DIRS.INFO The most relevant business & tech news

☆ Here's what has driven the Dow rally to 40,000, and why it could keep going
▼ + stars: | 2024-05-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange on May 16, 2024. Passing major milestones like the 40,000 barrier the Dow Jones Industrial Average eclipsed this week makes for a nice headline, but market experts don't take much else from the move. Forty thousand "is a great milestone, but [at the] end of the day there isn't much difference between 39,999 and 40k," said Ryan Detrick, chief market market strategist at Carson Group. But the "Waiting for Godot" economic retrenchment never happened, despite wobbly corporate profits and other headwinds. Those factors outweighed queasiness over where the Federal Reserve was headed with monetary policy amid inflation that has proved surprisingly sticky.

Persons: Ryan Detrick Organizations: New York Stock Exchange, Dow Jones, Carson Group, Wall Street, Federal

☆ Think corporate greed is the leading cause of inflation? Think again
▼ + stars: | 2024-05-15 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —Some progressives have frequently blamed corporate greed for fueling the high cost of living that Americans are fed up with. That’s corporate greed. That’s corporate greed. Although the paper did not directly mention corporate greed, shrinkflation or Biden, the research undercuts the argument that greedflation drove the early inflation. That report found corporate profits were to blame for 34% of inflation since the start of Covid-19.

Persons: Sen, Elizabeth Warren, ” Warren, “ That’s, It’s, —, ”, Joe Biden, ” Biden, CNN’s Erin Burnett, Biden, – we’re, shrinkflation, greedflation, Jeremy Edwards, ” Edwards, “, –, Greg Valliere, ” Valliere, Jerome Powell, Caroline Ciccone, profiteer Organizations: New, New York CNN, Federal Reserve Bank of San Francisco, Fed, SF Fed, ”, CNN, White, AGF Investments, Federal Reserve, Federal, Federal Reserve Bank of Kansas City Locations: New York, America, Kansas

☆ I moved back to the US from Switzerland when my daughter was 3. My suburban neighbors don't get the way I parent.
▼ + stars: | 2024-05-14 | by ( Chantal Panozzo | ) www.businessinsider.com time to read: +6 min

AdvertisementBut beyond the environmental consequences of the car line, something feels even more detrimental: American parenting culture. Related storiesInstead, I found that Swiss parenting basically boils down to a concept of benign neglect, where kids learn to manage themselves. Chantal PanozzoWhen I first moved to Switzerland, I was homesickMy husband and I moved to Switzerland in 2006 for a job opportunity. Daughter gone. AdvertisementAnd if that isn't a Swiss parenting win in an otherwise American world, then I don't know what is.

Persons: we'd, I've, it's, Chantal Panozzo, I'd Organizations: Service, Business Locations: Chicago, Switzerland, Swiss, Zurich

☆ Malaysia won't use interest rates to prop up the ringgit, says central bank deputy chief
▼ + stars: | 2024-05-14 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

Malaysia will not use monetary policy as a tool to shore up its currency, according to the central bank's deputy governor. Bank Negara's Adnan Zaylani Mohamad Zahid said the country's monetary policy decisions will be determined by economic growth and the inflation outlook. The ringgit currently does not reflect Malaysia's economic fundamentals and growth prospects, Bank Negara said in a statement last week. This has been fueled by expectations that the U.S. Federal Reserve could hold interest rates higher-for-longer as inflation remains sticky. Adnan Zaylani said the central bank expects the U.S. interest rate cycle to turn at "some point in time," which will then reflect on the "ringgit performance."

Persons: Bank Negara's Adnan Zaylani Mohamad Zahid, CNBC's, Adnan Zaylani Organizations: Bank, Bank Negara, Korean, U.S ., U.S . Federal Locations: Malaysia

☆ Sri Lanka travel visa costs doubled to $100 last month. The reason for the hike is disputed
▼ + stars: | 2024-05-14 | by ( Monica Pitrelli | Erica Lamberg | ) www.cnbc.com time to read: +3 min

The cost to obtain a short-term visa to visit Sri Lanka rose from $50 to $100 in April. In response, VFS Global said, "Visa categories were introduced as per the directives of [Sri Lanka's] Department of Immigration and Emigration (DI&E)." Both parties agreed that 30-day travel visas priced at $50 had been reinstated as of May 7. But VFS Global's fees angered many in Sri Lanka's travel industry and led to allegations of corruption by Sri Lankan opposition leaders. "The government of Sri Lanka won't be charging, but the platform … will," he said.

