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Growth stocks have often been investor darlings — the S & P 500 is driven by stocks in sectors like tech. Value stocks are less popular. But many growth stocks are also becoming expensive, prompting some investors to turn to value stocks. Goldman Sachs also recently highlighted value stocks that stand out for their cheap valuations compared with earnings growth prospects. Those interested in value stocks can consider the following from CNBC Pro's screen of the Vanguard Value ETF.
Persons: darlings, Brian Szytel, Szytel, Goldman Sachs, Baker Hughes, Properties Organizations: Group, CNBC, Vanguard, AES Corporation, Halliburton Company, AES, Royalty Pharma
Many growth stocks are becoming expensive, prompting some investors to turn to value stocks. "The S&P 500 at 5,075 with expected earnings growth of 10% for 2024 gives us $243 a share and puts us at 21X earnings - its pricey, plain, and simple," said Brian Szytel, senior managing director of The Bahnsen Group, in late February. The S&P 500 closed around 5,078 on Tuesday. "I would however, own parts of the market shift to more value-oriented names and believe that rotation that started in 2022 from growth to value will resume. Those interested in value stocks can consider the following from CNBC Pro's screen of the Vanguard Value ETF.
Persons: Brian Szytel, Weizhen Tan Organizations: CNBC, Vanguard
United Airlines will pause pilot hiring this spring because of Boeing delivery delays, the latest effect of the plane maker's problems on one of its biggest customers. New hire classes will be paused in May and June and will likely resume in July, Marc Champion, vice president of flight operations, and Kirk Limacher, vice president of flight ops planning and development, told staff Thursday in a memo, which was seen by CNBC. "We wanted to let you know that United will slow the pace of pilot hires this year due to continued new aircraft certification and manufacturing delays at Boeing," they wrote. Bolts appeared to be missing on the plane when it left Boeing's factory, a preliminary investigation found. United's CEO, Scott Kirby, in January said the carrier is making a fleet plan without the Max 10.
Persons: Marc Champion, Kirk Limacher, Boeing Max, Bolts, Max, Scott Kirby, Limacher Organizations: Boeing, CNBC, Alaska Airlines, Federal Aviation Administration
The deadly strike marks a significant escalation of the Houthi attacks on ships in the Red Sea and and comes despite a US-led naval coalition to protect the crucial waterway. Fewer ships appear to be transiting through the Red Sea and adjoining Suez Canal after the latest attack, according to maritime risks analytics company Windward. According to Windward, the number of bulk carriers anchoring outside ports to the north and south of the Suez Canal surged 225% Wednesday compared with the previous day. Windward data shows that last month the number of bulk carriers in the Red Sea was already at its lowest level in two years. Just 30% of the usual shipping capacity — including container ships, bulk carriers, car carriers, and tankers carrying oil and liquefied natural gas — is still passing through the Red Sea and Suez Canal, according to Sand.
Persons: Ami Daniel, , Peter Sand, , Hapag Lloyd —, Christine Lagarde, CMA CGM, Stephen Cotton, Cotton, David Ashmore, Reed Smith, John Stawpert, ” Maisie Linford Organizations: London CNN, Liberian, ” Windward, CNN, Maersk, MSC, European Central Bank, Drewry, CMA, International Transport Workers ’ Federation, International Chamber of Shipping Locations: Red Sea, Iran, Suez, Africa, Windward, Red, Norway, Sand, , London, Good, Gulf, Aden and Red, Aden
Key Takeaways From Super Tuesday
  + stars: | 2024-03-06 | by ( Susan Milligan | March | At A.M. | ) www.usnews.com   time to read: +3 min
Super Tuesday confirmed what Americans already knew: Barring a dramatic event, it's a two-person race now, with a November rematch between President Joe Biden and former President Donald Trump. Here are some takeaways:Both Trump and Biden Lost Support to Protest Voters. In Minnesota, the "uncommitted" got 19% of the vote, attributed to unhappiness over Biden's policy toward the Gaza war. Trump, meanwhile, lost Vermont to the now-departed-from-the-race Nikki Haley and lost sizable chunks of the GOP primary electorate to the former South Carolina governor. Democratic Rep. Adam Schiff had two Democratic colleagues, Rep. Katie Porter and Rep. Barbara Lee, vying with him for the top two lines.
