AirPod competitors are pouring into the wireless earbud industry, challenging Apple’s seat on the throne. We tried out cheaper AirPod dupes to see how they stack up against the real thing.
-
We blind-tested AirPod dupes. Here are the ones we liked
Read the original article on Business Insider -
Why it can cost millions to win America’s biggest horse race
The Kentucky Derby is the biggest horse race in America, and preparing for it takes millions of dollars and thousands of people. We went to Churchill Downs days before the big race to see what it takes to train the winning horse and prepare the century-old track for 400,000 fans.
Read the original article on Business Insider -
Ukraine’s Azov Brigade, a unit with a controversial past, can now use American weapons to fight the Russians
New volunteers of self-defence battalion "Azov" take an oath of allegiance to the country during a ceremony before leaving for regions of eastern Ukraine in Kiev, June 23, 2014. Valentyn Ogirenko/REUTERS
- The US lifted a ban on Azov Brigade, allowing it to receive American weapon shipments.
- The Azov Brigade, part of Ukraine's National Guard, has faced scrutiny for its past far-right ties.
- The State Department found no evidence of human rights violations after vetting the brigade.
The US State Department announced Monday that it has lifted a ban on the Azov Brigade, a former Ukrainian militia group with an ultranationalist history, allowing the current National Guard unit to receive American weapon shipments and training.
A State Department spokesperson told BBC on Tuesday that following a vetting of the brigade, there was "no evidence of gross violations of human rights."
The group was established in 2014 as the Azov Battalion by a figure linked to far-right hate groups in Ukraine. The unit's members' alleged far-right ties led the US to bar the group from receiving assistance.
Now known as the Azov Brigade, the unit became part of the Ukrainian National Guard in 2015. The unit sought to distance itself from its checkered past, yet it has also been banned from receiving US assistance for years, since the passing of a 2018 congressional spending bill.
The State Department has dismissed the congressional ban and said the Azov Brigade "passed Leahy vetting," referring to Leahy Law, which prevents the US from supporting foreign entities that have committed major human rights violations.
A Ukrainian soldier inside the ruined Azovstal steel plant stands under a sunlight ray in his shelter in Mariupol, Ukraine, on May 7, 2022. Dmytro Kozatski/Azov Special Forces Regiment of the Ukrainian National Guard Press Office via AP
"Understanding by our allies how important it is to help each of these units is another important step on the way of our struggle for independence," Ukrainian National Guard spokesperson Ruslan Muzychuk told The Washington Post following the State Department announcement.
The Kremlin has used the Azov Brigade as a talking point in justifying Russia's invasion of Ukraine, as President Vladimir Putin has previously stated that his objectives of the war include the "demilitarization and de-Nazification of Ukraine."
The Azov Brigade has claimed that it has evolved from its problematic past and that its leadership has changed since its inception.
In a response to the decision on Instagram, the unit wrote that "obtaining Western weapons and training from the United States will not only increase the combat ability of Azov, but most importantly, contribute to the preservation of the lives and the health of personnel."
"This is a new page in our unit's history," the brigade said, adding that "Azov is becoming even more powerful, even more professional and even more dangerous for occupiers."
The brigade is closely associated with its significant, albeit costly, defense of Mariupol in 2022 at the start of Russia's full-scale invasion of Ukraine, where it was eventually forced to surrender its fight from the Azovstal steel mill. The unit's soldiers have been celebrated as heroes and symbol of Ukrainian resistance.
Read the original article on Business Insider -
This ASX ETF has soared almost 40% in a year! Should you buy?

The Japanese share market has generated significant returns over the past year. The Betashares Japan-Currency Hedged ETF (ASX: HJPN) is an exciting investment to consider.
On the Tokyo Stock Exchange, we can find some of the leading Asian companies, including Toyota, Sony, Mitsubishi, Hitachi, Nintendo, Honda, Daikin Industries, Canon and Bridgestone.
I think there are a few good reasons to consider the HJPN ETF beyond just its past performance.
