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☆ We're on track for a soft economic landing, but it still feels like the economy stinks
▼ + stars: | 2024-06-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at why the US economy is on track (again) for a soft economic landing . The big storyAnother economic turnaroundGetty Images; Chelsea Jia Feng/BIIt took longer than expected, but the US economy is finally on track for a soft landing. After a scary few months of economic data that had investors fearing a recession and stagflation, the tides have turned again. AdvertisementRecent data showing inflation and the labor market cooling have given hope that a soft landing is in the cards — and may even be underway — for the US economy, writes Business Insider's Madison Hoff. AdvertisementThe US economy is about to make a soft landing — a situation in which inflation cools without causing a recession or sudden spike in unemployment.

Persons: —, Chelsea Jia Feng, Insider's Madison Hoff, Arantza Pena Popo, bummed, it's, aren't, Johannes Eisele, Monica Schipper, Nordin Catic, Tyler Le Tim Cook, Cook, Jack Dorsey, Dorsey, Abanti Chowdhury, Sam Altman's, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, George Glover, Annie Smith Organizations: Service, shoplifters, Business, Fed, Johannes, Getty, OpenAI, Apple, BI, Street Journal, Comcast, New York Stock Exchange Locations: AFP, New York, London

☆ A Fed rate cut 'increasingly looks like a 2025 event' to me, says Stifel's Lindsey Piegza
▼ + stars: | 2024-06-05 | 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 EmailA Fed rate cut 'increasingly looks like a 2025 event' to me, says Stifel's Lindsey PiegzaLindsey Piegza, Stifel chief economist, and Stephen Parker, JPMorgan Private Bank head of specialized strategies, join 'Squawk Box' to discuss the Fed's inflation fight, state of the economy, interest rate outlook, and more.

Persons: Stifel's Lindsey Piegza Lindsey Piegza, Stephen Parker Organizations: JPMorgan Private Bank

☆ Angel Reese ejected during Chicago Sky’s loss to New York Liberty
▼ + stars: | 2024-06-05 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —Chicago Sky rookie Angel Reese was ejected late in the fourth quarter of her team’s 88-75 defeat by the New York Liberty on Tuesday after receiving back-to-back technical fouls. In a post on X, formerly Twitter, Chicago Bulls guard Lonzo Ball seemingly offered to pay Reese’s fine. “Ref that threw out @Reese10Angel is weak btw… You know who you are (Keep ya money Angel I got you),” Ball wrote on X. Reese finished the Commissioner’s Cup game with 13 points and 10 rebounds but shot 25% from the field. Breanna Stewart had a huge game for the Liberty, putting up a game high 33 points to go with 14 rebounds and three assists.

Persons: Angel Reese, Reese, Charles Watson, “, waiving, Marina Mabrey, “ You’ve, Teresa Weatherspoon, ”, Lonzo, Angel, ” Ball, ” Reese, Breanna Stewart, Melissa Tamez, Chennedy Carter, Clark, Billie Jean King, Chris Evert’s, King, Maya Moore, Sheryl Swoopes, Candace Parker, Diana Taurasi, A’ja Wilson, Caitlin, Christine Brennan, we’ve Organizations: CNN, Chicago Sky, New York Liberty, WNBA, Twitter, Chicago Bulls, Liberty, Sky, tennis, USA

☆ OpenAI is facing controversy. Again.
▼ + stars: | 2024-06-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the latest controversy to embroil OpenAI amid a difficult few months for the startup . Their takeaway was simple: OpenAI wants to have it both ways regarding how it's perceived about safety and commercialization. It's structured as a "capped-profit" company governed by a nonprofit, and Altman doesn't hold equity directly in OpenAI. The result, the VC told me, is people feel OpenAI is talking out of both sides of its mouth. It doesn't help that some OpenAI employees joined when that split was closer to 80/20 and favored safety over business, they added.

