• Trump’s Mar-a-Lago document trial has been delayed again. He now has a chance to dodge it entirely.

    donald trump mar a lago
    Former President Donald Trump speaking to supporters at his Mar-a-Lago club.

    • Donald Trump's Mar-a-Lago documents trial has been delayed indefinitely.
    • It's now extremely unlike that it would take place before the 2024 election.
    • The scheduling may allow Trump to get rid of the case if he's elected president.

    The judge overseeing Donald Trump's criminal case over his holding onto secret government documents following his presidency delayed the trial indefinitely — giving him the chance to get rid of the charges if he wins the 2024 election.

    In an order Tuesday afternoon, US District Judge Aileen Cannon scheduled more than a dozen more hearings and deadlines for lawyers through July. The trial, she said, couldn't happen until she decided "myriad and interconnected pre-trial and CIPA issues remaining," referring to laws related to handling classified information.

    Cannon — who Trump nominated for the judgeship while he was in the White House — had previously scheduled jury selection to commence on May 20, but it had long been clear the trial would not be ready to take place by then.

    For months, lawyers for Trump and his two co-defendants — Mar-a-Lago property manager Carlos de Oliveira and aide Waltine Nauta — had been sparring with federal prosecutors over how to share discovery information, which includes classified documents.

    Justice Department Special Prosecutor Jack Smith, in an indictment last June, accused Trump of violating a slew of criminal national security and obstruction laws by spiriting away sensitive government documents from the White House to Mar-a-Lago and other personal properties, holding on to them after his presidency, and lying about it to authorities.

    The co-defendants, de Oliveira and Nauta, each helped Trump hide the documents and mislead investigators, prosecutors alleged. (A PAC controlled by Trump is paying lawyers representing de Oliveira and Nauta with political donor funds.)

    Trump's busy trial schedule is playing out in the thick of the 2024 election

    It's one of four ongoing criminal cases against Trump, the frontrunner for the Republican presidential nomination in the 2024 election and the only former president to be charged with any crime.

    Trump is currently about halfway through his first criminal trial, in Manhattan, where prosecutors accused Trump of illegally falsifying business records when he covered up hush money payments to Stormy Daniels, who says she had an affair with him, ahead of the 2016 presidential election.

    Unlike in civil cases — Trump recently went through two — criminal cases generally require that the defendant be present during the entire trial, making scheduling a complicated task.

    Trump may also have the power, if he were to be reelected president, to dispose of the cases brought by the Justice Department.

    Another criminal case overseen by Smith, in a federal court in Washington, DC, was previously scheduled for March 4. In that case, Smith alleged Trump broke criminal laws through his efforts to overturn the results of the 2020 election. But it has been paused as the US Supreme Court weighs whether Trump would be immune from prosecution in the case, and may not be decided in time to complete the trial process before the 2024 election.

    Trump's attorneys have also made immunity arguments in the classified documents case.

    Jack Smith.
    Justice Department Special Counsel Jack Smith.

    Fulton County District Attorney Fani Willis also brought election interference charges against Trump, for trying to overturn the results in Georgia. That case is not expected to go to trial until 2025 at the earliest.

    At a hearing in February for the New York case, Juan Merchan, the presiding judge, grew impatient with Trump's attorney, Todd Blanche, as he tried to lodge the trial from its original March 25 start date. Blanche is also the lead attorney representing Trump in the government documents case.

    "Stop interrupting me, please," Merchan said, when Blanche said the Florida case might move forward in May. "You don't have a trial date, not a real one."

    Blanche had suggested that everyone reconvene in March and then decide on a new schedule going forward. Merchan held firm, pointing out that the DC case had been indefinitely delayed, and that he expected the Manhattan trial to last six weeks — meaning it would end even if Cannon had held onto her May start date.

    "I'm sure that the trial cannot start on May 20th if this trial is ongoing May 20th and Mr. Trump is present in this courtroom on May 20th, which I don't expect," Merchan said. "I expect this trial to last about six weeks. Even so, we can't have two simultaneous criminal trials."

