Author: arthursheikin@gmail.com
Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. This week, BI’s Polly Thompson took an inside look at how artificial intelligence is set to upend a pillar of the white-collar world: the Big Four.On the agenda today:But first: Tesla’s robotaxis are taking the wheel.If this was forwarded to you, sign up here. Download Business Insider’s app here.This week’s dispatch Robin Marchant/Getty, Sean Gallup/Getty, Tyler Le/BI Tesla’s big betI remain in awe of self-driving cars.I took my first Waymo earlier this year in San Francisco. Like any newbie,…
Spending on artificial intelligence helped give some Chinese tech companies a boost in the first quarter, despite economic headwinds. “The standout for this [first quarter] reporting season was the growth in cloud business for Alibaba and Baidu ,” said Brian Tycangco, an analyst at Stansberry Research. Alibaba said earlier this month its cloud revenue in the latest quarter rose by 18% year on year , while Baidu on Wednesday said its AI cloud business grew by 42% . “At these rates of growth, cloud business is poised to become the 2nd largest business segment for both companies,” Tycangco said. “More…
Nuclear power is poised to grow significantly as investment picks up around the world after a long period of stagnation, according to Goldman Sachs. The nuclear industry suffered from years underinvestment in the wake of the Fukushima nuclear accident in Japan in 2011. But the sector is now at an inflection point as governments around the world agree that nuclear will play a key role in the transition to energy that emits less carbon, according to Goldman. Global investment in nuclear power has increased rapidly over the past four years, with a compound growth rate of 14% compared to about…
We’re adding an auto-parts stock with a history of resiliency and a current business that could benefit from tariffs to our All-Weather stock list . The goal of the All-Weather list is to use our CNBC Pro resources — top Wall Street analyst research, stock screening tools of the Pros — to identify stocks that can thrive in any type of market or economy. We launched the list in February as we grew more concerned about the bull market. President Donald Trump reignited market turmoil on Friday and gave investors reason again to seek out these types of durable investments.…
This as-told-to essay is based on a conversation with Mike Nay, a claw machine expert and plush reseller. It has been edited for length and clarity.What started as a pandemic hobby — messing around with a couple of claw machines I bought online — turned into a side hustle that’s earned me over $40,000 in sales, so far.I source exclusive plush toys from arcade claw machines and resell them online through platforms like Mercari, eBay, and Poshmark.I sell between three and five plush dolls per day, averaging $20 per sale. However, I’ve sold more exclusive, collectible plushies for as much…
Navigating your professional relationships with your coworkers can be complicated.Did you accidentally say the wrong thing? Overstep a boundary?The good news is that some of the easiest things you can do to build and sustain solid relationships at work are pretty intuitive, according to Daniel Post Senning and Lizzie Post, etiquette experts with the Emily Post Institute.”It’s remarkable how durable the advice is when you get down to what our expectations are of each other on a very human level,” Post Senning told Business Insider.Their book, “Emily Post’s Business Etiquette,” went on sale May 20. It includes a list of…
Before building her multimillion-dollar business, Daniella Pierson said she was “the poster child” for “do not invest in.”Now, she aims to help other “uninvestable” women secure financing for their ideas with her new organization, CHASM, where she wants to help close the gender gap in VC funding.”I had zero investment, not because I didn’t want it. I wanted it very badly,” Pierson told Business Insider. “I went to dozens of VCs, and I was rejected, rejected, rejected, laughed out of every room.”One “household name” told Pierson she spoke too much and too quickly, and didn’t know what she was talking…
Stay informed with free updatesSimply sign up to the Pensions industry myFT Digest — delivered directly to your inbox.Canada’s second-largest pension fund plans to invest more than £8bn in the UK over the next five years, in a boost to chancellor Rachel Reeves as she seeks external investment to fund big infrastructure projects. Caisse de dépôt et placement du Québec, which manages C$473bn (£254bn) on behalf of 6mn pension savers, planned to increase its allocation to UK assets by 50 per cent over the next five years, the fund’s chief executive Charles Emond told the Financial Times in an interview. “We’d…
New York CNN — McDonald’s is pulling the plug on its CosMc’s spinoff just two years after the alien-themed spinoff took off. The chain announced Friday that it’s closing all five locations next month. CosMc’s, named after a little-known alien McDonald’s character, opened in 2023 in response to fast-growing specialty coffee and beverage chains like Dutch Bros., Scooter’s and Swig that have become popular with Gen Z consumers. CosMc’s menu consisted of sweet drinks and light snacks, with the company hoping customers would visit during their afternoon slump. A spinoff was launched because executives thought the customizable drinks would be…
CNN — President Donald Trump’s sweeping tariffs have given many Americans whiplash. The list of companies announcing price changes as a result is equally daunting. Among the levies Trump has imposed is a 10% baseline tariff for most imports and a 30% tariff on most Chinese goods. Some goods, such as steel and aluminum, face higher rates. Many retailers have issued warnings that they won’t, as Trump has suggested, “eat” the additional costs caused by those import taxes. That means anything from groceries and clothing to toys and cars could cost Americans more. Walmart is one of the latest major…