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☆ We'd 'love' to see a 50-basis-point cut by the Fed, analyst says — here's why
▼ + stars: | 2024-09-13 | 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 EmailWe'd 'love' to see a 50-basis-point cut by the Fed, analyst says — here's whyDavid Volpe, deputy CIO at Emerald Asset Management, said the U.S. Federal Reserve looks to be on the back foot and a bumper rate cut would help it stay ahead.

Persons: —, David Volpe Organizations: Fed, Emerald Asset Management, U.S . Federal

☆ We'd 'love' to see a 50-basis-point hike by the Fed, analyst says — here's why
▼ + stars: | 2024-09-13 | 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 EmailWe'd 'love' to see a 50-basis-point hike by the Fed, analyst says — here's whyDavid Volpe, deputy CIO at Emerald Asset Management, said the U.S. Federal Reserve looks to be on the back foot and a bumper rate cut would help it stay ahead.

Persons: —, David Volpe Organizations: Fed, Emerald Asset Management, U.S . Federal

☆ I drove the Hyundai Palisade and Subaru Ascent — here's which SUV I'd buy for my family
▼ + stars: | 2024-09-12 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

I recently drove the Hyundai Palisade Calligraphy and Subaru Ascent Touring family SUVs. The Palisade wins for its true luxury experience, smooth V6 power, and great cabin tech. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I recently had the chance to drive two of the most popular offerings to hit the market in recent years, the Hyundai Palisade and the Subaru Ascent, to see how they stack up against one another.

Persons: —, they've Organizations: Hyundai, Calligraphy, Palisade, Service, Subaru, Business

☆ China wants to challenge the U.S. in AI — here's what Chinese giants are doing with the tech
▼ + stars: | 2024-09-12 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Generative AI includes applications like OpenAI's ChatGPT, which has the ability to generate text, images and even video based on user prompts. These applications are powered by large AI models which are trained on huge amounts of data, such as Google's Gemini. Chinese technology firms have had to tread carefully in releasing their technology as Beijing has strict requirements for AI models and their uses. CNBC runs through the big Chinese AI models developed by the country's biggest tech firms. It has created a number of AI models aimed at customers in specific industries including government, finance, manufacturing, mining, and meteorology.

Persons: catchup, ERNIE Baidu, Ernie Bot, OpenAI's, Baidu, Ernie, Alibaba, Qianwen, Tencent, Hunyuan, Doubao Organizations: Istock, Getty, U.S, CNBC, Baidu, Huawei, Pangu Huawei Locations: China, Alibaba, U.S . China, Beijing

☆ I landed a 6-figure government job after leaving the military. It's high-stress and comes with many challenges — here's how I manage it.
▼ + stars: | 2024-09-10 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +5 min

I'm a management and senior policy analyst at the US Department of Housing and Urban Development (HUD) in Washington, DC. After transitioning from military to civilian life in 2012, I worked as a policy analyst and technical writer at Sage Management. I love my new role and would've left to pursue a fully remote role if this didn't happen at HUD. I work around these challenges by building relationships with other program offices within HUD to collaborate and get the work done. Within the HUD Veterans Affinity Group, we established the Women's Group to talk monthly with and support women veterans.

Persons: —, Ebony Grey, It's, I've, would've Organizations: Service, US Department of Housing, Urban Development, Business, Air Force, Sage Management, HUD, Affinity Group, ACT, Education, Federal, Veterans Affinity Group, Blacks, American Federal Executive Association, Young Government Locations: Washington ,, Afghanistan, Government

☆ The Kansas City Chiefs are the NFL’s current dynasty — here's why they are worth less than teams that regularly miss the playoffs
▼ + stars: | 2024-09-06 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +3 min

The Kansas City Chiefs, the NFL's current dynasty, are only the 18th most valuable team in the league at $6.07 billion, according to CNBC's Official 2024 NFL Team Valuations. The bulk of a team's revenue in a given season comes from the ballooning media rights fees that the NFL charges for its games. Contrast that with leagues like the NBA and NHL, where clubs receive a much bigger cut of playoff ticket revenue. Stadium ownership and operating rights are also a lucrative source of revenue for NFL teams. Perennial playoff teams can also be more attractive to sponsors because they can almost guarantee that thousands of additional people will be in their stadiums every year.

