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☆ Falling birth rates are freaking countries out and spawning dubious fixes like tax breaks, cheaper cars, and free surgery
▼ + stars: | 2024-06-13 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +7 min

Read previewAs fertility rates decline across much of the world, countries are exploring innovative strategies to encourage women to have more babies. Trent MacNamara, a Texas A&M professor whose work has focused on fertility rates, told BI that the impact of financial incentives on fertility rates was uncertain and might lead to only modest gains. Subsidized fertility treatments and vasectomy reversalsCohen said that other strategies to increase fertility rates included countries like Israel offering free or heavily subsidized in vitro fertilization. However, a 2020 essay by Tan said the Japanese example showed that reproductive technologies were not a panacea for low fertility rates. Japan has the world's highest percentage of babies born through IVF, yet it has one of the lowest fertility rates, she said.

Persons: —, Sarah Harper, Vladimir Putin, Viktor Orbán, ATTILA KISBENEDEK, Trent MacNamara, Poh Lin Tan, Philip N, Cohen, Antonio Marquez lanza, Tan, MacNamara Organizations: Service, Business, Bloomberg, Local, gerontology, Oxford Institute of Population Ageing, BBC, Associated Press, National University of Singapore, University of Maryland, American Economic Association, Getty Locations: Singapore, South Korea, Soviet, Russian, Hungarian, Hungary, Texas, Norway, Sweden, Israel, Japan, Korea

☆ I tried 27 of Trader Joe's seasonal summer products, and there are only 6 I wouldn't buy again
▼ + stars: | 2024-06-13 | by ( Savanna Swain-Wilson | ) www.businessinsider.com time to read: +40 min

Read previewFrom versatile crispy jalapeño pieces to luscious Southern-style peach ice cream, Trader Joe's has plenty of seasonal items for the summer. As part of an ongoing series in which I review Trader Joe's seasonal products, I gave the chain's summer offerings a try. These crispy jalapeño pieces would elevate just about any summer mealI had heard great things about Trader Joe's crispy jalapeño pieces. No frozen treat is complete without one of Trader Joe's organic sugar conesThis sugar cone paired well with Trader Joe's peach-crisp ice cream. As my experience is with most Trader Joe's salad kits, I think it also could've used a lot more dressing.

Persons: —, Joe's, Wilson, arugula, I've, graham, shortbread, dill, Wilson I'm, doesn't, garlicky, you'd, hummus, Savanna, I'm salivating, I'm, crisps, they're, ravioli, I'd, morsel, didn't, soggy, It's, jalapeño, jalapeño crisps Organizations: Service, Business, Wilson, nacho, snacking Locations: Savanna, dill, Jolly, radicchio

☆ China became the world's factory by selling cheap goods. This strategy won't work for EVs.
▼ + stars: | 2024-06-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

China, the world's factory, is known for producing affordable goods quickly. But China EV makers shouldn't leverage on their price advantage in the long run as it's not sustainable, said a Bain consultant. The EU will impose up to 48.1% tariffs on Chinese EV imports next month to protect European economies. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina has been the world's factory floor for the last 40 years, propelling it into the position of the world's second-largest economy.

Persons: — Organizations: EU, EV, Service, Business Locations: China, Bain

☆ 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

☆ Broadcom surges to a record after earnings. 3 reasons why the stock can go even higher
▼ + stars: | 2024-06-13 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Broadcom surged more than 12% to a record high Thursday following an excellent fiscal second-quarter earnings report on Wednesday night . The other part of Broadcom's AI business is selling products like Ethernet switches that help stitch together servers inside data centers. AVGO 1Y mountain Broadcom's stock performance over the past 12 months. Tan said on the call Wednesday that customer — aka Apple — is all of Broadcom's wireless business. Wall Street estimates for Broadcom's wireless business will need to rise to reflect the increased iPhone demand we expect to see.

Persons: —, Hock Tan, Tan, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Broadcom, Nvidia, Apple, Apple Intelligence, America, VMWare, CNBC, Getty Locations: San Jose , California

☆ 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

☆ Putin could struggle to end the war in Ukraine because it's making some poor Russians richer
▼ + stars: | 2024-06-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Russia's war against Ukraine has improved conditions for some poor Russians. War-related activities drive economic resilience, with 3.6% GDP growth last year. High interest rates and military focus pose risks to Russia's economic stability. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia's war against Ukraine has made some poor Russians better off, complicating any calculus over how to end it.

