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☆ Uber and Lyft drivers say Waymo's robotaxis are hurting their earnings in Phoenix and LA
▼ + stars: | 2024-11-29 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

AdvertisementUber and Lyft drivers in Phoenix and LA have said driverless taxis are hurting their earnings. Some Uber and Lyft drivers have said the driverless taxis operating in their markets are driving down their earnings. Some drivers told BI this was already happening. AdvertisementRestrictions on robotaxis could help reduce competitionJohn, a 43-year-old Uber and Lyft driver in Phoenix, said he thought Waymo One's robotaxis had hurt his earnings. He sometimes asks his passengers about their experiences using driverless taxis to get a better understanding of his competition.

Persons: Jason D, Jason, Uber, Carl Benedikt Frey, Frey, Waymo, didn't, Mobileye, John, Waymo One's robotaxis, Brad, aren't, Nicole Moore, who's Organizations: Phoenix, Austin, Oxford Internet Institute, Drivers United Locations: Phoenix, LA, Los Angeles, San Francisco, Atlanta, Las Vegas, —, Waymo, robotaxis

☆ DK Metcalf: The journey of the ‘eclectic’ Seattle Seahawks receiver
▼ + stars: | 2024-11-28 | by ( Coy Wire | Ben Morse | ) edition.cnn.com time to read: +9 min

The then-21-year-old was ruled out for the remainder of the season, and a doctor told him at the time that he’d never play football again. But remarkably, Metcalf made a full recovery, declaring for the 2019 NFL Draft in which he was selected by the Seattle Seahawks with the final pick of the second round. But despite his impressive showing, Metcalf fell to the second round of the NFL Draft where the Seahawks selected him with the 64th overall pick – the ninth receiver taken overall. Metcalf was selected with the 64th pick in the 2019 NFL Draft. “Because there was a time where I was sitting in college with a broken neck not knowing if I was going to play football again.

Persons: CNN —, Metcalf, he’d, CNN Sport’s Coy, “, ” Metcalf, Wire, Jennifer Stewart, Terrence, Terry, Eric, ”, Ole Miss, AJ Brown, Russell Wilson, Budda Baker, Baker, Kliff Kingsbury, Pete Carroll, I’ve, ” Baker –, –, Steph Chambers, ’, it’s, Joe Nicholson, – Metcalf, Decaf Metcalf ” –, … Organizations: CNN, CNN — DK, Ole Miss, Alabama, Seattle Seahawks, CNN Sport’s, NFL, Chicago Bears, Detroit Lions, New, New Orleans Saints, Seahawks, Seattle, Cincinnati Bengals, Eagles, Pro, Arizona Cardinals, Cardinals, Dallas Cowboys, USA, Reuters, Sound Organization, Small Locations: Oxford , Mississippi, New Orleans, Mississippi

☆ Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast
▼ + stars: | 2024-11-28 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

A Chinese bank worker prepares to count a stack of US dollars together with stacks of 100 Chinese yuan notes at a bank in Hefei, east China's Anhui province on March 9, 2010. STR/AFP | Getty ImagesChinese authorities are contending with a weakening yuan as global investment banks forecast the currency to hit record lows, in anticipation of U.S. president-elect Donald Trump following through with his tariff threats. That would mark the currency's weakest level on record, according to LSEG data going back to 2004. Trump had already pledged 60% or higher tariffs on Chinese goods during his election campaign. The PBOC has been supporting the value of onshore yuan by capping the daily reference rate at 7.20 on the dollar this year.

