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☆ A four-day work week could be coming as AI proliferates — and these companies could capitalize
▼ + stars: | 2024-04-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Hedge fund manager and New York Mets baseball team owner Steven Cohen has already begun to invest in a four-day work week. Cohen isn't alone in forecasting a four-day work week. Jefferies thinks artificial intelligence will make workers more efficient and eventually lead to a four-day work week becoming the norm, according to a note from June 2023. Bank of America also expects the changing post-pandemic work landscape may result in a shorter work week. Opposition to change Opponents to a shorter work week, however, argue that such a change is both politically and economically unfeasible.

Persons: Steven Cohen, " Cohen, Cohen isn't, Jefferies, Henry Ford, Ford, Christian Magoon, Cohen, Magoon, It's, David Bahnsen, Bahnsen, I'm Organizations: New York Mets, CNBC, Bank of America, Economic, COVID, Cloud Technology ETF, IVES, Ionos, Broadcom, Cisco Systems, General Dynamics Locations: France, U.S, Nice

Rock wall No obvious fender system Island Barrier Fender No obvious fender system Rock wall Island Barrier FenderHow Fenders Might Have Protected Against Bridge CollapseThe Francis Scott Key Bridge did not have an obvious fender system, or protective barriers, to redirect or prevent a ship from crashing into the bridge piers. Francis Scott Key Bridge Patapsco River Pier No obvious fender system Francis Scott Key Bridge Patapsco River Pier No obvious fender system The New York Times; aerial image via NearmapEngineers point out that some other bridges have more robust barriers. The Verrazzano-Narrows Bridge in New York City has rock walls surrounding its piers. Verrazano-Narrows Bridge New York Harbor Pier Rock wall STATEN ISLAND Verrazano-Narrows Bridge Pier New York Harbor STATEN ISLAND Rock wall The New York Times; aerial image via Vexcel ImagingIsland barriers were installed around the Sunshine Skyway Bridge piers in Tampa Bay, Fla., after a ship crash caused the span’s collapse in 1980. Sunshine Skyway Bridge Tampa Bay Pier Island barrier Sunshine Skyway Bridge Tampa Bay Pier Island barrier The New York Times; aerial image via Vexcel ImagingEven smaller bridges like this one near Cape May, N.J., have fenders.

Persons: Francis Scott Key Organizations: New York Times, Nearmap Engineers, Sunshine, Sunshine Skyway, Creative Composites, Times Locations: New York City, York, Pier, STATEN, Tampa Bay, Fla, Tampa, Cape May, N.J, county

☆ China's real estate slump is about to get worse
▼ + stars: | 2024-03-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Capital Economics said the "unavoidable structural decline" in China's property sector has only just begun. AdvertisementSeveral years in and China's prolonged real estate slump has been well-documented, but the landscape may be about to deteriorate further as construction enters a deeper correction, Capital Economics said in a note Wednesday. AdvertisementResidential real estate activity in China Capital Economics, CEICSizable infrastructure support has prevented construction from falling as much as anticipated. As Capital Economics highlights, real estate construction remains an opaque measurement in China. In Capital Economics' view, Beijing will drag it out longer so that it doesn't fully materialize until 2030.

Persons: — Organizations: Service, Economics, China Capital Economics, Capital Economics, Capital Locations: China's, Beijing, China

☆ Gen Z is getting married. Together with Millennials, they’re putting their own spin on weddings
▼ + stars: | 2024-02-27 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +8 min

As the oldest GenZers reach marrying age in their mid-20s, they’re increasingly putting their own spin on nuptials, which includes letting go of some antiquated traditions. The Knot, a top wedding planning and wedding vendor marketplace, surveyed more than 9,000 couples in the US who either took the plunge last year, or are planning to in 2024, to understand evolving approaches that couples are taking to wedding planning. In terms of the total cost of the wedding, couples said they spent an average of $35,000 on their ceremony and reception in 2023, up from an average of $30,000 the prior year, according to The Knot. “Millennials and Gen Z are getting very creative in making these celebrations their own in new and interesting ways,” Chi said. Candles instead of flowers on the tables added elegance and also helped control costs, Dylan said.