Persons: — Organizations: Service Locations: Ukraine, Russia

☆ Russia says Putin won't die in a plane crash because their domestic aircraft 'are very reliable vehicles'
▼ + stars: | 2024-06-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Recent aviation accidents have claimed the lives of Iran's president and Malawi's vice president. But Russia says Vladimir Putin is safe if he travels on their "very reliable" domestic aircraft. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Russian official says the country's leader, Vladimir Putin, won't get caught in a plane crash if he travels on domestic aircraft, state news agency TASS reported on Tuesday. "The Russian president uses domestic aircraft.

Persons: Vladimir Putin, —, Dmitry Peskov, Peskov, Ebrahim Raisi, Saulos Chilima Organizations: Service, Business Locations: Russia, Russian

☆ SpaceX Is Sued by Employees Fired After Criticizing Musk
▼ + stars: | 2024-06-12 | by ( Eli Tan | ) www.nytimes.com time to read: +1 min

Eight former employees of Elon Musk’s rocket company, SpaceX, sued the company and Mr. Musk on Wednesday, contending they were wrongfully fired for raising concerns about sexual harassment and discrimination in the workplace. The employees were fired in 2022 after they circulated an open letter urging SpaceX executives to condemn Mr. Musk’s comments on Twitter, later renamed X, which amounted to “a frequent source of distraction and embarrassment for us.” After being made aware of the letter, Mr. Musk ordered the terminations, according to the complaint. “Our eight brave clients stood up to him and were fired for doing so,” Laurie Burgess, a lawyer representing the former SpaceX employees, said in a statement. “We look forward to holding Musk accountable for his actions at trial.”The plaintiffs are seeking an unspecified amount of compensatory damages. SpaceX did not immediately respond to a request for comment.

Persons: Musk, Musk’s, ”, “, ” Laurie Burgess Organizations: Elon, SpaceX, Twitter

☆ Broadcom beats earnings estimates, announces 10-for-1 stock split
▼ + stars: | 2024-06-12 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analysts' estimates. It also announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on July 15. Broadcom reported $2.12 billion in net income during the quarter, or $4.42 per share, versus $3.48 billion in net income, or $8.15 per share, in the year-ago period. Broadcom said $3.1 billion in sales during the quarter could be attributed to revenue from AI products. For example, Broadcom works with Google , which partially designs its own AI chip called a TPU.

Persons: Hock Tan Organizations: Broadcom, Google, VMware

☆ 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

☆ Blistering AI demand drives a beat and raise at our other chipmaker Broadcom
▼ + stars: | 2024-06-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

We view Broadcom as one of the biggest AI beneficiaries through its networking and custom chip businesses. And it's a good thing that Broadcom wants to make its stock more accessible to investors and employees. Broadcom said the spending run rate at VMware was $1.6 billion in the quarter, down from $2.3 billion per quarter pre-acquisition. Outlook Following the strong first half of its fiscal year 2024, Broadcom raised both its revenue and adjusted EBITDA outlook. The positively revised update is above FactSet estimates of $50.58 billion in revenue and $30 billion of adjusted EBITDA.

Persons: Hock Tan, we've, Tan, Jim Cramer's, Jim Cramer, Jim, Broadcom Lucas Jackson Organizations: Broadcom, VMware, Revenue, Club, LSEG, VMWare, Wall Street, Marvell Technology, Devices, Nvidia, Lam, Chipotle, Walmart, Apple, Infrastructure Software, CNBC Locations: Hock

☆ The 'father of the iPod' says Apple is doing a brilliant job with AI
▼ + stars: | 2024-06-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

iPod inventor Tony Fadell thinks Apple is on the right track when it comes to AI. Fadell said Apple's latest AI offerings are a "solid first effort" that focuses on users. The former Apple executive said there was too much hype surrounding what AI could do. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementApple may seem to be trailing flashy AI firms like OpenAI, but iPod inventor Tony Fadell thinks the company's slow but steady approach to the technology is the right one.

Persons: Tony Fadell, Fadell, —, Siri Organizations: Apple, Service, Business

☆ These top ETFs and funds are beating the S&P 500 — and analysts still see further upside
▼ + stars: | 2024-06-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

The first half of the year has generally been good for the market, with the S & P 500 and the Nasdaq repeatedly reaching record highs. Year-to-date, the S & P 500 is up around 13% and the Nasdaq has risen 14.9%. Against that uncertain backdrop, investors might be looking at exchange-traded funds or mutual funds to diversify their investments. Morningstar provided the list of top-performing funds, which all beat the S & P 500. Using FactSet, that list was screened for funds that analysts give 10% or more upside, and that at least half give a buy rating.

