DIRS.INFO The most relevant business & tech news

☆ Democrats have been losing working-class voters. Here's one playbook to win them back.
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +5 min

A new report commissioned by a labor-backed group is examining a problem many Democrats might rather ignore: the exodus of working-class voters from the party they used to call home. Some voices on the left have downplayed the significance or even denied the loss of working class voters, but the data is increasingly clear and signs of realignment are everywhere. “We take the right wing and Republican Party seriously when they say they want to be the party of the working class,” Mitchell said. Too often, the report argues, working-class voters are thought of as white men without college degrees, likely involved in a trade like plumbing. If nothing else, Mitchell hopes the research will push Democrats to take seriously the erosion with working class voters and to move beyond one-size-fits all stereotypes when thinking about how to talk to working-class voters.

Persons: Donald Trump, “, Ohio Sen, JD Vance, Donald Trump’s, “ I’ve, MAGA, ”, Maurice Mitchell, it’s, ” Mitchell, Harris, Mitchell Organizations: Republican, Republicans, Working Families Party, Working, Democratic, NBC News, Republican Party, HIT, Biden Locations: Ohio, New York, ”

☆ Auto parts and dollar store execs warn that low-income Americans are stretched thin and running on borrowed time
▼ + stars: | 2024-09-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

AdvertisementBut Americans are not a monolith, as Jefferies consumer strategist Carey Kaufman pointed out in a note to clients Tuesday. Heading into the autumn, a considerable number of those in the bottom quintile appear to be running on borrowed time. Dollar Tree, which owns Family Dollar, reported similar consumer headwinds during its quarterly earnings this month. "What we noticed was an even tighter core consumer at the very last week of each of the months in Q2," he said. "While that's always a tighter week of the month for our core consumer, it was by far the weakest."

Persons: —, Carey Kaufman, Ted Vasos, Vasos, David Bellinger, Ryan Grimsland, Will Stengel, Ally, Russell Hutchinson, paychecks aren't, that's, Bellinger Organizations: Service, Walmart, Costco, Business, Jefferies, Goldman, Global Retailing, Mizuho, Reuters, Federal Reserve Locations: U.S

☆ Cave fossils shed light on the disappearance of Neanderthals
▼ + stars: | 2024-09-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

But other chapters, like those describing the loss of our ancient ancestors, are harder to recover as time passes. A chance finding of bones in a cave is revealing clues of a much older tragic mystery. The once-in-a-lifetime find, nicknamed Thorin after a character in “The Hobbit,” has puzzled researchers for nearly a decade. The overall winner of the competition was photographer Ryan Imperio for his photo taken during the October 2023 annular solar eclipse. The phenomenon is visible for brief moments during an eclipse when sunlight shines through the moon’s valleys and craters, creating glowing drops of light.

Persons: Duke, Wellington, Gebhard Leberecht von Blücher, Napoleon Bonaparte, Thorin, Ludovic, ”, Yuha Hasegawa, Ryan Imperio, Imperio, Zhu Yubo, Rapa Nui, Christopher Columbus, Butch Wilmore, Suni Williams, Ashley Strickland, Katie Hunt Organizations: CNN, Japan’s Nagasaki University, “, International, Astronomy, Polaris, —, NASA, CNN Space, Science Locations: Brussels, Grotte Mandrin, Rhône, New Zealand, El, Rapa, USA, Americas

☆ Stonehenge’s Altar Stone: Research rules out Scottish site as source
▼ + stars: | 2024-09-13 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

That research, published in the journal Nature, overturned a century-old idea that the stone came from current-day Wales. The Altar Stone, the largest of the bluestones used to build Stonehenge, lies at the heart of the ancient monument in southern England. “The Altar Stone is anomalous in many ways to both the bluestones and the sarsens at Stonehenge,” Bevins said. But discovering that Wales was unlikely to be the origin site for the Altar Stone was a game changer, Bevins said. The researchers compared their findings with samples from the Altar Stone and found no mineralogical connection between the rocks.

