DIRS.INFO The most relevant business & tech news

ISTANBUL (AP) — A year ago, a devastating 7.8 magnitude earthquake struck southern Turkey and northwestern Syria, causing widespread destruction and the loss of over 59,000 lives. Photos You Should See View All 45 ImagesThe disaster led to a massive international rescue and aid operation involving dozens of countries and organizations. The World Bank estimated the damage caused at $34.2 billion in Turkey and $5.1 billion in Syria. The East Anatolian fault system, where the disaster occurred, is near where the Anatolian, Arabian and African tectonic plates come together. The East Anatolian fault had last seen a quake of magnitude 7 or greater in 1822, when at least 10,000 were killed in Syria’s Aleppo.

Persons: Mehmet Ozhaseki, February’s, transgressors, Abby Sewell, Suzan Fraser Organizations: —, Turkey's, Interior Ministry, United Nations, World Bank, Food Program, WFP, Associated Press Locations: ISTANBUL, Turkey, Syria, Turkey’s Kahramanmaras, Idlib, Aleppo, Istanbul, Elazig, Hatay, SYRIA, Brussels, Beirut, Ankara

☆ The vast majority of California flood victims’ losses won’t be covered by insurance
▼ + stars: | 2024-02-05 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

Story highlights Less than 1% of homes in the affected area have flood insurance LA has over 10 million residents but fewer than 15,000 flood insurance policies Federal flood insurance covers $250,000 worth of damageThe typical homeowners’ policy won’t cover loss from flood damage. That is covered by the National Flood Insurance Program, a part of the Federal Emergency Management Agency. Even some of those with flood insurance could find their policies won’t cover all of their losses. Homeowners can buy excess flood insurance coverage to match the limits of coverage on their homeowners policies, but many do not bother to do so. The NFIP estimates that more than 40% of NFIP flood insurance claims come from outside the high-risk flood zones.

Persons: Lee Organizations: New, New York CNN, National Flood Insurance, Federal Emergency Management Agency, Southern, Bureau, Fort Myers, Homeowners Locations: New York, California, Florida, Southern California, Angeles County, Lee County , Florida, Fort, United States

MUSKOGEE, Okla. (AP) — The hallways of Bacone College are cold and dark. In the college’s historic buildings, there are leaks to plug, mold to purge and priceless works of Native American art to save from ruin. Founded in 1880 as a Baptist missionary college focused on assimilation, Bacone College transformed into an Indigenous-led institution that provided an intertribal community, as well as a degree. Across the country, there are only a few dozen tribal colleges, according to the American Indian College Fund, a nonprofit that supports Native American access to higher education. Tribal colleges must be sponsored by a federally recognized tribe and have a majority Native student enrollment.

Persons: aren't, Nicky Michael, Woody Crumbo, Fred Beaver, Joan Hill, Ruthe Blalock Jones, Bacone, “ Bacone, ”, Robin Mayes, Michael, Gerald Cournoyer, Cournoyer, Patti Jo King, King, Bull, Custer, Johnnie Diacon, Leslie Hannah, he’s, Midgley, Chris Oberle, KOSU, ___ Graham Lee Brewer Organizations: Baptist, Muscogee Nation Tribal Council, Lakota, Center, American, Kiowa, Huber Energy, Muskogee County Sheriff’s, MHEC, Associated Press, National Register of Historic Places, American Indian College Fund Locations: MUSKOGEE, Okla, shuttering, Muscogee, U.S, Cherokee, Bacone, Oklahoma, Ataloa Lodge, Sequoyah, Tulsa, Utah, Muskogee County

☆ Battle-tested bull: S&P 500 plows through obstacle course of worries to new high
▼ + stars: | 2024-02-03 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500' s latest run to a record high last week took it through an obstacle course of macroeconomic and company-specific hazards. Stocks are not at all cheap, with the S & P 500 at 20-times year-ahead earnings, which probably will mute multi-year returns. The median S & P 500 stock is flat year to date, is up 13% over the past three months, has gained 30% off its 52-week low and is within 8% of its 52-week high. On Friday, even as a majority of stocks fell with the S & P 500 gaining 1%, there were 175 NYSE new 52-week highs compared to 54 new lows. Here are the equal-weighted industrial and consumer-discretionary sectors compared to the equal-weight S & P 5600 since just after the bear-market low in October 2022.

