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With no federal oversight of workplace benefits like paid leave and caregiving policies, corporate leaders are being asked to take the lead. Goldman Sachs , American Express , Deckers Outdoor, S&P Global and Splunk are the top companies for parents in 2024, according to Just Capital's research. The "indirect costs" are the loss of productivity during an employee's leave, temporary replacement and cost of administering a paid leave program. "Paid parental leave is an expensive proposition," said Yvette Lee, an HR knowledge advisor at SHRM. Lee said the investment in paid parental leave and similar policies may make sense in the long run.
Persons: Alison, it's, Goldman Sachs, Lauren, Mario Washington, SHRM, Yvette Lee, Lee Organizations: Just Capital, CNBC, American Express, P, P Global, Society for Human Resource Management Locations: SHRM
McDonald's U.S. franchisees will start paying into a digital marketing fund next year as the fast-food giant looks to expand its booming digital business, according to a memo viewed by CNBC on Thursday. Loyalty program members accounted for more than $6 billion in system-wide sales globally during McDonald's first quarter. The company has 34 million active digital customers in the U.S. By comparison, Chipotle Mexican Grill has 40 million loyalty members, while Starbucks has 32.8 million. In December, McDonald's said it aims to reach 100 million loyalty program members by 2027. Franchisees in the U.K., Canada, Australia and Germany will also pay into the global digital marketing fund.
Persons: Tariq Hassan, Whitney McGinnis, McDonald's Organizations: CNBC, Grill, Starbucks Locations: U.S, Canada, Australia, Germany
astead herndonLast year, the comedian was Roy Wood Jr., a veteran of “The Daily Show” on Comedy Central —archived recording (roy wood jr.) Happy to be here. I don’t think you can ignore anything that the American people are bringing to you. So I think that’s where it ain’t funny to a lot of people. And I think that’s what we’re — those are the only two things we’re armed with is either laughs or yelling. But now do you want the funny guy that’s going to be in control of your uterus?
Persons: astead herndon, Jon Stewart, Wanda Sykes, roy, Dark Brandon, Roy Wood Jr, astead herndon —, I’ll, I’m, Clarence Thomas, There’s, Trump, it’s, Donald Trump, , Biden, ” I’m Astead, , Showtime ”, that’ll, astead herndon Really, It’ll, astead, Jim Messina, Joe Biden, Rupert Murdoch, That’s, Harry Styles, Don Lemon, Harris, Ron Klain, exoticize Joe Biden, Scranton Joe, we’re, you’re, Obama, herndon, we’ve, Bob Dole, that’s, George Floyd, They’re, what’s, Roy, Buddy, who’s, Trayvon Martin —, let’s, Ludacris, Kim Kardashian, Ray J, Kardashian, astead herndon Roy, he’s, Joe Biden’s, It’s, I’ve, He’s, George Lopez, they’re, astead herndon I’m, there’s, John Oliver — astead herndon, , Sarah Palin, Tina Fey’s, Nikki Haley, ain’t, Haley, Nikki Haley can’t, donald, Ron “ DeSanctimonious, astead herndon It’s, who’ve, Obama Obama, Lock, Hillary’s, Marco, You’re, Little Marco, Karine Jean, Pierre, astead herndon That’s, Donald Trump’s, Stormy Daniels, Jonah Bromwich, haven’t, jonah bromwich You’ve, We’ve, Michael Cohen, David Pecker, don’t, Trump — jonah bromwich, He’ll, biden, astead herndon Joe Biden, Let’s, She’s Organizations: White, Super, Comedy, , Disney, The New York Times, Showtime, astead herndon, Trump, Biden, Paramount, BET, Scranton, Republicans, Florida, M University, Black College, Republican, Democratic Party, Democratic, Democrat, RFK, Party, Tea Party, SNL, Democrats, Tower, National, , AMI, Trump — Locations: Washington , DC, France, America, ” I’m Astead Herndon, herndon, Scranton, Tallahassee, Birmingham , Alabama, Birmingham, astead herndon, South Carolina, CPAC, Palestine, Israel, Manhattan, Florida, Tampa, Pennsylvania
AdvertisementCities that offer financial support to low-income families could see a decline in child abuse rates, researchers say. Welfare referrals can stem from suspected physical harm of a child, sexual abuse of a child, or situations where a child isn't given basic necessities. Economic stress creates risk factors for abuseDarwiche is a pediatrician at the Children's Hospital of Philadelphia and specializes in cases of child abuse. Financial safety nets could reduce child neglectDarwiche called income support a prevention strategy for child abuse. Child tax credits, similarly, allow some families to rise out of poverty by offering ongoing financial relief to adults with dependents.
