DIRS.INFO The most relevant business & tech news

CNN —The confrontation in Atlanta between Joe Biden and Donald Trump Thursday night has a good chance of becoming the most fateful presidential debate in US history. The momentous nature of this debate can only be fully understood against the backdrop of the unprecedented politics of the times. But the tension surrounding this year’s first debate in June, rather than in September or October as usual, is palpable. “The closer the election, the greater the chance that a debate could influence it,” said Aaron Kall, director of debate at the University of Michigan, who has conducted an in-depth study of every presidential debate. Biden has raised the stakes for himself heading into the debate higher than those any modern president faced.

Persons: Joe Biden, Donald Trump, it’s Biden’s, he’s, Sen, John F, Kennedy, Richard Nixon, John Kerry, George W, Bush, Mitt Romney, Barack Obama, Douglas Brinkley, CNN’s Wolf Blitzer, Biden, Trump, —, Al Gore’s, George H.W, ”, Aaron Kall, David, Ohio Sen, J.D, Florida Sen, Marco Rubio, He’s, David Biden’s, Ron Klain, ” Biden, Hunter, Bob Bauer, Dana Bash, Jake Tapper, It’s, they’ve, assail Biden, ” Trump, it’s, Terry Szuplat, ” Szuplat, CNN’s Kasie Hunt Organizations: CNN, Massachusetts Gov, University of Michigan, Biden, Ohio, White House, Trump, GOP, Truth Locations: Atlanta, America, New York, Vance, Florida, Maryland

☆ ‘Sugary food is a drug for me’: A growing number of children are addicted to ultraprocessed foods
▼ + stars: | 2024-06-27 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +16 min

“I really gravitated towards the sugary ultraprocessed foods — it was like a physical drive, I had to have it,” he said. While many people addicted to food will say that their symptoms began to worsen significantly in adolescence, some recall a childhood focused on ultraprocessed food. The Institute of Food Technologists, an association of food professionals and technologists, does not agree with the research on ultraprocessed food addiction. “Children who eat a lot of ultraprocessed foods could well be malnourished.”According to the International Food and Beverage Alliance, however, there is no clear, objective, reliable or scientifically validated definition for “ultraprocessed” food. “Each time I would pray, ‘Please be it, please make this the answer.’ But I would ultimately start binging on ultraprocessed foods,” Odwazny said.

Persons: Jeffrey Odwazny, “, ”, Ashley Gearhardt, Ann Arbor, Gearhardt, ” Gearhardt, David Wiss, Bryan Hitchcock, Rocco Renaldi, Odwazny, ” Odwazny, ‘, ’ ”, Jeffrey Odwazny “, “ I’ve, ” Wiss, Sugar, Alexandra DiFeliceantonio, DiFeliceantonio, salivates, Laura Oliverio, —, Kimberly Dennis, Dennis, ‘ That’s, Kimmy Organizations: CNN, Chicago, Yale, University of Michigan, National Survey, Los, The, Food Technologists, World Health, International Food and Beverage Alliance, Food and Agriculture Organization, United Nations, Virginia Tech, Center, Health, Nutrition, University of Illinois Chicago College of Medicine, “ Locations: United States, Ann, Los Angeles, Blacksburg, Chicago, ’

☆ Discovery of a Bronze Age dye workshop reveals secrets of history’s most precious pigment
▼ + stars: | 2024-06-26 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

Tyrian purple was a highly prized pigment developed in the Bronze Age, and it retained its status into the late medieval period. Several pottery fragments had residue of Tyrian purple pigment, the research team revealed. The well-preserved pigment could be used to dye textiles today, lead study author Dr. Lydia Berger said. Once collected, the snails had to be kept alive until the purple dye makers were ready to crush them and extract the mollusk’s mucus glands. The process came with a fishy odor, one that the researchers recognized when they came across the purple pigment residue in the recent excavation at Kolonna, she added.

