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☆ The generation that may never retire: Why some millennials are behind on savings — and how they can catch up
▼ + stars: | 2024-05-29 | by ( Jacob Zinkula | William Edwards | ) www.businessinsider.com time to read: +14 min

However, the average millennial reported roughly $63,000 in retirement savings so far. While millennials will need more money to retire comfortably, many are far away from the savings milestone experts suggest. What's more, the future of the US Social Security system is uncertain, and longer expected lifespans — while a positive development — will require more retirement savings. How to figure out how much retirement savings you needTiffany Bell, a 36-year-old business management professional based in Houston, didn't always take retirement savings seriously. How millennials can get their retirement savings back on trackWhile some millennials are struggling financially, it's not all doom and gloom when it comes to their retirement prospects.

Persons: Nathaniel Hudson, Hartman, millennials, Tiffany Bell, didn't, Bell, she's, they're, Chris Chen, Chen, Judi Leahy, it's, Leahy, NerdWallet, Bell —, —, X, What's, Nilay Gandhi, Roth, Rita Assaf, Assaf, Gandhi Organizations: Business, Northwestern Mutual, Pew, US Social Security, Fidelity, Financial, Citi, Wealth Management, Vanguard, Big, CFP, Roth IRA, Fidelity Investments, Savings, Hudson Locations: Portland, Houston, New York, Montana

☆ Kapital: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: 1 min

Small businesses dominate the global economy, and yet few banks focus on lending credit to this underserved demographic. According to the World Bank, small and medium-sized businesses make up 90% of global companies but only get 10.5% of total bank credit available. Even those that do get bank credit often don't have the kind of robust business management platform that large enterprises have. It gives businesses access to capital through revolving credit lines and business credit cards, while its business management platform provides real-time visibility into operations, cash flows, management of loans, payroll, benefits and invoicing. "That's what we're fixing — we give them visibility of their finances," Rene Saul, who co-founded Kapital with Fernando Sandoval in 2020, told TechCrunch.

Persons: Rene Saul, Fernando Sandoval Organizations: World Bank

The information for the following product(s) has been collected independently by Business Insider: Capital One Spark 1% Classic†, Bank of America Business Advantage Unlimited Cash Rewards Secured Business Credit Card, FNBO Business Edition® Secured Mastercard® Credit Card, Capital One Spark Cash Select for Excellent Credit†. Introduction to the Capital One Spark 1% ClassicThe Capital One Spark 1% Classic† credit card is designed for small business owners with fair credit who need a business credit card for company purchases, bookkeeping and tax preparation management. Capital One Spark 1% Classic OverviewThe Capital One Spark 1% Classic† could be considered the entry level card in Capital One's line of small business cards, which are all branded with Spark name. Spark vs. QuicksilverMany people online compared the Capital One Spark business cards to the consumer-targeted Capital One Quicksilver cards. Capital One Spark 1% Classic Frequently Asked QuestionsWhat are the main features of the Capital One Spark Classic card?

Persons: Cardholders, it's, cardholders, Redditors, Jason Steele Jason Steele, Jason, Miles, Guy, Read, Angela Fung Organizations: Business, Bank of America Business, Credit, Mastercard, Capital, Accounting, Business Management, Abacus, Travel Insurance, Quicksilver, Chevron, Conference, Credit Card Media, Finance Locations: One's, Xero, Chevron, Denver , Colorado

☆ 29-year-old ex-bartender now earns $100,000 working in AI without a college degree—here's how
▼ + stars: | 2024-04-30 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

For a while, Maruyama thought her career options without a college degree would be limited to low-wage jobs or becoming an entrepreneur. Cosmetic tattoo artists, who need to complete classes and acquire a license, tattoo permanent makeup and can camouflage bald patches and tattoo full scalps to create the appearance of hair. Maruyama obtained her cosmetic tattoo artist license in 2018 while living in Savannah. Most of the open jobs Maruyama saw online were in tech and required skills she had never heard of. At the same time, Maruyama started sharing her experience looking for — and landing — a job without a college degree on TikTok under the username @degreefree.

