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Finland has a history of being the happiest country in the world, and it's among the most gender-equal, too. Many Nordic countries have generous paid leave policies, government-subsidized child care, free college (which can level access to high-paying jobs), pay gap reporting requirements and pay transparency policies. At Framery, a Finnish manufacturing company with roughly 400 employees, the difference between what men and women get paid is roughly 1%. Anni Hallila, Framery's head of people and culture, explains three strategies that helped them effectively close their business's gender pay gap. Salary reviews happen twice a yearFramery's compensation team does a pay audit for their workforce twice a year, Hallila says.
Persons: Anni Hallila, Hallila, Framery Organizations: Nordic Locations: Finland, Framery, Finnish
Nvidia’s fall to earthIt looks like another volatile day for Nvidia shareholders. And given the company’s enormous influence on the entire S&P 500, they may not be the only investors facing big swings. It closed Monday down roughly 16 percent from its intraday high on Thursday, shedding more than $550 billion in value — roughly the size of Tesla’s market capitalization — offering the markets a tough reminder that the A.I. Mary Daly, the president of the San Francisco Fed, warned Monday of a slowdown in the labor market hitting the U.S. economy. Another big piece of data comes out on Tuesday: The Conference Board is set to release its monthly consumer confidence index.
Persons: Mary Daly, San Francisco Fed, Organizations: Nvidia, San Francisco
AdvertisementGrowing up in Murfreesboro, being this out, proud gay Black man was kind of just frowned upon. And Princey was just kind of this quiet individual who never really went around too much, and just did my own little thing. I just saw so much pageantry there, and so much charisma, and I was like, "This is kind of drag." Related storiesI thought my wrestling name was going to be "Princey," but my coaches were like, "Nah, not really." It was kind of like having a wrestling coach, but it was just my drag mom.
Persons: Princey, Priyanka, , Brian Maxwell, Kerry Awful, Brian, Greg Endries, you've, that's Organizations: Service, Max, Business, Wrestling, Crux Wrestling, HBO Locations: Murfreesboro, Alabama
U.K. fiscal situation is far from ideal, wealth planner says
  + stars: | 2024-06-25 | 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 EmailU.K. fiscal situation is far from ideal, wealth planner saysSimon Allister, head of wealth planning at LGT Wealth Management, says countries are actively trying to attract wealth individuals from the U.K., as some of the firm's clients consider relocation.
Persons: Simon Allister Organizations: LGT Wealth Management
Moreover, the partnership will enable Rivian to cut operating costs by leveraging volumes of supplies including chips and components, he said. It will also help Rivian, known for its flagship R1S SUVs and R1T pickups, turn cashflow positive. Volkswagen will immediately invest $1 billion in Rivian through a note that will convert to stock on Dec. 1, subject to regulatory approvals. The German automaker will also invest $2 billion in Rivian stock - $1 billion each in 2025 and 2026 - subject to the startup hitting certain milestones, and provide a $1 billion loan in 2026. Rivian stock has halved so far this year.
Persons: Stephane Mahe, RJ Scaringe, Vitaly Golomb, Herbert Diess, Diess, Rivian, Scaringe, Sam Fiorani, Mavka Capital's Golomb, VW's Cariad, Abhirup Roy, Ben Klayman, Noel Randewich, Christina Amann, Harshita Varghese, Sayantani Ghosh, Rod Nickel, Matthew Lewis, Leslie Adler Organizations: Volkswagen, REUTERS, Reuters, JV, Audi, Porsche, Lamborghini, Bentley, Volkswagen Group, Mavka, VW, AutoForecast Solutions, Traders, S3 Partners, Rivian, Thomson Locations: Reze, Nantes, France, Europe, Asia, North America, U.S, German, South Carolina, San Francisco, Detroit, Oakland , California, Berlin, Bengaluru
CNN —The former executive assistant of a tech CEO was found guilty Monday of murdering his boss – whom he then decapitated and dismembered – in 2020, according to a news release from the Manhattan District Attorney’s Office. A jury on Monday found Haspil guilty of one count of first-degree murder, two counts of second-degree grand larceny, one count of second-degree burglary and other charges, according to the DA’s office statement. Haspil became Saleh’s assistant in May 2018, where he was tasked with a variety of responsibilities including handling Saleh’s finances – which is how he gained access to Saleh’s financial records, according to the DA’s office release. That fall, Haspil began stealing from Saleh’s companies using two separate schemes, the DA’s office stated. The next day, Haspil returned to the apartment “to dismember the body and clean up the crime scene,” according to the release.
