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☆ White-Collar Recession: It's Hard to Find a High-Salary Job
  + stars: | 2024-04-30 | by ( Aki Ito | ) www.businessinsider.com   time to read: +7 min
Over the past year or so, pretty much everyone who's looked for a job has told me the same thing: The job market is brutal right now. By all the standard measures, the job market is doing just fine. And what the numbers show is a two-tier job market — one divided between a blue-collar boom and a white-collar recession. Now, you could argue that a slowdown in white-collar hiring doesn't really matter in the current economy, even for white-collar workers. And the longer the white-collar hiring lull continues, he warns, the more the resentment will build.
Persons: who's, I've, you'd, it's, Mark Zuckerberg, Fiona Greig, doesn't, Emily Stewart, Guy Berger, Berger, there's, —, Aki Ito Organizations: Vanguard, Glass Institute, Business Locations: America
☆ At the Time 100 Gala, Glamour Meets Influence
  + stars: | 2024-04-26 | by ( Jacob Bernstein | Krista Schlueter | ) www.nytimes.com   time to read: 1 min
“This line is crazy,” said the broadcast journalist Don Lemon, as he walked toward the red carpet crush at just after 7 p.m. on Thursday night. He was bound for the Time 100 Gala, the annual black tie schmoozefest in Manhattan where a 100-person smorgasbord of luminaries — tech titans, activists, Oscar winners, pop stars, athletes and artists — was celebrated by the magazine as the most important people of the year. And the celebrities who were feted at the event included Colman Domingo, Taraji P. Henson, Dev Patel, Patrick Mahomes and Dua Lipa. Lemon, who arrived with his husband, the real estate broker Tim Malone, was not among the honorees. Still, he took questions from the journalists at the barricades who wanted details from his recent wedding, including which designer had made the suit he had worn for the occasion.
Persons: ”, Don Lemon, Oscar, —, Colman Domingo, Taraji P, Henson, Dev Patel, Patrick Mahomes, Lemon, Tim Malone Organizations: titans Locations: Manhattan, Dua Lipa
☆ How TikTok Changed America
  + stars: | 2024-04-18 | by ( Introduction Sapna Maheshwari | The New York Times | Brooks Barnes | ) www.nytimes.com   time to read: +35 min
Within days, millions of TikTok videos using music from Universal artists went mute, and since then guessing which side would blink first has become a media-business parlor game. Backing this up, one study found that TikTok users reported experiencing higher levels of flow than Instagram users. Corey Basch, who analyzed 100 popular TikTok videos with the hashtag mentalhealth for a 2022 study, emerged concerned about the looping effect of the algorithm. Cerave Sales increased by more than 60 percent in 2020 after skin care became a lockdown pastime and TikTok users discovered the drugstore mainstay. Cat Crack Catnip It briefly sold out in 2021 after TikTok users posted videos of their cats going crazy for it.
Persons: randos, TikTok, you’ve, Sydney Sweeney, Glen Powell, ”, “ Wonka, Barbie, “ Oppenheimer, —, goofing, cavorting, Sue Fleishman, Z’s Walter Cronkite, Spehar, Donald J, Trump, he’s, Caitlin Clark’s, Joe Biden, Justin Bieber, Abbie Richards, Richards, Britney Spears, Taylor Swift, Olivia Rodrigo, Lil Nas X, Fleetwood Mac, Rodrigo, Billie Eilish, Drake, Swift, ByteDance, can’t, Mark Warner, hasn’t, Al, ear on, Li Organizations: Fleetwood Mac, Facebook, Sony, Universal, Warner Bros, White, Pew Research Center, YouTube, The New York Times, Kansas City Chiefs, Media, Colgate, Universal Music Group, ByteDance, Intelligence Committee, e Locations: United States, Beijing, Biden’s, TikTok, Singapore, View, Calif, China, American
☆ Singapore tech salaries mostly fell in 2023, but these jobs saw wages jump
  + stars: | 2024-04-09 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com   time to read: +1 min
Young Group Of Professionals Developing Business Strategy and Providing The Business PlanSINGAPORE — Tech salaries in Singapore mostly fell in 2023 amid a tech downturn, but certain roles — including for data science and cybersecurity — saw wages jump, according to a new report. The jobs that saw the highest wage increases year-on-year were data scientists (11.3%), systems analysts (8.27%), cybersecurity engineers (8.24%) and quality assurance (8.01%). The report, compiled by tech salaries aggregator Nodeflair, took into account more than 422,000 salary data points including pay slips, offer letters and job advertisements from different countries and companies of all sizes and industries. Nodeflair said that a surge in compensation for data scientists can be attributed to "a rising interest in generative AI." Last year saw an AI boom fueled by the launch of viral chatbot ChatGPT in November 2022.
