DIRS.INFO The most relevant business & tech news

☆ Shein and Temu use a US tax loophole to keep their prices low. Now, some American brands are, too.
▼ + stars: | 2024-06-26 | by ( Madeline Stone | ) www.businessinsider.com time to read: +7 min

De minimis shipments have also grown more popular with American brands looking to save money in their supply chains. AdvertisementThe startup Portless emulates Shein's model by fulfilling online brands' orders in China and shipping them directly to customers. Even though awareness of de minimis has grown, Section 321 shipments still account for only about 5% of ShipHero's business overall. At the end of May, The Information reported that US Customs and Border Protection had begun cracking down on de minimis shipments, including suspending several brokers from a program called Entry Type 86, designed to speed up de minimis shipments. "The American brands that we service are more profitable and do better prices to their customers."

Persons: —, it's, Portless, Izzy Rosenzweig, Jolie, Evan, Matt Nichols, JADE GAO, minimis, Prince Ghosh, Maggie Barnett, Barnett, Temu, I'm, Rosenzweig Organizations: Service, Business, Commerce Ventures, US, Lawmakers, Chinese Communist Party, Customs, Protection Locations: China, Portless, San Francisco, Canada, Mexico, American, Canada's

☆ Harvard’s antisemitism and anti-Muslim task forces urge the university: Act soon
▼ + stars: | 2024-06-26 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

CNN —Two presidential task forces formed to recommend how Harvard can combat antisemitism and anti-Muslim, anti-Arab and anti-Palestinian activity on campus have spoken: Harvard needs to act now. Harvard needs to do more work to promote diversity education and promote multiple perspectives on campus, the task force chairs recommended. The antisemitism task force sought to get Harvard to clarify its values, act against discrimination and hate, improve the university’s disciplinary process, promote dialogue and training on the topic and support Jewish life on campus. Alan Garber, Harvard’s interim president, said he appreciated the recommendations and the task forces’ candor. And the House Education Committee lambasted the university for its response to a subpoena seeking information on how it handled campus protests.

Persons: Harvard’s, ”, Derek Penslar, Ali Asani, Alan Garber, ’ candor, ” Garber, “, Claudine Gay Organizations: CNN, Harvard, ” Harvard, Defamation League Locations: Israel, Gaza

☆ ‘Months to correct, if not years’: Car dealerships and customers feel the impact as CDK outage drags on
▼ + stars: | 2024-06-25 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +7 min

“The financial impact it will directly have on us will take months to correct, if not years,” Callahan said. Tom McParland, the owner of Automatic Consulting, a national car buying service, said the outage was impacting customers because they have fewer dealers to choose from. “It limits the customer’s leverage.”Some dealers also can’t apply factory rebates without CDK’s software, so customers may miss out on money-saving deals. Under normal circumstances, the CDK software allows the dealership to register a vehicle almost instantaneously, but now the process faces heavy delays. He told CNN he was able to buy the car but was unable to sign the title.

Persons: Ryan Callahan, ” Callahan, CDK, Tom McParland, ”, McParland, Michael Deveney, “, ” Deveney, Katelyn Salvato, hasn’t, Salvato, …, We’ve, they’ve, Scott Campbell, Nicolas, CNN they’ve, Don Aycock, Robbie Jacob, Jacob, Tekion Organizations: New, New York CNN, Mazda, North America, Automatic Consulting, Midway Automotive, Massachusetts, of Motor Vehicles, Pride Motor Group, “, DMV, CNN, Massachusetts Department of Transportation, Capital City Buick GMC, Porsche, Buick, Diego —, Kia, Cox Automotive Locations: New York, Seekonk , Massachusetts, Lynn, Berlin , Vermont, Los Angeles, ”, Clay County , Florida, Diego

☆ Exclusive: London VC fund and Depop-backer Octopus Ventures has made layoffs to its investment staff
▼ + stars: | 2024-06-24 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Read previewOctopus Ventures, a London-based investment firm, has laid off 8 employees, sources have told Business Insider. Related storiesSeparate from the layoffs, Malcolm Ferguson, who led Octopus Titan VCT, has left the fund to join London firm ETFS Capital. Following the headcount reduction, the investment team across all Octopus funds totals 41 people. Octopus Ventures' portfolio includes Elliptic, Secret Escapes, ManyPets, and Peak.ai. Octopus Ventures serves as the venture arm of Octopus Group.