Persons: Thomas Poullaouec, Rowe Price, Ed Clissold, Ned Davis, Morningstar, Richard Bernstein Organizations: Nasdaq, U.S . Federal Reserve, Ned, Ned Davis Research, CNBC Pro, Copper Miners, X Copper Miners, Industrial, Richard Bernstein Advisors Locations: Asia, Pacific, U.S, Turkey

☆ 66% of Americans give companies a failing grade for CEO pay
▼ + stars: | 2024-06-12 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —Americans are fed up with massive CEO pay packages. Just 13% say companies are doing a good or excellent job at avoiding a major pay gap between CEOs and average employees. For the third year in a row, the vast majority – 66% — say companies are doing a “poor” job here. Politically, the majority of Democrats (96%), independents (83%) and Republicans (67%) agree that it’s important to avoid major pay gaps. The findings show how the issue of CEO pay strikes a chord among many Americans, some of whom are struggling to make ends meet in an increasingly expensive world.

Persons: Gallup, ”, Nell Minow, Elon Musk, Tesla, “, Cynthia Clark, Bernie Sanders, Elizabeth Warren, “ It’s, Bill George, Medtronic, Hock Tan, William Lansing, George, Dave Calhoun, Dodd, Frank, Clark, ” Minow, Minow Organizations: New, New York CNN, Bentley University, Gallup, CNN, ValueEdge Advisors, Associated Press, “, Democrats, Sens, Broadcom, Harvard Business School, Boeing, Congress Locations: New York, ”

☆ Russia has started sending female convicts to fight in Ukraine: report
▼ + stars: | 2024-06-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Female convicts are joining Russia's war efforts against Ukraine, per The New York Times. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia's military is starting to tap into another source of manpower — female convicts. A group of female convicts were released from a prison near St. Petersburg last month to fight in Ukraine, The New York Times reported on Monday, citing two former inmates it had spoken to. According to The Times, roughly 10% of the prison's 400 inmates signed on with the military last year.

Persons: — Organizations: Ukraine, New York Times, Service, The New York Times, The Times Locations: St, Petersburg, Ukraine, The

☆ An Austrian Airlines plane had its windscreen shattered and nose cone torn off after flying through a thunderstorm
▼ + stars: | 2024-06-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

An Austrian Airlines plane flew through a thunderstorm on Sunday. The plane was pelted by hail, shattering its windscreen and tearing off its nose. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Austrian Airlines plane traveling from Spain to Austria was left severely damaged after flying through a thunderstorm on Sunday. "Airbus A320 aircraft was damaged by hail on yesterday's flight OS434 from Palma de Mallorca to Vienna," the airline said in a statement to CNN on Monday.

Persons: — Organizations: Austrian Airlines, Service, Airbus, Palma de Mallorca, CNN Locations: Vienna, Spain, Austria, Palma

☆ Russia says it's working with a group of countries to build a platform that doesn't need the dollar
▼ + stars: | 2024-06-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

A group of emerging countries are planning a payments platform to bypass the US dollar, Lavrov announced. The initiative follows a BRICS summit call for trade in national currencies. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA group of major emerging countries is working on a way around the dollar — but they face an uphill battle to diminish the greenback's dominance. On Monday, Russian Foreign Minister Sergey Lavrov said BRICS countries are developing a payments platform that will allow them to bypass the US dollar, per TASS, a state news agency.

Persons: Lavrov, —, Sergey Lavrov, South Africa — Organizations: Kazan, Service, Russian, Business Locations: Johannesburg, Brazil, Russia, India, China, South Africa

☆ A new book about 'The Apprentice' tells us what Trump thinks about Taylor Swift
▼ + stars: | 2024-06-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Taylor Swift endorsed Joe Biden in 2020, but Donald Trump is still a Swift fan. "I think she's very beautiful, actually, unusually beautiful!" The former president fawned over Taylor Swift in an interview with Variety's Ramin Setoodeh in November. The remarks are set to be published in Setoodeh's forthcoming book about Trump's hit reality television series "The Apprentice." "I think she's beautiful, very beautiful!

Persons: Taylor Swift, Joe Biden, Donald Trump, Trump, —, fawned, Variety's Ramin Setoodeh, Setoodeh's, Swift Organizations: Service

☆ 'A unique Nvidia proxy': Morgan Stanley names a global stock as its new top pick
▼ + stars: | 2024-06-11 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Morgan Stanley named a new top pick which it called a "unique Nvidia proxy." "We see Aspeed as a unique NVIDIA-related play, being the sole BMC supplier for GB200 and a key supplier to help realize Omniverse adoption," said Morgan Stanley analysts in a June 7 note. Morgan Stanley said with an average selling price of $100 per chip, it estimates the company could enjoy gross margins of 90%. The positive outlook for cloud capital expenditure is also set to benefit the data center supply chain, according to Morgan Stanley. That expected growth would be a 42-point acceleration from just 2% year-on-year growth in 2023, Morgan Stanley said.

