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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen Shao Chun Chen was laid off from Google in February 2024, the news didn't come as a complete surprise. He told Business Insider that a layoff isn't dissimilar to a breakup: "It was like saying goodbye to an eight-year relationship." He joined Google in 2016 as an account manager and was leading a sales team when he was let go. Shao, who had prepared for layoffs and had a seven-figure investment portfolio to fall back on, shares three red flags he noticed.
Persons: , Shao Chun Chen, Merrill Lynch, Shao, sprees —, that's Organizations: Service, Google, BI, Business Locations: Singapore
McKinsey & Co. held an internal event to rally partners amid a challenging year, Bloomberg reports. Like many major consulting firms, McKinsey has announced layoffs as demand for its services has fallen. During the event, Bob Sternfels, global managing partner at McKinsey, reportedly admitted that the last 18 months had been challenging but said that 2024 was looking better for the firm. McKinsey global managing partner, Bob Sternfels, makes a statement to the US Senate on the firm's work with Saudi Arabia, February 2024. But McKinsey partners have reportedly been unhappy with how leadership has handled the role reductions, people familiar with the matter told Bloomberg.
Persons: Bob Marley, Eminem, , Bob Sternfels, Sternfels, sprees, they're Organizations: McKinsey, Co, Bloomberg, Service, SPAN McKinsey, Employees, US Department of Justice, Purdue Pharma, Sternfels Locations: British, Copenhagen, Saudi Arabia
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta is not showing investors enough to justify VR spending sprees, says Rob SanderonRob Sanderson, managing director at Loop Capital, joins CNBC's 'The Exchange' to breakdown Meta earnings.
Persons: Rob Sanderon Rob Sanderson Organizations: Loop
My dad had many creative ways to save money, including zig-zagging all over NYC to avoid road tolls. Growing up, I learned the value of money from him, and I've applied his lessons over and over. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Following in my father's careful footsteps has allowed me to afford two homes and a new car, all on a teacher's salary. I love to travel, and, as a teacher, I'm able to take advantage of summers off.
Persons: I've, , San Remo, I'd, I'm, doesn't Organizations: Service, New Locations: New York City, San, South America, South Africa, New York, Brooklyn
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at a potential exodus of stars from YouTube and what it means for the creator economy. What's on deck:This story is available exclusively to Business Insider subscribers. AdvertisementBut some people who helped fuel YouTube's rise are walking away from the platform that gave them their big break. TikTok's challenges represent the ongoing uncertainty content creators face trying to make a living in such an unpredictable and shrinking world.
Persons: , we've, Rebecca Zisser, It's, Insider's Lindsay Dodgson, MatPat, Lindsay, Andy Kiersz, Critics, it's, Alistair Barr, Dan, Jamie Dimon doesn't, Dimon, Karim Qubadi, Abanti Chowdhury, OpenAI, Musk's, Christopher Nolan's, Tyler Le, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, YouTube, Business, Nielsen, Gaming, ISI, SensorTower, BI, CPI, JPMorgan, Elon, University of Chicago, Quest, realtors, Meta, Google, Companies, Adidas Locations: United States, New York, London
Cory Doctorow has a theory for why tech platforms are getting worse. After locking users in, Doctorow believes tech platforms deliberately worsen the user experience. AdvertisementCory Doctorow has a theory for why tech platforms seem to have been sapped of all their joy: he calls it the great "enshittification." The 52-year-old Canadian-British author coined the term as a means of describing the growing sense that platforms operated by Big Tech companies are decaying beyond recognition. AdvertisementApple App Store.
