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Business Insider checked in with four major firms — Boston Consulting Group, Ernst & Young, McKinsey, and PricewaterhouseCoopers (PwC) — for insights into what they might be looking for in prospective employees. AdvertisementWhat kinds of roles are consulting firms hiring for? Consulting firms often hire for a range of positions. Rod Adams, talent acquisition and onboarding leader at PwC, told BI that the company is hiring consultants, engineers, accountants, and tax professionals, among other roles. Consulting firms often say there isn't one specific background or set of skills they look for.
Persons: , isn't, Ernst & Young, Ernst &, Alicia Pittman, Pittman, Ernst, Young, Rod Adams, who've, PwC, Adams Organizations: Service, McKinsey & Company, Business, Boston Consulting Group, Ernst, Ernst & Young, McKinsey, PricewaterhouseCoopers, Consulting, BI
No Taxes on Tips? A Trump Idea Gains Ground.
  + stars: | 2024-07-18 | by ( Andrew Duehren | ) www.nytimes.com   time to read: +1 min
In Donald J. Trump’s telling, the idea was born over dinner at his Las Vegas hotel, where the waitress serving his table complained about the burden of paying taxes on her tips. “I was actually surprised to hear it,” Mr. Trump said last month at a rally in Virginia, adding that he quickly decided to address the waitress’s problem with a new campaign pledge: “No taxes on tips!”The proposal has rapidly become more than just a rally talking point. The sudden popularity of exempting tips from taxes is a reminder of the improvisational nature of economic policymaking under Mr. Trump. Several economists involved in advising the Trump campaign said they hadn’t heard of the idea until Mr. Trump announced it publicly. But Republicans now see it as a key way to appeal to working-class Americans during the campaign against President Biden.
Persons: Donald J, ” Mr, Trump, Mike Johnson, Biden Organizations: Republican Party, Republican Locations: Las Vegas, Virginia, Louisiana, Nevada
watch nowThere are a lot of synergies between the bitcoin mining and AI infrastructure businesses. watch nowBeefing up the gridFor years, Crusoe's work has been virtually synonymous with the bitcoin mining industry. But Crusoe's Lochmiller told CNBC that AI infrastructure has actually been part of the vision since the company's founding six years ago. Back in 2018, Fenn says that the only load that was a good fit for this was bitcoin mining. "That has all changed now, with AI data centers optimized for massive scale energy availability, cost, and greenness.
Persons: Nolan, Robert Daemmrich, Ali Fenn, Chase Lochmiller, Crusoe's, JPMorgan Chase, Asher Genoot, Riley, CoreWeave, Crusoe's Lochmiller, Lancium's Fenn, Lancium, Fenn Organizations: Corbis, American, Energy Systems, CNBC, Mining, JPMorgan, Nvidia, CoreWeave, Core, ExxonMobil, Crusoe Industries, Miners Locations: Buffalo, Taylor, Abilene , Texas, West Texas, Abilene, Houston, Denver, U.S, Iceland, Miami, North Dakota, Texas
These are the stocks making notable moves after the market close on July 18. Netflix reported earnings of $4.88 per share on $9.56 billion of revenue. Intuitive Surgical — The biotech stock jumped more than 6% after a stronger-than-expected report for the second quarter. Intuitive Surgical reported adjusted earnings of $1.78 per share on $2.01 billion of revenue. The company reported $2.50 in adjusted earnings per share for the second quarter, which was 2 cents ahead of estimates.
Persons: LSEG Organizations: Netflix, PPG, Western Alliance
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Upgrading Lilly: Shares of Eli Lilly have been hit hard since making a new closing high on Monday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Eli Lilly, Roche, there's, Lilly, we'll, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Energy, Nvidia, Lilly, Novo Nordisk, Netflix, PPG Industries, American, Halliburton, Jim Cramer's Charitable Locations: Swiss
But there’s a small, powerful sect of Silicon Valley billionaires who are carving a path for the maybe-Trumpers and the MAGA-curious in the tech world. David Sacks, the billionaire tech investor, co-hosted a fundraiser last month at his San Francisco home and spoke at the Republican National Convention on Monday. In the last election cycle, the few Trump backers that existed in the Valley largely kept their support under the radar. Their numbers are still small, but they’re no longer hiding, and their wallets are open. And, as Kovacevich notes, just because there are a few big names turning toward Trump, “they’re not speaking for everybody.”“In fact, most of the big company CEOs aren’t terribly involved in partisan politics,” Kovacevich says.