Persons: Maruyama, Hannah Maruyama, Ryan, Hannah, furloughed Organizations: CNBC, Georgia Southern, Georgia Southern University, Yama Studios, Honolulu Fire Department, AWS Locations: Savannah, AskMakeIt@cnbc.com, Honolulu, Hawaii, Saudi Arabia

☆ I quit medicine for an entry-level corporate job. I felt behind but didn't have the passion to become a low-paid doctor.
▼ + stars: | 2024-04-25 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Salaha Ashraf spent her last few years of medical school feeling stressed and anxious. Ashraf went to medical school in 2014 but pivoted into a corporate career after deciding she didn't want to be a doctor. I felt more passionate about business management after one year compared to four years of medical school. I don't wish I was a doctorI try to look back at medical school in a positive light. If I felt empowered to follow my passion, maybe I would have studied psychology, which I found interesting at school.

Persons: Salaha Ashraf, —, Ashraf, I've, I'd Organizations: Service, NHS, Business Locations: Bolton, England

☆ A millennial who moved to Canada for the quality of life shares why he wants to go back to Texas — and why he regrets not waiting to relocate until later in life
▼ + stars: | 2024-04-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

A millennial moved from the South to Montreal in 2015 to "get cultured" and attend graduate school. He said food, safety, healthcare, and quality of life are the biggest perks of living in Montreal. But he said he wants to move back to Texas for the weather, lower cost of living, and his family. In recent years, millions of Americans have moved south. "I wish we lived in Texas now and moved to Canada later in life," Linton said.

Persons: —, Dexter Linton, Linton, haven't, who've, it's Organizations: Service, Business, Lone Star State Locations: Montreal, Texas, Arlington , Texas, Kansas, Georgia, South Carolina , Florida, Canada, Linton

☆ About half of America's new college graduates are working in high school-level jobs like food service and retail: report
▼ + stars: | 2024-02-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

People working college-level jobs earn 88% more than those with only a high school education, the report said. AdvertisementMost underemployed graduates are in sales and office administrationFor graduates working high school-level jobs five years after finishing college, the most common occupations are clerk (1.09 million graduates), sales supervisor (1 million), retail sales worker (759,000), salesperson (611,000), and secretary (602,000). Health-related work, including nursing, had the lowest underemployment rate, with only 23% of graduates not working college-level jobs five years after finishing their bachelor's. About 27% of underemployed graduates eventually advance to college-level jobs in the next 10 years. Getting an internship in your field of study vastly improves your chances of getting a college-level job, the report said.

Persons: —, they're Organizations: Service, —, Glass Institute, Strada Education, Business Locations: underemployment

Amazon Business Prime Card OverviewThe Amazon Business Prime Card is ideal for business owners who frequently make Amazon or Whole Foods purchases and already have a Business Prime membership. Amazon Business Prime Card RewardsWelcome OfferNew Amazon Business Prime Card cardholders receive a $125 Amazon Gift Card upon approval, equivalent to the 5% rewards you'd earn from spending $2,500 in eligible Amazon purchases. Amazon Business Prime Card Benefits and FeaturesThe Amazon Business Prime Card includes a number of tools designed to simplify small business management. Amazon Business Prime Card Annual Fee and Other CostsThe Amazon Business Prime Card card doesn't have an annual fee, but you need a personal or business Amazon Prime membership to be approved. When looking at the Amazon Business Prime Card, we considered several criteria including:Rewards — The Amazon Business Prime Card earns 5% back on eligible Amazon Purchases.