Persons: Jerry Jones, Jones, Lamar Hunt, — Organizations: NFL, Kansas City Chiefs, New York Jets, Denver Broncos, Chiefs, NBA, NHL, Dallas Cowboys, T, Jackson, Sports, Authority, Cowboys, Los Angeles Rams, Las Vegas Raiders, Baltimore Ravens Locations: Arrowhead, Jackson County , Missouri

☆ Zive wants to make company data more accessible — here's the pitch deck it used to raise $3.2 million
▼ + stars: | 2024-09-03 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Zive has raised $3.2 million in pre-seed funding to untangle companies' unstructured data. Founded by the team behind Haiilo, Zive uses generative AI to improve data accessibility. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementZive, a new startup aiming to untangle companies' data, has raised $3.2 million in pre-seed funding. Now, with Zive, the team wants to use generative AI to make the large amounts of unstructured data companies hold more accessible.

Persons: Zive, Haiilo, — Organizations: Service, Equity Partners, Business

☆ Salesforce gets back on track — here's what the software giant needs to deliver next
▼ + stars: | 2024-08-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Salesforce shares jumped more than 4% in extended trading Wednesday after the enterprise software giant beat sales and earnings expectations in the second quarter. Salesforce Why we own it : Salesforce is a leading enterprise software tool for companies across all industries, helping employees to better communicate with colleagues internally and with their customers. Salesforce's new AI tools — which it is calling autonomous AI sales agents — may be the company's answer to this negative thesis. The next task for Salesforce is proving these new AI products will become a material driver of revenue growth. For the third quarter, Salesforce forecasts revenues of $9.31 billion to $9.36 billion, which is below the $9.4 billion estimate.

Persons: cRPO, —, Marc Benioff, It's, they're, Benioff, Salesforce, Brian Millham, Amy Weaver, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Revenue, LSEG, SAP, Microsoft, Salesforce, Club, Nvidia, Federal, Management, CNBC, Bloomberg, Getty Locations: Americas, San Francisco , California

☆ I ran over 100 miles through Death Valley in record heat after recovering from chemo — here's what it was like
▼ + stars: | 2024-08-22 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +1 min

Ray Zahab ran over 105 miles through California's Death Valley during its hottest month on record. Zahab has traversed over 10,000 miles across Earth's deserts but said this trip was personal. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. July was the hottest month in Death Valley National Park's recorded history. It's also when I ran over 100 miles through the scorching desert heat.

Persons: Ray Zahab, It's Organizations: Service, Business Locations: Death

The World, a luxury liner, has many descriptions, but "cruise ship" is not one of them, said resident Jim Minarik. "The only thing that's similar between the world and a cruise ship is they float on the water," he said. Minarik and his wife bought their apartment in 2020 with plans to spend one to two months a year on the ship. Source: The WorldYet money is not a big topic aboard The World, Minarik said. Wong said that while other companies have tried, The World is still the only ship of its kind.

Persons: Jim Minarik, we're, Minarik, Eddie Wong, Wong, There's, I'd Organizations: CNBC, CNBC Travel Locations: Singapore, Antarctica, French Polynesia, Easter, Amalfi Coast, Australia's Kimberley, Papua New Guinea, Solomon, South America, South Africa, Cape Town, Orange County , California, Africa's, Penola Strait

☆ 6 ways Starbucks' incoming chief Brian Niccol transformed Chipotle
▼ + stars: | 2024-08-14 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Niccol has a "great track record" and is an "outstanding" hire for Starbucks, Edward Jones restaurant analyst Brian Yarbrough told Business Insider. Alongside Curt Garner, the chain's chief information officer who joined in 2015, Niccol helped spearhead Chipotle's digital turnaround. In Niccol's first full year at Chipotle, in 2019, digital sales were up 90%. AdvertisementMost locations already had two make lines when Niccol joined Chipotle, but the strategy was unclear, BI previously reported. "Whether you're a light, medium, or heavy user, when you're in the rewards program, you come more frequently and you spend more," Niccol told investors in February.

Persons: —, Taco Bell, Brian Niccol, Laxman Narasimhan, Niccol, Edward Jones, Brian Yarbrough, William Blair, Sharon Zackfia, Howard Schultz, He's, perf, Chipotle, Chipotle's, Gregory Rec, Jack Hartung, Curt Garner, they'd, Jefferies, Andy Barish Organizations: Service, Taco, Starbucks, Business, Portland Press, Getty, Niccol's, BI Locations: Chipotle, Ohio, China

☆ I quit my finance job and set up LØCI, the sneaker brand loved by Leonardo DiCaprio and Nicki Minaj — here's how I did it
▼ + stars: | 2024-08-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +6 min

It was a ballerina shoe brand we built up as a hobby while we had finance jobs and distributed online. AdvertisementWe spend a lot of our resources taking plastic out of the oceans, and from a human perspective, we've built a platform for artists and musicians. During the pandemic, we went to the US and started building relationships. When we launched LØCI in 2021 we had no money but a dream of building a sneaker brand. Building a brand takes time — you're on a journey and you must ride it out no matter how difficult it gets.

