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☆ Tarek El Moussa says he doesn't know how to make money on a starter home in California today
▼ + stars: | 2024-02-14 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Business Insider spoke to Tarek El Moussa ahead of the release of his book, "Flip Your Life." El Moussa said building starter homes in California typically isn't profitable. "I can't tell you how to build a house in California today and make money unless it's a high-end home," El Moussa said. Tarek and Heather Rae El Moussa on "The Flipping El Moussas." Lisette GatliffFor El Moussa, remaining flexible as the market changes has been key to his success, particularly regarding location.

Persons: Tarek El Moussa, El Moussa, —, Heather Rae El Moussa, it's, Tarek, El, Redfin Organizations: Service, HGTV, Business, California El, Forbes Locations: California, Orange County, LA, Los Angeles, LA County, Orange

☆ High yields on savings are coming down. Here’s where you can still get 5% on cash
▼ + stars: | 2024-02-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Of the banks under Wells Fargo's coverage, Discover was the first to trim its online savings account rate for this rate cycle, according to analyst Michael Kaye. It's a marked turn from when online banks jockeyed for customers' deposits as the Fed began raising rates in March 2022. Too good to last See below for a table of online banks and the APY they're offering on savings accounts. The catch with savings accounts is that banks can opt to tweak their yields at any time. Investors hoping to play a lower rate environment with exchange-traded funds may want to consider buying intermediate-term bond funds .

Persons: Michael Kaye, Banks, Ally, Cowen, Moshe Orenbuch, Cash that's Organizations: Federal Reserve, Discover Financial, Financial, Fed, Investors Locations: Wells

GLENDALE, Ariz. (AP) — Shohei Ohtani walked through his new spring training clubhouse wearing a simple white T-shirt with one word “BOSS” across the front in big, dark capital letters. The two-time Most Valuable Player might not be in charge of these Los Angeles Dodgers, but there's little doubt who commands the most attention. “Try to get along with all the guys and teammates.”The Dodgers had their first official workout of spring training on Friday, with pitchers and catchers reporting. Los Angeles could start a lineup that includes fellow All-Stars like Betts, Freeman, Max Muncy and Will Smith. The Ohtani deal was even richer than many expected and then days later, Los Angeles landed right-handed pitcher Yoshinobu Yamamoto with a $325 million, 12-year deal.

Persons: Shohei Ohtani, ”, Ohtani, baseball's, ” Ohtani, “, Mookie Betts, Freddie Freeman haven't, Betts, Freeman, Max Muncy, Will Smith, Ohtani's, Yoshinobu Yamamoto, Dave Roberts, he's, ” Roberts, I've, Taylor Swift, harkened, Barry Bonds Organizations: Los Angeles Dodgers, Dodgers, San, San Francisco Giants Locations: GLENDALE, Ariz, San Diego, Seoul, South Korea, Angeles, Los Angeles, Arizona

☆ Look beyond AI's near-term plays, Goldman says — naming long-term beneficiaries in and outside tech
▼ + stars: | 2024-02-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

Artificial intelligence took the investing world by storm in 2023, and was behind much of Big Tech's gains for the S & P 500. The S & P 500 jumped a whopping 24% or so last year, with much of the increase coming from the "Magnificent Seven." The health-care sector is one example it cited, with AI set to be used across multiple areas such as biopharma, medical devices and services. Over the long term, it will be integral to drug discovery and clinical trial design processes, Goldman said. Here are some names in its basket of long-term AI beneficiaries whose earnings per share Goldman said might get a boost from a rise in sales and margins.

Persons: Goldman Sachs, Goldman, ChatGPT, —, haven't, CNBC's Michael Bloom Locations: Big

☆ A top-2% portfolio manager who pulled off a shocking turnaround last year outlines the investing strategy that lifted her fund by 59% — and her 9 favorite stocks to buy now
▼ + stars: | 2024-02-06 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Starke stuck to the same process for the large growth fund she's managed singlehandedly for the last decade. Her large-cap growth fund is built on quality stocks with successful business models, durable competitive advantages, and top-tier management teams. "The best way to generate long-term growth of capital and outperformance for investors is through longer-term ownership in a focused portfolio of market-leading growth companies." What successful growth stocks look likeThe stocks that Starke focuses on typically increase revenue by over 10% and earnings by 15%, she noted. "I look at PEGs often because that's the only way for fast-growing companies," Starke said.

