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☆ My fiancé and I are planning our wedding, but he's unemployed, and we're in debt. We've had to get creative.
▼ + stars: | 2024-04-20 | by ( Kelsey Herbers | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen my fiancé, Collin, was unexpectedly laid off last October, he told me it would likely delay his marriage proposal. Related storyBut planning the actual wedding while in debt has been anything but romantic. As a result, we spent months feeling on hold with any and all wedding planning efforts, including setting a date. This also leaves us more time to secure vendors, as many vendors maintain availability for weekday weddings since they're less popular.

Persons: —, Collin, We've, I've, Kelsey Herbers Organizations: Service, Business, Facebook, Connect, LinkedIn Locations: South Carolina, Charleston , South Carolina

☆ She set out to find a husband in a year. Then she matched with a guy on a dating app on the other side of the world
▼ + stars: | 2024-04-19 | by ( Francesca Street | ) edition.cnn.com time to read: +21 min

He quickly found the Wellington dating pool to be full of people he vaguely knew – friends of friends or old college acquaintances. The whole thing was quite surreal, made only more so by the fact that Samantha had now met Toby’s parents before she’d actually met Toby in person. When Samantha returned to London, Toby was in a bad way. “But we were spending 24/7 together.”Samantha says the decision was obvious “pretty much as soon as we met in real life.”In time, Toby met Samantha’s family. Telling the story on stageSamantha first told the story of how she met Toby on stage in 2018.

Persons: Samantha Hannah, Samantha, “, ”, ” Samantha, she’d, absentmindedly, I’d, ’ ”, wasn’t, Samantha swiped, Toby, –, ” Toby, Toby Hunter, he’d, Samantha’s, – Samantha, Wellington, “ Sammy, ” she’d, – he’d, they’d, he’s, Samantha Hannah Toby, Sammy, I’m, Toby’s, “ We’d, ’ Toby, Samantha Hannah Samantha, Toby hadn’t, ’ ” Samantha, Samantha –, London, Madame Tussauds, Samanta’s, Time, Samantha didn’t, who’d, that’s, didn’t, ” –, Mount, “ We’re, Samantha Hannah Today, she’s, It’s, Toby –, it’s, doesn’t, We’ve, we’ve, Toby aren’t, “ I’ll, Toby hasn’t, “ We’ve, Toby wasn’t Organizations: CNN, CNN Travel, Facebook, Marlborough, Civilian, New Zealand, MTV, London, Design Museum, Wellington Opera House, Edinburgh Fringe, Scottish, Comedy Locations: Australia, New Zealand, Perth, Scotland, Zealand, Wellington, Gisborne , New Zealand, Napier, London, Bali, Wellington , New Zealand, NZ, Glenorchy , New Zealand, New, ”, Budapest, Hungary, Heathrow, Toby’s, “, Edinburgh

☆ Sheetz accused of racial discrimination in its hiring process
▼ + stars: | 2024-04-18 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —A federal agency accused a popular gas station chain of discriminating against Black, Native American and multiracial applicants in its hiring practices. The Sheetz criminal screening process disproportionately screened out applicants from those legally protected groups, the lawsuit announced by the US Equal Employment Opportunity Commission on Thursday alleged. In a statement, Sheetz said it “does not tolerate discrimination of any kind.”“We take these allegations seriously. As part of the hiring process, applicants must answer questions about their criminal justice history and go through a background check through a third-party vendor. The lawsuit seeks an order for Sheetz to end its current hiring practice and create equal employment policies and programs.

Persons: Sheetz, ” Nick Ruffner, EEOC, ”, Debra M, Lawrence Organizations: New, New York CNN, US, Employment, Civil, RAND Corporation Locations: New York, Court, Maryland, United States, Pennsylvania, West Virginia, Virginia, Maryland , Ohio, North Carolina, Coast

☆ A four-day work week could be coming as AI proliferates — and these companies could capitalize
▼ + stars: | 2024-04-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Hedge fund manager and New York Mets baseball team owner Steven Cohen has already begun to invest in a four-day work week. Cohen isn't alone in forecasting a four-day work week. Jefferies thinks artificial intelligence will make workers more efficient and eventually lead to a four-day work week becoming the norm, according to a note from June 2023. Bank of America also expects the changing post-pandemic work landscape may result in a shorter work week. Opposition to change Opponents to a shorter work week, however, argue that such a change is both politically and economically unfeasible.

