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☆ Recent college grads are doing shockingly well. Can it last?
▼ + stars: | 2024-05-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

And recent grads aren’t just finding any job, they’re finding good jobs. Not all is well: The EPI study found that racial and gender wage gaps still remain large among recent grads. GameStop shares tripped multiple circuit breakers — a temporary and mandated halt in trading to let investors cool off for a bit. Robinhood denied claims on social media on Monday that it had once again halted GameStop stock purchases on its platform. Robinhood has not shut down the purchase of Gamestop shares,” Robinhood spokesperson Anupriya Ghate said in a statement to CNN.

Persons: it’s, —, Katherine deCourcy, Elise Gould, “, Z, Z’ers, Krystal Hur, Keith Gill, Roaring Kitty, Gill, Robinhood, ”, Anupriya Ghate, ” Shein, Shein, CNN Shein Organizations: CNN Business, Bell, New York CNN, Economic Policy Institute, Stanford Institute for Economic Policy Research, Employers, GameStop, AMC, Partners, AMC Entertainment, Gamestop, CNN, Workers, Public, Public Eye Locations: New York, Black, Swiss, Guangzhou, China

☆ Don't believe these money misconceptions: 3 things to know that can help improve your finances
▼ + stars: | 2024-04-25 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +4 min

Part of the problem: People continue to believe common misconceptions about managing and investing their money. When it comes to your retirement savings, target-date funds can be another smart option. Young couple managing finance and investment online, analyzing stock market trades with mobile app on laptop and smartphone. "People feel like, I can get a higher return with no risk … but basically, a higher return is always a reward for higher risk." There's almost no risk to money in federally insured deposit accounts, unlike investments that are subject to the daily changes in the stock, which can result in much higher risk.

Persons: Witthaya, Annamaria Lusardi, Paul Yakoboski, Young, Lusardi, There's Organizations: TIAA, Global Financial, Stanford Institute for Economic Policy Research, TIAA Institute, Target, CNBC, Financial Wellness, Board Locations: U.S

☆ 10-year Treasury yield holds above 4.6% as investors weigh interest rate outlook
▼ + stars: | 2024-04-16 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by nearly 2 basis point to 4.6344%, trading at levels last seen in mid-November of 2023. The 2-year Treasury yield was last trading at 4.947% after rising by less than one basis point. U.S. Treasury yields were little changed on Tuesday as investors considered the latest economic data and comments from Federal Reserve policymakers. Investors weighed the path ahead for interest rates as they considered the latest economic data and comments from Federal Reserve officials. Meanwhile, San Francisco Federal Reserve Bank President Mary Daly said there was "no urgency" for the Fed to cut interest rates.

Persons: Mary Daly Organizations: Treasury, Federal Reserve, Investors, San Francisco Federal Reserve Bank, Fed, Stanford Institute for Economic Policy Research Locations: Israel

☆ The 'sandwich generation' faces pressure as the world ages — here are 3 tips to prevent burnout
▼ + stars: | 2024-04-09 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +5 min

"There's this tendency in the welfare state to sort of outsource the elderly care," Jan-Emmanuel De Neve, director of the Wellbeing Research Centre at Oxford University told CNBC Make It. Although home-care for the elderly improves their wellbeing, it can also place pressure on younger generations. The so-called sandwich generation refers to middle-aged people who have elderly parents to care for, as well as their own children who are still dependent on them. The younger generations have to support their elderly parents or grandparents. "This would entail defining one's family value system, setting out personal goals, life aspirations, allocating and committing personal resources," Wong suggested.

Persons: Momo, John Wong, Jan, Emmanuel De Neve, Wong, Jialu Streeter, boomers, Streeter Organizations: WHO, Getty, National University of Singapore's, Science, CNBC, World Health Organization, United Nations, Economic, Oxford University, Loo Lin, of Medicine, NUS, Stanford Institute for Economic, Pew Research, Stanford Institute for Economic Policy Research Locations: Hong Kong, South Korea, Japan

☆ Influencer Tori Dunlap is spurring women to maximize their savings and invest in the stock market
▼ + stars: | 2024-03-28 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Sarah WolfeAs Tiffany Mane read a personal finance book during her train ride to work, a woman sitting near her acknowledged that she, too, knew of the author. And there's a cyclical effect at play: Women utilize Dunlap's resources to improve their financial lives, and then share the information with others. A 2021 survey from NerdWallet showed women were less likely to be invested in the stock market than their male counterparts. "This kind of identity-focused personal finance is 100% necessary, and is the future of personal finance." In that group, members share financial wins and trade advice on topics like which banks or credit cards to use.