Persons: —, Nodeflair Organizations: Plan SINGAPORE, Tech Locations: Singapore
☆ Mark Cuban says everyone has the potential to be ‘world-class great’ at one thing—here’s how to identify yours
  + stars: | 2024-04-07 | by ( Tom Huddleston Jr. | ) www.cnbc.com   time to read: +3 min
Mark Cuban believes you're capable of greatness — as long as you stay open-minded enough to discover your strengths. "I'm a hardcore believer that everybody has something that they're really, really, really good at — that could be world-class great. "I [only] took one technology class in college, Fortran programming, and I cheated on it," Cuban said. "That's when I realized that I can be really, really good at technology." After getting fired from that sales job, Cuban started a software company called MicroSolutions, which he sold to CompuServe for $6 million in 1990.
Persons: Mark Cuban, Lex Fridman, he'd, Cuban Organizations: Cuban, Mellon Bank, Mellon, CompuServe, Yahoo, CNBC Locations: Pittsburgh, Dallas, Cuban
☆ These are the 3 Apple patents analysts say could hit the production line
  + stars: | 2024-03-24 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +5 min
Analysts predict which Apple patents are likely to become products. An Apple Watch with a camera, a hand wearable for the Vision Pro, and offline Siri may be possible. He identified three Apple patents he believes the company will likely make. AdvertisementThe patents Saini identified as "highly probable" include:1) An Apple Watch with a cameraApple's patent illustration of an Apple Watch with a camera. "Apple has been silently doing a lot of research on AI," analyst Saini said when asked about Apple's patents related to AI.
Persons: Siri, —, Apple's, Ming, Chi Kuo, Anmol Saini, Saini, Gene Munster, Munster Organizations: Apple, Apple Watch, Vision, Service, GreyB, United States Patent, USPTO, Asset Management, Bloomberg, Google, US Department of Justice
☆ When a Gen Zer studied in Milan, he met a best friend online to combat loneliness. They still maintain a friendship despite living in different continents.
  + stars: | 2024-03-17 | by ( Allie Kelly | ) www.businessinsider.com   time to read: +5 min
Nick Portello (left) and Michele Gandolfi (right) maintain their international friendship over social media. Portello loved getting to experience Milan from a local's perspective, and Gandolfi appreciated doing new activities in his home city. "It's different living as a queer person in Italy, in a big town like Milan, or in New York like Nick." Portello said his experience meeting Gandolfi has encouraged him to reach out to new people and continue building real friendships on social media. Are you a Gen Zer who met friends online or maintain a long-distance friendship?
Persons: —, Nick Portello, Michele, Mycah, We've, Zers, Michele Gandolfi, Portello, Gandolfi, Milan, — he's, It's, Nick, Zer Organizations: Service, Business Locations: Italy, Milan, Reddit, American, That's, New York, Stockholm, London, Europe
☆ OpenAI Completes Deal That Values the Company at $80 Billion
  + stars: | 2024-02-16 | by ( Cade Metz | Tripp Mickle | More About Cade Metz | ) www.nytimes.com   time to read: +1 min
OpenAI has completed a deal that values the San Francisco artificial intelligence company at $80 billion or more, nearly tripling its valuation in less than 10 months, according to three people with knowledge of the deal. The company would sell existing shares in a so-called tender offer led by the venture firm Thrive Capital, the people said. The deal lets employees cash out their shares in the company, rather than a traditional funding round that would raise money for business operations. The deal is another example of the Silicon Valley deal-making machine pumping money into a handful of companies that specialize in generative A.I. The funding boom kicked off early last year, after OpenAI captured the public’s imagination with the release of the online chatbot ChatGPT.
