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One of the world's largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. "There was no venture capital for Latin America. Last year, venture-backed companies in Latin America raised $3.3 billion across nearly 1,000 deals, according to PitchBook. E-commerce and online payments are steadily growing, and Latin America has a young, mobile-savvy population of more than 600 million people. "When you look at the penetration of e-commerce in Latin America, it's still quite low compared to the U.S., Europe or Asia," Galperin told CNBC.
Persons: Marcos Gaplerin, Brad Gerstner, Gerstner, CNBC's Scott Wapner, Goldman Sachs, It's, Buenos Aires Galperin, Galperin, MercadoLibre, We've, it's Organizations: Nasdaq, Wall Street, Stanford Graduate School of Business, CNBC, Stanford, eBay Locations: Delaware, Brazil, Argentina, Mexico, Chile, South America, Mercado Pago, Buenos Aires, Palo Alto , California, California, America, Silicon Valley, New York, Sand, West, Latin America, U.S, Europe, Asia
As things stand, Intel is the only US chip firm with plants, known as fabs, that are capable of making advanced semiconductors. TSMC is set to open a fab in Arizona next year, while reports suggest Sam Altman is seeking to raise funds to create chip manufacturing plants. Intel's customers in China include Alibaba and TikTok parent company ByteDance, which have been subject to scrutiny from the US government. "Intel's ties to key businesses in China are typical for a high-tech firm," he said. As Intel and the US consider plans to increase manufacturing capacity at home, the company's China ties will loom large in the global chip race.
Persons: , Joe Biden, Biden, Forrester's, Alvin Nguyen, HWA CHENG, Sam Altman, Pat Gelsinger, Gelsinger, Forrester's Nguyen, it's, Stacy Rasgon, Bernstein, Rasgon Organizations: Service, Intel, Business, Qualcomm, Street Journal, Bloomberg, China Intel, HWA, Getty, Nvidia, AMD, New York Times, The Times, South Korea's SK Hynix, Intel Capital, Financial, Financial Times, Yahoo Locations: chipmaking, Washington, Intel's Arizona, China, AFP, Taiwan, Arizona , New Mexico, Oregon, Arizona, Chengdu, Dalian, South, Beijing
Read previewTikTok is shutting down its music-streaming app, TikTok Music, on November 28. AdvertisementIt's unclear how successful TikTok Music was at building a user base in the five countries where it launched. On Apple's app store, TikTok Music is the 28th most popular music-streaming app in Indonesia and the 71st most popular in Brazil. Why not send those TikTok music fans to a streaming app it owns? Going forward, the company will likely focus on its "Add To Music App" feature, which lets TikTok users add songs or pre-save tracks they hear on TikTok to other streaming services like Spotify, Amazon Music, and Apple Music.
Persons: , Ole Obermann, TikTok, ByteDance, SiriusXM, hasn't Organizations: Service, Business, TikTok, Universal Music Group, YouTube, Spotify, Amazon Music, Apple Music Locations: Indonesia, Brazil, Singapore, Australia, Mexico, India
Bad Bunny is once again using his music to draw attention to his homeland, Puerto Rico, and as a catalyst for activism. Bad Bunny sings in Spanish. Bad Bunny calls out government leaders for “hiding” and showing up only to make appearances but not actually sending any help. Fans across the internet have applauded Bad Bunny for using his platform to bring awareness to what took place. This isn’t the first time Bad Bunny has used his art to spread awareness of the issues facing his homeland.
Persons: Bunny, Una Velita, Tainy, Hurricane Maria, Virgin Mary —, we'll, , Bad Bunny, grandpa, Maria, Carlos Calderon, Bianca Graulau, El Tony, Organizations: Puerto Rican, Hurricane, Virgin, Puerto Ricans, Hurricanes Locations: Puerto Rico, U.S, Puerto, Hurricane, Puerto Rican, , Al, el
HONG KONG — Xavian Wu, Hong Kong’s first high-profile transgender singer-songwriter, sought to use the city’s annual LGBTQ Pink Dot HK carnival on Sunday to share his story through music. I don’t want to hide,” Wu told Reuters. He started enjoying music and performing when he was a teenager. After seeking medical advice, he started taking testosterone in 2018 and finished top surgery in Thailand in 2020. Wu said he was incredibly fortunate to have his mother accompany him to Thailand and support him.