    Merchan later pushed back the trial to April, based on a last-minute snafu related to the production of new records from a separate criminal investigation from federal prosecutors in New York.

    On Tuesday, Stormy Daniels took the stand, testifying about sex she says she had with Trump in 2006 — and threats she said she experienced later.

    Trump filed several motions to dismiss the Florida case in February, claiming he's immune from criminal charges and that it was OK for him to hold on to the records.

    Cannon has thus far declined to dismiss the case on some of Trump's arguments, but is weighing others.

    Read the original article on Business Insider
  • 3 safe ASX dividend shares to own for the next 10 years

    Cheerful boyfriend showing mobile phone to girlfriend in dining room. They are spending leisure time together at home and planning their financial future.

    If you have a low tolerance for risk but want better yields than those offered with term deposits and savings accounts, then it could be worth checking out the ASX dividend shares in this article.

    These companies have defensive earnings, strong business models, and positive outlooks. This could make them safe options for income options to buy today. They are as follows:

    APA Group (ASX: APA)

    When looking for safe options, it is hard to look beyond utilities. In fact, many investors class them as safe haven assets and rotate funds into their shares when market volatility increases.

    But APA Group has more to offer than just that. The energy infrastructure company’s growing cashflows as allowed it to increase its dividend each year for almost 20 years.

    The good news is that analysts at Macquarie believe this strong run can continue. It is forecasting further dividend increases to 56 cents per share in FY 2024 and 57.5 cents per share in FY 2025. Based on the current APA Group share price of $8.55, this equates to 6.5% and 6.7% dividend yields, respectively.

    Macquarie also sees room for its shares to climb higher. It has an outperform rating and $9.40 price target on them.

    Coles Group Ltd (ASX: COL)

    Another ASX dividend share that boasts defensive qualities is supermarket giant Coles.

    As we saw through the pandemic, Coles is capable of growing its earnings through any part of the economic cycle. This bodes well for its dividends in the future.

    Morgans is bullish on the company and is forecasting fully franked dividends of 66 cents per share in FY 2024 and then 69 cents per share in FY 2025. Based on the current Coles share price of $16.26, this implies dividend yields of 4% and 4.25%, respectively.

    As well as a good yield, the broker highlights that “the stock is looking more attractive following the recent pullback in the share price.” It has an add rating and $18.95 price target on its shares.

    Telstra Corporation Ltd (ASX: TLS)

    A final safe ASX dividend share for income investors to look at is telco giant Telstra. As with the others, it has defensive earnings and a positive growth outlook.

    In fact, it is for exactly these reasons that Goldman Sachs is tipping Telstra as a buy. It believes “the low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business, is attractive.”

    As for dividends, the broker is forecasting fully franked dividends of 18 cents per share in FY 2024 and then 19 cents per share in FY 2025. Based on the current Telstra share price of $3.64, this equates to yields of 4.9% and 5.2%, respectively.

    Goldman has a buy rating and $4.55 price target on Telstra’s shares.

    The post 3 safe ASX dividend shares to own for the next 10 years appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 1 February 2024

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Macquarie Group. The Motley Fool Australia has positions in and has recommended Apa Group, Coles Group, Macquarie Group, and Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Why emotion is key to becoming a wealthy ASX shares investor: Experts

    emotional person clasping chest while at a computer

    Market sentiment is often discussed as a reason for broad market gains or losses in a given trading day.

    While there are many measurable financial factors that feed into sentiment, such as economic growth, there are also softer factors like human emotions, and we can’t always count on them being rational!

    In an article published on the ASX, two experts discuss how emotion plays into ASX shares investing.

    How emotion drives the market

    Karl Siegling, chief investment officer of listed investment company (LIC) Cadence Capital, says human emotions such as hope, fear, and greed can determine whether ASX shares become cheap or expensive.

    He says:

    The collective emotions of individuals, which is ‘the market’, play an extremely important role in investing.

