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☆ I gave up my 6-figure journalism job to become a high school teacher. It was a huge culture shock — and nothing like 'Dead Poets Society.'
▼ + stars: | 2023-07-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +6 min

She gave up her six-figure salary to retrain as a teacher and set up the charity Now Teach. My mum was a great school teacher and when she died when I was in my forties I briefly thought about becoming a teacher like her. Ten years later when my dad died, I thought I needed to do something radical with the time I had left of my working life. So for me to leave readers with the impression that my life is like "Dead Poets Society" couldn't be further from the truth. I knew from writing about working life that many people in their fifties who were lawyers or worked in other corporate roles get bored with it and want to do something more useful.

Persons: Lucy Kellaway, I've, we've, We've Organizations: Financial Times, Service, JPMorgan, Oxford University, View, Poets Society, Penguin Locations: Wall, Silicon, Gateshead, England, Bracken House, City of London, Hackney, London

☆ UN starts removing oil from decaying tanker near Yemen in Red Sea
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

U.N. officials have been warning for years that the Red Sea and Yemen's coastline was at risk as the Safer tanker could spill four times as much oil as the 1989 Exxon Valdez disaster off Alaska. "The ship-to-ship transfer of oil which has started today is the critical next step in avoiding an environmental and humanitarian catastrophe on a colossal scale." The oil transfer is expected to take 19 days to complete, the United Nations' Development Programme (UNDP) said in a statement. "We are obviously very cautious – it's only the beginning of a transfer," UNDP spokesperson Sarah Bel told a Geneva press briefing when asked about the operation's risks. "The cost of an oil spill is estimated to be approximately $20 billion, and it will take years to clean up," she added.

Persons: Antonio Guterres, Sarah Bel, Nadine Awadalla, Nayera Abdallah, Emma Farge, Clauda Tanios, Louise Heavens, Jan Harvey Organizations: United Nations, Programme, UNDP, Thomson Locations: DUBAI, GENEVA, Alaska, Yemen, Geneva, Dubai

☆ The 'Barbie' movie could boost Mattel's stock prices and increase the price of old dolls in your closet, but avid Barbie collectors couldn't care less
▼ + stars: | 2023-07-15 | by ( Colette Fountain | ) www.businessinsider.com time to read: +9 min

Insider spoke to three Barbie collectors who seem unfazed by the potential rise in the dolls' worth. As a collector doing it for love, he told Insider those looking to make money should invest in other things. Antique expert Dr. Lori told Insider she estimates a 25% rise in the doll's value in the build-up to the film's release and immediately afterward. "There are too many elements to the concept of value, and it's rarely just about finance," Yang told Insider. Even if these Barbie collectors were looking to make a quick buck in Gerwig's box office weekend, selling Barbies isn't easy.

Persons: Greta Gerwig's, Jian Yang, Yang doesn't, Yang, Barbie, Margot Robbie, Ryan Gosling, MarketBeat, Lori, Hankwitz, Mattel, Tommy Hilfiger, Gigi Hadid, Calvin Klein, Juno, Teresa, Arjen, Queen Elizabeth, Tina Turner, It's, I've Organizations: Service, Google, Mattel, Warner, Air, Nike, billings, eBay Locations: Wall, Silicon, Singapore, Philadelphia, Netherlands, Poland

☆ Ukraine's spymaster comes out of the shadows
▼ + stars: | 2023-07-14 | by ( Tom Balmforth | ) www.reuters.com time to read: +5 min

For an intelligence chief running Ukraine's spy operations during war with Russia, Kyrylo Budanov, 37, has built up an unusually public profile that he has used to get his message out and to menace Russia from afar. These days, a spy boss cannot stay in the shadows, he says. "It's not possible without this, not anymore," the head of Ukraine's Main Intelligence Directorate (GUR) told Reuters in an interview at his heavily defended headquarters in the capital. The prospect of a spy agency sending assassins to hunt down Ukraine's enemies has drawn comparisons with Israel's Mossad. Budanov began his military career as a special forces operative and served in the east after Russia illegally annexed Crimea and its proxies took over Ukraine's eastern fringes.

Persons: Vladimir Putin, Kyrylo Budanov, GUR, Budanov, Yevgeny Prigozhin, Putin, haven't, Tom Balmforth, Sergiy, Mike Collett, White, Peter Graff Organizations: Kyiv, Ukraine's Main Intelligence, Reuters, Russian Interior Ministry, Thomson Locations: Moscow, Russia, Ukraine, RUSSIA, Russian, Crimea, Rybalskyi

☆ This man set up a removals business with a mini Kei truck that cost just $4,500 – but a new mirror and wiper set him back $600
▼ + stars: | 2023-07-09 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

A Kei truck owner plans to give up his mini pickup as it's too hard and costly to find spare parts. Craig Disbrow's modified Kei truck without covers on the back. He estimates he spent another $3,000 turning it into a mini removal van. It's been enough to make Disbrow begrudgingly plan to give up the Kei truck and find something more common, he said. Do you own a Kei truck and have had problems too?