Persons: Harin Fernando, VFS, scammers, Fernando, — Organizations: VFS, Sri, Harin, CNBC, of Immigration, E, Sri Lanka's Ministry of Public Security, VFS Global Locations: Sri Lanka, Sri Lanka's, Sri Lankan, India, China, Indonesia, Japan, Malaysia, Russia, Thailand

☆ Alice Munro, Nobel Prize winner and ‘master of the short story,’ dies aged 92
▼ + stars: | 2024-05-14 | by ( Yahya Salem | ) edition.cnn.com time to read: +6 min

CNN —Alice Munro, the Nobel Literature Prize winner best known for her mastery of short stories and depictions of womanhood in rural settings, has died in Ontario, Canada, at the age of 92. The news was confirmed to CNN “with great sadness” by a spokesperson at her publisher, Penguin Random House. It largely sets the tone for Munro’s prose; semi-autobiographical in nature and exploring the universality of the human urge for self-discovery, love, and independence, through the mundanity of everyday life in small, rural communities. Alice Munro, left, and Margaret Atwood at the National Arts Club in February 2005. Munro’s mastery of short stories and literature has been lauded by many of her contemporaries.

Persons: Alice Munro, Munro, “, Emily Brontë, Charles Dickens, Lucy Maud Montgomery, ”, ” Stephen Pearson, James Munro, Catherine, Eudora Welty, Flannery O’Connor, Carson McCullers, —, General’s, ” Munro, Margaret Atwood, Atwood, Diane Bondareff, James Wood Organizations: CNN, Penguin Random, “ The Paris, Guardian, Fairfax Media, University of Western, CBC, Yorker, National Arts Club, Literature Locations: Ontario, Canada, Wingham , Ontario, ”, University of Western Ontario, Vancouver, Victoria, Canadian, Russian

☆ We let our young kids play together unsupervised in our neighborhood. It's great for them, and it's great for us.
▼ + stars: | 2024-05-11 | by ( Amber Adrian | ) www.businessinsider.com time to read: +5 min

Amber Adrian and her husband were both allowed to play outdoors unsupervised when they were young and wanted the same thing for their kids. Amber Adrian's kids play outside with their neighbors. Courtesy Amber AdrianNeighborhood play is importantSix years ago, with a baby and a 2-year-old in tow, we moved into an older neighborhood in a small Midwestern town. As the years have passed, we've developed a good vibe of free neighborhood play among the houses closest to us. Kids in Amber Adrian's neighborhood enjoy frequent outdoor time together.

Persons: Amber Adrian, We've, we've, Amber Adrian's, Amber Adrian We've Locations: Amber Adrian's

☆ Justin Bieber and Hailey Baldwin's Relationship Timeline
▼ + stars: | 2024-05-09 | by ( Callie Ahlgrim | Palmer Haasch | ) www.businessinsider.com time to read: +29 min

2009: Justin and Hailey met at a fan eventAccording to 234Star.com, Justin and Hailey first met at a fan event (for Justin, not Hailey) in 2009. February 2011: Hailey attended another Bieber Fever eventHailey Baldwin, Justin Bieber, and Steven Baldwin at the 2011 premiere of "Never Say Never." July 2015: Justin and Hailey got matching tattoosA post shared by Justin Bieber (@justinbieber)In the summer of 2015, Justin and Hailey got matching "G" tattoos. May 5, 2018: Hailey attended the Met Gala with Shawn MendesShawn Mendes and Hailey Baldwin at the 2018 Met Gala. October 4, 2019: Hailey starred in Justin's music video for '10,000 Hours'Justin and Hailey Bieber in the "10,000 Hours" music video.

