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☆ I'm a product manager who interned at Apple, Google, and Microsoft. Now I'm opening up a candy store.
  + stars: | 2024-08-31 | by ( Jaures Yip | ) www.businessinsider.com   time to read: +7 min
Read previewThis as-told-to essay is based on a conversation with Elly Ross, a head of product at an e-commerce company who is starting her own candy shop, "lil sweet treat." I was going on a walk to lunch one day and I passed by the unit that is now "lil sweet treat" — and I immediately knew that this was the spot for the candy shop. Product management skills in the candy shop worldA lot of the skills that I cultivated as a PM have been so helpful in building "lil sweet treat." When you buy this large amount of candy, you have to transfer that candy from one of the candy store bags into another vessel at home. Every time that your shopper reaches for a sweet treat, they see the "lil sweet treat" branding associate that sweet treat with "lil sweet treat."
Persons: —, Elly Ross, It's, I've, it's, we've, they're, I'm Organizations: Service, Business, Google, Blackstone Group, Apple, Microsoft, Big Tech Locations: Swedish, New York, Germany, New York City
☆ Free TV Streaming Is Surging, and It's a Problem for Hollywood
  + stars: | 2024-08-29 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +12 min
The basic problem: It's unclear how these free services could support new, Hollywood-style programming even if they wanted to. Now, with YouTube making the jump to TV screens and "free, ad-supported TV" (FAST) services having a moment, where does that leave Hollywood? Tech and legacy media will battle over free TV in the coming monthsLooking ahead, the major players already ahead in free TV will likely continue to gain share. Free streaming may seem like a way for Hollywood to claw back viewers. If not, it's hard to say what winning in the battle for free TV will actually get them.
Persons: Prognosticators, YouTuber Jamie Clement, Tubi's, Sarah Lee, Evan Shapiro, There's, Jenn Vaux, it's, Max, Peacock, Roku, It's, Tubi, Adam Lewinson, WBD, Laura Florence, Horowitz Organizations: Netflix, Business, YouTube, Hollywood, Disney, Hulu, Warner, Comcast, FX Networks, Parks Associates, Nielsen, Media, Fox, ABC News, NFL, FAST, Horowitz Research, Hub Entertainment Research, Tech, Fire TV, Paramount, Pluto, SVP, Global, Fremantle, JPMorgan, CNBC Locations: Hollywood, Fremantle
☆ Woman Was Scammed Out of Over $300K, Had to Lie to Family
  + stars: | 2024-08-29 | by ( Jane Zhang | ) www.businessinsider.com   time to read: +16 min
After I told him I didn't know any of them, he said they'd investigate and help me clear my name. But because I was a suspect, I needed to send daily updates about my whereabouts and activities to ensure I didn't flee. He agreed the next day but said I needed to send money for collateral to ensure I didn't escape while he was representing me. I feel like I'm the scammer because I scammed my family, in a sense, by lying to them. But it said sometimes clients neglect warnings, lie about the purposes of withdrawals, and proceed with the transactions anyway.
Persons: Wannapa Suprasert, I'd, Wannapa, they'd, scammers, —, didn't, I'm, they're, haven't, Suprasert Organizations: Thai Embassy, police, Thai Consulate, Central Investigation Bureau, Thai, Hong Kong, Bank of, FBI, San Francisco police, Bank of America, Business, Bank, Royal Thai Embassy Locations: Thailand, San Francisco, Washington , DC, Bangkok, Washington ,, American, LA, Hong, Hong Kong
☆ OpenSea receives Wells notice from SEC, regulator says NFTs are securities
  + stars: | 2024-08-28 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +3 min
Crypto marketplace OpenSea has been added to the SEC's list of targets, as the regulator extends its crackdown on the sector. The company's CEO said in a post on X on Wednesday that the U.S. Securities and Exchange Commission issued a Wells notice against OpenSea. A Wells notice is typically one of the final steps before the SEC issues formal charges. The letter, according to the OpenSea chief, alleges that the nonfungible tokens, or NFTs, sold on its platform are securities. In May, investment platform Robinhood announced it received a Wells notice for the company's crypto operations.
