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☆ Millennials Won the Stock Market Boom, Proved They're Good Investors
▼ + stars: | 2024-02-14 | by ( Emily Stewart | ) www.businessinsider.com time to read: +4 min

It turns out the Robinhood crowd was onto something when they piled into the stock market during the pandemic. As of 2019, people under 40 held 4.9% of total US wealth even though they’re 37% of the population. People over 54, who make up a similar share of the population, held 71.6% of total wealth. Nearing the end of 2023, under-40s controlled 6.7% of total wealth, while those over 54 had 72.8%. Now, the challenge is to try to keep at it, get some more luck in the stock market and, God willing, their own homes.

Persons: —, Young, Millennials, Zers, they’re, “, Nick Colas, ”, Colas, Ernst & Young, It’s, millennials, Emily Stewart Organizations: Federal Reserve Bank of New, New York Fed, DataTrek, Ernst &, Bloomberg, Business Locations: Federal Reserve Bank of New York, America

☆ Forcing workers back to the office is 'dinosaur management' — and companies risk losing out, expert says
▼ + stars: | 2024-02-11 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

After the first rounds of return-to-office mandates in 2023, many companies are now introducing more punitive measures to make their employees come to the office — actively tracking attendance, micromanaging employees' time, and blocking remote workers from bonuses and career progression. AdvertisementThis week, Dell informed staff that most of its workers will have to come into the office an average of three days a week. Mike Blake/ReutersIn November, Amazon also added a no-promotions policy for perennial remote workers. For example, women — who tend to take on more responsibility for the family and therefore benefit more from flexible remote work policies — will take a bigger hit from punitive policies, Cooper said. The Equal Employment Opportunity Commission recorded a 16% increase in mental health disability complaints between 2021 and 2022 from employees who want remote work allowances, The Hill reported.

Persons: —, weren't, Dell, Andy Jassy, Mike Blake, Young, Cary Cooper, Cooper, Justin Garrison Organizations: Service, Forbes, Business, Citibank, BI, Amazon, Reuters, Google, Ernst, University of Manchester, Dell, Amazon Web Services, Tata Consultancy Services, Gallup, Employment, Commission Locations: London, United States

☆ Nikki Haley goes after Trump and Biden as ‘grumpy old men’ even as she courts older voters in South Carolina
▼ + stars: | 2024-02-06 | by ( Aaron Pellish | Kylie Atwood | ) edition.cnn.com time to read: +16 min

But the Haley campaign is also courting the support of South Carolina retirees, a growing portion of the Republican primary voter pool. She said on Twitter that this was her first Christmas card when she announced she would be running for the South Carolina state legislature. Nikki Haley/Twitter Haley celebrates with her family after being elected governor of South Carolina in November 2010. Chip Somodevilla/Getty Images Haley and her family walk back into the South Carolina State House after her inauguration in 2011. Demetrius Freeman/The Washington Post/Getty Images Haley visits a farm during a campaign stop in Grand Mound, Iowa, in September 2023.

Persons: Hilton, Nikki Haley, ” Haley, Donald Trump’s, Trump, Joe Biden, Haley, Maureen Bulger, intently, ” Bulger, “, ”, Biden, NBC’s, Ron DeSantis, Anna Memmo, it’s, ” Memmo, Ray Makalous, he’s, ” Makalous, Laura Holtzman, “ Trump, ” Holtzman, ” ‘, ’ Haley, aren’t, Larry Greenwold, ” Greenwold, Greenwold, he’d, Travis Dove, Michael, Nalin, Rena, Twitter Haley, Gerry Melendez, AP Haley, Chip Somodevilla, Tim Dominick, Getty Images Haley, Mitt Romney, Justin Sullivan, Alex Wong, Michael Haley, Rainier Ehrhardt, Jaswinder Singh, Narinder Nanu, Bobby Jindal, Jindal, Win McNamee, Sean Rayford, Saul Loeb, Mike Pence, Drew Angerer, State Rex Tillerson, Matthew Rycroft, Boris Johnson, Bryan R, Smith, Raad Adayleh, Brendan Smialowski, Spencer Platt, Evan Vucci, Kevin Lamarque, Don Bolduc, Brian Snyder, Jonathan Ernst, Jake Tapper, Will Lanzoni, Demetrius Freeman, Rachel Mummey, Jonathan Newton, Ed Spears, Spears, ” Spears, Carol Carty, ” Carty, “ It’s, that’s, “ I’ve, Trumper Organizations: , South Carolina CNN, South, Republican, Census Bureau, Biden, Hilton Head, New, Democratic, Republican Party, Trump, Florida Gov, Washington Post, Monmouth University, United Nations, CNN, State House, New York Times, Twitter, AP, Capitol, South Carolina State House, Getty Images, Conservative Political, Conference, Army National Guard, Getty, Louisiana Gov, National Governors Association, Emanuel African Methodist Episcopal Church, United Nations Security Council, UN, State, British, Norwegian Refugee Council, Gali Tibbon, UN Security, West Bank, The United States, Anadolu Agency, Republican National Convention Locations: , South Carolina, South Carolina, New Jersey, United States, New Hampshire, Trump, Iowa, Virginia, Hilton Head, Kansas, New York, CNN’s New Hampshire, Columbia , South Carolina, Afghanistan, Amritsar, India, AFP, Charleston , South Carolina, Columbia, State, Syrian, Jerusalem, Gali, Kuwait, Gaza, Londonderry , New Hampshire, Des Moines , Iowa, Grand Mound , Iowa, Miami

