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Market analysts predicted choppy trading and sharp swings going into the US presidential election. AdvertisementMarket analysts are braced for volatility ahead of Tuesday's presidential election as traders shuffled their bets on a Donald Trump or Kamala Harris victory. The drivers of market performance — economic growth, corporate earnings, and innovation — ultimately outshine the impact of political changes. The Trump trade is a stronger dollar, weaker bonds/ higher bond yields and stronger crypto. With one day left of this campaign, the dollar is falling, and the dollar index is at a two-week low.
Persons: Donald Trump, Kamala Harris, , who'll, Naeem Aslam, Joshua Mahony, Harris, Hal Cook, Hargreaves, Kathleen Brooks, Trump Organizations: Service, Republican, Democratic, Federal Reserve, Zaye, Trump, FX Locations: Iowa, United States
AdvertisementThe US's efforts to produce more semiconductor chips have encountered some challenges over the past few years, but the tide may be turning. In 2022, President Joe Biden signed the CHIPS Act into law, which included $39 billion in manufacturing incentives for chip production in the US. Last year, TSMC announced that the official opening of its first Arizona fab would be pushed back from 2024 to 2025. TSMC's production of Apple chips is good news for Americans hoping to land jobs in the industry, Patel said. He said he thinks TSMC's production of Apple chips would bode well for the future.
Persons: TSMC, Biden, It's, , Tim Culpan, Culpan, Tim Cook, Dylan Patel, SemiAnalysis, Mark Muro, Apple, Harris, Joe Biden, Arizona hasn't, it's, Morris Chang, Patel, Muro, bode Organizations: Apple, Service, Brookings Institution, Biden, Management, Workers, Brookings Institute, Semiconductor Industry Association Locations: Arizona, Taiwan, Phoenix
Inflation under Trump: Trump repeated his false claim that there was “no inflation” over his four years as president. Inflation under Biden: Trump also falsely claimed, “Biden went two years with no inflation, because he inherited from me. South Korea’s payments for the US military presence: Trump repeated his false claim that before his presidency, South Korea paid “nothing” for the US military presence there. He claimed that when he started trying to get South Korea to pay, the country responded, “We will not. The Congressional Research Service wrote in a 2023 report: “In the past, South Korea generally paid for 40%-50% (over $800 million annually) of the total non-personnel costs of maintaining the U.S. troop presence in South Korea.”US troops in South Korea: Trump falsely claimed, as he has before, that the US has “40,000 troops” in South Korea.
Persons: Washington CNN —, Donald Trump, Trump, John Deere, they’re, John Micklethwait, Harris, Kamala Harris, , Biden, , “ Biden, don’t, , didn’t,  Trump, Barack Obama, Obama, Nobody, Joe Biden, haven’t, Biden’s Organizations: Washington CNN, Wall Street Journal, Bloomberg, CNN, Republican, Economic, of, Bloomberg News, Biden, Capitol, Trump, The Justice Department, FBI, Trade, European Union, , EU, US, European, NATO, , Nord, ISIS, South, Congressional Research Service, Pentagon, Department of Defense Locations: Mexico, United States, of Chicago, Washington, DC, Biden’s, China, Canada, Japan, European Union, Venezuela, Russian, Germany, Nord, , South Korea, Korea, Trump , South Korea, South
Erik Smolinski shares the 'road map' he used to build wealth and achieve financial independence. He also provides steps anyone can take to build wealth, starting with opening a brokerage account. Part 1: Understand 3 'wealth levers'According to Smolinski, there are three "wealth levers" that you have to use in order to build wealth. Next, link your bank account to your brokerage account and initiate your first transfer. Over time, you'll learn to live without the chunk of money you're setting aside for your future.