Persons: it's, Joe Biden, Donald Trump, Trump, Biden, Nikki Haley, Haley, Adam Schiff, Katie Porter, Barbara Lee, Schiff, Steve Garvey, Garvey, , Jason Palmer –, Palmer, pollsters Organizations: Biden, Democratic National Convention, GOP, South, Democrat, Democratic, Republican, Major League Baseball, Trump Locations: Minnesota, Gaza, Vermont, South Carolina, Oklahoma, Alaska , Alabama, California, Samoa, U.S, American Samoa, Baltimore, South
The 40-year-old multihyphenate has been nominated for four Academy Awards, once for directing "Lady Bird" and three times for her writing. "I got rejected from every graduate school I applied to," she once said in an appearance on the "Employee of the Month" podcast. The challenge of breaking into the industry also had another side effect: for years, Gerwig was hesitant to negotiate her salary. In a 2020 interview with CNBC Make It, she said she worried about asking "for too much." Regardless of whether she takes home a statuette for "Barbie", Gerwig isn't facing much rejection these days.
Persons: Greta Gerwig, Barbie, Frances Ha, Joe Swanberg's, Hanna, Gerwig, didn't Organizations: Yale, Juilliard, NYU, CNBC, Netflix Locations: Hollywood
Connor had prior work experience in India, the UK, and Hong Kong, and she decided to try to find work in her new home country, too. It took her over a year and a meeting with a professional resume consultant to land a job in Melbourne. The 2009 resume Connor used to apply to jobs in Australia Baishakhi ConnorResume mistakes Connor madeRoughly 15 years later, Connor reexamined her resume and said she would do several things differently. Here's what she would change:Add a summary: "This was a missing summary or a profile," Connor said of her resume. In retrospect, she would write "Career Highlights" instead of "Work Experience," because in Australia, "work experience" is something school students do for free to understand the industry, Connor said.
Persons: , Baishakhi Connor, Connor, didn't, Australia Baishakhi Connor, Connor reexamined Organizations: Service, Business, Indian Institute of Management Locations: Australia, India, Hong Kong, Melbourne
LAS VEGAS (AP) — A visit from a rare, fine-feathered tourist has interrupted one of Las Vegas’ prominent shows. Initially, the Bellagio's fountain shows were paused while officials figured out how to proceed, an MGM Resorts International spokesperson told the Las Vegas Review-Journal. Wildlife officials determined that the bird wasn't bothered and the show was cleared Tuesday to resume, but a spokesperson later said the shows would remain on hold. The Associated Press sent an email Wednesday seeking updated information from an MGM spokesperson, including when the shows might resume. The bird likely sought shelter from a storm, Nielsen said, noting that it isn’t uncommon for migratory birds to visit the valley.
Persons: birders, Doug Nielsen, Nielsen, We’re, Gee, I’m Organizations: LAS VEGAS, Bellagio, Vegas, National Park Service, MGM Resorts International, Las Vegas, . Wildlife, Associated Press, MGM, Nevada Department of Wildlife’s Locations: Las Vegas, U.S, Nevada
MONTGOMERY, Ala. (AP) — Alabama lawmakers facing public pressure to restart in vitro fertilization services in the state advanced legislation to shield providers from the fallout of a court ruling that equated frozen embryos to children. Committees in the state Senate and House on Tuesday approved identical bills that would protect providers from lawsuits and criminal prosecution for the “damage or death of an embryo” during IVF services. The state's three major IVF providers paused services after the Alabama Supreme Court's ruling last month because of the sweeping liability concerns it raised. The court decision received immediate backlash as groups across the country raised concerns about a ruling recognizing embryos as children. The American Society for Reproductive Medicine, a group representing IVF providers across the country, said the legislation does not go far enough.
Persons: Court's, Kay Ivey, , Terri Collins, Beth, Joshua Davis, Dillard, “ We’ve, ” Beth Davis, , ” Beth David, Michael C, “ There's, ” Allemand, Sean Tipton, Roe, Wade, Collins, doesn't Organizations: , House, Alabama, Gov, Alabama Fertility, American Society for Reproductive, , Democrats, Republicans, State Republicans Locations: MONTGOMERY, Ala, — Alabama, Alabama, New York, Louisiana
North Carolina Sets Up Combative Race for Governor
  + stars: | 2024-03-05 | by ( Susan Milligan | March | At P.M. | ) www.usnews.com   time to read: +3 min
North Carolina voters Tuesday set up a historic – and likely combative and extremely expensive – race for governor, nominating Democrat Josh Stein and Republican Mark Robinson for what is shaping up as the most closely watched gubernatorial race of the year. With 8% of ballots counted, Stein had won 72% of the Democratic primary vote, while Robinson captured 63% of the Republican primary vote. North Carolina is a nominally red state that is nonetheless politically competitive. Robinson has called public school teachers "wicked people" and has referred to survivors of school shootings as "prosti-tots." Robinson, Cooper says, is very much like Trump, who recently called Robinson "Martin Luther King on steroids."