☆ These 20 GOP senators are already opposed to the bipartisan border security proposal — and more could soon join them
▼ + stars: | 2024-02-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Read previewNearly half of the Senate Republicans have announced that they will oppose a bipartisan agreement to toughen US immigration laws and enact new border security measures. John Thune of South Dakota and Joni Ernst of Iowa, both members of the Senate GOP leadership. Former President Donald Trump has forcefully come out against the agreement while also saying that changes to border policy "should not be tied to foreign aid in any way, shape, or form." Yet that's exactly what Republican senators insisted upon when President Joe Biden requested additional foreign aid from Congress in October. And while most of the GOP opposition stems from a desire for more stringent policies, some Republicans have suggested that they do not want to do anything that might help Biden politically.

Persons: —, John Thune of, Joni Ernst of Iowa, Mitch McConnell, Sen, James Lankford of, Democratic Sen, Chris Murphy, Independent Sen, Kyrsten, Israel —, Donald Trump, Joe Biden, Biden Organizations: Service, Republicans, GOP, Business, Democratic, Independent, Senate, Israel Locations: Sens, John Thune of South Dakota, James Lankford of Oklahoma, Connecticut, Arizona, Ukraine

☆ Ahead of Election, Pakistan Seals Plan to Sell National Airline
▼ + stars: | 2024-02-01 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +8 min

"Our job is 98% done," Privatisation Minister Fawad Hasan Fawad told Reuters when asked about the plan to sell the airline. Details of the privatisation process have not been previously reported. PIA had liabilities of 785 billion Pakistani rupees ($2.81 billion) and accumulated losses of 713 billion rupees as of June last year. Its CEO has said losses in 2023 were likely to be 112 billion rupees. PIA spokesman Abdullah Hafeez Khan said the airline was assisting the privatisation process, extending "full cooperation" to the transaction adviser.

Persons: Asif Shahzad, Fawad Hasan Fawad, Fawad, Ernst & Young, Shamshad Akhtar, Abdullah Hafeez Khan, Nawaz, Nawaz Sharif, Imran Khan, Sharif's, Ishaq Dar, EASA, Brendan Sobie, Gibran Peshimam, Raju Gopalakrishnan Organizations: Pakistan International Airlines, International Monetary Fund, PIA, IMF, Reuters, Caretaker, Ernst &, Ernst, FAST, Pakistan Muslim League, European Union Aviation Safety Agency, Heathrow, Manchester, Birmingham, Kuwaiti Locations: Asif Shahzad ISLAMABAD, Pakistan, Czech, Hungarian, Karachi, Europe, Kuala Lumpur, Toronto, Singapore, East, North America, Paris, New York

☆ 'The Davos underground': A final take on the secretive parties of the world's rich and powerful
▼ + stars: | 2024-01-31 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +23 min

"That's when you get the good s---," said a Davos attendee who is regularly selected to join the exclusive backroom of the Annual Davos Wine Forum Tasting. Zoom In Icon Arrows pointing outwards JPMorgan took over the Kirchner Museum for its annual drinks event. Zoom In Icon Arrows pointing outwards The attire of the Davos set is decidedly not chic. Zoom In Icon Arrows pointing outwards The color of your conference badge determined access to World Economic Forum events. Zoom In Icon Arrows pointing outwards Skiing and snowboarding post panels and broadcasting was another favorite pastime of some Davos goers.

