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☆ I fell in love with someone 21 years after he dumped me by text
▼ + stars: | 2024-05-04 | by ( Nicola Prentis | ) www.businessinsider.com time to read: +5 min

He ended the relationship by text message and I never heard from him again. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe text message left me in a heap of tears in a backpacker hostel in Adelaide, Australia, in 2003. I was still reeling when, half an hour later, he'd taken his backpack and sent that devastating text message. AdvertisementWhen I left, I resisted the urge to send a text re-contextualizing his "Thanks for the good times" message.

Persons: —, I'm, We'd, he'd, we'd, You've, doesn't Organizations: Service, Facebook Locations: Adelaide, Australia, Sydney, Hyde Park, Western Australia, Cairns, Europe, Spain

☆ Red Lobster Isn't Nearing Bankruptcy Because of Endless Shrimp
▼ + stars: | 2024-05-01 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

While Red Lobster increased traffic somewhat, people coming in to chow down on all-you-can-eat shrimp was a money bleeder. But the story about what's gone wrong with Red Lobster is much more complicated than a bunch of stoners pigging out on shrimp (and, later, lobster) en masse. Red Lobster first opened in Lakeland, Florida, in 1968 and was acquired by the food conglomerate General Mills in 1970. "What's truly happened with Red Lobster is that the consumer base has changed and Red Lobster hasn't," he said. "Red Lobster isn't losing to a competitor in their space — they're losing to competitors outside their space."

Persons: It's, what's, Jonathan Maze, Mills, General Mills, Olive, Darden, Red, Eileen Appelbaum, isn't, they've, it's, Keith Bedford, Darren Tristano, John Gordon, Kim Lopdrup, Red Lobster's, He's, Jonathan Tibus, Gordon, Tristano, You've, Emily Stewart Organizations: Bloomberg, Restaurant Business, Olive Garden, LongHorn, Darden, Golden Gate, American Realty, Lobster, Center for Economic, Policy Research, Thai Union, Seafood Alliance, Thai, Fortress Investment Group, Reuters, Business Locations: chow, Lakeland , Florida, San Francisco, Thai, Thailand, Thai Union, Golden, San Diego

☆ ‘Tortured Poets Department’: A listener’s guide to references hidden in Taylor Swift’s lyrics
▼ + stars: | 2024-04-20 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +14 min

CNN —Taylor Swift released “The Tortured Poets Department” on Friday, a 31-track surprise double album, and she’s clearly in an emotionally evolved era. Either way, as the title suggests in this song, she’s determined to get him back. ‘I Hate it Here’“This place made me feel worthless,” Swift sings. Others have connected the Cassandra that Swift sings about to the figure in Greek mythology, a priestess whose accurate prophecies were not believed. ‘The Bolter’“As she was leaving it felt like breathing,” Swift sings.

Persons: CNN — Taylor Swift, Department ”, you’ll, Post Malone, Swift, “, pining, ” “ I’ve, ”, ‘, Matty Healy, Joe Alwyn, Healy, Lucy, Jack –, Lucy Dacus, Jack Antonoff, –, Charlie Puth, ” Swift, iHeartRadio, ’, Alwyn, Swift’s, Taylor Swift, Christopher Polk, Orville Peck, Florence, Florence Welch, you’d, Welch, Emma Stone, “ Who’s, Edward Albee’s, Virginia Woolf, We’ve, Rich Polk, Aaron Dessner, ” Ouch, frontman’s, Travis Kelce, ‘ Clara Bow ’, Stevie Nicks –, Ryan Reynolds ’, Clara Bow, Swift longingly, doesn’t, ’ Swift, ‘ Nuff, Chloe, Sam, Sophia, Marcus ’, Reynolds, Blake Lively’s, Betty, James, Inez –, you’re, Kelce, Ezra Shaw, aIMee ’, Aimee, Kim Kardashian, she’s, “ KIM, you’ve, ‘ Cassandra ’, Kardashian, Cassandra, ‘ Peter ’, Peter Pan, Peter ”, Peter, Dessner, ‘ Robin ’ Organizations: CNN, Department, GQ, NBC, NBCU, Bank, Getty, YouTube, Kansas City Chiefs, San Francisco 49ers, Marvel, Windows, Disney Locations: British, London, Beverly Hills, ‘ Florida, Florida, Anaheim, London’s Vauxhall, Las Vegas, Cardigan