Persons: Josh Stein, Republican Mark Robinson, General Stein, Robinson, Stein, Joe Biden, Donald Trump, Trump, Biden, Ashley Judd, Judd, Oscar, It's, Christopher Cooper, Cooper, Martin Luther King Organizations: North, North Carolina voters, Republican, Associated Press, Democratic, GOP, Trump, CIA, Facebook, Haire Institute for Public, Institute, Western Carolina University Locations: North Carolina, Carolina, Georgia, China
A power outage has reportedly halted production at Tesla's German factory. Suspected arson on an electricity pylon caused the outage, police told Business Insider. AdvertisementTesla reportedly halted production and evacuated its gigafactory near Berlin on Tuesday following a power outage in the area. Tesla told the newspaper it did not expect to resume production quickly following a consultation with energy provider E.DIS. Tesla told the publication at the time that it would now "seek dialogue with all participants to decide on further steps."
Persons: , Tesla, Berlin Organizations: German, Business, Service, Police, Employees, Guardian Locations: Berlin, Brandenburg, Grünheide, Müggelheim, Neukölln, Europe
Alabama lawmakers are moving fast to approve measures this week to protect in vitro fertilization clinics from lawsuits in response to an uproar sparked by last month's state Supreme Court ruling that found frozen embryos have the rights of children under the state’s wrongful death law. Either of the two bills would give legal protection for fertility clinics, at least three of which paused IVF treatments after the court ruling to assess their new liability risks. Here are things to know about the bills and the process of turning one of them into law. One lawmaker wanted to amend the House bill to prohibit clinics from intentionally discarding embryos, but that was rejected. Lawmakers are expected to give final approval to one — or maybe both — on Wednesday and send legislation to Gov.
Persons: Kay Ivey, WHAT'S, , ” It's, Roe, Wade, Donald Trump, Nathaniel Ledbetter, Alabama's, “ Alabamians, Ivey Organizations: Gov, Republican, American Society for Reproductive, Alabama, Supreme, Republicans, White Locations: Alabama, U.S
The rise of the job-search bots
  + stars: | 2024-03-05 | by ( Aki Ito | ) www.businessinsider.com   time to read: +18 min
Unlike the other bots, which ingested job openings into their own sites, LazyApply submitted applications via external job boards. AdvertisementUnlike the other bots, LazyApply did all the applying in real time, right in front of my eyes. Hugo Herrera for BISo far, though, it looks like the arrival of job bots is only making the problem worse. But the job bots at LazyApply and other services never get tired. Still, I came away from my time among the job-search bots feeling the way I do about much of AI.
Persons: they're, hadn't, Sonara, Hugo Herrera, LazyApply, American Aki, Aki Ito, Carlson, Boston Globe —, CareerBuilder, Tony Riggins, I've, Teal, Marc Cenedella, Cenedella, John Henry, , didn't, it's, Bob, you'd, Emily Lamia, Lamia, she's, underpaid Organizations: BI, AK, Boston Globe, Employers, Bloomberg, The Boston Globe, Facebook, YouTube, Business Locations: America, American, That's
Ken Griffin gave $50 million to the Sylvester Comprehensive Cancer Center, part of the University of Miami's medical school, to help advance cancer research, according to a press release. AdvertisementA rendering of the Kenneth C. Griffin Cancer Research Building. Since moving to Miami, Griffin has been making his mark on the Sunshine State, including a slew of charitable gifts and big real-estate purchases. The new building, to be named the Kenneth C. Griffin Cancer Research Building, is set to be one of the largest stand-alone buildings for cancer research in Florida, the University of Miami's press release said. AdvertisementThe Sylvester Comprehensive Cancer Center in Miami University of Miami"The Ken Griffin name has become synonymous with philanthropic leadership that drives value in the communities in which he operates," Stuart A. Miller, the board chair of the University of Miami Health System, said.