Persons: Stocks, Craig Johnson, Piper Sandler, it's, Steve Deppe, Jobs, Jerome Powell, Friday's, Henry McVey, KKR's, Keith Lerner Organizations: Treasury, Wealth Management, Meta, Microsoft, Truist, Equity Locations: Meta, handicapping

☆ Biden campaign faces its greatest test: rebuilding his 2020 coalition
▼ + stars: | 2024-02-02 | by ( Jeff Zeleny | ) edition.cnn.com time to read: +8 min

This time around, he believes at least one thing is different: Biden can’t win through voters’ fear of Trump alone. Here in Michigan, which the president visited Thursday, rests one of the biggest tests of his campaign. Trump narrowly carried the state over Hillary Clinton in 2016 – by 10,704 votes – and four years later Biden defeated Trump by about 154,000 votes. Pro-Palestinian demonstrators gather in Warren, Michigan, on February 1, 2024, outside the venue where President Joe Biden was speaking. But, he said, the burden was on Biden and his campaign to spell out what he would do in a second term.

Persons: Charles Williams, Joe Biden, Donald Trump, Biden, Trump, ”, Williams, “, ” Williams, Jay, –, Hillary Clinton, “ He’s, Adam Abusalah, Abusalah, ” Abusalah, Biden ”, Jeff Kowalsky, Karine Jean, Pierre, Kevin Munoz, Sens, Kamala Harris, Cory Booker, Gretchen Whitmer, ” Biden, wouldn’t, Emani Williams, “ ’ Sleepy Biden ’, they’ve, ” Dante Parker, ” Parker, “ We’ve, Norman Clement, We’re, ” Clement, Biden hasn’t, Clement, “ I’m, didn’t Organizations: Detroit CNN —, Biden can’t, Historic King Solomon Baptist Church, Biden, White, Trump, Arab, Muslim, ”, Palestinian, Getty, “, CNN, Democratic, Michigan Gov, Renaissance High School, Detroit Change Locations: Detroit, Michigan, –, Wisconsin, Pennsylvania, America’s Great, Dearborn, Israel, Warren, Macomb County, United States, Warren , Michigan, AFP, Gaza

☆ One Month on From Japan Quake, Volunteers Provide Safe Space for Kids
▼ + stars: | 2024-02-02 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

SUZU, Japan (Reuters) - One month on from a magnitude 7.6 earthquake that struck the west coast of Japan, volunteers from non-profit organisation Katariba play cards and other games with children in a Suzu city school classroom. Some of kids are still living in evacation centres, where it is difficult to play. Others have parents who are busy trying to deal with the task of rebuilding homes and livelihoods since the quake, so it's important to provide children with a safe place, says Katariba member Yoshiki Itashiki. After her daughter was temporarily evacuated to a different city, the service made it easier for her to come back. More than 13,600 people in Ishikawa prefecture where Suzu city is located are still living in evacuation centres.

Persons: Yoshiki Itashiki, Kanako, Sakura Murakami, Tom Bateman, Edwina Gibbs Locations: SUZU, Japan, evacation, Suzu, Ishikawa prefecture

☆ Russia’s frozen assets are generating billions. The EU is getting ready to send them to Ukraine
▼ + stars: | 2024-02-01 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —Russian assets frozen in European accounts are generating billions of dollars in interest payments that could be diverted to help repair Ukraine’s war-torn economy — and the European Union just took a step closer to doing that. After Russia’s full-scale invasion of Ukraine in February 2022, Western countries froze nearly half of Moscow’s foreign reserves — some €300 billion ($327 billion). Around €200 billion ($218 billion) sits in the European Union — mostly at Euroclear, a financial institution that keeps assets safe for banks, exchanges and investors. The EU has been at pains to contrast the illegality of Russia’s invasion with its own strict adherence to the rule of law. Lawyers are working on the text of the agreement before returning it to EU member states for final approval.

