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☆ An artist reckons with the dangerous power of advertising and iconography
▼ + stars: | 2024-05-20 | by ( Abigail Glasgow | ) edition.cnn.com time to read: +8 min

The artist Hank Willis Thomas is pointing to one of the images: of two well-dressed, neatly coiffed men standing atop a cliff. "She's Somewhat of a Drag," a 1959 advertisement Thomas repurposed in his series "Unbranded: A Century of White Women." Across his work, Thomas reframes iconic and mundane imagery to connect viewers to historical moments of resistance and reshape our understanding of who counts in society. Here, a pro-football player appears to face off with an enslaved cotton picker, in Thomas' work "From Cain't See in the Mornin' Til Cain't See at Night." His body of work work reflects the observation — and, perhaps, a warning — that we have moved toward “existing in a society of branded consciousness."

Persons: Hank Willis Thomas, Thomas, Aaron Wessling, Jordan, “, Thomas ’, Drummond, —, ” Thomas, mascara, Jordan Schnitzer, ” Schnitzer, ” Thomas ’, Thomas reframes, Barack Obama, ”, “ I’ve, doesn’t Organizations: CNN, Art, White, White Women, Family, Cotton, Corporate America, Civil Rights, American Express Locations: ”, Oregon, United States, Gorée

☆ Companies are hopeful about the economy again — even if they’re nervous
▼ + stars: | 2024-02-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Earnings season is in full swing, and that means investors get a chance to hear from multinational companies about the state of the global economy. Some of the United States’ biggest companies are in the hot seat to answer questions about the economy, and where it could be headed. Like the rest of the US, companies are watching whether the economy could still tip into a recession as interest rates hover around a 23-year high. Achieving a soft landing, or a situation in which inflation comes down without an economic downturn, looks likely, some companies said. According to the UK government’s own estimates, the checks — including physical inspections from April — will cost British businesses about £330 million ($419 million) annually and increase food inflation by about 0.2 percentage points over three years.

Persons: it’s, ”, Michael Hsu, Kimberly, Clark, Blackstone, Stephen Schwarzman, Christophe Le Caillec, Jim Vondruska, We’re, Robert Isom, Lorenzo Simonelli, Baker Hughes, Alan Schnitzer, Elisabeth Buchwald, “, Christopher Waller, Waller, Hanna Ziady, Read Organizations: CNN Business, Bell, New York CNN, United States ’, American, O'Hare Airport, Travelers Companies, ”, European Union Locations: New York, Chicago , Illinois, United Kingdom, Britain

☆ Non-tech companies are seeking AI talent and offering six-figure salaries. Here's who's hiring — including one role that pays up to $300,000.
▼ + stars: | 2023-09-26 | by ( Sindhu Sundar | Aaron Mok | ) www.businessinsider.com time to read: +4 min

"The demand for professionals with knowledge in AI research, machine learning, deep learning — it truly outpaces the available supply of candidates," Sines said. A machine learning researcher role at the trading firm Jane Street indicated a salary range of $250,000 to $300,000, for example. And Disney is looking to hire a senior machine learning engineer with expertise in machine learning, algorithms, and statistical methods; the entertainment giant is offering an annual salary of $145,400 to $199,870. AdvertisementAdvertisementIn May, HR firm Scratch posted a job listing for a remote senior machine-learning engineer for a client. The position — which had a listed salary range of $120,000 to $185,000 — required "familiarity with current AI tools" such as ChatGPT.

Persons: Morrison Foerster, —, Aaron Sines, Sines, Jane Street, Alan Schnitzer, Oliver Scholars, Danielle Cox, Cox, Scratch Organizations: Walt Disney Company, Service, Austin, Travelers, Real

☆ The 117-year-old steel maker that's key to solving climate tech's recycling issue
▼ + stars: | 2023-08-11 | by ( Ian Thomas | ) www.cnbc.com time to read: +6 min

One of the first questions Tamara Lundgren often heard when she introduced herself as the CEO of Schnitzer Steel is, "What kind of steel do you make?'" Founded in 1906 by Russian immigrant Sam Schnitzer, the company started as a one-person scrap metal recycler. "The name Schnitzer Steel just no longer really reflects our work," said Lundgren, who joined the company in 2005 and was elevated to CEO in 2008. "In today's environment, the importance of recycling and the importance of recycling metals has reached a level that didn't exist 10 years ago," Lundgren said. "I'm glad we were getting that attention, but fundamentally what drove it was all of our recycling activity," Lundgren said.

Persons: Tamara Lundgren, Sam Schnitzer, Lundgren, – it's, it's, Schnitzer Steel Organizations: Schnitzer, CNBC, Corporate Knights, Nasdaq Locations: North America, Davos

☆ AI talent is in high demand even at non-tech companies. And jobs are paying way over six figures — up to $300,000.
▼ + stars: | 2023-07-21 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +6 min

The law firm Husch Blackwell and insurer Travelers are among those seeking AI skills. The law firm Husch Blackwell has built a data science team, and is hiring an AI solutions strategist. For its AI role, Husch Blackwell has looked for trained lawyers who understand AI and large language models, and ideally also have some business consulting experience, said Blake Rooney, chief information officer at Husch Blackwell. The law firm Husch Blackwell has been looking to hire an AI solutions strategist as it expands its use of AI. The law firm already built a data science team over the past three years, and automated some routine tasks.