☆ Joe Alwyn, Matty Healy and Travis Kelce appear to be Taylor Swift’s latest inspirations
▼ + stars: | 2024-04-19 | by ( Lisa Respers France | ) edition.cnn.com time to read: +3 min

CNN —One thing about Taylor Swift is she will rip her own heart open and spill the blood in the form of her song lyrics. Welcome to “The Tortured Poets Department.” Her latest music continues Swift’s tradition of sharing insight about her feelings and relationships in her songs. Clues include the opening in which Swift sings, “You left your typewriter at my apartment.” Healy expressed a fondness for typewriters in a 2019 interview with GQ magazine. “So when I touch down/ Call the amateurs and cut ‘em from the team,” Swift sings. It all led to a whole “Taylor Swift is a snake” trend on social media, and Swift has talked about how she withdrew into herself during that time.

Persons: Taylor Swift, ”, “, Joe Alwyn, Swift, That’s, Alwyn, Paul Mescal, Andrew Scott –, Matty Healy, ” Healy, Healy, You’ll, ” Swift, she’s, Travis Kelce, aIMee ”, “ KIM, Kim Kardashian, Kardashian’s, Kanye, Taylor, Kardashian, aIMee ” Swift Organizations: CNN, Poets Department, Department, GQ, Brit Locations: British, London

☆ Stop thinking your expensive watch is an investment, says Rolex boss
▼ + stars: | 2024-04-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Secondhand watch prices have tumbled since the Federal Reserve started raising interest rates. His comments as secondhand watch prices slide after spectacular pandemic-era growth. Watch prices started dropping as the Federal Reserve started raising interest rates. Dufour, who's been Rolex CEO since 2015, also told NZZ he's expecting a "challenging" year. Luxury watch companies such as Rolex, Patek Philippe and Audemars Piguet can't necessarily cut prices to stimulate demand, he added.

Persons: Jean, Frédéric Dufour, NZZ, —, Dufour, who's, NZZ he's, Patek Philippe, Audemars Piguet, Thierry Stern Organizations: Rolex, Federal Reserve, Service, Swiss, NZZ

☆ Here are 4 ways to approach the daily swings we're seeing lately in the stock market
▼ + stars: | 2024-04-16 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

There have been some sizeable swings in the stock market lately, both day-to-day and even during single trading sessions. But then around noon ET, the S & P 500 topped out and reversed lower. "Put simply: The S & P Oscillator is our most trusted indicator of how to act during big upswings or huge downdrafts in the market. You don't want to be sitting at your computer, staring at your screen when the major stock market benchmarks are getting knocked all around the place. And, if the flipside is true in an over-bought market, having the courage to trim when emotionally you're thinking let that baby run.

Persons: Jim Cramer, Friday's, …, Jim Cramer's, Jim, Michael M Organizations: Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: Israel, Iran, New York City

☆ The Winklevoss twins just invested millions in a tiny British soccer club
▼ + stars: | 2024-04-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Tyler Winklevoss and Cameron Winklevoss (L-R), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida. Cameron and Tyler Winklevoss, the billionaire twins known for suing Mark Zuckerberg for allegedly stealing their idea for Facebook, are investing millions of dollars into a small English soccer club. The twins, who today run the crypto exchange Gemini, announced Friday that they've invested $4.5 million worth of bitcoin in Real Bedford Football Club (RBFC), making it the "first football club powered by bitcoin," according to a statement Friday. RBFC, a non-league, semiprofessional club from Bedford, England, was purchased in 2022 by bitcoin investor and podcaster Peter McCormack. The latest deal will see the Winklevoss twins serve as co-owners of RBFC, alongside McCormack, a lifelong Bedford resident.

Persons: Tyler Winklevoss, Cameron Winklevoss, Cameron, Mark Zuckerberg, they've, RBFC, podcaster Peter McCormack, McCormack Organizations: Facebook, Real Bedford Football Club, Bedford, CNBC Locations: Miami , Florida, Real, Bedford , England, bitcoin

☆ Welcome to the Masters, a staple of the billionaire's social calendar
▼ + stars: | 2024-04-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're doing a deep dive into the golf tournament at one of the most exclusive clubs in the world . Mike Ehrmann/Getty ImagesHarvard University alumni, Goldman Sachs partners, Birkin bag owners — those exclusive groups are nothing compared to an Augusta National Golf Course membership. The Masters Tournament, the first of four men's major golf tournaments, kicks off today , write Business Insider's Madeline Berg and Taylor Rains. Since it's almost impossible to check out Augusta National otherwise, the Masters has become a staple of the billionaire's social calendar. Augusta National runs a lottery system for them.

