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☆ 1 in 3 people would quit for a 4-day workweek job, according to a new report
▼ + stars: | 2023-04-07 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

The four-day workweek is gaining momentum, and people say they're willing to quit to have it. A majority, 61%, of workers say they'd rather have a four-day workweek than the traditional five, and 33% say they'd quit their job to for one with a shortened week, according to a Monster survey of 868 workers conducted in March. Half of those surveyed say they'd be more productive with a shortened workweek, and 10% would even take a pay cut for the benefit. More companies may experiment with a shortened workweek, especially if they can't award raises or promotions in a challenging economic environment. The share of companies offering a 4-day workweek benefit reached the 10% threshold for the first time last year, according to a recent Payscale report.

☆ Warren Buffett shakes off recession fears as he piles another $216 million into Occidental Petroleum stock
▼ + stars: | 2023-03-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The investor's Berkshire Hathaway bought another $216 million or so of Occidental Petroleum stock. The famed investor's Berkshire Hathaway poured $216 million into Occidental Petroleum within the past three trading days, a Securities and Exchange Commission filing revealed Monday. Buffett's conglomerate scooped up nearly 3.7 million shares, boosting its stake to almost 212 million shares or 23.6% of the oil-and-gas company. Occidental stock rose 3% in premarket trading Tuesday, after the news. Berkshire received both the preferred stock and warrants in return for financing Occidental's takeover of Anadarko Petroleum in 2019.

☆ A worker who fears she's getting 'quietly fired' explains 2 warning signs that your company might be trying to push you out
▼ + stars: | 2023-03-26 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

"There's a certain amount of gaslighting that goes on, too, from management," she told Insider. She added that quiet firing typically involved singling out people, rather than employers trying to push out many. "At the end of the day, quiet firing is more about the culture of fear it produces," the account manager said. 'Push, push, push' on harder-to-achieve goalsAnother sign the account manager has seen is an increase in goals. It's just push, push, push."

☆ If you think you're being 'quiet fired,' just talk to your boss and find out what's up
▼ + stars: | 2023-03-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Career expert Vicki Salemi defines "quiet firing" as when companies push an employee to resign, rather than directly terminating them. Workplace experts say that you should talk to your boss and find out what's going on, and also keep a record of the signs or occurrences that make you think you're being quiet fired. And while Wigert's explanation of quiet firing involves managers, talking to your boss can be an important thing to do if you see some early signs of quiet firing. Not everyone may want to talk their to manager if they think they're being pushed out through quiet firing. They may think they have a "bad boss" that they can't talk to about their concerns or these signs they noticed.

☆ Junk fees cost consumers tens of billions annually, according to the White House
▼ + stars: | 2023-03-21 | by ( Chelsey Cox | ) www.cnbc.com time to read: +5 min

Fees on concert tickets, airfares, hotels and other so-called junk fees cost Americans tens of billions of dollars every year, often obscuring the full price of purchases from consumers, top economic experts said at the White House on Tuesday. Biden also called on state legislators to address junk fees at a March 8 virtual meeting with the White House. The eradication of junk fees is also a bipartisan issue with positive benefits for the economy, Brainard will say. She says recent surveys show 75% of consumers support cutting junk fees, "with strong support across party lines." "As an economist, I know that regulating junk fees has a strong foundation in decades of scholarship.

☆ Americans desperate for the hot weight-loss drug Ozempic are turning to Canada and Mexico because they can't afford it at home
▼ + stars: | 2023-03-20 | by ( ) www.businessinsider.com time to read: +12 min

She found CanShipMeds.com, one of many websites that says it ships a similar drug, Ozempic, from Canada at a lower cost. Delp is hardly the only American searching for weight-loss drugs across the border in Canada or Mexico. Medicare, the federal program that provides health coverage for people 65 and older, doesn't cover weight-loss drugs at all, though there's a push to change that. People are looking to Canada and Mexico for cheaper OzempicCrystal Cox/Business InsiderUntil insurance coverage improves, people will look abroad to afford the weight-loss drugs. Want to tell us about your experience with weight-loss drugs like Ozempic and Mounjaro?

