DIRS.INFO The most relevant business & tech news

☆ Unmarried Chinese women have found yet another way to get over the stigma of being single: Flee to the West and get another degree
▼ + stars: | 2024-06-24 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +6 min

Read previewSome single Chinese women — fatigued from the social stigma of being unmarried and childless — are opting to run away altogether. These women — mostly millennials in their mid to late 30s — are taking to the Chinese social media platform Xiaohongshu to talk about their great escape to the West. These women, per their accounts, are enrolled in higher education in countries like France, the UK, and the US. In these diary-style posts, the women talk about how higher education in the West has been their ticket to freedom. AdvertisementLeftover womenThere are several push factors that may be motivating more Chinese millennial women to seek greener pastures abroad.

Persons: —, who've, Claudia Ke, Ke, Susu, she'd, childrearing, Emily Huang, BI's Kevin Tan Organizations: Service, US, Business, China, Burgundy School of Business, University of Cambridge, China Centre for Economic Research, National Bureau of Statistics Locations: France, China, Shanghai, Europe, Cambridge, England, Peking

☆ Supply chain hotspot Vietnam rolled out the red carpet for Putin, and the US is trying to act cool
▼ + stars: | 2024-06-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewWanted by the International Criminal Court, Russian President Vladimir Putin still traveled to Vietnam on a two-day visit, where he was warmly welcomed. Russia and Vietnam also have a long history going back to the Soviet era, so his visit is also not surprising. Related storiesWestern allies may rethink "Vietnam's reliability as a strategic partner in the region," Hoang wrote. AdvertisementThis sentimentalism can influence the pragmatism that marked Hanoi's foreign policy for the last two decades, wrote Hoang at the ISEAS–Yusof Ishak Institute. It's also a smart political move, as a segment of Vietnamese still holds "a deep fondness for Russia," wrote Hoang.

Persons: —, Vladimir Putin, Putin, Vietnam —, Hoang Thi, Yusof, Hoang, Janet Yellen, Yellen, Daniel Kritenbrink, Kritenbrink, It's Organizations: Service, International Criminal Court, Business, ICC, US, Russia, Institute, Regional, Political, State, East Asian, State Department, Soviet Union Locations: Russian, Vietnam, Russia, Soviet, Washington, Ukraine, Australia, Japan, Singapore, ISEAS, China, Hanoi, Moscow, Beijing, Atlanta

☆ Citi names one 'compelling emerging' theme to play real estate — and stocks and REITs to buy
▼ + stars: | 2024-06-21 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Real estate companies around the world are eyeing one area right now: data centers, according to Citi. Citi noted the push toward data centers is being driven by major themes such as artificial intelligence and nearshoring. More industrial companies are looking to convert warehouses into data centers, Citi noted. Stocks to benefit The bank named three "direct beneficiaries" of rising data center demand: U.S.- listed real estate investment trust Digital Realty Trust , data center firm Equinix and Australia-listed NextDC . Paul Hanna | Bloomberg | Getty ImagesReal estate companies around the world are eyeing one area right now: data centers, according to Citi.

Persons: Stocks, There's, Keppel DC REIT, Paul Hanna Organizations: Citi, Digital Realty Trust, Digital Realty, Equinix, Nvidia, Keppel DC, Industrial Trust, Inc, Talavera de la Reina, Bloomberg, Getty Locations: datacenters, Equinix, Australia, Singapore, India, Talavera de, Spain

☆ ‘It’s frightening:’ How social media distorts the truth about sun exposure
▼ + stars: | 2024-06-21 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

“Stop wearing sunscreen,” says a TikTok influencer with 1.6 million followers and 36 million likes. “The sun does not cause skin cancer,” insists a TikTok pundit with 76,000 followers in a post that has been bookmarked nearly 4,000 times. “Vitamin D can still be generated when you’re wearing sunscreen,” Andrews said. “Since sunscreen came out, the rise of skin cancer has only gone up and up,” says one TikTok influencer. So the driving force is exposure years and years ago, not the increased use of sunscreen today.”Many social media posters use a nugget of truth and then twist it, experts say.