Persons: Nick Pearce, ”, Richard Bevins, ” Piecing, ” Bevins, Bevins, Paul Williams, Stenness, T Schaeffer, “ Organizations: CNN, Archaeological Science, Aberystwyth University “, UK’s Aberystwyth University, Aberystwyth University Locations: Scotland, Wales, Orkney, England, Orkney’s, Aberystwyth, Wiltshire, Salisbury, Woods, Marlborough, Preseli, British, Orkney's, Shetland, Caithness, Sutherland, Inverness, Aberdeenshire, Britain

☆ China's wealthy are increasingly looking overseas for business investment opportunities
▼ + stars: | 2024-09-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Instead of high-net-worth individuals, C-suite executives in China are increasingly using business jets, said Paul Desgrosseilliers, general manager at ExecuJet Haite General Aviation Services. ExecuJet HaiteBEIJING — China's wealthy are increasingly looking for ways to move capital outside the mainland to pursue business opportunities, rather than just chasing investment returns, according to asset managers and consultants. The company's active overseas clients rose by nearly 63% year on year to 3,244. Overseas assets under management rose nearly 15% to $5.4 billion from a year earlier, while mainland China assets under management fell over 6% to $15.8 billion, according to Noah's quarterly earnings report. "What we are hearing from them is that the fastest growth in terms of interest from Chinese clients [occurred] in the post-Covid [period to] early last year."

Persons: Paul Desgrosseilliers, ExecuJet, there's, Ryota Kadogaki, Grant Pan, Noah Holdings, Noah, Kadogaki, Mu Chen, That's, Pan, ExecuJet Haite Organizations: General Aviation Services, Beijing Daxing, Monolith, Investors, Ministry of Commerce, CNBC, Noah Holdings, Beijing Daxing International Locations: China, Beijing, BEIJING, Japan, Mainland China, Singapore, Hong Kong, Southeast Asia, East, Africa, Asia Pacific

☆ My husband has been a teacher for 18 years. This is the beginning-of-school motto our family lives by.
▼ + stars: | 2024-08-21 | by ( Saba Khonsari | ) www.businessinsider.com time to read: +4 min

My husband is about to start his 19th year of teaching, our eldest is starting 7th grade, and our youngest is starting 1st grade. Most of our parent friends try to control for all the variables — school, teachers, and sometimes even friends or classmates — and we've learned that it rarely works as intended. Even though the school was "better" on paper, it did not mean it was the better academic situation for every student. My husband and I, who are actively hands-off when requesting teachers, broke our rule regarding our youngest starting pre-K in our public independent school district. Though her teacher was amazing, still, our youngest had a completely different experience and struggled through most of her first year.

Persons: —, we've, Elizabeth Stone Organizations: Service

☆ Opinion | The Christian Case Against Trump
▼ + stars: | 2024-08-02 | by ( Eliza Griswold | ) www.nytimes.com time to read: +1 min

Days later, at the Republican National Convention, the evangelist Franklin Graham endorsed Mr. Trump from the stage, saying that “God spared his life.”But the idea of Mr. Trump as chosen by God has infuriated those evangelicals who believe that he stands in direct opposition to their faith. Their existence highlights an often-overlooked fact about the American religious landscape: Evangelicals are not a monolith. The troubling ascendancy of white Christian nationalism has galvanized evangelicals for whom following Jesus demands speaking truth to power, as well as building the kingdom of heaven on earth in actionable ways. Although this broader evangelical movement is often referred to as the evangelical left, it adheres to no party. “This isn’t about being a Democrat or a Republican,” Jim Wallis, an evangelical Christian pastor, author and justice activist, told me.

Persons: Donald Trump, Jesus, Franklin Graham, Mr, Trump, God, ” Jim Wallis Organizations: Republican National Convention, Democrat, Republican

☆ Retiring at 50 has long been a guarantee for parts of China's working class — until now
▼ + stars: | 2024-07-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

But experts and think tanks have long said this is a policy change that an aging China desperately needs. It's currently running a lopsided policy of letting women retire up to 10 years earlier despite them living significantly longer on average than men. The pension problemKey to the retirement overhaul are China's pension funds. AdvertisementMost Chinese workers receive a state pension, which can be boosted by retirement funds from employers and personal contributions. Experts say that either way, Beijing will need more than a simple policy change to fix its crisis.