Persons: Lydia Berger, Berger, ”, Maria Melo, Dye, Melo, Rena Veropoulidou, Veropoulidou, Julius Caesar, Jesus Christ, ” Veropoulidou, “ Organizations: CNN, Paris Lodron University of Salzburg, University of Michigan, Nova University of Lisbon, Hellenic Ministry of Culture, CPA Media Locations: Byzantine Empire, Aegina, Austria, Tyre, Lebanon, Phoenicia, Portugal, Kolonna, Greece, Rome

☆ Many older adults are still taking daily aspirin, even though some shouldn’t be, experts say
▼ + stars: | 2024-06-25 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +11 min

The latest research on the prevalence of aspirin use to prevent cardiovascular disease suggests that in 2021, nearly a third of adults 60 or older without cardiovascular disease were still using aspirin. Among adults 60 or older, nearly 30% reported taking aspirin to prevent cardiovascular disease, and around 5% of all adults 60 or older reported using aspirin without medical advice. Among those regularly taking aspirin, 89% reported taking a low-dose aspirin, according to the survey, while 11% indicated they take regular strength aspirin, which makes their risk of excessive bleeding even higher. The other alarming aspect is that many individuals are taking aspirin without the guidance of a healthcare provider,” Montgomery said. Regardless, any patient taking aspirin regularly should discuss that behavior with their physician, Weintraub said.

Persons: It’s, it’s, “, ”, Mohak Gupta, who’ve, Aspirin, ” Gupta, Donald Lloyd, Jones, ” Lloyd, Lloyd, “ I’ve, Dave Montgomery, ” Montgomery, Dr, Howard Weintraub, Sanjay Gupta, Weintraub, ” Weintraub Organizations: CNN, American College of Cardiology, American Heart Association, US Preventive Services, Internal, US Centers for Disease Control, Cleveland Clinic, University of Michigan, Healthy, Northwestern University, “, Piedmont Healthcare, NYU Langone Health, CNN Health Locations: United States, Atlanta, New York

☆ Americans felt shakier about the economy in June
▼ + stars: | 2024-06-25 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

CNN —US consumer confidence teetered slightly in June as Americans grew a little more wary about the future, new data released Tuesday showed. The Conference Board’s latest consumer confidence index dipped to a reading of 100.4 in June from 101.3 in May. Readings of Americans’ confidence are typically closely watched, as consumer spending accounts for nearly 70% of US economic activity. Although the two indexes typically track similarly over time, the consumer confidence index is more influenced by employment and labor market conditions, while the Michigan sentiment index has a greater emphasis on household finances and the impact of inflation. The Michigan index’s preliminary reading for June, released earlier this month, showed sentiment levels were at a seven-month low.

Persons: Dana Peterson, ” Organizations: CNN, Conference Board, University of Michigan’s, Michigan Locations: Michigan

☆ America’s housing crisis continues to worsen
▼ + stars: | 2024-06-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.

Persons: ” Lael Brainard, ”, “, Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, “, White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China

☆ Hate Apple’s ‘By the Seaside’ alarm tune? You’re not alone
▼ + stars: | 2024-06-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Then Apple’s “By the Seaside” alarm sound went off. Moktan chose the jaunty, cheerful tune available as a ringtone and alarm on many of Apple’s devices, thinking that the song’s easygoing melody would make waking up a peaceful experience. Gyaltsen Moktan, a 26-year-old English teacher in Tokyo, says that "By the Seaside" reminds him of horror movie music. Courtesy Gyaltsen Moktan“By the Seaside” is perhaps Apple’s most polarizing alarm and ringtone, evoking comparisons to nails on a chalkboard, the word “moist” and screaming children on a plane. Boston Flake, a 15-year-old high school student in Utah, is in a love-hate relationship with the controversial alarm tune.