Persons: —, Emmanuel Eribo, I'm, Harley Viera, Dave Benett, LØCI LØCI, we've, Charlotte, David M, We've, Leonardo DiCaprio, Nicki Minaj, I'd, I've, We're, everybody's Organizations: Service, Business, HSBC, Soho House Locations: Soho, London

☆ The iPhone 16 is a month away — here's what to expect
▼ + stars: | 2024-08-12 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Apple's iPhone 16 is one month away from its official launch. The company introduced Apple Intelligence in June. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Bloomberg reported Apple Intelligence will be free at first, but that subscription options might become available for those who want more AI capabilities on their device. Smartphone owners will have to upgrade to the iPhone 15 Pro or later if they want to use Apple Intelligence.

Persons: It's, — Organizations: Apple Intelligence, Service, Apple, Bloomberg, Business

☆ A real-estate investor who achieved financial independence buying rentals shares the early mistake she made — and 2 criteria for picking an investment property
▼ + stars: | 2024-08-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

The second one — not as good," the seasoned real estate investor told Business Insider. Her second deal was a mountain cabin in a retirement community that she assumed would "appreciate like mad," she said. As of 2024, she said, she is a partner in $800 million of real estate, including over 6,500 residential units and 2,200 self-storage units across 11 states. Related storiesAdditionally, with a single-level property, you avoid potential structural headaches. "If it's going to be an investment property, I need to think about who's buying it next from me.

Persons: —, Whitney Elkins, Hutten, Elkins, She's, that's Organizations: Service, Business Locations: Fort Collins, Hutten

PARIS — Everywhere you looked at the 2024 Paris Games, Americans dominated. On the final day of the Games, China is leading Team USA in the medal table, with 39 golds to America’s 38. Its two golds here included the 4x100-meter medley, the first time in Olympic history that anyone had beaten the U.S. Though Russia, a longtime dominant force in the sport, was excluded from these Games, China still achieved a score that far outstripped any competitors. China has also been quick to embrace some of the newer Olympic sports including sport climbing, skateboarding, surfing and breaking.

Persons: Snoop, Lady Gaga, ”, Fang Zheng, “, it’s, ” Chen Yiwen, Oli Scarff, Zhanle, Hunter Armstrong, Caeleb Dressel, Zheng Qinwen, Jacklyn Luu, Deng Yawen, Zheng Haohao, Paris —, Ma Long, Wang Chuqin, Lintao Zhang, Erriyon Knighton, Xu Shixiao, Lindsey Wasson, Mao Zedong, Richard Nixon, Deng Xiaoping, Li Fabin, Miguel Medina, Xi Jinping, Li Xiang, ” Li Organizations: Games, . Team USA, USA, China, U.S, Doping Agency, WADA, New York Times, NBC, USA’s, Soviet Union, China’s, Association, Asian Studies, Asia, Helsinki Games, China wouldn’t, International Olympic Committee, IOC, Getty, Global Times Locations: United States, China, Paris, France, AFP, U.S, Spain, Russia, Beijing, India, USA, Soviet, Michigan, Western, Taiwan, Los Angeles, Taipei, ” Beijing

☆ A couple tested out life in Canada and Italy. They chose to move where salaries are lower but life is sweeter.
▼ + stars: | 2024-08-11 | by ( Maria Noyen | ) www.businessinsider.com time to read: +8 min

"I can easily travel around Italy or Europe for the same cost as a long-distance bus ticket in Canada," Craparotta said. Alexandr Spatari/Getty ImagesItalians "cook very simply," and there are fewer deep-fried or sugary dishes compared to restaurants in Canada, Craparotta said. Italian social life is less focused on drinkingIn Toronto, Craparotta was used to a social life that revolved around drinking. When they lived in Canada, Craparotta remembered Fabiani being shocked by a rowdy party where people were playing beer pong and drinking out of red Solo cups. While she is making less than what she would back in Toronto, Craparotta said the location is worth the pay cut.

