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☆ The chief strategist at Citi Global Wealth shares his top growth investments for a resilient economy in 2024 — including his highest-conviction commodity that will triple its demand by 2030
▼ + stars: | 2024-02-07 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Inflation was certainly severe and very troubling for markets, but ultimately its sources were transitory, Wieting said. As other energy-based companies and commodities grapple with a transition to clean energy, copper is expected to reap the benefits. The transition to clean energy and the move toward electric vehicles means demand for copper will triple by 2030, according to Citi Global Wealth's 2024 outlook. He believes the Magnificent Seven will be a strong part of the economy going into 2024 once again. Therefore, investors should look for opportunities in mid-cap growth or those within the S&P 400, the benchmark for the US mid-cap stocks.

Persons: Steven Wieting, Wieting Organizations: Federal, Citi Global Wealth, Business, Housing, Citi Global

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Persons: You've, It's, You'll, We'll, you'll Organizations: Business, Venture, Business †, you've, Ink, Chase Travel, FDIC, Express, American Express, Dell Technologies, Adobe, American, Capital, One, Amex, FedEx, Grubhub, Supply, Walmart, Best, Dell, Air Canada Aeroplan, British Airways Executive Club, Marriott Bonvoy, Chase, Finance, — Locations: AmexTravel.com, U.S, Chevron

☆ Hosting the Super Bowl could be a $1 billion jackpot for these 4 cities
▼ + stars: | 2024-02-04 | by ( Cork Gaines | ) www.businessinsider.com time to read: +2 min

The estimated economic impact of recent Super Bowls in host cities has surged to over $1 billion. AdvertisementThe Super Bowl is heading to Sin City for the first time, and a lot of money is coming with it. The city typically sees about $300 million in gross economic impact during Super Bowl weekends. But this isn't the first time a Super Bowl has brought billions to a host city. According to Applied Analysis, this year's Super Bowl is expected to create 6,433 new jobs and $282 million in salaries and wages.

Persons: —, Jeremy Aguero, Aguero Organizations: Vegas, Service, Las, Las Vegas Convention, Visitors Authority, Business, Super, Arizona State University Locations: Sin City, Las Vegas, Vegas, Glendale , Arizona

☆ Can groundhogs or other animals predict the weather?
▼ + stars: | 2024-02-02 | by ( Jackie Wattles | ) edition.cnn.com time to read: +8 min

CNN —Punxatawney Phil, the central character of the annual rite of winter known as Groundhog’s Day, isn’t great at his job. Education Images/Universal Images Group/Getty ImagesThe Old Farmer’s Almanac has aggregated a couple dozen adages about insects, animals and their ability to predict weather patterns. Researchers in Germany also looked into whether various species of animals could detect an oncoming earthquake. Fact vs. folkloreOther tropes about animals’ ability to predict seasonal conditions, however, are wrong. But in reality, the “caterpillar’s coloring is based on how long (the) caterpillar has been feeding, its age, and species,” according to the National Weather Service.

Persons: CNN —, Phil, isn’t, Theresa Crimmins, phenology, ” Crimmins, “, ”, it’s, Max, Gordon Miller, ” Miller, Crimmins, Miller, Rachel Carson Organizations: CNN, National Phenology, United States —, USA National Phenology Network, University of Wisconsin -, Max Planck Society, Dolbear’s, Oceanic, Administration, Seattle University, National Weather Service Locations: United States, Germany, University of Wisconsin - Madison, North America, Mendota Heights , Minnesota, Tennessee

☆ Men benefit more from their looks at work than women do, new research shows
▼ + stars: | 2024-02-02 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

New research upends the trope that women use their looks to get ahead in their careers, showing that men actually reap greater benefits from being attractive in the workplace. A recent study of more than 11,000 Americans conducted over 20 years has found that good-looking men are more likely to attain better jobs and make more money than similarly attractive women. Alexi Gugushvili and Grzegorz Bulczak recorded participants' demographic information and socioeconomic status, then asked volunteers to rate the participants' physical attractiveness on a 4-point scale: Very attractive, attractive, unattractive, and very unattractive. Even with potential obstacles like coming from a low-income household or growing up in a dangerous neighborhood, attractive men still managed to achieve upward mobility. Good-looking women had a slight advantage in their careers over other women deemed less attractive, but men saw the greatest benefits from their physical appearance, according to the report.

