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☆ Morgan Stanley says memory stocks are set for 'new highs' and names its top picks
▼ + stars: | 2024-06-27 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Morgan Stanley analysts say they are expecting the computer memory sector to hit new highs over the rest of 2024, despite investors "generally" not being comfortable buying such stocks at such lofty prices. Aside from their attractive valuations, memory stocks are expected to see a lift in demand on the back of stronger usage of artificial intelligence-powered applications, infrastructure, tools and services, the analysts added. Top pick and overweight-rated stocks SK Hynix , the South Korean chipmaker, is Morgan Stanley's "top pick." Both stocks trade on the Korean Exchange and in the iShares MSCI South Korea ETF (SK Hynix has a 10.7% weight while Samsung Electronics has a 22.2% weight). Morgan Stanley is overweight on the stock and gives it a price target of $86, or nearly 12% upside.

Persons: Morgan Stanley, Shawn Kim, Morgan Stanley's, — CNBC's Michael Bloom Organizations: SK Hynix, Samsung Electronics, South Korean, SK Hynix —, Samsung, Korean Exchange, Western Locations: Korean, Korea

☆ Evan Gershkovich: Russia begins espionage trial of US reporter behind closed doors
▼ + stars: | 2024-06-26 | by ( Christian Edwards | ) edition.cnn.com time to read: +7 min

CNN —The trial of Evan Gershkovich, the first American journalist to be arrested on espionage charges in Russia since the Cold War, began Wednesday morning in a closed door hearing that has been condemned by his newspaper and the United States. While many newsrooms subsequently pulled their reporters out of Russia, Gershkovich remained, covering the war and how it was changing life in Russia. Footage on Wednesday morning showed Gershkovich inside a glass court cage, his head shaved, ahead of the trial due to start imminently behind closed doors. The trial of Gershkovich, the American-born son of Soviet-era emigres to the US, has highlighted the extent to which Russia’s invasion of Ukraine has harmed relations between Moscow and Washington. Gershkovich seen inside an enclosure for defendants in Yekaterinburg, Russia on June 26, 2024.

Persons: Evan Gershkovich, Gershkovich, Gershkovich “, Matthew Miller, ” Miller, Ella Milman, Mikhail Gershkovich, “ He’s, ” Milman, He’s, Evan, Evgenia Novozhenina, Natalia Kolesnikova, Emma Tucker, “, ” Tucker, Joe Biden, Evan ”, Paul Whelan, Whelan, ”, Biden, Brittney Griner, –, Griner, Viktor Bout, Bout, Putin, Tucker Carlson, Andrei Soldatov, Vladimir Putin, Vadim Krasikov, ” Putin, Gershkovich’s, Mikhail Organizations: CNN, Wall Street, Russia, CIA, WSJ, US State Department, State, Reuters, Getty, Journalism, “, Kremlin, Tucker Carlson Network Locations: American, Russia, United States, Ukraine, Yekaterinburg, Moscow, Washington, Sverdlovsk Regional, Russian, Moscow’s, AFP, Soviet, Ukrainian, Chechen, Berlin

☆ Starbucks debuts fruity energy drink less than two months after Panera discontinues highly caffeinated Charged Lemonade
▼ + stars: | 2024-06-25 | by ( Elizabeth Chuck | ) www.cnbc.com time to read: +5 min

The fruity energy drink debuts less than two months after bakery-cafe chain Panera Bread announced it was discontinuing its controversial Charged Lemonade, a beverage that lawsuits blamed for two deaths and referred to as a "dangerous energy drink." The Iced Energy comes in three flavors, including its most caffeinated flavor, Tropical Citrus, which has 205 milligrams of caffeine, according to Starbucks' website. Panera started phasing out the Charged Lemonade on May 7, and it has denied any wrongdoing, saying it removed the beverage as part of a broader menu transformation. Except for its Frozen Tropical Citrus Iced Energy with Strawberry Puree, Iced Energy is sugar-free, containing artificial sweeteners. Charged Lemonade and Iced Energy are part of a growing category called "functional beverages" that chains big and small are eager to jump into, according to experts.

