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☆ Nvidia boss Jensen Huang predicts computing power will increase a 'millionfold' in a decade
▼ + stars: | 2024-11-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

AdvertisementJensen Huang made a bold prediction that computing power will increase a millionfold in a decade. So-called "scaling laws" observe that AI models get smarter with more computing power. Nvidia CEO Jensen Huang has said that the computing power driving advances in generative AI is projected to increase by "a millionfold" over the next decade. In a special address on Monday, the billionaire chip boss told an industry conference in Atlanta that computing power was seeing a "fourfold" increase annually. OpenAI, for instance, is facing slower rates of improvement with its upcoming AI model, Orion, according to The Information.

Persons: Jensen Huang, Huang, Ilya Sutskever, they've Organizations: Nvidia, Companies, Orion, Reuters Locations: Atlanta, Silicon Valley

Trump's first 100 days are likely to be a rollercoaster, especially given his affinity for headline-grabbing moves. These structured channels helped ensure open dialogue on issues like tariffs, technology restrictions, and financial stability. A potential role for Elon Musk as a geopolitical go-between China might look to alternative channels to manage relations with Trump's administration. National security and AI, autonomous vehicles National security considerations will also be front and center in Trump's early China policy, especially regarding technology restrictions. Expect tariffs, technology restrictions, and Trump's unique brand of diplomacy to push the relationship to its limits.

Persons: Donald Trump, Xi Jinping, Kevin Lemarque, Donald Trump's, Trump, Mao Ning, Trump's, Biden, Elon Musk, Tesla, he's, Robin Ren, Ying Yong, Wu Qing, hasn't, Steve Wynn, Musk, — Organizations: Reuters, White, U.S ., Foreign, Treasury, Commerce, Tesla Inc, Bloomberg, Getty, European Union, Trump Locations: Osaka, Japan, U.S, China, Beijing, Shanghai, Washington, Taiwan, European, South Korea, Trump's

☆ CNBC Daily Open: Amid focus on elections, don’t take your eyes off markets
▼ + stars: | 2024-11-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. CNBC's election liveblogAs results for the U.S. presidential election start trickling in, CNBC is covering updates live. Markets rally as investors await resultsU.S. markets experienced a broad rally on Tuesday. Individual sectors' movements, however, are more sensitive to the sitting president because their policy often touches on specific parts of the economy.

Persons: Europe's, Hugo Boss, Stocks, It's, doesn't, Bob Pisani, Crypto's, Coinbase Organizations: CNBC, U.S, NBC Locations: Asia, China, U.S

☆ Airbus' new plane is the answer to an aging, inefficient Boeing jet that airlines are scrambling to replace
▼ + stars: | 2024-11-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Some airlines have bought Airbus' new extra-long-haul A321XLR to replace their aging Boeing 757s. That's about 800 miles further than its predecessor and at least 880 miles further than its closest competitor: the aging, out-of-production Boeing 757. Carriers like United Airlines and Icelandair are lining up for the new jet, putting in more than 550 orders so far. Continental Airlines, now United Airlines, switched its 757-300 order to the newer 737-800 in 2003, for example. Icelandair will also replace its 757 fleet with the A321XLR, abandoning the largely all-Boeing fleet it has operated for decades.

Persons: —, Bjorn Fehrm, Boeing's, Icelandair, it's Organizations: Airbus, Boeing, United Airlines, Delta Air Lines, Service, Carriers, Iberia, Continental Airlines, Leeham, Seattle Times, Max, United, Business Locations: Spanish, France, North Africa

☆ Kotak Mahindra Asset Management's outlook on Indian automotive sector and diversification picks
▼ + stars: | 2024-10-30 | 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 EmailKotak Mahindra Asset Management's outlook on Indian automotive sector and diversification picksHarsha Upadhyaya, CIO Equities at Kotak Mahindra Asset Management sees pressure building up in the Indian automotive sector. There has been inventory buildup from demand slowdowns, especially so from lower end consumers. He recommends gold and silver ETFs as good ways to diversify portfolios for the next year.

