DIRS.INFO The most relevant business & tech news

☆ What to know about Denzel Washington's family, including his actor kids
▼ + stars: | 2024-11-21 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +8 min

Here's what to know about Washington's kids: John David, Katia, Malcolm, and Olivia. John David Washington, Washington's eldest child, stars as the lead. In 2018, John David Washington told Andscape that pursuing football was a way to escape being compared to his father. In 2020, John David Washington told Esquire that he didn't tell his father about the audition until he got the role. Katia Washington has worked on several movies, including "The Equalizer," which starred Denzel Washington, "Fences," which was directed by Denzel Washington, and "Malcolm & Marie," which stars John David Washington.

Persons: Denzel Washington's, John David, Katia, Malcolm, Olivia, Washington's, John David Washington, Katia Washington, Denzel Washington, Cuba Scott, Malcolm Washington's, Olivia Washington, Young Mama Ola, Mama Ola, Samuel L, Jackson, John David Washington John David Washington, Emma McIntyre, Andscape, It's, it's, Dwayne Johnson, — Pauletta, —, Spike Lee's, Christopher Nolan's, Tenet, Gareth Edwards, Katia Washington Katia Washington, Monica Schipper, Django, Marie, Malcolm Washington Malcolm Washington, Jon Kopaloff, Malcolm Washington, August Wilson, Tony, Wilson, Malcolm Washington cowrote, Oscar, Virgil Williams, Olivia Washington Olivia Washington, Amy Sussman, Latoya Richardson, Butler Organizations: Netflix, Washington, Paramount Pictures, Santa Barbara, Film, Campbell Hall High School, Morehouse College, Louis Rams, Germany's, NFL Europe, California Redwoods, United Football League, Hollywood, HBO, Broadway, Yale, Bron Studios, Windward School, University of Pennsylvania, American Film Institute, AP, Toronto Film, New York University's Tisch School, Arts, New York, New York Amsterdam News Locations: Cuba, Pauletta Washington, Washington, Atlanta, — Pauletta Washington, Hollywood, Canadian, LA, Philadelphia, Los Angeles, American, London's, California, New York Amsterdam

☆ How High School Graduates Can Improve Their Earnings Potential
▼ + stars: | 2024-11-21 | by ( Steve Lohr | ) www.nytimes.com time to read: +1 min

And those most likely to be left behind are workers without four-year college degrees. Yet one in five workers with only a high school diploma defied the odds, according to a new study by Burning Glass Institute, an independent nonprofit research center. Those workers earned more than $70,000 a year — above the median income of college graduates — by the age of 40. The researchers identified 73 such promising starter jobs, including bank teller, pharmacy aide and restaurant host. The new report adds to a growing body of evidence that routes to upward mobility in America exist for the 60 percent of the nation’s labor force without a four-year college degree.

Organizations: Burning Glass Institute, — Locations: America

☆ A tiny Italian village wants to fast-track Americans unhappy with the election into buying an entire home for 1 euro
▼ + stars: | 2024-11-21 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

AdvertisementA small town in Italy is offering homes for 1 euro to attract Americans amid the recent election cycle. Ollolai's initiative is part of Italy's broader "Case a 1 euro" program started in the 2010s. There is also an option for digital nomads to work there for a month for only 1 euro. Ollolai started offering 1-euro homes in 2018, but other towns, like Sicilian commune Gangi, started giving away vacant houses in 2015. But if you don't want to commit fully to moving across the ocean, a redirect from the Ollolai website luring potential buyers offers an option for digital nomads.

Persons: Ollolai, Francesco Columbu, Columbo, Donald Trump, Ollolai isn't Organizations: Italian National Institute of Statistics, Business, CNN Locations: Italy, Sardinia, Italian, Europe

☆ Atlas of cells offers a milestone leap in understanding of the human body
▼ + stars: | 2024-11-21 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

New research based on the findings, published in several papers Wednesday in Nature and its sister journals, represents a “leap in understanding of the human body,” according to the Human Cell Atlas consortium. Regev compared scientific knowledge of cell biology before the Human Cell Atlas initiative with a “15th century map.”“Now, years later, the resolution of the map is a lot higher,” she said. The cell atlas aims to fill in a missing link between genes, diseases and treatment therapies. During the Covid-19 pandemic, the Human Cell Atlas community used the available data to reveal that the nose, eyes and mouth were most vulnerable to infection. “It was only clear through the Human Cell Atlas data that those cells were … entry points before the virus continued into the internal organs.