Persons: Morgan Stanley, CNBC's Michael Bloom Organizations: NVIDIA, BMC, GB200, Nvidia, Aspeed, Meta, Microsoft, Google, International, Emerging, China ETF Locations: Taiwan, China

☆ Gold is getting so expensive that even China's central bank stopped buying
▼ + stars: | 2024-06-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

China's central bank has paused gold buying after prices reached record highs. China's gold holdings were unchanged in May, halting an 18-month purchasing streak. Gold prices are up 11% this year due to geopolitical tensions, but have softened from a record high. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On Friday, official data showed China's gold holdings were unchanged in May from the prior month — which means the central bank did not buy gold.

Persons: — Organizations: Service, People's Bank of, Business Locations: People's Bank of China

☆ Let's be real, Apple couldn't hype its ChatGPT collab — that would mean conceding it's lost the AI race
▼ + stars: | 2024-06-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewTech watchers expecting a sweeping partnership announcement between Apple and OpenAI were probably disappointed on Monday. The Cupertino-based giant unveiled its generative AI strategy, "Apple Intelligence," during its keynote presentation at this year's Worldwide Developers Conference. very happy to be partnering with apple to integrate chatgpt into their devices later this year! AdvertisementAside from poaching talent and working with external partners like OpenAI, Apple has also worked with TSMC to make AI chips for its data centers. Making chips would go a long way toward securing Apple's AI supremacy since, unlike most companies, it would not have to rely completely on chip giant Nvidia.

Persons: —, Mark Gurman, OpenAI, Apple, Craig Federighi, Federighi, Sam Altman didn't, Altman, — Sam Altman, Siri, John Giannandrea, TSMC, Gene Munster, Apple didn't Organizations: Service, Apple, Apple Intelligence, Business, Microsoft, Meta, Nvidia, Financial Times, BI Locations: Cupertino

☆ It's not just convicts. Russia is forcing its African migrants and students to fight for them in Ukraine.
▼ + stars: | 2024-06-10 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Read previewRussia is forcing thousands of African migrants and students to join in their war efforts against Ukraine, Bloomberg reported on Sunday, citing assessments from European officials. According to Bloomberg's report, Russian officials have threatened not to renew the visas of African migrant workers and students if they didn't join the Russian Armed Forces. Some African workers have even been threatened with deportation if they do not agree to fight in Ukraine, one European official told Bloomberg. Russia's reliance on attrition warfare has seen it continually drawing on its prison population to fuel its war effort. Russia's prison population stood at 420,000 before the war.

Persons: —, Vsevolod Vukolov, Elvira Nabiullina Organizations: Service, Ukraine, Bloomberg, Russian Armed Forces, Business, Washington Post, Russian, Kommersant, Central Bank Gov, BI Locations: Russia, Ukraine, Russia's

☆ US flight prices are over $200 cheaper than they were 30 years ago when adjusting for inflation. Here's why it doesn't feel like it.
▼ + stars: | 2024-06-10 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +10 min

But if you ask some Americans, airfares have gotten out of control in recent years. Keyes said international inflation-adjusted airfares for US passengers have also generally fallen over the past decade. To be sure, any frustrations about airfare prices haven't stopped many Americans from flying. "The decline in inflation-adjusted airfares appears to be uncorrelated with the financial performance of the 'big three' airlines," Tan said. AdvertisementIt's also possible that after airfare prices plummeted due to the pandemic, 2022's swift rise in airfares caught Americans off guard.

Persons: —, airfares, Scott Keyes, Mike Daher, It's, Keyes, Biden, Kerry Tan, they've, haven't, Tan, Tan, there's, airfare, Hayley Berg, Hopper's, NerdWallet Organizations: Service, Bureau of Transportation Statistics, Business, Deloitte, Gallup, JetBlue, Spirit Airlines, Department of Transportation, TSA, Loyola University Maryland, Delta, of Transportation, Airlines for America, Southwest, Spirit, United, Biden Administration, The Airlines Locations: United, America

☆ A key Russian CEO just highlighted the clash between stabilizing the economy and growing business in wartime
▼ + stars: | 2024-06-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Russia's economy is facing challenges despite resilience and high liquidity, says Rosneft's CEO. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But doing business is hard, according to the boss of a Russian oil giant. This story is available exclusively to Business Insider subscribers.

Persons: —, Igor Sechin, Rosneft Organizations: Russia's, Service, St ., Economic, Business Locations: Ukraine, Russian, St, St . Petersburg

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