Persons: Gyaltsen Moktan, Moktan, ”, Gyaltsen, Carlos Xavier Rodriguez, Levi Hutchins, Antoine Redier, Seth Thomas, Boston, I’ll, ” Apple, Rodriguez, There’s, Rodrigo, Adele, Ryan Meadows, Krystal Roxas, Roxas, “, ” Moktan, Bill Withers, Grover Washington, Jr’s “ Organizations: New, New York CNN, YouTube, University of Michigan School of Music, Theatre & Dance, Boston, Showbiz, CNN Locations: New York, Tokyo, Japan, ”, knocker, Britain, United States, Concord , New Hampshire, French, Utah, San Bruno , California

☆ Americans could be on a tight budget this summer
▼ + stars: | 2024-06-20 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Americans tend to shell out in the summer as they venture outdoors, book trips and step away from their desks. Consumers plan to spend less on away-from-home entertainment and vacations this summer, according to the 2024 KPMG Consumer Pulse Survey released Tuesday. That’s a contrast to last year when Americans shelled out on the “Barbenheimer” phenomenon, Taylor Swift and Beyoncé concert tickets and getaways. Retailers that offer Americans more bang for their buck including Ross Stores, TJ Maxx and HomeGoods-parent TJX, Dollar General and Walmart have benefitted. Americans are also feeling worse about the economy as they struggle with elevated inflation and high borrowing rates.

Persons: Taylor Swift, It’s, ”, Duleep Rodrigo, TJ Maxx, Mark Thompson, Henley, ” Hannah White, —, OpenAI’s Organizations: CNN Business, Bell, New York CNN, Pulse Survey, Commerce Department, Federal Reserve, Retailers, Ross Stores, Walmart, Abercrombie, Fitch, Williams, University, Michigan’s, Millionaires, Labour, Henley & Partners, Institute for Government, City of, Henley Private Wealth, Nvidia, Microsoft, Apple Locations: New York, Sonoma, Britain, United Kingdom, City of London

☆ Opinion | The 2024 Election Hinges on Voters Who Hate Politics
▼ + stars: | 2024-06-18 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

The biggest divide in our politics isn’t between Democrats and Republicans, or even left and right. It’s between people who follow politics closely, and those who pay almost no attention to it. If you’re in the former camp — and if you’re reading this, you probably are — the latter camp can seem inscrutable. As the 2024 election takes shape, this bloc appears crucial to determining who wins the presidency. An NBC News poll from April found that 15 percent of voters don’t follow political news, and Donald Trump was winning them by 26 points.

Persons: Donald Trump, “, Ezra Klein, She’s, John Barry Ryan, ”, I’ve, Biden Organizations: Republicans, NBC, Apple, Spotify, Amazon Music, YouTube, University of Michigan, Trump Locations: America

☆ Why your child may be feeling anxious before bedtime
▼ + stars: | 2024-06-17 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

“From 1 year of age to 6 years of age, kids change a lot. Almost half reported their child leaving their bed and moving to the parent’s bed some or most nights, while 1 in 3 parents said their child often or occasionally insists that they stay in the room until the child falls asleep. The most important factor in getting kids to bed is consistency and sticking with a bedtime routine, Mott Poll co-director Clark said. Ninety percent of polled parents reported having an established and consistent bedtime routine. It’s common for young children to experience sleep issues, especially as preschool-age children begin to reduce or drop naptime, Hartstein said.

Persons: CNN —, Kelceymarie Warner, ” Warner, Warner, Mott, doesn’t, ”, Sarah Clark, Clark, “, Lauren Hartstein, Hartstein Organizations: CNN, Mott Children’s, Children’s, University of Michigan, Mott Poll, University of Arizona, Boston Children’s Hospital Locations: Ann Arbor, “, Mott, Boston

☆ Michigan and CUNY Mishandled Discrimination Complaints, Education Dept. Finds
▼ + stars: | 2024-06-17 | by ( Zach Montague | ) www.nytimes.com time to read: +1 min

The University of Michigan and the City University of New York mishandled complaints of discrimination on campus during widespread protests over the war in Gaza, the Education Department announced on Monday. The department’s Office for Civil Rights has opened dozens of investigations into antisemitism and anti-Arab discrimination as students held rallies and set up encampments in support of Palestinians and called for their schools to divest from Israel. The Michigan and New York cases were only the first to reach a conclusion. More are expected to finish in the coming weeks and months as schools continue to reckon with the limits of free speech in academic settings. Under the terms of the agreements announced on Monday, the schools must step up their reporting of complaints to the Office for Civil Rights and revisit their training of employees, including campus police officers, about their obligations under federal law.

