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☆ 27% of young republican workers don't want to live in a state that bans abortions: CNBC Generation Lab survey
▼ + stars: | 2024-05-08 | 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 Email27% of young republican workers don't want to live in a state that bans abortions: CNBC Generation Lab surveyCNBC's senior personal finance correspondent breaks down young workers views on state abortion bans and the economy.

Organizations: CNBC

☆ Four day work week popular among younger workers
▼ + stars: | 2024-05-08 | 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 EmailFour day work week popular among younger workersA new CNBC Generation Lab survey finds younger workers feel a 4-day work week is more productive. CNBC's senior personal finance correspondent Sharon Epperson has more.

Persons: Sharon Epperson Organizations: CNBC

☆ Fast food chains are getting the message about soaring prices
▼ + stars: | 2024-05-06 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

To win penny-pinching customers back, some say they're planning smaller price increases for the rest of the year. Wendy's CFO Gunther Plosch told investors on Thursday that consumers are "still under pressure" — especially those with household incomes under $75,000. Chains raised prices drastically during the pandemic to offset rising labor and food costs, and it's coming back to bite them. For some restaurant chains, comparable sales even fell. McDonald's would "certainly" be "prudent and thoughtful" about any further price increases in the rest of 2024, Borden said.

Persons: —, Gunther Plosch, Ian Borden, Joshua Kobza, Burger, Popeyes, Burger King, Wendy's, William Blair, Sharon Zackfia, Borden, Katie Fogertey Organizations: Service, Starbucks, KFC, US, Bureau of Labor Statistics Locations: Burger, North America

☆ Fast food feels more expensive than ever before, and people are sick of it. Here's why.
▼ + stars: | 2024-05-04 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Analysts say fast-food prices feel particularly painful because they're rising faster than grocery prices. Fast-food prices have been shooting upRestaurant prices are determined by "two major categories" — food costs and labor costs, Citi analyst Jon Tower told BI. Related storiesFast-food chains put up their menu prices to reflect the higher food costs and payrolls. AdvertisementGrocery inflation is coolingFast food seems particularly expensive right now because grocery inflation is cooling much more rapidly, analysts BI spoke to said. AdvertisementBut the inverse is also true — grocery stores benefit much more than restaurants when food inflation cools.

Persons: —, Jim Sanderson, Jon Tower, Sharon Zackfia, William Blair, Price, Danilo Gargiulo, Bernstein, Gargiulo, they've, Garguilo, Sara Senatore, Chad Frye Organizations: Analysts, Service, Northcoast Research, Citi, US Bureau of Labor Statistics, Bank of America Locations: Russia, Ukraine, California

CNN —Time is running out to prevent starvation in Darfur, in western Sudan, a UN agency has warned, as escalating violence devastates the African nation. People have been forced to consume “grass and peanut shells,” the regional director for Eastern Africa of the World Food Programme (WFP) said on Friday. More than 8.7 million people have been displaced by the war between the Sudanese army and the paramilitary RSF, according to the UN. At least 500,000 of those sheltering in the city have been displaced from violence elsewhere in Sudan, according to the UN’s children’s agency (UNICEF). More than 8.7 million people, including 4.6 million children, have been displaced by the war in Sudan and 24.8 million need assistance, according to OCHA.

Persons: ” Michael Dunford, Cross, Dan Kitwood, Toby Hayward, Hayward, Fasher, Catherine Russell, ” Russell, El Fasher Organizations: CNN, UN, Food Programme, Rapid Support Forces, ICRC, UNICEF, UN Office, Humanitarian Affairs, WFP Locations: Darfur, Sudan, Eastern Africa, South Darfur, Chad, Adré, North, El, El Fasher, Chad’s Tine, –, ”, Port Sudan

☆ The upside of higher interest rates
▼ + stars: | 2024-05-03 | 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 EmailThe upside of higher interest ratesThe Federal Reserve is keeping rates at a 23-year high. While that's tough for borrowers, it's a benefit for savers. CNBC's Senior Personal Finance Correspondent Sharon Epperson explains.

Persons: Sharon Epperson Organizations: Federal, Finance

The protesters occupying Hamilton Hall on the campus of Columbia University seemed ready to stay a while. They had a microwave, an electric teakettle and sleeping bags, images distributed by the police show. In another classroom, they made a chart for security duties in two-hour shifts, and listed three Maoist revolutionary slogans as inspiration, according to the police videos. For two weeks, Columbia’s campus had been the focal point of a growing crisis on college campuses around the country. Pro-Palestinian demonstrators set up tent encampments, held rallies and otherwise attempted to disrupt academic activities in an attempt to force universities to meet several demands.

