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Seeing my parents struggle took a toll on meI remember my dad borrowing money from loved ones or banks to cover the rent. AdvertisementI had already been helping my family with money for groceries and small bills, but now I wanted to contribute more financially. Establishing boundaries was a big part of my financial journeyMy parents and I haven't always been on the same page regarding money. I didn't do so either time because it didn't align with my financial goals, and my parents weren't very happy with me. For now, I'm focused on sharing my wealth with the people who deserve to enjoy it most: my loving parents.
Persons: , Viviana, Viviana Vazquez, it's, Xavi, babysat, we'd, didn't, Viviana Vazquez I'm, I've, she'd, there's, I'm Organizations: Service, Business, Scholastic, CUNY City College Locations: Mexico, New York, Brooklyn, Baruch
The Senate on Tuesday passed bipartisan legislation to impose sweeping safety and privacy requirements for children and teens on social media and other technology platforms, voting overwhelmingly to send the measure to the House, where its fate was uncertain. Passage of the measure, which has been the subject of a dogged advocacy campaign by parents who say their children lost their lives because of something they found or saw on social media, marked a rare bipartisan achievement at a time of deep polarization in Congress. Despite the lopsided support among Republicans and Democrats, the package faces a fierce lobbying effort by technology companies that are resisting new regulation, and deep skepticism among free speech advocates who argue that it would chill individual expression and potentially harm some of those whom the bill aims to protect. The vote was 91 to 3 to approve the measure, sending it to the House, which is in a summer recess until September. The legislation is the product of years of work by lawmakers and parents to overhaul digital privacy and safety laws as social networking sites, digital gaming and other online platforms increasingly dominate children’s and teens’ lives.
Persons: Organizations: Democrats
Arista Networks — The computer networking company added nearly 3% after beating Wall Street expectations on both lines in the second quarter. Arista posted adjusted earnings of $2.10 per share on $1.69 billion in revenue, while analysts polled by LSEG predicted $1.95 in earnings per share and $1.65 billion in revenue. Pinterest issued disappointing guidance for third-quarter revenue, giving a range of $885 million to $900 million and missing analysts' expectations. In its fiscal third quarter, Starbucks posted adjusted earnings of 93 cents per share, meeting expectations of analysts polled by LSEG. In the fiscal third quarter, Skyworks' adjusted earnings came in at $1.21 per share, in line with analysts' expectations, per LSEG.
Persons: LSEG, Pinterest, Mondelez, , Darla Mercado, Jesse Pound, Pia Singh, Sarah Min Organizations: Microsoft, AMD, Arista Networks, Arista, Starbucks, LSEG, Revenue, Caesars Entertainment, Caesars, Western Union, FactSet, Entertainment, Ticketmaster, LSEG . Revenue Locations: Informatica, FactSet .
Here are Monday's biggest calls on Wall Street: Morgan Stanley reiterates Live Nation as overweight Morgan Stanley said shares of the entertainment concert company are compelling. " Cantor Fitzgerald reiterates Nvidia as overweight Cantor said the stock is still a top pick at the firm. Guggenheim upgrades Akamai to buy from neutral Guggenheim said shares of the cloud computing networking company have more room to run. Bank of America reiterates Apple as buy Bank of America said it's bullish heading into Apple earnings later this week. JPMorgan reiterates Eli Lilly as overweight JPM said the stock is a "core holding" ahead of earnings on August 8.
Persons: Morgan Stanley, Cantor Fitzgerald, Cantor, TD Cowen, AAPL, Wells, Booz Allen Hamilton, it's, Guggenheim, Piper Sandler, Charles Schwab, Piper, Schwab, Olin, Mizuho, Bill Brown's, Myers Squibb, JPMorgan, Eli Lilly, JPM, Evercore, Tesla, Oppenheimer, Raymond James, Davidson, Raymond James downgrades Organizations: NVDA, MU, Apple, Huawei, Booz, Guggenheim, RBC, Deutsche Bank, Northrop, Deutsche, JPMorgan, Uber, Holdings, 3M, " Bank of America, Bank of America, Edge, Barclays downgrades Bristol, Myers Squibb, Barclays, Bristol, Ford, Microsoft, Charter, HSBC Locations: China, underperform
Twenty years ago, when I was 35, I left my life in the greater Boston area to pursue a job opportunity in glamorous Milan. I was on a permesso di soggiorno (residence work permit), which allowed me one year to find another job. With a few months left on my permit, I received an offer to work for a U.S. multinational with offices in Italy. I was so glad that I hung in there and bet on myself and my life in Italy. Ultimately, I learned valuable things about my peers and the business over a relaxing meal or coffee.