Persons: Alexi Gugushvili, Grzegorz Bulczak, Bulczak, it's Organizations: University of Oslo, Polish Academy of Sciences, Adolescent Health

☆ Bitcoin could stay rangebound for several weeks more but Solana is poised for a breakout, says Wolfe Research
▼ + stars: | 2024-02-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin investors have high hopes for 2024 given the cryptocurrency's almost too-good-to-be-true setup , but they may have to wait a few weeks more for its next big ascent, according to Wolfe Research. BTC.CM= 1M mountain Bitcoin ended the month of January flat and is poised for more weakness, says Wolfe Research. "A breakout does not look likely in the near term. "Solana and other altcoins have come on strong in recent months and likely continue that outperformance near term." Ginsberg said the tokens tied to Cardano and Avalanche are also set to rise in the near term, and Chainlink could be poised for a breakout.

Persons: bitcoin, Wolfe, it's, Rob Ginsberg, Solana, Ginsberg, We're, they're, — CNBC's Michael Bloom Organizations: Wolfe Research, Solana, Securities and Exchange Commission, Avalanche Locations: U.S, bitcoin

A trio of lawsuits filed in state court in Las Vegas seek unspecified damages from TikTok, Snapchat and Meta Platforms, the owner of Instagram, Facebook and Messenger, on claims including deceptive trade practices and negligence. The lawsuits were filed just ahead of testimony in Congress on Wednesday by top executives of Meta, TikTok, Snap Inc. and other platforms. John Sadler, a spokesperson for Ford, declined to say whether the Nevada lawsuits were timed to coincide with the congressional hearing. But Sadler acknowledged the decision to file the cases in state court instead of joining other states in federal court follows a path the state took in opioid damages claims. “Social media platforms are a bottomless pit where users can spend an infinite amount of their time,” Nevada said in the Snapchat complaint.

Persons: Aaron Ford, Michael Hughes, “, Ashley Adams, ”, Meta, Mark Zuckerberg, Republican Sen, Josh Hawley's, ” Zuckerberg, John Sadler, Sadler, Snapchat, Mike Brooks Organizations: LAS VEGAS, —, Facebook, Meta, Inc, Republican, Ford, Democrat, Little, “ Locations: Las Vegas, TikTok, Nevada, California, Las Vegas , Dallas, Little Rock , Arkansas, ” Nevada

☆ Lenders are bailing out of commercial real estate as a wave of debt builds
▼ + stars: | 2024-01-30 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

Roughly $2.1 trillion of debt connected to commercial real estate assets, including office properties, apartment buildings, hotels, and retail spaces, will come due between now and the end of 2025 in the US, according to the real estate services firm JLL. The wave of maturities and the enormous equity shortfalls have raised concerns that a growing number of commercial real estate debts will fall into distress, forcing banks and other lenders to suffer losses. His group tracked about $15 billion of commercial property debt sales during the year, roughly three times the volume from 2022. Commercial real estate loans differ from residential mortgages taken by homeowners in that most are interest-only or pay down their principal balance minimally and span a decade or less. More banks are exploring loan salesBanks and other lenders generally aren't eager to seize the real estate assets that collateralize their debt.