Persons: Donald Trump, Morgan, Morgan Stanley, Goldman Sachs, Trump, Jonas Goltermann, Kotecha, Wang, Ju Wang, Cedric Chehab Organizations: Getty Images, U.S, UBS, BNP, Barclays, Generale, Morgan, Macquarie Group, Nomura, ING, Oxford, Trump, Capital Economics, FX, Greater China FX, Reuters, BNP Paribas, BMI Locations: Hefei, Anhui, U.S, Asia, China

President-elect Donald Trump said he intends to nominate Dr. Jay Bhattacharya, a Stanford University professor known for his criticism of Covid lockdowns, to serve as the next director of the National Institutes of Health. In a statement Tuesday, Trump said, "Dr. Bhattacharya will work in cooperation with Robert F. Kennedy Jr. to direct the Nation's Medical Research, and to make important discoveries that will improve Health and save lives." Bhattacharya gained national attention in October 2020, when he co-wrote the "Great Barrington Declaration," an open letter calling on public health officials to roll back Covid lockdowns. Several days after the Great Barrington Declaration came out, 80 researchers from the fields of public health, epidemiology and more published a joint letter in the medical journal The Lancet, calling the idea "a dangerous fallacy." Tedros Adhanom Ghebreyesus, the director general of the World Health Organization, called the proposal unethical.

Persons: Donald Trump, Jay Bhattacharya, Covid, Trump, Dr, Bhattacharya, Robert F, Kennedy Jr, Kennedy, Jim O’Neill, O'Neill, Bush, Martin Kulldorff, Sunetra Gupta, Ghebreyesus, ” Ghebreyesus, Anthony Fauci Organizations: Stanford University, National Institutes of Health, Nation's, Research, Health, Department of Health, Human Services, Centers for Disease Control, Food and Drug Administration, Harvard, Oxford, World Health Organization, National Institute of Allergy Locations: American, Barrington

☆ Ikea warns Trump’s tariffs could push up prices
▼ + stars: | 2024-11-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

“We have never experienced a period of benefit when we had high tariffs,” he said, referring both to Ikea and the global economy. We will need to understand and adapt.”On Monday, President-elect Trump promised massive hikes in tariffs on goods coming from Mexico, Canada and China. The bulk of Ikea’s goods — some 70% — are produced in Europe, with the remaining 30% made in Asia, mostly China. Last year, Ikea cut prices on roughly 2,000 products — at a cost of more than €2 billion ($2.1 billion) — to give inflation-weary consumers a break. Ikea's Frakta bag displayed in Munich during a celebration of the brand's 50th anniversary in Germany on October 17, 2024.

Persons: Donald Trump’s, ” Jesper Brodin, ”, Trump, Claudia Sheinbaum, Tom Madrecki, General Mills, Molson, Ikea’s Brodin, Hus, Johannes Simon Organizations: London CNN, Ingka, CNN, Ikea, Consumer Brands Association, Molson Coors, Oxford Locations: Mexico, Canada, China, United States, Europe, Asia, Munich, Germany, Wembley, Croydon, London

☆ Oxford University Names William Hague Its New Chancellor
▼ + stars: | 2024-11-27 | by ( Amelia Nierenberg | ) www.nytimes.com time to read: 1 min

The University of Oxford announced on Wednesday that William Hague, a former leader of Britain’s Conservative Party, will be its next chancellor. Mr. Hague, 63, was chosen in an online vote of about 25,000 Oxford alumni and staff members. He will begin his 10-year term early next year and will serve as Oxford’s 160th chancellor. The role is largely ceremonial but also involves advocacy and fund-raising work, the university said. A zumba teacher and an “anti-woke” Anglican clergyman were among those who cast their hats into the ring.

Persons: William Hague, Elish Angiolini, Mr, Hague, ” Mr, ” Organizations: University of Oxford, Britain’s Conservative Party, Oxford Locations: Oxford

☆ Black Friday is almost here but some sales aren't all they are cracked up to be: Here's what not to buy
▼ + stars: | 2024-11-26 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Shoppers walk along 5th Avenue on Black Friday in New York, US, on Friday, Nov. 25, 2022. Bloomberg | Bloomberg | Getty ImagesRetailers hype Black Friday sales, and it works. According to WalletHub's 2024 Best Things to Buy on Black Friday report, 41% of items at major retailers offer no savings compared with their pre-Black Friday prices. What not to buy on Black FridayTypically, Black Friday is a great time to find rock-bottom prices on fall clothing — including flannels, denim, coats and accessories — as well as televisions and consumer electronics. In-store Black Friday spending is expected to grow by 7.3 per cent in the UK this year.

