DIRS.INFO The most relevant business & tech news

☆ OpenAI COO Brad Lightcap talks about ChatGPT launch, Dev Day and how Sam Altman thinks
▼ + stars: | 2023-12-04 | by ( Hayden Field | ) www.cnbc.com time to read: +23 min

And I think that's just a testament to the world being really big and messy, and that these systems are still evolving, they're still really in their infancy. That may be a thing that's useful in your work, or maybe a thing that's useful in your life, or it may just be a fun thing – it may just be that you create a funny GPT and it's a cool thing to have. High-level, we always knew that we wanted to have a structure that, at its core, retained the original OpenAI – the OpenAI nonprofit. So that's the first thing to understand, I think, about OpenAI: It's not a normal company in that sense. We have shared that we have an initial board now, and expect to add more board membersWhat's the general mood like at the company right now?

Persons: OpenAI, Sam, Altman, Brad Lightcap, Lightcap, ChatGPT, OpenAI's, Bret Taylor, Larry Summers, Adam D'Angelo, Dev Day, DALL, we'd, doesn't, haven't, they've, – there's, There's, …, We're, we've, Dev, It's, You've, Sam Altman, reappointment Organizations: CNBC, Fortune, Microsoft, ChatGPT Enterprise, OpenAI, OpenAI's Locations: San Francisco

☆ Spotify to lay off 17% of employees — read the full memo CEO Daniel Ek sent to staff
▼ + stars: | 2023-12-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Spotify raised prices of its subscription plans earlier this year and has been expanding into podcasts and audio books. Spotify cut 6% of its workforce, or about 600 employees, at the start of the year. For the team that will remain at Spotify, I know this decision will be difficult for many. Looking AheadThe decision to reduce our team size is a hard but crucial step towards forging a stronger, more efficient Spotify for the future. As we've grown, we've moved too far away from this core principle of resourcefulness.

Persons: Ek, we've, I've, we're, Katarina, Severance, We're, – Daniel Organizations: Spotify

☆ A viral story about a spider laying eggs inside a cruise passenger's toe isn't true, experts say
▼ + stars: | 2023-11-28 | by ( Marianne Guenot | Joshua Zitser | ) www.businessinsider.com time to read: +4 min

A man told the BBC that a spider laid eggs in his toe during a cruise ship stop in France. But experts told BI spiders don't lay eggs in bodies, and questioned whether Blake was even bitten. AdvertisementA BBC report about a cruise passenger who said that he was bitten by a wolf spider, which then laid eggs inside his toe, went viral on Monday. "One of the spider eggs hadn't been flushed and must have hatched," Blake said, per the BBC, which added that the spider was identified as a Peruvian wolf spider. Neither were aware of a species called a "Peruvian wolf spider."

Persons: Colin Blake, Blake, —, Lena Grinstead, Sara Goodacre, Goodacre, it's Organizations: BBC, Service, University of Portsmouth Locations: France, Marseille, Peruvian, Grinstead, Goodacre, Europe

☆ A 3-year cruise was called off less than 2 weeks before departure
▼ + stars: | 2023-11-24 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +3 min

Life at Sea Cruises reportedly canceled its three-year voyage just two weeks before departure. Parent company Miray Cruises could not afford to buy the desired vessel, according to CNN. Miray Cruises planned to have successive three-year cruises and to allow passengers to pay extra to stay on board — potentially indefinitely. Life at Sea Cruises isn't the only residential cruise company navigating choppy waters. There is only one residential cruise ship in operation, The World, where condos sell for up to $15 million.

Persons: Miray, —, Vedat Ugurlu, Ugurlu, – Organizations: Sea Cruises, Miray, CNN, Service, Miray Cruises, Business, U.S . Bureau of Labor Statistics, Cruises Locations: Istanbul, Turkey

If both are calculated in dollar terms, however, Chinese stocks have, by some measures, carried an advantage over the very long term. Many observers say demographics, deleveraging, and de-risking - U.S. firms on-shoring, new supply chains, and trade tensions – will be a considerable long-term drag on Chinese growth. Little wonder, perhaps, that Chinese stocks are so cheap. Reuters Image Acquire Licensing RightsBased on 12-month forward price/earnings multiples, U.S. stocks are twice as expensive as Chinese stocks. For the past 10 years Chinese stocks have been substantially cheaper than U.S. stocks, and most of the decade before that they were usually cheaper too.