Persons: Xavian Wu, Hong Kong’s, Wu, ” Wu, , women’s, Music Organizations: Dot, Reuters Locations: HONG KONG, Hong Kong, Thailand
CNN —Multiple people opened fire Saturday night in a bustling area of Birmingham, Alabama, killing four people and injuring 17 others. Seventeen other people were injured, according to Birmingham Police Chief Scott Thurmond. Authorities believe the deadly shooting was a targeted “hit.”Here’s what we know about the mass shooting. “Someone was willing to pay money to have that person killed,” Birmingham Police Chief Scott Thurmond said Sunday. “All of a sudden it was just gunshots, gunshots, gunshots,” Eslami told CNN.
Persons: Truman Fitzgerald, Anitra, Tahj Booker, Carlos McCain, Scott Thurmond, Fitzgerald, Thurmond, Randall Woodfin, , Gabriel Eslami, ” Eslami, , Eslami, didn’t, Dajon Singleton, WBMA, ” “, Singleton, WBMA.Singleton, Woodfin, “ Glock, ” Woodfin, Ban Glock, ” Fitzgerald, CNN’s Zoe Sottile, Raja Razek Organizations: CNN, Police, Anitra Holloman, Authorities, Birmingham Police, Birmingham Police Department, FBI, University of Alabama, Birmingham, WVRC, WVTM, Alcohol, Tobacco, Firearms, Explosives, US, Facebook, ” Authorities Locations: Birmingham , Alabama, Birmingham, Birmingham’s, State
So she and Maggie had focused their hopes on getting a private scholarship. She considered paying $700 for an online class, heavily promoted on Facebook, that promised to show parents how to find college scholarships. Every year, hundreds of thousands of students like Maggie devote countless hours to the hunt for private scholarships to pay for college. AdvertisementWith the combination of institutional aid and private scholarship she received, Maggie managed to cut her original college bill from $15,000 to $8,000. The illness is treatable, but it's likely to cost the family $5,000 out of pocket — effectively wiping out the financial value of the private scholarship Maggie received.
Persons: Maggie Beam, Siobhan, Maggie, Siobhan —, , Mark Kantrowitz, Kantrowitz, it's, Fastweb, Jeff Levy, you'd, Ed McMahon, Peter Thiel, Ron Lieber, Dawn Brady, Chris Reeves, Aisosa, Levy, Charlain Bailey, she'd, Maggie's Organizations: Winthrop University, Rotary, Facebook, Thiel Foundation, Silicon, Niche, Community Foundation, Lehigh University ., Education's, Winthrop, Schug Foundation, Equitable Foundation, Equitable Locations: Charlotte , North Carolina, Winthrop, Carolina, California, San Diego, Aisosa Ede, Osifo, Dallas, North Carolina
Read previewIf Qualcomm sees it through, its takeover bid of Intel would likely be the biggest in Silicon Valley history. The possibility of Intel handing its 56-year history over to a younger rival emerged last week after several reports said that California-based semiconductor firm Qualcomm had made a takeover approach. That said, not everyone is convinced that Qualcomm needs Intel — or that a buyout would be a good idea for either company. My industry survey also indicates that Qualcomm is currently in takeover talks with Intel. A Qualcomm bid for Intel could face similar regulatory obstacles to the takeover attempt Nvidia made for Arm in 2020 and later abandoned in 2022.
