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In fact, a stock market sentiment model from the firm called the Levkovich Index has now reached euphoria levels, which typically heralds a fall in equities, the firm's U.S. equity strategist Scott Chronert wrote in a Thursday note. On a median basis, that gauge suggests equities could decline 8.9% over the next 12 months, a drop that would put the S & P 500 around 4,780. The broad market index was last above the 5,200 level, having already breached Chronert's 5,100 year-end target. .SPX YTD mountain S & P 500 Chronert is not the only one concerned about a stock market pullback from current levels. Last week, the S & P 500 information technology sector was down 1.26%.
Persons: Scott Chronert, Chronert, CNBC's, turing, BTIG's Jonathan Krinsky, Krinsky, Citigroup's Chronert Organizations: Citigroup, NYSE
For Chipotle, it's the first stock split in the company's 30-year history, and its announcement echoed Walmart's. Both are hoping, through the availability of an employee stock purchase plan and financial education, they'll get more workers to invest. Chipotle, even further out on the market chart, has shares nearing $3,000 — its stock split is to be effective June 26. ESPP versus fractional sharesEven without a stock split, employees could have already purchased shares of their company, or at least fractional shares, through a brokerage account. Company stock and financial educationSplitting a stock and having a generous ESPP can only go so far when it comes to encouraging employees to buy the company stock.
Persons: they'll, Michael Kestenbaum, Chipotle, Dan Kapinos, Clemens Kownatzki, Aalap Shah, Pearl Meyer, SoFi, Kownatzki, Larry Fink, Kestenbaum Organizations: Walmart, Companies, West Coast, Google, Pepperdine Graziadio Business, Khan Academy, Lyra Health Partners, Bank of America, Employees Locations: Aon
But a Malibu couple's struggle to build an ADU shows how local governments are standing in the way. Jason and Elizabeth Riddick have been trying to build an ADU in their backyard in the pricey coastal enclave since July 2020. So they applied for a permit from the city to build a small ADU and a minor addition to their existing house. So the Riddicks sued the city and in July 2022, a Los Angeles County Superior Court judge sided with the couple. Again, the city appealed the decision, this time to the state supreme court this month.
Persons: , Elizabeth Riddick, Elizabeth, they've, Elizabeth said, Jason, David Deerson, Deerson, they're, ADUs Organizations: Service, Business, Malibu Times, Pacific Legal Foundation, New, New York City Locations: California, Los Angeles, LA County, New York
Most Jewish men are required to serve nearly three years in the military, followed by years of reserve duty. Netanyahu asked the court Thursday for a 30-day extension to find a compromise. Israel’s Channel 12 reported Friday that the state provides only 7.5% of all funding for the institutions. “Without the Torah, we have no right to exist," said Yitzchak Goldknopf, leader of the ultra-Orthodox party United Torah Judaism. But the powerful bloc of ultra-Orthodox parties — longtime partners of Netanyahu — want draft exemptions to continue.
Persons: , Benjamin Netanyahu's, Netanyahu, David Ben Gurion, Anshel Pfeffer, Israel's, , , Aryeh Deri, Haredim, Yitzchak Goldknopf, NETANYAHU, Benny Gantz, Netanyahu — Organizations: JERUSALEM, Jewish, Haaretz, Shas, Cabinet Locations: Gaza, Israel, Jewish
Business Insider has verified Youngblood's identity and former work for Spark. That's when I got a "pre-adverse action" email from Spark, which had found out after running a background check. If you're going to deactivate somebody, you need to say what the grounds are. If I was delivering for Spark and I caused an accident, I would not fight it at all. Walmart doesn't insure me or my car or anything, so they can't claim that I'm going to cost them more going forward.
Persons: , Adrian Youngblood, Walmart's, I've, that's Organizations: Service, Business, Walmart Locations: an Ohio
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at results from our business, tech, and innovation bracket and voting on the semifinal matchups . In case you missed it, we created a bracket with eight of the biggest topics in business, tech, and innovation . But social media has been around so long, it's truly embedded in our DNA. Former employees are suing the social media agency that manages OnlyFans accounts for top influencers like Tana Mongeau and Abby Rao.