    The sooner that investors understand how important emotion is, and how likely we are as individuals to make decisions based on emotion, the sooner they will become better investors.

    After a lifetime of investing, Siegling says it’s “a myth” that stock prices are based purely on value, saying:

    Investors are always told to ‘buy low and sell high’.

    So, we study finance or accounting at university and learn different techniques to value companies.

    There’s this myth that all we need to do is learn the correct formula to value companies and we can lead a rich, healthy and wealthy life.

    ASX shares investors need to understand that industry cycles can take years to play out. This means they could be waiting for a long time to see substantial price gains.

    In the movies, everything in the share market happens very quickly. In real life, when you buy a share, you are buying part of a company.

    Companies move much slower than people realise. When a business starts improving, that improvement can play out over many years.

    It sometimes takes years for a stock to go from being unloved to being loved.

    How emotion influences ASX shares trading decisions

    Felicity Thomas, a senior private wealth advisor at Shaw and Partners, says emotion can drive rash investment decisions.

    For example, the fear of missing out (FOMO) can prompt people to buy ASX shares that are rapidly rising instead of buying them based on fundamental analysis.

    She says:

    Emotional investing often leads to poor investment decisions, like buying shares during euphoric phases [for the market] and selling low during panic phases.

    A lot of investors want quick wins but it is important to maintain a long-term perspective.

    Despite short-term volatility, history has shown that the share market tends to grow over time.

    Thomas says patience and a disciplined approach can help ASX shares investors stick to their investment plans.

    As a young investor, Thomas only invested money she did not need for living expenses.

    She also kept some cash on the sidelines.

    There are pros and cons to keeping some cash in your investment portfolio.

    Today’s high interest rates mean cash is certainly earning better returns than in previous years. However, inflation — which erodes the buying power of cash — also remains high.

    The post Why emotion is key to becoming a wealthy ASX shares investor: Experts appeared first on The Motley Fool Australia.

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    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

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    *Returns as of 1 February 2024

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    Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

  • These 10 states are the most frustrating places to buy a house. See where homebuyers are surprised with the biggest fees.

    A view of the Los Angeles skyline from East Los Angeles.
    East Los Angeles, California.

    • Homebuyers pay for things beyond the purchase price of their properties — and those can add up.
    • Unexpected homebuying costs include loan origination fees and property taxes.
    • Home-services firm Frontdoor listed the states with the highest unexpected homebuying costs.

    Buying a house is hard enough these days.

    In the US, purchasing a home comes with additional fees and costs, which means you might have to pay more than you initially budgeted — and in some states, a lot more.

    A report by home-services company Frontdoor identified the states that shackle buyers purchasing a median-priced property with the highest unexpected costs.

    Unless you're buying in cash, mortgage payments and a down payment are routine. However, other expenses — including appraisal costs, loan origination fees, and property taxes — crop up early in the home-buying journey.

    When prices of homes alone are so high, these additional costs — which can total from about $11,000 to almost $18,000 — can further burden and frustrate homebuyers.

    Frontdoor used data from for-sale-by-owner site Houzeo to pinpoint the cost of 20 common additional charges for homebuyers in each state.

    Here are the 10 states where homebuyers spend the most on unexpected property fees.