Organizations: University of Michigan, City University of New, Education Department, Civil Rights, Office Locations: City University of New York, Gaza, Israel, The Michigan, New York

☆ ALICEs, DINKs, HENRYs, and More: a Complete Guide
▼ + stars: | 2024-06-17 | by ( Erin Snodgrass | Jacob Zinkula | ) www.businessinsider.com time to read: +17 min

But the terms' recent popularity suggests people want to understand how they fit into the broader economy beyond standard measurements. But that, too, is uncertain: She said she was "dangerously close" to losing the aid because her income is too high. ALICEs tend to be older or younger workers, and while they're represented across racial groups, they're more likely to be Black or Hispanic. HIFI: High Income, Financially InsecureHIFI is the latest acronym to join the club. In a 2021 Medium post, Erica Dhawan defined "geriatric millennials" as millennials born in the early 1980s.

Persons: ALICE, HENRY, Kory, Anthony Klotz, Kantenga, DINK, They've, they've, Eric Anicich, Henry, Alice, haven't, Sarah, she's, — there's, they're, Carrie, Gen Zers, Brenton, Mirlanda, Neiman Marcus, Katie Notopoulos, Paige Connell, Connell, Chrissy Arsenault, Arsenault, Jimmy Simpson, who've, Rich, Christopher Stroup, Stroup, HIFIs, Erica Dhawan, Dwahan, Louis, —, Jewel Benjamin, Benjamin, micromanaging, Erin Snodgrass, Jacob Zinkula Organizations: FIRE, Business, LinkedIn, Texas, USC Marshall School of Business, : Asset, SNAP, Los Angeles Times, DINKs, Public School, Financial Independence, Sherwood News, Federal Reserve Bank of St, Federal Reserve, University of Michigan Health, Social, Social Security Locations: POLK, City, Dallas, Boston, Massachusetts, Colorado, Santa Monica , California, millennials, Georgia

☆ A water war is looming between Mexico and the US. Neither side will win
▼ + stars: | 2024-06-17 | by ( Laura Paddison | ) edition.cnn.com time to read: +12 min

Under an 80-year-old treaty, the United States and Mexico share waters from the Colorado River and the Rio Grande, respectively. They say the lack of water from Mexico is propelling them into crisis, leaving the future of farming in the balance. Pain in both countriesThe water from Mexico goes to the Falcon and Amistad Reservoirs which straddle the border and provide water to homes as well and farms. To rely only on storms to reduce water scarcity would make Mexico “totally exposed to what nature decides about our water future,” UNAM’s Magnaña Rueda said. Ultimately, there needs to be a recognition that water sharing agreements must adapt to a changing climate, Rueda said.

Persons: Biden, Maria Elena Giner, “, ”, Alfonso Cortez Lara, Giner, “ There’ll, Paul Ratje, Vianey Rueda, Rueda, , ” Rueda, Pain, Amistad, Falcon, Brian Jones, Carlos Kosienski, Jones, Monica De La, ” De, ” De La Cruz, Ted Cruz, John Cornyn —, —, Victor Magaña Rueda, Salvador Alcántar, ” Alcántar, Jose Luis Gonzalez, Sarah Porter, Claudia Sheinbaum, “ We’ve, ” UNAM’s Magnaña Rueda, ” Giner, we’re, Nobody’s, ” CNN’s Brandon Miller, Jack Guy Organizations: CNN, Texas, Water Commission, College of, Rio, Reuters, University of Michigan, American Free Trade, Falcon, “ Farmers, Texas Farm Bureau, Growers, Republican, National Autonomous University of Mexico, Farmers, National Guard, Mexican National Guard, Kyl, for Water Policy, Arizona State University, “ Locations: United States, Mexico, Colorado, Rio, South Texas, Rio Grande, Rocky, Gulf of Mexico, Fort Quitmen, Presidio , Texas, ”, Mexican, Chihuahua, Las Cruces , New Mexico, Reuters Mexico, Amistad, Rio Grande Valley, Texas, Hidalgo County , Texas, Rio Grande Valley . Texas, Starr County , Texas, Monica De La Cruz, ” De La, La, Camargo , Chihuahua