Persons: CNN Business ’, Hillary Clinton, Joe Biden, MAGA, Elon Musk, Trump, David Sacks, San Francisco, Doug Leone, Palantir, Joe Lonsdale, what’s, Adam Kovacevich, , , Biden, Lina Khan, Joe Biden’s, Gary Gensler, who’s, Marc Andreessen, Ben Horowitz, Trump’s, hasn’t, they’ve, Reid Hoffman, Eric Schmidt, aren’t, ” Kovacevich, “ They’re Organizations: CNN Business, New York CNN, Silicon, Wall Street, Trump, America PAC, San, Republican National Convention, Sequoia Capital, Biden, of, Financial Times, SEC, Big Tech, LinkedIn, Google Locations: New York, Silicon
EU Commission head von der Leyen elected for second term
  + stars: | 2024-07-18 | by ( ) www.cnbc.com   time to read: +2 min
Ursula von der Leyen reacts after being chosen President of the European Commission for a second term, at the European Parliament in Strasbourg, France, July 18, 2024. European Commission President Ursula von der Leyen was elected for a second term on Thursday after pledging to create a continental "defence union" and stay the course on Europe's green transition while cushioning its burden on industry. It will decide whether we shape our own future or let it be shaped by events or by others," von der Leyen said ahead of a secret ballot on her candidacy. Von der Leyen, a centre-right former German defence minister, pledged to create "a true European Defence Union", with flagship projects on air and cyber defence. Von der Leyen also promised a raft of climate policies including a legally-binding EU target to cut emissions 90% by 2040, compared to 1990 levels.
Persons: Ursula von der Leyen, von der, von der Leyen, Von der, Von der Leyen, Viktor Orban's, Vladimir Putin, Donald Trump Organizations: European Commission, Green, Russia, European Defence Union, Hungarian, Defence, NATO, U.S Locations: Strasbourg, France, Ukraine, Moscow, Europe, United States
"We just didn't see the ROI except for in healthcare," Thoughtful AI cofounder and CEO Alex Zekoff said. AdvertisementThe Austin, Texas-based startup just grabbed $20 million in Series A funding, led by Drive Capital and including TriplePoint Capital. Thoughtful AI is also announcing its first three AI agents, named CAM, EVA, and PHIL, to process medical claims, check patient insurance coverage, and record payments. Zekoff said Thoughtful AI aims to hit $10 million in annual recurring revenue by the end of the summer. Check out the presentation Thoughtful AI used to raise $20 million from Drive Capital.
Persons: , Alex Zekoff, it's, PHIL, — it's, Zekoff Organizations: Service, Business, Drive Capital, TriplePoint, Athelas, Big Tech Locations: Austin , Texas, Brazil, Romania
NEW YORK AP —John Deere says it will no longer sponsor “social or cultural awareness” events, becoming the latest major US company to distance itself from diversity and inclusion measures after being targeted by conservative backlash. The move from the company known on Wall Street as Deere & Co. arrives just weeks after rural retailer Tractor Supply ended an array of its corporate diversity and climate efforts. Both announcements came after backlash piled up online from conservative activists opposed to diversity, equity and inclusion efforts, sponsorship of LGBTQ+ Pride events and climate advocacy. “If it’s so polarizing that people just abandon it, then we all lost.”Legal attacks against companies’ diversity, equity and inclusion efforts have also drawn more attention following the Supreme Court’s 2023 ruling to end affirmative action in college admissions. That doesn’t mean companies will stop their DEI efforts entirely, she added, but they may have to change language or find new workarounds.
