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☆ Ukraine exposed Russia's sluggish military command with its Kursk invasion, analysts say
▼ + stars: | 2024-08-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Read previewRussian military commanders are facing criticism over their botched response to Ukraine's audacious incursion into Russia's Kursk region. In a Telegram post on Friday, Russian military expert Vladislav Shurygin said that Ukraine had exposed serious problems with Russia's command. The Russian military has made slow but incremental progress in its campaign in the Donetsk region of east Ukraine recently, tempering criticism. Ukraine's Kursk incursion, though, has renewed questions about the effectiveness of Russia's military command, which, according to a March Congressional report, is often excessively rigid and slow to react to developments. AdvertisementThe Russian military is still attempting to drive back the Ukrainian invasion, with reports of fighting in the towns of Tolpino and Obshchy Kolodez.

Persons: —, Vladimir Putin, Vladislav Shurygin, Sergei Markov, Markov, Putin, Rainer Saks, Ukraine's Organizations: Service, Business, Kremlin, CNN, Washington Post Locations: Russia's Kursk, Ukraine, Kursk, Russian, Russia, US, Estonian, Donetsk, Ukraine's Kursk, Tolpino

☆ Tom Cruise jumped off a stadium at the Paris Olympics closing ceremony. Here are his 11 best stunts of all time, ranked.
▼ + stars: | 2024-08-12 | by ( Jason Guerrasio | Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

Tom Cruise does his own stunts and it's remarkable what he's been able to pull off. He also jumped off the roof of the Stade de France to mark the end of the 2024 Paris Olympics. 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 . He started to do a lot of his own stunts when appearing in action blockbusters like "Top Gun," "Mission: Impossible," and "Minority Report."

Persons: Tom Cruise, he's, — Organizations: Stade de France, Service, Business Locations: Hollywood, Norway

☆ AI's big marketing problem: People don't want to hear about it
▼ + stars: | 2024-08-12 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

Advertisers love talking about AI, but they face a big problem: consumers are suspicious of the tech and don't want to be bombarded with messaging about it. This issue was on full display at the Olympics, where Google face-planted with an ad for its Gemini AI tool. To date, 575 companies have bought ads to market AI products in 2024, up from 186 in all of 2023. "In the same way, I wouldn't trumpet that my new product was designed in Photoshop, so why would I talk about how my product was designed using AI? One of the top-performing US ads of 2023 came from Adobe, which ran a spot featuring a girl using AI to create a birthday card.

Persons: Iain Thomas, Sora, Josh Campo, Razorfish, Matt Rebeiro, Iris, Rebeiro, System1, Dove, Microsoft's, chatbot —, Thomas, JLo Organizations: Service, Olympics, Google, Business, Sounds, Washington State University, of Hospitality Marketing, Management, Yahoo, Publicis Media, YouTube, Enterprises, Adobe, Cadbury Locations: MediaRadar

☆ A retired boomer who visited all 50 states ranks his top picks and least favorites
▼ + stars: | 2024-08-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

AdvertisementHatfield ranked his top five favorite and least favorite states and national parks. They also have a cruise scheduled to American Samoa, home of the National Park of American Samoa, their last national park. Favorite and least favorite statesHatfield acknowledged his favorite states were also the ones with the most diverse national parks. Favorite and least favorite national parksHatfield said he enjoyed every national park, though some have more to offer than others. One of his earliest and most memorable national parks was Yosemite, which he visited 15 years ago.

Persons: —, Tom Hatfield, Hatfield, Lake Charles, — Gates, Louisiana didn't, Bryce, El Capitan Organizations: Service, Business, Hatfield, Louisiana State University, Redwood, of, Salt Lake City . California, Alaska, El, Indiana Dunes Locations: Louisiana, New Orleans, Lake, North Dakota, New Hampshire, Canada, Bavarian, Dubai, Antarctica, Ireland, Basel, Amsterdam, Egypt, Alaska, California, Isle Royale, Michigan, Kobuk, Nevada, American Samoa, of American Samoa, . Utah, Salt, Salt Lake City ., Colorado, Montana, Yellowstone, Mississippi, Las Vegas, Nebraska, Indiana, Hatfield, Zion, Utah, Yosemite, North, Pacific Northwest, South Carolina, Springs, Arkansas, Guadalupe, Texas

☆ I went viral for dancing at a Kamala Harris rally. It's given me a platform to inform people about issues I'm passionate about, like Social Security.
▼ + stars: | 2024-08-10 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

And when I went viral, I said, "Okay, I need to do the most with this. There's something called survivor Social Security, and when you lose a parent, you're able to receive that benefit. Advertisement'We are stronger when we help each other'After I went viral, my congressman, Rep. Hank Johnson, came to my town. It's been great to talk about these issues and the work I've been doing for years and to have a larger platform. And that's when those social safety net programs, like Social Security, that neighborliness of our country, that joy, that communal care, comes in because we should help each other.

