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Aerial view of United Airlines passenger planes docked in a terminal of Newark Airport in Newark, New Jersey, on May 11, 2024. Major airlines and an industry trade association asked a federal appeals court to toss out a new Department of Transportation rule requiring earlier disclosure of add-on fees during flight booking. The Biden administration introduced the airline fee disclosure rule in September 2022. Airlines for America said in a statement to CNBC on Monday that the rule will "confuse consumers" and "complicate the buying process." "Airlines already provide consumers with complete disclosure of all fees associated with air travel before they purchase a ticket," the group said in the statement.
Persons: Biden, Joe Biden Organizations: United Airlines, Newark Airport, of Transportation, Airlines for America, JetBlue, United, , Fifth, Airlines, America, CNBC Locations: Newark, Newark , New Jersey, Alaska, American, Delta, U.S
Ford Motor on Friday named the former chief financial officer of electric vehicle startup Lucid to replace its current CFO, who is being promoted to more closely oversee the company's ongoing turnaround plan. The ex-Lucid executive, Sherry House, will join Ford first as finance vice president in early June. She's set to transition into the CFO role in early 2025, the company said in a press release. In the meantime, current CFO John Lawler will continue in his position while expanding his role to become vice chair. "Make no mistake, EVs are coming, EVs are part of the future," Lawler had told CNBC back in February.
Persons: John Lawler, Linda Zhang, Sherry House, She's, Lawler, Ford, Sherry, Jim Farley Organizations: New York Stock Exchange, Ford, CNBC, Lucid Motors, General Motors Locations: New York City , New York, U.S, Saudi Arabia
CAIRO/ANKARA (Reuters) -Turkish President Tayyip Erdogan made his first visit to Egypt since 2012 on Wednesday to meet President Abdel Fattah al-Sisi, taking a big step toward rebuilding ties between the regional powers. Erdogan has said discussions would focus on Israel's Gaza offensive. The visit caps diplomatic efforts in recent years to thaw the nations' frosty relations. They mutually appointed ambassadors last year, and this month Turkey said it would provide Egypt with armed drones. (Reporting by Nayera Abdallah and Tala Ramadan in Dubai, Ece Toksabay in Ankara, Writing by Jonathan Spicer; Editing by Andrew Heavens)Photos You Should See View All 22 Images
Persons: Tayyip Erdogan, Abdel Fattah al, Erdogan, Egypt's, Sisi, Mohamed Mursi, Nayera Abdallah, Tala, Jonathan Spicer, Andrew Heavens Organizations: Muslim, Ece Toksabay Locations: CAIRO, ANKARA, Egypt, Turkey, Israel, Gaza, Ankara, Cairo, Dubai
Gen Z will make up a larger portion of the U.S. workforce than Baby Boomers for the first time next year, according to a recent Glassdoor trend forecast report — and it's a big deal, says an economist. The looming change in demographics will have "pretty sweeping implications for what employers prioritize," Glassdoor chief economist Aaron Terrazas tells CNBC Make It. They are being replaced by very different people who prioritize different expectations around work." Gen Zers, aged 12 to 27 next year, are increasingly graduating school and joining the workforce. Eventually, Gen Z will overtake Gen X too — but it'll be "a long time before they overtake millennials," says Terrazas, because millennials outnumber all other generations in the United States so far.
Persons: Aaron Terrazas, Gen Zers, Gen, millennials Organizations: Baby Boomers, CNBC, Boomers Locations: United States
Few people want to be seen as a braggart, even less so in a job interview or quarter evaluation. But when you are vying for a coveted position or a long-awaited promotion, you can't just rely on other people to unearth your strengths and accomplishments on their own. The biggest challenge we face when trying to promote ourselves to others is in coming across as both competent and likable, Schweitzer says. Likewise, selling your own accomplishments without any due diligence to others will make you seem competent yet not likable. Instead, Schweitzer says to do both, in a method he and his research team call "dual promotion."
Persons: Maurice Schweitzer, Schweitzer Organizations: Wharton, CNBC
For Charlie Munger, living in a relatively modest house wasn't an accident — it was a conscious choice. Munger, the billionaire investor and longtime business partner to Warren Buffett, died on Tuesday at the age of 99. "[Buffett and I] are both smart enough to have watched our friends who got rich build these really fancy houses," Munger said. "[Buffett and I] both considered bigger and better houses," Munger said. Get CNBC's free Warren Buffett Guide to Investing, which distills the billionaire's No.