Persons: Euroclear, —, ” — James Frater Organizations: London CNN, European Union, EU, immobilised Central Bank of Russia, ”, Group, World Bank, European, European Central Bank, CNN Locations: Ukraine, ” Belgium, Euroclear, Russia, EU

☆ Far-Rightist Threatens to Quit Israel Gov't Over Any 'Reckless' Gaza Deal
▼ + stars: | 2024-01-30 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

JERUSALEM (Reuters) - A far-right partner in Israeli Prime Minister Benjamin Netanyahu's coalition threatened on Tuesday to quit the government over any attempt to enter a "reckless" deal with Hamas to retrieve hostages held by the Palestinian militants. "Reckless deal = dismantling of the government," Itamar Ben-Gvir of the Jewish Power party posted on X, amid media reports that Israel was considering a long-term halt, brokered by Qatar an Egypt, to its offensive against Hamas in the Gaza Strip. Jewish Power accounts for six of the 64 seats that Netanyahu's religious-rightist coalition held in the 120-seat parliament before the Gaza war. They have called for no let-up in the offensive and for Israel to resettle Gaza, from which it withdrew in 2005. Netanyahu has ruled out rebuilding of Jewish settlements there but says post-war Gaza will be under Israeli security control.

Persons: Benjamin Netanyahu's, Itamar Ben, Israel, Ben, Gvir, Bezalel Smotrich, Netanyahu, Dan Williams, Ari Rabinovitch, Ros Russell Organizations: Jewish Power, Hamas, Jewish, National Locations: JERUSALEM, Qatar, Egypt, Gaza, Israel

☆ Nucor CEO explains what led the steelmaking company to its third-most profitable year
▼ + stars: | 2024-01-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Nucor CEO Leon Topalian debriefed the steelmaking company's Tuesday earnings report with CNBC's Jim Cramer, explaining why the company has been especially profitable over the past few years. "This represents the third most profitable year in Nucor's history behind 2022 and 2021," Topalian said in the company earnings call. "In fact, Nucor's combined net earnings over the past three years exceeds the combined net earnings of the last 20 years. This is a testament to the focus and dedication of our team as we execute our strategy to grow the core, Expand Beyond, and live our culture." Topalian said Nucor benefits from a number of government initiatives that boost demand for steel and incentivize domestic manufacturing.

Persons: Leon Topalian, CNBC's Jim Cramer, Nucor, Topalian, Tuesday's Organizations: Biden Locations: North America, U.S, Nucor, United States

☆ China's luxury market is bouncing back with new areas of opportunity
▼ + stars: | 2024-01-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

The company's results showed that despite some resumption of overseas travel, more of China's consumers are buying luxury products at home. watch nowThe mainland China personal luxury market grew by about 12% last year to more than 400 billion yuan ($56.43 billion), according to consulting firm Bain & Company. "All of that data points to the importance of the Chinese luxury consumer and the China market," she told CNBC. Luxury brands have increasingly turned to online channels to ensure customer engagement, said Xing from Bain. As companies compete for a slice of the Chinese consumer market, one emerging segment is bedding and fine linen.

Persons: Louis Vuitton, they're, LVMH, Bernard Arnault, that's, Bain, Weiwei Xing, Cartier, Richemont, Burkhart Grund, Xing, Ding Shizhong, Ashley Dudarenok Organizations: Future Publishing, Getty, BEIJING, Bain & Company, CNBC, Consumers Locations: Shanghai, China, Hong Kong, Greater China, Macao, Bain

☆ Why Domicide Should Be a Crime Against Humanity - The New York Times
▼ + stars: | 2024-01-29 | by ( Balakrishnan Rajagopal | ) www.nytimes.com time to read: +9 min

Opinion Domicide: The Mass Destruction of Homes Should Be a Crime Against HumanityThe widespread or systematic destruction of homes has long been a feature of modern warfare. We all understand that killing can be a murder, a war crime, a crime against humanity or an act of genocide, depending on the gravity and intention of the act. Indeed, what has happened to homes and lives in Gaza is a stand-alone crime: domicide. There is precedent for updating what we legally define as international crimes. Accountability for domicide in Gaza cannot stop with potential criminal prosecutions or declaratory judgments by courts someday in the future.

