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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin retreats to $57,000 after weekend rally: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Crypto World's Tanaya Macheel speaks with stakeholders in Wyoming as the state develops its own stable token. She finds out how it would work and how it will handle reserves.

Persons: explainers, Crypto, Tanaya Macheel Organizations: CNBC Crypto, CNBC Locations: Wyoming

☆ Boeing's leaders are fighting for the viability of the company, says Eric Dezenhall
▼ + stars: | 2024-09-16 | 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 EmailBoeing's leaders are fighting for the viability of the company, says Eric DezenhallEric Dezenhall, Dezenhall Resources chairman, joins 'Squawk Box' to discuss Boeing's contract negotiations with union leaders, what's at stake for the company, the challenges facing Boeing's new CEO, and more.

Persons: Eric Dezenhall Eric Dezenhall, what's Organizations: Dezenhall

☆ Reskilling and investing in communities are crucial during the AI revolution, IBM's chief impact officer says
▼ + stars: | 2024-09-16 | by ( Julia Hood | ) www.businessinsider.com time to read: +5 min

Justina Nixon-Saintil is IBM's chief impact officer and a member of BI's Workforce Innovation board. This article is part of "Workforce Innovation," a series exploring the forces shaping enterprise transformation. What is the connection to workforce innovation? We also make sure that we're investing in communities that are most vulnerable due to climate change and environmental threats. They're all thinking the same thing: How can we use new technologies to understand all communities better and have a greater impact?

Persons: Justina Nixon, —, Nixon, Saintil, I've, we've Organizations: Service, IBM, CSR Locations: Singapore

☆ The race in Big Tech to sell customers on AI products is heating up
▼ + stars: | 2024-09-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Meanwhile, in today's newsletter, we're looking at how AWS is ramping up its sales team to pitch customers on AI . The big storySell, sell, sellAmazon; Getty Images; Alyssa Powell/BIWhen it comes to the AI revolution, building is only half the battle. AdvertisementAfter drawing scrutiny from investors about their massive investments in generative AI, tech companies are prioritizing getting returns on their big bets. Amazon; OpenAI; Microsoft; Getty Images; Chelsea Jia Feng/BIAWS' pressure to ramp up AI sales isn't just focused on ROI. And while these companies can't afford not to pitch their customers on AI tech, they also risk turning them off to the idea by selling them products that might not live up to expectations.

Persons: —, Donald Trump, Trump, Alyssa Powell, Insider's Eugene Kim, Eugene, Chelsea Jia Feng, it's, Anna Kim, Getty, Tyler Le, Martha Stewart, Al Capone, Morgan Stanley, Dre, Jeff Chiu, Larry Page's, Wayne Osborne, Elon, Grimes, Ryan Mac, Kate Conger unearths, Musk, Department's, We've, Kamala Harris, Biden, Booker, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, FBI, Business, Amazon Web Services, that's, AWS, Microsoft, Getty, Google, Sunshine, Twitter, Huber & Starke, Hollywood, Teamsters Locations: West Palm Beach , Florida, today's, Florida, hustles, New York, London

☆ Prices are easing, but wages still lag—here's when they're likely to catch up
▼ + stars: | 2024-09-16 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Looking at a different measure, median real wages — wages adjusted for inflation — have barely budged, growing at just 0.8% over the last year, as of August 2024. With wage growth cooling, the gap between wages and inflation isn't expected to close until the second quarter of 2025, according to Bankrate's projections. Leisure and hospitality workers saw wage growth of 23.7%, which is above the overall average of 17.4%. In contrast, education workers have slipped further behind, with wage gains of only 13.6% over the past three years. The Fed is widely expected to announce its first interest rate cut in more than three years this week.

Persons: there's, Sarah Foster, Foster Organizations: U.S . Department of, Federal Reserve, Wage, CNBC

☆ At 73, I still have occasional 'shame attacks.' But I'm learning to cope with them better.
▼ + stars: | 2024-09-16 | by ( Louisa Rogers | ) www.businessinsider.com time to read: +5 min

The experience of shame is so intense and visceral that I can't always pinpoint exactly what is going on. "Sweetie, what you're going through is not your fault. It's taken me years to learn, but I know when I'm going through a hard time, I need to be compassionate with myself. Shame feeds off secrecy, and talking to others helps me release itBestselling author Brené Brown maintains what most of us intuitively know: shame is universal. I know I'm not the only person on the planet who experiences it, but when shame consumes me, I feel uniquely worthless.

