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☆ Women who applied to Bill Gates' family office were reportedly grilled about their porn habits, if they had nudes on their phone, and other sensitive info that could open them up to blackmail concerns
▼ + stars: | 2023-06-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Some women who applied to jobs at Gates Ventures were asked sexual questions, The Wall Street Journal reported. A Gates Ventures spokesperson denied knowledge of the contractor's alleged questions, calling them "unacceptable." Concentric Advisors told the Journal that its screening process does not violate the law and is the same for male candidates. A Gates spokesperson denied it had any knowledge of any sexually explicit questioning in a statement to the Journal. At the time, a Gates spokesperson said the relationship was unrelated to Gates' decision to step down and the affair "ended amicably."

Persons: Bill Gates, they'd, Gates, Jeffrey Epstein, Epstein, Microsoft's, she'd Organizations: Gates Ventures, Street Journal, Street, Gates, Gates Venture, CIA, The, Microsoft Locations: Russian

☆ Women who applied to Bill Gates' firm were reportedly grilled about their porn habits, if they had nudes on their phone, and whether they had STDs
▼ + stars: | 2023-06-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Some women who applied to jobs at Gates Ventures were asked sexual questions, The Wall Street Journal reported. A Gates Ventures spokesperson denied knowledge of the contractor's alleged questions. Bill Gates' private office had a screening process in which the firm asked some female candidates sexually explicit questions, The Wall Street Journal reported on Thursday. A Gates spokesperson denied it had any knowledge of any sexually explicit questioning in a statement to the Journal. At the time, a Gates spokesperson said the relationship was unrelated to Gates' decision to step down and the affair "ended amicably."

☆ 10 Things in Tech: Digital nomad regrets, a longevity researcher’s morning routine, and sun activity
▼ + stars: | 2023-06-28 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

In case you missed it: This is the last week of 10 Things in Tech. The EV company only has six gigafactories across the world: Fremont, California; Sparks, Nevada; Berlin; Shanghai; Austin, Texas; and Buffalo, New York. Each location is outfitted with solar panels, and Musk claims 100 gigafactories could supply the world with all of its energy. My colleague Graham Rapier takes us into the world of Tesla's gigafactories and breaks down what their futures could look like. In a world of remote work, they're trying to pay people the least amount of money to get work done (think freelancers and contractors).

Persons: I'm, Siu, let's, Elon Musk, Graham Rapier, gigafactories, Tyler Le, Allbirds, M0.0nshot, Gigi Chow, Elon Musk's, Walter Isaacson, it's, David Sinclair, Lewis Joly, cardiologists, Eid Mubarak, Diamond Naga Siu, Alistair Barr, Hallam Bullock Organizations: it's, EV, Employers, Paris Air, Storm Shadow, Interactive Entertainment, Tencent Locations: Tech, Fremont , California, Sparks , Nevada, Berlin, Shanghai, Austin , Texas, Buffalo , New York, Silicon, San Francisco, Croatia, Dubrovnik, Harvard, Le Bourget, Paris, France, Ukraine, New York, Florida, Barcelona, Spain, San Diego, Silicon Valley, London

☆ Fed Chair Powell: Not ruling out back-to-back rate hikes
▼ + stars: | 2023-06-28 | by ( Bryan Mena | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —Federal Reserve Chair Jerome Powell doubled down Wednesday on the hawkish view that the central bank isn’t done tamping down inflation, and could even implement consecutive rate hikes at its upcoming monetary policy meetings. An often-cited paper by former Fed chair Ben Bernanke argued that the labor market has had a minor, but persistent, impact on inflation that can only be remedied by the economy slowing further. That makes a case for more rate hikes. The labor market has held remarkably steady in recent months, routinely bucking expectations. Employers added a robust 339,000 jobs in May, while the unemployment rate ticked up to a still-low 3.7% that month.

Persons: Jerome Powell, ” Powell, haven’t, Powell, Ben Bernanke Organizations: DC CNN — Federal, European Central Bank Locations: Washington, Sintra , Portugal

☆ Gay male couples face more challenges, higher costs to start a family
▼ + stars: | 2023-06-23 | by ( Courtney Reagan | ) www.cnbc.com time to read: +9 min

watch nowWhy gay male couples face higher costsAlon Rivel, left, with his family. Gay male couples typically face a more expensive journey, as surrogacy or adoption are their primary choices. Employer fertility benefits offer limited helpMore employers are starting to offer fertility benefits, often through a specialized fertility benefits manager like Kindbody, Carrot, Progyny or Maven. But while more companies are offering fertility benefits, many of these packages are limited when it comes to covering what's needed to build families with non-traditional methods. At Rivel's insistence, he asked his human resources department to look into including surrogacy benefits.

