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☆ Janet Yellen warns AI in finance poses ‘significant risks’
▼ + stars: | 2024-06-05 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

For instance, Yellen will note that the “complexity and opacity” of AI models could cause problems. The problem is that many AI models operate as a “black box,” meaning their inner workings are impenetrable to outsiders. If Wall Street firms are relying on mysterious AI models, regulators will struggle to understand how safe their systems truly are. Likewise, Yellen will say there is a “concentration” risk linked to the fact that there are only a few companies providing AI models. AI models have a history of making stuff up, often in a convincing way.

Persons: Janet Yellen, Yellen, OpenAI’s ChatGPT, “, ” Yellen, ”, “ We’ve Organizations: CNN, US Treasury Department, Brookings Institution, Treasury, IRS, Treasury Department

☆ Three Trump allies charged in Wisconsin fake elector scheme
▼ + stars: | 2024-06-04 | by ( Hannah Rabinowitz | Zachary Cohen | ) edition.cnn.com time to read: +5 min

Wisconsin is the latest state to bring charges against people connected to the former president involved in the broad effort to overturn the presidential election results. “We hereby reaffirm that Joseph R. Biden, Jr. won the 2020 presidential election and that we were not the duly elected presidential electors for the State of Wisconsin for the 2020 presidential election,” a portion of their statement said. “We oppose any attempt to undermine the public’s faith in the ultimate results of the 2020 presidential election.”Chesebro was previously charged, and pleaded guilty, in the Georgia probe. This undercut his testimony to state prosecutors in which he said the fake electors were contingent on winning the litigation. Chesebro discussed the episode with Wisconsin investigators when he sat for an interview as part of the attorney general’s probe into the fake electors plot.

Persons: Donald Trump, Kenneth Chesebro, Jim Troupis, Michael Roman, Tony Evers, ”, Chesebro, CNN’s KFile, Joe Biden’s, Trump, “, Joseph R, Biden, Jr, ” Chesebro, Jack, Trump . Roman, Troupis, Mike Pence, CNN’s Marshall Cohen, Katelyn Polantz, Alison Main Organizations: CNN, Trump, Troupis, Democratic Wisconsin Gov, ” CNN, State, Trump ., White, Wisconsin, Wisconsin GOP Locations: Wisconsin, Michigan , Arizona , Nevada, Georgia, ”, Arizona, Michigan, Washington, DC, Milwaukee

☆ Mexico holds historic election in race largely overshadowed by violence
▼ + stars: | 2024-06-02 | by ( ) www.cnbc.com time to read: +4 min

Former Mexico City mayor Claudia Sheinbaum speaks after being named presidential candidate of the ruling Morena party for next year's presidential election in Mexico City on September 6, 2023. Voters in Mexico are participating in the country's largest election ever — casting votes Sunday to fill more than 20,000 local, state and federal positions and almost certainly elect their first female president. But rampant violence has marred the road toward one of the most consequential elections in Mexico's history. Violence against political figures has also persisted throughout this election cycle, resulting in a 150% increase in the number of victims of political violence since 2021, according to an analysis from Integralia, a public affairs consulting firm that researches political risk and other issues in Mexico. These have greatly dismayed Mexican voters, leading most of them to cite security as a top issue of concern.

Persons: Claudia Sheinbaum, Xóchitl, Jorge Álvarez Máynez, Andrés Manuel López Obrador, López Obrador, Tony Payan, Lopez Obrador, Mexico's Organizations: Mexico City, Voters, Mexico's National Institute of Statistics, Broad, Citizen, Center, U.S, Rice, Baker Institute for Public, National Action Party, PAN, Democratic Revolution Party, Institutional Revolutionary Party, — Locations: Mexico City, Mexico, U.S, Morena, Mexican, United States

☆ Alito tells lawmakers he will not recuse from Supreme Court cases despite flag controversy
▼ + stars: | 2024-05-29 | by ( John Fritze | ) edition.cnn.com time to read: +8 min

“The two incidents you cite do not meet the conditions for recusal,” Alito wrote in a letter distributed by the Supreme Court. Supreme Court justices rarely get into a back-and-forth with lawmakers and many members of the court do not explain their reasons for recusing – or not. Video Ad Feedback See how GOP lawmakers reacted to Judge Alito's flag controversy 01:24 - Source: CNNThe Supreme Court is weighing major cases tied to the 2020 election and the attack on the US Capitol. From Google“I had no involvement in the decision to fly that flag,” Alito wrote. Justice Alito also told Fox News the neighbor used the term “c*nt” at one point during the exchanges.

