DIRS.INFO The most relevant business & tech news

☆ A pair of cruise passengers were arrested after authorities searched their luggage and found 112 bags of marijuana
▼ + stars: | 2024-01-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Two people on a Norwegian Cruise Line ship were found with 112 bags of marijuana, an affidavit says. One said she'd only met the other at the ship's bar, but both had 56 bags, per the court document. AdvertisementTwo passengers on a cruise from Miami to the UK were found to be carrying over 100 bags of marijuana, a Department of Homeland Security affidavit says. In a statement to USA Today, a Norwegian Cruise Line spokesperson said: "The safety and security of our guests is, as always, our top priority. As such, Norwegian Cruise Line reserves the right to confiscate any items on the Prohibited Items List, and may notify authorities when necessary."

Persons: she'd, —, Michael Quesenberry, Savannah Rose Minami, Quesenberry, Minami Organizations: Norwegian Cruise, Service, Department of Homeland, DHS, Norwegian Cruise Line, Cruise Line Locations: Norwegian, Miami, Savannah, United States, England

☆ We're calling up a health care stock from our Bullpen watch list, starting a new position
▼ + stars: | 2024-01-29 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Shortly after the opening bell, we're initiating a position in Abbott Laboratories (ABT), buying 275 shares at roughly $112 each. The way Abbott's stock has traded, it's acted like GLP-1s were a cure and people would no longer need these devices. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer's, Abbott, Novo's, it's, Eli Lilly, we're, We're, Alinity, Abbott isn't, Jim Cramer, Jim Organizations: Abbott Laboratories, ABT, Jim Cramer's Charitable, Abbott, Novo Nordisk, Nutrition, JPMorgan, Pharmaceuticals, Core, GLP, Diagnostics, CNBC Locations: United States, LLY

SAN ANTONIO (AP) — A bat descended on the court and delayed play after Victor Wembanyama made a 3-pointer two minutes into the San Antonio Spurs' 113-112 victory over the Minnesota Timberwolves on Saturday night. The Spurs’ mascot, The Coyote, captured the bat with a net after numerous failed attempts, much to the delight of Wembanyama and Spurs teammate Jeremy Sochan. The Coyote previously corralled two bats, while former Spurs star Manu Ginobili swatted another to the court with his bare hand in November 2009. The Spurs scattered each time the bat buzzed the court, except for Sochan, who Popovich had to pull back at one point. ”Political Cartoons View All 253 ImagesWembanyama went on to score nine points over the next two minutes.

Persons: Victor Wembanyama, Wembanyama, Jeremy Sochan, Manu Ginobili swatted, Popovich, Keldon Johnson, “, ” Johnson, ___ Organizations: ANTONIO, San Antonio Spurs, Minnesota Timberwolves, Spurs

COLUMBIA, South Carolina (AP) — Bidding to salvage a border deal in Congress that also would unlock money for Ukraine, President Joe Biden offered fresh assurances Saturday night that he would be willing to close the U.S.-Mexico border if lawmakers would only send him a bill to sign. Biden — also eager to disarm GOP criticism of his handling of migration at the border — said at a political event in South Carolina that he would shut down the border ’“right now” if Congress passed the proposed deal. “It’ll also give me as president, the emergency authority to shut down the border until it could get back under control. If that bill were the law today, I’d shut down the border right now and fix it quickly.”The deal being negotiated in Congress would require the U.S. to shutter the border if roughly 5,000 migrants cross illegally on any given day. Political Cartoons View All 253 ImagesIn a written statement on Friday evening, Biden said the deal would allow him “a new emergency authority” to close the border.

Persons: Joe Biden, Biden —, “, Biden, “ It’ll, I’d, Donald Trump, He's, Trump’s admonitions, Deirdre Schifeling, ”, Mike Johnson, Guatemalans, ___ Long Organizations: COLUMBIA, Senate Democrats, Republicans, GOP, America, Biden, House, Democratic, “, American Civil Liberties Union, Border Patrol, Hondurans Locations: South Carolina, Ukraine, U.S, Mexico, Venezuela, Washington

Jonathan Kuminga made all 11 of his shots on the way to 25 points as seven Warriors scored in double figures. Two injured Warriors, Chris Paul and Gary Payton II, wore their jerseys with Milojević on the back all game. Political Cartoons View All 253 ImagesTwo members of the Hawks were right next to Kerr as the Warriors coach spoke of Milojević’s profound impact on every person he encountered. Hawks assistant coach Igor Kokoskov was the Serbian national team coach and hired Milojević onto his staff. Bogdanovic scored 17 points with four 3-pointers, while Dejounte Murray led the way with 23 points in the Hawks' third straight loss.