Persons: —, Parker, Atlanta —, Kendrick Lamar, Kamala Harris, Royce —, I've, John Lewis, Parker Short, Jon Ossoff, Jimmy Carter —, Trump, Sen, Hank Johnson, It's, she's, I'm Organizations: Service, Sanford School of Public, Duke University, Young Democrats, Democratic Party of Georgia, Young Democrats of America, Business, Civil Rights Movement, Social Security, University of Michigan's Ford School of Public, Medicaid, Medicare Locations: Georgia, Dunwoody , Georgia, Atlanta, America

☆ Tim Walz is dressing the part — and it's exactly what Harris needs
▼ + stars: | 2024-08-10 | by ( Alice Tecotzky | Geoff Weiss | ) www.businessinsider.com time to read: +5 min

The now-viral video cuts between Walz, holding his phone on a chair, and Harris, sitting in an office. Moreover, it's an aesthetic that could squarely appeal to the very voters Harris needs, experts told Business Insider. "Tim Walz is one of the few politicians who looks good in casual wear and also looks natural in it," Guy told Business Insider. Tom Williams"When he does the folksy thing, he's actually at the upper bound of folksy, and when he's in a suit he's in the lower bound of suit," Higonnet said. A perfect foil to Harris' polishThe Harris campaign is counting on Walz to court voters associated with the clothing he wears, particularly those hailing from the Blue Wall states of Michigan, Wisconsin, and Pennsylvania.

Persons: —, Kamala Harris, Tim Walz, Walz, Harris, LL, Derek Guy, Guy said, Guy, Donald Trump Jr, Walz doesn't, he's, Anne Higonnet, Tom Williams, Higonnet, they're, San Francisco, Donald Trump, JD Vance, Gwen, Vance Organizations: Service, Business, . Star Tribune, Getty, Barnard College, Democrats, Multicultural, Star Tribune, Yale Law School Locations: Minnesota, Michigan , Wisconsin, Pennsylvania, Francisco, New York, San, San Francisco and New York, America

☆ Elon Musk's battle with Mark Zuckerberg is looking like a lost cause
▼ + stars: | 2024-08-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Read previewElon Musk might just be losing any hopes he had of one-upping his arch nemesis, Mark Zuckerberg. A lost battleElon Musk is facing a tougher battle with Mark Zuckerberg's social media empire. Beata Zawrzel/Getty ImagesOne of Musk's biggest challenges in turning X into a legitimate rival to Zuckerberg's social media platforms is generating revenue. In Musk's own words, it's a declaration of "war" with the very people he needs to boost falling revenue at X. But none of this helps Musk in its effort to outdo Zuckerberg at his own social media game and widen X's appeal.

Persons: —, Elon, Mark Zuckerberg, wakeboarding —, reputationally, Zuckerberg, Elon Musk, Mark, Beata Zawrzel, Musk's, Musk, Linda Yaccarino, X, it's, Lara O'Reilly, GARM, Tommy Robinson, Robinson, Stephen Yaxley, Lennon —, 4W5ZOssbEY, Josh Self, Kier Starmer, it'll Organizations: Service, SpaceX, Business, Twitter, Musk's, The New York Times, Meta, Global Alliance, Responsible Media, Center, Britain, Financial Times Locations: San Francisco, Meta's, Texas, Southport, Liverpool, Falkland, Britain

☆ A woman gave 2 weeks' notice but was fired on the spot. Employment lawyers say it's not ethical, but it is legal.
▼ + stars: | 2024-08-09 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewA woman who said she would be handing in her two weeks' notice at work was shocked when her company terminated her employment immediately without pay. She said she would give her two weeks' notice when she was ready. Afraid You Might Be," told BI that this is when the phrase "at will" matters. Jessica B. Summers, principal employment and labor attorney at Lerch, Early, & Brewer, told BI nobody was technically in the wrong in this case. "So when an employee says they are leaving, absent a contract, the employee does have the legal right to end the relationship before the last day proposed by the employee," Summers said.

