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☆ Recession Fears Are Fueling Stock Market Crash, Wall Street Chaos
▼ + stars: | 2024-08-11 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

While there was some demand for protection against the prospect of volatility reemerging, overall sentiment across Wall Street had gotten more bullish. Until Wall Street can be sure that the consumer will hold on (or not), conviction is easily shaken. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. What happened on Monday was a sudden realization that the new structure may assert itself before Wall Street imagined it would.

Persons: —, Jerome Powell, we've, they'd, corporates, Dow, Mandy Xu, Cboe's, Wall, Torsten Slok, Slok, Shake, Kevin Gordon, Charles Schwab, they've Organizations: Dow Jones, Bank of Japan, Big Tech, Federal Reserve, Nasdaq, Wall, Apollo Global Management, Corporations, Companies Locations: Asia, Japan, Mexico

☆ There are cracks forming in the US jobs market
▼ + stars: | 2024-08-02 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. The unemployment rate is expected to hold steady at 4.1%, according to FactSet consensus estimates. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.

Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, ’, “, ”, —, Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Economic Policy Institute, ” Locations: Oxford

☆ Champagne and cheers: The Wall Street Journal fought for Evan Gershkovich’s release for 16 months. It finally paid off
▼ + stars: | 2024-08-01 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

When official word made its way to The Wall Street Journal newsroom that Evan Gershkovich had been released from Russian custody Thursday, unadulterated elation washed over the journalists who had taken part in a 16-month-long pressure campaign to seek his freedom. Meanwhile, The Journal labored behind the scenes with President Joe Biden and his administration on efforts to secure Gershkovich’s release. The Wall Street Journal editor-in-chief Emma Tucker reacts to the news of Evan Gershkovich’s release. Chase Gaewski/The Wall Street JournalRobert Thomson, chief executive of News Corporation, which owns The Journal, offered his “sincere gratitude” to the U.S. government for its efforts. “Unfortunately, many journalists remain unjustly imprisoned in Russia and around the world.”Throughout it all, Gershkovich never lost his spirit as a journalist.

Persons: Evan Gershkovich, “, ” Emma Tucker, Gershkovich, Vladimir Putin’s, Alexey Navalny, Alsu Kurmasheva, Gershkovich’s, Joe Biden, Emma Tucker, Evan Gershkovich’s, Chase Gaewski, Robert Thomson, Thomson, Rupert, Lachlan Murdoch, ”, Tucker, Biden, Evan, Almar Latour, Putin Organizations: CNN, Wall Street Journal, New York, American Radio Free, Radio Liberty, U.S, Street, News Corporation Locations: York, Russian, Yekaterinburg, Moscow, Russia, American Radio Free Europe, Gershkovich

☆ Fed Chair Powell just said the labor market is getting vulnerable. Friday’s jobs report could prove why
▼ + stars: | 2024-08-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. Labor force participation/employment to population ratio: These metrics are key reasons why Bunker and others believe the labor market remains in good shape. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.

Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, ’, “, ”, —, Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Labor, Economic Policy Institute, ” Locations: Oxford

☆ Analysis: In Venezuela, voters caught in Maduro’s dangerous dance are seeking answers
▼ + stars: | 2024-07-29 | by ( Flora Charner | ) edition.cnn.com time to read: +8 min

“We want peace for Venezuela, for our family members,” a protester, who chose not to be identified, told reporting teams on the ground. Leo Ramirez/AFP/Getty Images/FileA ‘cyberattack’ curveballIt seems unlikely Maduro’s government will pay too much attention to the concerns raised over the results. Nearly 8 million people have left Venezuela since 2014, according to the United Nations High Commissioner for Refugees (UNHCR). Venezuelan President Nicolas Maduro reacts following the election results in Caracas on July 29, 2024. “We want Venezuela to be free and for the people’s will to be respected,” she said.

