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In this article MAR Follow your favorite stocks CREATE FREE ACCOUNTMarriott International's business operations and growth are solid, CEO Anthony Capuano told CNBC Monday, amid layoffs of more than 800 corporate employees and continued sluggishness in China's tourism market. Marriott International reported net room growth of 6% year-on-year and room rate growth of 2.5%, driven by a strong return of group travel, which Capuano called the "bright, shining star" for the business today. The company raised its year-end guidance for net room growth, and added 9 million new Bonvoy members in the third quarter. That measure turned out to be corporate layoffs, first reported by the travel media company Skift on Nov. 14, which later linked to a notice of "mass layoffs" of 833 Marriott employees posted on a Maryland government labor website. watch nowCapuano denied that the company — which doubled in size during the past decade — grew too big, too fast, at least in terms of corporate employees, instead calling the move a much-needed "reorganization" of its global corporate structure.

Persons: Anthony Capuano, Capuano, Leeny Oberg, —, Rather Organizations: Marriott, CNBC, Marriott International, Uber, Starbucks Locations: RevPar, China, Greater China, Maryland, Bethesda , Maryland

☆ Marriott CEO Tony Capuano: 'We are firing on all cylinders in every geography'
▼ + stars: | 2024-11-19 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarriott CEO Tony Capuano: 'We are firing on all cylinders in every geography'Marriott International's business operations and growth are solid, CEO Anthony Capuano told CNBC Monday, amid corporate layoffs and sluggishness in China's domestic tourism market. Demand and high occupancy levels in Japan, the Middle East and Western Europe are driving global growth, he said.

Persons: Tony Capuano, Anthony Capuano Organizations: Marriott, CNBC Locations: Japan, East, Western Europe

☆ I grew my business to 7 figures after leaving Meta and Google. Here's the coffee chat formula that helped.
▼ + stars: | 2024-11-08 | by ( Andrew Yeung | ) www.businessinsider.com time to read: +7 min

Andrew Yeung, a former Google and Meta lead, goes on coffee chats three to five times a week. I spent a few years as a product lead at Google and a business operations lead at Meta before leaving to build a 7-figure business and invest in over 20 early-stage companies. Most of my business partnerships, clients, and — dare I say — friendships started with a coffee chat. Once I have clarity, I use my goal outcome to shape three discussion topics or broad questions for the conversation. Listen to learn, not to respondCome prepared to learn, but don't over-program your coffee chat.

Persons: Andrew Yeung, —, Kate Cronin, I've, would've Organizations: Google, Service, Meta Locations: Fibe

☆ Passing down an inheritance? Here's how to handle these 4 complicated assets — including houses and retirement funds.
▼ + stars: | 2024-11-01 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

A way to get around this is to split the overall estate balance equally instead of divvying up individual assets, Snow recommended. You can also liquidate the business, which will convert business assets into cash quickly. AdvertisementSimilar to a family business, these assets might hold a lot of sentimental value but might not be easily passed down. Donating collections can be an effective way to circumvent capital gains and estate taxes. Confront potential disagreements over assets like a house early on, and make sure to provide details on complex assets like a family business.

Persons: —, Snow, who's, They'll, Roth, We've Organizations: Service, Business, Cresset

☆ Passing down an inheritance? Here's how to handle these 4 complicated assets — including houses and retirement funds
▼ + stars: | 2024-11-01 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

Beware of legal and tax complications for common assets such as houses and retirement funds. You can also liquidate the business, which will convert business assets into cash. Like a family business, these assets might have a lot of sentimental value but might not be easily passed down. Donating collections can be an effective way to circumvent capital-gains and estate taxes. Confront disagreements about assets like a house early on, and provide details about complex assets like a family business.

Persons: —, who've, Snow, who's, They'll, Roth, We've Organizations: Service, Business, Cresset

☆ Wall Street views Coinbase through an election lens and soft pedals weak earnings
▼ + stars: | 2024-10-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Coinbase Global's latest earnings were even weaker than expected, but with an eye toward next week's election and its effect on cryptocurrency markets, many analysts on Wall Street say the exchange is still a buy. Coinbase also warned that an October drop in the price of ether could offset growth in nontrading revenue in the current quarter. Coinbase tumbled as much as 8.6% in early trading Thursday, touching a low of $193.56. The election outcome at one point was widely viewed as a key catalyst for the price of bitcoin. On the earnings call, CEO Brian Armstrong said he expects to see "the most pro-crypto Congress ever" next year.