Persons: ”, I’ll, It’s, Kathleen Suozzi, “ It’s, ” Suozzi, “ You’ll, you’ll, Gen, David Andrews, ” Andrews, today’s, Kelly Olino, we’d, ’, Connie Chen, CNN That’s, ” Olino, “, Suozzi, Andrews, overexposure, it’s, dermatologists, That’s, influencer, you’d, ” EWG’s Andrews Organizations: CNN, Skin Cancer Foundation, Yale School of Medicine, US Centers for Disease Control, Environmental, Yale Cancer Center, Social Locations: New Haven , Connecticut, melanomas

☆ Looks like Elon Musk just added Melinda French Gates to his list of billionaires' ex-wives who 'might be the downfall of Western civilization'
▼ + stars: | 2024-06-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Melinda French Gates endorsed President Joe Biden on Thursday and Elon Musk isn't happy about it. "Might be the downfall of Western civilization," the mercurial billionaire said in response. AdvertisementMelinda French Gates has given her first-ever presidential endorsement, and Elon Musk isn't too happy about it. "Might be the downfall of western civilization," Musk said in response to an X post by The Babylon Bee staffer Ashley St. Clair on Gates' endorsement of Biden. Gates formally endorsed Biden in an X post published Thursday.

Persons: Melinda French Gates, Joe Biden, Elon Musk, Musk, MacKenzie Scott, —, Elon Musk isn't, Ashley St, Gates, Biden, I've Organizations: Service, Babylon Locations: Clair

☆ Fahim Saleh murder jury must decide if Tyrese Haspil believed stabbing and dismembering tech CEO was 'reasonable'
▼ + stars: | 2024-06-21 | by ( Laura Italiano | ) www.businessinsider.com time to read: +16 min

Days before admittedly stabbing and dismembering tech CEO Fahim Saleh, ex-personal assistant Tyrese Haspil admittedly used $750 of his victim's money to buy this 6-by-6-inch cake for his girlfriend. Anything less than unanimity — say if one juror accepts Haspil's EED defense and 11 do not — will cause a mistrial. Killer Tyrese Haspil, left, and Fahim Saleh in the lobby of Saleh's Lower Manhattan condo complex, one minute before the attack. Tyrese Haspil, accused of the 2020 murder-dismemberment of tech CEO Fahim Saleh, in state Supreme Court in Manhattan. Fahim Saleh is facing his killer, Tyrese Haspil, as the elevator doors close on the victim's apartment.

Persons: —, They'll, Tyrese, Fahim Saleh, Haspil, Saleh, Tyrese Haspil, Louis Vuitton, Chauveau, Alan Chin, who'd, Barry Rosenfeld, he'd, Linda Ford, He'd, Exed, Tasers, Fahim Saleh's, Joseph Goldstein, Sam Roberts —, Society — Organizations: Service, Business, Attorney, Louis, Manhattan, Home Depot, York Penal Law, Amazon, Buy.Taser.com, New York, Society Locations: Manhattan, France, Lower Manhattan, American, Gokada, Nigeria, Brooklyn, Lagos, New York, balaclava, New

☆ Here's our first-quarter earnings report card for 32 stocks in the portfolio
▼ + stars: | 2024-06-21 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Most of the earnings reports — 25 out of 32 portfolio names — were ranked as good or great by the Investing Club. Similar to prior quarters, we grouped company results into one of four categories. Meta Platforms : Sales, earnings and cash flow results all topped expectations . However, sales and earnings both outpaced expectations, as did return on tangible common equity, a key consideration when valuing banks. The company also raised its outlook for full-year earnings growth to 25% year-over-year from 20%.