Persons: Cindy Starke, Starke, she's, couldn't, —, fund's, that's Organizations: Fund, Business, Meta, Nvidia Locations: outperformance

☆ Tech execs are telling investors they have to spend money to make money on AI
▼ + stars: | 2024-02-02 | by ( Hayden Field | ) www.cnbc.com time to read: +10 min

One theme investors heard repeatedly from top execs is that, when it comes to AI, they have to spend money to make money. Last year marked the beginning of the generative AI boom, as companies raced to embed increasingly sophisticated chatbots and assistants across key products. One key priority area, based on the latest earnings calls, is AI models-as-a-service, or large AI models that clients can use and customize according to their needs. Alphabet executives highlighted Vertex AI, a Google product that offers more than 130 generative AI models for use by developers and enterprise clients such as Samsung and Shutterstock. Alphabet executives touted Google's Duet AI, or "packaged AI agents" for Google Workspace and Google Cloud, designed to boost productivity and complete simple tasks.

Persons: Sundar Pichai, Mandel Ngan, Satya Nadella, Mark Zuckerberg, Josh Edelson, Zuckerberg, Nadella, Amy Hood, Pichai, You've, durably, Ruth Porat, Andy Jassy, Jassy, Tim Cook, Cook, Thos Robinson, Microsoft's, Rufus, Bard Organizations: Artificial Intelligence, AFP, Getty, Microsoft, Apple, Nvidia, Meta, Google, Amazon, New York Times, Samsung, GE, Spotify, Pfizer Locations: Washington ,, Menlo Park , California, LLMs, New York City

☆ We're raising our Alphabet price target after earnings that shouldn't have dinged the stock
▼ + stars: | 2024-01-30 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Alphabet delivered better-than-expected fourth-quarter sales and earnings after the closing bell Tuesday. Total revenue rose 13.5% year-over-year to $86.31 billion, outpacing the $85.33 billion expected, according to estimates compiled by LSEG. However, it wasn't enough to jump over the high expectations that come with a stock trading at all-time highs. Google Search sales in Q4, by far the largest contributor to overall revenue, gained 12.7% to a lower-than-expected $48.02 billion. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Copilot, Ruth Porat, We're, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: LSEG, Wall Street, Google, Management, NFL, Microsoft, Google Network, Google Services, Web Services, CNBC, Washington, Santiago, Getty Locations: Hudson Square, New York City

☆ Tech layoffs are expected to continue as companies seek to hire more AI talent, analyst says
▼ + stars: | 2024-01-26 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

And more Big Tech layoffs may be coming this year as companies bet big on AI, an analyst told CNBC. As of January 2024, 89 tech companies have laid off almost 25,000 employees, according to tracker site Layoffs.fyi. "Google and the rest of Big Tech are betting big on AI while cutting back on non-strategic areas," Dan Ives, a tech analyst at Wedbush Securities, told CNBC. Layoffs will continue in some areas, while"the hiring frenzy in AI will be unprecedented as this arms race continues across the tech world." But while growing investment in AI may soon put more out of work, new roles are being created within the AI space.

Persons: —, it's, Dan Ives, Ives, Sundar Pichai Organizations: Big Tech, CNBC, Google, Service, Wedbush Securities, Business, Amazon, Prime, Amazon MGM Studios, SAP, Apple, Meta, Nvidia

(AP) — Union Pacific's fourth-quarter profit crept up 1% as the railroad delivered more fertilizer, imported goods and vehicles. The Omaha, Nebraska-based railroad said it earned $1.65 billion, or $2.71 per share, in the quarter. The results topped the estimates of the analysts surveyed by FactSet Research that called for earnings of $2.60 per share as Union Pacific hauled 3% more shipments. But Union Pacific's topped Wall Street's predictions for $6.05 billion. Union Pacific is one of the nation’s largest railroads and operates more than 30,000 miles of track in 23 western states.