Persons: OpenAI Organizations: SpaceX Locations: San Francisco
☆ Marcelo Claure and Paul Judge bought SoftBank's diversity fund. Now they're trying to raise $200 million for it.
  + stars: | 2024-02-01 | by ( Vishal Persaud | ) www.businessinsider.com   time to read: +6 min
Read previewFormer SoftBank executive Marcelo Claure and serial entrepreneur and investor Paul Judge are in the throes of raising a new $200 million fund. The past year has been transitional for the fund since Claure and Judge bought the $100 million fund from SoftBank. Since then, there haven't been any new investments, but the two are poised to capitalize on the success of the first fund and are raising the second Open Opportunity Fund. He said that limited partners' interest has been positive overall since the Open Opportunity Fund's first fund has had so much success. AdvertisementJudge said that he expects the first Open Opportunity Fund to continue to deliver "top quartile" returns to its investors over the next five to seven years.
Persons: —, Marcelo Claure, Paul Judge, It's, Claure, haven't, SoftBank —, I've, Judge, George Floyd's, Masayoshi, Shu Nyatta, Stacy Brown, what's Organizations: Service, Business, Opportunity Fund, Opportunity, Fund, Mastercard, Vista Equity Partners, Ventures, Sprint, Bicycle Capital, TechCrunch Locations: SoftBank, Atlanta, America
☆ Jim Cramer's top 10 things to watch in the stock market Wednesday — tech earnings edition
  + stars: | 2024-01-31 | by ( Jim Cramer | ) www.cnbc.com   time to read: +7 min
We raised our Club price target on Microsoft to $450 per share from $400 following Tuesday's after-the-bell earnings. We increased our Club price target on Alphabet to $160 per share from $140. However, we lowered our Club price target to $115 per share from $125 to reflect the challenges ahead. The slide in Alphabet increased our Club price target on Alphabet to $160 per share from $140. Dow stock Walmart 3-for-1 stock split as shares stand a couple of dollars below all-time high of nearly $170 each.
Persons: what's, Jerome Powell, I've, Max, Tesla, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Dow, Federal Reserve, ADP, Microsoft, Google, Starbucks, Devices, Club, Nvidia, AMD, Boeing, Walmart, Elon Musk's, Twitter, Jim Cramer's Charitable, CNBC, Micro, Tesla
☆ Tech Firm Baidu Denies Report That Its Ernie AI Chatbot Is Linked to Chinese Military Research
  + stars: | 2024-01-15 | by ( Associated Press | Jan. | At A.M. | ) www.usnews.com   time to read: +3 min
HONG KONG (AP) — Technology company Baidu on Monday refuted a newspaper report that said its artificial intelligence chatbot Ernie was linked to Chinese military research. The paper stated that the division had tested its artificial intelligence system on Baidu’s Ernie and on artificial intelligence firm iFlyTek’s Spark, both of which are language-based AI chatbots similar to ChatGPT. “Ernie Bot is available to and used by the general public,” the Chinese company said in its statement. Like ChatGPT, users can pose questions or requests to Ernie Bot, which would then generate content based on the initial prompt. The Beijing-headquartered firm said in December that it had more than 100 million users for Ernie Bot.
Persons: Ernie, Baidu, Ernie Bot Organizations: — Technology, Baidu, Hong, China Morning, People’s Liberation Army cyberwarfare, PLA Information Engineering University, China Morning Post, PLA, Huawei, U.S Locations: HONG KONG, Hong Kong, U.S, China, Taiwan, Beijing
☆ After big tech layoffs, Silicon Valley may have lost its monopoly on workers
  + stars: | 2024-01-14 | by ( Rachel Curry | ) www.cnbc.com   time to read: +6 min
According to Dice's 2023 Tech Sentiment Report, 60% of tech workers in general are interested in leaving their jobs in 2024, which is up from 52% the year prior. According to Art Zeile, CEO of tech careers marketplace Dice, tech workers are most in demand in the aerospace, consulting, health care, financial services and education industries. Zeile says it's in spaces like these — non-tech enterprises with major tech branches — that tech workers can find better work-life balance and more stability than the tech leaders can provide. In corporate America outside of big tech, he said, "There is more of a dedication to making sure that the project gets fulfilled." Tech job growth geographicallyUltimately, Zeile says recent layoffs have induced a jarring disruption in two decades of growth in big tech.
