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My high-achieving high school senior had been avoiding her college applications. AdvertisementMy high school senior is typically a happy, easygoing kid who set her sights on graduating in the top 50 of her class before her first day of freshman year. Many high school graduates in our small city go to the local college for two years, then transfer to a University of California or California State school. It's an affordable route that would relieve the pressure, but she said no; she wanted a four-year college experience. My goal was to talk about college only during those scheduled times unless a deadline needed to be met during the week.
Persons: , Lisa McLaughlin, McLaughlin, she's Organizations: Service, University of California, California State, California Girls State Locations: Texas, California
Bloomberg | Bloomberg | Getty ImagesJapan has ramped up its push for companies to adopt a four-day workweek, but those efforts face steep challenges in a country famous for its workaholic culture. The Japanese government recently initiated a "work style reform" campaign aimed at promoting flexible work arrangements, shorter hours and overtime limits. The move marks a more concerted effort after the government first floated support for a shorter workweek in 2021 when lawmakers endorsed the idea. "Being part of a company is almost part of a community, and this results often in longer work hours, not as efficient work hours," he told CNBC. I think that it's going to take time [for the four-day workweek] to penetrate… we're not used to being flexible.
Persons: Tim Craig, Craig, it's, Martin Schulz, karoshi, Hiroshi Ono Organizations: Bloomberg, Getty, Japan, Ministry of Health, Labor, Welfare, Fujitsu, CNBC, Hitotsubashi University Locations: Japan
The growth was led by leisure and hospitality and health care and social assistance, with each category adding more than 40,000 jobs, according to data from the Bureau of Labor Statistics . The August jobs report came in weaker than expected , and employment growth by different industries showed a mixed bag for the U.S. economy . If private education is included with the health-care group, as some economists do, that category would have grown by 47,000 jobs. Construction was a bright spot, growing by 34,000 jobs, but manufacturing shed 24,000 jobs. The health-care subsector added 31,000 jobs, or about half its average over the prior 12 months, according to the Bureau of Labor Statistics.
Persons: … We're, Betsey Stevenson Organizations: Bureau of Labor Statistics, Department of Labor Locations: U.S
American Eagle missed Wall Street's sales targets for a second quarter in a row on Thursday, but profit grew by nearly 60% thanks in part to lower product costs. During the quarter, American Eagle's intimates line Aerie saw revenue grow 9% while its namesake brand grew by 8%. The gross margin expansion was led by "favorable product costs," indicating American Eagle spent less to make its assortment during the quarter. During the quarter, American Eagle made some strides in achieving that goal. It posted operating income of $101 million, an increase of 55%, while its operating margin grew 2.4 percentage points to 7.8%.
Persons: Mike Mathias, I've, Jay Schottenstein, Matthias, Jennifer Foyle, Foyle Organizations: Eagle, LSEG, Finance, CNBC, Federal Reserve, Labor, American Eagle Locations: Northeast
Now, looking for a return on their content investments, Disney , Warner Bros. Disney said last week that its combined streaming services — Disney+, Hulu and ESPN+ — were profitable for the first time during its fiscal third quarter. Ahead of earnings, Disney announced it's raising streaming prices by $1 to $2 a month for Hulu, Disney+ and ESPN+. Similar to Disney, Paramount Global said last week in its quarterly earnings conference call that its streaming business, centered on flagship service Paramount+, reached profitability. Discovery said during its second-quarter earnings conference call that streaming ad revenue doubled year over year.