Persons: Jim Vena, ” Vena Organizations: — Union Pacific's, FactSet Research, Union Pacific, Union, . Union Pacific, Railroad Locations: OMAHA, Neb, Omaha , Nebraska, Norfolk Southern, Ohio

☆ Stock market hits new high after 2 years, overcoming a nasty inflation period and surging rates
▼ + stars: | 2024-01-22 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The long wait between S & P 500 all-time highs is a friendly factor for forward performance, as far as historical observations go. John Kolovos of Macro Risk Advisors says, "It is OK to be bullish on the stock market (S & P 500) just not the market of stocks (everything else)," from a trend-following perspective. Barry Knapp of Ironsides Macroeconomics calculates that the equal-weight S & P is one standard deviation cheap versus the market-cap-weighted index. Remarkably, the S & P 500 first pushed above 19-times forward earnings exactly four years ago, right before the Covid crash. Well, the S & P 500 has delivered an annualized total return near 11% in the four years since.

Persons: Ned Davis, Wayne Whaley, Whaley, I've, haven't, John Kolovos, Barry Knapp, Knapp, USTs, it's, hasn't Organizations: Ned Davis Research, Foresight, Federal, noncommittal, Nvidia, Nasdaq, Deutsche Bank

☆ A Michigan computer science major says he sent out 456 internship applications and only got 3 offers
▼ + stars: | 2024-01-22 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Read previewComputer science major Oliver Wu says he pulled out all the stops in his quest for a summer internship. This story is available exclusively to Business Insider subscribers. "I started applying in July, and soon I hit 200 applications," Wu said, adding that he was making 15 to 20 applications a day before the school term began. AdvertisementLast week, Google CEO Sundar Pichai told staff to brace for more job cuts this year. Wu did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Oliver Wu, Wu, Wu isn't, Sundar Pichai, Pichai Organizations: Service, University of Michigan, Business, Newsweek, Ford, Tech, Business Insider

☆ Corporate America's loyalty problem is on display in Big Tech
▼ + stars: | 2024-01-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how there's no more loyalty in corporate America between employers and their workers. Business Insider's Aki Ito, who has covered workplace trends better than anyone, dove into the deterioration of loyalty in corporate America. The best example of the deterioration of loyalty in corporate America these days is in Big Tech. AdvertisementOne year later, Big Tech's layoffs are back and could become the new normal, Business Insider's Peter Kafka writes. However, the best representation of the growing employee-employer chasm in Big Tech is at Google.

Persons: —, hustleharder, Insider's Aki Ito, they're, Insider's Peter Kafka, Kali Hays, BI's Eugene Kim, Ashley Stewart, Long, Sundar Pichai, BI's Hasan Chowdhury, Brian Moynihan, Moynihan, Laura Labovich, Asher, Emerson, Bill O'Leary, there's, Frederic J . Brown, haven't, Christian Dior, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb Organizations: Service, Big, Workers, Amazon MGM Studios, Big Tech, Google, OsakaWayne, Investment, New, Bank of America's, Fed, Washington, Getty, Meta, OpenAI Mafia, Shoppers, Spotify, Couture, United Airlines, The, Business Locations: America, Big Tech, Big, Bethesda, That's, Paris, New York, San Diego, London

☆ Oil extends losses as economic headwinds weigh on demand outlook
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell for a second day on Monday as economic headwinds pressured the global oil demand outlook and outweighed geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend. Brent crude fell 41 cents, or 0.5%, to $78.15 a barrel by 0105 GMT after settling down 54 cents on Friday. "This morning's subdued re-open speaks volumes about current sentiment in the crude oil market despite ongoing geopolitical tensions in Europe and the Middle East," IG analyst Tony Sycamore said. Russian producer Novatek aid on Sunday it had been forced to suspend some operations at the Baltic Sea terminal because of a fire. In the Middle East, the Gaza war rages on while the U.S. struck another anti-ship missile preparing to launch into the Gulf of Aden by Yemen's Houthi militants on Saturday.