Persons: , it's, Chelsea Jia Feng, Let's, BlackRock's Larry Fink, Joe Biden, Donald Trump, We've, Ray Dalio, Xi Jinping, LEI, Julio Cortez, Marissa Mayer's, Sam Bankman, Fried, Lewis Kaplan, Tana Mongeau, Abby Rao, Cowboy Carter, Dan DeFrancesco, Grace Lett, Lisa Ryan Organizations: Service, Business, Boomers, Getty, Bridgewater Associates, Walmart, BI, Amazon, ChatGPT, Yahoo, didn't Locations: China, Bankman, New York, Chicago
Alaska Airlines failed to put a dog on a flight from Raleigh-Durham to Seattle with his owner, WRAL reported. AdvertisementA passenger flew back to Raleigh-Durham International Airport to help search for her dog that escaped after Alaska Airlines failed to put him on a flight to Seattle with her. "Due to a misstep in the loading process, the dog did not make the trip," an Alaska representative told the outlet. "When it was time to load it into the crate, it pulled away, shook loose from its collar and ran away," the Alaska Airlines representative said. The owner flew all the way back to Raleigh from Seattle to join the search for the dog on a flight paid for by Alaska Airlines, per WRAL.
Persons: WRAL, Organizations: Alaska Airlines, Service, Durham International Airport, Airport, Fox Business Locations: Raleigh, Durham, Seattle, Alaska
Eleven GOP state attorneys general filed a lawsuit to block the SAVE income-driven repayment plan. They argued that the shortened timeline for debt relief through the plan is unconstitutional. An Education Department official said Congress allows the authority to set terms for income-driven repayment. While the lawsuit makes several comparisons to the debt relief plan the Supreme Court struck down, the legal basis for the two plans differ. The Education Department is currently undergoing the negotiated rulemaking process for its second attempt at a broader form of debt relief.
Persons: , Joe Biden's, Kris Kobach —, Miguel Cardona, Biden's, Biden, Kobach, Harris Organizations: GOP, An Education Department, Service, Biden, Education, Republican, Education Department, Business, US Department of Education, Harris Administration, Higher Locations: Kansas
Walmart's internal systems had more than a dozen "major incidents" in the last two months alone. An additional two major incidents occurred this past weekend, the person said. Walmart's global technology platform runs the retailer's core business operations, including in-store point-of-sale systems, e-commerce, and distribution and fulfillment centers. Internal emails obtained by BI show that Walmart's business is interrupted by issues with its global tech platform at a far more frequent rate than previously reported. Last year, Walmart spent $11.8 billion on supply chain, customer-facing initiatives, and technology, according to a recent SEC filing, up from $9.2 billion the year before.
Persons: Mark Cohen, Daniel McCarthy, Jessica Ramírez, Jane Hali, " Ramirez, Cohen, Ellen Thomas Organizations: Walmart's, Business, BI, Walmart, Street, Amazon, SEC, Columbia Business School, Emory, Goizueta Business
I had my first all-inclusive vacation at Thatch Caye in Belize. AdvertisementMinutes ticked by while my friend and I waited for a boat to take us to Thatch Caye, an all-inclusive resort on a private island in Belize. A bird's-eye view of the Thatch Caye resort. AdvertisementWhile I knew once I got to the all-inclusive resort, I wouldn't want to leave, I didn't think about when I arrived. But for a future all-inclusive stay, I won't miss out on a minute of my resort reservation.
Persons: , Monica Humphries, could've Organizations: Service, Muy'Ono Resorts, Travel Locations: Belize
The Francis Scott Key Bridge collapse has blocked shipments in and out of the Port of Baltimore. The port is a key shipping point for cars, construction and farm equipment, and coal. The Port of Baltimore is the top US port for roll-on/roll-off cargo, like cars and construction machinery. halbergman/Getty ImagesCoal, gypsum, and sugarIn 2022, coal was among the top export commodities by weight moved through the Port of Baltimore. A research briefing from Oxford Economics said the bridge collapse will likely have a greater impact on the local Baltimore economy than on a national level.