Organizations: Columbia University, Palestine Locations: Hamilton

☆ How to adjust to high interest rates
▼ + stars: | 2024-05-02 | 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 EmailHow to adjust to high interest ratesThe cost of borrowing will continue to be high as the Federal Reserve has kept its interest rate policy the same. CNBC Senior Personal Finance Correspondent Sharon Epperson shares tips for how to manage debt payments.

Persons: Sharon Epperson Organizations: Federal Reserve, CNBC, Finance

☆ Veteran Collected Benefits After Lying About Purple Heart, U.S. Says
▼ + stars: | 2024-05-01 | by ( Claire Fahy | More About Claire Fahy | ) www.nytimes.com time to read: +1 min

A woman in upstate New York was arrested on Wednesday and charged with fraudulently claiming to be a Purple Heart recipient, federal prosecutors said. The woman, Sharon Toney-Finch, 43, of Newburgh, N.Y., defrauded military charities and the Department of Veterans Affairs by lying about having received the Purple Heart, a military award given to those wounded or killed in action, Damian Williams, the U.S. attorney for the Southern District of New York, said in a statement. Ms. Toney-Finch claimed that she had survived a terrorist attack on her convoy in Iraq while serving a tour in March 2010, the statement said. She also claimed to have been wounded in a mortar attack the preceding February. In March 2016, Ms. Toney-Finch began collecting disability benefits from the department after lying about getting injured during her military service, federal prosecutors said.

Persons: Sharon Toney, Finch, Damian Williams, Ms, Toney Organizations: Department of Veterans Affairs, Southern, of Locations: New York, Newburgh, N.Y, U.S, of New York, Iraq

☆ Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
▼ + stars: | 2024-05-01 | by ( Gretchen Morgenson | ) www.cnbc.com time to read: +13 min

Cash App, introduced in 2013, allows users to send and receive money instantaneously among themselves and to buy stocks and Bitcoin. As of December, Cash App had 56 million active transacting accounts and $248 billion in inflows during the previous four quarters, the company said. (Merchants are considered customers at Square, while users are considered customers at Cash App.) Cash App is not a bank, but it uses external banking partners to conduct various services. On March 29, Sutton Bank settled a consent order with the Federal Deposit Insurance Corp. that echoed the whistleblowers' allegations.

Persons: Jack Dorsey, Block, Venezuela —, Edward Siedle, Prosecutors, Cash, OFAC, Lawrence Summers, Sharon Rothstein, Summers, Rothstein, Lord Paul Deighton, Goldman Sachs, Deighton, Dorsey, Banks, Sutton, James Booker Organizations: Twitter, Southern, of, NBC, NBC News, Securities and Exchange Commission, Block, Foreign Assets Control, U.S . Treasury, Cash, OFAC, Goldman, Financial Market, Bank of Lithuania, Payments Lithuania UAB, PayPal, Consumer Finance Protection Bureau, Sutton Bank, Federal Deposit Insurance Corp, FDIC Locations: of New York, Cuba, Iran, Russia, Venezuela, Ohio, Sutton

☆ Why Series I savings bonds are losing their luster
▼ + stars: | 2024-05-01 | 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 EmailWhy Series I savings bonds are losing their lusterI bonds were all the rage a couple of years ago, when the interest rate hit nearly 10% and yields on savings accounts were low. Now, as inflation has come down, I bonds have lost their luster. CNBC Senior Personal Finance Correspondent explains.

Organizations: CNBC

The first time Columbia University tried to shut down the pro-Palestinian encampment on its campus, two weeks ago, it called in the New York Police Department. The second time the university attempted to shut down the encampment, on Monday, it tried something different. It offered students who left by a deadline partial amnesty from punishment; if they refused, Columbia would suspend them. Instead, a subgroup of protesters took over a campus building, Hamilton Hall, in the middle of the night. Finally, on Tuesday evening, the university brought in the police again, to rout protesters from the building and encampment.