Persons: we're, Dover, Eli Lilly, Blackwell, Abbott, —, Wall, We'll, Morgan Stanley, Nikesh, Stanley Black, Wells, Estee Lauder, Fabrizio Freda, Jim Cramer's, Jim Cramer, Jim, Hock Tan, Broadcom Lucas Jackson Organizations: Investing, Apple, Services, Broadcom, VMware, Coterra, DuPont, Microsoft, Nvidia, Wynn Resorts, Super, Abbott Labs, Web Services, Constellation Brands, Constellation, Ford, Ford Pro, Wall Street, Alto Networks, Procter & Gamble, TJX, GE Healthcare, Honeywell, Linde, Jim Cramer's Charitable, CNBC Locations: Dover, China, Eaton, Las Vegas, China's Macao, billings, Wells Fargo, —

☆ This AI play is about to pass Warren Buffett’s Berkshire Hathaway in market value
▼ + stars: | 2024-06-20 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Once-obscure chipmaker Broadcom has enjoyed a record-setting rally that's pushed its market capitalization inches behind Warren Buffett's Berkshire Hathaway conglomerate and its portfolio of household names and economic bellwethers. When Broadcom hit an all-time high earlier this week, its market capitalization briefly surpassed drug maker Eli Lilly's. As of Tuesday's close, Broadcom had a market cap of $839 billion, right behind Eli Lilly's $845 billion and Berkshire's $882 billion. Omaha-based Berkshire is currently No.7 in market value, after a cluster of megacap technology giants. Big AI beneficiary Broadcom, meanwhile, is seeing strong demand from customers in need of high-capacity chips that can power complex AI applications.

Persons: that's, Warren Buffett's, Eli Lilly's, Hock Tan, Steve Sosnick, Tesla, Morgan Stanley Organizations: Broadcom, Warren, Warren Buffett's Berkshire Hathaway, Apple, Berkshire, BNSF Railway, Geico Insurance, U.S ., PetroChina, Bank of America, Interactive Brokers, VMware Locations: Palo Alto , California, Omaha, Berkshire, U.S, Saudi Aramco

☆ The man who dared to revolt against Sam Altman at OpenAI just started a research lab promoting 'safe superintelligence'
▼ + stars: | 2024-06-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI cofounder and former chief scientist Ilya Sutskever announced his new venture on Wednesday — a research lab committed to developing "safe superintelligence." "I am starting a new company," Sutskever said of his new project, Safe Superintelligence Inc. (SSI) in an X post. I am starting a new company: https://t.co/BG3K3SI3A1 — Ilya Sutskever (@ilyasut) June 19, 2024According to SSI's website, the lab has "one goal and one product: a safe superintelligence." AdvertisementRepresentatives for Safe Superintelligence and OpenAI didn't immediately respond to requests for comment from BI sent outside regular business hours. Following Altman's return, Sutskever appeared to have been shut out of OpenAI, BI reported in December, citing people familiar with the situation.

Persons: —, Ilya Sutskever, Sutskever, BG3K3SI3A1 — Ilya Sutskever, Daniel Gross, Daniel Levy, Ashlee Vance, Bloomberg's Vance, OpenAI didn't, Elon Musk, Sam Altman's, Altman, Altman's, OpenAI, splintering, Dario, Daniela Amodei Organizations: Service, Superintelligence Inc, Business, SSI, Apple, BI, OpenAI, Amazon, Google Locations: OpenAI

☆ More rich countries worried about the dollar want to buy gold
▼ + stars: | 2024-06-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Central banks from advanced economies plan to buy more gold, according to a World Gold Council survey. Meanwhile, central banks expect the US dollar's share in global reserves to fall in the next five years. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Even central banks from advanced economies are planning to load up on gold, according to a World Gold Council survey released on Monday. This story is available exclusively to Business Insider subscribers.

Persons: —, they're Organizations: Gold, Service, Business Locations: China

☆ George Santos says he's now on OnlyFans, but he's there to 'stir the pot' and not to post 'adult content'
▼ + stars: | 2024-06-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Fans of the disgraced ex-congressman George Santos can now subscribe to him on OnlyFans. Santos announced his debut on the popular adult content creation platform on Wednesday. AdvertisementFormer Rep. George Santos has found a new way to monetize his infamy besides selling videos on Cameo. According to Santos' OnlyFans profile, a monthly subscription costs $29.99, while a three-month bundle will set his fans back $80.97. https://t.co/vYviMechYB — George Santos (@MrSantosNY) June 19, 2024But Santos was quick to downplay any expectations of him releasing racy snaps.