Persons: Coinbase, Joseph Vafi, Genuity, Citigroup's Peter Christiansen, Christiansen, –, Brian Armstrong, Piper Sandler, Patrick Moley, — CNBC's Michael Bloom Organizations: Wall, White House, Citi, Canaccord, Bank of America, SEC Locations: U.S, .

☆ Volkswagen plans to close ‘at least’ 3 German plants and lay off thousands of workers
▼ + stars: | 2024-10-28 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Volkswagen plans to close “at least” three factories in Germany, lay off tens of thousands of staff and downsize remaining plants in the country, the company’s employee group said Monday. The plans are already facing pushback from labor unions in the country, where Volkswagen employs 295,000 people, setting the stage for possible strikes in the coming weeks. Volkswagen has been locked in negotiations with unions for weeks over its plans to cut costs and restructure business operations. A Volkswagen employee holds a placard reading "Hands off the collective agreement" during a VW works council event in Zwickau, eastern Germany on October 28, 2024. It has previously said that it would seek to terminate an employment protection agreement with labor unions, which has been in place since 1994, to “future proof” the business.

Persons: ” Thorsten Groeger, Metall, IG Metall, Volkswagen’s, Daniela Cavallo, ” Cavallo, Jens Schlueter, Gunnar Kilian, ” Thomas Schaefer, ”, Volkswagen Organizations: London CNN, Volkswagen, VW, IG, CNN, ”, Getty, Labor Locations: Germany, Zwickau, AFP, China, Europe

☆ What investors are watching Friday: Emerging markets and a top AI stock
▼ + stars: | 2024-10-25 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +3 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. A bullish take on emerging markets and insight into an artificial intelligence company were also discussed. CEO Alan Trefler appeared on "Worldwide Exchange" to discuss outlook for the future of his business. Eyeing emerging markets for opportunity Alan McKnight of Regions Bank is bullish emerging markets, citing the outperformance since the Fed rate cut in September but said China is a key factor.

Persons: Katrina Dudley, Franklin Templeton, Dudley, Wells, Alan Trefler, Alan McKnight, McKnight, it's Organizations: PRO, Worldwide, Federal Reserve, Verizon, Mobile, Citi, Regions Bank Locations: China, India, Brazil

☆ Defector Media started with a bang. It's an uphill climb to keep growing — just like in most of digital media.
▼ + stars: | 2024-10-16 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Defector, which relies on subscription revenue, was a hit out of the gate. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Defector's revenue is now up to $4.6 million a year, and it's still profitable. Defector thinks it can combat this with gift links that paying subscribers can pass along to their friends.

Persons: Deadspin, —, Tom Ley, Meredith DotDash, Jasper Wang, That's Organizations: Service, Media, Twitter, Google, Facebook

☆ I started my higher education at a community college and now have a six-figure job at a tech company. You don't need to have it all figured out in the beginning.
▼ + stars: | 2024-10-15 | by ( Kaila Yu | ) www.businessinsider.com time to read: +7 min

AdvertisementThis as-told-to essay is based on a conversation with Jen Lew, a 44-year-old business operations director based in San Francisco, about her career journey. I didn't know what to major in, so I figured I'd start with a more cost-effective community college and transfer to a state college in two years. Now, I'm a business operations director at LinkedIn without an MBA or Ivy League education. I didn't know what I wanted to do and was willing to take any job. After about two years in product management, LinkedIn contacted me directly about their global ad operations job.

Persons: Jen Lew, Lew's, —, It's, Ziff Davis, I'm, Manseen Logan Organizations: Safeway, Service, San Mateo City College, San Francisco State University, Ivy League, Metareward, Yahoo, LinkedIn Locations: San Francisco, Metareward, New York, mlogan

☆ I almost dropped out of high school and attended community college. I now have a six-figure job at a tech company.
▼ + stars: | 2024-10-15 | by ( Kaila Yu | ) www.businessinsider.com time to read: +7 min