Persons: Steven Cohen, " Cohen, Cohen isn't, Jefferies, Henry Ford, Ford, Christian Magoon, Cohen, Magoon, It's, David Bahnsen, Bahnsen, I'm Organizations: New York Mets, CNBC, Bank of America, Economic, COVID, Cloud Technology ETF, IVES, Ionos, Broadcom, Cisco Systems, General Dynamics Locations: France, U.S, Nice

☆ India’s economy and elections: Is the hype around Narendra Modi’s vision justified?
▼ + stars: | 2024-04-16 | by ( Diksha Madhok | Rachel Wilson | ) edition.cnn.com time to read: +9 min

New Delhi/London CNN —In just a few days, India will commence the world’s largest democratic election. So, is the hype around Modi’s India, which remains a largely impoverished country, justified? The world’s largest biometric database has also helped the government save millions by reducing corruption in welfare initiatives. Domestic investors, both retail and institutional, have been driving India’s stock market to unprecedented peaks. Still, India’s economy, much like its democracy, is far from perfect.

Persons: Narendra Modi, Indranil Mukherjee, Modi, Himanshu Sharma, Guido Cozzi, Arun Sankar, Billionaire Elon Musk Organizations: London CNN —, Getty, CNN, World, University of St, Unified, Bank, ”, National Stock Exchange of India, bourse, Bombay Stock Exchange, NSE, Shenzhen Stock Exchange, Hong Kong Exchange, World Federation of Exchanges, Macquarie Capital, Apple, Foxconn, Billionaire, International Labour Organization Locations: New Delhi, London, India, China, Beijing, Ajmer, Rajasthan, University of St Gallen, Switzerland, Asia’s, Washington, Sriperumbudur, Chennai, Mumbai's Churchgate, AFP

☆ Moving Away From a Big City Can Seriously Damage Your Career
▼ + stars: | 2024-04-15 | by ( Aki Ito | ) www.businessinsider.com time to read: +8 min

Moving away from a major city, Moretti found, can be terrible for your career. The market for WFH jobs has cratered, putting everyone who moved away from big cities at risk. Those who moved away from big cities effectively gave up their career insurance. In a big city, you also run into people who work for other companies in your industry — on the bus, at the bar, in line at the deli. "The benefits of being a big city," Moretti tells me, "have been underappreciated" during the pandemic.

Persons: I've, —, We've, Enrico Moretti, Moretti, Des Moines, they'll, they're overqualified, That's, Madison Hoff, Aki Ito Organizations: Franciscan, Census, University of California, Business Locations: New York, Los Angeles, San Francisco, Seattle, America's, Berkeley, Paris, Des, Iowa, California, Sacramento, Bay

☆ Starting a side hustle meant I worked more hours, but it actually cured my burnout. I now do it full-time.
▼ + stars: | 2024-04-14 | by ( Tayla Blaire | ) www.businessinsider.com time to read: +5 min

I loved many aspects of my teaching job, but there were other things that made me feel burned out. When my husband was unemployed, I decided to start a side hustle freelance writing. I started freelance writing and had less free time than everA few years before the pandemic, I started freelance writing as a side hustle. I learned to interview and started writing for publications I'd grown up reading. There are plenty of suggestions out there for curing burnout — I'd never have guessed starting a side hustle was one of them.

Persons: —, it's, I'd, I've Organizations: Service

☆ It's been a year since I graduated from college, and I still live at home. My therapist says I have post-graduation depression.
▼ + stars: | 2024-04-13 | by ( Augustina Boateng | ) www.businessinsider.com time to read: +4 min

I remember the day I graduated from college like it was yesterday. After five years of intense studying, I was thrilled to be done with the college phase of my life. The graduation party with all my college friends was truly memorable. I was on the precipice of being able to live my life on my own terms — and I was truly optimistic about the future. My therapist gave me an interesting diagnosisAfter discussing these issues with my therapist, she told me I have post-graduation anxiety and depression.

