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☆ Women at work are making gains in leadership roles, but catching up to men could take decades, new report estimates
▼ + stars: | 2024-09-17 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Women also made gains since 2018 in becoming vice president and senior vice president, but again in staff roles. Half of companies also offer support for those employees caring for sick family members or elderly parents, the study found. The report found that for every 100 men who received their first opportunity to be a manager, only 81 women got the same offer. “Given that employees with consistent manager support are more likely to be promoted, it very likely disadvantages them,” the analysis said. “Research shows that companies with more women in leadership benefit from greater innovation, healthier cultures, and stronger performance.

Persons: — Organizations: CNN, McKinsey & Company, Companies, evaluators, ” Employees, McKinsey, “ Research Locations: America

Below, we've put together everything you need to know about where to watch Dancing with the Stars, including what channel the show airs on and how to live stream it. Dancing with the Stars still airs on its usual network, which you can live stream through a variety of live TV services. Where to watch Dancing with the Stars in the USDancing with the Stars airs on Tuesdays at 8 p.m. Check price at HuluWhere to watch Dancing with the Stars in CanadaThe new season of Dancing with the Stars will be available to live stream on Disney+ in Canada as well. Check price at ExpressVPNHow to watch Dancing with the Stars with a VPNSign up for a VPN if you don't already have one.

Persons: we've, Ilona Maher, Stephen Nedoroscik, Dwight Howard, Joey Graziadei, Jenn Tran, Anna Delvey, Anna, Cha Cha, you'll, ExpressVPN, Danny Amendola, Witney Carson, Ezra Sosa, Jenna Johnson, Daniella Karagach, Chandler Kinney, Brandon Armstrong, Alan Bersten, Brooks Nader, Gleb Savchenko, Rylee Arnold, Phaedra Parks, Val Chmerkovskiy, Eric Roberts, Britt Stewart, Tori Spelling, Pasha Pashkov, Sasha Farber, Reginald VelJohnson, Emma Slater Organizations: Business, Olympic, Netflix, Stars, ABC, Disney, Hulu Locations: Hulu, Canada, Witney

☆ Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger
▼ + stars: | 2024-09-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

That marks a real GDP growth rate of 51.1% between 2010 and 2021, meaning an economic contribution that's 2.7 times that of the non-Hispanic population. Despite those large figures, some economists think that U.S. Latinas could be contributing more to GDP than the report's figure. A growing forceWhen it comes to labor force participation, Latinas are outpacing other groups, the BofA report showed. Conversely, the non-Latino labor force growth rate was negative that year, meaning that more people left the labor force than entered it. "Whereas all Latinos are a source of economic strength, Latinas are drivers of vitality that the economy needs."

Persons: Manolo, Jeffrey Greenberg, Jeff Greenberg, Belinda Román, Mónica, Pérez, Matthew Fienup, David Hayes, Bautista, —, Latinas, Elise Gould, Andrew Lichtenstein Organizations: Miami, Universal, Getty, Bank of America, St, Mary's University, CNBC, Fayetteville State University, Latina, Center for Economic Research, California Lutheran University, Center, Latino Health, Culture, School of Medicine, UCLA, Drivers, Economic, EPI, Brooklyn Puerto Rico Day, Corbis Locations: Miami Beach , Florida, U.S, Florida, California , Texas, New York, Brooklyn, Bushwick, Brooklyn , New York

☆ Companies that 'prioritize work flexibility' have the happiest workers, new ranking shows
▼ + stars: | 2024-09-17 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

1 for employee wellbeing, according to the 2024 Work Wellbeing 100 from Indeed and the University of Oxford's Wellbeing Research Centre. Indeed's ranking found that companies with higher work wellbeing scores also have higher valuations, returns on assets and profits. "A lot of these companies tend to prioritize work flexibility," says Kyle M.K., a talent strategy advisor at Indeed. "Companies that provide choice are the ones that tend to have a much better reputation among their employees," M.K. "By prioritizing work wellbeing, companies cultivate a more resilient, effective and happier workforce which ultimately drives business growth."