Persons: Cory Doctorow, Doctorow, , beholden, Uber, Apple, Zuckerberg's, Zuckerberg, there's Organizations: Service, Big Tech, Facebook, Twitter, Netflix, NurPhoto, Getty, Companies, Apple, EU's, European Commission, Meta, Cambridge, Capitol Locations: British
Here's a roundup of recent recession warnings from six experts:This story is available exclusively to Business Insider subscribers. Jamie Dimon, JPMorgan Chase CEOAdvertisementThere's a long history of investors being caught off guard by sudden downturns, Dimon told CNBC this week. AdvertisementSteve Hanke, Johns Hopkins professorThe US economy is headed for a recession if history is any indication, Hanke told Business Insider this week. AdvertisementPaul Dietrich, B. Riley Wealth Management's chief investment strategist"We're still on the path to recession," Dietrich told Business Insider in a recent interview. AdvertisementJeffrey Gundlach, DoubleLine Capital CEO"I think recession is closer than most people think," Gundlach said in a recent YouTube video.
Persons: , Jamie Dimon, There's, Dimon, David Solomon, Goldman Sachs, Solomon, Ellen Zentner, Morgan Stanley's, Zentner, Steve Hanke, Johns Hopkins, Hanke, Paul Dietrich, Riley Wealth, We're, Dietrich, Jeffrey Gundlach, Gundlach Organizations: Service, Federal Reserve, Business, JPMorgan, CNBC, UBS, DoubleLine Locations: American, Russia, Ukraine, Israel
During 2022-2023, ocean carriers used some of those reserves for their own buying sprees to expand their footprints. While adding to the ocean carrier bunker fuel costs, they are being compensated.. "The Red Sea diversions are a good thing for ocean carriers. The big question mark is the duration of the diversions and the surcharges the ocean carriers can charge. Those two regions have steadily taken market share away from the West Coast ports, with shippers also benefitting from investments in ports infrastructure. "The West Coast ports have strengthened infrastructure," Iampieri said.
Persons: Marc Iampieri, Cash, Iampieri, Jeff Bezos, It's, Paul Brashier, Brashier, AlixPartners Organizations: Bloomberg, Getty, Dow Jones Transportation, Fortune, Convoy, Amazon, Technology, Ocean, Maersk, CNBC, ITS Logistics Locations: Panama, Red, East Coast, AlixPartners, Flexport, Europe, North America, Asia, West Coast, East, Gulf, Mexico, West, Los Angeles, Long
Hong Kong CNN —With Hong Kong’s sky-high cost of living, residents like Andy Tsui have been looking for alternative ways to have more fun and spend less. Rather than spending his cash in his hometown of Hong Kong, he’s been crossing the border into mainland China to splurge instead. Such trips are noteworthy because, for much of Hong Kong’s modern history, the traffic has been largely — conspicuously, even — in the other direction. Hong Kong used to be the place where Chinese would escape to, not from. In 2023, just 26 million mainlanders — about half of the 2018 crowd — visited Hong Kong.
Persons: Andy Tsui, he’s, boba, ” Tsui, Justin Robertson, Noemi Cassanelli, CNN Hong Kong’s, Hong Kong —, misbehaving, , , Steve Tsang, Hong, Shenzhen’s, Hongkongers, Gilles Sabrie, Hongkonger Eddy Lam, Lam, Cherrie Leung, Qilai Shen, Hugo Sin, , Gary Ng, John Lee, Tsang Organizations: Hong Kong CNN, CNN, Shoppers, Yuen, Britain, Newspapers, Hong, Hong Kong Immigration Department, China Institute, SOAS University, Huawei, Tencent, Bloomberg, Getty, Sam’s Club, Costco, Sam’s, Walmart, Hong Kong, Shenzhen hasn’t, Xinhua, RTHK, SOAS University of London Locations: Hong Kong, China, splurge, Peking, Shenzhen, East, Hong, People’s Republic of China, British, Beijing, London, Bay Area, San Francisco , New York, Tokyo, Kowloon, Coco, Shanghai, , Inner Mongolia, Taiwan, Japan, Mainland China, Hong Kong’s, Britain, Canada, Australia, Bay,
EY's Daco said the past few years have been marked by a mismatch in supply and demand when it comes to goods, services and even workers. Companies furloughed workers in the early pandemic and then struggled to fill jobs. David Silverman, a retail analyst at Fitch Ratings, said companies are "feeling a bit heavy as sales growth moderates and maybe even declines." Cost cuts at UPS, Hasbro and Levi all followed sales declines in the most recent fiscal quarter. "Part of companies' decision to lower their expense structure is in line with their views that 2024 may not be a fantastic year from a top-line-growth standpoint," Silverman said.