☆ 3 Supercommuters who travel across multiple states for work share how they manage it and why it's worth it
▼ + stars: | 2024-06-15 | by ( Manseen Logan | ) www.businessinsider.com time to read: +4 min

Read previewOver the last few years, many US workers have found themselves traveling farther to get to work but going into the office less often, thanks to hybrid work models. Business Insider spoke with three commuters who have traveled through multiple states to get to work each week. Flying to Michigan weekly for work gave this New Yorker the best of both worldsMiller on the University of Michigan football field. AdvertisementLiving in the Delaware suburbs on an NYC salary made this four-state commute worth itKyle Rice. Courtesy of Kyle RiceKyle Rice started traveling from Wilmington, Delaware, to NYC every morning for work in February.

Persons: —, Miller, Susan Miller, Kyle Rice, Kyle Rice Kyle Rice, Rice, I'd, Mercier, Malick Mercier, Manseen Logan Organizations: Service, Business, Yorker, University of Michigan, University of Michigan Ross School of Business, Amtrak, BI, New York, Los Angeles International Airport Locations: Michigan, New York City, Ann Arbor , Michigan, New, City, Delaware, Wilmington , Delaware, Wilmington, Newark , New Jersey, Newark, LA, New York, Los Angeles, mlogan@businessinsider.com

☆ Stock market today: Indexes edge lower after hitting records on cooling inflation
▼ + stars: | 2024-06-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks dipped on Friday after the S&P 500 and Nasdaq 100 reached record highs four days in a row. Investors expect the Federal Reserve to begin cutting interest rates at its September FOMC meeting. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Friday's decline in stocks was preceded by a sharp decline in European stocks, as recent election results continue to make waves in France and Germany. The market currently expects the Fed to begin cutting interest rates at its September FOMC meeting.

Persons: Loretta Mester, —, DAX, Austan, Mester Organizations: Nasdaq, CNBC, Investors, Federal Reserve, Service, University of Michigan, Fed, Here's Locations: France, Germany

☆ Consumer sentiment dimmed in June, University of Michigan survey shows
▼ + stars: | 2024-06-14 | 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 EmailConsumer sentiment dimmed in June, University of Michigan survey showsCNBC's Rick Santelli reports on the latest economic data to cross the tape.

Persons: Rick Santelli Organizations: University of Michigan

☆ Treasury yields slide once again as traders weigh this week's U.S. inflation data
▼ + stars: | 2024-06-14 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

Yields and prices move in opposite directions and one basis point is equivalent to 0.01%. The 10-year Treasury yield was trading around 4.211% at 6:29 a.m. The 2-year Treasury note yield was down 1 basis point at 4.679%. U.S. Treasury yields fell again on Friday as data released this week pointed to easing inflation. Correction: A previous version misstated the magnitude of a decline in the 10-year Treasury note yield.

Persons: Henry Allen, — Jeff Cox Organizations: U.S, Treasury, Rabobank, Deutsche Bank, U.S . Federal, US, University of Michigan

☆ Here's why Danaher shares fell 4% on Thursday — a week after hitting record highs
▼ + stars: | 2024-06-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 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. Stocks little changed: Markets were mixed to lower Thursday following a rally to new record highs Wednesday. 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, Danaher, Tony Hunt, Repligen, Stifel, we'll, Jim Cramer's, Jim, Andrew Kelly Organizations: CNBC, Treasury, Broadcom, Jim Cramer's Charitable, New York Stock Exchange Locations: financials, Michigan, New York City, U.S

The Fed meets Tuesday and Wednesday to talk about interest rates, which many voters are really frustrated about. People are saying high rates make it hard to buy a home or car or deal with debts. We eventually need to get into the underlying economics — why are interest rates high, and will they stay there? But first, on how interest rates influence people’s views, we need to deal with an odd aspect of the situation. High interest rates are, indeed, a burden on some Americans, especially first-time home buyers.