Persons: —, Mike Ehrmann, Goldman Sachs, Birkin, Madeline Berg, Taylor, it's, Cork Gaines, aren't, Joe Ciolli, didn't, Chelsea Jia Feng, Bill Smead, Brad Porter, Elon Musk's, Y, Paul Graham, Alyssa Powell, Larry Ellison, David Ellison, Larry Ellison's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Getty Images Harvard University, Augusta, Waste, bros, Augusta National, Renaissance Technologies, Sigma, Robotics, Amazon Robotics, xAI, Paramount, Oracle, Google, JPMorgan, SpaceX Locations: Augusta, swag, Chelsea, D.E, Shaw's Valence, New York, London

☆ Inside the Fight Over Software That Tells Landlords to Hike Your Rent
▼ + stars: | 2024-04-10 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

Rents soared thanks to a shortage of apartment units, remote workers' desire for more space, and a daunting for-sale market that kept many renters stuck in place. Without RealPage, the plaintiffs argue, landlords would be hesitant to jack up rents; instead, they'd focus on keeping their buildings full. In short, the lawsuits that started with apartment rents could one day change how we pay for everything. By turning over pricing to the algorithm, plaintiffs say, RealPage's clients are encouraged to push rents higher than if they'd left the decisions up to humans. The RealPage cases are about far more than apartment rents.

Persons: RealPage, Kris Mayes, they'll, they'd, —, Zillow, there's, Marie Claire Tran, Leung, Tran, Matt Damon, Maureen Ohlhausen, Bob, Ohlhausen, Ed Rogers, Ballard Spahr, Jeffery Cross, Smith Gambrell Russell, didn't, it'll Organizations: Revenue Management, ProPublica, National Housing Law, FBI, RealPage, Department, Federal Trade Commission, Politico, Washington, Justice Department, FTC Locations: Texas, you've, Phoenix, Tucson, Washington, DC, RealPage, Arizona, Tennessee

☆ Landlords Use a Popular Software Tool to Jack up Apartment, Home Rents
▼ + stars: | 2024-04-10 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

☆ The great myth about dollar stores
▼ + stars: | 2024-04-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

But recent earnings for Dollar General and Dollar Tree show both companies have hit rough patches. But four years later, Dollar General — and Dollar Tree, its main rival — are seeing a slowdown. AdvertisementAnd rival Dollar Tree is closing 1,000 Family Dollar stores after spending nearly a decade trying to integrate the chain into its business. Messy stores and understaffing have caught up to Dollar General and Dollar Tree. Do you work at Dollar General, Dollar Tree, or Family Dollar and have a story idea to share?

Persons: —, Todd Vasos, Vasos, Robert Ohmes, It's, Michael Lasser Organizations: Dollar, Service, Shoppers, Bank of America, Business, UBS Locations: Minnesota

☆ Dollar stores are supposed to do well regardless of the economy. Turns out, that's not true.
▼ + stars: | 2024-04-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

Persons: —, Todd Vasos, Vasos, Robert Ohmes, It's, Michael Lasser Organizations: Dollar, Service, Shoppers, Bank of America, Business, UBS Locations: Minnesota

☆ 'Good times beget good times': JPMorgan Asset Management's global strategy chief explains why expensive US stocks can keep rising — and 4 top places to invest now
▼ + stars: | 2024-04-02 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Read previewHistory says US stocks' idyllic start to the year is sustainable, as does the chief global strategist at $2.9 trillion JPMorgan Asset Management. Advertisement"The market has momentum, and so good times beget good times," Kelly told Business Insider in a recent interview. JPMorgan Asset Management"There is a certain amount of fluff in those valuations, and I think that is somewhat dangerous," Kelly said. JPMorgan Asset ManagementOutside equities, Kelly said investors should consider adding exposure to alternative assets like real estate and transportation. "The overall buffet table of investment opportunities is being expanded, even for individual investors," Kelly said.