Persons: Samuel Alito, ” Alito, Alito, recusing, Alito's, Donald Trump’s, Jack Smith’s, “, –, Martha, Ann Alito, Samuel Alito's, Illinois Sen, Dick Durbin, ” Durbin, ”, ” Sen, Sheldon Whitehouse, Clarence Thomas ’, —, Sen, Richard Blumenthal, CNN’s Kaitlan Collins, John Roberts, Thomas, Hank Johnson, Alito’s, ” Johnson, Trump, Justice Alito, “ Alito, SCOTUS, Roe, Wade, CNN’s Piper Hudspeth Blackburn, Kate Sullivan, Jack Forrest, Morgan Rimmer, Tierney Sneed, Holmes Lybrand Organizations: CNN, Supreme, Trump, US Supreme, Google, ’, recusal, Democratic, Illinois Democrat, Rhode Island Democrat, Connecticut Democrat, Georgia Democrat, United States Supreme, New York Times, Fox News, Times, Republicans Locations: Alexandria, Virginia, New Jersey, Long Beach, Illinois, Connecticut, Georgia, House

☆ Opinion: Robert De Niro should have turned down role with Biden campaign
▼ + stars: | 2024-05-29 | by ( David Axelrod | ) edition.cnn.com time to read: +5 min

Biden did not want to feed Trump’s feverish charge that he was the cause of the former president’s myriad legal problems. But Biden and his campaign has mostly gone for the capillary, not the jugular. (It’s also a little bewildering why Team Biden, struggling with younger voters, cast De Niro as its point man here. Navigating Trump’s legal thicket has been a challenge for Biden from the start. Predictably, the Trump campaign jumped all over Tuesday’s events, accusing the Biden campaign of desperation and jury tampering.

Persons: David Axelrod, ”, Barack Obama, Obama, Robert De Niro, Joe Biden, Donald, Biden, Trump, “ I’ve, Niro, De, De Niro, he’s, it’s, Fingers, De Niro’s, It’s, Gen, Donald Trump Jr, Jr Organizations: CNN, White, Union, Trump, Twitter, Facebook, Biden Locations: Manhattan, De Niro

☆ US box office on track to have worst Memorial Day weekend since 1995
▼ + stars: | 2024-05-27 | by ( Eva Rothenberg | Alicia Wallace | ) edition.cnn.com time to read: +8 min

CNN —The summer movie season typically starts with a bang during the month of May and, particularly, during Memorial Day weekend. Memorial Day weekend (Friday through Monday) movie ticket sales are estimated at $128.3 million, according to Comscore data provided to CNN. In fact, the US box office is on track to have its lowest-grossing Memorial Day weekend since the $117.1 million seen in 1995, when “Casper” haunted the screens — and that’s not even adjusting for inflation. The tepid Memorial Day weekend continues what’s been a lukewarm start to the summer box office, a movie-going season that’s still reeling from the effects of last year’s Hollywood strikes. Industry experts agree that the 2024 box office has been sluggish so far , but remain hopeful that the box office can rebound by the end of the year and beyond.

Persons: it’s, ”, “ Casper ”, that’s, ” Paul Degarabedian, Comscore, “, Max, what’s, ” Dergarabedian, “ Barbie ”, “ Oppenheimer ”, Shawn Robbins, there’s, Degarabarian, Deadpool, ” “ Oppenheimer, Barbie ”, Dory, bloomer, Daniel Loria, ” Loria, ” Disney, Loria, “ Deadpool, Fandango, Robbins, “ That’s, ’, ” Robbins Organizations: CNN, Guild, SAG, Labor, “, Warner Bros, Warner Bros ., Star, Walt Disney Studios, Disney, Box, showtime, Century Entertainment, Writers Guild of America, Pixar, Marvel, Industry Locations: United States, “