Persons: Andrea Woroch, PIRG, Etsy, Adam Davis, Davis, Lauren Beitelspacher, Lululemon, Woroch, Leon Neal Organizations: Bloomberg, Getty, National, Wells, Wells Fargo Retail Finance, Finance, Babson College, Nike, Day, Labor, Oxford Circus Locations: New York, R.J, Wells Fargo, Oxford

☆ ‘If you mark it down, they will come.’ What to expect from retailers this holiday season
▼ + stars: | 2024-11-26 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

While economists say this holiday shopping season could ultimately be the most normal one (sales-wise) since before the pandemic, it’s also decked out with plenty of uncertainty. While it would set a new record as well (keep in mind, those figures aren’t adjusted for inflation), this holiday season might be a little more muted than last. A shortened holiday seasonA short shopping season, however, may force the hands of retailers who are looking to hold back on deep promotions. This year, there are 26 days between Thanksgiving and Christmas, marking the shortest holiday shopping season possible. Courtesy Dan MarshallMarshall remains quite optimistic that Mischief will enjoy yet another strong Black Friday, Small Business Saturday and, ultimately, holiday season.

Persons: It’s, it’s, ”, Neil Saunders, “ it’s, Frederic J . Brown, TJ Maxx, Scrooge ‘, Saunders, ” Franklin Bracken, Locker, Bing Guan, ” Bracken, Jeffrey Davidson, “, ” Davidson, Shannon Grein, “ It’s, Seth Wenig, TransUnion, Charlie Wise, TransUnion’s, Wise, Brendan McDermid, Dan Marshall, Marshall, Dan Marshall Marshall, “ We’re, —, they’ll Organizations: CNN, B Department, Jersey Shore, National Retail Federation, GlobalData, Getty, Walmart, Target, Goldman, Global Retailing Conference, Bloomberg, Black, University of Michigan, Reuters, November’s University of Michigan, University of Locations: Jersey, Las Vegas , Nevada, AFP, New York, New Jersey, Wells Fargo, Ramsey , New Jersey, Wells, New York City, Oxford, St, Paul , Minnesota

☆ Scientists unravel how squirting cucumbers spew their seeds
▼ + stars: | 2024-11-26 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +7 min

Squirting cucumbers blast their seeds over distances hundreds of times their length, and now scientists know how the plants do it. A squirting cucumber in action is a remarkable sight, but if you blink, you might miss it — the eruption lasts about 0.03 second (30 milliseconds). Squirting cucumbers, also known by the scientific name Ecballium elaterium, are found across the Mediterranean and Europe, and in parts of northern Africa, Australia, Asia and North America. The seeds of a squirting cucumber can reach distances of about 33 feet away from the mother plant. But there’s also much to be learned by studying outliers that receive less attention, such as the squirting cucumber, Hay said.

Persons: Pliny the Elder, Dominic Vella, ”, Angela Hay, Max Planck, Hay, Derek Moulton, Chris Thorogood, “ We’ve, ” Moulton, ” Thorogood, Moulton, Dominic Vella “, Elizabeth Evans, It’s, there’s, “, Mindy Weisberger Organizations: CNN, National Academy of Sciences, Max, Max Planck Institute, Plant Breeding Research, UK’s University of Oxford, Oxford Botanic Garden, Scientific Locations: Roman, Europe, Africa, Australia, Asia, North America, Cologne, Germany, Oxford

Chief among them is Bonobos, and the Bonobos Black Friday sale offers some serious bang for your buck. The brand is best known for its iconic, great-fitting chinos in a wide range of colors and sizes, and our Bonobos chinos review dives into why we love the brand so much. The best Black Friday Bonobos dealsBonobos its start making pants and became best known for its well-made chinos. Bonobos Fireside Flannel Lined Chinos $90.30 $129.00 Save 30% Bonobos took the stellar fit of its iconic chinos and then upgraded them with a cozy lining. View at BonobosBonobos Gramercy Premium Jeans $104.30 $149.00 Save 30% Yes, Bonobos does jeans as well as they do chinos.

