DIRS.INFO The most relevant business & tech news

☆ Why this JPMorgan exec says you should sleep more
▼ + stars: | 2024-10-07 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Lemkau told BI why you shouldn't skimp on sleep or be overly obsessed with your job. As CEO of JPMorgan Wealth Management, Lemkau runs a unit with $1 trillion in client assets and nearly 10,000 employees. She disagrees with Wall Street's "work until you drop" culture that encourages skimping on sleep to get the job done. Lemkau got used to sleeping less in order to balance her career at JPMorgan and raising two children. Lemkau chose sleep and unplugging from technology, aiming for eight hours of sleep a night and not using her phone before bed.

Persons: JPMorgan's Kristin Lemkau, Lemkau, —, Kristin Lemkau, Wall, Arianna Huffington, shortchanging, Stephen Squeri, Goldman Sachs, Brian Robinson Organizations: Service, JPMorgan, JPMorgan Wealth Management, Huffington, American Express Locations: Manhattan

☆ Credit Card Rewards Are Making Us Jerks, Causing Fights Among Friends
▼ + stars: | 2024-07-25 | by ( Emily Stewart | ) www.businessinsider.com time to read: +15 min

He's not doing all this out of the kindness of his heart; he's doing it because he wants the credit-card rewards. In a recent poll from Ipsos, 71% of Americans surveyed said they had some sort of rewards, points, or cash-back card, and 80% of those with such a card said they valued their rewards. But maybe we love our credit-card rewards too much, to the point that it's making us act in less-than-ideal ways toward those we hold near and dear. But credit-card rewards are, indeed, making things uncomfortable. I recently booked a fight with a friend who remarked she'd gotten some $300 in travel credit from her rewards card.

Persons: Pam, she's, It's, He's, Jane, Joe, there's, Mary fuming, Matt Schulz, Taylor Swift, I'm, Jen, who's, She'd, nonpoints, Emily Thompson, Guy, they'd, Ted Rossman, —, Danielle Bayard Jackson, she'd, Thompson, I'd, Matt, " Schulz, LendingTree, they've, Emily Stewart Organizations: brunch, LendingTree, American, Business Locations: San Francisco, Ipsos, Singapore, Chicago, Alaska, Florida

☆ The American shopping spree is losing steam
▼ + stars: | 2024-05-30 | by ( Bryan Mena | Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

CNN —It’s becoming tougher and tougher for Americans to carry on with their spending spree. Years of elevated inflation and the highest interest rates in almost a quarter century are wearing out the US consumer. Savings accumulated during the Covid-19 pandemic are drying up, borrowers continue to rack up debt and delinquencies are marching higher. A second estimate of gross domestic product, released Thursday, showed that consumer spending was weaker in the first three months of the year than initially reported. Economists polled by FactSet are expecting data to be released Friday to show that consumer spending slowed notably in April from March.

Persons: CNN —, they’ll, ” Carol Schleif, FactSet, Thomas Kingsbury, TJ Maxx Organizations: CNN, Savings, BMO Family Office, Employers, Walmart, Dollar, Goods, Abercrombie, Fitch

☆ The Meteoric Rise and Spectacular Fall of the Queen of Airbnb
▼ + stars: | 2024-04-21 | by ( Dan Latu | ) www.businessinsider.com time to read: +18 min

Now, after she made her pitch at the VFW hall, attendees clamored around Widell, eager to have her manage their Airbnb rentals. The reign of the Airbnb Queen of Tulsa was over — and her subjects were left to pick up the pieces. Dominic Bugatto for BIThe "Queen of Airbnb" label, which started off as Widell's Airbnb account name, helped create an aura of omnipotence. According to those familiar with the business, Widell seemed to be shifting her focus away from Airbnb rentals to the house-staging business. Today, her "Tulsa Airbnb Group" on Facebook remains active, with some 1,000 members.

