Author: arthursheikin@gmail.com

[ad_1] JPMorgan Chase is doubling down on plans to woo wealthier clients by opening 14 new financial centers.The New York-headquartered global bank previously ran two similar centers in the United States — one in New York City and one in San Francisco.The new locations will be opened in four states: California, Florida, Massachusetts, and New York. Offices will include a location in Palm Beach, Florida, and one on Manhattan’s Madison Avenue.These office-based branches were first acquired when JPMorgan took over commercial bank and wealth management services provider First Republic in 2023.The move is part of the financial services firm’s mission…

[ad_1] Owning Booz Allen Hamilton at current levels no longer makes sense, according to Goldman Sachs. The bank downgraded shares of the defense contractor to sell from neutral. Analyst Noah Poponak also cut his 12-month price target to $94 from $108, signaling 14% downside. Shares of Booz Allen Hamilton have already stumbled 15% this year, but Goldman thinks there’s more pain ahead for investors in the name. BAH YTD mountain BAH YTD chart “We see limited revenue and earnings growth over the medium-term, while valuation still has downside risk,” Poponak wrote. “We see medium-term revenue growth now closer to flat…

[ad_1] London CNN  —  The United Nations expects that millions of potential jobs will vanish this year because of an economic slowdown triggered by US President Donald Trump’s trade war. The International Labour Organization (ILO), a UN agency, predicts in a report released Wednesday that 53 million jobs will be created worldwide in 2025 — 7 million fewer than previously thought — owing to a shakier economic outlook caused by trade disruptions and geopolitical tensions. The agency based its analysis on the International Monetary Fund’s downgraded expectations for the global economy. In April, the IMF said global GDP would rise…

[ad_1] Teva is positioning itself well for sharp gains in the near future after a decline this year, according to Truist Securities. The firm initiated shares of the generic drug maker with a buy rating. Analyst Les Sulewski set a price target of $25 per share, indicating upside of 41%. Shares of Teva have struggled this year, losing around 20%. However, Sulewski thinks that pullback created a buying opportunity for investors. “We think the company is well positioned to rival big pharma with its long-term durable growth strategy. With stock trading 25% off recent highs, we urge investors to accumulate,”…

[ad_1] New York CNN  —  Google and Apple will soon be required to verify app store users’ ages in Texas, after Gov. Greg Abbott signed the rule into law on Tuesday. The Texas App Store Accountability Act follows similar legislation that passed in Utah earlier this year, although it requires the app stores to collect even more user data. Enforcement of the Texas law is set to begin at the start of next year — giving app stores several months to determine how they will collect this information. The bill was passed with super-majority approval by the Texas House and…

[ad_1] Much résumé advice and job interview prep centers on highlighting your tangibles — your hard skills, your certifications, your project outcomes, your deliverables. Just about anything you can stick a number or percentage on.While focusing on more concrete skills, soft skills can get left out of the conversation. But they shouldn’t be, said Irmgard Naudin ten Cate, EY’s global talent attraction and acquisition leader.Soft skills can be particularly useful for new graduates and young professionals who are starting their careers and working toward technical mastery in their fields. Wherever you are in your career, anyone who’s ever worked with…

[ad_1] This as-told-to essay is based on a conversation with Alyson Austin, a 56-year-old public relations professional from Wells, Maine. It has been edited for length and clarity.I was born in Maine but spent 18 years living and working in California as a corporate public relations employee.I bought a condo in Irvine, California, in 2007, but the mortgage payments exceeded my financial means. My mortgage was around $5,000 a month, and my high-rise building had an almost $1,000 monthly HOA fee.I sold the house in 2015 and started renting again. It was a devastating but necessary financial choice.The only way…

[ad_1] Artificial intelligence is a bit like constructing office buildings.For months or years, the ground has a big hole, and it looks like nothing’s happening. Then, suddenly, the steel framework goes up, followed by the walls and windows. The bit we all see often takes a lot less time. The foundation work below ground takes ages, and without that, the building won’t stand.In AI, crucial building blocks take years, or even decades, to emerge. Many of these are not visible to end users, but without this technical foundation, AI products don’t work.Google has almost all of these building blocks. Microsoft,…

[ad_1] Venture firms are normally in the business of backing high-flying tech startups, so many in the industry were scratching their heads when General Catalyst bought a chain of hospitals.The San Francisco-based firm spun out a separate healthcare unit, dubbed the Health Assurance Transformation Company or HATCo, in 2023 to buy Akron, Ohio-based Summa Health the following year. GC committed about $1 billion over seven years for the acquisition from the firm’s balance sheet, outside its typical fund structure.The deal was perplexing. Healthcare rarely delivers the kinds of sky-high returns that define venture success; even within GC’s own $36 billion…

[ad_1] One really important — and often overlooked — thing about coming up with a new product idea is finding a way to make it.That’s what Cirkul co-founders Garrett Waggoner and Andy Gay discovered when they came up with a concept for a water-enhancing flavor cartridge system back in 2015.”The Cirkul cartridge was such a novel form factor, and no one had ever done anything like it before,” Waggoner told Business Insider.Making the product overseas wasn’t even an option, since there weren’t any contract manufacturers who could do the job.”We just had to start doing it ourselves,” he said.Waggoner and…