Persons: suiting, we've, Bonobos, Washable Organizations: Business, Black, Bonobos, Chino, Oxford Locations: chino, Cashmere, Cardigan

☆ The cult of the ‘Spoons’: Inside the spartan, cavernous pubs that divide Britain
▼ + stars: | 2024-11-23 | by ( Will Noble | ) edition.cnn.com time to read: +15 min

Wetherspoon pubs are an institution in the UK. More than 800 Wetherspoon chain pubs freckle the country — from The Muckle Cross in Scotland to The Tremenheere in Cornwall. The Moon Under WaterA Wetherspoon pub (now closed) featuring the face of chain founder Tim Martin on its sign. Recalling a well-meaning yet beleaguered teacher from his childhood, Martin renamed the pub “Wetherspoon.” (The “J D” was a nod to J.D. “The thing about Wetherspoons pubs which differentiates them from many is that they have a very wide cross-section of customers.

Persons: London CNN — Utter, ”, George Orwell, ” Orwell, Orwell, Francophile foodies, Oxford marmalade, Biscuits, boozer, cobbling, Tim Martin, Alex Davidson, Wetherspoons don’t, Alexander Graham Bell, Sir John Borlase Warren, Tim Martin’s, Martin —, New Zealand —, “, serendipitously, Martin, Boss ” Hogg, “ The Dukes, Hazzard, George Orwell’s, ” Martin, Mortimer, ‘ ahh, I’ve, George Orwell ’, Stout, Waters, Gareth Fuller, questing, Angus, you’re, Maureen McLean, “ Mate, Wetherspoons ”, ‘, ’ ”, Thomas Frost, Orwell’s, drunks, ” Tim Martin, benedict, tipple —, Ale, Whatever’s, it’s, Boris Johnson, Henry Nicholls, Nigel Farage Organizations: CNN, London CNN, “, Oxford, Stroud, Crosse, Royal Victoria, rowdies, London's, Airport, PAL, YouTube, European Union, Getty Locations: London, Britain, Scotland, Cornwall, “, Yorkshire, England, Swansea, Edinburgh, Nottingham, Muswell Hill, North London, Norwich, New Zealand, Stroud Green, Watford, Ramsgate, City of London, Kent, Scottish, ”, Wetherspoons, Liverpool, Gatwick, South London, AFP, British, Clacton, Poland, Ireland, America

“In this time, it’s extremely important that we bring the voices of Afghan women forward,” Yousafzai said in a Zoom interview with NBC News. (The militant group Tehreek-e-Taliban Pakistan, also known as the Pakistani Taliban, is a separate organization from the Taliban in Afghanistan, but a close ally.) “The Taliban are attempting to make women invisible, in a way,” said Yousafzai, who graduated from Oxford University in 2020. Mani, who also serves as a producer, said she was working on a different documentary in Afghanistan when the Taliban takeover happened. “We need women’s demands and rights to be on the agenda where the future of Afghanistan is being discussed and decided.