Persons: —, Sara Hendricks, Justin, Hailey, 234Star.com, Stephen Baldwin, Hailey Baldwin, Justin Bieber, Steven Baldwin, Richard Corkery, Kendall Jenner, Selena Gomez, Gomez's, Georgia Veach, Chad Veach, Hillsong Church . Georgia, Chad, Julia Veach, Leonardo DiCaprio's, Bieber, Jason Merritt, Frederick M, Brown, I'm, Vogue, Sofia Richie, Justin unfollowed Hailey, Richie didn't, Selena Gomez Justin Bieber, Stuart Franklin, Christopher Polk, Paola Paulin, Abel Tesfaye, Gomez, Tesfaye, Shawn Mendes Shawn Mendes, Neilson Barnard, Staff Hailey, Shawn Mendes, Mendes, Rich Wilkerson Jr, Jeremy Bieber, Steve Baldwin, Kim Basinger, Alaia, Basinger, Hailey's, Alec Baldwin, What's, Hailey flaunted, Bjorn Iooss, Hailey draping, Grant Mobley, Jack Solow, Solow, James Devaney, Vogue's Rob Haskell, Justin serenaded Hailey, Ricky Vigil, — Hailey, Instagram Justin, Elle, wasn't, Hailey Rhode Bieber, Rhode, It's, Instagram Hailey, Lyme, Hailey Bieber, Dan, Shay, livestream, Ellen DeGeneres, Justin's, Ariana Grande, K, Kevin Mazur, GQ, Jeff Kravitz, Judah Smith, Kennya Baldwin, I've, Ebro, Bauer, Griffin, Kylie Jenner, concertgoers, Kim Kardashian, Kris Jenner, DJ Khaled, Jenner Organizations: Service, Business, Daily, Getty, New, New York City, Vogue, Hillsong Church, Hillsong Church ., Lissencephaly, Weekly, Staff, Hamptons, Twitter, they're, Cosmopolitan, Vogue Mexico, Solow, TMZ, Bureau, London Fashion, Adidas, Stratford Perth Museum, YouTube, Children's, Amazon Studios, Amazon Prime, Chelsea, Nation, Apple, Ebro Darden, Bellocqimages Locations: New York, St, Barts, Instagram, Los Angeles, Miami, Domino, Bahamas, Ireland, New York City, Vogue Mexico, Toronto, London, Buckingham, South Carolina, NYC, Brooklyn, lacy

☆ The Balmain dress Elle Fanning wore to the Met Gala has a long history
▼ + stars: | 2024-05-09 | by ( Leah Dolan | ) edition.cnn.com time to read: +6 min

For Elle Fanning, who showed up to Monday night’s Met Gala in a completely transparent Balmain gown, it was the latter. Behold: The naked dress (or in Redmayne’s case, naked suit). In 1962, Hollywood actor Carroll Baker was photographed in one of the first ever naked dresses — also designed by Balmain. Balmain just designed the 8th one.”Hollywood starlet Caroll Baker also wore one of Balmain's transparent dress designs in 1962. Her sheer Balmain dress turned heads — and generated headlines.

Persons: it’s, Elle Fanning, Fanning, Emily Ratajkowski, Kim Kardashian, Doja, Phoebe Dyvenor, Greta Lee, Eddie Redmayne, Theo Wargo, Miley Cyrus, Jennifer Lawrence, Vanessa Hudgens, Florence Pugh, Kendall Jenner, Charli, Charlize Theron, Iris Law, Carroll Baker, —, Baker, Pierre Balmain, “, sparkles, ”, Caroll Baker, Spencer, “ Carroll, Yves Saint Laurent didn’t, Mary Quant, Edie Sedgwick, Trevor Humphries, Baker’s, nonchalantly Organizations: CNN, Balmain, Hollywood, Dior, Hulton, New York Times, Production, Paramount, Fox, MGM, Warner Brothers Locations: Prada, Paris, London, Balmain, British, America, Europe, Hollywood, Baker’s

☆ The US dollar is so strong that China's central bank, among others, just keeps loading up on gold
▼ + stars: | 2024-05-08 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Central banks are on a gold-buying spree, contributing to record-high spot gold prices. Other central banks are also snapping up gold to diversify their assets on the back of a strong greenback. Other central banks are also loading up on gold. Emerging market central banks that bought gold in the first quarter of the year include Kazakhstan, Oman, Kyrgyzstan, and Poland. There are political motivations for central banks to diversify their assets, too.

