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I landed my current role in PR middle management through a Facebook mentoring groupThe CEO, Tiffany Joy Murchison, led a session I joined and asked the class what we wanted to discuss. In middle management, there's an adjustment phase where you adapt to established procedures. AdvertisementI think many middle managers feel undervalued because it's not a lane many want to be in. Amazon's recent announcement that they're cutting down on middle managers saddens me. Middle managers are crucial in bridging communication between executives and staff, ensuring operations run smoothly.
Persons: , Michelle Busch, I've, Tiffany Joy Murchison, We'll, we're, Lauryn Haas Organizations: Service, Business, TJM, Media, lhaas Locations: Washington ,, Brooklyn , New York, New York
Discovery teamed up with Disney to create an anticipated Max-Hulu-Disney+ bundle, which launched in late July for $17 per month. AdvertisementThere were less than 2 million net streaming subscribers additions in the US in Q2, according to Antenna. In August, Hulu's cancellation rate rose to its highest level since January, and Max's churn rate jumped to its highest mark since November. AdvertisementWhen taken in the context of Antenna's other data, it looks like some Hulu and Max customers are canceling their subscriptions so they can subscribe to the Max-Hulu-Disney+ bundle without paying twice. The Max-Hulu-Disney+ bundle is one of several streaming packages that media giants have conjured up.
Persons: , Max each, Peacock, Max, it's Organizations: Service, Warner Bros, Discovery, Disney, Hulu, Business, Paramount, WBD, Comcast, Netflix, Apple, ESPN
Otherwise, your lender might not approve your mortgage refinance, experts say. A change in your financial situation, like a layoff or lower income, or higher debt, could mean you don't qualify. "Your mortgage rate and whether or not you get approved for a loan or refinance ... depends on you," said Channel. You refinanced recently Technically, there are no hard limits on how many times you can refinance your mortgage, Channel said. It may be in your best interest to only consider a mortgage refinance every few years, if your financial situation has changed or if rates are falling "really dramatically," Channel explained.
Persons: Cohn, haven't, refinanced, you've
The Air Force hopes its recruits will eventually carry real rifles in boot camp, its top enlisted airman said. The push toward real weapons comes amid rising concern in the US of potential open conflict with China or Russia. Go to newsletter preferences Thanks for signing up! AdvertisementThe US Air Force hopes to eventually require its recruits to carry real weapons during basic training, according to its highest-ranking noncommissioned officer. The comment, from Chief Master Sergeant Dave Flosi, came just after the force announced in August that its recruits would receive practice M4 rifles.
Persons: , Dave Flosi, Flosi Organizations: Air Force, Service, US Air Force, Air, Cyber Conference, Business Locations: China, Russia
Israel and Hezbollah have been stuck in the tit-for-tat horror of escalation chicken for nearly a year. But the greater the harm inflicted on Hezbollah recently, the more likely a shorter-term Israeli success has seemed. A full-scale ground war between a tired, divided Israeli military and an experienced, angry Hezbollah inside southern Lebanon would likely be disastrous for Israel. The past week has shown the technological chasm between the two adversaries. Hassan Ammar/APMilitarily, the past week has been a disaster for Hezbollah.
Persons: Ibrahim Aqil, Hassan Nasrallah – Hezbollah’s, Nasrallah, Benjamin Netanyahu, , Hassan Ammar, Netanyahu – Organizations: CNN, NATO Locations: Israel, Iran, United States, Washington, Lebanon, Beirut, Beirut's, Russia, Ukraine, Gaza, irrelevance, Afghanistan
CNN —Carlos Alcaraz led Team Europe to a comeback victory over Team World in the Laver Cup on Sunday, triumphing in both his singles and his doubles matchups. It marked Europe’s fifth win in the Laver Cup and first since 2021. “It’s great, obviously, we came here with a goal, all of us, that is to win the Laver Cup,” said Alcaraz. Alcaraz defeated Taylor Fritz to secure Laver Cup victory for Team Europe. For me, to spend time with these players in Team Europe, it’s a lot of fun.