Persons: Craig Disbrow, Bongo, Kei, he'd, Disbrow, Craig Disbrow's, they're, didn't, It's Organizations: Morning Locations: New York City, North Carolina, New York, America

☆ Chicken made from animal cells in a lab was served at a Michelin-starred restaurant in San Francisco
▼ + stars: | 2023-07-02 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

The first lab-grown chicken has been served in the US at Bar Crenn in San Francisco. Upside Foods partnered with the Michelin-starred restaurant to serve the cultivated chicken. Upside Foods and Just Meat recently received regulatory approval to sell lab-grown chicken. Winners of a social media contest were the first diners to try the cultivated chicken at Bar Crenn, the companies announced. Good Meat is also set to bring its cultivated chicken to customers this year at China Chilcano restaurant in Washington, DC, according to CNN.

Persons: —, Uma Valeti, Bill Gates, Dominique Crenn, Crenn Organizations: Foods, Michelin, Service, Food and Drug Administration, US Department of Agriculture, CNN Locations: San Francisco, China, Washington , DC

☆ Expert who recovered the Titan sub wreckage says ocean exploration is about 'passion and a joy for exploration'
▼ + stars: | 2023-07-01 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Ed Cassano led the team that recovered the wreckage of the Titan sub. Cassano told a press conference that ocean exploration "was a passion and a joy for exploration." Odysseus 6K was the only ROV that took part in the search effort able to reach the depths of the Titanic wreckage. He said that they had prepared to rescue the Titan sub, but it soon became clear that the passengers could not have survived the journey. "Shortly after we arrived on the seafloor, we discovered the debris of the Titan submersible," he added.

Persons: Ed Cassano, 6K, Cassano, —, Hamish Harding, Dawood, Suleman, Paul, Henri Nargeolet, Paul Daly, Jasper Graham, Jones, it's, Graham Organizations: Service, Research Services, Titan, OceanGate, Stockton Rush, US Coast Guard, Canadian Press, AP, & Marine Engineering, Plymouth University Locations: British, Pakistani, French

☆ Wall Street titans including David Rosenberg and Rob Arnott sound off on AI: What they told us about the disruptive technology — from how it will lead to 'permanent displacement' of jobs, to why it's
▼ + stars: | 2023-06-28 | by ( William Edwards | ) www.businessinsider.com time to read: +11 min

AI's impact on the job marketRob Arnott"Every important disruption since the start of the industrial revolution has cost millions of people jobs. Millions of jobs will be lost to those who know how to use AI. "The implications of generative AI on the labor market will be one of upheaval and one of escalating job uncertainty. Are AI stocks in a bubble? Rosenberg"Advancements in AI technology, and its knock-on effects on profitability and productivity, is a legitimate investment thesis.

Persons: David Rosenberg, Rob Arnott, Savita Subramanian, Cam Harvey, Jawad Mian, Jobs, Merrill Lynch, aren't, Rosenberg, Harvey, Arnott, Brad Cornell, Aswath, There's, that's, Savita, –, capex, Mian Organizations: Industries, Investors, Research, Rosenberg Research, North, Bank of America Securities, Duke University, Microsoft, Nvidia, Google, Tech, Software, Services, Professional Services, IT Services Locations: North American, ChatGPT, Asia, Taiwan

☆ This New Yorker says he loves his mini Kei truck, but plans to give it up because finding spare parts is so hard
▼ + stars: | 2023-06-25 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

A Kei truck owner plans to give up his mini pickup as it's too hard and costly to find spare parts. He said he fell in love with the mini Japanese "Kei" truck, but the unexpectedly high costs of replacing broken parts means he's reluctantly planning to give it up. Disbrow's modified Kei truck without covers on the back. He estimates he spent another $3,000 turning it into a mini removal van. It's been enough to make Disbrow begrudgingly plan to give up the Kei truck and find something more common, he said.

