DIRS.INFO The most relevant business & tech news

☆ 'We're close to the end': Biden world braces for the possibility that the president steps aside
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: +7 min

Top allies have either publicly or privately called on him to step aside. "We're close to the end," a person close to Biden said. That person, who previously doubted Biden would ever step aside, acknowledged that it's the president's decision but joined in the array of Biden allies who say he is nearing a point of no return. "The president is feeling fine, he is self-isolating in Delaware," Quentin Fulks, principal deputy campaign manager for the Biden campaign, said at a news conference in Milwaukee. "Our campaign is not working through any scenarios where President Biden is not the top of the ticket.

Persons: Joe Biden's, Biden, Donald Trump, Adam Schiff, Hakeem Jeffries, Nancy Pelosi, Sen, Chuck Schumer —, —, that's, They're, Quentin Fulks, Lester Holt, I've, I'm, reevaluate, Carol E, Lee, Monica Alba, Natasha Korecki Organizations: WASHINGTON, Republican National Convention, Democratic, Trump, White, Biden, NBC News, Republican Locations: Atlanta, Rehoboth Beach, Del, Milwaukee, Delaware, Washington, Chicago

☆ This school has 12-hour days, 'relaxing' meals — and no smartphones
▼ + stars: | 2024-07-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +8 min

Helping an 'Anxious Generation'All Saints' experiment with an extended school day comes as concern mounts about the impact of smartphones and social media on teenagers. AdvertisementUS Surgeon-General Vivek Murthy also recently called for social media to carry cigarette-style warning labels to warn of the health risks. Writing in The New York Times, he said social media increased the risk that children would suffer anxiety and depression. However, the extended school day program has produced some noteworthy results. AdvertisementRausch said his research had shown that constant access to smartphones and social media only increases social inequality.

Persons: —, London that's, It's, Andrew O'Neil, O'Neil, it's, Andrew O'Neill ., mick, Zacariah Pinto, Mia Benoit, Benoit, I'm, Pinto, Jonathan Haidt, Vivek Murthy, Zach Rausch, Haidt, Rausch, Rebecca Fuller, Jonathan Brenner, Helena, Brenner, She's Organizations: Service, Saints Catholic College, Business, Grenfell Tower, All, YouTube, The New York Times, NYU, Stern School of Business, Saints, Eton Locations: Notting Hill, London, Notting, Portobello

Newly produced electric vehicles are being seen at Tesla's Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty ImagesBEIJING — New tariffs on Chinese electric cars aren't enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. While collaborations are "rational" to attain market share, Dyer said it is difficult to stay in the China market long-term if foreign carmakers don't switch things up. Last month, an analyst from the Bank of America said U.S. automakers based in Detroit should exit China "as soon as they possibly can" because they were at the losing end against China EV giants. Electric cars are less complex than internal combustion engine-powered vehicles.

Persons: It's, haven't, Stephen Dyer, Dyer, Cooper, — Organizations: Shanghai, Nurphoto, Getty, China's EV, CNBC, Porsche, BMW, Cooper, Bank of America, China EV Locations: Shanghai, China, BEIJING, China's, Asia, Europe, U.S, Detroit

☆ From intern to partner: Goldman's global head of equity syndicate reflects on her days as a junior banker
▼ + stars: | 2024-07-16 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

Goldman's 2024 class began in early June, and this summer's cohort represents the most competitive and selective yet. And not just intern to intern, but even the VPs and associates and analysts on your deal team really included you and made you feel very much part of it. You're meeting all these new people, you're getting assignments you're super excited to work on, and you're also trying to show your value. If you slow down and check the work, you're inherently going to learn it better and be able to apply it better. He was in municipal banking, and I was on the credit syndicate team – we were both analysts on a deal team.

Persons: Elizabeth Reed, Goldman Sachs, Lizzie, —, Reed, Goldman, You've, it's, Emmalyse Brownstein, — that's, they're, I've, Obama Organizations: Service, Goldman Sachs ' New, University of Notre Dame, Business, NYU, Goldman, TXU Corp, Wall Locations: Goldman Sachs ', Goldman Sachs ' New York, New Jersey, New York City, New York

☆ Goldman's $2.8 trillion asset management arm says the S&P 500 will be 'flattish' for the rest of 2024. 5 places it says to invest your money instead.
▼ + stars: | 2024-07-14 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

Don't expect the mammoth returns of the S&P 500 to continue this year, according to Goldman Sachs Asset Management's midyear investment outlook released last week. AdvertisementBut this doesn't mean that Goldman Sachs is expecting a severe downturn. Active management is more important now than ever, and Goldman Sachs recommends taking steps now to prepare for a lukewarm second half of 2024. To address geopolitical instability and financial shocks, Goldman Sachs recommends hedging risk through commodities. Goldman Sachs is seeing increasing opportunities in Asia.