Persons: Yaqeen Baker, It’s, I’ve, Israel, Enshrining Organizations: West Bank, Israel, United, International Court of Justice, General Assembly, Marshall Locations: Jabalia, Gaza, Aleppo, Grozny, Myanmar, Canada, Syria, United Nations, Dresden, Rotterdam, Mariupol, Israel, Hiroshima, Geneva, Rome, domicide, United States

☆ Warren Buffett's Berkshire Hathaway keeps buying Liberty's SiriusXM tracking shares. Here's why
▼ + stars: | 2024-01-28 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Berkshire Hathaway continued to buy Liberty Media's tracking stock for New York-based satellite radio company SiriusXM in a likely merger arbitrage play. Billionaire John Malone's media conglomerate currently owns 84% of Sirius XM and has two tracking stocks that represent that stake in the streaming satellite music service — Liberty Media Corp. Series A shares, or LSXMA , and Liberty Media Corp. Series C shares, or LSXMK . Under the terms of the deal, expected to close early in the third quarter, each Liberty Media Sirius tracking share will be exchanged for 8.4 "new" SIRI shares, while "old" SIRI shareholders would receive new shares in a one-for-one exchange. Berkshire loading up In the past week, Warren Buffett's conglomerate added 438,945 shares of LSXMA and 1 million shares of LSXMK for nearly $45 million combined, according to regulatory filings . Berkshire first bought LSXMK in 2016 and now owns almost 22% of the tracking stock, according to FactSet.

Persons: Berkshire Hathaway, John, SIRI, Warren, Buffett, Ted Weschler, Todd Combs, Seth Klarman's Baupost, SIRI overvalued, Wells, Steven Cahall, Cahall, Jason Bazinet, Charlie Munger, Charlie, hasn't Organizations: Berkshire, Liberty, Sirius XM, — Liberty Media Corp, Liberty Media Corp, Nasdaq, Liberty Media, Liberty Media Sirius, Sirius XM Holdings, Sirius, Citigroup, Activision Blizzard, British Columbia Power, Monsanto, Bayer AG, IBM Locations: New York, Berkshire, LSXMA, LSXMK, Omaha

☆ Teenage refugees who fled Ukraine for Israel immersed in second war
▼ + stars: | 2024-01-26 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +11 min

Ashkelon, Israel CNN —It was supposed to be a safe haven – a new life for those seeking refuge from the turbulence of war. “I started crying when I began to understand that I’m not going back,” he told CNN at Kfar Silver. These four teenagers all moved from wartorn Ukraine to Kfar Silver near Ashkelon in Israel. Courtesy Monique ZahaviGofer told CNN that “thousands of rockets” flew over the village, while fires broke out everywhere around them. “When the war started here there was relative silence in Ukraine and my family felt more safe,” he said.

Persons: Little, ”, Artem Karpin, “, ” Karpin, Karpin, upended, Michael Reider, Maria, Sviatoslav Kulyk, Monique Zahavi, Reider, Amos Gofer, Kfar Silver, Gofer, Monique Zahavi Gofer, they’re, Amir Cohen, Kulyk, ‘, I’ll, Gofer –, aren’t, –, Israel Organizations: Israel CNN, Kfar, ORT, CNN, ”, “, Hamas, Reuters, Rockets Locations: Ashkelon, Israel, Ukraine, Gaza, Russia, Odesa, Kfar Silver, Kyiv, Poland, Lebanon, Netanya, ”, Europe, Greece, Germany, Ukrainian, Kharkiv, Russian, Moldova, I’m

☆ Explainer-What Is the Two-State Solution to the Israel-Palestinian Conflict?
▼ + stars: | 2024-01-25 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +10 min

Obstacles have long impeded the two-state solution, which envisages Israeli and Palestinian states alongside each other. Advocates of the two-state solution have envisaged a Palestine in the Gaza Strip and West Bank linked by a corridor through Israel. As the two-state solution has floundered, talk of a one-state solution has risen. U.N. Secretary General Antonio Guterres, in a Jan. 23 speech, said the two-state solution remained the only way to address the aspirations of Israelis and Palestinians. He criticised "clear and repeated rejection of the two-state solution at the highest levels of the Israeli government".