Persons: Wells, Devin Finzer, OpenSea, Coinbase, Gary Gensler, Crypto, haven't, Donald Trump, Trump, Gensler Organizations: U.S . Securities, Exchange Commission, OpenSea, SEC, NFTs, CNBC, Ethereum Foundation, Robinhood, Republican Locations: California, U.S
☆ AI will reshape the global labor force. Employers will need to help their workers keep up.
  + stars: | 2024-08-28 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +10 min
AdvertisementMissy Scalise has begun using AI to cut down on the amount of work she has to do after hours. In 2023, the World Economic Forum reported that employers expected 44% of workers' skills to be "disrupted" within five years. Another challenge with inserting AI into an organization is that it's often difficult to tell which skills workers possess and where they might need training. Charlotte Relyea, a senior partner at McKinsey & Co., believes that leaders need to plan now so they can better forecast the abilities workers will need. Leaders need to think about this as a transformation — what she described as "painting the picture of the future."
Persons: Missy Scalise, Ascension Saint, Suki, Scalise, Chesley Summar, Ravin, Mercer, Jesuthasan, It's, Jon Lester, Lester, it's, Julia Grace Samoylenko, Samoylenko, Gallup, Johnson, Elise Smith, Smith, They're, haven't, you've, Nathalie Scardino, Scardino, Charlotte Relyea, Relyea, she's Organizations: Ascension, International Monetary Fund, Economic, IBM, Johnson, Praxis Labs, Labs, McKinsey & Co, McKinsey Locations: Nashville, upskilling
☆ The Fed now will focus on the employment part of its mission — and for good reason
  + stars: | 2024-08-28 | by ( Jeff Cox | ) www.cnbc.com   time to read: +6 min
Various indicators are pointing to a labor market that, if not in outright deterioration, is at least slowing. "Declines of this magnitude tend to occur when the economy is heading into recession and when the unemployment rate is on the ascent," he said. The unemployment rate almost always either heads up or down, with little evidence of extended plateaus. The current momentum is up, though the consensus estimate for August is that the unemployment rate will tick down to 4.2%, according to FactSet. "When you talk to firms ... it doesn't look like the labor market is not healthy," former Cleveland Fed President Loretta Mester said Tuesday on CNBC.
Persons: Troy Ludtka, Jerome Powell, Beth Ann Bovino, Mary Daly, Nonfarm, Nikko, Loretta Mester, hasn't Organizations: Federal, Nikko Securities, Conference Board, Board, Labor Department, San Francisco Fed, Bloomberg News, Cleveland Fed, CNBC Locations: U.S
☆ Gen Z Loves Kamala More Than Biden. but It's Not an Obama 2008 Repeat.
  + stars: | 2024-08-27 | by ( Daniel Cox | ) www.businessinsider.com   time to read: +13 min
Back in 2008, the Obama campaign made an unprecedented effort to target young voters. In critical swing states like Pennsylvania and Nevada, young voters were more likely to report being contacted by the Obama campaign than older voters were. The issues that fire up young voters are increasingly out of step with the interests of an older, more moderate electorate. Young women have grown more liberal, and young men have become noticeably more sympathetic to the GOP. Related storiesSo to court America's young voters, Harris needs to appeal to their desire for something new.
Persons: Kamala Harris, Tamara Keith, Harris, Obama, Joe Biden, Gen, They're, Zers, Gen Z, Hunter, Trump, David Shor, Young, Biden, she's, Hillary Clinton's, —, Hillary Clinton, Joe Biden's, Harris doesn't, Tim Walz, Melanie, Camilla Harrison, hadn't Organizations: NPR, Obama, Democratic, Democrats, Pew Research Center, Trump, Gallup —, Pew, Democratic Party, Politico, Younger Democrats, GOP, Wall Street, New York Times, Monmouth University, Democratic National Convention, The New York Times, Biden Locations: Iowa, Pennsylvania, Nevada, American, Michigan, Siena, Florida
☆ Nvidia has lots of questions to answer in this week's earnings call on product delays, competition, and China
  + stars: | 2024-08-27 | by ( Emma Cosgrove | Helen Li | ) www.businessinsider.com   time to read: +7 min
Its next-generation Blackwell chip faces delays, raising questions about supply-chain impacts. As Nvidia prepares to report its second-quarter earnings on Wednesday, some of those questions are still relevant, while some have faded away. Efforts by other companies to build competitive AI chips haven't reached more than a simmer, and the rollout of Nvidia's next-generation Blackwell chip is said to be delayed. The analysts also wrote that revenue from existing products, specifically the H200 and H20 AI chips, could offset any delayed revenue from the Blackwell chip. AdvertisementNvidia's chips are still a must for the most complex AI-computing jobs, as Amazon still purchases chips from Nvidia.