Persons: cardholders, Amex, You'll, Finance Insider's, it's Organizations: Business, Amazon, Prime, Amazon Business, Foods, Business Prime American Express, Amazon Business Prime Card, Amazon Business American, Business Prime Card, Web Services, Amazon Business Prime, American, QuickBooks, Business Prime, Finance, Chase, Amazon Prime

☆ 33-year-old makes over $100,000 and works from home without a bachelor’s degree—here’s how
▼ + stars: | 2024-01-25 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

This story is part of CNBC Make It's Ditching the Degree series, where women who have built six-figure careers without a bachelor's degree reveal the secrets of their success. "At that point, I was like, 'Well, how far can I go without a bachelor's degree?'" Ansley says this proactive approach to her professional growth and networking helped her transition from marketing to product management. While some companies prefer product managers to have a bachelor's degree in business management, supply chain management or a related field, it isn't always required. Why product management is a 'great career' for someone without a degree

Persons: Ansley, Kami Smith, isn't, Smith Organizations: CNBC, Tillotson University, University of Texas, Texas Windstorm Insurance Locations: AskMakeIt@cnbc.com, Austin , Texas, San Antonio, Texas, Houston, BMF, Austin, South, Austin .

☆ ServiceNow's chief digital information officer on why 2024 is going to be really fun
▼ + stars: | 2023-12-23 | by ( Josée Rose | ) www.businessinsider.com time to read: +4 min

The software-as-a-service provider is "aggressively pursuing our ambition to absolutely be an AI-first company," Chris Bedi, the chief digital-information officer at ServiceNow, told Business Insider. "We know we're early innings, especially with gen AI, but we are pushing on it hard." AdvertisementThe challenge that ServiceNow and all companies face is around fast innovation, "but also we take care of governance, safety, and ethics" around AI, Bedi said. We started experimenting and doing stuff with gen AI super early. I would say underestimating how quickly gen AI would progress.

Persons: —, Chris Bedi, Bedi, ServiceNow, they've, It's Organizations: Service, Business Locations: America

☆ The designer of the ‘Bushwick Birkin’ is rewriting the rules of fashion
▼ + stars: | 2023-12-04 | by ( Ramishah Maruf | Clare Duffy | ) edition.cnn.com time to read: +13 min

By contrast, even the most expensive Shopping Bags often cost less than $300. Telfar Clemens at the CFDA x Vogue Fashion Fund 'Americans in Paris' event, Paris Fashion Week, France in March 2018. Maker of the ‘Bushwick Birkin’“This Telfar bag imported. The Covid-19 pandemic sent the popularity of the Shopping Bag to new heights — new bag releases announced online sold out in minutes. ‘For everyone’In 2015, Telfar had an unusual partner at New York Fashion Week: fast-food chain White Castle.

Persons: Bella Hadid, Alexandria Ocasio, “ Abbott, they’re, Birkin, ”, Telfar Clemens —, ” Clemens, Clemens, He’s, Telfar, Telfar Clemens, Hagop Kalaidjian, Clemens “, Lois Sakany, Beyoncé, Gonzalo Marroquin, Patrick McMullan, Solange Knowles, David X Prutting, Bushwick Birkin, —, Adrienne Jones, Samia Laaboudi, Edward Berthelot, Chanel, Laticha Brown, ’, Robert F, Kennedy, Babak Radboy, “, It’s, Elliott Jerome Brown Jr, ” Sakany, Sakany, Pratt’s Jones, Radboy, ” Telfar, DiCianno, Jones, ” Jones, it’s Organizations: New, New York CNN, Rep, ABC, Brooklyn, tote, Gay Times, Fund, Paris, CNN, Liberian, New York’s Pace University, Breakfast Club, of Fashion Designers of America, Vogue, Guggenheim Museum, ” Pratt Institute, Security, New York, Reuters, Analysts, Bag Security, Fashion Institute of Technology, White, Kennedy Human Rights Liberty, Justice Fund, Old, Fast Locations: New York, Alexandria, Cortez, Bushwick, Brooklyn, Paris, France, New York City, Liberian, Queens, Liberia, United States, USA, . Clemens