Persons: Brendan McDermid, Goldman Sachs, Morgan Stanley, Torsten Slok, Janet Yellen, Lifeng, Colin Graham, Graham, Jamie McGeever, Andrea Ricci Organizations: New York Stock Exchange, REUTERS, Rights, Shanghai, CSI, Reuters, Apollo Global Management, U.S, Treasury, Thomson Locations: New York City, U.S, Rights ORLANDO , Florida, China, Mexico

☆ Altcoins are finally joining the current bitcoin rally as crypto investors turn risk-on
▼ + stars: | 2023-11-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Altcoins were in rally mode this week after lagging bitcoin in its recent climb to new 2023 highs. Bitcoin and ether have been separate from this trend recently, with more investors appearing to treat them as a safety trade compared to smaller, riskier altcoins. "Historically we've seen bitcoin rally, then Ethereum, then alts, and that pattern seems to be repeating as this bull market heats up," he said. "We see as a more likely scenario existing capital shifting from existing bitcoin products such as the Grayscale bitcoin trust, bitcoin futures ETFs and publicly listed bitcoin mining companies, into the newly-approved spot bitcoin ETFs," he said. He also said that bitcoin ETFs already exist in Canada and Europe but haven't garnered much interest from investors since their inception.

Persons: Altcoins, bitcoin, Polygon's, Bitcoin, Rob Ginsberg, Ginsberg, altcoins, – it's, It's, Ryan Rasmussen, Mike Novogratz, JPMorgan's Nikolaos Panigirtzoglou, haven't, Panigirtzoglou, — CNBC's Michael Bloom Organizations: Solana, ADA, ETH, Wolfe Research, Treasury, Bitwise Asset Management, Galaxy Digital, JPMorgan Locations: Canada, Europe

☆ Elon Musk and Sam Altman are expected to attend the UK's AI Safety Summit. Here's why it's taking place at a former top-secret WWII facility.
▼ + stars: | 2023-11-01 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

The chosen location for the two-day conference has a special association with the man considered by many to be the father of modern computer science, Alan Turing. Before 1938, Bletchley Park was a mansion in the Buckinghamshire countryside built for a politician during the Victorian era. "What Alan Turing predicted many decades ago is now coming to fruition," she said, referring to his research into machine learning. "What happened at Bletchley Park eighty years ago opened the door to the new information age," Donelan said. Since then, men and women cautioned or convicted under historical homosexuality legislation were pardoned under what is known as the "Alan Turing law."

Persons: It's, Alan Turing, —, Elon Musk, Sam Altman, Kamala Harris, Rishi Sunak, Goldman Sachs, who's, Turing, Michelle Donelan, Connor Leahy, Hollie Adams, Lorenz, Donelan Organizations: Bletchley, Service, AI, Guardian, Google, University of Manchester, Trust, Getty, National Museum of Computing Locations: England, London, Bletchley, Buckinghamshire, Poland

☆ Ukrainian soldiers are worried about running out of combat-capable recruits: report
▼ + stars: | 2023-10-27 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Ukrainian soldiers told the Kyiv Independent they are feeling burned out by the war. Many are concerned that they're running out of combat-capable fighters, the report said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementUkrainian soldiers told the Kyiv Independent they're worried about running out of combat-capable people to continue fighting against Russia as the war rages on. "If combat-capable people like us run out, we could only be replaced by people who don't know anything," Roman, who has been serving since 2016, told the Kyiv Independent.

Persons: —, Oleksandr Maroshnyk, Odesa, Maroshnyk, he's, Anatoly Organizations: Kyiv Independent, Service, Kyiv, Separate Assault Brigade, New York Times, 93rd, Mechanized Brigade Locations: Kyiv, Russia, Ukraine's, Donetsk Oblast, Bakhmut, Ukraine

☆ I went to Cheesecake Factory to see firsthand why it's a mainstay at so many successful malls
▼ + stars: | 2023-10-26 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

The Cheesecake Factory is more than a staple of US shopping malls – it's a sign of financial health. Malls without a Cheesecake Factory were much more likely to be behind on their loans, Moody's found. AdvertisementAdvertisementThe Cheesecake Factory first opened in Beverly Hills, California, in 1978 and has since grown to more than 200 restaurants across North America. The chain is typically located in or near shopping malls — a commercial real estate segment that has seen a rough few years with changing shopping patterns. To see how that relationship plays out in real life, I headed off for lunch at my local Cheesecake Factory at the West Towne Mall in Madison, Wisconsin.