Persons: —, ”, Aviv, Daniel Montoro “, we’ve, Regev, “, Sarah Teichmann, Ken, Blain, Robert Hooke, ” Teichmann, Jeremy Farrar, ” Farrar Organizations: CNN, Human Cell Atlas, Genome, Cell, Google, Human, Human Cell, Cambridge Stem Cell, UK’s University of Cambridge, Wellcome Sanger Institute, Institut, la Vision, HCL, Lyon, World Health Organization Locations: Nature, Genentech, South San Francisco , California, Cambridge, England, Paris, Lyon English

She wrote two more bills that same week supporting Julian Assange and Edward Snowden, who were behind two of the biggest US national security leaks of the 21st Century. Both men are broadly seen as enemies of the state within the intelligence community. Gabbard proposed repealing Patriot ActIf confirmed, Gabbard will be the most markedly anti-surveillance official to lead the intelligence community in the post-9/11 era. Some prominent Republicans like former Trump national security adviser John Bolton and former Trump UN ambassador and 2024 GOP presidential candidate Nikki Haley have come out against her. Scott Olson/Getty ImagesGabbard is in many ways a stranger to the intelligence community.

Persons: Donald Trump’s, spymaster, Tulsi Gabbard, Daniel Ellsberg, Gabbard, ”, Ellsberg, Julian Assange, Edward Snowden, It’s, MAGA, Trump, Assange, Marco Rubio, Elise Stefanik, Mike Waltz, she’s, scot, Jamil Jaffer, George W, Bush, White, George Mason University’s, Snowden, Alexandria Ocasio, Cortez, Assange —, Sen, Rand Paul, Justin Amash, Matt Gaetz, Gabbard’s Snowden, Bill Pugliano, Tulsi, Drew Angerer, Glenn Gerstell, —, Gerstell, ” Gerstell, She’s, neocons, ” “, Vladimir Putin’s, Biden, “, Hannity, Steven Ferdman, cynically, John Bolton, Nikki Haley, DNI, ” Haley, Hillary Clinton, Assad, Obama, Tom Williams, CNN Gabbard, Bashar Assad, Nancy Pelosi, Gabbard’s, we’ve, Trump’s, Qasem Soleimani, ” ‘, Donald Trump, Scott Olson, Democratic Sen, Chuck Schumer, ” Gabbard Organizations: CNN, Democratic, Pentagon, The New York Times, Washington Post, US, National Intelligence, Republican Party, WikiLeaks, National Security Institute, George, National Security Agency, — Democratic, Trump, FBI, Fox, Patriot, Foreign Intelligence, Congress, Capitol, Defense Department, Democrat, Republican, NATO, Fox News Channel Studios, Trump UN, GOP, blindsided, Hawaii National Guard, House Armed Services Committee, Syrian, ISIS, Democratic Party, Lawmakers, Gabbard Locations: Syria, Ukraine, Russia, Alexandria, —, Washington, Detroit , Michigan, Gabbard, Washington ,, China, Hawaii, American, Moscow, New York City, Kremlin, Iraq, Lebanon, Ohio, La Crosse , Wisconsin, United States

☆ Trump wants the power to single-handedly choke off government spending. Lawmakers aren't sweating it yet.
▼ + stars: | 2024-11-21 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

AdvertisementTrump wants the power to refuse to spend federal dollars that Congress has already approved. Impoundment has been floated as one way that Trump could singlehandedly enact DOGE's recommended cuts to the federal budget. Meanwhile, lawmakers on Capitol Hill — including those on the House and Senate Appropriations Committees that control government spending — don't seem concerned about Trump's impoundment power grab just yet. He added that there "would be a problem" if Trump tried to impound funding approved by both chambers of Congress. AdvertisementWhat Trump could do with such sweeping powersEven if Congress won't grant Trump impoundment powers, he has another potentially more attractive avenue — the courts.

