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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUniCredit CEO: We are getting more confident on what profit we can get this yearAndrea Orcel, the CEO of UniCredit, speaks to CNBC's Charlotte Reed following the company's results.
Persons: Andrea Orcel, CNBC's Charlotte Reed Organizations: UniCredit
Why job listing qualifiations feel absurd
  + stars: | 2024-05-07 | by ( Juhohn Lee | Jack Hillyer | Jason Reginato | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy job listing qualifiations feel absurdLacking enough or the right experience, skills, credentials and/or education ranked second among the biggest barriers for jobseekers in 2022, according to McKinsey & Co. The cooling labor market has made it more difficult to find a job. Kory Kantenga, Senior Economist at LinkedIn, said that is felt acutely in the entry-level job market. Some workplace experts blame inflated job requirements and layoffs of recruiters, while others point to a skills miss-match between available jobs and recent graduate degrees.
Persons: Kory Kantenga Organizations: McKinsey & Co, LinkedIn
UniCredit raises investor reward goal after profit tops forecast
  + stars: | 2024-05-07 | by ( ) www.cnbc.com   time to read: +1 min
The logo of Italian international banking group UniCredit stands on the facade of the group headquarters, located in the Porta Nuova district, as seen from the viewpoint of Palazzo Lombardia on September 29, 2023 in Milan, Italy. UniCredit raised on Tuesday its investor reward guidance for the year, after posting a much higher net income than expected and further boosting capital levels. Italy's second biggest bank said net profit for the January-March period was 2.6 billion euros ($2.8 billion), above the average of 2.13 billion forecast in a company-compiled analyst consensus. In the full year, net income is expected to be above 8.5 billion euros, it said, having previously guided for a 2024 net profit "broadly in line" with a 2023 result of 8.6 billion net of a tax asset writeup. UniCredit said it was raising its distribution guidance for 2024 to stand in line with 2023, when it paid out net profit to shareholders in full.
Persons: UniCredit, Andrea Orcel Organizations: UBS Locations: Porta Nuova, Lombardia, Milan, Italy, UniCredit
Spending more to save more is an all-too common pitfall. But spending to save can lead to excessive buying habits and high-interest credit card debt if you aren't careful, according to consumer savings expert Andrea Woroch. ″'Spaving is us justifying our desire to buy more," said Brad Klontz, a Boulder, Colorado-based psychologist and certified financial planner. Yet, even as inflation and high interest rates squeeze budgets, consumers continue to fall for these financial traps. "We are just constantly spending more than we can afford and then we experience stress related to our financial health," Klontz said.
Persons: Andrea Woroch, Brad Klontz, Klontz, spaving Organizations: Finance, YMW Advisors, CNBC's Locations: Boulder , Colorado
But that's not how my life turned out. When I actually turned 40, I was reeling from the humiliation of two short marriages followed by divorce, no kids, and two ill-fated endings. I had a therapist, a dating coach, a yoga membership, and a routine cry on my best friend's couch, obsessing over what went wrong … again. When I went out with someone on a fabulous first date, I'd make myself wait a week for the next one. AdvertisementAs I realized the energy I put into dating was actually in service of understanding myself, I felt empowered to finally pick the right person.
Persons: I'd, that's, , matchmakers, courtships Organizations: Service, Business Locations: Chicago
Major breakthroughs with China’s toughest critics will be hard to come by unless Xi is ready to make surprise concessions. And the trip could instead serve to underscore divisions – not only between Europe and China – but those within Europe that could play to China’s favor, analysts say. Chinese President Xi Jinping and French President Emmanuel Macron visit a garden in Guangdong during Macron's state visit to China last April. Putin has said he plans to visit China this month, according to Russian state media. Xi may also look to highlight Chinese investments in both Belgrade and Budapest in a message to the rest of Europe.
