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☆ Honeywell signs deal with Google to bring Gemini generative AI to industrial sector
▼ + stars: | 2024-10-21 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

"Everyone has that problem in industrials," he said at the recent CNBC Evolve AI Opportunity event. The Google AI will offer images, videos, text and sensor readings to engineers. According to Honeywell data, 82% of companies in the industrial sector that consider themselves AI leaders are behind on adoption, with only 17% having fully launched initial AI plans. Siemens and Microsoft announced a gen AI deal for the industrial sector late last year, which included an AI copilot for use across industries. "Awareness is high, adoption is low, but there will be an inflection point," he said at the recent CNBC AI event.

Persons: Rick Osterloh, Vimal Kapur, Kapur, Suresh Venkatarayalu, Carrie Tharp, Delangue Organizations: Devices, Google, Honeywell, CNBC, Honeywell Forge, Workers, Companies, Gemini, Amazon, Nvidia, Siemens, Microsoft Locations: Mountain View , California, industrials

☆ Why Honeywell CEO Vimal Kapur doesn't think the AI payoff will come from productivity
▼ + stars: | 2024-10-14 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

As CEO of one of the world's largest industrial conglomerates, Honeywell 's Vimal Kapur doesn't think about AI like most individuals. "There is always a trend which makes your skills obsolete, every five years," Kapur said at the recent CNBC Evolve: AI Opportunity Summit in New York City. The AI opportunity for Honeywell is creating a new labor pool that can learn and work alongside AI and accumulate and deploy institutional knowledge much faster. "The future belongs to companies with 'first-order' data sets," he told CNBC "Closing Bell Overtime" anchor Jon Fortt at the Evolve: AI Opportunity event. "Data and data sets are the next frontier for AI," Delangue said.

Persons: Kapur, It's, it's, Jake Loosararian, Jon Fortt, Clément Delangue, Delangue, Katherine Forrest, Paul, Weiss, Garrison, Honeywell's Kapur Organizations: Honeywell, Labor, Nvidia, Gecko Robotics, CNBC, Amazon, Google Locations: New York City, industrials, Rifkind, Wharton

☆ Ryan Serhant: AI will make real estate agents more personable in home buying and selling
▼ + stars: | 2024-10-06 | by ( Alexandra Ferreyros | ) www.cnbc.com time to read: +4 min

With AI reshaping daily operations of a real estate agent's business by automating tasks — from generating property listings to conducting neighborhood analyses — the agent's focus in day-to-day activities will shift. Serhant says AI won't virtualize relationships, but for the real estate agents who embrace the AI revolution — which he says is a necessary move to make — it will strengthen their relationships. The real estate industry is still in the initial stages of adopting AI and understanding remains low among real estate professionals, but the interest is there. But the survey also finds that real estate professionals have very low understanding of AI compared to other technologies. The FBI reported a big year-over-year increase in wire fraud cybercrime losses in 2023, driven significantly by real estate transactions.

Persons: Ryan Serhant, Serhant Organizations: CNBC, JLL Technologies, Estate Technology Survey, FBI Locations: Manhattan, New York City

☆ The holiday spending outlook is sluggish across thousands of retailers: CNBC Supply Chain Survey
▼ + stars: | 2023-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

Photographer: Christopher Dilts/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAs holiday shopping season begins, lack of big orders from retailers is the rule amid fears that consumer spending will be weak, according to a new CNBC Supply Chain Survey. At the CNBC Evolve Global Summit last Thursday, Target CEO Brian Cornell said the company is doubling down on its cautious outlook for the holiday season. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. Lunar New Year and order volumes The CNBC Supply Chain Survey underscores an overall climate of uncertainty that is defining the market right now. The freight trucking recession Trucking companies get paid per load, and the low expectations for orders imply potentially lower revenue this holiday season.