Persons: Goldman Sachs, Alexis Deladerrière, —, Lindsay Rosner, Rosner, Deladerrière, it's Organizations: Service, Goldman, Business, Nvidia, Microsoft, Apple, Fed Locations: Mexico, France, East, Ukraine, industrials, underperformance, Asia, Japan, India

☆ I've been a recruiter for the corporate elite for 25 years. These 10 mistakes can cost even the most brilliant candidate their dream job.
▼ + stars: | 2024-07-12 | by ( Deepali Vyas | ) www.businessinsider.com time to read: +8 min

Read previewAfter nearly 25 years of headhunting for the corporate elite, I've seen it all. But I've seen too many candidates rest on their laurels, assuming their existing Rolodex (yes, some still have those) is enough. I've seen it happen, and it's not pretty. I've seen candidates lowball themselves out of insecurity, and others demand outrageous packages out of hubris. I've seen candidates ghost companies after multiple rounds of interviews or respond poorly to rejection.

Persons: —, I've, they're, it's, I'm, Skip, you'll, It's, today's, Deepali Vyas, Tess Martinelli, tmartinelli@businessinsider.com Organizations: Service, Business, Google

☆ I'm the 3rd generation in my family business, but I'm not sure if I want my kids to follow in my footsteps.
▼ + stars: | 2024-07-11 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

This as-told-to essay is based on a conversation with George Vukasin Jr., president and CEO of Peerless Coffee and Tea. My dad wanted to become an FBI agent and put away bad guys, but he had no choice. In fact, they encouraged me and my two sisters to get professional experience outside the family business. Running a family business is complicated enough without more people involved. None of the kids seem to have an interest in joining the family business.

Persons: George Vukasin Jr, Peerless, Kristina, Michelle, doesn't, I'm Organizations: Service, Peerless, Business, FBI Locations: France

☆ Goldman says investors should start shifting out of cash. Here's where it sees opportunity
▼ + stars: | 2024-07-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Investors enjoying juicy yields on their cash should start preparing to shift their strategy, according to Goldman Sachs. People piled into cash instruments like Treasury bills and money market funds as the short end of the yield curve rose alongside Federal Reserve interest rate increases starting in early 2022. Now some $6.15 trillion is sitting in money market funds, as of July 2, according to the Investment Company Institute . There's a "real probability" that could start in September, said Lindsay Rosner, head of multi-sector investing at Goldman Sachs Asset and Wealth Management. While the average spread is around 800 basis points over Treasurys, the bonds are either trading around 300 basis points — too tight for junk bond ratings — or 1,000 basis points or more.

Persons: Goldman Sachs, Lindsay Rosner, —, Rosner, " Rosner Organizations: Federal, Investment Company Institute, Goldman, Wealth Management, Fed, riskier Locations: Goldman Sachs, Treasurys

☆ Dating in Silicon Valley is hard. I want to be married and have kids, but Big Tech is holding me back.
▼ + stars: | 2024-07-10 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

I work at a FAANG tech company and have been an employee and manager at three other Big Tech firms over the last 10 years. Working in Big Tech has taken a major toll on my dating and personal life. Now that I'm more interested in dating, I'm finding it very difficult. Related storiesReturning to the office meant my dating life was suddenly limited to one geographical area, and my previous dating plans went kaput. Is your Big Tech job affecting your dating life?

Persons: —, I, I'd, I've, I'm, haven't, Lauryn Haas Organizations: Service, Big Tech, Business, Amazon, lhaas@businessinsider.com Locations: Silicon Valley, East, New York, West Coast, Boston, Bay

☆ Companies besides tech can reach megacap status, Jim Cramer says
▼ + stars: | 2024-07-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday suggested that it is not just Big Tech that has the capacity to lead the market. Cramer highlighted Eli Lilly , a pharmaceutical giant whose stock hit a new high during Monday's session and is currently valued at about $870 billion. "These companies maintain their status through invention," Cramer said of huge names such as Amazon , Meta , Apple , Microsoft , Alphabet and Nvidia . The question is why other companies aren't doing the same things that Eli Lilly's doing to get in the winner's circle." Eli Lilly did not immediately respond to CNBC's request for comment.