Persons: He's, Nixon, Elon Musk, Vivek Ramaswamy, Donald Trump, doesn't, it's, Richard Nixon, Trump, DOGE's, Republican Sen, Shelly Moore Capito, haven't, I've, Robert Aderholt, Rosa DeLauro, Mark Amodei, Joe Morelle, appropriators aren't, Tom Cole of Oklahoma, Mark Paoletta, there's, Daniel Schuman, Schuman, shouldn't, Vance, Karoline Leavitt Organizations: Trump, Congress, Department of Government, Capitol, Committees, Republican, West Virginia, Alabama, Democrats, Republicans, Senate, tinker, Nevada Republican, Democratic, GOP, The Washington, Trump administration's Office, Management, American Governance Institute Locations: West, Connecticut, Nevada, New York

☆ Linda McMahon, Trump’s Education pick, was sued for allegedly enabling sexual abuse of children
▼ + stars: | 2024-11-21 | by ( John Towfighi | ) edition.cnn.com time to read: +6 min

As head of the WWE, Linda McMahon oversaw its transformation from a wrestling entertainment company into a publicly traded media empire. He also would often film his sexual abuse, according to the filing. Both Linda and Vince McMahon were aware of Phillips’ abuse, the lawsuit alleges. In 2023, the Maryland Child Victims Act, which repeals the statute of limitations in certain child sexual abuse civil lawsuits, became law. Linda McMahon worked in Trump’s first Cabinet as the administrator of the Small Business Administration before stepping down in 2019 to chair a pro-Trump super PAC.

Persons: Linda McMahon, Donald Trump, McMahon, Vince, McMahon —, Melvin Phillips Jr, Phillips, ”, John, “ Phillips, “, Linda, Vince McMahon, Laura Brevetti, ” Brevetti, “ Ms, Vince McMahon “, ” Jessica Rosenberg, Rosenberg, Phillips ’, —, ’, Philips, Greg Gutzler, DiCello Levitt, Murphy, Falcon, Trump’s, Katelyn Polantz Organizations: CNN, Department of Education, Wrestling Entertainment, WWE, Senate, Holdings, New York Post, Maryland Child, Small Business Administration, Trump, America, Policy Institute, TK Holdings, US, Office, of Locations: Connecticut, Baltimore County , Maryland, New York, Southern, of New York

☆ Why American Women Are Staying Single, Swearing Off Marriage, Dating
▼ + stars: | 2024-11-21 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +12 min

Now, unmarried women are no longer part of an edgy cultural vanguard — they're the official status quo. As of 2021, a record 52% of American women were either unmarried or separated, according to a report by Wells Fargo Economics. Single women also have single men outnumbered: A Census Bureau analysis of 2019 data found that for every 90 unmarried men in the US, there were 100 unmarried women. In a 2019 survey from the Pew Research Center, only 38% of single women reported looking for dates or a relationship, compared with 61% of single men. Even before 1970, it was far from unusual to see American women working for a living.

Persons: Rebecca Traister, Samantha Nation, JD Vance, —, Claudia Goldin, Jess Carbino, Tinder, Gary Becker, Elizabeth Crofoot, Carmindy Bowyer, Bowyer, didn't, truer, Stephanie Manes, Katie Roiphe, Singledom, Paul Dolan, Richard Reeves, Nicholas Eberstadt, Bella DePaulo, DePaulo Organizations: Los Angeles Times, Wells, Wells Fargo Economics, Pew Research Center, of Labor Statistics, Census, Pew, American Enterprise Institute's, Social Locations: Wells Fargo, New York City

☆ I'm 27 and paid $156 for a buzzy health test, fearing I was unknowingly sick. It was reassuring but I felt scammed.
▼ + stars: | 2024-11-21 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +8 min

AdvertisementThe idea that testing and tracking your health will help you live longer is buzzy right now. I feared I had problems like high cholesterol or blood sugar and paid $156 for a direct-to-consumer health test. The author eating pineapple to feel less dizzy after the blood tests. AdvertisementDirect-to-consumer tests might seem like a good idea, but in most cases, you'd be better off letting sleeping dogs lie. AdvertisementMore testing isn't necessarily betterPeople tend to think that tests can only do good, but unnecessary health testing can actually be harmful, Plüddemann said.

Persons: I'd, you'll, Max, I'm, I've, Kim Schewitz, Annette Plüddemann, Plüddemann Organizations: Global Wellness Institute, University of Oxford, Nova Locations: Arizona, Australia

☆ British regulators will soon announce competition remedies for the multibillion-pound cloud industry
▼ + stars: | 2024-11-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Igor Golovniov | Sopa Images | Lightrocket via Getty ImagesLONDON — Britain's competition regulator is preparing remedies aimed at solving competition issues in the multibillion-pound cloud computing industry. The sources, who preferred to remain anonymous given the investigation's sensitive nature, said that the cloud market remedies could be announced within the next two weeks. Amazon is the largest player in the market, offering cloud services via its Amazon Web Services (AWS) arm. Ofcom subsequently referred its cloud review to the CMA to address competition issues in the market. She is expected to outline plans for a review in 2025 into whether the CMA should more frequently use behavioral remedies when approving deals, the FT reported.

