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☆ America’s Hot Labor Market Fuels Job Growth in Unexpected Places
▼ + stars: | 2023-07-01 | by ( Jeffrey Sparshott | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

CNN —A man with numerous firearms and materials to make an explosive was arrested Thursday in former President Barack Obama’s Washington, DC, neighborhood after claiming on an internet livestream that he had a detonator, law enforcement officials told CNN. Taylor Taranto, who had an open warrant for his arrest related to the January 6, 2021, US Capitol attack, was arrested by the Metropolitan Police Department and federal law enforcement. “There is no active threat to the community and this incident remains under investigation.”According to law enforcement officials, firearms and materials to make Molotov cocktails were found in Taranto’s car. There is currently no indication of a direct threat to the Obamas, law enforcement officials told CNN. In court filings related to the ongoing suit, Taranto admitted to being inside the Capitol during the attack, but denied any wrongdoing.

Persons: Barack Obama’s, Taylor Taranto, United States Capitol Police “, ”, Jason Bell, Jeffrey Smith, Taranto, Smith Organizations: CNN, Metropolitan Police Department, Team, United States Capitol Police, Terrorism Task Forces, MPD, Capitol, Capitol police Locations: Barack Obama’s Washington, DC, Taranto, ” Taranto

☆ Why chaos in Russia could spell trouble for the global economy
▼ + stars: | 2023-06-25 | by ( Mark Thompson | ) edition.cnn.com time to read: +6 min

On Saturday, a fellow global energy power, Qatar, expressed “great concern” about the situation in Russia. Any meaningful loss of Russian energy would force China and India to compete with Western nations for supplies from other producers. Libya and Venezuela provide cautionary tales of how civil war and internal political strife can savage energy exports. At just under 10 million barrels per day, it produces about 10% of global crude oil demand. It took a long time for the Russian oil industry to recover from that.

Persons: Vladimir Putin, “ Putin, ”, Jeffrey Sonnenfeld, Richard Bronze, Matt Smith, Kpler, —, Stern, Agustin Carstens, Brent, Moscow, “, Sonnenfeld, — Sarah Diab, Sharon Braithwaite, Alexandra Peers, Ramishah Organizations: London CNN —, ” Yale, CNN, Western, Energy, Bank for International, BIS, US Energy Information Agency, Council, Foreign Relations Locations: Ukraine, Russian, Moscow, Russia, China, India, Qatar, Americas, Europe, United States, Basel, Asia, Venezuela, Libya, Saudi Arabia, OPEC, Soviet Union, London, New York

☆ 42% of CEOs say AI could destroy humanity in five to ten years
▼ + stars: | 2023-06-14 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN Business —Many top business leaders are seriously worried that artificial intelligence could pose an existential threat to humanity in the not-too-distant future. Forty-two percent of CEOs surveyed at the Yale CEO Summit this week say AI has the potential to destroy humanity five to ten years from now, according to survey results shared exclusively with CNN. The business leaders displayed a sharp divide over just how dangerous AI is to civilization. While 34% of CEOs said AI could potentially destroy humanity in ten years and 8% said that could happen in five years, 58% said that could never happen and they are “not worried.”In a separate question, Yale found that 42% of the CEOs surveyed say the potential catastrophe of AI is overstated, while 58% say it is not overstated. The CEOs indicated AI will have the most transformative impact in three key industries: healthcare (48%), professional services/IT (35%) and media/digital (11%).

Persons: “, ”, Jeffrey Sonnenfeld, Sonnenfeld, Doug McMillion, James Quincy, Yale, Sam Altman, Geoffrey Hinton, Hinton, “ I’m, ” Hinton, Jake Tapper, Robert Oppenheimer, ” Sonnenfeld Organizations: New York CNN Business, Yale, Summit, CNN, Sonnenfeld’s, Leadership Institute, Walmart, Xerox, Google, Microsoft

☆ Bad news for the Fed: American workers are becoming less productive
▼ + stars: | 2023-06-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

But what does the Fed mean when it talks about labor markets and their impact on inflation? What’s happening: At its most basic level, labor productivity is a measure of the value of the goods and services produced by a company compared with the amount of labor used to produce that output. Labor productivity decreased 2.1% in the first quarter of 2023, the US Bureau of Labor Statistics reported earlier this month. The silver lining: The good news is technological innovations typically drive upturns in productivity and AI could be such an innovation. Absolutely not,” Yellen said, echoing the joint statement leaders from the Group of Seven made at last month’s summit in Japan.