Persons: bankrolled, Vladimir Putin's, Putin, George Soros, Bill Browder, Anthony Scaramucci, Anthony, Scaramucci, queued, Latour, Donald Trump, —, Mark Milley, Matt Damon, Richard Branson, Andrea Bocelli, Chris Coons, Paul Ryan, bartenders, Champagne Perrier, Chateau Latour, L'Eglise, Burgundy Olivier Bernstein Bonnes, Domaine Comte Georges de Vogue, Tenuta, Casanova di Neri, Stephen King, Browder, Doug Emhoff, Gary Cohn, Ian Bremmer, Sir Martin Sorrell, Sting, Bill Gates, Sam Altman, Marc Benioff, Ray Dalio, Emhoff, Ernst Ludwig Kirchner, Brian Moynihan, IBM's Gary Cohn, Jack Hidary, Sir Richard Moore, Barry Colson, Davos goer, Moritz, Eve, CNBCers, Emmanuel Macron, John Kerry, Joe Short, roundtables, Wyclef Jean, Diane von Fürstenberg, George Osborne, David Rhodes, Osborne, Politico's Suzanne Lynch, Princess Beatrice, David Blaine, Milley —, Tij, CNBC Tij Organizations: Economic, CNBC, Congress Center, Russian, Russian Direct Investment Fund, Moonshot Investor Network, Putin, Hermitage Capital, SkyBridge, White House Communications, Chiefs, Bordeaux Smith Haut, Platz, Politico, IBM, AB InBev, White, Trump, Eurasia Group, Capital, Microsoft, Wall Street, Billionaire Microsoft, Light, Infosys, Bloomberg House, JPMorgan, Kirchner Museum, Financial, Hotel, CNBC CNBC, Bank of America, New, Davos, U.S . Climate, Accenture, Golf Club Davos, Palantir, Chancellor, Sky News's, Sting, Workers, Swiss Army, Army, Gliding Locations: Davos, Switzerland, Soviet, Ukraine, Moscow, Hungarian, Hermitage, Providence, Europe, Davos's, Bordeaux, Bordeaux Smith Haut Lafitte, Bello, Santa Cruz, Napa Valley Tuscany, Schatzalp, Scalettastrasse, Emirates, Halifax, Canada, Salt Lake City, U.S, Palantir, Swiss

☆ Younger workers are actually using AI on the job less than Gen X and millennials
▼ + stars: | 2024-01-27 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Digital natives like Gen Z may appear to be more open to using AI than older workers. Gen Xers and millennials employed in the US were found to use ChatGPT at work more than Gen Zers. Surprisingly, the consulting giant found that older American workers appear to be more open to using AI than their younger counterparts. For some Gen Zers, using AI has helped in their jobs. While some studies find that generative AI has saved hours of work, others suggest that using ChatGPT can make workers perform worse.

Persons: Young, Xers, millennials, Zers, —, Ernst & Young, Gen, they've, Marcie Merriman, Merriman, Gen Zers —, doesn't, Z, Dan Diasio, Morgan Young Organizations: Ernst, Service Locations: Americas

But with regard to endorsements, Haley hasn’t necessarily benefited from the Trump holdouts, notably because they haven’t gone as far as to endorse her for the nomination. So while the holdouts might bother him on a personal level, they likely don’t have much influence over the Republican nomination in 2024. Senate Minority Leader Mitch McConnellMcConnell has said he has “essentially stayed out” of the GOP nomination process. 2 Republican, had endorsed Scott as a candidate for the GOP nomination. He’s in a commanding position, and I’ve said all along I’ll support the nominee,” Thune said about Trump on Wednesday.

Persons: Donald Trump, Nikki Haley, Haley, she’s, ” Haley, ”, Trump, Nikki ‘ Birdbrain ’ Haley, ” Trump, MAGA, Haley hasn’t, Chris Sununu, –, Ron DeSantis, Sen, Tim Scott of, Marco Rubio, Sarah Huckabee Sanders, Josh Hawley, Ted Cruz, Lindsey Graham of, John Barasso of, John Cornyn of, Deb Fischer, Nebraska, Mitch McConnell McConnell, McConnell, Mitt Romney, Utah Romney, Romney, hasn’t, Joe Biden, West Virginia Democratic Sen, Joe Manchin, Susan Collins of Maine Collins, Collins, John Thune of, Scott, Thune, “ I’m, I’ve, ” Thune, I’ll, Schumer, ” Sen, Joni Ernst, Iowa Ernst, Ernst Organizations: Republican, South Carolina Gov, Trump, Iowa, Donald Trump View, Republican Party, True American Patriots, New Hampshire Gov, Florida Gov, GOP, Capitol, West Virginia Democratic, John Thune of South Dakota Thune, Senate, Biden Locations: New Hampshire, “, South Carolina, Florida, Tim Scott of South Carolina, Marco Rubio of Florida , Arkansas, Josh Hawley of Missouri, Ted Cruz of Texas, Sen, Lindsey Graham of South Carolina, John Barasso of Wyoming, John Cornyn of Texas, Utah, John Thune of South Dakota, South Dakota, Iowa

☆ Rampant Extortion Reveals 'Corrosive' Hole in Mexico Security Strategy
▼ + stars: | 2024-01-25 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +4 min

"Burgeoning extortion has not grabbed the headlines, but it's been the all-the-more corrosive fallout of a security strategy that never merited the label," said Falko Ernst, a senior analyst at the International Crisis Group. Lopez Obrador denies his strategy has fed impunity, but said after the villagers' bloody takedown of extortionists in Texcapilla, some 75 miles (120 km) southwest of Mexico City, that Mexico must fight the problem. Security frequently tops polls of voters' chief concerns ahead of the June 2 presidential election to succeed Lopez Obrador, who under Mexican law cannot run again. Sheinbaum has defended the administration, while also pledging "zero impunity" and highlighting her own record on security in Mexico City, where murders fell far more sharply. A recent study by a Mexican Senate think tank said Mexico suffers some 13,000 acts of extortion daily.