Persons: Jerry, Stephen Scouten, Piper Sandler, it's, Kevin Aussef, Aussef, David Tobin, Marcus, Millichap, Synovus, Tobin, David Frosh, they're, Frosh, Fitch, David Blumberg, we'd, Blumberg, Daniel Geiger, Rob Verrone, Banks, You've, Bliss Morris, Morris Organizations: Amerant Bank, Business, Banking, CIBC, Mission, PacWest, HSBC, Fidelity, Funding Inc, Blackstone, Bloomberg, Broadway, Aon Center, 601W Companies, Iron Hound Management, First Financial Locations: Coral Gables , Florida, Houston, Canadian, Brookfield, Los Angeles, Columbus, Manhattan, Midland, Chicago, Oklahoma City, New York

☆ These smaller stocks could see big gains in 2024, Bank of America says
▼ + stars: | 2024-01-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Against this backdrop, Bank of America on Monday released a list of best small- and mid-cap ideas for 2024. Strategist Jill Carey Hall added that this year's basket of 31 stocks has average 12-month potential upside of 29%, and is slightly tilted towards value stocks over growth. Shares of Bath & Body Works have trailed the market, rising 2.4% in 2023 and 0.4% so far in 2024. Bank of America also named United Airlines one of its top SMID ideas for 2024. Other names on Bank of America's list of SMID picks included e-commerce retailer Wayfair and aircraft leasing company Air Lease .

Persons: That's, Russell, Jill Carey Hall, Lorraine Hutchinson, Hutchinson, BofA, Geoff Meacham, Lou Gehrig's, Meacham, CyberArk, Tal Liani, Liani, Max, Andrew Didora, UAL, Didora, — CNBC's Michael Bloom Organizations: Wall, Bank of America, Monday, Body, Pharmaceuticals, TAM, United Airlines, Boeing, Bank of, Air Lease Locations: U.S, Amylyx, cybersecurity, CY26, Chicago

☆ Private Equity Is Starting to Share With Workers, Without Taking a Financial Hit
▼ + stars: | 2024-01-28 | by ( Lydia Depillis | ) www.nytimes.com time to read: +1 min

In 2018, Anna-Lisa Miller was working with agricultural cooperatives in Hawaii, helping them reinvest in their communities through shared ownership. Then she came across an investor presentation from a different universe: KKR, one of the world’s largest private equity firms. In it, a KKR executive, Pete Stavros, discussed a model he had been developing to provide employees with an equity stake in companies it purchased, so the workers would reap some benefits if it was flipped for a profit. By that time, Mr. Stavros had decided to start an organization to promote his model more broadly, hoping to reach the 12 million people who work for companies that private equity firms own. Ms. Miller saw it as a way to move much faster.

Persons: Anna, Lisa Miller, Miller, Pete Stavros, Stavros Organizations: Project Equity, KKR, KKR doesn’t Locations: Hawaii

☆ Spotify CEO Daniel Ek says Apple's new App Store changes are a 'new low'
▼ + stars: | 2024-01-27 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Spotify chief executive Daniel Ek is unhappy about Apple's proposed App Store changes . Spotify chief executive Daniel Ek said in an X post on Friday that Apple's changes represent a "new low, even for them." Under Apple's new changes, apps with over one million downloads will need to pay a "core technology fee" for "each first annual install per year." Apple's App Store change not only falls short of that ideal, but "mocks the spirit of the law and the lawmakers who wrote it," Ek said. AdvertisementThe good news for him is that Apple's new changes aren't set in stone until they pass muster with the EU.

Persons: Daniel Ek, Apple's, Apple, Ek, —, — Daniel Ek, he's, doesn't Organizations: Spotify, Service, Apple, Digital, EU, European Union

☆ Pakistan accuses India of extrajudicial killings on its territory
▼ + stars: | 2024-01-26 | by ( Sophia Saifi | Rhea Mogul | ) edition.cnn.com time to read: +3 min

CNN —A top Pakistan official on Thursday accused India of killing two Pakistani nationals on its soil, citing what he called “a pattern” of alleged Indian assassination plots overseas and raising tensions between the two nuclear-armed rivals. India has long accused Pakistan of harboring terrorists, particularly in the disputed and heavily militarized region of Kashmir, which both countries claim in its entirety. Qazi on Thursday compared the alleged killings in Pakistan to other purported recent Indian assassination plots in North America. India and many other countries have publicly warned Pakistan cautioning that it would be consumed by its own culture of terror and violence,” MEA spokesperson Randhir Jaiswal said. The Indian government has denied involvement in the American and Canadian cases and has set up a high-level committee to investigate the accusations in the US.