Persons: Xi Jinping, Andrea Bocelli, , Xi, China –, , Noah Barkin, Hungary –, Ursula von der Leyen, Emmanuel Macron, Von der Leyen, Olaf Scholz, Chong Ja Ian, , Chong, Jacques Witt, China’s, Macron, Russia …, Wang Yiwei, Vladimir Putin, Putin, Aleksandar Vučić, Viktor Orban – Organizations: CNN, European Union, Ukraine, German Marshall Fund of, EU, , National University of Singapore, Getty, Beijing’s Renmin University, NATO, Reuters, EV Locations: China, Italy, France, Germany, United Kingdom, Russia, “ China, Europe, Berlin, United States, Serbia, Hungary, Beijing, Paris, “ France, North America, Guangdong, Ukraine, Switzerland, Barkin, , Belgrade, Budapest, Balkans, Balkan
American warships and bases in the Pacific are within reach of an increasingly worrying threat, a missile force unlike anything the US has faced in combat. With these missiles, China is signaling that it could attack US bases and ships in the region with little to no warning, Clark said. TK Department of DefenseThere's a lot more to the Chinese Rocket Force than these weapons, though. AdvertisementThat said, the US and its allies can't afford to assume the Rocket Force won't be ready should conflict come. In other words, how the US prepares itself and adapts to the Chinese Rocket Force gives it the best shot at avoiding a fight altogether.
Persons: China's, Andersen, Thomas Shugart, Bryan Clark, John Aquilino, Kevin Frayer, Harry Harris, Harris, Clark, Shugart, Gerald R, Kendall Warner, Byrd, US Defense Department Harris, Robert Peters, Peters, Ronald Reagan, Andrea Rosembert, Cpl, Ryan Little, Charles Flynn, I'm, Flynn, it's, Andy Wong Organizations: Business, Army Rocket Force, Pentagon, China's Rocket Force, Department of Defense TK Department of Defense, Center, New, New American Security, US Navy, PLA, Hudson Institute, Pacific Command, People's Liberation Army Rocket Force, Eastern Theater Command, People's Liberation Army PLA, Getty, Rocket Force, Liberation, TK Department of Defense, Chinese Rocket Force, US Defense Department, Ford, Virginian, Tribune, Service, Japan, Self, Defense Force, Misawa Air Base, Pacific, US, Defense, Aegis Ballistic Missile Defense, Army, Heritage Foundation, Aegis, Guam, Area, Ronald, Ronald Reagan Ballistic Missile Defense, Department of Defense, US Air Force, Marine Corps, Andersen Air Force Base, Marine, Combat, US Army Pacific, Stealth, Force, Military Locations: Beijing, China, American, Guam, South, Washington, Japan, New American, People's Republic of China, South Korea, Taiwan, South China, AFP, U.S, Marshall, Pearl, Pacific, PLARF, Tiananmen
Why the Fed expects more bank failures
  + stars: | 2024-05-01 | by ( Andrea Miller | Hugh Son | Christina Locopo | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the Fed expects more bank failuresOf about 4,000 U.S. banks analyzed by the Klaros Group, 282 banks face stress from commercial real estate exposure and higher interest rates. The majority of those banks are categorized as small banks with less than $10 billion in assets. "Most of these banks aren't insolvent or even close to insolvent. They're just stressed," Brian Graham, Klaros co-founder and partner at Klaros. "That means there'll be fewer bank failures.
Persons: They're, Brian Graham, Klaros Organizations: Fed, Klaros
Usually, at the US TV upfronts — the annual event where the networks showcase their best upcoming programming in the hopes of securing big advertising commitments — the celebrities are the stars of the show. With more money being spent, advertisers are paying closer attention to what data they can use to inform their TV ad buys and prove that TV is powering their sales. It found that taking advantage of a media company's unique upfront data offerings, including retail data, was a top reason for advertisers to buy linear TV or connected TV in the upfronts, cited by 37%. US retail media CTV ad spend will increase by 86.6% this year to reach $4.19 billion, according to Emarketer. And Walmart's recent deal to acquire the TV manufacturer Vizio reflects the growing trend of retail media's convergence with TV advertising.