Persons: Erik Smolinski, , Smolinski, that's, you've, I'm Organizations: Service, Marine Corps
AdvertisementA 101-year-old man who worked until he was 85 shared his secrets for living a long, healthy life. Born in 1922 in the UK, William (who didn't share his last name) is older than Mount Sinai Hospital in Toronto, where he's a patient. AdvertisementDr. Samir Sinha is William's doctor at Mount Sinai Hospital. Sinai Health, the parent company of the Mount Sinai Hospital, shared what William thinks has helped him live so long. Sinai Health FoundationHaving a long and varied careerWilliam has had various jobs and didn't retire until he was 85.
Persons: William, , Samir Sinha, William's, Sinha, didn't, Heidi Tissenbaum Organizations: Service, William, Sinai, Pew Research Center, Census, Mount Sinai, Health, Mount Sinai Hospital, Nutrition, University of Massachusetts Medical School Locations: Toronto, Mount, Sinai
With his mentors' feedback, he created a résumé that helped him land him a role at Google a few months later. Software engineer at GoogleSahil Gaba, a software engineer at Google, said he liked two main things on his 2021 résumé, which landed him $300,000 in starting pay. Software engineer at MetaHemant Pandey, a software engineer at Meta, said he has been using the same résumé template since he graduated from his master's program in 2017. It landed Lin his roles at Meta, Visa, and PayPal, and, in 2022, a $350,000 pay package at Google. Previously at Cisco and SAP, the software engineer now works for Salesforce, where he interviews other candidates.
Persons: , Virmani, Google Virmani, Google Sahil Gaba, I've, Gaba, Meta Hemant Pandey, it's, Google Yung, Yu Lin, he's, Lin, Ghatage Organizations: Big Tech, Service, Deloitte, Google, Software, Meta, Tesla, SAP, Visa, PayPal, Cisco
Former FAA contractor Abouzar Rahmati was indicted over claims he was spying for Iran, the DOJ said. AdvertisementA former Federal Aviation Administration (FAA) contractor has been indicted over claims that he used his position to spy for Iran, the Department of Justice said. Before working for the FAA, Rahmati was a First Lieutenant in the Islamic Revolutionary Guard Corps (IRGC) from around June 2009 until roughly May 2010, according to the indictment. Related storiesWhile working for the company, the department said he downloaded "sensitive non-public" documents related to the FAA and took them to Iran in April 2022. AdvertisementThe DOJ and the Islamic Republic of Iran did not immediately respond to requests for comment.
Persons: Abouzar Rahmati, Rahmati, , Abouzar, Iran —, Robert Wells Organizations: FAA, DOJ, Service, Federal Aviation Administration, Department of Justice, Islamic Revolutionary Guard Corps, NAS, FBI's National Security Branch Locations: Iran, Iranian, Islamic Republic of Iran
After being fired from her last job, she started her own business and is set to earn more than ever. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When I switched to my second job out of college, I received a salary increase of about 20% and I felt like the possibilities were endless. I would say job pivoting has not only paid off in terms of my earnings increasing, but also my mental wellbeing. I now report to no one but myself, and I finally get to make a living on my own terms.
Persons: Megan Lieu, Lieu, , I've, who's Organizations: Service
In today's edition, our team breaks down a key Nebraska state senator's decision to stand in the way of a Trump-backed drive to change how the state allocates its electoral votes. Trump allies have pushed for a special legislative session intended for the Republican-controlled legislature to change Nebraska to a winner-take-all system instead of awarding electoral votes by congressional district. The developments appear to cap months of deliberations over whether Nebraska lawmakers could change the way the state apportions its electoral votes in a way that would benefit Trump. Nebraska allocates its electoral votes by congressional district, and the swing district around Omaha has twice gone to Democrats in recent years, giving them one electoral vote from an otherwise ruby-red state. But if lawmakers changed that to a winner-take-all model, Trump would be all but certain to win all of Nebraska’s electoral votes.
