DIRS.INFO The most relevant business & tech news

☆ China’s Anguished Debate: Do Its Children Have a Crime Problem?
▼ + stars: | 2024-06-26 | by ( Vivian Wang | ) www.nytimes.com time to read: +1 min

The boy who the police say killed Xinyue was 13 years old at the time. As his trial opens on Wednesday, it will try to answer a question gripping Chinese society: How should China deal with young children accused of heinous crimes? Countries around the world have long struggled to balance punishment and forgiveness for children. But the debate is especially notable in China, where a history of relative leniency toward young offenders stands in stark contrast to the limited rights of adult criminal defendants. For decades, the government has emphasized educating and rehabilitating juvenile offenders, rather than imprisoning them.

Persons: Gong Junli, Xinyue Locations: China

☆ Your Ford pickup could be one of the half million trucks being recalled for suddenly shifting gears
▼ + stars: | 2024-06-26 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

Ford has issued a recall notice for over 550,000 of its 2014 model F-150 pickup trucks in the US. The recall came after users complained that the trucks would suddenly drop to first gear. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementFord has issued a recall for half a million of its F-150 pickup trucks after receiving hundreds of complaints that they suddenly downshifted to first gear.

Persons: Ford, —, downshifted Organizations: Service, National, Traffic Safety Administration

☆ AIPAC is not the only reason Jamaal Bowman lost
▼ + stars: | 2024-06-26 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

Read previewRep. Jamaal Bowman was roundly defeated in the Democratic primary for New York's 16th congressional district on Tuesday, making him the first member of the progressive "Squad" to lose reelection. AIPAC spent over $17 million on Bowman's primary. On the ground, AIPAC's offensive translated into TV ads attacking Bowman and praising Latimer, as well as a deluge of mailers at residents' doors. Congressman Jamaal Bowman won both primaries, upsetting former Congressman Eliot Engel in 2020, and beating two Westchester County legislators in 2022. Months before AIPAC began dropping millions of dollars on the race, polling already showed Bowman struggling against Latimer.

Persons: —, Jamaal Bowman, George Latimer, Latimer, Bowman, Israel —, Israel, Maxine Dexter, Susheela Jayapal, Harry Dunn, AIPAC hadn't, Sen, Sarah Elfreth, Dunn, Dave Min, Summer Lee, Lee, Eliot Engel, …, IOPvbEwSZe — Daniel Marans, Rashida Tlaib, Spencer Platt, Bowman's, Cori Bush Organizations: Service, Democratic, New, Westchester, Business, American Israel Public Affairs Committee, Israel, Democratic Party, AIPAC, Republican, Law, PAC, Responsive, Capitol Police, California House, Squad, Rep, Teach Coalition, of Justice, Capitol, West Bank, Democrats Locations: Westchester County, Gaza, Oregon's, California, Israel, Pennsylvania, Westchester, Dearborn , Michigan, Detroit, Dearborn, New York, Missouri

☆ AI's foundations in data insights will help fuel powerful applications for generative AI, according to Reckitt CMO Fabrice Beaulieu
▼ + stars: | 2024-06-26 | by ( Julia Hood | ) www.businessinsider.com time to read: 1 min

Link icon An image of a chain link. It symobilizes a website link url. Link icon An image of a chain link. Copy LinkTwitter LinkedIn icon LinkedIn Link icon An image of a chain link. Twitter LinkedIn icon LinkedIn Link icon An image of a chain link.

☆ Afghanistan enjoys historic run to T20 World Cup semifinals: ‘Cricket is the only source of happiness back home’
▼ + stars: | 2024-06-26 | by ( Ben Morse | Masoud Popalzai | ) edition.cnn.com time to read: +8 min

Afghanistan fans celebrate the team's win against Bangladesh at the T20 World Cup. Gurbaz is the leading run scorer at the T20 World Cup. “That Afghanistan team got into the semis for the first time,” the 25-year-old told the International Cricket Council (ICC) website. It’s an unbelievable feeling.”Khan (middle) celebrates the dismissal of India's Rishabh Pant at the T20 World Cup. And in a statement posted online, the Afghanistan Cricket Board expressed its “disappointment” towards Australia’s decision and “reiterates its stance on neutral and politics-free cricket across the globe.”