    10. Washington
    An aerial view of lakeside houses in Seattle.
    Washington.

    Unexpected fees: $11,400.60

    Median home price: $526,633

    9. New York
    A narrow street leading to a residential building in New York City.
    New York.

    Unexpected fees: $12,303.95

    Median home price: $658,333

    8. New Jersey
    A row of Victorian houses in New Jersey.
    New Jersey.

    Unexpected fees: $12,362.75

    Median home price: $433,333

    7. Massachusetts
    Townhomes in Massachusetts.
    Massachusetts.

    Unexpected fees: $12,535.50

    Median home price: $528,333

    6. New Hampshire
    An aerial shot of houses in New Hampshire.
    New Hampshire.

    Unexpected fees: $13,480.89

    Median home price: $423,333

    5. Vermont
    Houses in Vermont with mountains in the background.
    Vermont.

    Unexpected fees: $13,719.87

    Median home price: $327,672

    4. Delaware
    Aerial shot of waterside homes in Delaware.
    Delaware.

    Unexpected fees: $13,934.88

    Median home price: $326,483

    3. Maryland
    Houses reflecting on a lake with a gray sky in Maryland.
    Maryland.

    Unexpected fees: $14,614.46

    Median home price: $358,600

    2. California
    A row of homes in California.
    California.

    Unexpected fees: $14,693.55

    Median home price: $673,333

    1. Hawaii
    An aerial view of beachside houses in Hawaii
    Hawaii.

    Unexpected fees: $17,966.04

    Median home price: $706,508

    Read the original article on Business Insider
  • Morgans names the best ASX 200 stocks to buy in May

    Three people in a corporate office pour over a tablet, ready to invest.

    Every month, analysts at Morgans pick out their best ASX stock ideas.

    These are the ASX stocks that the broker thinks offer the highest risk-adjusted returns over a 12-month timeframe. Morgans notes that they are supported by a higher-than-average level of confidence.

    Among its best ideas for May are the two ASX 200 stocks listed below. Here’s what the broker is saying about them:

    Nextdc Ltd (ASX: NXT)

    Morgans thinks that this data centre operator could be an ASX 200 stock to buy this month.

    The broker is expecting another strong result from the company in FY 2024 and then expects more of the same in the coming years thanks to structural tailwinds. The broker explains:

    NXT should deliver another good set of results in FY24 with some upside risk to guidance, in our view. Structural demand for cloud and colocation remains incredibly strong. NXT’s new S3 and M3 data centres are now open. Consequently, we expect significant new customer wins over the next six-to-twelve months (including CSP options being exercised). Sales should drive the share price higher. NXT looks comfortably on-track to generate over $300m of EBITDA in the next three to five years.

    Morgans has an add rating and $19.00 price target on the company’s shares. Based on the current NextDC share price of $17.09, this implies potential upside of 11% for investors over the next 12 months.

    Woodside Energy Group Ltd (ASX: WDS)

    Another ASX 200 stock that Morgans has on its best ideas list is energy giant Woodside.

    The broker believes that the market is undervaluing its shares at present and that this has created a buying opportunity for investors. Particularly given its high-quality earnings and healthy balance sheet. It said:

    A tier 1 upstream oil and gas operator with high-quality earnings that we see as likely to continue pursuing an opportunistic acquisition strategy. WDS’s share price has been under pressure in recent months from a combination of oil price volatility and approval issues at Scarborough, its key offshore growth project. With both of those factors now having moderated, with the pullback in oil prices moderating and work at Scarborough back underway, we see now as a good time to add to positions.

    Increasing our conviction in our call is the progress WDS is making through the current capex phase, while maintaining a healthy balance sheet and healthy dividend profile. WDS still has to address long-term issues in its fundamentals (such as declining production from key projects NWS/Pluto), but will still generate substantial high-quality earnings for years to come.

    Morgans has an add rating and $36.00 price target on the ASX 200 stock. This suggests potential upside of 29% for investors. A 5.8% dividend yield is also expected.

    The post Morgans names the best ASX 200 stocks to buy in May appeared first on The Motley Fool Australia.

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    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

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    *Returns as of 1 February 2024

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    Motley Fool contributor James Mickleboro has positions in Nextdc and Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

  • Reddit shares soar after company reports strong first-ever earnings with record user traffic

    Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange after ringing a bell setting the share price at $47 in its initial public offering on March 21, 2024 in New York City.
    Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange after ringing a bell setting the share price at $47 in its initial public offering on March 21, 2024 in New York City.

    • Reddit beat expectations for its first financial quarter as a publicly traded company.
    • Strong revenue growth and record user traffic sent the stock price up 16% in after-hours trading.
    • R&D expenses were up four times compared to last year.