Persons: —, Sabrina Luk, Shaun Rein, Luk, It's, Gu Qingyang, CASS, it's, Louis Vuitton, Gu, Rein Organizations: Service, Business, Nanyang Technological University, China Market Research Group, Academy of Social Sciences, National University of Singapore, Louis Locations: Beijing, France, China, Xiaohongshu, Weibo, Singapore, Shanghai, Asia, East Asia

☆ ‘The art of climbing’: Photographer Simon Carter capturing climbers at dizzying heights
▼ + stars: | 2024-07-24 | by ( Dhruv Tikekar | ) edition.cnn.com time to read: +6 min

Simon Carter“I like to talk about climbing photography being on a spectrum. Climbing the career ladderCarter’s passion for photography began at the age of 15, preceding his love of climbing. In 1994, Carter set up a photography and publishing business that produced a popular climbing calendar, among much else. In the 30 years since it launched, he has witnessed an explosion in the number of people pursuing climbing photography, thanks in part to the internet and the availability of digital cameras. Carter's new book "The Art of Climbing" brings together more than 200 of his images from climbing destinations around the world.

Persons: Simon Carter, Carter abseiled, Monique Forestier, Simon Carter “, you’ve, ”, Carter, Simon Carter Carter, abseiling, you’d, Ashlee Hendy, Elizabeth Chong, haven’t, I’m, you’re, “, … Organizations: CNN, “, Thames & Locations: Tasmania, Australia, Hauy, Blue, Victoria, Hudson, Thames & Hudson

☆ Europe has shown it's less afraid of calling Putin's bluff than the US and getting Ukraine what it needs to fight Russia
▼ + stars: | 2024-07-19 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +15 min

Many European countries have also given more as a proportion of their GDP than the US has. AP Photo/Peter DejongIn early 2023, France became the first Western country to promise to send Ukraine Western armored combat vehicles. European countries have also led in letting Ukraine use Western weapons to hit military targets in Russia. But there are still hangups, and some European countries want partner support for Ukraine to go much further. He said that for most Americans, "if you ask them to name five European countries, they probably wouldn't be able to do it."

Persons: —, Vladimir Putin's, George Barros, Russia doesn't, Ukraine's, Joe Biden, Volodymyr Zelenskyy, Peter Dejong, Bradleys, Abrams, Davis Ellison, John Hamilton, Russia didn't, Ellison, Donald Trump, Mark Cancian, Kaja, Andrew Kravchenko Barros, Ingrida Šimonytė, Putin, Barros, It's, forwardness, Philip Ingram, Ingrida Simonyte, Denys Shmyhal, it's, Getty Images Ingram, Biden, JD Vance, it'll Organizations: Service, Kyiv, Business, High Mobility Artillery Rocket Systems, Mirage, AP, Ukraine Western, US, Army Tactical Missile Systems, Storm Shadows, The Hague, Strategic Studies, Army Tactical Missile, Russian, NATO, Marine, Center for Strategic, International Studies, Eastern, Estonia's, Lithuanian, REUTERS, British Army, Ukrainian Governmental Press Service, Anadolu, Getty Images, Republican, America, GOP, Ukraine, Prosecutor's, Getty, White Locations: Russia, Ukraine, Washington, Europe, United States, Russian, Denmark, Netherlands, Norway, Belgium, European, Sweden, France, Paris, Kharkiv, Poland, Germany, Zhytomyr, Kyiv, Borodianka, Ukraine's Kyiv, Ukrainian

☆ Hacker group claims it leaked internal Disney Slack messages
▼ + stars: | 2024-07-15 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —An activist hacking group claimed it leaked thousands of Disney’s internal messaging channels, which included information about unreleased projects, raw images computer codes and some logins. Nullbulge, the “hacktivist group,” claimed responsibility for the breach and said they leaked a gigantic, roughly 1.2 terabytes of information from Disney’s Slack, a communications software. In an email on Monday to CNN, the group claimed it gained access through “a man with Slack access who had cookies.” The email also claimed the group was based out of Russia. The hackers said they leaked the data because making demands of Disney would be futile. “If we said ‘Hello Disney, we have all your slack data’ they would instantly lock down and try to take us out.