Persons: Igor Golovniov, there's, Sarah Cardell, Keir Starmer Organizations: Ofcom, Microsoft, Getty, Markets, CNBC, CMA, Amazon, Web Services, Google, Chatham House, Financial Times Locations: U.S, U.K

☆ After a stinging election defeat, the Democrats' next big race kicks off: From the Politics Desk
▼ + stars: | 2024-11-20 | by ( The Politics Desk | ) www.nbcnews.com time to read: +12 min

After a stinging election defeat, the race to lead the DNC kicks offBy Natasha Korecki and Alex Seitz-WaldTwo weeks after suffering another stinging defeat to Donald Trump, Democrats are in the throes of dissecting what went wrong and figuring out their path forward. Martin O’Malley, a onetime presidential candidate and the commissioner of the Social Security Administration, kicked off the race by entering the fray. Minnesota Democratic Party Chair Ken Martin, a DNC vice chair and leader of the Association of State Democratic Committees, followed by formally announcing his candidacy Tuesday. Still looming out there: Wisconsin Democratic Party Chair Ben Wikler, who has developed a reputation as a prodigious fundraiser and field organizer. Read more → ☑️ Latest race calls: Democratic Rep. Marcy Kaptur defeated Republican Derek Merrin in Ohio’s competitive 9th District, NBC News projected.

Persons: Natasha Korecki, Alex Seitz, Wald, Chuck Todd, Donald Trump, Joe Biden, Jaime Harrison, Martin O’Malley, Ken Martin, Martin, O’Malley, Chuck Rocha, Sen, Mallory McMorrow, Ben Wikler, “ Ben, That’s, Rahm Emanuel, Barack Obama, Emanuel, Adam Parkhomenko, Hillary Clinton’s, “, ” Parkhomenko, James Zogby, it’s, Howard Dean, Obama —, Chuck Todd Here’s, Trumpism, Trump, wasn’t, Harris, Biden, Read, Chuck → ➡️, Matt Gaetz, Lloyd Austin, Pete Hegseth, Linda McMahon, Matt Whitaker, 🗞️ Organizations: NBC, White House, Capitol, Democratic National Committee, DNC, Maryland Gov, Social Security Administration, Minnesota Democratic, Association of State Democratic Committees, Democratic, Politico, Republican, Democratic National Convention, Wisconsin Democratic, Chicago, NBC News, Arab American Institute, America, GOP, Pentagon, “ DEI, Biden, Chuck → ➡️ Trump, Wrestling Entertainment, Education Department, Former, Atlantic Treaty Organization Locations: Michigan, U.S, Japan, Oklahoma

The majority of transgender employees, 82%, reported experiencing workplace discrimination or harassment because of their gender identity or sexual orientation at some point in their lives, according to a new survey. Trans employees were more likely to report such experiences than cisgender lesbian, gay, bisexual and queer employees, at 45%, and nonbinary employees, at 59%. Half of the trans adults surveyed were people of color and 6 in 10 were making less than $50,000 a year. Of the trans respondents who reported having experienced workplace discrimination or harassment at some point in their lives, 65% reported experiencing verbal harassment, 34% reported experiencing physical harassment and 42% reported experiencing sexual harassment. Trans people attempted to mitigate workplace discrimination and harassment by concealing their gender identity at work or by looking for another job, according to the report.

Persons: Brad Sears, they’ve Organizations: Williams Institute, UCLA School of Law, U.S, Trans Locations: Massachusetts

President-elect Donald Trump Wednesday named former Acting Attorney General Matt Whitaker as his pick for the next ambassador to the North Atlantic Treaty Organization (NATO), a key alliance that Trump derided for years. He served just three months in the position until Bill Barr was confirmed as attorney general. Before becoming acting attorney general, Whitaker served as chief of staff to Sessions when he was attorney general. Trump has long criticized NATO, accusing European allies of not contributing enough toward defense spending. In February, Hillary Clinton warned that Trump would seek to withdraw the U.S. from NATO if he were to be re-elected.

