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☆ Amazon Prime looked like it had plateaued. Now a record 3 out of 4 Americans use it.
▼ + stars: | 2024-04-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +1 min

Amazon's Prime membership hit a record 180 million US shoppers in Q1, according to new estimates. Now a record 75% of Americans use the subscription service. AdvertisementJust over a year ago, Amazon's Prime subscription service looked like it had plateaued. Prime reached a record 180 million US shoppers in the first quarter, data from Consumer Intelligence Research Partners suggests. This story is available exclusively to Business Insider subscribers.

Persons: —, It's Organizations: Amazon's, Service, Consumer Intelligence Research Partners, Business

☆ New data centers require billions of dollars in utility system upgrades. You may end up paying for it.
▼ + stars: | 2024-04-18 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +15 min

A record surge of data center construction is underway to provide the computing and storage that underpins society's fast-expanding digital footprint and powers artificial intelligence. In areas of the country where data centers have clustered, utilities have unveiled plans to spend billions of dollars to keep up. asked David Springe, the executive director of the National Association of State Utility Consumer Advocates. "Then you have the data centers that are having exponential load growth," Nelson said. Data centers also don't deliver the number of long term jobs – a key yardstick for public benefits – that other industries do.

Persons: Mike DeWine, David Springe, they're, Ryan Augsburger, Augsburger, Ron Nelson, Strategen, ratepayers, Nelson, Steve Helber, That's, PJM, David Lapp, Lapp, Jeffrey Shields, Shields, Kantele Franko, Shelby Moore, Meta, behemoth Blackstone, QTS, John Gavan, Daniel Tait, Tait Organizations: Amazon, Ohioans, Business, Wall, Boston Consulting Group, National Association of State, Consumer, Ohio Manufacturers ' Association, Web Services, Energy, Dominion Energy, Federal Energy Regulatory Commission, Tech, Wall Street titans, American Electric Power, Buckeye Power, AEP, Buckeye, AEP Ohio, Staff, Intel, Policy Institute Locations: Ohio, ratepayers, Chester , Va, Virginia, PJM, Chicago, New Jersey, New York City, Maryland, West Virginia, Pennsylvania, Columbus , Ohio, Denver, New Albany , Ohio, Minnesota, Columbus, Mississippi

☆ Exercise reduces stressful brain activity, which can lead to less heart disease risk, study shows
▼ + stars: | 2024-04-15 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

In addition to the physical benefits of exercise, it’s also associated with a reduction in stress signals in the brain, which leads to a decreased risk of cardiovascular disease, according to the study. For people without any history of depression, the benefit of exercise on cardiovascular disease reduction plateaued after about 300 minutes of moderate physical activity a week. How it worksExercise reduced stress signals and increased prefrontal cortical signals, Tawakol said. In part, exercise appeared to reduce heart disease risks by reducing the stress signals, Tawakol said. But figure out a way to get a physical activity in that you truly enjoy,” he said.

Persons: it’s, Brigham Biobank, ”, Ahmed Tawakol, “, Andrew Freeman, Freeman, Tawakol, ” Tawakol, wasn't, Oleg Breslavtsev, Karmel Choi, ” Freeman Organizations: CNN’s, CNN, Mass, American College of Cardiology, Mass General Hospital, Harvard Medical School, Jewish Health, Getty, Massachusetts General Hospital Locations: Boston, Denver, Massachusetts

☆ The Fed hasn't touched interest rates since July, but they're still moving. What that looks like for credit cards, mortgages and savings accounts
▼ + stars: | 2024-03-20 | by ( Gabriel Cortés | ) www.cnbc.com time to read: +4 min

It's one of the silver linings to the current rate environment, said Ted Rossman, chief credit card analyst at Bankrate. Credit cardsThe flip side to the positive environment for savers is the expensive credit card market: Consumers carrying balances on their cards face historically high rates. "The Fed is not going to come to your rescue on credit card rates," Rossman said. The Fed is not going to come to your rescue on credit card rates. Mortgage ratesWhile savings and credit card rates are very sensitive to maneuvers from the Federal Reserve, the area that might see the most movement is housing.