Persons: Francis Scott Key, , Dali, Daraius Irani, Anirban Basu, Ford, Basu, Domino, Sugar, Irani Organizations: Service, Industry, Regional Economic Studies, Towson University, Sage Policy, General Motors, Caterpillar, Port, Baltimore Refinery, Oxford Economics Locations: Port of Baltimore, Port, Baltimore, Patapsco, India, West Virginia
HARRISBURG, Pa. (AP) — A requirement for Pennsylvania voters to put accurate handwritten dates on the outside envelopes of their mail-in ballots does not run afoul of a civil rights law, a federal appeals court panel said Wednesday, overturning a lower court ruling. A divided 3rd U.S. Circuit Court of Appeals ruled to uphold enforcement of the required date on return envelopes, a technical mandate that caused thousands of votes to be declared invalid in the 2022 election. A lower court judge had ruled in November that even without the proper dates, mail-in ballots should be counted if they are received in time. U.S. District Judge Susan Paradise Baxter said the envelope date is irrelevant in helping elections officials decide whether a ballot was received in time or if a voter is qualified.
Persons: Susan Paradise Baxter, Judge Thomas Ambro, , ” “, Ambro, ” Ari Savitzky, Organizations: Pennsylvania, Circuit, Electoral College, U.S, Assembly, Civil Liberties Union of Pennsylvania, Republican, Republican National Committee Locations: HARRISBURG, Pa, Pennsylvania,
A recent global report found a decline in young people's happiness in North America. That's upending the idea that happiness in life follows a U shape. In North America, it now looks more like a J. Related storiesShe added that "younger adults in North America also reported lower levels of trust in the government, higher levels of concerns around corruption. AdvertisementThe idea of dual peaks in contentedness came from a 2010 article in The Economist called "The U-bend of life."
Persons: That's, , Laura Aknin, Aknin, They're, Vivek Murthy, Christopher Wong Michaelson, Thomas Organizations: Service, Gallup, US, University of St, New York University Locations: North America, contentedness, Finland, Czechia, Lithuania, Slovenia
BERLIN (Reuters) - Germany's centre-left ruling coalition and the main conservative opposition have agreed a draft law to protect its highest court, the Rheinische Post newspaper reported on Thursday, at a time of growing concern about the strength of the far-right AfD party. The anti-establishment, nationalist party is already under state surveillance on suspicion of being extremist and anti-constitution. The AfD rejects allegations it is undemocratic and has said the Constitutional Court, which is appointed by parliament, is biased and closely linked with the government. The 12-page draft law will incorporate the mandate of the Federal Constitutional Court into the constitution, the Rheinische Post reported, with the aim of enshrining its independence with the following passage:"The decisions of the Federal Constitutional Court bind the constitutional bodies of the federal and state governments as well as all courts and authorities." Photos You Should See View All 60 Images"All of these regulations are therefore exempt from change with a simple majority in the future," the Rheinische Post added, quoting the draft legislation.
Persons: Riham, Mark Heinrich Organizations: BERLIN, Rheinische Post, Constitutional, Federal Constitutional Court, Federal, Court
LOS ANGELES (AP) — A judge has recommended that conservative attorney John Eastman lose his California law license over his efforts to keep former President Donald Trump in power after the 2020 election. State Bar Court of California Judge Yvette Roland's recommendation, issued Wednesday, now goes to the California Supreme Court for a final ruling on whether he should be disbarred. The California State Bar is a regulatory agency and the only court system in the U.S. that is dedicated to attorney discipline. Eastman has been a member of the California Bar since 1997, according to its website. He ran for California attorney general in 2010, finishing second in the Republican primary.
Persons: , John Eastman, Donald Trump, Eastman, Mike Pence, Joe Biden’s, Yvette Roland's, Randall A, Miller, didn't, Trump, , He's, Jack Smith, ” Eastman, Pence, Biden, Trump’s, Clarence Thomas Organizations: ANGELES, Bar Court, California Supreme, California State, U.S . Capitol, Trump, Prosecutors, California Bar, Supreme, Center, Constitutional, Claremont Institute, Republican, Chapman University Locations: California, U.S, Georgia, Southern California
Experts told Business Insider that the port alone contributes $15 million in daily economic activity, which will come to a near standstill "until further notice." While some cargo will have to wait, container ships can largely be rerouted to other east coast locations. Ryan Peterson, the CEO of global logistics firm Flexport, told Business Insider that 800 containers of his were destined for Baltimore, and are now being rerouted. And it's unclear whether East Coast ports will have enough available capacity to absorb Baltimore's container volume, Petersen said. A risk for Baltimore will be whether those route changes are temporary, or if they'll have a lasting impact on the port's business.