Persons: Benjamin Netanyahu, Israel, Yasser Arafat, Yitzhak Rabin, Rabin, Bill Clinton, Arafat, Ehud Barak, Camp David, Jerusalem, Joe Biden, Abdel Fattah al, Abbas, Mahmoud Abbas, Bezalel Smotrich, Netanyahu, Abbas's Fatah, Biden, Osama Hamdan, General Antonio Guterres, Nidal al, Ali Sawafta, Maayan Lubell, Dan Williams, Ari Rabinovitch, Tom Perry, Angus MacSwan Organizations: Reuters, United Nations, Arab League, Israel, West Bank, Palestine Liberation Organization, PLO, Palestinian Authority, Israeli, Bank, Geneva Accord, Finance Locations: Washington, Gaza, Palestinian, Jordan, Jerusalem, Palestine, Europe, Israel, Lebanon, Syria, East Jerusalem, Egypt, U.S, Oslo, Israeli, West Bank, Jordanian, Oslo Accords, U.N

The U.S. economy ended 2023 with a bang, as growth in gross domestic product in the fourth quarter came in at 3.3%, easily dashing expectations on strong consumer spending and exports. Economists had predicted a gain of 2% for the quarter following the third quarter’s 4.9% increase, driven by strong consumer spending, rebuilding of inventories and a resilient labor market. Although 2023 outperformed, defying predictions of a recession even as the Federal Reserve raised interest rates to a level not seen in four decades, most economists are forecasting growth slowing this year. The strong fourth quarter number is likely to cast doubt on whether the Fed will begin cutting interest rates as early as the market thinks. “Consumers will likely remain cautious with their spending as they confront ‘cost fatigue’ and less vibrant labor market conditions.

Persons: ”, Steve Rick, Gregory Daco, Daco, Jerome Powell, “, ” Daco Organizations: Federal Reserve, TruStage, “, Fed, Labor Department Locations: U.S, Ukraine

☆ Russia is threatening to retaliate against the West in equal measure if it confiscates Moscow's frozen assets to help Ukraine
▼ + stars: | 2024-01-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Read previewRussian state RIA news agency reported on Sunday the country would retaliate against the West in equal measure if it confiscates Moscow's frozen assets to help Ukraine. This story is available exclusively to Business Insider subscribers. Kremlin spokesperson Dmitry Peskov told reporters on December 29 that Russia has a list of foreign assets that it would seize in retaliation if the West were to move on Russia's frozen assets. It has called the notion of seizing Russian assets "outright theft." Meanwhile, there are international concerns about the legality of seizing the frozen Russian assets.

Persons: —, Moscow, Dmitry Peskov Organizations: Service, West, Business, European Union, RIA, Kremlin Locations: Ukraine, Russian, Australia, Switzerland, Russia

PHILADELPHIA (AP) — Joel Embiid scored a franchise-record 70 points, the most in the NBA this season, to lead the Philadelphia 76ers to a 133-123 victory over the San Antonio Spurs on Monday night. He broke Hall of Famer Wilt Chamberlain’s 76ers record of 68 points, set on Dec. 16, 1967, with a layup with 1:41 to play. Chamberlain was playing for the Philadelphia Warriors when he set the NBA record with 100 points. Rookie Victor Wembanyama had 33 points and seven rebounds in 29 minutes in the first matchup between the 7-footers. Spurs coach Gregg Popovich joked before the game that the Spurs' plan against Embiid was to "hammer his (butt).

Persons: — Joel Embiid, Embiid, of Famer Wilt Chamberlain’s, Chamberlain, Victor Wembanyama, Wembanyama, ” Embiid, Nick Nurse, ” Giannis Antetokounmpo, ” Nurse, ” Wembanyama, Gregg Popovich, Wemby, – Organizations: PHILADELPHIA, NBA, Philadelphia 76ers, San Antonio Spurs, of Famer, of Famer Wilt Chamberlain’s 76ers, Philadelphia Warriors, 76ers, Spurs, ” 76ers, NEXT Spurs, Host Oklahoma City Locations: Philadelphia, warmups, Indiana

☆ When YouTuber Lizzy Capri pivoted away from kids' content, she took a big financial hit. She says it was worth it.
▼ + stars: | 2024-01-22 | by ( Marta Biino | ) www.businessinsider.com time to read: +6 min

In early 2023, YouTuber Lizzy Capri felt trapped in "creator prison." Starting in 2017, Capri became known online as "Lizzy Sharer" (she became "Lizzy Capri" in 2019). In the world of influencers, having a "niche" — specific content geared toward a specific audience — is often praised as an asset. In March 2023, she published a video titled "Goodbye to the old Lizzy..." to announce her content would change. Lizzy CapriThe hard pivot was tough financiallyWhen she pivoted, Capri did it more for herself than for the business.