☆ Finance workers in London are most exposed to the threat of AI, and it should put Wall Street on notice – study shows
▼ + stars: | 2023-12-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

The finance and insurance sector is the most exposed to the adoption of AI. The report found jobs in finance, law, and business management were likely to be impacted by AI. AdvertisementA new report that measures AI's effect on London city workers may raise alarm bells on Wall Street. "The finance & insurance sector is more exposed to AI than any other sector," the report said. Here are the top ten UK sectors with the highest exposure to AI:Advertisement

Persons: — Organizations: UK government's Department for Education, Service, UK government's Department, Education's Unit Locations: London

☆ Brazil's StoneCo sees profit multiplying eightfold by 2027
▼ + stars: | 2023-11-15 | by ( Andre Romani | ) www.reuters.com time to read: +2 min

The firm will continue to focus on the micro, small and medium-sized business (MSMB) client segments, while maintaining a controlled level of investment, Zinner said. StoneCo is projecting adjusted net profit of at least 1.9 billion reais in 2024 and at least 4.3 billion reais in 2027, an aggressive target after closing last year with an adjusted net profit of 526 million reais. The bullish guidance comes on the heels of a more than 300% increase in adjusted profit for the third quarter year-on-year, which boosted the company's 12.9% on Monday in New York. The volume of payments processed by the company in the MSMB segment is expected to exceed 412 billion reais in 2024 and reach over 600 billion reais in 2027, compared to 290 billion reais last year. With the acquisition of Linx, it also has now a significant presence in the business management software space.

Persons: Pedro Zinner, Zinner, StoneCo, Peter Frontini, Ana Mano, Cynthia Osterman Organizations: SAO PAULO, Reuters, André, Thomson Locations: New York

AdvertisementAdvertisementThere are many ways to narrow down your options for a business bank account, including interest rates. Business vs. personal bank account interest rates at online banks*Current and prior American Express Rewards Checking customers aren't eligible for American Express Business Checking. Business banking vs. personal banking: What you need to knowOpening a business bank account involves more documentation than opening a traditional bank account. AdvertisementAdvertisementFor example, you might consider getting a business checking account over a personal checking account because it offers greater protection and access to merchants' services. Products in this post: Bank of America Advantage Savings Account, Bank of America Savings Account, Chase Business Premier Savings, Chase Premier Savings℠ Account, Regions Bank Business Premium Money Market, Regions LifeGreen® Savings Account, U.S. Bank Platinum Business Money Market Account, U.S. Bank Elite Money Market Account, Wells Fargo Business Platinum Savings, Wells Fargo Platinum Savings Account, American Express Business Checking, American Express® High Yield Savings Account, Axos Business Interest Checking, Axos Bank Rewards Checking, Live Oak Bank Business Savings, Live Oak Bank Online Savings Account, Nationwide Business Premium Savings, Nationwide My Savings Account, NBKC Business Money Market Account, NBKC Money Market Account, BlueVine Business Checking Account, Bethpage Federal Credit Union Business Money Market, Bethpage Federal Credit Union Money Market Account, Blue Federal Credit Union Business Tiered Money Market, Blue Federal Credit Union Accelerate Savings, Consumers Credit Union Business Money Market, Consumers Credit Union Free Rewards Checking Account, Premier Members Credit Union Money Market Account, Premier Members Credit Union Business Money Market Account, Signature Federal Credit Union High-Yield Checking Account, Signature Federal Credit Union Business High Yield Checking

Persons: —, you'll Organizations: Service, U.S . Bank, Business, American, Consumers Credit Union, Products, Bank of America, Chase Business Premier Savings, Chase Premier, Regions Bank, LifeGreen, Bank, Wells, Savings, Wells Fargo, Express, Oak Bank Business Savings, Oak Bank, Business Premium Savings, Nationwide, Bethpage Federal Credit Union, Money, Federal Credit Union, Blue Federal Credit Union, Money Market, Consumers Credit, Credit, Credit Union Locations: Florida, Alabama, U.S, Illinois, Wisconsin, Wells Fargo, Bethpage