Persons: – couldn’t, Ashraf Ghani, Mullah Amir Muttaqi, Mullah Khairullah Khairkhah, Rashid Khan, ” Khan, cramp, Jonathan Trott, Ricardo Mazalan, Raees Ahmadzai, Khan –, Mohammad Nabi, Hashmatullah, Rahmanullah Gurbaz, Ibrahim Zadran, Fazalhaq Farooqi, Ramon Espinosa, Trott, Khan, Nabi, Noor Ahmad –, bamboozled, Gurbaz, “, ”, India's Rishabh Pant, Randy Brooks, Barney Ronay, Suhail Shaheen, ” Shaheen Organizations: CNN, Pakistan, Afghanistan Cricket Board, Bangladesh, AFP, Getty, Australia, Afghan national cricket team, International Cricket Council, ICC, Afghanistan, United, Guardian, ACB, FIFA, International Olympic Committee Locations: Australia, Afghanistan, Africa, Trinidad and Tobago, Bangladesh, “, AFP, Taliban, United States, Doha

☆ Rivian just got a $5 billion investment from Volkswagen, and it could help Rivian solve one of its biggest problems
▼ + stars: | 2024-06-26 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Volkswagen will invest up to $5 billion in Rivian, an EV maker that's struggled with profitability. Rivian, which lost $1.4 billion in the first quarter, aims to develop a more affordable SUV. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementVolkswagen just inked a deal to invest up to $5 billion in Rivian, the electric-vehicle maker that has, like its peers, struggled to turn a profit. It also affords Rivian, which lost $1.4 billion in the first quarter, a financial cushion to continue developing a much cheaper SUV.

Persons: that's, — Organizations: Volkswagen, Service, Business Locations: Rivian

In that debate, Trump repeatedly attacked Biden and consistently spoke over him, as well as antagonized the moderators. Leading up to debate week, Trump has downplayed the importance of preparation. “It’s very hard to prepare,” Trump told the Washington Examiner. This room is a sterile, dead room, which is I guess what they want,” Trump told the Examiner. “I assume he’s going to be somebody that will be a worthy debater,” Trump told the “The All-In” podcast.

Persons: CNN —, Donald Trump’s, Trump, ” Trump, Jason Miller, Joe Biden’s, Biden, ”, Mike Waltz, “, I’m, Trump’s, Chris LaCivita, —, “ You’ve, ‘, we’d, Ohio Sen, JD Vance, Doug Burgum, ” Burgum, ” Miller, Joe Biden Organizations: CNN, ” Trump, “ CNN News Central, Washington Examiner, Trump, Republican National Convention, Camp, David, Ohio, North Dakota Gov, Union, Biden Locations: Mexico, Ukraine, Israel, Virginia, Philadelphia, Trump, “ State

☆ Levi’s under fire after supplier laid off hundreds of workers in Turkey
▼ + stars: | 2024-06-26 | by ( Scott Mclean | ) edition.cnn.com time to read: +10 min

Ozak Tekstil told CNN it had terminated the workers “as a last resort” when they declined an invitation to return to work. If it refused, “we will be forced to take the appropriate next steps to uphold workers’ rights,” Levi’s wrote. It did not reinstate all of the fired workers. Inside the Ozak Tekstil factory in Sanliurfa, Turkey, in December 2023. The Ozak Tekstil factory in Sanliurfa, Turkey, in December 2023.

Persons: “, Levi’s, LEVI, Ozak Tekstil, Zara, Hugo Boss, Guess, Ralph Lauren, Seher Gulel, Gulel, ”, Sen, Tekstil, Levi Strauss, Justin Sullivan, ” Gulel, enshrines, Sen didn’t, unionize, ” Ozak Tekstil, ” Levi’s, Scott Nova, ” Nova, “ Ozak, Carolin Westermann, Funda Bakis, CNN Bakis, Bakis, ” Bakis, Tanem Zaman, Eyad Kourdi, Brice Laine Organizations: Istanbul CNN —, ’ Association, Worker Rights Consortium, CNN, Birtek, WRC, Ozak Locations: Istanbul, Turkey, Turkey’s Sanliurfa, San Francisco , California, Sanliurfa

☆ Abu Dhabi wants to be an AI leader. Aligning with the US is just the start
▼ + stars: | 2024-06-26 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