Persons: Muhammad Syrus Sajjad Qazi, Muhammad Riaz, Shahid Latif, ” Qazi, –, Qazi, “, Randhir Jaiswal, Justin Trudeau Organizations: CNN, Pakistan, India’s, External Affairs, Canadian, American Locations: Islamabad, Pakistan, Kashmir, Sialkot, New Delhi, India, North America, Canada, United States, American

☆ British billionaire Joe Lewis pleads guilty to U.S. insider trading charges
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: +3 min

British billionaire Joe Lewis pleaded guilty to U.S. insider trading charges on Wednesday, and apologized to a judge for his conduct. Lewis, 86, pleaded guilty to one count of conspiracy to commit securities fraud and two counts of securities fraud, as part of an agreement with the U.S. Attorney's office in Manhattan. Addressing U.S. District Judge Jessica Clarke, Lewis said he knew at the time that what he was doing was wrong. Lewis was charged by federal prosecutors with 16 counts of securities fraud and three counts of conspiracy, for alleged crimes spanning from 2013 to 2021. While Lewis will not plead guilty to the other counts under the terms of his deal, Clarke said she may consider them for sentencing purposes.

Persons: Joe Lewis, David Zorno, Valerie Figueredo, Lewis, David Zornow, Jessica Clarke, Patrick O'Connor, Bryan Waugh, Clarke, Damian Williams Organizations: U.S, Tottenham Hotspur, Tavistock Group, Forbes, Aviva, Prosecutors, Mirati Therapeutics, BCTG, Tango Therapeutics, Manhattan U.S Locations: Manhattan, New York City, United States, New York , Florida, Georgia, Mirati

☆ I moved across the country when my son was 21, injured, and still needed me. It was the best decision for both of us.
▼ + stars: | 2024-01-21 | by ( Melissa Drake | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I wasn't sure what I'd do next, but I knew I needed something different to be truly happy. But that meant I had to leave my 21-year-old son, Johnathan, behind. It was a difficult decision, but it was the best one for both of us in the end. AdvertisementMoving to California was the best decision for both of us, and I couldn't have done it without my son's unwavering support.

Persons: —, Johnathan, we've, I'd, it's, you've, he'd, John, I'm, We've, I've, he's Organizations: Service Locations: Des Moines , Iowa, Southern California, California

☆ Griselda Blanco's family says Netflix acted like her son, Michael Blanco, 'did not exist' after he shared his mother's story with the streamer
▼ + stars: | 2024-01-20 | by ( Eve Crosbie | Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Griselda Blanco's son has sued Sophia Vergara and Netflix to block the release of "Griselda." In a statement to BI, the Blancos said Netflix should compensate Michael Blanco for sharing his story. In the suit, Michael Blanco says the show's creators used his "private artistic literary work" without permission or credit, which has created "irreparable harm." Representatives for Latin World Entertainment and Vergara did not respond to requests for comment from Business Insider made outside regular working hours. Netflix"Make no mistake, Michael Blanco is humble and thrilled each and every time someone reaches out to shine a light on his mother and the Blanco family," the statement continues.