Persons: Blackwell, —, Nvidia's, ChatGPT, China . Blackwell, weren't, Dylan Patel, Morgan Stanley, Dan Morgan, Meta, Mark Zuckerberg, we're, Zuckerberg, Lisa Su, Synovus, Morgan, Jensen Huang Organizations: Nvidia, Service, North Star, Google, Microsoft, JPMorgan, Amazon, AMD, Reuters Locations: China, Synovus
☆ I broke away from my traditional Amish community. Here's what grabbed me most in the modern world — and what I miss.
  + stars: | 2024-08-26 | by ( Mia Jankowicz | ) www.businessinsider.com   time to read: +8 min
Read previewThis as-told-to essay is based on a conversation with Daniel Beiler, 33, an emergency medical technician and aid volunteer who grew up in a traditional Amish community in Pennsylvania. An Amish family walks through a field. He taught me that there were other Amish people questioning things — and eventually the Amish system couldn't hold us anymore. When a storm comes through and the electric goes out, life kind of slows down, and I don't like that feeling. My family don't have any technological restrictions now, but we haven't embraced too much trash culture.
Persons: —, Daniel Beiler, Ted Shaffrey, I'd, Beiler, Posnov, William Thomas Cain, excommunicating, wouldn't, it's, Jessica Melanson, We've, Tom, Jerry, I'm Organizations: Service, Business, Getty, ISIS Locations: Pennsylvania, Lancaster County , Pennsylvania, America, Iraq, Dnipro, Ukraine, Philadelphia, Syria, Bolivia, Idaho
☆ Amazon aggregators Branded and Heyday plan to merge as once-booming industry continues to shrink
  + stars: | 2024-08-26 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com   time to read: +3 min
Amazon aggregators Branded and Heyday plan to merge, CNBC has learned, as a segment of the e-commerce industry that boomed during the Covid era continues to consolidate. The new name will be officially rolled out in the coming days, and the combined companies are expected to generate annual revenue of $400 million, Rymarz wrote. Heyday and Branded are part of the crowded and turbulent market of Amazon seller aggregators. Prior to the deal with Paris-based Branded, Heyday explored a possible tie-up with Dragonfly, whose backers include L Catterton, before the talks fell apart, CNBC previously reported. WATCH: What's behind the hype and billion-dollar aggregators buying Amazon sellers
Persons: Sebastian Rymarz, Rymarz, Aggregators, Jared Kushner's, highflier Thrasio, aggregators Organizations: CNBC, Apollo Global Management, BlackRock, Bloomberg, Companies, Jared Kushner's Affinity Partners Locations: New York, Silicon Valley, BlackRock, Paris
☆ China’s earnings season is wrapping up. How to play what’s next
  + stars: | 2024-08-25 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +3 min
Major Chinese companies' latest quarterly reports reinforce how the local market is one for stock pickers. Another Chinese stock with growing exposure to overseas growth is Temu parent PDD Holdings , which is scheduled to report earnings before the U.S. market open on Monday. As of Friday, PDD held the second-largest weighting in CoreValues Alpha Greater China Growth ETF (CGRO). That gives the ETF managers timely information to move in and out of Chinese stocks. CGRO holds just over 30 Chinese companies that meet criteria such as "not compromising American tech, economic interests or values" or appearing on U.S. sanctions lists, according to the ETF's website.