Persons: Lizzy Capri, she'd, Capri, she's, Lizzy Sharer, OnlyFans, I've, it's, Bryce Adams, Adams Organizations: Business, Mattel, — Locations: Capri, OnlyFans, States

☆ The end of workplace loyalty
▼ + stars: | 2024-01-22 | by ( Aki Ito | ) www.businessinsider.com time to read: +16 min

Do that, and you generate the kind of trust and loyalty that leads to high productivity and low turnover. A world in which the psychological contract is profoundly broken. In the three decades following World War II, as Rick Wartzman documents in his book " The End of Loyalty ," a booming economy made American companies rich. Today, disillusioned workers might assume that the norm of workplace loyalty was nothing but a capitalistic ruse, a way for companies to exploit their employees. But the new loyalty would recognize that employees have to uphold their end of the bargain.

Persons: I've, Gen Xers, Gen Zers, they'll, Rick Wartzman, Wartzman, Denise Rousseau, Rousseau, who's, Mark, —, it's, I'm, he's, quitters, Nick Bloom, Stanford University who's, Anthony Klotz, Klotz, they're, It's, Aki Ito Organizations: Companies, Kodak, GE, Carnegie Mellon University, Stanford University, University College London, Employers, Business

He has ensured this with the Ram Temple,” said Nilanjan Mukhopadhyay, an expert in Hindu nationalism and author of a book on Modi. Modi’s Hindu nationalist party is expected to once again exploit religion for political gain in the upcoming national elections in April or May and secure power for a third consecutive term. The mosque was demolished by Hindu mobs in December 1992, sparking nationwide riots that killed more than 2,000 people, mostly Muslims. That fraught history is still an open wound for many Muslims, and some say the temple is the biggest political testament yet to Hindu supremacy. Modi has released postage stamps on Ram Temple, and live screenings of the ceremony are planned across the country.

Persons: Narendra Modi, Lord Ram, Modi, ”, Nilanjan Mukhopadhyay, Modi's, ” Mukhopadhyay, “ Modi, Ram, Salam, ” Salam, revivalism —, “ Organizations: DELHI, —, Indian, Modi, Bharatiya Janata Party, Ram, BJP Locations: India, Ayodhya —, Ayodhya, Babri, Gujarat, Babri Mosque, Hindu India

☆ Netanyahu Told Biden Gaza Plans Clash With 'Palestinian Sovereignty', Statement Says
▼ + stars: | 2024-01-20 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu appeared on Saturday to push back against U.S. President Joe Biden's remarks about Palestinian statehood after the war against Hamas in Gaza ends. Biden on Friday said he spoke with Netanyahu about possible solutions for creation of an independent Palestinian state, suggesting one path could involve a non-militarized government. Asked to clarify whether Netanyahu is opposed to any kind of Palestinian statehood, his office did not immediately respond. Asked if a two-state solution was "impossible" while Netanyahu was in office, Biden said, "No, it's not." Netanyahu has stopped short of outright and explicit rejection of Palestinian statehood.

Persons: Benjamin Netanyahu, Joe Biden's, Biden, Netanyahu, Matthew Miller, Miller, Israel, Maayan Lubell, Dan Williams Organizations: U.S, West Bank, . State Department Locations: JERUSALEM, Gaza, Israel, Jordan, That's, U.S, Palestinian, East Jerusalem

It was the first Davos gathering since 2020 without any Covid-related restrictions, as fears about the pandemic almost completely receded. Here are some of the big takeaways from the five-day conference, which ended Friday. Many of the meeting spaces on the main street of Davos billed themselves as places to learn about A.I. Attendees also discussed potential risks of A.I., including job losses, widening social inequality and the rapid spread of misinformation. One industrial executive mused in a private discussion about whether the cost of retraining workers whose jobs were altered by A.I.