Persons: , Tyrese Haspil, Fahim Saleh, Haspil, “ Tyrese Haspil, Attorney Alvin Bragg, , Saleh’s, , Sam Roberts, Temilade Adelaja, Saleh Organizations: CNN, Manhattan, Attorney’s Office, Prosecutors, Attorney, ” CNN, Legal Aid Society, New, PayPal, Reuters, Bentley University in Locations: Nigerian, Lagos, Nigeria, Manhattan, Saudi Arabia, New York, Bentley University in Massachusetts
Introducing Our 2024 Poll Tracker
  + stars: | 2024-06-25 | by ( Nate Cohn | ) www.nytimes.com   time to read: 1 min
What do the polls say about the race for the White House? With less than five months to go, new poll averages from The New York Times, which debut today, show a very close race nationally and in the critical battleground states. On average, the recent national polls show President Biden and Donald J. Trump each winning about 46 percent of the vote in a head-to-head race. They are essentially tied as they approach their first debate Thursday night.
Persons: Biden, Donald J Organizations: The New York Times, Trump
DALIAN, China — Cisco is "very optimistic" about its growing business with Chinese electric car companies as they expand overseas, the company's Greater China head told CNBC on Tuesday. The EV segment is the U.S. tech giant's second-largest for the region — Cisco generates most of its revenue in Greater China from manufacturing companies, and within that, electric cars form the largest category, said Ming Wong, vice president and CEO of Cisco Greater China. Chinese EV-makers have ramped up their global expansion in the last year as domestic competition intensified. However, trade tensions have escalated, with the U.S. and likely the European Union, increasing tariffs on imports of Chinese electric cars. "At least as of now, we don't hear anything from the [EV] customers saying that, 'Oh, because of this, we need to stop investing, or we need to slow down,'" he added.
Persons: Ming Wong, Wong, It's Organizations: Cisco, CNBC, U.S, European Union Locations: DALIAN, China, U.S, Greater China, Cisco Greater China
The Ukraine women’s team was then invited to live and train in a safe environment by their Japanese colleagues, where they spent a fortnight in June 2023. The Ukraine women’s team also spent another two months in the US, where they were hosted by local universities. A view shows residential buildings destroyed during Russia’s invasion of Ukraine in the town of Irpin, outside Kyiv, Ukraine April 29, 2022. Valentyn Ogirenko/ReutersDifficult training conditionsThe conditions under which the athletes have prepared for the Paris Olympics affected the team’s results. For Kolyadenko, getting a license and preparing for the Paris Olympics was more difficult than for any other competition in her career.
Persons: Iryna, , ” Kolyadenko, , Oleksandr Klymenko, Matviy Bidnyi, Olga Kharlan, wouldn’t, Kolyadenko, Iryna Kolyadenko, Svitlana Vlasova, rappelling, Volodymyr Evonov, ” Evonov, , Evonov, Valentyn Ogirenko, – Kolyadenko, Oksana Livach –, Bidnyi Organizations: Ukraine CNN —, Paris Olympics, Russian, CNN, Reuters, Ukrainian Ministry of Sport, Paris Games, Paris, Tata, Tokyo, Ukrainian, Olympics, Ministry of Sports Locations: Kyiv, Ukraine, Russia, Ukrainian, Dmytrivka, Kyiv region, Paris, Russian, Turkey, Kolyadenko, , Kherson, Crimea, Irpin, Kharkiv
The media company first made a name for itself by distributing high-school sports videos, then producing its own shows and operating its own sports leagues. Rutstein, who worked at Adidas and Reebok before Overtime, said the company distinguishes its merch by focusing on quality. Advertisement"When we first started, I said, we're not going to be a media company that just does merch," Rutstein told Business Insider. Advertisement"Through partnerships, we've been able to expand our audience, of course, to these brands that are either legacy or heritage streetwear brands," Rutstein said. Other brands Overtime has partnered with include BAPE, a Japanese clothing brand; PSD Underwear, which makes underwear and activewear; 7-Eleven, a convenience store chain; and Billionaire Boys Club, a fashion label founded by singer-songwriter Pharrell Williams.