Persons: — Stephen Curry, Klay Thompson, Dejan Milojević, “, Jonathan Kuminga, Milojević, Chris Paul, Gary Payton II, Steve Kerr, Kerr, Bogdan Bogdanovic, Igor Kokoskov, Bogdanovic, Dejounte Murray, Curry, Thompson, Draymond, ___ Organizations: FRANCISCO, Golden State Warriors, Atlanta Hawks, Warriors, Serbian, Chase Center, Hawks, Milojević’s, Partizan team, Serbian national, The Warriors, Spurs, Mavericks Locations: Salt Lake City, Atlanta, Belgrade, Elias

☆ The housing market capped off its worst year of sales since 1995. Here's how affordability, inventory, and demographics have changed in 3 decades.
▼ + stars: | 2024-01-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Read previewHigh mortgage rates, lofty prices, and low inventory kept the US housing largely frozen in 2023, and home sales slumped to their lowest mark since 1995. Current owners have been reluctant to move off lower mortgage rates secured in prior years, stifling both buying and selling activity. AdvertisementAnd it's worth noting that even as mortgage rates in both years hovered around 7%, affordability has still worsened by a significant margin. NAR deputy chief economist Jessica Lautz highlighted in a note Monday that incomes have less power today compared to decades ago, as reflected in the real estate group's Housing Affordability Index. National Association of Realtors"All these factors have changed dramatically with limited housing inventory and the continual rise in home prices," she continued.

Persons: —, it's, hasn't, Jessica Lautz, Lautz, Zillow, Redfin Organizations: Service, Business, National Association of Realtors, NAR, National Association of Home Builders

☆ A lack of employee engagement at work could cost the economy nearly $2 trillion
▼ + stars: | 2024-01-23 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Employees who aren't engaged at work may cost the economy $1.9 trillion, according to Gallup. Workers feel increasingly disconnected from their workplaces and feel their expectations are unclear. AdvertisementA lack of employee engagement at work may cost the economy nearly $2 trillion as workers are dealing with unclear expectations, weak connections to their companies, and lower satisfaction levels. This comes as the proportion of employees in hybrid and remote positions stabilizes, as 52% of those in remote-ready jobs work hybrid. These include discussions about employee strengths and goals, opportunities for collaboration, and how employees' work impacts the larger organization.

Persons: aren't, —, they're, Jim Harter, Harter, midyear, Gallup, " Harter Organizations: Gallup, Workers, Service, Employees

ROME (AP) — A Vatican-affiliated Catholic charity made a last-minute appeal Tuesday to the U.S. state of Alabama to halt a planned execution using nitrogen gas, saying the method is “barbarous" and “uncivilized” and would bring “indelible shame” to the state. The Rome-based Sant’Egidio Community has lobbied for decades to abolish the death penalty around the world. It has turned its attention to Thursday's scheduled execution of Kenneth Eugene Smith in what would be the first U.S. execution using nitrogen hypoxia. Marazziti noted that around the world, the trend has been to abolish the death penalty. Pope Francis in 2018 declared the death penalty inadmissable in all cases.

Persons: ”, Kenneth Eugene Smith, Smith, ” Mario Marazziti, general’s, Kay Ivey, Marazziti, Pope Francis Organizations: ROME, Catholic, Alabama Gov, Amnesty International, Amnesty, Alabama Locations: ., Alabama, Rome, Europe, Sant’Egidio, China, Iran, Saudi Arabia, Egypt, United States

☆ Three Killed in Helicopter Skiing Crash in British Columbia
▼ + stars: | 2024-01-23 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - At least three people were killed on Monday in the crash of a helicopter carrying a group of recreational skiers on an outing in British Columbia, the tour operator said in a statement. The chopper went down near Terrace, a town of about 12,000 residents in the Skeena region of west-central British Columbia about 70 miles (112 km) east of the Alaska border, according to Northern Escape Heli-Skiing. The British Columbia Emergency Health Services reported separately that four people injured in the crash and treated by paramedics at the scene were taken to Mills Memorial Hospital in Terrace in critical condition. It was left unclear whether any of those initially hospitalized were among the victims later listed as deceased by the tour operator, whose website promotes trips featuring "big mountain, backcountry skiing at its finest." There was no official word on the cause or circumstances surrounding the crash, which occurred at about 4 p.m. local time.