Persons: —, I'm, Barry, should've, Brené Brown, I've Organizations: Service, Business, TED Locations: Mexico, Guanajuato

☆ TikTok's legal showdown begins: Here's what's at stake
▼ + stars: | 2024-09-16 | 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 EmailTikTok's legal showdown begins: Here's what's at stakeFrank McCourt, Project Liberty founder, joins 'Squawk Box' to discuss TikTok's court hearing today to stop a possible ban or sale of the all in the U.S., the national security risk posed by the app, his plans to buy TikTok, and more.

Persons: Here's, Frank McCourt Organizations: Liberty Locations: U.S

☆ Bill Gates says this is how he’d start Microsoft again from scratch today: It's a 'fantastic opportunity'
▼ + stars: | 2024-09-16 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

If Bill Gates had to start all over again, he'd join the artificial intelligence arms race with an "AI-centric" startup, he says. "Today, somebody could raise billions of dollars for a new AI company [that's just] a few sketch ideas," the billionaire Microsoft co-founder tells CNBC Make It. Gates researched the AI industry for his upcoming Netflix docuseries "What's Next? But AI will be transformative enough as it grows for any new tech startup to consider how it can fit into that industry, Gates says. "I was lucky that my belief in software made me unique," says Gates, adding: "Just believing in AI, that's not very unique.

Persons: Bill Gates, he'd, Gates, Allen, that's Organizations: Microsoft, CNBC, Google, Nvidia, Netflix, CNN

☆ A 27-year-old who quit her job to resell sneakers online explains how she got her start and sourced profitable products
▼ + stars: | 2024-09-16 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Her business, The Shoe Game Co., started as a hobby before evolving into a side hustle and, eventually, a full-time gig. Sneakers didn't reappear on her radar until the Covid pandemic when work became stressful and her girlfriend encouraged her to reconnect with her childhood hobby as a way to decompress. It was a once-in-a-blue-moon deal that wouldn't have been possible if Zapata didn't know her niche as well as she does. AdvertisementFor a while, however, she says she stuck to what she knew best, which were retro Jordan sneakers: "We didn't veer off. I didn't sell the Nike SB until maybe six months ago because I didn't understand what a Nike SB really was.

Persons: —, Val Zapata, Zapata, Everything's, I'm, Zapata didn't, She's, Holly, Kobe Bryant Organizations: Service, Business, Facebook, GAP, Adidas, Nike, Kobe Locations: Colombia, New York, Texas, Las Vegas, Boston

☆ Amazon is selling a ton of toilet paper and everyday items. Here’s why that’s a problem for investors
▼ + stars: | 2024-09-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Faster delivery is prompting more and more people to turn to Amazon to buy paper towels and other everyday items. The growing prevalence of one- and same-day delivery has made Amazon a much more convenient to place to shop for everyday essentials. "If people buy everyday essentials on Amazon, they're more likely to buy other products too," said Jeff Marks, the Club's director of portfolio analysis. This added convenience in ordering everyday essentials from Amazon comes at a challenging time for physical retailers known for selling those same products. The company likes "to be in the consideration set for consumers" in the everyday essentials since it helps drive market share gains, Olsavsky said.

Persons: –, it's, Jeff Marks, Andy Jassy, Jassy, Gil Luria, Davidson, We've, Jim Cramer, Amazon's, Brian Olsavsky, Olsavsky, Wells, Ken Gawrelski, Gawrelski, Morgan Stanley, we're, Davidson's Luria, Luria, Jim, Jim Cramer's, Angus Mordant Organizations: Walgreens, CVS, Aid, D.A, Amazon, CNBC, Bloomberg, Getty Locations: Target, North America, New York

☆ I'm a stylist for 'regular' people. Asking 4 questions can help you hone your sense of fashion.
▼ + stars: | 2024-09-16 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

As a stylist for regular people, I get lots of clients who are caught in a trap created by the fashion industry. The "regular" people — those who aren't wealthy or famous — try so hard to understand the rules of what's stylish, usually set by celebrities and fashion houses. Conveniently for our capitalist society, this also keeps people constantly purchasing new clothes to try to get closer to the arbitrary idea of fashion. It boils down to a simple question: do you like it, or do you not? If you wear clothes that aren't affirming of who you are, it's like opening your mouth to speak but hearing the wrong voice come out.