Persons: EY's Daco, David Silverman, Levi, Fitch, Silverman Organizations: Getty, Airlines, Cox Automotive, Fitch, UPS, Hasbro, Walmart, Target Locations: U.S
“There’s been 11 hardback books on me,” the serial killer John Wayne Gacy told a reporter on the eve of his execution in 1994. “Thirty-one paperbacks, two screenplays, one movie, one Off Broadway play, five songs and over 5,000 articles. We may consider the obsession with true crime a contemporary preoccupation — with Etsy shops selling enamel pins of Ted Bundy’s face and his Volkswagen, and crime conventions filling casino-size hotels with teenage girls in “Murderino” T-shirts. But these grisly stories, and our insatiable thirst for them, have been monetized for hundreds of years. Long before the self-styled Zodiac Killer mailed his letters to California newspapers, threatening killing sprees and bombings if his messages were not printed, there was an English prison chaplain named Henry Goodcole who bolstered his modest salary by selling stories about death and sin.
Persons: “ There’s, John Wayne Gacy, , Ted Bundy’s, Long, sprees, Henry Goodcole, Goodcole Organizations: Volkswagen Locations: , California, Newgate
New York CNN —People tend to hate going to a store and finding deodorant, toothpaste, shampoo, cosmetics and other everyday products locked up on shelves behind display cases. So some retailers are testing a way to let customers use their cell phones to open locked shelves. So stores are now testing a security tool that lets customers use their cell phone to unlock products on the shelf. Stores are now testing a security tool that lets customers use their cell phone to unlock products on the shelf. Earlier this month, Indyme’s website listed Kroger, Safeway, Lowe’s, Raley’s and other chains as retailers testing the security device.
Persons: , Joe Budano, Budano, “ We’ve, Raymond Burke, ” Burke, Organizations: New, New York CNN, Shoppers, Retailers, Indyme, Kroger, Safeway, Lowe’s, CNN, Indiana University, Locations: New York, St, Louis
Her youthful obsession realized in front of her, Ella was inspired to buy her first piece of Lolita fashion in 2015, from the popular Lolita e-tailer Angel Pretty. While Lolita style is named after Vladimir Nabokov’s eponymous teen in the controversial 1955 novel, the overlap ends there. Even 1950s-style American prom dresses, with their extravagant skirts and bodices, influence contemporary Lolita fashion, he said. The skirt's fullness, achieved through the use of a petticoat, is a key characteristic of Lolita fashion. Ella says her personal Lolita style is a blend of classic and sweet, with a healthy dose of prints and patterns.
Persons: Ella hadn’t, waltzed, , Ella, Lauren, Shelby Knowles, Pretty, ” —, She’s, it’s, Michelle Liu Carriger, Bianca, Kandace, Vladimir Nabokov’s, Masafumi, Monden, accessorized, Lolitas, Marie Antoinette, Brigitte Bardot, Jane Birkin, ” Monden, ” Liu Carriger, lacy Lolita, Kei, don’t, Liu Carriger, Nghi, Mary, Jane heels, substyles Organizations: CNN, American, UCLA’s School of Theater, Film, Television, University of Sydney, New, Asahi Shimbun, Pink House Locations: California’s Bay, Japan, America, San Francisco , California, US, Oakland , California, Australia, British, Otaru, Hokkaido, Tokyo, Lolitas, California
This year, 59% retailers offer so-called "returnless" or "keep it" policies for unwanted products whose returns costs exceed their value, according to returns services firm goTRG, which surveyed 500 executives at 21 major retailers, including Walmart (WMT.N) and Amazon.com (AMZN.O). That information is "not something that retailers want out there" due to worries the policies could be abused by shoppers, he said. The firm helps retailers manage returns, which typically rise after pre-Christmas sales like Black Friday and Cyber Monday and continue beyond Christmas. The typical return costs retailers about $30. "You just can't afford to ignore it," she said of returns costs.