Persons: Alon Rivel, Alon Rivel Alon Rivel, Rivel, Betsy Campbell, Maven, Will Porteous, Doug, Walter ., Porteous, Progyny's, Pete Anevski, Tammy Sun, Taryn Branca, they'll, Anevski, it's, Resolve's Campbell, Hanna, Stephen Hanna, Bret Shuford, Maverick Organizations: International Foundation of Employee, Equality, Mercer, Maven, Beam Therapeutics, Child Welfare Locations: Arlington , Massachusetts, U.S, Wynnewood , Pennsylvania, West, Massachusetts

☆ Americans’ buying power rose for first time since March 2021 amid falling inflation
▼ + stars: | 2023-06-22 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Images By Tang Ming Tung | Digitalvision | Getty Images"This is clearly a function of inflation starting to come down," Terrazas said. 'Unprecedented' pay jumps during pandemicWage growth started to spike in 2021 as workers enjoyed the benefits of a hot job market. In some cases, workers' pay growth was strong enough to outrun inflation's impact — especially for those who quit their jobs for higher-paying gigs elsewhere. Meanwhile, wage growth has also declined but at a slower pace — translating to a net boost to Americans' financial well-being in May relative to last year. These data sets are more inclusive than that of wage growth.

Persons: Tang Ming Tung, Terrazas, Julia Pollak, Pollak, Mark Zandi, Aaron Terrazas, Zandi Organizations: ZipRecruiter, CPI, . Bureau, Moody's, Federal Reserve Bank of New Locations: U.S, Federal Reserve Bank of New York

☆ How can your college GPA help you get a job? 4 tips from a hiring expert
▼ + stars: | 2023-06-15 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +3 min

As companies move to a more holistic hiring process, they are broadening their scopes beyond college grades, Monster Career Expert Vicki Salemi tells CNBC Make It. That said, GPAs do come up in the hiring process and might be requested by some companies as they vet candidates. For those new to navigating the job market, Salemi shares four tips for how to approach your college GPA in the professional world. Even companies that want to know are focused on much more in the hiring process, though, Salemi says. "I basically only ask my candidates about their GPA within 5 years of graduating.

Persons: Vicki Salemi, Salemi Organizations: CNBC, Employers, Companies

But while the Fed in 2019 was asking "'is this as strong as the labor market can get?' Fed rate hikes could have "very significant, uneven short-term impacts" on the job market. So far headline payroll employment growth remains strong. Reuters Graphics Reuters GraphicsWANTING IT BOTH WAYSFor now, though, the Fed might mark the pandemic labor rebound as essentially complete, despite the risks. The economy needs to create about 100,000 payroll jobs a month to keep pace with population growth.

Persons: Bryan Woolston, Michael Madowitz, Raphael Bostic, Trump, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Kentucky, Center, REUTERS, . Federal Reserve, Washington Center for Equitable, Reuters Graphics Reuters, Bureau of Labor Statistics, Atlanta Fed, BLS, American Progress, White House Council, Economic Advisers, Thomson Locations: Frankfort , Kentucky, U.S, Bryan Woolston WASHINGTON, COVID

☆ Third Point Real Estate's managing partner said it's 'a foolish debate' to say the office market will fail
▼ + stars: | 2023-06-11 | by ( Al Yoon | ) www.businessinsider.com time to read: +9 min

Frank Scavone, managing partner of Third Point Real Estate Strategies, said offices aren't dead. Frank Scavone, the managing partner of Third Point Real Estate Strategies, told Insider he's up for the challenge. But are there opportunities now for investors like Third Point Real Estate Strategies? What's going to happen with all the commercial real estate debt coming due in this higher interest rate environment? And let's not forget about the more than $300 billion in dry powder aimed at North American commercial real estate investment.