Persons: , Baltimore's Francis Scott Key, Port, Anirban Basu, It's, Basu, Daraius Irani, Ryan Peterson, Petersen, we're, Martin Dresner Organizations: Service, Business, Sage Policy, Regional Economic Studies, Towson University, University of Maryland's Smith School of Business Locations: Port of Baltimore, Baltimore, East Coast, West Coast
Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court on August 11, 2023 in New York City. Michael M. Santiago | Getty ImagesHeather Ferguson's son lost approximately $130,000 in cash when crypto exchange FTX went bankrupt in November 2022. Ferguson's letter is part of an eleventh hour push by the defense to appeal to Kaplan's sense of leniency as the judge gears up for Bankman-Fried's sentencing hearing on Thursday. Bankman-Fried's psychiatrist, George Lerner, told Judge Lewis Kaplan in a letter in August that the former FTX CEO has a history of depression and attention-deficit/hyperactivity disorder. Without his medication, Lerner warned the judge, "Bankman-Fried will experience a return of his depression and ADHD symptoms and will be severely negatively impacted in his ability to assist in his own defense."
Persons: Sam Bankman, Fried, Michael M, Heather Ferguson's, Ferguson, District Judge Lewis Kaplan, Yesha Yadav, Dean, Kaplan, George Lerner, Lewis Kaplan, Lerner, Maria Centrella, Asperger's, Judge Kaplan, Michael Lewis's, Sam I, , Centrella, Joe, Sam, Matt Kelly, Kelly Organizations: Manhattan Federal Court, Santiago, Getty, District, Alameda Research, Vanderbilt University, CNBC, Bankman, Autism, MIT Locations: New York City, Manhattan
But a new report suggests we don't know whether organized retail crime is a big problem or not. "Organized retail crime," "retail theft," and similar terms don't correspond with categories that local police departments use to categorize crimes, Hanna Love, a fellow at Brookings, told Business Insider. It's unclear what makes organized retail crime "different than, say, other instances of shoplifting" from a data perspective, Love said. The NRF has said that it took back the estimate due to an error by an outside analyst who contributed to its report on organized retail crime. About fourteen states passed new laws on retail theft in 2022 and 2023, Stateline reported in December.
Persons: , Hanna Love, Love, James Kehoe, William Blair, Target's, it's, Sebastian, Stateline Organizations: Walmart, Walgreens, Service, Target, National Retail Federation, Brookings Institution, Brookings, Retail, The New York Times Locations: States, Brookings, San Francisco, Indiana, Fairfax , Virginia
The Port of Baltimore is closed "until further notice" following the collapse of a major bridge. Experts say the closure alone will bring some $15 million of daily economic activity to a halt. Experts told Business Insider that the port alone contributes $15 million in daily economic activity, which will come to a near standstill "until further notice." While some cargo will have to wait, container ships can largely be rerouted to other east coast locations. And it's unclear whether East Coast ports will have enough available capacity to absorb Baltimore's container volume, Petersen said.
Persons: , Baltimore's Francis Scott Key, Port, Anirban Basu, It's, Basu, Daraius Irani, Ryan Peterson, Petersen, we're, Martin Dresner Organizations: Service, Sage Policy, Regional Economic Studies, Towson University, University of Maryland's Smith School of Business Locations: Port, Baltimore, Port of Baltimore, East Coast, West Coast
My Apple Vision Pro nightmare
  + stars: | 2024-03-26 | by ( Albert Fox Cahn | ) www.businessinsider.com   time to read: +12 min
So when the Apple Vision Pro arrived, I was giddy with excitement to dive into the type of toy I'd dreamt of since childhood. The Vision Pro tries to answer the question of how you can use a computer without a mouse or keyboard. Apple Vision Pro marks the foundation of a new architecture of total digital isolation. Apple touted your ability to use the Apple Vision Pro to connect to your laptop, simulating a screen for your device. In the end, I followed the path of so many other Vision Pro early adopters and became an early returner.
Persons: Apple's, it's, peck, Apple, audibly, hadn't, Newton, keystroke, I've, I'd Organizations: Sony, Apple Vision Pro, Vision, Apple, Department of Justice, Disney, Cupertino colossus Locations: New York
Late-night host Stephen Colbert wished Kate Middleton well in her battle with cancer Monday night. Colbert's remarks came after he amplified unsubstantiated theories about Kate's public absence. Colbert said he made jokes about Kate's absence because "everybody" was talking about it. AdvertisementStephen Colbert offered his "well wishes" to Kate Middleton while she undergoes treatment for cancer, two weeks after he lent credence to conspiracy theories about her public absence. Colbert, 59, responded to Kate's cancer diagnosis on Monday night's episode of "The Late Show."