Persons: —, Sophie Strauss, We're, we're Organizations: Service, Business

☆ How to tell if it's imposter syndrome or if you're just bad at your job, from the ex-VP of HR at Microsoft
▼ + stars: | 2024-09-16 | by ( Chris Williams | ) www.businessinsider.com time to read: +6 min

Read previewAs the former VP of HR at Microsoft and now an advisor to executives worldwide, I see imposter syndrome daily. Are you not very good at your job or is it just the imposter syndrome talking? How can you tell if your self-doubt — often that debilitating imposter syndrome — is justified? If you're getting good reviews, that almost always means you're doing good work. AdvertisementRereading your reviews can bolster your self-esteem and combat looming imposter syndrome.

Persons: —, Bill Gates, Steve Ballmer, I've, they're, wouldn't Organizations: Service, Microsoft, Business

☆ Digitally native Gen Zers aren't immune to romance scams
▼ + stars: | 2024-09-16 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Read previewGen Zers may think they are digitally savvy and immune to online scams, but that very thought may leave them vulnerable to being lured into nefarious schemes. AdvertisementScams are always evolving, and the tricks Gen Zers believe they are wise to may be replaced by increasingly technologically advanced schemes they don't see coming. AdvertisementPeople are still processing the years lost to the pandemic, particularly Gen Zers, whose brains were still developing, Neo added. "This can make us more impulsive, less thoughtful of our choices, and can be a risk factor for romance scams," Neo said. Gen Zers understand what it's like to struggle, with many facing economic instability and having difficulty with bills, rent, and finding jobs.

Persons: —, Zers, Bryn Thompson, Gen Xers, Lauren Hendry Parsons, Hendry Parsons, Kevin Lee, Gen Z, Lee, scammers, It's, it's, zoomers, They're, Gen Organizations: Service, Business, National Cybersecurity Alliance Locations: Canada

On Friday, Trump told NBC News “I don’t know that much about it. Also on Sunday, Vance once again espoused an unfounded conspiracy theory about Haitian immigrants in Springfield, Ohio, eating pets, disputing claims that the allegations are baseless. “In Springfield, [Ohio], they’re eating the dogs. They’re eating the cats. They’re eating -- they’re eating the pets of the people that live there.

Persons: Ohio GOP Sen, JD Vance, Laura Loomer's, Kamala Harris, Loomer, Harris, Laura, Vance, Donald Trump's, Kristen Welker, Welker, Trump, there’s, ” She’s, Taylor Swift, Travis Kelce, “, they’ve, ”, ” Trump, Don’t, Mike DeWine, Rob, Rue, ‘, DeWine Organizations: Ohio GOP, Sunday, NBC, Republicans, GOP, Radical Left Marxists, Press, Loomer, Trump, Springfield, ”, Ohio's GOP, CBS Locations: Ohio, Springfield , Ohio, what's, Springfield, Philadelphia, “, ”

☆ A millennial moved to the Netherlands from Texas and traded a 6-day workweek for a 4-day one. He earns less but says he is happier.
▼ + stars: | 2024-09-15 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Read previewKeiland Smith loved his job as the director of a chiropractic practice, but he felt exhausted by the 6-day workweek. They love life in the Netherlands and now Smith has more control over his schedule, often working four days a week. When a previous mentor contacted him about working as a chiropractor in the Netherlands, Smith became intrigued. He earns about $72,000 (€65,000) annually in the Netherlands, which is less than the six figures he made in Texas. AdvertisementBeyond work, Smith said he feels healthier in the Netherlands than he did in Texas.

Persons: —, Keiland Smith, — Smith, Smith, he's Organizations: Service, Business, Voting, University of South, Parker University, Medical City Hospital, Keiland Smith Learning Locations: Grand Prairie , Texas, Dallas, Fort Worth, Europe, France, Spain, Netherlands, Bodegraven, Amsterdam, Texas, California, Florida, University of South Florida, Austria, Dutch, Grand Prairie, Czech Republic, American

☆ A boomer lives on $1,768 monthly Social Security and says she's a few hundred dollars away from losing access to necessities
▼ + stars: | 2024-09-15 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

"Over this past year, because my money has gotten so tight, those friends don't call me anymore," she said. The Huntsville, Alabama resident lives on her $1,768 monthly Social Security checks, according to documents reviewed by Business Insider. Monthly Social Security checks aren't enough for most baby boomers to live on — many have told BI they struggle to afford housing, food, and healthcare. AdvertisementRussell's tight finances contribute to lonelinessRussell retired from her food service broker job six years ago and began collecting Social Security around that time. She pays nearly $900 a month, more than half of her Social Security income, making her severely rent-burdened.