Persons: ’ eduction, ”, Sahra Mani, Sharifa Mowahedzada, Zahra Mohammadi, Taranom Seyedi, ” Yousafzai, “, Yousafzai, Malala, Bryan Bedder, Laden, Donald Trump’s, Joe Biden, Mani, Jennifer Lawrence, Lawrence, Justine Ciarrocchi, ” Lawrence, coldheartedness, ” Mowahedzada, Zabihullah Mujahid, ” Fereshta Abbasi Organizations: Apple, NBC News, Oxford University, Al, U.S, United, Associated Press, Human Rights Watch, Human Rights, Malala Locations: Pakistan, Afghanistan, Swat, Taliban Pakistan, American, Al Qaeda, United Nations, Qatar, Western

☆ John Prescott, pugnacious deputy U.K. prime minister to Tony Blair, dies at 86
▼ + stars: | 2024-11-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

John Prescott, the pugnacious deputy prime minister to Britain’s Tony Blair during his 10 years in government, has died aged 86 after a battle with Alzheimer’s, his family said on Thursday. “There was no one quite like him in British politics,” Blair told BBC radio. He went into politics after coming ashore and he attended Oxford’s Ruskin College, which offered courses for mature students. “I’ve never worked with anyone in politics on my side of the pond or his quite like John Prescott,” Gore said. His family said he had died “surrounded by the love of his family and the jazz music of Marian Montgomery”.

Persons: John Prescott, Tony Blair, Alzheimer’s, Prescott, Blair, ” Blair, I’d, John, I’ve, he’s, bruiser ”, Prescott scuffles, David Kendall, Getty Images Prescott, Gordon Brown, Al Gore, Reuters “ John Prescott, ” Brown, Prescott’s, “ I’ve, ” Gore, Pauline, Marian Montgomery ”, “ John Organizations: Labour Party, BBC, Getty Images, Oxford’s Ruskin College, Labour, Kyoto, Reuters, U.S, Guardian Locations: Wales, Prescott, London, Kyoto

☆ Why prioritizing employee wellbeing is a strategic business investment
▼ + stars: | 2024-11-21 | by ( ) www.businessinsider.com time to read: +6 min

Employers know that prioritizing employee wellbeing is the right thing to do, but there are also business benefits. Indeed Introduces the 2024 Work Wellbeing 100, ranking the Top Publicly-Traded Companies for Work Wellbeing in the US. Oxford recently analyzed Indeed's work wellbeing dataset and highlighted a strong correlation between company wellbeing and business performance. Indeed's 2024 Global Work Wellbeing Report findings revealed that higher levels of employee wellbeing are associated with improved firm valuation, return on assets, and gross profits. Indeed reinforced the business case for work wellbeing by launching the Work Wellbeing 100, an index ranking the top 100 publicly traded companies based on their Indeed Work Wellbeing Score.

Persons: Russell, — LaFawn Davis, Davis Organizations: Oxford, Nasdaq, Forrester Research, Insider Studios Locations: Oxford, millennials

☆ I'm 27 and paid $156 for a buzzy health test, fearing I was unknowingly sick. It was reassuring but I felt scammed.
▼ + stars: | 2024-11-21 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +8 min

AdvertisementThe idea that testing and tracking your health will help you live longer is buzzy right now. I feared I had problems like high cholesterol or blood sugar and paid $156 for a direct-to-consumer health test. The author eating pineapple to feel less dizzy after the blood tests. AdvertisementDirect-to-consumer tests might seem like a good idea, but in most cases, you'd be better off letting sleeping dogs lie. AdvertisementMore testing isn't necessarily betterPeople tend to think that tests can only do good, but unnecessary health testing can actually be harmful, Plüddemann said.

Persons: I'd, you'll, Max, I'm, I've, Kim Schewitz, Annette Plüddemann, Plüddemann Organizations: Global Wellness Institute, University of Oxford, Nova Locations: Arizona, Australia

☆ Colin Gray, father of alleged Apalachee High School shooter, pleads not guilty to charges that he shares responsibility for killings
▼ + stars: | 2024-11-21 | by ( Andy Rose | Devon M. Sayers | ) edition.cnn.com time to read: +4 min

Winder, Georgia CNN —Colin Gray, the father of alleged Georgia school shooter Colt Gray, entered a not guilty plea Thursday morning to charges – including two counts of second-degree murder – alleging that he shares responsibility for the September shooting. Gray faces 29 charges, including two counts of second-degree murder and two counts of involuntary manslaughter. He was indicted on 55 counts, including four counts each of malice murder and felony murder. Colt Gray will be tried as an adult. Colin and Colt Gray have both been jailed since their arrests.