CNN —The world’s first minister dedicated to developing artificial intelligence (AI) strategy is already becoming embroiled in a global power struggle for tech supremacy. The UAE is one of the world’s largest producers of fossil fuels, and Abu Dhabi sees its AI push as crucial for diversifying away from oil. Christopher Pike/Bloomberg/Getty ImagesWashington has also limited the sale of sophisticated US chips to ensure China doesn’t use Middle Eastern nations as a back door to access the newest AI technology, according to Reuters. By opening up the technology, Abu Dhabi is positioning itself as an ally to developing nations that don’t have the resources to build their own AI tools. In March, a report commissioned by the US State Department warned that the most advanced AI systems could, in a worst-case scenario, “pose an extinction-level threat to the human species.”Olama has some specific concerns.

Persons: Biden, Omar Al Olama, “, Zayed Al Nahyan, Abu Dhabi, ”, ” Olama, Al Olama, ’ ”, Christopher Pike, Olama, Abu Dhabi’s, ” James Lewis, Abu Dhabi’s Mohamed bin, Gifty Sahany, Lewis, ” He’s Organizations: CNN, Microsoft, United Arab Emirates, UAE, PwC, Commerce Department, Huawei, Etihad, United, Bloomberg, Getty, Washington, Reuters, Nvidia, Apple, Technology Innovation Institute, Google, Center for Strategic, International Studies, Washington DC, University of Artificial Intelligence, Systems, US State Department Locations: Abu Dhabi, UAE, China, United States, Dubai, Gulf, United Arab Emirates, Beijing, Washington, University, Valley

The allegations provide a window into the scale and force of this Israeli operation to free hostages taken during the attack on Israel last October. The UN human rights office (OHCHR) warned that Israeli forces and Palestinian armed groups may have committed war crimes through their actions. CNNMohammad told CNN that before the Israeli forces withdrew, they threatened to shoot his relatives, after which he heard gunshots. “I called the ambulance, but they said they cannot come because the area is dangerous,” Mohammad told CNN. Palestinians inspect the damage a day after Israeli forces launched an operation to rescue four hostages, in Nuseirat, central Gaza, on June 9.

Persons: fleck, Abdel Miqdad shudders, Yamen, “, ”, Jeremy Laurence, ” Israel, ‘, Mohammad, –, ” Mohammad, Rasha, ” Rasha Abdel Miqdad, Zain, Abdul Raouf, Ahmad, ” Ahmad, CNN Mohammad, ’ ” Mohammad, Richard Weir, Trevor Ball, Weir, Eyad Baba, clamor, Médecins, Karin Huster, Maryame El Abbassi, Mumen, Khan Younis, ” Mumen Organizations: CNN, ” CNN, Israel Defense Forces, Israeli Paratroopers Reconnaissance Battalion, Health, UN, IDF, Flames, Artillery, “, IMI, Military Industries, Human Rights Watch, US Army, Awda, Aqsa Martyrs Hospital, Nasser Hospital, Getty, Humanitarian Affairs Locations: Gaza, Israel, Rafah, Nuseirat, ‘, Al, Aqsa, AFP, Khan

☆ Nvidia's moat will be tested by a potential AI chip IPO
▼ + stars: | 2024-06-26 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

Cerebras Systems, a startup trying to challenge Nvidia on the AI chip battlefield, is reportedly headed for an IPO toward the end of 2024. This is one of the primary elements holding back even some AWS customers from using Amazon's AI chips. But, most AI developers must go through gnarly work to change their software if they want to change their hardware. His startup Vimaan is building tech for a future "dark warehouse" that requires no humans to operate. Advertisement"Am I gonna take a chance to switch out a whole infrastructure that we've built on the Nvidia platform?"

Persons: —, Lior Susan, Susan, CUDA, Thomvest, they're, He's, Padval, Jensen Huang, Thomas Sohmers, Ganapathi, Vimaan, Pavdal Organizations: Service, Cerebras Systems, Nvidia, Eclipse Ventures, Business, CUDA, NVIDIA CUDA, AMD, Qualcomm, Google, Intel, UXL Foundation, Amazon's Industrial Innovation Fund Locations: CUDA

☆ Bosses are using 'silent lay-offs' and 'quiet firing' to get rid of employees. It could backfire.
▼ + stars: | 2024-06-26 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

But the latest workplace trends — "silent layoffs" and "quiet firing" — could be the most harmful to date. Silent layoffs occur when a company provides staff with severance packages but asks them to keep quiet about the details of their exit. Amit Rawal, a management lecturer at City University of London's Bayes Business School, told BI that silent layoffs have become "increasingly popular across larger corporations." Related storiesThe goal of silent layoffs is likely to minimize the amount of negative traction the company receives. Advertisement'A PR disaster waiting to happen'Experts told BI that quietly getting rid of employees could easily backfire when employees opt to fight back and speak out.