Persons: New York CNN —, they’re, Gen, ”, Tim Chi, Ed Sheeran’s, Elvis Presley’s, “, ” Osama Zayed, Ingrid, Helen H, Richardson, Elvis ’, ” Chi, RSVPs, “ Millennials, Caitlin, Dylan Spain, ” Caitlin, “ Dylan, ” Dylan, Dylan, Haley Richter, Caitlin didn’t, Edwin Torres, DeSantiago, Ricardo DeSantiago, Torres, Edwin, ” Edwin Torres, Maria Argueta, ” Edward, Edward, Harry Potter, ” chimed Ricardo Organizations: New, New York CNN, CNN, City, MediaNews, Denver Post, Central America, Mill City Museum, Historic Locations: New York, Denver , Colorado, Sea Isle City , New Jersey, Sea Isle City, Cape, Central, Minnesota, Mill, Minneapolis

☆ Is electric vehicle ownership bipartisan?
▼ + stars: | 2024-02-21 | by ( Alex | Leeds Matthews | ) edition.cnn.com time to read: +6 min

The data doesn’t include each voter with an electric vehicle, but it does offer some insight into political attitudes among consumers. Currently, the most widely available electric vehicles options are luxury brands, while mainstream consumers have more limited options. “We’re also seeing that things are really changing over time… That speaks to the fact that the economic and pollution benefits of electric vehicles don’t obey political boundaries.”Still, public opinion research suggests interest in electric vehicles has some partisan roots, even if the landscape may be changing. A 2023 Gallup poll found that 71% of Republicans would not consider buying an electric vehicle, compared with 17% of Democrats. More than one-third of electric and plug-in hybrid electric vehicles were registered in California, according to data from the US Department of Energy in 2022.

Persons: ”, David Kieve, Donald Trump, “, Stewart Stropp, Brett Williams, ” Williams, “ We’re, Kentucky —, Joe Biden, Williams, ” Kieve, Biden Organizations: Environmental Defense Fund, Republicans, Environmental Defense, Gallup, JD, Center for Sustainable Energy, Pew, Republican, Trump, US Department of Energy, EDF Locations: California, North Dakota, Kentucky

Lower courts used the decision to uphold a 2020 National Marine Fisheries Service rule that herring fishermen pay for monitors who track their fish intake. A group of commercial fishermen appealed the decision to the Supreme Court. They lost in the lower courts, which relied on the Chevron decision to sustain the regulation. The Supreme Court itself hasn't invoked the Chevron decision since Trump's justices began arriving on the court in 2017, the first year of the Republican's administration. ___Follow the AP's coverage of the U.S. Supreme Court at https://apnews.com/hub/us-supreme-court.

Persons: Donald Trump, ”, Mark Chenoweth, Koch, it’s “, David Doniger, Doniger, — Clarence Thomas, Samuel Alito, Neil Gorsuch, Brett Kavanaugh —, Ryan Mulvey, “, Leif Axelsson, Axelsson, he’d, John Paul Stevens, ” Stevens, Sandra Day O'Connor, hasn't, Paul Clement, ” Clement Organizations: WASHINGTON, — Business, Marine Fisheries Service, Supreme, Chevron, New Civil Liberties Alliance, Natural Resources Defense, American Cancer Society, ”, Trump, Action Institute, Fishermen, U.S Locations: Rhode Island, Cape May , New Jersey, Coast, Cape

☆ Economic Outlook: Will 2024 Be Better?
▼ + stars: | 2023-11-09 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic Outlook: Will 2024 Be Better? As we begin to close out a year dominated by historic inflation and interest rate hikes, the question on everyone's mind is when will things get better? CNBC's Sharon Epperson asks The Conference Board Chief Economist Dana Peterson to look ahead to 2024 and examine what the economic landscape may resemble, and what that means for your money.