Persons: —, David Kelly, Kelly, David Rosenberg, Jon Wolfenbarger, Rosenberg, Kelly doesn't, it's, Kelly didn't Organizations: Service, Asset Management, Business, JPMorgan Asset Management, Bulls, Apple, JPMorgan, Management, Companies, Nikkei, P Transportation, Trust Nasdaq Transportation Locations: Truist, Europe, United Kingdom, Japan

☆ What 10 Years of Modi Rule Has Meant for India’s Economy
▼ + stars: | 2024-04-01 | by ( Alex Travelli | ) www.nytimes.com time to read: 1 min

As Narendra Modi was storming to victory in the election of 2014, he said that “acchhe din aane waale hain” — good times are coming. Now as Mr. Modi stands set to secure another term as prime minister in elections starting on April 19, the value of India’s stock market has grown threefold since he first took office. India’s economy is almost twice as big as it was. But the economic gains have been widely unequal. The bulk of India’s growth depends on those at the top of the income ladder, including a coterie of huge and tightly controlled businesses.

Persons: Narendra Modi, waale, Modi

Her story, including her relationship with Ryan, will continue to unfold on Gypsy Rose: Life After Lock Up, debuting this June on Lifetime." Blanchard was granted parole in December 2023 after serving eight years for her role in the death of her mother Dee Dee Blanchard, who prosecutors also acknowledged was abusive. Related stories"I said, 'I'll tell you what, if you write him, I'll write Gypsy Rose Blanchard," Anderson recounted to People. The murder of Dee Dee Blanchard followed years of alleged abuseBlanchard was sentenced to 10 years in prison in 2016 after she was found guilty of conspiring to kill her mom Dee Dee Blanchard, who was found dead in 2015. AdvertisementWhile Godejohn has said in interviews that he would kill again for the sake of Blanchard, Blanchard told People that she regrets what she did.

Persons: —, Rose Blanchard, Ryan Scott Anderson, Blanchard, Anderson, …, Gypsy Rose Blanchard, Ryan, Dee Dee Blanchard, Rose, Famer Bret Hart, Nick Viall's, Viall, " Blanchard, she's, Joseph Maldonado, Joe, King, she'd, he'd, I've, Rose Blanchard's, Ryan Anderson's Organizations: Service, Business, Lifetime, Chillicothe Correctional Center, Springfield News, WWE, Famer, Netflix Locations: Saint Charles , Louisiana, Chillicothe, Missouri

☆ A $20m mansion home was built on top of a 400ft skyscraper. The tycoon owner may never get to live in it.
▼ + stars: | 2024-03-23 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

A $20-million sky mansion sits on top of a 33-story luxury apartment complex in India. The spectacular home was designed for businessman Vijay Mallya. AdvertisementVijay Mallya might never get to live in the mansionThere's a real possibility that Mallya won't ever get to live in the sky mansion. Indian businessman Vijay Mallya arrives at the Royal Courts of Justice in London, February 2020. On the list were defense dealer Sanjay Bhandari, diamond trader Nirav Modi, and Vijay Mallya.

Persons: Vijay Mallya, Mallya, —, Vijay, instagram Irfan Razac, superrich, Ambani, Ashwin, Tom Tugendhat, Sanjay Bhandari, Nirav Modi Organizations: Service, Prestige Estates, Business, Kingfisher, Financial Times, Royal, of Justice, Reuters, of State Security, Press Trust of, The, India's Central Bureau of Investigation, National Investigation Agency Locations: India, Bengaluru, Mumbai, London, Reuters India, Japan, Canada, New Zealand, Norway, British, Press Trust of India, The Times

☆ A myth about Irish immigrants who came to the US during the potato famine gets debunked in a new book
▼ + stars: | 2024-03-17 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +22 min

In part, that was because it was just impossible to trace Irish famine immigrants and find out what had happened to them. This is just inconceivable to anyone who had ever thought about the famine Irish given the obstacles that faced them. Biden is one of four US presidents who descended from Irish famine immigrants. The famine immigrants really were the ones who cemented the idea of the American Dream as we understand it today. At the time, the neighborhood was home to the more Irish immigrants than any other part of the city.