Persons: Jaque Silva, Mike Proulx, Disney, Bob Iger, Iger, Discovery's Max, Comcast's Peacock, Gunnar Wiedenfels, Forrester's Proulx, Proulx, Discovery's Wiedenfels, Discovery, Tim Nollen, Ted Sarandos, Sarandos Organizations: Netflix, Disney, Warner Bros . Discovery, Forrester, Hulu, ESPN, Warner Bros, Paramount, Paramount Global, Discovery, Max, Hub Entertainment Research, Getty, Media, Macquarie, Westend61 Locations: Paramount's, Peacock
In this article GM Follow your favorite stocks CREATE FREE ACCOUNT2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package. The so-called "godfather" of the modern Corvette retired roughly a week after helping to introduce the new 2025 Corvette ZR1 — the most powerful and fastest version of the car ever produced. Corvette spinoff and SUVWall Street analysts have said GM could better leverage the Corvette brand by expanding models and, to an extent, sales. Tadge Juechter, retiring Corvette executive chief engineer, during the reveal of the 2025 Chevy Corvette ZR1 on July 25, 2024. 2020 Chevrolet Corvette GM
Persons: Juechter, Mark Reuss, Tadge Juechter, Reuss, Ray, Motors, there's, Morgan Stanley, Adam Jonas, you've, that's, I've, Ferrari, I'm Organizations: General Motors, Detroit automaker, Corvette, CNBC, Electric Corvette GM, Chevrolet, Motors, Porsche, Lamborghini Locations: Bowling Green , Kentucky
For many investors, the million-dollar question is how far Nvidia can go or whether it can sustain its dramatic growth. Nick Griffin, chief investment officer at Munro Partners, has invested in Nvidia since 2019 — but even he is taken aback by the stock's astronomical run so far. Nvidia's outlook Griffin pointed to industry estimates that showed Nvidia is set to sell $100 billion of its AI accelerators in the next 12 months. Nvidia is currently the largest holding in Griffin's Munro Global Growth fund. Griffin also manages the Munro Concentrated Global Growth Fund and the Munro Global Growth Small and Mid Cap Fund.
Persons: Nick Griffin, CNBC's, Griffin, we've, there's, Munro Organizations: Nvidia, Munro Partners, Griffin's, Griffin's Munro Global, Fund Locations: Griffin's Munro
The meme stock craze is back , but hedge-fund titan Boaz Weinstein said he wants nothing to do with it. The resurgence of meme mania began late Sunday when " Roaring Kitty ," the man who first ignited the meme stock phenomenon through GameStop in 2021, posted on X for the first time since then. Beyond meme stocks, Weinstein said there's sure to be plenty of volatility in the "foggy" market in the months to come, citing inflation, geopolitics and the upcoming U.S. presidential election. When you put all that together … we're going to have a credit crunch in the next couple of years if things don't change." "Maybe in both cases, there's going to be plenty of volatility, and I'm quite excited for it," he added.
Persons: Boaz Weinstein, Weinstein, CNBC's, there's, … we're, Donald Trump Organizations: Saba Capital Management, GameStop, AMC
Prices in the US could keep going up if the US doesn't "reindustrialize" its economy, Richard Bernstein said. The US has a "massive" trade deficit at a time when world trade is becoming fragmented, he noted. AdvertisementInflation will climb higher if the US economy doesn't reindustrialize its economy, according to investment manager Richard Bernstein. World trade has become more fragmented since the pandemic, and rising geopolitical tensions are a sign that the trend is continuing, he said. If it doesn't … we're going to have tremendous inflation here in the United States," Bernstein said to CNBC on Monday.
Persons: Richard Bernstein, , Bernstein, Ken Griffin Organizations: US, Service, Commerce Department, CNBC, JPMorgan Locations: United States, America
Those are some of the most fascinating items found in lost luggage in 2023, according to a new report by Unclaimed Baggage, a store that buys lost items from airlines, sight unseen. The company has long-term contracts to buy unclaimed items from airlines, as well as hotels, trains and rental car companies. Unclaimed Baggage opened a "Found Treasures" museum in Scottsboro, Alabama, in 2023 to showcase the oddest items acquired through the years. Then he found them at Unclaimed Baggage and brought them back to her." Source: Unclaimed Baggage
Persons: Richard Nixon, Louis, Bryan Owens, Cartier, Owens, Owen's, Doyle Owens, Doyle, There's, … we're, Owen, Louis Vuitton, , , Jimmy Choo, Yves Saint Laurent —, it's, they've, David Bowie Organizations: Louis Vuitton Nike Air Force, CNBC Travel, Rolex Locations: Scottsboro , Alabama, Scottsboro, America, West Coast, Atlanta
Restaurant franchisees say they're the real losers of California's $20 fast-food minimum wage. AdvertisementFranchisees say they have to bear the brunt of California's new $20 minimum wage for fast-food workers. But the $20 wage applies to both corporate-owned and franchise restaurants, even if the franchisee just owns one or two restaurants. She added that the new $20 wage felt like an "unfair target on our backs." "You're going to have to have the mega owners as they're called, or 20 stores, a hundred stores, 500 outlets.