Diversification
The Japanese share market can provide exposure to under-represented sectors in the ASX share market.
Looking at the sector allocation, five industries have a weighting of more than 10% in the HJPN ETF: consumer discretionary (24.3%), industrials (23.4%), IT (17.9%), financials (10.4%), and healthcare (10.1%). Meanwhile, around half of the S&P/ASX 200 Index (ASX: XJO) is weighted to just two sectors, ASX bank shares and ASX mining shares.
Plenty of the leading Japanese businesses generate a “substantial portion” of their revenue outside of Japan, according to BetaShares, which is good underlying diversification of their earnings. A lot of the profit generated by large ASX blue-chip shares is generated within Australia (and New Zealand).
It’s currently invested in around 150 businesses, which is ample diversification in terms of holdings, in my opinion.
Improving situation for Japanese stocks
In the 12 months to 31 May 2024, the HJPN ETF delivered a net return of 37.47% and I think it could keep performing solidly. Remember, past performance is not a reliable indicator of future performance with this ASX ETF.
New rules and disclosures by the Tokyo Stock Exchange are targeting companies with “poor capital efficiency, asking them to disclose plans for how they will realise corporate value for shareholders”, according to investment outfit Alliance Trust.
Japan may be breaking from the shackles of its deflationary situation, which has affected its economy for decades. ‘Real’ wage growth â where wages rise faster than inflation â could keep deflation at bay.
Japan’s biggest union recently agreed to its first “significant” pay rise for its workers in 33 years.
Alliance noted that WTW economists believe wage growth and easing inflation could increase domestic consumption, benefiting Japanese shares, particularly domestic-focused Japanese stocks.
Reasonable fee
It’s not the cheapest ASX ETF, with an annual management fee of 0.56%. There are plenty of cheaper ASX ETFs out there, but I think it’s a fair cost for the specific Japanese allocation it can give to an Aussie’s portfolio. Active managers would typically charge at least 1% to invest in Japanese shares.
This fund also has currency hedging for the Japanese yen exposure, reducing the effect of currency fluctuations on portfolio performance.
Foolish takeaway
I think it’s a compelling ASX ETF to consider with actions that are supporting the Japanese economy and stock market. I don’t know what the short-term returns will be, but I’m optimistic about the longer term as companies better utilise their capital for growth and/or improve shareholder returns.
The post This ASX ETF has soared almost 40% in a year! Should you buy? appeared first on The Motley Fool Australia.
Should you invest $1,000 in Betashares Japan Etf – Currency Hedged right now?
Before you buy Betashares Japan Etf – Currency Hedged shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Betashares Japan Etf – Currency Hedged wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
See The 5 Stocks
*Returns as of 5 May 2024More reading
- Is it too late to buy these soaring international shares ASX ETFs?
- Unstoppable: How much higher can the DroneShield share price fly?
- Here are the top 10 ASX 200 shares today
- 2 ASX shares to buy that are at 52-week lows
- 7 ASX All Ords shares rocketing higher while the market sinks
Motley Fool contributor Tristan Harrison has positions in Alliance Trust Plc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Nintendo. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
-
The man Clarence Thomas raised ‘as a son’ arrested on drug and weapons charges
Clarence Thomas took in his grandnephew and raised him like a son. Mark Martin now faces more than 25 years on drug and weapons charges. The Thomas' guardianship is part of the scandal surrounding the Supreme Court justice's failure to disclose gifts from billionaire Harlan Crow.
Read the original article on Business Insider -
The Fed now expects just one interest rate cut this year — but there’s still time for that to change, Powell says
Federal Reserve Bank Chair Jerome Powell. Yasin Ozturk/Anadolu Agency via Getty Images; Chelsea Jia Feng/BI
- The Federal Reserve held interest rates steady in its latest decision on Wednesday.
- Its Summary of Economic Projections also penciled in just one interest rate cut for 2024.
- Still, Powell cautioned that could change and left the door open for a rate cut in September.
The odds of an interest rate cut this year just got slimmer.