Persons: Charlie Munger, Munger, Warren Buffett, He'd, CNBC's Becky Quick, Buffett, Duke Organizations: Berkshire Locations: California, Westchester, Omaha , Nebraska
Did you try to be more authentic this year? Were you trying to figure out what "authentic" even means? Either way, you weren't alone: It's Merriam-Webster's word of the year for 2023, an annual recognition given to a word that dominates searches and lookup volume on the dictionary's website. It's an important distinction: Coming across as phony can be alienating, while conveying authenticity can help you amass popularity and inspire others, surveys show. Trying too hard to be natural or relatable often seems fake, Merriam-Webster's announcement noted: "Ironically, with 'authentic content creators' now recognized as the gold standard for building trust, 'authenticity' has become a performance."
Persons: It's Merriam, Rebecca Zucker, Herminia Ibarra, Ibarra Organizations: CNBC, Merriam, London School of
In the face of struggle, Massimino's colleagues shared with him key pieces of NASA wisdom, rules and sayings. Whether up in orbit or down on Earth, Massimino uses these three key pieces of NASA wisdom to make sure that his problem-solving process runs smoothly. Give yourself 30 seconds to feel badIt is normal to feel guilty when you make a mistake at work. When he makes a particularly frustrating mistake, Massimino tells CNBC Make It he employs the 30-second rule, a piece of NASA wisdom that he attributes to pilot Rick "CJ" Sturckow. But when the 30 seconds are up, he stops wallowing and concentrates on what's ahead.
Persons: Mike Massimino, Nat Geo, Gary Gershoff, George Clooney, Massimino's, Massimino, Rick, CJ, Sturckow, Robert, Hoot, Gibson, You've, you've Organizations: NEW, Nat, NASA, CNBC Locations: New York City, Columbia
A year and a half ago, he started spending some of his weekends producing music in what he calls the passive listening space — and quickly found "lo-fi" music production to be a "very easy" side hustle. When he and Bono collaborate on lo-fi tracks, they set a timer — just two minutes for writing, producing and naming each song. The alleviation of expectations that comes with lo-fi music production is "kind of therapeutic," Turner says, and the extra cash doesn't hurt. Here's how he built and manages his lo-fi music side hustle. Turner says he uses TuneCore, an online service that places your tracks on platforms like Spotify, Apple Music, YouTube and TikTok.
Persons: you've, Michael Turner's, Turner, Mike Bono — he's, Bono, they've, Taylor Swift Organizations: CNBC, Spotify, Apple, Apple Music, YouTube
Defence Minister Yasar Guler said last week that Turkey was in talks with Britain and Spain to buy Eurofighter Typhoon jets, though Germany objected to the idea. Guler was holding talks on the issue with his British counterpart Grant Shapps in Ankara on Thursday, the source said. Turkey wants to buy the most advanced, newly built version of the Eurofighter, he added. NATO member Turkey requested in October 2021 to buy 40 Lockheed Martin Corp (LMT.N) F-16 fighters and 79 modernisation kits for its existing warplanes. The Eurofighter Typhoon jets are built by a consortium of Germany, Britain, Italy and Spain, represented by Airbus (AIR.PA), BAE Systems (BAES.L) and Leonardo (LDOF.MI).
Persons: Yasar Guler, Guler, Grant Shapps, Joe Biden's, Leonardo, Tayfun Ozberk, Serhat, Huseyin Hayatsever, Jonathan Spicer, William Maclean Organizations: Eurofighter, . Defence, Eurofighter Typhoon, British, NATO, Turkey, Lockheed Martin Corp, U.S . Congress, Airbus, BAE Systems, Biden Administration, Eurofighter Typhoons, Kadir Has University, Turkish Air Force, Thomson Locations: ANKARA, Turkey, United States, Turkish, Britain, Spain, Germany, Ankara, Italy
Staying well-informed on politics, news, and world events, especially these days, can take a toll on your mental health. "Trauma is the air that we have been breathing in the 2020s," says Katharine Manning, an expert with more than 25 years of experience of handling distress in the workplace. "We aren't going to be good at supporting others if we are not taking care of ourselves," Manning says. It feels dumb to wash my face, and dumb not to. "In the midst of all of the horror that is going on, we have to find a way to take care of ourselves."