The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City, New York, U.S. November 16, 2021. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Thomson Reuters Corp (TRI.TO) on Wednesday reported higher-than-expected third-quarter profit as its biggest divisions serving legal, tax and accounting professionals performed well amid economic uncertainty. Organic revenues in the Legal Professionals segment increased 6%, while total revenue fell 2%, reflecting sales of some divisions. Thomson Reuters has earmarked $10 billion for acquisitions and about $100 million per year in investments in AI capabilities. In August, the company closed its $650 million cash acquisition of Casetext, a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI.

Persons: Carlo Allegri, Thomson, Steve Hasker, ” Hasker, Hasker, Helen Coster, Nick Zieminski Organizations: Thomson Reuters, REUTERS, Thomson Reuters Corp, ”, Microsoft, Elite, TPG, Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, California

☆ With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023
▼ + stars: | 2023-10-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

UK has second-biggest number of top fintech firmsThe U.S. was home to 65 of the top fintech companies, according to CNBC's list of world's top 200 fintech companies. In the U.S., some of the top global fintech companies on Statista's list include names like Stripe, PayPal and Intuit . Stateside, meanwhile, the largest fintech unicorns are Stripe ($95 billion), Chime ($25 billion), Ripple ($15 billion), Plaid ($13.5 billion), Devoted Health ($12.6 billion, and Brex ($12.3 billion). Other leading ecosystems for fintech unicorns include India, on 17 unicorns, and China, on eight. Standing in 8th place is Mexico, with five fintech unicorns, Singapore, also with five, and the Netherlands, which has four in total.

Persons: Ed Jones, Starling, Tencent, Statista, Andreessen Horowitz, Wise, Vlad Tenev, Group's, —, Nick Parmenter Organizations: AFP, Getty, CNBC, Statista, Ant Group, Plaid, Visa, Mastercard, European Union, Apple, Google, Sequoia Capital, PayPal, Intuit, Financial, Authority, Consumers Locations: U.S, Beijing, China, Silicon, Europe, Ukraine, Covid, India, France, Brazil, Germany, Mexico, Singapore, Netherlands, Statista

☆ Roper forecasts profit above estimates as IT spend on application software picks up
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

Roper features a host of enterprise software segments such as Strata, its financial analysis and performance platform catered to the healthcare industry, and Aderant, a business management software provider targeted towards law firms. The Sarasota, Florida-based company reported an adjusted profit of $4.32 per share in the third quarter, beating analysts' average estimate of $4.22 per share. Revenue from the application software business - Roper's biggest - rose nearly 25% from a year earlier to $803.4 million in the quarter ended Sept. 30. Its total third-quarter revenue was up 16% year-on-year at $1.56 billion, compared with analysts' estimates of $1.55 billion. In August, Roper completed its $1.25 billion acquisition of performance management software provider Syntellis Performance Solutions, enhancing its capacity to deliver cloud-based solutions.

Persons: Roper, Arsheeya, Shweta Agarwal Organizations: Roper Technologies, Wall, Global, Gartner, Revenue, Thomson Locations: Sarasota , Florida, Bengaluru

☆ How AI and better pay can address the ongoing cyber talent shortage
▼ + stars: | 2023-09-27 | by ( Bob Violino | ) www.cnbc.com time to read: +5 min

Nearly all of them said the cybersecurity skills shortage and its associated impacts have not improved over the past few years and 54% said it has gotten worse. The cybersecurity skills shortage has been going on for years, and it's getting worse, with a rising number of firms citing the issue. Artificial intelligence, particularly generative AI, might play a growing role in easing the skills shortage. Let's say an organization has an inexperienced member of its cyber team, which is a common scenario, Shockey said. In other words, you can treat generative AI as a virtual member of the cyber team."