Persons: Tamara Little, Steve Gorman, Michael Perry Organizations: Reuters, British Columbia Emergency Health Services, Mills Memorial Hospital Locations: British Columbia, Terrace, Skeena, Alaska, British, Mills, Los Angeles

☆ The S&P 500 set a new record high. How our current Club stocks have fared since the last one
▼ + stars: | 2024-01-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +4 min

The Dow Jones Industrial Average set its first record close since January 2022 in December and ended Friday's session at a record high above 37,800. The Nasdaq, on the other hand, ended Friday at 15,310.97 — meaning it needs to rally about 5% more to take out its Nov. 19, 2021 record high. It is worth noting that the Nasdaq 100 , which is weighed more heavily in Big Tech, did close at another record high Friday. Quite a bit has happened on Wall Street since the S & P 500's old high in January 2022. Take a look below to see how 31 of our 32 current Club stocks have fared between the S & P 500's record closes.

Persons: Eli Lilly, Jim Cramer, tirzepatide, Tirzepatide, Lilly, —, Eaton, we've, it's, Jim Cramer's, Jim, Spencer Platt Organizations: Nvidia, Palo Alto Networks, Palo, Dow Jones, Nasdaq, Big Tech, Federal Reserve, GE Healthcare, Abbott Labs, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Palo, Palo Alto, Covid, New York City

☆ How much TikTok pays employees in the US, from data scientists to software engineers, according to salary data
▼ + stars: | 2024-01-19 | by ( Ashley Rodriguez | Dan Whateley | ) www.businessinsider.com time to read: +109 min