Persons: I've, Leslie Strazzullo, It's, soggiorno Organizations: Duomo, Milano, University of South, Pirelli Locations: Milan, Boston, University of South Carolina, Italy, Hall, U.S
Swanson has been working as a live-in nanny in the Hamptons since 2020. On July 1, the 33-year-old posted a 90-second clip on her account @meredithgswanson walking people through a day in her life as a nanny in the Hamptons. "I was stunned," says Swanson, who started vlogging about nannying in the Hamptons over a year ago. Every family she's worked with in the Hamptons has loaned her a car for the summer, which is how she commutes. Care.com puts the average rate for a live-in nanny in East Hampton at $26.33 an hour.
Persons: Swanson, Meredith Swanson, nannying, I've, she's, Summers Organizations: Hamptons, Broadway Locations: New York City, Manhattan, nannying, nannied, East Hampton
"I had no reason to move here because my whole family, everyone was back in India," Bajaj said. She said interviews in India focus on past experience, while in the US, you are expected to sell yourself and talk about what you can bring to the table. In India, she said work place was very much a "community" where her coworkers were her best friends. Bajaj and Shah said they both had to learn the boundaries of professionalism in the US. Advertisement"You can do 18 hours of work in India because all you are doing is working," Bajaj said.
Persons: , Priya Bajaj, Bajaj, Bajaj's, Darshan Shah, Shah, it's, hadn't Organizations: Service, Google, Sony Pictures, Business, Bajaj Locations: India, Mumbai, America
But what about "ugly privilege"? A TikToker called Sarah posted a video this week, which has amassed 159,000 views at the time of writing, where she explained why she thought she had "ugly privilege" and what it meant. "But when I say I have ugly privilege, it's not that I necessarily think I'm an ugly individual," Sarah said. She continued: "But when I say I have ugly privilege, what I mean by that is men, in general, don't mind me attractive." Underlying sexismRegardless of the "privilege" of being deemed ugly or pretty, women are disproportionately scrutinized for their looks and are acutely aware of this scrutiny.
Persons: , Sarah, it's, I've, that's, Lucas Botzen, Botzen, Melissa Weaver, hadn't, Weaver, Daniela Herrera, Chilcutt Organizations: Service, Business, Johns Hopkins Carey Business School, University of, Sinclair Pharma, Allies, Recruiting
Here are Thursday's biggest calls on Wall Street: Bank of America reiterates IBM as buy Bank of America said the "portfolio is delivering" despite the company's mixed earnings report on Wednesday. Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's sticking with Ford as a top pick following earnings on Wednesday. Bank of America reiterates CrowdStrike as buy Bank of America lowered its price target to $365 per share from $400 but said it's sticking with the stock. Barclays reiterates Super Micro Computer as overweight Barclays said it's sticking with its overweight rating heading into earnings in early August. " Bank of America reiterates Birkenstock as buy Bank of America said the stock "warrants a higher multiple."
Persons: Mizuho, ServiceNow, Morgan Stanley, Ford, KeyBanc, Baird, AAPL, Price, LULU, Goldman Sachs, Dell, Goldman, Roper, CBRE, it's, CrowdStrike, Susquehanna, Bank of America downgrades Lamb Weston, Lamb Weston, Chipotle, Piper Sandler, Marvell, Piper, Birkenstock Organizations: Bank of America, IBM, Infrastructure, Consulting, Mizuho, Software, Ford, Apple, BMO, Citi, Dell, DELL, Roper Technologies, " Bank of America, Meta, AMD, SOX, JPMorgan, GE, Deutsche Bank, Deutsche, Barclays, AMC, Sirius XM, Davidson, Polaris
Revenue in the second quarter missed analysts' expectations, coming in at $1 billion versus consensus estimates of $1.04 billion, per LSEG. Boston Beer Company – The maker of Twisted Tea and Samuel Adams slid 5% after second quarter results missed the Street's estimates. The company reported adjusted earnings of $3 per share, excluding items, on revenue of $2.8 billion in the second quarter. Juniper posted adjusted earnings of 31 cents per share and revenue of $1.19 billion in the second quarter. That came up short against analysts' estimates of 44 cents per share in earnings and $1.25 billion in revenue, per LSEG.