Persons: Ted Rossman, There's, Rossman, they've, they'd, Bankrate Rossman Organizations: Hinterhaus, Getty, U.S . Federal Deposit Insurance Corp, Federal Reserve

NEW YORK (AP) — Garden centers enjoyed a pandemic boom, particularly with millennials, as people looked for outdoor activities during lockdowns. To regain the sales momentum, garden centers must navigate a number of challenges as another spring season kicks in. At Flowercraft Garden Center, a San Francisco garden center that is in its 50th year of operation, houseplants, vegetable starter plants and citrus trees are selling well, said general manager Lydia Patubo. That was good for an area suffering from a yearslong drought, but bad for garden center business. Even though his sales have plateaued since the pandemic, he feels the 34-year-old garden center is in a good spot.

Persons: Danny Summers, Summers, That’s, ”, Lydia Patubo, Patubo, San Francisco, ” Patubo, Chris Cordrey, “, ” Cordray, hasn’t, Kat McGraw, ” McGraw Organizations: Survey, The Garden Center Group, Garden, ”, East Coast Garden, National, Administration, Co, Atlanta, “ Locations: U.S, San Francisco, San, California, Millsboro , Delaware, Chattanooga , Tennessee, Nashville, Tennessee

☆ How Georgia became America's green-manufacturing capital
▼ + stars: | 2024-03-13 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +14 min

Howey, now 30, grew up in northwestern Georgia near Dalton, a small city known as the "carpet capital of the world." SolarCycle, which reclaims old solar panels to make new ones, in February announced plans for a glass factory. The law authorized big tax credits for companies making renewable-energy technologies, including solar panels, batteries, and electric vehicles, in the US. According to S&P Global, the US imported more than two-thirds of its solar panels from Southeast Asia last year. When he sees solar panels atop the chargers, he feels pride in his job.

Persons: Robert Howey, Howey, he'd, Qcells, Catherine Boudreau, Joe Biden, Biden, Bob Keefe, Keefe, Gedia, Pat Wilson, Wilson, Brian Kemp, Benz, Dalton, Kemp, Heidi Popham, Popham, Donald Trump, Scott Moskowitz, Sen, Jon Ossoff of, Moskowitz, it's, Carl Campbell, Campbell, —, Whitfield, Jevin Jensen, Jensen, He's Organizations: US Navy, Business, Qcells, South, Hanwha, SK, Hyundai, Georgia Department of Economic, Gov, Porsche, Mercedes, SK On's, Financial Times, Georgia Northwestern Technical College, Treasury Department, P Global, Microsoft, Development Authority, Shaw Industries, Mohawk Industries, EV Locations: Georgia, Dalton, Japan, Cartersville, South Korea, Malaysia, North Carolina, China, Georgia , North Carolina, South Carolina, Savannah, Atlanta, Cartersville , Georgia, Germany, Commerce , Georgia, Southeast Asia, Korea, Jon Ossoff of Georgia, Washington, BloombergNEF, Vietnam, Whitfield County, ., Whitfield, Calhoun

☆ I quit my $400,000 Morgan Stanley job to become a startup founder. Loneliness was the biggest challenge, but I don't regret it.
▼ + stars: | 2024-02-13 | by ( Ellen Nguyen | ) www.businessinsider.com time to read: +6 min

I decided to leave investment banking because I'd lost the meaning and purpose of my work, and I wanted to find it. Becoming a managing director wasn't a specific goal when I started in investment banking. I realized money is just part of the puzzle. The biggest expense isn't the business investment but the opportunity cost and covering my living expenses while extending my financial runway. I don’t have fixed commitments, like a mortgage or children, which gave me the flexibility to leave my banking career.