☆ Jim Cramer says AMD's slide could be an opportunity — plus, a defense of Salesforce
▼ + stars: | 2024-10-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are slightly lower Thursday, but not far from the S & P 500 's record close set Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Salesforce, Piper Sandler, Laggard, Analysts, It's, Piper, Salesforce's, Lisa Su, Su, Jim, Jim Cramer's Organizations: CNBC, ., CRM, Nvidia, AMD, AMD's, UBS, Broadcom, JPMorgan Chase, BlackRock, Bank of New York Mellon, PPI, Jim Cramer's Charitable Locations: China, Wells Fargo

☆ How to create a continuity plan for your small business
▼ + stars: | 2024-09-23 | by ( Sponsor Post | ) www.businessinsider.com time to read: +5 min

A continuity plan is an essential tool designed to keep your small business operations humming even when there is a sudden emergency. Identify critical business functionsDocumenting your critical business functions will help prioritize tasks during an emergency. Make time for succession planning: Most small business owners want their business to continue even if they can no longer run it. State Farm® offers small business insurance options — such as a Business Owners Policy (BOP), which offers a combination of coverages to help protect your unique business. Your State Farm agent can help you protect your small business, so you can focus on growing your business.

Persons: —, it's Organizations: Fed, ®, Policy, State, Farm, Insider Studios

☆ Cards Against Humanity sues Elon Musk's SpaceX for allegedly trespassing on Texas land
▼ + stars: | 2024-09-20 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

The maker of the party game Cards Against Humanity has sued Elon Musk’s SpaceX accusing it of trespassing on and damaging company-owned property in Texas. The dispute involves a plot of vacant land near Brownsville, Texas, far from the Cards Against Humanity corporate headquarters in Chicago. No wall was ever built on the property, where the company keeps a “No Trespassing” sign, according to the company. Cards Against Humanity said it bought the land after 150,000 people each paid $15 toward a crowdfunding effort. Cards Against Humanity complained to SpaceX about the alleged trespassing and damage, according to a website the game maker set up devoted to the lawsuit.

Persons: Elon, Donald Trump, CAH, “ Organizations: Humanity, SpaceX, crowdfunding, Tesla, Reuters, CNBC Locations: Texas, Brownsville , Texas, Chicago, U.S, Mexico, Starbase, Rio Grande, of Mexico

☆ Panthers-Raiders game marks a first for the NFL with two women presidents at the helm
▼ + stars: | 2024-09-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

"I'm really proud of this moment," Carolina Panthers President Kristi Coleman told CNBC ahead of the game. The game is the first time two female presidents will go head-to-head in professional football. When the Carolina Panthers take on the Las Vegas Raiders on Sunday, it will mark a historic first for the National Football League. The NFL says 22 women currently hold full-time coaching positions in the NFL. As part of growing and developing that pipeline of women, the NFL holds an annual Women's Forum.

Persons: Kristi Coleman, David Tepper, Dave Canales, Coleman, Sandra Douglass Morgan, Mark Davis, Douglass Morgan Organizations: Carolina Panthers, CNBC, NFL, Las Vegas Raiders, National Football League . Carolina Panthers, Bank of America, Panthers, Tepper Sports & Entertainment, NFL League Office, The Institute, Diversity, University of Central Locations: Charlotte , North Carolina, Sport, University of Central Florida

☆ FBI investigating threatening letters sent to elections officials in several states
▼ + stars: | 2024-09-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Michael-Kosnar-Circle-Byline-Template.Jpg | Michael Kosnar | ) www.nbcnews.com time to read: +5 min

The FBI is warning election offices to be on the lookout after threatening letters containing suspicious substances were sent to the offices of multiple secretaries of state throughout the country. A senior law enforcement official confirms elections officials in at least six states received packages on Monday, but so far none of the packages have been found to contain any actual hazardous material. Secretaries of state, attorney general offices and state election offices in Nebraska, Iowa, Kansas, Tennessee, Wyoming and Oklahoma were targeted. The FBI, United States Postal Inspection Service (USPIS), and state and local law enforcement partners are investigating multiple letters containing suspicious substances which have been mailed to Secretary of State's offices. The incident is also the second time in the past year that threats have hit multiple state election offices simultaneously.