Persons: , Tyler Rutstein, Rutstein, we're, SpongeBob, we've, Pharrell Williams, that's Organizations: Service, Paramount, Business, Adidas, Reebok, Billionaire Boys Locations: merch
Read previewDavid Einhorn warned James Fishback he was on "thin ice" less than a year after hiring him. Einhorn's firm, Greenlight Capital, is suing his former analyst, Fishback, Tuesday evening in New York. Advertisement"And, since he had absolutely no authority or discretion whatsoever over Greenlight's macro investment portfolio, he was not responsible for generating any profits, let alone 'over $100 million' of profits." Threats to disrupt Greenlight's partner dinnerThe suit claims Fishback threatened to stand outside Greenlight's annual gathering of investors and service providers with letters that "maliciously and disingenuously called into question Greenlight's macro investing abilities." AdvertisementThe review showed that Fishback had "almost no work files saved on Greenlight's network drive, and had engaged in very little activity on Greenlight's computer system.
Persons: , David Einhorn, James Fishback, Fishback, Greenlight, Greenlight — Fishback, Azoria, Fishback's, Bari, Einhorn Organizations: Service, Greenlight, Business, Azoria Partners, Citi Locations: New York, Greenlight
This story is available exclusively to Business Insider subscribers. AdvertisementScott's wife, Lesley Scott, said the flight attendants urgently asked passengers to put the oxygen masks on, which they thought meant this was not a mistake and that something was actually wrong. AdvertisementIn a statement provided to Business Insider, United said: "A small number of oxygen masks inadvertently deployed during the flight. About a week prior, oxygen masks also "inadvertently deployed" on a transatlantic United flight from Paris to Washington, DC. AdvertisementBoeing did not immediately respond to a request for comment from Business Insider sent outside regular hours.
Persons: , Ryan Scott, Scott, Lesley Scott, United Organizations: Service, Business, United, Kahului, Boeing, Business Insider Locations: Marin County , California, Hawaii, San Francisco, Maui, hyperventilating, Paris, Washington
The US chipmaker’s market capitalization hit $3.34 trillion on June 18 to surpass Microsoft’s but has since shed $430 billion. Now worth $2.91 trillion, Nvidia has fallen into third place globally, behind Microsoft (MSFT) and Apple (AAPL), which have a market cap of $3.33 trillion and $3.19 trillion respectively. The company’s chips power AI systems, including generative AI, the technology behind OpenAI’s ChatGPT that can create text, images and other media. Now investors have started to take profits and they seem to prefer selling stocks with the best year-to-date performance.”Market contagion? Nvidia is a member of the so-called Magnificent Seven, the mega-cap tech companies whose shares greatly outperformed the broader US stock market rally last year.
Persons: ” Jim Reid, OpenAI’s, Nvidia’s, ” Jochen Stanzl, , , Derren Nathan, Hargreaves, isn’t, Organizations: London CNN, Nvidia, US, Microsoft, Apple, Deutsche Bank, CMC, CNN, Nasdaq
Gavin Newsom of California, whose liberal state has been hammered by Republicans for months as a hellscape of homelessness, crime and high taxes, used his annual State of the State address on Tuesday to slam “conservatives and delusional California bashers” and defend “the California way of life.”Rather than appear before a joint session of the State Legislature, Mr. Newsom prerecorded his speech and posted it on social media, directing his message at least as much to a national audience as to Californians. It came two days before former President Donald Trump and President Biden were scheduled to debate in Atlanta, where Mr. Newsom was expected to appear in the so-called spin room as a feisty surrogate. In his remarks, which hinted at arguments Mr. Biden is likely to touch upon on Thursday, Mr. Newsom presented the Democratic policies that are California’s hallmark as an “antidote to the poisonous populism of the right.”Mr. Newsom, 56, has been among the president’s most visible supporters, and has long contended that Democrats have underestimated the hostility of the MAGA Republican movement. He has been viewed as a future presidential candidate and has seemed to relish challenging conservatives head on.
Persons: Gavin Newsom, , Newsom, Donald Trump, Biden, Mr, MAGA Organizations: California, State Legislature, Democratic, MAGA Republican Locations: California, Atlanta
Read previewIn September 2021, Mark Zuckerberg threw his PR team into a crisis situation. The story said part of the strategy involved Zuckerberg posting more lighthearted content to help rehab his image, and cited a video he had posted of himself riding a hydrofoil while holding an American flag. In those messages, you can see how the PR team agonized over Zuckerberg's desire to post a zinger about the misidentified hydrofoil. Nick Clegg, head of public policy at Meta, was also strongly against Mark posting something flippant about the hydrofoil. A warning label is a misguided idea, in my opinion, but it is a pesky public problem for Meta.
