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Arm reported a 47% year-over-year increase in fourth-quarter revenue driven by strong licensing business and AI chip demand. The British chip designer's 2025 revenue guidance missed analyst expectations. Arm's licensing business boosted its performance with 60% growth, primarily due to multiple high-value license agreements for AI chips. Analysts say licensing strength is a key indicator for future royalties and revenue growth. Shares fell less than 9% in premarket trading.
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Minneapolis Federal Reserve President Neel Kashkari said interest rates may need to remain elevated through 2024 for the Fed to see that inflation is firmly declining. Kashkari wants to see multiple reports of progress on reducing inflation before supporting rate cuts, noting he would need positive inflation readings and weaker job growth data showing disinflation is on track. He said the bar for rate cuts is \
⏲ 0:46 👁 2.2M
As corporate America evolves to meet the changing needs of the modern workforce, employee education benefits have emerged as a critical element in attracting and retaining top talent. Alongside traditional benefits such as health care and retirement plans, education benefits are increasingly recognized as essential for addressing the priorities of both candidates and current employees. One reason for this is simple - college can be expensive. According to a recent study although 75% of Americans recognize the value of obtaining a bachelor's degree, over half (56%) of individuals who have never enrolled or were previously enrolled cite cost as a significant deterrent to pursuing or reenrolling in postsecondary education. The goal of corporate education benefits is to provide employees with various avenues for professional growth and development while alleviating the financial burden associated with higher education. For employers, offering education benefits also has its benefits, as companies that offer education programs to their employees also stand to gain on several fronts: Retention and Talent Advancement: Investing in employee education fosters loyalty, engagement and encourages career advancement, leading to higher education rates. Reduced Acquisition Costs: By nurturing existing talent, businesses can reduce the need for frequent recruitment and onboarding, thereby cutting down on acquisition costs. Attraction of Top Talent: Competitive education benefits can serve as a powerful recruitment tool, attracting high-caliber candidates who prioritize continuous learning and personal development. A Leading Example: Starbucks College Achievement Plan (SCAP). Starbucks was among the first to offer tuition assistance in 2014 with the Starbucks College Achievement Plan (SCAP), a first of its kind partnership with Arizona State University (ASU). This program creates an opportunity for all eligible U.S. partners (employees) to earn their first-time bachelor's degree through ASU's top-ranked online degree program. Ten years later, Starbucks has celebrated its largest class of SCAP graduates, marking a decade of transformative impact through a pioneering tuition assistance initiative. How does it work? Upfront tuition coverage for online degrees with no strings attached: Unlike many programs that cap tuition benefits, SCAP offers full tuition coverage, all upfront. And there is no commitment to stay with the company after graduation. High-quality education: Partners enrolled in SCAP benefit from ASU's top-ranked online degree program with over 150 undergraduate degree programs to choose from ensuring access to the same caliber of education as on-campus students. Pathway to Admission: Starbucks and ASU provide an admissions pathway for partners who do not initially qualify for enrollment. Through Pathway to Admission, eligible partners can take up to 10 college-level courses to earn their admission into the university, with credit conversion costs fully covered. To date, the SCAP program has helped more than 13,000 partners earn their degree. And, according to data from The Burning Glass Institute, approximately 75% of SCAP participants have experienced significant career growth post-graduation. But to Starbucks, SCAP represents just one facet of the diverse landscape of education benefits available to employees. In 2022, the company also rolled out a student loan management tool as part of a financial well-being push. Through Tuition.io, employees have access to tools, resources and individual coaching to manage student loan debt, such as repayment options and loan refinancing. Success stories like Starbucks and others serve as compelling evidence of the tangible benefits of investing in employee education. Beyond immediate career advancement, these initiatives lay the groundwork for sustained growth, both for individuals and the companies that support them. For more information on the Starbucks SCAP program, go to https://www.starbucks.com/careers/working-at-starbucks/education/.
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The global gasoline demand growth is projected to halve by 2024 due to the surge in electric vehicles (EVs) in China and the United States. This shift is anticipated to put a squeeze on second-half refinery margins.
