Graceland, Andrew Carnegie’s Organizations: Tennessee State University, CNN, Rockefeller, Carnegie, Getty, White Locations: Memphis , Tennessee, East Tupelo , Mississippi, Memphis, United States, Bluff City, Bryan , Texas, Graceland, AFP, drawl, Hollywood, Las Vegas, New York, Manhattan, America

☆ Francis Ford Coppola: ‘You Can’t Be an Artist and Be Safe’
▼ + stars: | 2024-06-06 | by ( Manohla Dargis | ) www.nytimes.com time to read: +2 min

The first time that Francis Ford Coppola had a movie in competition at the Cannes Film Festival was in 1967. Coppola made it while he was in film school at the University of California, Los Angeles, and it became his master’s thesis project. A month after the festival, he began directing his first big-budget studio film, “Finian’s Rainbow.” It flopped. He then poured some of his savings into a low-budget studio movie, “The Rain People.” It flopped. Even at Cannes, where the word “art” is used without embarrassment, money keeps an iron grip on both minds and movies.

Persons: Francis Ford Coppola, Coppola, ” Coppola, It’s, Twixt ”, Adam Driver Organizations: Cannes Film, University of California, Cannes Locations: Los Angeles

☆ Why Israel-Hezbollah tensions risk boiling over now
▼ + stars: | 2024-06-06 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +9 min

In Lebanon, Hezbollah is officially considered a “resistance” group tasked with confronting Israel, which Beirut classifies as an enemy state. Since then, the two sides have traded fire sporadically, but tensions boiled over in 2006 when Israel went to war in southern Lebanon after Hezbollah kidnapped two Israeli soldiers. More than 1,000 Lebanese were killed in that conflict, mostly civilians, as well as 49 Israeli civilians and 121 soldiers. The military capability of the Lebanese group has grown since 2006, when it relied largely on inaccurate Soviet-era Katyusha rockets. Hezbollah has fired 35 kilometers into Israel, while Israel has targeted areas of Lebanon more than 120 kilometers north.

Persons: CNN —, Israel, Rina Castelnuovo, Hassan Nasrallah, Heiko Wimmen, ”, Ramot Naftali, Peter Lerner, ” Amal Saad, ” Saad, Benjamin Netanyahu’s, Ronni, Netanyahu, Bezalel Smotrich, Benjamin Netanyahu, Amir Cohen, ” Naim Qassem, Hezbollah’s, Al, ” Qassem, Jack Guez, Itamar Ben Gvir, Yair Lapid, ” Lapid, Matthew Miller, Biden, “, ” Shaked, Iran – Organizations: CNN, Hezbollah, Lebanese, Crisis, Wednesday, Israel Defense Forces, Cardiff University, Truman Institute, Hebrew University of Jerusalem, Yad Vashem, Holocaust, Reuters, Crisis Group, Getty, Lebanese Ministry of Public Health, National, State Department Locations: CNN — Israel, Lebanese Iran, Israel, Lebanon, Beirut, Palestinian, Gaza, Iraq, Syria, Brussels, Israeli, Cross, Jerusalem, Kiryat Shmona, Lebanese, Al Jazeera, AFP, United States, Iran

☆ Move over 'Magnificent 7,' the 'Fantastic 5' may offer higher earnings and return potential
▼ + stars: | 2024-06-06 | by ( Pia Singh | ) www.cnbc.com time to read: +6 min

Looking for a less risky way to find growth stocks amid all the artificial intelligence hype? Looking ahead, Thornburg expects the Fantastic Five's outperformance to continue, with the forward price-to-earnings ratio of the European group falling below the seven U.S. stocks starting in 2026 and running through 2028. The money manager also projected that the European group will increase earnings 18% a year over the next three years versus 14% for the "Mag 7." ASML, the biggest producer of the equipment used to manufacture semiconductors, makes "leading-edge" lithography equipment needed to produce AI chips, Anderson said. He manages the Thornburg International Growth Fund , a concentrated portfolio of high-quality companies based outside the U.S., which has gained 8.8% year-to-date.