Persons: George Santos, Santos, —, vYviMechYB — George Santos, Semafor, Marcia Kramer, It's Organizations: Service, Business, CBS

☆ 'Outsized winners': Morgan Stanley names global stocks to tap the 'upgrade supercycle' in a corner of AI
▼ + stars: | 2024-06-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The market is underestimating one corner of artificial intelligence, according to Morgan Stanley. The innovation in the sector is set to drive AI chip capabilities, said Morgan Stanley. Morgan Stanley says it sees "outsized winners" in Japan, South Korea and the European Union. Taiwan TSMC : Morgan Stanley noted the Taiwanese semiconductor firm is a major provider of CoWoS technology, a type of packaging technology. Japan Morgan Stanley says it favors Disco and Advantest the most out of all the companies in Japan that are producing equipment for advanced packaging.

Persons: Morgan Stanley, That's, Amkor, TSMC, — CNBC's Michael Bloom Organizations: Engineers, European Union, United, Semiconductor Assembly, Test Services, Apple, ACM Research, SK Hynix, SK Hynix's Locations: Japan, South Korea, United States, Arizona, Taiwan

☆ Millennials are losing their cool
▼ + stars: | 2024-06-19 | by ( Emily Stewart | ) www.businessinsider.com time to read: +16 min

Millennials may not be there yet on pants, or at least that's what I, as a millennial, tell myself. The internet is fueling the millennials vs. Gen Z discourse, but underlying it is something deeper: millennials raging against the dying of the light. "It's really beneficial for brands that at least the online discourse has millennials looking to Gen Z for trends. The nature of internet culture, much of which was created by millennials, puts a unique bent on the discourse and how creators and influencers address millennials. Gen Z, be nice to your friendly millennial next door, and vice versa.

Persons: we're, We're, Valeria Penttinen, Julie Erickson, —, Erickson, Michael Miraflor, Hannah Grey, Justin Timberlake's, Claire Tassin, Jean Twenge, Gen X, Silents, they're, X, It's, Penttinen, millennials, Harley Block, Joel Steckel, I'm, that's, Devon Price, Price, Twenge, it's, Miraflor, Gwen Stefani, Martha Stewart, Alpha, Gen, They'll Organizations: Northern Illinois University, Morning, New York University, Starbucks, Loyola University Chicago's School, Professional Studies, Sports Illustrated Locations: Toronto, America

☆ This 27-year-old says she makes 6 figures running a California fast-food joint: 'It's been life-changing for my family'
▼ + stars: | 2024-06-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Monique Pizano, 27, is a general manager of a Raising Cane's branch in California. The college graduate says she can make as much as $174,000 in a year, per The Wall Street Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMonique Pizano's decision to work for Raising Cane's instead of taking a regular desk job has paid off handsomely. The 27-year-old college graduate told The Wall Street Journal in a report published on Monday that she makes as much as $174,000 a year working as a general manager at the fast-food chain.

Persons: Monique Pizano, —, Monique Pizano's, Cane's, Pizano, interning Organizations: Street, Service, Wall Street, Business Locations: California, Japan, Riverside , California

☆ Apple doesn't want to be your banker anymore
▼ + stars: | 2024-06-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Apple discontinued its buy-now, pay-later service on Monday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt sure looks as if disrupting the world of finance isn't as easy as Apple initially thought. On Monday, the iPhone maker told 9to5Mac that it was discontinuing its buy-now, pay-later service, Apple Pay Later, just months after it was rolled out across the US in October. "With the introduction of this new global installment loan offering, we will no longer offer Apple Pay Later in the US."