Persons: Eric Haggstrom, Dave Morgan, Andrea Montano, there's, NBCU, Mark Marshall, Marshall Organizations: Hollywood, Business, Amazon, TV, CTV, Kroger, Walmart, Netflix Locations: New York
Hundreds of small and regional banks across the U.S. are feeling stressed. "You could see some banks either fail or at least, you know, dip below their minimum capital requirements," Christopher Wolfe, managing director and head of North American banks at Fitch Ratings, told CNBC. Consulting firm Klaros Group analyzed about 4,000 U.S. banks and found 282 banks face the dual threat of commercial real estate loans and potential losses tied to higher interest rates. "That means there'll be fewer bank failures. For individuals, the consequences of small bank failures are more indirect.
Persons: Christopher Wolfe, They're, Brian Graham, Graham, Sheila Bair Organizations: Fitch, CNBC, Consulting, Klaros, U.S . Federal Deposit Insurance Corp, FDIC Locations: U.S
CNN —Amateur archaeologists in England have unearthed one of the largest Roman dodecahedrons ever found, but mystery surrounds what it was actually used for. The 12-sided object is one of just 33 known to exist in Roman Britain, and one of approximately 130 in the world. It is considered “one of archaeology’s great enigmas,” according to the Norton Disney History and Archaeology Group, an amateur group based in the English region of Lincolnshire where it was found in June. “It is completely unique,” said Richard Parker, secretary of the Norton Disney History and Archaeology Group, adding that no similar objects have ever been found. Norton Disney History and Archaeology GroupParker told CNN there are no descriptions of the dodecahedron in Roman literature, and they have not been depicted pictorially in mosaics.
Persons: , ” Andrea Martin, , Richard Parker, It’s, ” Parker, Parker, we’re Organizations: CNN — Amateur, Roman, Norton Disney, Archaeology Group, Lincoln Museum, Lincolnshire County, Lincoln Festival, CNN Locations: England, Roman Britain, Lincolnshire
5 ways to attack the climate crisis
  + stars: | 2024-04-29 | by ( Andrea Kane | ) edition.cnn.com   time to read: +8 min
The climate crisis impacts Earth — its land, its atmosphere and its bodies of water — and it also profoundly affects the health and behavior of the planet’s inhabitants large and small, including humanity. And CNN Chief Climate Correspondent Bill Weir has a front-row seat to the ever-evolving situation. “Five million people die prematurely every year just to, just from particulate pollution of burning fossil fuels around the world,” Weir said. “It is taking care of water and soil and air… (that) fills those (Maslow) needs in ways that we can’t imagine in our modern, convenient world,” he said. “I just want folks to connect with each other and nature in the best possible ways,” he said.
Persons: Bill Weir, Weir, Olivia, , , ” Weir, Sanjay Gupta, it’s, Abraham Maslow’s, , Elisabeth Kübler, Rogers, “ There’s, he’s, Maslow Organizations: CNN, Earth Locations: Hope, America, Charleston , South Carolina, Miami, thrivers, United States, Maine, Canada, Asia, Lahaina,
Read previewHarvard researcher Dr. David Sinclair has found himself at the center of controversy within the longevity community. He's also earned his share of critics who say his research isn't always backed up by sufficient evidence. Animal Biosciences reissued a press release walking back the "reverse aging" claim. But scientists in the field say the issue is even more fundamental: There's no way to reverse aging, much less measure it. That means debates about the semantics of aging will only become more relevant to our daily lives.
Persons: , David Sinclair, Sinclair, He's, Dr, Nir Barzilai, Matt Kaeberlein —, Matt Kaeberlein, Barzilai, it's, it'll, Andrea Maier, Jeff Bezos, Peter Thiel Organizations: Service, Business, Street Journal, Animal Biosciences, Newsweek, The Academy for Health, Academy for Health, Academy, National Institute, Aging, MIT Technology, National University of Singapore, Longevity
It's the busiest week of the earnings season, and it could have major consequences for the stock market. This quarter: The fast-food giant is expected to report single-digit earnings and revenue growth from the year-earlier period, LSEG shows. Amazon is set to report earnings after the close. What history shows: Pfizer earnings beat earnings expectations 87% of the time, per Bespoke. Thursday Apple is set to report earnings after the bell.