Persons: Nicholas Anderson, Anderson, Thornburg, It's, it's, FactSet, ASML Organizations: Thornburg Investment Management, Novo Nordisk, ASML, LVMH, AstraZeneca, SAP, Nvidia, Big Tech, Microsoft, Apple, GLP, Nordisk, Taiwan Semiconductor, Bloomberg, Growth Fund Locations: U.S, Novo, Europe, Belgium

☆ Craft cocktails, mountain bikes and art: Walmart's hometown is booming, and getting more expensive
▼ + stars: | 2024-06-06 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +13 min

— When Gil Curren's family moved into a run-down farmhouse in Walmart's hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn't yet a decade old. Craft cocktails, hipster coffee shops and chef-driven restaurants have popped up around the city. Realtor Kristen Boozman, who works for Sotheby's, helps clients search for homes in the Bentonville area, including many buyers who are relocating from another city. Home values have shot up in the Bentonville area. A Walmart spokeswoman said the Walton Family Foundation funds and advocates for affordable housing projects in the Bentonville area.

Persons: Gil Curren's, it's, Sue, Gil Curren, Melissa Repko, Hunt, Tyson, Shawn Baldwin, Sam Walton, Walton, Walton's, Steuart, Tom Walton, Sam Walton's, Alice Walton, Bridges, She's, Crystal Bridges, Kristen Boozman, There's, Donna Morris, Morris, Tracy Robinson, she's, CNBC Tracy Robinson, Robinson, Stanley, Matthew Cooper, Tom, Cooper, he's, district's, It's, Jeff Webster, Bentonville Shawn Baldwin Organizations: Cyclists, Kansas City, CNBC, Walmart, Craft, Fortune, Tyson Foods, PepsiCo, Hershey, Mattel, . Census, Cushman &, Sage Partners, of Commerce, Northwest Arkansas Council, D.C, Ropeswing Hospitality, Bentonville Schools, Excellerate Foundation, Walton Family Foundation, Walton Family, Bentonville Locations: BENTONVILLE, Ark, Walmart's, Bentonville , Arkansas, Bentonville, Kansas, Austin , Texas, New York, U.S, Silicon, It's, Arkansas, Cushman & Wakefield, American, Crystal, Austin, Boise , Idaho, Dallas, Fort Worth, Atlanta, Toronto, New York City, Miami, Washington, New York City , Washington, Bentonville's

☆ Ukraine's exploding naval drones are hunting down Russian vessels like tugboats after the big Black Sea Fleet warships fell back
▼ + stars: | 2024-06-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewUkraine is using its arsenal of exploding naval drones to hunt down smaller Russian vessels instead of the larger Black Sea Fleet warships, which Moscow pulled back to reduce their vulnerability to attacks. Kyiv has relied on a fleet of homemade Magura V5 and Sea Baby drones packed with explosives to carry out devastating missions against ships of the Russian Black Sea Fleet throughout the war. Russia has relied on these types of defenses — along with moored barges — to try to protect its ports from Ukraine's naval drones. Last month, for instance, Kyiv used its naval drones to conduct multiple operations against Russian patrol boats near Crimea. Lacking a proper navy of its own, Kyiv has relied on naval drones and long-range anti-ship missiles to wage an asymmetrical style of warfare against the Black Sea Fleet.

Persons: —, HUR, @DI_Ukraine Organizations: Service, Moscow, Ukrainian, Directorate of Intelligence, Business, —, Russian, Ukraine, Black Locations: Ukraine, Russian, Crimean, Ukrainian, Kyiv, Crimea, pic.twitter.com, Russia, Black, Moscow

☆ F1's new regulations suggest car makers are not done with the internal combustion engine yet
▼ + stars: | 2024-06-06 | by ( Chris Hawes | ) www.cnbc.com time to read: +3 min

If you want to see into the future of car making, the Formula One rulebook has often been a good place to start. But the sport's new regulations suggest that car makers are not pinning all their hopes on electrification. In 2026, F1 cars will be powered by hybrid engines with a 50:50 split between electric-power and internal combustion; crucially, the combustion engine will be powered by synthetic e-fuels. Another is Audi, which left Formula E in 2021 to join F1 in 2026, the same year that the German automotive company will stop producing new combustion engine cars and only release electric vehicles. One of the products Audi is ramping up is synthetic e-fuels, which use renewably-generated electricity to break water into hydrogen and oxygen before combining them with carbon dioxide.