    Reddit just delivered a big first quarter as a newly public company.

    The social media platform beat analyst expectations Tuesday when it reported revenue of $243 million, up 48% from the same period last year. The company also boasted a record 82.7 million daily active users, up 37% from the year before.

    "It was a strong start to the year and a milestone quarter for Reddit and our communities as we debuted as a public company," co-founder and CEO Steve Huffman said in a statement. "We see this as the beginning of a new chapter as we work towards building the next generation of Reddit."

    While still not yet profitable, the net loss of $8.19 a share was below the $8.75 a share loss that investors were bracing for.

    Meanwhile, research and development costs soared by 300% year-over-year as the company beefs up its AI-related revenue and advertising strategy.

    This story will be updated following the earnings call at 5 p.m ET.

    Read the original article on Business Insider
  • At 14 cents, has the Core Lithium share price become a bit of a joke?

    A woman sits on a step laughing at something on her mobile phone as it is being charged by a lithium-powered battery.

    Depending on who you ask, the recent movements of the Core Lithium Ltd (ASX: CXO) share price might be described either as tragic or as a joke (or perhaps even both).

    For long-term shareholders of this ASX lithium stock, there’s probably not much to laugh about, considering Core Lithium has lost a brutal 48.15% of its value over 2024 to date alone. That’s going off the current Core Lithium share price of 14 cents.

    Over the past 12 months, those losses extend to an even more savage 86.41%. The company is also down around 92% from its last all-time high of around $1.70 per share which we saw back in late 2022.

    If one doesn’t own Core Lithium shares, this dramatic drop might make the idea of investing in Core Lithium today appear to be some kind of joke.

    Indeed, imagine if one had told investors back in late 2022 when Core Lithium was going for close to $2 a pop, that the company was destined for a 14-cent share price. They would have probably thought you were joking.

    Core Lithium’s woes have stemmed from a few factors. Lithium prices have dramatically come off the boul over the last 12 months. Producers like Core have had to battle with an excess of supply in the rechargeable battery ingredient.

    Core Lithium’s flagship Finniss project was even forced to suspend production earlier this year thanks to falling prices.

    It also didn’t help sentiment when Core Lithium posted a net loss of $167.6 million for the six months to 31 December 2023. A recent quarterly update has done nothing to sway opinions to date.

    But is the current Core Lithium share price still a joke at its current levels?

    Are Core Lithium shares laughably cheap or comically expensive?

    Unfortunately for Core Lithium investors, at least one ASX expert doesn’t seem to think there’s any value to be found in this lithium stock right now.  Earlier this month, my Fool colleague looked at ASX broker Goldman Sachs’ views on Core.

    Whilst Goldman predictably didn’t call Core Lithium shares a joke, the broker still gave the company a ‘sell’ rating, along with a 12-month share price target of just 11 cents. If realised, that would see Core shares dip down to new five-year lows.

    Goldman cited valuation concerns compared to its peers as one of the reasons its analysts are bearish on Core. The brokers also suspect the company won’t be able to restart production at Finniss for at least the remainder of 2024.

    Foolish takeaway

    Whilst it might seem harsh to call Core Lithium shares a joke, this company’s experience over the past 12 months has been a textbook disastrous investment.

    But if Core Lithium can recover from its recent lows and survive until the next rebound in lithium prices (whenever that may come), perhaps the joke will be on Core’s detractors and short-sellers. We’ll have to wait and see.

    The post At 14 cents, has the Core Lithium share price become a bit of a joke? appeared first on The Motley Fool Australia.

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    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

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    Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

  • Eric Schmidt says China trails behind the US in AI for these 4 reasons

    Eric Schmidt portrait
    Since leaving Google, Eric Schmidt has invested in tech and AI firms like Anthropic.

    • Former Google CEO Eric Schmidt said the US is "way ahead of China" in AI development.
    • Schmidt cited chip shortages and more English language material to train AI models.
    • He also said China's reduced funding and focus on for-profit apps are barriers to its advancement.