Persons: Harsha Upadhyaya Organizations: Mahindra Asset Management

☆ IMF says global fight against inflation is 'almost won' but warns of rising risks
▼ + stars: | 2024-10-22 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +5 min

"The global battle against inflation is almost won," the IMF report trumpeted, even as it called for "a policy triple pivot" to address interest rates, government spending, and reforms and investment to boost productivity. The fund kept its global growth estimate at 3.2% for 2024 and 2025 — which it called "stable yet underwhelming." Market volatility among key downside risksHeightened financial volatility is another threat to global growth, the IMF report said. Further challenges to global financial markets could come in the final stretch of the fight against inflation. The IMF forecasts global growth will rise 3.1% annually at the end of the 2020s, the lowest level in decades.

Persons: Pierre, Olivier Gourinchas Organizations: International Monetary Fund, Global, Vigilance, IMF Locations: Washington , DC, United States, The Washington, Brazil, Mexico, America, Europe

☆ Apple's Made-in-the-USA chips signal a turnaround for the US' big semiconductor bet
▼ + stars: | 2024-10-16 | by ( Jacob Zinkula | Alistair Barr | ) www.businessinsider.com time to read: +7 min

AdvertisementThe US's efforts to produce more semiconductor chips have encountered some challenges over the past few years, but the tide may be turning. In 2022, President Joe Biden signed the CHIPS Act into law, which included $39 billion in manufacturing incentives for chip production in the US. Last year, TSMC announced that the official opening of its first Arizona fab would be pushed back from 2024 to 2025. TSMC's production of Apple chips is good news for Americans hoping to land jobs in the industry, Patel said. He said he thinks TSMC's production of Apple chips would bode well for the future.

Persons: TSMC, Biden, It's, —, Tim Culpan, Culpan, Tim Cook, Dylan Patel, SemiAnalysis, Mark Muro, Apple, Harris, Joe Biden, Arizona hasn't, it's, Morris Chang, Patel, Muro, bode Organizations: Apple, Service, Brookings Institution, Biden, Management, Workers, Brookings Institute, Semiconductor Industry Association Locations: Arizona, Taiwan, Phoenix

☆ It's a tough time to be a tech graduate — AI and layoffs have made it a competitive job market
▼ + stars: | 2024-10-12 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +10 min

Tech graduates, once near-guaranteed a role, are facing a tough job market. The rise of AI, offshoring, and tech layoffs are making roles more competitive. While the US job market is improving, experts say tech graduates are still struggling — and will continue to for a while. AdvertisementLayoff streakAfter two years of brutal tech layoffs, demand for tech workers has still not returned to pre-pandemic levels. "But there just isn't a lot of bites right now to say that AI is eliminating roles for entry-level workers."

Persons: —, Alex Diaz, Diaz, Diaz isn't, I'm, I've, James O'Brien, O'Brien, Alec Wolyniec, he's, Wolyniec, Alex Hernandez, Hernandez, Kantenga, Gen, Gen Z, Chris Abbass, it's Organizations: Tech, Service, of Maryland, —, University of Maryland, University of California, ADP, Federal, Emory University, LinkedIn, Twitter Locations: Berkeley, WFH

☆ Here are the stocks that win when the Fed cuts rates with no recession
▼ + stars: | 2024-09-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Fed funds futures have fully priced in that the central bank will lower interest rates, according to CME's FedWatch tool . Many now expect the Fed will achieve the coveted "soft landing" outcome, which means inflation is curbed without tipping the economy into a recession. Rate cuts without a recession has historically been a positive mixture for stocks. Given this backdrop, CNBC Pro screened for names that have performed nicely in past periods where the Fed pulled rates lower without the U.S. economy tipping into a recession. To find these companies, CNBC Pro searched the S & P 500 for members with the highest median gain one year after the Fed has cut rates without an official recession.

Persons: Genuity, LSEG, Paul Lejuez, WMT Organizations: Reserve, CNBC Pro, Nike, Dow Jones Industrial, Intel, Boeing, Walmart, Dow, Citi, Wall Locations: U.S, Rochester , New York

☆ This volatility-resistant area of the stock market is ripe for outperformance after two decades of decline, according to Bank of America
▼ + stars: | 2024-09-11 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

According to Bank of America, one area of the market is set to benefit from increased market volatility: quality stocks, or stocks with strong business models and financial fundamentals. And the cherry on top is that quality stocks — which typically become expensive during downturns — are still cheap despite their recent rally, coming out of a two-decade rut. As seen in the graph below, the high-quality factor serves as a hedge against elevated market volatility. Bank of AmericaQuality is still cheapLuckily for investors, this safe-haven area of the stock market is trading at an attractive valuation. Bank of AmericaWhile quality stocks have recently re-rated to a slight premium, they're still reasonably priced, according to Bank of America.