Persons: Christopher Dilts, Robinson, Noah Hoffman, Hoffman, Jeremy Barnum, Brian Cornell, Raj Subramaniam, restocking, Kuehne, Nagel, Paul Brashier, Tim Robertson, Robertson, Brian Bourke, Elmer Buchta, Jeff Bezos, Uber, Brashier, Berkshire Hathaway, Alan Baer Organizations: Bloomberg, Getty Images Bloomberg, Getty, CNBC Supply Chain Survey, North American Surface Transportation, CNBC, Global, FedEx, Chain Survey, SEKO Logistics, USA, ITS Logistics, Amazon, Maersk, Logistics, Convoy, Tank Transport, U.S ., Union Pacific, BNSF, Norfolk Southern, CSX Locations: Chicago , Illinois, C.H, U.S, China, United States, Montana, Indiana, Panama, West Coast, U.S . West Coast, Los Angeles, Berkshire, West, East Coast

☆ Target CEO blames aggressive behavior, serious threats for pulling some Pride merchandise
▼ + stars: | 2023-11-02 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

Target CEO Brian Cornell defended his decision to pull some of the retailer's Pride Collection merchandise off shelves earlier this year, saying backlash against the items led to the most serious safety threats that he can recall in his decade with the company. Target has sold merchandise timed for Pride month, which celebrates LGBTQ+ people and issues in June, for more than a decade. In August, Cornell said the strong reaction to the company's Pride collection contributed to Target's disappointing sales in the second quarter. Cornell said in the CNBC interview he thinks the Pride response is no longer hurting Target financially, though he noted the retailer faces other challenges. Cornell's full interview with CNBC will air later Thursday as part of CNBC Evolve.

Persons: Brian Cornell, CNBC's Becky Quick, Cornell, We've, George Floyd's, Becky, I've, influencer Dylan Mulvaney Organizations: . Beverage, InBev, Bud, CNBC, CNBC Evolve Locations: Minneapolis

☆ Target CEO says shoppers are pulling back, even on groceries
▼ + stars: | 2023-11-02 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +1 min

Target CEO Brian Cornell says shoppers are pulling back, even on groceries, as they feel stressed about their budgets. "But even in food and beverage categories, over the last few quarters, the units, the number of items they're buying, has been declining," he said in the interview. With the comments, Target doubled down on a cautious outlook, as it gears up for the crucial holiday season. During the height of the pandemic, it didn't have enough merchandise because of pandemic-related supply chain bottlenecks. Over the past few years, Cornell said shoppers have typically sprung for more purchases during "seasonal moments" such as Halloween or Mother's Day — a factor that could help in the coming months.

Persons: Brian Cornell, CNBC's Becky Quick, Cornell Organizations: CNBC, CNBC Evolve

☆ The No. 1 soft skill you get working in fast food 'can help you excel in any job,' says McDonald's HR exec
▼ + stars: | 2023-10-29 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

A successful career could start behind a cash register or at a drive-thru window. More than 3 million people work at fast food restaurants across the U.S., according to the latest numbers published by the Bureau of Labor Statistics. Working in fast food offers opportunities to cultivate "critical soft skills" including time management, customer service, communication and adaptability, Boyd says. But the most important skill you develop as a fast food employee is learning to work quickly and efficiently under pressure. "It was the first opportunity that gave me a strong work ethic and started me on my way to my career," Rigsby, 36, said.

Persons: Tiffanie Boyd, McDonald's, Boyd, Jeff Bezos, Barack Obama, Queen Latifah, Cody Rigsby, — Rigsby, he's, Rigsby, it's Organizations: Bureau of Labor Statistics, CNBC, Amazon, Global Locations: U.S, McDonald's, Greensboro , North Carolina, New York City

☆ Reddit co-founder Alexis Ohanian: If you want more success than most people, trick your brain into the 'surfer mindset'
▼ + stars: | 2023-10-28 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

The most successful people in life can recognize a window of opportunity, and know when and how to seize it. It's not unlike surfing, according to Reddit co-founder Alexis Ohanian. A "surfer's mindset" can help you succeed in both life and business, Ohanian told students in a keynote address at his alma mater, the University of Virginia, last week. Afterward, you might "paddle back out ... and wait five hours for another good wave," he continued. "That mindset is the right mindset for a life well-lived," he said.