Persons: Moody's, —, Matt Reidy, Reidy Organizations: Service, Sears, Nordstroms, Apple, Factory, West Locations: Beverly Hills , California, North America, West Towne, Madison , Wisconsin

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Meta, Utz, Roku, Walgreens, Spotify & more
▼ + stars: | 2023-10-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bernstein upgrading Spirit AeroSystems to outperform from market perform Bernstein said it's bullish on the company's turnaround opportunity. Evercore ISI adds a tactical outperform on Roku Evercore said it sees an attractive entry point for the stock. Evercore ISI reiterates Meta as outperform Evercore said Meta estimates seems reasonable heading into earnings later this week. JPMorgan upgrades Walgreens to overweight from neutral JPMorgan said Walgreens shares are in a "new era." Stephens upgrades Utz to overweight from equal weight Stephens said it sees an attractive entry point for Utz shares.

Persons: TD Cowen, Bernstein, it's bullish, Pat Shanahan, Evercore, hasn't, Piper Sandler downgrades Salesforce, Piper, Wells, Stifel, William Blair, Tim Wentworth, Moffett, Stephens, Morgan Stanley, Apple, Max Organizations: Spotify, Citi, Diamondback Energy, Diamondback, HSBC, Marriott, Bank of America, Alcoa, 2024E, Edison, UBS, Waste Management, Republic Services, Amazon, JPMorgan, Walgreens, WBA, Apple Locations: OKTA, PCG, OW, Wells Fargo

☆ PaintJet puts robots to work in construction and maintenance as labor shortage drags on
▼ + stars: | 2023-10-18 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

Hegeman tells CNBC, "With painting, the labor shortage hits you right in the face. It was not so much a challenge to sell and book work, but it was always a challenge to do the work. Instead of selling or renting its robots out to construction crews, the startup offers an end-to-end service and maintains control of the entire painting process. PaintJet can use any commercially available paint in its machines, but also makes and sells its own line of paints. Hegeman said the company is also developing capabilities to handle more tasks in construction and maintenance with robotics including pressure washing, caulking and sanding.

Persons: Nick Hegeman, Steve Wasilowski, Sonia Chacko, Hegeman, PaintJet, Ryan Gembala, It's Organizations: Hegeman, CNBC, SRI, Foreman Technologies, Dynamo Ventures Locations: Hendersonville , Tennessee, Nashville, Virginia, Metaprop, New York, Chattanooga, San Francisco

☆ A Tesla owner says his 'heart missed a beat' when he received a $20,000 bill after the battery was damaged by rain
▼ + stars: | 2023-10-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

One of the owners, Johnny Bacigalupo, told Edinburgh Live that the bill was "absolutely obscene." AdvertisementAdvertisementA Tesla owner said he was "flabbergasted" when he and his partner were hit with a hefty bill to fix their electric vehicle. When I first got the call I thought we would get a bill for £500 or £1,000," Bacigalupo told Edinburgh Live. Elon Musk said in 2019 that it could cost between $5,000 and $10,000 to replace a Tesla battery , J.D. Recurrent, which reports on EV battery health, said battery replacement could cost anywhere from $5,000 to $20,000.

Persons: Johnny Bacigalupo, —, Rob Hussey, Bacigalupo, Elon Musk, Hussey, couldn't, Tesla, Mario Zelaya, Zelaya Organizations: Tesla, Edinburgh, Service, Scottish, Tesla Edinburgh, Fox Business Locations: Canadian, Europe

☆ I swapped the big city for a tiny community in the middle of nowhere. Rent is $60 a month – but the supermarket is a 5-hour round trip.
▼ + stars: | 2023-10-01 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

Sally Millar swapped the big city grind in Sydney, Australia for life in a tiny remote community. She now pays about $60 a month in rent and makes more money than she did in the city. But living a five-hour round trip from the nearest supermarket has its drawbacks. When Covid hit my partner and I had been about to go on a big road trip across the Americas. AdvertisementAdvertisementThe housing is also provided by my school, so my rent and bills are now just 100 Australian dollars a month.