    Former Google CEO Eric Schmidt thinks the US is "way ahead of China" when it comes to AI.

    "In the case of artificial intelligence, we are well ahead, two or three years probably of China, which in my world is an eternity," Schmidt said in an interview with Bloomberg on Tuesday. "I think we're in pretty good shape."

    Schmidt served as Google's CEO from 2001 until 2011 and remained its chairman until 2015. Following his departure, Schmidt has invested in various AI companies, including Anthropic. He also became the chairman of the Department of Defense's Innovation Board in 2016 and chaired the National Security Commission on Artificial Intelligence for three years.

    Schmidt said the US stands to be the clear winner in the AI race — as long as it doesn't screw up its lead. Since China is focused on dominating certain industries, the US needs to compete with them and win, he added.

    At the start of 2024, China had approved over 40 AI models in a six-month period, including 14 new Large Language Models approved for public use in a week span. Baidu, a search engine giant referred to as "China's Google," is leading the pack.

    Schmidt talked about four factors that contributed to his view that China is behind in the AI arms race.

    Chip shortages

    Schmidt said China is "struggling because of chips" and shortages.

    In a separate interview with CNBC on Tuesday, Schmidt said China has been set back by the Trump and Biden administrations restricting access to high-speed chips, particularly Nvidia chips.

    "They're certainly angry about that," Schmidt said.

    The chips serve as a crucial component in the effort to scale AI. The tech-related tensions between the US and China have resulted in a push from the government to produce semiconductors in the US. In November 2023, the US Department of Commerce implemented the Advanced Computing Chips Rule making it harder for China to import advanced AI chips from American manufacturers.

    The Biden administration most recently considered imposing sanctions on several Chinese semiconductor firms linked to Huawei in March.

    Schmidt thinks there's less Chinese material to train AI models with

    Schmidt also said in the CNBC interview that there's not as much Chinese material available to train large language models. Since English dominates the internet, research papers, and books that large language models train on, he believes English provides a larger pool of information to learn from.

    "That's why English is so strong in these large language models," Schmidt said.

    Additionally, most training data is in English, he said, which could lead to misunderstandings and misinterpretations in other languages.

    Reduced funding

    Schmidt said that China is also facing a huge reduction in foreign investment and at-risk venture capital. Meanwhile, the US has exploded in these areas, he said.

    China has been on the economic decline for the last couple of years and it continues to face deflation problems.

    In November 2023, it suffered its first investment deficit as US tensions rose and Western countries leaned away from business involvement.

    Focusing on the wrong areas

    The former Google CEO said that China is focused on building for-profit application companies which may ultimately be successful. But they're not platform-focused, he argued.

    "Three or four of the top apps in America are, in fact, of Chinese origin," Schmidt said. "But at the moment, the leadership is US."

    While apps like TikTok may be successful, some industry experts think that China is lagging behind in foundational AI models, according to a report from CNBC.

    "We should be very proud to be here," Schmidt said. "America has invented this future and this particular future, the one which is AI and quantum and the other technologies, that people are talking about. We have a shot of actually dominating the world for the next 10 or 20 years if we do it right."

    Read the original article on Business Insider
  • I was fired from a new job in less than a week after I started. It taught me not every opportunity is a good opportunity.

    Calli Nguyen wearing a red blazer in her headshot.
    Calli Nguyen planned to quit but was fired from her director role within three days of starting the job.

    • Calli Nguyen, 24, was fired from her job as a director of digital marketing after less than a week.
    • Nguyen highlights the importance of mental health and employee respect in the workplace.
    • She emphasizes Gen Z's unwillingness to settle for toxic work environments.

    This as-told-to essay is based on a conversation with Calli Nguyen, a 24-year-old social media marketer from Baton Rouge, LA, about getting fired after less than one week of work. It's been edited for length and clarity.

    Before I started as the director of digital marketing for a medical spa, I gave my boss the benefit of the doubt because I just wanted a job. What could go wrong?