Persons: I'm, haven't, I've Organizations: Service

☆ What the new Goldilocks job market means for you
▼ + stars: | 2024-04-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Business Insider looked at how components of the labor market have settled down, like wage growth. And that more boring but steady labor market could be great news for workers and job seekers. The US could be in a Goldilocks job market. Job switchers are seeing higher wage growth than people staying, according to the 12-month moving average of median wage growth from the Atlanta Fed's Wage Growth Tracker. So what will happen to the Goldilocks job market?

Persons: Nick Bunker, Bunker, —, That's, Julia Pollak, ZipRecruiter's, " Pollak, Pollak, Job, Julie Su, switchers, Eugenio Alemán, Raymond James, Juliana Kaplan Organizations: Service, North America, BLS Locations: Atlanta

☆ Middle class wiped out: Half of Myanmar’s people forced into poverty by civil war, UN report finds
▼ + stars: | 2024-04-12 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

CNN —Once considered among the most promising economies in Southeast Asia with a growing middle class, Myanmar is now suffering from soaring levels of poverty as a devastating civil war drives tens of millions further into destitution, according to a new United Nations report. Poverty has not only doubled but people are also more deeply poor, the report found. Wignaraja said Myanmar’s middle class is “literally disappearing.”“A 50% collapse of the middle class over two and a half years is quite astounding for this country, but for any country,” she said. The value of Myanmar’s local currency, the kyat, has plummeted, along with rising costs for food and other basic necessities. “We call on all stakeholders — inside and outside Myanmar — to take action and preserve vulnerable households from slipping into irreversible poverty and despair.”

Persons: Aung, Suu Kyi, ”, Kanni Wignaraja, Wignaraja, Achim Steiner Organizations: CNN, United Nations, UN Development Program, UNDP, Asian Development Bank, Bank, Asia Locations: Southeast Asia, Myanmar, destitution, Suu, Yangon, Mandalay

☆ Overlooked No More: Lizzie Magie, the Unknown Inventor Behind Monopoly
▼ + stars: | 2024-04-12 | by ( Gavin Edwards | ) www.nytimes.com time to read: +1 min

This article is part of Overlooked, a series of obituaries about remarkable people whose deaths, beginning in 1851, went unreported in The Times. In 1933, he copyrighted the game, Monopoly, as his own invention and began selling it in toy stores and department stores. It also made Darrow a millionaire. But credit for the idea behind it should not have been his. Rather, it belonged to a woman from Illinois with a versatile résumé that included writing, acting, engineering and working as a stenographer: Lizzie Magie.

Persons: Charles Darrow, Darrow, Lizzie Magie Organizations: Times Locations: Philadelphia, Illinois

☆ The Jamie Dimon manifesto
▼ + stars: | 2024-04-09 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

The 2023 shareholder letter from JPMorgan Chase CEO Jamie Dimon is chock full of policy ideas. Jamie Dimon, the billionaire CEO of JPMorgan Chase, outlined some of the biggest issues facing the company, the country, and the world in his 2023 annual shareholder letter. But he says that the US needs to flex its other muscles of power — economic policy, diplomacy, and intelligence — beyond military strength. Dimon points to the growth in wage inequality, saying that "wrong" policy falls disproportionately on the backs of lower-earning Americans. Dimon previously said that taxes on the wealthy could help offset the costs of bolstering the EITC.

Persons: Jamie Dimon, —, JPMorgan Chase, who's, Dimon, Oppenheimer, Donald Trump Organizations: JPMorgan Chase, Service, JPMorgan, US, Ukraine, Woods, Monetary Fund, American Locations: Ukraine, China

☆ Ecuadorians wanted an action man. President Noboa has fulfilled that role — embassy raid included
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: +7 min

The President of the Republic of Ecuador, Daniel Noboa, during the Spain-Ecuador business meeting at the headquarters of the CEOE, on 25 January, 2024 in Madrid, Spain. "President Noboa has given a strong message to the nation," said Carlos Galecio, a political communications consultant and coordinator of the communications program at Ecuador's Casa Grande University. "I am in favor of President Noboa's actions. "The priority is to clean, sanitize, continue with a process as important as President Noboa's to put the house in order." "The United States takes very seriously the obligation of host countries under international law to respect diplomatic missions," said Brian Nichols, assistant secretary of state for Western Hemisphere affairs.