Persons: , Ken Griffin, Griffin, I'm, Kenneth C, He's, It's, Stuart, Miller Organizations: Service, Citadel, Cancer Center, University of, Business, Harvard, Faculty of Arts and Sciences, Harvard Crimson, Griffin Cancer Research, University of Miami, Miami —, Sunshine, Citadel Securities, Forbes, University of Miami's, Miami University of Miami, University of Miami Health Locations: Florida, Chicago, Miami, New York
10 Tesla engineers broke down the process and gave tips for getting a job at Musk's company. But engineers at Tesla say it's no small feat to land a role at Elon Musk's most well-known company. Business Insider spoke with 10 current Tesla engineers about what it takes to work at the company. Advertisement"Sometimes it really is who you know at Tesla," said one engineer who has worked at the company for six years. AdvertisementSome Tesla engineers said they spent over 40 hours preparing for the presentation over the course of several weeks.
Persons: Tesla, Elon Musk, , Elon Musk's, Musk, who've, Justin Sullivan, it's, JOHN THYS, who'd Organizations: Service, Elon, Business, BI, Tesla
He warned on Monday that the worst might be yet to come in Gaza if humanitarian services collapse. The head of the United Nations agency providing aid for Palestinians in Gaza has said that his organization was being targeted with a “deliberate and concerted campaign” to undermine its operations when its services are most needed. Israel’s accusations in January prompted 16 donor countries, including the United States, to suspend about $450 million in funding. The court, the United Nations’ highest judicial body, has ordered Israel to take immediate steps to facilitate the aid Gaza desperately needs and is weighing whether Israel has committed genocide in its war in Gaza. Israel has a long history of friction with UNRWA, which was founded in 1949 and is one of the oldest U.N. agencies.
Persons: Philippe Lazzarini, Lazzarini, Israel, , ” Mr, Benjamin Netanyahu, Matthew Miller, Biden, Organizations: UNRWA, United Nations, United Nations Relief, Works Agency, General Assembly, International Court of Justice, Palestinian, U.S . State Department Locations: Geneva, Gaza, New York, Israel, United States
Tesla's hiring process can involve up to 9 interviews, a presentation, and sometimes a letter to Elon Musk. 10 Tesla engineers broke down the process and gave tips for getting a job at Musk's company. But engineers at Tesla say it's no small feat to land a role at Elon Musk's most well-known company. Business Insider spoke with 10 current Tesla engineers about what it takes to work at the company. AdvertisementSome Tesla engineers said they spent over 40 hours preparing for the presentation over the course of several weeks.
Persons: Tesla, Elon Musk, , Elon Musk's, Musk, who've, Justin Sullivan, it's, JOHN THYS, who'd Organizations: Service, Elon, Business, BI, Tesla
This CEO wants to kill the résumé
  + stars: | 2024-03-03 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +7 min
Sundaram, now CEO at Applied, is making it her mission to kill the résumé — or at least diminish its role in hiring. Sundaram wants other leaders to follow suit because our work bios — and even job experience — aren't always good predictors of who will succeed in a role. The company might use only five or six questions per test to help identify suitable job candidates. When employers do want to see a résumé, Applied can use AI to strip away information about gender and ethnicity. For her part, Sundaram expects AI will change how so many people work that job candidates' employment histories might often reflect a smorgasbord of experiences.
Persons: , Khyati Sundaram, Sundaram, résumé, — aren't, résumés, SHL, Marlene Dunne, Dunne, Aaron Cleavinger, Cleavinger, we'll Organizations: Service, JPMorgan, Business, SHL, Murdoch Locations: résumés
Why ‘Fetal Personhood’ Is Roiling the Right
  + stars: | 2024-03-03 | by ( Emily Bazelon | ) www.nytimes.com   time to read: +1 min
The procedure offers a chance to make a baby, with eggs that are fertilized and develop into embryos in a lab. came to a sudden halt because of a State Supreme Court ruling that achieved a central goal of the anti-abortion movement. The ruling vaulted the question of “fetal personhood” to the center of the debate that has followed the U.S. Supreme Court’s 2022 decision overturning Roe v. Wade. The Alabama court decision made clear that this stance on the definition of life can broadly rewrite reproductive rights and send states, and perhaps the country, down unpredictable paths. In response, Alabama legislators, led by Republicans who have opposed abortion, rushed to pass bills last week so that I.V.F.