Persons: Griselda Blanco's, Sophia Vergara, Griselda, Michael Blanco, —, Griselda Blanco, Sofía Vergara, TMZ, Michael, Vergara, Blanco, Andres Hernando Lopez, Rafael Alfredo Rojas Vega, Lopez, Rojas Vega, Luis Balaguer, Melissa Escobar, Catherine Zeta, Jones Organizations: Netflix, Service, Dade, Business, Entertainment Locations: Colombian, Florida's Miami, Dade County, Spanish

☆ BYD: Why Hungary and Mexico could be key to the Chinese carmaker’s global domination
▼ + stars: | 2024-01-19 | by ( Michelle Toh | ) edition.cnn.com time to read: +9 min

The cars come from BYD, the Chinese carmaker that is backed by Warren Buffett and has surpassed Tesla as the world’s biggest seller of electric vehicles (EVs). 1," a shipping carrier vessel intended to export BYD vehicles, at Yantai port in eastern China's Shandong province in January. BYD Mexico did not respond to a request for comment. “The US government is not going to like that Mexico is creating a back door.”A BYD electric vehicle, operated by Vemo taxi, in Mexico City in November. But as it continues to grow overseas, BYD will have to take a more localized approach, analysts say.

Persons: Warren Buffett, Tesla, BYD, Viktor Orbán’s, Yucatán, what’s, Elon Musk, Tu Le, carmaker, Hungary —, Matthias Schmidt, ”, “, Schmidt, Bill Russo, it’s, Le, Mariceu Ethrall, It’s, “ It’s, ‘ We’re, ’ ”, Stella Li, México, ” Li, Wang Chuanfu, BYD “, Russo, they’ve, ” Russo Organizations: Hong Kong CNN, Xinhua, Getty, CNN, Tesla, BMW, Audi, European Union, Schmidt Automotive Research, EV, European Commission, Bloomberg, BYD, El Locations: Hong Kong, China, Europe, BYD, Shenzhen, Germany, Netherlands, Hungary, Mexico, North America, China's Shandong, Szeged, Komárom, France, Shanghai, Hungarian, United States, Canada, Mexico City, Mexican, Dutch, Rotterdam, California, Brazil, Indonesia, Thailand, Uzbekistan, Macao, Taiwan, Japan, what’s

☆ Deadlifts, squats, and bench presses can cause pain or injury if done incorrectly. A physical therapist explains how to avoid common mistakes.
▼ + stars: | 2024-01-18 | by ( ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLifting weights is great for your health — but a wrong move can put too much stress on your joints instead of your muscles, leaving you with pain instead of gains. Proper form can help you lift more effectively and avoid the most common gym injuries, according to a physical therapist. Many people struggle with a lack of ankle mobility in the squat, setting them up for inefficient form, Simeonovski said. For example, when bench pressing, aim to keep the elbows around a 45-degree angle instead of directly out to the side in a T shape to correctly engage the chest muscles instead of stressing out the shoulder joint.

Persons: —, Andrey Simeonovski, Simeonovski, they're, it's Organizations: Service, Business

☆ Challenging norms and finding your North Star with AI in 2024
▼ + stars: | 2024-01-18 | by ( Sponsor Post | ) www.businessinsider.com time to read: +5 min

In the following months, business leaders across every industry grappled with executive mandates to quickly build and implement a new AI strategy. Not all AI will be specifically tuned to the requirements you need in an AI solution. Without trust, any AI solution will falter in delivering the results your employees and customers expect and deserve. Any AI solution you want to champion must be accurate every time, the first time, in any challenge you give it. AI solutions in 2024 have incredible potential to automate tasks to make work more efficient, answers more accessible, and reduce cognitive overload.

Persons: Elizabeth Tobey, — Organizations: Digital, NICE, Star, Insider Studios Locations: Star

☆ Level up your next walk by focusing on this one thing
▼ + stars: | 2024-01-13 | by ( Terry Ward | ) edition.cnn.com time to read: +6 min

Breath work can help initiate the body’s parasympathetic response, which helps us to relax by calming down awareness during stressful situations. Incorporating breath work with a walking routine can increase the function of your breathing muscles so they won’t get tired as quickly. There’s no definitive statement of why (nasal breathing) is good,” he said. And don’t forget that other types of breath work beyond walking have health benefits, too. “There are no real side effects or downsides to breath work.