Persons: Reddit, Alexis Ohanian, Ohanian, You've, Patrón —, you've, Bill Gates, Steve Jobs, Steve Huffman, Huffman, Y Combinator Organizations: University of Virginia, CNBC, Global

☆ Taylor Swift has reportedly entered her billionaire era with success of Eras Tour
▼ + stars: | 2023-10-27 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

Taylor Swift has entered her billionaire era. The music Swift has released since 2019 is valued at $400 million, Bloomberg reports, while her income from sales of tickets and merchandise to her massive concert tour is $370 million. Her earnings from streams of her music, real estate portfolio and royalties from music sales are estimated at $310 million. Earlier this summer, Swift's Eras Tour was already poised to become the highest-grossing tour of all time, earning a record-setting $1 billion in sales. A recently released concert film of the Eras Tour quickly became the highest-grossing domestic concert film ever, raking in just short of $100 million during its opening weekend.

Persons: Taylor Swift, Travis Kelce, Swift Organizations: Super, Bloomberg, CNBC, Global

☆ 92% of American adults say they prefer to date people who've been to therapy, survey shows
▼ + stars: | 2023-10-25 | by ( Renée Onque | ) www.cnbc.com time to read: +3 min

It found that most people are looking for partners who have either seen a mental health professional in the past or are currently seeing one now. Fully 92% of those polled said they prefer to date people who've been to therapy, the September survey found. "I don't like what you do, so I say you're gaslighting me," Perel said. That is to say, while some people get useful insight and assistance out of working with a mental health professional, other people may just get buzzwords. "If you've never felt the need for therapy, you're not ready, or it's simply not for you," Pure notes, "your romantic prospects are probably just fine."

Persons: who've, Esther Perel, Perel, hasn't, you've Organizations: CNBC, Global

☆ Want to raise happy, successful kids? ‘Wait as long as possible’ to give them a phone, says Yale expert
▼ + stars: | 2023-10-23 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

There's only one correct answer if you want them to lead happier, more successful lives, says Yale University psychology professor Laurie Santos: "Wait as long as possible." This is likely to encourage poor mental health — in ways that affect kids differently than adults — and distractions in the classroom, Santos says. Social media use exposes many kids to cyberbullying, hate speech and discrimination, Make It reported in May. "These are brains that are forming and trying to pay attention in school [while their phones are going] ding, ding, ding." "They're not going to want to do as you say, they're going to want to do as you do," Santos says.

Persons: Laurie Santos, Santos, Michael Robb, They're Organizations: Yale University, CNBC, Media, Global

☆ The 3 in-demand soft skills candidates are 'most lacking in,' according to ZipRecruiter
▼ + stars: | 2023-10-23 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Hiring managers are less and less impressed by where you went to college — or if you have a four-year degree at all. Nearly half — 45% — of companies have dropped degree requirements for some roles this year, according to new research from ZipRecruiter, which surveyed more than 2,000 U.S. employers. Instead, companies are prioritizing skills over education: 42% of companies are now explicitly using skills-related metrics to find candidates, LinkedIn told CNBC Make It in June, up 12% from a year earlier. "Employers have the perception that younger generations are no longer picking up these important soft skills at school or at college," she explains. Between 2021 and 2022, when companies were desperate to fill vacancies, many lowered their recruiting standards, hiring more "novice employees" lacking these important soft skills, says Pollak.