Persons: —, PwC, Mohamed Kande, Amit Rawal, Eloise Skinner, it's, Skinner, Lucas Botzen, Suzanne Horne, Paul Hasting, Evan Nierman, Banyan, Dan Buckley, Buckley, Nierman, Horne Organizations: Service, Business, Financial Times, PwC Global Network, Europa Press, City University, London's Bayes Business, National Labor Relations, CNN, National Labor Relations Board, Dell, Workers, Amazon, BBC

☆ The Nvidia spell has been broken. Here’s what could come next
▼ + stars: | 2024-06-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

London CNN —Nvidia, Nvidia, Nvidia. Nvidia’s stock bounced back Tuesday, yet investors have been reminded of a potentially bubble-bursting truth: You can fly too close to the sun. For context, it took Warren Buffett about 60 years to build Berkshire Hathaway into a nearly trillion dollar company. But typical volatility can have seismic repercussions when it comes to a stock as all-consuming as Nvidia. Analysts at The Carlyle Group say that while artificial intelligence is revolutionizing the world around us, the Nvidia stock bubble will eventually burst.

Persons: Warren Buffett, Berkshire Hathaway, Microsoft’s, ”, Jim Smigiel, Louis Navellier, Nvidia’s, ” Jochen Stanzl, Emily Bowersock Hill, Jason Thomas, Carlyle’s, ” Neil Roarty, Stocklytics, —, Levi’s, “, LEVI, ” Read, Ryan Callahan, ” Callahan, CDK, Tom McParland Organizations: CNN Business, Bell, London CNN, Nvidia, Berkshire, Deutsche Bank, SEI, Navellier, Associates, CMC, CNN, Bowersock Capital Partners, The Carlyle Group, ’ Association, Mazda, North America, Automatic Consulting Locations: London, Turkey, Istanbul, Seekonk , Massachusetts

☆ Election Updates: J.D. Vance says he’ll be disappointed if Trump doesn’t pick him as his running mate.
▼ + stars: | 2024-06-26 | by ( Michael C. Bender | ) www.nytimes.com time to read: +9 min

And AIPAC’s attacks have galvanized a concerted countercampaign by the left to try to discredit the group, which is bipartisan, among Democratic voters. Mr. Latimer ran up large margins in more moderate suburban communities, including ones with sizable Jewish populations. Mr. Bowman’s opponents churned out an unusually large amount of opposition research against him, including old blog posts dabbling in Sept. 11 conspiracy theories. Mr. Latimer returned to the episode repeatedly to argue that Mr. “He’s making the party look really bad,” said Sandra Altman, citing Mr. Bowman’s fire alarm episode and his left-leaning views, as she voted for Mr. Latimer in Scarsdale.

Persons: Jamaal Bowman, ”, Bowman, George Latimer, Dave Sanders, Israel, Marshall Wittmann, Bernie Sanders, Alexandria Ocasio, Cortez, Gregg Vigliotti, Bernie Sanders of, Ayanna Pressley, ’, Latimer, Cori Bush, Biden, “, Bowman’s, Stephen Colbert, Cash Cobain, Ocasio, Sanders, Reagan, Paul Feiner, “ I’ve, he’s, ” Marsha Gordon, Ms, Gordon, “ Jamaal Bowman, Sandra Altman, “ He’s, ” Molly Longman Organizations: Democratic, Israel, Westchester County, AIPAC, The New York Times, American Israel Public Affairs Committee, ., The New York Times Left, Justice Democrats, Cortez of New York, Bernie Sanders of Vermont, Massachusetts, Jewish, Democratic Party, Mr Locations: York, New York City, Gaza, Westchester, Israel, New York, Bronx, Cortez of New, Mount Vernon, Missouri, Yonkers, Latimer, Scarsdale, “, N.Y

☆ ‘Deeply concerned.’ 16 Nobel economists sound the alarm on Trump and inflation
▼ + stars: | 2024-06-26 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