Persons: —, it's, bode Organizations: Service, People's Bank of China, greenback, Gold, JPMorgan, Allianz Locations: China, Turkey, India, Kazakhstan, Oman, Kyrgyzstan, Poland, United States

☆ Britain summons Russian ambassador, targets Moscow-owned homes and charges five alleged spies
▼ + stars: | 2024-05-08 | by ( Rob Picheta | ) edition.cnn.com time to read: +2 min

Russia has faced waves of sanctions from the UK and other Western nations since launching its full invasion of Ukraine in February 2022, though President Vladimir Putin has sought to downplay their significance. British Foreign Secretary David Cameron described the new measures as an “unequivocal message to the Russian state” that “their actions will not go unanswered.”“Since the illegal invasion of Ukraine, Russia’s attempts to undermine UK and European security have become increasingly brazen,” Cameron said. Moscow has in the past sought to sanction Western individuals in tit-for-tat moves, barring dozens of British figures from entering the country after a previous wave of measures from London last year. “In the coming days, we should expect accusations of Russophobia, conspiracy theories and hysteria from the Russian government,” Cleverly said as he detailed the measures in Parliament on Wednesday. “This is not new, and the British people and the British government will not fall for it and will not be taken for fools by Putin’s bots, trolls and lackeys.”

Persons: James, attaché, “, Seacox Heath, ”, Vladimir Putin, Putin, David Cameron, Russia’s, ” Cameron Organizations: London CNN, Moscow, Russian, Foreign Office, National Security, British, “ Locations: United Kingdom, Russian, Highgate, London, Sussex, England, Ukraine, Russia, Moscow, British

☆ Workday Has Become the Most-Hated Workplace, Business Software
▼ + stars: | 2024-05-06 | by ( Matt Alston | ) www.businessinsider.com time to read: +13 min

Every HR professional and hiring manager I spoke with — whose lives are supposedly made easier by Workday — described Workday with a sense of cosmic exasperation. "Workday does not have oversight or control of our customers' job application processes.") If candidates hate Workday, if employees hate Workday, if HR people and managers processing and assessing those candidates and employees through Workday hate Workday — if Workday is the most annoying part of so many workers' workdays — how is Workday everywhere? (Workday's "customers choose the frequency at which they conduct reviews, not Workday," said the spokesperson.) "HR software sucking" is a big tent.

Persons: you'd, Workday's, —, David Duffield, Teladoc, UKG, Cory Doctorow, It's, He'd, Matt Alston's, Stone Organizations: Fortune, Netflix, Goodwill, Spotify, Washington Post, Ohio State University, FedEx, Nintendo, Honda, LinkedIn, IBM, Oracle, Bank of America, Automation, Rippling, Systems, Facebook, Wired Locations: San Francisco, Amazon's, It's, Bonusly, Maine

☆ Kendrick Lamar and Drake's beef explained, from its 2013 origins to their diss tracks "Push Ups" and "6:16 in LA" and latest responses
▼ + stars: | 2024-05-04 | by ( Ayomikun Adekaiyero | Eve Crosbie | ) www.businessinsider.com time to read: +26 min

Both rappers released diss tracks that took blistering personal shots on Friday night. "He doesn't have the heart for the lying, disrespect, and animosity it requires to make an effective diss track," Pierre wrote. Later in the track, Drake references Cole's diss track and apology. At the end of the track, Lamar samples a 1994 Tupac interview to simulate a conversation between the two rappers. "6:16 in LA" also parodies Drake's song titles, which often feature location names and timestamps.