Persons: Frank Scavone, Scavone, Daniel Loeb's, —, Trepp, CBRE, That's, San Francisco — Organizations: Service, Third Point, Hedge, CBRE, downtown, Employers, North Locations: San Francisco, downtown San Francisco, Marin County, York, multifamily, New York City

☆ Portugal just launched a 'government-funded' 4-day workweek trial
▼ + stars: | 2023-06-06 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Portugal is the latest country to experiment with a four-day workweek, and businesses are getting an assist from the government. Businesses say they want to see if a shortened workweek will help reduce employee stress and burnout, and in turn improve worker retention. Researchers also hope to track the economic, social and environmental implications of a four-day business week in Portugal. Although no country has fully adopted a four-day workweek, trials have run in South Africa, Belgium, Iceland, Japan and elsewhere. Check out: Congressman wants to make 32-hour workweek U.S. law to ‘increase the happiness of humankind’

Persons: Kelly Evans Organizations: Employers, OECD, University of London, University of Reading, Borders Service, European Union, European, Area Locations: Portugal, Portuguese, United Kingdom, Ireland, U.S, South Africa, Belgium, Iceland, Japan

[1/2] A tug boat pushes an oil barge through New York Harbor past the Statue of Liberty in New York City, U.S., May 24, 2022. WTI was headed for its highest close since May 26 and Brent on track for its highest close since May 29. Open interest in futures contracts rose on Thursday to the highest since July 2021 for Brent and March 2022 for WTI. Oil traders have turned their attention to the June 4 meeting of OPEC+, the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia. On the demand side, manufacturing data out of China, the world's second biggest oil consumer, painted a mixed picture.

Persons: Brendan McDermid, Brent, WTI, Baker Hughes, Craig Erlam, Erlam, Shadia Nasralla, Andrew Hayley, Susan Fenton, Kirsten Donovan, David Gregorio Our Organizations: REUTERS, Congress, YORK, U.S, . West Texas, WTI, Senate, U.S . Federal Reserve, Organization of, Petroleum, Thomson Locations: New York Harbor, of, New York City, U.S, Russia, OPEC, Saudi, Saudi Arabia, China, Shanghai, Shenzhen, London, Beijing

☆ Jobs Report Today: Dow Futures Rise Ahead of Monthly Employment Data
▼ + stars: | 2023-06-02 | by ( ) www.wsj.com time to read: +1 min

Stock futures are edging higher after the Senate voted to raise the debt limit , averting a default. Meantime, investors are awaiting Friday's jobs report , due at 8:30 a.m. The Labor Department’s employment report has consistently topped expectations in recent months. Futures for the Dow and S&P 500 futures both rose 0.5%, asdid contracts tied to the tech-heavy Nasdaq-100. Futures for Brent crude, the global oil benchmark, wavered around $75 a barrel ahead of Sunday’s OPEC meeting.

Persons: Biden, Hang Seng Organizations: Treasury Department, Labor, Dow, Nasdaq, Employers, Treasury, Overseas, Nikkei, Brent Locations: Europe

☆ When to teach kids about money, according to the experts — and how to do it
▼ + stars: | 2023-06-02 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

Knowing how and when to start teaching to kids about money and identifying what money skills they need can be tricky, but experts say it is crucial for their futures. MoMo ProductionsKnowing how and when to start teaching kids about money and identifying what skills they need can be tricky. Ultimately, boosting your kid's financial confidence is crucial, experts say. When to teach money skills to kidsIt's clear how important the conversation about money truly is. Wunder said six is the age where kids start being able to grasp some money concepts.

Persons: Susan Hirshman, Hirshman, Seth Wunder, Eric Landolt, Wunder, it's, Landolt Organizations: Schwab Wealth Advisory, CNBC, Employers, UBS Global Wealth Management

☆ The job market held up in May. But the Fed may have already decided to pause
▼ + stars: | 2023-06-02 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington, DC CNN —The US labor market picked up momentum in May, once again defying expectations of a slowdown. Many economists, including those at the Fed, still expect a recession later in the year. The labor market and signs of future disinflationThe May jobs report mostly showed that the labor market held up. Some top economists have argued that the strong labor market has had a minor, albeit growing, impact on inflation. Hawkish Fed officials still think the Fed’s job isn’t done.