On June 12, the Federal Open Market Committee announced that it would hold interest rates steady as the nation's central bank continues to work to lower inflation to its 2% target.
Notably, alongside the Federal Reserve's interest rate decision, the FOMC also released its Summary of Economic Projections — and the committee now has just one interest rate cut penciled in for 2024, with further cuts expected in 2025.
Fed Chair Jerome Powell said during the Wednesday press conference that when looking at the FOMC's projections, they should be viewed as just that: projections. There's still time for them to change based on upcoming economic data, he said, and it's "plausible" that a rate cut could happen as soon as September.
"We want to gain further confidence. Certainly, more good inflation readings will help with that," Powell said.
"It's going to be the totality of the data, what's happening in the labor market, what's happening with the balance of risks, what's happening with the forecast, what's happening with growth," he added. "You look at all of that, and you ask, 'Are we confident? Have we reached an appropriate level of confidence that inflation is moving down sustainably to 2%, or alternatively, do we see really unexpected signs of weakness in the labor market?'"
The Consumer Price Index, which measures inflation, rose 3.3% year over year in May, a slight decrease from April's 3.4% reading, showing the economy is headed in the right direction. While Powell said the latest reading is a positive sign, it's not sufficient to allow the Fed to loosen its restrictive monetary policy.
However, some Democratic lawmakers have urged Powell to cut rates sooner rather than later, given the financial strains Americans continue to face under high inflation. Powell acknowledged those pains but reiterated that it's most important for the Fed to hold off on cutting until it gets more data rather than cutting too soon and having to raise rates again at a later date.
"In the meantime, it's going to be painful for people, but the ultimate pain would be a long period of high inflation," Powell said. "It is people who have lower incomes, people at the margins of the economy who have the worst experience, who experience the most pain from inflation. So you know, it's for those people, for all Americans, but particularly for those people, that we're doing everything we can to bring inflation back down under control."
Read the original article on Business Insider -
I bought my last Starbucks drink 4 years ago. I pay more for coffee now, but the benefits are worth it.
The offers and details on this page may have updated or changed since the time of publication. See our article on Business Insider for current information.
I haven't had Starbucks in years. Rachel Chang
- Without realizing it, I became addicted to visiting Starbucks around the world.
- In 2020, I abruptly stopped, challenging myself to explore more local options.
- Constantly searching for new coffee shops has taught me how to better trust my instincts.
When I first started drinking coffee, I was intimidated by every café that had its own long menu with unique drink names and too many ways to personalize a drink.
Soon, I found comfort in Starbucks: No matter where in the world I was, I could order the exact same thing and know what to expect.
As a travel journalist, I began searching for the familiar logo everywhere, from Bali and Morocco to Barcelona and Buenos Aires. It wasn't hard — Starbucks is the largest coffee chain in the world, on track to have 55,000 stores by 2030.
But about four and a half years ago, I was on my way to claim my free Starbucks birthday drink when a lightbulb went off in my head.
I was in San Francisco, and as I passed one adorable little coffee shop after another, I wondered why I was overlooking so many small businesses so I could get coffee from a megacorporation that netted $36 billion in the 2023 fiscal year.
That day, I sipped my last drop of frozen coffee through a green straw (OK, technically a sippy top since the chain had stopped offering plastic straws by then) and quit Starbucks.
It was a challenging transition that meant spending more money on coffee
Smiles written on a Starbucks cup don't bring me as much joy as a meaningful interaction with a local barista does. Rachel Chang
Though I live a block from a Starbucks, I started forcing myself to walk past it in search of local options.
My self-imposed ban began in 2020 during the peak days of the coronavirus pandemic, so I quickly realized the spending power I had with my daily coffee.
Many independent coffee shops closed during or shortly after the height of the pandemic. Even now, smaller cafés depend on every customer's support.
Starbucks doesn't need my money as much, even though it had actually been cheaper for me. At the time, I'd been spending $3 to $5 for my Starbucks drinks. At local shops, my drinks were closer to $4 to $7.