Persons: —, Malcolm Ferguson, Jo Oliver Organizations: Service, Business, Capital, COVID, Octopus Ventures, Octopus Locations: London

☆ Prosus full-year core headline earnings jump 84%
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: 1 min

In this photo illustration a Prosus logo is seen on a smartphone and a pc screen. Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong performance in e-commerce operations, it said on Monday. Its core headline earnings were $5.0 billion, compared with $2.7 billion a year earlier, the company said. The company recently appointed the head of its food delivery business iFood as its new CEO effective from July. The group's free cash-flow roughly tripled year-on-year to $524 million, also helped by e-commerce and the performance of its key investment, Chinese tech giant Tencent.

Persons: Ervin Tu

☆ CDK Global says software outage will take several days to resolve
▼ + stars: | 2024-06-23 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +4 min

New York CNN —Retail software provider CDK Global says it will likely take several days for its software to be back online and operational, as the company grapples with a system outage that has paralyzed nearly 15,000 car dealerships across North America since Wednesday. The data provider’s software, which dealerships use to manage everything from scheduling to records, said Saturday it has begun restoring its software. Car manufacturer Ford told CNN it is working with dealers to set up alternative software systems and other workarounds. Several dealerships on the East Coast told CNN on Sunday they are manually filling out forms to process sales. One used car dealership told CNN it has been filing paperwork by hand and sending runners to the car registry with the paperwork.

Persons: CDK, Mike Stanton, Ford, they’re Organizations: New, New York CNN — Retail, CDK, CNN, Bloomberg, Dealers, National Automobile Dealers Association, East Coast, Sunday, Securities and Exchange Commission, Penske Automotive, Premier Trucking Group, Penske, SEC, Sonic Automotive, Premier Truck Locations: New York, North America, Eastern European, CDK, United States

☆ CNBC Daily Open: S&P 500 briefly crosses 5,500, closes lower
▼ + stars: | 2024-06-21 | by ( Abid Ali | ) www.cnbc.com time to read: +3 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. S&P 500 slips from record highThe S&P 500 briefly passed the 5,500 mark for the first time before ending the session lower. Open AI challengerAnthropic, a leading AI competitor to OpenAI, unveiled Claude 3.5 Sonnet, its most advanced AI model to date. [PRO] AI real estateCiti analysts pinpoint a "compelling emerging" real estate trend fueled by AI and nearshoring.

Persons: Gilead, Anthropic, Claude, Donald Trump's, Trump, Masato Kanda Organizations: New York Stock Exchange, CNBC, Nasdaq, Nvidia, Dow Jones, Gilead Sciences, Google, Trump Media, New, Nikkei, Bank of, Reuters, United, CSI, Citi Locations: New York City, U.S, New York, Japan, United States, Asia, Pacific

☆ AI stock frenzy resembles dot-com bubble and may explode disastrously, experts warn
▼ + stars: | 2024-06-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Experts say the AI mania has shades of the dot-com and housing bubbles and could end painfully. AdvertisementExperts say the frenzy around AI stocks resembles the last two major market bubbles — and could end in disaster if investors get spooked. "This is the goofiest and likely most dangerous concentration of overvaluation I've seen in 34 years investing and throughout financial history," Bloomstran said. Some experts have compared Nvidia to Cisco, the network hardware company whose stock ballooned during the dot-com bubble before ultimately crashing. No one can predict if the AI craze will end with a devastating crash like the dot-com and housing bubbles, or usher in a new market regime led by Nvidia and its kin.

Persons: —, Nathan Burks, Adetokunbo Fadahunsi, Ann Marie Hibbert, Burks, Hibbert, Chris Bloomstran, Semper Augustus, I've, Bloomstran, John Chambers, Robert Galbraith, it's Organizations: Service, George Mason University, Big Tech, Nvidia, Microsoft, Cisco, REUTERS, Wall Street Journal Locations: West Virginia

☆ Copa América 2024: Lionel Messi’s final ‘Last Dance’ with Argentina?
▼ + stars: | 2024-06-20 | by ( Matias Grez | ) edition.cnn.com time to read: +10 min

CNN —For just the second time in the tournament’s 108-year history, the Copa América will be played outside of South America. “Today, all I think about is to get well to the Copa América and play it. The squad for the 2024 Copa América is largely inexperienced, with 15 players on less than 10 caps for their country. UruguayPerennial overachiever Uruguay once again goes into a Copa América among the favorites to win the title. The nation of just 3.5 million people holds the joint record alongside Argentina for most Copa América titles won with 15.

