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☆ What Trump's return to the White House could mean for global bond yields
▼ + stars: | 2024-11-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesDonald Trump's U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. Trump's return to the White House is seen as likely to throw a wrench in the Federal Reserve's rate-cutting cycle, potentially keeping an upward bias on Treasury yields. Bond yields tend to rise when market participants expect higher prices or a growing budget deficit. "Trump's election advances both possibilities as a trade war and increased fiscal spending work at cross purposes," he added. Germany's 10-year bond yield, the benchmark for the euro zone, stood at 2.337% on Wednesday, marginally lower for the session.

Persons: Donald Trump, Donald Trump's, Alim Remtulla, Remtulla, Kamala Harris, there's, Trump, There's, Shannon Kirwin, Kirwin, Sameer Goel, CNBC's, doesn't, Goel, MUFG Organizations: Bloomberg, Getty, EFG, Fed, CNBC, Treasury, Democratic, New York Stock Exchange, China News Service, Morningstar, European Union, Deutsche Bank, Trump, U.S, U.S ., Singapore, Malaysian, South Korean, ING Locations: Greensboro , North Carolina, Europe, United States, New York City, U.S, Mexico, Asia, China

☆ Trump 2.0 inflation hasn't been priced in yet: Deutsche Bank
▼ + stars: | 2024-11-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump 2.0 inflation hasn't been priced in yet: Deutsche BankDeutsche Bank's Global Head of Emerging Markets Research, Sameer Goel, shares his expectations about increasing inflationary pressure during a second Trump presidency and the possible impact on Asia.

Persons: Sameer Goel Organizations: Trump, Deutsche Bank Deutsche Bank's, Emerging Markets Locations: Asia

☆ Elon Musk's X has signed up a new adtech partner as it looks to boost advertising revenue
▼ + stars: | 2024-11-19 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

AdvertisementX is partnering with adtech company PubMatic as it looks to boost its ad revenue. X's ad revenue has lagged after Musk's takeover and the company has sued some advertisers. Elon Musk's X has signed up the adtech company PubMatic as an authorized seller of its ads, as it looks to outside companies to help boost ad revenue, Business Insider has learned. X is also suing some of its advertisers, alleging they illegally colluded in violation of competition law to boycott the platform after Musk's takeover. This week, X added the Amazon-owned streaming platform Twitch as a defendant to its lawsuit.

Persons: Elon Musk's, X, Rajeev Goel, Goel, PubMatic, it's, Musk Organizations: Business, BI, Google, Twitter

☆ A product manager shares the résumé that got him a $300,000 job at Amazon — and 3 regrets about it, including writing that sounds 'very pompous'
▼ + stars: | 2024-11-18 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

AdvertisementSiddharth Kashiramka joined Amazon in 2022 as a product manager for AI projects. He worked as a product manager at Capital One and was previously a consultant at PwC. Show variety: Throughout the résumé, Kashiramka used a range of keywords, including "leveraged," "delivered," "established," and "collaborated." One page résumé: "I think the résumé should be one page," he said about keeping the document short. Kashiramka is a senior product manager at Amazon's office in Crystal City, Virginia.

Persons: Siddharth Kashiramka, Alicia Tillman, Kashiramka Organizations: Amazon, Capital, Big Tech, ATS, Meta, Google, PwC, Business Locations: Virginia, Seattle, Crystal City , Virginia

☆ Jamie Dimon on not getting a job under Trump: 'I haven't had a boss in 25 years and I'm not about ready to start'
▼ + stars: | 2024-11-15 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Donald Trump sent a public message to Jamie Dimon, telling the CEO he would not be part of the Trump administration. Trump previously said he'd consider Dimon for the role of treasury secretary, then walked back the comment. AdvertisementJPMorgan Chase CEO Jamie Dimon has no hard feelings about not being part of President-elect Donald Trump's new administration. "I haven't had a boss in 25 years and I'm not about ready to start," he said on Thursday in response to being told Trump was not inviting him to be treasury secretary. "I have a lot of respect for Jamie Dimon," Trump said in an interview with Bloomberg Businessweek published in July.