Persons: Jon Oltsik, ESG, Oltsik, Candy Alexander, ISSA, Alexander, Jason Shockey, Shockey, there's Organizations: IT, Enterprise Strategy, Information Systems Security Association, ISSA International, NeuEon LLC, West

☆ The Legal Lives of Slaves in America
▼ + stars: | 2023-09-15 | by ( Dylan Penningroth | ) www.wsj.com time to read: 1 min

In the past couple of decades, scholars have emphasized the sheer brutality of life under slavery and how that brutality stemmed directly from the fact that slavery was, above all, a business. From the biggest slaveholders, whose sophisticated accounting techniques and productivity experiments helped pave the way for modern business management, to the middle-class farmer renting enslaved labor whenever he could afford to, slaveowners made their money from an unholy fusion of precision management and cruel violence. Profit was the point.

Persons: slaveowners

A man walks past a logo of Alibaba Group at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang Acquire Licensing RightsSHANGHAI, Sept 12 (Reuters) - New Alibaba Group CEO Eddie Wu has told staff the tech giant's two main strategic focuses going forward will be "user first" and "AI-driven", according to an internal letter reviewed by Reuters. The new CEO, one of Alibaba Group's founders and long-time lieutenant of former chief Jack Ma, is laying out his strategic priorities at a key moment for Alibaba, which is undergoing the biggest organisational restructure of its 24-year history. Late on Sunday Alibaba also announced that Wu would concurrently serve as CEO of its cloud computing unit, replacing Daniel Zhang. The cloud unit is Alibaba's second-biggest revenue source after domestic e-commerce and houses the group's generative artificial intelligence model, Tongyi Qianwen.

Persons: Tingshu Wang, Eddie Wu, Wu, Alibaba, Jack Ma, Daniel Zhang, Zhang, ByteDance's Douyin, Casey Hall, Gerry Doyle, Stephen Coates Organizations: Alibaba Group, REUTERS, Rights, Alibaba, Reuters, Cloud Intelligence Group, PDD Holdings, Huawei Technologies, Tencent Holdings, HK, Baidu, Thomson Locations: Beijing, China

☆ Eddie Wu: Alibaba's new CEO embraces AI and wants a younger management team
▼ + stars: | 2023-09-12 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Alibaba Group will embrace artificial intelligence (AI) and promote younger people to senior management, its new CEO says, as the e-commerce and cloud giant tackles its most ambitious restructuring in its history. “Times are changing, and so must Alibaba!” Eddie Wu, who stepped into the chief executive role on Sunday, said in a memo to staff seen by CNN. Wu replaced Daniel Zhang to become Alibaba (BABA)’s fourth CEO in its 24-year history. According to a plan announced in March, Alibaba will split into six separate units, including cloud, e-commerce, logistics, media and entertainment. Top tech firms around the globe have been shifting their focus to AI, including Google (GOOG), Amazon (AMZN) and Microsoft (MSFT), especially after ChatGPT took the world by storm late last year.

Persons: Eddie Wu, Wu, Daniel Zhang, ’, “, Alibaba, ChatGPT Organizations: Hong Kong CNN — Alibaba, “, CNN, Google, Microsoft Locations: China, Hong Kong

☆ Cash in or lose out: Banks are turning to AI, cloud computing, and Web3 to gain competitive advantage and customer loyalty
▼ + stars: | 2023-09-05 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +11 min

AI and cloud tech are giving some banks an edge over competitors and enticing brand loyalty. Traditional banks that ignore this reality risk losing loyal customers to digital banks that have emerged over the past few years, research suggests. Digital transformation is a must for banksWith online banking now the norm, digital transformation is no longer optional for banks. Legacy banking systems were not designed to provide the banking experience that people expect today," she said. As a result, banking customers and employees can view transactions in real time and deliver "a more seamless and personalized experience" for all stakeholders, she added.