Persons: Daniel Noboa, Daniel Noboa's, Ecuadorians, Noboa, Carlos Galecio, Rafael Correa, Nayib Bukele, Cedatos, Jorge Glas, Glas, Noboa's, Gabriela Sandoval, Roberto Aspiazu, Will Freeman, Freeman, Brian Nichols Organizations: Ecuadorian, Associated Press, Casa Grande University, Statistics, Police, Vienna Convention, America's Pacific Alliance, Foreign Relations, Mexico's, Jalisco New Generation, United, Western Hemisphere Locations: Republic of Ecuador, Spain, Ecuador, Madrid, Belgium, El Salvador, Quito, Vienna, Mexico, The Hague, Noboa, York, Latin America, Colombia, Peru, Mexico's Sinaloa, Jalisco, U.S, United States

☆ Every month, economists expect the labor market to slow. Will it ever?
▼ + stars: | 2024-04-09 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

New York CNN —Almost every month, economists expect the hot US labor market to start showing signs of exhaustion. The booming labor market has to run out of gas eventually, right? Enjoy it while it lastsHistorically speaking, there’s only so long a really good labor market can last until, for instance, a recession or tighter financial conditions disrupt it. Taken together, that could mean the life expectancy of the current labor market isn’t very long. One big reason why the labor market continues to defy expectations is the result of a surge in immigration over the past year.

Persons: February’s, Jefferies, Thomas Simons “, ” “, Simons, Will Baltrus, That’s, ” Dante DeAntonio Organizations: New, New York CNN, Conference, Labor, Bureau of Labor Statistics, Brookings, Moody’s Locations: New York

☆ My fiancé was laid off months ago, and he's in debt. I'm now overworking myself to make ends meet.
▼ + stars: | 2024-04-07 | by ( Kelsey Herbers | ) www.businessinsider.com time to read: +5 min

Instead, he was told he was being laid off, effective immediately, due to a restructuring. The effects of 'money trauma'I recently learned about a concept called "money trauma," which is a psychological response to a distressing experience that affects your personal finances, consequently transferring into your relationships and health. Advertisement"In your body and mind, it creates these fight-or-flight responses," Game told me. Advertisement"It impacts my confidence and the way I see myself compared to my peers," Collin told me. Each time we've dealt with a layoff, work has always been found again, and we truly believe this time won't be any different.

Persons: —, Collin, kickstarted, he's, we're, I've, Kelsey Herbers Organizations: Service, Business, Starbucks, Connect, LinkedIn Locations: Charleston , South Carolina

☆ China faces a reckoning as disillusioned Gen Z and millennial workers refuse to save for retirement: report
▼ + stars: | 2024-04-05 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

China's young people are abandoning retirement savings, The New York Times reported. The aging population and declining birthrate have intensified the pension crisis. A rapidly aging population, difficulties finding a job, and concerns about low pay are weighing on the minds of the country's young people. For some, that has led them to refuse to save for retirement entirely, according to an in-depth report in The New York Times. This story is available exclusively to Business Insider subscribers.

Persons: —, Tao Swift Organizations: New York Times, Service, The New York Times, Times, Business Locations: The, Chengdu

☆ China’s Young People Are Giving Up on Saving for Retirement
▼ + stars: | 2024-04-05 | by ( Alexandra Stevenson | Siyi Zhao | ) www.nytimes.com time to read: 1 min

China wants young people to put money away for retirement. Tao Swift, an unemployed 30-year-old, is not interested in hearing it. On social media forums and among friends, young people are questioning whether to save for old age. Over less than three decades, the country has changed from a young society to an aging one. Seven straight years of plummeting births are pushing up the day when there will be fewer people working than retirees.