Persons: —, Subramanian, Financials, Schwab Organizations: Service, Bank of America, Business, PMI, Investors, of, Companies, Equity Locations: of America's

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the U.S. can't build homes fast enoughLarge homebuilders have grown their positions in numerous key housing markets since the late 2000s financial crisis. Their growth coincides with long-term slowdowns in building permitting and construction productivity which contribute to escalating prices for buyers and renters, experts say. As an economic tightening cycle slows real estate investment, politicians are promoting policy tools that could alter how homes are built in the U.S.

Locations: U.S

☆ Gen Z isn't lazy — it just needs training, HR experts say
▼ + stars: | 2024-08-13 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

We tend to wind ourselves up about differences among boomers, millennials, and Gen Zers — sorry, Gen X, forgot to include you — even though many of the distinctions are made up. AdvertisementIt's easy to point to young workers and say they're no good at their jobs because, of course, they're often not as experienced as those doing the criticizing. "Mentorship will be huge with this generation," Toothacre said. So, some young workers' desire to focus more on their mental health and well-being could rankle some older workers and fuel why-didn't-I-think-of-that resentments. We're seeing less of them prioritize work, especially if they're not treated well," she said.

Persons: —, Zers —, Gen X, they're, Julia Toothacre, Toothacre, Thomas Roulet, Roulet, Jon Veasey, It's, Gallup Organizations: Service, Business, Cambridge University, YouTube, KPMG, Workers

☆ Missile attack by Yemen’s Houthi rebels hits container ship in first attack in 2 weeks
▼ + stars: | 2024-08-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

DUBAI, United Arab Emirates — A missile attack by Yemen’s Houthi rebels struck a Liberian-flagged container ship traveling through the Gulf of Aden, authorities said Sunday, the first assault by the group since Israeli airstrikes targeted them. Gen. Yahya Saree, a Houthi military spokesman, claimed the attack in a prerecorded statement Sunday afternoon. The rebels have targeted more than 70 vessels with missiles and drones in a campaign that has killed four sailors. Meanwhile Saturday, the U.S. military’s Central Command said its forces destroyed a Houthi missile and launcher in Yemen. Hamas’ Oct. 7 attack on Israel, which killed 1,200 people and saw 250 others taken hostage, sparked the war.

Persons: Yemen’s Houthi, Ismail Haniyeh, Yahya Saree, JMIC, ”, Saree, Abraham Lincoln, Theodore Roosevelt Organizations: United Arab Emirates, Liberian, Maritime Information, U.S . Navy, United, U.S MQ, U.S . Defense Department, U.S ., CIA, U.S, U.S . military’s, Command, West Bank Locations: DUBAI, United Arab, Aden, Gaza, Iran, Gulf, Groton, ”, United Arab Emirates, Jeddah, Saudi Arabia, U.S, Israel, United States, Britain, Tel Aviv, Hodeida, Asia, East, Europe, Suez, Sanaa, Haniyeh, Tehran, Gulf of Oman, Yemen, Hamas

☆ President Joe Biden ended his reelection bid. What's next?
▼ + stars: | 2024-07-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.

Persons: —, Joe Biden, Biden, Alyssa Powell, BI Joe Biden, Elon Musk, Reid Hoffman, Donald Trump, Kamala Harris, Harris, Jared Siskin, Biden's, Insider's Brent D, Griffiths, Hillary Clinton, BI's Bryan Metzger, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Richard Nixon, Brent, Here's, Sieg, Merrill Lynch, Abanti Chowdhury, Andy Sieg, Warren Buffett's, Buffett, Paul Chinn, Andrew Caballero Reynolds, Marc Andreessen, he'd, Andreessen, Trump, BI's Adam Rogers, OpenAI, Sam Altman's, slowdowns, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Democratic, Madison, Park Conservancy, Citi Wealth, BI Citi Wealth, Bank of Montreal, Buffett Locations: Park, Plenty, Washington, Chicago, Southern, New York, London

☆ The golden age of overemployment is over. Job jugglers are preparing for life with only one income.
▼ + stars: | 2024-07-20 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +10 min

They've used the extra income to pay off student debt, save for retirement, and afford expensive vacations and weight-loss drugs. Related storiesIn addition to exploring other income streams, Adam said he's trying to take advantage of his extra income while he still can. The best advice he has for anyone who's still overemployed is not to become too dependent on the extra income. "From the start, I made it a point not to integrate the second job income into our bills," he said. Are you secretly working multiple remote jobs at the same time and willing to discuss details about your pay and schedule?