Persons: Lionel Messi’s, Messi, ”, ” Messi, Ángel Di María, Catherine Ivill, Lionel Scaloni, “, he’s, ” Scaloni, Leo, Di María, West Ham’s Lucas Paquetá, Neymar, Brazil’s, Vinícius, –, Fernando Diniz, Dorival Júnior, Vinícius Jr, Marcelo Bielsa, Argentina –, Ander Gillenea, Luis Suárez, Giménez, Ronald Araújo, Federico Valverde, Matt Turner, Tim Weah, Christian Pulisic, Yunus Musah, Folarin Balogun, Ron Jenkins, Gregg Berhalter’s, ’, Juan Antonio Pizzi, Ricardo Gareca, Marcelo Hernandez, Alexis Sánchez, Claudio Bravo, Arturo Vidal, Gary Medel, Cafeteros, Gonzalo Arroyo Moreno, Luis Díaz, James Rodriguez, David Ospina, Yerry Mina Organizations: CNN, Copa, CONMEBOL, CONCACAF Nations League, Nations League, América, Brazil, Messi, Argentine, Star, “, Copa América, ”, Beijing, Getty, England, USA, Real, La Liga, League, overachiever, Argentina, CONCACAF, US, Panama, Uruguay, Copa Américas, Roja, La Roja, Qatar Locations: South America, United States, US, Mexico, Canada, Jamaica, Panama, Costa Rica, Lionel Messi’s Argentina, Qatar, Argentina, Chile, Brazil, Spain, Real Madrid, Uruguay, overachiever Uruguay, AFP, Colombia, Washington, Bolivia, Russia, Peru, Paraguay, Albania, France, Marseille, Colombia Colombia

☆ Gilead’s twice-yearly shot to prevent HIV succeeds in late-stage trial
▼ + stars: | 2024-06-20 | by ( Angelica Peebles | In Angelicapeebles | ) www.cnbc.com time to read: +3 min

Gilead 's experimental twice-yearly medicine to prevent HIV was 100% effective in a late-stage trial, the company said Thursday. The results bring Gilead one step closer to introducing a new form of pre-exposure prophylaxis, or PrEP, and broadening its HIV business. If those results are positive, the company could bring lenacapavir for PrEP to market as soon as late 2025. RBC Capital Markets analyst Brian Abrahams expects Gilead's shot will significantly increase the number of people interested in preventive HIV medicine. In its statement disclosing the lenacapavir trial results Thursday, Gilead said it plans to share an update on how it plans to address access in such countries where people suffer high incidence rates of HIV.

Persons: Gilead, Jared Baeten, Gilead's Truvada, Bruce Richman, Tim Oliver, they'd, Brian Abrahams, Gilead's, — CNBC's Leanne Miller Organizations: Food and Drug Administration, PrEP, Centers for Disease Control, Prevention, Health, FDA, RBC Capital Locations: U.S, New York

☆ India wants to be a developed nation by 2047. Here are 4 critical areas Modi can't ignore
▼ + stars: | 2024-06-20 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +7 min

India has undergone a massive infrastructure push and has made significant strides in connecting and modernizing its highways, railways and airports. He's going to double down on that," said Samir Kapadia, CEO of India Index and managing principal at Vogel Group. "Along with creating physical infrastructure, India needs to remain steadfast on the structural reforms ... Increase foreign investmentsFrom veteran emerging markets investor Mark Mobius to global strategist David Roche, market experts remain bullish on India. Foreign direct investments into the country needs to however pick up pace to further drive economic growth and development, analysts told CNBC.