Persons: —, Kelsi, Tom Spiggle, Spiggle, Jessica B, Summers, Brewer, Andrew Zelman, doesn't, Jonathan Hinton Westover, Janice Killion, Killion Organizations: Service, Business, BI, Washington DC, Fort, Utah Valley University Locations: Washington, Lerch, Montana, Berger, Fort Lauderdale

☆ 2 former bankers turned their experience into HBO's most underrated show. Now it's finally getting the attention it deserves.
▼ + stars: | 2024-08-09 | by ( Samantha Rollins | ) www.businessinsider.com time to read: +8 min

After 2 seasons under the radar, 'Industry' is poised for its breakout seasonHarper (Myha'la) has a new role in season three of "Industry." With the "Summer of the Finance Bro" in full swing, could this be the season "Industry" finally cuts through the noise? AdvertisementWorking in finance didn't prepare the 'Industry' cocreators for running a TV setMickey Down and Konrad Kay on the set of "Industry" season three. But they were delighted to hear from some cast and crew members who told them how much they enjoyed working on season three. "I really credit finance with pushing me towards it, because it's the polar opposite of finance in some respects," Down says.

Persons: —, Mickey Down, I'm, Harper, Simon Ridgway, Konrad Kay, thrums, Bro, Kay, didn't, Jami O'Brien, They're, Yasmin, Marisa Abela, inflicts, Indy Lewis, Kenny, Conor MacNeill, Henry Muck, Kit Harington, intertwines, HBO Rich, you'd, who's, Jamie O'Brien Organizations: Service, Business, HBO, Rotten, Venetia Locations: London

☆ Ukraine's audacious invasion of Russian territory is a massive blow to Putin's power
▼ + stars: | 2024-08-09 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

But as the scale of the attack became clearer, with thousands of Ukrainian troops advancing up to 6 miles into Russia, Russian President Vladimir Putin hurried to contain the fallout. Ukraine's attack catches Russia off guardA Russian military video showing a Ukrainian tank during an attack on the Kursk region in Russia in August. It's led to fierce criticism of the Kremlin from ultranationalist bloggers, who've questioned why the Russian military was so unprepared and criticized chaotic attempts to evacuate civilians. Putin has so far been able to avoid major domestic unrest from the two-year war — despite the vast casualties it's inflicted on the Russian military. But the 2023 rebellion by the Russian mercenary group Wagner exposed Putin's vulnerability to blowback from events in Ukraine.

Persons: —, Vladimir Putin, Alexei Smirnov, Putin, Vladimir Putin's, It's, who've, Bryden Spurling, Callum Fraser, Russia aren't, Wagner, Russia's, Fraser, Spurling, STRINGER, Ukraine's, Maxim Alyukov, it'll, Alyukov Organizations: Service, Kremlin, Business, Anadolu, Russian MOD, RAND Corp, Royal United Services Institute, Wagner, Don, Getty, King's College London Locations: Ukraine, Russia's Kursk, Russia, Russian, Kursk, US, Kharkiv, London, Rostov, Moscow

☆ The Global Alliance for Responsible Media is 'discontinuing' after Elon Musk's X filed an antitrust lawsuit against it
▼ + stars: | 2024-08-08 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Read previewThe advertising trade group The World Federation of Advertisers told its members on Thursday that it was "discontinuing" activities for its Global Alliance for Responsible Media initiative following an antitrust lawsuit filed by Elon Musk's X against the company earlier this week. This story is available exclusively to Business Insider subscribers. AdvertisementRepresentatives for the WFA and GARM didn't immediately respond to requests for comment from Business Insider. The platform's lawsuit alleged that after Musk acquired Twitter in 2022, GARM persuaded top brands not to advertise on it. The Committee has been investigating whether GARM members illegally colluded to demonetize conservative platforms and voices.

Persons: —, Elon Musk's, Stephan Loerke, Loerke, GARM, colluded, Ørsted, GARM didn't, Linda Yaccarino, wasn't, Musk, Jim Jordan, Russell Dye, Rumble, X didn't Organizations: Service, Federation, Global Alliance, Responsible Media, WFA, Business, Twitter, Unilever, Mars, CVS, WPP Locations: Texas, US, Ohio

☆ Elon Musk has a weak case against advertisers — but he's playing the long game
▼ + stars: | 2024-08-08 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +9 min

Read previewOn Tuesday, Elon Musk's X fulfilled his promise to sue advertisers over their boycotting of the platform. GARM creates frameworks to provide common definitions around areas like hate speech and misinformation; it's voluntary whether advertisers use them. It doesn't rank platforms on these issues, and its role isn't to advise advertisers on where to spend their dollars. US advertisers are also protected by the First Amendment to spend or not spend on whichever media platforms they please. If the X suit moves into the discovery phase, there could be a whole lot more.