Persons: Lewis Hamilton, Mercedes, Pat Symonds, Madeleine Orr, Alex Keynes Organizations: Petronas, Team, Prix, Monaco, CNBC, Honda, Audi, E, University of Toronto Locations: Montecarlo, Monaco

☆ Humane, the startup behind the AI Pin, in talks with HP, telecoms to sell
▼ + stars: | 2024-06-06 | by ( Hayden Field | ) www.cnbc.com time to read: +1 min

Humane, the AI hardware startup founded by ex-Apple designers, is seeking a buyer after its AI Pin's lukewarm debut, according to a source familiar with the matter. The company is currently in talks with HP and other firms, including more than one telecom company, the source told CNBC. Humane has hired investment bank Tidal Partners to advise on a potential deal, the source said. The AI Pin costs $699 and requires a $24 monthly data subscription to T-Mobile . But when Humane sent the AI Pin to gadget reviewers in April, it was met with a tepid reception, with many calling it untrustworthy and not very useful.

Persons: Sam Altman, Marc Benioff Organizations: Apple, HP, CNBC, Humane, Partners, The New York Times, Microsoft, Tiger Global

☆ We went behind the scenes of a viral TikTok series in New York City that's part of a new wave of MTV-style social shows
▼ + stars: | 2024-06-05 | by ( Dan Whateley | Sydney Bradley | ) www.businessinsider.com time to read: +7 min

"New media is having a moment here in New York City," Valentino told BI. Related stories"We have a development team pumping out pilots, new concepts, working new concepts," Fallen Media CEO Sol Betesh told BI. Fallen Media's production team optimizes audio and video on a noisy New York City block. Sydney Bradley/Business InsiderNew York City is a main characterFallen Media is a true New York City operation. Villalpando was recently on an episode of Fallen Media's "Bite Me," and Novi was on a recent segment of "Subway Oracle."

Persons: —, Michael Valentino, Tiffany Baira, Baira, Valentino, Sol Betesh, Sydney, Davis, Jason Derulo, Michael Bublé, Brian Baumgartner, Taco Bell, they're, Betesh, We'll, Maia Novi, Fabrizio Villalpando, Villalpando, Davis Burleson Organizations: Service, Business, YouTube, Media, MTV, Sydney Bradley, New, Washington, Fallen Media Locations: New York, New York City, influencer, TikTok, Instagram, Novi

☆ Amanda Knox returns to Italian court for slander trial linked to Meredith Kercher’s murder
▼ + stars: | 2024-06-05 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +4 min

Knox, Sollecito and Ivory Coast native Rudy Guede, whose DNA was present in the murder room, were all convicted of the murder in 2009. Guglielmo Mangiapane/Reuters/FileKnox and Sollecito’s murder convictions were overturned by a Perugia appellate court in 2011 after an independent review of key forensic evidence, only to have that acquittal overturned by Italy’s supreme court in 2013. The 36-year-old Seattle native, now a mother of two, along with Sollecito, were definitively cleared in 2015 of Kercher’s murder after Italy’s supreme court voided the 2013 re-conviction. After being cleared of murder, Knox remained convicted of slander against Lumumba, a ruling upheld by Italy’s supreme court in 2015. The decision will then have to go to Italy’s supreme court once more.

Persons: Rome, Amanda Knox, Knox, Patrick Lumumba, Meredith Kercher, Lumumba, Raffaele Sollecito, Rudy Guede, Guede, Sollecito, Guglielmo Mangiapane, Italy’s, ” Knox, Monica Lewinsky Organizations: Rome CNN, Democratic, Ivory Coast, of Human, CNN, White House, Hulu Locations: Italy, Italian, Perugia, Kercher’s, Democratic Republic of Congo, Sollecito, Ivory, Seattle, Florence

☆ The withdrawal risk of quitting antidepressants
▼ + stars: | 2024-06-05 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