Persons: Shannon Stapleton, Sender Shamiss, Shamiss, Amena Ali, Ali, Gabrielle Richards, Pamela Peters, Peters, Lisa Baertlein, Arriana McLymore, Siddharth Cavale, Nick Zieminski Organizations: REUTERS, ANGELES, Black, Walmart, Super Bowl, Reuters, eBay, Appriss Retail, National Retail Federation, Amazon.com, Thomson Locations: Macy’s, Roosevelt, Garden City , New York, U.S, Los Angeles, New York
With high prices continuing to squeeze budgets, 47% of Americans say their charitable giving will be affected by inflation as the holidays approach, a recent WalletHub survey found. WalletHub's finding comes amidst a larger drop in individual charitable giving: Last year, Americans gave the smallest percentage of their disposable income to charity in nearly three decades, according to data from Giving USA. But this year, figuring out how you can donate may be difficult. 1 is to make sure that you're meeting all of your own basic needs," she says. As we enter giving season, here are three tips for those looking to donate to charity without breaking the bank.
Persons: Sara Young, Young Organizations: CNBC
When it comes to emotional spending, "the deck is stacked against us," says financial psychologist and certified financial planner Brad Klontz. Roughly 75% of both millennials and Gen Z admit to emotional spending, possibly because they're less likely to think about their retirement funds when clicking "buy." "But as you're pulling the trigger, you're pretty excited about this thing you're buying." While emotional spending is a common habit, it's not one you want to turn into a bigger problem. Nearly 40% of emotional spenders say they've gone into debt because of it, and Klontz warns of the stress that emotional spending can put on your finances and relationships.
Persons: Brad Klontz, Gen Z, they're, That's, Klontz, spender Organizations: CNBC
Ojekunle's debit card, which was linked to her parents' bank account, was declined after she attempted to pay for a few items at the grocery store. "That's like life-changing money," Ojekunle said. Becoming a big saverA big part of financial stability is psychological, and financial trauma is real, she noted. As she got into the habit of saving, she began transferring money directly to the account. According to a screenshot of her bank account viewed by Insider, she was also able to save over six figures before purchasing her home.
Persons: Niké Ojekunle, Ojekunle, I'm, Barnes, Noble, Rich Dad Poor Dad, spender, TikTok, lockdowns, I've Organizations: Business, Nissan, Apparel, Hyundai, Adidas, Food, Costco Locations: Los Angeles, Florida
New York CNN —Sephora has drastically changed the way people shop for fragrances in its stores, and it’s blaming store thefts for it. Sephora locked up the fragrances and added more staff specifically tasked with stopping theft. “To minimize the threats of retail theft and to provide our shoppers with the peace of mind during their experience at Sephora, we’ve increased the presence of Sephora loss prevention investigators across all stores. “The ultimate victim of retail crime is 100% the consumer,” said Landon Winkelvoss, co-founder of Nisos, a provider of threat intelligence to companies and organizations. “Sephora freed the products and put them straight into consumers hands so they could touch, swatch and experience the products at their leisure,” she added.
Persons: New York CNN — Sephora, Sephora, I’m, , Mark Skertic, Skertic, Landon Winkelvoss, Manola Soler, Alvarez, “ Sephora Organizations: New, New York CNN, CNN, , eBay, Facebook, Walgreens, Marsal’s Consumer, Retail, swatch Locations: New York, Sephora, Chicago
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTarget's CEO said Wednesday that customers are continuing to make more tradeoffs in their family budgets and delay some spending. The lower price-points are meant to inspire more of the unplanned purchases that make a Target run a Target run. "This year, we've seen more and more consumers delaying their spending until the last moment," Cornell said. "It all puts pressure on discretionary spending."