Persons: Sally Millar, —, I'd, Covid, We'd, everyone's, It's, Sally Millar's, we've, Sally, they're Organizations: Service, Google Locations: Sydney, Australia, Americas, East Kimberley, Western Australia, Kununurra, Perth

SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. Writers and actors share common concerns, including the desire for higher pay and for curbs on the use of artificial intelligence (AI) in entertainment. The Writers Guild of America (WGA), which went on strike May 2, reached a tentative deal with studios Sunday. Negotiators for the SAG-AFTRA actors' union have not held talks with the Alliance of Motion Picture and Television Producers (AMPTP), which represents Walt Disney (DIS.N), Netflix (NFLX.O) and other studios, since this summer. As with writers, actors are looking for compensation that reflects the value they bring to streaming, specifically, in the form of revenue sharing.

Persons: Mike Blake, Mel Shimkovitz, Walt Disney, AFTRA, Pedro Pascal, Bob Odenkirk, We're, Lisa Richwine, Dawn Chmielewski, Rollo Ross, Miral Organizations: Writers Guild of America, Disney Studios, REUTERS, Guild of America, Netflix, WGA, SAG, Alliance, Television Producers, Walt, Entertainment, Thomson Locations: Burbank , California, U.S, Los Angeles

☆ Hollywood Writers' Deal May Set a Template for Talks With Striking Actors
▼ + stars: | 2023-09-26 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

By Dawn Chmielewski and Lisa RichwineLOS ANGELES (Reuters) - The tentative deal Hollywood writers reached with the major studios and streaming services could serve as a template for actors, who have been on strike since mid-July. Writers and actors share common concerns, including the desire for higher pay and for curbs on the use of artificial intelligence (AI) in entertainment. The Writers Guild of America (WGA), which went on strike May 2, reached a tentative deal with studios Sunday. Negotiators for the SAG-AFTRA actors' union have not held talks with the Alliance of Motion Picture and Television Producers (AMPTP), which represents Walt Disney, Netflix and other studios, since this summer. As with writers, actors are looking for compensation that reflects the value they bring to streaming, specifically, in the form of revenue sharing.

Persons: Dawn Chmielewski, Lisa, Mel Shimkovitz, Walt Disney, AFTRA, Pedro Pascal, Bob Odenkirk, We're, Lisa Richwine, Rollo Ross, Miral Fahmy Organizations: ANGELES, Reuters, Guild of America, Netflix, WGA, SAG, Alliance, Television Producers, Entertainment Locations: Los Angeles

☆ Billionaire investor Bill Gross warns of more pain for bond investors with fixed-income on track for unprecedented 3-year slump
▼ + stars: | 2023-09-22 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Billionaire investor Bill Gross warned the bond market is headed for a record third year of losses. "I think that bonds are headed for a third straight year of losses and that portfolios should own more pipeline MLPs," Gross said. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAdvertisementAdvertisementBillionaire investor Bill Gross warned of more pain for bond investors as US fixed-income assets head for an unprecedented three-year slump. AdvertisementAdvertisementGovernment bond yields surged Thursday after the Federal Reserve kept interest rates unchanged at 5.25%-5.5%, and signaled borrowing costs will remain higher for longer. According to Gross, "the 10 year Treasury is already priced for a 2% inflationary world."

Persons: Bill Gross, Gross Organizations: Service, Federal Reserve Locations: Wall, Silicon

☆ These retailers are bucking the trend and opening stores in San Francisco despite the city's 'doom loop'
▼ + stars: | 2023-09-21 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Some retailers are fleeing San Francisco as fears grow over rising crime and a worsening economic environment. They continued, "We are excited to strengthen our presence in San Francisco and intend to test and try different formats to meet the needs of our San Francisco consumers for many years." Tayfun Coskun/Anadolu Agency via Getty ImagesChanel is also making moves in downtown San Francisco. The move came despite luxury stores in downtown San Francisco being targeted by a series of high-profile robberies. "We recently invested in renovating our Downtown San Francisco hub where our teams come together to develop new consumer experiences and product innovations.

