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Gen Alpha tweens who spoke with Business Insider are unconvinced that fear of aging is behind their new obsession. Related VideoGen Alpha's spending powerBy all accounts, Gen Alpha is going to be a mighty generation of big spenders. But Gen Alpha skincare enthusiasts are taking their newfound habit seriously. The survey of nearly 3,000 respondents included 537 US-based 13- to 17-year-olds who were asked about antiaging, skincare, and beauty. Where influences lieIt may be that Gen Alpha kids are learning from their parents as children of millennials and Gen Zers.
Persons: , Alpha tweens, Gen Alpha, They're, Zers, Gen Alphas —, NIQ, Alpha, Janice Miller, Miller, I've, Jenny Grant Rankin, Piper Virginia Rankin, Piper, Valerie Aparovich, Aparovich, Shayan, Rankin's, antiaging, Thorne, YouGov, Z, Alphas, BI's Eve Upton, Clark, tweakments, Geeta Yadav, Yadav, Dr, Alexandra Forsyth, Forsyth, Maeve Organizations: Service, Alpha, Business, Bliss, NYU School of Medicine, Gen Alpha, Mashable Locations: skincare, Sephora, millennials
Now, the clock-wearing musician has found a new and unlikely calling in the sports world, offering his services as hype man for the US women’s water polo team ahead of this year’s Paris Olympics. That’s why I’m sponsoring this women’s water polo team. Steffens is a veteran of the US women's water polo team. How can we get water polo in more people’s mouths and in front of more people’s eyes as best as possible?”USA Water Polo membership almost doubled from 26,837 in 2008 to more than 50,000 in 2019, including increased participation at high school and college levels, according to USA Water Polo. However, she wants her legacy to be more than medals, records, and statistics, but making water polo “common knowledge” and “common language” among the general public.
Persons: Flav, Maggie Steffens, , ” Steffens, Steffens, TMZ, Ronald Martinez, , “ It’s, you’re, I’ve, it’s, that’s, Sandy Hooper, doesn’t, ” Mark Conrad Organizations: CNN, Paris Olympics, CNN Sport, Hall of Fame, Water Polo, USA Water Polo, Olympics, US, Paris, USA, Reuters, International Olympic Committee, Games, Olympic Committees, US Olympic, Paralympic, Fordham University Gabelli School of Business, Athletics, Los Angeles Games, Boxing Locations: Paris, Instagram, Long Beach , California, California
If you follow the news, you know that tensions between the United States and China are high and that the commercial relationship between the two biggest trading nations on the planet has been fraying. Yet, amid the ominous headlines about a possible “decoupling” of the United States and China, you may be surprised by how strong and binding their financial ties remain. The two economies are closely linked, and, as an old China hand, I think that’s a good thing. Consider that while the publicly traded U.S. companies in the S&P 500 obtain almost 60 percent of their revenue domestically, the biggest source of their foreign sales is China. The second-largest foreign source was Japan, with 2.6 percent; followed by Germany and Britain, with 2.2 percent each; and then Taiwan, with 1.8 percent.
Locations: United States, China, Japan, Germany, Britain, Taiwan
Middle managers are becoming an endangered species in Corporate America, with some companies viewing the role as obsolete , writes Business Insider's Lindsay Dodgson. Remote work, tech efficiencies, and a general push to cut costs have contributed to middle managers' demise. It's a strategy Corporate America, particularly Big Tech, deployed in 2023. The "year of efficiency," as Mark Zuckerberg dubbed it, was all about flattening organizations, and middle managers were the ones getting squished . The death of middle managers could also fuel the current dismantling of another cohort: the middle class .