Some examples of salary offers for corporate functions include:AdvertisementAccountant, Expense Management : $73,000: $73,000 HR Business Partner : $127,680 median; ranging from $90,000 to $182,880: $127,680 median; ranging from $90,000 to $182,880 HR Specialist: $114,000 median; ranging from $85,000 to $170,000DesignEmployees on the design team "shape the visual representation" of TikTok's products and business, creating "unique designs that are not just visually appealing, but also express the aesthetic of our brand," the company wrote. : $320,000: $320,000 Android Software Engineer, TikTok Monetization : $210,000: $210,000 Android Software Engineer, TikTok Privacy : $190,000: $190,000 Android Software Engineer, TikTok Social : $126,640 median; ranging from $65,000 to $288,000: $126,640 median; ranging from $65,000 to $288,000 Android Software Engineer, TikTok User Growth : $227,000 median; ranging from $221,000 to $233,000: $227,000 median; ranging from $221,000 to $233,000 Applied Machine Learning Engineer : $273,340 median; ranging from $180,000 to $306,000: $273,340 median; ranging from $180,000 to $306,000 Applied Machine Learning Engineer, Recommendation : $190,000: $190,000 AR Effects Interactive Engineer : $125,000: $125,000 AR Software Engineer : $125,000: $125,000 Audio Engineer : $75,000: $75,000 Backend Engineer : $128,000: $128,000 Backend Engineer, Ads Platform : $172,000 median; ranging from $125,000 to $240,000: $172,000 median; ranging from $125,000 to $240,000 Backend Engineer, Content Ecosystem : $222,360: $222,360 Backend Engineer, Lark Innovation : $160,000: $160,000 Backend Engineer, Machine Learning : $157,680 median; ranging from $157,680 to $175,000: $157,680 median; ranging from $157,680 to $175,000 Backend Engineer, Risk Systems : $295,000 median; ranging from $150,000 to $320,000: $295,000 median; ranging from $150,000 to $320,000 Backend Engineer, TikTok Ads Creative and Ecosystem : $250,000: $250,000 Backend Engineer, TikTok Ads Creativity and Ecosystem : $207,500 median; ranging from $175,000 to $240,000: $207,500 median; ranging from $175,000 to $240,000 Backend Engineer, TikTok Eng. : $220,000 median; ranging from $160,000 to $285,000 0 #NUM! Software Engineer, Computer Vision : $165,000 median; ranging from $165,000 to $200,000: $165,000 median; ranging from $165,000 to $200,000 Software Engineer, Computer Vision, Intelligent Creation : $200,000 median; ranging from $200,000 to $265,000: $200,000 median; ranging from $200,000 to $265,000 Software Engineer, Core Services : $204,000 median; ranging from $125,000 to $244,680: $204,000 median; ranging from $125,000 to $244,680 Software Engineer, Core Service, Application Security : $129,680: $129,680 Software Engineer, CRM : $175,000 median; ranging from $125,000 to $300,555: $175,000 median; ranging from $125,000 to $300,555 Software Engineer, Data Access Team : $230,000: $230,000 Software Engineer, Data Mining : $169,680: $169,680 Software Engineer, Data Mining USDS : $182,400: $182,400 Software Engineer, Data Platform : $186,000 median; ranging from $170,000 to $216,880: $186,000 median; ranging from $170,000 to $216,880 Software Engineer, Data Security and Compliance : $180,000: $180,000 Software Engineer, Database Kernel Development : $130,000 median; ranging from $128,000 to $220,000: $130,000 median; ranging from $128,000 to $220,000 Software Engineer, Distributed Storage System : $285,000 median; ranging from $180,000 to $285,000: $285,000 median; ranging from $180,000 to $285,000 Software Engineer, Engineering Productivity : $195,000: $195,000 Software Engineer, Front-End : $147,000: $147,000 Software Engineer, Front-End, Ads Technology : $125,000: $125,000 Software Engineer, Full Stack : $180,000: $180,000 Software Engineer, Full Stack, Ads Technology : $147,500 median; ranging from $125,000 to $170,000: $147,500 median; ranging from $125,000 to $170,000 Software Engineer, Full Stack, E-Commerce Engineering and Architecture : $205,000: $205,000 Software Engineer, Full Stack, Vertical Solutions : $220,000: $220,000 Software Engineer, Global E-Commerce Customer Business : $195,000 median; ranging from $133,240 to $225,000: $195,000 median; ranging from $133,240 to $225,000 Software Engineer, Global Payment : $161,000 median; ranging from $155,000 to $215,000: $161,000 median; ranging from $155,000 to $215,000 Software Engineer, Gov. and Experience, TikTok E-Commerce : $241,540 median; ranging from $219,680 to $263,400: $241,540 median; ranging from $219,680 to $263,400 Software Engineer, GPU Management : $128,000 $128,000 $128,000 0 #NUM!

Persons: —, It's, TikTok, it's, ByteDance, TikTok Eng, Tiktok Organizations: Service, Business, US, of Foreign Labor, Live, US Data Security, Security, US Department of Labor, Corporate, Employees, TikTok, Tech, Commerce, Marketing, Staff, Trust, Safety, Brand, Android Software, Computer, Global Agency Relations, Global Security Technology, Infrastructure Engineering, Android, Machine, Interactive, Systems, Data Systems, Engineer, Commerce Data Intelligence, Commerce Logistics, Chain, Logistics, Media, US Tech Services, Big, Business Intelligence, Protection, Network Security, Business Systems, Cash, Cloud, Networking Software, Public, Tech Service, Technology, Technology Systems, Infrastructure, Network Business, NA, Defense, US Tech Service, Analytics, Research, Mining, Solutions, Tech Services, Pico, Forensics, Development, Control, Financial, CRM, Global, Learning, Traffic, TCMS, Communications, Graphics, Monetization Technology, Management, Products, Resources, IDC Logistics, DevOps, IOS, GNE Global, Software, Procurement, Commerce Global, Strategic, Global Business, Merchant, Mobile Security, Mobile Software, Multimedia Research, Regional, Sound Engineering, Professional Services, Community, Relations, Real, Commerce Trading, Creative, Enterprise, Virtual Network, Storage, Data Security, Smart, Finance, ML Systems, Cloud Infrastructure, TikTok US Tech Services, Monetization Tech, Learning Systems, Core Services, Core Service, Data Mining, Engineering, Commerce Engineering, Mobile, Revenue Management Locations: ByteDance, TikTok, TikTok Commerce, America, Mexico, Americas, Commerce