Persons: Vikram Singh, Narendra Modi, Modi, Reema Bhattacharya, Verisk, Modi's, he's, Samir Kapadia, Nirmala Sitharaman, Santanu Sengupta, Goldman Sachs, Sengupta, Richard Rossow, Kapadia, Sumedha Gupta, Vivek Prasad, Prasad, Mark Mobius, David Roche Organizations: Bharatiya Janata Party, BJP, Infrastructure, India Index, Vogel Group, Nurphoto, CNBC, Center for Strategic, International Studies, Padget Electronics, Dixon Technologies, Bloomberg, Getty, Research, India Electronics, Semiconductor Association, Economist Intelligence Unit, Centre, Monitoring, National Stock Exchange of, World Federation of Exchanges Locations: India, Asia, China, Mumbai, Noida, PwC India, National Stock Exchange of India

☆ Former Obama press secretary Robert Gibbs hired to lead Warner Bros. Discovery PR
▼ + stars: | 2024-06-18 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

CNN —Robert Gibbs, a former White House press secretary during the Obama administration, will be joining Warner Bros. Warner Bros. But, like its competitors, Warner Bros. has largely struggled to persuade people to go to the movies this year. And Warner Bros. It won’t be Gibbs’ job to fix the media industry woes that are challenging Warner Bros.

Persons: Robert Gibbs, Obama, Gibbs, “ Barbie ”, Robert, ”, David Zaslav, Zaslav, ” Gibbs, Barack, He’ll, Katie Martin Kelly, Laura Watson, Nathaniel Brown Organizations: CNN, White House, Warner Bros, White, TNT, Discovery, NBA, Warner Bros . Discovery, DC Entertainment, Senate

☆ Stocks making the biggest moves midday: Autodesk, Broadcom, AMC Networks, Virgin Galactic and more
▼ + stars: | 2024-06-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Virgin Galactic — The struggling space company slid 15% as the stock's 1-for-20 reverse stock split took effect. The company also announced that Brenda Morris, who served as interim CEO, will remain on its board of directors. Autodesk — Shares gained more than 6% following activist fund Starboard Value taking a $500 million stake in the software company. The company beat earnings and revenue estimates for the second fiscal quarter last week, and it announced a 10-for-1 stock split. Chipotle — The restaurant chain's stock rose nearly 3% ahead of the company's 50-for-1 stock split , which is how it will begin trading at the market open on June 26.

Persons: Mark King, Brenda Morris, BTIG, Goldman Sachs, Corning, Fox, Chipotle, —, Alex Harring, Yun Li Organizations: Virgin Galactic, AMC Networks, Autodesk —, Broadcom, Shattuck Labs, Louisiana - Pacific, TDK, Apple, UBS, Fox Advisors Locations: Louisiana

☆ Meet the Professors Whose Porn Careers Cost Them Their Jobs
▼ + stars: | 2024-06-16 | by ( Hallie Lieberman | ) www.businessinsider.com time to read: +28 min

The porn videos had titles like "Juicy Anniversary" and "Bedroom Shenanigans." In search of a man for Wilson, Gow sought advice from his therapist, who suggested joining a swingers club. In the background, Video Gow is moaning "Oh yeah" as IRL Gow says, "I've always had some ED issues." As the video ends with the big finale — the money shot, as it's known in the industry — Video Gow stands above kneeling Video Wilson, arms outstretched. The termination letter said he had failed to properly report his income from the porn videos and had violated "prohibitions for using one's public position for private benefit."

Persons: Joe Gow, Carmen Wilson, Gow, isn't, " Gow, Wilson, Bruce Springsteen, we've, It's, I'm, Simone Lueck, BI Gow, hadn't, Wilson's, Nina Hartley, Danny Mountain, who'd, We've, Cal Berkeley, Lauren Phillips, Phillips, mischievously, We’ll, We'll, Barack Obama, Geri, Jay Hart, IRL Gow, I've, she'd, Barack Obama's, Hartley, Raymond Cross, Cross, Hartley dustup, Stills, —, Tony Tomich, Moberg doesn't, Gow's, demurely, Starr, Socrates, Eugene Volokh, Roe, Diane, wouldn't, aren't, They've, Wilson wouldn't, Hallie Lieberman, She's Organizations: University of Wisconsin, selfies, CNN, The, BI, UW, La, Sony, Higher, MIT, USC, Cal, Dickinson State University, Food Network, IRL, Dartmouth, La Crosse Tribune, La Crosse, University of, FTI Consulting, Easton Moberg, Press, Stanford, Court, eBay, Sssh.com Locations: La Crosse, London, India, Gaza, Gow, Rock, San Francisco, Wisconsin, Chicago, Los Angeles, North Dakota, Arizona, Communist China, City, San Diego

☆ Opinion | The Supreme Court Ruling in the Starbucks Case Proves the Law Won’t Save Labor
▼ + stars: | 2024-06-15 | by ( Jaz Brisack | ) www.nytimes.com time to read: +1 min

The outcome is predictable: the most conservative Supreme Court in decades eroded another legal protection of workers’ right to organize. In response, the labor movement must re-evaluate the source of our power; the law will not save us. U.S. labor law contains no penalties for firing workers in retaliation for organizing — only remedies. to obtain 10(j) injunctions, which are emergency legal measures intended to stop the harm that extreme union-busting actions cause to organizing campaigns, the Supreme Court underestimates the damage that retaliatory firings cause. The Supreme Court’s action exposes how little relief workers can expect to receive moving forward.