Persons: Stephen Colbert, Kate Middleton, Colbert's, Colbert, , Prince William, Sarah Rose Hanbury Organizations: Service, Business
The steel frame of the Francis Scott Key Bridge sits on top of the container ship Dali after the bridge collapsed, Baltimore, Maryland, on March 26, 2024. At the time of the collision, the vessel had two pilots from the Port of Baltimore on board. The steel frame of the Francis Scott Key Bridge lies in the water after it collapsed in Baltimore, Maryland, on March 26, 2024. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. "The collapse of the Baltimore bridge primarily affects coal exports from CNX and CSX terminals," said Madeleine Overgaard, dry market data manager for the global trade data platform Kpler.
Persons: Francis Scott Key, Dali, Roberto Schmidt, Paul Brashier, Brashier, Goetz Alebrand, Wes Moore, Larry, Richard Meade, Meade, Kena Betancur, Andy Lipow, Lipow, Helen Delich Bentley, Judah Levine, Madeleine Overgaard, Levine, Tasos Katopodis Organizations: Afp, Getty Images Logistics, Port, Eastern Seaboard, ITS Logistics, Getty, Americas, DHL Global, Maryland Gov, Baltimore, AFP, Uber Freight, IKEA, Lipow Oil Associates, Maersk, Freightos, CSX, East, Francis Scott Key Bridge Locations: Baltimore , Maryland, Baltimore, New York, New Jersey, Norfolk, Port of Baltimore, Colombo, Sri Lanka, Port, American, Taicang Port, Suzhou, China's, Jiangsu, East Coast, Norfolk , Virginia, Maryland, Midwest, New England, Virginia, North East , Maryland, Gulf Coast, Philadelphia, Suez, CNX, Freightos, Asia, U.S
The Thatch Caye resort in Belize offers a luxury vacation where small details are taken care of. Instead, it'd be carted off to my overwater bungalow without me lifting a finger. A Thatch Caye worker brings the author's luggage to her overwater bungalow. A view of the interior of the overwater bungalow on Thatch Caye. Monica Humphries/Business InsiderOther hidden details made me feel good about staying at Thatch CayeThe other hidden details throughout the trip help Thatch Caye focus on sustainability.
Persons: , Monica Humphries, I've, it's Organizations: Service, BI, Forbes, Gatorade Locations: Belize, Dangriga, Aspen , Colorado, Sydney
Standard Chartered CEO Bill Winters met with the head of China's foreign exchange regulator on Monday, a month after the bank suspended new investments by its clients in the country into offshore products via a quota-based channel. "We have confidence in China's continued financial sector opening and economic transition," Winters said. "The inauguration of SCSCL will enhance Standard Chartered's ability to serve clients domestically and internationally, deepening and diversifying our capabilities in China". StanChart started hiring staff in China since 2023 as it geared up to launch the investment banking unit targeting niche bond deals, chairman of the unit said last year. Blackstone's Schwarzman held a meeting on Monday with the chief secretary of Communist Party of China, Cai Qi, a statement from China's Ministry of Foreign Affairs shows.
Persons: Bill Winters, Winters, Zhu Hexin, StanChart, Zhu, China's, StanChart's Winters, Noel Quinn, Blackstone's Schwarzman, Cai Qi, Cai Organizations: China's, Administration of Foreign Exchange, SAFE, Standard Chartered Securities China, China Development, Communist Party of China, China's Ministry of Foreign Affairs Locations: London, China, U.S, Los Angeles
I've stayed at all-inclusive resorts around the world and seen first-timers make the same mistakes. AdvertisementVacationing at an all-inclusive resort is very appealing for many travelers — and with good reason. As a travel writer, I've been to dozens of all-inclusive resorts in the Caribbean, Mexico, the Maldives, and more. Not tippingSpeaking of tipping, I'm well aware that some all-inclusive resorts invite guests to "leave their wallets at home." AdvertisementOrdering drinks wrongYou have access to lots of drinks at all-inclusive resorts, but not all of them are good.
Persons: I've, , Kelly Magyarics, you've, Stanley Organizations: Service, tote Locations: Caribbean, Mexico, Maldives
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