Persons: Lisa Shalett, ”, Lisa Cook, Joseph Brusuelas, Sundar Pichai, aren’t, Jeffrey Sonnenfeld, Richard Blumenthal, “, Doug McMillon, Roger McNamee, Steven Spielberg, Vito Corleone, Janet Yellen, ” Yellen, Elisabeth Buchwald, Yellen, Biden Organizations: CNN Business, Bell, New York CNN — Federal Reserve, Morgan Stanley Wealth Management, Fed, Labor, US Bureau of Labor Statistics, BLS, McKinsey Global Institute, Federal, RSM US, of America, Google, Yale School, Management’s, Leadership Institute, Walmart, Technology, Financial, International Monetary Fund, Inter, American Development Bank group’s, African Development Fund, IMF Locations: New York, United States, Michigan, Connecticut, China, Japan

☆ A 'lifelong criminal' who told his wife — and a jury — that he had 'fun' on January 6 was sentenced to 6 years in prison for attacking cops
▼ + stars: | 2023-06-10 | by ( Associated Press | Chris Kaye | ) www.businessinsider.com time to read: +6 min

But the judge who sentenced Maly noted that most of his crimes date back to his 20s. Maly told US District Judge Amit Mehta that he regrets traveling to Washington and following the mob of then-President Donald Trump's supporters to the Capitol. It's that you did these things and kept doing them that day," the judge told him. Maly testified at his trial that participating in the Capitol riot was "fun" for him. The judge sentenced Schwartz last month to 14 years and two months in prison, the longest for a Jan. 6 case before Rhodes, and sentenced Brown in April to four years and six months in prison.

Persons: Markus Maly, Maly, —, Markus Maly's, Amit Mehta, Donald Trump's, they're, Stephen Rancourt, Stewart Rhodes, Joe Biden, Christopher Boyle, Rancourt, Peter Schwartz, Jeffrey Scott Brown, Schwartz, Brown, Rhodes, Benjamin Schiffelbein, Schiffelbein Organizations: Service, Justice, Maly, Prosecutors, Capitol, Trump, Republican, Democrat, Metropolitan Police, Associated Locations: Washington, Fincastle , Virginia, West Terrace

☆ Six Flags plans a summer 'strollerpalooza' to get families back to its parks
▼ + stars: | 2023-06-04 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Six Flags plans a "strollerpalooza" this summer to bring families back, The Wall Street Journal reported. Jeffrey Siebert of Six Flags Fiesta Texas said it had revamped designs and added kid-friendly rides. Speaking to The Wall Street Journal, Six Flags Fiesta Texas's president Jeffrey Siebert said the company was planning a "strollerpalooza" this summer, referring to plans to increase the numbers of families visiting its attractions. He also said he was trying to turn Six Flags customers from "the Kmart, Walmart to maybe the Target customers." Shares in Six Flags have fallen 62% over the past five years, leaving the company worth just over $2.2 billion.

Persons: Jeffrey Siebert of, —, Jeffrey Siebert, Siebert, Selim Bassoul Organizations: Street Journal, Service, Wall Street, Six Flags, Six, Kmart, Walmart Locations: Texas

☆ Behind Rise in Unemployment, Job Market Is Really Strong
▼ + stars: | 2023-06-02 | by ( Jeffrey Sparshott | Greg Ip | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Debt-Ceiling Deal Does Little to Change Direction of Federal Spending, Economy
▼ + stars: | 2023-05-30 | by ( Jeffrey Sparshott | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/debt-ceiling-deal-does-little-to-change-direction-of-federal-spending-economy-d613388

☆ Corporate executives need to start realizing risk in relation to China, says Hayman's Kyle Bass
▼ + stars: | 2023-05-30 | 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 EmailCorporate executives need to start realizing risk in relation to China, says Hayman's Kyle BassKyle Bass, Hayman Capital Management founder, and Jeffrey Sonnenfeld, Yale School of Management, joins 'Last Call to discuss the Chinese economy, U.S. business relations with China, and more.

Persons: Hayman's Kyle Bass Kyle Bass, Jeffrey Sonnenfeld Organizations: Hayman Capital Management, Yale School of Management Locations: China

☆ Watch CNBC's full interview with Jeffrey Sonnenfeld and Kyle Bass
▼ + stars: | 2023-05-30 | 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 Jeffrey Sonnenfeld and Kyle BassKyle Bass, Hayman Capital Management founder, and Jeffrey Sonnenfeld, Yale School of Management, joins 'Last Call to discuss the Chinese economy, U.S. business relations with China, and more.