Persons: McKinney Organizations: Starbucks Corp, Supreme Court, National Labor Relations, Court Locations: Memphis, U.S

☆ 'Inside Out 2' arrives in theaters and could hit a 100-day run. Here's why that's increasingly rare
▼ + stars: | 2024-06-14 | by ( Sarah Whitten | ) www.cnbc.com time to read: +9 min

Disney | PixarDisney is looking to bring a little joy to theaters with its upcoming release of Pixar's "Inside Out 2." For comparison, 2019's "Toy Story 4" generated $12 million on its Thursday previews and snared $120.9 million for its opening weekend. Only a rare few films would extend beyond that date — usually massive franchise films or blockbuster hits. "Ninety-day windows were always going to be unsustainable," said Jeff Kaufman, senior vice president of film and marketing at Malco Theaters. Box office experts are looking to "Inside Out 2" as a barometer for the health of Pixar and its future.

Persons: Disney, Jeff Kaufman, Daniel Loria, Loria, There's, Scarlet Johannson, Sean Gamble, Luca Organizations: Disney, Pixar Disney, Warner Bros, Pixar, Universal, Malco, Box Office Company, Studios, Hollywood, Lionsgate, Universal —, Paramount, Sony, Fox, Searchlight —, Marvel, Walt Disney Animation Locations: United States, Canada, North America, U.S

☆ Tyson CFO and chicken family scion John Tyson arrested for DWI
▼ + stars: | 2024-06-13 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +1 min

New York CNN —Tyson Foods suspended its CFO John R. Tyson after he was arrested Thursday on charges of DWI and careless driving. Tyson, the great grandson of the founder of the meat processing company, was previously arrested in 2022 on charges of public intoxication and criminal trespass. The 34-year-old was booked early Thursday and has since been released, according to the Washington County, Arkansas, Detention Intake Report. “We are aware that John Randal Tyson, Chief Financial Officer of Tyson Foods, was arrested for an alleged DWI,” the company said in a statement Thursday. “Tyson Foods has suspended Mr. Tyson from his duties effective immediately and named Curt Calaway as interim Chief Financial Officer.”Back in 2022, Tyson was charged after he allegedly wandered into the wrong home and fell asleep.

Persons: New York CNN — Tyson, John R, Tyson, “, John Randal Tyson, “ Tyson, Curt Calaway, “ I’m, ”, Donnie King, —, Rebekah Riess, Parija Kavilanz Organizations: New, New York CNN, New York CNN — Tyson Foods, Tyson Foods, “ Tyson Foods Locations: New York, Washington County , Arkansas

☆ Tyson Foods suspends CFO after second arrest
▼ + stars: | 2024-06-13 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

John R. Tyson speaks on stage during The Fight for Food: Value Chains and Partnerships at The 2022 Concordia Annual Summit in New York on September 21, 2022. Tyson Foods said on Thursday it has suspended its chief financial officer, John R. Tyson, after he was charged with driving while intoxicated in Arkansas. Tyson Foods is headquartered in Springdale, Arkansas. In 2022, two months after being named CFO of the meat giant, Tyson was arrested after becoming intoxicated and falling asleep in the wrong house. Tyson is the son of the company's chairman, John H. Tyson, and the great-grandson of founder John W. Tyson.

Persons: John R, Tyson, Tyson Foods, Curt Calaway, John H, John W Organizations: Detention, Tyson Foods Locations: New York, Arkansas, Washington, Springdale , Arkansas

☆ Elon Musk dropped his Open AI lawsuit, but he isn't done with Sam Altman and the AI race yet
▼ + stars: | 2024-06-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewElon Musk might have withdrawn his lawsuit against OpenAI and its cofounders on Tuesday, but he certainly isn't giving up on winning the AI race just yet. Musk cofounded OpenAI with its current CEO, Sam Altman, but left its board in 2018. Shortly after the announcement, Musk threatened to prohibit Apple devices at his companies. "If Apple integrates OpenAI at the OS level, then Apple devices will be banned at my companies," Musk wrote in an X post. Related storiesRepresentatives for Musk and OpenAI did not immediately respond to requests for comment from BI sent outside regular business hours.