Persons: Sharon Epperson, Dana Peterson Organizations: Conference Board

☆ Here’s Why You Should Visit Cape May in the Fall
▼ + stars: | 2023-10-31 | by ( Adam Erace | Photographs Matt Genovese For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Situated at the southern tip of New Jersey where Delaware Bay collides with the Atlantic Ocean, Cape May and its neighbor, the Wildwoods, are known for the migration of Philadelphians who come in droves every summer. But year-round residents call the golden period after Labor Day Locals’ Summer, when fried lifeguards, bartenders and boat captains reclaim their bars and beaches and repair their ruined nerves.

Organizations: Labor, Locals Locations: New Jersey, Delaware

Skinner is running for reelection to the City Council of Johns Creek, an Atlanta suburb of about 85,000. In 2020, they were pivotal in Democrat Joe Biden's close victory over Trump, the Republican incumbent, in the president election. “President Trump is obviously divisive,” said Skinner in a interview, insisting the endorsement “was about the veterans” rather than Trump himself. I don’t want to become Atlanta,” said Kramer, the Johns Creek Republican. Johns Creek is about 52% non-Hispanic white.

Persons: Stacy Skinner, “, Donald Trump, Skinner, ”, Devon Dabney, Betsy Kramer, “ I'm, ” Kramer, “ I’m, Democrat Joe Biden's, Brad Raffensperger, Brian Kemp, Trump, It’s, Sarah Reckhow, Dabney, ” Dabney, Johns, Kramer, I’m, Jason Miller, ” Miller, Allen Sells, “ I’ve, Miller, Sells, Bridget Thorne, She’s Organizations: Veterans, Trump, Republicans, City Council, Republican, Democrat, Republican Party, Georgia, Raffensperger, Michigan State University, Democratic, Civil Rights Movement, Johns, . Census, City Locations: China, Mexico, Johns Creek, Atlanta, Fulton County, Fulton, Georgia's, lockstep, Washington, Georgia, U.S, America, Johns, Black, Boston, ”, Roswell, “

☆ Jersey Shore in the Summer? Forget About It. Why Fall Is the Best Time to Visit Cape May
▼ + stars: | 2023-10-12 | by ( Adam Erace | Photographs Matt Genovese For The Wall Street Journal | ) www.wsj.com time to read: 1 min

LYNN POLLARD peered through lilac-framed glasses and a Nikon scope, searching for raptors in the South Cape May Meadows preserve. Birds of prey make up the final contingent of the annual avian migration here: In the early fall, ospreys, hawks and eagles swoop in, screeching and hungry. Insects, crustaceans, bayberries and beach plums await the roughly one million birds that rest here before continuing south.

Persons: LYNN POLLARD Organizations: Nikon, ospreys Locations: South, Meadows

☆ Opinion | Clean Energy’s Fate May Be Decided on the Jersey Shore
▼ + stars: | 2023-09-05 | by ( Elizabeth A. Cerceo | ) www.nytimes.com time to read: +1 min

Over the past few months, hundreds of Jersey Shore residents have staged demonstrations opposing Ocean Wind 1, an offshore wind farm being developed by a subsidiary of Orsted, a Danish company. Some have painted these anti-wind crusaders as Jersey Shore versions of the Cape Cod residents fighting to preserve the view from their multimillion-dollar homes. New wind turbines, solar panels and other clean energy infrastructure are being built before our eyes, and in some cases in our hometowns. Oil and gas companies, which have a lot to lose, have exploited this feeling to great effect. Other groups fighting wind projects say they want to protect whales but are funded by oil interests.