Persons: , Qualcomm's, Pat Gelsinger, Patrick Moorhead, Richard Windsor, Chi Kuo, , Qualcomm Organizations: Service, Qualcomm, Intel, Business, Nvidia, Financial Times, CNBC, Amazon Web, Intel Foundry, Radio Free Mobile, International Securities, Microsoft, Bloomberg Locations: Silicon Valley, California, Europe, Taiwan
Inselmann collected literature, data and examples of more than 4,700 Bronze Age arrowheads from Central Europe and mapped out where they came from to compare them with the Tollense Valley arrowheads. Otherwise, they would expect to find evidence of arrowheads within ceremonial burials in the region that were practiced during the Bronze Age. “This new information has considerably changed the image of the Bronze Age, which was not as peaceful as believed before,” Terberger said. I consider the conflict as a sign that this major transformation process of Bronze Age society was accompanied by violent conflicts. Ute BrinkerThe scale of conflictThe large scale of battle has researchers rethinking what social organization and warfare were like during the Bronze Age.
Persons: ’ ”, Leif Inselmann, , Inselmann, ” Inselmann, Thomas Terberger, haven’t, Barry Molloy, Molloy, ” Molloy, ” Terberger, , Ute Brinker, , Organizations: CNN, Berlin Graduate School of Ancient Studies, Free University of Berlin, Germany’s University of Göttingen, University College Dublin, Locations: Germany, Europe, Central Europe, Mecklenburg, Pomerania, Bavaria, Moravia, Tollense
The Israeli military said Monday evening it had carried out a targeted strike in Beirut. Lebanese Health Minister Firass Abiad told a news conference in Beirut the earlier strikes hit hospitals, medical centers and ambulances. The Israeli military announced it hit some 800 targets, saying it was going after Hezbollah weapons sites. Meanwhile, Hezbollah said in a statement that it fired dozens of rockets toward Israel, including at military bases. Lebanon's state-run National News Agency said the strikes hit a forested area in the central province of Byblos for the first time since the exchanges began.
Persons: Rabih Daher, Benjamin Netanyahu, Netanyahu, Abed, Hezbollah's, Firass Abiad, Mahmoud Zayyat, Daniel Hagari, Herzi Halevi, Israel, Halevi, Rafael, Ibrahim Aqil Organizations: Afp, Getty, Lebanese, National News Agency, Lebanese Health, Iran's, Guards, Hezbollah, Sunday, Hamas, Associated Press, Fighters Locations: Marjayoun, Lebanon, Israel, Sidon, Beirut, Lebanon's, Bekaa, Byblos, Lebanese, Syria, Haifa, Gaza, Iran, Beirut's
Qualcomm is reportedly interested in acquiring Intel, but analysts are skeptical. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But one of Wall Street's most heeded chip luminaries has waded in, and he's largely not in favor.
Persons: , Stacy Rasgon Organizations: Qualcomm, Intel, Service, Business
Read previewMy husband and I had always talked about getting a camper van and taking it on epic road trips after we retired. We were at a car show and spotted a compact, camper van from the '90s that was well within our budget. Even so, the costs of upkeep went up as we added more mileage to the camper van. And, after doing some math, we realized we don't need a camper van to do the road trips we dreamed of. AdvertisementHopefully, our camper van suits the new owners better than it did us — and maybe we'll cross paths on the road sometime.
Persons: , van, Marie L Mangin, we're, We'll Organizations: Service, Business
CNN —A Pennsylvania health care system this month agreed to pay $65 million to victims of a February 2023 ransomware attack after hackers posted nude photos of cancer patients online, according to the victims’ lawyers. Eighty percent of the $65-million settlement is set aside for victims whose nude photos were published online. The ransomware attack “was limited to the network supporting one physician practice located in Lackawanna County,” the Lehigh statement continued. A February ransomware attack on a major health insurance billing firm cut off health providers from billions of dollars and put some health clinics on the brink of bankruptcy. A full-scale ransomware attack on a health care provider has many costs aside from potential lawsuits, from rebuilding computer systems to retaining legal counsel, Henderson said.