Persons: , Brooks Kraft, Insider's Lindsay Dodgson, millennials, Gen Zers haven't, Robyn Phelps, they're, Mark Zuckerberg, Gen, Jeffrey Gundlach, we're, Blackstone, Abanti Chowdhury, Jensen Huang, Hopper, Blackwell, Lilit, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Brooks Kraft LLC, Getty, America, Big Tech, Citi, Street Journal, KKR, Meta, Google, Nvidia, Paragon Intel, National Association of Realtors, FAA Locations: Corporate America, millennials, New York, London
In a Wednesday interview with CNBC's Jim Cramer, Snowflake CEO Sridhar Ramaswamy indicated the cloud data company will collaborate further with artificial intelligence darling Nvidia . There's a lot to come and Jensen's, of course, a visionary when it comes to AI," Ramaswamy said, referencing Nvidia chief Jensen Huang. Ramaswamy also said Snowflake's enterprise customer base is growing and described what the company can do for names like Kraft Heinz . For example, he said Snowflake's AI offerings can analyze customer feedback data to help determine automated responses to questions. "The era of enterprise AI is here, right here at Snowflake."
Persons: CNBC's Jim Cramer, Snowflake, Sridhar Ramaswamy, Ramaswamy, Jensen Huang, Huang, he's, Kraft Heinz Organizations: Nvidia, Cloud Summit Locations: San Francisco, Snowflake
Paragon Intel, an alt data company founded in 2017, is rolling out its executive rating Thursday. The ratings will show how executives fit into their firms and whether they will drive stock gains. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementParagon Intel's flagship product — a database on executive performance known as ManagementTrack — had been ranking executives but not rating them. The ratings — which will roll out to the firm's hedge-fund clients Thursday — are a much more nuanced and predictive look at executive performance, Howard said.
Persons: , Colby Howard, Howard Organizations: Paragon Intel, Service, Paragon, Business Locations: Canada, Europe
Morocco has spent the last two decades transforming into Africa's auto-manufacturing hub. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The sun-baked Kingdom of Morocco is renowned as a tourist destination, with its vibrant souks, iconic Moorish architecture, and surreal Saharan desert dunes. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Business Locations: Morocco, medina, Kingdom
And recent grads aren’t just finding any job, they’re finding good jobs. Not all is well: The EPI study found that racial and gender wage gaps still remain large among recent grads. GameStop shares tripped multiple circuit breakers — a temporary and mandated halt in trading to let investors cool off for a bit. Robinhood denied claims on social media on Monday that it had once again halted GameStop stock purchases on its platform. Robinhood has not shut down the purchase of Gamestop shares,” Robinhood spokesperson Anupriya Ghate said in a statement to CNN.
Persons: it’s, , Katherine deCourcy, Elise Gould, , Z, Z’ers, Krystal Hur, Keith Gill, Roaring Kitty, Gill, Robinhood, , Anupriya Ghate, ” Shein, Shein, CNN Shein Organizations: CNN Business, Bell, New York CNN, Economic Policy Institute, Stanford Institute for Economic Policy Research, Employers, GameStop, AMC, Partners, AMC Entertainment, Gamestop, CNN, Workers, Public, Public Eye Locations: New York, Black, Swiss, Guangzhou, China
Plenty of companies are reining in their rhetoric and in some cases action on issues such as sustainability and diversity. Over the past decade, many corporations have at least professed to take a more active role in social issues, under pressure from their customers and, more importantly, employees. After last year's Bud Light debacle, which was a real blow to its business, executives fear they'll be the next target of some anti-woke outcry. For the fourth quarter of 2020, 131 companies mentioned ESG, and 34 mentioned DEI or diversity and inclusion. This may be a great un-wokening, but maybe corporate America was actually never that committed to the idea in the first place.