Persons: CNN — Carlos Alcaraz, Alcaraz, Taylor Fritz, Ben Shelton, Frances Tiafoe, Casper Ruud, , , Sascha, Alex Zverev, ” Zverev, Fritz, Ebrahim Noroozi, Zverev, Daniil Medvedev, Shelton, Björn Borg, John McEnroe, ‘ We’re, ” Borg, Yannick Noah, Andre Agassi Organizations: CNN, Europe, Team, Laver, Tiafoe, Team Europe, Cincinnati Locations: Berlin, Europe, Berlin’s, San Francisco
CNN —Ukrainian President Volodymyr Zelensky toured a Pennsylvania ammunition plant on Sunday as he began a key visit to the United States in which he is expected to present his blueprint to defeat Russia to President Joe Biden and other allies. “This fall will determine the future of this war,” Zelensky posted on X from his plane before landing in the US. “It is in places like this where you can truly feel that the democratic world can prevail,” he said. He will then travel to Washington for talks with Biden and Democratic presidential nominee, Vice President Kamala Harris. “I want to see what she thinks about this victory plan,” he said of Harris on Friday.
Persons: Volodymyr Zelensky, Joe Biden, Zelensky, Russia –, Biden, ” Zelensky, , Deonte Rowell, let’s, Kamala Harris, , Harris, ” Harris, Donald Trump Organizations: CNN, Scranton Army, Plant, U.S . Army, AP, United Nations General Assembly, Democratic, Biden, NATO, Republican Locations: Pennsylvania, United States, Russia, Scranton, Biden’s, Ukraine, America, United Kingdom, New York, Europe, Washington
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: CTVA, Katie Stockton Organizations: Invesco DB Agriculture Fund, Wheat, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: CTVA
The next storm that could threaten the United States was beginning to take shape Monday afternoon among a swirl of thunderstorms off the shores of Honduras in the western Caribbean Sea, with forecasters saying there is a strong likelihood that it becomes Helene, the next name in the 2024 Atlantic hurricane season storm list. Many of the forecast models that meteorologists use show the storm strengthening rapidly over the next few days before hitting somewhere along the central to eastern Gulf of Mexico coastline Thursday. This storm follows Francine, which spun across the western Gulf of Mexico this month. That storm struggled to organize and only slowly intensified into a weak Category 2 in the final few hours before making landfall in Louisiana and dropping a deluge of rainfall across New Orleans. If this storm system forms more quickly into a named storm across the Caribbean, it is more likely to become a hurricane or even a major hurricane in the Gulf of Mexico before it hits land.
Persons: Helene, Francine Organizations: National Hurricane Center, Nine Locations: United States, Honduras, Gulf of Mexico, Gulf, Mexico, Louisiana, New Orleans
China's youth unemployment rate in August rose to the highest level since the new system of record-keeping began in December, data from the National Bureau of Statistics showed, amid an economic slowdown. China's urban unemployment rate across all age categories rose 5.3% in August, compared to a 5.2% climb in July. China paused reporting the youth unemployment rate for much of the latter half of last year while it reassessed its calculation methods. China's youth unemployment has also been affected by restrictive hiring policies amid a struggling economy as companies are refusing to hire recent college graduates due to the difficulty and costs involved in firing workers in China. "That's why the [overall] unemployment rate isn't that bad but the unemployment rate for youths is so high," Rein added.
Persons: That's, Dan Wang, Shaun Rein, Rein Organizations: National Bureau, Statistics, HSBC, China Market Research, People's Bank of Locations: China, People's Bank of China
Read previewSouth Korean companies are investing billions of dollars in the US to take advantage of two big laws meant to boost American manufacturing. A Financial Times analysis of United Nations data found South Korean companies invested $21.5 billion in US projects in 2023, more than any other country. Related storiesAnd South Korean investments span multiple states, mainly in the South. In the past decade, South Korean companies have created about 7,000 jobs in Texas and nearly 8,000 jobs in Indiana. Those provisions have incentivized South Korean companies to divert from China and focus more on the US.