Persons: ”, Disney’s Slack, Slack, Disney, “, Nullbulge, CNN’s Erika Tulfo, Jon Passantino Organizations: New, New York CNN, CNN, ESPN, Hulu, Disney, ABC News, Disneyland, Screen Actors Guild, Writers Guild of America, Sony Pictures Locations: New York, Russia, Disneyland Paris, North Korea

☆ Replacing Biden with anyone but Harris would be a real headache for Democrats
▼ + stars: | 2024-07-03 | by ( Alice Tecotzky | Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

That's because she shares a campaign committee with Biden, Ghosh said. Or, in yet another version of the future, the Biden campaign could transfer the funds to the national party. Rep. James Clyburn of South Carolina, whose backing helped Biden win the state's 2020 primary, has said he would want Harris if Biden drops out. AdvertisementIn Washington, where the optics are never far out of sight, it would be impossible to ignore passing over the first female vice president for a man, or the first Black vice president for a white candidate. AdvertisementAlready, Republicans are preparing for a potential Harris bid should she get the nomination and, with it, the campaign money.

Persons: —, Joe Biden, Kamala Harris, Biden, Harris, Saurav Ghosh, Ghosh, there's, James Clyburn of, it's, Clyburn, Gavin Newsom, Gretchen Whitmer, Whitmer Organizations: Service, Wednesday, Associated Press, Business, Democratic Party, AP, Biden, NBC, Democratic, Rep, MSNBC, Black, Michigan, Republican National Committee Locations: James Clyburn of South Carolina, Washington, California

☆ Las Vegas monolith: Mystery column removed from hiking trail near Gass Peak
▼ + stars: | 2024-06-23 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

CNN —A strange monolith found jutting out of the rocks in a remote mountain range near Las Vegas has been taken down by authorities. Members of the Las Vegas police search and rescue team found the object near Gass Peak, part of the vast Desert National Wildlife Refuge where bighorn sheep and desert tortoises can be found roaming. Then came sightings in Romania, central California, New Mexico and on the famed Fremont Street in downtown Las Vegas. Fish and Wildlife Service, is the largest wildlife refuge outside of Alaska and can cover the state of Rhode Island twice. The department said it “discourages anyone from venturing off marked trails or leaving objects and items behind.”“This poses a danger to you and the environment,” Las Vegas police said.

Persons: Stanley Kubrick, Nick, didn’t, Christa Weise Organizations: CNN, Las, Wildlife, Utah’s Department of Public Safety, Authorities, U.S . Fish, Wildlife Service, Land Management Locations: Las Vegas, Las, Romania, California, New Mexico, Fremont, Las Vegas ., Utah, Alaska, Rhode, In Utah

☆ Las Vegas monolith: A ‘mysterious’ pillar appears on hiking trail in Nevada
▼ + stars: | 2024-06-19 | by ( Christy Choi | ) edition.cnn.com time to read: +3 min

CNN —Another “mysterious” monolith has been spotted. This time, on a Las Vegas hiking trail in Nevada, according to the Las Vegas Metropolitan Police Department (LVMPD). “How did it get up there?”The monolith was found over the weekend near Gass Peak north of Las Vegas, it added. The pillar is reminiscent to ones popping up all over the world shortly after a 10-feet silver monolith was discovered in late 2020 by a helicopter crew flying over an Utah desert. As for the one found on the Las Vegas hiking trail, social media users claimed the monolith isn’t actually new.

Persons: Craig Muir, ”, that’s, Gallerist David Zwirner, John McCracken, John, Tom Dunford, ‘, “ I’m Organizations: CNN, Las Vegas Metropolitan Police Department, Facebook, BBC Locations: Las Vegas, Nevada, Gass, Utah, California, Romania, Isle of Wight, England’s, Powys County, Wales, Vegas, ” In Nevada

☆ 'Bridgerton' showrunner Jess Brownell says author Julia Quinn gave her blessing for Francesca's queer romance
▼ + stars: | 2024-06-18 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Read previewWarning: Major spoilers ahead for season three, part two of "Bridgerton," and "When He Was Wicked," the sixth Bridgerton book. "In, for example, deciding to tell a queer story with Francesca, I spoke with Julia Quinn, I got her blessing." She finds that partner in John Stirling, the Earl of Kilmartin (Victor Alli). Hannah Dodd as Francesca Bridgerton and Victor Alli as John Stirling on season three, episode six of "Bridgerton." Victor Alli as John Stirling and Masali Baduza as Michaela Baduza in the season three finale of "Bridgerton."