Persons: Michael Fredericson, ” Fredericson, Fredericson, ”, “, Patrick McKeown, ” McKeown, McKeown, Daniel H, Craighead, it’s, ” Craighead, you’re, ” Terry Ward Organizations: CNN’s, CNN, Stanford University, codirector, Stanford Center, Longevity, “, Oxygen, Aging Laboratory, University of Colorado Locations: —, Japan, University of Colorado Boulder, Florida, Tampa

☆ New videos show intense strikes on the Iran-backed Houthis, who are vowing revenge after getting hit by well over 100 missiles
▼ + stars: | 2024-01-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

The US and UK carried out strikes against the Houthis in Yemen early Friday. The intense bombardment followed repeated warnings from the West over Houthi attacks on shipping lanes. Here's a video showing airstrikes conducted by Typhoon jets after Britain and the United States conducted air strikes on Houthi targets in Yemen. AdvertisementA Royal Air Force Typhoon fighter jet takes off ahead of the Houthi strikes. A munition is fired from a US Navy warship during the Houthi strikes.

Persons: —, readying, Grant Shapps, bR8biMolSx, tbN7ncJYpF, 5hzanSX1dH, Katherine Zimmerman, Lloyd Austin Organizations: US, Service, US Air Forces Central, Central Command, UK Defense, U.S . Central Command, Typhoons, UK Ministry of Defense, Typhoon, Defence, Biden, American, British, Royal Air Force, Ministry of Defense, US Navy, Command, American Enterprise Institute Locations: Yemen, Iran, British, U.S, United Kingdom, Australia, Canada, Netherlands, Bahrain, @grantshapps, Britain, United States, Gulf of Aden, Israel, Australian, Washington

☆ Here’s where to invest $50,000 in the new year, according to the pros
▼ + stars: | 2024-01-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +8 min

The S & P 500 rose 24% in 2023, ending the year just shy of a record closing high. The highest S & P 500 target on the Street calls for 8.7% upside from Thursday's close. A fund with exposure to small and midcap semiconductor stocks is the SPDR S & P Semiconductor ETF (XSD) . Exposure to this space can be obtained through the SPDR S & P Health Care Equipment ETF (XHE) . For these investors, Bailey likes Berkshire Hathaway , calling it a counter-cyclical sitting on a ton of cash.

Persons: Larry Adam, Raymond James, Robert Kaplan, Steven Wieting, Wieting, there's, Mike Bailey, — Bailey, Bailey, They're, Berkshire Hathaway, Eli Lilly, they're, Jack Ablin, Ablin, Rowe Price Organizations: Nasdaq, Dow Jones Industrial, CNBC Pro's, Survey, National Association for Business Economics, Dallas Federal, CNBC, Bank of America, Fed, CNBC Pro, Citi Global Wealth, Nvidia, Meta, Microsoft, P Semiconductor, P Health Care, FBB Capital Partners, Corporate, Aggregate Bond, Berkshire, Essex Property Trust, Federal Realty Trust, Rowe Price Group Locations: Essex

☆ Offering 5-star travel in your employee benefits package could help your company attract talent and boost retention
▼ + stars: | 2023-12-07 | by ( Mariette Williams | ) www.businessinsider.com time to read: +7 min

A travel benefits package is a company-sponsored plan for employees that can include travel stipends or complimentary flights and hotel stays. With many Americans prioritizing travel, we asked three experts for their advice on how businesses could implement travel perks as part of a company benefits package. "But anything that compensates an employee, including travel benefits, should be taken into consideration when you are trying to attract and retain talent." While a travel benefits package can go far in attracting and retaining talent, it doesn't have to come with a hefty price tag. Though offering travel benefits is a relatively new frontier for companies, the payoff could be a motivated workforce and an attractive way to appeal to top talent.

