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Treasury yields rise ahead of May retail sales data
  + stars: | 2024-06-18 | by ( April Roach | ) www.cnbc.com   time to read: +1 min
The 10-year Treasury yield was under a basis point higher at 4.2808%. The 2-year Treasury note yield was also up by less than a basis point to 4.7629%. U.S. Treasury bond yields rose Tuesday as investors traders looked ahead to May retail sales data for insights into the health of the consumer. Retail sales data for May is due Tuesday morning. Federal Reserve officials including Boston Fed President Susan Collins, Dallas Fed President Lorie Logan and Richmond Fed President Tom Barkin are expected to speak at events across the country throughout the day.
Persons: Neel Kashkari, Kashkari, Susan Collins, Lorie Logan, Tom Barkin Organizations: U.S, Treasury, Federal Reserve, Minneapolis Federal, Sunday, CBS News, CBS, Federal, Boston Fed, Dallas, Richmond Fed Locations: Minneapolis, U.S, United States
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Nailing your hiring interviews is an entirely separate test, and Tripadvisor cofounder Steve Kaufer recently shared some red flag answers to avoid. Kaufer said he listens for tendencies to blame others (a red flag) or their ability to be empathetic to coworkers (a green flag). The answer to that question can also indicate differing definitions of hard work, the former Tripadvisor CEO said. For example, if the candidate viewed a task as difficult because they had to work on a single Saturday, that can be "kind of a red flag," Kaufer said.
Persons: , Steve Kaufer, Logan Bartlett, Kaufer, Kaufe, he'll Organizations: Service, Business
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewHaving a stellar résumé and LinkedIn profile is only half the battle to survive the job market. Nailing your interviews is a separate test — and the Tripadvisor cofounder Steve Kaufer recently shared some red-flag answers to avoid. AdvertisementIn other words, don't play the blame game in interviews, as it could suggest an inability to take responsibility when things get tough. Kaufer said he looks not only at the obstacles interviewees struggled with but at their ability to constantly evaluate and improve.
Persons: , Steve Kaufer, Logan Bartlett, Kaufer, he'd, they'd Organizations: Service, Business, Software
Washington CNN —America’s top central banker recently said the job market now looks the way it did before the Covid-19 pandemic drastically upended society. Before the Bell spoke with Julia Pollak, chief economist at jobs site ZipRecruiter, about her views of the job market. Before the Bell: Do you agree with Chair Powell’s view that today’s job market is back to a pre-pandemic normal? Why is the job market slower now? The number of job openings is higher than it was by around 15% or so, but online job postings are actually lower by ZipRecruiter’s count.
Persons: Washington CNN —, , Jerome Powell, Powell, it’s, Bell, Julia Pollak, they’re, They’re, Olesya Dmitracova, Emmanuel Macron, Read, Patrick Harker, Lisa Cook, Tom Barkin, Susan Collins, Adriana Kugler, Lorie Logan, Alberto Musalem, Goolsbee Organizations: CNN Business, Bell, Washington CNN, Fed, Labor, EU, National, New York Fed, Manufacturing Index, Reserve Bank of Australia, US Commerce Department, Federal Reserve, National Association of Home Builders, Accenture, Kroger, Darden, Bank of England, US Labor Department, Philadelphia Fed, Richmond Fed, Global, National Association of Realtors Locations: Washington, France, Wells Fargo
We were planning to move back to the United States, so I began learning about childcare programs for military families in the US. We lost so much money while trying to find an approved daycare center that we ended up living paycheck to paycheck for a year. Since we couldn't get approved for the 90-Day Looking-for-Work program, I applied to another childcare subsidy program for military families, the MCCYN+ program. Many military families need help with childcareI accepted my new job offer and was hired as a contractor for the Military Family Readiness System. Because I became an expert in this situation, I began advocating for other military families.
Persons: , Kayla Corbitt, It's, Corbitt, Manseen Logan Organizations: Service, Business, DoD, Army Emergency Locations: San Antonio , Texas, Italy, United States
Read previewOver the last few years, many US workers have found themselves traveling farther to get to work but going into the office less often, thanks to hybrid work models. Business Insider spoke with three commuters who have traveled through multiple states to get to work each week. Flying to Michigan weekly for work gave this New Yorker the best of both worldsMiller on the University of Michigan football field. AdvertisementLiving in the Delaware suburbs on an NYC salary made this four-state commute worth itKyle Rice. Courtesy of Kyle RiceKyle Rice started traveling from Wilmington, Delaware, to NYC every morning for work in February.