Persons: John Deere, Robby Starbuck, Starbuck, John Deere’s, it’s, , Eric Bloem, John Boyd , Jr, John C, Deere, Bud Light, aren’t, SHRM, Johnny C, Taylor, Jr, Jen Stark, Donald Trump, Stark Organizations: Deere, Co, Tractor Supply, Conservative, Human Rights, Associated Press, Supply, Human, , Black Farmers Association, Deere &, Labor Department, Target, Society for Human Resource Management, LinkedIn, AP, Center for Business, Social, Heritage, Republican Locations: The Moline , Illinois, Brentwood , Tennessee, BSR, U.S
Investors are flocking to small-cap stocks right now, driving this segment of the market to new highs this week. He also noted that the Russell 2000 is outperforming the S & P 500 by the widest margin since November 2021. But according to him, one group of small-cap stocks could do well if rates were to stay higher for longer: regional banks. However, Turnquist cautioned that small-cap growth stocks would find the outlook tougher than small-cap value stocks, as they are more sensitive to economic health. How to play small-caps Investors who have been making a play for small-caps include billionaire Stanley Druckenmiller , who revealed a big bullish position in small-cap stocks last quarter.
Persons: Russell, Adam Turnquist, Turnquist, we've, There's, Trump, Kelvin Wong, Donald Trump, Wong, Stanley Druckenmiller, FactSet, David Dietze, Dietze, Jay Hatfield, Kilroy, Jefferies, Hatfield, , Yun Li Organizations: CNBC, LPL, U.S . Federal, Federal Reserve, Citi, Wealth Management, CNBC Pro, Corp, Jefferies Locations: U.S, America
Read previewThis as-told-to essay is based on a transcribed conversation with a digital marketer Aivaras Vilutis, about being a 28-year-old living in Vilnius, Lithuania. I've lived here most of my adult life. Vilnius is an affordable location for young peopleWhile working in Vilnius, I've earned more than my parents did in their small town. I prefer Vilnius to other places I've lived as a young personI love my country. I don't think people in old age would classify Lithuania as one of the happiest places in the world.
Persons: , Aivaras, I've, I'd, didn't, We're, I'm Organizations: Service, Business, NASA, Nord Security Locations: Vilnius, Lithuania, Lithuanian, neurophysics, America, Kaunas, Klaipėda, Western Europe, Eastern Europe, Italy, it's, Soviet, Portugal
At a February event, Vance raised concerns about Alphabet and Meta Platforms , saying that the technology behemoths have hurt tech innovation and pose potential risks to democracy. Trump would completely delegate the tech policy agenda to anyone given his personal interest in that space," Gallant wrote. "But we believe Sen. Vance would be a very important voice — perhaps decisive on some matters — in view of experience in the tech sector ... and of tech policy." Cryptocurrencies Many Wall Street analysts also expect Vance to maintain a favorable stance toward digital assets under a Trump White House. These stocks should fare well given Trump's favorable view toward digital assets, Boltansky said.
Persons: Donald Trump, Trump, J.D, Vance, Peter Thiel, Stifel's Brian Gardner, Sen, Vance's, it's, Research's Blair Levin, Isaac Boltansky, Boltansky, TD Cowen's Paul Gallant, Lina Khan, Pres, Gallant, Raymond James, Ed Mills, Cryptocurrencies, Elizabeth Warren, Stifel's Gardner, Wolfe Research's Tobin Marcus Organizations: Ohio, Yale Law School, Republican Party, GOP, Technology, Twitter, Federal Trade, Street, Trump White House, Trump, Banking, Visa, Mastercard, U.S, Republican Locations: Washington
London CNN —The International Monetary Fund has warned that stubborn inflation could keep interest rates higher for longer than expected, increasing fiscal and financial risks around the world. Persistently high prices for services — which include haircuts, hotels and restaurants — as well as escalating trade tensions are propping up inflation and raising the prospect that interest rates will stay high for a while yet, the IMF cautioned Tuesday in its latest World Economic Outlook. The warning highlights that the global economy is not yet in the clear when it comes to inflation, which explains the caution on the part of central banks in cutting interest rates. However, services inflation came in higher than expected. The agency blamed sticky services price inflation for “holding up progress” on reducing overall inflation.