Persons: Donald Trump, Matt Whitaker, Trump, Matt, Whitaker doesn't, Whitaker, Jeff Sessions, Bill Barr, George W, Bush, Ursula von der Leyen, Hillary Clinton, JD Vance, Putin Organizations: Donald Trump Wednesday, Atlantic Treaty Organization, NATO, Patriot, NATO Allies, AMERICA, Justice Department, Trump, Twitter, Sessions, Southern, Southern District of, Center of Law & Justice, Policy Institute, Union, NBC, Fox News, Fox Business, Ukrainian, U.S Locations: States, Southern District, Southern District of Iowa, Russia, Europe, Ukraine, U.S, Poland

☆ What to know about Transgender Day of Remembrance and violence against trans people
▼ + stars: | 2024-11-20 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

Wednesday is Transgender Day of Remembrance, which focuses on trans people who have lost their lives because of violence. What is Transgender Day of Remembrance? Transgender Day of Remembrance is marked every Nov. 20 and began in 1999 to honor Rita Hester, a trans woman who was killed in Massachusetts. International Transgender Day of Visibility, which is designed to bring attention to transgender people, is commemorated in March. Rita Hester is pictured on a poster in Boston for Transgender Day of Remembrance.

Persons: Rita Hester, Jessica Rinaldi, Pauly, Jr, Donald Trump Organizations: Transgender, Williams Institute, UCLA Law, Boston Globe, Getty, Human, Rights, U.S, Supreme Locations: Massachusetts, U.S, Boston, Pennsylvania

☆ Trump names Linda McMahon as his pick for education secretary
▼ + stars: | 2024-11-20 | by ( Zoë Richards | Zoë Richards Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

President-elect Donald Trump on Tuesday named Linda McMahon, a former World Wrestling Entertainment executive who served in the first Trump administration, as his pick to lead the Education Department. Before joining the first Trump administration, McMahon briefly served on the Connecticut State Board of Education in 2009, and made unsuccessful bids in 2010 and 2012 for U.S. Senate seats in the state. CNN first reported on McMahon as Trump’s pick for education secretary. McMahon is also the latest Cabinet pick from Trump’s transition team. Earlier Tuesday he named Cantor Fitzgerald CEO Howard Lutnick, who is co-chairing his transition alongside McMahon, as his choice for commerce secretary.

Persons: Donald Trump, Linda McMahon, Trump, McMahon, ” McMahon, Vince McMahon, Elon Musk, Doug Collins of, Lee Zeldin, Cantor Fitzgerald, Howard Lutnick Organizations: Wrestling Entertainment, Education Department, Senate, Small Business Administration, Trump America, Action, Connecticut State, of Education, U.S, CNN, Inc, World Wrestling Entertainment, Fox News, “ Department, Government, SpaceX, America, Policy Institute, Environmental Protection Agency Locations: Connecticut, Texas, Doug Collins of Georgia, New York

☆ North Korea appears to be sending its powerful howitzers to the Ukraine war, where artillery has been king
▼ + stars: | 2024-11-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

AdvertisementNorth Korea appears to have transferred different types of artillery systems to Russia. The development comes as North Korean troops are fighting against Ukraine on behalf of Russia. North Korea appears to have sent its big guns to Russia, furthering its support of Moscow's grinding war against Ukraine, a conflict in which artillery has been a dominant player. AdvertisementImages began to surface on social media last week showing what were identified as North Korean "Koksan" 170mm self-propelled howitzers traveling by rail across Russia. North Korea now shipping artillery systems to Russia — this in addition to shells, men, and missiles it is already sending.

Persons: Kasapoğlu, ZHBemaVVXM, 3lOtCi13TO — Oliver Carroll, Chung Sung, it's, Joe Biden Organizations: Ukraine, Western, Hudson Institute, Korean, Center for Strategic, Studies ' Missile, Artillery Rocket Systems, US Defense Intelligence Agency, DIA, Getty, Artillery, North Korean, Kyiv's, NATO Locations: Korea, Russia, South Korea, North Korea, Ukraine, Korean, Pyongyang, Kyiv, Moscow, Seoul, Kursk

☆ Could Trump reinstate the student debt that Biden forgave? Here's what experts say
▼ + stars: | 2024-11-20 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Under Trump, the U.S. Department of Education is likely to abandon its efforts to deliver wide-scale student loan relief , experts say. It has done so mostly by improving existing student loan relief programs that had long been plagued by problems, including the Public Service Loan Forgiveness initiative and income-driven repayment plans. In June, U.S. District Judge Daniel Crabtree in Wichita, Kansas, described student loan forgiveness as having an "irreversible impact," in his decision to block one of the Biden administration's relief measures. For example, in February, some borrowers saw their debts reinstated under the Public Service Loan Forgiveness program. In a new report, the Consumer Financial Protection Bureau cites, among the errors reported by student loan borrowers, "balance reinstatements," in which a loan servicer tacks a loan balance back on to one's account.