Persons: Samuel Adams, Boston Beer, Coursera, Juniper, , Darla Mercado Organizations: Revenue, Boston Beer Company, Boston, Mohawk Industries, FactSet, Juniper Networks
Her husband, James, 39, is a freelance musician who earns around $60,000 a year. James said he wants to contribute more toward their lifestyle and retirement goals, but he knows he can't match-up financially. "Geena wants James to be engaged with money. "Taylor wants Steve to want more for himself, to become a financial partner in their relationship," Sethi said. "The solution is to fix your worldview of money and master your own money psychology," Sethi said.
Persons: Geena, James don't, James, I've, Ramit Sethi, Rich, I'm, Sethi, Taylor, Steve, it's, James isn't, James doesn't, he's Locations: New York
Altogether, 6.8 million people are out of a job, which means millions are currently looking for their next role. If you're job searching yourself, remember that sending out resumes is only part of the equation. Networking is "one of the most pivotal things you can do," says Jasmine Escalera, career expert at My Perfect Resume. That's because asking people in the field questions one-on-one "helps you understand, what are industry trends that I should be focused on?" It helps you understand, "how do I best market myself to be the individual who can do this job?"
Persons: Jasmine Escalera, you'll Organizations: Bureau of Labor Statistics
Montaque cofounded Group Black in 2021 with the goal of directing $500 million in advertising money to Black-owned media in its first 18 months. With the pledge, Group Black laid out a plan to steer money to Black media owners and acquire media companies. Bough, Group Black's chief strategy officer, was a former Mondelēz and PepsiCo marketer who presented the CNBC reality show "Cleveland Hustles." Various outlets reported that Group Black mounted bids for media companies including the Sports Illustrated publisher Arena Group, the Paramount-owned BET, Vice Media, and Vox Media. Seven former employees described Montaque as an energetic leader but said he was ultimately ineffective in executing Group Black's mission.
Persons: Travis Montaque, Weeks, Montaque, Bonin, Black, George Floyd, Breonna Taylor, Richelieu Dennis, Dennis, Ursula M, Burns, Randy Brooke, Ursula Burns, Seth Kaufman, Moët Hennessy, Gamble, Ziff Davis, offsites, Gamble —, Spokespeople, Derrick Johnson, Lionel Hahn, Todd Brown, It's, Christopher Kenna, I'm, Samantha Skey, Black's Travis Montaque, Arturo Holmes, Vivek Shah, Bough, Sheila Marmon, Media's Refinery29, Erika Goldring, Richelieu Dennis who's, Kirk McDonald, GroupM Organizations: Black, Cannes Lions, Business, Black's, SHE, Cola, Walmart, PepsiCo, CNBC, Xerox, Getty, Moët Hennessy North America, Procter, Gamble, NAACP, Urban Edge Network, Corporate America, Association of National Advertisers's Alliance, Inclusive, Multicultural, Diversity Media, Penske Media Corp, Zeta, Fox, Everyday Health, Sports, Arena Group, Paramount, BET, Vice Media, Vox Media, Galore Media, Mirror, Marmon, Media Locations: GroupM, America, Soho, Manhattan, Santa Monica, Cannes
In September, about a dozen founders arrived in Miami to participate in AI Forge, a new startup incubator. Courtesy of an AI Forge Miami participantJackson said that none of the Miami founders had complained about developers turning work in late. AI Forge agreed to take over 9% of their businesses, "but that means they've got the other 91%," he said. Two Miami founders said they were considering taking legal action against AI Forge over their late and missing payments. AdvertisementAI Forge discontinued its Miami program after the first run, but it launched its third London program in May.
Persons: They'd, Kevin Jackson, , hadn't, Jeffrey Greenberg, Slack, Jackson, Forge, PitchBook, they'd, Forge hadn't, didn't, they've, Craig Massey, Massey, Forge's, Heradio Luces Organizations: Service, Founders, Six Miami, Universal, Getty, Forge, Miami, London Locations: Miami, Italy, Miami Bay, Turkey, Los Angeles, Pennsylvania, London
Meta on Tuesday announced the latest version of its Llama artificial intelligence model. Nvidia is a key Meta partner and provides the social networking giant with the computing chips called GPUs to help train its AI models, including the latest version of Llama. For example, Meta said that Llama model announced on Tuesday was trained on 16,000 of Nvidia's H100 graphics processors. But open-source models can cost hundreds of millions or billions of dollars to create. There aren't many companies that are financially able to develop and release open-source models with similar amounts of investment.
