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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

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

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy so many U.S. cities are in financial troubleSpending cuts are occurring across many U.S. cities as inflation lingers and pandemic-era stimulus dries up. At least 53 major cities have debt obligations that outstrip assets, according to an estimate from Truth in Accounting. The nonprofit group estimates higher debt burdens than many public officials acknowledge because of allegedly underreported retiree benefits. The rising public debt may potentially leave future generations on the financial hook for decisions made by today's leaders.

Organizations: today's Locations: U.S

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

☆ A key service helping convicted US veterans recover remains dysfunctional for everyone else, but there's a fix
▼ + stars: | 2024-04-20 | by ( Ella Sherman | ) www.businessinsider.com time to read: +11 min

Veteran treatment courts, which prioritize rehabilitation for convicted veterans, provide comprehensive care, but the public version of these courts fail to deliver comparable support. Landing in a treatment courtAs of 2022, there were over 4,153 adult drug courts and 511 veteran treatment courts in the United States. There are numerous ways a person who has been convicted can enter a drug treatment court. Many adult drug treatment courts are unable to admit violent offenders due to the BJA prohibition. He describes his veteran treatment court experience as going through an "intense supervised probation" that gradually lessened.

Persons: —, Christopher Deutsch, Deutsch, there's, Christina Lanier, John Pendygraft, Pool Lanier, they're, Lanier, Ed Kubo, Michael Peacock, Kristen Wong Deutsch, Hondo Underwood, Underwood, BI's Ju Shardlow, Jack Milton Organizations: Service, Business, Court, Center, Criminal, AP, UNC Wilmington, Army, Treatment, Supreme Court, Marine Corps, Justice, Harbor, Veterans Affairs, Portland Press, Getty Locations: Clearwater , Florida, Raleigh, North Carolina's, Wilmington, United States, Hawaii, Colorado

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhere a $100,000 salary still buys the American DreamMore than half (52%) of Americans say they would need at least $100,000 a year to be financially comfortable, according to the August 2023 CNBC Your Money Survey. It's becoming increasingly more difficult to achieve the American Dream, especially as younger generations are beginning their adulthood with thousands of dollars in student loans. Watch the video above to learn more about how much it costs to achieve the American Dream.

Organizations: Survey

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how cruise leaders made their comebackRoyal Caribbean's stock price reached an all-time high in April of 2024 as the company spearheads the cruise industry's epic return. The three industry titans – Carnival, Royal Caribbean and Norwegian – kicked off 2024 with booking at an all time high. Find out how the three companies made their return and why investors are eager about them again.

Persons: Norwegian – Organizations: Royal Locations: Royal Caribbean, Norwegian

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCan Kraft Heinz manage a comeback? Food titan Kraft Heinz is still reeling from past mistakes stemming from its 2015 mega-merger as it seeks to transform itself into a stronger company. The packaged food conglomerate took down a lot of loses in 2019 forcing it to pivot, but has it course corrected enough to adapt to changing consumer tastes, high inflationary times and private labels?

Persons: Kraft Heinz

☆ Was Jesus a man of color? Why this question matters more than ever
▼ + stars: | 2024-03-31 | by ( John Blake | ) edition.cnn.com time to read: +17 min

But the question over the color of Jesus’ skin is a serious one this Easter, for two reasons. But there are some who say Jesus’ color should stay the same, or that it doesn’t matter at all. He concedes that there are barriers to worshipping a White Jesus that he, a White man, may not understand. Jesus didn’t simply care about the poor, he was poor.”Cleveland tells CNN that people who say Jesus’ color wasn’t important ignore history. She says the experience taught her how much White Christian nationalism and the White Jesus have merged.