Roughly 15% of participants who discontinued antidepressants experienced withdrawal symptoms such as dizziness, headaches, nausea, insomnia and irritability, according to the review published Wednesday in the journal The Lancet Psychiatry. The review is the first publication of a larger project on antidepressant withdrawal symptoms, the authors said. The authors also discovered the medications most often linked with withdrawal symptoms were desvenlafaxine, venlafaxine, imipramine and escitalopram. The rate of withdrawal symptoms in pharma-funded studies was about the same as trials not funded by pharmaceutical companies. The study didn’t provide information on the duration of withdrawal symptoms, but other research suggests they can last for up to two weeks in most cases, Keedwell said.

Persons: ”, Jonathan Henssler, ” Henssler, Sameer Jauhar, Jauhar wasn’t, ” Jauhar, Christiaan Vinkers, weren’t, Tony Kendrick, “, ” Kendrick, Henssler, Jauhar, Oliver Howes, Howes wasn’t, Paul Keedwell, wasn’t, Keedwell, ” Keedwell Organizations: Lifeline, CNN, neurosciences, Charité — University Medicine, King’s College London, Pharmaceutical, pharma, Amsterdam University Medical Center, University of Southampton, Cleveland Clinic, Royal College of Psychiatrists Locations: United Kingdom, Berlin, England

☆ Aliko Dangote’s mission to build Africa’s largest oil refinery
▼ + stars: | 2024-06-05 | by ( Jackelyn Prager | Jackie Prager | ) edition.cnn.com time to read: +6 min

CNN —Over the past eight years, Aliko Dangote, Africa’s richest man, has built one of the world’s largest oil refineries. Nigeria is one of Africa’s largest oil producers, yet the country has lacked the capability to refine its oil forcing it to rely on imported fuel. Aliko Dangote walks CNN's Eleni Giokos through his oil refinery in Lekki, Nigeria. Did it make economic sense at the time to build a cement plant and compete effectively with imported cement prices? Video Ad Feedback A rare look inside Africa’s largest oil refinery 23:00 - Source: CNNCNN: So how are imports affecting industrialization and local growth of value chains?

Persons: Aliko, I’ve, ”, CNN’s Eleni Giokos, they’ve, Dangote, CNN's Eleni Giokos, we’re, you’ve Organizations: CNN, Dangote Industries Ltd, National Petroleum Corporation, CNN CNN, Obajana, Dangote Cement, Continental Free Trade Area Locations: Lagos, Nigeria, Lekki, India, Dangote, Saharan Africa, Kogi State, Egypt, American, Africa

☆ Brothers-in-law Jake Gyllenhaal and Peter Sarsgaard always put family first, at home and on set
▼ + stars: | 2024-06-05 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —Jake Gyllenhaal and Peter Sarsgaard might be part of the same sprawling showbiz family, but their on-set etiquette is quite different from the dynamic they share as family around the dinner table. But when the cameras are off, according to Gyllenhaal, they both agree that family always comes first. (From left) Jake Gyllenhaal and Renate Reinsve in 'Presumed Innocent.' Apple TV+The Gyllenhaal siblings previously costarred in the beloved 2001 psychological thriller “Donnie Darko,” among other projects, and Sarsgaard starred in “The Lost Daughter” in 2021, which his wife directed. The group will continue to keep things all in the family when Gyllenhaal and Sarsgaard will reunite on Maggie Gyllenhaal’s next directorial endeavor “The Bride!” in 2025, according to Collider.

Persons: Jake Gyllenhaal, Peter Sarsgaard, Gyllenhaal, Sarsgaard, Maggie Gyllenhaal –, “ Peter, ” Gyllenhaal, ” Sarsgaard, it’s, ” “, Scott Turow, Harrison Ford, Rusty Sabich, –, “, ”, Renate Reinsve, Donnie Darko, Maggie Gyllenhaal’s, Innocent Organizations: CNN, Apple, Collider Locations: Chicago

☆ Walmart rolls out new training programs for skilled trades as it tries to fill high-demand roles
▼ + stars: | 2024-06-05 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Walmart on Wednesday said it will offer new training programs and certifications to fill high-demand roles across its business, such as HVAC technicians, opticians and software engineers. The retail giant aims to retain market share gains, particularly in the grocery department, during a period of high inflation. Walmart also kicked off a $9 billion project to upgrade and modernize more than 1,400 of its stores, representing more than a quarter of the total Walmart stores across the country. The company's total annual compensation for the median employee was $27,642 in the most recent fiscal year, according to the company's 2024 proxy report. Those skilled trade jobs pay between $19 and $45 per hour, said Lo Stomski, the company's chief talent officer.