Persons: —, Elon Musk's X, X, Ørsted, Musk, Ruben Schreurs, Ørsted didn't, GARM, Jim Jordan, colluded, WPP's GroupM, Rob Rakowitz, Rumble, Jamie Barnard, Jim Jordan of Ohio, Win McNamee, Jordan, Brian Wieser, Wieser Organizations: Service, Federation, Global Alliance of Responsible Media, Twitter, Unilever, Mars, CVS, Business, WFA, Republican, Procter, Gamble, WPP's, Committee, Verizon, Chanel, PepsiCo, WPP, Media, Madison Locations: Texas, Ohio

☆ Disney's theme parks are struggling, and it's another warning sign for the economy
▼ + stars: | 2024-08-07 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Disney reported weaker-than-expected results for its theme-parks division in its latest earnings. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDisney's theme parks are struggling in another warning signal for the US economy. The entertainment giant reported weaker-than-expected results in its theme-parks division as it announced third-quarter earnings on Wednesday, in another sign that consumers are reining in spending as economic storm clouds gather.

Persons: — Organizations: Disney, Service, Business

☆ There's a double-edged sword high performers face at work, and it's costing employers their talent
▼ + stars: | 2024-08-07 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

High-performing women have it the worst, the analysis found, with 38% of language used in their performance reviews containing exaggerations, clichés, and fixed-mindset labels. Poor feedback is bad for retentionGood-quality feedback is vital to keep top talent. Separate Textio research from 2023 found that workers who receive poor feedback are 63% more likely to leave their jobs within a year. The consequences of poor feedback can also be severe and wide-ranging, Murphy said. "Performance feedback should be delivered in real time whenever possible rather than waiting for a year-end review," Rosen said.

Persons: —, Ylva, That's, Baeckström, Tanner, Cheryl L, Mason, Courtney Murphy, incentivizes, Murphy, plateauing, Diane Rosen, Rosen Organizations: Service, Business, King's College London, Workers, Catalyst, Management, People Solutions

☆ Avocado goldrush links U.S. companies with Mexico’s deforestation disaster
▼ + stars: | 2024-08-06 | by ( ) www.nbcnews.com time to read: +9 min

The U.S. lawsuits filed in DC Superior Court Monday shine a spotlight on the supply chains of some U.S. companies operating in the Mexican avocado industry. Reuters could not independently verify the accounts from the local residents or Climate Rights International’s findings. “They have even gone to destroy avocado orchards,” said Claudia Alejandra Sanchez, an activist for Michoacán’s Purepecha Indigenous people. Reuters reviewed copies of letters shared by Climate Rights International. Most of those companies have publicly pledged to adhere to sustainable supply chains in compliance with local laws.

Persons: Del, Richman, Mexico Ken Salazar, avocados, ”, Claudia Alejandra Sanchez, Michoacán’s, Guardian Forestal, ’ avocados, ” Daniel Wilkinson, Climate Rights International’s, Alejandro Mendez, Savas Melchor Gómez, deforest, Alfredo Ramírez, ” Ramirez Organizations: Reuters, U.S, Organic Consumers Association, Inc, Produce Inc, West Pak, DC, Rights, Climate Rights International, Richman Law, U.S . Department of Agriculture, Climate Rights, Residents, Foods, Costco, Guardian, Pak, Trade, “ Locations: Madero, Mexico’s, United States, Minnesota, U.S, West, Irvington, N.Y, Mexico, Washington, Michoacán, Jalisco

☆ Why Google should feel nervous about OpenAI's SearchGPT, according to a search engine expert
▼ + stars: | 2024-08-06 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewWith the recent launch of SearchGPT, OpenAI has positioned itself to compete with Google in the search engine market. The new tool allows users to search the web in real time and automatically summarize results from Microsoft's Bing. Chris Rodgers, the CEO at SEO agency CSP, has worked in the search engine industry for over 20 years. He told Business Insider that SearchGPT may not pose an immediate threat to Google Search. He also said Google should feel the heat because OpenAI has presented a better strategy than Google in its rollout of SearchGPT.