Persons: Craig Disbrow, Bongo, Kei, he'd, Disbrow, they're, didn't, It's Organizations: Morning Locations: New York City, North Carolina, New York, America

☆ Ukrainian pilots describe the fear of being outgunned by Russia's air force and implore the West to give them F-16 jet fighters, in CNN interview
▼ + stars: | 2023-06-24 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +4 min

Ukrainian pilots implored the West to supply them with F-16 fighter jets, in a new CNN interview. In a recent interview with CNN, a pilot in the Ukrainian air force said the country's aged Soviet-era Su-25s can't compete with Russia's Su-35s, their radars, and long-range missiles. However, a deputy battalion commander highlighted that strong Russian air force power has made it difficult for Ukrainian forces to advance. "We try to maneuver to avoid them"Two US Air Force F-16 Fighting Falcons US Air Force photo by Tech. A Ukrainian pilot exits a MiG-29 fighter jet at an airbase outside of Kyiv, November 23, 2016.

Persons: —, Russia's Su, Pumba, Matthew Lotz, they're, Danil, Volodymyr Zelenskyy Organizations: CNN, Service, Ukrainian, Territorial Defense Brigade, NATO, US Air Force, Fighting Falcons US Air Force, Tech, West, Getty, Pentagon Locations: Ukraine, Europe, Russia, Ukrainian, Kyiv

☆ Analysts are super bearish on these 13 global stocks and expect them to sink
▼ + stars: | 2023-06-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Then, UBS said in a report titled "Don't be fooled by the latest Tech rally" on June 6 that hedge funds have already begun selling $20 billion to $30 billion worth of global stocks. To that end, CNBC Pro screened over 3,330 large and mid-cap global equities that are part of the FTSE All-World ex-U.S. Index and identified the 13 stocks that analysts are most bearish toward. The table below shows global stocks, covered by at least 10 analysts, with no buy, overweight, or outperform ratings. Vodafone Idea India-listed Vodafone Idea is the most unloved stock in the above table. However, unlike Vodafone Idea, the downside risk is mainly given the stock's recent rally toward its all-time high.

Persons: Morgan Stanley, Wells Fargo's, Ankur Rudra, Rudra, it's, Morgan, Howard Kao, Kao, — CNBC's Michael Bloom Organizations: UBS, Tech, CNBC Pro, FTSE, Vodafone Idea, Vodafone, Reliance Jio, IDEA, Acer, FactSet Locations: Acer Taiwan

☆ Investing in Space: Here are the rockets chasing to compete with SpaceX's Falcon 9
▼ + stars: | 2023-06-08 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +14 min

SpaceXCNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Overview: Chasing the FalconNo rocket has been better-described as a "workhorse" than SpaceX's Falcon 9. Aside from Blue Origin's New Glenn, the early theme is rockets that are close to the capability of Falcon 9 and less expensive. – CNBC, which the lawsuit says were used for NASA projects including the International Space Station and the Space Launch Systems rocket. – Firefly Aerospace: The rocket builder says the deal will bolster its launch, spacecraft, and lunar lander businesses.

Persons: CNBC's Michael Sheetz, Phil Smith, SpaceX's, Glenn, Smith, –, Smith doesn't, CNBC ULA, Tory Bruno, Jeff Bezos, ULA, – Read, Shepard, Bob Smith, Jim Free, Artemis, HawkEye, – Hydrosat, Leonardo DiCaprio, – Momentus, Westinghouse EchoStar's Hughes, – EchoStar, Iris Lan, Sumara Thompson, King, Lan, – NASA Celeste Ford, Ford, – SpiderOak Melissa Quinn, Quinn Organizations: SpaceX CNBC's, SpaceX, Falcon, Boeing, NASA, CNBC, CNBC Department of Defense, Ukraine, Starlink, Pentagon, –, Space Station, Systems, CNBC SpaceX, Cargo, International Space, FAA, Intelsat, Japan Airlines, Embraer, – Intelsat, Rocket, ONE, Washington, Spaceflight, Aerospace, Aerospace Spacecraft, York, MaC Venture Capital, Broom Ventures, Veto, TechCrunch Viasat, Air Force, Viasat, Westinghouse, U.S . Department of Justice, – NASA, Ford, Stellar Solutions Locations: Florida, China, Russia, Colorado, Ukrainian, Bellevue , Washington, Cortado, Cornwall

☆ The US will face a mild recession, but the risk of a 'hard landing' is currently low, Bank of America's chief economist says
▼ + stars: | 2023-06-07 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +3 min

The US economy is currently resilient but will face a mild recession, Bank of America's Michael Gapen said. "Unless bank stress gets worse and a credit crunch is revealed, it's harder to see where that hard landing risk is coming from," he said. A correction of labor-market imbalances is needed to bring inflation back down to the Federal Reserve's 2% target, and that typically looks like a mild recession, Gapen told Yahoo Finance on Tuesday. "The bank stress situation is in stasis – it's not getting a lot better, but it's not getting materially worse. Underneath that, the employment and other spending data show an economy that's generally resilient," he said.