Persons: , Dr, Sabrina Darwiche, Darwiche, hospitalizations, Zoe Bouchelle, Bouchelle Organizations: Service, Children's Hospital, Philadelphia's, Children's Hospital of Philadelphia, Financial, SNAP, Denver, Biden Administration, ARPA, Denver Health, Children's Locations: America, San Antonio, Austin
Mariam Pettit, partner at Global Founders Capital, said the rush toward AI was in part driven by investor FOMO. While investors and industry insiders don't anticipate the same fate for generative AI startups, many see the parallels between the two industries. Indeed, VCs are paying premiums and pre-empting rounds into hot AI startups in a bid to get a place on the cap table. AI founders are aware that they need to differentiate themselves in order to survive, at the very least. "And with vertical AI startups, it's much clearer that all the data we have is approved by the creator of that data."
Persons: Marc Andreessen, ChatGPT, Mariam Pettit, FOMO, Rainer Haeckl Web3, Sam Bankman Fried, Ash Arora, LocalGlobe, Arora, Sam Altman, Andreessen Horowitz, Ayman Fadil, Fadil, Pettit, Devang Agarwal Organizations: Business, Alpha, Global Founders Capital, Investors, Tech, Talis Locations: German, London, Web3, LocalGlobe, Jasper
The narrow margin in Congress leaves both major parties fighting fiercely for every available seat in 2024. “By Lauren Boebert district shopping and becoming a carpetbagger so she can keep her office in D.C., she has now become part of the swamp,” he said. Still, Boebert is joining a race that is practically guaranteed to elect a Republican anyway, said Galdieri. Before she switched districts, Boebert had apologized up and down Colorado’s 3rd district as part of her last-ditch strategy against Frisch. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
Persons: , Lauren Boebert, Donald Trump, , Robin Varhelman, She’s, Big, Boebert, Boebert's, vaping, Adam Frisch, tangibly, ” Boebert, , Richard Hudson, Frisch, he’s, Jeff Hurd —, Mike Johnson, Richard Holtorf, Lauren, Christopher Galdieri, who’ve, — she’s, Dawn Whitney, Whitney, Holtorf, Mike Lynch, she’s, Mark Moorman, She’d, that’s, Seth Masket, Debbie Spear — Organizations: Colo, Colorado Republican, U.S ., Trump, Republican, U.S . House, GOP, Democrat, National Republican Campaign, Saint Anselm College, Republicans, Representatives, Center, Associated Press, America Statehouse News Initiative, America Locations: Colorado, U.S, Washington, Brush, Denver, Lauren Boebert, New Hampshire, she’s, Boebert, Colorado’s House, Colorado’s, Texas
Iowa voters will bear subzero wind chills on Jan. 15 to sit in school gyms, churches and community centers and discuss who they want to be the next U.S. president. The Iowa caucuses are the first voting events in the Republican presidential primary. Why do Iowa caucuses matter? Democrats have intentionally lessened their emphasis on the Iowa caucuses due to a vote-counting blunder in 2020. How can you follow the Iowa caucuses?
Persons: Joe Biden, Donald Trump, Surrogates, caucusgoers, Trump, Pete Buttigieg, Biden, Ted Cruz, outdoing Trump, Vivek Ramaswamy, Grassley, Ron DeSantis, Eric Trump, Nikki Haley, Ramaswamy, Bob Vander Plaats, Asa Hutchinson, caucusing Organizations: Republican, North Dakota ., Virgin, Democratic, Republican National Convention, Democrats, GOP, Florida Gov, U.N, Former Arkansas Gov, CT, Voters, CNBC Locations: Des Moines , Iowa, Iowa, U.S, Nevada , Wyoming, North Dakota, North Dakota . U.S, American Samoa, Guam, , Iowa, New Hampshire
Goldman Sachs reiterates Amazon as buy Goldman Sachs said it's standing by its buy rating ahead of earnings later this month. Citi reiterates Netflix as buy Citi said it's standing by its buy rating on the stock heading into earnings next week. Bank of America reiterates Ford as buy Bank of America said its standing by its buy rating on the stock despite the strike at Ford's largest truck plant. Bank of America upgrades Target to buy from neutral Bank of America said it sees an attractive risk/reward for Target shares. " RBC downgrades ResMed to sector perform from outperform RBC said in its downgrade of ResMed that it sees slowing earnings growth.