Persons: —, we've, OpenAI Justin Sullivan, Chelsea Jia Feng, Anthropic signees, Scarlett Johansson, Elon, Madeline Berg, Sam Altman, Altman, Justin Sullivan, OpenAI, It's, Patrick McMullan, Jenny Chang, Rodriguez, Izzy Englander's, Griffin's, Marko Kolanovic, ANDREW CABALLERO, REYNOLDS, youngs, Mark Zuckerberg, Elon Musk, Keith Enright, Alyssa Powell, They've, Shopify, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, George Glover, Annie Smith Organizations: Service, Business, Google, Millennium Management, Getty Images, Facebook, CNBC, BI, SpaceX Locations: OpenAI, Patrick, It's, Tesla, New York, London

☆ Celibacy is in — just ask Lenny Kravitz, Julia Fox, and Gen Z
▼ + stars: | 2024-06-05 | by ( Serafina Kenny | Kim Schewitz | ) www.businessinsider.com time to read: +6 min

Read previewCharlie Michael Baker used to be "majorly sexually active," but at age 17 he's decided he's not having any more sex. Charlie Michael Baker has decided to abstain from sex. But for others, not having sex is a more conscious choice. Similarly, Gen Z women in the US are swearing off sex because men they've dated have treated them badly, BI's Jordan Parker Erb reported last year. For Baker, celibacy makes him feel more comfortable with himself because he no longer feels the need to "keep a man happy," and avoids getting hurt by people who give him "false hope."

Persons: —, Charlie Michael Baker, he's, Baker, Julia Fox, Lenny Kravitz, Suki Waterhouse, Justin Bieber, Disney starlets, Zers, Roe, Wade, Zach Sang, Gen, they've, BI's Jordan Parker Erb, Bumble, hasn't, father's, Sandra Wheatley, Wheatley Organizations: Service, Business, Guttmacher Institute, Guardian, British Psychological Society Locations: Korean, Korea

☆ With Paramount's long and winding sales process coming to an end, here's what comes next for the media giant
▼ + stars: | 2024-06-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementThe media giant, which owns Paramount Pictures and CBS, has been in the news as an acquisition target since late last year. Skydance might not be as recognizable a name, but the company's owner and CEO David Ellison is. It's "is Paramount big enough to survive on its own?" The rush to corner the market on data centers is a move by Big Tech to secure the keys to the coming AI kingdom. Big Tech, finance, and consulting jobs are becoming harder to come by, upending the job search for young people.

Persons: —, Donald Trump, Rebecca Zisser, Warner, David Zaslav, Byron Allen, David Ellison, Larry Ellison, he's, Phillip Faraone, Peter Kafka, That's, Larry Ellison's, Alyssa Powell, Savita Subramanian, Gary Shilling, Kitty, Keith Gill, Arif Qazi, Jason Zander, they'll, Apple's, Siri, Dominic Bugatto, that's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith Organizations: Service, Paramount, Business, Paramount Pictures, CBS, RedBird Capital Partners, KKR, Warner Bros . Discovery, Sony, Hollywood, Getty, Tech, Bank of America, Wall Street, GameStop, Google, Microsoft, Big Tech, BI, Washington Post, Hewlett Packard Enterprise Locations: China, India, Texas, New York, London

☆ Inside China's plan for AI: shape reality and enforce its power
▼ + stars: | 2024-06-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at China's strict approach to overseeing its AI development and the threat it poses to the world. The country's history of censorship and surveillance is extending to its approach to AI , writes Business Insider's Linette Lopez. AdvertisementThe CCP's plan for AI is about shaping reality and enforcing its power, according to internal documents. What to do ahead of May's jobs report. Permabull Tom Lee said it's a great time to buy stocks — shocking — with a new jobs report set to drop on Friday.

Persons: —, Kiran Ridley, Stringer, Getty, Tyler Le, Insider's Linette Lopez, Linette, chatbots, Jinping, Xie Huanchi, we've, Ken Griffin's, Permabull Tom Lee, it's, Stocks, Keith Gill, It's, Amazon's, Alyssa Powell, boomer, Gen, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett, Annie Smith Organizations: Service, Harvard, Business, Chinese Communist Party, of, People, Getty, Citadel Securities, BI, GameStop, Cloud, Prime, Apple, American Express, Research, Boomers Locations: China, Beijing, Xinhua, New York, London, Chicago

We have everything you need to know on how to watch Wilder vs. Zhang from anywhere in the world. How to watch Wilder vs. Zhang in the US & CanadaWilder vs. Zhang will be available to live stream through DAZN in the US and Canada. So, you'll only need to pay $69.99 for the Wilder vs. Zhang PPV event upfront. Shop at DAZNHow to watch Wilder vs. Zhang in the UKDAZN will also live stream the fight in the UK. How to watch Wilder vs. Zhang in 200 other countriesDAZN is available in more than 200 countries.