Persons: of America's Michael Gapen, —, Michael Gapen, Gapen, it's Organizations: of America's, Service, Bank of, Yahoo Finance

☆ 'I don't need to dethrone a king': New Lyft CEO says the company can succeed without annihilating Uber
▼ + stars: | 2023-05-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

Lyft CEO David Risher told CNBC's Jim Cramer on Friday he doesn't need to annihilate the competition — namely ride-share behemoth, Uber — to successfully turn around the struggling company. "I don't need to dethrone a king," Risher said, insisting the current market warrants two players because customers and drivers like to have options. "Five years from now, I hope people are no longer asking about Uber and Lyft," Risher continued, "I hope what they're saying is, 'Look what an amazing experience Lyft has created that'll help us get out and live our lives.'" Risher assumed the role of Lyft CEO just under a month ago, taking the reins from one of the company's co-founders, Logan Green. Risher made his name as an Amazon retail executive, joining the company in 1997 as its 37th employee, he told Cramer; he left in 2002.

☆ Lachlan Murdoch says there's 'no change to our programming strategy' at Fox News in wake of Tucker Carlson's firing
▼ + stars: | 2023-05-09 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Lachlan Murdoch told analysts Tuesday that "programming strategy" at Fox News wouldn't change. Murdoch, CEO of Fox Corp. and Rupert Murdoch's son, was involved in Tucker Carlson's firing, Insider reported. Media scion and Fox Corp. CEO Lachlan Murdoch told analysts on Tuesday that it would be programming as usual in the wake of host Tucker Carlson's abrupt firing from the network. Murdoch, the son of News Corp. mogul Rupert Murdoch, said on the company's earnings call that "there's no change to our programming strategy at Fox News. Representatives for Fox Corp. and Fox News did not immediately respond to Insider's request for comment ahead of publication.

☆ How NBA star Damian Lillard turned a common foot injury into a sneaker business
▼ + stars: | 2023-05-07 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

Damian Lillard of the Portland Trail Blazers dribbles against the New York Knicks at Moda Center on March 14, 2023 in Portland, Oregon. That was just one of the multiple foot injuries and issues like plantar fasciitis that Lillard, now an NBA All-Star point guard for the Portland Trailblazers, has dealt with over his playing career. Exacerbating issues related to his flat feet, Lillard said the injuries stemmed from the lack of support he was getting from the standard insoles found in basketball sneakers. A high percentage of sneaker wearers also just use the standard insole that comes with their shoes. "The product has to speak for itself and the people that are putting the insoles inside their shoes," he said.

☆ Warren Buffett's successor Greg Abel is wooing shareholders, but some questions remain
▼ + stars: | 2023-05-05 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

To say that Warren Buffett's successor Greg Abel has big shoes to fill would be an understatement. The vice chairman for non-insurance operations at Berkshire Hathaway recently joined Buffett in Japan to visit the country's top trading houses. Skin in the gameAbel recently loaded up on Berkshire Hathaway shares with his personal assets. Berkshire acquired MidAmerican Energy in 1999, and Abel became CEO of MidAmerican Energy in 2008, six years before it was renamed Berkshire Hathaway Energy in 2014. How does dispute resolution work if there is a dispute," said a Berkshire shareholder, who spoke on the condition of anonymity.

☆ The IRA isn’t good for just U.S. stocks. Here are some emerging markets names that will benefit too
▼ + stars: | 2023-04-23 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

The Inflation Reduction Act does more than buoy U.S. clean energy stocks – it's also an opportunity for emerging markets firms. But the IRA also represents an opportunity for emerging markets firms. "This is a win, win, win," said Paul Desoisa, co-portfolio manager of the Global Emerging Markets strategy at Martin Currie, a specialist investment manager at Franklin Templeton. Here are some places where emerging markets firms stand to benefit. Some possible contenders include Korea's Hanwha Solutions, a multinational with a solar energy business Hanwha Qcells, abrdn's Khwaja said.

☆ Analysis: China's 'atypical' deflation cycle gives central bank a headache
▼ + stars: | 2023-04-19 | by ( Kevin Yao | ) www.reuters.com time to read: +5 min

China GDP"China is entering an 'atypical' deflation cycle, which means deflation amid economic recovery," said Jinyue Dong, senior economist at BBVA research. China's new bank lending hit an all-time high in the first quarter. The central bank cut lenders' reserve requirements ratio (RRR) for the first time this year in March. But analysts say that is largely due to last year's low base caused by COVID-19 curbs that hit consumers the hardest, rather than underlying household demand. Reuters GraphicsNew household loans, mainly mortgages and consumer loans, accounted for 16% of total new loans in the first quarter, despite a jump in mortgages in March, while corporate loans made up for the rest.

