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Similar to Maureen, she's concerned about financial security for older Americans — but she will be supporting Vice President Kamala Harris. "He says that he's going to keep Social Security, but you never know with him," Klein told BI of Trump. CRP research suggests that's due to fewer older adults working traditional jobs and instead pursuing entrepreneurship to supplement their retirement incomes. AdvertisementJR Reed and Krista Geer, both in charge of county-wide aging agencies, have met with older adults in Pennsylvania to hear their top worries. Critics say it isn't tied to a measure that accurately reflects the spending of older Americans.
Persons: Harris, Trump, , Maureen, Donald Trump, he'll, she's, Heck, Federal Reserve —, Marjorie Klein, Kamala Harris, Klein, Bill Johnston, Walsh, Benjamin Glasner, haven't, Glasner, Mike Crossey, Crossey, Richard Fiesta, Fiesta, Kyle Kopko, Kopko, Bill Candelori, It's, Candelori, Josh Shapiro —, Democrat —, Jason Kavulich, it's, I've, JR Reed, Krista Geer, Geer, Reed, Brian Hughes, JD Vance, Kavulich Organizations: Pennsylvania, BI, Social Security, Service, Republicans, Biden, Trump, Federal Reserve, AARP, Cambria —, Economic Innovation Group, Security, Alliance, Retired, Center for, Democrat, Pennsylvania's, JR Locations: Pennsylvania, Philadelphia, AARP Pennsylvania, — Fayette, Cambria, Pittsburgh, Center for Rural Pennsylvania
Here’s what you need to know:Which states have voting leave laws? Among states with voting leave laws, they most typically require employers to allow either one, two or three hours off. Most of the states requiring employers to permit voting leave also require that this time be paid. For instance, the leave laws in New York and California require you to give at least two days’ notice. Even if you live in a state without a voting leave law, your company may voluntarily permit time during working hours to vote.
Persons: Fisher Phillips, ” Fisher, Phillips, Jeanette Senecal, ” Senecal Organizations: CNN, District, Columbia, National Conference of State Legislatures, District of Columbia, Virgin, Oklahoma, League of Women Voters Locations: North Dakota, Alabama, Alaska , Arizona , Arkansas , California , Colorado , Georgia , Illinois , Iowa , Kansas , Kentucky, Maryland , Massachusetts, Minnesota , Missouri , Nebraska , Nevada , New Mexico , New York , Ohio , Oklahoma, South Dakota , Tennessee , Texas , Utah, West Virginia , Wisconsin, Wyoming, Justia, But Kentucky, New York, Arkansas, Georgia , Massachusetts, In Wisconsin, California, Oklahoma, Massachusetts, District of Columbia , Puerto Rico, Virgin Islands, Guam, Georgia, Washington, DC, Kentucky, Vote411
JPMorgan is ramping up its hiring of investment-banking analysts and associates, BI has learned. The fourth quarter is usually a slow period of hiring for investment banks. JPMorgan Chase is in the midst of an off-cycle hiring spree for junior investment bankers, according to people familiar with the bank's recruitment efforts and its online jobs board. AdvertisementAs Business Insider previously reported, JPMorgan recently said it would cap junior bankers' weekly work hours to 80 per week, with key exceptions. It also created a new HR role specifically to oversee the "well-being" of junior bankers.
Persons: , JPMorgan Chase, headhunter, Wall, Banks, there's, Jamie Dimon, wasn't Organizations: JPMorgan, Service, IPOs, Bank of America, WSJ
For some employers, these might seem like red flags — and I didn't get any of those jobs. But on my journey as a candidate, I've noticed some questionable behavior on the part of my prospective employers as well. Here are some of the red flags I've seen in job interviews and what career experts advise doing should these kinds of interactions happen to you. One company cancelled an interview—and later ghosted meOne job interview process presented several eyebrow-raising moments. Another company cut the role as we were interviewingAnother employer changed course during the interview process.