☆ For Millennials, Living Alone Is Status Symbol Milestone
▼ + stars: | 2024-05-25 | by ( Juliana Kaplan | Rosalie Chan | ) www.businessinsider.com time to read: +14 min

That's helping establish a new millennial milestone for some: Ditching roommates, moving out from the family home, and landing on living alone. Business Insider's analysis of American Community Survey microdata from IPUMS found that 10.5% of millennials lived alone in 2022. Per BI's analysis of American Community Survey data via IPUMS, 16% of millennials lived with at least one parent as of 2022. (The data doesn't specify if that means they're living with their parents or if their parents are living with them.) Subsidized solo livingSome lower-earning millennials are able to get assistance reaching the solo-living milestone — but it's not always easy.

Persons: Jess Munday's, Jess Munday's San Francisco, Munday, " Munday, I'm, it's, IPUMS, millennials, Bella DePaulo, they've, DePaulo, she'd, Jess Munday, Dara Feller, Aria Velasquez, they're, " Velasquez, Velasquez, Erica Charles, she's, Charles, Rick Fry, Fry, She'd, She's, Clibborn, Sydney Krantz, He's, —, homeownership Chaz Zimmer, Chaz Zimmer, Adrianna Newell, Tomasz Piskorski, Piskorski, Zimmer hasn't, Zimmer, he's, James Paniagua, Paniagua, snagging, Julia Mazur, Kathy Pierre, Pierre Organizations: Business, American, Survey, Pew, BI Garak, BI, Subaru, Columbia Business School Locations: Jess Munday's San, Francisco's, San Francisco, Chicago, Washington ,, IPUMS, Florida, California, Waverly , New York, homeownership, Oakland , California, Los Angeles, Oakland, London, Austin, Charlotte , North Carolina, Charlotte

☆ The summer box office is playing catch-up after a rough start to the year
▼ + stars: | 2024-05-25 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +6 min

New York CNN —The summer box office is off to a lukewarm start. Last summer, blockbusters “Barbie” and “Oppenheimer” combined added nearly a billion dollars to the domestic box office, according to Comscore data. “Barring some major overperformances, this summer looks like it’ll be down 20% to 25% in box office grosses between May and August from last year,” said analyst Shawn Robbins, founder and owner of Box Office Theory. Industry experts agree that the 2024 box office has been sluggish so far , but remain hopeful that the box office can rebound by the end of the year and beyond. “Box office earnings have been down largely because of staggered gaps between widely appealing releases in the first half of the year,” said Robbins.

Persons: “ Barbie ”, “ Oppenheimer ”, “, Max, ” Paul Dergarabedian, ”, Shawn Robbins, ” “ Oppenheimer, Barbie ”, Dory, bloomer, Daniel Loria, ” Loria, ” Disney, Loria, “ Deadpool, Fandango, Deadpool, Robbins, “ That’s, ’, ” Robbins Organizations: New, New York CNN, Guild, SAG, CNN, Labor, “, Warner Bros, Warner Bros ., Star, Walt Disney Studios, Disney, Box, showtime, Century Entertainment, Writers Guild of America, Pixar, Marvel, Industry Locations: New York, United States, “

☆ Billionaire 'Bond King' Bill Gross explains why oil and gas pipelines are his top investment even as AI fervor swirls
▼ + stars: | 2024-05-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bill Gross told Barron's that oil and gas pipelines are a top investment of his as he seeks alternatives to a tapped-out bond market. He says these publicly-traded multiple limited partnerships offer strong returns with additional tax advantages. Rather than seeking opportunity in the bond market, the legendary billionaire is investing in oil and gas pipelines. Gross notes that the pipelines — which trade as master limited partnerships — possess many of the yield attributes of bonds. Previously, he attempted to trade Broadcom on AI hopes, but was "whipped back and forth," Gross shared in March commentary.