Persons: Lorraine Tan, Morgan Stanley, Laura Wang, PDD, Tencent, Ben Harburg, CoreValues, Harburg, CGRO, We've, we've, you've, — CNBC's Michael Bloom Organizations: Morningstar, CNBC, GDS Holdings, PDD Holdings, China Growth, CoreValues Alpha, U.S, KraneShares CSI China Internet Locations: Asia, Morgan Stanley China, U.S, China, Hong Kong, Malaysia, Alpha, Beijing, Japan, India
☆ I fell for my neighbor, and he's now my boyfriend. We struggle with boundaries since we live so close to each other.
  + stars: | 2024-08-24 | by ( Isabel Ravenna | ) www.businessinsider.com   time to read: +5 min
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Whenever I get asked this, I always give a short and sweet answer: "He moved in next door to me." AdvertisementBut when a stranger moved into an apartment next door, it was the start of something special. But that was technically the first time I met Greg. Our situation demands unique conversations, and while they may be unconventional, they're exactly what makes our bond so strong.
Persons: —, Greg, He'd, Meredith Grey, smoothie, I'd, it's Organizations: Service, Business
☆ Burning Man ticket sales have slowed for the first time since 2011. Here are the famous CEOs and billionaires who have attended in the past.
  + stars: | 2024-08-24 | by ( Becky Peterson | Jordan Hart | Kylie Kirschner | ) www.businessinsider.com   time to read: +1 min
Burning Man is a desert-based arts festival that's become the playground of business elites. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEvery year around this time, tens of thousands of people descend upon Black Rock City, Nevada to attend Burning Man, but the soaked campgrounds and long traffic lines experienced 2023 might deter the famous billionaires and CEOs who are known to go. Burning Man kicks off on Sunday, but tickets still haven't sold out. This story is available exclusively to Business Insider subscribers.
Persons: that's, It's, — Organizations: Service, CBS, Business Locations: Rock City , Nevada
☆ After traveling to all 50 US states, these are the 6 major cities I have no plans to return to
  + stars: | 2024-08-24 | by ( Emily Hart | ) www.businessinsider.com   time to read: +1 min
After traveling to all 50 US states, I've been to my fair share of major cities. Although I've loved a handful of the cities, there are some I don't plan on visiting again. I've visited all 50 states and have spent my fair share of time in nearly every major city in the United States. Even though I generally gravitate toward more remote, outdoor-recreation-focused locales, there are a handful of cities I always enjoy visiting. Here are the six major US cities that I have no plans to return to.
Persons: I've, —, I'm, haven't Organizations: Service Locations: Las Vegas , Miami, Boston, Phoenix, United States
☆ I'm quitting my job at a big tech company to travel. Hustle culture is overrated — I'm taking a year off.
  + stars: | 2024-08-23 | by ( Maria Noyen | ) www.businessinsider.com   time to read: +6 min
Read previewThis as-told-to essay is based on a conversation and emails with Nadia Said, a 25-year-old IT project manager at a major tech company where she started working full-time in 2020. When I was in my second year at Temple University, I got the opportunity to work at my company as an intern. Nadia Said, 25, is putting her burgeoning career in tech to focus on her mental health and passion for travel. I was talking to a friend who was working at a tech company. My big fear is that when I come back, I'm going to be ready to get a job and there won't be one available for me.
Persons: —, Nadia Said, Said, Hannah Vy Nguyen, ED JONES, what's, haven't, it's, I'm, I've Organizations: Service, Business, Temple University, Google, Microsoft, Getty Locations: Asia, South Korea, Europe, India
☆ Gold is outperforming tech stocks this year, and investors should keep buying, BofA says
  + stars: | 2024-08-23 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +2 min
Bank of America strategist Michael Hartnett advises buying gold amid record-high prices. Gold's year-to-date rally of about 20% is outperforming US tech stocks. AdvertisementInvestors should buy gold even as the metal hovers around record-high prices, according to Bank of America investment strategist Michael Hartnett. AdvertisementHartnett noted that gold is the only asset that's outperforming US tech shares. AdvertisementThe juxtaposition of record-high gold prices and negative outflows is "explained only by unprecedented central bank buying," Hartnett said, adding China's central bank was the largest buyer of gold in 2023.