Persons: CNN — It’s, Nicolás Maduro, “, Nicolas Maduro, ” Maduro, Edmundo González, González, Maria Corina Machado, ”, Federico Parra, Antony Blinken, Stephane Dujarric, Maduro’s, Miguel Díaz, Canel, Leo Ramirez, it’s, Tarek William Saab, Machado, Leopoldo López, Lester Toledo, Panamá, Consultores, Maduro, ” Eva Martinez, Will Freeman, Juan Barreto, Hugo Chavez, Chavez, sobbed Heczair Blanco Organizations: CNN, Bolivarian, Electoral Council, Armed Forces, Getty, UN, The United Nations, Carter Center, Washington, Twitter, AFP, CNE, Caracas Monday, Saab, ’, United Nations, Refugees, US Customs, Border Patrol, Council, Foreign Relations, Democrats, Biden Locations: Miraflores, Caracas, Venezuela, Bolivarian Republic of Venezuela, Venezuelan, AFP, United States, Tokyo, Argentina, Chile, Costa Rica, Peru, Panama, Dominican Republic, Uruguay, China, Cuba, North Macedonia, Balkans, UNHCR, Spain, Brazil, Colombia, “, Buenos Aires

☆ Can money buy happiness? It really depends
▼ + stars: | 2024-07-28 | by ( Andrea Kane | ) edition.cnn.com time to read: +7 min

(CNN) — Can money buy happiness? “This notion that money cannot buy happiness is just, like, patently false,” social psychologist Elizabeth Dunn recently told CNN Chief Medical Correspondent Dr. Sanjay Gupta on his podcast Chasing Life. “Money can absolutely buy happiness,” said Dunn, the coauthor of “Happy Money: The Science of Happier Spending.” “And if you hear anyone say money can’t buy happiness, I would say, tell them to try giving some of it away.”You can listen to the full episode here. “Don’t just buy things you like all the time without even thinking about it,” Dunn said. “And if so, could you use money to buy your way out of it?”Dunn said her research showed that buying time is a great and underutilized way to turn money into happiness.

Persons: Sanjay Gupta, —, “, Kanye West, Elizabeth Dunn, Dunn, ”, ” Dunn, There’s, “ Don’t Organizations: CNN, University of British, Ikea . Pay Locations: University of British Columbia, Canada

☆ Death of Hedge Fund Stars: Wall Street, Stock Market Titans Are Gone
▼ + stars: | 2024-07-21 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Take activist hedge funds, which buy up a percentage of a company's stock (or an asset) and then use their weight to push for operational changes. Or there would be a fun, splashy war between the hedge fund and the C-suite. Hedge funds rely on outperforming the market when times are hard and it's easier to find pockets of outperformance and exploit them. Of course, hedge funds are having a hard time coming up with a crew because the clients have changed too. Advertisement"At the end of the 1960s, the bubble burst, and everyone thought, 'That's the end of hedge funds,'" Mallaby said.

Persons: David Tepper, Anthony Scaramucci, Lenny Kravitz, lanyards, Bobby Jain, Goldman Sachs, Denise Shull, Charles Lemonides, ValueWorks, Saba Capital's Boaz Weinstein, BlackRock, Nelson Peltz, Bob Iger, Paul Singer's Elliott, —, Elliott, Meir Statman, Statman, I'm, That's, Paris, Marc Jacobs, they've, they're, Sebastian Mallaby, Julian Robertson, Julian, Mallaby, Lemonides, wonky quants, Keith Gill, David Einhorn, Andrew Left, bro Organizations: Appaloosa Management, Carolina Panthers, Bellagio, Millennium Management, Credit Suisse, Jain, Disney, Paul Singer's Elliott Management, Santa Clara University, Behavioral Finance, New, Tiger Management, Met, rockstar, Ferrari, Greenlight, Harvard, Princeton grad, Research Locations: Vegas , New York City, Singapore, Argentine

☆ Opinion | Lord Almighty, Joe, Let It Go!
▼ + stars: | 2024-07-20 | by ( Maureen Dowd | ) www.nytimes.com time to read: +1 min

Everyone wants Joe Biden gone. What if?’ We’re doing things the Democratic way. I went there growing up and have Proustian recollections of crispy French fries with vinegar sold on the Boardwalk. It makes me sad that Biden doesn’t see what’s inescapable: If he doesn’t walk away gracefully right now, he will likely go down as a pariah and ruin his legacy. The race for the Oval today is between two delusional, selfish, stubborn old guys, and that’s a depressing state of affairs.