Persons: , Mark Zuckerberg, Zuckerberg, Ryan Mac, Tucker Bounds, John Pinette, Pinette, I'm, Nick Clegg, Clegg, Meta Organizations: Service, New York Times, Business, Meta, The New York Times, Twitter, Facebook, US, MZ, Street Locations: New York, EU
ETF Edge, June 24, 2024
  + stars: | 2024-06-25 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailETF Edge, June 24, 2024Fiona Bassett is CEO of FTSE Russell, one of the largest indexing firms in the world and the owner of the small-cap benchmark Russell 2000 and large-cap Russell 1000. She joins Todd Rosenbluth, Vettafi head of research, and CNBC's Bob Pisani on 'ETF Edge' to discuss the Russell rebalancing this week, trends in the Russell indexes, what's driving investors now and more.
Persons: Fiona Bassett, Russell, Todd Rosenbluth, Bob Pisani Organizations: FTSE Russell
The company on Tuesday announced a set of new safety features, including expanded warning pop-ups that appear when a teen receives a message from someone they don’t share mutual friends with or have in their contacts. And Snapchat will now prevent the delivery of friend requests for teens to or from an account that they don’t share mutual friends with that is also located in regions often associated with scammers. Meta in April also announced new features aimed at combating sextortion, including informing users when they’ve interacted with someone who engaged in financial sextortion. Now, when a user blocks another account, any new accounts created on the same device will also automatically be blocked. The updates build on Snapchat’s existing teen safety features, which include a “Family Center” where parents can supervise the behavior of 13- to 17-year-old users, and mechanisms for removing age-inappropriate content.
Persons: New York CNN —, aren’t, ” Snapchat, Jacqueline Beauchere, sextortion, they’ve Organizations: New, New York CNN, CNN, Meta, Prevention Locations: New York
Mattel aims to make 80% of its games colorblind accessible by the end of the year, before raising that amount to 90% in 2025, the company announced Tuesday. Mattel said the move is part of an inclusivity effort and will target some of its most popular products, including Uno, Phase 10, Dos, Blokus and Tumblin' Monkeys games, according to a press release. Mobile versions of the card games will be updated with new symbols for colorblind identification, such as squares and triangles, according to the release. The new 'Beyond Colors' mobile decks are being led by Mattel163, Mattel's joint mobile game developer and publisher venture with NetEase . Mattel said it will donate colorblind accessible products to local YMCA summer camps to celebrate this milestone.
Persons: Mattel, Mattel163, Games Ray Adler Organizations: Mattel, NetEase, Cleveland Clinic, Global, Games
REUTERS/Brendan McDermid/File Photo/File Photo Purchase Licensing Rights New Tab , opens new tabJune 25 (Reuters) - Investment firm KKR (KKR.N) New Tab , opens new tab acquired a portfolio of 18 multifamily real estate assets on Tuesday from a closed end fund sponsored by developer Quarterra Multifamily for about $2.1 billion. The portfolio includes 5,200 units across California, Washington, Florida, Texas, Georgia, North Carolina, Colorado and New Jersey. "We believe this is a great moment to invest in real estate, as transaction activity starts to pick up on the heels of two-years of dislocation in commercial real estate markets," said Justin Pattner, KKR's head of real estate equity in the Americas. KKR will partner with prominent multifamily real estate operators Carter-Haston, MG Properties and Dalan Real Estate to operate the assets. New Tab , opens new tab
Persons: Brendan McDermid, Quarterra, Justin Pattner, Carter, Pritam Biswas, Krishna Chandra Organizations: KKR, New York Stock Exchange, REUTERS, Investment, Thomson Locations: New York, U.S, California, Washington , Florida , Texas, Georgia, North Carolina , Colorado, New Jersey, Americas, Bengaluru
The United States under President Biden is a “dictatorship,” according to Doug Burgum, governor of North Dakota. “Under Joe Biden,“ Burgum told Fox News, “we’re actually living under a dictatorship today where he’s, you know, bypassing Congress on immigration policy; he’s bypassing Congress on protecting our border; he’s bypassing Congress on student loan forgiveness; he’s defying the Supreme Court.”Asked on Sunday to defend his claim, Burgum, who is apparently on the short list of potential running mates for Donald Trump, stood his ground, telling CNN that Biden is “bypassing the other two branches of government to push an ideological view of — whether it’s on economics or whether it’s on climate extremism — he’s doing that without using the other branches.”It is an odd sort of dictatorship in which the head of state is bound by the rule of law as well as by the authority of other constitutional actors, one in which the dictator’s critics can organize to defeat him in an election without intimidation, penalty or threat of legal sanction — and in which he will leave office if he loses. If nothing else, it is hard to imagine a world in which Biden is both a dictator and someone who would allow Burgum, a regime opponent, to speak freely on national television as he works to defeat Biden at the ballot box.