Persons: Peter Coy, Paul, we’ve, They’re, they’re, Biden, Donald Trump, Trump, Paul Krugman, Peter Organizations: Fed, University of Michigan, Biden

☆ The Fed, May inflation, and Apple are set to lead a massive week for the stock market
▼ + stars: | 2024-06-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The May CPI report, crucial for Fed decisions on rate cuts, is set to be released Wednesday. This week has a Fed meeting, the May PPI, initial jobless claims, and a consumer-sentiment report. AdvertisementIt's shaping up to be a big week for the stock market, with a slew of economic data set to be released, along with a Fed meeting and an all-important Apple event. The Fed meetingThe Fed plans to announce its latest decision on interest rates on Wednesday at 2 p.m. Overall, Lee is feeling good about the prospects for higher stock prices this week amid the economic dataset's release.

Persons: Apple's, —, Apple, Tom Lee, Jerome Powell, Lee, it's Organizations: CPI, Service, Apple, Federal Reserve, Fed, University of Michigan

☆ The US has a rich drag history. Here’s why the art form will likely outlast attempts to restrict it
▼ + stars: | 2024-06-09 | by ( Scottie Andrew | ) edition.cnn.com time to read: +16 min

Most of those efforts failed, but they have fueled harmful rhetoric around drag performers and the art form itself. Barbara Alper/Getty ImagesDrag has become increasingly visible in recent years through mainstream shows like “RuPaul’s Drag Race” and popular public events such as drag brunches, drag bingo and drag queen story hours, in which drag performers read children’s books to young audiences, often at libraries. Pickle reads from a book during the Drag Queen Story Hour program at a Los Angeles library in 2019. These lawmakers falsely claim that drag performers “groom” or sexualize children, of which there is also no evidence. It’s why Alaska Thunderf**k, the blonde bouffanted winner of the second season of “RuPaul’s Drag Race All Stars,” first got into drag – to make art that wasn’t bound by rules.

Persons: Anderson Cooper, twirling, Madonna’s, Papa Don’t, ”, “, Meatball, George Santos, Mo B, Dick, It’s, Joe E, Jeffreys, Barbara Alper, ” Jeffreys, ’, Larry La Fountain, Stokes, Ann Arbor, von Miramar, you’ve, William Dorsey Swann, Swann, Channing Gerard Joseph, Nino Testa, ” Testa, it’s, ” Julian Eltinge, pansy, weren’t, Joan Jett Blakk, Adam Turner, Blakk, —, ” Blakk, I’m, Testa, Devin Antheus, Harry James Hanson, Hanson, Marsha P, Johnson, Sylvia Rivera, ” Antheus, Esther Newton, impersonators, ” Newton, RuPaul Charles, who’d, Monica Beverly Hillz, Kylie Sonique, RuPaul, Sasha Colby, Santiago Felipe, David McNew, Antheus, aren’t, who’ve, we’ll Organizations: CNN, New York University, University of Michigan, New, Princeton University, Texas Christian University, Police, Queens, San Francisco, Stonewall, “, Guardian, Broadway, Movement Advancement Locations: Florida, Ann, “, Harlem, Washington, America, Fort Worth, New York, San Francisco, Tennessee, Montana, Los Angeles, It’s, Alaska

☆ The Fed's rate decision and May inflation data will be key tests for the stock market next week
▼ + stars: | 2024-06-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

The next rate decision from the Federal Reserve coupled with May inflation data, both on Wednesday, will play key roles in how stocks perform next week — quite probably lending added volatility to an already jittery market. The Fed's rate decision All eyes are on the Fed next week and its rate decision that's set to come down at 2 p.m. Wednesday. But investors have tempered expectations since then amid a spate of stubborn inflation data. That makes May's consumer price index report due out before the bell Wednesday another key focal point for investors. Economists polled by Dow Jones are bracing for the consumer price index to rise 3.4% year over year and 0.1% on a monthly basis.