Persons: Kendrick Lamar, Drake's, Drake, —, Lamar's fiancée Whitney Alford, Lamar, Aubrey Drake Graham —, Lamar dissed Drake, J, Cole, Rick Ross, Cole —, Taylor, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, Prince, Mike Jack, Prince . Prince, “, rics, Organizations: Metro Boomin, Service, Future, Metro, HBO, Drake, Wireless, Lamar, Big, Rocky, Rap Locations: Drake's, Lamar, LA, Florida

☆ Google workers fired for Israel contract protests claim terminations were illegal
▼ + stars: | 2024-05-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Google employees who were fired for protesting the company's work with Israel have gone to the NLRB. AdvertisementGoogle workers who were fired for protesting against the company's cloud contract with the Israeli government filed a complaint with the National Labor Relations Board on Monday. Last month, Google said that it fired 28 employees for staging in-office protests in New York City and Sunnyvale, California. But Google told BI last month that the company's work was not directed at highly sensitive or classified military projects relevant to weapons or intelligence services. AdvertisementThe ongoing dispute between Google and some of its employees highlights companies' tricky balance between their business interests and their workers' desire for self-expression.

Persons: —, Nimbus, Rob Munoz Organizations: Google, Service, National Labor Relations Board, Business, NLRB, BI, Amazon, Protesters, Washington Post, Nimbus, Post Locations: Israel, New York City, Sunnyvale , California, Gaza

☆ Former Google workers fired for protesting Israel deal file complaint claiming protected speech
▼ + stars: | 2024-05-01 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Dozens of former Google workers filed a complaint with the US National Labor Relations Board on Tuesday after they were fired or placed on administrative leave last month for protesting the company’s cloud-computing contract with Israel’s government. We are confident in our position and stand by the actions we’ve taken.”Last month’s protests involved employee sit-ins inside Google’s offices in New York City and Sunnyvale, California. No Tech for Apartheid said last week that 50 Google employees were terminated in connection with the protests. The group claimed that some of the workers fired were “non-participating bystanders” and not actively involved in the workplace activism. But affected workers say they should not have been fired for protesting the company’s actions.

Persons: “, Thomas Kurian, ”, Zelda Montes, Benjamin Sachs, Kestnbaum, that’s, Sundar Pichai, Pichai, ” Pichai, Googlers, –, Catherine Thorbecke Organizations: New, New York CNN, US National Labor Relations Board, Tech, Apartheid, Google, CNN, “, Labor, Industry, Harvard Law School, Hamas Locations: New York, New York City, Sunnyvale , California, Sunnyvale, Israel, Gaza, America

☆ Biden left without an easy solution as campus protests heat up
▼ + stars: | 2024-05-01 | by ( Kevin Liptak | Jeff Zeleny | ) edition.cnn.com time to read: +18 min

Demonstrators supporting Palestinians in Gaza barricade themselves inside Hamilton Hall at Columbia University in New York City on April 30. On Tuesday, White House officials sharply condemned the takeover of a building at Columbia University, voicing a rebuke of tactics they said went too far. Before police were deployed to campus, pro-Palestinian protesters and Israel supporters were clashing at the school , according to multiple reports. Joseph Prezioso/AFP/Getty Images Columbia University students gather for a picket organized by the Student Workers Union (UAW Local 2710) on Monday, April 29. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.