Persons: I've, might've, Stacie Haller, I'd, Amanda Augustine, Augustine
Walmart stock has soared 58% this year to record highs, making its founding family richer than ever. Retail legend Sam Walton's three surviving children are each worth more than $100 billion. Walmart and the Waltons have benefited from a signature strategy and cost pressures on consumers. The stock surge has added more than $32 billion to the fortunes of each of founder Sam Walton's three surviving children — Jim, Rob, and Alice. But it's true the vast majority of the family fortune remains in the hands of Sam Walton's children.
Persons: Sam Walton's, , they're, Jim, Rob, Alice, Elon Musk, David King, who've, King, Art Weinstein, Florida who's, Weinstein, Sam Walton shrewdly, . King, Jeff Bezos, Mark Zuckerberg, Sam Walton, John T, Lukas Walton, it's Organizations: Walmart, Waltons, Service, Bloomberg, Elon, Sam's, Management, Florida State University, Logistics, Procter, Nova Southeastern University, Tech, Tesla, SpaceX, Amazon Locations: Florida
Mesh networks consist of devices that connect to each other rather than to a single router. A mesh network is a private wireless broadband network in which devices, or connection points, link to one another in a weblike structure. Mesh networks also offer significantly more safety and security, whether from a malicious attack or other breach. We're also moving toward more autonomy and artificial-intelligence-driven decision-making, applications, and technologies; mesh networks are built for that. If you drop a mesh network into an environment with poor LAN architecture and configuration, it will become apparent pretty quickly.
Persons: , Steven Griggs, Todd Rigby, Griggs, Rigby, Erica Sweeney, We're, Sweeney Organizations: Rajant Corporation, Service, LTE
Accel labels these companies "founder factories," on the basis that they have become breeding grounds for talent that often go on to establish their own firms. However, most of the biggest fintech founder factories come from Europe. Asked about why Klarna topped the ranking of fintech founder factories in Europe, Bocchio said: "Klarna is an organization that is coming of age now." Nearly two-thirds (61%) of companies founded by former employees of fintech unicorns were founded in the same city as the unicorn, according to Accel. This, he said, "speaks to the maturity and appetite" of individuals within Europe's fintech founder factories.
Persons: Block's, Nikolas Kokovlis, Luca Bocchio, Sebastian Siemiatkowski, Siemiatkowski, Klarna, Accel's Bocchio, Bocchio Organizations: Nurphoto, Getty, Accel, Klarna, CNBC, London Locations: Europe, London, Berlin, Stockholm, Israel, Europe's
Companies like Aetna or AARP/UnitedHealthcare are merging their coverage plans, while previous insurers like Mutual of Omaha are leaving the market. AdvertisementWhile beneficiaries with Part A and B Medicare could see premium adjustments, most major changes will occur for people with supplemental Part D and Medicare Advantage plans. Healthpilot found that 10% of Medicare Advantage plans will be at the maximum deductible — up from 5% last year. Most Medicare Advantage beneficiaries will still have prescription drug coverage in the new year, but they may face higher out-of-pocket costs. Baby boomers are already struggling with healthcare costsThese changing Medicare costs come as many low-income baby boomers are struggling to keep up with medical bills.
Persons: , Elizabeth Ayoola, Ayoola, Healthpilot, boomers, Lisa Callejas, Callejas, Betty, Betty —, Betty isn't Organizations: Medicare, Social Security, Service, Insurance, Companies, Aetna, AARP, BI, Healthpilot, Business, Security, Social Locations: Omaha, Mexico, Illinois
Ever since 2022, when inflation hit a 40-year high of 9%, Americans have been pissed off about the economy. Traditionally, economists (being economists) have focused on the economic costs of inflation — i.e., are price increases wiping out everyone's annual raise? In a normal economy, the small raises companies give are enough to offset the minimal inflation we typically see. In a survey of 3,000 workers, researchers found that most — a whopping 79% — just accepted the salary they were offered. AdvertisementBut now, poring over the new study, I realize I overlooked the role inflation has played in reshaping the pandemic-era workplace.