Persons: , Keith Miller, Brian Hom, We're, Hom, Miller, he'd, Mike Mangoine, Jessica D'Ambre, D'Ambre, Matthew Haller, Burger King, they're Organizations: Service, Business, Subway, McDonald's Corporation, Los Angeles Times, Times, International Franchise Association, Taco Bell Locations: California, San Jose , California, Los Angeles, Inland, Burger, McDonald's
That's what Spire Global is betting on in its recently announced partnership with AI darling Nvidia . Twelve-year old Spire Global is in the radio frequency sensing business, operating a satellite constellation that collects space-based radio frequency data that can be analyzed and sold as a service. Nonetheless, "at this point in time there is no immediate economic flow from Nvidia to Spire or vice versa," he noted. Spire Global, a small capitalization stock that went public through a SPAC merger in 2021, shot up roughly 40% in response. Spire Global forecasts achieving positive free cash flow this summer, or by the third quarter of 2024.
Persons: Peter Platzer, CNBC's Morgan Brennan, Morgan Brennan, Platzer, Jensen Huang Organizations: Spire Global, Nvidia, Nvidia's
DETROIT — Ford Motor sees opportunity to grow Mustang sales as it becomes the last American muscle car with a traditional V8 engine, playing to generations of gearheads who've been drawn to the performance vehicles. The optimism comes after Mustang's closest American competitors ended production of their muscle cars in December. Jeff Marentic, general manager of Ford Blue products, which includes the Mustang, said the pony car remains good business for the automaker both domestically and internationally. "For people who are looking for a true American sports car, it's available to them. … We're looking and talking about the future of Mustang, and how far we can grow it."
Persons: gearheads who've, Stellantis, Jeff Marentic, Marentic Organizations: DETROIT, Ford Motor, General Motors, Chevrolet, Dodge Challenger, Ford, CNBC Locations: American
AAPL YTD mountain Apple (AAPL) year-to-date performance Jim Cramer on Tuesday acknowledged Apple's recent woes but encouraged investors to have "patience, patience, patience," with the stock. Apple's China sales — amounting to nearly 20% of overall revenue — continues to weigh on the company due to the country's tepid consumer spending, along with stiffening local smartphone competition . Investors are hoping to hear more about Apple's AI ambitions at the company's annual Worldwide Developers Conference in June. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Apple, It's, , Jim Cramer, Apple's, iPhones, Jim, Tim Cook, we're, Jim Cramer's, Wang Gang Organizations: Big Tech, Bank of America, Nvidia, Meta, Microsoft, Apple, ISI, Service, Developers Conference, CNBC, Getty Locations: China, Shanghai
Saudi energy minister Abdulaziz bin Salman on Oct. 5, 2022. And transitioning means that even our oil company, which used to be an oil company, became a hydrocarbon company. The Saudi energy minister on Monday qualified the decision was not made hastily and was the product of a continuous review of market conditions. "Why should we be the last country to hold energy capacity, or emergency capacity, when it is not appreciated? the Saudi energy minister said.