Persons: —, It's, Barbara Palmer, Jessica Sterling, Heather Rider Hammond, Shea, Palmer, Gravel, Hammond, Foster, Jennifer Kraszewski, Kraszewski Organizations: Service, Recruiting, Broad Perspective, Jessica Sterling Photography, Gravel, Business, Shea Locations: Paycom

☆ Dwindling fish stocks hit incomes in Cambodia, prey to climate change
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

[1/5] A general view of a floating fishing village near Kampong Phluk at Tonle Sap Lake, in Siem Reap, Cambodia November 15, 2023. REUTERS/Chantha Lach Acquire Licensing RightsKAMPONG PHLUK, Cambodia, Dec 4 (Reuters) - Fisherman Siem Huat has seen fish stocks dwindle in recent years in Cambodia's majestic Tonle Sap Lake, and with them, his family's sole source of income. "Sometimes there is rainfall in the wrong months or it gets so hot I can't go out to fish," said the 45-year-old Siem Huat, as he navigated his boat through mangroves to pull in nets carrying disappointingly few fish. The Mekong River typically swells in the rainy season as it converges with Cambodia's Tonle Sap River, sending an unusual reversed flow into the Tonle Sap Lake that fills up the latter and spawns bountiful fish stocks. Reporting by Chantha Lach, Napat Wesshasartar; Editing by Kanupriya Kapoor and Clarence FrenandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Chantha Lach, Siem, Napat, Kanupriya Kapoor, Clarence Frenandez Organizations: REUTERS, Thomson Locations: Kampong Phluk, Tonle Sap, Siem Reap, Cambodia, PHLUK, Asia's, Sap, Dubai

☆ Gen Z is opting out of working for the man. One out of 3 say they want to work for themselves instead.
▼ + stars: | 2023-12-04 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

One of out three Gen Z'ers say the best way to "build wealth" is to be self-employed. This spring, Business Insider wrote about how "Gen Z is the hustle generation":Like the generations before them, Gen Z was sold the idea that if you found a good job and worked hard, you'd reap the rewards. But after watching that dream die for millennials, Gen Z isn't buying into what they view as a broken social contract. AdvertisementMeta didn't disclose how many people it surveyed for its Gen Z survey, and it also didn't say how it collected the data, though it said the Gen Z survey covers the US, UK, Brazil, India, and South Korea. "So we're Gen Z, we're going to pivot, and this is how we're going to pivot."

Persons: Z'ers, Z, —, Gen Z, there's, Gen, they're Organizations: Service, Meta, Business, Deloitte Locations: Instagram, UK, Brazil, India, South Korea

☆ China's big pig breeders dig in as losses and debts mount
▼ + stars: | 2023-12-04 | by ( Dominique Patton | ) www.reuters.com time to read: +6 min

BEIJING, Dec 4 (Reuters) - The biggest pig breeders in China, consumer of fully half the world's pork, seem to have bitten off more than they can chew. More huge losses are expected next year, putting China's pig enterprises under pressure to slim down their breeding herds and sell off farms, many of which are sitting empty. But now, especially given the companies' high debt levels, the analyst said: "It's hard for them to borrow any money from the banks." That follows a 17% surge in the first nine months of this year at China's 15 big market-listed breeders even as they reported 200 billion yuan in combined net losses. China's agriculture ministry has warned of heavier losses for the sector in early 2024 than a year ago and urged pig producers to cut output.

Persons: Lyle Jones, Hope Liuhe, they're, Flora Zhu, Dominique Patton, Edmund Klamann Organizations: Inc, Dalian Commodity Exchange, Tech - Bank, Jiangxi Zhengbang Technology, Analysts, Muyuan Foods, Foodstuff, WH, HK, Smithfield Foods, Hua'an Securities, China Corporate Research, Fitch, Beijing, Thomson Locations: BEIJING, China, Fujian Aonong, Jiangxi, Beijing

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