Persons: Goldman Sachs, Apple's, it's, — Organizations: Apple, Service

☆ Planning for retirement? These stocks make 'great long-term investments,' according to the pros
▼ + stars: | 2024-06-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

But investors with a greater risk appetite or a longer runway to retirement can consider stocks. CNBC Pro asked the experts what stocks they would buy that are suited to long-term investing for retirement purposes. Dziubinski named three stocks which she says look undervalued but will make "great long-term investments" at current prices. Starbucks Dziubinski says Starbucks ' brand and pricing power have earned it a wide economic moat rating, which according to the firm refers to a company's durable competitive advantage. Wheaton Precious Metals Regal Point Capital's Marolia named Wheaton Precious Metals as a stock with long-term potential.

Persons: Susan Dziubinski, Dziubinski, Vijay Marolia, Morningstar, Marolia, it's, Wheaton, we've, we're Organizations: Morningstar, CNBC Pro, Regal Point, Consumer, Johnson, Brands, Nike Nike, Nike, Wheaton Precious, Wheaton Precious Metals, Blackstone Group

☆ Doing resistance training now helps older adults keep strength 4 years later, study shows
▼ + stars: | 2024-06-18 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

As people get older, their skeletal muscle function declines, according to the study published Tuesday in the journal BMJ Open Sport & Exercise Medicine. It was up to the individuals whether they continued their strength training regimen or went back to their normal exercise level,Resistance training with heavy loads yielded the greatest long-lasting benefit in leg strength, the study showed. Edwin Tan/E+/Getty ImagesWhat counts as resistance training? You can think of resistance training as “exercises that improve strength by making muscles work against a force,” said CNN fitness contributor Dana Santas, a mind-body coach for professional athletes. “For older adults, resistance training is crucial for maintaining muscle mass, bone density, and mobility,” she said.

Persons: ”, Mads Bloch, John Batsis, Edwin Tan, Batsis, ” Batsis, Dana Santas, Bloch, Ibenfeldt, Santas Organizations: CNN, CNN’s, Exercise, Institute of Sports Medicine, Bispebjerg Hospital, University of North, School of Medicine, Geriatric, Gillings School of Global Public Health Locations: Copenhagen, Denmark, University of North Carolina

☆ US announces major bust as efforts to crack down on Chinese money launderers working with drug cartels ratchet up
▼ + stars: | 2024-06-18 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +17 min

A US-based lawyer who has represented accused Chinese money launderers said the tempo of law enforcement operations against the alleged launderers has increased in recent weeks as federal agents close in on “bigger fish” among Chinese money launderers in the US. None of the federal law enforcement agencies involved in tracking Chinese money launderers agreed to be interviewed on the record. Grassley and Whitehouse have each introduced legislation they say is key to closing loopholes in US law that are actively exploited by the cartels’ money launderers. Elaborate networksRecent court documents illuminate how far-flung and elaborate US-based networks of alleged Chinese money launderers are. Mirror TransactionsExperts say the Chinese money launderers have mastered the art of so-called mirror transactions, which involve a series of deposits at multiple bank accounts to conceal the drug money.

Persons: ”, Anne Milgram, surveil, “, Don Im, Biden, HSI, Ricardo Mayoral, William Kimbell, ” Kimbell, launderers, —, Sen, Sheldon Whitehouse, ” Whitehouse, Treasury Department —, Whitehouse, Christopher Wray, Joe Biden, Xi Jinping, Republican Sen, Charles Grassley, Enhua Fang, Li Pei Tan, Tan, Joe Habachy, Matthew Rothbeind, Fang, Chaojie Chen, Chen, Greg Hunter, ” David Luckey, JPMorgan Chase Organizations: CNN, Drug, Administration, Sinaloa Cartel, US Court, Central, Central District of, DEA, IRS, “, Centers for Disease Control, Federal, Homeland Security, Treasury, Treasury Department, Treasury’s, Network, Homeland Security Investigations, DHS, Financial Crimes, Rhode Island Democrat, intel, Department of Homeland Security, FBI, Senate, ” CNN, White, Office of National Drug Control, Service, Biden, Republican, Grassley, Rand Corporation, of, JPMorgan Chase, Bank of America, JPMorgan, Organization Locations: California, Mexican, China, Mexico, Los Angeles, Sinaloa, Central District, Central District of California, Colombia, America, Oregon, Virginia, South Carolina, Washington, DC, North, Central America, —, Iowa, North Carolina, Belize, Chinese, Georgia, Chicago, Tulsa, East Coast, Detroit , Chicago, Ohio, Western, of North Carolina, Wells Fargo