Persons: —, Valeri Gervaziev, Morgan Stanley, I'd, wasn't, could’ve, HENRY, I’ve, I've, Lauryn Haas Organizations: Service, Barclays, Business, lhaas@businessinsider.com Locations: London, Bulgaria

☆ Apple’s Vision Pro headset to hit stores in the US. Here’s what you need to know
▼ + stars: | 2024-02-02 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

CNN —The Vision Pro, Apple’s first new product in seven years, will officially launch in stores on Friday in the US. The Apple Vision Pro headset is displayed in a showroom on the Apple campus in Cupertino, Calif., after it's introduction at the company's annual developers conference, Monday, June 5, 2023. The Vision Pro is a high-priced headset that blends virtual reality with augmented reality that projects digital images on top of real-world settings. Vision Pro includes surround sound, with audio pods that sit outside the ears to deliver rich immersive audio. Morgan Stanley analysts project the company will ship up to 400,000 Vision Pro units this year.

Persons: Apple’s, Tim Cook, Cook, Jeff Chiu, it’s, Siri, Luke Skywalker’s, Ming, Chi Kuo, Morgan Stanley Organizations: CNN, Apple Stores, New York Times, Apple, Pro, Vision, Disney, Apple Watch, Shipping Locations: Cupertino , Calif

If those population-growth patterns continue for the rest of the decade, it could seriously imperil the Democrats’ long-term chances of winning the White House. The Week in Cartoons Jan. 15-19 View All 5 ImagesFor Democrats, the picture is grim. An analysis by the Brookings Institution found that the main factor driving population growth in 2022-23 was immigration. The two states Democrats are eyeing most urgently to become the new Arizona and Georgia are North Carolina and Texas. In particular, predictions of “Blexas” – a blue Texas – have taken longer to materialize than most Democrats had hoped.

Persons: Donald Trump, University’s, Joe Biden, ”, Alan Abramowitz, Christopher Cooper, Brennan, Biden, Mark P, Jones, it’s, Michael McDonald, Trump, Michael Bitzer, ” Bitzer, “ Biden's, Thomas Schaller, ” Schaller, –, Barack Obama, Cooper Organizations: White, Center for Justice, Biden, Emory University, Democrats, Western Carolina University, “, ”, Republicans, Rice University, University of Florida, Brookings Institution, Brookings, North Carolina’s Catawba, Northern Blacks, Brennan, University of Maryland, American Democracy, Senate, Democratic, Texas, Democratic Party, Electoral College Locations: South Carolina , Florida , Texas , Idaho, North Carolina, Tennessee, Utah, New, Texas, Florida, Idaho, South Carolina , Tennessee, California, New York, Illinois, Minnesota , Oregon, Rhode, Arizona, Georgia, Michigan, Pennsylvania, U.S, That’s, North, Northern, Baltimore, Arizona , Colorado , New Mexico, Nevada, “ Texas, United States

REUTERS/Yves Herman/File Photo Acquire Licensing RightsDUBAI, Dec 5 (Reuters) - Global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year, exacerbating climate change and fuelling more destructive extreme weather, scientists said. The Global Carbon Budget report, published on Tuesday during the COP28 climate summit, said that overall CO2 emissions, which reached a record high last year, have plateaued in 2023 due to a slight drop from uses of land like deforestation. Countries are expected to emit a total 36.8 billion metric tons of CO2 from fossil fuels in 2023, a 1.1% increase from last year, the report by scientists from more than 90 institutions including the University of Exeter concluded. When land use emissions are included, global CO2 emissions are set to total 40.9 billion tons this year. China produces 31% of global fossil fuel CO2 emissions.