☆ Warren Buffett, BlackRock and Goldman Sachs find energy stocks irresistible even as 2023 proves another turbulent year for markets
▼ + stars: | 2023-03-18 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +4 min

Energy stocks are emerging as a top favorite with Wall Street elites even as the recent string of bank failures spook markets. BlackRock and Goldman Sachs have also touted their preference for energy stocks. And one sector is emerging as quite the favorite with the likes of Berkshire Hathaway, BlackRock and Goldman Sachs - energy stocks. Goldman Sachs' chief US equity strategist David Kostin said last month it was time to turn to value stocks from sectors such as energy and healthcare. Economic uncertainty fueled by the banking turmoil has led to a jump in oil market volatility.

☆ Want to invest in companies that empower women? Here's what you need to know
▼ + stars: | 2023-03-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Known as gender lens or gender equity investing, the idea is to invest for financial return, while promoting gender diversity. Yet those funds represent less than 0.01% of total equity fund assets in the United States, according to the firm. Her women CEO and CFO clients were getting tremendous results, she said. In January, the asset management firm launched the Hypatia Women CEO exchange-traded fund (WCEO). Women in leadership matters, but we need a more robust scorecard to assess gender equity.

☆ Goldman Sachs' head of recruiting shared 4 tips for candidates of its ultra-competitive summer internship that just started taking applications
▼ + stars: | 2023-03-16 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +7 min

Vicki Tung, the firm's head of recruiting, shares her tips for candidates to put their best foot forward. Goldman Sachs opened applications for its summer 2024 internships Wednesday, including for its prestigious investment banking analyst program. If candidates pass an initial resume screening, they'll be invited to do a HireVue interview, Tung said. The example she gave is when candidates list multiple accomplishments or experiences they participated in for a very short time. Interviews are mostly made up of "situational behavioral" questions, Tung said, where ethics are embedded into the prompts.

☆ Warren Buffett's Berkshire Hathaway scoops up more Occidental shares on the oil dip
▼ + stars: | 2023-03-16 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett 's Berkshire Hathaway snapped up more shares of Occidental Petroleum , taking advantage of sliding oil prices amid the spreading banking crisis. The Omaha, Nebraska-based conglomerate bought 7.9 million shares in multiple trades on Monday, Tuesday and Wednesday, a new regulatory filing showed. That brought Berkshire's total number of shares in Occidental to 208 million shares, 23.1% of the oil giant's outstanding shares. The "Oracle of Omaha" had purchased 5.8 million shares for $352.5 million on March 3, March 4, and March 7. Occidental shares opened slightly lower on Thursday.

☆ Jubilation as 'pride of Malaysia' Yeoh wins first Oscar
▼ + stars: | 2023-03-13 | by ( Ebrahim Harris | ) www.reuters.com time to read: +2 min

KUALA LUMPUR, March 13 (Reuters) - Family and friends of Malaysia's Michelle Yeoh responded with screams, jubilation and pride on Monday at her winning the Academy Award for best lead actress, Asia's first ever winner in the category. There were ecstatic roars and fist-pumps as her triumph was announced at an Oscars viewing party in Malaysia's capital Kuala Lumpur, with all eyes on her surprised and delighted mother, Janet Yeoh. Everybody knows it," she told a news conference afterwards, in front of a poster of her daughter that said "Pride of Malaysia". It was Yeoh's first Oscar nomination and she had been widely regarded as the front-runner. Yeoh made her Hollywood breakthrough when she was cast as the first ethnic Chinese Bond girl in 1997's "Tomorrow Never Dies" opposite Pierce Brosnan.