After happily paying extra for milk substitutes and gratuity at small businesses, the cost of my typical coffee order eventually started inching closer to double digits. Still, I felt better knowing the dollars were going back to my community.
I also turned grabbing coffee into an adventure
Giving up Starbucks also meant I'd have to break some old habits.
Instead of rotely going to the closest Starbucks, I began to pull up Google Maps to search for a new coffee shop every time. In the beginning, I often landed at mediocre cafés.
But as I started traveling again, I realized what felt like a chore at home started to feel like a delight when I was abroad. After all, traveling is all about discovering new finds.
Every coffee shop has its own menu, system, and style. Instead of being an old pro in a familiar place, I became the constant newbie in a strange setting, asking for WiFi passwords and bathroom keys.
Eventually, trying new spots became a mini daily adventure stirred up into my coffee break.
Now I'm more than 4 years Starbucks-free — and won't go back
I spend more money on coffee now, but I don't mind. Rachel Chang
The bottom line is that my coffee budget has gone up — I recently paid $12.69 for a vanilla oat latte at a local shop, about $5 more than it would've cost at Starbucks — but now I see more than a cup of joe.
I see coffee time as an experience, a moment to connect with a slice of a community that I wouldn't normally have been immersed in.
Plus, at local coffee shops, I'm one of few customers instead of one of many in a long line. I'm more likely to get doted on with top-notch service instead of just feeling like a name on a cup.
Sometimes, I still end up at coffee chains — but my self-imposed ban means I'll opt for smaller ones like Blank Street or Gregory's Coffee instead of mega-global franchises.
I still feel like a bit of a jerk when I have business meetings scheduled at a Starbucks and ask to go somewhere else. But it's a pretty good conversation starter, and I've even had colleagues tell me they're also steering away from the chain.
I don't have a personal vendetta against Starbucks. It's just that by quitting, my coffee world has opened up beyond the limitations of one company — and forever hunting for a new coffee shop has become my ultimate pick-me-up.
Read the original article on Business Insider -
Elon Musk and Sam Altman founded OpenAI together, but now trade barbs. Here’s the history of their working relationship and feud.
OpenAI CEO Sam Altman and Elon Musk Getty
- Elon Musk helped found OpenAI, but he has frequently criticized it in recent years.
- Though he recently sued OpenAI and CEO Sam Altman, he has since dropped the lawsuit.
- Here's a history of Musk and Altman's working relationship.
Elon Musk and Sam Altman lead rival AI firms and now take public jabs at each other — but it wasn't always like this.
Years ago, the two cofounded OpenAI, which Altman now leads. Musk departed OpenAI, which created ChatGPT, in 2018 and recently announced his own AI venture, xAI.
Their was enough bad blood that Musk even sued OpenAI and Altman, accusing them in the suit betraying the firm's founding principles, before dropping the lawsuit.
Here's a look at Musk and Altman's complicated relationship over the years:
Read the original article on Business Insider -
The forces reshaping our jobs are coming faster than ever
Andrius Banelis for BI
This article is part of "Workforce Innovation," a series exploring the trends and leaders shaping enterprise transformation.
Work doesn't work like it used to.
Remote and hybrid work setups are standard — and likely here to stay. Generative artificial intelligence is making its way into many offices, bringing opportunities but also concerns that, as these bots get better, demand for workers might drop.
In the C-suite, the rise of roles like chief digital officer and chief data officer reflects the need for diverse skills, from digital transformation to employee wellness and sustainability.
Meanwhile, many employers are paying more attention to how employees are feeling. Some leaders are openly discussing mental-health challenges and ways to manage stress and fight burnout.
And despite political pushback against diversity, equity, and inclusion initiatives, many young people entering the workforce say they care about DEI.
Business Insider's "Workforce Innovation" series will explore how our jobs are changing by digging into four themes: AI, the changing C-suite, worker well-being, and DEI.
As part of the series, we're also convening a Workforce Innovation Board, which will be announced in August. The board will be composed of C-suite leaders from HR, strategy, technology, and DEI. The Board will convene regularly to share insights on the forces driving innovation where we work.