Persons: Donald Trump, didn't, , I've, Will, we're, Aki Ito Organizations: Pew Research Center, National Bureau of Economic Research, Business Locations: American
She says that sometimes using AI to complete an application isn't a big deal. Since joining Applied in 2018, I've reviewed thousands of applicants' skill-based test answers, and I've noticed multiple subtleties that indicate AI was used. Beyond that, using AI can also strip an application of personality and diminish an applicant's ability to set themself apart among potentially thousands of other applicants. They may not mind the use of AI, or they might discard an applicant entirely if there is even suspicion that AI was used. AI isn't going anywhere, so use it to your advantageI believe that AI will continue to be used in applications.
Persons: Khyati Sundaram, Sundaram, , It's, I've, we've, We've, résumés, who've, Tess Martinelli Organizations: Service Locations: London, tmartinelli
Amazon Web Services CEO Matt Garman defended the company's return-to-office mandate for January. AdvertisementAmazon Web Services CEO Matt Garman reiterated on Monday night why the recently announced return-to-office mandate is right for the company. Amazon CEO Andy Jassy announced last month that most corporate employees would be required to return to the office five days a week starting in January. When BI reached out about Garman's comments last week, an Amazon spokesperson declined to comment but pointed to Jassy's RTO announcement in September. BI's Ashley Stewart viewed internal messages after the policy was announced, showing that some Amazon employees were unhappy with the change.
Persons: Matt Garman, Garman, , Andy Jassy, BI's Ashley Stewart Organizations: Amazon Web, Service, Web, Amazon, Business, BI
Take advantage of financial counseling resources offered by your employerIf even thinking about your finances gives you anxiety, you're not alone. While hiring a qualified financial professional is a great move to make, you may have access to one through your job for free. Ask your employer's human resources department if they offer an Employee Assistance Program. EAPs are free programs companies offer that provide confidential assessments, referrals and counseling to employees. In addition to assistance with personal and work-related issues, EAPs may offer financial planning or counseling services free of charge.
Persons: Michael Woodhead Organizations: Attridge Consulting, EAP, Burr Consulting, Employees Locations: Minneapolis, New York
It was the latest in a long tradition of presidential candidates invoking the fast-food chain. On Sunday, former President Trump reportedly served fries and handed them out at the drive-thru window of McDonald's in Feasterville, Pennsylvania, for about 15 minutes. Visitors to the drive-thru had to be screened by the Secret Service and didn't get to choose what Trump handed them, the Post reported. AdvertisementIn response, Harris' campaign has confirmed her early job at McDonald's — and questioned Trump's familiarity with the middle class. Candidates like Harris and business leaders like Jeff Bezos have often mentioned their work at McDonald's as a formative experience.
Persons: Donald Trump, McDonald's, , Donald Trump's, Trump, Mitt Romney, Bill Clinton's, didn't, Kamala Harris, Harris, Ian Sams, Jeff Bezos, Paul Ryan, Mitt Romney's, Ryan, Derek Giacomantonio Organizations: Service, Washington Post . Visitors, Secret, Trump, Hobart, SEC Locations: Pennsylvania, Arkansas, Feasterville , Pennsylvania, McDonald's, America
Employers might not ask if you have a degree, but many still care, a labor market expert told BI. AdvertisementDeming said many employers look upon a worker with a four-year degree as an investment — one that can be molded into what the firm wants. "What people are looking for, because it's the easiest and laziest filter, is a four-year degree from a 'good school,'" he said. "He's been the finalist for five different positions where they said, 'You're actually the best candidate we interviewed, but we require a four-year degree,'" Hyams said. Often, that might mean a four-year degree.