Persons: Jeffrey Sonnenfeld, Kyle Bass Kyle Bass Organizations: Hayman Capital Management, Yale School of Management Locations: China

☆ How to Light an Outdoor Space Without Infuriating Your Neighbors
▼ + stars: | 2023-05-23 | by ( Tim Mckeough | ) www.nytimes.com time to read: +1 min

But don’t forget the one thing you really need for enjoying your outdoor space at night: outdoor lighting. “From a safety standpoint, lighting is pretty important, particularly if you have any grade changes or material changes,” said Daniel Nolan, a landscape designer in San Francisco. But maybe most important of all is the magical feeling that outdoor lighting conjures. “It just changes the mood,” said Jeffrey Salcito, the founder of the Brooklyn-based garden design firm Huntergreen. “Even if a space is very industrial, just adding string lights is going to instantly make it a more enjoyable space.”

Persons: ”, Stephen Eich, Hollander, “ We’re, Daniel Nolan, Jeffrey Salcito Locations: New York, San Francisco, Brooklyn

☆ DeSantis' undeclared presidential campaign may be allowing him to skirt campaign ethics rules
▼ + stars: | 2023-05-21 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

In the meantime, DeSantis has been flying all over for what looks a lot like campaign events. Experts told The New York Times his delay in formally announcing may be a way to avoid campaign finance rules. As he tests the waters for a presidential run, DeSantis has traveled across the country. The Times reported DeSantis has visited several other states, including other key primary states like South Carolina and Nevada. Many of DeSantis' trips have been arranged by a Michigan nonprofit called And To The Republic, which promotes conservative policies.

☆ Yes, a College Degree Is Still Worth It
▼ + stars: | 2023-05-20 | by ( Jeffrey Selingo | Matt Sigelman | ) www.wsj.com time to read: 1 min

☆ Air DeSantis: The Private Jets and Secret Donors Flying Him Around
▼ + stars: | 2023-05-20 | by ( Alexandra Berzon | Rebecca Davis O Brien | ) www.nytimes.com time to read: +1 min

Mr. DeSantis has aggressively navigated his state’s ethics and campaign finance laws to avoid flying commercial. (Mr. DeSantis says he is trying to address a security concern.) The nonprofit formed in late January as Mr. DeSantis was beginning to test the national waters and quickly became a critical part of his warm-up campaign. Navigating the LoopholesIt is unclear how Mr. DeSantis will account for the trips arranged by the nonprofit without running afoul of state ethics laws. Florida generally bars officeholders from accepting gifts from lobbyists or people, like Mr. Soffer, whose companies employ lobbyists — unless those gifts are considered political contributions.

☆ Gun-loving Texas, where most households own a firearm, has become an epicenter of mass shootings
▼ + stars: | 2023-05-17 | by ( Emma Tucker | ) edition.cnn.com time to read: +23 min

CNN and the GVA define a mass shooting as a shooting that injures or kills four or more people, not including the shooter. They argue that more firearms and higher gun ownership increases public safety – a stance that continues to be at odds with gun violence experts and data. The area around the Robb Elementary School signs has become a memorial dedicated to the victims of the May 24 mass shooting. Mass shootings are just a piece of that, and the strategies that we’re laying out will impact mass shootings. They’ll also impact a lot of other types of gun violence and that’s absolutely critical to saving lives,” Horwitz said.

☆ Watch CNBC’s full interview with TD Cowen president Jeffrey Solomon
▼ + stars: | 2023-05-17 | 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 TD Cowen president Jeffrey SolomonJeffrey Solomon, TD Cowen president, joins 'Squawk on the Street' to discuss markets, debt ceiling and regional banks.

☆ Banking fallout is a near-term dampener on the economy, says TD Cowen's Jeffrey Solomon
▼ + stars: | 2023-05-17 | 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 EmailBanking fallout is a near-term dampener on the economy, says TD Cowen's Jeffrey SolomonJeffrey Solomon, TD Cowen president, joins 'Squawk on the Street' to discuss markets, debt ceiling and regional banks.