Persons: Caesar Rodney Organizations: Cape Locations: Cape May, Jersey Shore, Orsted, Danish, Atlantic City, New Jersey, Jersey, America, Our Coast NJ

☆ ‘Birds Are My Eyesight’
▼ + stars: | 2023-08-03 | by ( Alexandra Marvar | ) www.nytimes.com time to read: +14 min

‘Birds Are My Eyesight’ For some blind birders, avian soundscapes are a way to map the world around them. Cheer up, cheer, cheer. Pretty, pretty, pretty, pretty.” Northern Cardinal Watch here! Pretty, pretty, pretty, pretty, pretty, pretty, pretty, pretty. To some, the Northern cardinal sounds like it’s saying “pretty, pretty, pretty.” Audubon Vermont compares its call to a Star Wars light saber.

Persons: Susan Glass, ”, “, Michael Hurben Ms, Glass, martin, lockdowns, Sarah Courchesne, Courchesne, Freya McGregor, birdsong, Jim Wilson, cheerily, Robin Cheer, Jerry Berrier, Berrier, Berrier's, Kayana, Berrier’s, ’, Jerry Berrier Mr, that’s, ” Mr, ‘, ’ ”, I’ve, ” Trevor Attenberg, Mr, Attenberg, Hurben, —, Michael Hurben, Claire Strohmeyer, piha, trekked, Werner Herzog’s, “ Aguirre, I’ll Organizations: West Valley Community College, Massachusetts Audubon, New York Times, Audubon Society, New Haven Birding Club, ”, “, The New York Times, Baltimore oriole, Indiana University of Pennsylvania, Cornell University, Watch, Audubon, Star, Ornithologists Locations: Saratoga , Calif, Pittsburgh, Erie, Michigan, Massachusetts, Newburyport, Cape Cod, Colombian, Ipswich, Malden , Mass, Audubon Vermont, Portland ,, Mexican, U.S, California, Bloomington, Minn, Cape, N.J, Brazil

☆ Inside China's spy war on American corporations
▼ + stars: | 2023-06-21 | by ( Eamon Javers | ) www.cnbc.com time to read: +6 min

Top intelligence and law enforcement officials in Washington are issuing a stark warning to American companies: The Chinese government wants to replace you. Asked whether the Chinese government wants to compete with or eliminate American companies, FBI Director Christopher Wray told CNBC: "Well, their definition of competing, I think, involves embracing the idea of eliminating." The paid-in foreign investment reached 127.69 billion yuan, up 14.5% year on year. Foreign companies including US investors have been upbeat about the China market and plan to expand in China. Former GE engineer David Zheng and GE Aerospace also declined to comment.

Persons: Christopher Wray, Sen, Marco Rubio, Rubio, Mark Warner, …, Warner, Xu Yanjun, Xu, James Olson, Xu Yanjun's, David Zheng, – CNBC's Katherine Liu, Bria Cousins, Laura Measher, Wally Griffith Organizations: CNBC, American, Democrat, World Trade, Ministry of State Security, GE, Boeing, Honeywell, GE Aviation, FBI, CIA, American Chamber of Commerce, Business Environment, US Department of Commerce, GE Aerospace Locations: Washington, America, U.S, China, Nanjing, Cincinnati, South China, reinvest

☆ 'When we meet again, may we all be carefree': Read the outgoing Alibaba CEO's memo to staff
▼ + stars: | 2023-06-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Read the full memo Zhang sent to Alibaba employees:My fellow Aliren,Since becoming CEO of Alibaba Group in May 2015, it has become my custom to send several letters to everyone every year. In turn, the Alibaba board of directors has appointed Joseph C. Tsai to succeed me as Chairman and Eddie Yongming Wu to succeed me as Chief Executive Officer. Time flies, and this year marks my 16th year at Alibaba Group. My appointment as CEO and Chairman of Alibaba Group was beyond my imagination. Daniel ZhangAlibaba Group Chairman and CEOAlibaba Cloud Intelligence Group Chairman and CEO2023.6.20