Persons: Jeffrey Bernstein, Bernstein, JPMorgan's Andrea Teixeira, Teixeira, AMZN, Joseph Feldman, Feldman, AAPL, , Apple Organizations: Apple, Pfizer, IBM, CNBC, Barclays, Investment, Management, AWS, Amazon, pharma, Food and Drug Administration, UBS Locations: China
Analyst Edward Kelly upgraded the discount retailer to overweight from equal weight and opened a $180 price target. Yefremov's $400 price target indicates shares can jump 31.7% from Wednesday's closing price. Analyst Andrea Teixeira downgraded the energy drink maker to neutral from overweight and cut her price target by $7 to $59. — Alex Harring 5:38 a.m.: Wall Street reacts to Meta earnings Meta Platforms disappointed investors with its weak revenue guidance , sending shares down about 13% in premarket trading. His price target of $55 implies upside of 22% over the next 12 months.
Persons: Bernstein, Wells, Edward Kelly, shrinkflation, Kelly, — Alex Harring, Sherwin, Williams, Aleksey Yefremov, Yefremov, Doug Creutz, Creutz, Judas, Goldman, bullish, Goldman Sachs, Brooke Roach, Roach, Andrea Teixeira, Alex Harring, Ford, Wells Fargo, Colin Langan, Langan, LSEG, Eric Sheridan, Brian Nowak, Morgan Stanley, Doug Anmuth, Ronald Josey, Daniel Roeska, Roeska, General Motors, Fred Imbert Organizations: CNBC, General Motors, Traders, Grand Theft, Sony, Electronic Arts, TJX, TJX Companies, JPMorgan, Monster Beverage, Ford, Ford Pro, Facebook, Meta, Citi, mojo, General, GM Locations: Wells Fargo, Thursday's, Wednesday's, Michigan
Ahead of the fight, Garcia missed the weight limit for the bout, which ended his chances of competing for a world title on April 20. “In the ring, I’m gonna beat your a**,” Garcia posted on Instagram ahead of the fight. I bet you hoped it was some kind of mental health issues.”Many speculated that Ryan was going through a mental health crisis, including boxing promoter Eddie Hearn. Garcia hasn’t shied away from talking about his struggles with mental health. During the press conference for the fight, Haney asked Garcia to pay him $500,000 per pound if he missed weight.
Persons: jabbed, Ryan Garcia, Canelo, Óscar Valdez, Lord Jesus Christ, of Kings, Lord of Lords, ” Garcia, Garcia, Andrea Celina, Haney, It’s, reestablishes Garcia, , Devin Haney, , I’m, Cris Esqueda, Muhammad Ali, Mike Tyson, Tyson Fury, Deontay Wilder, Ryan, Eddie Hearn, Ryan Garcia implode, ” Hearn, Garcia hasn’t shied, Luke Campbell, you’re, Emmanuel Tagoe, , he’s, Youtuber, Jake Paul, Garcia’s, Garcia pounced, Saturday’s, Gervonta Davis Organizations: CNN, WBC, Barclays Center, Truman, Boxing Social, Breakfast, ” CNN, New York State Athletic Commission, ESPN Locations: Brooklyn , New York, San Antonio , Texas, New York State
What it’s like to be a ‘glass child’
  + stars: | 2024-04-23 | by ( Taylor Nicioli | ) edition.cnn.com   time to read: +11 min
Meneses Maples refers to herself as an adult “glass child,” the sibling of a person with a mental or physical disability. How does a glass child disappear? It is important not to assume what the needs of a glass child are, said Missud, the New York psychotherapist. More than a decade after her TEDx presentation, Meneses Maples receives messages from parents of glass children seeking her advice. Meneses Maples said she hopes to inspire research on glass children by spreading the word through presentations and workshops.