Persons: —, Michelle Russell, Russell, Russell doesn't, Russell didn't, isn't, It's, Pete Organizations: Service, Business, Social Security, Social, Walmart Locations: Huntsville, Alabama

☆ My daughter dropped out of college after just 1 semester and enrolled in cosmetology school. I couldn't be more proud.
▼ + stars: | 2024-09-14 | by ( Kelli Thompson | ) www.businessinsider.com time to read: +5 min

Read previewOn August 13, 2023, my husband and I dropped off our only child, Hailey, at the University of Nebraska. Hailey's college biology courses were much more grueling than in high school, and she struggled to sit through the lectures. She courageously then dropped out of collegeNear the end of her first semester of college, Hailey courageously withdrew, told her friends, and notified her sorority. Her short time in college wasn't wastedWhen Hailey was making her decision, she was nervous that her one semester in college would be a waste. She has a full semester of college credits under her belt that will inform her worldview and future business choices.

Persons: —, Hailey, she'd, wasn't Organizations: Service, University of Nebraska, Tri Delta sorority, Business, University

☆ Where Are the Squat Racks? Gyms Are Rushing to Remodel for Strength-Training
▼ + stars: | 2024-09-14 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +14 min

Related storiesThe boom of strength training in 2020Australian personal trainer Kayla Itsines developed the uber popular "Sweat with Kayla" app. "The 20-somethings, the 40-somethings, the 60-somethings will all be gravitating towards strength training, just because of the benefits it provides." They're branding themselves as more of a high-intensity training equipment provider than just a stair-climbing apparatus provider these days. Strength training is ideal for extending your "play span," your ability to keep doing what you love as you age. "What strength training really affords people is to make age just feel like a number," he said.

Persons: you'll, Mauro Maietta, that's, Kenneth Cooper, Arnold Schwarzeneggers, it's, Richard Simmons, Evan Hurd, Pete McCall, Kayla Itsines, Kayla, Kira Stokes, Kaisa Keranen, they'd, Pamela Kufahl, Kufahl, Gen Z, there's, —, they're, you've, Antonio Villalba, McCall, Clive Brunskill, Chris Travis, Jim Rowley, MoMo, JDI, Priscilla Del Moral, JDI's, Miriam Fried, MF, she's, Del, Natalia Mehlman Petrzela Organizations: Venture, Business, Sports, Fitness Industry Association, Crunch Fitness, Kids, Health & Fitness Association, Amazon, Health, Fitness, Getty, Seattle, New, Crunch, Athletech News, New School, Brands, Core Health Locations: Manhattan, L.A, Barre, Orange, New York City, New York

☆ I spent an extra $44 on Disney World's new Lightning Lane system. I don't know how you can visit without it.
▼ + stars: | 2024-09-14 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +5 min

Twenty-five years and multiple incarnations later, Disney introduced the Lightning Lane Multi-Pass in July 2024. What is Lightning Lane Multi-Pass, and how much does it cost? A Lightning Lane Multi-Pass allows you to choose three Disney rides that you want to prioritize. Well, some rides have been deemed even more exclusive than those rides, and you can only purchase a Lightning Lane for those separately. Those are the best attractions in the park, and you could waste hours trying to get on them without a Lightning Lane.

Persons: —, FlashPass, Gabbi Shaw, Lightcycle, I'm, FastPass, Leonard Ortiz, I'd Organizations: Service, Disney, Lightning, Business, Magic Kingdom, Epcot, Hollywood Studios, Animal, Media, Register Locations: Orlando, Animal Kingdom, Orange

☆ When to book holiday travel this fall: 'That window of low prices is brief,' economist says
▼ + stars: | 2024-09-14 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

If you want — or need — to travel this holiday season, start planning now because the ideal time to book Thanksgiving, Christmas and New Year's travel is fast approaching. "The most important thing is for travelers to continue to think about planning now and booking in October," said Hayley Berg, lead economist at travel site Hopper. "That window of low prices is brief, but it can really pay off." Whenever you decide to confirm your reservations, keep in mind that traveling during the holiday season can be fraught with complications, said Sally French, a travel expert at NerdWallet. "The holidays are a difficult time to travel because not only are you dealing with what's likely to be tougher holiday weather, but also working with bigger crowds," said French.