Persons: , Yeo, South, Biden, South Korea —, " Yeo, Joe Biden's Organizations: Service, United, Business, Samsung, LG, Hyundai, South, Peterson Institute for International Economics, EV, Financial, Kia, SK Hynix, Korea's Ministry of Trade, Industry, Energy, Wall Street, World Bank, Biden Locations: United Nations, South Korea, Taiwan, Southern, China, US, Georgia, South, Texas, Arizona, Indiana, Korea's
Bloomberg | Bloomberg | Getty ImagesJapan has ramped up its push for companies to adopt a four-day workweek, but those efforts face steep challenges in a country famous for its workaholic culture. The Japanese government recently initiated a "work style reform" campaign aimed at promoting flexible work arrangements, shorter hours and overtime limits. The move marks a more concerted effort after the government first floated support for a shorter workweek in 2021 when lawmakers endorsed the idea. "Being part of a company is almost part of a community, and this results often in longer work hours, not as efficient work hours," he told CNBC. I think that it's going to take time [for the four-day workweek] to penetrate… we're not used to being flexible.
Persons: Tim Craig, Craig, it's, Martin Schulz, karoshi, Hiroshi Ono Organizations: Bloomberg, Getty, Japan, Ministry of Health, Labor, Welfare, Fujitsu, CNBC, Hitotsubashi University Locations: Japan
The investigation sparked debate about free speech and criminal activity online, but the authorities’ concerns weren’t exactly a surprise. Now, Telegram is making some changes in an effort to reduce criminal activity on the platform, Durov said Monday in a post on the app. “If you still manage to find something unsafe or illegal on Telegram Search, please report it to us via @SearchReport,” Durov wrote. “Telegram Search is meant for finding friends and discovering news, not for promoting illegal goods,” Durov said. It’s unclear how the move to share some user data with law enforcement will impact the ongoing French investigation.
Persons: Pavel Durov, Durov, launderers, White supremacists, ” Durov, Organizations: New, New York CNN, Service Locations: New York, France, Israel, United Kingdom
New York CNN —Kmart, once one of America’s leading discount retailers, is closing its last full-size store in the mainland United States. It also has stores in Guam and the US Virgin Islands, where it does not face competition from more successful big box stores. At the time of the 2005 merger Kmart had about 1,400 stores and Sears nearly 900 full-line US stores. Today only a handful of Sears stores remain, although it has outlets thatoperate under the Sears Hometown brands. The chain grew rapidly for several decades, claiming the discount segment of the market that big box stores now dominate.
Persons: Transformco, Eddie Lampert, Lampert, Sebastian Spering Kresge Organizations: New, New York CNN, Kmart, Sears, Sears Holdings, Virgin Islands, Walmart, Target, Sears Hometown Locations: New York, United States, Bridgehampton , New York, Long, Miami, Guam, Virgin, Detroit
The two sides met at City’s Etihad Stadium on Sunday with both teams eager to strike first in this year’s title race. Just before half-time, Arsenal attacker Leandro Trossard committed a foul before kicking the ball across the pitch, earning a controversial second yellow card. Matt West/ShutterstockAfter being reduced to 10 players, Arsenal manager Mikel Arteta adopted a highly defensive shape to try and protect the lead. “I think the win belongs to the players and for our fans,” Fonseca said after the game. A chaotic first half saw visiting Wolfsburg take a 3-2 lead before Piero Hincapié leveled things up shortly after half-time.
Persons: Erling Haaland, Pep Guardiola’s, Rodri, Riccardo Calafiori, Gabriel Magalhães, Leandro Trossard, Trossard, Michael Oliver, Matt West, Mikel Arteta, John Stones, Kyle Walker, , Robert Lewandowski, Ayoze Pérez, Pablo Torre, David Ramos, , Marc, André ter Stegen, Blancos, Thibaut Courtois, Dani Carvajal, Rodrygo, Vinícius Jr, Mbappé, Carlo Ancelotti’s, Atlético, Matteo Gabbia, Christian Pulisic, Yann Sommer, Milan's Tijjani Reijnders, Alessandro Bastoni, Marco Luzzani, Federico Dimarco, Gabbia, Paulo Fonseca, ” Fonseca, we’ve, Serie A’s, Michael Olise, Jamal Musiala, Harry Kane, Serge Gnabry, Christina Pahnke, ” Kane, Kane’s, Xabi, Piero Hincapié, Victor Boniface Organizations: CNN, England’s Premier League Arsenal, Manchester, Premier League, City’s Etihad, Arsenal, Gunners, Londoners, City, BBC Radio, BBC Sport, La Liga Barcelona, Villarreal, La Liga, Torre, Catalans, Real Madrid, Espanyol, Madrid hasn’t, Barcelona, Serie, Italy’s, Milan, Internazionale, Derby, San, US, Inter, Torino, Hellas Verona, Germany’s Bundesliga, Bayern, Bundesliga, Dinamo Zagreb, Champions League, Werder Bremen, Getty, Bayer Leverkusen, Wolfsburg, Leverkusen Locations: Villareal, Raphinha, Milan, Bayern Munich, lederhosen, AFP
Apollo Global Management is in talks to invest up to $5 billion into Intel, Bloomberg reports. It follows a separate report that Qualcomm approached Intel about a potential takeover. Go to newsletter preferences Thanks for signing up! AdvertisementIntel could be getting a capital injection of up to $5 billion from asset management powerhouse Apollo Global Management, Bloomberg reported on Sunday. According to the report, the "equity-like" investment is still under discussion, and no deal has been finalized.