Persons: Zhang, Alibaba, Joseph C, Tsai, Eddie Yongming Wu, Joe, Eddie, hopefuly, Daniel Zhang Alibaba, 2023.6.20 Organizations: CNBC, Alibaba Group, Cloud Intelligence, Cainiao Smart Logistics, Cloud Intelligence Group, Alibaba Locations: Alibaba

The son of a sea captain, Erdogan has faced stiff political headwinds ahead of Sunday's election: he was already facing blame over an economic crisis when a devastating earthquake hit in February. Critics accused his government of a slow response and lax enforcement of building rules, failures they said could have cost lives. Two days before the vote, Erdogan said he came to office through the ballot boxes and if he had to, would leave the same way. A veteran of more than a dozen election victories, the 69-year-old Erdogan has taken aim at his critics in typically combative fashion. "I swear, Erdogan can solve it with a flick of his wrist," she said at a market in central Istanbul.

☆ One woman described how she almost drowned snorkeling in a full-face mask. Here's why they could be dangerous.
▼ + stars: | 2023-04-29 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +5 min

Full-face snorkel masks have been a subject of debate amongst the scientific community. The fit, healthy 59-year-old had snorkeled before, but this was the first time she'd used a full-face mask. While it may sound like a freak accident, Standley's narrow escape may indicate a more serious issue involving full-face snorkel masks. British woman Angela Kearn, 63, died while snorkeling in the Red Sea in Egypt after she used a full-face mask from a Decathlon sporting goods store. But Caroline Topping, the coroner, also wrote: "The use of a full face snorkel mask contributed to the death in two ways."

The determination is intact," European Central Bank President Christine Lagarde said in remarks after the policy decision. "There is no tradeoff between price stability and financial stability ... we are addressing the price stability issue by raising the interest rate by 50 basis points ... Beyond the rate increase, the Fed will also be debating changes to its policy statement that could prove consequential. In crafting their next policy statement officials will have to decide, for example, whether to continue to anticipate the need for "ongoing increases" in the policy interest rate, or to temper that seemingly open-ended commitment with language that indicates rate hikes could pause at any moment, given the new risks. They will also be issuing new economic and interest rate projections that could add a further dose of caution.

☆ How the market has changed in the 20+ years I’ve covered it
▼ + stars: | 2023-03-03 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Eastman Kodak (KODK) was a Dow stock. I’ve written about B2B (aka business-to-business) software companies, cloud computing firms, IPOs and SPACs, and cannabis/pot stocks. There have been more flavors of the month in the stock market during my CNN career than at your local Baskin-Robbins. It’s fine to have a lot of your money in S&P 500 ETFs and other funds that will track the broader market. “We still continue to believe that over long periods of time, stocks provide a reasonable hedge against inflation,” Patterson said.

☆ My family of 4 spent $600 a night at Disney's Beach Club Resort, and it's one of our favorite hotels
▼ + stars: | 2023-01-28 | by ( Kari Becker | ) www.businessinsider.com time to read: +8 min

My family of four stayed in a club-level suite at Disney's Beach Club Resort for $600. Themed after a New England-style beach resort, it's located in the Epcot area around Crescent Lake, our favorite resort area to stay in. Here's a look at our recent stay in a club-level suite and why Beach Club has become a top pick for my family. Beach Club is a great resort for groups of all sizesWe'll definitely be returning to Beach Club. After this trip, it's fair to say that Beach Club is one of my family's favorite hotels.

☆ Here's why the real-estate market will continue to struggle over the next 6 months, with existing home sales mired in their worst slump since 2007, according to a director at the National Association
▼ + stars: | 2022-09-27 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

The US housing market is firmly in a recession as existing home sales keep sliding. Nadia Evangelou of the National Association of Realtors shared what's next for the housing market. The trajectory of the housing market is heavily dependent on mortgage rates, Evangelou noted. But that's no guarantee as the Federal Reserve's interest rate-hiking cycle affects US Treasuries, which in turn sway mortgage rates, she said. So for that reason, we think that mortgage rates usually are pricing some of these upcoming rate hikes."

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