Persons: headwinds, Brent, Tony Sycamore, Yemen's, IG's Sycamore, Baker Hughes, JP Morgan Organizations: West Texas, U.S . Energy Information Administration, International Energy Agency, Organization of, Petroleum, Energy Locations: Red, Ras Behar, Egypt, Europe, Ukrainian, Russian, Gaza, U.S, Aden, Iran, China

☆ The buy now, pay later holiday debt hangover has arrived, as consumers wonder how they'll pay bills
▼ + stars: | 2024-01-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

So she turned to a novel solution to get through the season: Buy now, pay later. It's tough to say how buy now, pay later fits into the country's overall debt picture. Klarna, PayPal and Affirm all declined to share buy now, pay later delinquency rates with CNBC. Affirm has said the short-term and high-velocity nature of its buy now, pay later service makes traditional credit metrics less relevant. Klarna said its global default rate for its overall business including buy now, pay later is less than 1%.

Persons: Kiki Andersen, Andersen, I've, I'm, It's, Ted Rossman, delinquencies, who've, Klarna Organizations: PayPal, CNBC, Adobe, Federal Reserve Locations: Los Angeles, U.S

☆ ‘America Is Under Attack’: Inside the Anti-D.E.I. Crusade
▼ + stars: | 2024-01-20 | by ( Nicholas Confessore | ) www.nytimes.com time to read: +44 min

‘America Is Under Attack’: Inside the Anti-D.E.I. “In support of ridding schools of C.R.T., the Right argues that we want nonpolitical education,” Mr. Klingenstein wrote in August 2021. In a 2023 exchange, Dr. Yenor and two associates discussed how to defend Amy Wax, a conservative law professor at the University of Pennsylvania. Dr. Yenor and his allies bristled at the conventions of academic life as overly solicitous toward female and nonwhite students. Samuel Ginn, Claremont donor“The president then told him, ‘Things will change,’” a Claremont fund-raiser wrote to Dr. Yenor and other officials there.