Persons: —, Francesca Bridgerton's, Hannah Dodd, Julia Quinn, Jess Brownell, Francesca, John Stirling, Earl, Kilmartin, Victor Alli, John, Francesca Bridgerton, Liam Daniel, Michaela Stirling, Masali, Michaela, Michael Stirling, Michael, Brownell isn't, I've, Brownell, Masali Baduza, Michaela Baduza, Netflix Brownell, Quinn, Benedict, Shonda Rhimes Organizations: Service, Teen Vogue, Business, Netflix, Hollywood Locations: Scotland

☆ More millennials are financially secure than you think, and some are stepping in to support parents and older family members
▼ + stars: | 2024-06-17 | by ( Sophia Acevedo | ) www.businessinsider.com time to read: +5 min

Younger generations sometimes rely on family for financial support, but the opposite is also true. Gomez liquidated his assets and gave money to his dad to help pay off the loans. Hughes also sets aside some money each year for a fund to help other family members. "I would fund an account at the beginning of the year, and then if anyone in the family asked me to borrow money, it would come out of the family fund," Hughes said. "If they paid it back, it would go back into the family fund," Hughes said.

Persons: Millennials, —, Zers, they're, Jose Gomez, Gomez, Steven M, Hughes, he's, Z, Britni, Cartwright, wasn't, She's Organizations: Service Locations: United States

☆ Investors are hoarding cash, a tidal wave of non-tech earnings is quietly rising, and 3 other fascinating takeaways from JPMorgan Asset Management's mid-year outlook
▼ + stars: | 2024-06-15 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Since then, those technology titans have crushed the rest of the market in earnings growth and returns. By contrast, the other 493 stocks in the S&P 500 saw their earnings fall in 2023. The firm is calling for 17% earnings growth in the fourth quarter, both for stocks in and out of the Magnificent 7. All 11 market sectors will enjoy earnings growth in Q4 for the first time since Q2 of 2021, according to JPMAM's projections. That includes healthcare, energy, and materials, which saw earnings decline earlier this year.

Persons: Tesla, Stocks, Santos, JPMAM Organizations: Asset Management, Apple, Meta, Microsoft, Nvidia

☆ Jim Cramer says the stock market is a 'work in progress' towards a rate cut
▼ + stars: | 2024-06-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer reviewed Tuesday's market action, suggesting to investors the moves may be a good setup for rate cuts. "You get a day like today, it's a work in progress toward a rate cut, hence why we rebounded in the late afternoon," he said. "We have days like today that are good setups for a rate cut, but that doesn't give us enough evidence to truly move the needle." Cramer also stressed that market action can't be explained in purely simple terms — even if such a fraught summation isn't satisfying. It doesn't make things simple," he said.

Persons: CNBC's Jim Cramer, Cramer, Friday's Organizations: Federal Reserve

☆ An icon of Detroit’s ruin is now a symbol of Motor City’s economic resurgence
▼ + stars: | 2024-06-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

CNN —For more than 35 years, Michigan Central Station has lain dormant, towering above Detroit’s Corktown neighborhood as a harsh and stoic reminder of the city’s economic pain. Now, Michigan Central Station, the neighboring old Book Depository and Butler himself are all symbols of hope for Detroit’s future and its ongoing economic resurgence. An aerial view of Michigan Central Station and the surrounding property, including the former Book Depository (left), under construction in 2020. Stephen McGee/Michigan Central Michigan Central Station's Grand Hall before and after the six-year renovation project funded by the Ford Motor Company. And with Michigan Central Station coming online, that’s only expected to grow.