Persons: Brian Warrener, Panera, Dunkin, Bull Organizations: Starbucks, Energy, Center for Beverage Education, Innovation, Johnson & Wales University, Consumers, Drug Administration, American Academy of Pediatrics Locations: Providence , Rhode Island, Chicago, Russia, U.S, Coke

☆ I'm a boomer who moved to a new community and felt lonely. I made friends by doing things I cared about and staying active.
▼ + stars: | 2024-06-25 | by ( Ellen Acconcia | ) www.businessinsider.com time to read: +4 min

Locked down and unable to meet neighbors or join community activities, I was now relegated to the couch in a cast. AdvertisementFinding my place in a new community took time, especially during the solitary days early on in the pandemic. How I took charge of making new friendsBefore we moved, we had a large group of friends of all ages. Courtesy Ellen AcconciaI found friends while doing things I cared aboutI love books, and searching for opportunities to help my wider community led me to our local literacy council. AdvertisementI stayed active and found friends who were staying active, tooAfter my ankle healed, I discovered a local gym offering a 30-minute daily workout.

Persons: —, Ellen Acconcia, we've, I've, There's, I'm Organizations: Service, Business Locations: North Carolina, Canada, Spain

☆ Exclusive: London VC fund and Depop-backer Octopus Ventures has made layoffs to its investment staff
▼ + stars: | 2024-06-24 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Read previewOctopus Ventures, a London-based investment firm, has laid off 8 employees, sources have told Business Insider. Related storiesSeparate from the layoffs, Malcolm Ferguson, who led Octopus Titan VCT, has left the fund to join London firm ETFS Capital. Following the headcount reduction, the investment team across all Octopus funds totals 41 people. Octopus Ventures' portfolio includes Elliptic, Secret Escapes, ManyPets, and Peak.ai. Octopus Ventures serves as the venture arm of Octopus Group.

Persons: —, Malcolm Ferguson, Jo Oliver Organizations: Service, Business, Capital, COVID, Octopus Ventures, Octopus Locations: London

☆ I live rent-free in NYC. Moving into a van has allowed me to save, avoid taking out loans, and live a life of adventure.
▼ + stars: | 2024-06-24 | by ( Gerardo Rios Garcia | ) www.businessinsider.com time to read: +6 min

My journey into van life began when I was a kid, listening to my grandpa's stories about road trips around Mexico and the US. Gerardo Rios GarciaAt just over 46 square feet, my van poses significant challenges. Financial independence is another significant benefit of my van life. Van life has been an incredible journey of self-discovery and growthThe van parked on a city street. However, I truly believe living in a van has positively impacted my professional and academic life.

Persons: —, grandpa, Gerardo Rios Garcia, van, I'm, I've, Gerardo Rios Garcia Van, There's, haven't Organizations: Service, Columbia University, United Nations, Volkswagen, Business, Columbia University's, UN Locations: Manhattan, Mexico, North America, Arizona, Albuquerque , Kansas City, Indianapolis

☆ A millennial who raised $24 million to invest in properties using an 80-page pitch deck shares the key to his success beyond the deck itself — and how to get started in real estate
▼ + stars: | 2024-06-22 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

At the time, he was bringing in between $25,000 and $30,000 a month from his personal real estate portfolio, he said. "I deployed that $7 million and bought about $25 million worth of property within 10 months," he told BI. His second fund closed at just under $24 million. "Put 5% down," he advised (many new investors get started with FHA loans that allow you to put down as little as 3.5%). If you maintain your current lifestyle, you can use those savings to buy a second property.