Persons: “ wokeism ”, Chancellor Sharp, Sam Ginn, DeSantis, !, Searle, Scott Yenor's, Alabama Jeff Sessions, peter thiel, thiel, Dan Patrick, Patrick, Texas Long, Claudine Gay, Harvard’s, Trump, Ron DeSantis, Peter Thiel, Heather Mac Donald, ”, Scott Yenor, “, ” Scott Yenor, Claremont, Critics, George Floyd, Donald J, Trump’s, Thomas D, Thomas Klingentstein, ” Mr, Klingenstein, Yenor, Christopher Rufo, fromScott Yenor, Floyd, Mao Zedong’s, Ryan P, Williams, Jack Miller, Ryan Williams, Miller, zealots, Mao Zedong's, ” Claremont, Taube, tothe, Arthur N, Chris Ross, Dockweiler, Elizabeth Ailes, Roger Ailes, Daniel C, Searles, fromChris Ross Ryan, I'd, Dorian Abbot, Mr, Ross, Dr, Amy Wax, Wax, Wax’s, David Azerrad, . Azerrad, fromScott, Azerrad, —, ’, Mac Donald, Mac Donald1 —, fromDavid Azerrad Heather, that's, Thiel —, Thiel’s, bristled, Riffing, Bill Burr, hadn’t, Burr, George W, Bush, ” Tennessee’s, Susan Kaestner, Jeff Sessions, Samuel Ginn, Christopher B, Roberts, Roberts “, Ginn, ” Bowdoin, Thomas Klingenstein, Janet Mills, Mills, ‘, Sarah Huckabee Sanders, Kevin Stitt, he’d, fromThomas, Glenn, sputtered, retool, didn’t, Jim Banks, Banks’s, Banks, Gay, Elise Stefanik Organizations: MIT, Trust, Texas, Claremont, Republicans, Senate, The New York Times, Republican, Claremont Institute, Gov, D.E.I, New, Manhattan Institute, Maine Policy Institute, ”, Texas Public Policy Foundation, Equity, Jack Miller Family, Jack Miller Family Foundation America, Capitol, Freedom Trust, Rupe Foundation, Scaife, Fox News, Massachusetts Institute of Technology, University of Pennsylvania, Hillsdale College, Boise State University, Boise, University of Wisconsin, Eau Claire, Trump, Boise State, University of Tennessee, Arkansas, Alabama, Auburn University, University of Alabama, Auburn, Bowdoin College in, NAS, Bowdoin, Democratic, Mr, Maine Public Radio, American, Association, Maine Department of Education, Indiana Republican, Education, Harvard, New York Republican Locations: Texas, Tennessee, North Carolina, Maine, Montana , Utah , Oklahoma , Texas, South Carolina , Florida, Louisiana, America, defund, Alabama, Tallahassee, Union, California, Florida, Maine , Tennessee, Idaho, New York, Florida , Louisiana, North Carolina , Oklahoma , Tennessee, Wisconsin, Darling, Dallas, Utah, C.R.T, United States, Hillsdale, Eau, India, Boise State, Boise, Manhattan, Canadian, Dixie, Maine —, Bowdoin College in Maine, Colonial America, ”, Maine’s, la, Portland, Northern Maine, Arkansas, Yenor, Indiana, Israel

☆ Premarket stocks: Buybacks could rebound this earnings season
▼ + stars: | 2024-01-19 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

Stock buybacks struggled to recover last year after taking a hit in 2022, even as corporate earnings began to rebound. Investors view buybacks as an indication that a company’s leadership believes its own shares are undervalued and are confident about its future performance. Buybacks also tend to push up share prices due to the added demand. ONEOK, a natural gas company, on Wednesday unveiled a $2 billion share repurchase program. The week’s total for initial claims landed far below economists’ projections for 205,000 initial claims, according to FactSet estimates.

Persons: Stock buybacks, Buybacks, buybacks, “, ”, Howard Silverblatt, Dow, Sundar Pichai, Brian Fung, Pichai, ” Pichai, Read, —, Alicia Wallace Organizations: CNN Business, Bell, New York CNN, Deutsche Bank, Wednesday, Deutsche, Federal Deposit Insurance Corporation, Dow Jones, Google, CNN, of Labor Locations: New York, Lennar, buybacks

☆ Challenging norms and finding your North Star with AI in 2024
▼ + stars: | 2024-01-18 | by ( Sponsor Post | ) www.businessinsider.com time to read: +5 min

In the following months, business leaders across every industry grappled with executive mandates to quickly build and implement a new AI strategy. Not all AI will be specifically tuned to the requirements you need in an AI solution. Without trust, any AI solution will falter in delivering the results your employees and customers expect and deserve. Any AI solution you want to champion must be accurate every time, the first time, in any challenge you give it. AI solutions in 2024 have incredible potential to automate tasks to make work more efficient, answers more accessible, and reduce cognitive overload.

Persons: Elizabeth Tobey, — Organizations: Digital, NICE, Star, Insider Studios Locations: Star

☆ Why constant job cuts could be the new normal for Big Tech
▼ + stars: | 2024-01-18 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A shorter, plain-English version might look like this: "We're a really big company that makes a lot of money and Wall Street wants us to make more. And if that's happening at Google — a company worth close to two trillion dollars — you can expect to see it at other Big Tech companies, too. All of the biggest tech companies would like to have something shiny and new to show off to investors — another growth story. But in any case: Absent a truly breakthrough product, Big Tech is going to look like any other big, established industry — one that periodically lays off workers.