☆ U.S. won't reach a new record in oil production 'ever again,' says Pioneer Natural Resources CEO
▼ + stars: | 2023-03-09 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

Many oil companies have outlined production increases as part of spending plans this year, though oil companies are now in an era of greater fiscal discipline, not shy about signaling they will favor shareholder rewards like stock buybacks over higher production levels. "I think gas prices at the pump are not so bad at this price, so I think it's optimal," she said. The White House has pushed oil companies to use their record profits to ramp up production instead of on buybacks or increasing dividends. Biden said U.S. oil majors invested "too little of that profit" to ramp up domestic production to help keep gas prices down. "Instead, they used those record profits to buy back their own stock, rewarding their CEOs and shareholders."

☆ Warren Buffett's Berkshire Hathaway snaps up $355 million of Occidental stock, boosting its stake in the energy giant to over 22%
▼ + stars: | 2023-03-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett's Berkshire Hathaway has resumed buying Occidental Petroleum's stock after a five-month break. Buffett's company spent $355 million in three days, raising its stake in the energy giant to 22.2%. Occidental's stock soared nearly 120% last year, making it the S&P 500's best performer of 2022. Buffett's company scooped up 5.8 million Occidental shares during the past three trading days, boosting its stake to 200 million shares or 22.2%, a Securities and Exchange Commission filing on Tuesday revealed. Occidental's stock price surged by nearly 120% last year, making it the S&P 500's top performer of 2022.

☆ Oxy CEO Vicki Hollub doesn't seem worried about White House pressure on buybacks, oil prices
▼ + stars: | 2023-03-07 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

That new fiscal approach from the energy patch has not made the White House happy, especially when oil prices and oil company profits were at a peak last year. Gas prices are right where they should be right now, she says, and are likely to stay this way. If there is risk to gas prices this year, it's to the upside. Amid high gas prices last year, the Biden administration released the most oil from the Strategic Petroleum Reserve on record, 180 million barrels. Among the reasons oil prices will remain higher?

☆ Oil prices are in a good place right now, says Occidental Petroleum CEO
▼ + stars: | 2023-03-06 | 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 EmailOil prices are in a good place right now, says Occidental Petroleum CEOOccidental Petroleum CEO Vicki Hollub joins 'Squawk Box' to discuss whether Occidental can produce more oil, why the company isn't lowering prices.

☆ South Carolina becomes the latest GOP-led state with a bill to make the death penalty a punishment for abortion
▼ + stars: | 2023-03-04 | by ( Sarah Al-Arshani | ) www.businessinsider.com time to read: +3 min

A South Carolina legislator proposed the death penalty as punishment for women who get abortions. Rob Harris introduced the South Carolina Prenatal Equal Protection Act of 2023 last week, which could make getting an abortion the same as committing homicide. South Carolina state law currently punishes abortion with up to two years in prison and a fine of up to $1,000. The penalty is one of the harshest, but this isn't the first time a state lawmaker has proposed the death penalty for abortion. In March 2021, Texas state Rep. Bryan Slaton proposed legislation that would ban and criminalize abortion which could carry the death penalty, the Texas Tribune reported.

☆ 6 ways companies are 'quiet firing' white-collar workers
▼ + stars: | 2023-03-03 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

The kinds of moves Cutter is describing are examples of a growing workplace trend of "quiet firing." Wigert added that "quiet firing happens unintentionally more often than intentionally." "Economic conditions can certainly spur more quiet firing," Wigert said. It could also be the case that your pay suffers along with this in quiet firing. "Typically with quiet firing, you are the person who's being impacted.

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☆ 64% of women say they could do their boss's job better than them, but they aren't getting the chance
▼ + stars: | 2023-02-27 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

There's a major confidence gap between men and women in the workplace, though it might not be in the way you'd expect. A majority, 64%, of women think they can do their manager's job better than them, versus 47% of men who believe the same, according to a new Monster survey of 6,847 workers conducted in February. That perspective doesn't necessarily reflect that women feel proficient in their jobs, but rather they feel undervalued and overlooked for management roles, Monster career expert Vicki Salemi tells CNBC Make It. "Women feel they can do their manager's job," she says, "but the frustration is: Why aren't they given the opportunity to do it?" Women say having a clear vision for the future of their career is a top priority for them, and a lack of potential advancement is the biggest red flag that would lead them to turn down a job offer.