Persons: Yves Herman, India's, Pierre Friedlingstein, Friedlingstein, Kate Abnett, Alexander Smith Organizations: REUTERS, Rights, University of Exeter, 1.5C, IPCC, Research, Energy, Clean, European, Thomson Locations: Dunkirk, France, India, China, Paris, COP28, Helsinki, U.S, European Union, Europe

The first option in the draft is listed as "an orderly and just phase-out of fossil fuels". The second option calls for "accelerating efforts towards phasing out unabated fossil fuels". "I don't think we're going to leave Dubai without some clear language and some clear direction on shifting away from fossil fuels," he added. China's fossil fuel emissions rose after it lifted COVID-19 restrictions, while India's rise was a result of power demand growing faster than its renewable energy capacity, leaving fossil fuels to make up the shortfall. "Leaders meeting at COP28 will have to agree rapid cuts in fossil fuel emissions even to keep the 2C target alive," he said.

Persons: Stephane Mahe, Jean Paul Prates, Patrick Pouyanne, Jennifer Morgan, Prince Abdulaziz bin Salman, David Waskow, Exeter, Pierre Friedlingstein, Kate Abnett, William James, Valerie Volcovici, Elizabeth Piper, Katy Daigle Organizations: REUTERS, Petrobras, European, Oxford University, Saudi Arabia's Energy, Bloomberg, World Resources, University of Exeter, Reuters, Thomson Locations: France, Montoir, Bretagne, Saint, Nazaire, DUBAI, COP28, Brazil's, United States, European Union, Saudi Arabia, Russia, Dubai, India, China, Paris

☆ Global CO2 Emissions From Fossil Fuels to Hit Record High in 2023 -Report
▼ + stars: | 2023-12-04 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +3 min

By Kate AbnettDUBAI (Reuters) - Global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year, exacerbating climate change and fuelling more destructive extreme weather, scientists said. The Global Carbon Budget report, published on Tuesday during the COP28 climate summit, said that overall CO2 emissions, which reached a record high last year, have plateaued in 2023 due to a slight drop from uses of land like deforestation. Countries are expected to emit a total 36.8 billion metric tons of CO2 from fossil fuels in 2023, a 1.1% increase from last year, the report by scientists from more than 90 institutions including the University of Exeter concluded. When land use emissions are included, global CO2 emissions are set to total 40.9 billion tons this year. China produces 31% of global fossil fuel CO2 emissions.

Persons: Kate Abnett DUBAI, India's, Pierre Friedlingstein, Friedlingstein, Kate Abnett, Alexander Smith Organizations: Reuters, University of Exeter, 1.5C, IPCC, Research, Energy, Clean, European Locations: India, China, Paris, COP28, Helsinki, U.S, European Union, Europe

☆ A 27-year-old who built a side hustle 3D printing products to sell on Etsy did $10,000 in sales in one week. He explains the steps he took before coming up with bestselling product ideas.
▼ + stars: | 2023-11-26 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

That's when he listed what would become his next best-selling product: a gas can ornament with a compartment for stashing cash. He built seller credibility by listing inexpensive products to drive sales and reviewsWhen the first product Ziegler listed — the battery cases — didn't sell, he shifted his strategy. Ziegler's first product that hit: a travel soap box. Instead of abandoning the idea, Ziegler thought about ways he could make his product stand out. Now that he has a handful of bestselling items, though, "I'm doing a lot more Etsy fulfillment and a lot less design."

Persons: Austin Ziegler, Ziggy Zig, he's, — he's, Ziegler, I'm, It's, He's Organizations: Ziggy Zig Designs, Business Locations: Hawaii

☆ A 27-year-old who brings in up to $16,000 a month 3D printing ornaments and other products explains how he built a side hustle selling on Etsy
▼ + stars: | 2023-11-22 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

The very first product Ziegler listed for sale fell into the latter category. "So then I started just 3D printing products and trying to sell them on Etsy." Ziegler started his 3D printing business, Ziggy Zig Designs, with two Prusa printers and filament. He also bought 3D printing filament and downloaded a design software called SolidWorks . He shipped two more 3D printers to his place in Portland and cut his trip short to assemble the printers and start fulfilling orders.