Yet 16 Nobel Prize-winning economists are warning that Trump’s proposals wouldn’t just fail to fix inflation — they would make matters worse. “We the undersigned are deeply concerned about the risks of a second Trump administration for the US economy,” the economists wrote in the Tuesday letter, which was first reported by Axios. The letter, organized by famed economist Joseph Stiglitz, argued there are valid reasons to worry the Trump agenda will “reignite” inflation. Republican presidential candidate former President Donald Trump speaks at the Road to Majority conference in Washington, Saturday, June 22, 2024. Jae C. Hong/Pool/APIn the letter, the 16 Nobel economists expressed concern about the rule of law and stability if Trump wins the White House again.

Persons: Donald Trump, Trump, Axios, Joseph Stiglitz, Trump’s, Manuel Balce Ceneta, Joe Biden, ”, Stiglitz, —, Biden, Jae C, “ Donald Trump, Robert Shiller, Paul Romer, George Akerlof, Janet Yellen, Biden’s, Joe, Donald Trump’s, ” Karoline Leavitt, don’t, Harry Enten, Moody’s Organizations: CNN, Peterson Institute, Oxford Economics, Allianz, Republican, AP Trump, Congressional, Federal Reserve, Trump, World Bank, Biden, ABC, Voters Locations: Washington, China, U.S, Mexico, Nogales, Ariz

☆ Gold prices muted with U.S. inflation data in focus
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: +2 min

Gold prices steadied on Thursday as investors digested comments from Federal Reserve Governor Christopher Waller on interest rate cuts and looked forward to more U.S. economic data for policy clues. Gold prices were subdued on Wednesday ahead of crucial U.S. inflation data due this week, which could offer more clarity on the timing of the Federal Reserve's first interest rate cut this year. Meanwhile, Fed Governor Lisa Cook said "at some point" it will be time to cut interest rates. "Dips in the gold price remain relatively shallow courtesy of buyers stepping in from the sidelines on price retreats," Tim Waterer, chief market analyst at KCM Trade, said in a note. Waterer added that the $2,368 level would need to be breached for gold to surpass the highs from last week.

Persons: Christopher Waller, Yeap Jun Rong, Michelle Bowman, Lisa Cook, IG's, Rong, Tim Waterer, Waterer Organizations: Federal Reserve, Federal, Fed, U.S, KCM Locations: U.S

☆ Shohei Ohtani becomes first LA Dodgers player since 1955 with nine straight games with an RBI
▼ + stars: | 2024-06-26 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

Ohtani would later add an RBI single in the fourth inning, going 2-for-4 with two runs total in the game, as the Dodgers won their 50th of the season. “I don’t know what more we can really say about him,” Dodgers first baseman Freddie Freeman said of Ohtani, per the MLB. “I think we’ve said everything we can since he’s entered this league about what an amazing player he is. As a result, he’s already the favorite to win NL MVP midway through his first season with the franchise. He is serving as a designated hitter in 2024 after undergoing elbow surgery and will not pitch until 2025.

Persons: Shohei Ohtani, Roy Campanella, Ohtani, “, ” Ohtani, Will Ireton, Clayton, McCullough, Campanella, Augie Galan, Eddie Brown, ”, Freddie Freeman, he’s, you’ve Organizations: CNN, Los, Los Angeles Dodger, National League, Chicago White Sox, Dodger, MLB, Dodgers, ” Dodgers, NL Locations: Los Angeles

☆ Masimo activist Politan presents 'last chance' for shareholders to force change at med-tech company
▼ + stars: | 2024-06-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +7 min

Led by Quentin Koffey, Politan has nominated two further directors to the company's board, and says that without their election, management will continue to operate without oversight. "This is shareholders' last chance at meaningful change," Politan wrote in a letter to Masimo shareholders on Wednesday, laying out its case to investors ahead of the meeting. But governance improvements have fallen short of what shareholders deserve, Koffey wrote in the letter, noting that Masimo's board "does not review, approve or see a budget." Masimo took aggressive steps to fend off Politan, introducing bylaws to force the firm to reveal its shareholder list. "For more than two years, Politan has navigated unprecedented impediments thrown up by Masimo's board," the activist said.