Persons: Joe Biden, “ Everyone’s, Joe, ”, Biden hunkered, “, Biden Organizations: Democratic Locations: Rehoboth Beach

☆ Pelosi Told Colleagues She Would Favor ‘Open’ Nomination Process if Biden Drops Out
▼ + stars: | 2024-07-19 | by ( Annie Karni | Robert Jimison | ) www.nytimes.com time to read: +1 min

Ms. Pelosi, who arrived late to the meeting, spoke up in response to questions from members. Lawmakers in attendance then pressed her on what the landscape would look like if Mr. Biden ultimately decided to step aside under pressure. Ms Pelosi told them she favored a competitive process. Ms. Pelosi, according to a source familiar with her thinking, is a friend and fan of Ms. Harris, a former senator from California. But she believes even Ms. Harris would be strengthened to win the general election by going through a competitive process at the convention.

Persons: Nancy Pelosi, Biden, Kamala Harris, Ms, Pelosi, Ms Pelosi, Harris Organizations: Democratic Locations: California

☆ Inside the rift between HGTV mother-daughter duo Mina Starsiak Hawk and Karen E. Laine, who will appear in a limited season of 'Good Bones'
▼ + stars: | 2024-07-18 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +12 min

Read previewHGTV stars Mina Starsiak Hawk and her mom Karen E. Laine are returning to "Good Bones" months after Hawk went public about the strain in their relationship. On their HGTV series, "Good Bones," which premiered in 2016, Hawk and Laine renovate homes in Indianapolis, Indiana, through their company Two Chicks and a Hammer. The series quickly became popular on the network, as did its spinoff, "Good Bones: Risky Business." Mina Starsiak Hawk costars on "Good Bones." AdvertisementHGTV announced 'Good Bones' will be returning with a limited seasonOn Wednesday, HGTV announced a new season of "Good Bones" will premiere on HGTV on August 14, nearly a year after season eight premiered.

Persons: —, Mina Starsiak Hawk, Karen E, Laine, Hawk, William, Tad, Jessica, Stephen, Jack, Julie, Mina, Laine —, I've, Rachel Luna, we're, Michael Kovac, Laine didn't, it's, Karen, we've, HGTV's, Karen E Laine Organizations: Service, HGTV, Business, CR, Business Insider, Indy Locations: Indianapolis , Indiana, Charlotte, Indianapolis, Wilmington , North Carolina

In this gilded echo chamber, Mr. Trump enjoys unwavering devotion — and collects the staggering price of admission. During the 2014-15 season — the last before Mr. Trump officially entered politics — The Times counted 52 fund-raiser events at Mar-a-Lago. More than two dozen midterm candidates had already held fund-raisers on the property when Mr. Trump made that statement. But that changed when Letitia James, the New York attorney general, sued Mr. Trump for exaggerating the value of his properties. And, unlike when Mr. Trump was president, “he was there a lot,” Mr. Rustmann said.

Persons: Donald J, Trump, MAGA, Matt Gaetz, “, Sebastian Gorka, ”, Forgiato, Donald Trump, Ryan Garcia, “ Donald Trump, Glenn Beck, Roger Stone, Liz Crokin, Michael T, Flynn, We’re, —, Vivek Ramaswamy, Matthew DePerno, Frank Pavone, Kari Lake, Joe Kent, ” Cameron Moore, Alex Stone, Stone, Roger J, Stone Jr, Roseanne Barr, don’t, Abraham Lincoln, Lago, Thomas D, Homan, ” Sebastian Gorka, Gorka, Abraham Lincoln ”, Trump’s, ” Mr, Vernon Jones, Letitia James, galas, Laurence Hirsh, James, Greg Christovich, Christovich, Christovich’s, Michael Barnett, Barnett, ” Frank Vain, Fred Rustmann, Mr, Rustmann Organizations: Gravity, House, New York Times, Mar, U.S.A, Times, Trump, Palm, Republican Party of Palm, Lincoln, Breakers, Policy Institute, America’s, Inc, White, Mr, America, of, Republican, Republicans, Republican National Committee, Democratic Senatorial, Trump Organization, New, U.S ., Secret Service, U.S . Department of State, Records, The Trump Organization, Republican Party of, RSM, Republican Party Locations: Mar, Jan, America, Palm Beach, Lago, Charlottesville, Va, Beach, Georgia’s, “, New York, Republican Party of Palm Beach County, Florida