Persons: —, Craparotta, Flavio Fabiani, They'd, Dyson, Fabiani, Victoria Craparotta, Allan Baxter, she's, Alexandr Spatari, I'm, she'd, querbeet, Numbeo Organizations: Service, Business, Fabiani, Getty Locations: Italy, Toronto, Spain, Rome, Canada, Banff, Vancouver, Europe, Milan, Amalfi, London, Paris, Craparotta

☆ Résumé gaps don't have to kill your job search — here's what to say about them
▼ + stars: | 2024-08-10 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

"He was my best friend," Salemi told Business Insider. Salemi isn't alone in having a résumé where the end of one job doesn't align neatly with the start of the next. The pandemic poked holes in workThe trick to dealing with résumé gaps is to have an explanation, career experts told BI. Julia Toothacre, chief career strategist at ResumeTemplates.com, told BI that her advice on résumé gaps is far different from what she would have said a decade ago. Salemi, from Monster, said in her experience more job seekers have gaps than don't.

Persons: Vicki Salemi's, Salemi, she'd, Salemi isn't, quagmire, Julia Toothacre, Toothacre, what's, it's, doesn't, Lee Woodrow Organizations: Service, Business, LinkedIn

☆ Online disinformation sparked a wave of far-right violence in the UK — here's how
▼ + stars: | 2024-08-09 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +7 min

This escalated into days of riots in the U.K. that saw attacks on mosques, immigration centers and hotels that house asylum seekers. The disinformation circulated online tapped into pre-existing biases and prejudice, Ondrak explained, adding that incorrect reports often thrive at times of heightened emotions. Many of the right-wing protestors claim the high number of migrants in the U.K. fuels crime and violence. Ondrak also noted that many groups that had previously circulated false information about the attack had started walking it back, saying it was a hoax. On Wednesday, the U.K. media regulator Ofcom issued a letter to social media platforms saying they shouldn't wait for the new law to come into force.

Persons: Christopher Furlong, Ali, Hannah Rose, Joe Ondrak, It's, Ondrak, it's, ISD's Rose, Rose, Thabo Jaiyesimi, Elon Musk, pushback, Benjamin Cremel Organizations: Riot, Getty, LinkedIn, Institute for Strategic, CNBC, Police, Telegram, Ofcom, Afp Locations: Rotherham, United Kingdom, Southport, Britain, U.K, Walthamstow, London

☆ India's ultra-wealthy club is booming — here's where the country's rich are investing
▼ + stars: | 2024-08-06 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +5 min

High-end real estateAbout 30% of India's UHNWI investments go into luxury real estate, including overseas projects, said Alok Saigal, president of wealth management firm Nuvama Private. People have moved away from investing in land as it is less liquid, and more wealth has been allocated to residential real estate since the pandemic, he added. Around 20% of Dubai's offshore real estate pie is owned by Indian investors. Startups' lureInvesting in startups is becoming increasingly popular, especially with the younger generation of rich Indians, wealth managers told CNBC. Bloomberg | Bloomberg | Getty ImagesAbout 17% of India's UHNWIs' wealth goes into luxury goods, with jewelry, art and watches as top preferences, findings from Knight Frank revealed.

Persons: Knight Frank, Alok Saigal, Alok, Chethan Shenoy, Anand, Saigal, Nitin Chengappa, India's, Chengappa, Anand Rathi Wealth's, LVMH Moet Hennessy Louis Organizations: Getty, India, Nuvama Private, Offshore, Nuvama, CNBC, Standard Chartered Bank, Shoppers, DLF, BMI, Bloomberg, Fitch Solutions, LVMH Moet Hennessy Louis Vuitton SA Locations: Mumbai, Beijing, New York, London, UHNWIs, Dubai, Delhi, New Delhi, India

☆ Elon Musk's Neuralink implanted another brain chip. Here's how it works.
▼ + stars: | 2024-08-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Read previewElon Musk says Neuralink has successfully implanted another brain chip in a human patient. Its first patient, Noland Arbaugh, received the brain chip in January. AdvertisementMusk's brain chip company has lofty goals — here's how the chips work. For example, Musk said on the podcast that someone with a Neuralink chip could beat a professional gamer in a few years. AdvertisementRepresentatives for Neuralink did not immediately respond to a request for comment from Business Insider.

Persons: —, Elon Musk, Neuralink, Lex Fridman, Musk, Noland Arbaugh Organizations: Service, Business

☆ I quit corporate and turned my side hustle into a 6-figure dream career — here's how
▼ + stars: | 2024-08-05 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

When I took my side hustle full-time, I started making around $125,000 more than my last salary. AdvertisementI started music as a side hustle in March 2019I've played the piano for 21 years and the alto saxophone for 18. I was fortunate to still have a paycheck and work from home when most full-time event industry professionals were shut down completely. AdvertisementA surge of events started in 2021, and I knew I made the right decision to leave the 9-5 world the previous October. If I had let a few hundred dollars a month of health insurance hold me back from quitting my full-time job, I would never have had all these incredible experiences.