Persons: Saltz Mongeluzzi, , Carter Groome, ” Groome, , Max Henderson, Henderson Organizations: CNN, Health, Lehigh Valley Health Network, Lehigh, Biden Locations: Pennsylvania, Lehigh, Lackawanna County
Newly released federal data shows the US tech workforce is younger than the workforce at large and getting younger still. Tech workers under 25 are becoming more common, while the proportion of workers older than 40 shrinks. There's an age-old perception that tech workers should be young so they can move fast and break things. One of the top qualifications to land a tech job, it seems, is to possess a birth certificate dated after 1990. Women make up just 22% of tech workers — the same proportion of jobs they held in 2005.
Persons: Z, Mark Zuckerberg, Maureen Clough, antiaging serums, Joanna Lahey, Lahey, ageism, John Zeman, Elon Musk, Zeman, John Rizzo, Rizzo, X, Daniel Jolles, Jolles, they're, Amanda Hoover Organizations: Tech, Commission, Texas, M University, Twitter, IBM, The London School of Economics, Business Locations: Silicon Valley, China
Read previewMario Vasquez Zuniga, 29, got a taste of entrepreneurship three years before he launched his own business. In 2023, Vasquez Zuniga quit his job and cofounded Collective, a consulting firm, with former colleague Thea Appling. Vasquez Zuniga is a first-generation college graduate who earned his degree from San Francisco State University in 2016. Vasquez Zuniga has another advantage: He's a native Spanish speaker, and he said nearly all of the people he works with are bilingual. Vasquez Zuniga added that setting milestones is also key for new entrepreneurs.
Persons: , Mario Vasquez Zuniga, Vasquez Zuniga, Thea Appling, " Vasquez Zuniga, who's, undervalue, they've, hasn't Organizations: Service, Lucas Public Affairs, Business, Treasury Department, Bureau of Labor Statistics, San Francisco State University, Small Business Administration, CPA, Sacramento Valley Small Business Development Center, Immigrants Locations: Palmdale , California, Sacramento, El Salvador, Spanish
Where Harris is outspending Trump the most
  + stars: | 2024-09-23 | by ( Alice Tecotzky | ) www.businessinsider.com   time to read: +4 min
Read previewAs Vice President Harris and former President Donald Trump enter the most expensive stretch of the election, their respective spending habits say a lot about the state of the race. And while polls may be tight, the money race isn't — Harris is outspending Trump by approximately $5 million every single day, according to the most recent federal filings. Harris is outspending Trump in ad buys in every single swing state, Bloomberg reported based on data from AdImpact. AdvertisementNeither the Trump nor Harris campaigns immediately responded to Business Insider's request for comment. Trump is outspending Harris in terms of direct mail by a ratio of approximately three-to-one.
Persons: , Harris, Donald Trump, isn't — Harris, outspending Trump, Trump, Anne Hathaway, Whoopi Goldberg, Timothy Mellon, Elon Musk, outspending Harris, doesn't Organizations: Service, Business, Bloomberg, Democratic, Cipriani Wall, New York Times, Big, Trump, Elon, Labor, Musk's America PAC Locations: Pennsylvania, Michigan , Georgia, Arizona , Wisconsin, North Carolina, Nevada, Michigan, Georgia , Wisconsin , Arizona, Silicon Valley, San Francisco, Los Angeles
Beyoncé at the 2024 iHeartRadio Music Awards held at the Dolby Theatre in Los Angeles on April 1, 2024. Levi Strauss summoned the Beyhive on Monday after teasing a potential collaboration with Beyoncé in a post on Instagram. Aside from the allusions to Beyoncé's latest album, "Cowboy Carter," Levi's also tagged the superstar's account in the post, fueling buzz from her fanbase, known as the Beyhive. Levi's second-quarter earnings in June missed Wall Street's sales expectations, but the brand's leadership has maintained that the future of denim is bright. Representatives for Levi's did not immediately respond to CNBC's request for comment on the potential Beyoncé collaboration.