Persons: Katharine Manning, Manning Locations: Gaza, Israel, Australian, Ukraine
(Photo by Lawrence Sumulong/Getty Images)Workplace culture is changing, and Wharton organizational psychologist Adam Grant wants Americans to keep up. Now they are announcing a research grant award of up to $100K to researchers looking into areas of human potential and workplace trends in which Grant thinks there will be important cultural shifts. Grant explains the top three areas he's focused on — employee motivation, workplace well-being and AI — and what he suspects will be changing. Going from languishing to flourishingWorkers are struggling with motivation and it's leading to an overall feeling of stagnation and emptiness, Grant says. To do so, company leadership should value employee well-being, Grant says.
Persons: Adam Grant of, Lawrence Sumulong, Adam Grant, Grant, BetterUp, haven't, Martin Kilduff, Ginka Toegel, we've Organizations: CANADA, Wharton School, University of Pennsylvania, CNBC, Economic, Future Forum Locations: VANCOUVER, TED2018, Vancouver, Canada
Learning and development programs (L&D) are rising in popularity. But employees and employers aren't seeing eye-to-eye about their value, and many workers don't seem happy about it. In contrast, 51% of the executives surveyed said their companies' existing L&D programs feel like a "waste of time." More than half of C-suite executives (65%) said that their employees are "very satisfied" with their company's L&D programs. Executives should give employees ample time in their working schedule to take L&D courses, instead of asking them to sacrifice their evenings or weekends, Morgan says.
Persons: they're, Andy Morgan, they'd, Morgan Organizations: CNBC, Business, Workers
Murat... Acquire Licensing Rights Read moreANKARA, Nov 10 (Reuters) - Turkish President Tayyip Erdogan waded into a brewing judicial crisis on Friday, criticising the Constitutional Court for "many mistakes" and backing an unprecedented challenge to it by an appeals court, as opponents marched in Ankara. In a twist - which critics said highlighted the diminished state of Turkey's legal system - the top appeals court said the Constituional Court's ruling was unconstitutional. "The Constitutional Court cannot and should not underestimate the step taken by the Court of Cassation on this matter," he said. They were headed to the appeals court and video showed they were briefly delayed by police. "The Court of Cassation's backlash (...) is an open and combative attack against the Constitutional Court," said Bertil Oder, professor of constitutional law at Koc University.
Persons: Tayyip Erdogan, Ozgur Ozel, Mustafa Kemal Ataturk, Murat, Tayyip Erdogan waded, Erdogan, Osman, Bertil Oder, intimidates, Ezgi Erkoyun, Jonathan Spicer, Emelia Sithole Organizations: Republican People's Party, Cassation, Constitutional, AK Party, Union, Koc University, Thomson Locations: Ankara, Turkey, ANKARA, Uzbekistan
Men (67%) are more likely than women (54%) to talk politics with co-workers, and younger generations are more likely to engage in political conversations than their older counterparts. Overall, men ages 35 and up and women ages 18-34 appear to be the most likely to talk about politics with their colleagues. When looking just at Gen Z and Millennial women, the percentage rose even higher to 81%, compared to around 60% of Gen Z and Millennial men. For Gen Z employees, these numbers rose to 49% and 44%, respectively. However, this doesn't necessarily mean that company leaders should avoid political talk all together.
Persons: Joe Biden, Donald Trump, Aaron Terrazas, Gen Z, Z, Terrazza, Terrazas Organizations: CNBC Locations: Glassdoor, Gaza, Israel
The top appeals court, or Yargitay, took the unprecedented step of making a criminal complaint against Constitutional Court judges on Wednesday, arguing that their ruling last month in favour of releasing Atalay was unconstitutional. "The Court of Cassation (Yargitay) has committed a crime by not recognising the Constitutional Court decision. He called for compliance with the Constitutional Court ruling and said the Yargitay appeals court judges should be put under investigation. The Istanbul Bar Association said on Thursday it had filed a criminal complaint against the Yargitay judges involved in the case on the grounds of misconduct and "depriving a person of liberty". Rule of law, predictability and trust are fundamental for investors and Turkey’s record in this front was and still is miserable."