Persons: Warby Parker, BTIG, Goldman Sachs, Morgan Stanley, it's, JPMorgan, Bernstein, underperform Bernstein, CLX, Ford, Wells, Wells Fargo, Truist, it's bullish, D.A, Davidson Organizations: Citi, Netflix, 4Q23, Barclays, Spotify, Taiwan Semiconductor, JPMorgan, RBC, BMO, Bank of America, Ford's, UAW, Detroit, underperform Bank of America, 3Q, Microsoft, " Bank of America, of America, Exxon Mobil, Exxon, Pioneer, Seaport, Mizuho Locations: 2H24
Ukrainian President Volodymyr Zelenskyy on Sunday vowed stern retaliation for a Russian missile strike in the center of the northern Ukrainian city of Chernihiv that killed seven people and wounded almost 150 others the day before. He identified a 6-year-old girl named Sofia as among the dead in the attack and confirmed that the wounded included 15 children. Meanwhile, Russian air defenses jammed a drone flying towards Moscow early Sunday causing it to crash. Later on Sunday, Starovoit reported that a drone attack on an electrical substation on Saturday had left over 5,500 people in two districts without power, which was later restored. Successful strikes have exposed the vulnerabilities of Moscow's air defense systems.
Persons: Volodymyr Zelenskyy, Zelenskyy, Vyacheslav Chaus, Oleh Syniehubov, Mark Rutte, Rutte, Vyacheslav Gladkov, Roman Starovoit, Starovoit Organizations: NATO, Kharkiv, Gov, Internal Affairs Ministry, Dutch, Kyiv, Defense Ministry, Moscow, Russia's Defense Ministry, Kremlin Locations: Russian, Ukraine, Chernihiv, Ukrainian, Russia, Sweden, Lithuania, Sofia, Kupiansk, Vovchansk, Kharkiv, Netherlands, United States, Eindhoven, Denmark, Belgorod, Kyiv, Kursk
I had been saving to buy a house, but prices in Southern California have made that unlikely. I decided to stop focusing on trying to buy a house, which means I can put more toward retirement. I'm okay knowing I might be renting for life, as it means I can streamline my finances. Instead of using my HSA contributions toward health-related expenses, I'm investing my HSA funds. Now that I've nulled out savings to buy a home, my financial goals feel more streamlined.
Persons: I've, homeownership, Roth, it's, There's Organizations: Service, realtors Locations: Southern California, Wall, Silicon, Los Angeles
UK net-zero ‘pragmatism’ is an odd way to get real
  + stars: | 2023-08-04 | by ( George Hay | ) www.reuters.com   time to read: +7 min
Yet official UK figures do not suggest the way to get real on climate change is to go any slower. Sunak himself has defended Britain’s record on climate and says he cares about reaching its 2050 net-zero target. As such the net cost of net zero may be more like 344 billion pounds over three decades, or perhaps only 0.4% of GDP per year. Policy certainty will meanwhile encourage foreign investors to help pay for Britain’s transition, reducing its exposure to gas price shocks. UK energy secretary Grant Shapps said on Aug. 2 that the government remained “absolutely committed” to hitting its net-zero carbon targets by 2050.
Persons: Rishi Sunak, Sunak, dawdling, Andrew Forrest, , ” Sunak, Michael Gove, Grant Shapps, , Neil Unmack, Streisand Neto, Oliver Taslic Organizations: Reuters, Sunak’s Conservative Party, Budget, Reuters Graphics Reuters, , McKinsey reckons, Britain, Conservatives, Thomson Locations: Britain, London, China, United States, North
Insider spoke to three Barbie collectors who seem unfazed by the potential rise in the dolls' worth. As a collector doing it for love, he told Insider those looking to make money should invest in other things. Antique expert Dr. Lori told Insider she estimates a 25% rise in the doll's value in the build-up to the film's release and immediately afterward. "There are too many elements to the concept of value, and it's rarely just about finance," Yang told Insider. Even if these Barbie collectors were looking to make a quick buck in Gerwig's box office weekend, selling Barbies isn't easy.
Persons: Greta Gerwig's, Jian Yang, Yang doesn't, Yang, Barbie, Margot Robbie, Ryan Gosling, MarketBeat, Lori, Hankwitz, Mattel, Tommy Hilfiger, Gigi Hadid, Calvin Klein, Juno, Teresa, Arjen, Queen Elizabeth, Tina Turner, It's, I've Organizations: Service, Google, Mattel, Warner, Air, Nike, billings, eBay Locations: Wall, Silicon, Singapore, Philadelphia, Netherlands, Poland
“We need to separate by red states and blue states and shrink the federal government,” Greene said in a tweet on President’s Day this year. Blue state governors, legislatures and mayors might respond to such an offensive in forceful ways difficult to predict today. The Republican-appointed majority on the US Supreme Court has encouraged the red state social offensive with decisions that stripped away national rights – most prominently on abortion and voting. “Given the make-up of the courts, it’s difficult for blue states to be hopeful about this,” says Kettl. “The United States does not get to assume that it lasts forever.”