Persons: Levi Strauss, Cowboy Carter, Levi's, Michelle Gass Organizations: Dolby Theatre, Beyoncé, Abercrombie, Fitch Locations: Los Angeles
Since 2019, Oberman, his wife, and their two cats have lived in five cities across four countries. This story is available exclusively to Business Insider subscribers. "With a creative background, I bring some flexibility to our travels," the 38-year-old told Business Insider via email, adding, "I have options to work no matter where we land." Over the past year, Business Insider has interviewed several people who have moved away from their home countries. The couple found a full-time day care option that charges roughly $400 a month for children less than one year old, according to a document provided to Business Insider.
Persons: , Chris Oberman, Oberman, he's, Netherlands Chris Oberman Organizations: Service, Business, South Locations: Netherlands, , Beijing, Shanghai, Erbil, Iraq, Seoul, South Korea, China
CNN —Dolly Parton has learned her special connection with goddaughter Miley Cyrus is even deeper than she originally thought. Their common ancestor is a man named John Brickey, who was born in Virginia in 1740, according to Ancestry. Brickey is Parton’s sixth great-grandfather and Cyrus’ seventh great-grandfather. “We’re so close, Miley and I. I’d have thought we’d have been at least third cousins,” Parton said on Monday’s episode of Access Hollywood, reacting to the revelation. “Dolly is not only my idol because of her incomparable career—she’s also my role model because of her steadfast morals and values,” Cyrus wrote.
Persons: Dolly Parton, goddaughter Miley Cyrus, they’ve, John Brickey, Cyrus ’, , Miley, ” Parton, Hannah Montana ”, Cyrus, Parton, Dolly, — she’s, ” Cyrus Organizations: CNN, Disney Channel Locations: Virginia, East Tennessee
Read previewFamed Silicon Valley investor Vinod Khosla thinks artificial intelligence will be able to do 80% of the work of 80% of jobs. He understands concerns over the idea of handing out cash to people who are pushed out of jobs by AI. Khosla wrote that it might seem "impractical" because of economic constraints. Related storiesYet Khosla expects the breadth of gains from AI will gradually reduce the economic constraints that animate some criticisms of UBI. Yet interventions are needed to help those hurt by broadening income disparities, Khosla said.
Persons: , Vinod Khosla, Khosla, Elon, Sam Altman, Pope Francis, haven't Organizations: Service, Sun Microsystems, Business Locations: OpenAI, Argentina, Venezuela
PESHAWAR, Pakistan — A roadside bomb hit a convoy of foreign diplomats visiting northwest Pakistan on Sunday, killing a police officer in their security detail, police said. Ambassadors from Indonesia, Portugal, Kazakhstan, Bosnia and Herzegovina, Zimbabwe, Rwanda, Turkmenistan, Vietnam, Iran, Russia, and Tajikistan were among those in the convoy, police said. Police made security arrangements for the foreign ambassadors and they were immediately rescued and moved towards Pakistan's capital Islamabad, Khan said. Offering sympathies to the families of those who died, Pakistan’s foreign ministry said in a statement that “all members of the diplomatic corps have returned safely to Islamabad.”Pakistan's President Asif Ali Zardari also condemned the attack. Pakistani counter-terrorist forces maintain a strong presence in the Swat valley, which has long been a hotbed of Islamist militant insurgency.