Persons: Roe, Wade Organizations: Court, Republicans Locations: Alabama, U.S .
Public sector opportunities vary but there are some key sites to scan if you're interested in a job. Government job openings peaked with 1,120 job openings in May 2023, FRED data shows, which is a 75% increase from two years prior. Federal, state, local, and contracting jobs are listed on different platforms and some of these roles may require certifications or clearances depending on the job description. You'll want to start by making a profile on the site, which will allow you to cater your job search to roles that you qualify for. Usually, these sites will have an FAQ page about how to get a job within the state or county.
Persons: , FRED, Here's, usajobs.gov, USAjobs.com, You'll, Clearancejobs.com Organizations: Service, Tech, York State Department of Locations: TikTok, Federal, State, New York
Queen Camilla will step back from royal duties until March 11 after filling in for King Charles. The king was diagnosed with cancer earlier this year and has withdrawn from public engagements. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementQueen Camilla will take a break from royal duties after stepping up official visits since King Charles' cancer diagnosis. Since Charles' cancer diagnosis was revealed on February 5, the King has withdrawn from public duties while he undergoes treatment, though he is continuing other state duties in private.
Persons: Camilla, King Charles ., , King Charles, Charles Organizations: Service, Commonwealth, Westminster Abbey, Business
Feeling Trapped, Swimming in Circles?
  + stars: | 2024-03-02 | by ( Roxane Gay | ) www.nytimes.com   time to read: +3 min
I am repeatedly told “you’re essential” and “this place would fall apart without you.” But I also know two people used to do my job. — AnonymousYou’re in a frustrating professional situation where you’re told you are valuable, but you aren’t treated as such. Reach out to your personal and professional networks, as you can, and let them know you’re looking for new employment opportunities. Be specific about what you’re looking for. I don’t know that anyone ever feels empowered to quit, because doing so is precarious.
Persons: , I’m, you’re, you’ve, can’t,
Ukraine has relied heavily on its arsenal of naval drones to cause headaches for Russia's Black Sea Fleet. AdvertisementFor at least one Ukrainian general, going after Russian warships with exploding drone boats is more than just hitting the enemy. To compensate for this deficiency, the country sought to develop what it calls "the world's first fleet of naval drones." These deadly systems were first introduced in 2022 as Kyiv looked to weaken Moscow's grip on the Black Sea. "We analyzed how best to get to the Russian fleet; what means and methods would be appropriate.
Persons: , Ivan Lukashevych, Lukashevych, we'd, Volodymyr Zelenskyy Organizations: Service, Security Service, Ukraine's Ministry of Digital, Defense Intelligence, Russian Defense Ministry Press Service, AP, Black Locations: Ukraine, Brig, Kyiv, Moscow, Sevastopol, Crimean, Novorossiysk, Russia
A Florida Gen Xer made over $300,000 secretly working three jobs in the tech industry. AdvertisementAfter being laid off from his tech job in 2019, Robert wanted two things: job stability and multiple sources of income. By 2021, he'd found a remote job that he said paid $180,000 a year and had a part-time gig that was bringing in an additional $2,000 a month. He went looking for other remote jobs and landed one that paid $190,000 a year. Robert said his overemployment journey likely wouldn't have happened if the pandemic hadn't led more companies to adopt remote working arrangements.
Persons: Xer, , Robert, he'd, Overemployment, Robert's, overemployment, COVID Organizations: Service, BI Locations: Florida
Computer science is not a new major at top schools, but with AI jobs in high-demand, there's a growing list of colleges and universities offering a four-year "AI" degree specifically. These programs generally move beyond the foundations of computer science to home in on topics such as machine learning, computing algorithms, data analytics and advanced robotics. Purdue University offers an AI undergraduate major, while many colleges and universities offer AI classes within their computer science department, even if there's not a dedicated major. The rise of AI-specific degree programs comes as companies are short on talent for this fast-developing field. According to the Georgetown University Center for Security and Emerging Technology, AI degrees have bucked the general trend in education since 2011, with positive degree conferral growth versus negative growth across all degree areas.
Persons: Carnegie Mellon, there's, Kerem Koca, Maria Flynn, Jobs, master's Organizations: University of Pennsylvania, Artificial Intelligence, Carnegie, Purdue University, Georgetown University Center for Security, Emerging Technology
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