Persons: Mark Zuckerberg, Meta, Zuckerberg, Jensen Huang, Ash Jhaveri, We're, Jhaveri, WhatsApp Organizations: Meta, Google, Nvidia, Amazon Web Services, Microsoft, CNBC Locations: Tokyo, Dell, U.S
It was because I knew that working in Big Tech in Silicon Valley would change me into a different person and I'd never move back. It's been 11 years since then, and I think I've gotten happier with my life here now that I've worked at a few different jobs in Big Tech. But despite this, working in the US suits me better than working in India because of my individualistic mindset. Some people back home think very competitively — they've hinted that they think I'm just plain lucky, and if they had the opportunity, they'd do it too and much better. Even if I had all the resources to go back to India, it'd be different — I've grown apart from who I was.
Persons: Uday Padyana, I'd, It's, I've, India I've, I'm, it's, they've, there's, , haven't, would've, India I'm, could've, it'd, Jeff Bezos's, Jane Zhang Organizations: Service, Big Tech, Big, Business, PayPal, Uber Locations: Silicon Valley, India, Big Tech, Silicon, Atlanta, Washington , DC, American, janezhang@businessinsider.com
CrowdStrike has issued its own guidance on what affected organizations can do in response to the issue. One example of that has been targeting Spanish-speaking CrowdStrike customers, the company said in a separate blog post. When opened, the file installs malicious software that phones home to a server the hackers control and may use to give additional instructions to the malware. “CrowdStrike Intelligence recommends that organizations ensure they are communicating with CrowdStrike representatives through official channels and they adhere to technical guidance the CrowdStrike support teams have provided,” the company said. “Bad actors routinely try to take advantage of current events, so it’s not all surprising to see them attempting to take advantage of this one,” Callow said.
Persons: CNN —, , CrowdStrike, Kenn White, , cybercriminals, Lina Khan, Azim Khodjibaev, Brett Callow, ” Callow Organizations: CNN, Department of Homeland Security, Infrastructure Security Agency, CrowdStrike Intelligence, Federal Trade Commission, Internal Revenue Service, Social Security Administration, FTC, Cisco, FTI Consulting
In this regard, the ratings of top Wall Street analysts and their investment theses can provide useful insights and help us make the right decisions. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. The company recently reported its June sales and announced an increase in its membership fee. He estimates a potential benefit of nearly 3% to the company's earnings per share over each of the next two years. Even after the stock's impressive year-to-date rally, Goldman Sachs analyst Toshiya Hari thinks that it has more room to run.
Persons: Corey Tarlowe, Tarlowe, TipRanks, MongoDB, Ivan Feinseth, Feinseth, Goldman Sachs, Toshiya Hari, Colette Kress, Hari, Nvidia's, Blackwell Organizations: Wall Street, Costco, Jefferies, Tigress, Nvidia Semiconductor, Nvidia, Blackwell Locations: Costco's
Here are Friday's biggest calls on Wall Street: UBS upgrades Accenture to buy from neutral UBS said the IT services company has AI optionality. UBS upgrades Wolverine World Wide to buy from neutral UBS said it sees sales growth and margin upside for the footwear manufacturer. JPMorgan reiterates Netflix as overweight JPMorgan said it's sticking with its overweight on Netflix following Thursday's earnings report. Bank of America reiterates Amazon as buy Bank of America said it's sticking with its buy rating following Amazon's Prime Day. UBS upgrades Ameren to buy from neutral UBS upgraded the electric services company and said regulatory risks are "overly discounted."
Persons: Morgan Stanley, Oppenheimer, William Blair, it's, Needham, Coinbase, Wedbush, it's bullish, Barclays downgrades Molson Coors, Cantor Fitzgerald, Cantor, Evercore, JPMorgan, Buck, Melius Organizations: UBS, Accenture, JPMorgan, Netflix, Revenue, Bank of America, 3Q, Nvidia, Meta, NASDAQ, Trump, Vance, Big Tech, Choice, Barclays downgrades, Barclays, TAP, Apple, Services, Broadcom, Broadcom's, Consumer, Hasbro Locations: China, Coinbase
John Deere has backed down from a number of DEI initiatives, seemingly in response to online criticism. The company said it won't partake in external "cultural awareness" parades and reaffirmed its lack of a pronoun policy. In a viral video, conservative activist Robby Starbuck said John Deere had "gone woke." AdvertisementTractor maker John Deere has backed down from its DEI initiatives after facing substantial criticism from conservatives online. John Deere "will no longer participate in or support external social or cultural awareness parades, festivals, or events," it said in a post on X on Tuesday.