Persons: , Ranji McMillan, that's, McMillan, She's, what's, McMillan David Deming, Deming, Mona Mourshed, Mourshed, Chris Hyams, Hyams, He's, Forsa, Gartner, Jon Lester, Lester, they've Organizations: Service, Ranji, McMillan, Harvard's Kennedy School, Glass, Harvard Business School, Census, McKinsey & Company, Boston Consulting Group, Employers, Workers, US Department of, Georgetown University Center, Education, Savvas Learning Company, IBM, BI, Research, McKinsey Locations: Northridge, Los Angeles, America
It can help to cast a wide net when you're applying for jobs. Experts say you can simultaneously apply to multiple jobs at one company, within reason — if your skills genuinely align with them. AdvertisementWhen you're searching for a job, it's a given that you're applying to multiple positions. AdvertisementHowever, it's important to understand how you might be viewed when you throw your hat in for multiple roles at a company at the same time. As with any job application, you want to "emphasize your genuine fit and enthusiasm" for the position, Pong said.
Persons: , it's, Cynthia Pong, Farah Sharghi, Sharghi, Gabby Davis, Davis, I've, I'm, Pong Organizations: Service
Donald Trump visited a McDonald's in a key Pennsylvania county on Sunday. Kamala Harris said she once worked at a McDonald's, which is a key part of her biography. For weeks, Trump has attempted to sow doubt — without providing evidence — that Vice President Kamala Harris ever worked at McDonald's, which has become a key part of her biography. Trump senior advisor Jason Miller also cast doubt on Harris' McDonald's employment on Saturday, telling reporters that Trump was going to the restaurant "so that one candidate in this race could have actually worked at McDonald's." Related stories"When Trump feels desperate, all he knows how to do is lie," Harris campaign spokesman Ian Sams told The New York Times.
Persons: Donald Trump, Kamala Harris, Trump, Harris, , Jason Miller, Trump needled Harris, Kamala, Ian Sams, Joe Biden, Biden, Trump's, Derek Giacomantonio, McDonald's —, Mac Organizations: Service, Philadelphia International Airport, Howard University, San Francisco Bay Area, Trump, New York Times, Democratic, Business, Clemson University, White Locations: Pennsylvania, McDonald's, Feasterville, Trevose , Pennsylvania, Alameda , California, San Francisco Bay, Detroit, Chicago, Burger
“Losing the workers would devastate our companies, our industry and our economy.”‘The math is just not there’There is evidence that foreign-born construction workers help keep the housing market in check. “Immigrant construction workers in Sun Belt metros like Raleigh, Nashville, Houston, and San Antonio have helped these cities sustain their housing cost advantage over coastal cities despite rapid growth in housing demand,” the authors wrote. Undocumented workers would likely flee ahead of any national deportation effort, Hetrick said, even though many have been in the U.S. for well over a decade. Past as prologueLast year, the state’s Republican governor, Ron DeSantis, enacted a series of restrictions and penalties to deter the employment of undocumented workers. Many immigrant workers hastily left the state even before the policies took effect, with social media videos showing some construction sites sitting empty.