☆ America's Economic Plan Will Hurt World Economy, Global Stock Markets
▼ + stars: | 2024-06-09 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

The European Central Bank began easing interest rates on Thursday, cutting its benchmark rate by 0.25%. Investors and economists expect the Federal Reserve to follow suit and cut interest rates in September. This combination means there's a good chance that the September cut Wall Street is praying for may never materialize. The US already has somewhat higher interest rates than other countries — the Fed's benchmark rate is 5.25%- 5.50%. And in Asian economies, where interest rates are already significantly lower than in the US, things could get even messier.

Persons: Tamara, Vasiljev, Peter Schaffrik, Nigel Green, Green, we're Organizations: European Central Bank, Investors, Federal Reserve, Oxford Economics, JPMorgan, UBS, Bloomberg, of International Finance, Markets, RBC Capital Markets, deVere, Fed, We're, ECB, Bank of, EU, Bank of Canada, Bank of Canada's, Bank of England Locations: stagflation, China, Europe, Japan, South Korea, It's, America, United States, EU, Bank of England, Canada, East Asia

☆ A weaker dollar, skyrocketing prices and ‘record’ visitor numbers: Good luck in Europe this summer
▼ + stars: | 2024-06-08 | by ( Julia Buckley | ) edition.cnn.com time to read: +12 min

Hotel prices are exploding. As the owner of Destination Europe, she is sending “record numbers” of clients to the continent this year. There’s been such a huge demand for travel in the past three years, and lots of places are pushing up prices.”Is summer in Europe already a washout? Socrates Baltagiannis/picture alliance/Getty ImagesData from Hotel Monitor, American Express Global Business Travel’s annual analysis of worldwide hotel rates, backs his theory up. His prediction appears to be coming true: although the Amex GBT analysis predicted a 11% spike in Paris hotel rates this year, so far they have only risen 8%.

Persons: “ There’s, ”, Tom Jenkins, ” Kayla Zeigler, Graham Carter, “, There’s, you’re, it’s, Eric Gaillard, Reuters It’s, they’re, Eiffel, Hagia Sophia, Jenkins, Tim Hentschel, that’s, It’s, Milos, Hotelplanner's Tim Hentschel, Socrates Baltagiannis, Hentschel, haven’t, Conde Nast, Hayley Berg, Hopper, Berg, Jaime Reina, ‘, ’ ” They’re, Daniela Santanchè, ” Zeigler, Carter, –, Charles de Gaulle, ” They’re, Zeigler, ” –, – Berg, bookers, Henry Nicholls Organizations: CNN, European Tourism Organisation, Unforgettable, “, Reuters, Getty, Hotel Monitor, American Express Global, ”, AFP, Italy –, Games Locations: Europe, Bosnia, Bulgaria, Denmark, Iceland, Poland, Romania, Sweden, Switzerland, Czech, Hungarian, Ukrainian, Ukraine, Turkish, Hagia, Venice, Paris, Amsterdam, Dublin, Berlin, Stockholm, Barcelona, London, Murcia, Marbella, Windsor, Paddington, Rome, Athens, Venice’s, Mallorcan, Italy, Amalfi, Positano, Amalfi Coast, Puglia, Sicily, Slovenia, Croatia, Ireland, Portugal, France, airfare, London's, AFP

☆ Morale plummets inside The Washington Post as staffers express alarm over publisher’s attempts to squash story
▼ + stars: | 2024-06-07 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

New York CNN —Will Lewis is quickly losing the confidence of his newsroom. At The Post, according to more than a half-dozen staffers who spoke with CNN Thursday, morale has fallen off a cliff since Lewis abruptly ousted Executive Editor Sally Buzbee on Sunday. Lewis’ uncouth dispatching of Buzbee poisoned much of the goodwill he had earned with his employees over the preceding six months. Indeed, the day after he announced Buzbee’s exit, staffers pressed him in a town hall about the circumstances that led to her departure. Will Lewis, the publisher of The Washington Post, finds himself embroiled in a scandal affecting the newsroom itself.