Persons: —, Elon, OpenAI, Musk, Sam Altman, Altman, David Hoffman, BI's Grace Kay, Tesla, it's Organizations: Service, OpenAI, Microsoft, Business, Apple, Musk, BI, University of Pennsylvania, Tesla Locations: Altman's court

☆ WeWork emerges from bankruptcy, announces John Santora as new CEO
▼ + stars: | 2024-06-11 | by ( Genna Contino | ) www.cnbc.com time to read: +2 min

WeWork , the shared office space company once valued at $47 billion, emerged from bankruptcy on Tuesday and named Cushman & Wakefield executive John Santora as its new CEO. WeWork filed for Chapter 11 bankruptcy protection in November, with total liabilities of $18.65 billion against assets of $15.06 billion. Santora becomes WeWork's fourth permanent CEO in five years after the company's failed initial public offering in 2019 and subsequent restructuring. He replaces David Tolley, who began service as interim CEO in May 2023 before assuming the permanent CEO position in October. WeWork also announced a new board, including Anant Yardi, CEO of property management software company Yardi Systems.

Persons: John Santora, WeWork, Santora, David Tolley, Anant Yardi, Adam Neumann, Miguel McKelvey, Neumann Organizations: Cushman & Wakefield, Yardi Systems, State

☆ Tesla shareholders to vote whether Elon Musk deserves billions judge struck down
▼ + stars: | 2024-06-09 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

New York CNN —Tesla’s controversial CEO Elon Musk, and his massive wealth, are front and center in a shareholder vote this coming week. Now, Musk and the board want Tesla shareholders not only to vote again to give him back those stock options, but to relocate Tesla away from the judge’s state entirely. Despite the widespread support among shareholders back in 2018 for Musk’s pay package, the Tesla board seems to be scrambling to shore-up support for this month’s vote. But perhaps a more serious concern among Tesla shareholders is problems faced by the electric car pioneer itself. “When Tesla achieved targeted earnings, revenues, and market cap metrics, Tesla’s shareholders benefitted greatly.

Persons: New York CNN —, Elon Musk, Tesla, Chancellor Kathaleen McCormick, ” McCormick, “ Musk, McCormick, ” Tesla, Robyn Denholm, Elon, ” Rather, ”, ” Denholm, “, he’s, Dan Ives, it’s, they’re, Ives, Neuralink, Musk, ” Ives, Ron Baron, Baron Capital, ” Baron, Glass Lewis Organizations: New, New York CNN, SEC, Musk, Elon, Twitter, Wedbush Securities, SpaceX, The Boring Company, Baron, Institutional, Services Locations: New York, Delaware, Texas, Tesla’s Texas, “

☆ Starbucks' Howard Schultz talks Steve Jobs screaming at him and wishing he'd trademarked the latte in a new podcast
▼ + stars: | 2024-06-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +10 min

Starbucks didn't sell its own coffee early on"When Starbucks opened in Pike Place Market in 1971, they were using Peet's Coffee. Howard Shultz is going to acquire Starbucks Coffee Company, and he's never going to hear from you again." Together the trio made the "huge decision" to sell Starbucks coffee in Costco, which sparked a "revolt inside the halls of Starbucks," Schultz said. Related storiesThe former Starbucks CEO faced similar blowback when he agreed to let United Airlines serve his company's coffee. "We're not a beverage company serving coffee, we are a coffee company serving people.