Persons: Dave Graham MEXICO, Andres Manuel Lopez Obrador, Lopez, it's, Falko Ernst, Lopez Obrador, abrazos, Lopez Obrador's, Mexico City Mayor Claudia Sheinbaum, Sheinbaum, Ernst, Mexico's, extortioners, Carlos Heredia, Dave Graham, Lizbeth Diaz, Alistair Bell Organizations: Dave Graham MEXICO CITY, Crisis, Mexico City Mayor, Army Locations: Texcapilla, Mexico City, Mexico, Mexican

☆ CNBC Daily Open: U.S. economy's state of play
▼ + stars: | 2024-01-25 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Jonathan Ernst | ReutersWhat you need to know todayThe bottom lineAll eyes will be on the state of the U.S. economy as the first official reading of fourth-quarter GDP data drops Thursday morning. "Data released [Thursday] may in retrospect turn out to document the one quarter of true 'Goldilocks' conditions," Citi economist Andrew Hollenhorst wrote. Since 2016, a slew of government data was published the day before the GDP report — namely, information on business inventories and trade, which are part of the GDP calculation.

Persons: Joe Biden, Jonathan Ernst, Andrew Hollenhorst, Ian Shepherdson, Shepherdson, —, Jeff Cox Organizations: CNBC, Flex, Reuters, Citi, Pantheon Locations: U.S, West Columbia, South Carolina

☆ These 20 GOP senators still haven't endorsed Trump — and some of them probably never will
▼ + stars: | 2024-01-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Yet in the Senate, long a bastion of Republican resistance (or at least hesitancy) to Trump, there are still a number of holdouts. As of January 24, there are still 20 Republican senators — out of 49 total — who have not endorsed Trump's 2024 bid. AdvertisementSome of those senators can be expected to get behind Trump when his nomination becomes official, or at least uncontested. Four current GOP senators — Bill Cassidy of Louisiana, Susan Collins of Maine, Lisa Murkowski of Alaska, and Mitt Romney of Utah — voted to convict Trump for incitement of an insurrection following January 6. AdvertisementYet GOP lawmakers have faced pressure, both from Trump and their voters, to fall in line.

Persons: —, Donald Trump's, Nikki Haley, Haley, Ralph Norman of, Trump's, Trump, Mitch McConnell, Bill Cassidy of, Susan Collins of, Lisa Murkowski, Mitt Romney, Utah —, it's, Sen, Todd Young, Young, JD Vance, Ohio, I've, haven't, John Boozman, Arkansas Shelly Moore Capito, West Virginia Bill Cassidy, Louisiana Susan Collins, Maine Joni Ernst, Chuck Grassley, Iowa Ron Johnson, Wisconsin John Kennedy of, Wisconsin John Kennedy of Louisiana James Lankford of, Wisconsin John Kennedy of Louisiana James Lankford of Oklahoma Mitch McConnell, Jerry Moran, Kansas Lisa Murkowski, Alaska Rand Paul of Kentucky Pete Ricketts, Nebraska Mitt Romney, Utah Mike Rounds, South Dakota Dan Sullivan, Alaska John Thune of, Alaska John Thune of South Dakota Thom Tillis, North Carolina Todd Young Organizations: Service, Republican, Business, Trump, Republicans, Senate, Todd Young of Indiana, New, Nebraska, South Dakota, Alaska John Thune of South Dakota, North Carolina Locations: Iowa, New Hampshire, Ralph Norman of South Carolina, Bill Cassidy of Louisiana, Susan Collins of Maine, Alaska, Utah, Arkansas, West, Louisiana, Wisconsin, Wisconsin John Kennedy of Louisiana, Wisconsin John Kennedy of Louisiana James Lankford of Oklahoma, Alaska John Thune of South, Indiana

☆ Nikki Haley wants a two-person race. New Hampshire’s independents just might give her one
▼ + stars: | 2024-01-21 | by ( Arit John | Jeff Zeleny | ) edition.cnn.com time to read: +16 min

Chip Somodevilla/Getty Images Haley and her family walk back into the South Carolina State House after her inauguration in 2011. Tim Dominick/The State/MCT via Getty Images Haley campaigns for presidential candidate Mitt Romney in 2012. Justin Sullivan/Getty Images Haley waves to the crowd during the Conservative Political Action Conference in 2013. Alex Wong/Getty Images Haley hugs her husband after his Army National Guard unit returned in 2013. Demetrius Freeman/The Washington Post/Getty Images Haley visits a farm during a campaign stop in Grand Mound, Iowa, in September 2023.