Persons: Will Lewis, —, Lewis, Sally Buzbee, “ It’s, Lewis ’, Buzbee, Matt Murray, Robert Winnett, Rupert Murdoch’s, Prince Harry, Carlotta Cardana, David Folkenlik, Lewis “, heatedly —, Folkenflik, ” Folkenflik, Puck’s Dylan Byers, Byers, Sarah Ellison, Elahe Izadi, ” Lewis, “, Ellison, Izadi, Jeff Bezos, “ He’s, ”, don’t Organizations: New York CNN, The Washington Post, CNN, Wall Street, Fleet Street, News Corporation, The New York Times, Bloomberg, Getty, NPR, “, Columbia Journalism School Locations: New York, —, Washington

☆ Job market is still strong but has 'gotten competitive' for applicants, economist says
▼ + stars: | 2024-06-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

"This is still a strong labor market." The U.S. Federal Reserve raised borrowing costs to pump the brakes on the economy and labor market, ultimately to throttle back inflation. watch nowThere are indicators the U.S. job market remains strong and resilient despite headwinds, economists said. The national unemployment rate has been below 4% — a level indicating historical labor market strength — since February 2022. The current job market is more sustainable, she said.

Persons: Julia Pollak, Don't, Thomas Ryan, it's, Pollak, ZipRecruiter Organizations: SDI, U.S . Federal Reserve, Labor, Capital Economics, Workers, Federal Reserve Locations: North America

☆ The Washington Post publisher disclosed the paper lost $77 million last year. Here’s his plan to turn it around
▼ + stars: | 2024-05-23 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

Lewis’ plan, however, included more than just revamping The Post’s subscription offerings. While The Post clearly plans to bet big on infusing its products with A.I., it wants to emphasize the human element of its journalism. Whether the multi-pronged initiative is enough to turn The Post around, of course, remains to be seen. But the new publisher voiced confidence that these measures will put The Post on track for success. “I really hope at some point in the future, when you look back on this day,” he told staffers, “it’s actually quite a significant day in the history of our company.”

Persons: Will Lewis, strode, Lewis, “, ” Lewis, I’m, Axios, we’ve, ” Karl Wells, Lewis ’, Vineet Khosla, ”, Sally Buzbee, Kathy Baird, “ it’s Organizations: New York CNN, The Washington Post, Brit, Apple, POLITICO, Silicon Locations: New York

☆ Opinion: Rishi Sunak’s election looks like a final gasp
▼ + stars: | 2024-05-23 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +8 min

For those outside the Westminster bubble, the announcement felt less like a starting pistol than a final gasp. But unlike Sunak, who with his wife Akshata Murty is worth an estimated £651 million ($828 million), most of us can’t afford it. The British economy never fully recovered from the 2008 recession and, consciously or not, most people still feel the sting every day. As Sam Knight recently noted in the New Yorker, the average British worker is estimated to be £14,000 ($17,800) worse off per year now than they would be if earnings had risen at pre-crisis rates. Her disastrous mini-budget wiped £30 billion off the UK economy that autumn, according to independent think tank Resolution Foundation, and sent interest rates rocketing.

Persons: Holly Thomas, Katie Couric, Rishi Sunak, Keir Starmer, Tony Blair, Akshata Murty, Sam Knight, Brexit, Liz Truss, It’s, there’s, —, Boris Johnson, Johnson, who’d, that’s, Blair Organizations: Katie Couric Media, CNN, London CNN —, Conservative, Westminster, Labour, British Medical Association, BMA, Commission, Yorker, Evening, Office, National Statistics, Tory, Foundation Locations: London, Westminster, England, British, Europe, Rwanda

Trump's reputation was tied to his "playboy" image, which came with rumors of affairs. According to one report, Trump tried to get Playboy magazine to run a "Girls of Trump" spread featuring his employees. This June 7, 1995, file photo shows Trump posing for photos above the floor of the New York Stock Exchange after taking his flagship Trump Plaza Casino public in New York City. AP/Kathy Willens"He even tried to get Playboy to do a spread called 'The Girls of Trump,' wooing his most shapely staffers, including a former beauty queen secretary, into posing for the magazine with a sliding scale of offers on everything from full nude to breast to 'wet-lip' shots," Wayne Barrett wrote in his 1991 book "Trump, The Greatest Show on Earth: The Deals, The Downfall, The Reinvention." Barrett continued: "It was all part of the rakish ethos of phony glamour that he consciously fostered, even to the extent of concealing from public view a very efficient secretary with a pimplish facial condition."