Persons: Paul Polman, It's, Naomi Wheeless, Eventbrite, Donald Trump, Larry Fink, George Floyd's, ESG, Andrew Jones, there's, Bud Light, influencer Dylan Mulvaney, haven't, Philip Mirvis, Bud, they'll, they'd, Jones, it's, Fink, FactSet, — we're, wasn't, Alison Taylor, University's, we've, Roe, Wade, Taylor, isn't, Dylan Mulvaney, Bud Light's, Kenneth Pucker, Emily Stewart Organizations: Unilever, Unilever wasn't, Unilever isn't, Companies, Business, Sporting Goods, Conference Board's ESG, Morningstar, Babson, AIG, Amazon, ExxonMobil, University's Stern School of Business, Anheuser, Busch, Fletcher School, Tufts University Locations: Plenty, America, ESG, New, Charlottesville
Tim Cook said iPhone sales grew in China, despite external research showing a decline. China accounted for 18% of Apple's sales, making it a critical market for the tech giant. However, over the last quarter, independent analysts have reported a slump in overall iPhone sales in China. iPhone sales in China are a closely watched metric because greater China accounted for 18% of Apple's sales across products in the first quarter, according to the earnings results. Related storiesCook's limited remarks on China's iPhone sales raised questions on Friday's call from analysts who compared Apple's data with independent reports.
Persons: Tim Cook, , Cook, Max, Wells, Aaron Rakers, Will Wong, Wong Organizations: Apple, Service, Counterpoint Research, International Data Corporation, IDC, Bloomberg Locations: China, Hong Kong, Taiwan
Don't write run-on sentences under your job titles. Don't write general, task-oriented phrases that don't give a sense of what you achieved in the role. Don't include a line stating what role you're applying for. "All it needs to focus on is your impact," he says about your resume. It lends itself to quantifying your impact by saying, "I helped double impressions on the website," for example.
Persons: Nolan Church, he'd
When you're writing yours, you'll want to make sure it meets their criteria and doesn't give them a reason to pass on your candidacy. Here are three phrases former Google recruiter and current CEO of salary data company FairComp, Nolan Church, recommends avoiding. "I don't give a s--- about your tasks," Church says. A 'word salad' of keywordsCareer experts recommend using keywords from the job description to prove you meet the role's criteria. People tend to "have this word salad based off of what the [job description] says," says Church.
Persons: They've, Simon Taylor, you'll, Nolan Church, X, There's Organizations: Disney
When you're looking for a new job, it may seem like a no-brainer to let as many people as possible know. But career experts differ on their opinions about LinkedIn's "open to work" banner, the green sign that shows up just under your photo if you choose to activate it. "It is the biggest red flag" in a job candidate, says Nolan Church, former Google recruiter and current CEO of salary data company FairComp. With that banner activated, "because you need something from me, that means that I have the power in this conversation," she says. But not all career experts agree, and LinkedIn's own data does not necessarily support this thinking.
Persons: Nolan Church, Lindsay Mustain Organizations: Google, Amazon
Adtech company ID5 said Tuesday it had raised $20 million in Series B investment. The ID5 identifier has been deployed by more than 66,000 publishers, per the metadata company Sincera. ID5 has now raised just over $27 million in funding to date, though the company declined to disclose its post-money valuation. New investors in this round included the credit reporting and data agency TransUnion and advertising veteran Martin Sorrell's venture capital firm S4S Ventures. Check out key slides from the pitch deck that helped ID5 raise $20 million in Series B funding.
Persons: ID5, Mathieu Roche, Martin Sorrell's, Sorrell, Matt Spiegel, Spiegel, Matt, Roche Organizations: Business, Data Protection, Publishers, Trade, S4S Ventures, Progress Ventures, Seventure Partners, Capital Partners, Aperiam Ventures
On Jan. 9, TikToker Brittany Pietsch posted a video of her layoff from tech company Cloudflare. The video went viral, with various outlets weighing in both on how the company handled the layoff and Pietsch's choice to post it at all. "I documented my layoff because at that point I was already very active on TikTok," she tells Make It. "I think that this is insanely risky for future job prospects," says Nolan Church, former Google recruiter and current CEO of salary data company FairComp. You could still make a measured, professional post in that moment, but it would be just as easy to get emotional.