Persons: Michael Hartnett, Hartnett, —, haven't Organizations: of America, stoke, Service, Bank of America, Federal Reserve, 2nd
☆ The bullish drivers of the market haven't changed, says Ned Davis' Ed Clissold
  + stars: | 2024-08-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bullish drivers of the market haven't changed, says Ned Davis' Ed ClissoldEd Clissold, Ned Davis Research chief U.S. strategist, joins 'Closing Bell' to discuss the Fed and his market outlook.
Persons: Ned Davis, Ed Clissold Ed Clissold Organizations: Ned Davis Research
☆ AI copilots are making internal breaches easier and costlier to defend against
  + stars: | 2024-08-23 | by ( Rachel Curry | ) www.cnbc.com   time to read: +7 min
At least, that's what data security experts like Matt Radolec, vice president of incident response at data security company Varonis, say. "Copilots have pass-through permissions," Radolec said. There's also value in proceeding at a slow and steady pace with gen AI processes. Instead, Ensono is developing its own tool so the company can better enable and control its data security. Gen AI has made cybersecurity mistakes costlier, and insiders now pose a bigger threat — malicious or otherwise — than ever before.
Persons: Matt Radolec, GitHub, Salesforce's Einstein, Radolec, it's, they've, Shawnee Delaney, Uber, Delaney, Meredith Graham, I'm, Graham, costlier Organizations: Istock, Getty, Vaillance Group, Defense Intelligence Agency, Merck, Microsoft Locations: —
☆ 'Was my Social Security number stolen?' Answers to common questions on the National Public Data breach
  + stars: | 2024-08-23 | by ( Lorie Konish | ) www.cnbc.com   time to read: +6 min
Glowimages | Getty ImagesYou may have never heard of National Public Data, yet your personal information may have been compromised in the company's recent massive data breach. National Public Data did not return a request for comment by press time. Can you be affected even if you've never heard of National Public Data? Sites like National Public Data may allow for individuals to opt out of being included in their data collections. Additionally, identity theft monitoring tools will let you know if someone tries to open an account using your personal information.
Persons: James E, Lee, it's, you've, Cliff Steinhauer, Steinhauer, — Organizations: Public Data, Jerico Pictures Inc, National, Theft Resource, Finance, Social Security, National Public, Public, National Cybersecurity Alliance, Social Locations: Maine, U.S
☆ I went to Venice for the first time. I loved it, but I won't go back due to the massive crowds.
  + stars: | 2024-08-23 | by ( Joey Hadden | ) www.businessinsider.com   time to read: +1 min
Tourists flock to Venice, Italy, for its canals and historic architecture, causing overtourism. I visited Venice in 2022 and saw how mass tourism negatively impacts residents, so I won't return. Go to newsletter preferences Thanks for signing up! You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementThe reasons tourists travel to Venice, Italy, are obvious.
Persons: —, haven't Organizations: overtourism, Service, Business Locations: Venice, Italy
☆ I've been to North Korea more than 180 times. Here's how tourists can stay out of trouble.
  + stars: | 2024-08-23 | by ( Hannah Abraham | ) www.businessinsider.com   time to read: +7 min
The first time I went to North Korea, I thought I knew what to expect. AdvertisementIn the two decades since then, I've visited North Korea more than 180 times on various tours and trips — perhaps the most of any Westerner. Pictured with a North Korean tour guide in front of a statue of North Korean leader Kim Il Sung in Pyongyang. Steer clear of comparisons to South KoreaA lot of tourists who come to North Korea have experience in South Korea as well (it's not true that visiting South Korea makes it difficult to enter North Korea). Simon's travel documents on his 180th trip to North Korea - boarding pass for Pyongyang, DPRK visa, and a well-used passport.