Persons: —, OpenAI, Microsoft's Bing, hasn't, Chris Rodgers, Rodgers, that's, Axel Springer, SearchGPT, it's Organizations: Service, Google, Business, Astra, Vox Media, News Corp Locations: ChatGPT

☆ Uber Ads just became a $1 billion business — and it has plenty of room to grow
▼ + stars: | 2024-08-06 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +1 min

Uber announced on Tuesday its ad business had hit a $1 billion annual run rate. Launched in 2022, Uber Ads offers formats on apps, emails, cartops, and in-car tablets. Uber Ads sees further growth potential in areas such as programmatic, measurement, and playable ads. Go to newsletter preferences Thanks for signing up! Uber launched its ads division in 2022 and sells a range of formats, from ads that appear on the Uber and Uber Eats apps, within emails, on cartops, and displayed on in-car tablets.

Persons: Uber, — Organizations: Uber, Service, Business Locations: cartops

☆ Los Angeles 2028 Olympics confirms Autodesk as partner as it presses toward $2.5 billion sponsorship target
▼ + stars: | 2024-08-06 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +1 min

Autodesk partners with the 2028 Los Angeles Olympics, boosting sponsorship revenue goals. 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 . AdvertisementDesign and engineering software company Autodesk has become a supporting partner of the 2028 Los Angeles Olympics, in a major boost for the Games' goal of $2.5 billion in domestic sponsorship. Autodesk was named the "official design and make platform of the LA28 Olympics and Paralympic Games and Team USA," the company announced Tuesday.

Persons: —, It's Organizations: Autodesk, Angeles, LA28, Service, Angeles Olympics, Games, Paralympic Games, Team USA, Business Locations: Las Vegas

☆ 5 reasons why Uber is on the up
▼ + stars: | 2024-08-06 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

After years of massive losses, Uber is finally making money. Uber partly owes its recent hot streak to increased demand for its ride-hailing and delivery services. Go to newsletter preferences Thanks for signing up! AdvertisementAfter years of massive losses and huge spending, Uber is now making a habit of turning a profit. This comes after Uber announced its first-ever annual operating profit of $1.1 billion for 2023 in February.

Persons: Uber, — Organizations: Service

☆ Here's why Rhaenyra Targaryen may become queen in 'House of the Dragon' season three
▼ + stars: | 2024-08-05 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

Read previewWarning: Major spoilers ahead for "House of the Dragon" season two finale and the book "Fire and Blood." Rhaenyra Targaryen and her biggest rival, Alicent Hightower, form a pact to take over the kingdom in the "House of the Dragon" season two finale. AdvertisementRhaenyra takes over King's Landing without Alicent's help in 'Fire and Blood'Rhaenyra (Emma D'Arcy) uses her dragons to take over King's Landing. He and Rhaenyra took over King's Landing with their dragons, their team of dragonriders, and a fleet led by Corly Verlaryon. AdvertisementRhaenyra struggled to raise enough money to look after King's Landing because most of the gold had been sent away.

Persons: —, Alicent Hightower, George R, Martin, Emma D'Arcy, King Viserys, Paddy Considine, Olivia Cooke, Tom Glynn, Carney, Viserys, Rhaenyra, Alicent, Helaena, Phia Saban, Ewan Mitchell, Theo Whiteman, Criston Cole, Daemon, Rhaenyra's, Corly Verlaryon, Ser Gwayne Hightower, Jaehaera, Prince Maelor, Larys, Ser Otto Hightower, Lord Jasper Wylde, Ser Tyland Lannister, Aemond, Harrenhal, Otto Hightower, Tyland, Emma D'arcy, Lord Ormund Hightower, dragonriders, Hugh Hammer, Ulf White, Rhaneyra, Nettles, Addam, Corlys Velaryon, Joffrey Organizations: Service, Aegon, Business, HBO, Rhaenyra, Greens, King's, Younger Locations: Martin's

☆ 'House of the Dragon' fans are mad about the season two ending: 'One of the most underwhelming season finales I've ever watched'
▼ + stars: | 2024-08-05 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

As a result, many fans believed season two would involve an all-out war, with Rhaenyra seeking revenge on both siblings. Fans believed the finale might have another battle to give the season a climactic end, but they were disappointed again. One fan wrote: "Well, that was probably one of the most underwhelming season finales I've ever watched." Horrible payoff 😭 #HouseOfThedragon — merline (@xomerline) August 5, 2024This season of House of The Dragon was the worst season in the whole GOT universe, including season 8 of GOT. Why not give us a real season finale?