Persons: Wilder, Zhang, Joshua scuppered, Joseph Parker, Parker, We've, you'll, DAZN, Canada Wilder, It's, Usyk, ExpressVPN, hasn't, they're, Wilder Dubois, Hrgovic, Ford, Williams Hutchinson, Richards Organizations: Business, Fury, Kiwi, Canada, Wilder Locations: Riyadh, tatters, It's, Canada, Dubois

☆ Trump is a convicted felon. Here's what it means for the former president.
▼ + stars: | 2024-05-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the historic guilty verdict against former President Donald Trump . In a historic verdict, former President Donald Trump was convicted of all 34 criminal counts related to a hush-money payment made to a porn star , write Business Insider's Laura Italiano, Jacob Shamsian, and Natalie Musumeci. AdvertisementIt's the first time a US president has become a convicted felon. This was a rigged trial by a conflicted judge that was corrupt," Trump told reporters in the Manhattan courtroom hallway. Trump told reporters Thursday the "real verdict is going to be November 5 by the people."

Persons: —, Donald Trump, Tyler Le, Laura Italiano, Jacob Shamsian, Natalie Musumeci, Trump, Stormy Daniels, BI's Lloyd Lee, There's, didn't, Chip Somodevilla, Scott Eisen, Joe Biden, Alyssa Powell, Rob Arnott, Bob Elliott, Paul Singer's, Jane Street, Jenny Chang, Rodriguez, Liz Reid, Satya Nadella, Sam Altman, Nadella, Kevin Dietsch, Charles Schwab, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Republican, Trump, NBC, Getty, Wall, Elliott Management, BI, Tech, Sigma, Google, Microsoft, Apple, Big Locations: Giza, Manhattan, Bridgewater, New York, London

☆ Lightning Round: Beyond Meat is way too risky, says Jim Cramer
▼ + stars: | 2024-05-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Beyond Meat is way too risky, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Riot Platforms, KLA Corp, Beyond Meat, AMD, and Warby Parker.

Persons: Jim Cramer, Warby Parker Organizations: KLA Corp, AMD

☆ Cramer's Lightning Round: Beyond Meat is 'too risky'
▼ + stars: | 2024-05-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Riot Platforms' year-to-date stock performance. Stock Chart Icon Stock chart icon KLA's year-to-date stock performance. Stock Chart Icon Stock chart icon Beyond Meat's year-to-date stock performance. Stock Chart Icon Stock chart icon Advanced Micro Devices' year-to-date stock performance. Stock Chart Icon Stock chart icon Warby Parker's year-to-date stock performance.

Persons: we're, Warby, Warby Parker, Jim Cramer's Organizations: Devices, AMD, Nvidia

☆ For some millennials, the reality of their retirement plans is that they're a fantasy
▼ + stars: | 2024-05-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The documentary chronicles the rise and fall of the movie-ticket-subscription company MoviePass, and is based on award-winning reporting from Business Insider . The big storyRetirement mathGetty Images;Alyssa Powell/BIFor some millennials, the reality of their retirement plans is that they're a fantasy. AdvertisementIt's not the first time we've gotten troubling data about millennials' retirement plans. But it's not just a lack of savings working against millennials' plans of riding off into the retirement sunset. AdvertisementAnd if you're hoping for a Hail Mary in the form of a fat inheritance to jumpstart your retirement plans, that's not looking great either.

Persons: —, MovieCrash, Alyssa Powell, Jacob Zinkula, William Edwards, we've, it's, millennials, Hail Mary, that's, Juliana Kaplan, It's, Johannes Simon, Neel Kashkari, Sam Altman, Justin Sullivan, Oliver Mulherin, Scarlett Johansson, Altman, Jensen Huang, Adam Neumann, Neumann, WeWork, Moviegoing, there's, BI's Peter Kafka, Sheryl Sandberg, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Max, Business, Hail, Reserve Survey, Consumer, Wall, Minneapolis, UBS, Google, Nvidia, BI, Hollywood, HP Locations: Swiss, BI Denmark, New York, London

President Biden and Vice President Kamala Harris are traveling to Philadelphia on Wednesday to announce the rollout of a new coalition aimed at bolstering support from Black voters, who are vital to their re-election but have broadcast frustration with the president in a series of polls. The president and vice president will unveil the effort, Black Voters for Biden-Harris, during a rally at Girard College, a predominantly Black college preparatory school in Philadelphia. They will be joined by several prominent Black Democrats, including Lt. Gov. After the rally, dozens of Black leaders will embark on a nationwide “week of action” to mobilize Black voters in battleground states, according to the Biden campaign. The event is only the latest attempt by the Biden campaign to win back support from Black voters, who have long been known as the “backbone” of the Democratic Party.