Persons: Jonathan Allen, Bridget Bowman, Adam Edelman, Katherine Doyle, Allan Smith, Ben Kamisar, Donald Trump, Sen, Mike McDonnell, Trump, Kamala Harris, Mark Murray, Democratic Party — Harris, Harris, , Biden’s favorability, Harris ’, Trump’s favorability, Trump’s, , Jeff Horwitt, J D, Joh, Hou, ari, us jobs, Rea Organizations: NBC, White House, Capitol, Trump, Key, Key Nebraska Republican, Nebraska Republican, Republican, NBC News, Nebraska, Electoral, Democratic Party, Democrats, Democratic, New York Times, aig Locations: Nebraska, Key Nebraska, , Omaha, Michigan, Pennsylvania, Wisconsin, Siena, Arizona , Georgia, North Carolina
Ted Purdom, from San Anselmo, California, graduated in 2011 with a bachelor’s degree in English and enrolled in an overseas language program, aiming to learn Spanish. He ended up in Mallorca, the capital of the Balearic islands off the east coast of Spain, for the nine-month program. A friend told him about another program that placed American “language coaches” in Spain, called “Auxiliares de Conversación,” (conversation assistants), run by the Spanish Ministry of Education. So that November he opened The Bridge English Academy in Manacor, converting a former wine store into classrooms to give English language courses to locals. Then there’s the fact that the islanders’ first language isn’t Spanish, but Mallorquin, a dialect of Catalan.
Persons: he’d, Ted Purdom, , Purdom, , , – Lluïsa, Apollonia, Neme Jimenez, iStock, ” Purdom, Llombards, Dennis Fischer Organizations: CNN, University of Oregon, Spanish Ministry of Education, Mallorca, English Academy, San Francisco Bay Area Locations: California, Mallorca, San Anselmo , California, Balearic, Spain, Spanish, Oviedo, Asturias, Mallorca’s, Palma, Manacor, American, kickstarting, San Francisco Bay, Francisco, Bay
Why finding a job is so awful right now
  + stars: | 2024-09-15 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +9 min
I'm still unemployed," Jolles told Business Insider. AdvertisementIn any case, Jolles, who describes himself as an "older" tech worker, felt depleted by the job search in California. Averett believed the position wasn't a good fit for her, but she also knew from her experience in HR how tough a job search could be. As someone who works in HR, she gets what it's like to be inundated with applications from job seekers like her. Given how fruitless his job search has been, Cash plans to soon give it up.
Persons: , David Jolles, I'm, Jolles, It's, Nick Bunker, Bunker, Jason Henninger, Heller, bupkis, Jenitta Averett, Averett, she's, — Averett, it's, Kevin Cash, he'd, Cash, Uber, he's, I've, Kevin Cash Ben Boxer Cash's Organizations: Service, Business, UPS, LinkedIn, Navy Locations: Silicon Valley, It's, Atlanta, America, Georgia, California, Covid, Hampton , Virginia, Portland , Oregon
AdvertisementWaiting helped improve my time managementSince my graduate school program met at night, I continued to work full-time. AdvertisementMore time meant more opportunities to hone academic skillsTo prepare for graduate school, I studied for the GRE. Graduate school actually gave me a valid way to put up more boundaries for a work-life balance. Ultimately, attending graduate school was a true honor, and it felt like a respite from the hectic demands of my day job. Graduate school was about making work that I was proud of, which was a nice change in my life.
Persons: , wasn't, didn't Organizations: Service, Business Locations: undergrad
However, working from home can have drawbacks when it comes to taking a lunch break. "If you're really working around the clock, until let's say dinner time and don't take that break, it's not contributing to the longevity, sustainability, and overall health of employees," Tavis said. Overworking and burnout from not taking a proper break can also contribute to mental health issues, Tavis said. AdvertisementEmployers need to do moreDiRose said the best preventive measure to ensure employees are taking breaks is more training. Tavis said that for hybrid setups, managers need to make sure they encourage staff to take lunch on in-office days.