Persons: Sarah Wolfe, Tiffany Mane, Mane, Tori Dunlap, Dunlap, isn't, She's, Annamaria Lusardi, Lusardi Organizations: D.C, Finance, Facebook, Stanford Institute for Economic Policy Research, Global Financial Locations: Washington, York, NerdWallet

☆ Success requires 'ample doses of pain,' billionaire Nvidia CEO tells Stanford students: 'I hope suffering happens to you'
▼ + stars: | 2024-03-15 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

That was essentially the Nvidia CEO's message for students at his alma mater, Stanford University, where he spoke last week at the Stanford Institute for Economic Policy Research. When it comes to achieving success, Huang knows more than most. At last week's event, he told Stanford students how he personally developed the resilience necessary to build and run one of the world's most valuable companies. "To this day I use the phrase 'pain and suffering' inside our company with great glee," Huang told the Stanford students. With that in mind, Huang told a newer batch of undergrads last week that he hopes they experience their own character-building struggles: "For all of you Stanford students, I wish upon you ample doses of pain and suffering."

Persons: Jensen Huang, isn't, it's, Huang, he's, Fortune Organizations: Nvidia, mater, Stanford University, Stanford Institute for Economic Policy Research, Bloomberg, Stanford, Research, CNBC

☆ Nvidia's $80 billion boss Jensen Huang says that if you want to be a success you need to face 'pain and suffering'
▼ + stars: | 2024-03-14 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Nvidia boss Jensen Huang told Stanford students that success is earned through suffering. The billionaire told students people with high expectations generally have low resilience. "I think one of my great advantages is that I have very low expectations," Huang, who graduated with a master's degree from Stanford in 1992 and is now worth around $80 billion, responded. "People with very high expectations have very low resilience, and unfortunately, resilience matters in success," Huang said. AdvertisementHuang then joked: "For all of you Stanford students, I wish upon you ample doses of pain and suffering."

Persons: Jensen Huang, Huang, —, isn't, It's Organizations: Nvidia, Stanford, Service, mater, Stanford Institute for Economic Policy Research, New Locations: Stanford, Taiwan, Kentucky

☆ Fed's Barkin says he could see rates at 5.5%-5.75%
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +1 min

PALO ALTO, California, March 3 (Reuters) - Richmond Federal Reserve Bank President Thomas Barkin said on Friday that he could envision a scenario where the central bank pushes the U.S. benchmark policy interest rate to the 5.5%-5.75% range that some in financial markets are now betting it will. Barkin said it's "entirely possible" that inflation cools faster than he expects, which would imply a shallower rate path. "But I think it's entirely possible that it persists, which would require us to do more," he added. By this time next year, Barkin said, he does not expect the Fed to have started any rate cuts. Reporting by Ann Saphir; Editing by Leslie Adler and Alistair BellOur Standards: The Thomson Reuters Trust Principles.

☆ Fed's Barkin says he doesn't see case for a rate pause now
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: 1 min

PALO ALTO, California, March 3 (Reuters) - Richmond Federal Reserve Bank President Thomas Barkin said on Friday that he does not understand the case for pausing interest rates now, although delivering rate increases in smaller increments means that if the Fed does end up going too far it won't have gone much too far. Rates are currently restrictive, meaning that they are slowing the economy, but the Fed still needs to "feel" its way to a level of rates that is high enough to bring inflation back down, Barkin said at the Stanford Institute for Economic Policy Research. Reporting by Ann Saphir; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Fed's Barkin calls for deliberate rate hikes to fight 'exhausting' inflation
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +2 min

Policymakers have forecast "additional rate increases" and have been clear "we don’t anticipate rate cuts this year," he said. Inflation by the Fed's preferred year-over-year gauge was 5.4% in January, an increase from the 5.3% pace in December. The Fed's target is 2% inflation. Barkin said he is not sure that the strength in spending that bolstered inflation is sustainable. That's putting some upward pressure on inflation, he said, as workers ask for more pay.

☆ Long Covid is distorting the labor market — and that's bad for the U.S. economy
▼ + stars: | 2022-12-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +13 min

She eventually learned that the balance issues and ear pain resulted from a damaged vestibular nerve, a known effect of long Covid. She found that 2 million to 4 million full-time workers are out of the labor force due to long Covid. For one, many of the hundreds of potential long Covid symptoms are invisible to others, even if disabling for the afflicted. Why the long Covid labor gap mattersJerome Powell, chair of the Federal Reserve, mentioned Sheiner and Salwati's long Covid research in a recent speech about inflation and the labor market. That burden will continue to rise if long Covid patients don't start recovering at greater rates, she said.

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