Persons: Donald Trump, Jamie Dimon, Trump, Dimon, hasn't, —, Donald Trump's, I'm, Larry Fink, Matt Gaetz, Sen, Marco Rubio, Elon Musk, Vivek Ramaswamy Organizations: Service, JPMorgan, Economic Cooperation, Summit, Trump, Bloomberg Businessweek, Treasury, Department of Government Locations: Asia, Peru, New York, Florida

☆ Neom, Saudi Arabia's high-tech desert city, is heading for a dialed-down first stage as costs soar
▼ + stars: | 2024-11-14 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Amid rising costs, Saudi Arabia is scaling back Neom plans to focus on sports venues. The new city faces financial challenges, leadership changes, and scrutiny over human rights issues. AdvertisementSaudi Arabia is changing plans for mega-city Neom to cut costs and prioritize building for international sporting events. Governments and human rights groups have also scrutinized alleged human rights abuses, including of migrant workers building Neom. In July, Saudi Arabia rejected allegations that three men were sentenced to death because they criticized evictions to make way for the Neom project.

Persons: —, Neom, Francois Nel Organizations: Service, Reuters, Games, NEOM Beach, Neom Locations: Saudi Arabia, New York City, Saudi

In his last term, Trump paused some work visa programs used by tech firms to hire skilled talent. This order left many tech workers stranded outside of the US in 2017. The H-1B visa program is the nation's largest temporary work visa program, with over 600,000 workers across 50,000 employers. Vice President-elect JD Vance has a venture capital background, and Musk is an immigrant himself who has said he was on an H1-B visa previously. Shin Yi Chong, who received her H1-B visa in 2019, was recently laid off from her tech job as a product manager.

Persons: Donald Trump's, Trump, —, Donald Trump, Michael Greeley, What's, Hiba Mona Anver, Anver, Jenny Fielding, Biden, Palo, Sophie Alcorn, Anna Rathbun, Aaron Levie, Elon Musk, Levie, Elon, Alcorn, JD Vance, Anna Moneymaker, Chris Farmer, Vance, Musk, Shin Yi Chong, Shubhangi Goel, Riddhi Kanetkar Organizations: Service, Flare Capital Partners, Trump, Ventures, Hire, Experts, Business Locations: Cleveland, It's

☆ We asked 3 migration firms about what they're hearing in the first 48 hours after the election
▼ + stars: | 2024-11-08 | by ( Maria Noyen | Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

Business Insider spoke to three residency and citizenship consultancies about what they heard in the 48 hours after the election was called. Advertisement"Americans normally will take an average of three weeks to four weeks to review the documents before signing anything," Arton said. This time, it's different: "They're signing it the same day." While demand has risen steadily, Galst said clients' tone this week took on particular urgency — they're no longer just shopping around for options. "In the last 24 hours, I've heard real urgency," Galst said.

Persons: —, Donald Trump readies, They've, Steve Ballmer, Armand Arton, He's, Arton, they're, Partners Judi Galst, Galst, I've, it's, Pela Terra Organizations: Democratic, Service, White, Business, Arton, Henley, Partners, Henley & Partners, US Nationals, Gaza, Hamas Locations: Montreal, New York, Connecticut, California, London, Palestinian, Portugal, Caribbean, Ireland, Germany, Austria, Poland, Florida, American, Europe

☆ Duolingo put its sarcastic teen chatbot to work on its earnings call
▼ + stars: | 2024-11-07 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Duolingo's Wednesday earnings call started with an AI chatbot demonstration. The chatbot, Lily, summarized the company's performance this quarter. The purple-haired chatbot, which sounded like a bored, sarcastic teenager, replaced CEO Luis von Ahn at the beginning of the video call. "Our new Duolingo Max feature video call lets learners chat with me," the chatbot said. AdvertisementWhile Lily was largely a gimmick for the earnings call, the impact of AI has been a persistent theme in earnings this year.

Persons: Lily, Duolingo, —, Luis von Ahn, Von Ahn, OpenAI's, Piper Sandler's Arvind Ramnani, Gen, didn't Organizations: Service, Meta, Microsoft

☆ Nissan is slashing 9,000 jobs after a dire financial performance
▼ + stars: | 2024-11-07 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Nissan is cutting 9,000 jobs globally to reduce costs, the company said Thursday. Nissan will cut production capacity by 20% and executives will take pay cuts. AdvertisementNissan is cutting 9,000 jobs globally in an effort to cut costs, the Japanese automobile giant said in an earnings statement on Thursday. Nissan said that sales volumes decreased year-on-year to 1.6 million cars, hurt by higher selling and production costs, particularly from the US. Along with the layoffs, Nissan is cutting production capacity by 20%.