Persons: Tayfun, Chanel, Yves Saint Laurent, Jay Watson, Alexander Spatari, Henrique Dubugras, Michael Tannenbaum, Brex's, Tannenbaum, It's, it's, Angela Hoover, Andi, Hoover Organizations: Foods, Service, Nordstrom, Westfield San Francisco Centre, Ikea US, Ikea, Bay Area, Anadolu Agency, Getty, Real, Arpels, Gap's San, Gap Inc, Navy, Gap, Downtown, San Francisco Locations: San Francisco, Wall, Silicon, Francisco, Westfield, San Francisco's, Bay, Union, Gap's, Gap's San Francisco, Banana, Sutter, Downtown San Francisco, Miami

☆ Donald Trump says interest rates are so high people 'can't do anything' - and vows to beat inflation so borrowing costs can be cut
▼ + stars: | 2023-09-18 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

"Interest rates are too high – people can't buy homes, they can't do anything," he said Sunday. "Right now, interest rates are too high – people can't buy homes, they can't do anything," Trump told NBC's "Meet the Press". They say Trump was right about everything." I did a lot of jawboning against him, and he ultimately lowered interest rates," Trump added. "We had lower interest rates.

Persons: Donald Trump, Trump, NBC's, Bacon, Jerome Powell, Powell, – Organizations: Service, Federal Reserve, NBC, Twitter Locations: Wall, Silicon

☆ Some startup founders say VC influence is 'debilitating.' Here's why they are turning down outside funding and bootstrapping instead.
▼ + stars: | 2023-09-14 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +6 min

But when it comes to his current startup, an AI platform for businesses called Iterate, Nordmark is staunchly against relying on outside funding. Nordmark is part of a growing league of founders who are opting for bootstrapping, which means growing startups without relying on outside funding from investors. Six startup founders interviewed by Insider also say that in some cases, they're actively turning down opportunities for funding to keep maximum control of their business plans. Founders who have eschewed VC funding say that bootstrapping allows them to go — and grow — at their own pace. To be sure, some startup founders are still taking big checks from VCs when the timing is right.

Persons: Jon Nordmark, Samsonite, Nordmark, they're, it's, MailChimp, Brooke LeBlanc, VCs, Dr, Bobbi Wegner, SVB, Evan Jager, we're, Dori Yona, Jason Burke, – Burke Organizations: Insider, VCs, Apple, Oracle, Intuit, Founders Locations: VCs, Boston

☆ With the economy holding up, why is the market still so down on America's banks?
▼ + stars: | 2023-09-10 | by ( Tim Mullaney | ) www.cnbc.com time to read: +7 min

Regional bank stocks, in particular, gained as much as 35% before the bond warnings and downgrades began. The higher interest rates bond analysts cited hurt profits some, but most banks' net interest income and margins were higher than a year before. The ratings actions pushed the regional bank stock index 10% lower for the month-long period ending Sept. 8, according to Morningstar (the Moody's bank warning was issued August 7). By any reckoning, the argument about banks is about two things: Interest rates and real estate, specifically office buildings. The average regional bank stock rose 8% after earnings, Morgan Stanley said, with banks beating profit forecasts by an average of 5%.

Persons: Morningstar —, downgrades, Morgan Stanley, Jill Cetina, Cetina, Banks, Goldman Sachs, Jan Hatzius, Scott Rechler, Jeff Greene, Alexander Yokum, Dick Bove, Bove, Yokum Organizations: First, JPMorgan, Bloomberg, Getty, Moody's Investors Service, Poor's, Fitch, Morningstar, Federal Reserve, Fedwatch, RXR, Research, Odeon Capital Locations: First Republic, Regional, Moody's, U.S

☆ Jeremy Grantham warns the AI boom won't stop a recession – and stocks are still likely to crash
▼ + stars: | 2023-09-06 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The AI boom won't prevent a recession, according to Jeremy Grantham. Stock prices will fall when that economic slump hits, the legendary investor added. "Personally, I think AI is very important," the GMO cofounder said. And we will have a recession running perhaps deep into next year and an accompanying decline in stock prices." AdvertisementAdvertisement"It may start in 2023," Grantham added, in response to a question about when the recession is likely to begin.