Persons: Hollis, Hollis , New Hampshire CNN — Danielle Brown, John McCain, Barack Obama, Nikki Haley, ” Brown, Haley, “ Haley, Chris Sununu, Trump, Trump . Sen, Tim Scott of, ”, ” Haley, Sununu, “ Nikki Haley, ” Trump, Greg Moore, Charles Koch, Moore, “, ” Moore, Susan Rice, Trump . Rice, “ I’m, ” Rice, ” Michael Lewis, Donald Trump, ” Lewis, “ There’s, “ MAGA, GOP Sen, J.D, Vance of, Sylvia, ” Bill Jackson, “ She’s, She’s, we’ve, they’re, Trump –, Biden, Joe Biden, Ron DeSantis, Travis Dove, Michael, Nalin, Rena, Twitter Haley, Gerry Melendez, AP Haley, Chip Somodevilla, Tim Dominick, Getty Images Haley, Mitt Romney, Justin Sullivan, Alex Wong, Michael Haley, Rainier Ehrhardt, Jaswinder Singh, Narinder Nanu, Bobby Jindal, Jindal, Win McNamee, Sean Rayford, Saul Loeb, Mike Pence, Drew Angerer, State Rex Tillerson, Matthew Rycroft, Boris Johnson, Bryan R, Smith, Raad Adayleh, Brendan Smialowski, Spencer Platt, Evan Vucci, Kevin Lamarque, Don Bolduc, Brian Snyder, Jonathan Ernst, Jake Tapper, Will Lanzoni, Demetrius Freeman, Rachel Mummey, Jonathan Newton, Nikki Haley Prev, CNN’s KFile, “ You’re, Nancy Protzmann, ” Protzmann, –, don’t, Ebony Davis, Ali Main Organizations: Hollis , New Hampshire CNN, New Hampshire Republican, Democratic, South Carolina Gov, Trump, Hampshire GOP, Republican Party coalesces, Trump ., Republicans, Republican, AFP, White House, Republican Party, Hollis, NATO, Republican National, Convention, Fox News, GOP, Vance of Ohio, “ Republican, Marist, Biden, Florida Gov, State House, New York Times, Twitter, South, AP, Capitol, South Carolina State House, Getty Images, Conservative Political, Conference, Army National Guard, Getty, Louisiana Gov, National Governors Association, Emanuel African Methodist Episcopal Church, United Nations, United Nations Security Council, UN, State, British, Norwegian Refugee Council, Gali Tibbon, UN Security, West Bank, The United States, Anadolu Agency, Republican National Convention, CNN, Washington Post, Social Security, Social Locations: Hollis , New Hampshire, Granite, New Hampshire, Haley’s, Hampshire, South Carolina, Trump, Tim Scott of South Carolina, Concord, Washington, Newfields, Hampton, Manchester, Portsmouth, Rochester, Maine, Kingston, Nashua, she’s, Iowa, Columbia , South Carolina, Afghanistan, Amritsar, India, AFP, Charleston , South Carolina, Columbia, State, New York, Syrian, United States, Jerusalem, Gali, Kuwait, Gaza, Londonderry , New Hampshire, Des Moines , Iowa, Grand Mound , Iowa, Miami, Hollis

☆ Senators Seek Answers From Pentagon on Troops’ Blast Exposure
▼ + stars: | 2024-01-19 | by ( Dave Philipps | ) www.nytimes.com time to read: +1 min

A bipartisan group of senators is demanding to know what steps the military is taking to protect troops from brain injuries caused by the blasts from firing their own weapons. The senators — Elizabeth Warren, Democrat of Massachusetts; Joni Ernst, Republican of Iowa; and Thom Tillis, Republican of North Carolina — made the demand in a detailed letter sent on Thursday to Defense Secretary Lloyd J. Austin III. It was incited by recent research by the Defense Department and reporting by The New York Times showing that repeated blast exposure from weapons like artillery and rocket launchers can cause lasting and profound brain damage, but that the military often fails to protect troops, or even recognize the risks, from the blasts. “Our service members have been suffering the health consequences of blast overexposure for far too long, and they’re still not seeing real action to limit and track these risks,” Ms. Warren said in a statement.

Persons: Elizabeth Warren, Joni Ernst, Thom Tillis, North Carolina —, Lloyd J, Austin III, they’re, Ms, Warren Organizations: Republican, Defense Department, The New York Times Locations: Massachusetts, Iowa, North Carolina

☆ Losing Navy SEALs at sea during operations is extremely rare. It's only happened a handful of times.
▼ + stars: | 2024-01-19 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

Two Navy SEALs went missing overboard during an operation in the Red Sea last week, per CENTCOM. Losing Navy SEALs at sea during overseas operations is extremely rare, experts said. AdvertisementTwo US Navy SEALs are feared dead after going missing during a nighttime raid off the coast of Somalia more than a week ago. Such an accident is extremely rare, a military analyst and three retired Navy officers said. AdvertisementOver the years, the US Navy has experienced several incidents of SEALs lost at sea during overseas operations.