Artificial intelligence will be a job killer. AI will become your digital assistant. AI will take over everything. The variety of predictions about what AI will mean for the workplace — and beyond — is wide. And while it's too early to say with certainty how the technology will remake our 9-to-5s, many experts say there will be big changes.
AI could help train workers. And it could help weaker performers get better at their jobs. It could help boost overall productivity. As a result, companies are fighting for workers who can develop AI models.
Daron Acemoglu, an institute professor in the economics department at the Massachusetts Institute of Technology, told BI he agreed with the notion that AI could represent one of the biggest changes since the rise of the internet. Yet he said it's unclear how reliable the technology would be at doing parts of — or all of — people's jobs.
Daron Acemoglu, an institute professor in the economics department at the Massachusetts Institute of Technology. Cody O'Loughlin
Acemoglu said that some employers rushing to swap people for bots might realize that some AI tools lack the versatility of humans.
"These models have very limited capabilities," he said. "So if you adopt them too quickly and without enough thought, you might actually not get anything like the productivity boosts that you were expecting."
Acemoglu said it's likely some workers — particularly at the high end of the pay scale — would have AI assistants to help them get more done. For others, especially office workers earning middle-class or lower-middle-class incomes, it's unknown how AI might help or hurt.
"Whether that person is ever going to have any type of help from AI or whether it's going to be his replacement being trained by AI, we'll have to see," he said.
The C-suite is getting more crowded, and jobs like chief growth officer and chief AI officer are becoming more common.
The rapid evolution of technology requires corporate leaders to elevate more players to the C-suite to help manage it all, according to Ty Wiggins, the global lead of the CEO- and executive-transitions practice at the recruiting firm Russell Reynolds Associates.
Increasing amounts of data and the emergence of AI, Wiggins told BI, require companies to have roles beyond chief information officer or chief technology officer. It wasn't long ago, he said, that tech functions might have simply fallen under a chief operating officer or a chief financial officer.
Ty Wiggins, global lead of the CEO- and executive-transitions practice at Russell Reynolds Associates. Georgie Clarke
Corporate chiefs now need to have closer connections to different aspects of the business — especially emerging ones like AI, Wiggins said.
"If that function is not reporting directly into you, you are two steps away from something that's moving so quickly that has a significant impact on the organization and your performance as CEO," he said.
Wiggins, the author of "The New CEO," said the C-suite continues to shift away from a place focused on reporting about various aspects of a company to becoming the "top team" tasked with helping the CEO solve the biggest problems facing an organization.
"The C-suite is no longer just a reporting body," he said. It's not enough for CFOs to pump out financial reports or the head of human resources to lobby for increased hiring, Wiggins said.
"There is an enormous pressure now on C-suite executives to really move from being a technical expert to a technical leader of other experts and to join the C-suite in a way that means that they can contribute to the other functions," he added.
The well-being of workers has drawn greater attention since the pandemic. Many employees report feeling stressed out. And various mental-health challenges are hitting workers — and businesses, as a result. Depression and anxiety alone sap the global economy of an estimated 12 billion productive workdays each year, the World Health Organization says, adding that the annual cost of that reduced output totals almost $1 trillion.
Carly Holm, the founder and CEO of Humani HR, a consulting firm, told BI that challenges around workers' mental health are bigger than ever. Yet, as the problems grow, more companies are looking at narrower interventions over a one-size-fits-all program, like offering counseling services that not everyone will want to use.
"A gym membership may be great for some people, but other people may not be interested in going to a gym," she said.
Carly Holm, the founder and CEO of Humani HR. Leah Smith
A better approach, Holm said, is talking to employees about their needs. Often, this involves something that's not expensive or even difficult to implement, such as flexible work schedules. Or it could involve offering wellness days in addition to vacation days.
Business leaders often consider extra days off a major expense, she added. But that extra time away, Holm said, is correlated with improved productivity and business performance.