☆ China now has 500 warheads and is building its nuclear arsenal faster than any other country, think tank says
▼ + stars: | 2024-06-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

China increased its nuclear warheads from 410 in 2023 to 500 this year, per SIPRI. The European think tank says China's nuclear arsenal is growing "faster than any other country." China could have over 1,000 operational nuclear warheads by 2030, per the Pentagon. AdvertisementChina has beaten its fellow superpowers when it comes to growing its stockpile of nuclear warheads, a European think tank said in a report on Monday. According to SIPRI, China has increased its nuclear warheads from 410 in 2023 to 500 at the start of this year.

Persons: —, Hans M Kristensen, Kristensen, that's Organizations: Pentagon, Service, Peace Research Institute, Business Locations: China, European, Stockholm, SIPRI

☆ Broadcom should replace Tesla in the 'Magnificent 7,' says Interactive Brokers' Sosnick
▼ + stars: | 2024-06-17 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Broadcom's rise in 2024 is cause for the chipmaker to replace Tesla in the "Magnificent Seven," according to Interactive Brokers Chief Strategist Steve Sosnick. "Broadcom captures the whole zeitgeist of the moment right now," Sosnick told CNBC's " Squawk on the Street " on Monday. "It's an AI stock much more so. Even though Tesla might be one in the future, Broadcom is one now." AVGO TSLA YTD mountain Broadcom and Tesla stock year to date Sosnick's comments come as Tesla struggles in 2024.

Persons: Steve Sosnick, Sosnick, CNBC's, Tesla, FOMO, Hock Tan Organizations: Tesla, Interactive Brokers, Broadcom, Technology, Nasdaq

☆ Russia adopts Chinese yuan-to-ruble as benchmark exchange rate after US sanctions force a further move away from the dollar
▼ + stars: | 2024-06-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Read previewMoscow is adopting the Chinese yuan-to-ruble exchange rate as its benchmark currency pair after the US expanded sanctions against Russia on Wednesday, the country's central bank said on Thursday. The new US sanctions prompted the Moscow Exchange to end dollar and euro trading on Thursday, causing confusion — since the exchange rate is now opaque. Related storiesRussia's central bank appeared to seek to calm the market in a statement on Thursday. AdvertisementThe central bank added in its statement to Russia's RBC News that the yuan has become "the main currency" on the Moscow Exchange. It will "set the trajectory for other currency pairs" and be the guideline for market participants, the central bank said.

Persons: —, Vladimir Putin, Russia — Organizations: Service, Russia, Business, TASS, RBC, Moscow Exchange Locations: Moscow, Russia, Ukraine, Russia's

☆ Donald Trump turns 78, a birthday he wishes ‘doesn’t exist’
▼ + stars: | 2024-06-14 | by ( Steve Contorno | ) edition.cnn.com time to read: +9 min

Trump is now 78 years old. “Just remember what I’m telling you: 78 is not old,” Trump asserted to a New York Post gossip columnist almost two years ago. “This is a degraded version of an already horrible person,” Emhoff said in reference to Trump’s Vegas speech. The Biden campaign called Trump “feeble” on social media when the former president ended a post-meeting news conference after five minutes without taking questions. But the observations about Trump’s age and mental state are not just coming from inside the Biden campaign.