Persons: —, Makoto Uchida, Guillaume Cartier, Carlos Ghosn Organizations: Nissan, Service, Automotive News, Automotive Locations: Africa, Middle East, India, Europe, Oceania, China, North America, Japan, Lebanon

☆ Snap surges 10% as it gets a major boost from AI and paid subscribers
▼ + stars: | 2024-10-30 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Snap's revenue growth was attributed to AI features and growth in Snapchat+ users. Spiegel said Snap has also introduced AI tools for creators, which it has been pushing to onboard onto the platform recently. However, Snap projected that the current quarter will only see the number of users grow by 8 million to 451 million. Related storiesPaid subscribers and AI are boosting SnapThe CEO also attributed the revenue growth to paid subscriptions. Snap's 443 million user base is small compared to Meta's 3.3 billion users, and TikTok's more than 1 billion users, both of which it directly competes with for ad revenue.

Persons: —, Evan Spiegel, Spiegel, James Heaney Organizations: Service, Google, Jefferies

☆ Ford cuts profit forecast as high costs and low volumes hit hard
▼ + stars: | 2024-10-29 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

The guidance stems from high costs and low volumes of Ford Pro and Ford Blue models. Ford aims to compete with Chinese EV makers by reducing costs and innovating designs. It said the guidance was hurt by costs and low volumes of its most profitable cars, Ford Pro and Ford Blue, due to supplier and hurricane-related disruptions. He said that finding new designs for components or using new suppliers will be key to reducing EV costs. Chinese EV makers have been on a roll this year.

Persons: Ford, —, Jim Farley, Farley, I've, Stellantis, Tesla Organizations: Ford Pro, Ford, Service, Companies, EV, European Union, Motors, Chrysler Locations: Russia, Shanghai, Chicago, China

☆ The list of fast-food places pulling onions over E. coli concerns just keeps growing
▼ + stars: | 2024-10-25 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Fast-food chains are pulling onions from their restaurants due to E. coli risks. The outbreak linked to McDonald's involves 49 E. coli cases and one death in 10 states. AdvertisementA string of American fast-food chains and restaurants are pulling fresh onions from some of their locations because of E. Coli food poisoning risks. On Thursday, Burger King said that it gets some of its onions from Taylor Farms, a supplier to the McDonald's restaurants that have been linked to the E. Coli outbreak. In 2022, Wendy's restaurants were linked to an E. coli outbreak in six states.

Persons: Taco, —, Yum, Burger King, Burger, McDonald's Organizations: Taco Bell, KFC, Johnny Rockets, McDonald's, Service, Yum Brands, Bloomberg, Brands, Disease Control, Public, FDA Locations: Taylor, Colorado , Kansas , Utah, Wyoming

☆ Boeing workers reject the company's latest proposal, which included a 35% wage hike
▼ + stars: | 2024-10-24 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +2 min

Boeing workers just rejected a proposal with a 35% wage increase over four years. AdvertisementBoeing machinists have rejected a new proposal that included a 35% wage increase over four years, the International Association of Machinists and Aerospace Workers Local 751 said Wednesday. Along with the wage hike, the new proposal raised a signing bonus from $3,000 to $7,000. The strike, which started on September 13, began after workers rejected a proposal to raise pay by 25% over four years , demanding 40%. Analysts at Anderson Economic Group estimated that the first month of Boeing's 33,000-worker strike cost the company and workers $5 billion.

Persons: —, Boeing machinists, Kelly Ortberg, We've, Ortberg Organizations: Boeing, Service, International Association of Machinists, Aerospace Workers, IAM, Anderson Economic Group

☆ BlackRock's Larry Fink says the US election 'really doesn't matter' for markets
▼ + stars: | 2024-10-22 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Larry Fink says the US election won't impact markets long-term. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementLarry Fink doesn't think the US election will affect markets much. The BlackRock CEO doubled down on saying the outcome of the US election, which will be decided in two weeks, won't matter in the long run. Divided Wall StreetFink is not the only Wall Street heavyweight saying the election won't matter to financial markets.

Persons: Larry Fink, Fink, BlackRock, —, Larry Fink doesn't, I'm, Kamala Harris, Donald Trump, Trump, Joe Biden, Adewale Adeyemo, Mike Pyle, Harris, Obama, Mike Gitlin, PGIM Organizations: Service, BlackRock, Securities Industry, Financial, The Financial Times, Republican, Republicans, Wall, Capital Locations: BlackRock, China

☆ Why a hedge fund made a podcast about a shake-up it's pushing for at Southwest Airlines
▼ + stars: | 2024-10-21 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

Elliott Investment Management launched a podcast to influence Southwest Airlines shareholders. AdvertisementLast week, activist firm Elliott Investment Management launched a podcast as part of its efforts to influence Southwest Airlines shareholders. Related storiesElliott said its "Stronger Southwest" podcast will have one-on-one conversations with the firm's nominated directors. But companies like Southwest and Disney, which saw similar activist interest last year, have a lot of individual investors. Before the podcast, Elliott rolled out a website and accounts on Instagram, X, and YouTube.