Persons: Julia Pollak, Marissa Morrison, Morrison, Pollak, Gen, Amanda Augustine, you've, Augustine Organizations: CNBC, Harvard Business, Glass Institute, Employers, Society for Human Resource Management, Global Locations: ZipRecruiter

☆ What Alex Rodriguez taught his daughters about recovering from major mistakes: ‘You have to stand up, take the hit’
▼ + stars: | 2023-10-23 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

When Alex Rodriguez's teen daughters make mistakes, he wants them to feel comfortable enough to come clean to their parents. The 48-year-old former Major League Baseball All-Star, who retired in 2016, has made his own share of high-profile mistakes. It felt particularly important for Rodriguez, whose father left his family when he was 10 years old. It can help relieve anxiety, teach that no one is perfect and model the good behavior of taking responsibility for your actions. It's unrealistic to expect your children to never make mistakes, Rodriguez adds: If his daughters never messed up, he'd worry "they're not pushing hard enough."

Persons: Alex Rodriguez's, Rodriguez, he'd, —, Rod Corp, Natasha, Mark Cuban, Warren Buffett Organizations: Major League Baseball, CNBC, Rod, National Basketball Association's Minnesota Timberwolves, University of Michigan, Global

☆ McDonald's is giving away free fries every Friday for the rest of the year—here’s how to order
▼ + stars: | 2023-10-23 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

Now, with the fast food giant's latest promotion, you can get a free medium order of its famous fries every Friday through the end of the year — with any purchase. The "Free Fries Friday" offer begins on Oct. 27 and will continue every week until Friday, Dec. 29, giving you 10 chances to take advantage of the deal. To get the free spuds, you'll need to download the McDonald's app and make an account. The free medium fries can also be found under the deals tab. The home of the Big Mac previously gave out free fries in July in honor of National French Fry Day.

Persons: you'll, Big Mac, Fry, McDonald's Organizations: National, CNBC, Global

☆ Couple had $18 in the bank when they started their company—now they have millions in revenue and a $400,000 'Shark Tank' deal
▼ + stars: | 2023-10-23 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

When James and Johanna Windon launched Buena Papa two years ago, they had just $18 in their bank account. Now, they bring in millions of dollars in annual revenue across three North Carolina restaurant locations, they said on Friday's episode of ABC's "Shark Tank" — during which they landed a $400,000 investment offer from millionaire entrepreneur Robert Herjavec. Despite no prior restaurant experience, the pair "invested our life savings [of] $40,000," leaving just $18 behind, James said. Mark Cuban opted out, citing the difficulty of simultaneously operating restaurant locations and overseeing any number of franchisees. That left Robert Herjavec, who offered the Windons $400,000 for 20% of Buena Papa.

Persons: James, Johanna Windon, Robert Herjavec, Johanna, we're, bootstrapping, They'd, haven't, Mark Cuban, Kevin O'Leary, Barbara Corcoran, Lori Greiner, Corcoran, Herjavec Organizations: Buena Papa, Colombian, Buena, CNBC, Global Locations: Carolina, Buena Papa —, Mexican, Puerto Rican, Raleigh, Colombia, Miami, French, Buena Papa, Raleigh , North Carolina, United States

☆ Women in Iceland go on strike for a day to protest pay gap and violence
▼ + stars: | 2023-10-23 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Tens of thousands of women across Iceland — including the prime minister — are expected to participate in a one-day strike Tuesday in protest of the ongoing gender pay gap and gender-based violence. It is expected to be the largest walkout by Icelandic women in almost 50 years, according to the strike's official website. Close to 90% of Iceland's female population went on strike on October 24, 1975, to demand gender equality. Prime Minister Katrín Jakobsdóttir told the Icelandic news site Iceland Monitor that she will refuse to work on the strike day and expects other women in government to join her "in solidarity with Icelandic women." In 2018, a University of Iceland study found that 40% of Icelandic women experience gender-based and sexual violence in their lifetime.