Persons: James Berkley, syndicator, Berkley, — Organizations: Service, Business Locations: Boston, New York City, Worcester , Massachusetts, Worcester, Berkeley

☆ The Dog Days of Summer Are Here Early. New York City Is Adapting.
▼ + stars: | 2024-06-21 | by ( Hilary Howard | ) www.nytimes.com time to read: +1 min

As spring turned to summer this week, extreme heat caught much of New York City by surprise, sending concerned residents to prepare for rising temperatures earlier than usual, while various city agencies, civic organizations and businesses have also been adjusting their seasonal calendars. As climate change extends the traditional summer and batters the city with spontaneous rain storms, many New Yorkers are discovering that they are not quite in sync with the weather anymore and have to rethink how to adapt to the passing months. Look no further than this week: The city has already activated its first heat emergency plan of the year, but school remains in session, pools have yet to open and public beaches are still staffing up with lifeguards. For the most part, New Yorkers made modest adjustments to their schedules, postponing outings or being cautious if they pressed ahead, exercising and running errands, for example, during the morning and the evening — the coolest parts of the day.

Organizations: New Yorkers Locations: New York City, New

☆ Wyoming, Delaware, and Montana are the most entrepreneurial states of 2024 so far. It might be due to business-friendly taxes.
▼ + stars: | 2024-06-21 | by ( John Towfighi | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Delaware and Montana are second and third in new business openings per 100,000 residents since the start of 2024. AdvertisementThe boom in business translates to 283 new businesses per 100,000 residents in Wyoming, 153 in Delaware, and 106 in Montana. Wyoming also led the nation in new business applications per capita in 2023, according to the Chamber of Commerce. Business-friendly taxationWyoming, Delaware, and Montana are all particularly attractive to new business owners due to their tax laws. AdvertisementAre you a new small-business owner in Wyoming, Delaware, or Montana?

Persons: —, Louis Fed, LendingTree, Louis, EIG Organizations: Service, Business, Census, Chamber of Commerce, Fed, of Labor Statistics, Louis Fed, Tax Foundation, Washington D.C, Fortune, state's, Corporations, Economic Innovation Group Locations: Wyoming, Delaware, Montana, In Montana, New York City, San Francisco, South Dakota, Nevada, Washington, , Wyoming, West, Wyoming , Delaware

☆ Art experts and millionaires head to a Swiss town once a year for its annual Art Basel festival. Here's what it's like to visit as a first-timer.
▼ + stars: | 2024-06-21 | by ( Monica Humphries | ) www.businessinsider.com time to read: +8 min

I traveled to my first Art Basel, an international art fair hosted each summer in Basel, Switzerland. Collectively, this made up Art Basel, the world's premiere art show, where more than 250 gallerists feature 4,000 artists. Photo Basel and the Liste Art Fair Basel are hosted on the same weekend. Clara Tuma for BIBefore arriving in Basel, the art fair felt vaguely familiarI can't pinpoint the first time I heard about Art Basel. Growing up in Florida, I'm sure I heard murmurs about Art Basel Miami, one of the four locations where Art Basel fairs are held each year.

Persons: —, Paloma Varga Weisz, Gordon Parks, Pat Steir, Clara Tuma, could've, I'm, David Zwirner, Joan, Serena Williams, Julio Le Parc, Ryan Gander, Keith Haring, Francisco Sierra's, Alfredo Jaar's, Seba Calfuqueo, gallerists, crosse, Beyeler, Agnes Denes, Basel's, Mandy El, Eric Hattan, Eric Hattan's Organizations: Art Basel, Service, Art, BI, Liste Art Fair, Basel, Art Basel Miami, FDR, New, Botanical, tote Locations: Basel, Switzerland, Art Basel, Swiss, Art, Florida

☆ How to become an influencer and start making money
▼ + stars: | 2024-06-21 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +13 min

Maesha Shonar, a micro influencer with 24,000 followers on Instagram, previously told BI she had such a highly engaged audience. Take a look at new data on influencer brand deals in 2024Platforms also pay creators based on their video views and engagement. Read more about how TikTokers can score huge paydays for longer videosOn Snapchat, creators have had success making money from its ad-revenue program. Related storiesAffiliate marketing is another popular way to make money after becoming an influencer. Nino de Guzman said she launched the app to help show others how easy it was to become an influencer and make money from social media.