Persons: Jerome Powell Organizations: London CNN —, Monetary Fund, Bank of England, European Union, IMF Locations: , United States, China, India, E.T
It's a juicy prize for winning a generative AI coding competition hosted by Inriver's owners, private equity firm Thomas H. Lee. It's one way the Boston-based buyout firm has been able to implement generative AI coding assistants among its portfolio of middle-market companies. The goal is to accelerate software development so that portfolio companies can do more work with the same amount of resources. He also persists that deploying generative AI coding assistants is not a cost exercise, but a means to productivity. Now, the key for the SRG is educating portfolio companies on what problems AI can fix and which it can't.
Persons: Thomas H, Lee, Mark Benaquista, Benaquista, THL, Github, Alex Sabel, Sabel, Jagjit Singh, He's, Singh, it's Organizations: Service, THL's Strategic Resources Group, Engineering, THL, Boston, Apple Watch, Apple Locations: Philippine, Boston, genAI, India, Netherlands, Philippines
What Trump 2.0 Could Mean for the Environment
  + stars: | 2024-07-16 | by ( Brad Plumer | Lisa Friedman | ) www.nytimes.com   time to read: +1 min
As president, Donald Trump’s sweeping attempts to roll back federal environmental regulations were often stymied — by the courts, by a lack of experience, even by internal resistance from government employees. “It’s going to be easier,” said Myron Ebell, who led the transition at the Environmental Protection Agency after Mr. Trump won in 2016. “They’re going to have better people, more committed people, more experienced people. They will be able to move more quickly, and more successfully, in my view.”On the campaign trail, Mr. Trump has promised to repeal federal regulations designed to cut greenhouse gas pollution that is rapidly heating the planet. They are drafting plans to slash budgets, oust career staffers, embed loyalists in key offices and scale back the government’s powers to tackle climate change, regulate industries and restrict hazardous chemicals.
Persons: Donald Trump’s, Trump, “ It’s, , Myron Ebell, “ They’re Organizations: House, Mr, Environmental, Agency
Elon Musk is going all-in on Donald Trump
  + stars: | 2024-07-16 | by ( Chris Isidore | ) edition.cnn.com   time to read: +5 min
New York CNN —At first glance Elon Musk and Donald Trump wouldn’t seem to be natural allies. Musk has given money to candidates from both parties in the past, including $5,000 to Barack Obama in April of 2011. Musk quit two White House business councils he served on early in 2017 after Trump announced America would withdraw from Paris climate accord. But for the last several years Musk has repeatedly shown support for Trump – or opposition to President Joe Biden. Musk recently tweeted the EV subsidies passed under Biden actually helped its rivals more than Tesla.
Persons: Elon Musk, Donald Trump wouldn’t, Musk, Barack Obama, Trump, , DJT, “ influencers, , Tesla, ” Musk, haven’t, , Joe Biden, Twitter, Biden Organizations: New, New York CNN, Street, PAC, Democratic, Republican, Trump, America PAC, White, America, Twitter, Biden Administration, EV, Biden, SpaceX Locations: New York, America, , Elon, Delaware, Paris
JPMorgan highlighted Amazon as its best idea going into the second-quarter earnings season for technology stocks, followed by Uber and Google . JPMorgan analyst Doug Anmuth wrote that the Wall Street bank remains bullish on larger players in the industry, for now. The analyst highlighted Amazon as his favorite stock for the near and long term. Amazon stock has gained 27% this year. "Google remains focused on innovation, and we continue to believe there is healthy runway across Search and YouTube ads as AI drives higher ROI & TV dollars shift online," the analyst wrote.