Persons: Biden, Kamala Harris, Harris, Austin Davis, Wes Moore, Cherelle Parker, surrogates Organizations: Black, Black Voters, Biden, Girard College, Gov, Austin Davis of Pennsylvania, Maryland, Democratic Party Locations: Philadelphia, Austin Davis of

☆ Here are Tuesday's biggest analyst calls: Nvidia, Meta, Dell, Amazon, Apple, CrowdStrike, Netflix, Airbnb & more
▼ + stars: | 2024-05-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS upgrades Globant to buy from neutral UBS said it sees "demand stabilization" for the IT and software development company. Wedbush upgrades Airbnb to outperform from neutral Wedbush said investors should buy the dip in shares of Airbnb. Morgan Stanley reiterates CrowdStrike as a top pick Morgan Stanley raised its price target on the stock to $422 per share from $372. Morgan Stanley reiterates Microsoft and Meta as overweight Morgan Stanley said in its analysis of large-cap institutional ownership that Microsoft is most under-owned and Meta the most over-owned. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley said the e-commerce giant has a "widening" competitive advantage. "

Persons: Melius, Truist, Mizuho, Hannifin, it's, Futu, Steve Steinour, Zach Wasserman, Huntington, NCLH, Wells, Morgan Stanley, CrowdStrike, Dell, John Donovan, JMP, Guggenheim Organizations: Nvidia, Parker, Mizuho, Argus, UBS, JPMorgan, NASDAQ, 38ppt, " Bank of America, Bank of America, RBC, Netflix, &, Deutsche Bank, Deutsche, Citi, DuPont, Department of Justice, TAM, Guggenheim, Microsoft, Meta, Apple Locations: Asia, Airbnb, ZS, China

☆ Lizzo reveals how she really feels about that ‘South Park’ obesity episode
▼ + stars: | 2024-05-27 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Lizzo appeared to be left stunned after “South Park” referenced the singer in an episode satirizing the increasing popularity of weight-loss drugs like Ozempic and Mounjaro. The “About Damn Time” singer posted a live reaction video on Instagram and TikTok of her watching a scene from “South Park: The End of Obesity.”In the scene, Sharon and Sheila are discussing the “amazing” new drugs that Sharon has been taking to manage her weight. “Lizzo helps you eat everything you want and keep physical activity to a minimum… Ask about the power of not giving a f**k, with Lizzo,” the commercial added, along with a series of side effects. In her reaction video, Lizzo said, “that’s crazy, I just feel like damn, I’m really that b***h.”Lizzo attended the 2024 Met Gala. Lizzo has long advocated for body positivity and spoken out about the body shaming she faces on social media.

Persons: CNN — Lizzo, Sharon, Sheila, “, Lizzo, ”, “ Lizzo, ” Lizzo, Dimitrios Kambouris, Trey Parker, Matt Stone Organizations: CNN, University of Colorado Boulder Locations: Colorado, Lizzo, “

☆ I flew in JetBlue's private 'apartment' for a 6-hour flight. The extra space made business-class travel even better.
▼ + stars: | 2024-05-27 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +1 min

I was on JetBlue's inaugural flight from New York City to Edinburgh. I spent the six-hour trip in its business class "apartment," called the "Mint Studio." The front row of business class, the Mint Studio is JetBlue's most spacious option, with prices from around $4,000. Business Insider paid a press rate of $1,300, including a return flight in the airline's "Even More Space" economy section. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, JetBlue, Mint, Business Locations: New York City, Edinburgh, Scotland

☆ Neighborhoods have really dumb names these days
▼ + stars: | 2024-05-26 | by ( Matt Turner | Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This was after Sam Altman tried to hire her to voice the AI bot, and she declined. OpenAI paused the voice, saying a different actress was behind it, and that the voice was cast before Altman reached out to Johansson. That one of the AI voices sounds a great deal like a Hollywood star who declined to work with OpenAI is purely coincidental . Also read:Fine Art Photographic/Getty Images; Jenny Chang-Rodriguez/BIWelcome to DumBroCities on the rise have a weird trend these days: Really dumb neighborhood names.