Persons: —, Charles, slowdowns, Charles said he's, I've, They've, overemployment, jugglers, they've, Adam, he's, He'd, Tomas, Charles couldn't, he'd, I'd, Joseph, — Joseph, Luke, who's Organizations: Service, Business, LinkedIn, Bureau, Labor Locations: an Arizona, Georgia, Texas, —

☆ Which airports and airlines have been affected by the outages?
▼ + stars: | 2024-07-19 | by ( Cnn Staff | ) edition.cnn.com time to read: +8 min

All flights for US airlines United Airlines, Delta Air Lines, and American Airlines were grounded early on Friday, with the Federal Aviation Administration (FAA), citing communication issues. Passengers and airline pilots wait at Newark International Airport after United Airlines and other airlines grounded flights because of a worldwide tech outage. Jaipur International AirportJaipur International Airport has confirmed that “flights nationwide” have been affected by the outage. Incheon International Airport, SeoulSouth Korea’s Incheon International Airport said Air Premia, Eastar Jet and several other airlines had been affected. Taoyuan International Airport, TaiwanTaiwan’s Taoyuan International Airport said several airlines at the airport had been impacted.

☆ Can Boeing get back to its glory days?
▼ + stars: | 2024-07-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +17 min

Then on Jan. 5, about six minutes and 16,000 feet into a packed flight out of Portland, Oregon, a door plug blew out of a nearly new Boeing 737 Max 9. The Federal Aviation Administration barred Boeing from increasing output of its Max planes and stepped up hands-on inspections at production plants. The 737 was dubbed "Baby Boeing" and went on to become the company's bestseller, helping to make Boeing the largest U.S. exporter. Pilots in those Boeing planes fought against a flight-control system, the Maneuvering Characteristics Augmentation System, that pushed the nose of the planes downward repeatedly. Boeing has said it aims to increase rates to about 50 Max planes a month in the next few years.

Persons: Joshua Roberts, Max, AeroSystems, Sen, Richard Blumenthal, Conn, Dave Calhoun, Boeing hasn't, Brian West, Aengus Kelly, Bob Jordan, I'm, Antonoaldo Neves, Calhoun, Steve Mollenkopf, Pat Shanahan, Donald Trump, Barack Obama, AerCap's Kelly, Mulugeta Ayene, we've, NASA —, Scott Kirby, McDonnell Douglas, Rob Spingarn, Kirby, Spirit Aerosystems, William Campbell, it's, It's, Howard McKenzie, Kevin Lamarque, Goldman Sachs, Noah Poponak, Alex Krutz Organizations: American Airlines Boeing, Reagan National, FAA, Reuters Boeing, Wall, Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board, NTSB, Via Reuters Industry, Farnborough, Federal Aviation Administration, Airbus, JPMorgan, Etihad Airways, General Electric, Blackstone, Qualcomm, Lion, Ethiopian Airlines, Pilots, Justice, Reuters, NASA, Lion Air, CNBC, Research, Max, Spirit, Corbis, Jefferies, DOJ, Senate Homeland Security, Governmental Affairs, Capitol, Patriot Industrial Partners Locations: Los Angeles, United States, Washington , U.S, Portland , Oregon, Alaska, U.S, Maldives, Wall, United Kingdom, Boeing's, Emirates, Southwest, United, Indonesia, Addis Ababa, Bishoftu, Debre Zeit, Ethiopia, BOZEMAN , MT, Wichita , Kansas, Bozeman, Bozeman , Montana, Seattle, Chicago, Arlington , Virginia, Wichita, South Carolina, Washington

☆ The latest trick companies could be using to pay workers less
▼ + stars: | 2024-07-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

More US companies are dropping experience and education requirements from their job postings. AdvertisementDropping hiring requirements could save some companies moneyThere's some evidence that companies could already be dropping hiring requirements in part to cut costs. He found that the industries with the largest declines in hiring requirements also saw "rapidly cooling demand" for workers over this period. The marketing and IT sectors also have experienced hiring slowdowns and large declines in hiring requirements, per Indeed data. It's not clear how much of an impact the decline in hiring requirements has had on employer's labor costs.