Persons: —, Joe Buccino, you've, They're, Bradley Martin, Matthew John Leathers, Buccino, Jack Keller, Michael Ernst, Robert Ramirez III, Rick Kaiser, Sam Tangredi, Tangredi Organizations: Navy, Losing Navy, Service, US Navy, US Central Command, Associated Press, Business, National Navy SEAL Museum, Daily Democrat, Navy SEAL Foundation, Navy SEAL, USNI, Navy Times Locations: Red, Somalia, Yemen, Grenada, Caribbean, Panama, Hawaii, Virginia, Marana , Arizona, California

☆ Record thunderstorm losses and deadly earthquakes cost $250 billion in damages in 2023, report says
▼ + stars: | 2024-01-09 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Destructive thunderstorms in North America and Europe and a series of devastating earthquakes last year cost the world around $250 billion in damages, according to a new report from the world's largest reinsurance company. In Europe, thunderstorm losses amounted to $10 billion, of which $8 billion was insured. It said such high thunderstorm losses were unprecedented for the U.S. and Europe. Munich Re said that while the economic and insured losses from 2023 may not appear extraordinary, it marks another year of "extremely high" damages even without any so-called mega-disasters in industrialized countries. In 2022, for example, Hurricane Ian was found to have resulted in overall economic losses of a whopping $100 billion and insured losses of $60 billion.

Persons: Hurricane Ian, Ernst Rauch, Rauch Organizations: Munich Re, U.S, CNBC, videoconference Locations: North America, Europe, Munich

REUTERS/Jonathan Ernst//File Photo Acquire Licensing RightsLITTLETON, Colorado, Dec 5 (Reuters) - U.S. electricity generation from wind power is on course to surpass coal-fired electricity generation, potentially by 2026, as wind supply growth expands at a record pace just as coal-fired generation is cut across the country. U.S. wind power generation on track to surpass coal-fired generationBut with wind power generation rapidly rising in most regions while utilities steadily cut coal capacity, wind output is on track to eventually overtake coal output within the U.S. electricity generation mix, which will mark a significant milestone in U.S. energy transition efforts. In 2015 - before U.S. power producers accelerated renewable power development - coal-fired electricity generation was nearly 700% greater than electricity output from U.S. wind farms. PEAKS AND TROUGHSU.S. wind generation already briefly surpassed total coal-fired power output in April this year, when wind electricity generation totalled 42.85 terawatt hours compared to the 39.8 TWh generated by coal plants, according to Ember. That means that within the current decade U.S. wind power will be able to surpass coal-fired power in the electricity generation mix, and help accomplish a major U.S. energy transition target.

Persons: Jonathan Ernst, Gavin Maguire, Stephen Coates Organizations: REUTERS, Institute for Energy Economics, U.S, P Global, Reuters, Thomson Locations: Iowa, Latimer , Iowa, U.S, LITTLETON , Colorado, United States

☆ Senator Tuberville lifts blockade on some US military promotions
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

Senator Tommy Tuberville (R-AL) speaks with reporters on the way to the Senate floor for a procedural vote regarding top military appointees at the U.S. Capitol in Washington, U.S., September 20, 2023. Senator Tommy Tuberville, who has blocked hundreds of military promotions for months to protest the Pentagon's payment of abortion-related travel costs, said on Tuesday he would lift his hold on some of them. Tuberville's actions have affected some 400 officers and their families, as well as lower-level officers in the military. Democrats have said Tuberville should show his objection on a policy matter by targeting Biden nominees involved with policy. Reporting by Jasper Ward and Susan Heavey; writing by Costas Pitas; editing by Rami AyyubOur Standards: The Thomson Reuters Trust Principles.

Persons: Tommy Tuberville, Jonathan Ernst, I've, Republican Tuberville, Biden, Jasper Ward, Susan Heavey, Costas Pitas, Rami Ayyub Organizations: U.S, Capitol, REUTERS, Rights, Republican U.S, Pentagon, Republican, Thomson Locations: Washington , U.S, Alabama

☆ Republicans prepared to block Ukraine-Israel aid package if border policy changes not included
▼ + stars: | 2023-12-04 | by ( Lauren Fox | Ted | ) edition.cnn.com time to read: +5 min

Schumer would need nine Republicans to overcome a procedural hurdle, something that many Republicans signaled Monday they wouldn’t help Democrats do. “It may require a failed cloture vote on the supplemental before Sen. Schumer realizes we are serious,” Sen. John Cornyn, a Texas Republican, told reporters. She added she too would vote against advancing the supplemental package if “we don’t have substantial changes” to border policy. But Thune complained Monday the White House “hasn’t gotten the sufficient level of seriousness yet” about the border crisis. Murphy warned US allies should “be very worried about what Republicans are doing.”“Listen, I have all sorts of domestic priorities I care about.