Persons: Trump, You’d, couldn’t, Stan Marek, Marek, “ You’d, ” Bryan Dunn, , , Trump’s, ” Taylor Rogers, Karoline Leavitt, ” Tobin, Jim Tobin, ” Marek, George W, Bob Croslin, Ron Hetrick, Hetrick, Ron DeSantis, Luciano, Taylor, Rick Roth, weren’t, Dunn, ” Dunn, he’s “, Kamala Harris, ” Taylor Organizations: Republican, Trump, Companies, Big, Republican National, National Association of Home Builders, Bush Institute and Southern Methodist University, U.S, Sun, NBC, Workers, NBC News Republican Locations: Texas, an, Arizona, Southwest, Greenland, Aurora , Colorado, U.S, Raleigh, Nashville, Houston, San Antonio, Tampa, Fla, Florida, Mexico, South Florida, Tempe, “ Arizona
He chose a work-life balance over salary but his goal of starting a family was still out of reach. It took him 11 years and multiple strategic career moves, but he finally achieved the work-life balance he'd always wanted. AdvertisementAfter PwC, he took a position with Walmart's eCommerce division, which offered greater work-life balance but a major salary reduction. Still, Manalac felt his decision was well worth it because of the drastic improvements in work-life balance. If you work in Big Tech or finance and would like to share your work-life balance story, email Tess Martinelli at tmartinelli@businessinsider.com
Persons: Mike Manalac, Manalac, , He's, he'd, PwC, Walmart's, San, It's, Tess Martinelli Organizations: Service, Google, Walmart, Business, Baltimore —, Bay, Big Tech Locations: Area, Chicago, Baltimore, San Francisco, Silicon Valley, Bay, Nob, Michigan, Maryland, Big, tmartinelli
Workers value remote work as much as a 7% to 8% pay increase, a new survey finds. Teleworking has increased, even as firms try to pull their workers back into the office. The push and pull between workers, their employers, and the office has been a years-long battle in the wake of the pandemic. And a new survey update shows how much remote workers value the ability to work from home — and what it may cost for firms to lure them back in. Remote jobs are becoming scarcer, and that's even led some workers to cling to roles they might not otherwise enjoy.
Persons: , Nicholas Bloom, Bloom Organizations: Service, Stanford University, Labor Statistics
VCs are lobbing cash at the presidential election and key congressional races, FEC data shows. This election cycle, investors at the top venture capital firms have plowed tens of millions of dollars into the election, both backing their favored political candidates and just cannily promoting commercial interests. (The filing deadline for Q3 data for quarterly filing entities was October 15, but this data isn't yet readily available in full online.) Business Insider selected 10 venture capital firms to focus on, taking into account fund size and cultural and industry significance. Sequoia Capital's Doug Leone is one of VC's most prolific GOP-aligned political donors, giving his almost $3.8 million to the National Republican Committee and other causes.
Persons: Reid Hoffman, Kamala Harris, , hasn't, Andreessen Horowitz, blockchain, Marc Andreessen, Ben Horowitz, a16z, Horowitz, Andreessen, Harris, megadonor Reid Hoffman, Keith Rabois, Kleiner Perkins, Michael Moritz, Shaun Maguire, Joe Manchin, Hoffman, Horowitz Hoffman, Joe Biden, Biden, Nikki Haley, Trump, Vinod Khosla, John Doerr, Doug Leone, Elon Musk, Melia Russell, Rob Price Organizations: Service, Federal, Commission, Yuga Labs, White, Republicans, Founders Fund, SpaceX, Khosla Ventures, Sequoia Capital, Sequoia Heritage, Business, Republican, Lincoln, Democratic, Democratic Party, Democratic Congressional, Sequoia, National Republican, Future Forward PAC, America PAC, Elon, Investors, splashy Hamptons, Harris Victory Fund, Harris Action Fund, Democratic National Committee Locations: Solana, Sequoia, West Virginia, New Hampshire
"It would be detrimental to the construction industry and our labor supply and exacerbate our housing affordability problems," said Jim Tobin, CEO of the National Association of Home Builders. Brent Taylor President of Taylor Construction Group, Tampa, Fla.Nearly 11 million undocumented immigrants were living in the U.S. as of 2022, the latest federal data shows, down from an 11.8 million peak in 2007. The labor pool is tight already, with the U.S. construction industry still looking to fill 370,000 open positions, according to federal data. 'The math is just not there'There is evidence that foreign-born construction workers help keep the housing market in check. Undocumented workers would likely flee ahead of any national deportation effort, Hetrick said, even though many have been in the U.S. for well over a decade.