Persons: Organizations: Apollo Global Management, Intel, Bloomberg, Qualcomm, Service, Business
Calls of the Day: Netflix, Palantir, Uber and Trade Desk
  + stars: | 2024-09-23 | 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 EmailCalls of the Day: Netflix, Palantir, Uber and Trade DeskThe Investment Committee debate the latest Calls Of The Day.
Persons: Palantir Organizations: Netflix
Read previewConsumers could end up paying the (personalized) price as AI becomes more popular, FTC Chair Lina Khan recently warned. Khan said that dynamic pricing, while a separate pricing strategy, may have helped price targeting become more prevalent as people become increasingly used to encountering it. Dynamic pricing itself has already proven controversial in some areas. Wendy's received major heat from customers after announcing plans to introduce dynamic pricing and AI-enabled menu changes as early as 2025. Later, the fast-food chain clarified that its dynamic pricing would not raise prices but rather only provide discounts.
Persons: , Lina Khan, Khan, there's, we've, Wendy's, Kroger, Elizabeth Pancotti, Pancotti Organizations: Service, Innovation, Business, FTC, Microsoft, Walmart, Roosevelt Institute
Three former chairs of the Maine Republican Party "enthusiastically endorsed" Democratic Vice President Kamala Harris for president over GOP nominee and former President Donald Trump in an opinion piece published by Bangor Daily News on Monday. "We see these same positive characteristics are on full display in Vice President Harris and her candidacy. A spokesperson for the Trump campaign did not immediately reply to a request for comment on the op-ed. Additionally, the former chairs took a jab at the broader Republican party in their letter, claiming that much of the leadership of the party "has joined the cult of Trump." Both Cole and O'Meara chaired the Maine Republican Party in the 1990s.
Persons: Kamala Harris, Donald Trump, Robert A.G, Monks, Ken Cole, Ted O'Meara, Harris, Cole, O'Meara, Trump, Trump's, Susan Collins, Obama, Dick Cheney, George W, Bush Organizations: Cobb Energy Center, Maine Republican Party, Democratic, GOP, Bangor Daily, Republican, U.S ., Republican Party, Trump's MAGA Republican, Maine Republicans Locations: Atlanta , Georgia, Maine, Ukraine, Philadelphia, United States, Russian
Sterling breached $1.33 against the greenback for the first time since March 2022 on Thursday, and was trading at $1.3315 early London time Monday. The pound's rally was tied to the BOE communication and "looks fully justified," Chris Turner, global head of markets at ING, said in a Friday note. Higher rates are traditionally a positive for a domestic currency as the higher yield can attract more foreign capital. watch nowGabriella Dickens, G7 economist at AXA Investment Managers, also cautioned on the pound's outlook in a note Thursday. If the government is more stringent on fiscal policy, we think the Bank will be forced to increase the pace of the cutting cycle to offset the hit on both households' and businesses' finances."