Persons: Airbnb, Dani Widell, Widell, Kathy Portley, weren't, —, Emily Burke, Will Widell, They'd, thrifty, Will, who'd, Logan Haskett, Dominic Bugatto, Burke, hadn't, Knikki Nash, she'd, Mallory Massey, Massey, David Brunson, Brunson, Renee Brummett, We've, Dani hasn't, Brummett, doorstepped, unraveled, Nash, Dani, Widell's, carting, Will cosigned, Brummet, Tulsa's, Meagan McCollum, Bram Gallagher, Gallagher, Dan Latu Organizations: VFW, Tulsa, Facebook, Tulsa Real Estate Investors Association, Oklahoma State University, Tulsa People, Mahogany Prime, Summit, Downtown, Social, Bank of America Center, PGA, Investors, Widell, Employees, Rover, BI, nonpayment, University of Tulsa, Business Locations: Tulsa, Tulsa ., Widell, Airbnb, Brady, Arkansas, —

☆ Your movie theater may be shortchanging your drinks, a lawsuit alleges
▼ + stars: | 2024-04-19 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

CNN —Not even a beer at the movies is spared from shrinkflation, alleges a lawsuit against Cinemark. Waldrop then took the container home and measured it for himself, finding it only held 22 ounces, according to the lawsuit. Rising prices seem to have boosted that revenue: Cinemark reported concession revenue for 2023 exceeded revenue in 2019 by 3%, even though movie attendance was 25% lower. A 20-ounce drink at the Plano, Texas, Cinemark theater Waldrop visited costs $7.80 pre-tax, while a 24-ounce drink costs just $1 more, at $8.80. “The 24 oz drink should provide a deal for consumers over the 20 oz drink’s price: $0.37 per ounce vs. $0.39 per ounce,” the lawsuit said.

Persons: Shane Waldrop, Waldrop, overpaying, ” Jarrett Ellzey, Cinemark, ”, Pennsylvania Democratic Sen, Bob Casey, ” Ellzey, “, CNN’s Bryan Mena Organizations: CNN, Cinemark, Pennsylvania Democratic, Labor Department Locations: shrinkflation, Texas, Plano , Texas

☆ Teachers are using AI to grade essays. Students are using AI to write them
▼ + stars: | 2024-04-06 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +8 min

A report by strategy consultant firm Tyton Partners, sponsored by plagiarism detection platform Turnitin, found half of college students used AI tools in Fall 2023. The practice of using AI for writing feedback or grading assignments also raises ethical considerations. But teachers should then grade students’ work themselves when looking for novelty, creativity and depth of insight. “Using feedback that is not truly from me seems like it is shortchanging that relationship a little,” she said. She also sees uploading a student’s work to ChatGPT as a “huge ethical consideration” and potentially a breach of their intellectual property.

Persons: Diane Gayeski, “, ”, Gayeski, —, They’re, it’s, Dorothy Leidner, Leidner, Leslie Layne, Leslie Layne Leslie Layne, ChatGPT, OpenAI, Alan Reid, Layne, ” Nicolas Frank Organizations: CNN, Ithaca College, Tyton Partners, Microsoft, University of Virginia, University of Lynchburg, Houghton Mifflin Harcourt, Center for Research, Reform, Education, Johns Hopkins University Locations: Virginia, foolproof

☆ The rise of gig workers is changing the face of the US economy
▼ + stars: | 2023-07-24 | by ( Samantha Delouya | ) edition.cnn.com time to read: +9 min

The number of gig workers is growing and making an impact throughout the economy. But workplace experts say the number of gig workers is growing, and and their impact is being felt throughout the economy. “People who have access to the gig economy borrow less money than people who don’t. Working in the gig economy can help people spend more time searching for their next job, if they've been laid off. “We could do so much better.”Recently, local governments have attempted to bolster platform gig workers’ protections.

Persons: Los Angeles CNN — Lazarus, ”, that’s, Eric Baradat, Louis Hyman, Uber, DoorDash, Jenn Rosenberg, Hyman, “, Erica Groshen, they've, Spencer Platt, Doordash, Susan Houseman, Groshen, we’ve, ” Groshen, they’re Organizations: Los Angeles CNN, Uber, CNN, DoorDash, Getty, of Labor Statistics, Cornell University, “ Society, University of Chicago, IRS, Bureau of Labor Statistics, Massachusetts Institute of Technology, BLS, . Upjohn Institute, Employment Research, North, New York City, Federal Reserve, Federal, System Locations: Hill , North Carolina, “, United States, AFP, DoorDash, Kalamazoo , Michigan, North America, New York, California

☆ Florida’s homeowner insurance rates are four times the national average. That’s not getting better anytime soon
▼ + stars: | 2023-06-01 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

But no matter how many storms hit Florida this year, the state’s residents are already struggling as they try to get homeowners’ insurance. But in Florida, State Farm has about 7% of the market, according to the Insurance Information Institute, an industry trade group. Just more than half of insurers based in Florida are on the state insurance regulator’s watch list due to their financial health. Homeowners in the state pay private insurers about $6,000 a year, compared to a national average of $1,700. But wind damage to homes and roofs are covered under homeowners’ insurance policies.