Persons: Joe Biden, Biden, ”, Mike Johnson, “, Karine Jean, Pierre, hadn’t, Alex Kent, Jean, ” Biden, —, “ Biden, nobody’s, Donald Trump, Lauren Hitt, haven’t, Etienne Laurent, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Spencer Platt, Charly Triballeau, Kena Betancur, Seyma, Joseph Prezioso, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk, Morehouse, ’, Karim Safieddine, ” Safieddine, Todd Richmond, Dahlia Saba, Trump, ” Saba, ” Barry Burden, ” Burden, that’s Organizations: CNN, Hamilton Hall, Columbia University, Getty, US, White, Heritage Month, Republican, Fox News, National Guard, Kent State University, University of California, UCLA, Getty Images Police, Police, Hamilton, Reuters Police, Columbia, Reuters, The City College of New, Protesters, Getty Images, Columbia Students, Justice, Brown University, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, George Washington University, AP, Sunday, New York University, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, USA, Network, Austin, University, Emerson College, Swarthmore College, Bloomberg, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, Democratic, US Military Academy, West, Morehouse College, Biden, Syracuse University, University of Pittsburgh, United Steel, Trump, University of Wisconsin, Madison, Democratic Party, Elections Research Locations: New York, Los Angeles, Israel, Gaza, America, spokespeople, New York City, November’s, AFP, The City College of New York, Columbia, Columbia's, Palestine, Providence , Rhode Island, Texas, Austin, Washington ,, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, Vietnam, Biden’s, Pittsburgh, Milwaukee, Chicago

☆ Caledonian Braves: How a tiny Scottish soccer club is chasing ‘Wrexham’-sized dreams
▼ + stars: | 2024-04-29 | by ( Issy Ronald | ) edition.cnn.com time to read: +8 min

On any given evening, Ewing receives emails informing him that some fan in a far-flung location – say, Los Angeles – has just invested in his tiny Scottish soccer club, the Caledonian Braves. “A community club, most people would think, is a local community bound by a certain geography,” says Ewing. National Basketball Association/Courtesy Caledonian BravesAgainst this backdrop, fan ownership has emerged as somewhat of a utopian panacea for some fans. As time went by, the academy’s first team started playing in the Scottish soccer leagues and separated to form the Caledonian Braves in 2019. “You can be anyone really from anywhere and you can also own a football club for as little as £10 ($13).”

Persons: Ted Lasso ”, Ryan Reynolds, Rob McElhenney’s, –, Chris Ewing, Ewing, Los Angeles –, ’ ” Ewing, ”, “, Mujtaba Elgoodah, Elgoodah, braving, ” Elgoodah, Alastair Ross, Nassir Criss, Elizabeth Ball, Kristen Hamilton, Hailie Mace, Isaiah Covington, ” Covington, ” Hamilton, that’s, ‘, ’, ” Criss, Mutjaba Elgoodah, Kiera Burns, ” Ball, Tom Brady, Matthew McConaughey Organizations: CNN — Soccer, Welsh soccer, Scottish soccer, Caledonian Braves, CNN Sport, Scottish, Scottish Premier League, NBA, US, Super League, Golden State Warriors, National, Players ’ Association, Braves, Twitter, Kansas City, Boston Celtics, NFL, National Basketball, English Premier League, St Mirren, Motherwell, Rangers, Celtic, –, Edusport Academy Locations: Wrexham, ”, Los Angeles, Scottish, Australia, Motherwell, Glasgow, – Wyoming, Kansas, Scotland, Heart of Midlothian, France

☆ Opinion: What made Duke Ellington a true genius
▼ + stars: | 2024-04-27 | by ( Opinion Sammy Miller | ) edition.cnn.com time to read: +8 min

CNN —This spring marks both the 50th anniversary of Duke Ellington’s death, and what would have been his 125th birthday. I use their particular ways of expressing themselves and it all becomes part of my own style.”To know Duke Ellington is to know his band — although few can name its other members today. Composer and bandleader Duke Ellington hovers over fellow pianist and band member Billy Strayhorn in this 1948 photograph. “Ellington plays the piano, but his real instrument is the band,” Strayhorn said. If it involved music, Ellington gave it a shot, always with his band in tow.