Persons: CNBC's Jim Cramer, Cramer, Eli Lilly, Eli Lilly's, Eli Lilly's Alzheimer's, — Organizations: Big Tech, U.S . Food, Drug Administration, Apple, Microsoft, Nvidia Locations: U.S

☆ Hollywood theater owners are worried a Paramount-Skydance merger will usher in too much consolidation
▼ + stars: | 2024-07-08 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

More consolidation, more problems — that's the latest fear gripping the theatrical industry. After a monthslong negotiation process, Paramount and Skydance have struck a merger agreement. Namely, that continued consolidation in the industry will exacerbate production woes that have led to fewer film releases in recent years. Skydance founder David Ellison during an investor call Monday touted that Paramount and Skydance have produced 30 feature films together. However, each company has other producing partners, and it is unclear how this merger could affect production going forward.

Persons: —, Michael O'Leary, David Ellison, Shawn Robbins, Paul Dergarabedian Organizations: Paramount, National Association of Theatre Owners, NATO, Disney, Century Fox

☆ This is the most affordable country for expats in 2024, according to a new report
▼ + stars: | 2024-07-08 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +2 min

Vietnam is the most affordable place to live in for expats, according to a report by InterNations. Moving to a foreign country may seem like a pipe dream, but it doesn't have to break the bank. For the fourth consecutive year, Vietnam is the most affordable country in the world for expats, ranking first out of 53 destinations when it comes to personal finances, according to a 2024 InterNations study. Southeast Asia, in particular, stood out with Vietnam, Indonesia, Philippines and Thailand all ranking in the top 10. "Most expats agree that it's easy to find housing, and they are happy with how affordable it is."

Persons: InterNations, Chudoba Organizations: InterNations, Vietnam 2nd, CNBC Locations: Vietnam, expats, Brazil, Malaysia, Vietnam Colombia Indonesia Panama Philippines India Mexico Thailand Brazil China, Southeast Asia, Indonesia, Philippines, Thailand

☆ A day in the life of Robert Rivani, a 34-year-old real-estate mogul with $750M in deals who left LA to invest in Miami
▼ + stars: | 2024-07-07 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

Read previewRobert Rivani got a taste for business flipping shoes as a teenager in his hometown of Los Angeles. At 18 years old, Rivani said he was approached to sell his shoe collection for over $150,000 and he took it. Rivani left California in 2022 to make his mark in Miami, where he's grown his real-estate portfolio. Even that 45-minute drive is valuable time, so his personal assistant or wife drives while Rivani texts and takes calls. Rivani has the luxury of having restaurants, including Delilah Miami, as tenants and can host multiple meetings in one location instead of bouncing around Miami.

Persons: —, Robert Rivani, Rivani, Lion, Williams, Harry Potter, Krystal, Anna Orsborn, I've, Delilah Miami, Michael Timzil Nio, — that's, we're, he's Organizations: Service, Jordan, Business, Beverly Hills, 1Ten, Vikings Locations: Los Angeles, California, Miami, South Florida, Miami Beach, Elm, Williams Sonoma, Beverly, East Coast

☆ Biden refuses to accept just how much trouble his campaign is in
▼ + stars: | 2024-07-06 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Read previewPresident Joe Biden appears to be in denial with just how seriously his recent debate performance against Donald Trump has hurt his 2024 campaign. Related stories"Well, I don't believe that's my approval rating — that's not what our polls show," Biden responded. On the growing calls from Democratic lawmakers for the president to step down, Biden said he's met with many colleagues and none of them have advised him to suspend his campaign. Biden repeatedly said in the interview that the only person who could get him to step down is the "Lord almighty." A spokesperson for the Biden campaign told Business Insider that the president's interview with Stephanopoulos was just one of many moments that showcased that Biden is the right candidate to go against Trump.

Persons: —, Joe Biden, Donald Trump, George Stephanopoulos, Biden, Stephanopoulos, Mr, I've, he's Organizations: Service, ABC News, Trump, Democratic, Business, Democrats

☆ Samsung shares hit over 3-year high after better-than-expected guidance on strong AI demand
▼ + stars: | 2024-07-05 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

The stock climbed as much as 2.24% on Friday morning, trading at a high of 86,500 Korean won ($62.73), according to LSEG data. The expected operating profit beat a LSEG estimate of 8.51 trillion won. The firm also said it expects revenue for the second quarter to be between 73 trillion to 75 trillion won, from 60.01 trillion won a year ago. This is in line with the 73.7 trillion won estimated by LSEG analysts. The South Korean electronics giant saw record losses in 2023 as the industry reeled from a post-Covid slump in demand for memory chips and electronics.