Persons: Tao Swift, “, ”, Mr, Tao Locations: China, Chengdu

☆ What to expect from the March jobs report
▼ + stars: | 2024-04-04 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

ET, when the Bureau of Labor Statistics releases its March jobs report. February brought the unemployment rate within spitting distance of 4%, rising to 3.9% from 3.7% in January. What could come from Friday’s jobs reportFebruary’s jobs report came as yet another surprise to economists. For instance, last month January’s job gains were revised down to 229,000 from the blowout 353,000 that kicked off 2024. The unemployment rate went up by half a percentage point from the post-pandemic low of 3.4% last April.

Persons: lockdowns, it’s, Michael Strain, ’, February’s, Andy Challenger, ”, Allison Joyce, Aaron Sojourner, they’ve, Sojourner, Luke Sharrett Organizations: New, New York CNN, Bureau of Labor Statistics, American Enterprise Institute, BLS, Federal, US, Challenger, “, Department of Labor, Bloomberg, . Upjohn Institute, Employment Research, CNN, Federal Reserve, Getty Locations: New York, outplacement

☆ India stares at high youth unemployment as hiring in its behemoth IT sector slows
▼ + stars: | 2024-04-04 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

India is facing a youth unemployment problem as a decline in white-collar jobs in its information technology sector has left many fresh graduates and young people unemployed. In the October to December period last year, unemployment in India's youth aged 20 to 24 years rose to 44.49%, from 43.65% in the previous quarter. Unemployment among 25- to 29-year-olds rose to 14.33% during the same period from 13.35% in the prior quarter, according to the Centre for Monitoring Indian Economy. "One of the largest segments that employ white-collar employees is IT and services, and hiring in the sector has slowed down quite a bit," he told CNBC. Data from Foundit showed that online hiring for both IT hardware and software sections plummeted by 18% last year from 2022.

Persons: We've, Chandra Garisa, Foundit, Garisa Organizations: Centre, Monitoring, CNBC Locations: India

☆ Certain work shifts may harm your health later in life, study finds
▼ + stars: | 2024-04-03 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

More dire long-term consequences may also be at play, according to new research on the associations between work patterns in young adulthood and health outcomes later in life. Multiple studies have shown how irregular work hours can harm overall health and social life, but the new paper views the relationship through a “life-course” approach, observing how work patterns affect health throughout adulthood instead of one point in time. Despite the challenges of today’s work schedules, health experts say there are strategies people can use to mitigate the negative impacts. Additionally, still having some kind of routine or schedule around that shift can make it easier to fit in those health-promoting activities — especially sleep, Yao added. And past research has found that refraining from eating late at night counteracts the negative effects of shift work on health, he added.

Persons: ”, Wen, Han, ” Han, White, Xiaoxi Yao, wasn’t, Yao, ” Yao, “, Leana Wen, Wen wasn’t, Azizi Seixas, Christian Benedict, Han’s, ” Benedict, Benedict, ” Seixas Organizations: CNN, Silver School of Social, New York University, Longitudinal Survey, Mayo Clinic, “, George Washington University Milken Institute School of Public Health, Center, University of Miami Miller School of Medicine, Uppsala University Locations: midlife, Minnesota, Sweden

☆ Some people are being given thousands of dollars with no strings attached in universal basic income trials. They mostly spend the cash wisely.
▼ + stars: | 2024-04-03 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Interest in universal basic income has grown due to the pandemic, Elon Musk, Sam Altman, and economic pain. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementYet a common question and concern about UBI remains how people spend the money. Related storiesThe Guaranteed Income Pilots Dashboard , a joint project from the Stanford Basic Income Lab and the Center for Guaranteed Income Research, pulls together data from more than 30 pilot programs in the US involving nearly 8,300 participants. GiveDirectly, a nonprofit, is providing universal basic income to 20,000 people across 200-odd royal villages in Kenya over 12 years.