Persons: —, Cory Stahle, Stahle, slowdowns Organizations: Service, Business, LinkedIn

☆ An options trade that wins if the worst is mostly over for this struggling trucking stock
▼ + stars: | 2024-07-11 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Here I'll break down a nuanced options trade for on a transportation stock reporting next week. JB Hunt Transport Services, Inc . Unfortunately, this has been the case for JB Hunt lately. While I'm not prepared to call for a stellar quarter - economic pressures generally don't resolve quickly - much of the near-term damage may be done. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: you've, JB Hunt, Hunt, I'm Organizations: JB, Transport Services, Inc, CNBC, NBC UNIVERSAL Locations: you've, North America's, Lowell , Arkansas

☆ Investors can't sidestep the top tech stocks, says UBS' McCartney
▼ + stars: | 2024-07-08 | 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 EmailInvestors can't sidestep the top tech stocks, says UBS' McCartneyAlli McCartney, managing director at UBS Alignment Partners, joins 'Money Movers' to discuss her concerns about growth slowdowns, what investors should do about market concentration, and more.

Persons: McCartney Alli McCartney Organizations: UBS, UBS Alignment Partners

☆ Airlines got too confident, and now they are paying the price despite record-breaking travel
▼ + stars: | 2024-06-29 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Expensive fuel, maintenance, and labor don't help, nor do unpredictable setbacks outside the airline's control, like pandemic travel bans and production slowdowns at planemaker Boeing. But across the industry, many airlines are struggling to turn profits thanks to issues like overcapacity, unrelenting competition, and unexpectedly high costs, according to experts. Boeing delivery delays have eaten into profitsHarteveldt said Boeing's ongoing delivery delays have cost airlines like American, Southwest, and United millions of dollars. Airlines are plagued by high costs in an extremely competitive industryNearly everything is more expensive than it was before the pandemic, and airlines are no exception. For low-cost carriers like Frontier and Spirit, these high costs make it challenging to make money, Kraemer said.

Persons: —, Henry Harteveldt, Scott Olson, Robert Isom, Bob Jordan, Harry Kraemer, Kraemer, You've, you've, Harteveldt, Joe Raedle, they've, Stephen Brashear, Eric Glenn, Shutterstock Harteveldt Organizations: Service, planemaker Boeing, Business, International Air Transport Association, —, Airlines, Getty, Reuters, Southwest, Elliott Investment Management, Baxter International, Corporations, Google, Spirit, Frontier, Boeing, JetBlue Airways, Airbus, Bureau of Labor Statistics Locations: Delta, United

☆ Chinese cities desperate for cash are chasing companies for taxes — some from the 1990s
▼ + stars: | 2024-06-21 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Last year, the soy milk seller made a net profit of only 209 million yuan ($29 million). And it’s still unsure how much it owes in fines, which could be potentially higher than the actual $11.7 million tax bill. Including fines, the company needed to pay a total amount of 480 million yuan ($66 million). The amounts paid vary from 8 million yuan ($1.1 million) to 310 million yuan ($43 million). It said in January that the Shenzhen government had asked for payment of 19.8 million yuan ($2.7 million) in back taxes for 2017 and 20.2 million yuan ($2.8 million) in fines.