Persons: Hayley Berg, Hopper, Berg, Sally French Organizations: Finance

☆ The stock market risks keeping Wall Street's biggest bulls up at night
▼ + stars: | 2024-09-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

The bulls on Wall Street have been largely right about the stock market over the past two years. Business Insider asked three bullish stock strategists what they consider the biggest risks. Yet, those economists have been largely wrong about what could sink the stock market and economy. "In May/June, when you had a lot of bears or those that had been late to jump on the bull parade all of a sudden switch their forecasts and kind of chase markets up, which is pretty, I mean pretty, pretty, pretty classic," Belski told Business Insider. The second risk is, similar to Belski's concern, a 1990's type melt-up in the stock market.

Persons: —, Brian Belski, Belski, Yardeni Research's Eric Wallerstein Eric Wallerstein, Wallerstein, that's, Carson, Sonu Varghese Sonu Varghese, Varghese Organizations: Business, Service, BMO, Nvidia, Yardeni Research, Carson Group, Federal Locations: Russia, Ukraine, China, Taiwan

☆ I paid for my engagement ring, and my husband picked out my wedding dress. We've always gone against gender norms.
▼ + stars: | 2024-09-14 | by ( Wendi Gordon | ) www.businessinsider.com time to read: +4 min

From the beginning, nothing about my relationship with my husband, Steve, was "normal." My husband didn't propose to me, and I didn't propose to him; there was just a mutual assumption that we would get married and spend the rest of our lives together. Our wedding was uniqueWe first went to a local jewelry store to buy my engagement ring and our wedding bands. We didn't worship together and rarely met the members of each other's churches. We're ignoring social norms like we always have because it always worked for us.

Persons: Steve, didn't, we've Organizations: Service, Business, Lutheran Theological Seminary Locations: Gettysburg, Pennsylvania, New Orleans, Mississippi, I've

☆ Auto parts and dollar store execs warn that low-income Americans are stretched thin and running on borrowed time
▼ + stars: | 2024-09-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

AdvertisementBut Americans are not a monolith, as Jefferies consumer strategist Carey Kaufman pointed out in a note to clients Tuesday. Heading into the autumn, a considerable number of those in the bottom quintile appear to be running on borrowed time. Dollar Tree, which owns Family Dollar, reported similar consumer headwinds during its quarterly earnings this month. "What we noticed was an even tighter core consumer at the very last week of each of the months in Q2," he said. "While that's always a tighter week of the month for our core consumer, it was by far the weakest."

Persons: —, Carey Kaufman, Ted Vasos, Vasos, David Bellinger, Ryan Grimsland, Will Stengel, Ally, Russell Hutchinson, paychecks aren't, that's, Bellinger Organizations: Service, Walmart, Costco, Business, Jefferies, Goldman, Global Retailing, Mizuho, Reuters, Federal Reserve Locations: U.S

☆ Lil Wayne says it 'hurt' that Kendrick Lamar was picked to perform at the Super Bowl. Here's what to know about the controversy.
▼ + stars: | 2024-09-13 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +9 min

Read previewEarlier this week, Kendrick Lamar was confirmed as the headliner for the next Super Bowl halftime show. AdvertisementMany hip-hop fans had hoped that Lousiana native Lil Wayne would be the chosen headliner — a hope that Lil Wayne said he shared. Here's a breakdown of the controversy's key points and everything you need to know about the Lamar vs. Wayne debate. Lil Wayne, Nicki Minaj, and Drake at the 2017 Billboard Music Awards. LIL WAYNE!!!!!!!!!!

Persons: —, Kendrick Lamar, Lamar, Drake, Lil Wayne, I'm, Wayne, Lamar hasn't, Critics, Wayne hasn't, Jay, Uzi, Lil Yachty, Ty Dolla, Nicki Minaj, Minaj, Kevin Mazur, Dre, Cam'ron, Wayne —, Nicki, LIL WAYNE, Nola what's, Johnny Nunez, Mike Freeman, Roc, Z, Z's, Joe, Fabolous, Roger Goodells Organizations: Service, Business, Lamar, Future, Metro Boomin, NFL, ign, Young Money Entertainment, Money Records, ppl, SoFi, West, Entertainment, Birdman, Cash, Wayne, BIRDMAN, The Recording, USA, Young, NPR, Jay Locations: New Orleans, Lamar, Los Angeles, Compton , California, City of New Orleans, Atlanta, Las Vegas

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin nears $60,000 as consumer sentiment hits four-month high: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Adam Sullivan, CEO of Core Scientific, discusses the company's embrace of AI compute and what the 2024 election could mean for crypto.

Persons: explainers, Adam Sullivan Organizations: CNBC Crypto, CNBC, Core

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