Persons: —, Katrín Jakobsdóttir, Jakobsdóttir, We're, Freyja, BSRB, That's, Steingrímsdóttir Organizations: Federation of, Public Workers Union, Iceland Monitor, New York Times, Iceland's, RÚV, World Economic, OECD, University, Times, CNBC, Global Locations: Iceland, Landspitali, Belgium, Italy

☆ Billionaire Mark Cuban used this sales pitch for his first tech startup in 1989—here's why it worked
▼ + stars: | 2023-10-21 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

When Mark Cuban launched his first tech startup, he couldn't have known he'd end up a billionaire today. He was confident, though, that his sales pitch for the company — a software startup called MicroSolutions — would work. In the proposal, Cuban wrote that his tool would be a great resource for attorneys looking to streamline their workflow — by having information "immediately published electronically to the organization," as opposed to using notebooks. Basically, it was our version of Slack long before Slack," Cuban wrote in a follow-up post. A year after sending his pitch to the law firm, Cuban sold MicroSolutions to now-defunct internet services company CompuServe for $6 million.

Persons: Mark Cuban, Cuban, Gilchrist, Slack Organizations: Twitter, GQ, Cuban, CompuServe, Yahoo, Forbes, CNBC, Global Locations: Dallas, Cuban

☆ The League was criticized as the dating app for elitists—'that was actually never the case,' founder says
▼ + stars: | 2023-10-20 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +9 min

When The League first entered the emerging dating app space in 2014, it was labeled "elitist." All of this, of course, makes The League harder to join than other dating apps such as Tinder or Bumble. Eight years since that post, and one year since the app was acquired by Match Group, Bradford maintains the app isn't elitist. It's less about what you've achieved and more about where you're going. Bradford: She's a Harvard graduate and thinks people from those schools want someone that's going to match them from those communities.

Persons: Amanda Bradford, Bradford, Aditi Shrikant, it's, It's, you've, Wharton MBAs, I've, she's, She's Organizations: League, The League, LinkedIn, Match Group, Bradford, CNBC, Pew Research Center, People, Survey, Ivy League, Harvard, MTA, York's Metropolitan Transportation, Global Locations: Bradford, San Francisco

☆ CEO shares his No. 1 tip for finding a mentor—and the big mistake to avoid on your search
▼ + stars: | 2023-10-20 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

Matt Higgins' "number one" piece of advice for finding a highly successful mentor: Don't ask anyone to mentor you. The "Shark Tank" investor and RSE Ventures CEO doesn't like it when people cold-message him with mentorship requests, he said during Tuesday's CNBC Make It: Your Money virtual event. You could ask Higgins, for example: "I heard on 'Shark Tank' that you struggle with impostor syndrome. Putting ego aside and asking for help isn't embarrassing, Higgins said. Higgins isn't the only "Shark Tank" star to weigh in on the value of mentorship.

Persons: Matt Higgins, Mentorships, Higgins, wasn't, he's, Mark Cuban, I've, John, Barbara Corcoran Organizations: RSE, CNBC, Global Locations: They're

☆ Ray Dalio says this 1 question will help you uncover someone's true motives: 'This applies to everything'
▼ + stars: | 2023-10-19 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Almost everyone has an ulterior motive, according to billionaire investor Ray Dalio — and figuring it out comes down to asking yourself one simple question. "This applies to everything: when you're buying something, asking for advice, reading the newspaper, watching the news, etc.," he wrote. "That is because most people (though not all people) are trying to sell you something that will help them get the things they want." As for seeing things from a "higher level," Dalio has long attributed that ability to his success at evaluating financial markets. "I call this ability to rise above your own and others' circumstances and objectively look down on them 'higher-level thinking,'" Dalio wrote on Facebook a year later.