Persons: That’s, Joe Biden’s, ”, Philip Jefferson, Patrick Harker, “, ” Harker, It’s, ” Julia Pollak, ZipRecruiter’s, you’ve, you’d, Dave Gilbertson, hasn’t, Ben Bernanke, ” Jack Macdowell, Louis President James Bullard, Bullard, Louis Fed’s, Louis, Jerome Powell, there’s, Ian Shepherdson, Eugenio Alemán, Raymond James Organizations: DC CNN, Federal, Fed, Federal Reserve Bank of Philadelphia, National Association for Business Economics, CNN, Employers, of Labor Statistics, BLS, UKG, The Palisades Group, Hawkish Fed, Federal Reserve Bank of St, Louis Fed, Pantheon Locations: Washington, Washington ,

☆ A woman who works out of a tiny home and gets weekly massages at the office says her job has 'all the perks'
▼ + stars: | 2023-06-01 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +4 min

In January, Kylie Goodwin, who works in accounting, posted a TikTok video of offices in tiny homes. Goodwin said the workspaces within the tiny homes are just one of the perks of working there. An FHS employee responded by email to Insider's request for comment about the tiny homes but didn't provide more detail. Tiny homes are all the rage right now, from handcrafted luxury models that are over $175,000 to tiny homes sold on Amazon that cost a few thousand dollars. "My job has all the perks," Goodwin wrote.

Persons: Kylie Goodwin, Goodwin, —, Kylie Goodwin —, FHS, commenter Organizations: Service, FHS Property Management, Home Solutions, FHS Locations: Missouri, Springfield , Missouri

☆ The ‘great resignation’ — a trend that defined the pandemic-era labor market — seems to be over
▼ + stars: | 2023-05-31 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Quits started to surge in early 2021 as Covid-19 vaccines rolled out to the masses and the U.S. economy started to reopen. Business' demand for workers outstripped the supply of people looking for a job, giving workers an unprecedented amount of power in the labor market. We are much closer to the labor market we had in 2019, which was hot but not overheating. Conditions are still favorable for job seekersIt's unclear if the labor market will cool further from here. While quits and job openings told different labor market stories in April, quits are generally a less volatile and more reliable indicator, economists said.

Persons: Quits, Julia Pollak, Pollak, Daniel Zhao Organizations: Getty Images Workers, Business, Employers, Glassdoor, Federal, BLS Locations: U.S

☆ A Whataburger in Texas fired a nursing mother for leaving the restaurant to express breast milk, the Labor Department says
▼ + stars: | 2023-05-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

A Texas Whataburger didn't provide reasonable break time for an employee to express breast milk, the DOL said. When the nursing mother left the premises to express milk, the company fired her, the DOL said. Employers have to give staff reasonable break time to express milk for a year after the child's birth. The corporate-owned restaurant in Lubbock, northwest Texas, failed to provide reasonable break time for the employee to express breast milk, the DOL said. And when she did leave the premises to express milk, the company terminated her, the DOL said.

But in the last few years, increasing pay transparency has become a common cause for young workers, anti-discrimination advocates, and, increasingly, state legislators. But employers in states with transparency laws make up for it by imposing informal rules that prevent employees from talking about pay. If the "new norm" of salary transparency had supplanted the old taboo, then we'd expect a large majority to chafe under outdated restrictions against discussing pay. Strong support for managers in general appears to translate into strong support for managerial approaches to pay secrecy or transparency. If salary transparency is actually going to become the "new norm," it will clearly require more than our existing set of state laws.

☆ Get the Best From ChatGPT With These Golden Prompts
▼ + stars: | 2023-05-25 | by ( Brian X. Chen | ) www.nytimes.com time to read: 1 min

Welcome back to On Tech: A.I., a pop-up newsletter that teaches you about artificial intelligence, how it works and how to use it. A few months ago, my colleagues Cade Metz and Kevin Roose explained the inner workings of A.I., including chatbots like OpenAI’s ChatGPT, Microsoft’s Bing and Google’s Bard. People from all walks of life — students, coders, artists and accountants — are experimenting with how to use A.I. to streamline and improve your work and personal life. As The Times’s personal tech columnist, I’m here to help you figure out how to use these tools safely and responsibly to improve many parts of your life.

☆ Former Fed Chair Bernanke argues economy must slow further to bring down inflation
▼ + stars: | 2023-05-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Inflation has cooled in the past several months, according to the Fed’s preferred inflation gauge and the Consumer Price Index, though some Fed officials have said that it’s not cooling fast enough. Indeed, the labor market remains on strong footing. “Overheating in the labor market has played a minor role but an increasing one over time. Overall inflation crept up throughout that year, then the Fed began to raise interest rates in March 2022 from near zero. Despite the failures of three regional banks since March, the Fed still raised interest rates two more times during that period.