Persons: —, Robert Evnen, Chuck Gray, State Paul Pate, State Tre Hargett, Doug Kufner, Donald Trump, Trump, State Jena Griswold Organizations: FBI, ”, NBC News, U.S . Postal, Service, United States Postal Inspection Service, Memorial Hall, Nebraska State Patrol, Lincoln, Lancaster County Health Department, Nebraska, State, Hargett Locations: Nebraska , Iowa , Kansas , Tennessee , Wyoming, Oklahoma, ” In Kansas, Iowa, Topeka , Kansas, Lincoln , Nebraska, Nebraska, Lancaster, Wyoming, Tennessee, California , Georgia, Nevada , Oregon, Washington, Colorado

☆ Women at work are making gains in leadership roles, but catching up to men could take decades, new report estimates
▼ + stars: | 2024-09-17 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Women also made gains since 2018 in becoming vice president and senior vice president, but again in staff roles. Half of companies also offer support for those employees caring for sick family members or elderly parents, the study found. The report found that for every 100 men who received their first opportunity to be a manager, only 81 women got the same offer. “Given that employees with consistent manager support are more likely to be promoted, it very likely disadvantages them,” the analysis said. “Research shows that companies with more women in leadership benefit from greater innovation, healthier cultures, and stronger performance.

Persons: — Organizations: CNN, McKinsey & Company, Companies, evaluators, ” Employees, McKinsey, “ Research Locations: America

☆ Should your company pay cybercriminals after a ransomware attack? It depends.
▼ + stars: | 2024-09-13 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +7 min

Minder said some companies face going out of business if they don't pay the ransom. He said organizations might also pay when cybercriminals take sensitive or proprietary information, such as personally identifiable information, and threaten to release it. Both paying and not paying can be riskyLance said that whether to pay ransom is ultimately up to individual companies. The FBI warns against paying ransom to attackers, as there's no guarantee you'll get your data back. Seeking help is crucialLance said that if you encounter ransomware, "don't try to go at it alone without any experience."

Persons: —, Mark Lance, Kurtis Minder, Minder, Lance Organizations: FBI, Service, Google, MGM, Boeing, CDK Global, Caesars, GuidePoint, ransomware, IBM, US Securities and Exchange, cybercriminals Locations: Florida, North Carolina

☆ U.S. firms say confidence in China has hit an all-time low
▼ + stars: | 2024-09-13 | by ( Dylan Butts | ) www.cnbc.com time to read: +4 min

American companies in China are experiencing historically low business confidence and poor profits amid U.S.-China tensions and a slowing Chinese economy. Firms have also lost market share to Chinese competitors which have received more government support, the U.S.-China Business Council added. Their struggles in China have also been felt by EU businesses, according to an EU Chamber of Commerce in China report released on Wednesday. On how the U.S. government could support their firms in China, nearly half of AmCham respondents suggested a reduction of tariffs on Chinese goods. Foreign direct investment into China fell by 29.6% during the January to July period compared to a year ago, according to China's Ministry of Commerce.

Persons: Allan Gabor, Jeff Yuan, Evelyn Cheng Organizations: U.S, American Chamber of Commerce, U.S ., China Business Council, China Business, EU, of Commerce, China's Ministry of Commerce Locations: Shanghai, American, China, Washington, Beijing, U.S, PwC China

Microsoft told employees on Thursday that it has hired Carolina Dybeck Happe as its executive vice president and chief operations officer, reporting to CEO Satya Nadella. Dybeck Happe comes from GE, where she was senior vice president and chief financial officer from 2020 until September 2023. She will join Microsoft's senior leadership team alongside finance chief Amy Hood, cloud and AI engineering leader Scott Guthrie and other executives. GE CEO Larry Culp called Dybeck Happe "a high-impact executive" when GE announced in 2019 that it had picked Dybeck Happe to replace Jamie Miller as chief financial officer. Before that, she spent almost 17 years at Swedish lock company Assa Abloy, where she became chief financial officer and deputy CEO.

Persons: Carolina Dybeck, Satya Nadella, Dybeck Happe, Microsoft's, Amy Hood, Scott Guthrie, Nadella, Dybeck, Rajesh Jha, Larry Culp, Jamie Miller, Kevin Turner, Gene Munster Organizations: Microsoft, GE, Microsoft Digital IT, Microsoft Business Operations, GE Aerospace, GE Vernova, New York Stock Exchange, Maersk, Walmart Locations: Carolina, Swedish

☆ Big Lots files for bankruptcy
▼ + stars: | 2024-09-09 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Big Lots, the beleaguered discount retailer that previously warned it had “substantial doubt” about its survival, has filed for bankruptcy. As part of its Chapter 11 filing, the retailer announced that private equity firm Nexus Capital Management is acquiring “substantially all” of Big Lots stores and business operations. Big Lots blamed several economic factors for its bankruptcy, including high inflation and interest rates. Big Lots is in the process of closing roughly 300 of its 1,400 store across the United States. Big Lots joins a growing list of well-known retailers hitting financial turbulence as customers cut back spending on non-essential items.