Persons: Ukraine –, John Thune, “, It’s, ”, Sen, James Lankford of, Mitch McConnell, Chuck Schumer, Schumer, ” Sen, John Cornyn, ” West Virginia GOP Sen, Shelley Moore Capito, “ I’m, ” Lankford, Iowa Sen, Joni Ernst, Chuck Grassley, ” Grassley, Mike Johnson, Johnson, Joe Biden, Thune, hasn’t, we’re, Democratic Sen, Chris Murphy, Murphy, ” Murphy, CNN’s Sam Fossum Organizations: Republican, ”, Republicans, Texas Republican, ” West, ” West Virginia GOP, GOP, White, Democratic, Ukraine, Democrats Locations: Ukraine, James Lankford of Oklahoma, Washington, Israel, Texas, ”, ” West Virginia, Iowa, Connecticut

☆ I got a tech job and quadrupled my salary to $400,000 after leaving law. You don't need a traditional tech background to succeed in the industry.
▼ + stars: | 2023-12-04 | by ( Ellen Nguyen | ) www.businessinsider.com time to read: +7 min

She started her career as a lawyer and pivoted to real estate and recruiting before data privacy. AdvertisementThis as-told-to essay is based on a conversation with Jonea Gordon, a 35-year-old year data privacy program manager based in Philadelphia. Transitioning from law to data privacy and income growth from $90,000 to over $400,000 in five years marks my journey in this field. But this move was strategic because I discovered the lucrative potential of data privacy in tech, which far exceeded my initial expectations. Advice for othersMy advice for those new to tech, particularly in data privacy, is to start in consulting.

Persons: Jonea Gordon, —, I'd, could've, Ernst, Young —, I've Organizations: Cruise, Service, Meta, Google, Twitter, Boston Consulting Group, Big, Deloitte, PricewaterhouseCoopers, KPMG Locations: Philadelphia

☆ Pennsylvania, Arizona, and Texas are major beneficiaries of US aid to Ukraine, report says
▼ + stars: | 2023-12-03 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

The Biden Administration has circulated a map showing the states that have benefited from Ukraine aid. President Biden hopes to convince Congress to continue sending aid to Ukraine to help combat Russia's invasion. Three out of eight Republican members of Congress from Pennsylvania, three out of six from Arizona, and 18 out of 25 from Texas have been voting against sending aid to Ukraine, Reuters reported. Speaker of the House Mike Johnson has recently become a surprise advocate for increasing aid to Ukraine, The Wall Street Journal reported. AdvertisementDespite previously voting against sending more aid to combat Russian President Vladimir Putin's invading forces, Johnson has used his position as speaker to publicly label Ukraine aid a key priority.

Persons: Biden, —, Biden's, Joe Biden, JONATHAN ERNST, Getty, Mike Johnson, Vladimir Putin's, Johnson, Vladimir Putin Organizations: Biden Administration, Service, Capitol, Republicans, Reuters, Reuters . Pennsylvania, Street Journal, Congress, America, America . Patriot, Artillery, US Department of Defense, DoD Locations: Ukraine, Pennsylvania, Arizona, Texas, Israel, Gaza, Russia, Reuters ., Europe, America, Pennsylvania , Ohio , Texas

☆ Ron DeSantis is running the Iowa playbook — and hoping that’s what still counts
▼ + stars: | 2023-12-02 | by ( Alec Hernández | Bianca Seward | ) www.cnbc.com time to read: +8 min

Ron DeSantis' campaign is announcing the completion of a longtime campaign pledge Saturday: touring all of Iowa's 99 counties, a milestone for a campaign that has devoted significant resources to the first-in-the-nation contest. On paper, DeSantis has made significant strides in running a traditionally successful Iowa campaign, racking up influential endorsements and dedicating significant time, personnel and financial resources to the state. And while the DeSantis campaign, with significant super PAC help, has stayed focused on Iowa, it remains unclear just what the traditional Iowa playbook counts for in this unusual modern campaign against Trump. "Winning an Iowa caucus requires a strong combination of outworking and out-organizing the competition and that's been the Ron DeSantis model. Inside the sprint to the caucusesStill, the DeSantis playbook in Iowa hardly stops at the "Full Grassley."