Persons: Ronald Butler, “ We’ve, ” Butler, Timothy Fadek, ”, Henry Ford’s, Butler, James Haefner, Mary Culler, Ford, ‘, Kevin Johnson, Stephen McGee, ” Johnson, “, Johnson, Charles Dougherty, I’m, Geoff Robins, ’ ” Dan Austin, Eminen’s, Rebecca Cook, Bill Ford, CNN’s Poppy Harlow, Michigan Central Stephen McGee, tradespeople, Carlos Osorio, ” Austin, Josh Sirefman Organizations: CNN, Michigan Central, Detroit Fire Department, ”, Train Station, Motor, Detroit, Michigan Central Station, Storage Safety, Michigan, Ford Motor Company, Depository, Ford, Detroit Economic Growth Corporation, of Labor Statistics, Getty, Honda Accord, Reuters, Denver’s, Michigan Central Michigan Central Station's Locations: ” Michigan, Motor City, Michigan, Detroit, “, Wells Fargo, AFP, ”, ’ ” Dan Austin , Michigan, America, Indiana

CFP Daniel Masuda Lehrman says the two biggest contributors to poverty are housing and cars. I spoke with certified financial planner Daniel Masuda Lehrman founder of Masuda Lehrman Wealth, a Honolulu, Hawaii-based financial planning firm, on how Asians living in poverty can handle several money challenges at once. That's because housing is usually the biggest expense in your budget, says Masuda Lehrman, who specializes in multigenerational wealth. If you have credit card debt, see what hardship options the card issuer offers. Consider a credit card balance transferCredit card debt is expensive.

Persons: Daniel Masuda Lehrman, Masuda, Masuda Lehrman, there's, —, doesn't Organizations: Pacific Islander Heritage, Pew Research Locations: American, America, U.S, Honolulu , Hawaii

☆ Behind the curtain of the global arms trade
▼ + stars: | 2024-05-14 | by ( Momo Takahashi | ) www.businessinsider.com time to read: +7 min

In his new book, "Nothing Personal: The Back Office of War," photographer Nikita Teryoshin lifts the veil on the global arms trade, capturing defense exhibitions worldwide. Closed to the public, his series offers a rare inside look into the lucrative global arms industry. Guests, politicians, and traders watch a live demonstration of warfare at the International Defense Exhibition in Abu Dhabi. After the construction and the oil and gas sectors, the global arms trade is one of the most corruption-prone sectors in the world, according to Transparency International. By contrast, the international trade of bananas is more tightly regulated than the arms trade, according to the introductory note of the United Nations Arms Trade Treaty.

Persons: Nikita Teryoshin, Teryoshin, Rafael, KAI, Lockheed Martin Organizations: Business, International Defense, Bofors, International Defense Industry, International Defense Exhibition, Rafael Advanced Defense Systems, United Nations Arms, Black Eagles, Nikita, Kalashnikov, Lockheed Locations: East, Ukraine, France, Paris, United States, China, Abu Dhabi, Russia, India, Poland, UAE, Saudi Arabia, Peruvian, Lima , Peru, Korean, Seoul

☆ Beth Rodden: After her kidnapping, she was ‘embarrassed’ to feel traumatized. Now, this climber is learning to be vulnerable
▼ + stars: | 2024-05-01 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +7 min

CNN —Weeks after being taken hostage by captors from the Islamic Movement of Uzbekistan, American climber Beth Rodden was back home – but plagued by nightmares of her ordeal. On their return to the US, Rodden was baffled to find that people within the climbing community were inclined to “celebrate” their ordeal. And obviously, this was a harrowing tale,” Rodden tells CNN Sport 24 years on from the incident. Rodden struggled with insomnia and nightmares, and although she went to a few therapy sessions she says she didn’t really open up. People that are postmenopausal that are older, younger – I feel like it’s just becoming a more inclusive, well-rounded community,” she added.

Persons: CNN — Weeks, Beth Rodden, Rodden, Tommy Caldwell, –, Caldwell, Beth Radley, Jason Smith, John Dickey, ”, ” Rodden, Rich Pedroncelli, “, ‘, It’s, ‘ You’re, ’ Rodden, Ryan Moon, There’s, Smith Organizations: CNN, Islamic, of, CNN Sport, “ Locations: of Uzbekistan, American, Kyrgyzstan, Kyrgyz, Tajikistan, El Capitan, Davis , California, perfectionism, Yosemite, Oregon

☆ Magnificent 7 is not a monolith in this stock picker's market, says Alison Porter
▼ + stars: | 2024-04-29 | 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 EmailMagnificent 7 is not a monolith in this stock picker's market, says Alison PorterAlison Porter, Portfolio Manager of the Global Technology Fund at Janus Henderson, discusses mega-cap tech earnings, including upcoming results from Apple and Amazon.