Persons: CNN — Christena Cleveland, Thomas ”, Jesus, —, Cleveland, Thor, ”, Jesus didn’t, Megyn Kelly, “, Trump, Donald Trump, Al Drago, Gentile, Warner, he’s, Sallman, Edward J, Blum, Jesus Christ, Mario Tama, Christina L, Barr, ” Barr, he’d, coon, ” Antony Pinol, Pinol, God, Jesus doesn’t, ” Pino, Jeff Hutchens, Albert Cleage, George Floyd, Black, Dante Stewart, ” “, ” Stewart, James Cone, Toni Morrison, White, ‘ ’ Blum, MAGA, White MAGA Jesus, Paul Weaver, Drew Angerer, Jesus ’, Frederick Buechner, John Blake Organizations: CNN, Cleveland, TSA, Fox News, Bloomberg, Getty, CARE, New York Times, Christ, America, Communist Party, Warner, Republican Party, Black Tea News, Pennsylvania State Capitol, Christianity Locations: Cleveland, Hollywood, barbershops, Santa Claus, America, White, Avoca , Pennsylvania, Israel, Port, Prince, Haiti, Africa, Dillon , South Carolina, Asia, Southern, Eastern Europe, Rome, Harrisburg , Pennsylvania, Gaza, New York City

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why tire companies love EVsThe tire business is a business of low growth, low margins and extreme competition. Tire makers are at the mercy of of raw material prices. And about half of customers are largely indifferent to the brand of tires they buy. But industry analysts say EVs provide tire makers with the biggest growth opportunity they have seen in decades. AlixPartners estimates that tires on EVs require 20 percent more frequent replacement and can cost 50 percent more.

Persons: Price

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow American fast food companies won over FranceAmerican fast-food companies are doubling up on the French market as the country's appetite for brands like McDonald's, Five Guys, KFC and Burger King has grown rapidly in the past decade. Between 2013-2023, fast food sales increased 61%, bringing in 19 billion euros in 2023 alone. The multi-cultural French consumer base is increasing drawn to the more convenient and cheap food options. Krispy Kreme and Popeyes are the latest chains to move in, but many others are eyeing expansions, too.

Organizations: France American, KFC, Burger

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow California became a hot spot for expensive gas pricesCalifornia is home to some of the highest gas prices in the United States, according to AAA. High taxes are partly to blame since the Golden State has the highest gasoline taxes in the nation, according to the U.S. Energy Information Administration. But, there's more to the story. Watch the video above to learn more about what is driving gas prices higher and how drivers can save money.

Organizations: AAA, Golden State, U.S . Energy Information Administration Locations: California, United States

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how Hyundai became the third-largest automakerHyundai Motor Group is the third-largest automaker in the world by volume. In the 90s, it suffered low sales and a poor reputation. Now its three auto brands — Hyundai, Kia and Genesis — are some of the top-selling cars and winning awards for great quality and performance. While Tesla dominates EV sales, Hyundai and Kia are close behind. But the company has faced setbacks: a plague of thefts, millions of vehicles at risk of catching fire, a looming union push and a snub from the U.S. government.

Organizations: Hyundai, Hyundai Motor, Kia, EV, U.S .

Fran Horowitz, Abercrombie & Fitch CEO: The future of retail is small, efficient, omni stores, and they're located where the customer tells us. I get really, really excited about what this means in the operations of the business, using predictive analytics to help us forecast demand. They're worldwide, a zillion stores, and their operations and execution, aside from their merchandising, I think they're always on top of the game. I think you're going to see an interaction with someone in a setting that doesn't look like retail, but looks like a fantastic experience. Nicholas of Sam's Club: Another retail standard that is really going to be important beyond the customer is energy.