Persons: , Brian Cornell, Christina Hennington, we've, Cornell, Anna Wong Organizations: Service, Bloomberg Economics, Target
After three years of record growth, luxury companies are feeling the pain as sales slow to a more normal pace. Nowhere have the struggles of the luxury sector been more prominent than in the French conglomerate LVMH Moet Hennessy Louis Vuitton , the group's bellwether. This dynamic tends to hurt the less-prestigious luxury brands more, according to Rogerio Fujimori, an analyst at Stifel. "Chinese [consumers] are back to Southeast Asia and Japan, but there's still a long way to go in terms of Europe. LVMH and other European luxury brands have been market leaders among European equities since 2021 until the first half of 2023.
Persons: Richemont, Burkhart Grund, LVMH Moet Hennessy Louis Vuitton, Gucci, Ashley Wallace, Bernstein, Luca Sola, Rogerio Fujimori, Fujimori, Wallace, Stifel's Fujimori, there's, Richemont's Grund, , Fujimori foresees, we've, Hermes, Brunello, Thomas Chauvet, Louis Vuitton, Brunello Cucinelli, LVMH, Dior, Markus Hansen, Hansen, America's Wallace, It's, Vontobel's Hansen, — CNBC's Michael Bloom Organizations: Cartier, Bank of America, U.S, U.S ., EU, Europe, Citi, Bank, Gucci, Bottega Locations: U.S, Europe, Japan, China, Southeast Asia, China's, Thursday's, Kering
Patrick Parker Walsh is serving five and half years in federal prison for stealing nearly $8 million in federal COVID-19 relief funds that he used, in part, to buy the island. Instead, he's serving five and half years in federal prison for stealing nearly $8 million in federal COVID-19 relief funds that he used, in part, to buy Sweetheart Island. They potentially plundered more than $280 billion in federal COVID-19 aid; another $123 billion was wasted or misspent. They've created special "strike forces " to hunt down COVID-19 aid thieves and vowed not to give up the chase. A few weeks after Oudomsine applied for the pandemic aid, the government rushed him $85,000 to keep his non-existent business afloat.
Persons: Richard Lardner, Patrick Parker Walsh, Julio Aguilar, he's, fraudsters, Donald Trump, Ivanka Trump, James Brady, Trump, Alex Wong, Bob Westbrooks, Westbrooks, They've, Lisa Monaco, General Merrick Garland, Garland, David Weiss, Hunter Biden, Joe Biden, Drew Angerer, Konstantinos Zarkadas, Cartier, Zarkadas, Lee E, Price III, Price, Vinath Oudomsine, Oudomsine, Mickey Mantle, Dudley H, Bowen, Patrick Walsh's, Walsh, Jamie Lovemark, Kevin Lamarque Organizations: Press, AP YANKEETOWN, Associated Press ., James, Getty, YouTube, U.S . Justice, Top Justice Department, U.S, U.S . Department of Justice, Rolex, Houston, Associated Press, National Transportation Safety Board, Bethany Locations: Yankeetown, Fla, Sweetheart, Coast, Florida's, Florida, Associated Press . WASHINGTON, DC, U.S, Washington ,, Las Vegas, Tennessee, Vermont, COVID, Washington , DC, New York, Houston, Georgia, America, Bethany Beach , Delaware
Many computer science majors say job hunting has become tougher after layoffs hit the industry. Ben Leong, a Singaporean computer science professor, said getting a job was never easy. He told Insider he picked his major because he was interested in technology — and also because of the industry's salaries. Wong told Insider last month that he's applied to 17 jobs and has heard back from five companies. AdvertisementAdvertisementBryan Ho, a 23-year-old junior studying computer science at the National University of Singapore, told Insider he's applied for roughly 100 internships.