Persons: —, Elliott, Bob Jordan, Jordan, Gary Kelly, Southwest's, Gregg Saretsky —, Scott Bisang, Bisang, Cas Sydorowitz, Georgeson, Sydorowitz, Disney, Nelson Peltz, Bob Iger Organizations: Elliott Investment Management, Southwest, Service, Apple, YouTube, Bloomberg, Disney, Hollywood

☆ Netflix just had a blockbuster quarter, and its Asia strategy had a big role to play in it
▼ + stars: | 2024-10-18 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

At 19%, Asia Pacific had the largest revenue growth rate of all regions this quarter. Local content strategy and investment in original content is boosting Netflix's competitive edge. Company executives and industry experts say growth in Asia had a role to play as well. Revenue growth in North America and Europe, Middle East, and Africa was tied at 16% each. 'Persistence in Asia'Some industry experts who reacted to Netflix's earnings also pointed to its local content creation strategy.

Persons: —, You've, Gregory Peters, Ben Silverman, Silverman, It's, Dan Da Dan Organizations: Netflix, Service, Company, Asia, CNBC, Media Partners Locations: Asia Pacific, Asia, Japan, Korea, Thailand, India, North America, Europe, Middle East, Africa

☆ Boeing's labor strike is so bad that the US Labor Secretary just flew to Seattle to help
▼ + stars: | 2024-10-15 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Julie Su is in Seattle to mediate Boeing worker strike to resume negotiations. Boeing's strike began after workers rejected a 25% pay raise, demanding 40% and other benefits instead. AdvertisementBoeing's worker strike appears to be in such a stalemate that the US's top labor official flew to Seattle to mediate. In separate Monday meetings, Acting Secretary of Labor Julie Su urged both parties to move forward, the labor union for aerospace workers said in a statement. Su mediated a 75,000-person healthcare worker strike against Kaiser Permanente in October 2023.

Persons: Julie Su, Boeing's, —, Labor Julie Su, Su, Biden, Boeing Machinists Organizations: Boeing, Service, Labor, Anderson Economic Group, Reuters, Labour Union, International Association of Machinists, Aerospace Workers, Kaiser Permanente, United, Alaska Air, Emirates, RyanAir Locations: Seattle, Union, Gulf Coast, United Airlines

☆ A product manager shares the résumé that helped him transition from consulting and land a $180,000 role at Cisco
▼ + stars: | 2024-10-15 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Varun Kulkarni transitioned from consulting to a senior product manager role at Cisco. He tailored his résumé to highlight skills that apply to tech more than they do to consulting. Next, he spent about two months cold-emailing and networking with people who had made a similar move from consulting to tech. Once he felt ready to interview, landing a job — a senior product manager at Cisco — took two months. This is the résumé Kulkarni used to apply to the company.

Persons: Varun Kulkarni, —, Kulkarni, Cisco — Organizations: Cisco, Service, Deloitte, Big Tech, Business Locations: Seattle

☆ Jensen Huang says he wants Nvidia to be a company with 100 million AI assistants
▼ + stars: | 2024-10-14 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Jensen Huang says he hopes Nvidia will be a 50,000 employee company with "a 100 million AI assistants." Huang described a future where Nvidia can use AI assistants across every division to raise output. "I'm hoping that Nvidia someday will be a 50,000 employee company with a 100 million, you know, AI assistants, in every single group," Nvidia CEO Jensen Huang said on an episode of the "Bg2" podcast released on Sunday. AI agents break down a task into multiple smaller steps, each tackling a specific task to achieve a broader objective. And Google CEO Sundar Pichai said in May that the company is working on developing AI agents with more capabilities.

Persons: Jensen Huang, Huang, —, I'm, Marc Benioff, Sundar Pichai, Pichai Organizations: Nvidia, Tech, Google, Service, AIs, Slack, Bloomberg, Big Tech

☆ Don't hold your breath waiting for a Tesla robotaxi
▼ + stars: | 2024-10-11 | by ( Shubhangi Goel | Tom Carter | ) www.businessinsider.com time to read: +5 min

Tesla's robotaxi will almost certainly face safety and regulatory questions before it comes to market. Waymo and Cruise have also encountered regulatory challenges with their autonomous vehicles. It has a permit to test autonomous vehicles with a driver on public roads in the state. "It's a problem of their own making," Phil Koopman, a professor at Carnegie Mellon University and an expert in autonomous vehicle safety, told Business Insider. A Waymo autonomous self-driving electric vehicle.