Persons: Sam Altman, OpenAI, Mustafa Suleyman, Aidan Gomez Organizations: Economic Locations: Davos, Switzerland, Cohere

☆ Sweetgreen wants to be the ‘McDonald's of its generation.’ This rival salad chain could beat it
▼ + stars: | 2024-01-19 | by ( Amelia Lucas | ) www.cnbc.com time to read: +6 min

Source: Salad and GoWhen Sweetgreen went public two years ago, co-founder and CEO Jonathan Neman said the salad chain aspired to be the "McDonald's of its generation." But another salad rival could beat Sweetgreen to the punch: Salad and Go. One of its 48 ounce salads costs less than $7 and comes with chicken or tofu, while a comparable salad from Sweetgreen costs about $12. Two years later, Morrison took over as chief executive, departing Wall Street's favorite chicken wing chain after a decade in favor of a little-known salad chain that then had only 50 locations. Other salad players, such as Sweetgreen, Just Salad or Salata, are usually in the same markets as Salad and Go.

Persons: Sweetgreen, Jonathan Neman, Charlie Morrison, Morrison, Wall, Adam Jeffery, Go, We've, Nicole Portwood, Portwood, hasn't Organizations: Volt Investment, CNBC Locations: Arizona , Nevada , Oklahoma, Texas, Southern California, Englewood Cliffs , New Jersey

DAVOS, Switzerland (AP) — Business and political elites descended on the Swiss Alpine snows of Davos to suss out “rebuilding trust” in a splintering world. If there’s any takeaway from the World Economic Forum's annual meeting — boldly touting that theme — it’s that we still have a long way to go. The idea is getting people together, and big announcements are often just a byproduct — not the aim. “It’s unrealistic to think that Davos — or any meeting, anywhere in the world — in one meeting can rebuild trust when it’s fragmented on so many dimensions," said Rich Lesser, chairman of Boston Consulting Group. But thousands of conversations between the social, private and public sectors help create "a starting point for rebuilding trust,” he said.

Persons: —, Rich Lesser, ”, bigwigs, Bill Gates, Agnès Callamard, craziness, Long, Volodymyr Zelenskyy, ” Zelenskyy, ” Pham Minh Chinh, vociferously, Benjamin Netanyahu, Antony Blinken, wasn't, Antonio Guterres, Masha Macpherson, David Keyton, Courtney Bonnell, Kelvin Chan Organizations: —, Boston Consulting, Nature Energy, “ Cooperation, Security, Amnesty, European Union, U.S, Israeli, ” Locations: DAVOS, Switzerland, Swiss, Davos, suss, Ukraine, U.S, India, South Africa, UKRAINE, Kyiv, Europe, United States, Britain, Israel, Gaza, Palestinian, Saudi Arabia, London

☆ What the global elite are saying about AI behind closed doors
▼ + stars: | 2024-01-19 | by ( Matt Turner | ) www.businessinsider.com time to read: +8 min

AdvertisementThe annual World Economic Forum just wrapped up in Davos, Switzerland, and talk of artificial intelligence was just about everywhere. AdvertisementPlenty of companies touted their AI wares at the World Economic Forum in Davos this year. Related storiesAt Automation Anywhere, which, as its name suggests, works on automating work, the customer-service team shrank when AI was implemented. Others I spoke to agreed: Many businesses have small-scale AI experiments running, often with promising results so far. These AI projects are expensive, and not every company has the financial or human capital to pursue an ambitious AI strategy.

Persons: Matt Turner, —, Sam Altman, Rob Goldstein, copilots, Jason Girzadas, he'd, Oliver Wyman, Deb Cupp, Mihir Shukla, Ana Kreacic, Shukla, Becky Frankiewicz, Lareina Yee, WEF, Satish H.C, Mustafa Suleyman, DeepMind, Kapilashram, Azeem Azhar, Dan Vahdat Organizations: Economic, Service, Tech, Infosys, IBM, Builder.ai, Cisco, Qualcomm, Salesforce, BlackRock, Deloitte, Microsoft, Oliver Wyman Group, Standard Chartered, McKinsey, Huma Therapeutics Locations: Davos, Switzerland

Search resuls for: "Rebuilding"

25 mentions found