Persons: —, Ayomi Samaraweera, Samaraweera, Nadya Okamoto, influencers, Stacy Kim, Maesha, Instagram, Nate White, I've, MrBeast, Read, videographer Tej Patel, AJ, Grey, influencer Janesha Moore, Moore, makeups, Paulina Perez, she's, Perez, Slack, Lissette Calveiro, Christen Nino de Guzman's Clara, Nino de Guzman, Christen Nino De Guzman, Alix Earle ., Kensington, that's, Danielle Pistotnik, publicists Organizations: Service, YouTube, Business, Samsung, Verizon, Amazon, Brand, UTA, CAA, Management Locations: California

☆ Newly discovered dinosaur’s horns look ‘like something a heavy metal rocker would wear’
▼ + stars: | 2024-06-20 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +8 min

“It’s an area that’s known for producing horned dinosaurs. In fact, there are four other species of horned dinosaurs known from this particular region,” Sertich said. Fossils of the four other species of similar horned dinosaurs with which it shared its habitat were discovered in the same area. Different types of horned dinosaurs have distinct horns along the edge of that frill. “The bodies of these horned dinosaurs are very similar, yet their heads are adorned with some wild head gear.”Similar appendages are found on the heads of horned lizards, Lyson added, except in these horned dinosaurs, they are attached to multiton bodies.

Persons: ”, Joseph Sertich, “, ” Sertich, Lokiceratops, Mark Eatman, ” Eatman, don’t, They’re, it’s, Loki, Sertich, Brock Sisson, Ben Meredith, Mark Loewen, Steve Brusatte, ” Brusatte, David Norman, ” Norman, Tyler Lyson, “ I’m, “ It’s Organizations: CNN, Smithsonian Tropical Research Institute, Colorado State University, North Carolina Museum of Natural Sciences, Museum, of Evolution, telltale, of Utah, University of Edinburgh, University of Cambridge, Denver Museum of Nature & Science Locations: Maribo, Denmark, Montana, Canada, North America, Raleigh, Lokiceratops, Salt Lake City, United Kingdom

☆ Here’s What You Discover When You Walk Every Block in New York City
▼ + stars: | 2024-06-17 | by ( Lola Fadulu | ) www.nytimes.com time to read: +1 min

This is Street Wars, a weekly series on the battle for space on New York’s streets and sidewalks. As the sun climbed in the sky, it was largely quiet. Birds could be heard chirping, and so could the shh of tree leaves swaying in the breeze. Occasionally the beeps from a garbage truck pierced the silence, as did the rumble of a subway train passing overhead. Many New Yorkers find the simple act of being a pedestrian in the city a challenge.

Persons: Greg Miller Locations: Astoria , Queens, Park, Brooklyn

☆ Washington Post CEO Will Lewis faced with new allegations of phone hacking
▼ + stars: | 2024-06-16 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +6 min

Citing a former co-worker of Lewis’, a private investigator and its own investigation of newspaper archives, the New York Times said Lewis used phone and company records that were “fraudulently obtained” through hacking and paying sources for information. A spokesperson for the Washington Post told CNN Lewis declined to comment. The Washington Post did not respond to CNN with regard to these allegations. “It’s as bad as I’ve ever seen it, truly,” one staffer said earlier this month, noting that the Washington Post has hit “rough patches” before but that the stormy atmosphere hanging over the outlet is unprecedented. In an opinion piece for the Guardian on Wednesday, Sullivan wrote that firing Lewis and finding a new CEO is “the cleanest, best move” Washington Post owner Jeff Bezos could make.