Persons: —, Simon Cockerell, I've, Kim Il Sung, you've, — it's, Kim Jong, I'm, they're, Simon, Joss Stone, Steer, haven't, it's Organizations: Service, Business, Pyongyang Airport, South Locations: Koryo, North Korea, Beijing, China, Russia, —, Korean, Pyongyang, Korea, South Korea, DPRK
☆ Bronfman's Paramount bid could keep Shari Redstone involved at the company
  + stars: | 2024-08-23 | by ( Alex Sherman | ) www.cnbc.com   time to read: +3 min
Edgar Bronfman Jr.'s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful. Both Bronfman's bid and Skydance's bid would also include money to buy out a percentage of Paramount Global common shareholders. At $6 billion, Bronfman's bid would give cash to about 20% of Class B holders at $16 per share. The Paramount Global special committee will determine if Bronfman's offer is a superior proposal for shareholders by Aug. 28. Spokespeople for Redstone, Bronfman, the Paramount Global special committee and Skydance all declined to comment.
Persons: Edgar Bronfman Jr, Shari Redstone, Bronfman, Sumner Redstone, Bronfman's, Skydance, Jon Miller, Skydance . Miller, —, Jason Ostheimer, Miller, Shari Redstone haven't, David Ellison Organizations: Paramount Global, Paramount, National Amusements, Skydance Media, Skydance, Redstone, Bronfman Locations: Bronfman, Miller, Redstone
☆ Venting about mutual friends may make you more likable. But it can also backfire.
  + stars: | 2024-08-22 | by ( Julia Pugachevsky | ) www.businessinsider.com   time to read: +4 min
When done as a way to work through friction with someone else or bond with a friend, venting can be helpful, she said. Because the study also found that venting in an aggressive or antagonistic way can actually cost you friends. Wilson said that how you vent makes a difference in how relatable it feels to the person you're venting to. To a mutual friend, "you're not a safe person if you're just purely gossiping to put someone else down," she said. It's one thing if you want to get a gut check from a mutual friend or brainstorm ways you can resolve an issue, Wilson said.
Persons: haven't, Abby Wilson, LCSW, Wilson Organizations: Service, Business
☆ VMware customers report massive price increases since Broadcom takeover: 'Feels quite a bit like being held for ransom'
  + stars: | 2024-08-20 | by ( Rosalie Chan | Ashley Stewart | ) www.businessinsider.com   time to read: +10 min
AdvertisementVMware customers report seeing massive price increases since Broadcom acquired VMware late last year, with some paying as much as 10 times as much for the same services. VMware price hikesDave Russell, senior vice president and head of strategy at Veeam, said his company saw a 300% price increase in the VMware products it's using. Hinkley said CloudBolt's customers have seen VMware price increases ranging from 140% to 600%. Hinkley said longtime VMware customers have spent years developing code and automation processes in their IT infrastructure specifically for running VMware products. Similarly, Virtuozzo CEO Alex Fine said over 200 providers approached his company as a result of the price increases.
Persons: —, Craig Hinkley, Rick Vanover, David Rowe, Dave Russell, he's, Russell, Hinkley, they'd, Forrester, Rowe, We've, Steve Tuck, Renee Wells, Wells, Alex Fine, We're, Fine, Rajiv Ramaswami, Ramaswami, Rosalie Chan, Ashley Stewart Organizations: VMware, Service, Broadcom, VMware's, Microsoft, Gartner, Oxide Computer, Rimini, Dell, Nutanix Locations: Rimini, rosal
☆ I'm a mom of 4 and have done back-to-school shopping for over a decade. These are the 3 things I've learned.
  + stars: | 2024-08-20 | by ( Nicole Johnson | ) www.businessinsider.com   time to read: +6 min
Read previewBack in the 80s and 90s, school shopping seemed straightforward and relatively inexpensive. As the parent of four children who's been back-to-school shopping for over a decade, I have realized the real key to surviving this time of year is being creative. With two in middle school and two in college, back-to-school shopping costs me almost as much as (if not more than) our family's most expensive holiday, Christmas. If nothing works out from last year's clothing, many secondhand stores will buy the kid's clothes that no longer fit. If they choose to spend more on school supplies, it will impact the amount they are allowed to spend on clothes.
Persons: —, I'm, who's, I've, haven't Organizations: Service, Business, Local, Facebook, Nike
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