Persons: Austin Ziegler, Ziegler, " Ziegler, Zig, Rollo, I'm, Etsy, Long Organizations: Business, YouTube Locations: Portland, Hawaii, Spokane , Washington

☆ Cadillac unveils its new entry-level EV due to launch in 2024
▼ + stars: | 2023-11-19 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

The US carmaker Cadillac is expanding its electric vehicle portfolio. GM, which owns Cadillac, plans to become a fully electric company by 2035. The announcement comes as General Motors continues to ramp up electric vehicle production across all its major brands, including Chevrolet, Buick, and GMC. AdvertisementThe strikes, which were held in September and October of this year, cost General Motors $200 million a week, the BBC reported. EV demand has plateaued in the US auto market this year, as the wave of early-adopters dies out and the electric vehicles remain too expensive for the average buyer.

Persons: —, General Motors, Vince Sheehy Organizations: US, GM, Service, Cadillac, General Motors, General, Chevrolet, Buick, GMC, United Auto Workers, UAW, Motors, BBC, EV Locations: Washington, D.C

☆ Are Americans Falling Out of Love With EVs?
▼ + stars: | 2023-11-17 | by ( Stephen Wilmot | ) www.wsj.com time to read: 1 min

Prices of electric vehicles, such those manufactured by Tesla, have been falling. Photo: Bloomberg NewsAmerica’s spendthrift relationship with electric vehicles has lost some spark. It will take new generations of products to rekindle the romance on tighter budgets. Inventories are piling up and prices are falling, led by market leader Tesla . The average new EV sold for about $52,000 in October, down from around $65,000 a year ago, according to Cox Automotive.

Persons: Tesla Organizations: Tesla, Bloomberg, Cox Automotive Locations: U.S

☆ I left NYC and moved to Eastern Europe after my divorce — but here's what I wish I would've done differently
▼ + stars: | 2023-11-16 | by ( Katka Lapelosova | ) www.businessinsider.com time to read: +10 min

Katka Lapelosová moved to Serbia in October 2020 after her divorce. Then I fell in love with my best friend from high school, who had never left Long Island, and everything changed. Our nearly 10-year relationship was fantastic and filled with many wonderful memories including a few trips to Europe. AdvertisementSerbia really surprised me and moving here has been interestingLapelosová drove around Serbia and found the countryside very beautiful. Courtesy of Katka LapelosováWhile I love living abroad, it can definitely get lonely, and I still get homesick.

Persons: Katka Lapelosová, Lapelosová, would've, she'll, —, I'm, wasn't, I'd, I've, Lapelosová I've, Serbia —, don't, There's, it's, Belgrade haven't Organizations: Service, Belgrade —, Yorker, EU Locations: Serbia, Yorker, Prague, Long, Europe, EU, Balkans, Serbian, Belgrade, Italy, Spain, Greece, Slovakia, Saint Sava Temple, New York City, Paris, Barcelona, Siberia, Syria, Croatia, Malta

But the major railroads hauled slightly fewer containers than a year ago and 11% fewer containers than four years earlier. The strong growth in manufacturing activity between the middle of 2020 and middle of 2022 was a rebound following the disruption caused by the first wave of the coronavirus pandemic and associated lockdowns. Since then spending has rotated back towards services and there has been little if any expansion in the manufacturing sector. Chartbook: U.S. manufacturing activityLack of growth is evident in industrial energy consumption. Three-quarters of all distillate fuel oils such as diesel are consumed in freight and manufacturing, according to data from the Energy Information Administration.

Persons: Andrew Kelly, Jobs, John Kemp, Jonathan Oatis Organizations: REUTERS, Federal Reserve, Bureau of Labor Statistics, Energy Information Administration, Thomson, Reuters Locations: IceStone, New York City , New York, U.S, Europe, China, doldrums

NEW YORK (AP) — The physical pain of nearly dying when shrapnel from a roadside bomb in Iraq tore through his head 17 years ago was hard enough for ABC newsman Bob Woodruff. A couple of inches either way, Woodruff was told, and he would have been killed instantly. He has constant contact with veterans through the Bob Woodruff Foundation, which raises money for military families. That allowed for some gallows humor when Woodruff and Magnus Macedo, the sound technician on Woodruff’s 2006 trip, tried to cross it. Woodruff reunited with Saad Al-Dulaimi and Ghassan Al-Mohammadawi, Iraqi military men who had accompanied him in 2006.