Persons: I've, Trump, Mark Kantrowitz, who've, Joe Biden, Betsy Mayotte, Daniel Crabtree, Biden, aren't, Kantrowitz, they've, tacks Organizations: Trump, U.S . Department of Education, Education Department, Public, The, Student Loan Advisors, District, Finance, Black, College Investor, Consumer Financial, Bureau Locations: U.S, Wichita , Kansas

☆ China should be more worried about potential European tariffs than Trump: Economist
▼ + stars: | 2024-11-20 | 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 EmailChina should be more worried about potential European tariffs than Trump: EconomistWilliam Lee of the Milken Institute says that Chinese President Xi is laying the groundwork at the G20 meeting to prepare for the changes to global trade when Trump takes office.

Persons: William Lee, Xi, Trump Organizations: China, Trump, Milken Institute

☆ Solar Orbiter images capture bursts of activity on the sun’s surface
▼ + stars: | 2024-11-20 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

Parker Solar Probe is poised to make the closest approach to the sun attempted by a spacecraft in late December, while Solar Orbiter is tasked with taking the closest-ever images of the sun’s surface. What’s more, the Solar Orbiter and Parker Solar Probe are studying the sun at close distances at an ideal time — during the peak of its annual cycle. “These new high-resolution maps from Solar Orbiter’s PHI instrument show the beauty of the Sun’s surface magnetic field and flows in great detail. A magnetogram shows the line-of-sight direction of the sun's magnetic field, which clusters around sunspots. Experts track increasing solar activity by counting how many sunspots appear on the sun’s surface.

Persons: Helioseismic, Parker, ”, Daniel Müller, Helioseismic Imager, European Space Agency Mark Miesch, Miesch, “, Elsayed Talaat Organizations: CNN, Solar, Orbiter, European Space Agency, NASA, Probe, Parker, Solar Orbiter, Space Agency, National Oceanic, Prediction, Cooperative Institute for Research, Environmental Sciences, University of Colorado, Scientists, NOAA

☆ Wells Fargo sees another big stock market gain in 2025 on strong economy, deregulation under Trump
▼ + stars: | 2024-11-20 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Stocks are primed for another big stock market gain in 2025 given U.S. economic strength and likely deregulation under President-elect Donald Trump, according to Wells Fargo. The Wall Street bank expects the S & P 500 will advance to 6,600 by the end of 2025. .SPX YTD mountain S & P 500 Wells Fargo is the latest big firm to release its 2025 S & P 500 year-end target, with virtually all shops thus far anticipating a roughly 10% gain or more for the broad market index. Goldman Sachs' David Kostin this week said he expects the S & P 500 to end next year at 6,500. The S & P 500 surged 24% in 2023, and is up more than 23% this year.

Persons: Donald Trump, Darrell Cronk, Goldman Sachs, David Kostin, Morgan Stanley's Mike Wilson, Brian Belski, Cronk Organizations: Wells, Investment Institute, BMO, UBS, CNBC, & $ Locations: Wells Fargo, Tuesday's

☆ Trump sees China as the biggest AI threat. He has bipartisan support to win the race for powerful human-like AI.
▼ + stars: | 2024-11-20 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

AdvertisementA bipartisan US congressional commission urges a "Manhattan Project" for AI to outpace China. Trump has previously called China the "primary threat" in the AI race. AdvertisementThe Manhattan Project was a secret program led by the US government during World War II to develop the world's first atomic bombs. Advertisement"We have to take the lead over China, China is the primary threat," he added. OpenAI also cited the Manhattan Project in its blueprint as one of the US's "iconic infrastructure projects that moved the country forward."