Persons: Erkan, Sera Kadigil, Ahmet Sik, Umit, Osman, Tayyip Erdogan, Ozgur Urfa, Erdogan, Mehmet Ucum, Mehmet Simsek, Central Bank Governor Hafize Gaye Erkan, Wolfango Piccoli, Daren Butler, Alex Richardson Organizations: Workers ' Party of Turkey, Turkish, REUTERS, Rights, Constitutional, Cassation, Twitter, Istanbul Bar Association, Central Bank Governor, Ece, Thomson Locations: Ankara, Turkey, Rights ANKARA, Istanbul
Turkish President Tayyip Erdogan greets lawmakers of his AK Party in the Turkish parliament in Ankara, Turkey, October 25, 2023. "The products of companies that support Israel will not be sold in restaurants, cafeterias and tea houses in the parliament campus," Turkey's Grand National Assembly said, without identifying the companies. Neither the parliament statement nor the source specified how Coca-Cola and Nestle supported Israel's war effort. Over the past month, Turkish President Tayyip Erdogan and his government have sharply criticised Israel's assault on Gaza and Western support for Jerusalem. Israel has bombarded Gaza since a Hamas raid on southern Israel a month ago, when its fighters killed 1,400 people and seized 240 hostages.
Persons: Tayyip Erdogan, Murat Cetinmuhurdar, Numan Kurtulmus, Nestle, Israel, Huseyin Hayatsever, Daren Butler, Alex Richardson, Jonathan Spicer Organizations: AK Party, REUTERS, Rights, Nestle, Israel, National Assembly, Cola, Palestinian, Hamas, stevedores, Ece, Thomson Locations: Turkish, Ankara, Turkey, Handout, Rights ANKARA, Gaza, Israel, Barcelona, Jerusalem
ANKARA, Nov 6 (Reuters) - U.S. Secretary of State Antony Blinken met Turkish counterpart Hakan Fidan in Ankara on Monday to discuss efforts to expand humanitarian aid in Gaza, and to prevent the war between Israel and militant Palestinian group Hamas from spreading. The meeting between Blinken and Fidan lasted two and a half hours, a U.S. State Department official said. No talks took place between Blinken and Turkish President Tayyip Erdogan, who has criticised Washington over its "unlimited support to Israel". Blinken said at the airport that the United States has made some good progress on humanitarian assistance to Gaza. As Blinken met Fidan in Ankara, dozens of people gathered outside the foreign ministry building to protest U.S. support for Israel.
Persons: Antony Blinken, Hakan Fidan, Blinken, Fidan, Tayyip Erdogan, Jonathan Ernst, Israel, Zeynel Abidin Ozkan, Simon Lewis, Huseyin Hayatsever, Daren Butler, Gareth Jones, Jonathan Spicer, Sharon Singleton Organizations: U.S . State Department, Turkish, Hamas, Ministry of Foreign Affairs, REUTERS, NATO, Israel, Police, Toksabay, Thomson Locations: ANKARA, Turkish, Ankara, Gaza, Israel, Palestinian, Blinken, U.S, Washington, United States, Turkey, Fidan, Europe, America, Palestine, State, Syria, Iraq
As younger generations, particularly Gen Z and Millenials, are aging to make up more of the workforce, workplace expectations from employees are shifting. Among US workers, over 75% say they could complete their current workload in a four-day workweek rather than five, according to a recent report from Fiverr. Millennials, who make up around 35% of today's workforce, were the most passionate about the four-day workweek with 87% agreeing. The survey also showed that while overall younger generations of workers are demanding more flexibility in their work schedules, they prefer in-person interactions over remote work. The consulting firm EY's annual Workplace Index found that although the four-day workweek has gained popularity abroad, it has seen little adoption by U.S. companies until recently.
Persons: Millennials, workweek, Michal Miller Levi Organizations: U.S, CNBC Locations: Fiverr
Ron Shaich spent roughly two decades building Panera Bread into nationwide behemoth, ultimately selling it for $7.5 billion in 2017. The Panera co-founder, 69, credits that success to a simple practice, which he did — and still does — once per year, he tells CNBC Make It: writing a "pre-mortem." Between Christmas and his December 30 birthday, Shaich dedicates a day or two to visualize himself at the end of his life, he says. He writes a news story, obituary or journal entry from that hypothetical future, looking back on his own endeavors, listing only the most important accomplishments. Then, he maps out how to get from his current state to that future version of himself.
Persons: Ron Shaich, Shaich, Reddit, Alexis Ohanian, it's, I'd Organizations: behemoth, CNBC
At job interviews, he screens for self-reflection by asking about past failures and what you, the candidate, would do differently next time. A good answer walks the hiring manager through your thought process so they can see how you evaluate opportunities and solve problems. But if you don't have that skill set, it is much harder to," Lubetzky tells CNBC Make It. Particularly those in [Gen-Z] that develop self-reflection skills will outperform those who don't." Daniel Lubetzky , the billionaire founder of Kind Snacks and frequent guest judge on ABC's "Shark Tank," looks for a green flag when he's hiring: the ability to self-reflect.