Persons: Kyle M.K, LaFawn Davis, Indeed's Organizations: University of Oxford's, Research, Nasdaq, Companies, Block, Human, Delta Air Lines, Accenture Nike, International Disney Parks, Flex, Walt Disney Company Wipro, Vans, Technology Solutions, Bros Coffee Microsoft FedEx Freight, CNBC

☆ Point72's Steve Cohen is stepping back from trading his own book
▼ + stars: | 2024-09-17 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Steven Cohen, founder of Point72 and majority owner of the New York Mets, attends a news conference at Citi Field, the home stadium of MLB's New York Mets, in Queens, New York, on Feb. 10, 2021. Billionaire investor Steve Cohen is retiring from the trading floor at his hedge fund Point72. The prominent hedge fund investor, who also owns the New York Mets, will continue his role as the co-chief investment officer at Point72, which Cohen converted from S.A.C. Most recently, the firm is planning to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom. Bloomberg News first reported on Cohen's move away from trading earlier Tuesday.

Persons: Steven Cohen, Steve Cohen, Cohen, Steve, he's, Point72 Organizations: New York Mets, Citi Field, MLB's New York Mets, Capital Advisors, Bloomberg Locations: MLB's, Queens , New York, S.A.C

☆ Watch CNBC's full interview with Snap CEO Evan Spiegel on latest AR glasses, new ad formats and Snapchat app redesign
▼ + stars: | 2024-09-17 | 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 EmailWatch CNBC's full interview with Snap CEO Evan Spiegel on latest AR glasses, new ad formats and Snapchat app redesignCNBC’s Julia Boorstin with Snap CEO Evan Spiegel, join 'Power Lunch' to discuss it's new product AR glasses, the company's stock plunge, new ad format and more.

Persons: Evan Spiegel, Julia Boorstin

☆ The US sent Taiwan waterlogged shipments of moldy body armor and machine guns tossed in a cardboard box, DoD watchdog says
▼ + stars: | 2024-09-17 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

AdvertisementThat included 120 pallets containing 500 wet and moldy tactical vests and "3,000 mildewed body armor plates," the watchdog said. AdvertisementWithout facilities to store or protect the equipment and ammo, they were exposed to the bad weather, the report added. AdvertisementAdditionally, the shipments to Taiwan included six M240B machine guns from the National Guard in Clovis, New Mexico, that were dumped in a cardboard box without any wrapping. The OIG said the six machine guns were found in a cardboard box without any wrapping or packaging. AdvertisementThe Pentagon did not immediately respond to a request for comment sent outside regular business hours by Business Insider.

Persons: —, OIG, Pete Nguyen, Nguyen, Joe Biden Organizations: Service, Business, The Defense Department, Travis Air Force Base, US Army, National Guard, Pentagon, Defense Department, Taipei Times, Democratic Progressive Party Locations: Taiwan, Taipei, Clovis , New Mexico, Beijing, China

☆ An 'AI apocalypse' is coming to investing. How financial advisors can prepare
▼ + stars: | 2024-09-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

Artificial intelligence is expected to transform the way companies do business, including those in financial planning and investment management. That means financial advisors need to get onboard or risk being left behind. Of course, financial advisors have been using some technology, like financial planning software, for years. Still, AI will help financial advisors do their jobs better — not necessarily put them out of work. What to do Nexus Strategy's Welsh believes financial advisors should begin getting comfortable with current AI capabilities.

Persons: Craig Iskowitz, Anthropic's Claude, Vincent Gudsdorf, Leo Kelly, Verdence, Kelly, Timothy Welsh, Welsh, Iskowitz, That's, Verdence's Kelly, It's Organizations: Ezra Group, AIs

☆ I shopped at Hannaford, the largest supermarket chain in Maine, and I wish it would come to every state
▼ + stars: | 2024-09-17 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Hannaford started as a small produce cart in 1883 and is now Maine's largest grocery chain. Hannaford in Scarborough, Maine, impressed with its vast selection and fresh produce. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On a recent trip to Portland, Maine, I stopped off at Hannaford Supermarkets in Scarborough and was blown away by the massive selection of produce, meat, and tasty-looking prepared foods.

Persons: Hannaford, —, I'm Organizations: Service, Yorker, Hannaford Supermarkets, Business Locations: Maine , Massachusetts, New Hampshire , Vermont, New York, Scarborough , Maine, Portland , Maine, Scarborough

International credit scores generally do not transfer to credit scores in the U.S. Nova Credit allows immigrants from some countries to apply for credit with an international credit score. FICO VantageScore Payment history (35%) Payment history (40%) Credit balance (30%) Length & type of credit (21%) Length of credit history (15%) Percent of credit used (20%) New credit (10%) Total debt/balances (11%) Mix of credit accounts (10%) Recent credit behavior and inquiries (5%) Available credit (3%)Varying reporting standardsOther countries have credit-scoring systems that differ from the United States. Check for applying without a U.S. credit history — While filling out a credit card application, check a box with "apply without having a U.S. credit history." Along with exploring credit scores, credit reports, and how to build credit, Jennifer analyzes how current economic trends impact everyday people and offers her expert advice on budgeting, saving, and growing wealth in today’s economy.