    Turns out, everything.

    While I've worked many jobs, this director role was my first paid full-time position in digital marketing. I rationalized that maybe I was going through a learning curve; or that I just had the jitters. But on the third day of work, when I left my desk for a quick mental health break, I was fired on the spot. To be fair, I saw the red flags but ignored them.

    I read the negative Glassdoor and Google reviews left by former clients and employees. One review said that five employees quit within two weeks. The review underscored that employers should not mistreat their employees regardless of their age. Also, before I even started the job, I agreed to change my role from client care coordinator to director of digital marketing without changing my hourly pay of $16. Yet, immediately after I was fired, I felt like a failure.

    I now feel that getting fired after less than a week of employment was a blessing in disguise. The experience taught me that not every opportunity is a good opportunity. But more importantly, protecting my mental health and having employers see the value in me is more important than earning money.

    My boss refused to take my advice

    I didn't think it was a big deal that my former boss wanted me to switch gears to social media marketing after I applied on Indeed for an office coordinator role. Afterall, I did list my social media marketing skills on my résumé.

    After I accepted the new role over the phone with her general manager, I looked forward to honing in on my creative skills while helping a small, independent business grow and gain more customers. But how can I help someone who refuses to listen to my advice?

    My boss wanted her social media marketing to look a certain way: showcasing stock photos of attractive women with outdated fonts.

    I showed her the analytics on the low-performing social media posts and that I knew how to update her online presence to gain more customers, but she refused to absorb anything I had to say. So I followed her creative lead — until I became overwhelmed by her demands.

    I was shocked to find out that my boss wanted more from me than what I produced

    On my third day, I started a project to build posts for the company's social media accounts and research her competitors' special offers. I presented everything she asked for. While she seemed happy with my social posts and the offers that I found, she needed more from me.

    Without warning, she asked which products the other medical spas used. I spiraled into a tailspin.

    I didn't know anything about specific products in the medical spa industry. I didn't even know what she wanted me to research. She never brought up my level of product knowledge in our initial interview, nor did anyone ask me to find out about the competitors' products when explaining the project to me.

    She said I should've known to research the different products used by our competitors. Then, she launched into a list of other deliverables that I should've done. After a few minutes of her feedback, I felt overwhelmed.

    Mental health and respect at work are mandatory

    I stood up and told her I needed to take a break. So, I walked toward the front door.

    She tried stopping me. I didn't give in. I already vowed to never let anyone disrespect me at work. I said, "Ma'am, respectfully, I need to step outside and take a breather. I'll be back in a few minutes."

    She fired me, saying that I wasn't going to work out for her. I thought to myself, "Oh, awesome," as I tried to keep my demeanor professional. I was so pissed off.

    To be fair, I wanted to quit, so she got me before I got her. As I approached the front desk, I looked at the general manager and trainer and told them that I was fired. The general manager offered me a recommendation letter despite all the drama.

    I said goodbye to my coworkers after 2.5 days

    I felt like a failure after two days and about six hours of work on day three. I said goodbye to my coworkers and told them that I was fired as I walked out the door for the last time. But I really felt depressed too.

    I texted "9-1-1" to my mom while she was at work and started sobbing on the phone with her in the parking lot. I kept apologizing to her for being a failure, even though I knew I worked in a toxic environment.

    Afterward, I spent a month in bed while working remotely for another company.

    I've been in the workforce since I was about 16 or 17 years old and have worked with various age groups. That said, some Gen Z workers are lazy and unreliable, and I've seen the TikToks that say that Gen Z is rude, too. At the same time, we want what everyone else wants: for our employers to value us, to enjoy our jobs and work environment, and to receive proper training so that we'll thrive.

    Gen Z knows that there's somewhere better for us

    While the older generations might have put up with toxic work environments, we're speaking up for ourselves and not settling.

    I'm more than happy to receive constructive criticism, as long as the feedback does not cross the line into degradation and disrespect. The workforce continuously changes, and employers must be open to flexibility, growth, and change.