Persons: Uber, Doug Anmuth, Anmuth, Michael Bloom Organizations: JPMorgan, Google, Amazon Web, Costco, YouTube
Ahrens has over 25 years of experience with vice stocks and oversees six AdvisorShares ETFs, including the AdvisorShares Vice ETF (VICE). More than just beer and cigarettesThere's also a lot more to vice investing than just tobacco and alcohol stocks. "Tobacco stocks and alcohol stocks and other similar stocks are in all the major index indexes in the United States," Ahrens said. By purchasing a share of an S&P 500 index fund, investors are inadvertently already exposed to vice stocks. They are all constituents of the AdvisorShares Vice ETF (VICE).
Persons: , Dan Ahrens, Ahrens, " Ahrens, There's, Philip Morris Organizations: Service, AdvisorShares, Business, Nvidia, Philip Morris International, Gaming, MGM Resorts, MGM, Caesars Entertainment, Wynn Resorts, WYNN Locations: China, United States, Las
Read previewFormer President Donald Trump has finally announced his running mate — and his choice means you'll likely hear a lot about tariffs on China in the coming months. Tariffs, or taxes on goods imported from another country, are intended to raise government revenue and bolster domestic manufacturing. As president, Trump was staunchly protectionist and used tariffs to enforce his "America First" policies — he imposed a series of tariffs on China that ultimately led to a trade war between the two economies. According to the Tax Foundation, Trump's tariffs raised taxes by nearly $80 billion. Biden's tariff policies have been more targeted than Trump's.
Persons: , Donald Trump, Sen, JD Vance —, Ohio —, Vance, Trump, Joe Biden, — Trump, Biden, they're, Joseph Stiglitz Organizations: Service, Trump, Republican, Trump Republican, Business, CBS News, Tax Foundation, CBS Locations: China, Ohio, United States, America, Pennsylvania, Michigan,
CNN —In 2018, Jonathan and Trista Schmier felt the economy was so strong that they could take a big risk. “The customers got very, very upset.”Trista and Jonathan Schmier felt confident enough about the economy during the Trump administration to open a small chain of restaurants. Poll after poll show that voters have more faith in Trump’s ability to handle the economy than President Joe Biden’s. By many measures, however, the economy under Biden — who took office while the pandemic was still underway — has also been strong. “I trust the other guy better,” said Southworth, 74, referring to Trump, whom he voted for in 2016 and 2020.
Persons: Jonathan, Trista Schmier, Angus, , Jonathan Schmier, ” Trista, Trump, Andrew Craft, Donald Trump, Joe Biden’s, Biden, Carroll Doherty, Doherty, Trump’s, Barack Obama, Biden —, , Bernard Yaros, ’ paychecks, Jimmy Carter, ” Yaros, Yaros, Ted Southworth, Ted, Rebecca Southworth, Ted Southworth Southworth, Southworth, Becky Cantrell, Cantrell Organizations: CNN, Fayetteville Observer, USA, Pew Research Center, Biden, Black Americans, Census Bureau, Oxford Economics, Trump Locations: Burger, Fayetteville , North Carolina, Burlington , North Carolina, , Florida
The US is taking an unnecessarily tough stance on China, Stephen Roach said. The Yale professor told the Odd Lots podcast that reducing the deficit is a better way to improve the US economy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US needs to readjust its approach to China or risk deep and unnecessary fallout between the world's two biggest economies, Yale economist Stephen Roach said. The former Morgan Stanley China chairman blasted each country's mounting antagonism on Bloomberg's Odd Lots podcast, sharing dim views on rising trade barriers.
Persons: Stephen Roach, Roach, , Morgan Stanley, Donald Trump, Joe Biden Organizations: Yale, Service, Beijing, Business Locations: China
Unlike the main wedding festivities over the weekend, this event was "just for close family and friends," she said. AdvertisementMukesh Ambani, the Chairman of Reliance Industries, Isha Piramal, Anand Piramal, Nita Ambani, Anant Ambani, Rihanna, Radhika Merchant, Shloka Mehta Ambani and Akash Ambani stand on the stage. Decorations around the Ambani family's residence in Mumbai, India, ahead of the wedding of Anant Ambani on July 12. Priyanka Chopra Jonas and Nick Jonas attend the Ambani wedding on Friday. Kim Kardashian and Khloe Kardashian were among a number of high-profile guests at the Ambani wedding in Mumbai.