Persons: Misha Esipov, Dun, Bradstreet, Equifax, TransUnion, you've, Jennifer, Read Organizations: Nova Credit, Popular, Nova Credit's, Nova, American Express, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: U.S, United States, America, Experian, Nova, Canada, Japan, Australia, Brazil, Dominican Republic, India, Kenya, Mexico, Nigeria, Philippines, South Korea, Spain, Switzerland, TheGrio, New York City

☆ CNBC Daily Open: Tech might not be the biggest beneficiary of rate cuts
▼ + stars: | 2024-09-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Gary Hershorn | Corbis News | Getty ImagesThis 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. What you need to know todayThe bottom lineTechnology stocks benefit the most from low interest rates, conventional market wisdom says. When rates are low, that proposition appears attractive because returns are low elsewhere. This implies investors have been moving out of tech to other sectors that might experience tailwinds amid lower rates.

Persons: Gary Hershorn, Goldman Sachs, Christopher Barto, It's, CNBC's Hakyung Kim, Pia Singh, Yun Li Organizations: Trade Center, Corbis, CNBC, Nvidia, Meta, U.S . Federal, VanEck Semiconductor, Nasdaq, Dow Jones, Fort Pitt Capital Locations: Manhattan, Jersey City , New Jersey

☆ CNBC Daily Open: Rate cuts might not benefit tech the most
▼ + stars: | 2024-09-17 | by ( Yeo Boon Ping | ) 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. Record close for DowThe S&P 500 and Dow Jones Industrial Average rose on Monday, with the Dow notching a record close. Next move for the BOJThe Bank of Japan won't be raising interest rates at its September meeting, according to a CNBC survey of 32 analysts. [PRO] "Golden age of fixed income"The U.S. Federal Reserve is poised to cut interest rates this week.

Persons: Shaktikanta Das, Biden, Rick Rieder Organizations: Trade Center, CNBC, Dow, Dow Jones, Nasdaq, Nikkei, U.S ., Midea Group, Hong Kong, Bank of Japan, Bank of India, Intel, U.S . Federal Locations: Manhattan, Jersey City , New Jersey, Asia, Pacific, Hong

☆ Why these three states are the most consistent tipping point in American politics
▼ + stars: | 2024-09-17 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +21 min

Trump won the presidency in 2016 by stunning Democrat Hillary Clinton to win all three states by a combined margin of about 80,000 votes. But, as in other states, Democrats have been concerned about the risk of depressed turnout and some gains for Trump among Black voters in Philadelphia. Eight years later, the two states split again, when Roosevelt comfortably won Pennsylvania and Michigan narrowly went to Republican Wendell Willkie. This trio of states has arguably become the most consistent tipping point in American politics. In the nine elections since 1920 when they split their vote, the candidate who carried two of these three states won seven times.