Persons: MASI, Joe Kiani, Manjunath Kiran, Quentin Koffey, Politan, Masimo, Koffey, Michelle Brennan, Darlene Solomon, Bill Jellison, Stryker, it's, Kiani, Wilkins, Denon, Mario Tama, haven't, Russell, management's Organizations: Getty, Politan Capital Management, CNBC, Apple Watch, Sound United, Bowers, Sound, Shareholders Locations: Bangalore, Jan, Delaware, Caribbean, Irvine , California

☆ Luxury air travel is on the rise. Experts say you don't have to be rich to experience it.
▼ + stars: | 2024-06-26 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

Travel experts told Business Insider they had noticed an uptick in clients opting for luxury air travel experiences, from private jets to first-class and premium-class plane tickets. Oliver Bell, cofounder of luxury travel company Oliver's Travels, said this trend could be partly attributed to "revenge travel," where people are "willing to spend more for incredible experiences" in the aftermath of the pandemic. AdvertisementBut you don't have to be flushed with cash to experience luxury air travel. "A lot of people assume that flying private is only for the rich and famous, the Elon Musk's of the world," Bell said. For example, Surf Air is an LA-based private jet company that offers unlimited private flying memberships for $295 per month or $3,540 annually.

Persons: —, Oliver Bell, Bell, Elon, BI's Alesandra Dubin, Dubin, David Guthrie, it's, George Rose, Martina Coogan, Coogan, Guthrie Organizations: Service, Business, Forbes, Airlines, KLM, United, United Airlines, Delta's Locations: West Coast and Texas, LA, Vegas, Delta, Ireland

☆ Judy Garland and ‘The Trolley Song’: Why an 80-year-old performance speaks to today’s LGBTQ community
▼ + stars: | 2024-06-26 | by ( Scottie Andrew | Sydney Bishop | ) edition.cnn.com time to read: +9 min

“The Trolley Song,” a second-act standout from the 1944 movie musical “Meet Me in St. Louis,” was sung by Judy Garland in striking Technicolor. And yet it has found new life online nearly 80 years later as an unlikely anthem for LGBTQ Pride. “Happy pride month (sic) to Judy Garland in the trolley song. Kelleher likened it to Cher’s 1998 autotune fantasia “Believe” but “somehow even more gay.”Like Cher’s hit, “The Trolley Song” is dripping in artifice. “The Trolley Song” has been adopted by LGBTQ people since Garland first started singing it in concert.

Persons: ”, Louis, Judy Garland, Sabrina Carpenter’s, Oz, Dave Karger, Patrick Kelleher, Garland, ” Kelleher, “, huff, Esther Smith, ‘, clang ’, ’, zing ’, Paige Turner, … ” Turner, ” Paige Turner, Turner, Kelleher, Louis ”, Manuel Betancourt, “ Judy, Rufus Wainwright, –, Judy, Rufus, Wainwright, ” Wainwright, Garland’s, ” Karger, Dee Michel, Dorothy, ’ ”, Michel, ” Michel, Jim Bailey, Princess Diana, King Charles, Liza Minnelli, It’s, ” Turner, “ Gay Organizations: CNN, LGBTQ, Turner, TCM, Warner Bros ., Pride, Broadway, Carnegie Hall, Capitol Studios, Gay Boys Locations: St, Ireland, Missouri, New York, London, Los Angeles

☆ The S&P 500 could crater 48% when the stock-market bubble pops and recession finally hits, elite strategist says
▼ + stars: | 2024-06-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The S&P 500 could crash 48% when the bubble in stocks pops and a recession hits, Paul Dietrich said. The elite strategist pointed to a massively overvalued market and cracks in the economy. AdvertisementThe S&P 500 could be cut in half when the stock-market bubble pops and the US economy sinks into recession, Paul Dietrich says. He attributed that to institutional investors buying the haven asset as they expect a "major correction or stock market crash due to our wildly overvalued stock market and a slowing underling economy." The Wall Street veteran is one of several top forecasters predicting pain for stocks and a recession ahead.