    Gen Z knows that there's somewhere better for us if we don't get what we want out of a job — that's why I'm working at a reputable advertising agency that respects me, advocates for mental health, and cultivates a fun and enjoyable work environment.

    As an employee, it's not on me if a boss doesn't want to learn or be flexible. I can't help a boss to grow, and I can't grow in a toxic environment, right?

    If you're a Gen Z worker and want to share your story, email Manseen Logan at mlogan@businessinsider.com.

    Updated May 7, 2024 — An earlier version of this story did not clarify that the director role was Calli Nguyen's first paid full-time digital marketing job, not her first time working in digital marketing.

    Read the original article on Business Insider
  • About half of the North Korean missiles Russia fired at Ukraine flew off course and exploded in the air, official says

    Fragments of what may be non-Russian missiles, which Russia used to attack the city are seen on January 6, 2024 in Kharkiv, Ukraine.
    Fragments of what may be non-Russian missiles, which Russia used to attack the city are seen on January 6, 2024 in Kharkiv, Ukraine.

    • About half of the North Korean missiles fired by Russia at Ukraine have failed, a Ukrainian official said.
    • The missiles that failed flew off course and exploded in midair.
    • Ukraine's top prosecutor told Reuters they're investigating missile debris. 

    About half of the North Korean missiles Russia has fired at Ukraine have failed, Ukraine's top prosecutor said, per new reporting.

    The high reported failure rate raises questions about the quality of North Korean-provided munitions and comes after months of concern about how an arms deal between the two countries could influence the war in Ukraine and North Korea's own efforts to improve its military capabilities.

    State prosecutors have been examining the debris of 21 out of 50 North Korean missiles fired at Ukraine by Russia between December and February. About half of the missiles "lost their programmed trajectories and exploded in the air," Ukraine's top prosecutor Andriy Kostin told Reuters, noting that debris was not collected for these weapons.

    This falls in line with previous assessments from Ukraine. Back in March, Yuriy Belousov, head of the war crimes department of Ukraine's office of the prosecutor general, said North Korean ballistic missiles were "very low" quality, boasting an accuracy rate of only around 20 percent.

    Beyond the missiles, North Korean rockets have also been called into question. Last summer, the Ukrainians got their hands on North Korean rockets that troops characterized as "very unreliable," noting they sometimes "do crazy things." They said it wasn't odd for them to misfire or explode.

    The reported problems add to suspicions about weaknesses in North Korea's stockpiles, as sanctions and dated production capabilities impact the quality of missiles and other munitions. The battlefield intelligence Pyongyang may be receiving about the performance and capabilities of its weapon systems could be invaluable though.

    When North Korean leader Kim Jong Un met with Russian President Vladimir Putin in September 2023 for a summit on a potential arms deal, officials and experts expressed concerns that such a partnership could be mutually beneficial. The concern was that Putin would get more ammo for his war in Ukraine, and North Korea would get field testing of its weapons to improve the quality of the country's munitions.

    In November 2023, South Korean lawmakers estimated a million North Korean shells had been sent to Russia, beating out the European Union's collective aid to Ukraine since Moscow's forces invaded. In addition to shells, North Korea has also sent rockets and ballistic missiles to Russia as well, helping sustain it as Ukraine struggled to do the same.

    One of the North Korean missiles sent to Russia appears to be KN-23s, known in North Korea as the short-range Hwasong 11. Hwasong 11s resemble Russian Iskander-M missiles and boast a range of around 430 miles.

    Ukrainian officials and experts have identified fragments of the Hwasong 11 in the aftermath of several attacks, including one in early January and one in early February, both in Kharkiv. Kostin told Reuters the last recorded use of the weapon was February 27.

    Along with Kharkiv, other cities, such as Kyiv, and regions, such as Donetsk and Kirovohrad, have been the targets of missile strikes. Since December 30, the attacks have killed 24 people and wounded 115, damaging various residential areas.

    Read the original article on Business Insider