Persons: Christina Locopo, Fran Horowitz, Abercrombie, Patrick MacLeod, WWD, Michelle Gass, Levi Strauss, they're, Jens Grede, Geoffroy van Raemdonck, Neiman Marcus, there'll, Trina, Patrick T, Fallon, Chris Nicholas, Kara Trent, Levi's Gass, Tom Ward, Erin Black, CNBC Abercrombie's Horowitz, Marc Lore, Mickey Drexler, TikTok, Adam Jeffery, Dave Kimbell, It's, Scott Mlyn, CNBC Neiman's van, you've, Yael Cosset, —, Ulta's, Arturo Holmes, Trent, That's, we've, Kroger's, Abercrombie's Horowitz, I've, Dia Dipasupil, Neiman's van, who's, Lulu, Drexler, Armour's, Dior, Louis Vuitton, Hermes, Armour Levi's Gass, Emma Grede, Kardashian, Kim, Geoffroy van Raemdonck Patrick Mckleod, Nicholas of Organizations: CNBC, Abercrombie, Fitch, Abercrombie & Fitch Co, Penske Media, Getty, Milken Institute Global Conference, AFP, Sam's, Technology, Walmart U.S, Walmart, New York Times, Navy, WWD, Young, Nike, TJX, Zara, Armour's Trent, Americas, Nicholas of Sam's, Sam's Club Locations: they're, Beverly Hills , California, New York City, America, New York, U.S, Skims, Inditex, Kara, Walmart's

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCar ownership is getting more expensive due to rising repair costsAuto repair costs have been rising for years. Experts say it's likely a mix of factors: heavier, faster and more complex vehicles, riskier driving behavior, new technology and labor and supply shortages. Repair shop owners say they can't find enough technicians despite paying six-figure salaries. As technology marches on, and fancy cutting-edge EVs fill roads, consumers hear horror stories about huge repair bills. But insiders say there's reason to be optimistic.

Organizations: Auto

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow RealPage influences rent prices across the U.S.RealPage software is used to set rental prices on 4.5 million housing units in the U.S. A series of lawsuits allege that a group of landlords are sharing sensitive data with RealPage, which then artificially inflates rents. The complaints surface as housing supply in the U.S. lags demand. Some of the defendant landlords report high occupancy within their buildings, alongside strong jobs growth in their operating regions and slow home construction.

Locations: U.S ., U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy getting a job feels so difficult right nowThe job market looks solid on paper. In 2023, U.S. employers added 2.7 million people to the payroll, according to the Bureau of Labor Statistics. But it's a different story for active job seekers. A staffing firm Insight Global found that recently unemployed full-time workers applied to an average of 30 jobs, only to receive an average of four callbacks or responses. So why does it feel so hard to get a job right now and is the U.S. labor market as strong as it seems?

Organizations: Bureau of Labor Statistics, Insight Global Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe evolution of Apple's iPhone and how it changed the worldApple's iPhone was first announced by Steve Jobs in January 2007. Today, research by Demand Sage shows that the company has over 1.5 billion active users. The 2008 launch of the App Store was a pivotal turning moment for the company and now Apple has surpassed Samsung as the world's leader of smartphones for the first time.

Persons: Steve Jobs Organizations: Demand Sage, Apple, Samsung

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Amazon is breaking into car sales with HyundaiAmazon is piloting a program to allow dealers to sell cars through Amazon's website. The plan is to ultimately offer Amazon customers the same experience they have buying just about everything else. The program will begin with Hyundai vehicles but will open to other brands before the end of 2024. But selling cars online poses challenges - such as valuing trade-ins and complying with regulations. Among dealers, the project has inspired enthusiasm, skepticism and fear.

Organizations: Hyundai Amazon, Hyundai

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe business of timesharesMore than 10 million U.S. households own a timeshare, and the average sale price and annual maintenance fee was about $24,000 and $1,200, respectively, in 2022. Companies that dominate the $10.5 billion-a-year industry are Wyndham Destinations, Marriott Vacations Worldwide, Hilton Grand Vacations and Westgate Resorts. But the Better Business Bureau has received about 3,000 complaints for the three largest public companies since 2021, and one study found that 85% of owners regret their purchase.

Organizations: Companies, Wyndham, Marriott, Hilton, Westgate Resorts

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside Denver International Airport — United Airlines' fastest-growing hubWhile airline stocks have not recovered to pre-pandemic levels, passengers have returned in record-breaking numbers. The year 2023 was Denver International Airport's busiest on record, with an estimated 78 million passengers. United Airlines is Denver's biggest operator. It recently invested nearly $1 billion in Denver to add more gates, flights and destinations, and opened the largest lounge in its network. The airline wants to grow to 650 flights a day before 2030.