Persons: Keir Starmer, BOE, Chris Turner, Turner, Jane Foley, Gabriella Dickens, Dickens Organizations: Bank of England, Labour, Sterling, greenback, London, ING, Fed, U.K, European Union, Rabobank London, CNBC, AXA Investment, Bank, quicken Locations: Britain,
Read previewNASA's James Webb Space Telescope floored astronomers and spectators across the globe when it released its first full-color images. Even those preliminary snapshots revealed countless stars, galaxies, and fine details that hadn't been seen before. A side-by-side collage of the same area taken by Hubble and the James Webb Space Telescope in its very first image. In the JWST image, you can see galaxies in the background that were invisible to HubbleA few galaxies that are clearly visible in the JWST image, but not the Hubble image. The JWST image also revealed the stellar nurseries created as galaxies mergeThe JWST image shows a region of gas compressed between merging galaxies.
Persons: , James Webb, Webb, Joseph DePasquale, JWST, hadn't, Eric Smith, Hubble, STScI Webb, Mark McCaughrean, McCaughrean, Amber Straughn, Jane Rigby, we've Organizations: Service, Business, NASA, ESA, CSA, Hubble, James Webb Space, Hubble Heritage, European Space Agency Locations: JWST
Read previewNew satellite images show extensive damage at an ammunition depot inside Russia after long-range Ukrainian drones struck the facility. AdvertisementThe aftermath of a Ukrainian attack on a Russian ammunition depot in Toropets. Just days after the Toropets attack, over the weekend, Ukraine said it struck two more ammunition depots inside Russia. AdvertisementThe attacks over the past week mark Ukraine's latest long-range strikes targeting key military and energy facilities inside Russia. Britain's defense ministry said Russia's air defenses "continue to struggle with Ukrainian deep strike operations," even though Moscow claimed to have shot down dozens of Ukrainian drones in the Toropets attack.
Persons: Organizations: Service, Business, Ministry of Defense, Security Service, Ukraine Locations: Russia, Toropets, Russia's, Tver, Ukraine, Russian, Ukrainian, Tikhoretsk, Krasnodar Krai, Kyiv, Moscow, Kursk
Here’s what could knock the stock market’s momentum
  + stars: | 2024-09-23 | by ( Fred Imbert | ) www.cnbc.com   time to read: +3 min
The S & P 500 also reached an all-time high last week and posted a weekly advance of 1.4%. Here's a look: Valuations The S & P 500 trading near record highs is a double-edged sword, as valuations are also at historically high levels. "The S & P 500 is already trading a little above where it deserves to at year-end 2024." Scott Chronert of Citi also noted that six of the 11 S & P 500 sectors have "valuation composites near/at top decile levels." The S & P 500 has averaged a 2.3% loss in September over the past 10 years, according to FactSet data.
Persons: Stocks, it's, Lori Calvasina, Scott Chronert, BTIG's Jonathan Krinsky, Kamala Harris, Donald Trump, Piper Sandler, Craig Johnson, Gonzalo Asis, RBC's Calvasina, Citi's Chronert Organizations: Dow Jones, Federal Reserve, RBC Capital Markets, Citi, NBC, Presidential, PCE, Bank of America
The move they made is a big cut," SlateStone Wealth's Kenny Polcari told CNBC's " Street Signs Asia " on Sept. 19. Calling it a "crisis level cut," he added that "people [are] scratching their heads, going, what's it really mean?" Federal Reserve Chair Jerome Powell stressed that the big rate cut does not signal that the risk of a recession is elevated. According to FactSet data, of the 20 analysts covering the stock, 18 give it a buy or overweight rating, while two have a hold rating. Biotech play Another stock Polcari is bullish on is biopharmaceutical player Amgen , given its pipeline of new products .
Persons: Kenny Polcari, CNBC's, Jerome Powell, Polcari, Amgen, — CNBC's Sean Conlon Organizations: U.S, Biotech, U.S . Food, Drug Administration, Euronext, Nasdaq, Nvidia Locations: Federal, U.S, Amgen, Euronext Amsterdam, Dutch, ASML
Marc Rowan on leadership & the future of Apollo
  + stars: | 2024-09-23 | 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 EmailMarc Rowan on leadership & the future of ApolloCNBC's David Faber sits down with Apollo Global CEO Marc Rowan to discuss the Fed's latest move, the odds of recession, government spending, his future plans for Apollo and more.
Persons: Marc Rowan, Apollo CNBC's David Faber Organizations: Apollo Global, Apollo
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