Persons: Ben Bernanke, ” Bernanke, Olivier Blanchard, Blanchard, they’re, Mary Daly, ” Daly, isn’t Organizations: DC CNN, Former Federal, Fed, International Monetary Fund, Brookings Institution, Federal Reserve Bank of San Locations: Washington, Washington ,, Federal Reserve Bank of San Francisco

☆ Cross-border payroll is complicated — and risky. From tax and labor laws to forex and banking regs, here's what you need to know.
▼ + stars: | 2023-05-22 | by ( Sponsor Post | Created Papaya With Insider Studios | ) www.businessinsider.com time to read: +17 min

The challenges and complexities of cross-border payroll paymentsCross-border payroll payments can present several challenges and complexities for employers. Banking systemsSome countries have a less developed banking system, which can make the process of cross-border payroll payments more complex. Cons:Limited acceptance: In some countries, payroll cards may have limited acceptance, making them less attractive as a cross-border payroll payment method. The role of technology in streamlining the process of cross-border payroll paymentsMost payroll companies outsource the delivery of payroll payments. Manage cross-border payroll payments effectivelyAdopting a dedicated technology for global payroll payments — like Papaya Global — can make the process of paying your global workforce faster, smoother, and more reliable.

Persons: paychecks, Banks Organizations: Mastercard, Employers, Global, McKinsey Global, Insider Studios Locations: Canada, New York, India, United States, Belgium

CNN —One of the most prominent Latino advocacy groups in the United States is urging people to avoid traveling to Florida ahead of a new immigration law that’s set to go into effect in July. Ron DeSantis’ expected presidential bid announcement, he signed a law last week requiring employers with more than 25 employees to check their immigration status using a federal database known as E-Verify. Employers who don’t comply with the law face fines of $1,000 per day until they provide proof that their workers are legal citizens. People who transport undocumented people living in the United States could face steep fines and possible imprisonment. “Laws like this, that do nothing more than harass immigrants, are bad for a state’s economy.” said Lydia Guzmán, who leads LULAC’s immigration committee, on Wednesday.

☆ Federal Reserve officials are growing skeptical over suspending rate hikes
▼ + stars: | 2023-05-19 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Some officials are concerned inflation isn’t cooling fast enough, which could prompt an 11th consecutive rate hike when policymakers meet in June. Federal Reserve Board Chair Jerome Powell and former Federal Reserve Board Chair Ben Bernanke (R) participate in a discussion at the Federal Reserve Board building in Washington, DC, May 19, 2023. Saul Loeb/AFP/Getty ImagesEarlier this month, Fed officials voted unanimously to raise the benchmark lending rate by a quarter point to a range of 5-5.25%, while signaling a possible pause ahead. Of course, Fed officials’ thinking on monetary policy could drastically change if the United States defaults on its debt, which could happen as soon as June 1. Fed officials always mention that their views on interest rates largely depend on what economic indicators show, resisting taking an absolute stance on how they will vote.

INVESTMENT HELPSThe company based in Hove on Britain's south coast was one of 61 firms - most with 25 or fewer employees - to take part in the world's biggest four-day week trial last year. The experience of some companies in the first trial suggests that moving to a four-day week might help, if it prompts firms to spend more on equipment and training. It piloted a four-day week for its 80 New Zealand staff over 18 months, and has since extended it to 500 workers in Australia, a move it hopes will attract new talent. British recruitment agency Reed.co.uk said it had seen a rise in the number of job advertisements offering a four-day week since the start of the year. Allcap, a supplier of industrial components with 36 employees in western England, tried a four-day week after its staff had worked flat out during the pandemic to supply protective equipment and ventilator parts.

☆ A Florida sushi restaurant has repaid staff $262,000 after it made servers share their tips with owners and managers, the Labor Department says
▼ + stars: | 2023-05-15 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

A Fort Myers restaurant made its 75 servers share their tips with its chefs, owners, and managers, the DOL said. The sushi restaurant repaid staff $262,000 after the DOL uncovered a number of labor-law violations. The restaurant's manager told The Fort Myers News-Press that it was "all cleared up now." Ginza Japanese Restaurant in Fort Myers made its 75 servers share their tips with its chefs, owners, and managers, the US Department of Labor said in a press release. Under the Fair Labor Standards Act, employers are not allowed to require their staff to share their tips with supervisors, managers, and business owners.

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