Persons: , Isabel Berwick, Nick Bloom, Mark Mortensen, it's, Mortensen, Anna Tavis, Tavis, Janice DiRose —, DiRose, they're Organizations: Service, Employees, Business, Financial, Stanford University, Netflix, New York University, Engage, Florida —, Fair Labor, Employers Locations: Florida
Supply-side shocks could encourage Fed to pause: Strategist
  + stars: | 2024-09-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSupply-side shocks could encourage Fed to pause: StrategistBrian Jacobsen, Chief Economist at Annex Wealth Management, talks about risks to the Fed's policy-easing path, ranging from US jobs data to tensions in the Middle East.
Persons: Brian Jacobsen Organizations: Annex Wealth Management
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "It's about leaning into my age and experience as an asset versus being 'too old' for the startup world," Loria, 61, said. A survey by Gusto, a payroll-services company for small businesses, found that nearly one in four new businesses started in 2023 were in the professional-services industry. It also found that among the businesses started by people 55 and older in 2023, about 35% were in the professional-services industry. He said there was a "natural match" between younger and older founders: He appreciates the boldness and drive of younger founders and thinks he can provide the wisdom that he's developed over the years.
Persons: , Joseph Loria, Loria, RetentionCX, he'd, he's Organizations: Service, Business, Tulane University
Read previewThis as-told-to essay is based on a conversation with Stephen Knox Jones Jr., a 37-year-old scientist who lives in Vilnius, Lithuania. Here, people recognize the value of having time away from work for well-being — and now I don't feel guilty anymore when I take time off. Jones Jr. thinks the quality of his research is better because he's less stressed and has more head space to dedicate to his work. That's why I think the quality of my research is better in Lithuania than it might be in the US. Jones Jr.'s quality of research is important to him because of his strong desire to contribute to humanity's advancement.
Persons: , Stephen Knox Jones Jr, It's, there's, that's, I've, Jones, it's, Stephen, Jessica Orwig Organizations: Service, Business, Molecular Biology Laboratories, Jobs Locations: Vilnius, Lithuania, New Hampshire, Rhode Island, Texas, After Texas, Europe, jorwig@businessinsider.com
Jackson, 37, is a technician at Vestas, a wind turbine manufacturer, in Bee County, Texas, and earns $73,000 per year. The Labor Department reports that wind turbine service technicians have one of the highest rates of injury and illness of all occupations. Here's how Jackson earns $73,000 a year as a wind turbine service technician in Texas. Mickey Todiwala | CNBC Make ItWhile you don't need a bachelor's degree to become a wind turbine service technician, some jobs might require you to complete a 2-year technical program or apprenticeship. "The wind turbines are smart, they're basically computers and constantly communicating to us what is going on with them."
Persons: Jessica Jackson, , Jackson, It's, Jackson's, Mickey Todiwala, Vestas, She's Organizations: CNBC, The Labor Department, University of Arizona, Blattner Energy, Blattner Locations: Jackson, Bee County , Texas, U.S, Texas, Vestas
Read previewJapan's main stock market index suffered its biggest fall since 1987, closing 12.4% lower on Monday, while markets in Asia and Europe also fell sharply. US stock markets sunk at the end of last week as investors digested a streak of negative economic data and disappointing earnings from Big Tech companies. The Chinese stock markets were already under pressure this year due to the country's economic troubles. Japan kept interest rates ultra-low for decades following the implosion of an asset bubble in the 1990s that contributed to persistent deflation. AdvertisementThe BoJ's rate hike has also fanned further risk-off sentiment in global stock markets.
Persons: , Tony Sycamore, Taiwan's Taiex, Paris, it's, Sycamore, Vishnu Varathan, Mizuho Bank's Organizations: Service, Nikkei, Business, Big Tech, Nasdaq, IG Australia, Bloomberg TV, Kospi, CSI, Federal Reserve, Bloomberg, Bank of Japan, ING Locations: Asia, Europe, Frankfurt, London, Japan
It may be even harder now that cracks are forming in the labor market. The jobs report was not a disaster, by any stretch, and it’s no guarantee of a looming recession. But it was a surprise, and economists expressed concerns about how quickly the labor market appears to have downshifted. For Wall Street, the surprise slowdown was the bitter cherry on top of a sundae of disappointing tech earnings. (In other words, Wall Street may have overreacted because, well, that’s just kinda the way Wall Street does things.)