☆ Thailand sentences man to record 50 years in prison for insulting the monarchy
▼ + stars: | 2024-01-19 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

Sentences for those convicted under Section 112 of Thailand’s Criminal Code, or lese majeste law, can be decades long and hundreds of people have been prosecuted in recent years. A criminal court found him guilty of 14 violations of lese majeste and sentenced him in January 2023 to 28 years. At least 262 people have been charged with lese majeste during that time, the group added. Thailand’s lese majeste prosecutions continue despite a civilian government now being in power, following almost a decade of military-backed rule. The verdicts include a decision by the Constitutional Court on whether Pita sought to overthrow the monarchy through his election campaign to amend the lese majeste law.

Persons: Mongkol Thirakhot, Chiang Rai, ”, majeste, TLHR, Mongkol, Akarachai Chaimaneekarakate, Akarachai, Anchan Preelert, lese, Arnon Nampa, Arnon, ” TLRH, Thailand’s lese, Pita Limjaroenrat, Pita Organizations: CNN, Thai Lawyers for Human Rights, Facebook, Supreme, UN Human Rights, YouTube, Forward, Constitutional Locations: Chiang Rai, Thailand, TLHR, Thai

☆ The Uvalde crime scene investigators almost missed the shooter's 'hellfire trigger' device because someone threw it in the trash, DOJ report says
▼ + stars: | 2024-01-18 | by ( Michelle Mark | ) www.businessinsider.com time to read: +3 min

But law enforcement's failures extended far beyond the immediate response to the shooting, the Justice Department's report said. For instance, the crime scene teams initially failed to catalogue a crucial piece of evidence, the report said. The report said the device was initially photographed on the floor in crime scene photos but wasn't officially cataloged until later when it was found in a classroom's trash receptacle. Those officers moved deceased victims out of the classrooms and "inadvertently" moved other items, posing challenges for the investigators charged with documenting and processing the crime scene," the report said. "Some lacked any active shooter training at all; some had inappropriate training; some lacked critical incident response training; and the vast majority had never trained together with different agencies."

Persons: —, Department's, General Merrick Garland, Garland Organizations: Service, Department, Business, The Justice Department, Robb Elementary School Locations: Uvalde , Texas

☆ What is the 'Ballerina Farm controversy?' Some viewers feel an influencer's rustic homesteading videos don't add up with her family's stratospheric wealth
▼ + stars: | 2024-01-17 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

As her TikTok channel Ballerina Farm grew in popularity, controversy has also stirred. When Ballerina Farm pretends their reality is reality, those people are erased." Who is Ballerina Farm? The creator @caroclaireburkeeen has critiqued Ballerina Farm in several videos starting at the beginning of this year. Ballerina Farm did not respond to Business Insider's request for comment.

Persons: Hannah Neeleman, —, Hannah Neeleman —, sourdough, David Neeleman, Neeleman, Dean Martin, Farm's homemaking, Anne Helen Peterson, Meg Conley, Daniel, it's, She's, @caroclaireburkeeen, @thecopperpony, Ballerina Organizations: Juilliard grad, Service, Azul, JetBlue, Breeze Airways, Reuters, Juilliard, Vox Locations: Kamas , Utah

☆ How a mom spends $112 at Costco for her family of 4, from Starbucks creamer to $5 rotisserie chicken
▼ + stars: | 2024-01-17 | by ( Christine Ma-Kellams | ) www.businessinsider.com time to read: 1 min

Kirkland Signature tilapia pairs well with miso. I marinate my Kirkland Signature tilapia in miso and mirin. Christine Ma-KellamsIf I don't have the time or money to order Nobu's black cod with miso, I make the next best thing: three-ingredient miso-glazed tilapia. I spread equal parts miso paste and mirin over Kirkland Signature tilapia filets, marinate them overnight, and bake at 400 degrees Fahrenheit for 20 minutes. A $20 eight-pack of filets, typically around 3 pounds, is enough for at least two meals for my family of four.