Persons: Trump, Kathy Willens, Wayne Barrett, Barrett Organizations: Playboy, New York Stock Exchange, Trump Plaza Casino, AP, Trump Locations: New York City

☆ ABC News president Kim Godwin in hot water as Disney-appointed boss conducts review
▼ + stars: | 2024-05-02 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —ABC News President Kim Godwin is skating on thinner and thinner ice. OConnell, according to people familiar with the matter, has been astonished by Godwin’s management — or lack thereof — at the network. “She has to take swift moves,” a person familiar with the inner workings of ABC News candidly told me of OConnell. Those lieutenants include Stacia Deshishku, executive editor and senior vice president; Derek Medina, executive vice president; and Jose Andino, vice president of the office of the president and process management. As OConnell’s not-so-subtle evaluation has played out at ABC News, Godwin has privately voiced displeasure about being layered away from Iger and bemoaned Disney’s micromanagement, CNN was told.

Persons: Kim Godwin, Debra OConnell, OConnell, Godwin, Galen Gordon, Jonathan Greenberger, Bob Iger, tepidly, ”, Stacia, Derek Medina, Jose Andino, OConnell’s, Disney’s micromanagement Organizations: New York CNN, ABC, Disney, ABC News, POLITICO, CBS, “, CNN Locations: New York, Burbank, Washington, Iger

☆ ISS endorses most of activist Ancora's nominees for Norfolk Southern board
▼ + stars: | 2024-04-30 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Influential proxy advisory firm ISS recommended on Tuesday that Norfolk Southern shareholders support five of activist Ancora's seven board nominees, withholding an endorsement from CEO pick Jim Barber but describing him as a "credible director and CEO candidate nonetheless." Ancora is seeking to oust both current CEO Shaw and newly appointed COO John Orr. ISS recommends shareholders support Ancora nominees William Clyburn, Sameh Fahmy, Gilbert Lamphere, Allison Landry and John Kasich. "As board chair, Amy Miles arguably bears the most responsibility for this state of affairs," ISS' report read. WATCH: CNBC's full interview with NSC CEO Shaw on activist campaign

Persons: Jim Barber, Glass Lewis, Alan Shaw's, Barber, Amy Miles, Ancora, Shaw, John Orr, William Clyburn, Sameh Fahmy, Gilbert Lamphere, Allison Landry, John Kasich, Orr, Sen, Heidi Heitkamp, Richard Anderson Organizations: Norfolk, ISS, CNBC, Vanguard, BlackRock, Norfolk Southern, Delta Locations: Norfolk Southern, East Palestine , Ohio, Norfolk

☆ Meta's median pay for employees is $379,000 a year
▼ + stars: | 2024-04-26 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +2 min

The median employee at Meta earned over $379,000 in 2023, according to a recent filing. NEW LOOK 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 . That's according to a recent SEC filing, where the company stated that its median employee made just over $379,000 in 2023. But within the world of Big Tech, Meta's median salary isn't as eye-popping as it might seem.

Persons: —, Mark Zuckerberg's, Zuckerberg Organizations: Meta, Google, Service, SEC, Big Tech, Industry

☆ Haiti’s prime minister resigns as transitional council is sworn in
▼ + stars: | 2024-04-25 | by ( Rob Picheta | Duarte Mendonca | ) edition.cnn.com time to read: +3 min

CNN —Haiti’s Prime Minister Ariel Henry announced his resignation on Thursday, handing power over to a transitional council that will seek to gain control of the violence-ravaged nation. The Caribbean nation’s finance minister Michael Patrick Boisvert has been appointed as interim prime minister until a new government is formed, according to an X post from Henry’s office on Thursday. Ralph Tedy Ero/Reuters/FileA transitional council, composed of seven voting members and two non-voting observers, has been tasked with the responsibility of naming a new prime minister and cabinet. Henry announced in March his plans to step down once a decision on the country’s future leadership was made, and the transitional council was set up soon after. I don’t think that’s sunk in,” Jean-Martin Bauer, the World Food Programme’s country director for Haiti, told CNN last month.