Persons: Sammy Miller, Duke Ellington’s, Duke ”, Ellington, “, ” Ellington, Duke Ellington, Sonny Greer, Greer, Miley, Jimi Hendrix’s, Harry Carney, Billy Strayhorn, Strayhorn, “ Ellington, ” Strayhorn, ”, Juan Tizol, Lawrence Brown, Clark Terry, — Organizations: Juilliard, CNN, New, Washington D.C, Harlem Renaissance, Ellington, Getty Locations: Harlem, New York, Washington, New Orleans, Pittsburgh, Sugar

☆ All the data so far is showing inflation isn't going away, and is making things tough on the Fed
▼ + stars: | 2024-04-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Finally, consumers are dipping into savings to fund those purchases, creating a precarious scenario, if not now then down the road. With unemployment under 4%, it shouldn't be that surprising that prices aren't" going down, said Joseph LaVorgna, chief economist at SMBC Nikko Securities. So you might have a sticky inflation scenario." "If inflation remains higher, the Fed will be faced with the difficult choice of pushing the economy into a recession, abandoning its soft-landing scenario, or tolerating inflation higher than 2%," Sanders said. "To us, accepting higher inflation is the more prudent option."

Persons: Justin Sullivan, Joseph LaVorgna, LaVorgna, Donald Trump, Biden, Mike Sanders, Sanders Organizations: Getty, Federal Reserve, Commerce Department, Nikko Securities, National Economic Council, Madison Investments Locations: San Rafael , California, U.S

☆ Microsoft and Alphabet just proved AI boom has room to run
▼ + stars: | 2024-04-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Microsoft and Alphabet reported quarterly earnings that beat Wall Street's expectations. On Thursday, just off the heels of Meta's mixed first-quarter results that caused a dip on Wall Street, Microsoft and Alphabet just proved that there's money to be made off of artificial intelligence. However, the executive also made sure to highlight the contributions of Google Cloud, which now comes with generative AI services through Google's AI model, Gemini. Investors appeared pleased with Microsoft's and Alphabet's quarterly performance, which gave the companies a stock surge, as Wall Street continues to nurse a hangover from Meta's first-quarter report. "They have a goldmine of AI engineers and data, and now they're starting to monetize it," Ives said of Alphabet and Microsoft.

Persons: Wedbush's Dan Ives, —, Meta's, Sundar Pichai, Mercedes, Pichai, Ruth Porat, Satya Nadella's, Nadella, Microsoft's, Dan Ives, Ives Organizations: Microsoft, CNBC, Service, Google, Bayer, Cintas, Mercedes Benz, Walmart

☆ Personal CEO calls and $1 million pay packages: How tech companies recruit top AI talent amid a 'gold rush'
▼ + stars: | 2024-04-26 | by ( Kali Hays | Ellen Thomas | ) www.businessinsider.com time to read: +9 min

On top of that, she added that tech companies will give people in AI-related jobs bonuses for performance and plenty of equity compensation. About half of the people came from Big Tech companies. Gill said the new Kognitos hires who haven't come from Big Tech have jumped ship from other startups. Some AI talent are even striking it out on their own to start their own companies. He left his tech job to form an AI startup after seeing another large fundraise from another new AI company.

Persons: —, Sam Altman, Altman, Mark Zuckerberg, Dan Portillo, Goldman Sachs, Jaclyn Rice Nelson, Nelson, that's, Claude chatbot that's, Binny Gill, Kognitos, Gill, he's, haven't, David Steinberg, Steinberg, AI's Nelson, There's, Greg Selker, Stanton Chase, Selker, hemming, hawing Organizations: Service, Business, Meta, Sweat Equity Ventures, OpenAI, Big Tech, Zeta Global Locations: Anthropic, ChatGPT

☆ Opinion | Taylor Swift Needs to Become Other People
▼ + stars: | 2024-04-26 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

Which are the 12 best songs — not just in absolute terms, but in terms of the whole (the album) being constructed out of the parts (the songs)? Which of these songs do they want to play live dozens of times on their upcoming concert tour? For a very different analysis of Swift, consider these comments on X from Katherine Boyle, an Andreessen Horowitz venture capitalist, repurposing a take she offered in 2023. In our cultural environment, Boyle argues, being prolific is everything: “You can’t cede ground to competitors. If Taylor writes 31 songs and 3 are memorable, she’s written three epic songs.