Persons: nonfarm, Kathryn Kaminski, Scott Wren, they've, it's, Tony Roth, Envestnet's Dana D'Auria, D'Auria, Dow Jones, Wells, Wren, John Belton, Apple, Jerome Powell, John Wiley Friday Organizations: Federal, Nvidia, Apple, Microsoft, GameStop, Dow, AlphaSimplex Group, Fed, Federal Open Market, European Central Bank, European Union, Wells Fargo Investment, Wilmington Trust's, CPI, Apple's Worldwide, Broadcom, Dave, Treasury, Signet Jewelers, University of Michigan Locations: Wells Fargo, Cupertino , California

☆ The low-end consumer 'is really being stretched,' says Five Below CEO
▼ + stars: | 2024-06-06 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

"The lower-end customer is really being stretched," Anderson said on an earnings call with analysts Wednesday. "We've got to deliver value, and we've got to really display that in how we go to market, and when you walk in the store, what you see. This, he said, indicates that when consumers see the value of products, the more they have to "stretch their dollar." Though there has been some indication that aspects of the U.S. economy are improving, consumer sentiment has been lagging. In fact, consumer sentiment dropped more than 10% in May, according to the University of Michigan Survey of Consumers.

Persons: Joel Anderson, underperformance, Anderson, We've, we've, — Organizations: Revenue, Consumers, University of Michigan Survey Locations: U.S

☆ Athletic Brewing CEO explains why he feels the term 'sober' is outdated
▼ + stars: | 2024-06-03 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

This story is available exclusively to Business Insider subscribers. Related storiesThe term "sober" is defined as abstaining from drinking or drugs, according to Merriam-Webster, but there are several variations in the way it's used today. AdvertisementOthers more recently use the term "sober curious" to refer to an exploratory period where they cut down or abstain from drinking alcohol. By 2021, beverage analysts told Business Insider that they expected the non-alcoholic beverage market to expand, and it has. The ongoing trend is about being more mindful and moderating drinking more than anything else, an Athletic Brewing Company spokesperson told Business Insider.

Persons: —, Shufelt, hasn't, Logan Bartlett, Webster, Bartlett, Gen Organizations: Service, Athletic Brewing, Business, Merriam, Cali, Athletic Brewing Company, University of Michigan

☆ China, Xi Jinping's Plan for AI Will Wreak Havoc on the World Economy
▼ + stars: | 2024-06-02 | by ( Linette Lopez | ) www.businessinsider.com time to read: +18 min

According to the CCP's plan, by 2020, China was supposed to have "achieved iconic advances in AI models and methods, core devices, high-end equipment, and foundational software." Censorship requirements may slow China's AI development and limit the commercialization of domestic models, but they will not stop Beijing from benefiting from AI where it sees fit. We're not seeing a huge gap between the models Chinese companies have been able to roll out. The current price war is a race to the bottom, similar to what we've seen in the Chinese technology space before. A race to the bottom may simply beggar China's AI ecosystem.

Persons: Xi Jinping, China doesn't, there's, Beijing's, Reva Goujon, We're, It's, ChatGPT, Xie Huanchi, couldn't, you'll, —, Kenneth DeWoskin, it's, Matt Sheehan, they're, chatbot, Sheehan, Ernie Bot, There's, Alibaba, ByteDance's, Paul Triolo, Albright, we've, haven't, DeWoskin, Sam Altman, Elon Musk Organizations: Chinese Communist Party, CCP, Intelligence, Cyberspace Administration, Getty, Freedom, University of Michigan, Deloitte, CAC, Carnegie Endowment, International Peace, Baidu, Bloomberg, Companies, Brookings Institution, Beijing, The Commerce Department Locations: China, Beijing, China's, Hong Kong, Xinhua, , Washington, Brussels, Berlin, Taiwan, US, Xinjiang

Search resuls for: "University Of Michigan"

25 mentions found