Persons: , Miller, Susan Miller, Kyle Rice, Kyle Rice Kyle Rice, Rice, I'd, Mercier, Malick Mercier, Manseen Logan Organizations: Service, Business, Yorker, University of Michigan, University of Michigan Ross School of Business, Amtrak, BI, New York, Los Angeles International Airport Locations: Michigan, New York City, Ann Arbor , Michigan, New, City, Delaware, Wilmington , Delaware, Wilmington, Newark , New Jersey, Newark, LA, New York, Los Angeles, mlogan@businessinsider.com
Trump's out to charm Gen Z, and that demographic might already be souring on BidenFreshly convicted of 34 charges of falsifying business records, the presumptive Republican presidential nominee seems to have a new campaign strategy — appealing to younger Gen Z voters. Appealing to Gen Z could work for Trump, especially if one accounts for the "Trump amnesia" effect among Gen Zers. Now aged between 12 and 27 — some Gen Zers may have been too young during his presidency to be politically in tune with Trump-era policies. And Gen Zers who vocally backed Biden during his 2020 run may also be souring on him in 2024. Representatives of Trump, Paul, and Biden didn't immediately respond to a request for comment from Business Insider sent outside regular business hours.
Persons: , Logan Paul, Donald Trump, Trump, Paul, Mike Majlak, Putin, Elon Musk, MAGA Organizations: Service, Tesla, Business, Trump Locations: Russian
We want to have a wedding in our home state, Florida, without ostracizing our queer friends. Our LGBTQ+ friends said they don't feel safe traveling to Florida, and we won't make them do so. So, we're having one wedding in Florida and one in New York. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Business Locations: Florida, New York, Ithaca , New York
We want to have a wedding in our home state, Florida, without ostracizing our queer friends. Our LGBTQ+ friends said they don't feel safe traveling to Florida, and we won't make them do so. So, we're having one wedding in Florida and one in New York. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Business Locations: Florida, New York, Ithaca , New York
The firm upgraded the ingredients maker to buy from neutral but lowered its price target to $48 per share from $50. "Though these items might not help earnings until 2025, we believe visibility surrounding them could improve in coming months and send the share price higher," he added. Lovallo has a $198 price target for Lennar, reflecting 30.1% in upside. Analyst Raimo Lenschow upgraded the marketing automation stock to overweight from equal weight and upped his price target by $4 to $29. Singlehurst raised her price target to $58 from $54.20, but the new forecast implies nearly 2% downside from Tuesday's close.
Persons: Goldman Sachs, Thomas Palmer, — Brian Evans, Edward Jones, Logan Purk, — Jesse Pound, John Lovallo, Lovallo, — Alex Harring, Oppenheimer, Colin Rusch, Rusch, Alex Bradley, Alex Harring, Raimo Lenschow, Lenschow, Wells, Steven Cahall, Wedbush, Michael Pachter, Pachter, Keith Gill, Piper Sandler, Valvoline Piper Sandler, Peter Keith, Keith, VVV's algo, hasn't, Will Gaertner, Gaertner, Morgan Stanley, Mark Murphy, Keith Weiss, Brent Bracelin, Louise Singlehurst, Singlehurst, Fred Imbert Organizations: CNBC, Analysts, Citi, Diamond Green Diesel, AMD, Devices, Nvidia, UBS, Lennar, KB, Barclays, Wells Fargo, Paramount, GameStop, Products, LSEG, Google, AI, JPMorgan, Oracle Locations: California, Tuesday's, VVV, reaccelerate, ORCL
Jake Paul is launching a personal care brand geared toward men. The YouTube influencer-turned-boxer announced on Wednesday the launch of "W," a skin-care company targeted toward men. The personal care line will feature products priced at less than $10 and will be available at Walmart . Young men are increasingly turning to social media and influencers for their sources of information. But Paul thinks the Kardashians and other celebrities have overlooked the opportunity for young men.