Persons: Banks, Victoria Newton, Newton, Laura Merling, Merling, Jay Venkateswaran, WNS, Eno, Goldman Sachs, Nigel Vaz, Publicis, Publicis Sapient Nigel Vaz, Venkateswaran, Vaz, James Whybrow Organizations: Service, Starling Bank, Arvest Bank, Banking, Capital One, Microsoft, Bank of America, Amazon Web Services, Google, Economist Intelligence Unit, Arvest, Software AG, Software Locations: Wall, Silicon, It's, Starling, WNS, Morgan

☆ This pitmaster is keeping his family’s 89-year-old BBQ restaurant alive—it brought in $1.5 million last year
▼ + stars: | 2023-08-31 | by ( Ashton Jackson | ) www.cnbc.com time to read: +5 min

McCray's Backyard BBQ and Seafood is serving up ribs with a side of rich history — and now CEO and pitmaster Derrick McCray wants to take the mom-and-pop restaurant nationwide. "Uncle Jay brought my father up in the barbecue business and made him a barbecue extraordinaire," he tells CNBC Make It. And he was pretty much the only black restaurant business in his area during that time." Declared the "war on drugs" by President Nixon in 1971, the epidemic hurt the health and profitability of McCray's Backyard BBQ and Seafood. It was a major wake-up call for McCray, and ultimately led him back home to take over the BBQ business.

Persons: pitmaster Derrick McCray, McCray, Jay Harvey, Uncle Jay, Jesse Jackson, James Brown, Isaac Hayes, Nixon, FAMU, everything's, Uncle Harvey Organizations: CNBC, Klan, Florida, Mechanical University, Dixie, United States Football League, Super Bowl Locations: Palm Beach , Florida, South Florida, Winn, Dallas , Texas

☆ Emerging tech, from AI to extended reality, is radically reshaping today's business world — and leaders who don't get on board ASAP will be left in the dust
▼ + stars: | 2023-08-21 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +14 min

As technology shapes customer habits, entire industries, and society at large, digital transformation has become a critical priority for every company. A February report from Deloitte found effective digital transformation initiatives could increase market capitalization by a staggering $1.25 trillion. From artificial intelligence to extended reality, a variety of technologies are shaping digital transformation strategies. He said he expected industries with "significant human implications," such as healthcare and space exploration, to benefit the most from digital transformation. Extended reality — a combination of virtual reality, augmented reality, and mixed reality often called "XR" — is another technology that could revolutionize organizational cultures.

Persons: Nigel Vaz, Publicis, It's, Vaz, Jean Pelletier, Pelletier, Schneider, Beth Johnson, Johnson, Tom Fairbairn, Tom Fairbairn Fairbairn, Duncan Roberts, Roberts Organizations: Technology, Morning, Deloitte, Netflix, Schneider, Schneider Electric, Citizens Bank, Amazon Prime, Amazon Web Services, Company, Imperial College London Locations: Cognizant

☆ Maslow’s hierarchy of needs: Examples and explanation
▼ + stars: | 2023-08-15 | by ( Aj Willingham | ) edition.cnn.com time to read: +8 min

What is Maslow’s hierarchy of needs? “Human needs arrange themselves in hierarchies of pre-potency,” Maslow wrote in the 1943 paper “A Theory of Human Needs,” which first described the model. Level 2: Safety needsWith basic needs fulfilled, the next level of needs moves to safety. Examples of Maslow’s hierarchy of needsAside from its psychological application, countless disciplines have found Maslow’s model to be a useful teaching tool. Common challenges to Maslow’s model argue that it is too arbitrary, or that humans needs exist more as a cascading spectrum.

Persons: Abraham Maslow, Maslow, ” Maslow, “, —, aren’t, wasn’t, isn’t, Scott Barry Kaufman, mindbodygreen, “ Maslow, Charlie Huntingon, ” Organizations: CNN, YWCA, Berkeley

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