Persons: Ron DeSantis, Scott Olson, Sen, Chuck Grassley, Donald Trump, Nikki Haley, DeSantis, haven't, Biden, Sparks, Newsom, Trump, Former Pennsylvania Sen, Rick Santorum, Texas Sen, Ted Cruz, Mike Huckabee, Santorum, Michele Bachmann, Ryan Binkley, Red Oak, Iowa Sen, Joni Ernst, —, Grassley, Andrew Romeo, that's, Kim Reynolds, Bob Vander Plaats, Reynolds, Vander, Iowans, Haley, Joe Biden, She's, Olivia Perez, David Hansen, Hansen, Tim Scott Organizations: Florida, Machine, Getty, Florida Gov, United Nations, Iowa, NBC, White, Trump, Presidential, Former Pennsylvania, Republican, NBC News, Des Moines Register, Prosperity, Waterloo Locations: Davenport , Iowa, Newton , Iowa, Florida, Arizona, Iowa, Former, Texas, Iowa's, Wright, Des Moines, Red, New Hampshire, Iowa , New Hampshire, South Carolina, Ron DeSantis ' Iowa, Midwest, Plainfield

☆ Benko's complex web at Signa - from Chrysler building to Berlin landmark
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +6 min

SIGNA PRIME/PROPERTY PORTFOLIOAccording to Signa, Prime is the group's largest company in its real estate division, valued at around 20.4 billion euros ($22.23 billion). Since 2019 Signa Holding has also been a co-owner of New York's iconic Chrysler Building. TRADING/RETAIL COMPANIESBenko has bundled his trading interests under the divisions Signa Retail and Signa Premium. In Switzerland, Benko's trading investments are bundled into Signa Retail Selection AG, which filed for bankruptcy protection on Wednesday. In 2018, Signa Holding bought around 24% stake in Austrian daily newspapers "Krone" and "Kurier" from Funke media group.

Persons: Lisi Niesner, Rene Benko, Ernst Tanner, Hans Peter Haselsteiner, Torsten Toeller, Arthur Eugster, SIGNA, Signa, Otto Wagner, Benko's, Klaus, Michael Kuehne, Kuehne, Hamburg's, Chirathivat, Benko, Frasers, Kaufhof, Karstadt, Galeria, Alexandra Schwarz, Goerlich, Mattias Inverardi, Victoria Farr, Emma, Rachel More, Elisa Martinuzzi, Tomasz Janowski Organizations: Signa, REUTERS, Chrysler, Bank Austria, Femina, Chrysler Building, . Central Group, Globus, Selfridges, Central Group, Funke, Thomson Locations: Berlin, Germany, New, Britain's Selfridges, Innsbruck, Swiss, Vienna, Hamburg, KaDeWe, Oberpollinger, Munich, Vienna's, Tyrol, Essen, Duesseldorf, London, Switzerland

☆ EY CEO discusses the energy transition
▼ + stars: | 2023-12-01 | 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 EmailEY CEO discusses the energy transitionCarmine Di Sibio, Ernst and Young CEO, speaks to CNBC's Steve Sedgwick at COP28 in the United Arab Emirates.

Persons: Carmine Di Sibio, Ernst, Young, Steve Sedgwick Organizations: United Locations: COP28, United Arab Emirates

☆ Georgia Republicans advance new US House map that maintains their edge
▼ + stars: | 2023-12-01 | by ( Joseph Ax | ) www.reuters.com time to read: +2 min

A general view of the Atlanta skyline includes the Georgia Capitol dome and a "Vote" sign atop the 100 Peachtree building, days ahead of nationally significant U.S. Senate and state governor elections in Atlanta, Georgia, U.S. November 6, 2022. In his Oct. 26 opinion, U.S. District Judge Steve Jones said that Georgia could not remedy the problem "by eliminating minority opportunity districts elsewhere." The new map would likely allow Republicans to maintain their current 9-5 advantage among the state's 14 U.S. House districts. In a statement, the Republican speaker of the state House, Jon Burns, said the new map "fully complies with the judge's order." McBath's campaign manager, Jake Orvis, said in a statement, "Georgia Republicans have yet again attempted to subvert voters by changing the rules."

Persons: Jonathan Ernst, Lucy McBath, Steve Jones, Brian Kemp, Jon Burns, Jake Orvis, Joseph Ax, Will Dunham Organizations: Georgia Capitol, Senate, REUTERS, Georgia Republicans, . House, voters, Republican, Democratic U.S, District, Legislators, McBath, Thomson Locations: Atlanta, Georgia, Peachtree, Atlanta , Georgia, U.S, Black, United States, Georgia's, New York

☆ I'm an American mom of 3 living in India. My kids learn multiple languages, and their schools focus more on STEM subjects.
▼ + stars: | 2023-12-01 | by ( Katherine Ernst Mehta | ) www.businessinsider.com time to read: +5 min

AdvertisementMy foray into the Indian school system began with education — not my children's, but my own. We now have three sons, aged 10, 8, and 4, who are enrolled in an Indian school. My experience living in the megacity of New Delhi and navigating the school system here vastly differs from what I grew up with. My kids are learning several languagesMost Indian schools adopt a bilingual approach to education. While navigating the Indian education system — and the education system in any country, for that matter — has its own set of challenges, our family has embraced this adventure.

Persons: —, Eid Organizations: Service, Independence Locations: Ohio, New Delhi, There's, India

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