Persons: Bill Gross, Gross, —, that's, Barron's, " Gross, Con Organizations: Microsoft, IBM, Nvidia, Service, Energy, Western Pipeline, Gross, Broadcom, Dominion Locations: Barron's, Con Edison

☆ No walk-ins allowed: What to know when touring the world’s best wine regions
▼ + stars: | 2024-05-17 | by ( Penny Sadler | Erica Lamberg | ) www.cnbc.com time to read: +6 min

Wine touring in the Old WorldFrance Of France's 11 wine regions, Bordeaux, Burgundy (or Bourgogne) and Champagne are the most eminent. The United States California is renowned for wine tasting, though almost every state in the continental U.S. has a wine region or wine tourism area. Visitors can drive between vineyards, bike the Napa Valley Wine Trail, or book a ride on the vintage Napa Valley Wine Train. Barossa is one of the older wine regions in Australia, with some 200 cellar doors within two hours of Adelaide. South Africa South Africa may be considered a new world wine region, but Constantia, a top destination for wine tasting, is centuries old.

Persons: meunier, Chateau Angelus, Viniv Bordeaux, Georges Gobet, Montagne, Kim Kulish, Margaret River, Wine, Joey Estate, River, Groot Organizations: Michelin, Viniv, Afp, Getty, UNESCO, Heritage, Montagne de Reims, Travelers, United, Wine, Sonoma, Australia Wine, Bloomberg Locations: Europe, United States, Australia, South Africa, Bordeaux, Burgundy, Bourgogne, Vin, Chateau, Saint Emilion, France, Champagne, Italy Tuscany, Italy, Tuscany, Chianti, Greve, Alba, Piedmont, United States California, Napa Valley, Napa, Texas, Washington , Oregon, Virginia, New York, Yarra, Victoria, Barossa, Adelaide, Perth, Yarra Valley, Melbourne, South Africa South Africa, Constantia, Groot Constantia, South, Cape Town

☆ Bollywood and Indian politics: Influence of Modi and BJP on world’s largest film industry
▼ + stars: | 2024-05-17 | by ( Jessie Yeung | Rhea Mogul | ) edition.cnn.com time to read: +16 min

And most of these are Hindi films, meaning Bollywood holds an outsized influence on the country’s culture, identity and economy. A screengrab from the 2022 Bollywood film "The Kashmir Files." CNN reached out to several people from the film industry for this story, some of whom declined to be interviewed due to sensitivities around the topic. It encouraged some Bollywood filmmakers to “(lean) into the caricature of the Muslim villain,” he says. These films are growing fast; outside Bollywood, earnings from the South Indian media and entertainment industry have nearly doubled year on year, according to a 2023 report by the Confederation of Indian Industry.

Persons: India’s, Narendra Modi, Indranil Mukherjee, ”, Raja Sen, “ It’s, Modi, Tanul Thakur, …, Veer Savarkar, –, ” Adah Sharma, Pandits, Vivek Agnihotri, ” Sudipto Sen, Debashree Mukherjee, it’s, Thakur, Sen, Darab Farooqui, Sonu Mehta, Farooqui, “, she’s, Aamir Khan, ” Farooqui, Jawaharlal Nehru, Mukherjee, Yash Chopra, ” That’s, ” Thakur, ” Sen, “ We’ve, ’, Dharmendra, Noemi Cassanelli, “ Something’s Organizations: India CNN —, Bharatiya Janata Party, BJP, Observers, Hollywood, Republican, Modi’s, Getty, CNN, Ministry of Culture, of, Netflix, Columbia, Social Democratic Party of India, Hindustan Times, Columbia University, Journalists, Confederation of Indian Industry Locations: Mumbai, India, Kerala, Kashmir, Jammu, Columbia University’s, Middle Eastern, South, Jaipur, New Delhi, Pakistan, United States, Tamil Nadu

☆ Dabney Coleman, Actor Audiences Loved to Hate, Is Dead at 92
▼ + stars: | 2024-05-17 | by ( Mike Flaherty | ) www.nytimes.com time to read: +1 min

Dabney Coleman, an award-winning television and movie actor best known for his over-the-top portrayals of garrulous, egomaniacal characters, died on Thursday at his home in Santa Monica, Calif. His daughter Quincy Coleman confirmed the death to The New York Times but did not cite the cause. At a time when antiheroic leads, with the outsize exception of Carroll O’Connor’s Archie Bunker, were a rarity on television comedies, Mr. Coleman’s distinctly unlikable Bill Bittinger on “Buffalo Bill” was an exception. A profile of Mr. Coleman in Rolling Stone called Bill “a rapscallion for our times, a playfully wicked combination of G. Gordon Liddy and Groucho Marx.” (“He has to do something terrible,” Bill’s station manager said of him in one episode. “It’s in his blood.”)