Persons: CNN —, Ariel Henry, Henry, “, ”, Michael Patrick Boisvert, Ralph Tedy Ero, ” Jean, Martin Bauer Organizations: CNN, CNN — Haiti’s, . Police, Prince, Caribbean, United Nations, UN Locations: Haiti, Caribbean, Port, ”

☆ Rise of Hate Spending: Americans Detest High Prices but Keep Shopping
▼ + stars: | 2024-04-21 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

According to experts I talked to, the surge in hate spending can be attributed to various factors. They're aware prices aren't going back to 2019 levels, and given everything everyone's just been through, they may as well live it up. She told me that she often finds herself outraged by prices — and then ultimately succumbs to the forces of capitalism. It's easy to say you want to cut back on spending, given high prices, but when a friend asks whether you want to go shopping, it's hard to say no. Hart, the Illinois writer with a brand-new Stanley cup, sees some of her spending as a way to reclaim power.

Persons: Christ, Lydia Boussour, they're, everyone's, Jordan Hart, Hart, Boussour, —, they've, it's, acclimated, It's, Claire Tassin, Tassin, There's, Taylor Swift, jonesing, people's, Ravi Dhar, Dhar, he'd, he's, I've, she'd, she'll, Stanley Organizations: Retail, Consumers, Morning, Center, Yale School of Management Locations: America, Illinois, YOLO splurging, Europe, York

This is “Modern Love.” Today, I’m talking to the most famous couples therapist in the world, Esther Perel. esther perelOK. “What Sleeping with Married Men Taught Me About Infidelity” by Karin Jones. [MUSIC PLAYING] “I’m not sure it’s possible to justify my liaison with married men, but what I learned from having them warrants discussion. anna martinWhen we come back, I talk to Esther about the harsh criticism this essay got and why Esther thinks Karin Jones deserves more credit. esther perelThe homewrecker is always a woman because the woman is the one who says yes, and therefore, if the woman hadn’t said yes, then he wouldn’t be able to do it.

Persons: anna martin, ” I’m Anna Martin, I’m, Esther Perel, ”, ” Esther, esther perel, anna martin Oh, Esther, I’d, it’s, you’ve, anna martin You’re, esther perel Yes, It’s, Karin Jones, ” esther perel, you’re, Karin Jones’s “, We’re, anna martin Wow, ” “, anna martin Esther, Karin, anna martin Oof, “ I’m, messaged, ’, couldn’t, we’ve, they’re, esther perel Ha, I’ve, anna martin Right, hadn’t, wouldn’t, anna martin Huh, there’s, doesn’t, anna martin So, anna martin We’ve, esther perel Hi, Anna Organizations: The New York Times, of Affairs Locations: “, Belgium, Flemish, Spanish, London, United States

☆ Live Updates: U.S. Job Growth Expected to Remain Robust
▼ + stars: | 2024-04-05 | by ( Talmon Joseph Smith | ) www.nytimes.com time to read: +2 min

PinnedWith the year’s first quarter in the books, the Labor Department will release its latest update on the labor market Friday morning. Economists expect the March report to show that over 200,000 jobs were added for the fourth consecutive month, according to a Bloomberg survey. The report is expected to show that the unemployment rate ticked down to 3.8 percent from 3.9 percent in February. It’s a remarkable change from a year ago, when top financial analysts were largely convinced that a recession was only months away. Nevertheless, there is “still absolutely nothing happening” in key measures of long-run jobless claims, said Guy Berger, director of economic research at the Burning Glass Institute, which studies the labor market.

Persons: ”, Joe Davis, Guy Berger Organizations: Labor Department, Bloomberg, Federal, Vanguard, Federal Reserve, Glass Institute Locations: U.S

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