Persons: Justin Sullivan, Jeff Spector, Spector, I'm, CBRE, Art Zeile, Zeile Organizations: Google, Tech, Meta, Microsoft, MGM Studios Locations: Mountain View , California, Silicon Valley, Seattle, America, India
☆ 16 VCs that are funding the future of entertainment by backing generative AI and other disruptive tech
  + stars: | 2024-01-12 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +17 min
AdvertisementAfter a period of "wild west" investing in AI, Blank believes activity will favor AI companies that respect artists' consent and compensation. It recently co-led a $1 million seed round in Conduiit, which centralizes entertainment companies' production finance operations. Endeavor Venture InvestmentsEndeavor Venture Investments is the venture arm of entertainment and sports behemoth Endeavor. SWaN & LegendThe Virginia-based VC firm has a broad consumer portfolio that includes a number of entertainment investments. With Hollywood in contraction, SWaN has largely hit pause on new entertainment investments to get its portfolio companies on a strong footing.
Persons: Michael Blank, Blank, Jon Miller, Miller, Slack, Garnet Heraman, BDMI, Urs Cete, Michael, TMRW, Tiger Woods, Rory McIlroy, Elysian Park Ventures Jay Adya, Grant Lamos, Tom Brady, Gotham Chopra, Michael Strahan, Jay Adya, Morgan, Kushaan Ahuja, Drew Glover, Glover, Alex Harris, they've, Noah Doyle, Payback India, Jed Katz, Rich Greenfield, Rich, Ilya Pozin, Jamie Seltzer, LightShed, Steve Cohen's, it's, Sri Chandrasekar, Tripp Shriner, Ishan Sinha, That's, Wondery, Ian Doody, Raine, Gordon Rubenstein, Joe Ravitch, Jeff Sine, ‐, Fred Schaufeld, SWaN, that's, Oscar, Jose, Schaufeld, Sam Wick, Alex J, Investcorp, Paul Yoo, Edgar Bronfman Jr, Daniel Leff, Waverley, Leff Organizations: Service, Creative Artists, Connect Ventures, Business, Hollywood, Veteran, TPG, Integrated Media Co, Advancit, CAA, Bertelsmann, Waverley, Octopus Ventures, Accel, Facebook, Venture, Aperture Venture, Bertelsmann Digital Media Investments, Fremantle, Connect, CAA Connect Ventures, New Enterprises Associates, TMRW Sports, Disney, Universal, Elysian Park Ventures, Elysian, Sports, Endeavor Venture, Endeavor Venture Investments, behemoth Endeavor, Dapper Labs, Fiat Ventures, Fiat Ventures Fiat Ventures, Fiat, Payback, Rent, LightShed, Rich Greenfield Influential, LightShed Ventures, Pluto, Apple, Octopus Ventures Octopus Ventures, Investments, Corp, Etsy, Re, Point72 Ventures New York Mets, Range Media Partners, Point72 Ventures, Sri, Powerhouse, Athletic, The New York Times Co, Evolution Media, Creative Artists Agency, Astro, Rave Digital Media, Accel Entertainment, Jose Andrés Media, Berliner, UTA Talent, UTA, UTA Ventures, Ventures, VR, Amazon, PFL Locations: blockchain, —, Conduiit, fintech, London, Australia, Papercup, Los Angeles, Virginia, UTA.VC
☆ 16 New Books Coming in November
  + stars: | 2023-10-30 | by ( The New York Times Books Staff | ) www.nytimes.com   time to read: 1 min
The Future, by Naomi AldermanThis new novel by the author of “The Power” is set in a near-future apocalypse in which only the wealthiest members of society — tech oligarchs who control everything from weapons to the weather — have the means to assure their own safety. But corporate power comes into conflict with social media survivalists who attempt to save the world from destruction. Simon & Schuster, Nov. 7
Persons: Naomi Alderman, survivalists, Simon & Schuster
☆ Huawei stays silent on secretive 5G phone at high-profile product launch
  + stars: | 2023-09-25 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +2 min
Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese telecommunications and smartphone giant Huawei didn't reveal any details about its new phone or reported advanced chip breakthrough during a high-profile launch event Monday. The product releases were part of Huawei's fall season launch event, which was livestreamed Monday afternoon in Mandarin. watch nowStill, many viewers, especially on the Bilibili video platform, left comments asking for details about the phone. It also included a short speech by Hong Kong celebrity Andy Lau around Huawei's launch of a luxury watch design. Huawei's silence on its new phone comes as Apple 's iPhone 15 started deliveries in China on Friday.