Persons: Dabney Coleman, Quincy Coleman, Coleman, antiheroic, Carroll O’Connor’s Archie Bunker, Coleman’s, Bill Bittinger, Buffalo Bill ”, Rolling Stone, Bill “, Gordon Liddy, Groucho Marx, ”, “ It’s Organizations: New York Times, NBC, Buffalo Locations: Santa Monica, Calif, Buffalo

☆ The biggest risk corporations see in gen AI usage isn't hallucinations
▼ + stars: | 2024-05-16 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

Meanwhile, 45% of organizations encountered unintended data exposure when implementing AI solutions, according to AvePoint's 2024 AI and Information Management Report. "It's often what we call dark data," Simberkoff said. So how do leaders improve data permissions and protections in light of or, ideally, before AI implementation? "It's making your end users aware of the information you're responsible for. "When you're using AI, it's really important to make sure that you're checking it and that you're using it for its purpose."

Persons: Dana Simberkoff, Simberkoff, Arvind Jain, Jain, Jason Hardy, Hardy, it's, they're Organizations: Microsoft, CNBC, Hitachi Vantara

☆ Over half of Gen Z and millennials are living paycheck to paycheck — and college is one of the first things they're cutting from their budgets
▼ + stars: | 2024-05-15 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Younger workers are foregoing higher education as costs continue to remain top of mind — and the value of a college education isn't what it used to be. On Wednesday, Deloitte released a survey on Gen Z and millennial attitudes toward the world and their financial conditions. That comes as over half of Gen Z and millennials are living paycheck to paycheck, per the report — a continued trend among younger workers. For both Gen Z and millennials, the cost of living is their top concern, with Gen Z also concerned about potential unemployment. Still, younger adults' perceptions toward higher education seem to skew away from overall attitudes toward a postsecondary degree or credential.

Persons: Gen, millennials, Zs, Elizabeth Faber, Gen Z, Faber, YouGov, hasn't, they're Organizations: Service, Deloitte, Business, Deloitte Global Chief People, Gallup, Lumina Foundation

☆ A key sign of strength in Warner Bros. Discovery's latest earnings report would take a massive hit if TNT loses the NBA
▼ + stars: | 2024-05-10 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

And while WBD's $0.40-per-share loss was 4 cents better than last year, it was still lower than analysts had hoped for. Warners added about 2 million net streaming subscribers globally in the first quarter, bringing its total to 99.6 million. There's a simple explanation for WBD's streaming ad growth despite modest subscriber additions: the advent of live sports on Max. As impressive as WBD's burgeoning streaming ad business looks now, it may be nothing more than a blip if Comcast's NBC outbids TNT for NBA media rights in the league's next TV deal. Suddenly, it seems like Zaslav is taking an even bigger risk by playing hardball with the NBA.

Persons: Discovery's, David Zaslav, Max, Warners, WBD, it's Organizations: Warner Bros, Business, NBA, Warners, Max, MLB, NHL, NBC, TNT, Media, UBS, hardball

Thinking back to when Donald Trump was president, what one thing do you remember most about Donald Trump’s presidency? Like past presidents, Mr. Trump has enjoyed a higher approval rating of his time in office in retrospect. Some of them may have spoken about Mr. Trump generally because of the multitude of controversies during his time in office, Mr. Sides said. A handful of voters in the survey, mostly Trump supporters, looked back on the Trump years as a time of peace. In the battle over memories, the Biden campaign will be trying to remind voters of some older ones that reflect poorly on Mr. Trump.