Persons: Abdulaziz bin Salman Organizations: Bloomberg, Getty, Aramco, Energy, International Petroleum Technology, Monday, of, Petroleum Locations: Aramco, Saudi, Dhahran, Saudi Arabia, Riyadh, Moscow
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst says Nvidia has 'significant amount of upside,' but gives his bear caseWilliam Stein, technology/industrials equity research analyst at Truist Securities, says "the bear case in the stock and the concern that one might have is that … we're going to see a normal cycle at some point, when lead times for products are a year or thereabouts, perhaps even longer. Customers tend to over-order, then at some point they get delivered, and then they start canceling orders and you see a downturn."
Persons: William Stein Organizations: Nvidia, Truist Securities
US Homeland Security Secretary Alejandro Mayorkas testifies during a Senate Homeland Security and Government Affairs Committee hearing on Capitol Hill in Washington, DC, on October 31, 2023. WASHINGTON — Members of the House Homeland Security Committee are meeting Tuesday to discuss the Republican-led impeachment articles against Homeland Security Secretary Alejandro Mayorkas. House Republicans accuse Mayorkas and the Biden administration of disregarding federal laws on immigration and seek to make Mayorkas the second Cabinet official impeached in U.S. history. According to the first impeachment article set forth by House Republicans, Mayorkas "has willfully and systemically refused to comply with Federal immigration laws." The second impeachment article accuses him of breaching the "public trust" and "knowingly" obstructing "lawful oversight of the Department of Homeland Security."
Persons: Alejandro Mayorkas, Mayorkas, Biden, systemically, Mark Green, Donald Trump, Green, Mayorkas's, Bennie Thompson, Thompson, , Michael McCaul, Marjorie Taylor Greene, … We're, MAGA, Dan Goldman, Goldman, Joe Biden, President Trump, Glenn Ivey, impeaching, I've, Don Bacon, Nick LaLota, He's, … He's, LaLota, — Rebecca Kaplan Organizations: Homeland, Senate Homeland Security, Government, Capitol, WASHINGTON —, House Homeland Security, Republican, Republicans, House Republicans, Department of Homeland Security, Homeland Security, Rep, Congress, United, Constitution, Mayorkas, DHS, Democrats Locations: Washington ,, U.S, Texas, D, New York, Cuba
Sonia Nicolson moved to Iceland "for love" in February 2016 after meeting her husband in a bar in Scotland while working at a university in southern England. Deciding whether to live as a couple was a case of "either him coming to the UK or me coming to Iceland," Nicolson said. "I was absolutely exhausted in my career, had worked, worked, worked, worked, worked, traveled a huge amount, and jet lag had never really caught up with me," Nicolson said. She first visited Iceland on a work trip and later spent a month exploring the island in 2015. Though you have to pay for healthcare in Iceland, it's affordable and easy to get same-day doctors' appointments, Nicolson said.
Persons: , Sonia Nicolson, Nicolson, you've, Grace Dean, They're, I've Organizations: Service, Business, Airbnb, Iceland, OECD, Tourism, Lights, Hallmark Locations: Iceland, Scotland, England, Edinburgh, India, Japan, Reykjavik, COVID, playgroups
And I think that's just a testament to the world being really big and messy, and that these systems are still evolving, they're still really in their infancy. That may be a thing that's useful in your work, or maybe a thing that's useful in your life, or it may just be a fun thing – it may just be that you create a funny GPT and it's a cool thing to have. High-level, we always knew that we wanted to have a structure that, at its core, retained the original OpenAI – the OpenAI nonprofit. So that's the first thing to understand, I think, about OpenAI: It's not a normal company in that sense. We have shared that we have an initial board now, and expect to add more board membersWhat's the general mood like at the company right now?