Persons: , Anant Ambani, Radhika Merchant's, Merchant's, I'm, Nita Mukesh Ambani, Mukesh Ambani, Isha Piramal, Anand Piramal, Nita Ambani, Rihanna, Radhika Merchant, Shloka Mehta Ambani, Akash Ambani, Justin Bieber, You'll, They're, Ambani, Bhushan Koyande, Celebrities, Preston Bailey, Anant, Priyanka Chopra Jonas, Nick Jonas, Francis Mascarenhas, everyone's, Kim Kardashian, Khloe Kardashian, Kardashian, Narendra Modi, Luis Fonsi, John Cena, PUNIT PARANJPE, didn't, Law Roach Organizations: Service, Business, sangeet, Reliance Industries, Reuters, Staff, Hindustan Times, Getty Images Merchant, Vogue, Hollywood, Food, India's Locations: Mumbai, India, Bombay
The wedding was followed by a blessing ceremony on Saturday, where Prime Minister Narendra Modi bestowed the young couple and their families with well wishes. No expense was spared by the family that owns India’s largest private corporation, Reliance Industries. Kim and Khloé Kardashian are seen leaving their hotel on their way to a wedding event on Saturday. Anant Ambani and Radhika Merchant at their wedding ceremony on Friday. An event as huge in scale as the Ambani-Merchant celebration would emit far more carbon than even the largest and most lavish Indian wedding, he added.
Persons: CNN —, Anant Ambani, Radhika Merchant, Kim, Khloé Kardashian, Narendra Modi, Mangal Utsav ”, Anant’s, Mukesh, The Ambani, Abu Jani Sandeep Khosla, Ambani, Sabyasachi Mukherjee, Merchant, Jayasri Burman, Rhea Kapoor, Anamika Khanna, Shah Rukh Khan, Savita Chhibber, Gauri Khan, Suhana Khan, Prodip Guha, Preston Bailey, Serena Williams, LeBron James, Bailey, Ambani’s, , Akash, Isha, Manish Malhotra, India ”, Justin Bieber, , Shamita Yadav, Sushant Singh, Adar Poonawalla, Natasha Poonawalla, Punit Paranjpe, Ashwin Malwade, Mark Zuckerberg, Ivanka Trump, Bill Gates, Karlie, Rihanna Organizations: CNN, British, Reliance Industries, Forbes, Convention, Gabbana’s, , Centre for Policy Research, Mr, Chhatrapati Shivaji International Locations: Mumbai, Varanasi, India, Indian, Jamnagar, AFP, Chhatrapati
OpenAI has led the AI race with ChatGPT, which attracted one million users shortly after it became available in November 2022. AdvertisementBut OpenAI's new flagship AI model, GPT-4o, which was announced during OpenAI's Spring Update, has improved capabilities in these areas and "can reason across audio, vision, and text in real time." Here are some of the GPT-4o features that can help make your workday more productive. AdvertisementTo create a GPT, you can go to this site and select "Create a GPT." OpenAI's GPT Builder can create personalized GPTs to fit users' specific needs.
Persons: , ResumeTemplates.com, ChatGPT, OpenAI Organizations: Service, Business, Microsoft Locations: Washington
With digital price tags, big retailers, in theory, could do the same. Federal Reserve Chair Jerome Powell has said that type of dynamic pricing is "incredibly important in our economy." AdvertisementSome experts agree, saying dynamic pricing practices could benefit consumers who are able to gain some understanding of the system and shop around. After customers complained online that those changes would surge prices, a spokesperson announced the company did not intend to implement surge pricing. How does dynamic pricing impact you?
Persons: There's, Uber, it's, Greg Cathey, Elizabeth Pancotti, Pancotti, Jerome Powell, Powell, John Zhang, Wendy's, Sen, Sherrod Brown, Zhang, Organizations: Service, Walmart, Business, Roosevelt Institute, Federal, Wharton School, University of Pennsylvania, Democratic, SNAP
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