"Having that flexible workplace so that people can kind of merge life and work, I think, really goes a long way," she said.
Employers also can adjust policies that might not be working, Holm said. Unlimited paid time off sounds great, but if workers don't use it, they lose the chance to recover. Instead, she said, setting a minimum PTO might be a better approach. Some employers, Holm said, are telling workers they need to take a week or two in a row — and not just a day or two here and there.
"They see the value and getting their employees to unplug," she said.
"The data is clear: When your employees are healthy, when they are happy, they're going to work better," Holm said.
DEI feels like a buzzword gone bad. Companies that a few years ago were happy to talk about their efforts to make their workplaces more equitable are now far less likely to mention DEI in quarterly earnings calls. Some companies have also been cutting DEI jobs.
It's a notable about-face. DEI initiatives rose toward the top of many corporate to-do lists after George Floyd's murder in 2020 and the racial reckoning that followed. Between 2020 and 2021, the role of chief diversity officer was the fastest-growing title in the C-suite. But by 2022, hiring started to slip for such jobs, according to LinkedIn data. In the years since, DEI has become a political wedge.
"There's a clear backlash right now," Regina Lawless, the former head of DEI at Instagram and author of "Do You," told BI.
Regina Lawless, the former head of DEI at Instagram and author of "Do You." Charles Schoenberger
She said companies would have to choose how they want to continue to do this work. Lawless said companies were right to ask about the impact of their DEI efforts because some initial steps, like creating coursework on race, could amount to little more than papering over a problem.
"A lot of companies just went at it in a performative way," she said. "We just throw in an employee resource group and think that's going to solve the very real issues of people from different backgrounds not having equitable experiences in the workplace."
Lawless said that as Gen Z took on a larger role in the workplace — they're expected to outnumber boomers among full-time US workers in 2024 — employers would have to be more thoughtful about addressing DEI. That's what many young workers are expecting, she said.
To progress and move beyond performative measures, companies will need to look under the hoods of the systems they use to hire, develop, promote, retain, and pay workers, Lawless said. Some of these procedures are leading, even if unintentionally, to inequitable outcomes, she said. In other cases, some people in charge simply have undue power, Lawless added.
"When you give your managers too much discretion, and there aren't checks and balances, that's when bias has the opportunity to creep in," she said. Lawless added that managers needed training on inclusive leadership to get the most from diverse teams.
To move forward, Lawless said, more employers will need to dig deeper into the data and ensure that DEI teams are not the only ones tasked with promoting equitable experiences within an organization. It will have to become a shared responsibility, she said.
"The future of DEI," Lawless said, "does need to be more diffuse."
Read the original article on Business Insider -
All of Glen Powell’s movies and TV shows, ranked from worst to best
"Hit Man," "Scream Queens," and "Top Gun: Maverick" have some of Glen Powell's best roles. Netflix; Fox; Paramount
- Glen Powell's latest film, "Hit Man," is his best-reviewed project to date.
- Surprisingly, one of his biggest box-office hits, "Anyone But You," is near the bottom of the list.
- His earlier rom-com "Set It Up" and the Oscar-nominated "Hidden Figures" are some of his best movies.
No, you're not imagining it: Glen Powell is everywhere.
The actor's status has skyrocketed in the last few years, arguably starting in 2022 with his appearance in the long-awaited "Top Gun: Maverick." His supporting role in that movie — and Tom Cruise's sometimes terrifying mentorship — seemed to be what set Powell on the path to leading man.
He capitalized on that success with hits like the Sydney Sweeney rom-com "Anyone But You" and more recently, the Netflix comedy "Hit Man," his third collaboration with director Richard Linklater.
The latter is getting glowing reviews, but Powell has been around for years and has more than a handful of credits to his name. Here's a rundown of every Glen Powell movie and TV show ranked from worst to best, according to critics.
Note: For the purposes of this list, we're only including projects with a Rotten Tomatoes critic score. The list only includes movies and shows in which Powell has an on-screen role as a named character.
Read the original article on Business Insider