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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

☆ Steve Cohen says it's early to judge Mets season, sees making team a winner as a 'civic responsibility'
▼ + stars: | 2024-04-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The New York Mets and their revamped roster are languishing in this young baseball season, but owner Steve Cohen isn't panicking, not by a longshot. "It's only four games into the season right?" Cohen told CNBC's Andrew Ross Sorkin during an interview Wednesday on "Squawk Box" that touched on his thus-far winless team that he purchased in 2020. "Nobody wants to start zero and four, but you know, it's early. During the season, you're going to have losing streaks.

Persons: Steve Cohen isn't panicking, Cohen, CNBC's Andrew Ross Sorkin Organizations: New York Mets, Mets, National League East

What young investors wantRecent survey data indicates that Cohen isn't alone. And active young investors are willing to give up returns to see that goal through. Nearly a fifth of the Gen Z investors said they would accept returns between 9% and 11.8%, rather than the full 12% average return. The data comes as accountability measures and standards for ESG investing are hotly debated. "What we see with ESG investing is that it creates something that you can signal to other people."

Persons: Hannah Cohen, Cohen, Cohen isn't, X, Gen, boomers, Matthew Ivler, I'm, Ivler, Joe Biden, Julie O'Brien, O'Brien Organizations: Energy ETF, Global, Autonomous & Electric Vehicles ETF, U.S . Bank, Chevron, Edison International, Resources ETF, Stanford Graduate School of Business, Rock Center, Corporate Governance, Hoover Institution, U.S . Department of Labor, Republicans Locations: Washington

☆ How GameStop's Ryan Cohen became the 'meme king'
▼ + stars: | 2023-06-07 | by ( Amanda Winograd | ) www.cnbc.com time to read: +2 min

"I'm worried that when they see someone talking about how Ryan Cohen isn't god and their conspiracy theories aren't correct, they will see a target that needs to be taken down for the better good. And on this spectrum of delusion — because you must be delusional to believe in these conspiracy theories — there will be people on the extreme end of that delusion." The conspiracy theories Evan refers to can be traced to the beginning of the meme-stock movement in 2021 and to GameStop, the original meme stock. Prior to jumping into GameStop, Cohen had co-founded pet food retailer Chewy and then became an activist investor. Cohen "came across that he was on the side of retail investors," said Arfan, a Reddit user who invested in GameStop at the time.

Persons: Chewy, Ryan Cohen, Evan, I'm, Brandon, Cohen Organizations: GameStop, CNBC

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