Persons: —, Andrew Caballero, Reynolds, Isabel Fernandez, OpenAI's, Spike Jonze, Scarlett Johansson, Samantha, Sam Altman, OpenAI, Altman, Johansson, Sundar Pichai, Vincent Sandoval, Getty, Henrik Sorensen, Tyler Le, Larry Ellison, it's, Tera Vector, Juanma Hache, Abanti Chowdhury, they're, Andrea Chronopoulos, — isn't, Jenny Chang, Rodriguez, — Lindsay MacMillan, Goldman Sachs Organizations: Service, Business, Pujol, Hollywood, Tera, Sciences, BI FI, Goldman Locations: Guadalajara, Mexico, DumBro Cities, Denver

☆ I live in Germany where there are laws around how to name your child. Kids can't be named after titles, places, or brands.
▼ + stars: | 2024-05-25 | by ( Naomi Kaye Honova | ) www.businessinsider.com time to read: +4 min

AdvertisementAmong my kids' classmates and friends, I can't name a single child born in recent years whose name falls into this category. Related storiesOne of my kids technically has a gender-neutral name, but admittedly, it wasn't an issue when we named him in Germany. Another interesting fact is that common German last names, like Schroeder or Fischer, can't be given as first names in Germany. The reason for these names being rejected is due to child protection grounds, as they are seen by German law as acts of child cruelty. Fortunately, this particular law was never an issue for us — we certainly never intended to give our children names like Stalin or Captain Marvel.

Persons: —, Frank Zappa's, Dweezil, Kanye West, Kim Kardashian's, Luca, It's, didn't, Sir, Chanel, Bentley, Schroeder, Fischer, Parker, Sawyer, Carter, Adolf Hitler, Carola, Schokominza, Lenin, Stalin, Marvel Organizations: Service, Moon Unit, Kanye, Business, Prada, Nazi, Pepsi Locations: United States, Saint, Chicago, Germany, London, Ireland, Brooklyn, Memphis, Berlin, Oslo, Dublin

☆ And just like that… Has the tide turned on Carrie Bradshaw’s style?
▼ + stars: | 2024-05-24 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

CNN —Carrie Bradshaw, the lead character played by Sarah Jessica Parker in the 1998-2004 TV series “Sex and the City,” has always been more of a fashion daredevil than a fashion darling. Parker spotted in one of her character's more outlandish looks while filming for the new season of "And Just Like That." “Definitely too much,” read one critique under @everyoutfitonsatc’s post of Jessica Parker in the latter look. So has Bradshaw’s style really changed, or have we? It seems like a ripe topic for the character’s newspaper column, and one Jessica Parker has thoughts on too.

Persons: Carrie Bradshaw, Sarah Jessica Parker, ”, Bradshaw’s, Carrie, could’ve, Bradshaw, Betsy Johnson, Simone Rocha, Ossie Clark, Parker, Jason Howard, Bauer, Griffin, Jessica Parker, florals, Ralph Lauren, Patricia Field, ’ wardrobes, “, Molly Rogers, Danny Santiago Organizations: CNN, City, HBO, Max, Warner Bros ., Guardian, Vogue Locations: New York City, Irish, YSL

☆ Buy quality tech stocks that are immune to high inflation and rates, Trivariate Research says
▼ + stars: | 2024-05-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

As inflation lingers at a generational high, some stocks stand out for their ability to help investors hedge against the effect of high interest rates better than others. "What ensued was a massive negative correlation between the perception about interest rates and the valuation of growth companies from late in 2021." While a basket of high-quality growth stocks used to be negatively correlated to inflation, meaning their stock prices suffered as inflation turned higher, Trivariate says the relationship has since changed. "Today, the correlation of the high-quality growth basket to our inflation basket is zero," the firm said. In the same report, Trivariate Research shared its basket of high-quality names in the technology sector that have a near-zero correlation to its inflation basket.