Persons: Christine Ma Organizations: Kirkland Locations: miso

1 UCLA led by Lew Alcindor — later Kareem Abdul-Jabbar — played No. There have been 43 games pitting the nation's top two teams, most recently Gonzaga's victory over UCLA on Nov. 23, 2021. John Shumate and Gary Brokaw led the way against mighty UCLA star Bill Walton, though he would get his revenge. DUKE 85, NORTH CAROLINA 84 — Feb. 9, 2012It would be a “great games” list without one matchup along Tobacco Road. ___For more on the 75th anniversary of the AP Top 25: https://apnews.com/the-ap-top-25-at-75___Get poll alerts and updates on the AP Top 25 basketball polls throughout the season.

Persons: Lew Alcindor —, Kareem Abdul, Jabbar —, Elvin Hayes, Hayes, ” Hayes, Magic Johnson, Larry Bird, Bill Bradley, Cazzie Russell, — Jan, Digger Phelps, John Shumate, Gary Brokaw, Bill Walton, Ralph Sampson, Larry Johnson, Greg Anthony, Stacey Augmon, Jerry Tarkanian's, Nolan Richardson's, Walter McCarty, Jeff Brassow, Travis Ford, Austin Rivers, Tyler Zeller, Jan, Buddy Hield, Perry Ellis Organizations: Astrodome, UCLA, Houston, titans, Cougars, Bruins, Associated Press, Michigan State, Indiana State, NCAA, PRINCETON, Madison, Garden, Princeton, Tigers, Wolverines, NOTRE DAME, Fighting Irish, Pauley, CHAMINADE, Wayland Baptist, Cavaliers, UNLV, Razorbacks, KENTUCKY, LSU, Wildcats, DUKE, NORTH, Heels, Devils, Sooners, Kansas, Jayhawks, AP Locations: Texas, Kentucky, MICHIGAN, Michigan, VIRGINIA, Wayland, ARKANSAS, Arkansas, NORTH CAROLINA, KANSAS, OKLAHOMA, Allen, Oklahoma

☆ An upgrade, a 'top pick' and a potential deal: 3 of our stocks make news Tuesday
▼ + stars: | 2024-01-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

We're taking a closer look at a few of our stocks in the headlines on Tuesday: Starbucks, Constellation Brands and Walt Disney. The firm said it is looking beyond the current quarter, noting that Starbucks is "underearning vs its potential." Constellation Brands News: Bernstein named Constellation Brands its top pick for 2024 in a Tuesday research note. That's why a potential partnership that would give equity ownership of ESPN to a professional sports league would be so interesting. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Walt Disney, Morgan Stanley, Bernstein, Jim, Bob Iger, Wells Fargo, Nelson Peltz, Jim Cramer's, Jim Cramer, Spencer Platt Organizations: Starbucks, Constellation Brands, Walt, Modelo, Disney, ESPN, National Football League, New York, NFL Media, NFL Network, Players Association, NFL, Netflix, CNBC, People, Starbucks Workers United, Getty Locations: Israel, China, Corona, Pacifico, New, New York City

☆ Apple is offering rare iPhone discounts in China
▼ + stars: | 2024-01-15 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

New York CNN —Apple is offering temporary discounts on its iPhones and other products in China, in an extremely rare move for Apple that comes as competition within Asia’s smartphone market grows more intense. Although third-party sellers at times discount Apple products, Apple itself very rarely offers deals or sales, part of its effort to maintain a premium brand image – something that has been particularly important as Apple seeks to attract high-end buyers in China. The new discounts on the iPhone in China are raising fresh questions about how demand for Apple products is faring recently in the world’s second-largest economy. China has long been a key market for the iPhone maker, with roughly one-fifth of Apple’s overall sales last year coming from China. Last week, Apple lost its status as the stock market’s most valuable company, taking a back seat to Microsoft.

Persons: Yong Xiong Organizations: New, New York CNN, Apple, Mac, Huawei, Wall Street Journal, Research, Jefferies Research, Reuters, Microsoft Locations: New York, China

☆ Apple to Offer Rare Discount on iPhones in China
▼ + stars: | 2024-01-15 | by ( Alexandra Stevenson | More About Alexandra Stevenson | ) www.nytimes.com time to read: +1 min

Ever bought a discounted new phone from Apple? But in China, Apple is slashing the price of some of its latest iPhones by $70 amid worries that Chinese consumers have cooled on the brand. That would save a buyer about 6 to 8 percent, based on prices on Apple’s China website. Cutting prices on high-end electronics to buyers in China is an unexpected move for Apple, one that highlights the challenges the American company faces in China, where patriotic shoppers are choosing domestic brands amid rising US-China tensions. Apple and its Chinese rival, Huawei, are on the front lines of a battle over technology between Beijing and Washington that has seen both countries restrict access to foreign technology.