Persons: they’ve, ”, Craig Singleton, Frank Tian Xie, ” Singleton, it’s, ” Bohui, “ Organizations: Hong Kong CNN — Authorities, Food & Beverage, Foundation for Defense of Democracies, Administration of Taxation, “ Police, Taxation, Centers ”, University of South, University of South Carolina Aiken, Ningbo Bohui Chemical Technology, Healthcare, ChinaLin Securities, Yixintang Pharmaceutical Group Locations: China, Hong Kong, Zhijiang, Hubei, Yichun, Jiangxi, University of South Carolina, “, ” Beijing, Ningbo, Qinghai, Golmud, Chongqing, Shanghai, Shenzhen

☆ A juggernaut of the stock market's growth has hit a wall — buy these stocks instead
▼ + stars: | 2024-06-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

How much do we pay for an enterprise software business that may have hit the wall, suddenly slowing down to sales growth in the high single digits from growth in the double digits? But Salesforce is the most glaring of the enterprise software behemoths, which include ServiceNow , Adobe , Workday , SAP , Intuit , and fallen star MongoDB . Or to put it another way, Salesforce needs its clients to hire more people to increase sales growth. SaaS is another form of enterprise software, is another form of applications software, is another form of kryptonite. Of course, there will be enterprise software companies that defy the slowdown.

Persons: Marc Benioff, Dow Jones, Salesforce, Ullal, Jensen Huang, that's, Thoma, —, Elon Musk's, Wells, It's, Charlie Scharf, Goldman Sachs, Dan Schulman, Bill Ready, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Marlena Sloss Organizations: Oracle, Dow, Adobe, SAP, Intuit, Mad, Arista Networks, Microsoft, Nvidia, Arm Holdings, Thoma Bravo, Taiwan Semiconductor, Indy, Federal, Paypal, Fed, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Norfolk Southern, Wells Fargo, Wells, Dover, Informatica

☆ A millennial who made over $300,000 secretly working 2 remote jobs says he'll do whatever he can to ensure he never has to commute to work again
▼ + stars: | 2024-05-27 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

It was fortunate timing for Charles, as the pandemic had forced many companies to pivot to remote work. "So I'm either going to stay productive by finding other remote work or just wasting time and leaving money on the table. It's left him clinging to his two remaining remote jobs, which have allowed him to not only bring in extra income — but avoid the dreaded work commute. Hiring slowdowns in industries like tech — where remote work and overemployment are more common — and shifts to hybrid working arrangements have both played a role in this decline. Are you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?

Persons: Charles, jugglers, who've, he's, It's, it's, wouldn't Organizations: Service, Business, LinkedIn

☆ Inside Oracle's Deadly Gamble on Cerner and Electronic Health Records
▼ + stars: | 2024-05-20 | by ( Ashley Stewart | Blake Dodge | ) www.businessinsider.com time to read: +29 min

That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest acquisition. At the time, Cerner managed the electronic health records for a quarter of all American hospitals, including those run by the Pentagon and the Department of Veterans Affairs. Larry EllisonCerner's electronic records, in short, were a deadly disaster for the VA. Never mind the futuristic, AI-driven healthcare system Ellison envisioned. In 2015, it beat out Epic, its main competitor, for a $4.3 billion contract to handle electronic health records for the Defense Department. It had agreed to process tens of millions of crucial medical records, but it couldn't handle the subsequent deluge of data.

Persons: Larry Ellison's, Ellison, Cerner, I'm, Larry Ellison, Neal Patterson, Cerner's, Patterson, Ellison's, they're, David Shulkin, Margaret Albaugh, Cerner couldn't, Charlie Bourg, —, Larry, Marc Benioff, Ellison protégé, Mike Wilson, David Agus, oncologist, Agus, he'd, Steve Jobs, Sensei, We've, Georges De Keerle, Cerner —, hadn't, Mike Sicilia, Sicilia, Oracle, Anthony Jones Jr, Jones, Donald Remy, didn't, Seema Verma, Neil Evans, Sara Vaezy, Ed Meagher, haven't, Charlie Monroe —, it's, Charlie Bourg —, Bourg, Charlie Monroe, Monroe, Cathy McMorris Rodgers, grandkids, We're, there's Organizations: Oracle's, Oracle, Pentagon, Department of Veterans Affairs, Cerner, RAND Corporation, RAND, Big Tech, GE, Siemens, Cerner Corporation, Defense Department, Department of Defense, Business, Spokane, Ellison Institute of Technology, Microsoft, Agency, Health, Amazon, Veterans ' Affairs, Oracle Health, Navy, Columbus VA, BI, Life Sciences, Intermountain Health, UPMC, DOD, Seabees Locations: Las Vegas, antiaging, Silicon Valley, Spokane , Washington, Cerner, VistA, Bourg, Washington, Sicilia, Ohio, Columbus, Providence, Spokane, Monroe, CloudWorld

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