Persons: Adam Parker, Morgan Stanley, Trivariate, Morgan Stanley —, Meta Marshall, Raymond James, there's, Simon Leopold, Michael Bloom Organizations: Research, Trivariate, Keysight Technologies, Technologies, JPMorgan, VMware, Broadcom Locations: United States

☆ Nvidia earnings closed out earnings season, says Virtus' Joe Terranova
▼ + stars: | 2024-05-23 | 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 EmailNvidia earnings closed out earnings season, says Virtus' Joe TerranovaTrivariate's Adam Parker, Virtus' Joe Terranova, and Citi's Kristen Bitterly join 'Closing Bell' to discuss markets, Nvidia earnings, and more.

Persons: Virtus, Joe Terranova Trivariate's Adam Parker, Joe Terranova, Citi's Kristen Organizations: Nvidia

☆ Watch CNBC’s full interview with Trivariate's Adam Parker, Virtus’ Joe Terranova and Citi’s Kristen Bitterly
▼ + stars: | 2024-05-23 | 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 EmailWatch CNBC’s full interview with Trivariate's Adam Parker, Virtus’ Joe Terranova and Citi’s Kristen BitterlyTrivariate's Adam Parker, Virtus' Joe Terranova, and Citi's Kristen Bitterly join 'Closing Bell' to discuss markets, Nvidia earnings, and more.

Persons: Trivariate's Adam Parker, Virtus, Virtus ’ Joe Terranova, Citi’s Kristen, Adam Parker, Joe Terranova, Citi's Kristen Organizations: Virtus ’, Nvidia

☆ Corporate America is going through a middle-management meltdown
▼ + stars: | 2024-05-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Middle managers are becoming an endangered species in Corporate America, with some companies viewing the role as obsolete , writes Business Insider's Lindsay Dodgson. Remote work, tech efficiencies, and a general push to cut costs have contributed to middle managers' demise. It's a strategy Corporate America, particularly Big Tech, deployed in 2023. The "year of efficiency," as Mark Zuckerberg dubbed it, was all about flattening organizations, and middle managers were the ones getting squished . The death of middle managers could also fuel the current dismantling of another cohort: the middle class .

Persons: —, Brooks Kraft, Insider's Lindsay Dodgson, millennials, Gen Zers haven't, Robyn Phelps, they're, Mark Zuckerberg, Gen, Jeffrey Gundlach, we're, Blackstone, Abanti Chowdhury, Jensen Huang, Hopper, Blackwell, Lilit, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Brooks Kraft LLC, Getty, America, Big Tech, Citi, Street Journal, KKR, Meta, Google, Nvidia, Paragon Intel, National Association of Realtors, FAA Locations: Corporate America, millennials, New York, London

☆ Jamie Dimon might finally be ready to call it quits
▼ + stars: | 2024-05-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyA retirement loomsMarianne Ayala/BIThe world's most recognizable banker might finally be ready to call it quits. The comings and goings of Wall Street executives are common, even at the highest levels. Wall Street has long speculated about who will ultimately succeed Dimon. Martin Gruenberg has told staff he'll stand down as chairman once a replacement has been found , per The Wall Street Journal. A report from the Wall Street Journal says the company hopes to conduct its next implant in June.

Persons: —, Jamie Dimon's, Marianne Ayala, Jamie Dimon, Insider's Paul Squire, nodded, Morgan Stanley, JPMorgan's, Tom Williams, Dimon, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, BI's Reed Alexander, Reed, M, Alyssa Powell, Goldman Sachs, Lindsay MacMillan, Nancy Lazar, Piper, Martin Gruenberg, OpenAI, Scarlett Johansson, Sam Altman's, Andrea Chronopoulos, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Navy SEAL, Business, JPMorgan, Street, Citi, Bank, Inc, Getty, Wall, Dimon, Bank of America, FDIC, Microsoft, Wall Street Journal Locations: New York, London

☆ Gold hovering near record levels: Here's what you need to know
▼ + stars: | 2024-05-21 | 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 EmailGold hovering near record levels: Here's what you need to knowChris Mancini, Gabelli Gold Fund associate portfolio manager, and Bob Parker, senior advisor at International Capital Markets Association, join CNBC's 'The Exchange' to debate the bear and bull case for gold.

Persons: Chris Mancini, Bob Parker, CNBC's Organizations: International Capital Markets Association

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