Persons: Kamala Harris, Donald Trump –, Trump, Hillary Clinton, Joe Biden, Harris, Bob Shrum, Shrum, Tad Devine, “, Biden, PRRI, William Frey, Tim Marema, don’t, Mason, Dixon, Barack Obama, Tony Evers, Gretchen Whitmer, Josh Shapiro, Republican Sen, Ron Johnson, Dane County, Ben Wikler, Pete Giangreco, ”, You’ve, That’s, Gene Ulm, Roe, Wade, Whitmer, Branden Snyder, It’s, Clinton, Dante Chinni, White, ” Chinni, they’ve, They’ve, Republican pollster Patrick Ruffini, Ruffini, “ I’m, ” Ruffini, Geoff Garin, Michael Dukakis, Republican George H.W, Republican George H.W . Bush, James Buchanan, John C, Franklin D, Roosevelt, Herbert Hoover, Republican Wendell Willkie, Gerald Ford, Jimmy Carter, Theodore Roosevelt’s, Al Gore, John Kerry, Republican Thomas Dewey, Hubert Humphrey, Garin Organizations: CNN, White House, Democratic, Michigan, Wisconsin, AdImpact, Trump, Center, University of Southern, “, Republicans, Survey, Blacks, of Labor Statistics, Public Religion Research, Whites, GOP, Brookings Metro, for Rural, doesn’t, Keystone State, Republican, Center for Rural, Democrats, Biden, Black, White, Wisconsin , Michigan Democrats, Detroit, Electoral, American Communities Project, …, Democrat, Pennsylvania, Republican Party Locations: Michigan, Wisconsin, Pennsylvania, Georgia, North Carolina , Arizona, Nevada, Flint , Michigan, University of Southern California, California , New York, Illinois, Texas, Florida, Ohio, . Michigan, Wisconsin’s, Milwaukee, Philadelphia, Detroit, Waukesha, Ozaukee, Washington, Madison, Dane, Dane County, Eau Claire, Appleton, La Crosse, Outagamie, Winnebago, Green Bay, Green, Chicago, Scranton, Wilkes, Barre, ” Michigan, “ Michigan, Gaza, Wisconsin , Michigan, United States, “ Pennsylvania, Ulm, Pittsburgh, Butler , Pennsylvania, Republican George H.W ., Fremont, North Carolina, Michigan , Pennsylvania, “

☆ Baker Hughes CEO on opportunities in AI, new power demand
▼ + stars: | 2024-09-17 | 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 EmailBaker Hughes CEO on opportunities in AI, new power demandLorenzo Simonelli, Baker Hughes chairman and CEO, joins 'Money Movers' to discuss where Baker Hughes fits into the AI story, the amount of power needed for the digitalization of the economy, and much more.

Persons: Baker Hughes, Lorenzo Simonelli

☆ Snap CEO Evan Spiegel: We're on pace for record annual revenue this year
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSnap CEO Evan Spiegel: We're on pace for record annual revenue this yearCNBC’s Julia Boorstin with Snap CEO Evan Spiegel, join 'Power Lunch' to discuss it's new product AR glasses, the company's stock plunge, new ad format and more.

Persons: Evan Spiegel, We're, Julia Boorstin

☆ Harris victory seen as most likely election outcome, according to CNBC Fed Survey
▼ + stars: | 2024-09-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

For the first time in the 2024 election cycle, Vice President Kamala Harris is viewed as more likely than former President Donald Trump to win the U.S. presidential election, according to a CNBC Fed Survey released Tuesday. Among the group, 48% see a Harris victory as the most likely scenario, while 41% believe Trump will win. Fifty-six percent of respondents to the CNBC Fed Survey believe a Trump presidency would be better for the stock market than a Harris administration. The respondents also forecast that Harris' economic proposals would be better for budget deficits and trade policy. They gave higher marks to Trump for how his policy proposals would impact business regulation, inflation, jobs and taxes.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Joe Biden, Biden, Joel Naroff Organizations: White House, U.S, CNBC Fed, Biden, CNBC Fed Survey, Trump, Naroff Locations: Washington, Bedminster , New Jersey, United States

☆ Trump, who signed SALT deduction cap into law, now vows to 'get SALT back'
▼ + stars: | 2024-09-17 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Republican presidential nominee and former U.S. President Donald Trump attends a press conference at Trump National Golf Club, in Rancho Palos Verdes, U.S., September 13, 2024. Recent polls of the state mostly show Trump down by double digits against Democratic presidential nominee Kamala Harris. Asked for clarification on Trump's social media post, and specifically whether he is vowing to end the SALT cap he signed into law, the Republican's campaign did not provide a direct answer. The SALT cap and other tax provisions of the 2017 tax law are set to expire at the end of 2025. The nonpartisan Committee for a Responsible Federal Budget argues that repealing the SALT cap "would be costly, distortionary, and regressive."

Persons: Donald Trump, Kamala Harris, Trump, Karoline Leavitt, Harris Organizations: Trump National Golf Club, Trump, Republican, New, New York voters, Democratic, TRUMP, CNBC, Budget Locations: Rancho Palos Verdes , U.S, New York, Connecticut

☆ Intel, once a Silicon Valley star, has been floundering. Now it's mounting a turnaround.
▼ + stars: | 2024-09-17 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

During his tenure as CEO, Grove transformed the chip company into a giant of Silicon Valley that, during the 1990s, was as important to the PC market as Microsoft. Pat Gelsinger, who has led Intel as CEO since 2021, has enacted a sweeping set of new initiatives to turn the chip company around. Its Gaudi 3 AI chip, unveiled as a rival to offerings from Nvidia and AMD, is expected to generate just $500 million in sales this year. Meanwhile, Alvin Nguyen, senior analyst at Forrester, told Business Insider that this is a big public win for Intel. Gelsinger's second headline announcement was that the company is establishing Intel Foundry as a separate subsidiary within Intel, with its own new operating board and independent directors.