Persons: Brittany Pietsch, She's, Joni Bonnemort, Bonnemort, It's, Nolan Church, Phoebe Gavin, Gavin, they're Organizations: Google Locations: Utah
AdvertisementAs millions of Americans get ready to watch the total solar eclipse on Monday — an event NASA has described as rare and "spectacular" — the phenomenon stands to lift local economies. According to NASA, this year's eclipse is set to last three to four minutes, longer than the last solar eclipse, in 2017. Former President Donald Trump looked up at the solar eclipse without glasses during the last eclipse. The glasses sold for $1.50 to $2 apiece. "We've shipped already about 70 million glasses, and I suspect I'm going to approach right at 75 million by the time next week comes," Jerit said.
Persons: , Donald Trump, John Jerit, We've, Jerit, Jason Berger Organizations: Service, NASA, Perryman Group, New York Times, Marriott, The Washington, Getty, Optics, NPR, Fox News Locations: Texas, New York, Texas , Ohio, Grayville , Illinois, Dallas
More than half, 58% of men and 61% of women, say they didn't ask for higher pay the last time they were hired, according to the Pew Research Center. The higher you start, the higher that salary will get over time. Here's how Church recommends going about negotiating for more pay during an interview. And when it's time to make that offer, "typically, companies begin the offer negotiation at the bottom of the band." After the interview process, when you get a job offer, Church recommends asking your prospective employer two questions.
Persons: Nolan Church, aren't, who've Organizations: Pew Research, Google, Companies
Before former President Donald J. Trump’s social media company made its stock market debut, many investors were lining up to bet on its collapse. After the company’s share price plunged following an initial surge, the appetite to bet against the stock has grown even more ravenous. Trump Media is the most “shorted” special purpose acquisition vehicle in the country, according to the financial data company S3 Partners. Short-sellers bet that the price of a stock will fall. The demand to short Trump Media, the parent company of the social media platform Truth Social, is so great that stock lenders can charge enormous fees, making it hard for short-sellers to turn a profit unless the shares fall significantly.
Persons: Donald J Organizations: Trump Media & Technology Group, Trump Media, Partners
Braden Fiske is a defensive tackle for Florida State projected to be drafted by the NFL. AdvertisementUntil recently, the National Collegiate Athletic Association barred student athletes from being compensated despite the billions of dollars their efforts were earning for their universities. College athletes can also receive money by autographing signs, creating or sharing branded content, making guest appearances, and being a spokesperson for a company or brand. We're now seeing college athletes from several sports score so-called NIL deals ranging from five to seven figures. He has signed several NIL deals since joining the Florida State Seminoles in 2023, and other deals are in the works.
Persons: Braden Fiske, LeBron James, Bronny James, Fiske Organizations: Florida State, NFL, National Collegiate Athletic Association, US, Business, Florida State University, Florida State Seminoles
Despite enticing alternatives, a fixed-rate mortgage remains the best option for us. With mortgage interest rates still close to 7%, alternative mortgages like adjustable-rate loans and mortgages with shorter maturities are gaining in popularity. AdvertisementThe beauty of the fixed-rate mortgage is that it offers certainty in an uncertain world. Any gain somebody might get with a lower interest rate might be offset by paying more for the house. So, we will be sticking with a fixed-rate mortgage and shopping around for the best rate.
Persons: , Sarah Alvarez, Alvarez, Brandon Bell, Freddie Mac Organizations: Service, William, Mortgage, Business, ARM, Treasury, Street Journal, FG, National Association of Realtors Locations: Austin , Texas
On Friday, the head of the exclusive hotel and social club chain Soho House said the company saw a record rise in non-alcoholic drink sales during this year's Dry January. "What we also saw in January was a much bigger spike in non-alcoholic beverage consumption, much more than we've ever seen before," said Andrew Carnie, the chief executive officer of Soho House, on the company's earnings call. The Soho House brand has long prided itself on being associated with all things cool and en vogue — and the low-to-no booze trend is no exception. Millennials are the most interested in non-alcoholic drinks, compared with older and younger peers, per ISWR. UK bar revenues in January were down 11.5% compared with the same period in 2023, according to market researcher CGA.