Organizations: Columbia University, New York Police Department, Columbia, Hamilton Hall

☆ Analysts bail on Starbucks with 2 downgrades, slashed price targets. 'Stunning across-the-board miss,' says Blair
▼ + stars: | 2024-05-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

But Deutsche kept its $89 price target, which suggests the stock could gain just 0.6%, as of Tuesday's close. Starbucks stock hasn't logged a positive year since 2021. Bank of America's Sara Senatore maintained her buy rating and $108 price target, which implies roughly 22% potential upside — a fairly bullish aim compared with other firms. Underpinning Senatore's stance is her expectation that Starbucks' earnings growth will reaccelerate in 2025, fueled by traffic-driving initiatives, such as more menu innovation and operational improvements. JPMorgan analyst John Ivankoe kept his overweight rating but moved his price target lower to $92 from $100.

Persons: William Blair, Sharon Zackfia, Zackfia, Lauren Silberman, Deutsche, Wells, Bank of America's Sara Senatore, Laxman Narasimhan, John Ivankoe Organizations: Starbucks, Deutsche Bank, JPMorgan, UBS, Bank of America, Bank of America's Locations: Tuesday's, U.S, China, Wells Fargo, Israel

☆ Columbia Said It Had ‘No Choice’ but to Call the Police
▼ + stars: | 2024-05-01 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

Exactly 56 years to the day after the 1968 student occupation at Columbia University was violently cleared by the New York Police Department, hundreds of police officers moved into the Manhattan campus on Tuesday night to quell a different kind of antiwar protest. Dozens of pro-Palestinian demonstrators were arrested as police officers entered Columbia’s main campus, which was on lockdown, and cleared Hamilton Hall of a group who had broken in and occupied it the night before. It was a dizzying and, to many students and faculty, disturbing 24 hours on campus. Last time, students were protesting the Vietnam War and Columbia’s plans to expand its campus into Harlem. Both times, the students had occupied Hamilton Hall.

Organizations: Columbia University, New York Police Department, Hamilton, of, Hamilton Hall Locations: Manhattan, Columbia’s, Vietnam, Harlem, Gaza, Israel

☆ Columbia Tells Protesters to Clear Out Encampment or Face Suspension
▼ + stars: | 2024-04-29 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

Columbia University has given students until 2 p.m. on Monday to clear out from the pro-Palestinian encampment that has occupied a central lawn on its campus for nearly two weeks, warning them that they will face immediate suspension if they do not leave by then. Students in the encampment on Monday morning received a notice from administrators stating that negotiations with student protest leaders were at an impasse. It urged the students to clear out voluntarily to allow the school to prepare the lawn for graduation ceremonies on May 15. “The current unauthorized encampment and disruption on Columbia University’s campus is creating an unwelcoming environment for members of our community,” the notice stated. “Please promptly gather your belongings and leave the encampment.”

Persons: “ Organizations: Columbia University, Police Department, Columbia Locations: Columbia

☆ A Match Made in MAGA: How a Friendship Helped J.D. Vance Land on Trump’s V.P. List
▼ + stars: | 2024-04-27 | by ( Sharon Lafraniere | ) www.nytimes.com time to read: +1 min

He had publicly called Mr. Trump “loathsome” and an “idiot.” Once, he described him as “cultural heroin.”Then came an unexpected lifeline. “Enough with the lies being told about this guy,” Donald Trump Jr., the former president’s son, wrote on Twitter, assuring his followers that Mr. Vance had become a fan of his father. A month later, encouraged by his son, the elder Mr. Trump endorsed Mr. Vance. Today, Mr. Vance is one of the former president’s most reliable allies and a leader of a band of Republicans pushing Senate Republicans to the right. And his star has only continued to rise: Mr. Vance is on the list of Mr. Trump’s possible running mates, according to two people familiar with the discussions.

Persons: Donald J, Trump, J.D, Vance, ” Donald Trump Jr Organizations: Republican, Twitter, Republicans Locations: Ohio

☆ Don't believe these money misconceptions: 3 things to know that can help improve your finances
▼ + stars: | 2024-04-25 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +4 min

Part of the problem: People continue to believe common misconceptions about managing and investing their money. When it comes to your retirement savings, target-date funds can be another smart option. Young couple managing finance and investment online, analyzing stock market trades with mobile app on laptop and smartphone. "People feel like, I can get a higher return with no risk … but basically, a higher return is always a reward for higher risk." There's almost no risk to money in federally insured deposit accounts, unlike investments that are subject to the daily changes in the stock, which can result in much higher risk.