Persons: Georgia CNN — Colin Gray, Colt Gray, Gray, Jimmy Berry, ” Colin Gray, Jennifer, James Crumbley, Ethan Crumbley, Ethan, Colin Gray, “, ” Colt Gray, Elijah Nouvelage, Thursday’s, Berry, Colin, Chase Boyd, Boyd, Brandon King, CNN’s Dakin Andone, Lauren del Valle Organizations: Georgia CNN, Oxford High School, Apalachee High School, Reuters, Grays, Barrow County Sheriff’s, Barrow News, Gun Safety Locations: Winder, Georgia, Michigan, Atlanta, Winder , Georgia, Barrow County, Barrow, Uvalde , Texas, United States

☆ Ikea group CEO tells BI shoppers are trading down to save money
▼ + stars: | 2024-11-19 | by ( Nora Redmond | ) www.businessinsider.com time to read: +3 min

And while the past year has been challenging, this strategy is paying off, according to Jasper Brodin, CEO of Ikea's parent company, Ingka Group. "People have the same needs, but they have much less money in their wallet," he added. AdvertisementHowever, Ikea has benefited from investing in low prices because it has attracted more shoppers away from pricier rivals. AdvertisementBecause of this, he said that Ikea customers are largely engaging in needs-based shopping, picking up the necessities first, like a new bed or kitchen table, instead of non-essential items. "There is a large stimulus package coming from the government right now, which is helping, but people have been holding on to their money," Brodin said.

Persons: Jasper Brodin, — Brodin, —, Nora Redmond, lockdowns, Brodin Organizations: Ikea, Ingka, Oxford, Starbucks Locations: London, China

☆ With Elon Musk in tow, Trump eyes changes to government policies on AI and its risks
▼ + stars: | 2024-11-19 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

The Republican document said the executive order contained “radical leftwing ideas” that hindered innovation. The most advanced AI systems could, in the worst case, “pose an extinction-level threat to the human species,” the report said. A related document said AI systems could be used to implement “high-impact cyberattacks capable of crippling critical infrastructure,” among a litany of risks. However, he worries that a repeal of Biden’s executive order would spell the end of the US government’s AI Safety Institute. It is possible that that would be the subject of a future Trump executive order,” said Strait.

Persons: London CNN — Donald Trump, Elon Musk, Joe Biden, Sandra Wachter, ”, Andrew Strait, Ada Lovelace, Strait, Kamala Harris, Musk, Steve Kramer, Dean Phillips, Biden, Phillips ’, Taylor Swift, Alexandria Ocasio, Cortez, ” Manoj Chaudhary, What’s, It’s “, Trump, ” Strait, Gavin Newsom, JD Vance, “, Musk’s Tesla Organizations: London CNN, White House, Republican Party, Republican, Oxford Internet Institute, Oxford University, CNN, Ada, Ada Lovelace Institute, US Department of Homeland Security, Democratic, US State Department, AI Safety, “ Department, Government, Trump Locations: London, United States, New Hampshire, Alexandria, Colorado, New York, ”, California

☆ Robotaxis could slowly be coming for Uber and Lyft drivers' earnings
▼ + stars: | 2024-11-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

AdvertisementCompetition from driverless taxis could reduce Uber and Lyft drivers' earnings in the years to come. Many drivers told BI that the gig has become less profitable recently due to increased competition. As the adoption of driverless taxis spreads across the US, ride-hailing experts told Business Insider that Uber and Lyft drivers could see their earning opportunities slowly deteriorate. Garin said that many ride-hailing drivers work part-time and don't rely on the gig as their primary source of income. A Lyft spokesperson did not respond to BI's question about the impacts driverless taxis could have on ride-hailing drivers.