Persons: Joan Cros Organizations: Samsung, Mobile, Getty, Samsung Electronics, South, LSEG, Business Locations: Barcelona, Spain, Korean

☆ I got paid $10,000 to move to Tulsa. My mortgage for a whole house is about what I used to pay to rent one room.
▼ + stars: | 2024-07-04 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

I had never heard of Tulsa in my life — of course, I'd heard of Oklahoma, but never Tulsa. I can't imagine being here 60 years old, having spent 20 years driving, when I could be living life instead. I bought the house in Tulsa in November 2020, and it just sat vacant until I moved there in December. The mortgage payment for Ball's house in Tulsa is only a little more than her share of rent was in LA. You can find free parking everywhere.

Persons: —, Jasmine Ball, I'd, You've, would've, It's, I've, it's Organizations: Service, Tulsa, Business, Black, Finances, Utilities, Gas, Tulsa Dream Locations: Los Angeles, Tulsa , Oklahoma, Tulsa, Oklahoma, California, Orland , California, Minnesota, Northern California, LA, Santa Monica

☆ The real-estate market is in for sharp correction with losses that could take a decade to recover from, strategist says
▼ + stars: | 2024-07-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Give it another two or three years — that's when the real-estate market gets hit the most." The fallout in the commercial real-estate sector could meanwhile be more severe. But banks, bearing huge losses in their mortgage and commercial real-estate portfolios, will be more hesitant to lend, weighing on demand and causing real-estate prices to plunge. Advertisement"It's possible we'll see a 50% [correction] in some spots, but I would say somewhere around a 30% correction in real estate," Vermeulen said of real-estate investments. Those losses could take seven to 10 years to recover from, he said, because of the long nature of real-estate cycles.

Persons: —, Chris Vermeulen, who's, Vermeulen, — that's Organizations: Service, Traders, Business, Census, Challenger, Bloomberg, Fed, National Association of Realtors

☆ The real estate market is in for sharp correction with losses that could take a decade to recover from, strategist says
▼ + stars: | 2024-07-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Give it another two or three years — that's when the real estate market gets hit the most." Meanwhile, the fallout in the commercial real estate sector could be more severes. However, banks, bearing huge losses in their mortgage and commercial real estate portfolios, will be more hesitant to lend, weighing on demand and causing real estate prices to plunge. Advertisement"It's possible we'll see a 50% [correction] in some spots, but I would say somewhere around a 30% correction in real estate," Vermeulen said of real estate investments. Those losses could take seven to 10 years to recover from, he said, due to the long nature of real estate cycles.

Persons: —, Chris Vermeulen, Vermeulen, — that's, Vermueule Organizations: Service, Traders, Business, Census, Challenger, Bloomberg, National Association of Realtors

☆ How to boost your EQ at the office—even if you work remotely, according to a career expert
▼ + stars: | 2024-07-03 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

He cited one thing he wished he knew in his 20s that could have made him wealthier, faster. "Your personality will get you 10 times richer than your intelligence," Adcock told me. "EQ is going to get you way more money and way more opportunities for promotion than IQ," Adcock said. I interviewed Vicki Salemi, a career expert with Monster.com on ways to boost your EQ in the workplace. "It may feel a little outside of your comfort zone — that's natural," she says.

Persons: Steve Adcock, Adcock, Vicki Salemi, Salemi

☆ Natural gas will have a 'huge impact' on the energy transition. Play the trend with these pipeline stocks
▼ + stars: | 2024-07-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Investors who want to support the energy transition should consider backing natural gas as a fuel that can "make a really huge impact" by replacing coal, according to a top analyst at asset manager PGIM. "Natural gas is very complementary to them, it is highly dispatchable and it is very low cost." The U.S. is the largest natural gas exporter in the world, according to the Energy Information Administration. "Pipelines offer a very different kind of risk/reward proposition for an investor than, say, a natural gas producer who is very exposed to the volatility of the natural gas price," Antia said. "When it comes to LNG infrastructure, Cheniere is a company that provides the infrastructure necessary to liquefy as well as re-gasifying natural gas," Antia said.

Persons: PGIM, Shehriyar Antia, Antia, Kinder Morgan, Williams Cos, Williams, Kinder Organizations: CNBC, Energy Information Administration, EQT Corp, Williams Companies, Wall Street, Argus, Energy Locations: Wells, China, India

☆ The 5 red flags a Michelin-starred chef looks out for when dining at a high-end Italian restaurant
▼ + stars: | 2024-07-01 | by ( Rachel Askinasi | ) www.businessinsider.com time to read: +6 min

Read previewStefano Secchi, chef and owner of Rezdôra in New York, has many opinions when it comes to what differentiates a high-end Italian restaurant from a gimmick. It's never a good sign when a restaurant is serving out-of-season ingredientsCaprese isn't always in season. If the classics aren't prepared and labeled properly, the restaurant is a hard sell for SecchiA good Italian restaurant wouldn't drown its pasta in sauce or butter. But it's a good sign if the oil is bursting with really rich and complex flavors and fragrances. A quality Italian restaurant should have a proper coffee serviceCoffee service is often the last chance for a restaurant to leave diners with a good impression.