Persons: Richard Yu, Yu, —, Hong, Andy Lau Organizations: Huawei, Nurphoto, Getty, Kirin, bluetooth, Apple Locations: Shanghai, China, BEIJING, Huawei's, Hong Kong
☆ Apple's iPhone 15 is missing a chip that the company spent billions developing, report says
  + stars: | 2023-09-21 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Apple launched the iPhone 15 and iPhone 15 Pro at its "Wonderlust" event last week. The phones lack a silicon chip the company developed for years, the WSJ reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Apple launched the iPhone 15 and iPhone 15 Pro at its "Wonderlust" event last week. Apple had been trying to develop the chip to reduce its reliance on its supplier, Qualcomm, the Journal reported.
Persons: Apple Organizations: Apple, Service, Street Journal, Qualcomm, FT Locations: Wall, Silicon
☆ Charter planes are descending on the Nevada desert — and the pop-up Black Rock City airport — as tech bros and billionaires gather for Burning Man
  + stars: | 2023-09-02 | by ( Grace Kay | Taylor Rains | Jordan Hart | ) www.businessinsider.com   time to read: +7 min
Hundreds of flights have landed in Black Rock City for Burning Man — tech bros' favorite party. AdvertisementAdvertisementOver 880 flights descended on Black Rock Desert's pop-up airport this week as the playa opened shop for Burning Man. Jettly CEO Justin Crabbe told Insider in 2019 that the roundtrip flight from New York to Black Rock City cost $55,000. A Burning Man spokesperson did not respond to a request for comment ahead of publication. According to Burner Express' website, other air carriers can fly into Black Rock City, but those who wish to must email and register with the company in advance.
Persons: Elon Musk, Meta's Mark Zuckerberg, Ray Dalio, doesn't, Justin Crabbe, Alex Sgarlata, Sgarlata, Kathleen Bangs Organizations: Black Rock City, Rock City, wasn't, Black, Tahoe, Rock City Airport, Burner, ATC, Oakland, SF, Man, Pilatus, Cessna, Maxar Technologies, REUTERS Locations: Black Rock, Nevada, San Francisco, playa, San Francisco and New York, New York, Southern California, Reno, Rock
☆ September is the cruelest month for stocks. Pros share their trading tips — and what to buy
  + stars: | 2023-09-01 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +5 min
The pros share their expectations and tips for how investors can trade in the month ahead. The volatility isn't over The "potential bite" of aggressive Fed policy could lead to more volatility, said Richard Saperstein, chief investment officer at investment firm Treasury Partners, in a Tuesday note. Avoid tech — but not completely Avoid mega-cap tech stocks such as the "Magnificent Seven" now, the pros said, referring to Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — tech stocks that have made massive gains this year. "Big tech stocks have run and valuations are richer than they have been. Dave Sekera, chief U.S. market strategist at Morningstar, said on Thursday that not all tech stocks are overvalued.