Organizations: Apple, Huawei Locations: China, Beijing, Washington

☆ Target and Walmart stores in the Bay Area are locking up underwear and socks to prevent shoplifting
▼ + stars: | 2024-01-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Target and Walmart stores in the Bay Area are putting underwear and socks behind locked doors. AdvertisementUnderwear and socks are some of the latest items to be locked up at Target and Walmart stores in the Bay Area, in the retailers' latest efforts to combat shoplifting, NBC Bay Area reported . One customer told NBC Bay Area that they had to wait 10 minutes for an assistant to retrieve an item. A Walmart store located in Hilltop, California is also keeping underwear locked up in a bid to prevent theft. Cesar Zepeda, a Richmond City councilmember, said in an interview with NBC Bay Area that retail theft is hurting the local community and its likely to lead to store closures.

Persons: —, Cesar Zepeda Organizations: Walmart, Service, Target, NBC Bay, NBC Bay Area, Richmond City councilmember, Social, National, Security Survey Locations: Bay, Hilltop , California, Richmond

MILWAUKEE (AP) — Damian Lillard swished a 3-pointer at the buzzer in overtime to give the Milwaukee Bucks a stunning 143-142 win over the Sacramento Kings on Sunday night. The Kings led by four late in overtime, but Brook Lopez made a 3-pointer from the corner to pull the Bucks to 141-140 with 11.5 seconds remaining. Giannis Antetokounmpo had a triple-double with 27 points, 10 rebounds and 10 assists, Malik Beasley scored 23 points and Bobby Portis added 22. The Bucks were without Khris Middleton, who rested his surgically repaired right-knee as the Bucks played their third game in four days. The Bucks made 63% of their first-half shots, including 8 of 14 from 3-point range, but held a slim 68-66 margin as the Kings took 53 shots compared with 35 for Milwaukee.

Persons: — Damian Lillard swished, Brook Lopez, De'Aaron Fox, Lillard, Giannis Antetokounmpo, Malik Beasley, Bobby Portis, Domantas Sabonis, Nikola Jokic, Mike Brown, Intae Hwang, Malik Monk, Brown, Antetokounmpo, Khris Middleton, Kevin Heurter Organizations: MILWAUKEE, Milwaukee Bucks, Sacramento Kings, Bucks, Fox, Denver Nuggets, Milwaukee, Sacramento, Toronto, Philadelphia 76ers, Kings, Phoenix, Cleveland Locations: UP

☆ What's old is new: Our 3 best stocks to start 2024 were also big winners last year
▼ + stars: | 2024-01-12 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

Artificial intelligence chipmaker Nvidia , cybersecurity provider Palo Alto Networks and pharma giant Eli Lilly are the Club's biggest gainers to start 2024. Palo Alto Networks, meanwhile, jumped nearly 112% last year, becoming the first cybersecurity company to reach a $100 billion market capitalization . LLY 3M mountain Eli Lilly 3 months Eli Lilly has been positive in six of the eight trading days in 2024, including Thursday's session . PANW 3M mountain Palo Alto Networks 3 months Shares of Palo Alto Networks began 2024 on a rough note, falling in each of the first four trading days amid a larger seven-session skid that stretched into December. Wednesday's advance came after Morgan Stanley hiked its Palo Alto price target to $375 per share from $304.

Persons: haven't, Eli Lilly, Wall, hasn't, Eli Lilly's, Oppenheimer, Lilly, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Palo Alto Networks, pharma, Club, Palo, Consumer, Semiconductor, Mizuho, Truist, Bank of America, JPMorgan Healthcare Conference, CNBC, New York Stock Exchange, Bloomberg, Getty Locations: Palo Alto, Las Vegas, New York, U.S

☆ Influencers are the new travel agents: Here's how creators are using their adventures to build businesses, from planning group trips to becoming certified advisors
▼ + stars: | 2024-01-08 | by ( Shriya Bhattacharya | Sydney Bradley | ) www.businessinsider.com time to read: +7 min

DMs persuaded some travel creators to arrange group trips with their followersTravel creator Gabby Beckford led her first group trip with her followers in August 2021. Ismail initially worked with the group travel company TrovaTrip, which handled the logistics. AdvertisementAs more travel creators build communities to travel with, startups like Jerne are popping up to help support their businesses. Morgan said quite a few creators are now using Jerne to find brands to sponsor group travel, as well. "Travel advisors have been hosting group trips for as long as they've existed," he said.