Persons: —, Howard Schultz, Schultz, Bill Gates, Steve Jobs, Costco's, Bernard Arnault, Lavazza, I've, Samuel Stroum, it's, Howard Shultz, he's, Brian Ach, latte, Jeff Brotman, Jim Sinegal, they've, Coke, Pepsi, Steve, Justin Sullivan, Blackstone, Alexandre, Louis Vuitton, Alexandre Arnault, Donato Sardella, Louis Organizations: Service, Starbucks, Business, Pepsi, Microsoft, Starbucks Coffee Company, Costco, United Airlines, Starbucks Facebook, Staff, Getty, Tiffany's, Louis Vuitton Locations: Coke, Pike, San Francisco, Seattle, Chicago, America, Costco, Atlanta, New York, Apple's, California, Mobile, Italy, Milan

☆ Ukraine shows even the toughest tanks can't go to war anymore without cage armor to shield them from exploding drones
▼ + stars: | 2024-06-09 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Read previewThe heavily armored M1 Abrams tank is widely regarded as one of the best and toughest tanks in Ukraine today, but even it can't ride out without cages to shield it from drones. Main battle tanks often sport large, welded "cope cages" to stop exploding drones from taking them out. pic.twitter.com/gdw5LyGENi — OSINTtechnical (@Osinttechnical) May 24, 2024Photos shared online last month showed a US-supplied M1A1 Abrams tank with improvised cages. Ukraine's new Abrams tank cage looks like it could be more purposefully designed to add another layer of protection and potentially increase the survivability of the crew. Now, learning from drone usage in Ukraine to improve the coming Abrams and future Bradley replacement is vital.

Persons: —, Abrams, Mark Cancian, that's, Mick Ryan, Ryan, they've, 8oBB6119kn, Bradley, Cancian Organizations: Service, Business, Marine, Center for Strategic, International Studies, Abrams, SPH Locations: Ukraine, Russian, Iraq, Afghanistan, Australian, Ukrainian, Gaza, Russia

☆ Edmundo Gonzalez Urrutia: Meet the quiet, bird-loving grandfather taking on strongman Maduro in Venezuela’s election
▼ + stars: | 2024-06-08 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +10 min

But most analysts agree Gonzalez represents the best chance that Venezuela’s political opposition has had to dislodge Maduro from power since 2013. But amnesty for outgoing officials could be on the table, Gonzalez told CNN en Español. “Edmundo is a public servant, he knows there cannot be any revenge [against the government],” Eickhoff told CNN. Edmundo Gonzalez Urrutia, Venezuela's new opposition candidate, feeds birds at his home in Caracas on Wednesday, April 24. “It’s time for the big Venezuelan family to come together once more,” he told CNN en Español.

Persons: Hugo Chavez, Nicolas Maduro, Edmundo Gonzalez Urrutia, Gonzalez, – Maria Corina Machado, Corina Yoris –, “, ”, Maduro, Leonardo Fernandez Viloria, Reuters Gonzalez, he’s, CNN En, Juan Guaido, ” Gonzalez, ” Gonzalez’s, Mariana, –, Jesus Vargas, won’t, Sadio Garavini, Tullio, Chavez, “ Edmundo, he’ll, ” Garavini, George Eickhoff, Konrad Adenauer, ” Eickhoff, Machado, Edmundo, Gaby Oraa, Venezuela's, Gonzalez’s Organizations: CNN, Democratic, Maduro, European Union, Reuters, “, Wednesday, Bloomberg, Getty, Real Madrid football Locations: Venezuela, Venezuela’s, Venezuelan, Algeria, Argentina, United States, Barbados, Washington, Caracas, Hague, German, Spain

Generating income with dividend stocks Dividend stocks have long been a staple of income investors' portfolios. Municipal bonds offer income that's free of federal tax, however. These names trade on exchanges like stocks, and they can offer dividend yields upward of 6%. Options strategies to create income Derivative income funds , such as the JPMorgan Equity Premium Income ETF (JEPI), gathered some $22 billion in 2023, according to Morningstar. Further, consider comparison shopping, as all "derivative income" funds have their own quirks and differences in strategies could affect their risk/return profile.

Persons: Janus Henderson, Walt Disney's, Amber Milam, Jefferies, It's, Savita Subramanian, Subramanian, Russell, Louis, Morningstar, Mike Mulach, Rick Rieder, he'd, Kathleen McNamara, there's, –, Bill Gross, JEPI, Cash, Ashton Lawrence Organizations: Federal Reserve, Meta, Mobile, Bank of America, IBM, . Investment, Fitch, Credit, nab, ICE, Federal Reserve Bank of St, Louis Fed, UBS, UBS Wealth Management, York Life Investments, –, JPMorgan, Mariner Wealth Advisors Locations: U.S, Greenville , South Carolina

Search resuls for: "Interim"

25 mentions found