Persons: Zahidullah Khan, Mohammad Ali Gandapur, Khan, Asif Ali Zardari, , Malala Yousafzai Organizations: NBC News, Police, Pakistani Locations: PESHAWAR, Pakistan, Swat, Indonesia, Portugal, Kazakhstan, Bosnia, Herzegovina, Zimbabwe, Rwanda, Turkmenistan, Vietnam, Iran, Russia, Tajikistan, Pakistan's, Islamabad,
“But that’s just not where we are right now.”The sisters aren’t alone in their status as dynamic duos turned dynamic uno. Hall & OatesDaryl Hall and John Oates of the band Hall and Oates performing in Minnesota in 2017. In May, Hall – who originally filed the lawsuit against Oates in 2023 – told Variety in an interview that that Hall & Oates were officially over. Zeppelin originally included Page, Plant, drummer John Bonham and bassist/keyboardist John Paul Jones. The band broke up in 1980 after Bonham’s death and Page and Plant went on to each have successful solo careers.
Persons: Tia Mowry, Tamera Mowry, Housley, , Mowry, Cory Hardict, , that’s, Keegan, Michael Key, Jordan Peele Keegan, Jordan Peele, Peele, Key, ” Paris Hilton, Nicole Richie, Paris Hilton, Frazer Harrison, besties, Richie, they’re, Peacock, Liam, Noel Gallagher Liam, Noel Gallagher, they’ve, Stripes Jack, Meg White, Adam Savage, Jamie Hyneman, Alberto E, Rodriguez, Savage, Jon Lung, Brian Louden, ” Savage, Oates Daryl Hall, John Oates, Oates, Adam Bettcher, Daryl Hall, Hall –, , Mero Desus, Kid Mero, Showtime’s, Mero, Carmelo Anthony, Nice, Robert Plant, Jimmy Page Robert Plant, Jimmy Page, John Bonham, John Paul Jones, Plant, “ He’s, ” Page, Simon, Garfunkel, Paul Simon, Kevin Winter, Art Garfunkel Organizations: CNN, Comedy, Paris, Getty, Hilton, Gallaghers, Oasis, Stripes, Oates, NBA, Zeppelin, New York Times Locations: Hollywood, , Pasadena, Minnesota, Brooklyn, British, Culver City, Queens
In August 2022, I thought I was attending a garden party to celebrate the launch of a new line of Sunglass Hut glasses. It turned out to be my dream Central Park engagement. Leo and I met in March 2019 during an influencer trip to Disney World. Although we discussed getting engaged before, I believe an engagement should be a surprise, and ours was the most incredible surprise. I ended up giving her a dress that she wore while getting engaged.
Persons: Rachel Martino, Leo, Prince Eric, Facetimes, Noelle Organizations: Service, Disney, Coachella, Park Locations: Orlando, LA, New York, Mexican, Central Park, Paris, Greenpoint , Brooklyn
CNN —At least four people were killed and “dozens” more were injured in a mass shooting in one of the most popular entertainment areas in Birmingham, Alabama, Saturday evening, the Birmingham Police Department said. Just after 11 p.m., “multiple shooters fired multiple shots on a group of people” in the Five Points South area, Birmingham Police Officer Truman Fitzgerald said. A fourth victim died at an area hospital, he added. “We have dozens of gunshot victims from this area,” Fitzgerald said. Five Points South is a busy area known for its restaurants, night clubs, pubs and live music venues near the University of Alabama at Birmingham campus and a short drive from the downtown Birmingham area.
Persons: Truman Fitzgerald, Fitzgerald, Hannah Echols, ” Fitzgerald, “ I’m, Organizations: CNN, Birmingham Police Department, Birmingham Police, University of Alabama, Birmingham Hospital, Birmingham Locations: Birmingham , Alabama, Birmingham, Alabama, United States
Pope Francis has become a vocal advocate for a universal basic income. In a meeting on Friday, the Pope again called for a basic income. Go to newsletter preferences Thanks for signing up! AdvertisementIt's not the figurehead you'd expect for the universal basic income movement, which is mostly driven by tech CEOs in Silicon Valley, but it's the one with by far the most followers: Pope Francis. Pope Francis has advocated for a universal basic income, or UBI, for several years.
Persons: Pope Francis, Pope, , Pope Francis . Pope Francis Organizations: Service, Business Locations: Silicon Valley
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