Persons: Tesla's, Cruise, —, Tesla, Elon Musk, You'll, Sjoerd van, Waymo, Phil Koopman, Koopman, PATRICK T, FALLON, Uber, Kyle Vogt Organizations: Service, Warner Bros, Wal, Getty, California Department of Motor Vehicles, Carnegie Mellon University, NHTSA, Cruise Locations: Burbank , California, California

☆ Elon Musk's Robotaxi is still miles away from overtaking Uber and Waymo in the ride-hailing race
▼ + stars: | 2024-10-11 | by ( Shubhangi Goel | Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

AdvertisementIf Elon Musk can fully deliver on his plans to make Tesla's Robotaxi the new go-to mode of transport, he could bring an end to the ride-hailing economy as we know it. "Tesla's vehicles, sensors, and software will all need to be approved in any market they hope to enter. "Until Tesla robotaxis are transporting 100,000 paying customers a week around major American cities like Waymo does, Tesla Robotaxi is nothing more than the latest work of fiction to come out of the Warner Bros. "We also believe TSLA could struggle to scale fleet operations without offering access to demand via Uber/Lyft." Uber is already preparing for a future of electric cars and autonomous vehicles without Tesla's involvement.

Persons: BYD, —, Elon, aren't, Tesla, Uber, Musk, Jefferies, John Colantuoni, Paul Miller, Forrester, Dan O'Dowd, Waymo, I've, Gene Munster, Brian Baker, Matt Bryson, Dara Khosrowshahi, We're Organizations: Service, Warner Bros, Tesla, Warner Bros ., Asset, Jefferies, Tesla's, BYD, Aurora, AV Locations: Burbank , California

☆ Boeing's latest headache: a possible junk downgrade
▼ + stars: | 2024-10-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

S&P Global Ratings may downgrade Boeing bonds due to cash issues amid a strike. The strike risks Boeing's recovery and affects 737 Max production — and the company's cash flow. Moody's also recently put Boeing on a downgrade review. AdvertisementTo add to Boeing's list of troubles, S&P Global Ratings is considering downgrading its bonds because of the company's growing cash problems amid a mass workers' strike. Last month, another credit agency, Moody's, also put the company on a downgrade review, citing the strike and its impact on cash flow.

Persons: —, Moody's, Max Organizations: Boeing, Service Locations: Washington and Oregon, furloughing

☆ Read 5 résumés that helped techies land $300,000-plus jobs at Google, Meta, Amazon, and Salesforce
▼ + stars: | 2024-10-08 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +7 min

With his mentors' feedback, he created a résumé that helped him land him a role at Google a few months later. Software engineer at GoogleSahil Gaba, a software engineer at Google, said he liked two main things on his 2021 résumé, which landed him $300,000 in starting pay. Software engineer at MetaHemant Pandey, a software engineer at Meta, said he has been using the same résumé template since he graduated from his master's program in 2017. It landed Lin his roles at Meta, Visa, and PayPal, and, in 2022, a $350,000 pay package at Google. Previously at Cisco and SAP, the software engineer now works for Salesforce, where he interviews other candidates.

Persons: —, Virmani, Google Virmani, Google Sahil Gaba, I've, Gaba, Meta Hemant Pandey, it's, Google Yung, Yu Lin, he's, Lin, Ghatage Organizations: Big Tech, Service, Deloitte, Google, Software, Meta, Tesla, SAP, Visa, PayPal, Cisco

☆ Real AI smartphones are still a few years away, say Jefferies analysts
▼ + stars: | 2024-10-08 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

The iPhone 16 lacks new features and a new AI smartphone is years away, wrote analysts on Sunday. Much of the optimism surrounding Apple this year came from its June announcement of Apple Intelligence, the company's take on artificial intelligence. In Sunday's note, Lee forecasted "flattish volume growth" in the second half of 2024 for iPhone 16 compared to the iPhone 15, and only 2.5% growth in lifecycle volume for the iPhone 16. AdvertisementTo be sure, not all analysts think the delay in introducing Apple Intelligence will hurt the company. He said that he gives little credence to third-party reports of iPhone 16 sales.

Persons: Jefferies, —, Edison Lee, Siri, Lee, Gil Luria, Davidson Organizations: Service, Apple Intelligence, Bloomberg, D.A, Apple

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