Persons: —, aren't, Rhaenya Targaryen's, Emma D'Arcy, Tom Glynn, Carney, Ewan Mitchell, I've, eason, ike, ade, Ma Organizations: Service, Aegon, Business, ust, UST, NDS, IKE

☆ Helaena Targaryen has a target on her back by the end of 'House of the Dragon' season 2. Here's what will happen to her if the show follows the book.
▼ + stars: | 2024-08-05 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

Read previewWarning: Major spoilers ahead for "House of the Dragon" season two and the book "Fire and Blood." Theo Whitman/HBOIn the book, Helaena has three children instead of two. Like in the TV show, Jaehaerys is killed early in the war after Daemon sends assassins into King's Landing. AdvertisementIn the book, Rhaenyra takes over King's Landing, taking Helaena and her mother as prisoners. Rhaenyra could also betrayAlicent after conquering King's Landing and not allowing Alicent or Helaena to leave the city.

Persons: —, George R, Martin, Phia Saban, Westeros, Tom Glynn, Carney, Helaena, Aemond, Ewan Mitchell, Emma D'Arcy, Jaehaerys, Olivia Cooke, Halaena's, Theo Whitman, Daemon, Rhaenyra, Maelor, Alicent, Ollie Upton, Daemon Targaryen, Matt Smith Organizations: Service, Aegon, Business, HBO, King's Locations: Bitterbridge, Helaena

☆ A former teacher who spent at least $4,000 on her students details what she bought and why educators 'feel a lot of pressure to spend their own money'
▼ + stars: | 2024-08-04 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

In 2022, Amelie Krikorian bought books, rugs, chocolate, paint, flashcards, beads, and more for her students and classroom with her own money. "Teachers who want to make elementary school a positive and enriching experience do feel pressure to spend their own money," she told BI. Krikorian, who has since left the education field, said teachers shouldn't have to spend their own money on their classrooms. And when schools don't supply all the materials, teachers often step up. For enrichment purposes over the years, Krikorian "bought books that enabled the kids to do additional reading about what we were doing in history and science," she said.

Persons: Amelie Krikorian, shouldn't, Krikorian, it's Organizations: Service, Business, Survey, eBay, Walmart, Target Locations: Egypt

☆ 2 recession indicators with perfect track records show the US just entered a downturn — opening the door for stocks to plummet as the Fed gets set to cut rates
▼ + stars: | 2024-08-03 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

AdvertisementSt. Louis FedDespite the Sahm Rule's impressive history, it is sometimes criticized because it fails to account for rising labor participation, which can raise the unemployment rate. In addition to downcast labor market data, the ISM Manufacturing Index fell further into contraction territory this week, signaling that US manufacturing continues to slow. The market's direction also depends on how investors interpret interest rate cuts alongside future data. Fed funds rate futures markets are now pricing in a 50-basis-point cut in September, according to the CME FedWatch Tool. AdvertisementHartnett and his team analyzed Fed rate-cutting cycles and identified three different types of rate cuts — cuts into a soft landing, cuts into a hard landing, and panic cuts, which are due to a credit event or some sort of Wall Street crisis.

Persons: —, Claudia Sahm —, Louis Fed, Piper Sandler, Tom Essaye, Jack McIntyre, Lara Castleton, Janus Henderson, Michael Kantrowitz, we've, Kantrowitz, Michael Hartnett, Hartnett Organizations: Service, Bureau of Labor Statistics, Business, Labor, Brandywine Global, ISM, Nasdaq, Fed, Janus, Janus Henderson Investors, Bank of America, Fund

☆ Why investors should buy the ongoing dip in stocks, Fundstrat says
▼ + stars: | 2024-08-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Technical signals suggest downside is limitedThere isn't much evidence that poor-performing areas of the market, like small-cap stocks, have peaked, Newton said. Meanwhile, Treasury yields have fallen in recent months as traders anticipate Fed rate cuts, which is typically bullish for stocks, he added. Advertisement"Thus, looking to buy dips makes sense technically," he said, adding that small-cap stocks looked "certainly appealing" after their recent slide. Fed rate cuts will mark a turning point in the marketThat's because rate cuts are expected to ease borrowing costs across several sectors. Small-cap stocks are flashing bullish signalsThe Russell 2000 hit a 30-month high in July, something that's only happened nine times over the past 45 years.

Persons: Fundstrat's Tom Lee, Lee, —, Tom Lee, who's, Mark Newton, Newton, I'm, Russell, That's Organizations: Tech, Service, Fed, Wall Street Locations: Wall

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