Persons: CNN — Tyler Anbinder didn’t, Anbinder, Martin Scorsese, ”, …, “ It’s, ” Anbinder, Richard Ljoenes, —, ’, Patrick’s, there’s, “, Michael Sullivan, they’re, Biden, Obama, Reagan, Kennedy, Joe Biden, Kevin Lamarque, He’s, Pope, I, ” Biden doesn’t, George Washington, There’s, you’ve, Alderman John Barry’s, Tyler, Tyler Anbinder, he'd, Chris Langford, can’t, United States —, John Carlin, saloonkeepers, Saint Louis Organizations: CNN, Emigrant Savings Bank, New York Public Library, Irish, George Washington University, St, they’re Catholic, London, Hulton, Murphys, Reuters, New York Tribune, George Washington Bridge, New York Central Railroad, York, New York Public Locations: New York, York, United States, America, Europe, Liverpool, Ireland, County Mayo, Rome, Irish, Manhattan, Yorkers, New, New York City, Chicago, California, Minnesota, Saint

☆ The majority of altcoins launched since 2020 are dead, but bitcoin's latest rally could spark a revival
▼ + stars: | 2024-03-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

72% of crypto projects have died since 2020, a report from Alphaquest and Storible said. On Friday, crypto market capitalization hit a record high of $2.58 trillion. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Since 2020, 72% of crypto projects have died, according to a report published by Alphaquest and Storible. On Friday, the crypto market hit a new record, with capitalization reaching $2.58 trillion, Kuptsikevich wrote in a market update.

Persons: Storible, —, Alphaquest, FTX's, bitcoin, Geoff Kendrick, Alexander Kuptsikevich, Liquid Investments Seth Ginns, Kuptsikevich, Kendrick Organizations: Service, Standard, BTC, Business, CoinFund, Liquid Investments Locations: Alphaquest, altcoins

☆ Don't be enticed by the gold rally, expert says: Investors 'buy gold and hope it doesn't go up'
▼ + stars: | 2024-03-06 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

One helpful way to think about the recent gold rally: it's a case of schadenfreude. The yellow metal does well when other assets — and the world — are in trouble. Be prepared to root against your investment, said William Bernstein, author of "The Four Pillars of Investing." "You buy gold and hope it doesn't go up," he said. Among the other previous good times for gold: The Great Recession and the start of the Covid outbreak.

Persons: William Bernstein ,, Vladimir Putin, Donald Trump Organizations: NATO, Finance Locations: Ukraine, Gaza

On a more positive note, Guggenheim upgraded GSK to buy thanks to strength across multiple product pipelines. Elsewhere, RBC upgraded Lyft to outperform, calling for a major rally ahead. Analyst Brad Erickson upgraded Lyft shares to outperform from sector perform, and raised his price target by $6 to $23, implying roughly 40.7% potential increase. — Pia Singh 6:10 a.m.: DoorDash upgraded by RBC on new partnerships potential, higher order growth RBC Capital Markets upgraded DoorDash to outperform from sector perform. Analyst Seamus Fernandez upgraded shares to buy from neutral and assigned a £20.31 price target, representing 21% upside to GSK's latest close.

Persons: Guggenheim, Wells Fargo, Timur Braziler, Braziler, — Pia Singh, Lyft, Brad Erickson, Erickson, Seamus Fernandez, Fernandez, Citi downgrades Ferrari, Ferrari, Harald Hendrikse, Fred Imbert Organizations: CNBC, Citi, Ferrari, GSK, RBC, Popular, RBC Capital Markets RBC Capital Markets, DASH, Capital Markets, Guggenheim Securities, drugmaker GSK, Guggenheim Locations: Wells Fargo, Puerto Rico, U.S, Wells, Shingrix, Arexvy, Milan

☆ Notable UBS strategist Garthwaite sees stocks ending 2024 flat as 'difficult phase' approaches
▼ + stars: | 2024-02-26 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Equity strategist Andrew Garthwaite warned investors could be in for a "difficult phase" and end the year flat. The S & P 500 and Dow Jones Industrial Average reached record highs last week, with the former breaking above 5,100 for the first time on an intraday basis. The S & P 500 and Nasdaq are both up more than 6% this year, and the Dow has climbed 3.8%. Garthwaite admitted his downbeat outlook could be wrong, as productivity gains from AI could lead to a 15% to 20% advance for the S & P 500. Market breadth is also typically better when stocks reach new highs, according to Garthwaite.