Persons: Witthaya, Annamaria Lusardi, Paul Yakoboski, Young, Lusardi, There's Organizations: TIAA, Global Financial, Stanford Institute for Economic Policy Research, TIAA Institute, Target, CNBC, Financial Wellness, Board Locations: U.S

☆ I went on 2 of Royal Caribbean's largest and newest cruise ships. I enjoyed them, but they're not for everyone.
▼ + stars: | 2024-04-23 | by ( Brittany Chang | ) www.businessinsider.com time to read: +5 min

And if you're looking for high-end sailing to unique destinations, I'd suggest avoiding Royal Caribbean's mega-ships. Brittany Chang/Business InsiderAccording to its current expansion plan, by 2028, about a third of Royal Caribbean's fleet will consist of mega-ships. Wonder of the Seas (left) and Icon of the Seas (right) both have Sorrento's, a complimentary grab-and-go pizza shop. If you plan on cruising with your children — and if they, like me, love activities like rock climbing and mini-golfing — Royal Caribbean's mega-ships could be your best option. After all, like most of Royal Caribbean's largest vessels, both Icon and Wonder are exclusively sailing in the Caribbeans.

Persons: —, Brittany Chang, I've, Sharon Yattaw Organizations: Service, Oceania Cruises, Business, Royal, Regent Seven Locations: Royal Caribbean, CocoCay, Polynesia, Caribbean, Oceania

☆ Inside the Week That Shook Columbia University
▼ + stars: | 2024-04-23 | by ( Nicholas Fandos | Sharon Otterman | ) www.nytimes.com time to read: +1 min

Just after 2 p.m. last Wednesday, Nemat Shafik, the president of Columbia University, stepped out of an office building on Capitol Hill and into an idling black SUV. She had just endured an intense grilling by a congressional committee investigating antisemitism on elite college campuses. For a university trying to reassure Congress that it was getting its campus under control, the timing could scarcely have been worse. The secretive deliberations that followed over 24 frantic hours have sent Columbia into a crisis over free speech and safety unlike any the campus has seen since 1968. The events also set off a chain reaction rattling campuses across the country, just as one of the most trying academic years in memory neared its end.

Persons: Nemat Shafik, Shafik Organizations: Columbia University, Palestinian Locations: Columbia

☆ 73% of U.S. workers feel well paid, CNBC Workforce Survey finds
▼ + stars: | 2024-04-23 | 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 Email73% of U.S. workers feel well paid, CNBC Workforce Survey findsCNBC’s Sharon Epperson joins 'Power Lunch' to discuss the findings from the CNBC Workforce Survey.

Persons: CNBC’s Sharon Epperson Organizations: CNBC, Survey, CNBC Workforce Survey

Some students wore kaffiyehs, the traditional Palestinian scarf, while others wore Jewish skullcaps. They distributed handmade Haggadahs — prayer books for the Passover holiday — and read prayers in Hebrew, keeping to the traditional order. But there were also there were changes and additions, like a watermelon on the Seder plate to represent the flag of Palestine. There were repeated references to the suffering of the Palestinian people and the need to ensure their liberation. There was grape juice instead of wine to respect the alcohol-free encampment, which was started last Wednesday and, despite a police crackdown last week, was stretching into its sixth day.

Organizations: Columbia Locations: Palestine

☆ A City Tries to Measure the Violence It’s Preventing
▼ + stars: | 2024-04-22 | by ( Mark Obbie | ) www.nytimes.com time to read: +31 min

Headway A City Tries to Measure the Violence It’s Preventing In Baton Rouge, a public safety experiment could help to answer a critical question: Do community efforts to reduce street violence work? Like Ms. Robinson, Ms. Tate-Alexander, 48, raised her family in Baton Rouge. Baton Rouge became the first city outside New Jersey to be tutored in the Newark method. Calming the urge to retaliateBy June 2021, when Ms. Tate-Alexander started assembling the street team, Ms. Robinson joined up. At first, Ms. Robinson and Ms. Tate-Alexander seemed wary when I asked about him.