Persons: we’ve, , Donald Kettl, Donald Trump, I’ve, ’ “, Trump, Daniel Cox, Alan Wolfe, Wolfe, ” Wolfe, , Joe Biden, Trump –, Abraham Lincoln, Marjorie Taylor Greene, Kevin McCarthy, ” Greene, Susan Stokes, Stokes, he’s, Biden, Jim Crow, Cox, Michael Podhorzer, what’s, MAGA, Eric Liu, Liu, Richard Nixon’s, Liu’s, ” Liu Organizations: CNN, America, University of Maryland’s School of Public Policy, Republican “, American Enterprise Institute, Boston University, Republican, Democratic, Chicago Center, Democracy, University of Chicago, CBS, Trump, National Guard, Fugitive, , US, GOP, White House, AFL, Citizen University Locations: United States, States, America, Black, Confederate States, Georgia, Midwest, Heartland, Great, New York, Memphis, Austin, Blue, Michigan , Pennsylvania, Wisconsin, Arizona
Sam Altman is a man on a mission: Sell the world on AI. Insider spoke to people who met or saw Altman during his tour, who say the CEO was a convincing preacher. Sam Altman knows he's at an inflection point. On June 9, at a fireside chat in Seoul, Korea, the OpenAI CEO acknowledged he was on a "diplomatic mission." "Sam replied that he did not know and asked the student to tell him in ten years," Mathew said.
Persons: Sam Altman, Altman, Isaac Herzog, He's, Narendra Modi, Yoon Suk, Emmanuel Macron, Rishi Sunak, ChatGPT, Varshal Gupta, Gupta, OpenAI, Sam, Frances, , Jacob Mathew, Mathew, Felfoul Organizations: Knights, Innovation, Google, Health, OpenAI, Qatar National Library, European Union, EU, WISE Locations: Seoul, Korea, Israel, Jordan, Qatar, UAE, India, Tel Aviv, South Korea, France, Delhi, Doha, European
Novo Nordisk’s chunky valuation risks crash diet
  + stars: | 2023-05-04 | by ( Aimee Donnellan | ) www.reuters.com   time to read: +4 min
LONDON, May 4 (Reuters Breakingviews) - Novo Nordisk’s (NOVOb.CO) weighty valuation could be headed for a crash diet. This lofty position is thanks to its domination of the obesity market via its Wegovy drug. Obesity sales for Novo are still only expected to reach $12 billion by 2027, according to estimates from Visible Alpha. It also remains unclear how fast the obesity drug market will grow. Novo reported earnings before interest and taxes of 25 billion Danish crowns ($3.72 billion), above an average analyst forecast of 22.4 billion, according to a Refinitiv poll.
US House Speaker Kevin McCarthy arrives on Wall Street to deliver a speech on the econony at the New York Stock Exchange (NYSE) in New York on April 17, 2023. It's an unusual setting for a political speech, but McCarthy's visit Monday will echo former President Ronald Reagan's visit to the floor in 1985, his first of two as president. As Congress returns to from a two-week recess to a summery capital where the Treasury Department's mid-summer debt ceiling deadline feels tangibly closer, McCarthy finds himself in an increasingly difficult position. In a statement Monday morning in advance of McCarthy's speech, White House spokesman Andrew Bates accused the California Republican of "holding the full faith and credit of the United States hostage, threatening our economy and hardworking Americans' retirement." Meanwhile, McCarthy's own caucus of House Republicans isn't making his job any easier, since the GOP only has a slim majority.
"Presumably, this will also see a cessation of Fed policy rate hikes after one more possible hike at the May meeting, although it’s also possible the Fed is done already," he added in an emailed statement to Reuters. For now, traders take a more dovish view and are betting policymakers will cut rates later in the year, taking the fed funds rate to 4.35% from its current 4.75% to 5% range. Investors will be closely watching an inflation report on Wednesday to gauge the near-term trajectory for interest rates. According to Rieder, inflation should ease going forward, in line the economic slowing seen last month. "Hopefully ... markets can look forward to a more relaxed Fed from here," he said.