Persons: Mike Blake, Donald Trump's, Jim Tobin, Brent Taylor, Taylor, couldn’t, Stan Marek, Marek, Tobin, George W, Ron Hetrick, Hetrick Organizations: Reuters, National Association of Home Builders, Taylor Construction Group, Pew Research Center, NBC News . Industry, Sun, Companies, Bush Institute and Southern Methodist University, U.S Locations: Menifee , California, Tampa, Fla, U.S, Florida, Texas, Raleigh, Nashville, Houston, San Antonio
AdvertisementWhen Morgan earned her bachelor's degree in 2018, she graduated with over $20,000 in student loan debt that she hoped to pay off by 2032. Morgan now expects to fully pay off her remaining $16,000 student debt balance by 2028 — four years earlier than planned. Morgan estimates that receiving student debt relief will allow her to pay off her loans four years ahead of schedule. MorganGlobalFoundries is betting that student debt relief will help it attract prospective employees and retain current workers. The company's student debt relief program is just another way it's trying to attract workers.
Persons: Chipmaker GlobalFoundries, , Morgan, she's, they've, GlobalFoundries, it's, Morgan GlobalFoundries, Joe Biden, Raman, Biden, we've, Stephanie, It's Organizations: Service, Business, Semiconductor Industry Association, Oxford Economics, Nvidia, Bright, GlobalFoundries Locations: York, Malta, New York, Austin
But although the Italian government’s digital nomad visa launched in April 2024, so far there have been few accounts of people securing one. Italy’s digital nomad visa scheme was first announced in 2022 and launched in April 2024. Apart from anything else, she had a full-time job in San Francisco at the time. Although the website warned of a minimum four-month wait time, she saw an available slot at the San Francisco consulate for 10 days later. Despite her travails to get the visa, Waite says it was worth it.
Persons: we’ll, Stanley Tucci, It’s, Chelsea Waite, , Tuscany Chelsea Waite Waite, Waite, Bel, , I’d, Galleria Vittorio Emanuele II, Giuliano Benzin, , it’d, ” Waite, Lisa Mei, she’d, ‘ We’ll, Waite – —, ” Chelsea Waite, Milan –, Milan, I’ve, She’s, she’s “, Simona Sirio, — Waite, don’t Organizations: CNN, intel, Getty, San, Milan Cathedral, Duomo, London, Milan, , Dante Locations: Italy, Italian, lunchbreak, California, San Francisco, Milan, Tuscany, Florence, United States, Galleria Vittorio, Lake Como, London, Como, Greece, Lombardy
"Since 2014, 12 states have passed minimum wage increases through ballot measures," Martinez Hickey told CNBC. Meanwhile, voters in Arizona will decide on a ballot measure that would lower the minimum wage for tipped workers. Here's what's at stake for workers who make the minimum wage, and the employers who pay them, in next month's election. 1 would raise the minimum wage to $13 in 2025, and to $14 in 2026. Question 5 in Massachusetts would slowly phase out its tipped minimum wage of $6.75 per hour, until it eventually matches the state's standard minimum wage by 2029.
Persons: Lucy Nicholson, Sebastian Martinez Hickey, Martinez Hickey, Here's, erick Pasquier, Joelle, Hall, Kati Capozzi, Capozzi, Richard von Glahn Organizations: California Labor, Reuters, Economic, Institute, CNBC, Alaska AFL, Alaska Chamber, Healthy Families, San Francisco, LAO, Massachusetts Institute of Technology Locations: Alaska , Missouri, California, Arizona, Alaska, United States, Bering Sea, Missouri, North America, U.S, Massachusetts Institute of Technology . Massachusetts, Massachusetts
The healthcare market looks nearly ready for the next wave of IPOs. But the next wave of public healthcare companies looks to be on the horizon. At least two healthcare companies are considering public-market debuts in the not-so-distant future. SVB SecuritiesI spoke with him about what the next wave of healthcare IPOs could bring — and which healthcare startups are in the best position to test the public markets. What models do you expect the healthcare market to favor in this next round of IPOs?
Persons: Jon Swope, , It's, Health confidentially, haven't, there's, Waystar, healthtech Organizations: Barclays, Service, Health, healthtech, SVB Securities, Accolade, Healthcare, Walmart, Big Tech Locations: IPOs, healthtech, Waystar
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