Persons: , Andrew Carnie, Blake Lively, Katy Perry, Bella Hadid Organizations: Service, Soho, Business, Soho House, Guardian, British Locations: Soho, London, Bangkok, Moscow
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. McDonald's : The fast-food chain had to temporarily suspend operations at stores in some countries, including Japan, after suffering a technology outage. "This will have no impact whatsoever, except for to buy the stock because McDonald's, in the end, is king," Jim Cramer said. Snowflake : Shares added 0.4% after Guggenheim Securities upgraded the cloud data company to a hold-equivalent rating from sell. In late February, Snowflake stock tumbled 18% in a single session after veteran CEO Frank Slootman announced his retirement alongside a weaker-than-expected first-quarter outlook.
Persons: Jim Cramer's, Jim Cramer, Burger, Cramer, he's, Sanjay Mehrotra, Frank Slootman Organizations: CNBC, Club, Burger King, Restaurant Brands, Micron Technology, Citigroup, Micron, Nvidia, Broadcom, Guggenheim Securities Locations: Japan, Snowflake
There are, of course, a few behaviors you'll want to avoid, such as phrases that could turn your interviewer off. Some are "major red flags," says Nolan Church, former recruiter at Google and CEO of salary data company FairComp. These can be phrases like "I work too hard" or "I'm a perfectionist," says Church. They could think you're either not being honest about who you are as a person or you genuinely think you can't get better as a worker. Instead of these empty phrases, Church recommends giving an example of a mistake you made, what you learned from it and how you improved going forward.
Persons: Tell, Nolan Church, jobseekers, They're, you've, it's Organizations: Google
Nvidia's chips primed the company to leverage the latest AI boom. Advancements in AI have fields beyond tech — like healthcare and finance — racing to figure out how to implement the technology. To do so, you need chips known as graphics processing units or GPUs that will power the AI tech. An Nvidia spokesperson declined to comment but pointed to a December blog post outlining how the company supports ventures "harnessing Nvidia technologies." "The biology companies, the healthcare companies, financial services companies, AI developers, large-language model developers, autonomous vehicle companies, robotics companies … All of these startups, large companies, healthcare, financial services and auto and such are working on NVIDIA's platform, Huang in an earnings call in February.
Persons: , Nventures, Jensen Huang, Huang Organizations: Nvidia, Service, Microsoft, Apple, Business, Wall Street, Moon, Sofinnova Partners, Cathay Health, SEC, Pharmaceuticals, NVIDIA Locations: California
A onetime commodities backwater, congestion trading has become a growing business in recent years as the demand for electricity and volatility on the power grid in the US has soared. The financial category, which includes specialized power-trading companies, banks, hedge funds, and large proprietary trading firms, dominates the market, in part because the physical power firms typically operate in only one or two regions. He launched three congestion trading teams for the firm, including in California and Texas after those states introduced congestion trading in 2008 and 2010, respectively. Citadel, along with Susquehanna International Group and Tower Research, has been involved in FTR trading since the market's infancy. Volatility has been increasing on the power grid, in part because of changing weather patterns, Jeev added.
Persons: Kumar Jeev, Jane Street, Richard Roseblade, who's, There's, Roseblade, Bill Clark, Jeev, DC Energy's Tyler Kuhn, DRW, California Al Seib, Brevan Howard, Jane, Stephanie Staska, Staska, couldn't, Joe Biden's, It's, Meredith Angwin, Angwin Organizations: Business, Capital, Midwest, Citadel, Tower Research, Yes Energy, Energy, Anadolu, Getty, Federal Energy Regulatory Commission, FERC, Nasdaq, York Stock Exchange, Nvidia, Johns Hopkins University, DC Energy, Wayfair, Squarepoint, Appian, Boston Energy, Susquehanna International Group, DC, Bloomberg, Commodities, Traders, Wall Street, Workers, GreenHat Energy, JPMorgan, Hill Energy Resource & Services, P, Grid, & $ Locations: Wall, East Coast, DRW, Susquehanna, FTRs, New York, Canada, Texas, Virginia, California, Berlin, Chicago, Oregon, California Al, Ukraine, Russian, Uri, Northern Virginia
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