IAG takeoff weighed down by debt dilemma
  + stars: | 2023-02-24 | by ( Aimee Donnellan | ) www.reuters.com   time to read: +3 min
Its $11 billion net debt pile, a legacy of an epic collapse in revenue during the pandemic, is tangibly more than its $9.4 billion market capitalisation. While Friday’s 2022 results showed operating profit of only 1.22 billion euros, well below the 3.3 billion euros it delivered in 2019, the last few years have seen big operating losses. Operating profit could be as high as 2.3 billion euros in 2023, according to company forecasts. More holidaymakers mean revenue last year was over 23 billion euros, compared to less than 8.5 billon euros in 2021. IAG announced an operating profit of 1.22 billion euros for 2022 and forecast 2023 operating profit in the range of 1.8 billion euros to 2.3 billion euros.
Improvements in artificial intelligence are the "most important" innovation at the moment, billionaire philanthropist Bill Gates said in an interview published Friday. Microsoft announced this week that its Bing search engine will be powered in part by ChatGPT AI technology. The optimizations that AI can offer for reading and writing, Gates said, will make a "huge impact." In healthcare and education spaces, Gates continued, AI can tangibly improve efficiency and meaningfully improve outcomes. In other words, traditional AI platforms couldn't actually process the language they were taking in.
Dollar pulls back as Powell sticks to usual Fed playbook
  + stars: | 2023-02-08 | by ( Rae Wee | ) www.reuters.com   time to read: +3 min
The U.S. dollar struggled to recover its losses in Asia trade on Wednesday, after slipping in the previous session as Powell spoke. Similarly, the euro was last 0.04% higher at $1.0732, after falling to $1.06695 in the previous session, its lowest since Jan. 9. Against a basket of currencies, the U.S. dollar index steadied at 103.31, after slipping 0.3% in the previous session. Futures pricing shows that markets are expecting the Fed funds rate to peak just above 5.1% by June. Elsewhere, the Japanese yen rose 0.16% to 130.88 per dollar, after surging 1.2% in the previous session.
Entrepreneur Deidre Mathis made an effort to not Google Donna Harris, her new business mentor, before their first meeting. Through the mentorship relationship, Mathis identified her values and mission, and enshrined those in her company culture. One of Mathis' goals was to hire a manager. With these documents, Harris coached Mathis through the values-creation process, where the two determined the ethos of Mathis' business based on her personal values and priorities. "As a small-business owner, your personal values and your business values are an overlapping Venn diagram," Harris said.
SolarEdge could be in for big gains in the near-term as its outlook improves, Bank of America said Wednesday. Analyst Julien Dumoulin-Smith upgraded the stock to buy from neutral and increased his price target to $367, which presents an upside of 22.8% from Tuesday's. SolarEdge is regaining ability to raise prices in markets after losing pricing power amid competitive pressures from Chinese competitors, the analyst said. Management believes it could see an operating margin between 20% and 22% within its core solar offering by the end of 2023, which would mark an increase from the prior margin target of between 17% and 19%. Increasingly revenue from it power optimizer will also help its operating margin.
Bank of America reiterates Warner Brothers Discovery as buy Bank of America said Warner Brothers Discovery shares are the "best value in media." Wolfe downgrades Shopify and Chewy to peer perform from outperform Wolfe downgraded Shopify and Chewy on concerns about consumer weakness in e-commerce. "We are also revising our ratings on SHOP and CHWY to Peer Perform from Outperform after the recent rally." Peer Perform previously)." JMP upgrades MongoDB to market outperform from market perform JMP upgraded the developer data platform company after its earnings report on Tuesday.
The Maltese government has said it will propose a change to its total ban on abortion. Under the proposed changes, doctors can terminate a pregnancy if the mother's life is at risk. The U-turn comes after Andrea Prudente from Seattle nearly died on the island due to her pregnancy. The proposed changes, however, will not allow for abortion in any other circumstances, including rape, incest, or severe fetal anomalies. —Doctors for Choice Malta (@Drs4ChoiceMalta) November 16, 2022However, Prudente's placenta detached at 16 weeks, making her pregnancy unviable and putting her at risk of a severe, life-threatening infection.
But he said older VCs he's interacted with mostly tend to disagree and stick to emails when interacting with founders. Nathwani strayed into venture capital after finishing his A-Levels, as it looked like a good way to marry his interests in social impact and investing. He spoke with a few investors and a founder as part of his job as a summer associate at Social Impact Capital. He spent most of the morning working on an impact report for Social Impact Capital. 2:30 p.m.Nathwani used some time after lunch to do more work for Social Impact Capital and wade through his 30,000 unread emails.
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