Persons: ”, Bruce Thorn, McDonald’s, it’s, Sarah Foss, ” Foss Organizations: New, New York CNN, Nexus Capital Management, Lots, Walmart, Debtwire, CNN Locations: New York, United States

☆ Dick's Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election
▼ + stars: | 2024-09-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

For fiscal 2024, Dick's is now expecting diluted earnings per share to be between $13.55 and $13.90, up from previous guidance of $13.35 to $13.75 per share. At the midpoint, Dick's only raised its earnings guidance by about 18 cents, even though its fiscal second-quarter earnings came in 54 cents higher than expected. At the low end, Dick's earnings guidance falls a bit short of the $13.79 that analysts had expected, according to LSEG. Dick's maintained its sales guidance of $13.1 billion to $13.2 billion, which also fell flat compared with the $13.24 billion that analysts were looking for, according to LSEG. Dick's is slated to discuss its results with analysts and share more insights on its guidance at 8 a.m.

Persons: Lauren Hobart, Dick's, didn't, Walmart –, there's Organizations: Sporting Goods, LSEG, Target, Walmart, Federal

☆ Social media keeps catching Wall Street off guard
▼ + stars: | 2024-08-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

In 2015, he created TickerTags, a social media data aggregator that tracks company mentions, and sold it to Jefferies' M Science. To be fair…Speculating and making decisions based on social media trends is a risky wager. Wall Street doesn't always respond to social media trends that could negatively drive fundamentals because there aren't tools to understand the impacts, McKeown noted. In the event a social media trend is mentioned, it's not factored into their valuation model, Ober added. How social media sentiment plays into a thesis should depend on an investor's time horizon.

Persons: It's, Bud Light's, influencer Dylan Mulvaney, BUD, Kirk McKeown, Chris Camillo, Jefferies, Camillo, Bud, didn't, Paul Johnson, Laxman Narasimhan, misperception, Sara Senatore, I've, Senatore, Chipotle, Keith Lee, dollies, Brian Niccol, Goldman Sachs, They're, Matt Ober, they're, I'd, McKeown, it's, Ober Organizations: Service, Business, Anheuser, Busch, Wall Street, Pew Research Center, Molson, TAP, Starbucks, Nicusa Investment, Columbia Business School, of America Locations: Palestine, Gaza, SBUX

☆ China's Communist Party expels former CNPC chairman, state media says
▼ + stars: | 2024-08-01 | by ( ) www.cnbc.com time to read: +1 min

China's ruling Communist Party has expelled Wang Yilin, former chairman and party secretary of state-owned China National Petroleum Corp, for discipline violations, state media said on Wednesday. China's ruling Communist Party has expelled Wang Yilin, former chairman and party secretary of state-owned China National Petroleum Corp, for discipline violations, state media said on Wednesday. He also accepted travel arranged by private entrepreneurs on multiple occasions, the report said. Wang's case will be transferred to prosecutors for investigation in accordance with the law, state media said. CNPC said in a statement late on Wednesday that it "firmly supports" the decision, adding that the ruling shows the Party's "zero-tolerance" stance on corruption.

Persons: China's, Wang Yilin, Wang, CNPC Organizations: Communist Party, China National Petroleum Corp, Reuters

The U.S. Small Business Administration recommends opening a business bank account once you're ready to spend money or begin collecting income. Whether you're a freelancer, small business owner, or full-scale corporation executive, a business bank account is an important stepping stone to becoming a fully-fledged business. Once you've developed a formal business plan and received the necessary certificates and licenses for your business, opening a business bank account will be the next step. These are the most common business bank accounts available at most banks:Business checking account : You can manage everyday business operations with a business checking account. Additional business documentationEvery business owner needs to provide basic business information to open a bank account, including the business name and address.

Persons: you've, Merchant, EIN, hasn't Organizations: U.S, Small Business Administration Locations: Chevron

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