Persons: Bob Woodruff, Woodruff, “, ”, “ It’s, you’re, Mack, Bruce Springsteen, David Westin, ” Westin, it’s, Lee, ” Woodruff, Magnus Macedo, “ Don’t, Saad Al, Ghassan, ” Al, Mohammadawi, Doug Vogt Organizations: ABC, Hulu, Associated Press, Disney, Bob Woodruff Foundation, ” Locations: Iraq, Taji, Mosul

The U.S. central bank could even be forced to raise rates to ensure the pace of inflation remains on a downward trajectory and does not bounce back, Goldberg said. Markets also imply about an 80% probability the European Central Bank (ECB) will cut rates by April, while the Bank of England (BoE) is seen easing in August. An outlier is Australia's central bank, which is considered likely to resume raising rates at a policy meeting on Tuesday as inflation there stays stubbornly high. The head of the central bank said on Monday it was closer to achieving its inflation target, but it was still not enough to end ultra-loose policy. The drop in the dollar and yields has helped underpin gold, as investors have cautiously turned back to riskier assets.

Persons: Brendan McDermid, Gennadiy Goldberg, Goldberg, Anthony Saglimbene, Saglimbene, We're, BoE, Jerome Powell, Herbert Lash, Wayne Cole, Alun John, Nick Macfie, Will Dunham, Mark Potter, Marguerita Choy Organizations: New York Stock Exchange, REUTERS, Wall, Federal Reserve, TD Securities, Dow Jones, Nasdaq, European Central Bank, Bank of England, ECB, The Bank of Japan, ., Germany's, Brent, U.S, West Texas, Thomson Locations: New York City, U.S, Europe, New York, France, Germany, Italy, Spain, Troy , Michigan, Asia, Pacific, Japan, Korea, Saudi Arabia, Russia

☆ Job growth slowed in October as the economy settled into a new normal
▼ + stars: | 2023-11-03 | by ( Madison Hoff | Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementThe US economy added 150,000 jobs in October, based on nonfarm payroll employment growth from the Bureau of Labor Statistics or BLS. That's less than September's revised job growth of 297,000. After two straight months of an unemployment rate at 3.8%, the unemployment rate rose slightly to 3.9%. Some of the industries that saw job growth from September to October included healthcare, construction, and leisure and hospitality. "The labor market remains tight, but supply and demand conditions continue to come into better balance," Powell said.

Persons: Jerome Powell, —, payrolls, Biden, Labor Julie Su, Aaron Terrazas, Nick Bunker, that's, Bunker, might've, Terrazas, Powell Organizations: Service, Bureau of Labor Statistics, BLS, Labor, That's, North America, Gross, Bureau, Board, Conference Board

☆ Once loyal Calibrate patients say they regained weight after the startup struggled to get them weight-loss meds on time
▼ + stars: | 2023-11-02 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +14 min

Christina started taking Wegovy in September 2021 after getting a prescription through Calibrate, a startup that promises science-backed help with weight loss. She never received medication through Calibrate again, and she's since gained back all the weight she lost. Calibrate says its goal for Masters patients is to get them off weight-loss medications and help them maintain the weight loss they achieved. A former employee on Calibrate's clinical team said the startup allocated fewer doctors to second-year patients because those patients historically required less help from Calibrate. At least four second-year patients Insider spoke with said they sought refunds from Calibrate after they didn't receive the services they paid for.