Persons: Alicia Meneses Maples, David, Mario, Meneses Maples, didn’t, , ” Meneses Maples, Antonio TEDx, Debbie Missud, Emily Holl, Missud, ” Holl, , Holl, David couldn’t, Mario didn’t, , Shelley Cook, Laura Oliverio, Cook, Andrea, ” Cook, Cook didn’t, Shelley Cook “, Al Freedman, Freedman, Jack, Cara, Jack didn’t, ” Freedman, wasn’t, Alicia, Mario Meneses, Alicia Meneses Maples Meneses Maples, ‘ Alicia, ’ ” Meneses Maples, ’ ”, Organizations: CNN, Hulu’s, Suncoast, Disney, Cure SMA Locations: Chicago, Antonio, New York City, Glenwood Springs , Colorado, York
Bioluminescence is used throughout the animal kingdom, particularly in marine environments, to lure prey, startle predators and even act as camouflage in the surrounding light. “We always say it’s light-limited in the deep sea, but there are a lot of organisms that produce their own light,” said Andrea Quattrini, a zoologist at the Smithsonian National Museum of Natural History in Washington. The dazzling glow of bioluminescence is common in Octocorallia, also known as octocorals, a class of over 3,000 Anthozoa species including sea fans, sea pens and soft corals. The prevalence of bioluminescence in these sessile animals makes a lot of sense, Dr. Quattrini said: “They settle somewhere and they’re there.”How long organisms have been able to emit light is at the center of recent research by Dr. Quattrini and colleagues. Their latest study, published Tuesday in the journal Proceedings of the Royal Society B, resets the timing for the emergence of bioluminescence back to about 540 million years ago, from the existing understanding that it appeared in small marine crustaceans 267 million years ago.
Persons: , Andrea Quattrini, Quattrini, Organizations: Smithsonian National Museum of, Royal Society Locations: Washington
How floodplain buyouts work
  + stars: | 2024-04-22 | by ( Lindsey Jacobson | Jason Reginato | Christina Locopo | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow floodplain buyouts workThe U.S. government is buying up and destroying American homes. Homeowners in the floodplain are choosing to voluntarily sell their doomed properties to the government. Since 1989, FEMA has helped fund around 45 to 50,000 home buyouts. FEMA is estimated to have spent somewhere around $4 billion on the project so far but that's just a fraction of the total amount spend on buyouts, since there are programs outside of FEMA. But not everyone is convinced buyouts are a good idea.
Organizations: Homeowners, FEMA Locations: U.S
'I have no regrets'Andrea Jones accepted a floodplain buyout for her home in the Charlotte, North Carolina, area. CNBCAndrea Jones, 59, sold her home in the Charlotte, North Carolina, area in a floodplain buyout. On average, federal buyouts can take two to five years, though 80% of the FEMA acquisitions are approved in less than two years. Jones' buyout was delayed by the pandemic, but once she started the process up again in May 2022, things moved quickly. In addition to FEMA, the U.S. Department of Housing and Urban Development and many state and local communities fund floodplain buyouts.
Persons: Siders, Andrea Jones, CNBC Andrea Jones, Jones, Andrea Jones Jones, they're, Mathew Sanders, Sanders Organizations: Federal Emergency Management Agency, FEMA, University of Delaware's, Program, CNBC, Finance, Charitable, Congressional Research Service, U.S . Department of Housing, Urban Development Locations: Charlotte , North Carolina
5 ways to add joy into your meals
  + stars: | 2024-04-19 | by ( Andrea Kane | ) edition.cnn.com   time to read: +6 min
“She would eat this colorless, aroma-less food and she was sad all the time.”That is not Shiue’s style. She wanted to create a place where she could teach her patients to make healthy food taste good. “A lot of people were taught that quote-unquote ‘cultural food’ … is not healthy,” Shiue said. “People are told, ‘Oh no, no: The food that you eat, that’s why you have diabetes. “Nutrition and sustenance — that’s only one small part of food,” Shiue said.