Persons: Will Lewis, Lewis ’, Lewis, “, Margaret Sullivan, Craig Newmark, Sally Buzbee, CNN Lewis, Rupert Murdoch’s, Prince Harry, Guy Ritchie, Hugh Grant, Buzbee, ”, “ It’s, Sullivan, Jeff Bezos, Bezos, — Organizations: New, New York CNN, New York Times, Times, Craig Newmark Center for Journalism, Columbia University’s School of Journalism, CNN, of Professional Journalists, Washington Post, Washington, Murdoch’s News Corporation, NPR, The Washington Post, Guardian, ” Washington Post Locations: New York, Washington, London

☆ Caitlin Clark: WNBA star says people weaponizing her name is ‘disappointing’
▼ + stars: | 2024-06-14 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —As she adjusts to life in the WNBA, rookie phenom Caitlin Clark is also having to navigate becoming a lightning rod for societal discourse. “It’s disappointing,” replied Clark ahead of the Indiana Fever’s home game against the Atlanta Dream. Her rivalry with fellow star Angel Reese, for example, has triggered discourse about race in the US. Clark has had a mixed start to her WNBA career so far, showing flashes of her brilliance but struggling initially with the physicality of the professional game. “Nobody’s apathetic about the WNBA because we’ve brought in so many new fans into what we call the fan funnel this year.”

Persons: Caitlin Clark, Clark, she’d, “ It’s, ”, “, Steph Chambers, Angel Reese, Reese, I’ll, ” Reese, ‘, ” Clark, don’t, DiJonai Carrington, ” Carrington, reignite, Cathy Engelbert, haven’t, ’ ’, Engelbert of Clark, “ We’re, Caitlin, Engelbert, Cameron Brink, we’ve Organizations: CNN, WNBA, Indiana Fever, Indiana Fever’s, Atlanta, Seattle Storm, NCAA, Sun, Twitter, Indiana, Chicago Sky, USA, Wednesday Locations: USA

☆ Power stocks up, SaaS challenges and awaiting AI updates at Apple's big event
▼ + stars: | 2024-06-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

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. Club stock Eaton traded more than 2% higher at one point Monday after pulling back more than 5% last week. 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, Eaton, there's, We're, Jim, Salesforce, we'll, Jim Cramer's Organizations: CNBC, Nasdaq, Nvidia, Club, Dell Technologies, Micro, Dover Corp, Energy, Constellation Energy, GE Vernova, Justice, Developers, Apple, Vision, Jim Cramer's Charitable, Apple Inc Locations: United States, China, Cupertino , Calif

☆ With congestion pricing stop, New York City enters new era of economic gridlock
▼ + stars: | 2024-06-09 | by ( ) www.cnbc.com time to read: +9 min

Alexander Spatari | Moment | Getty ImagesAs U.S. cities continue their recovery from the pandemic and inflation, New York City was expected to provide a key national test for the economic value of congestion pricing. A cost of living crisis, preparing for climate challenges, and aging infrastructure, including public transportation, all made the congestion pricing plan make sense to many. Her group also has supported a congestion pricing plan for two decades. The long, and often losing, history of congestion pricing The battle over congestion pricing in New York City has a much longer history than you may think. In 2007, then-New York City Mayor Michael Bloomberg made the case for congestion pricing, but couldn't get enough support in the state's capital.

Persons: Alexander Spatari, United States —, Kathy Hochul, Hochul, JPMorgan Chase, Jamie Dimon, —, Kathryn S, Wylde, Josh Gottheimer, William Vickrey, Michael Bloomberg, Andrew Cuomo, Cuomo, that's, Gottheimer Organizations: Metropolitan Transportation Authority, MTA, New, Business District, Gallup, JPMorgan, New York's Department of Transportation, Partnership, Community Service Society, MTA Traffic, Regional Plan Association, Jersey Transit, New York City, New York Times, New York, Buffalo . Rep, Buffalo Bills Locations: New York City, United States, Covid, Manhattan, New York, New Jersey, New Jersey's Sussex County, Jersey, Connecticut, Long Island, Southeastern New York, New, Buffalo

☆ Kathy Hochul Made the Wrong Decision on Congestion Pricing - The New York Times
▼ + stars: | 2024-06-06 | by ( Tom Wright | Kate Slevin | ) www.nytimes.com time to read: +1 min

Kathy Hochul’s decision to “indefinitely pause” congestion pricing in Manhattan is likely to reverberate for decades, much like the former New Jersey governor Chris Christie’s decision in 2010 to block construction of a badly needed new rail tunnel under the Hudson River. Both were short-term choices that pushed aside critical long-term investments in the most mass-transit-dependent metropolitan area of the nation. The decision by Mr. Christie, which he said was based on the project’s cost, compromised the region’s competitiveness, economy and environment. Ms. Hochul’s action raises questions about whether congestion pricing, which was set to begin at the end of the month, will ever happen. It will mean continued congestion on some of the world’s most traffic-stymied streets and no relief from the air pollution from auto and truck exhaust.