Persons: Trump, Donald Trump, Logan, Joe Biden's, OpenAI, Yoshua, Max Tegmark Organizations: China, China Economic, Security, Commission, General Intelligence, US Treasury Department, Business, Manhattan Project, Life Institute, MIT, Guardian, Elon Locations: China, US, Washington

☆ Nobel laureate Simon Johnson is skeptical that Trump will be able to follow up on his two biggest campaign promises — here's why
▼ + stars: | 2024-11-20 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

"I'm skeptical he'll actually do it," Johnson said of Trump's tariff policy. With all of these negative implications, Johnson isn't convinced that Trump's tariffs will be as drastic as they were presented on the campaign trail. Mass deportation is a logistical nightmareTrump's mass deportation plans don't make economic sense to Johnson, either. It's still too early to predict how Trump's policies will pan out, but for now, Johnson is seeing drastic barriers to Trump's tariff and immigration plans. Should Trump go through with his tariff and immigration policies, it'll be up to the American people to judge their efficacy and implementation.

Persons: Donald Trump, Nobel, Simon Johnson doesn't, Johnson, Simon Johnson, Trump, We've, They're, he'll, Jan Hatzius, Goldman Sachs, Johnson isn't, it's, Thomas Homan, That's, It's, they're, it'll Organizations: Massachusetts Institute of Technology, Trump, American Immigration Locations: China, Johnson, Vietnam, Mexico, United States

☆ Trump said he'd use the military for mass deportations. Here are the industries with the most immigrant workers.
▼ + stars: | 2024-11-20 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

The full scope of the planned mass deportations remains unclear. Present-elect Donald Trump's plans for mass deportations could significantly impact construction, agriculture, and hospitality. The data breaks down 13 major sectors by the number of native-born citizens, naturalized citizens, and non-US citizens working in each. AdvertisementThe agriculture industry could also be heavily impacted by mass deportations. To be sure, deportation plans are still in flux, and it's unclear how many people would be deported or who would be targeted first.

Persons: Trump, Donald Trump's, Steve Ballmer, Molly Day, Tom Homan, Stephen Miller, Vance, Karoline Leavitt Organizations: Immigrants, American Immigration Council, American Progress, Small Business Association, ACLU, Immigration, Customs, White House, Staff, Policy, US Homeland Security

☆ Indian international students in the US outnumber Chinese for the first time in 15 years
▼ + stars: | 2024-11-20 | by ( Jessie Yeung | ) edition.cnn.com time to read: +10 min

A changing ChinaIt was a different world in the late 2000s and early 2010s, when Chinese students first began surging overseas. In 2020, the US revoked visas for more than 1,000 Chinese students and researchers deemed security risks. In January this year, Chinese foreign ministry spokesperson Wang Wenbin said in a briefing that “dozens of Chinese nationals, including international students, have been forcibly deported by the US each month.” He decried it as “discriminatory,” urging the US to protect the rights of Chinese students abroad. The Covid yearsThe number of Chinese students in the US plunged during the pandemic and hasn’t rebounded since. “Since the economic sanctions and tech restrictions started in 2018, many (Chinese) students have been sent back home,” one user wrote on Weibo.

Persons: “, ”, Mallie Prytherch, ‘, ’, Donald Trump’s, ” Prytherch, Trump, Prytherch, Joe Biden, Wang Wenbin, Li Jing, hasn’t, Mirka Martel, Steven Hon, didn’t, Hon, Marianne Craven, they’ve Organizations: Hong Kong CNN, Education consultancies, State Department, of International Education, University of Hong Kong’s, Contemporary, Beijing, World Trade Organization, Games, America, Fulbright, Trump, Tsinghua University, CNN, Institute of International Education, Education, –, Ivy League Locations: Hong Kong, United States, China, India, America, Contemporary China, “, Beijing, cybersecurity, Macau, Weibo, Canada, Australia, American

☆ UK inflation rises sharply to 2.3% in October, above expectations
▼ + stars: | 2024-11-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — U.K. inflation picked up sharply to a higher-than-expected 2.3% in October, data from the British Office for National Statistics showed Wednesday. The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters. The latest print once again brings inflation above the Bank of England's 2% target, potentially dampening the prospects of a final interest rate cut this year. Core inflation, which excludes energy, food, alcohol and tobacco, came in at 3.3% for the month, up slightly from 3.2% in September. The uptick was anticipated in part due to an increase in the regulator-set energy price cap that took effect in October, which is expected to lead to higher energy price inflation over the colder winter months.

Persons: Price Organizations: British Office, National Statistics, Reuters, Bank of England's, Institute of Chartered Accountants Locations: England, Wales

Search resuls for: "Institute"

25 mentions found