☆ 'Quiet' is the workplace word of 2023
▼ + stars: | 2023-02-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

Bare Minimum Monday, another workplace buzzword of 2023, also relates to quiet quitting. Experts think those "quiet" trends and more are set to continue throughout 2023 and beyond. "Quiet hiring" is one of the "biggest workplace buzzwords" of 2023 per Insider's reporting. Emily Rose McRae of Gartner's HR Practice said per reporting from GMA that quiet hiring is a workplace trend in 2023 in part because of a shortage in talent. Other buzzwords of the year from Insider's reporting relate to quiet quitting even if they don't use the word quiet.

☆ Are you getting a pay raise this year?
▼ + stars: | 2023-02-16 | by ( Cindy Perman | ) www.cnbc.com time to read: +9 min

"Job switching is one of the best ways to get a raise," Nick Bunker, economic research director at Indeed, told CNBC. In January, for example, those who stayed got an average raise of 5.4%, while those who switched scored an average salary increase of 7.3%. Your best shot at getting that raise is going in there prepared. "State facts so you can show your boss what you're worth," Vicki Salemi, a career expert at Monster.com, told CNBC. Here are a few tips for asking for a raise: Know the going rate for your line of work.

☆ Including this on your resume could be the key to getting hired
▼ + stars: | 2023-02-09 | by ( Cindy Perman | ) www.cnbc.com time to read: +9 min

When you think about your resume, you tend to think of including your experience, job responsibilities, education, etc. "Skills are the most important factor when it comes to landing a job right now," LinkedIn career expert Blair Heitmann recently told CNBC Make It. Some of your skills you can work into bullets under experience but for the rest, include them under the skills section of your resume. But what exactly are soft skills? "If you don't have key skills … in the skills section, it's really unlikely that your profile is coming up," Durham said.

☆ The 7 most in-demand tech skills for freelancers—many pay more than $125 an hour
▼ + stars: | 2023-02-05 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

"The skills gap is still sharp, it's still a significant gap," says Vicki Salemi, career expert at Monster. "Employers are struggling to find labor in this tight labor market" that can fill various tech needs. CMS developmentA content management system, CMS, is a software that helps its users manage their various content, from creating it to publishing it. CMS developers charge as much as $105 per hour. They ensure the software works correctly in various scenarios and note any bugs or issues along the way.

☆ Shareholder lawsuit over Musk’s controversial ‘funding secured’ tweet heads to jury
▼ + stars: | 2023-02-03 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —A California jury on Friday began deliberations in a trial over whether Elon Musk is liable for losses experienced by Tesla shareholders following his controversial “funding secured” tweet from 2018. Musk had spoken to executives of the Saudi sovereign wealth fund about the funding he would need to take Tesla private. Tesla (TSLA) shares initially climbed 11% on the day of Musk’s original “funding secured” tweet, but they never reached that promised $420 level, reaching a high that day of $387.46. Elon Musk waiting for Court to begin in a California courtroom during the Tesla shareholder lawsuit trial on February 3. The lead plaintiff in the shareholder lawsuit, Glen Littleton, testified last month that he lost more than 75% of his investments following Musk’s “funding secured” tweet.

☆ Jeff Smith makes for a substitute Warren Buffett
▼ + stars: | 2023-01-30 | by ( Jonathan Guilford | ) www.reuters.com time to read: +4 min

With markets sagging and deals drawing opposition, such imprimaturs have a value - and at Ritchie Bros Auctioneers (RBA.TO), it’s the turn of Starboard Value’s Jeffrey Smith to play rescuer. Heavy equipment auctioneer Ritchie Bros ran into both problems in its $7 billion bid to buy salvage-car portal IAA (IAA.N). Announced in November, it quickly drew opposition from IAA shareholder Ancora and Ritchie investor Luxor Capital. Shareholder opposition is expected in market turmoil. As part of the deal, Starboard Value agreed to invest $500 million in Ritchie Bros, with fund boss Jeffrey Smith taking a seat on Ritchie’s board if the IAA deal succeeds.

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