Persons: Paul Dietrich, Dietrich, —, Riley Wealth, Warren Organizations: Service, Microsoft, Nvidia, Federal Reserve, Wall

☆ NYC shuttered 80% of its Airbnbs in an attempt to make housing more affordable. All that's done so far is make hotels more expensive.
▼ + stars: | 2024-06-26 | by ( Eliza Relman | Dan Latu | ) www.businessinsider.com time to read: +8 min

Read previewLast September, New York City began enforcing its strict new regulations on short-term rentals. Since then, the number of legal short-term rentals listed on Airbnb and other platforms has plummeted. Impacts of the near-banLL18 was motivated by the city's housing affordability crisis, caused in large part by a severe housing shortage. Short-term rentals, including Airbnbs, can take homes that would otherwise be lived in full-time off the market, potentially exacerbating the housing shortage. But there's some evidence, including from Irvine, California, that restricting short-term rentals can reduce rents.

Persons: —, it's, Jamie Lane, Lane, hasn't, Klossner, LL18, Eric Adams, TIMOTHY A, CLARY, Scott Stringer, Airbnb, It's, Nathan Rotman Organizations: Service, Business, Mayor's, Criminal, Special, York City, Hotel, Former, Big Apple, New Locations: New York City, New, York, Irvine , California, New York

☆ A Development in the U.S. Labor Movement
▼ + stars: | 2024-06-26 | by ( Noam Scheiber | ) www.nytimes.com time to read: +1 min

Labor unions have won some big victories in the past few years, including in the auto industry and Hollywood. But if organized labor is going to have a true resurgence in the United States, it can’t simply win raises for workers it already represents. Even after workers win a union election, companies often drag their feet when bargaining a contract. If years pass with little or no progress, union supporters may get demoralized and leave, causing the union to unravel. By contrast, a contract could encourage workers to unionize across Starbucks and other food and beverage chains, which are part of an industry that is overwhelmingly nonunion.

Persons: can’t Organizations: Labor, Hollywood, Starbucks Locations: United States

☆ Here are Wednesday's biggest analyst calls: Nvidia, Amazon, Alphabet, FedEx, Tesla, Caterpillar, Shopify, Disney & more
▼ + stars: | 2024-06-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Wednesday: Stifel initiates Tesla at buy Stifel said it's bullish on Tesla for the long term. JPMorgan upgrades FedEx to overweight from neutral JPMorgan upgraded the shipping giant following earnings on Tuesday. Jefferies reiterates Alphabet as buy Jefferies said its survey checks show Alphabet is top of mind for consumers when it comes to AI. Citi reiterates Nvidia as buy Citi raised its price target on Nvidia to $150 per share from $126. Morgan Stanley downgrades Accenture to equal weight from overweight Morgan Stanley said shares of the IT company are "no longer" attractive.

Persons: Tesla, Stifel, it's, Piper Sandler, Piper, Goldman Sachs, Goldman, Mark Clouse, Carrie Anderson, Rebecca Gardy, Wolfe, HOOD, Warnick, Shopify, Rosenblatt, Nike's, Morgan Stanley, Jefferies, GOOGL, Stephens, Wells, BTIG, Northrop, Rivian, Piper Sandler downgrades Aptiv Organizations: JPMorgan, FedEx, Campbell, Barclays, Nu Holdings, BMO, Steel, Nippon, US Steel, X, Digital Realty, Citi, U.S, Caterpillar, Apple, Apple Intelligence, Android, UBS, Nike, Nvidia, Davidson, Home, Bank of America, " Bank of America, shipper, UPS, Cruises, Northrop Grumman, VW, JV, Accenture Locations: 1Q24, Mexico, Brazil, China, Houston, U.S, Rivian

☆ Wall Street strategists see limited gains for the rest of year after big first half
▼ + stars: | 2024-06-26 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

There may not be much upside left this year in the S & P 500, at least according to the paid seers on Wall Street. The S & P 500 is up 15% so far in 2024, while the Nasdaq has added 18%. .SPX YTD mountain S & P 500 In fact, the S & P 500 is anticipated to stall even with a flurry of strategists recently upping their targets. Similarly, Evercore ISI's Julian Emanuel anticipates the S & P 500 could end the year at 6,000 , the highest forecast in CNBC's survey. By year end, Lakos-Bujas anticipates the S & P 500 will fall to 4,200, or a more than 20% plunge.

Persons: Goldman Sachs, David J, Kostin, Evercore ISI's Julian Emanuel, buybacks, Russell, Piper Sandler, Dubravko Lakos, Bujas Organizations: Nasdaq, CNBC PRO, Deutsche Bank, Tech, Microsoft, Dow Jones, Nvidia

Search resuls for: "Will"

25 mentions found