Persons: ”, Mark Friedlander, hasn’t, Friedlander, It’s, Hurricane Ian, Harvey, “ We’ve, shortchanging policyholders, Stephen Cain, “, Matthew Carletti, “ They’ve, ” Carletti, There’s Organizations: New, New York CNN — Hurricane, State, Insurance Information Institute, Homeowners, Atlantic, National Oceanic, Atmospheric Administration, Hurricane, NOAA, National Flood Insurance, Insurance, Property Insurance Corp, Citizens Property Insurance Corp, Citizens, Dade, JMP Securities Locations: New York, Florida, South Florida, Miami, Broward, Monroe County, South, Atlantic Coast

☆ Seth Rogan is 'distressed' that streaming companies are 'digging in on' using AI to write for TV, sharing support for the strike: 'Thank god for labor unions'
▼ + stars: | 2023-05-14 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Seth Rogan threw his support behind striking writers and echoed concerns over the use of AI in writing television shows. Rogan said you'd have to "shove a lot of weed" into an AI model to get it to write good-quality TV. Members of the guild previously told Insider they are worried about the threat of AI models like ChatGPT usurping writers as a cheaper substitute. Studios will never act fairly or equitably without being forced to," Rogan told IndieWire. "I'm personally very disturbed and distressed by the lack of information that I personally get from these streaming services that we have films and television shows on," Rogan told the outlet.

☆ BP’s Fuel Station Deal Meets Inconvenient Bid
▼ + stars: | 2023-04-06 | by ( Jinjoo Lee | ) www.wsj.com time to read: +1 min

Travel Center of America shareholders will vote on the matter on May 10. TravelCenters, though, wants to stick with BP’s lower bid. Depending on whom you ask, it is either playing it safe or catering to one conflicted shareholder, shortchanging the majority. About a month later, fuel station operator ARKO emerged with an unsolicited rival bid of $92 a share. Investors will get to vote on the matter on May 10, according to TravelCenters’ proxy filed on Monday.

☆ Employees Are Using Job Offers to Win Big Raises From Their Employers
▼ + stars: | 2022-11-28 | by ( Aki Ito | ) www.businessinsider.com time to read: +10 min

Employers, not surprisingly, hate that people are using job offers as bargaining chips. That strategy may work for employers in a normal job market, when it's hard to find another job, let alone a better-paying one. "Employees are finding that there's a big gap between where they are and what they can get." "The job market is still performing very well," says Jay Denton, the chief analytics officer at LaborIQ, a compensation-data provider. Independence, it turns out, pays way, way better than loyalty.

☆ Rates on I bonds are expected to drop in November. Why they're still offering the best risk-free return
▼ + stars: | 2022-10-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

If you buy an I bond before Oct. 28, you will lock in the 9.62% interest rate for six months. How to buy I bonds I bonds can only be bought on the government website, TreasuryDirect.com , which has been recently updated . "If you are going to need it in the next year or two, that is a great interest rate you can make." However, a diversified bond portfolio will likely provide the same results over the long term, she added. Another thing to think about is how much you are holding in I bonds, McLoughlin said.

☆ Trump once tried to pay a $2 million legal bill with a horse, a new book reveals. His reputation for shortchanging lawyers made the firm that helped him win the 2016 election doubt they would get paid
▼ + stars: | 2022-09-16 | by ( David Enrich | ) www.businessinsider.com time to read: +8 min

In a new book, David Enrich takes a deep dive into the 127-year-old law firm Jones Day. Donald McGahn, a partner at Jones Day, left the firm to serve as Trump's White House counsel. Harper CollinsOne day in the spring of 2015, McGahn took a Jones Day associate over to Trump Tower. David EnrichOn April 23, 2015, a check for $6,451.38 arrived at Jones Day. But against all odds, Trump paid and paid again.

Search resuls for: "shortchanging"

13 mentions found