Persons: Elon Musk, Sam Altman, —, It's, Karl Widerquist, Fabian Wendt, Rebecca Hasdell, UpTogether, Monique Gonzalez, Stephanie Hendon, Widerqist, Matt Bruenig, Douglas MacKay, Chapel Hill, MacKay Organizations: Service, Georgetown University, Qatar, Stanford, Income, Center, Research, UNC, Chapel Locations: Virginia, Kenya, San Antonio , Texas

“There are,’’ the Bank of England warns, “more consequences from falling prices than meets the eye.’’What could be so bad about lower prices? It is only now emerging from decades of falling prices that began with the collapse of its property and financial markets in the early 1990s. Mainly because falling prices tend to discourage consumers from spending. Why buy now, after all, if you can purchase what you want — cars, furniture, appliances, vacations — at a lower price later? If consumers were to pull back, en masse, to await lower prices, businesses would face intense pressure to cut prices even more to try to jump-start sales.

Persons: they're, that's, what's, Joe Biden's, ’ ’ Lisa Cook, “, United States hasn’t, Tom Krisher Organizations: WASHINGTON, Federal Reserve's Board of Governors, Bank of England, United, España, Unemployed, Bank of Japan, Fed, Bank for International, AP Locations: America, United States, Japan, Spanish, Detroit

☆ America's 'deskless' hourly wage workers will reveal the most about how AI changes jobs
▼ + stars: | 2024-03-30 | by ( Rachel Curry | ) www.cnbc.com time to read: +7 min

In that majority lies a pressing question: How will the introduction of artificial intelligence impact hourly workers? 'Deskless workers' and technologyRegardless of the perspective, hourly workers and the people who manage them are actively seeking technology solutions to help streamline their workflow. For example, robotics-enabled sorting and small item picking is infiltrating the logistics industry, which is traditionally staffed by hourly workers on the warehouse floor. "This will be the decade of hourly workers that are focused on delivery of services that require human touch," she said. One thing that hourly workers, like all workers, aim for is a sense of meaning on the job.

Persons: Silvija Martincevic, Doug Hammond, Hammond, Martincevic, haven't, isn't, packer —, —, there's Organizations: Bureau of Labor Statistics, Industries, Randstad USA, Hardware, Bros, Organisation for Economic Co Locations: upskilling

☆ France Plans to Restrict Unemployment Benefits in New Reform Push, PM Says
▼ + stars: | 2024-03-27 | by ( March | At P.M. | ) www.usnews.com time to read: +1 min

PARIS (Reuters) - France is planning to toughen unemployment rules by restricting the period when jobless citizens receive welfare payments, Prime Minister Gabriel Attal said on Wednesday. Outlining the government's plans to further reform the job market, Attal told TF1 television: "One of the options is to reduce the duration of payments. An unemployed worker aged 53 or less currently receives up to 18 months of benefits plus six months if jobs are scarce. The duration extends to 22-1/2 months plus 7-1/2 months for workers aged 53-54, and 27 months plus nine months for those over the age of 55. Other than shortening the duration of welfare payments, Attal also said the government was considering toughening the requirements to be eligible for unemployment benefits.

Persons: Gabriel Attal, Attal, Emmanuel Macron's, Tassilo Hummel, Timothy Heritage Organizations: PARIS, TF1 Locations: France

☆ A millennial couple moved into a 97-square-foot micro-apartment in Paris. It's not their forever home, but they've made themselves comfortable.
▼ + stars: | 2024-03-26 | by ( Amanda Goh | ) www.businessinsider.com time to read: +6 min

Thomas Loncq and Himika Masago live in a 97-square-foot micro-apartment in Paris. I also wanted to find something in Paris, and that's how I ended up buying such a small place," Loncq told BI. Nestled under the roofs of Paris' apartment buildings, these micro-dwellings were originally meant to be the private quarters of domestic helpers. The toilet is shared with other occupants on the same floor, Loncq said. "I like to live here because since the space is small, sunlight comes into all parts of the room," Masago said.

Persons: —, Thomas Loncq, Himika Masago, Masago, Himika, Petit, Loncq, Petit Nuage, de, bonnes Organizations: Service, Business, Parisian Urban Planning Agency, futon Locations: Paris, Japan, France, —, Le

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