Persons: Donald Trump’s, Trump, ”, Donald J, Trump’s, Jan, “, John Sides, Donald Trump, Here’s, Biden, ” Biden, Seth Masket, Mr, Masket, don’t, Biden’s, ” “ Jan, “ Trump, Covid, North Korea ”, —, Kim Jong, ” Mr Organizations: New York Times, Siena College, Trump, Vanderbilt, Voters, Biden, University of Denver, North Korea, North Korean Locations: Siena, America, Times, Mexico, North Korea, Israel, Russia, Ukraine, Korea

“If that story was untrue, I would have written it to be a lot better,” Daniels said of her encounter with Trump. “You have a lot of experience of making phony stories about sex appear to be real,” Necheles asked. “You’re celebrating the indictment by selling things from your store,” Necheles asked. “Not unlike Mr. Trump,” Daniels responded. Prosecutor Josh Steinglass said Trump was aware of the “messy details” of the encounter in 2016 and that shows motive for the hush money payment and cover up.

Persons: Donald Trump’s, Stormy Daniels, Susan Necheles, Trump, Daniels, ” Daniels, Juan Merchan, combatively, Necheles, ” Necheles, “, That’s, she’d, “ You’re, Madeleine Westerhout, Westerhout, Rhona Graff, Joe Scarborough, Jeanine Pirro, Serena Williams, Tom Brady, ”, ” Westerhout, Michael Cohen, Melania, Melania Trump, “ Madeline, it’s, Merchan, Todd Blanche, Blanche, ‘, ” Merchan, Trump’s, Josh Steinglass Organizations: CNN, Trump, White, Wing, ” Prosecutors, Daniels, NBC, White House, longtime Trump Organization, Trump Org, ” Trump Locations: New York

☆ OpenAI is reportedly trying to poach Googlers for an AI-powered search team
▼ + stars: | 2024-05-08 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Sam Altman's company is trying to poach Googlers for a ChatGPT search engine, per the report. The Verge reported that the company behind ChatGPT has been trying to poach Googlers to work on its team developing a search engine for the chatbot. In February, The Information reported that OpenAI was developing a web search feature that could put the company into more direct competition with Google Search. AdvertisementGoogle's future plans in the AI field include large investments and a generative AI search engine. Big Tech is engaged in an intense battle for top AI talent as rival companies rush to launch similar AI-powered products.

Persons: Sam Altman's, —, OpenAI, ChatGPT, Googlers, Bing, Mark Zuckerberg Organizations: Big Tech, Service, Google, Bloomberg, Business

☆ Organized retail theft ring that targeted Macy's, other retailers is charged in New York
▼ + stars: | 2024-05-08 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

The Macy's logo is seen at its store in Herald Square in New York City on Jan. 19, 2024. "Through our investigation, we found that Rehana's Cosmetics was well-known to shoplifters, who would willingly bring them stolen items," Bragg said. Manhattan District Attorney Alvin Bragg announced an indictment relating to more than $1 million in stolen goods as part of a retail theft fencing operation. The charges come as retailers such as Target and Ulta increasingly cite theft as a growing problem at their stores. In March, a monthslong CNBC investigation showed how police broke up an organized retail crime ring that stole millions in cosmetics from Ulta stores and resold them on Amazon .

Persons: shoplifters, Bragg, Rehana's, Alvin Bragg, Attorney Alvin Bragg Organizations: Empire, Manhattan, Attorney, CNBC, Attorney's Office, CVS, Manhattan District Locations: New York City, Midtown Manhattan, borough's, New York

☆ Why election polls were so wrong in 2016 and 2020 — and what's changing to fix that
▼ + stars: | 2024-05-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Atkeson, a political scientist who researches election surveys and public opinion, has been conducting voter polls since 2004. She is currently a professor at Florida State University and has authored several books. "People were not answering their phones," Rachael Cobb, a political science professor at Suffolk University, told CNBC. Polarization and technology are among the obstacles that pollsters cite as complicating the task of taking accurate voter surveys. As a result, over the past several election cycles, polling organizations have made some major mistakes.