Persons: —, Andrew Grove, he'd, Grove, Grove —, Pat Gelsinger, Gordon Moore, Gelsinger, HWA CHENG, Patrick Moorhead, Moorhead, Alvin Nguyen, Forrester, Gelsinger's, It's, Forrester's Nguyen, Bernstein Organizations: Service, Microsoft, Intel, Business, Nvidia, Gaudi, AMD, Revenue, HWA, Getty, Amazon Web Services, Intel Foundry, Reuters Locations: Silicon, Japan, Moore's, AFP, Poland, Germany, Arizona , Oregon, New Mexico, Ohio

☆ Pizza Hut will print job seekers' resumes on pizza boxes and deliver to employers in 'the toughest job market'
▼ + stars: | 2024-09-17 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

Your next Pizza Hut delivery may come with a side order of employment. "Who could possibly ignore a resume when it is delivered as a delicious pizza?" Pizza Hut will then review the submissions and select 25 winners whose resumes will "be hand delivered via custom Pizza Hut ResZAme pizza box to their desired employers." If selected, applicants will be responsible for getting permission from their chosen company to deliver the pizza box resume. While Pizza Hut can't guarantee that the hot and cheesy resume will work, pizza has in the past been shown to be an attention grabber.

Persons: Pizza, Melissa Friebe, Friebe, Matthew Parkhurst, Parkhurst, There's Organizations: CNBC Locations: New York City, Pizza, New York, San Francisco and New York

New York officials released Monday forensic sketches and informational flyers about a possible new victim in the Gilgo Beach serial killings case, in an effort to identify them and get new leads in the roughly 20-year-old homicide. The remains of the victim, referred to as “Asian Doe,” were found in 2011 near the bodies of at least 10 others near Long Island, New York’s Gilgo Beach. Long Island architect Rex Heuermann, 61, was arrested last year in connection with the Gilgo Beach serial killings. Heuermann was initially charged with killing three women — Megan Waterman, Amber Costello and Melissa Barthelemy — and dumping their bodies near Gilgo Beach. Authorities previously disclosed that “Asian Doe” was wearing women’s clothing, but did not provide further details.

Persons: ”, Ray Tierney, Doe, 5’3 ”, Tierney, ” Tierney, “, Rex Heuermann, Heuermann, Megan Waterman, Amber Costello, Melissa Barthelemy —, — Maureen Brainard, Barnes, Jessica Taylor, Sandra Costilla —, Megan Waterman’s, “ We’re, Bill Blass, Shannan Gilbert Organizations: Attorney’s Office, Authorities, New York City Police Department, NBC Locations: York, Long Island, Suffolk County, Southern China, Gilgo Beach, Gilgo, Oak Beach

☆ Potential Tropical Cyclone 8 brings heavy rainfall to the Mid-Atlantic with millions under flood watch
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kathryn-Prociv.Jpg | Kathryn Prociv | ) www.nbcnews.com time to read: +3 min

An area of heavy rain and thunderstorms off the North Carolina and South Carolina coastlines Monday morning, designated Potential Tropical Cyclone 8 (or PTC 8 for short), is the next potential Atlantic system that may affect the continental United States. Meanwhile, Wilmington, North Carolina recorded a 60mph wind gust earlier on Monday morning. Minor storm surge of 1 to 3 feet is forecast from South Santee River, South Carolina to Oregon Inlet, North Carolina, and along the Neuse, Bay, Pamlico and Pungo Rivers in North Carolina. Six million people are under a Flood Watch from northeast South Carolina up through central North Carolina. For interior North Carolina 2 to 4 inches, with locally higher amounts up to 6 inches, could fall through Tuesday.