Persons: Carl Benedikt Frey, Frey, Waymo, Uber, robotaxis, Andrew Garin, Garin, who've, Lyft, Sergio Avedian, Guy, Bernstein, Nicole Moore, Lindsey Cameron, we've, we're Organizations: Oxford Internet Institute, Drivers, Carnegie Mellon University's Heinz, Atlanta, Phoenix, Mobileye, Wharton School, University of Pennsylvania Locations: San Francisco, Phoenix, Las Vegas, Los Angeles, Austin, Aurora, China

☆ Inside the secretive operation helping manage billionaire Steve Schwarzman's vast fortune
▼ + stars: | 2024-11-15 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Schwarzman has called Blackstone his family office, but he has another family office, BI has learned. Inside Schwarzman's secretive family office with a name that harkens back to his childhood. The concept of the family office can be traced to the 1838 founding of the House of Morgan to handle J.P. Morgan's fortune. Every family office, however, is just as unique as the wealthy family that's spawned it, he said. Advertisement"The term family office," Sharpe said, "is possibly the most misused, overused, and poorly used term in finance today."

Persons: Steve Schwarzman, Schwarzman, Blackstone, —, Averell Harriman, Harriman, Brown, Harry Truman, Donald Trump, Christine Hearst Schwarzman, Gwen Stefani, Theo Wargo, Pennypack, Steve Schwarzman's, Blackstone Schwarzman, Pete Peterson, Marc Sharpe, Michael Dell, Sharpe, they're, Stephen A, John Magliano, Magliano, Paul A ., LLCs, tony Easton, Hearst, Alexi Rosenfeld, Trump's, Stephen Schwarzman, Jabin, Tim Sheehy, Montana, Sheehy, Morgan Organizations: Service, Bloomberg, Ford Motor Co, White, New York Public Library, Metropolitan, Bank of America Securities Financial Services, Blackstone, Vanguard, Family Office Association, Dell Computer, BI, Getty, Schwarzman, LinkedIn, Hearst Schwarzman, Art, Federal Communications Commission, MIT, Humanities, Oxford, New York Public, Schwarzman Education Foundation, Tsinghua University, Policy, Washington, Getty Images Locations: New York, Vietnam, Manhattan, Philadelphia, Blackstone, Schwarzman, Pennypack, Delaware, Nantucket , Massachusetts, Nantucket, Schwarzman's, Newport , Rhode Island, Miramar, Wiltshire, England, Newport ., Beijing, China, North America

☆ The US-China tech race is moving from chips to the raw materials they're made of
▼ + stars: | 2024-11-14 | by ( Huileng Tan | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

In the race against the US for global tech supremacy, China has the upper hand in at least one critical area: rare earths. AdvertisementFor more than a year, Beijing has slowly been tightening its grip on critical minerals and rare earths. Now, there are fears that China could tighten the global rare earths supply chain even more. China's rare earth dominanceChina has long dominated the rare earths market due to supply, low labor costs, and lax environmental standards. In 2022, the US Department of Defense awarded $45 million to MP Materials for rare earth oxide processing, and in 2023, it awarded over $288 million to Lynas USA to set up commercial-scale rare earth oxide production facilities.