Persons: Alison Porter Alison Porter, Janus Henderson Organizations: Global Technology Fund, Apple

☆ Miami is 'ground zero' for climate risk. People are moving to the area and building there anyway
▼ + stars: | 2024-04-26 | by ( Greg Iacurci | ) www.cnbc.com time to read: +20 min

South Pointe Beach in Miami Beach, Florida. Climate risk is "always on our thoughts," said Habibian, 39, who moved to Miami-Dade County about six years ago. Despite that risk, 66% of Miami-Dade County residents said they'd never leave, according to a study published in the journal Climate Risk Management. "We try to be smart about it, try to be proactive as best we can," Arditi said of climate risk. Juxtaposed at left was one of the last remaining patches of mangroves in the urban Miami area, a living memorial to a once-thriving population.

Persons: Greg Iacurci, Daniel Habibian, Harold Wanless, Sonia Brubaker, Saul Martinez, Andrew Rumbach, Rumbach, Joe Raedle, Irma, Al Diaz, they'd, Steven Bustamante, Bustamante, Jeff Greenberg, There's, David Arditi, Arditi, Aria's, Jeff Bezos, Goldman Sachs, Douglas Sacks, Ken Griffin, Brubaker, Biscayne Bay . Miami Worldcenter, Chandan Khanna, Dion Williams, Williams, Dion, Todd Crowl, Crowl, We're, Erik Salna, Chris Baraloto, Rita Teutonico, Amy Knowles, Knowles, it's, City of Miami Beach Greg Iacurci Miami Organizations: Greg Iacurci MIAMI, University of Miami, City, CNBC, Cumming Group, Florida Department of Transportation, Bentley, Bloomberg, Getty, Urban Institute, Organisation for Economic Co, Miami, Volunteers, Florida Keys, Miami Herald, Tribune, Service, Dade, Risk, Yale University's School of, Finance, SEC, Miami Beach, Universal, Group, Aria Development, National Association of Realtors ., Miami Realtors, Amazon, Citadel, Resorts, Bloomberg News, Dade County's, Getty Images, Residences, Pointe Park, Fifth, Afp, Federal Emergency Management Agency, Management, Sunshine, Insurance, Institute, Florida International University Institute of Environment, Hurricanes, University of Pennsylvania, International Hurricane Research, of, Florida International University, City of Miami Beach Locations: Pointe Beach, Miami Beach , Florida, Miami, South Beach, Dade, City of Miami, Dade County, New York, Fort Lauderdale, West Palm, South Florida, Florida, Tampa, St . Petersburg, Miami , Florida, Southeast Florida, Miami Beach, City, Aria's Miami, U.S, California , New York, New Jersey, America, Caribbean, New York City, Biscayne Bay . Miami, Pointe, It's, Surfside, . Florida, Biscayne Bay, Miami's, Bermuda, Kampong, Coconut Grove, Brittany Bay, South Pointe, City of, Brittany Bay Park

☆ Bank of America lays out the exact scenario that could finally pop the stock market's AI bubble
▼ + stars: | 2024-04-26 | by ( Joe Ciolli | Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bank of America says the ongoing "anything but bonds" bull market has led to a very top-heavy stock market. The firm is watching real 10-year yields and credit spreads for signals of when that AI-led rally could end. BofA says higher yields and tighter spreads could sound recession alarms and spur a stock sell-off. The key piece is the cohort of mega-cap tech companies that have long dominated stock-market performance, largely because of their affiliation with AI. In the meantime, if you subscribe to BofA's view, you should be watching the 10-year real yield for a signal of when any such downturn is coming.

Persons: BofA, —, YCharts There's Organizations: of America, Service, Bank of America, Apple, Nvidia, Microsoft

Search resuls for: "Monolith"

25 mentions found