Persons: Hurricane Francine, Gordon Organizations: National Weather Service, Carolina, NOAA, North Carolina ., Flood Locations: North Carolina, South Carolina, United States, Charleston , South Carolina, Wilmington, Carolina Beach , North Carolina, Louisiana, Carolina Beach, Pan, , North Carolina, Wrightsville Beach , North Carolina, Wilmington , North Carolina, Charleston, Myrtle Beach, Carolina, Virginia , Maryland, Delaware , New Jersey, New York, South Santee River , South Carolina, Oregon, Pungo Rivers, Myrtle Beach , Wilmington , Cape Hatteras, Raleigh, Virginia

☆ Congressional Black Caucus PAC launches ad in swing New York district highlighting Trump's lie about Haitian immigrants
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Yamiche Alcindor | ) www.nbcnews.com time to read: +2 min

The district is one where Democrats hope to flip control from Republicans in their bid to take the majority of the House. The ad will target voters across the New York district, where Trump is scheduled to campaign this week. The effort is part of a nationwide push by the CBC PAC to reach Black voters in battleground congressional districts where it believes Black voters will be key to securing wins. Isn’t the American dream for us, too? Vote this November.”The ad ends with the narrator saying, “Remember, our unity is our strength.

Persons: WASHINGTON, Donald Trump’s, Trump, Black, Gregory Meeks, “, ”, Anthony D’Esposito, Laura Gillen Organizations: Congressional, Caucus Political, Congressional District, NBC News, CBC PAC, Black, “, Democratic Party, ”, Republican Rep, Democrat Locations: New York’s, Haitian, Haitian American, Haiti, Springfield , Ohio, New York, Uniondale , New York

☆ Intel shares jump on chip deal with Amazon
▼ + stars: | 2024-09-16 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Intel’s struggling chip-making business got a boost Monday from a high-profile client: Amazon. Intel Foundry and Amazon Web Services will coinvest in a custom chip design for the latter and “announced a multi-year, multi-billion-dollar framework,” according to a release. “Specifically, Intel Foundry will produce an AI fabric chip for AWS on Intel 18A,” Intel CEO Pat Gelsinger said in the statement Monday. The new deal, along with a $3 billion grant from the US government to boost domestic chip making and make chips for the US military, “demonstrates the continued progress we are making to build a world-class foundry business,” Intel said in the statement. Intel has changed its business model to try to become a global chip manufacturer to rival Taiwan’s TSMC.

Persons: New York CNN —, “, Pat Gelsinger, Gelsinger, Taiwan’s TSMC, It’s Organizations: New, New York CNN, Intel, Intel Foundry, Amazon Web, Qualcomm, Texas Instruments, Nvidia, AWS Locations: New York, Arizona , Oregon, New Mexico, Ohio, Germany, Poland

☆ Internal Amazon document spells out its new RTO rule forcing employees to work from an office 5 days a week
▼ + stars: | 2024-09-16 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +13 min

Read previewAn internal Amazon document details the company's new policy requiring corporate employees to work out of the office five days a week. AdvertisementThe internal "Frequently Asked Questions" document shared with employees describes how the new RTO policy will work. It has ended a policy that gave employees the option to work up to four weeks per year fully remote. Amazon provides a variety of commuter benefits and services to give employees flexibility for their commute to the office. AdvertisementWe will continue to work with employees with disabilities to identify the workplace accommodations/adjustments they need.

Persons: —, Andy Jassy, We've, Amazonians, you've, that's, I'm Organizations: Service, Monday, Business, Amazon, Puget Sound, Global Real, Design, Employees, IT Services Locations: U.S, Arlington, Europe, Americas

☆ Here are the stocks that win when the Fed cuts rates with no recession
▼ + stars: | 2024-09-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Fed funds futures have fully priced in that the central bank will lower interest rates, according to CME's FedWatch tool . Many now expect the Fed will achieve the coveted "soft landing" outcome, which means inflation is curbed without tipping the economy into a recession. Rate cuts without a recession has historically been a positive mixture for stocks. Given this backdrop, CNBC Pro screened for names that have performed nicely in past periods where the Fed pulled rates lower without the U.S. economy tipping into a recession. To find these companies, CNBC Pro searched the S & P 500 for members with the highest median gain one year after the Fed has cut rates without an official recession.

Persons: Genuity, LSEG, Paul Lejuez, WMT Organizations: Reserve, CNBC Pro, Nike, Dow Jones Industrial, Intel, Boeing, Walmart, Dow, Citi, Wall Locations: U.S, Rochester , New York

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