Persons: —, Stefano Secchi, Secchi, It's, you've, balsamic, She's, she's, Mats Silvan, he'd, it's, Alfredo, carbonara, Feifei Cui Organizations: Service, Michelin, Business, fugazi, Staff Locations: New York, Italy

☆ What happens to AI progress if China invades Taiwan? A chat with 'Chip War' expert Chris Miller.
▼ + stars: | 2024-07-01 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

Apple, Nvidia, Qualcomm, AMD, and most other chip designers rely on Taiwan Semiconductor Manufacturing Company to make these crucial components. And its location on the island of Taiwan, which China claims, puts the tech industry and AI's future in a precarious geopolitical position. AdvertisementChris Miller is the author of "Chip War: The Fight for the World's Most Critical Technology." When people understand the true significance of TSMC, they're often pretty shocked at how precarious the chip situation is. But suppose you think there's some chance that it happens.

Persons: Chris Miller, we're, TSMC, couldn't, That's, they've, they're, There's, Jensen Huang Organizations: Service, Apple, Nvidia, Qualcomm, AMD, Taiwan Semiconductor Manufacturing Company Locations: Taiwan, China, Russia, Ukraine, South China, Philippines, Beijing, Taiwan Strait, Washington, Tokyo

☆ A financially independent entrepreneur shares the 'ticket for passive income' — and how she plans to grow from a six-figure business to 'multiple seven figures'
▼ + stars: | 2024-06-30 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLiz Wilcox brings in, on average, $40,000 a month from her email marketing business — and she's not logging a lot of hours. Her business brought in five figures while she competed on the reality TV show without access to the outside world. AdvertisementThanks to the way she's set up her business, "I really could disappear for a month," said Wilcox. Because almost every business, if they're doing it right, is doing email marketing."

Persons: —, Liz Wilcox, I've, Wilcox, Burger King, We've, Liz, she'd, we'd Organizations: Service, Business, BI Locations: Destin , Florida

If you spend a lot of time at home, that can be difficult without an air conditioner — that's why this incredible deal on the Black+Decker Portable Air Conditioner is so worth it. View at AmazonIn our guide to the best portable air conditioner, we love this model for its versatility year-round. EcoFlow Wave 2 Portable Air Conditioner $1,199.00 $2,237.00 Save 46% The EcoFlow Wave 2 is the best battery-powered portable air conditioner we've tested. View at AmazonFrigidaire Inverter Window Room Air Conditioner (FHWW145WE1) $566.00 $629.00 Save 10% The Frigidaire Inverter Window Room Air Conditioner (FHWW145WE1) is the best air conditioner for large rooms, decreasing our sizable test room by four degrees in an hour and featuring an easy setup. View at AbtFriedrich Zoneaire Portable Air Conditioner (ZCP12DB) $779.00 $889.00 Save 12% The dual-hose Friedrich Zoneaire Portable Air Conditioner did the best job cooling and was the quietest portable air conditioner we tested.

Persons: It's, Abt Friedrich, Friedrich Organizations: Business, EcoFlow, Energy, Abt, Madison, Amazon Prime Locations: Midwest, Northeast

☆ AeroVironment CEO describes how drones are the future of modern warfare
▼ + stars: | 2024-06-27 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

In a Thursday interview with CNBC's Jim Cramer, AeroVironment CEO Wahid Nawabi described how the defense contractor's drones are used in battle, saying the technology will be a significant part of modern warfare. "The fundamental shift in warfare is that distributed intelligent robotic systems, loitering munitions, small drones — that's what we specialize in — is going to be a much bigger piece of the warfare in the future," he said. Nawabi discussed weapons including the Switchblade 600 — a kamikaze-type drone — and the Puma AE, which is primarily used for surveillance. The former is unique because it is able to "loiter" for 40 minutes to find a target, he said. According to Nawabi, the U.S. Army plans to buy more than a thousand Switchblade 600s as part of the Pentagon's latest initiative.

Persons: CNBC's Jim Cramer, Wahid Nawabi, Nawabi Organizations: Puma, U.S . Army

Search resuls for: "— that's"

25 mentions found