Persons: Ben Leong, , Joel Wong, Wong, Bryan Ho, he's, Ho, Ethan Ang, Ang, sprees, That's, Leong, Aline Lerner, Insider's Kali Hays, NodeFlair's Ang Organizations: Service, National University of Singapore, Tech, Facebook, Google, Big Tech, MIT Locations: Singapore, Asia, The Singapore, Southeast Asia
What are the symptoms of bipolar disorder?
  + stars: | 2023-11-02 | by ( Douglas Wood | Sandee Lamotte | ) edition.cnn.com   time to read: +6 min
Signs of bipolar disorder: ManiaWhen a person with bipolar disorder is “up,” they are often euphoric — intensely happy, excited and full of energy — but unusual irritability can also be part of the swing, according to the Mayo Clinic. Signs of bipolar disorder: Major depressionThe polar opposite of the manic side of bipolar disorder are the periods of depression, often severe or “major” depression that can cause significant problems at work, school, home and in relationships. Different types of bipolar disorderThere are several types of bipolar disorder, which differ by how symptoms present, according to the Mayo Clinic. A long-term study called the Systematic Treatment Enhancement Program for Bipolar Disorder has found that people “taking medications to treat bipolar disorder are more likely to get well faster and stay well if they receive intensive psychotherapy.”Is bipolar disorder genetic? For example, researchers found that bipolar I disorder is genetically similar with schizophrenia, while bipolar II disorder shares more genetic similarity to major depression.
Persons: Taylor Tomlinson, ” Tomlinson, “ Taylor Tomlinson, Jason Mendez, Mayo, ” NAMI Organizations: CNN, CBS, Netflix, Mount Sinai, National Alliance, Mental, Mayo Clinic, Psychiatric Genomics Consortium Locations: Mount, New York City, Mayo
John Paulson is suing his former Puerto Rico business partner. Ghaffar used the scheme to fund his shopping at Chanel and partying in Las Vegas, Paulson alleges. AdvertisementAdvertisementJohn Paulson is suing his former business partner in Puerto Rico, alleging that he and several family members duped the investor out of millions of dollars to fund luxury shopping sprees, Las Vegas parties, and other expenditures. Ghaffar sued Paulson earlier this month, claiming he'd been cheated out of a 50% stake in a luxury car dealership. Ghaffar joined the firm as a junior analyst and eventually rose to become a senior manager in Puerto Rico.
Persons: John Paulson, Fahad Ghaffar, Ghaffar, Paulson, , Fahad, Paulson's, Saint Barthélemy, he'd, didn't Organizations: Chanel, Service, Paulson, Louis Locations: Puerto Rico, Las Vegas, San Juan, Louis Vuitton, Saint, New York City
"We're staffed and ready to serve the customers this holiday season," Maren Dollwet Wagonner, senior vice-president of people, said in a LinkedIn postlast week. Walmart, like other retail chains, has been cautious in its holiday season outlook, saying customers are stressed by high food prices, depleted savings and higher interest rates. The statement from America's largest private employer with 1.7 million employees offered analysts insight into possible holiday shopping results. Except for Amazon, which plans to hire 250,000 holiday season workers, several other U.S. chains including Macy's have issued muted hiring plans for the period. While U.S. retail job applications are up 46%, job openings are down 25% and actual retail hiring is down by 12% in the year through September, according to talent acquisition company iCIMS.
Persons: Kamil Krzaczynski, sprees, We're, Maren Dollwet Wagonner, Andrew Challenger, Neil Costa, Walmart's, Spencer, Siddharth Cavale, Mark Porter, Richard Chang Organizations: Walmart, REUTERS, Challenger, U.S, Walmart's LinkedIn, Thomson Locations: Chicago , Illinois, U.S, Britain, New York
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