Persons: Harris, couldn’t, that’s, , Heidi Shierholz, Kamala Harris, Sam Stovall, it’s, It’s, Joe Biden’s, Jason Smith of, , Biden Organizations: New, New York CNN, Biden, Economic Policy Institute, Democratic, CFRA Research, , Dow, Nasdaq, Republicans, GOP, Harris Administration, Connecticut GOP Locations: New York, Jason Smith of Missouri, Connecticut
I wasn't prepared for the reality of my teaching salary or complicated nature of interest on student loans. I'm 35 now and have a long, winding history with my student debt, from income-driven repayment plans, to in-school deferments, to the SAVE plan, which an appeals court just blocked. And with the lawsuits and delays, my $150,000 of worth of debt in private and federal loans is now in limbo. AdvertisementThe lawsuits feel political to me, but I just don't see why politicians are interested in hindering my ability to survive. The election looms before me, with my financial future depending on who occupies the White House and how they feel about student debt.
Persons: Shanna Hayes, I'd, wasn't, I've, deferments, , it's Organizations: Service, New England College, SAVE, House Locations: New York, New Hampshire
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
When you're going in for a job interview, remember, you're interviewing your prospective employer, too. Consider the questions you'd like to ask and sprinkle them in throughout the interview or ask them at the end when they open it up. It's what Dan Space, who's worked in HR at companies like Electronic Arts and Spotify, calls "humblebrag questions." They show you off and get your questions answeredA humblebrag question both shows you off and addresses something that you're genuinely curious about. You can also reference a specific success you had in a similar job and ask if this company is doing something similar.
Persons: it's, Dan, who's Organizations: Electronic Arts, Spotify
But I was shocked when I was met with judgment for still being on my dad's phone plan. Each sales associate jokingly asked if I was on my family's phone plan, and I sheepishly admitted I was. So, they're happy to help me by letting me stay on the family phone plan and sharing their streaming services with me. Related storiesMany of my friends moved back in with their parents after college to save money, and I've debated doing the same thing. I'm grateful that my family is so supportive, and just knowing that makes me work harder to meet my goals.
Persons: I've, sheepishly, we'd, It's, I'm, it's Organizations: Service, Columbia Journalism School, Pew Research Locations: New York, Manhattan
Myanmar's Kachin State is believed to hold up to 90% of the world's most valuable jade. Demand for it is growing in China, where the stone is considered sacred. But hunting for it is one of the most dangerous jobs in the world, and many end up trapped, addicted to the heroin they say replaces their wages. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.
Organizations: Business Locations: Kachin State, China
Read previewSteven and Lauren Keys, now 33 and 34, retired at 29 and have visited every state and national park — managing to grow their wealth while doing so. They've explored much of the country, deciding their favorite national parks are in California and Alaska — while their least favorite are in the Midwest. "We've been to Yosemite a couple of times, and there are areas where you're sitting in traffic literally in a national park for an extra 45 minutes." About 41% of the total cost of attending all national parks came from traveling to Alaska, Hawaii, and other American territories. Their least favorite national park was Hot Springs in Arkansas, which was the first national park they visited.
Persons: , Steven, Lauren Keys, They've, Lauren, It's, We've, Hawaii's Haleakalā, St . Louis, St, Rushmore Organizations: Service, Business, University of Florida, Facebook, Yosemite, Hawai'i Volcanoes, Springs, Voyageurs, Kansas City Locations: California, Alaska, Tampa, Florida, New York, Hawaii, Gainesville —, Australia, Canada, Yosemite, Eureka Valley, Badwater, Hawai'i, Maui, Yellowstone, American Samoa, Carlsbad, Arkansas, St ., Minnesota, Guadalupe, Texas, Utah, Southern California, Oahu, Kansas , Missouri, South Carolina, New Jersey, Kansas, Louis, North Dakota, South Dakota , Idaho, Montana
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