Organizations: Airport, United Airlines, Denver International, CNBC, Denver Locations: Denver

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why the U.S., China, India, Japan and others are rushing back to the moonTo date, only five nations, the U.S.,Russia, China, Japan and India, have completed a successful soft landing on the moon. But bolstered by evidence of the presence of water and other natural resources, many more nations and private companies are now seeking to get to the moon. And whoever is able to establish a significant lunar presence first could have big implications on Earth as well as the cosmos.

Locations: U.S, China, India, Japan, Russia

☆ Everything we know about 'Crescent City' author Sarah J. Maas' next fantasy books
▼ + stars: | 2024-01-10 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +8 min

Sarah J. Maas is releasing the third installment of the "Crescent City" series in January. This article contains spoilers for Sarah J. Maas' books. Her next release will continue the "Crescent City" series, though "A Court of Thorns and Roses" will have more installments too. BloomsburyThe "Crescent City" books follow Bryce Quinlan, a half-fae living on the planet of Midgard. However, she refused to confirm whether mates are the same in "Crescent City" as they are in the "ACOTAR" world.

Persons: Sarah J, Maas, —, Bryce Quinlan, Bryce, Rhysand, Rhys, Bryce's, Hunt Athalar, Ruhn, Hunt, Christina Lauren, Christina Hobbs, Lauren Billings, Danika Fendyr, Connor Holstrom, Katie Fraser, Noble, Ember Quinlan, Randall Silago, Danika, Lidia Cervos, Azriel, Eva Chen, Elain Archeron, Archeron, Cassian, Lucien Vanserra, It's, Galathynius, Feyre, Katherine Webber Organizations: Service, Court, The, Barnes, Walmart, Bloomsbury, Silver Flames, Crescent City Locations: Crescent, Prythian, Midgard, Nesta, United States, Ruhn, Billings, Hobbs, Kingdom

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe business behind budget airlines like Ryanair and SpiritThe low-cost business model was first implemented by Pacific Southwest Airlines in 1949 and perfected by Southwest Airlines in the early 1970s. Today, low-cost carriers like Ryanair in Europe and Spirit Airlines in the U.S. make up almost a third of all global airline capacity. These airlines use several strategies to keep costs down including limiting their amenities to the bare minimum and charge for add-ons such as seat selection, food and luggage.

Organizations: Ryanair, Pacific Southwest Airlines, Southwest Airlines, Spirit Airlines Locations: Europe, U.S

☆ Chinstrap penguins take thousands of 4-second naps a day so they can stay alert and guard their newborns around-the-clock, researchers say
▼ + stars: | 2023-12-04 | by ( Christina Larson | Associated Press | ) www.businessinsider.com time to read: +4 min

Chinstrap penguins take catnaps instead sleeping for a long period of time, researchers found. Chinstrap penguins in Antarctica need to guard their eggs and chicks around-the-clock in crowded, noisy colonies. Chinstrap penguins, named for the thin line of black facial feathers resembling a chinstrap, usually lay their eggs in pebble nests in November. For the first time, the scientists tracked the sleeping behavior of chinstrap penguins in an Antarctic breeding colony by attaching sensors that measure brain waves. "For these penguins, microsleeps have some restorative functions — if not, they could not endure," he said.

Persons: —, Niels Rattenborg, Max Planck, Chinstrap, King, King George Island, Won Young Lee, Paul, Antoine Libourel, Daniel Paranhos Zitterbart Organizations: Service, WASHINGTON, Max, Max Planck Institute for Biological Intelligence, Korean Polar Research, Neuroscience Research, of Lyon, Penguins, Oceanographic, Associated Press Health, Science Department, Howard Hughes Medical Institute's Science, Educational Media Group, AP Locations: Germany, King George, Antarctica, France, Massachusetts

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