Persons: Ray Dalio —, Dalio, Diane Dreher, " Dreher Organizations: Bridgewater Associates, Pew Research Center, Psychology Today, YouTube, Facebook, CNBC, Global Locations: U.S

☆ 43-year-old's bar for women’s sports brought in $1 million in 8 months—this 1 sentence from her business plan made it happen
▼ + stars: | 2023-10-18 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

In early 2022, Jenny Nguyen sat down to write a business plan for what would become The Sports Bra. That's her one-of-a-kind bar in Portland, Oregon, which only plays women's sports on its TVs and pulled in nearly $1 million in revenue in its first eight months of business. At the time, it was a hypothetical venture — and Nguyen wasn't confident that it would work. Sports bars dot the streets of every city, but Nguyen felt those businesses too often ignored any women's sporting events. DON'T MISS: Want to be smarter and more successful with your money, work & life?

Persons: Jenny Nguyen, Nguyen wasn't, Nguyen, —, She'd Organizations: Sports, CNBC, Global Locations: Portland , Oregon

☆ This is the best university in the U.S, according to global rankings—it isn't an Ivy League
▼ + stars: | 2023-10-18 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +5 min

Princeton University earned the top spot on both The Wall Street Journal's and U.S. News and World Report's rankings for 2024. The University of Oxford in the United Kingdom was named the best university in the world for the eighth year in a row, according to Times Higher Education's ranking of over 1,900 universities worldwide. Oxford, the world's second-oldest university, continues to be a global leader in academic research and instruction nine centuries after its conception. Times Higher Education uses metrics across five areas — teaching, research environment, research quality, industry innovations and international outlook — to rank universities around the world. Though the U.S. doesn't hold the top spot, the next three best-ranked universities are American — but the two highest-ranked ones aren't Ivy League schools.

Persons: United Kingdom Stanford University —, Berkeley — Organizations: Ivy League, U.S, Princeton University, U.S . News, University of Oxford, Oxford, university, Higher Education, doesn't, aren't Ivy League, Stanford University and Massachusetts Institute of Technology, Harvard, Princeton, Oxford University, The University of Oxford —, United Kingdom Stanford University, United Kingdom Stanford University — Stanford, United States Massachusetts Institute of Technology, United States Harvard University — Cambridge, United States University of Cambridge —, United Kingdom Princeton University — Princeton, United States California Institute of Technology, United States Imperial College London —, United Kingdom University of California, United States Yale University — New, United States ETH Zurich —, Switzerland Tsinghua University — Beijing, University of Chicago, United States Peking University — Beijing, China Johns Hopkins University — Baltimore, United States University of Pennsylvania, United States Columbia University —, United States University of California, Los Angeles —, United States National University of Singapore — Singapore Cornell University — Ithaca, United States Times Higher Education, CNBC, Global Locations: U.S, United Kingdom, The University of Oxford — Oxford, California, United, United States Massachusetts Institute of Technology — Boston, United States Harvard University — Cambridge , Massachusetts, United States University of Cambridge — Cambridge, United Kingdom Princeton University — Princeton , New Jersey, United States California Institute of Technology — Pasadena , California, United States Imperial College London — London, Berkeley, Berkeley — Berkeley , California, United States Yale University — New Haven , Connecticut, United States, United States ETH Zurich — Zurich, Switzerland, China, University of Chicago — Chicago, Philadelphia, York, Los Angeles, Los Angeles — Los Angeles, New York

☆ I lost my wallet this weekend—and took these 3 steps right away to protect my finances
▼ + stars: | 2023-10-18 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

This past weekend I took a road trip to Pennsylvania with friends and lost my wallet somewhere along the way. I retraced my stepsI recalled visiting a Wawa about 30 minutes from my location in Pennsylvania, but my wallet wasn't there. Fortunately the location was just about an hour away from home and I was able to retrieve my wallet. I used Apple PayI was in Pennsylvania for a weekend-long vacation and lost my wallet on day one. But I learned you don't actually have to have a bank card attached to your Apple Wallet to spend and receive money in the app.

Persons: I've Organizations: Starbucks, Apple, CNBC, Global Locations: Pennsylvania, Wawa, Ubers

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