Persons: Jake Paul, Paul, deodorant, Paul isn't, Dwayne, Johnson, John Legend, Idris Elba, Gen, Boxer Jake Paul, he's, Logan Paul's, Kardashian, He's, Mike Tyson Organizations: YouTube, Walmart, CNBC, Amazon, Business Research Company, Pharrell, Netflix Locations: TikTok
Bosses want to hire people with AI aptitude, but many employees aren't focused on the new technology. Yet over two-thirds of desk workers say they've never used AI, according to a March 2024 Slack Workforce Lab survey of more than 10,000 professionals. People who don't learn AI risk losing career opportunities to those who do, says Lydia Logan, IBM's vice president of global education and workforce development. Generative AI is expected to affect more than 300 million jobs worldwide, per Goldman Sachs's estimates. The one AI skill that's in "crazy demand," according to Logan, and that she encourages everyone to learn, is prompt engineering.
Persons: aren't, Lydia Logan, Goldman Organizations: Locations: Logan
AdvertisementI didn't work in tech when I lived in the Bay Area, but I do nowIn the Bay Area, I worked in marketing and graphic design and did off-and-on work in café management and the brewing industry. The Bay Area didn't fit into his free-spirit mentality, and he also needed a change. In the Bay Area, there was no getting into a job like this "by accident" for me. Moving out of the Bay Area felt like someone turned all the heat off before I boiled to deathWhen I left the Bay Area, I received the type of inner peace I never thought possible. Even people who stayed there feel the same way, they no longer live in that Bay Area, either.
Persons: , Agata Pona, It's, we'd, would've, didn't, couldn't, joggers, Manseen Logan Organizations: Service, SUSO Digital, San Francisco Bay Area, Business, Whole Foods, Poland —, Stanford, Big Tech, Salvadoran Locations: Area, Poland, San Francisco Bay, Poznań, Silicon Valley, California, Portland , Arizona, Texas, Bay, mlogan@businessinsider.com
Read previewThis as-told-to essay is based on a conversation with Leigh Henderson, a 42-year-old CEO of HR Manifesto, in San Antonio. I worked as an HR leader for nearly 20 years, supporting a handful of Fortune 100 organizations. Then after navigating a shocking layoff myself, I started HR Manifesto, a community on TikTok. AdvertisementAfter working in HR, here are four things I'd tell my friends to do if they heard rumors of layoffs happening in their office. AdvertisementIf you're an HR professional with advise on how to navigate the workplace during difficult times, and want to share your story, email Manseen Logan at mlogan@businessinsider.com.
Persons: , Leigh Henderson, there's, you've, it's, what's, Manseen Logan Organizations: Service, Business, HR Locations: San Antonio, TikTok, mlogan@businessinsider.com
New York CNN —Logan Paul’s Prime drink has some new competition in the form of the G.O.A.T. And the drink is also a new foray into non-alcoholic drinks for Mark Anthony Brands, as Americans consume less alcohol. Más+ by Messi is a low-sugar drink containing electrolytes and vitamins without artificial sweeteners, colors or caffeine. Hydration and energy drinks are projected to be a $60 billion market by 2032, growing roughly 6% annually, according to Precedence Research. “Gen Alpha is up for grabs, and that is who these new generation energy drinks are aiming to capture especially as they enter teenage years.”
Persons: New York CNN — Logan, Lionel Messi, White, Mark Anthony Brands, Messi, Miami Punch, Ballon, Seltzer, Andrea Hernández, , , ” Hernández, Alpha Organizations: New, New York CNN, Soccer, Paul’s, Gatorade, Miami, Inter Miami, Orange, Major League Soccer, Messi, Beverage Co, Research, BodyArmor, CNN Locations: New York, Miami, America
This story is available exclusively to Business Insider subscribers. Related storiesThe term "sober" is defined as abstaining from drinking or drugs, according to Merriam-Webster, but there are several variations in the way it's used today. AdvertisementOthers more recently use the term "sober curious" to refer to an exploratory period where they cut down or abstain from drinking alcohol. By 2021, beverage analysts told Business Insider that they expected the non-alcoholic beverage market to expand, and it has. The ongoing trend is about being more mindful and moderating drinking more than anything else, an Athletic Brewing Company spokesperson told Business Insider.