⏲ 0:55 👁 1M
Join here: https://bit.ly/3UVy17h<br/><br/>The SocialGood App is a mobile application that rewards users with the cryptocurrency SocialGood (SG) for their shopping activities. When users shop at partner stores like eBay, Walmart, and BestBuy through the app, they earn SG as cashback. The SG token can then be exchanged for other cryptocurrencies like Bitcoin (BTC) and USDT.<br/><br/>The app aims to promote social good by increasing the value of SG tokens through user shopping activities. It’s part of a broader movement that integrates commerce with cryptocurrency to incentivize positive consumer behavior. The SocialGood App has gained popularity due to its unique approach to combining shopping rewards with the potential growth of cryptocurrency.<br/><br/>As of the latest information, the live price of SocialGood (SG) is around $0.02653 USD, with a 24-hour trading volume of $981.34 USD2. The SG token is listed on major crypto exchanges, making it accessible for users to trade1. The app has over 2 million users and is growing, as it offers a minimum of 200% crypto rewards as cashback every time you shop, which is quite an attractive offer for those who are into both shopping and cryptocurrency.<br/><br/>Join here: https://bit.ly/3UVy17h
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Rishi Sunak has said that \
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Google employees questioned leadership about cost cuts, layoffs, and declining morale at an all-hands meeting after Q1 earnings beat estimates. CEO Sundar Pichai said most layoffs will be completed in the first half of 2024, with a much smaller scale in the second half. CFO Ruth Porat said expenses grew faster than revenue, which isn't sustainable, and the focus is investing in growth areas. Porat defended share buybacks and dividends, saying cash can't just be drained and the board has fiduciary duties.
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Global brewers are expected to see higher beer sales volumes this year after several quarters of declines, supported by factors like sports events and moderating inflation. Heineken and Carlsberg have already reported first quarter volume growth after over a year of declines, signaling a turnaround. AB InBev's sales have been hit by a boycott but this impact is easing, and analysts expect a return to volume growth in the second quarter. Major sports events like the Olympics and Euro Cup will drive beer sales, as will more normal weather patterns than last year.
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Benjamin Franklin: hater of eagles, champion of turkeys, and father of founding things. That includes a son born out of wedlock, whose story is a sad historic footnote.
⏲ 2:44 👁 1.4M
Palantir's stock has risen significantly in the past year, but its first-quarter earnings did not meet investors' expectations, causing a 15% drop in stock price. However, analyst Daniel Ives sees this as a good opportunity to invest in Palantir's AI platform, which is performing well. With a growing client base and shorter sales cycles, Palantir is expected to continue its growth trajectory. Ives has given the company an Outperform rating and a $35 price target, while other colleagues have a more cautious outlook.
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John Swinney acceptance speech<br/><br/>What are the key challenges facing John Swinney as First Minister and SNP leader?<br/>Mr Swinney was confirmed as the new leader of the SNP on Monday<br/><br/>John Swinney will not have his troubles to seek. The new SNP leader, who will become Scotland’s seventh first minister this week, inherits a number of problems both in his party and in the country at large. He will be all too aware of the difficulties ahead.<br/><br/>His predecessor, Humza Yousaf, never really managed to get on the front foot. Within days of him taking office last year, the police investigation into the SNP’s funding and finances exploded into the headlines. It has haunted the party ever since.<br/><br/>Mr Swinney will seek to heal internal divisions and boost his party’s fortunes in the polls ahead of an expected general election later this year. He has also emphasised the importance of economic growth. So what are the key challenges he faces?<br/><br/>A clear vision<br/>Mr Swinney will want to set out a clear strategic direction for his party. This is something his predecessor arguably struggled to do. Mr Yousaf hiked income tax for higher earners at the same time as freezing council tax, which some saw as sending a muddled message.<br/><br/>“Is this a guy who has demonstrated clear strategic direction?\
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European companies operating in China face increasing pressure as China's economic growth slows down and overcapacity issues rise. Profits margins for European firms in China are at an 8-year low, with only 30% reporting higher profits than their global average. The slowing real estate sector and geopolitical tensions have contributed to China's economic downturn. Overcapacity is a major issue, especially in industries like construction, automotive, and engineering. It has led to price drops. Getting paid on time by Chinese clients is also a growing challenge as it became more difficult to enforce contracts versus the prior year.
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