Persons: Andrew Garthwaite, Dow, Garthwaite Organizations: UBS, Equity, PPI, Dow Jones, Nasdaq, Nvidia Locations: Japan

☆ Dealmaking is showing signs of life, but it comes with some downsides
▼ + stars: | 2024-02-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at why M&A could be staging a comeback and which bankers made the most of 2023 . The big storyDealmaker's delighttatomm/iStock, Tyler Le/BIThree monster deals announced in less than a week has Wall Street wondering: Is M&A back? But after a dreadful 2022 and 2023, dealmaking is showing signs of life, Business Insider's Theron Mohamed writes. Capital One, Truist, and Walmart announced acquisitions totaling $53 billion this week, leaving bankers hopeful the good times (and fees) are back. Deals represent an exit opportunity for companies, giving their investors (some of whom are employees) a chance to cash out.

Persons: Tyler Le, Theron Mohamed, Biden, Alex Morrell, Reed Alexander, Alyssa Powell, Emily Stewart, Wall, it's, M, Getty, Jenny Chang, Rodriguez, Jensen Huang, Goldman Sachs, Carlos Delgado, Associated Press Rivian, Rivian, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Federal Reserve, Walmart, Activision Blizzard, ExxonMobil, Cisco, Acquisitions, Activision, Wall Street, Big Tech, Nvidia, ING, Microsoft, Associated Press, BI, Google, Walgreens, Sunshine State, CVS, Intuit, Nestle, Square Locations: Europe, Florida, VillageMD, New York, London

☆ The economy's gone from strength to strength after the pandemic — but no one quite knows why, or what comes next
▼ + stars: | 2024-02-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +8 min

America has gone from a pandemic crash and recession fears to stocks at record highs and an economic boom. Lockdowns, wars, shortages, inflation, interest rates, day trading, and AI have all played a role. Noam Galai/SOPA/Getty ImagesMany Americans also socked away money during the pandemic, as they saved on expenses like travel and live entertainment. Stimulus-fueled demand, combined with pandemic and war-related supply disruptions, caused inflation to spike to a 40-year high of 9.1% in June that year. The Fed swiftly raised interest rates to rein in the price growth, lifting them from virtually zero to upward of 5% in under 18 months, and hasn't touched them since.

Persons: —, We've, Noam Galai, hasn't, It's, dory Organizations: Service, Federal Reserve, GameStop, AMC Entertainment, AMC, Bank Locations: America, China, Ukraine

☆ Google's new AI-powered wingman highlights the challenges of using a tool that could eventually replace you
▼ + stars: | 2024-02-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign 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 Google’s new internal AI model aimed at improving worker efficiency. The big storyAI assistanceCBS Photo Archive/Getty ImagesGoogle employees are getting an AI-powered wingman in the company’s bid to improve efficiency. Goose can answer questions about Google's tech and write and edit code, according to an internal summary of the model. Tech companies have tested inventions on their own employees for years in a process known as "dogfooding," writes BI's Alistair Barr.

Persons: —, Denny's, customizations, Hugh Langley, Tom Cruise’s copilot, Alistair Barr, Tyler Lee, “, Bryan R, Smith, Wall, Gary Gensler, We’re, Société, Elad Gil, Gil, ChatGPT, it’s, Uber, Nomura, Young homebuyers, Meredith Whitney, Donald Trump, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, CBS, Getty, Microsoft, OpenAI, Tech, Google, Big Tech, Fed, UBS, SEC, Silicon Valley’s, BI, Xbox, Dragon, Workers, Wall Locations: China, New York, London

☆ Cisco CEO attributes light forecast to cautious customers and an 'inventory consumption issue'
▼ + stars: | 2024-02-14 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Wednesday post-earnings interview with CNBC's Jim Cramer, Cisco CEO Chuck Robbins listed several factors that lead to a light quarterly and full-year forecast, including weakness in orders from its service provider customers. "First of all, we saw more caution with our customers this quarter than we saw in the prior quarter," Robbins said, adding that inventory consumption is taking longer than the company expected. Robbins also said there was "continued weakness" in demand from its telecommunications and cable service provider clients, with orders down 40% for the quarter. "Those three things lead us to revise guidance for the rest of the year," he said. Cisco also announced on Wednesday it will be cutting 5% of its workforce, or about 4,000 jobs, mirroring layoffs happening at other tech companies.

Persons: CNBC's Jim Cramer, Chuck Robbins, Robbins, we'll Organizations: Cisco

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