Persons: Richard Saperstein, Ben Kirby, CNBC's, Carol Schleif, George Ball, Sanders Morris Harris, Schleif, Ball, it's, Dave Sekera, Kirby, Thornburg, Morgan Stanley, Andrew Slimmon Organizations: U.S . Federal Reserve, Treasury Partners, Thornburg Investment Management, BMO Family Office, Apple, Microsoft, Nvidia, Tesla, Big Tech, Morningstar, Autodesk, Software, Teladoc, CNBC, CME, Hyatt Hotels, Hotels, Resorts, Hilton Hotels, Morgan, Morgan Stanley Investment, United Rentals Locations: U.S, China, Argentine
☆ Look beyond the 'Magnificent Seven' tech stocks, analyst says — and names 5 top picks
  + stars: | 2023-08-31 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +4 min
When it comes to picking stocks, Hannah Gooch-Peters of asset management firm Sanlam Investments UK avoids chasing trends. She said she believes investors need to look beyond the "Magnificent Seven," referring to Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — tech stocks that have made massive gains this year. Sanlam's $5 billion-plus Global High Quality Fund invests in global stocks with a "high quality bias." The companies her firm picks have rather low capital expenditure as a percentage of their sales, she said. It also has a "mortgage-signing technology service which is "really, really exciting," she said.
Persons: Hannah Gooch, Peters, Gooch, We're, it's, you've, That's Organizations: Sanlam Investments, Apple, Microsoft, Nvidia, Tesla, CNBC, Quality Fund, Peters . Services, Yum Brands, KFC, Taco Bell, Intuit, SAP, Intercontinental Exchange, Samsung Electronics
☆ Deepa Seetharaman — Tech Reporter at The Wall Street Journal
  + stars: | 2023-08-17 | by ( Deepa Seetharaman | ) www.wsj.com   time to read: 1 min
Deepa SeetharamanDeepa Seetharaman is a reporter covering artificial intelligence from The Wall Street Journal’s tech bureau in San Francisco. Previously, she covered the intersection of technology and politics and was the Journal's beat reporter covering Facebook (now Meta). She's covered antitrust issues and profiled some of the most influential executives in Silicon Valley. Deepa joined the Journal in 2015 from Reuters, where she covered e-commerce, focusing on Amazon, as well as the U.S. auto industry and labor unions. ​She's won several awards for her coverage including the George Polk Award for Business Reporting and the Gerald Loeb Award in Beat Reporting.
Persons: Deepa Seetharaman Deepa Seetharaman, She's, Deepa, ​ She's, George Polk, Gerald Loeb Organizations: Facebook, Reuters, George Polk Award, Business Locations: San Francisco, Silicon Valley
☆ Car repair costs are up almost 20% over the past year. Here are 6 reasons why
  + stars: | 2023-07-25 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +5 min
Here's a look at six reasons why you're paying more for car repairs. More technology in carsJamie Grill | Getty ImagesCommon car repairs can run consumers $500 to $600 a visit and sometimes "much higher," according to AAA. More advanced — and more expensive — technology in vehicles is a big reason for higher repair costs, said Robert Sinclair, Jr., a spokesman for AAA Northeast. More auto wrecks mean greater demand for mechanics, serving to raise prices for car repairs, Sinclair said. Fewer auto repair techniciansMeanwhile, there's been a dearth of available mechanics to meet that greater demand, translating to higher labor costs, auto experts said.
Persons: Michael H, Grill, Robert Sinclair, Jr, Sinclair, Skyler Chadwick, Morgan, Chadwick, Peter Dazeley, there's, — Organizations: Getty, AAA, AAA Northeast, Finance, Cox Automotive, P Global Mobility, Bank, National, Traffic Safety Administration, TechForce Foundation, Auto, Cox
☆ It’s official: Silicon Valley’s entire business model is a scam
  + stars: | 2023-07-18 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +13 min
The problem is, conservative economists at the University of Chicago have spent the past 50 years insisting that under capitalism, predatory pricing is not a thing. Predatory companies could never recoup their losses, which meant predatory behaviors are irrational. Lots of economists have come up with solid counter-counterarguments to the Chicago School's skepticism about predatory pricing. A company that engages in predatory pricing and its late-stage investors might not recoup, but the venture investors do. "If people in Silicon Valley start thinking about this as a predatory pricing scam, then I think the late-stage investors will start asking questions."