☆ Ukrainian PM says critical to start reconstruction in 2023
▼ + stars: | 2023-04-13 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

April 13 (Reuters) - Ukrainian Prime Minister Denys Shmyhal on Thursday welcomed the "continuous, ironclad and unprecedented support" of the United States as his country fights Russia's invasion, and underscored Ukraine's commitment to battling corruption. She said the United States had stood with Ukraine since the first day of the war, and would continue to back it "for as long as it takes." The United States had disbursed significant economic support since the start of the war and would provide more in coming months, on top of security and humanitarian aid, she said. The World Bank, United Nations, European Commission and Ukraine recently estimated it would cost $411 billion to rebuild Ukraine, a big jump from the earlier estimate of $349 billion. Reporting by Dan Burns; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

☆ Texas judge's ruling to ban mifepristone nationwide cites Wikipedia, contains pro-life talking points, and gets basic facts about abortion wrong: Experts say it's 'completely flawed'
▼ + stars: | 2023-04-08 | by ( Katherine Tangalakis-Lippert | Hannah Getahun | ) www.businessinsider.com time to read: +7 min

"So many of the things in this ruling I would say are completely flawed," a researcher told Insider. But an OB-GYN told Insider the judge's interpretation of what the drug does is medically inaccurate. Mifepristone and misoprostol are used before we can even see an embryo on ultrasound," Grossman told Insider. Spreading such misinformation through an official judicial ruling, Biggs said, is "inappropriate, unethical, and jarring." It's definitely not going to help or prevent mental health harm or physical harm as it claims – it's going to do the opposite."

☆ Jamie Dimon says the banking crisis is not over and will cause ‘repercussions for years to come’
▼ + stars: | 2023-04-04 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

Here's what comes next "But importantly, recent events are nothing like what occurred during the 2008 global financial crisis," he added. Stock Chart Icon Stock chart icon JPMorgan Chase, 1-year"Any crisis that damages Americans' trust in their banks damages all banks – a fact that was known even before this crisis. Risks are abundant, and managing those risks requires constant and vigilant scrutiny as the world evolves," Dimon wrote. The JPMorgan CEO instead called for more forward-looking regulation. All of these colliding factors became critically important when the marketplace, rating agencies and depositors focused on them," Dimon wrote.

☆ The FBI seized $40,000 a couple held in a deposit box 2 years ago, but won't say why and won't return their cash
▼ + stars: | 2023-03-26 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

The FBI seized a couple's savings they held in a deposit box in a raid in March 2021. The couple were keeping $40,200 cash in their box and only found out about the raid on local news. "The FBI took my savings nearly two years ago but has never told me why," Linda Martin said in a press release. He added: "Then, the FBI sends copy-and-paste forfeiture notices that fail to tell owners anything about why it is trying to take their property. US Private Vaults shut down following the Beverly Hills raid and pleaded guilty to conspiracy to launder drug money.

☆ Jeremy Siegel says bitcoin's rush higher will fizzle out once people trust banks again
▼ + stars: | 2023-03-22 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Wharton professor Jeremy Siegel said bitcoin's recent boost will fade out once people start trusting banks again. He said cryptocurrencies push a narrative that the conventional financial system is terrible, helping drive bitcoin gains amid a banking crisis. The world's largest cryptocurrency is trading around the $28,000 mark – it's highest level in nine months. "Bitcoin was launched with a mantra that the banking system was terrible, and the economy needed an alternative. So, the narrative is helping drive money into bitcoin with a 30% gain in the last week," Siegel said.

☆ Giant bank deal triggers political backlash in Switzerland
▼ + stars: | 2023-03-20 | by ( John Revill | ) www.reuters.com time to read: +3 min

ZURICH, March 20 (Reuters) - Switzerland's two biggest political parties sharply criticized UBS's (UBSG.S) takeover of Credit Suisse (CSGN.S) saying multi-billion state support for the deal created enormous risks for the country. Credit Suisse and UBS could benefit from around 260 billion Swiss francs ($280 billion) in state and central bank support, a third of the country's gross domestic product. The Social Democrats are the second biggest party in the Swiss parliament and have two ministers in the country's ruling cabinet. In a memo seen by Reuters that was sent to staff on Sunday after the deal announcement, Credit Suisse reassured staff that their bonuses would be paid in full. The party, the biggest in the Swiss parliament and which also has two members of the seven-strong cabinet, demanded clear conditions for the takeover.

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