Persons: Angel Hawkins, Liz Robinson, Sateria Tate, Alexander, Tamikka, Liz, Louis Robinson’s, Louis Jr, Robinson, “, ‘, ’ ”, Louis, Louis BadAzz, —, Louis Robinson Jr, ’, Murphy Paul, Paul, Sharon Weston Broome, Alton Sterling, ”, Karan Deep Singh, Kathleen Flynn, Biden, Nina Revoyr, Ms, Tate, Aqeela Sherrills, Sherrills, Terrell, Mr, Aqeela, Courtney Scott, . Tate, ” Ms, Gerald Haynes, Haynes, hotheads, Khoury Brown, Geaux, he’s, Geaux Yella, Darius Crockett, Crockett, Kayla Atkins, Markel, Atkins, ” Mr, “ I’m, “ I’ll, ” Markel, Atkins’s, Gary Slutkin, Jeffrey A, Butts, John Jay, Dr, Scott, “ We’re, It’s, They’ll, that’s, interventionists, Stacy Adams fedora, George Floyd, Weeks, brutalized, Paul’s, Thomas S, Morse, Dy’Lan Fillmore, Mitchell, Fillmore, Robinson’s Organizations: The New York Times, Army, Louisiana State Police, Police, Baton Rouge Police Department, Centers for Disease Control, National Institute for Criminal, Ballmer Group, Baton, Bloods, Biden White House, Markel, Research, John, John Jay College of Criminal, Statistics, University of California, Newark, Metropolitan, Murphy Paul Rally, Mr Locations: Baton Rouge, La, Iraq, Afghanistan, Black, United States, —, Federal, Newark, N.J, Watts, Los Angeles, New Jersey, Chicago, Baton

☆ Live Updates: Yale Students Arrested as Campus Chaos Spreads
▼ + stars: | 2024-04-22 | by ( Alan Blinder | ) www.nytimes.com time to read: +11 min

Some reportedly shouted at Jewish students and made antisemitic statements. Still, some Jewish students who are supporting the pro-Palestinian demonstrations on campus said they felt solidarity, not a sense of danger, even as they denounced the acts of antisemitism. Image Grant Miner, a Jewish graduate student at Columbia University, says he doesn’t feel unsafe on campus. Jewish students get harassed trying to leave @Columbia’s campus tonight. Image At the “Gaza Solidarity Encampment” on the Columbia campus, tents were crowded together Sunday night.

Persons: Eric Adams, ” Andrew Bates, Nemat Shafik, Minouche, “ Al, Adams, Grant Miner, Bing Guan, New York Times “, “, U2Ii5GTuLm — David lederer, @Davidlederer6, ”, Eliana Goldin, Aryeh, . Goldin, Samantha Slater, Shafik, Mr, Miner, ” Makayla, Gubbay, —, “ There’s, ” Ms, Elie Buechler, Rabbi Buechler, Hillel, ” Brian Cohen, Noah Levine, “ I’m, Xavier Westergaard, Sharon Otterman Organizations: Columbia, Jewish, White, New, ”, Columbia University, Credit, New York Times, Palestinian, Israel, University, New York Police Department, Barnard College, Gaza Solidarity, New York Times Students, Ivy League, Campus, “, Hillel, Broadway, Jewish Voice, Peace Locations: Upper Manhattan, New York City, American, Israel, Columbia, Poland, @Columbia’s, Europe, Chabad, Gaza, Palestine, Amsterdam

☆ Student Protesters at Columbia Remain Defiant
▼ + stars: | 2024-04-19 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

Dozens of student protesters at Columbia University gathered outside early Friday afternoon, just across from where their tent encampment had been demolished by university officials the day before. Some students had been there through the night. Others, including a few who had been arrested Thursday, had only recently arrived. “You are erasing the line between education and politics,” he told them. “It is a new phase in this mobilization.”A day after Columbia’s president, Nemat Shafik, called in the police to arrest some 100 students and take down their encampment, the activists showed little sign of losing steam.

Persons: Mahmood Mamdani, ”, Nemat Shafik Organizations: Columbia University Locations: Gaza

☆ Journey to the Future
▼ + stars: | 2024-04-19 | 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 EmailJourney to the FutureRecent innovations in health tech are leading to product breakthroughs and improved patient care for humans and animals alike. Zoetis CEO Kristin Peck, and AWS Senior Physician Executive & Clinical Innovation Lead, Global Healthcare and Nonprofit Dr. Angela Shippy are at the forefront. Hear how they are leading through rapid technological advancements, while rooting out bias and ensuring different perspectives are considered when leveraging the power of AI.

Persons: Kristin Peck, Angela Shippy Organizations: Global Healthcare, Nonprofit

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