Persons: Christina, She'd, I'm, Florian Gaertner, they've, They've, Isabelle Kenyon, Kenyon, Fortune, Jenny Craig, Ozempic, it's, Katie, Calibrate's, didn't, It's, James, they'd, Arantza Pena Popo, Disha, aren't, hasn't, Michael Siluk, Beth Organizations: Getty, Calibrate's, Better, LinkedIn Locations: York, Chicago

☆ Applying for too many jobs may keep you from getting hired. Avoid sending a ‘firehose of applications,’ economist warns
▼ + stars: | 2023-11-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

In this article ZIP Follow your favorite stocks CREATE FREE ACCOUNTFiladendron | E+ | Getty ImagesApplying to multiple job openings can increase your chances of landing a new gig. However, if you're thinking of sending out what one economist called a "firehose of applications" all at once and then just waiting for responses, think again. "The problem is that sometimes people take a college application approach to the job search," said Julia Pollak, chief economist at ZipRecruiter. 'Set a daily goal of a number of applications'There are more strategic ways to go about the job search and application process instead of applying to jobs on mass, according to experts. Julia Pollak chief economist at ZipRecruiter

Persons: Julia Pollak, Pollak, Nick Bunker, —, Gabrielle Davis Organizations: ZipRecruiter, Finance, Union, U.S . Department of Labor, ZipRecruiter Survey, New Locations: U.S

☆ GoStudent, the $3 billion edtech darling, scaled fast and partied hard. The result was a mess.
▼ + stars: | 2023-10-24 | by ( Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com time to read: +23 min

These people were employees of GoStudent, an Austria-based online-tutoring startup that had quickly become the darling of the European tech scene. But 28 current and former GoStudent employees and tutors said they experienced a poorly run organization with clumsy management. Edtech companies "rarely have any major competitive advantage other than scale," a European venture capitalist who's not affiliated with GoStudent said. A GoStudent employee threatened to track down the petition's author using tutors' IP addresses, according to the German publication Handelsblatt. According to public documents updated in December 2022, GoStudent had shrunk to 15 markets and 1,500 employees, including its acquisitions.

Persons: Felix Ohswald, Gregor Müller, GoStudent, who'd, I'm, Heinz, Peter Meidinger, cofounders, Ferdinand von Hagen, Prada, GoStudent's, Dave Benett, Müller, —, Ohswald, Anthony Canavan, Canavan, Brutkasten, Norbert Wess, Harry Murphy, Duncan McIntyre, McIntyre, Neel Gupta, Anna Tuchy, Patrick Nadler, Nadler, Sarah Heuberger, Ross Slater Organizations: German Teachers ' Association, Employees, GoStudent, Conseil, prud'hommes, DBS, Safety Officers, Web, Getty, JP Morgan, Barclays, Deutsche Bank, TechCrunch, Organisation for Economic Cooperation Locations: Vienna, Austria, Silicon Valley, North America, South America, Europe, London, France, Soho , London, Dock, DACH, Germany, Switzerland, Spanish, Sweden, Swedish, GoStudent, Ukraine, Ibiza, GoStudent's, Deliveroo

☆ BlackRock warns of US earnings stagnation, remains bullish on AI, Japan
▼ + stars: | 2023-10-23 | by ( David Randall | ) www.reuters.com time to read: +2 min

The S&P 500 is down nearly 8% from its July highs as a selloff in Treasuries has pushed yields near 16-year highs, sapping investor enthusiasm for equities. While the firm is underweight broad equities for the next 6 to 12 months, it remains bullish on mega-cap technology companies, as well as healthcare and Japanese stocks, it noted. Overall, stock valuations look elevated, especially given the higher yields available in the bond market, the firm noted. The bearish call from BlackRock, the world's largest asset manager, comes as investors closely watch earnings for signs that the U.S. economy remains resilient in the face of rising interest rates. Companies in the S&P 500 are expected to post earnings growth of 1.3% in the third quarter compared with the same time last year, according to LSEG IBES.

Persons: Brendan McDermid, LSEG, David Randall, Hugh Lawson Organizations: BlackRock, New York Stock Exchange, REUTERS, BlackRock Investment, Companies, Microsoft, Google, Facebook, Apple, Nvidia, Thomson Locations: New York City, U.S, BlackRock, Treasuries

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