Persons: Daniel Lubetzky, Lubetzky, Jerry Colonna, Claire Hughes Johnson, Juliette Han, Han, Warren Buffett Organizations: CNBC, Google, Columbia Business School
Wharton organizational psychologist Adam Grant recently told CNBC's "Squawk Box" about an 'amazing' cover letter he read a few years ago, where the applicant did not have all the qualifications listed. Instead of ignoring her weaknesses, she addressed the elephant in the room by admitting that she was "not quite the fit." I don't have the years of experience and I don't have these skills," Grant said the cover letter read. "She got the job [after that cover letter] and she crushed it." Some of the most in-demand soft skills like time management and critical thinking can be developed in non-position-specific experiences that you can instead demonstrate in your cover letter.
Persons: Wharton, Adam Grant, CNBC's, Grant, Ian Siegel, Markman, Nic Fink, Fink, Warren Buffett Organizations: CNBC, Harvard Business
Turkish President Tayyip Erdogan addresses members of parliament from his ruling AK Party (AKP) during a meeting at the Turkish parliament in Ankara, Turkey, October 25, 2023. Political analysts said his planned address in Istanbul aimed to reinforce his growing criticism of Israel's bombardment of the Gaza Strip and to overshadow Sunday's celebrations marking Turkey's secular roots. Turkey has condemned Israeli civilian deaths caused by Hamas's Oct. 7 rampage through southern Israel, but Erdogan this week called the militant group Palestinian "freedom fighters". ATATURK LEGACYThis week, Erdogan invited all Turks to attend the rally where he said "only our flag and the Palestine flag will wave". Erdogan, Turkey's longest-serving leader, and his Islamist-rooted AK Party have eroded support for the Western-facing ideals of Ataturk, who is revered by most Turks.
Persons: Tayyip Erdogan, Murat Cetinmuhurdar, Erdogan, Israel, Sinan Ulgen, Ulgen, ATATURK, Mustafa Kemal Ataturk, Turkey's, Ataturk, Asli Aydintasbas, Gumrukcu, Jonathan Spicer, Helen Popper Our Organizations: AK Party, Turkish, REUTERS, Hamas, Gaza, Hamas's, Jerusalem, NATO, European Union, Centre for Economic, Foreign Policy Studies, Brookings, Thomson Locations: Ankara, Turkey, Handout, Israel Turkey, ISTANBUL, Israel, Istanbul, Italy, Turkish, Palestine, Washington
[1/6] Demonstrators protest in solidarity with Palestinians in Gaza, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in London, Britain, October 28, 2023. This is why we're here: we're calling for a ceasefire, calling for Palestinian rights, the right to exist, to live, human rights, all our rights," said protester Camille Revuelta. Addressing hundreds of thousands of supporters at a huge rally in Istanbul, Turkish President Tayyip Erdogan said Israel was an occupier, and repeated his stance about Hamas not being a terrorist organisation. Some cities in France have banned rallies since the war began, fearing they could fuel social tensions, but despite a ban in Paris, a small rally took place on Saturday. In New Zealand's capital, Wellington, thousands of people holding Palestinian flags and placards reading "Free Palestine" marched to Parliament House.
Persons: Susannah Ireland, Rishi Sunak, Camille Revuelta, Israel, Tayyip Erdogan, Erdogan, Yann Tessier, Ben Makori, Will Russell, William James, Helen Popper, Alison Williams Organizations: Hamas, REUTERS, U.S, West Bank, Embassy, Police, Ece Toksabay, Reuters, Thomson Locations: Gaza, Israel, Palestinian, London, Britain, Europe, East, Asia, Western, Malaysia, Kuala Lumpur, Istanbul, Baghdad, Hebron, Palestine, Copenhagen, Rome, Stockholm, France, Paris, Marseille, New Zealand's, Wellington
Your second language presents a brain shortcutSpeaking in your native language is easy — and it can lull your brain into being less able to process information objectively, says Gallo. When that happens, you're stuck in a mindset Gallo refers to as "hot cognition," also known as "System 1 thinking." "When you are thinking in your second language, you are being very analytical and careful about the surface-level features of information," he explains. Using your second language acts as a quick shortcut into "Spock mode," Gallo says. It can help you avoid false memories and misinformationThe benefits of a second language extend beyond analytical thinking, says Gallo.
Persons: David Gallo, monolinguals, Gallo, Monolinguals, Boaz Keysar, , Spock, It's, Rosetta Stone Organizations: University of Chicago, Research, CNBC
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