Persons: Sanjay Gupta, it’s, , dieter, ” Dr, Linda Shiue, Gupta, That’s, , Shiue, we’re, ” Shiue, Don’t, , you’ve, , Bill Weir Organizations: CNN, Kaiser Permanente San Locations: Kaiser Permanente San Francisco, Chew
Max Verstappen of the Netherlands and Oracle Red Bull Racing reacts during previews ahead of the F1 Grand Prix of China at Shanghai International Circuit on April 18, 2024 in Shanghai, China. Edmund So | Getty ImagesThe Chinese Grand Prix could deliver some much-needed drama to Formula 1, and Red Bull's Max Verstappen can't be penciled in as the almost-certain winner on Sunday. It's also the season's first GP with a sprint race, which means Friday's practice session was the only one of the weekend. This is the first F1 race in China in five years, scratched from the calendar by the COVID-19 pandemic. Horner accepted the concern but noted the Shanghai circuit is a known quantity, hosting races since 2004.
Persons: Max Verstappen, Edmund So, It's, Lando Norris, McLaren, Verstappen, Christian Horner, Clive Mason, Mercedes, Lewis Hamilton, Friday's, Lance, Aston Martin, Oscar Piastri, McClaren, Sergio Perez, Haas, — Nico Hulkenberg, Kevin Magnussen, China's, Zhou Guanyu, Charles Leclerc, Bull, Leclerc, Carlos Sainz, Andrea Stella said, Horner, Lando Norris of Great, Qian Jun, Norris, Fernando Alonso, Sainz, Perez, Mark Thompson Organizations: Oracle Red Bull, of China, Shanghai, Circuit, Bull, Getty, Pirelli, Sauber, Ferrari, McLaren, McLaren F1 Team, Sprint, Bahrain, Hamilton, Oracle Red Bull Racing Locations: Netherlands, Shanghai, China, Australia, Lando Norris of Great Britain, parc feme, Bahrain
A 38-year-old mom of two said she lost 140 pounds in two years without restricting her favorite foods by eating more protein and tracking her meals. She lost a total of 140 pounds, got rid of sleep apnea, and boosted her energy enough to exercise daily, Pence told BI. Andrea Pence said she lost more than 100 pounds by eating more protein and tracking calories. If you go heavy on protein, you're going to be full." Being mindful of total calories and finding ways to fit in more protein helped Pence enjoy her food while still meeting her goals.
Persons: , Andrea Pence, Pence, I've, it's, What's Organizations: Service, Business Locations: Tennessee
Olympic luxury packages are already on sale, offering exclusive access to the sporting spectacle, alongside very upscale travel and accommodation experiences. And this year, there’s no bigger sporting event than the Paris 2024 Olympic Games. Tour operator Kensington Tours says it has two clients coming into Paris for the first seven nights of the Games. “Paris presents a wealth of opportunities for luxury travelers to indulge in during the Olympics,” Adto Teppa says. Pierre MonettaTo ensure their clients have access to Paris’ most prestigious hotels, many luxury travel advisers have made blanket bookings at properties across the city.
Persons: cher, Barnabas Carrega, , ” Carrega, ’ Carrega, Ducasse, Alain Ducasse, won’t, They’ll, they’ll, AZA, Angela Adto Teppa, ” Adto Teppa, Palais, Paris, Andrea Galvez, , Galvez, Pierre Monetta, We’ve, Dave Guenter, Crillon, Nicolas De Gols, De Gols, Fraser Yachts, Askari, Patrick Locqueneux, Clément Bru, Charles de Brosses, Cookoon, “ We’ve, ” Bru, Henri Jayer Vosne, Domaine, Conti, de Mars, Simone Biles Organizations: CNN, Paris, CNN Travel, Michelin, Olympic, Kensington, Eiffel, Palais Garnier, Travel, Opera Ballet, Travel Group, Le Bristol Paris, Paris ’, Royal, Raffles, , Royal Monceau’s, Nice, Tahiti, Fraser Locations: Paris, American, Alma, Kensington, Oahu, Hawaii, New York, Rosewood, Le Bristol, Raffles Paris, Marseille, Polynesia, Teahupo’o, Tahiti, Monaco, France, Burgundy
Denver-Boulder's recipe for natural food success
  + stars: | 2024-04-17 | by ( Andrea Day | Chris Dilella | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDenver-Boulder's recipe for natural food successMeet some of the successful entrepreneurs who parlayed their passion for healthy living into million-dollar businesses, fueled by the city's vibrant farmers market and supportive community.
Organizations: Denver
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