Persons: —, Tia Cooper, she's, Cooper, they've, Instagram, influencers, Tim Morgan, Gabby Beckford, she'd, Beckford, Nabila Ismail, Ismail, Morgan, It's, Dharma, Charaf El Mansouri Organizations: Service, Business, BI, DMs, Intrepid, Brand, Virgin Voyages Locations: Ireland, Abu Dhabi, Croatia, Mexico, Indonesia, Pakistani

☆ Getting hot new weight-loss drugs like Wegovy will still be a struggle in 2024
▼ + stars: | 2024-01-04 | by ( ) www.businessinsider.com time to read: +11 min

AdvertisementIf you were hoping that powerhouse weight-loss drugs like Wegovy would be easier to get in 2024, you may be disappointed. Don't expect Medicare coverage any time soonMedicare could play a major role in expanding coverage of weight-loss drugs . Americans' hunger for weight-loss drugs, and the shockwaves it's likely to send through the culture and economy, are only just beginning. He oversees the state employee health plan, which saw costs skyrocket as thousands of workers suddenly started taking weight-loss drugs. People who are already getting weight-loss drugs will be able to keep taking them.

Persons: —, Renee Rayburg, Mercer, Eli Lilly's, Jose Luis Pelaez, there's, Wegovy, Bill Coyle, ZS, Eli Lilly, David Risinger, Lilly, Risinger, Morgan Stanley, Mounjaro, They're, That's, Patrik Jonsson, Lilly USA, Coyle, Dale Folwell, Folwell Organizations: Service, Pharmaceutical, Group, Novo Nordisk's Wegovy, Mayo Clinic, University of Texas, Hennepin Healthcare, Medicare, Capital Alpha Partners, Vanderbilt University, Nordisk's Wegovy, Novo Nordisk, pharma, Nordisk's, FDA, Pharma, UBS BioPharma Conference, Walmart, Jefferies, Nordisk Locations: Mounjaro, Government, Minnesota, Minneapolis, Hennepin, ZS, U.S, Carolina, North Carolina

☆ Want to avoid crowds while traveling? Here's the 'not hot' list for 2024
▼ + stars: | 2023-12-28 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +5 min

Adventure travel company Intrepid Travel's new "Not Hot" list is out — spotlighting overlooked travel spots around the world. The 2024 list calls attention to two destinations in Asia, two in Europe and one in Central America. Source: Intrepid TravelUnlike Italy's tourist-saturated Positano, travelers visiting Corsica can "enjoy a more authentic, tranquil, and immersive experience ... without the overwhelming crowds," according to a press release by Intrepid Travel. Intrepid Travel recommends Panama for those who wish to "immerse themselves in local traditions, folklore, and contemporary arts ... that differs from the more European-centric cultural landscape," the press release stated. Source: Intrepid Travel

Persons: Matt Berna, Nick Lim, Lim, Gonzalo Azumendi, Emberá, David C Tomlinson Organizations: Intrepid, Americas, Intrepid Travel, CNBC Travel, UNESCO, Heritage, Euromonitor International, Japan National Tourism Organization, Korea Tourism Organization, The Travel Corporation, CNBC, Trip.com, La Amistad, Bank, Getty Locations: Asia, Europe, Central America, Corsica Corsica, France, Corsica, Seoul Tokyo, Singapore, Seoul, Korea, Intrepid Travel Tokyo, Tokyo, Panama Panama, Central American, Costa Rica, Colombia, Panama, Panama Viejo, Casco, Darien, La, Guna, Corfu Greece, Santorini, Mykonos, Kefalonia, Corfu, Greece, Split, Dubrovnik, Croatia, Borneo Borneo, Southeast Asia, Malaysia, Brunei, Indonesia, Kalimantan, Indonesian, Sarawak, Sabah, Borneo, Malaysian, Indonesian's Kalimantan

Search resuls for: "112"

25 mentions found