Persons: , Shufelt, hasn't, Logan Bartlett, Webster, Bartlett, Gen Organizations: Service, Athletic Brewing, Business, Merriam, Cali, Athletic Brewing Company, University of Michigan
Programming Note: The CNN Original Series Violent Earth with Liev Schreiber explores the unbelievable science behind epic natural events. CNN —Unlike Logan Roy’s offspring in “Succession,” Liev Schreiber can appropriately be described as a serious person. I think once swimming in the ocean became a regular event for me, that’s really where my own personal relationship to climate change began to develop,” Schreiber told CNN in a recent interview. Things are going a lot better in terms of our awareness and the steps we’re taking, but there’s still a long way to go,” Schreiber said. He’ll bring viewers back to the NFL training camp fields with the Chicago Bears when the series returns in August.
Persons: Liev Schreiber, Logan, ” Liev Schreiber, He’s, “ Ray Donovan ”, ” Schreiber, “ I’ve, that’s, , there’s, Otto Frank, Ann Frank’s, Miep Gies, Bel Powley, Dusan Martincek, Schreiber, He’ll, he’s, Organizations: CNN, Royal Academy of Dramatic Art, Yale School of Drama, Geographic, Disney, NFL, Chicago Bears, New Yorker, New York Jets Locations: Ukraine, American, , New
An oil pump jack at the New Harmony Oil Field in Grayville, Illinois, US, on Sunday, June 19, 2022. Oil prices fell early on Friday as investors responded to comments from U.S. Fed officials who said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stocks that weighed on the market. "I think it's too soon to really be thinking about rate cuts." Meanwhile, U.S. crude oil inventories fell 4.2 million barrels to 454.7 million barrels in the week ending on May 24, the Energy Information Administration said on Thursday, compared with expectations in a Reuters poll for a 1.9 million-barrel draw. Stocks were up 2 million barrels for the week to 228.8 million barrels, the EIA said, compared with expectations for a 400,000-barrel draw.
Persons: Lorie Logan, Logan, Stocks Organizations: New Harmony Oil, Fed, Brent, U.S, West Texas, Dallas Federal, Energy Information Administration, EIA, of, Petroleum Locations: Grayville , Illinois, U.S, El Paso , Texas, OPEC, Saudi Arabia, Russia
I moved to Los Angeles about five years ago from San Francisco, and I previously lived in New York City and Chicago. LA lacks great parks compared to other cities like San Francisco and New York City. It doesn't feel urban the way cities like NYC or SF do — I don't feel an urban buzz or excitement. I don't feel any sense of communityI don't feel a strong sense of community in LA. Because it's such a driving culture, I don't interact with people as much as I do in other cities I've lived in.
Persons: , Stevie Howell, It's, I've, Frederic Olmstead, Manseen Logan Organizations: Service, Business, San Francisco and New Locations: Los Angeles, San Francisco, New York City, Chicago, California, LA, Venice, San Francisco and, San Francisco and New York City, Southern California, mlogan@businessinsider.com
Tarini Nandakumar of Austin, Texas, competing Tuesday in a preliminary round of this year’s Scripps National Spelling Bee. The Scripps National Spelling Bee brings together more than 200 of the top elementary school spellers in the United States in a rigorous, three-day competition. Credit... Evelyn Hockstein/ReutersIn a recent regional spelling bee where he secured a place at Scripps, he was asked to spell brume. Bee week is quite the bash. Tarini, who also studies classical Indian dance and singing, advised Scripps newcomers not to stress.
Persons: Tarini, Logan Edwards, Logan, Pranav Nandakumar, Vanathi Senthurkani, ” Logan, Evelyn Hockstein, brume, , , Sasha Kenlon, Scripps Organizations: Scripps, Spelling, Merriam, Webster, Texas, M University, ., Reuters, Washington, 173rd, 192nd Locations: Austin , Texas, United States, Rock , Texas, Greer, S.C, South Carolina, North Africa, Park City , Utah
CNN —Bette Nash, holder of the Guinness World Record for longest-serving flight attendant, has died at the age of 88, according to statements from American Airlines and the Association of Professional Flight Attendants. “She started in 1957 and held the Guinness World Record for longest-serving flight attendant. Fly high, Bette.”The Association of Professional Flight Attendants (APFA), the union representing flight attendants in the United States, posted its own tribute to Nash on Facebook. She started in 1957 and held the Guinness World Record for longest-serving flight attendant. CNN Bette Nash (third from left) — "I wanted to be a flight attendant from the time I got on the first airplane," says Nash.