Persons: —, Jason Nelson, It's, I've, Nelson, Teresa Guidice, Luis Ruelas, Teresa Giudice, it's Organizations: Service, Business, DJ, Fox, New York Jets, Real Housewives of, Bravo Locations: Hoboken , New Jersey, Puerto Rico, St, Maarten, Aruba, Dubai, Jersey

☆ With my Costco executive membership and store card, I earn enough rewards to pay for a whole shopping trip — here's how
▼ + stars: | 2024-08-04 | by ( Dawn Levitt | ) www.businessinsider.com time to read: +4 min

But even so, I think the pricier executive membership is 100% worth it for my family — especially when it's paired with the rewards from my Costco store credit card. Just remember that it's a credit card, and interest will be charged on any balance you carry over. Lindsey Nicholson/UCG/Universal Images Group via Getty ImagesFor my family, our average $300 monthly trip earns us an annual $72 from executive-membership rebates and $72 in Costco credit card rewards. For example, last year, we bought a washer and dryer, tires for the car, and my laptop through our Costco membership. In total, we earned over $400 last year between our executive membership and Costco store credit card.

Persons: —, it's, Dawn Levitt There's, I'm, It's, Lindsey Nicholson Organizations: Service, Costco, Business, Citi, Shipping, Getty

☆ World’s first major AI law enters into force — here's what it means for U.S. tech giants
▼ + stars: | 2024-08-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

"It is likely to impact many businesses, especially those developing AI systems but also those deploying or merely using them in certain circumstances." For AI applications deemed to be "high-risk," for example, strict obligations will be introduced under the AI Act. watch nowExamples of high-risk AI systems include autonomous vehicles, medical devices, loan decisioning systems, educational scoring, and remote biometric identification systems. Generative AI is labelled in the EU AI Act as an example of "general-purpose" artificial intelligence. General-purpose AI models include, but aren't limited to, OpenAI's GPT, Google's Gemini, and Anthropic's Claude.

Persons: Dado Ruvic, Tanguy Van Overstraeten, Charlie Thompson, Appian, Thompson, Meta, OpenAI's, Google's, Anthropic's Claude, Jamil Jiva, Linedata, GDPR, Jiva Organizations: Reuters, European Commission, EU, CNBC, Microsoft, Google, Apple, Web Services, Big Tech, EMEA, Data, Facebook, Companies, AI Office, Commission Locations: Brussels, EU, Europe

☆ Solar stock Nextracker's strong quarter is eclipsed by backlog concerns — here's where we stand
▼ + stars: | 2024-08-01 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Shares of Nextracker dropped in extended trading Thursday as questions about the solar technology firm's backlog of projects overshadowed its better-than-expected quarterly results. Scrutiny of Nextracker's revenue backlog came more into focus during Nextracker's conference call with analysts. That, in turn, impacts the pace at which Nextracker's backlog becomes reported revenue. With interest rate cuts on the horizon, the economics of solar projects should get a whole lot better. " Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Nextracker, Dan Shugar, Jim Cramer, Praneeth Satish, Howard Wenger, Wenger, Shugar, Jim, Jim Cramer's, Brandon Bell Organizations: Revenue, Club, Truist Securities, Microsoft, Fed, CNBC, Getty Locations: Fargo, Kayenta , Arizona

Elijah Nouvelage | Afp | Getty ImagesHow the LIFT Act could look todaySince the LIFT Act was first proposed in 2018, the cost of living has only skyrocketed, hitting working-class Americans especially hard. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. The advantage of the LIFT tax credit, said D'Acunto, is that it doesn't create the same market distortions the rent cap would ignite. Child tax credit is a 'huge priority' for DemocratsLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. Harris described the child tax credit changes as one of the "most important" and "most impactful" parts of the legislation in a 2021 speech.

Persons: Kamala Harris, Elijah Nouvelage, Tomas Philipson, Joe Biden's, Laura Veldkamp, Harris, Donald Trump, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel Organizations: Democratic, Afp, Getty, White House Council, Economic Advisers, CNBC, Columbia University Business School, Georgetown University, D'Acunto, Federal, Plus, American Rescue Plan, Columbia University, . Census Locations: Atlanta , Georgia, Atlanta

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