Persons: OpenAI, Sam, Altman, Brad Lightcap, Lightcap, ChatGPT, OpenAI's, Bret Taylor, Larry Summers, Adam D'Angelo, Dev Day, DALL, we'd, doesn't, haven't, they've, – there's, There's, , We're, we've, Dev, It's, You've, Sam Altman, reappointment Organizations: CNBC, Fortune, Microsoft, ChatGPT Enterprise, OpenAI, OpenAI's Locations: San Francisco
A Goldman partner criticized the bank's launch of Apple savings accounts as a mistake, WSJ reports. Goldman has reportedly been exploring offloading its Apple partnership to AmEx. "We should have never done this f—ing thing," an unnamed Goldman partner, speaking about the bank's April savings accounts launch with Apple, reportedly told others at the bank. Other Goldman insiders apparently agree with the unnamed partner's feeling that the partnership was a mistake, the Journal reported. The Journal reported in July that Goldman was considering offloading its Apple partnership, possibly to American Express.
Persons: Goldman, , David Solomon, We've, Solomon, Insider's Dakin Campbell Organizations: Apple, Service, Wall Street Journal, The, American Express, General Motors, GM, Goldman
Billionaire investor Ken Griffin's flagship hedge fund rallied last month when the broader market was rattled by tight monetary policy as well as rising recession fears, according to a person familiar with the returns. Citadel's multistrategy flagship Wellington fund gained 1.7% in September, bringing its 2023 performance to 12.6%, the person said. The S&P 500 pulled back 4.9% last month, suffering its worst month of the year. Griffin, founder and CEO of Citadel, told CNBC last month he was skeptical that this year's rally, powered mostly by artificial intelligence-related stocks, can be sustainable. The Wellington fund soared 38% in 2022 for its best year ever.
Persons: Ken Griffin's, Citadel's multistrategy, Stocks, Pershing, Bill Ackman, Griffin Organizations: Treasury, Citadel, CNBC, Big Tech Locations: Wellington
Ukraine persuaded troops to surrender with a drone, the The Wall Street Journal said. The troops surrounded the soldiers in a house then flew the drone to play a message, per the report. AdvertisementAdvertisementUkrainian troops persuaded Russian soldiers to surrender by playing them a voice message with a drone, The Wall Street Journal reported. Soldiers of Ukraine's 3rd Separate Assault Brigade told The Journal that after they had retaken most of the village on September 14, some Russian soldiers were still hiding in a house. Shortly after the message was delivered, three Russian soldiers emerged from their hideout, walking with their hands up, The Journal reported.
Persons: , Organizations: Street Journal, Service, Assault Brigade Locations: Ukraine, Russian, Andriivka, Donetsk
Several stocks are set to benefit from the "relentless pursuit of eyeballs" in the Chinese internet sector, according to analysts at asset management firm AllianceBernstein. Mini programs are apps within WeChat and have functions in areas such as e-commerce, task management, coupons, and so on. Tech giant Alibaba was given a price target of $100, representing a 14.9% upside from its Sept. 18 close. Kuaishou and Bilibili were given target prices of HK$70 and $16, representing 10.9% and 17.0% upside, respectively. Outlook The analysts said the expansion of channels for spending could lead to accelerating growth in e-commerce penetration, though the extent of upside is "debatable."
Persons: Robin Zhu, Ronald Ma, Xuan Ji, Xiaohongshu, AllianceBernstein, PDD, JD, — CNBC's Michael Bloom Organizations: Douyin, JD, Hong Kong, HK, Tech Locations: China, Pinduoduo
DETROIT – The United Auto Workers and Detroit automakers remain far apart ahead of the union "likely" strategically striking the companies after an 11:59 p.m. ET Thursday deadline, UAW President Shawn Fain said Wednesday night. Fain also laid out general plans about how the union expects to strategically strike the Detroit automakers, if needed. Fain referred to the union's plans as a "stand-up strike," a nod to historic "sit-down" strikes by the UAW. He also said Fain missed a Tuesday meeting that he and Ford Chair Bill Ford believed he would be attending.
Persons: Shawn Fain, Fain, , Sen, Bernie Sanders, Jim Farley, Bill Ford, Farley, it's, Ford, Stellantis Organizations: DETROIT, United Auto Workers, Detroit, UAW, General Motors, Ford Motor, Detroit automakers, Ford Locations: Detroit, U.S, Vermont
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