Persons: Husch Blackwell, Jane Street, Aaron Sines, Sines, There's, Alan Schnitzer, Alo, CoCounsel, Valerie McConnell, Blake Rooney, It's, Rooney, it's Organizations: Morning, Jane, Austin, Travelers, Interactive, LinkedIn Locations: New York

☆ Hot off an up quarter for stocks, investors turn to jobs, manufacturing data
▼ + stars: | 2023-04-01 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Another busy week of macroeconomic data will kick of the new quarter, following a volatile first quarter for stocks that ultimately finished in the black. The market's second quarter kicks off Monday with the ISM manufacturing report, followed on Tuesday by data on factory orders. We're looking for a Goldilocks report: not so hot to stoke more inflation fears, but not so cold to intensify worries about a recession. Wednesday's ADP employment report is also important, given the Fed's goal of slowing the job market to bring down inflation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ German 'wise ones' see inflation uptick if banking woes halt rate rises
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

[1/2] Members of the German economic expert council attend a news conference to present the economic prognosis 2022/23, in Berlin, Germany March 22, 2023. "The recent increase in financial market risks has made it more difficult for central banks to fight inflation," the five "wise ones" who advise Berlin on economic policy said in their biannual report. "If the monetary policy response is too weak due to these trade-offs, inflation could remain high for longer than expected or even pick up again," they added. Turmoil in the banking sector culminated in the Swiss regulator-backed takeover of Credit Suisse by rival UBS at the weekend. Inflation will come in at 6.6% in 2023 and 3.0% in 2024, the council predicted.

Rather surprisingly, research firm Corporate Knights says the answer is Schnitzer Steel Industries (SCHN.O), a U.S. scrap steel recycler, which has knocked wind turbine maker Vestas Wind off the top spot. "Schnitzer Steel is the first steel company to top the Global 100," said Corporate Knights CEO Toby Heaps. "If one of the world's dirtiest sectors can produce the most sustainable company in the world, then there is no excuse for any company in any sector not to step up." In 2022, the Global 100 beat the ACWI on an annual returns basis by 2.8% though both were significantly down on 2021 at -15.6% and -18.4% respectively. Between 2013 and 2022, the Global 100 returned 145.1% compared to 115.4% for the MSCI ACWI.

☆ German economy likely stagnated in Q4 - stats office
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Jan 13 (Reuters) - German economic output likely stagnated in the final quarter of last year and grew by 1.9% over the full-year 2022, the Federal Statistics Office said on Friday, suggesting Europe's largest economy may just escape a recession over the winter. The initial fourth quarter readout suggests Germany may just avoid a recession -- defined as two successive quarters of contraction. German inflation eased for a second month in a row in December due to falling energy prices and the government's one-off payment of household energy bills, with EU-harmonized consumer prices rising by 9.6% on the year. Germany's state deficit ratio registered 2.6% of GDP in 2022, the Statistics Office added. Reporting by Miranda Murray and Maria Martinez Writing by Paul Carrel, editing by Kirsti KnolleOur Standards: The Thomson Reuters Trust Principles.

☆ Markets close out the year down, following light week of trading
▼ + stars: | 2022-12-30 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Markets closed out the week — and the year — in the red, as the so-called Santa Claus rally failed to materialize. Under the hood, financials closed out the week in the green followed by energy, while materials led to the downside followed by consumer staples and utilities. On Thursday, initial jobless claims for the week ending Dec. 24 came in at 225,000, the U.S. Labor Department said. ET: ISM manufacturing PMI 10:00 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ German inflation to stay high for two years, adviser says
▼ + stars: | 2022-12-24 | by ( ) www.reuters.com time to read: +2 min

Russia's invasion of Ukraine has further stoked already rising costs for food and energy, pushing inflation in Germany to its fastest pace since the early 1950s, with consumer price rises of around 11.3% in November. The Bundesbank has warned that even a planned price cap on gas and electricity may not be enough to bring inflation down from double digits. "Inflation is remaining high because we are seeing second round effects, with companies passing on their higher costs - and some significantly exaggerating." She said she was not concerned about a wage-price spiral given measured wage rises in the chemistry and metal industries. Reporting by Bettina Cosima Larrarte; writing by Sarah Marsh; editing by Philippa Fletcher and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Earnings are off to a surprisingly decent start. Next week is the big test for tech
▼ + stars: | 2022-10-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Stocks rallied this week as earnings season ramped up and is so far off to a better-than-expected start. With 20% of the S & P 500 having reported financials so far, sales results have thus far been 1.4% above expectations while earnings results are 5.4% above expectations, in aggregate. That inverse correlation between bond yields and stocks was powerful enough to trump positive earnings reports. Looking back On the earnings front, we got results from Johnson & Johnson (JNJ), Procter & Gamble (PG), and Danaher (DHR). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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