Persons: Jeremy Grantham, hasn't, Bloomberg's David Rubenstein, Grantham, Grantham –, he's, We're Organizations: Bloomberg, Service, Grantham Locations: Wall, Silicon, ChatGPT

☆ A Chinese spy used fake LinkedIn profiles to target officials to hand over secrets, report says
▼ + stars: | 2023-08-23 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

A Chinese spy created several fake LinkedIn profiles to target UK officials, The Times of London reports. Another Chinese agent previously confessed to using LinkedIn to find people likely to possess sensitive information. AdvertisementAdvertisementA Chinese spy has been using LinkedIn to try to get UK officials to hand over state secrets, The Times of London reported. The UK's security minister Tom Tugendhat said in a statement shared with Insider that the Home Office is aware of Chinese Intelligence using LinkedIn and other social media sites to target British citizens. In a statement shared with Insider, a LinkedIn spokesperson said: "Creating a fake account is a clear violation of our terms of service.

Persons: Beijing –, Robin Zhang, Eric Chen Yixi, Robin Cao, Lincoln Lam, John Lee, Eric Kim, Tom Tugendhat, It's, Lazarus – Organizations: The, LinkedIn, Chinese Ministry of State, The Times, Times, Intelligence, National Security, Washington Post, Reuters, Prevention & Defense Locations: London, Beijing, China, North Korea

☆ Canadian finance minister, who does not own a car, fined for speeding
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland attends a news conference before delivering the federal budget in Ottawa, Ontario, Canada March 28, 2023. REUTERS/Blair Gable/File Photo Acquire Licensing RightsOTTAWA, Aug 22 (Reuters) - Canadian Finance Minister Chrystia Freeland, an avid cyclist who says she does not own a car, was fined C$273 ($200) for speeding in her home province of Alberta, a spokesperson said on Tuesday. Cuplinskas did not say when the incident occurred and what the speed limit had been on that stretch of road. The maximum speed limit on Alberta highways is 110 km/hr. "A fact that still shocks my dad is that I don't actually own a car," she told reporters last month.

Persons: Finance Chrystia Freeland, Blair Gable, Chrystia Freeland, Freeland, Katherine Cuplinskas, Cuplinskas, David Ljunggren, Sonali Paul Organizations: Finance, REUTERS, Rights OTTAWA, Canadian Finance, Counter, Thomson Locations: Ottawa , Ontario, Canada, Alberta, Grande Prairie, Peace, Freeland, Toronto, Canada's

☆ The 117-year-old steel maker that's key to solving climate tech's recycling issue
▼ + stars: | 2023-08-11 | by ( Ian Thomas | ) www.cnbc.com time to read: +6 min

One of the first questions Tamara Lundgren often heard when she introduced herself as the CEO of Schnitzer Steel is, "What kind of steel do you make?'" Founded in 1906 by Russian immigrant Sam Schnitzer, the company started as a one-person scrap metal recycler. "The name Schnitzer Steel just no longer really reflects our work," said Lundgren, who joined the company in 2005 and was elevated to CEO in 2008. "In today's environment, the importance of recycling and the importance of recycling metals has reached a level that didn't exist 10 years ago," Lundgren said. "I'm glad we were getting that attention, but fundamentally what drove it was all of our recycling activity," Lundgren said.

Persons: Tamara Lundgren, Sam Schnitzer, Lundgren, – it's, it's, Schnitzer Steel Organizations: Schnitzer, CNBC, Corporate Knights, Nasdaq Locations: North America, Davos

☆ Hollywood is helping boost the economy as fans flock to 'Barbie,' 'Oppenheimer,' and Taylor Swift's Eras Tour
▼ + stars: | 2023-08-05 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +5 min

Taylor Swift's Eras Tour and "Barbenheimer" have been key drivers of consumer spending this year. "The Super Mario Bros. Movie" has also boosted theaters that are still struggling post-pandemic. "'Barbenheimer' likely drove the continued surge in year-on-year entertainment spending growth," analysts Shruti Mishra and Aditya Bhave wrote in a note. Nintendo/Universal"The Super Mario Bros. Bringing some more optimism to global economies is "The Super Mario Bros. Movie" — an animated adaptation of the Nintendo video game.

Persons: Taylor, Mario, quieten, hasn't, Swift, Barbie, Oppenheimer, Taylor Swift, Taylor Hill, Jamie Cox, Covid, Cox, Shruti Mishra, Aditya Bhave, Greta Gerwig's, Zelda Organizations: Mario Bros, Service, Hollywood, Federal Reserve, Institute, Harris Financial Group, Bank of America, AMC, Nintendo Locations: Wall, Silicon, Cincinnati , Ohio, what's, Philadelphia

Search resuls for: "– it's"

25 mentions found