Persons: Donald Trump, ’, “, ” Trump, Ivanna, Joe Biden, Biden, –, J.B, Pritzker, deferments, They’re, Trump, ”, Nikki Haley, Nancy Pelosi, Barack Obama, Haley, Ron DeSantis, Trump “, ” DeSantis, can’t, I’m, pounced, Doug Emhoff, ” Emhoff, Taylor Swift, Pelosi’s, Steven Cheung, Biden “, ” Cheung, Alyssa Farah Griffin, ” Griffin, Trump’s, Jonathan Turley, ” Turley, ” CNN’s Edward, Isaac Dovere, Ariel Edwards, Levy, Kristen Holmes, Annie Grayer, Melanie Zanona, Lauren Fox, Kit Maher Organizations: CNN, Las, New, New York Post, Trump, White, ”, Wisconsin Democratic, South Carolina Gov, Republican, GOP, Florida Gov, Congressional Republicans, Wisconsin Republicans, Biden, House, George Washington University Law School Locations: New York, ” Illinois, Wisconsin, Vietnam, Florida, Washington, Milwaukee

☆ These are the stocks to play the next 'bottleneck' in AI, according to the pros
▼ + stars: | 2024-06-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

But the next bottleneck in AI infrastructure — and one to invest in — is networking, according to tech analysts. An increase in investment in generative AI model training and inference will drive the AI networking spending growth of 34% over the next five years, said the firm. "Networking creates a performance bottleneck for generative AI model development," Morningstar's analysts said. "Well-positioned networking firms are a great second derivative play to invest in generative AI," they added. Stocks to play the trend Marvell Technology is Morningstar's top pick to play the generative AI networking trend, with the firm saying it is "attractively undervalued" currently and giving investors an "immediately opportunity" to tap rising generative AI networking investment.

Persons: There's, Clare Pleydell, William D, Kerwin, Brian Colello, Morningstar, Bouverie Organizations: Nvidia, Microsoft, Networking, Morningstar, Liontrust Asset Management, CNBC, That's, Marvell, Arista Networks, Broadcom, Arista, Meta

☆ Ukraine is finally getting to hit Russia hard with its 'wonder-weapons,' and that's turning the tide of the war: military expert
▼ + stars: | 2024-06-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewLetting Ukraine attack Russian military targets directly with its "wonder-weapons" is beginning to turn the tide of the war in Kyiv's favor, says a retired UK colonel. AdvertisementLast month, Politico reported that the Biden administration had given Ukraine its permission to use US-provided weapons on Russian targets in Kharkiv. AdvertisementThe recent turn of events, de Bretton-Gordon said, wasn't something that Russia could simply withstand by relying on attritional warfare. Last month, Russian leader Vladimir Putin hinted that European countries who'd encouraged Ukraine to attack Russia directly could face reprisals. Representatives for Ukraine's and Russia's defense ministries didn't immediately respond to requests for comment from BI sent outside regular business hours.

Persons: —, Hamish de Bretton, Gordon, Bretton, Biden, de Bretton, Vladimir Putin, who'd, Putin, didn't Organizations: Service, The, Business, British Army, Nuclear, Politico, Kharkiv ., Washington, NATO, Ukraine's, BI Locations: Russian, Kyiv's, Ukraine, United States, Russia, Kharkiv, Kharkiv . Russian, Taganrog, Europe

☆ Musk’s Friends and Fans Applaud Shareholder Vote on His Payday
▼ + stars: | 2024-06-13 | by ( Eli Tan | ) www.nytimes.com time to read: +1 min

Tesla shareholders reaffirmed a pay award worth more than $45 billion for Elon Musk on Thursday, but before the announcement was made official at the company’s annual meeting in Austin, Texas, Mr. Musk posted the news on X, his social media platform. “Both Tesla shareholder resolutions are currently passing by wide margins!” he wrote in a post late Wednesday night. !”For months, Mr. Musk’s supporters have used the social media site, which he purchased for $44 billion in 2022, to drum up support for his massive payday, and Tesla board members warned he could leave the company if shareholders voted against him. But for some Tesla investors, Mr. Musk’s involvement with X has been the primary cause of concern, stirring complaints that the pay package has drawn his attention away from Tesla and into other ventures. Mr. Musk has also used the platform to promote right-wing conspiracy theories and vulgar content, offending some of his employees and investors.

Persons: Elon Musk, Musk, Musk’s, X Organizations: Elon Locations: Austin , Texas

Search resuls for: "TAN"

25 mentions found