Persons: Kathy Hochul’s, Chris Christie’s, Christie, Hochul’s, Christie’s Organizations: New, New Jersey Transit, Amtrak, Metropolitan Transportation Authority Locations: Manhattan, New Jersey, Hudson, Jersey

☆ Opinion: How this very English sport found a home in America
▼ + stars: | 2024-06-06 | by ( Opinion Ashish Ravinran | ) edition.cnn.com time to read: +8 min

India and Pakistan will take on each other in the Men’s T20 World Cup. But I soon realized that one of the unexpected pleasures of cricket in America was seeing the sport bloom between the cracks. Through their eyes, the New York cricket world continued to bloom in front of me. I discovered weekend leagues, a high school league and peculiarly, the NYPD Youth Cricket League — the subject of my upcoming feature documentary. This year there’s a second competition, the National Cricket League, headquartered in Dallas, home to a large South Asian community.

Persons: Ashish Ravinran, ”, Read, Ashish Ravinran Richa Dayal, who’d, ” Tanvir Ahmed, who’ve, Alex Davidson, We’re, we’ve, I’ve, Ramchandra, Fawwaz Baksh, They’ve, Bolt, Sean Paul, America ’, they’d Organizations: NYPD, CNN, South, Oxford, Cricket, New, NYPD Youth Cricket League —, Citi Field, American, Major League Cricket, National Cricket League, American College Cricket, West Indies, ICC, Bangladesh, Nassau County International Cricket, ” Sports, Local, World Trade Center, Times, Twitter, Facebook, America, Angeles Locations: Singaporean, New York City, Long, , New York, India, Pakistan, America, Caribbean, New York, Singapore, Bangladeshi, Brooklyn, Corona Park, Queens, Prairie, Texas, Morrisville, North Carolina, Dallas, Lauderhill, Florida, Jamaican, West, Canada, Eisenhower, Manhattan, Fort Lauderdale, Bangladesh, Texas , Florida

☆ What Did Jenna Lyons Sell at Her Stoop Sale?
▼ + stars: | 2024-06-05 | by ( Anna Kodé | ) www.nytimes.com time to read: +1 min

On the third floor of a building in SoHo, Jenna Lyons sat frantically scrubbing a pair of Lanvin shoes. “When I moved to Brooklyn, that was the first time I’d ever seen a stoop sale. The event ended up being a much larger, more stressful production than a typical New York stoop sale — and it didn’t take place on a stoop. Ms. Lyons had to institute a cover charge to help manage the crowd, and a “Real Housewives” film crew was present asking visitors to sign waivers. At first, Ms. Lyons said she pushed back against the filming — “I was like ‘please no, I just want to have a sale.’”

Persons: Jenna Lyons, ”, “, haggle, Lyons, ’ Organizations: Housewives, New, New York City Locations: SoHo, New York, Brooklyn, California

☆ I dodged a 15% rent increase because of a new NYC housing protection law. Here's how to know if it could save you money.
▼ + stars: | 2024-06-01 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

They said my building was covered under the new Good Cause Eviction law, and my rent increase would instead be 8%. AdvertisementWhat is Good Cause Eviction? Good Cause also has what's called the reasonable rent increase measure: Buildings covered under Good Cause have limits on how much landlords can raise rent. I was under the impression that this building falls under the good cause eviction umbrella. Will Good Cause Eviction change or impact your life?