Persons: Bette Nash, , Bette, Nash, , pic.twitter.com, Boston Logan, CNN Bette Nash, Guinness, Dina Rudick, Organizations: CNN, Guinness, American Airlines, Association of Professional, Airlines, Professional, Facebook, Eastern Airlines, Reagan Washington National, Reagan National, TWA, CNN Technological, Canadian Colonial Airways, Hulton, , ABC News, Boston Globe Locations: United States, Washington ,, Reagan, Washington
Robinhood CEO Vlad Tenev explained the app's name choice in a recent podcast interview. When first presented, half of the company feared it would push wealthier customers away. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRobinhood CEO Vlad Tenev knows that the company's name is somewhat controversial — but that's part of the point. This story is available exclusively to Business Insider subscribers.
Persons: Vlad Tenev, Tenev, , Logan Bartlett Organizations: Service, Business
Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities. “We haven’t seen Memorial Day weekend travel numbers like these in almost 20 years,” Paula Twidale, senior vice president at AAA Travel, said in a release. Spending this summer will likely be a little softer than last year’s, they said, but still strong. The bank’s consumer travel survey showed that 72% of people said they’re planning to travel, with 36% saying they’ve already planned their trip. Even among respondents making less than $75,000 a year, more than 60% said they’re planning to travel this summer.
Persons: ” Paula Twidale, Royal Caribbean’s, ” David Tinsley, they’ve, Joelle, aren’t, Dogecoin, Shiba Inu “, Atsuko Sato, , Sato, ” Kabosu, Kabosu, Shiba, Loretta Mester, Neel Kashkari, Lisa Cook, Robin, John Williams, Raphael Bostic, Lorie Logan Organizations: CNN Business, Bell, Washington CNN —, Transportation Security Administration, AAA, AAA Travel, Bank of America Institute, Bank of America, Japan, Europe, New York Fed, Public Policy Research, Mizuho Financial, Federal, Global, Index, Board, HP, Dick’s Sporting Goods, Abercrombie, Fitch, Eagle Outfitters, Costco, Dell, Dollar, Hormel, US Commerce Department, US Labor Department, National Association of Realtors, China’s National Bureau of Statistics, Atlanta Fed Locations: Washington, Caribbean, South Korea, Switzerland, Colombia, Costa Rica, Canada, Mexico, Domestically , California, Florida, California, , Sakura, CAVA, Chewy, Burlington, Birkenstock, Nordstrom, Kohl’s
The past few years have seen some companies declare themselves remote-first, only to backtrack and mandate workers return to the office. One such company is Robinhood. Vlad Tenev, a cofounder and the CEO of the financial-services firm, explained in a new interview how he brought employees back to the office after initially telling them they were working at a remote-first company. AdvertisementTenev said "explaining the why of things" was important in getting employees on board with the policy reversal. In 2022 , Robinhood declared itself a remote-first company and said it would be "staying primarily remote."
Persons: Vlad Tenev, Tenev, Logan Bartlett, we've, They've, Robinhood Organizations: Service, Apple, Google, Walmart Locations: Robinhood
General signage before practice for the first round of the 2024 NCAA Tournament at PPG Paints Arena. Charles LeClaire-USA TODAY SportsA major change could be coming for college athletes — they may soon start getting paid. Other casesThe settlement is expected to cover two other antitrust cases facing the NCAA and major conferences that challenge athlete compensation rules. Hubbard v. the NCAA and Carter v. the NCAA are also in front of judges in the Northern District of California. College sports have been trending in this direction for years, with athletes receiving more and more monetary benefits and rights they say were long overdue.
Persons: Charles LeClaire, , Charlie Baker, Steve Berman, Grant, Michael McCann, McCann, Logan Riely, Hubbard, Carter, Fontenot, they're, George Zelcs Organizations: PPG Paints, NCAA, ACC, SEC, Former Arizona State, Grant House, Sedona Prince, TCU, NBC, Washington Huskies, Michigan Wolverines, College Football Playoff, Notre Dame, Big, Atlantic Coast, Washington, Oregon State, Northern District of, College Locations: Oregon, amateurism, Houston, Southeastern, Washington State, Northern District, Northern District of California, Colorado, Fontenot
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