Persons: Deng Xiaoping, —, Rick Waters, Donald Trump's, Louise Loo, Zongyuan Zoe Liu, Chris Tang, Nick Vyas, USC Marshall's Randall R, Vyas, he's Organizations: European Union, World Trade Organization, US Department of Defense, Materials, US, White, Nvidia, Taiwan Semiconductor Manufacturing, Oxford Economics, Greater China, Council, Foreign Relations, Soviet, Bloomberg, AMD, USC, Kendrick, Supply Chain Institute, Bureau of Industry, Security Locations: China, US, Beijing, Japan, USA, Eurasia, Washington, Taiwan, Greater, Soviet Union, North Korea, North Vietnam

☆ You need to make $108,000 to afford a home in America
▼ + stars: | 2024-11-13 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

That’s nearly double the household income of $56,800 needed to afford a new home in 2019. Just 36% of US households earned enough to afford a new home, compared to 59% in Q3 2019. A shortage of homes in the US, combined with increased demand, helped create intense competition, leading to skyrocketing home prices in cities across America. A major contributor to the home affordability crisis: rising mortgage rates. Mortgage rates, which are the interest rates a lender charges on a home loan, ballooned in 2022 and 2023 as the Federal Reserve hiked interest rates to combat inflation.

Persons: That’s, Louis, ” Barbara Denham Organizations: CNN, Oxford Economics, Midwest, Oxford, Federal Reserve Locations: America, San Jose , California, California, San Francisco , Los Angeles, San Diego, Cleveland , Louisville, Detroit, St, Florida , Arizona, South Carolina

☆ I went back to work 6 weeks after having a baby. My husband had to turn his schedule upside down to support mine.
▼ + stars: | 2024-11-12 | by ( Liz Bolton | ) www.businessinsider.com time to read: +5 min

Before having my baby I was working as an actor in Los Angeles. I went back to casting and working six weeks postpartum and am grateful for my husband's support. AdvertisementI went back to work when she was 6 weeks oldMy daughter was born in November, which was lucky timing. As a commercial actor, I didn't have co-workers in the traditional sense, but I did have co-auditioners. More than once, we had to come home early from a family trip so that I could make it to a shoot I'd been cast in while out of town.

Persons: —, I'd, hadn't, she'd Organizations: Service Locations: Los Angeles, Oxford, Palm Springs

Chinese authorities last month announced high-level plans for subsidies and tax breaks to households with children under the age of 3. China's efforts to bolster birth rates have yet to address the core reasons for their rapid decline, according to analysts. Births in China have been on a drastic downward trend since the government implemented its "one-child policy" nationwide in 1980. An increasingly pressing factor for families in China is uncertainty about income for raising a child. After decades of rapid expansion, China's economy has slowed down, dragged down by a real estate slump.

Persons: Lauren Johnston, Harry Murphy Cruise, Austin Schumacher, Schumacher, Sheana Yue, Yue Organizations: Dongfang, China Studies Center, University of Sydney, United Nations, Moody's, Institute for Health Metrics, University of Washington, Oxford Locations: Lianyungang, China, U.S

☆ 'It's gross, it's unprofessional': Some LinkedIn users are being put off the platform by unsolicited flirtatious DMs
▼ + stars: | 2024-11-08 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +8 min

studioEAST | Getty ImagesSome LinkedIn users have reported receiving unsolicited flirtatious messages via the platform, with expert Bernie Hogan at the Oxford Internet Institute saying the employment-focused social website is increasingly being used for dating purposes. "It's just a gross feeling ... it's gross, it's unprofessional," Huddy told CNBC. "LinkedIn is not a workplace, it merely frames itself as a workplace," he told CNBC Make It. A recent Forbes Health Survey of 1,000 Americans who have used dating apps in the past year found that 78% felt fatigued emotionally, mentally, or physically by dating apps sometimes, often, or always. "So LinkedIn has effectively created a dating site without dating," Hogan added.

Persons: Bernie Hogan, Blair Huddy, Huddy, She's, Shriya, DatingNews.com, Hogan, Courtney Boyer, Boyer, Sasha Dutta, Dutta, Oscar Wong Organizations: Getty, Oxford Internet Institute, Hudson Davis Communications, CNBC, LinkedIn, Microsoft, Facebook, Forbes Health Survey Locations: studioEAST, Los Angeles, U.S, Central Florida, Asian

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