Persons: Weaver, —, Ellen Davidson, Davidson, Allia Mohamed, it's, Mohamed, that's Organizations: Service, Business, New, New York, Housing Justice, —, Legal Aid Society Locations: New York City, Central Park, New, New York, Bronx, Brooklyn

☆ Western countries are lining up to name and shame China for overproduction
▼ + stars: | 2024-05-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

Read previewWestern countries are lining up to call out China for its barrage of cheap exports that are flooding the world's markets. "We will continue to monitor the potential negative impacts of overcapacity and will consider taking steps to ensure a level playing field, in line with World Trade Organization (WTO) principles." China pushes back on criticism, industrial profits rose in AprilBeijing has consistently resisted the West's criticism that it is dumping cheap goods on the world market. Chinese authorities say the West's accusations are protectionist and aimed at containing China's economic growth. In April, profits at China's industrial companies rose 4% from a year ago, reversing a drop in March, according to official statistics released on Monday.

Persons: —, Janet Yellen, Olaf Scholz, Bruno Le Maire, Yu Weining, Joe Biden, Biden, Josh Lipsky, Lipsky Organizations: Service, Business, EU, Bloomberg, World Trade Organization, China's Commerce Ministry, European Commission, International Monetary Fund Locations: China, France, Stresa, Italy, Beijing, United States

☆ Street Wars: Have E-Bikes Made New York City a ‘Nightmare’?
▼ + stars: | 2024-05-27 | by ( Dodai Stewart | ) www.nytimes.com time to read: +1 min

Elijah Orlandi knows what many New Yorkers think about delivery workers on e-bikes: They ride too fast. They zigzag in and out of traffic and bike lanes — sometimes going the wrong direction altogether. He has seen e-bike riders “swerving in between cars and all that kind of stuff.”But Orlandi is also hoping for compassion. Delivery apps, he noted, keep track of how quickly workers make their drop-offs — and ding them if they take too long. “Sometimes you’ll be going somewhere and Grubhub will send you another order, and then no matter what you do, you’re going to be late,” he said.

Persons: Elijah Orlandi, ”, Orlandi, —, “ Locations: Bronx

☆ It's not just you, the AI dump feels never-ending right now
▼ + stars: | 2024-05-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewIf you feel like you can't keep up with the deluge of AI announcements, you're not alone. In the last two weeks, developers and consumers have been bombarded with a steady stream of AI updates and product launches, showing just how heated the AI race has become. Gartner's Chandrasekaran gave two reasons for why the flurry of AI announcements is happening now. AdvertisementThat means that there's going to be a lot of so-called AI washing and AI marketing as companies fight for a chance to get noticed, Chandrasekaran added. "And they could be calling it AI or they may be using more classic machine learning and calling it like Gen AI."

Persons: —, Eric Schmidt, OpenAI, Arun Chandrasekaran, Sundar Pichai, Gartner's Chandrasekaran, Chandrasekaran, It's, There's, it's, there's Organizations: Service, Business, Google, Gemini, Project Astra, Microsoft, Apple, Gartner, Bloomberg Locations: Paris

☆ This US woman traveled to Paris over 20 years ago and ended up staying for good
▼ + stars: | 2024-05-19 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +9 min

Once she graduated, Regan was offered an internship at a company based in Paris in 2022, providing her with the opportunity to live in the French capital. She says that she initially anticipated living and working in the European city for a year or two. However, when Regan fell for a Frenchman named Julien, who she married in 2007, her fate was seemingly sealed. She credits this, at least partly, to the French healthcare system, which provides universal coverage for all legal residents. Courtesy Melissa Regan“I was really shocked by the price increase in inflation of groceries, for example,” she says.

Persons: Melissa Regan, “, ” Regan, she’d, ” “, ”, Regan, Frenchman, Julien, Theodore, Jefferson, she’s, Melissa Regan “, we’ve, Sejour, I’ve, Emily ’, they're, Melissa Regan Netflix, Emily, ’ ”, “ It’s, Regan can’t, they’re, It’s Organizations: CNN, CNN Travel, Paris Locations: California, New York, Vienna, Austria, France, Paris, “, United States, ”, sweats, America

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