Persons: Lo Stomski, Stomski, it's Organizations: Walmart, U.S . Department of Health, Human Services, Target, Amazon, Workers Locations: Dallas, Fort Worth, Bentonville , Arkansas

☆ Details you might have missed in 'Star Wars: The Acolyte'
▼ + stars: | 2024-06-05 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

"The Acolyte" is set 100 years before "Star Wars: Episode I - The Phantom Menace." The show has some subtle references to other stories in the "Star Wars" franchise. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWarning: Spoilers ahead for "Star Wars: The Acolyte." "The Acolyte" is a prequel series set in the High Republic era around 100 years before the events of "Episode I - The Phantom Menace," meaning it's the earliest live-action project in the "Star Wars" timeline to date.

Persons: — Organizations: Wars, Service, High Republic, Star, Business

☆ The typical CEO makes nearly 200 times more than their workers
▼ + stars: | 2024-06-05 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Typical compensation packages for chief executives who run companies in the S&P 500 rose nearly 13% last year, the AP reports . Median CEO pay hit $16.3 million in 2023, or nearly 200 times the typical worker's wages for the year, according to data analyzed for The Associated Press by Equilar . In 2022, CEOs made roughly 185 times their typical worker; with the jump in 2023 numbers, CEOs now make roughly 196 times their employees. CEO pay is generally decided on by shareholders, who in the last four years have overwhelmingly voted in support of executive compensation plans, according to Equilar data. CEO pay has increased by 1,209% since 1978, compared with an 15% bump for the typical worker over this time period, according to the left-leaning Economic Policy Institute.

Persons: haven't, Lawrence Mishel, Amit Batish, aren't, Batish, Sarah Anderson, Anderson Organizations: Associated Press, Equilar, Federal Trade Commission, CNBC, Institute for Policy Studies, AP Locations: Equilar

☆ Inside a 'foldable' apartment that allows a family of 3 to live comfortably in 400 square feet
▼ + stars: | 2024-06-05 | by ( Dan Latu | ) www.businessinsider.com time to read: +2 min

Unwilling to chance the New York City market — in which homes usually just get more expensive — the couple decided to stay put. Enter architect Robert Garneau, who first experimented with flexible spaces in his own New York City apartment 25 years ago. The whole apartment, located on Manhattan's family-friendly Upper East Side, clocks in at 400 square feet. According to The New York Times, which first profiled the apartment, the couple purchased it in 2006 for around $300,000. AdvertisementThe family has now lived comfortably in the renovated apartment for over two years — take a look inside.

Persons: —, Robert Garneau, who's, Murphy, Garneau Organizations: Service, New, Business, The New York Times Locations: Manhattan, New York City, New York City , California, Spain, France

☆ A San Francisco Gen Xer quit his job to escape 60-hour workweeks and spend his time being an 'older dad': 'I'll be 70 when my son graduates from high school'
▼ + stars: | 2024-06-05 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +6 min

Gerstbacher, a 50-year-old based in San Francisco, was "really unhappy" at work, he told Business Insider via email. First, he's an "older dad," and he wanted to maximize the time he could spend with his three-year-old son. "I felt that I should take the quality time now since I'll be 70 when my son graduates from high school," he said. However, the decline in working men is also due to some positive developments, like the growth of women in the workforce. AdvertisementEven though he's in the process of returning to the workforce, Gerstbacher said he's continued to prioritize spending time with his son.

Persons: —, Francisco Gen Xer, Randy Gerstbacher, Gerstbacher, He's, they've, hasn't, he'd, he's Organizations: Service, Business, CDC, Bureau of Labor Statistics Locations: San Francisco

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