Persons: John Deere, Robby Starbuck, Organizations: Service, Business
But despite the chance, he posted on LinkedIn last week, he chose not to invest in Uber — a company that's now worth roughly $138 billion. It was "one of the greatest mistakes of my investing career," wrote Vaynerchuk, currently the CEO of Vaynerchuk Media. In 2009, Uber's co-founders sought funding at a $10 million valuation, serial entrepreneur Mark Cuban told Peacock's "Hart to Heart" last year. "I realized, Uber doesn't sell transportation ... Uber sells us time," Vaynerchuk wrote. "Just think: If I would've given him $250,000 on a [$10 million] valuation, it'd be billions," he said.
Persons: Resy, Gary Vaynerchuk, Uber, Uber's, Mark Cuban, Peacock's, Hart, Vaynerchuk, Travis Kalanick, Garrett Camp, Vaynerchuck, Logan Paul, AJ Vaynerchuk, AJ, Cuban, Kalanick, Peacock Organizations: Twitter, LinkedIn, Uber, Vaynerchuk Media, CNBC Locations: New York City, NBCUniversal
It sounds simple enough — rent comes in and, ideally, it's greater than the rental expenses, resulting in positive cash flow — but real estate investors agree that rental income shouldn't be categorized as passive. "You hear that real estate investing is passive, and that's certainly not been my experience," New England-based investor Tess Waresmith, who owns five units, told Business Insider. But when I'm not actively buying, I don't spend much time on real estate." Real estate syndicationWith real estate syndication deals, a group of investors pool together their capital to purchase a single property managed by the syndicator. He recommends starting with an online search for "real estate syndicates" or "commercial real estate syndicates" if you're specifically interested in commercial deals.
Persons: , that's, Tess Waresmith, Stephen Yin, I'm, Carl, Mindy Jensen, we've, Mindy, Erik Smolinski, Smolinski, hasn't Organizations: Service, Business Locations: New England, Los Angeles, Birmingham, Colorado
Nvidia plans to reveal examples of how its end-customers are making money on AI chips, according to Goldman Sachs. Goldman Sachs expects Nvidia to once again beat earnings estimates when it reports in late August. That's according to a Monday note from Goldman Sachs, which details key takeaways from a recent meeting with Nvidia CFO Colette Kress. AdvertisementHowever, according to Goldman Sachs, Kress said that Nvidia plans to highlight the profits its end-users are generating from the growing use of its AI-enabled GPU chips. Overall, Goldman Sachs said it is confident Nvidia will deliver a positive earnings surprise that leads to positive EPS revisions when it reports results next month.
Persons: Goldman Sachs, , That's, Colette Kress, Kress, Blackwell Organizations: Nvidia, Service, Bank of America, Meta, Blackwell, Goldman, Software Locations: FY4Q
Finding a job in Ireland is tough, especially if you're not in the country yetIt's hard to get a job in Dublin. Sadly, the Irish job market is extremely competitive, especially in Dublin. AdvertisementFinding housing in Ireland is equally as difficult, if not harder, than job huntingRent in Ireland can be pricey. Alexis McSparrenFinding housing in Ireland overall is very difficult, but finding housing in Dublin is a struggle. Finding my people in Ireland took some timeI met my boyfriend after I moved to Ireland.
Persons: , I've, Alexis McSparren, nannying, you'll, Don't, It's, Alexis McSparren There's, it's, we've, they've Organizations: Service, Business, European Union, Irish, UNESCO, Heritage Locations: Ireland, Dublin, Missouri, Europe, Moher, Indiana, American
Learn moreAmazon Prime Day, which is in its final stretch today, has brought many of our favorite tech, beauty, and home products to all-time-low prices. We check every deal against our tested guides and price tracking to make sure you're getting the best products for the lowest cost, optimizing your Prime Day experience. As more of Business Insider's top-rated products and brands go on sale during Prime Day, we'll continue to update this page with new discounts. If you're looking for a solid Android tablet, this is an excellent option, especially at its lowest price ever for Prime Day. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for more.
Persons: it's, we'll, MagSafe, Max, , Gabrielle Chase, , Herschel, Eero Organizations: Business, Samsung, Amazon, Kindle, Apple, Herschel Supply, Amazon Samsung, Amazon LG, LG, Adidas, Alexa, Amazon Prime
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