A welder by trade, Schwartz was arrested in early February in his hometown of Uniontown, Pennsylvania. Schwartz and two co-defendants, Jeffrey Scott Brown and Markus Maly, became the first three individuals convicted at trial of assaulting police officers with pepper spray on Jan. 6. Schwartz's wife, Shelly Stallings, received a two-year prison term last month. His 170-month prison term surpasses the previous longest sentence yet handed down in a case related to the Jan. 6 attack - 10 years received by former New York City cop Thomas Webster for assaulting a Washington police officer that day. The Jan. 6 attack marked the most violent assault on the halls of Congress since the British invasion of Washington during the War of 1812.

☆ U.S. Trade With World Rose in March on Energy, Auto Shipments
▼ + stars: | 2023-05-04 | by ( Harriet Torry | Anthony Debarros | ) www.wsj.com time to read: 1 min

Imports declined 0.3% in March from the prior month, reflecting lower shipments of semiconductors, chemicals and cellphones and higher imports of consumer goods. Photo: Jordan Vonderhaar/Bloomberg NewsU.S. trade with the rest of the world increased in March as companies shipped more oil, natural gas and vehicles overseas and exported more products to China after it lifted Covid restrictions. Newsletter Sign-up Real Time Economics The latest economic news, analysis and data curated weekdays by WSJ's Jeffrey Sparshott. Preview SubscribeU.S. businesses also imported more consumer goods, but reduced imports of industrial supplies and capital goods. The trade figures aren’t adjusted for inflation and reflect both demand and price changes.

☆ Westinghouse announces a new small nuclear reactor — a notable step in the industry's efforts to remake itself
▼ + stars: | 2023-05-04 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +3 min

Westinghouse is offering a smaller-scale nuclear reactor in an effort to expand access to nuclear power as demand for clean energy soars. The company announced the launch of a small version of its flagship AP1000 nuclear reactor on Thursday. Small nuclear reactors are also being eyed by industrial producers as carbon-free sources of heat, Merrifield told CNBC. But an AP300 nuclear reactor will produce roughly the same amount of electricity as what a typical coal plant produces, so replacing one coal plant with a small nuclear reactor would be simpler. "We have absolute confidence, because the NRC has already licensed every bit of this technology," Durham told CNBC.

☆ False flag? Analysts says Russia 'likely staged' Kremlin drone attack it blamed on Ukraine and the West
▼ + stars: | 2023-05-04 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +9 min

Ukraine denied any involvement in the incident, with officials saying it more likely signaled that Russia was planning a large-scale terrorist attack against Ukraine in the coming days. The Kremlin went further in its accusations on Thursday, claiming that Washington had helped Ukraine to plot and orchestrate the drone attack. CNBC contacted the Kremlin for a response to claims that it was likely behind the drone attack itself. A view of the roof of Senate Palace of the Kremlin from Red Square on May 3, 2023 in Moscow, Russia. The Kremlin said the drone attack had taken place "on the eve of Victory Day, the May 9th Parade, at which the presence of foreign guests is also planned."

☆ Bob Iger strikes back: Disney sues DeSantis over control of its Florida resort
▼ + stars: | 2023-04-26 | 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 EmailBob Iger strikes back: Disney sues DeSantis over control of its Florida resortHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Jeffrey Sonnenfeld, Yale School of Management, and Kenneth Cuccinelli, Never Back Down founder, join the show to discuss the legal battle between Disney and Gov. Ron DeSantis.

New York CNN —Comcast said Monday it fired NBCUniversal CEO Jeff Shell after corroborating a female employee’s allegations of sexual harassment. An attorney representing CNBC anchor and senior international correspondent Hadley Gamble acknowledged Comcast investigated Shell because of her client’s complaint. After looking into the allegations, Comcast moved quickly to remove Shell, they said. But in a filing with the Securities and Exchange Commission, Comcast said it fired Shell due to allegations of sexual harassment. “Following a complaint that Jeffrey Shell, CEO of NBCUniversal, engaged in inappropriate conduct with a female employee, including allegations of sexual harassment, Comcast Corporation retained outside counsel to investigate the allegations,” the filing said.

☆ Melinda French Gates' former chief of staff, who cofounded a unicorn startup, says 'Do you have any questions?' is the most important interview question to nail. Here's how to answer it.
▼ + stars: | 2023-04-23 | by ( Jeffrey Spector | ) www.businessinsider.com time to read: +5 min

His top interviewing tip is to knock the "question" question out of the park. Job candidates are focused on giving the right answers. My top interviewing tip is to knock the "question" question out of the parkSometimes, job candidates say they don't have any questions. Can you prove that you did your due diligence and have the competencies needed in the job you're applying for? Interviewers want to see candidates think specifically about this sector, this organization, and this role.

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