Persons: —, What's, Sundar Pichai, it's, Meta, that's, they're Organizations: Service, Business, Google, Wall, Big Tech, Tech

☆ Google CEO’s internal memo warns of further layoffs ahead
▼ + stars: | 2024-01-18 | by ( Brian Fung | ) edition.cnn.com time to read: +1 min

Some parts of Google’s business will not be hit by this year’s changes, he said. “The reality is that to create the capacity for this investment, we have to make tough choices …. The memo came as The New York Times reported Wednesday that Google-subsidiary YouTube was laying off 100 workers. CNN has not independently verified the YouTube layoffs. A Google spokesperson confirmed to CNN the existence of Pichai’s memo as well as the YouTube layoffs, which affect roughly 100 roles in the company’s partnerships organization that handles outreach to YouTube content creators.

Persons: Sundar Pichai, Pichai, “, ” Pichai Organizations: CNN, ”, Google, New York Times, YouTube

☆ Google CEO says more job cuts are needed in 2024 in order to reach ‘ambitious goals’
▼ + stars: | 2024-01-17 | by ( Jennifer Elias | ) www.cnbc.com time to read: +1 min

Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Google CEO Sundar Pichai is warning employees that more job cuts are coming this year as the company continues to shift investments toward areas like artificial intelligence. In a memo titled “2024 priorities and the year ahead” that staffers received Wednesday evening, Pichai said, “we have ambitious goals and will be investing in our big priorities this year.” In the memo, which was obtained by CNBC, Pichai said company leadership is gearing up to share its AI goals for the year this week and will publish its 2024 OKRs (objectives and key results). “The reality is that to create the capacity for this investment, we have to make tough choices,” Pichai wrote. For some teams that means eliminating roles, which includes “removing layers to simplify execution and drive velocity,” he added.

Persons: Sundar Pichai, Pichai, ” Pichai Organizations: Google, ”, CNBC Locations: Brussels, Belgium

☆ Russia's Kinzhals are frustrating Chinese analysts who want to find out how Beijing's hypersonic missiles might stack up against US battlefield defenses
▼ + stars: | 2024-01-17 | by ( Matthew Loh | ) www.businessinsider.com time to read: +8 min

China hopes its own hypersonic missile, the Dongfeng, will be game-changing in its capacity to take down US aircraft carriers. A Ukrainian sapper recovers the warhead of a Kinzhal missile. AdvertisementThe Kinzhal's maneuverability, they wrote, "cannot be compared with that of a real hypersonic missile." "Although Russia calls the 'Dagger' a hypersonic missile, analysts from other countries generally believe that the so-called hypersonic 'Dagger' missile is actually an air-launched version of the 'Iskander' short-range tactical ballistic missile," it said. "The 'Dagger' missile has more than enough ambition but not enough power," the July analysis said.

Persons: —, Ukrainian sapper, Yin Jie, Yin, it's, VASILY MAXIMOV, Lyle Goldstein, Rand, Nathan Waechter, Goldstein, GREG BAKER, What's, it's gleaning, I've Organizations: Service, US, Kremlin, Emergency Service, Ordnance Industry Science, Technology, People's Liberation Army, International Military, Forum, Patriot, Getty, Institute for, Defense, Diplomat, Military Locations: China, Ukraine, Beijing, Moscow, Ukrainian, Shaanxi, Russia, Russian, Patriot, Syria, AFP, Washington, Asia

☆ Leaked memo: Google is laying off hundreds of employees in its advertising sales team
▼ + stars: | 2024-01-16 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

Google is laying off "several hundred" employees in its advertising sales team, Business Insider has learned. Schindler wrote that the cuts were the result of changes being made to how Google's sales team operates. BI previously reported that Google was shifting more staff away from Large Customer Sales (LCS), a team that serves the company's bigger advertising clients, to its Google Customer Solutions (GCS) team, which serves more medium-level clients. This reorg is the next evolution of that as cuts appear to be primarily targeted at the LCS team. Our goal has always been to have the right customer, mapped to the right channel for growth, with the best support models and streamlined operations.