Persons: Matt Wansley, Wansley, we're, Uber, Cardozo, Sam Weinstein, gobs, you've, —, Brooke, Spencer Waller, Matsushita, Weinstein —, Justice Department —, it's, Weinstein, Matt, that's, Will Uber, Waller, David, Maurer, they've, Adam Rogers Organizations: Lyft, Big Tech, Cardozo School of Law, Justice Department, University of Chicago, Chicago School, Supreme, Matsushita Electric Industry Co, Zenith Radio Corp, Brooke Group, Brown & Williamson Tobacco Corp, United, Loyola's School of Law, Venture, Matsushita, VCs, Chicago, Loyola, pharma, aha, Wansley Locations: United States, Chicago, Silicon Valley, Silicon
☆ These sectors outperformed in the first half. How analysts are playing them for the rest of 2023
  + stars: | 2023-06-30 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
The S & P 500 is closing out a strong first half thanks in large part to three sectors. The broader market index is up more than 15% year to date, on track for its best first half since 2019. The bulk of those gains came from three sectors — tech, consumer discretionary and communication services — which are up more than 30% each. Given this backdrop, CNBC Pro used FactSet data to screen the top three performing sectors to find which names analysts expect to outperform in the second half. Earlier this week, KeyBanc downgraded the stock to sector weight from overweight, citing concerns at multiple of the company's divisions .
Persons: Disney, KeyBanc, Bank of America's Jessica Reif Ehrlich, Ehrlich, Goldman Sachs, Brian Lee, it's, Lee, SolarEdge, — CNBC's Michael Bloom Organizations: Nvidia, CNBC Pro, Bank of America's, Disney, SolarEdge Technologies, Caesars Entertainment, Vegas Sands, MGM Resorts Locations: Vegas
☆ New York City Has Lost Tens of Thousands of Retail Jobs, Report Finds
  + stars: | 2023-06-08 | by ( Stefanos Chen | ) www.nytimes.com   time to read: +2 min
More than 70 percent of the city’s 301,700 retail jobs are held by Black, Hispanic and Asian workers, a disproportionate share of whom did not finish college. But that amounted to only 4,300 new jobs, Mr. Bowles said. The growth of home health care services has also been sharp, with a gain of 41,700 new jobs, but those positions tend to pay far less than some retail jobs. The working-age population of New York City was down 400,000 people in March and April of 2023, compared to the start of 2020, which hurt retail demand, Dr. Parrott said. To counter the losses in retail, Mr. Bowles said, the city should invest in job training programs that can help retail workers transition to other fields.
Persons: Mr, Bowles, James Parrott, Jobs, Parrott, “ They’re, ” Organizations: Black New Yorkers, Yorkers, City, New York, Center, New York City Affairs, New School, Mr Locations: New York, New New York, New, New York City
☆ 10 Things in Tech: Apple's big metaverse push
  + stars: | 2023-06-05 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
This week, Apple is preparing to do what no tech firm has managed yet: make the metaverse cool. Apple is ready to enter its metaverse era, but the rest of the world might not be. Some people think it's unwise to ramp up efforts to push into the metaverse — especially at a time when the metaverse is said to be headed to the industry's graveyard of failed ideas. However, it's also unwise to bet against Apple — a company whose epic feats in tech have earned its leaders cult-like status. It's quick, stylish, and high-tech, Insider's Tim Levin writes, but it falls short in range and cargo space.
Persons: Hallam Bullock, Tim Cook, Stephen Lam, Insider's Hasan Chowdhury, Apple, it's, Patrick O'Neill, Elizabeth Holmes, Lisa Lake, Theranos, Holmes, Read, Elon, Spriha Srivastava, Gray, Kia, Tim Levin, Kia's, Jack Sommers Organizations: Apple, Developers, Bloomberg, Apple —, Starco Brands, Forbes, Getty, Nvidia, Google, Challenger, Wireless, Amazon Prime Locations: London, Theranos, China, Shanghai
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