Persons: Biden, Doug Burgum, Joe Biden, “ Burgum, “ we’re, , Burgum, Donald Trump Organizations: Fox News, CNN Locations: States, North Dakota
Read previewBefore Ami Vora became a Meta VP, she worked as a temporary employee in Facebook's PR department and slept on couches. Vora spoke about how she got her first job at Facebook on an episode of "Lenny's Podcast" published Sunday. The ex-Meta exec ended up becoming VP of product at Facebook, and VP of product and design at WhatsApp. "This wasn't exactly what I'd been hoping for," Vora wrote in her post. Vora would later become a director at Instagram, VP of product at Facebook, and VP of product and design at Whatsapp, according to her LinkedIn.
Persons: , Ami Vora, Vora, couldn't, I'm Ami, I'd Organizations: Service, Facebook, Meta, Business, Microsoft, Lean Locations: Silicon Valley, New York, Palo, San Francisco, California, Whatsapp
Here's how bad housing affordability is now
  + stars: | 2024-06-25 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +4 min
Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today's housing market is unlike any other in recent history. The housing cost burden has hit a record, according to a new report from Harvard's Joint Center for Housing Studies. Housing supply was already low before the Covid pandemic hit, because homebuilders had yet to recover from the 2008 financial crisis. Then there was a pandemic-induced run on housing, causing supply to drop to record lows for several years.
Persons: Brian Luke, Dow, HJCH, homebuilders, Homebuilders couldn't, Orphe Divounguy Organizations: Mortgage News, Dow Jones, Harvard's, for Housing Studies
Nvidia stock has plunged 16% in the past week, erasing $431 billion in market value. AdvertisementNvidia stock has suffered a painful four-day decline that has erased $431 billion in market value. The AI tech giant, which was the world's most valuable company just last week, is now worth $2.9 trillion, making it once again the third largest company behind Microsoft and Apple. AdvertisementAltogether, Nvidia stock is down 16% from its record high. "The surge in Nvidia share price has been so remarkable throughout 2024 that most investors are still in the black.
Persons: , Jensen Huang, Neil Roarty, Huang, Ray, Wang, Vivek Arya Organizations: Service, Nvidia, Microsoft, Apple, SEC, Constellation, CNBC, Bank of America
IOWN Global Forum is a global group aiming to develop technical standards for all-photonics networks. "Mobile traffic is growing more and more every day," Katsuhiko Kawazoe, chair of the IOWN Global Forum, told CNBC via email. "Data centers are becoming bigger and bigger, and hyperscale data centers are a struggle for societies' carbon reductions," Kawashima said. "To deploy antennas, we need optical fiber to connect antennas to radio data centers," Kawashima explained. For now, the IOWN Global Forum is working toward achieving its main goals by 2030.
Persons: , Kawazoe, Gonzalo Camarillo, OpenAI's, Kawashima, Banks, NTT's Kawashima Organizations: Getty, Microsoft, Google, Intel, Sony, IOWN, photonics, NTT, Ericsson, Nokia, SK Hynix, CNBC, IOWN Global, NTT Corporation, Mitsubishi, Netflix, Amazon, 5G
'Tech remains in favor,' Hargreaves Lansdown says
  + stars: | 2024-06-25 | 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 Email'Tech remains in favor,' Hargreaves Lansdown saysEmma Wall, head of investment research and analysis at Hargreaves Lansdown, discusses the outlook for markets ahead of the U.K. general election.
Persons: ' Hargreaves Lansdown, Emma Wall, Hargreaves Lansdown
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