Persons: ”, Taylor Swift’s, Swift, you’re, —, Damon, Bruce Springsteen, Springsteen, Katherine Boyle, Andreessen Horowitz, Boyle, ” Boyle, Taylor

☆ 30-year-old supercommutes over 500 miles to work in New York: ‘I'm the happiest I've ever been’
▼ + stars: | 2024-04-26 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Some mornings, Kaitlin Jorgenson travels 544 miles to get to a job she'll be at for 72 hours. Although Jorgenson was ready to leave New York, she didn't want to give up the career she had built there. All in all, Jorgenson estimates she would spend a minimum of $4,000 each month to live and work in Manhattan. Moving to Charlotte, Jorgenson estimates, has saved her at least $2,000 each month — commuting expenses and all. During the weeks she's not in New York, Jorgenson works part-time at Superbloom Hair Studio in Charlotte, a job with flexible hours that change depending on Jorgenson's appointment schedule.

Persons: Kaitlin Jorgenson, she's, she'll, Jorgenson, Scott J, — Organizations: Charlotte Douglas International, CNBC, Companies, National Bureau of Economic Research, Corporate Locations: New York City, Charlotte , North Carolina, Brooklyn, Charlotte, New York, —, New Jersey, Manhattan, New, LaGuardia, Houston, Chicago, Queens

☆ What it’s really like to live in Macao
▼ + stars: | 2024-04-25 | by ( Lilit Marcus | ) edition.cnn.com time to read: +9 min

Macao, the Chinese special administrative region (SAR) often twinned with Hong Kong, is known as the Las Vegas of Asia. But travelers who are willing to dig in a little deeper can explore Macanese culture, which mixes Portuguese, Chinese and Southeast Asian heritages. Macao is comprised of two islands – the north one, Macao itself, and its southern neighbor Taipa. “In Asia, [people] think that Macao is full of casinos, and I think they do not understand the other parts of Macao,” says Lai. That means that they can live in Macao without a work visa and do not need a company sponsoring them.

Persons: CNN — “, ”, Vivian Lai, Taipa, Lai, ” Marina Fernandes, Michael Maslan, “, it’s, Uber, Fernandes, Eduardo Leal, Ricardo Balocas, Balocas, Don’t Organizations: CNN, Las, Macanese Association, Bloomberg, Macao International Airport, Joseph’s University, Macao, Henley Locations: Macao, Hong Kong, Las Vegas, Asia, China, Taipa, “, ”, Europe, Portuguese, Zhuhai, Macao’s, Singapore, Jakarta, Hanoi, Bangkok, Beijing, North America, Shenzhen, Guangzhou, Bay Area, Portugal, Macao's, Lisbon, St, Philippines, ‘ Little Lisbon, it’s

☆ CNBC's Inside India newsletter: A $270 billion gamble on green?
▼ + stars: | 2024-04-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +8 min

Solar panels stand at the Welspun Energy solar power plant in Neemuch, Madhya Pradesh, India. One sector in particular — electrical power transmission — will see $270 billion in financial benefits, according to Goldman Sachs. While utilities like the Power Grid Corporation of India may be perceived as unsexy, compared to growth stocks like Tesla, India plans to promote renewable energy without the taxpayer spending a single rupee. The country has added about 70 gigawatts of solar power capacity over the past decade without piling on further costs by simply maximizing the grid's usage. Currently, state governments in India levy surcharges and taxes on every unit of carbon-intensive energy transmitted through the grid.

Persons: Vivek Prakash, Elon Musk, Narendra Modi, Goldman Sachs, It's, Vinay Dwivedi, India Anna Dravida, Vinay, Modi, Mohamed Muizzu's, Jamie Dimon, Modi's Organizations: Bloomberg, Getty, U.S, Power Grid Corporation of India, Goldman, Companies, Reliance Industries, Adani Enterprises, Tamil Nadu —, Dravida Munnetra Kazhagam, India Anna Dravida Munnetra Kazhagam, CNBC, Modi's Bharatiya Janata Party, Vodafone Idea, Vodafone, West, Economic, of New, JPMorgan, CNBC Pro, we'll Locations: Neemuch, Madhya Pradesh, India, Tamil Nadu, Dravida, New Delhi, Maldives, China, Beijing, West Indies, Pakistan, U.S, of New York

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