Persons: Ron DeSantis, Donald Trump, Nikki Haley, Lonna Atkeson, Atkeson, Rachael Cobb Organizations: Florida, Republican, Florida State University, CNBC, Suffolk University Locations: Loudon , New Hampshire

☆ 3 reasons your teens and 20s are 'the decisive decade'
▼ + stars: | 2024-05-04 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

And there are three key reasons Gen Zers' decisive decade will shape their ongoing mental and financial health. Unhappiness can shape long-term mental healthGen Zer's mental health outcomes are shaped by their involvement in school and work, Brookings researchers said. AdvertisementAt work, many Gen Zers are struggling with anxiety, work-life balance, and burnout — more so than millennials, Gen X, and boomers. Unhappiness and social isolation are especially affecting Gen Zers who reached adolescence during the pandemic. Not all Gen Zers start on equal footingTo be sure, Gen Zers' education, work, and financial outcomes are also dependent on their life circumstances in childhood.

Persons: —, Zers, Gen Zers, Ian Rowe, Gen X, Lara Aknin, it's, Zer, isn't Organizations: Service, Pew, Business, Brookings Institution, Brookings, Urban Institute, American Enterprise Institute, Research Locations: America, Brookings

☆ How to generate some return in beaten-down Starbucks using options following its earnings rout
▼ + stars: | 2024-05-02 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Starbucks (SBUX) on Wednesday traded nearly seven times the 20-day average equity volume and 10 times the average daily options volume as the shares fell nearly 16%. It was the fourth-worst trading day for Starbucks since the company's IPO in 1992. And with respect to China specifically, Starbucks said the recovery there has been "choppy" with intense price wars. Starbucks reported $8.56 billion in second-quarter revenue, which represents a year-on-year decline of 1.8%. Don't try to catch a falling knife This presents a significant challenge for an investor in Starbucks stock.

Persons: Clinton, James Carville, SBUX Organizations: Wednesday, Starbucks Locations: China

They also argued that having the doctor testify appeared to be an effort by Mr. Menendez to present alleged facts before the jury without subjecting himself to cross-examination by testifying himself. He will be tried with two New Jersey businessmen who also were accused of participating in the bribery conspiracy. The senator’s wife, Nadine Menendez, was charged as well but granted a separate trial, in July, after her lawyers said she had a serious medical condition that would require surgery and an extended period of recovery. The indictment, which runs 66 pages, outlines a variety of schemes. But perhaps nothing has caught the public eye as much as its descriptions of the cash, gold bars and a Mercedes-Benz convertible found during a June 2022 search of the senator’s home in Edgewood Cliffs, N.J.

Persons: Menendez, Judge Stein, Rosenbaum, Nadine Menendez Organizations: Democrat, Foreign Relations, Benz Locations: New Jersey, Egypt, Qatar, Jersey, Edgewood Cliffs, N.J

☆ After Meta’s ‘year of efficiency,’ industry leaders root for year of innovation
▼ + stars: | 2024-05-01 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

With many companies maintaining the "efficiency" mindset, and hiring for tech jobs remaining low, according to the iCIMS Insights April 2024 Workforce Report, innovation is at risk. Madan says companies tend to act based on fear of missing out, but this behavior can stall technological innovation. This process can be messy, which is why experts say any conversation centered around efficiency must also include innovation. Digital transformation is a core pillar of business strategy for 84% of technology and business leaders, according to the TEKsystems report. On the innovation front, he added, "The best organizations are the ones that synthesize human input with AI collaboration."

Persons: It's, Mark Zuckerberg, Ricardo Madan, they've, Zuckerberg, Madan, Chris Duffey, Duffey, Duffy Organizations: Meta, IBM, Tech, Adobe, Google, Bureau of Labor Statistics Locations: Menlo Park, Meta, California, TEKsystems, U.S

☆ Stocks could have further to fall in May after this month’s market woes
▼ + stars: | 2024-04-30 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The S & P 500 is down by more than 3% this month, though it has still registered a more than 6% advance for the year. But many investors worry stocks have further to go before finding a durable bottom. They say stocks look overvalued even after the recent pullback, and they cite troubling headwinds for equities. 'Sell in May and go away' May has a reputation as a historically weak month for stocks. Carson Group's Ryan Detrick noted that stocks have actually been higher in May during the last nine out of 10 years.

Persons: Mark Luschini, Janney Montgomery Scott, Jeff Hirsch, he's, It's, Hirsch, Carson Group's Ryan Detrick, we've Organizations: Investors, Dow Jones Industrial, Dow, Treasury Bond ETF

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