Persons: Philipp Schindler, Google's, Schindler, Max, Chris Pappas, Jerry Dischler, Vidhya Srinivasan, Here's, we've, we're, I've, we'll, Philipp Organizations: Google, Business, BI, LCS, Alphabet Workers, Global, Solutions

☆ A woman bought a vintage dress at an antique store. It had a secret pocket with a mysterious note
▼ + stars: | 2024-01-15 | by ( Faith Karimi | ) edition.cnn.com time to read: +8 min

CNN —The Victorian dress in the Maine antique mall was unlike anything Sara Rivers Cofield had seen before. Rivers Cofield had no idea that the dress she bought in December 2013 would unravel a mystery a decade later. Rivers Cofield was baffled, she told CNN. He also emailed Rivers Cofield, who did not know that online sleuths were still working to decipher the codes. But for now, Chan and Rivers Cofield are just glad they’ve unraveled the biggest piece of the dress’s mystery.

Persons: Sara Rivers Cofield, Rivers, Rivers Cofield, Fagan, Bennett, Shakespeare’s, ”, she’d, “, sleuths, Cofield, ” Rivers Cofield, I’m, Wayne Chan, didn’t, ” Chan, Chan, Sara Rivers, “ Bismark, “ Buck ”, he’s, “ I’m, It’s, they’ve Organizations: CNN, University of Manitoba, Army Corps, National Oceanic, Atmospheric Administration Locations: Maine, Calgary, Cuba, Bennett, Rivers, Chesapeake Beach , Maryland, Searsport , Maine, United States, ”, Canadian, Canada, North America, Bismarck, North Dakota, Washington ,, Chan

☆ The stock market has cooled off to start 2024, but it's still checking most of the bull market boxes
▼ + stars: | 2024-01-13 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The small-cap Russell 2000 has dropped close to 4% against a fractional gain in the S & P 500 year to date. In broad terms, the S & P 500 could retreat to 4600 or so – about 4% down from here – and still be in a routine technical check-back to its latest launch point in early December. Todd Sohn of Strategas notes that the Invesco S & P 500 Equal Weight ETF (RSP) saw inflows go vertical last year to $13.5 billion, 30% above its prior 12-month record. Betting on 'peacetime' Fed cuts Right or wrong, the market debate right now can never get far before turning into a Fed-policy-path discussion. Last week's CPI and PPI data added to the market's collective conviction that inflation's downside momentum is strong, opening the way for "peacetime" Fed rate cuts.

Persons: that's, Russell, Ned Davis, Tim Hayes, Tony Pasquariello, Goldman Sachs, Henry McVey, KKR's, McVey, Morgan Stanley, Todd Sohn, Strategas, they're, Jerome Powell Organizations: Ned Davis Research, Goldman, Nasdaq, Apple, CPI, PPI Locations: U.S

☆ Silicon Valley engineers joked you'd go to LinkedIn to retire. Then came the PIPs and layoffs.
▼ + stars: | 2024-01-12 | by ( Jyoti Mann | Grace Kay | ) www.businessinsider.com time to read: +12 min

"For years, there was a semi-joke that some people in Big Tech go to LinkedIn to retire," a current engineer told BI. Amid a transformative year for the social network, LinkedIn spokesperson Nicole Leverich said the company has continued to prioritize its employees. The golden days of growthSome LinkedIn workers like to reminisce about what one engineer called the "golden days." AdvertisementLinkedIn rates its workers on a scale of one to five, seven workers told BI. AdvertisementA current engineering manager added that the goalposts for performance reviews had shifted.

Persons: —, Satya Nadella, we've, It's, Nicole Leverich, Leverich, you'd, Mohak Shroff, ChatGPT, We're, Ryan Roslansky, Kelly Sullivan, he'd, hadn't, Roslanksy, Brian Wieser Organizations: Service, LinkedIn, Business, BI, Microsoft, Big Tech, Google Locations: Big, Madison

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