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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow investors can play the stock market ahead of the 2024 presidential electionWith about a month to go until the 2024 presidential election, investors are bracing for potential volatility in the markets amid uncertainty over whether former President Donald Trump or Vice President Kamala Harris will win in November. With 62% of U.S. adults invested in the stock market, differences in Republican and Democratic economic policies mean there are potentially nuanced ways for investors to position their portfolios to make money based on the election outcome.
Persons: Donald Trump, Kamala Harris Organizations: Republican, Democratic Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWall Street reacts to former President Trump's assassination attemptWARNING: Graphic Footage. Former President Trump survived an assassination attempt at a campaign rally. Larry Fink, Roger Altman and others from Wall Street react to the event.
Persons: Trump's, Trump, Larry Fink, Roger Altman
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoaring Kitty's slim chance to become a billionaire from his GameStop bet, explainedMeme stock celebrity Keith Gill, aka 'Roaring Kitty,' has been dominating headlines since his online reappearance in May 2024 after a three-year hiatus. Wall Street closely follows his posts, which usually consist of memes and cryptic messages. These messages have caused significant volatility, especially in GameStop shares. Watch the video to see how his return has reignited the meme stock craze and whether his GameStop bet could make him a billionaire.
Persons: Keith Gill Organizations: GameStop
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCampus protests called for schools to divest from Israel — Here's how that would actually workU.S. colleges grabbed global attention in recent weeks as students organized demonstrations protesting the ongoing Israel-Hamas conflict. Students from over a hundred universities, including prestigious institutions like Columbia, Yale, Harvard, and UCLA, rallied around one primary demand: Divest from Israel. Watch the video to understand what 'divestment for Israel' means and whether it has any significant impact.
Persons: Israel — Organizations: Columbia, Yale, Harvard, UCLA Locations: Israel
One constant refrain at these protests is the call for college endowment funds to divest from Israel and the many American companies that do business there. Tech companies such as Google and Amazon and defense contractors such as Boeing and Lockheed are on that list. "These endowments are famously opaque," said Alison Taylor, clinical associate professor at New York University's Stern School of Business. However, many universities have ignored the calls to divest from Israel or companies that do business there. Watch the video above to learn more about how divesting from Israel and companies who do business there would actually work, and how it would affect the tens of billions of dollars at stake in college endowment funds.
Persons: Alison Taylor, University's, Witold Henisz, there'll Organizations: Tech, Google, Boeing, Lockheed, University's Stern School of Business, University of California, Universities, The Wharton School, University of Pennsylvania Locations: Israel, New, Berkeley
How working for Big Tech lost 'dream job' status
  + stars: | 2024-04-28 | by ( Anuz Thapa | ) www.cnbc.com   time to read: +2 min
Despite blockbuster earnings from giants such as Alphabet and Microsoft , layoffs continue to ripple through the tech industry. Layoffs.fyi, a platform monitoring job cuts in the tech sector, recorded more than 263,000 job losses in 2023 alone. Even though mass tech layoffs continue, the labor market still seems strong. Mass layoffs have eroded the shine of the tech industry, which is why workers are questioning whether getting a job in the tech industry should still be regarded as a "dream job." Watch the video to learn about tech workers' sentiments, considerations for aspiring Big Tech employees, and more.
Persons: Jeff Shulman, Dow Jones, Christine Cruzverga, Eric Tolotti Organizations: Microsoft, University of Washington's Foster School of Business, Dow, Big Tech Locations: U.S, Big, Snowflake
The tech sector is having a big 2024. Hotter-than-expected inflation data may also keep the Fed from cutting rates as soon as the market expects, a sign that the economy remains strong enough to support tighter monetary policy for longer. It's a different story for tech workers, though. The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023. So far, about 42,324 tech employees were let go in 2024, according to Layoffs.fyi, which tracks layoffs in the tech industry.
Persons: Jeff Shulman, There's, haven't, they've Organizations: Nvidia, University of Washington's Foster School of Business, Companies Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Guyana's oil boom sparked a border dispute with VenezuelaGuyana, the only English-speaking nation in South America, has witnessed new economic heights since the 2019 oil discovery. With just more than 800,000 residents, the tiny country the size of Idaho state claims the title of the world's fastest-growing economy. Amid global interest, the ongoing border dispute with neighboring Venezuela takes center stage. Watch the video above to learn the transformative effect of Guyana's oil and whether its escalation with Venezuela might derail its progress.
Organizations: Venezuela Guyana Locations: Venezuela, South America, Idaho
Guyana, a tiny South American nation home to more than 800,000 people, made big headlines in December. "What has happened is that it's been exacerbated by the discovery of oil (in Guyana)," said Dr. Terrence Blackman, founder and CEO at Guyana Business Journal. The 2015 oil discovery made Guyana the world's fastest-growing economy, recording the world's highest real GDP growth rate in 2022 and 2023. Venezuela has the world's largest oil reserves, but that hasn't stopped its economy from collapsing since Maduro took power in 2013. Watch the video above to dive deep into Guyana's oil economy, its ongoing escalation with Venezuela, what the country's oil means for the U.S. and more.
Persons: Nicolás Maduro, it's, Terrence Blackman, hasn't, Maduro, Venezuela doesn't, Valerie Marcel, Gregory Brew Organizations: Guyana Business, New Producers Group, Eurasia Group, U.S Locations: Guyana, American, Venezuela, Essequibo, United States, South America
Is the golden age of remote work over?
  + stars: | 2023-11-10 | by ( Anuz Thapa | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIs the golden age of remote work over? During the pandemic, remote work became the darling of the corporate world, and the steady stream of headlines of companies going fully remote captured the new normal. However, as the world began to open up, corporate America shifted its stance on remote work. Watch the video to learn why corporate America is pushing against remote work, how remote workers feel about the pushback, and what this workplace trend tells us about the U.S. job market.
Locations: America
Why the golden age of remote work may be coming to an end
  + stars: | 2023-11-10 | by ( Anuz Thapa | ) www.cnbc.com   time to read: +1 min
Finding fully remote work is getting challenging. "Some of the pushback remote work is driven by concerns about productivity," said Kory Kantenga, senior economist at LinkedIn. During the pandemic, remote work became the darling of the corporate world, and companies going fully remote became the new normal. "Remote work was thrust upon us basically by the pandemic," said Nicholas Bloom, professor of economics at Stanford University. "Before the pandemic, remote work was pretty rare.
Persons: Kory Kantenga, Nicholas Bloom, it's, Elon Musk, CNBC's David Faber, It's Organizations: LinkedIn, Census Bureau, Stanford University Locations: U.S, America, la la
The Covid-19 pandemic took a toll on the mental health of many college students. Now a new study has found that cases of depression and anxiety were even worse for students who were a racial minority at their schools. More than half of students at a predominantly white university who self-identified as non-white reported feelings of mild depression, according to the University of Georgia study, with 17% reporting they experienced moderate to severe depression. Students attending a historically black college who self-identified as non-Black also experienced higher rates of anxiety and depression than those who were Black. "To be isolated during this time can be associated with depression and anxiety as we found in our study, compounded by a lack of sense of belonging as a result of being a minority group."
Persons: Janani Rajbhandari, Thapa Organizations: University of Georgia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat's behind the surge in 'quiet cutting' at American workplaces'Quiet cutting,' a new workplace trend, has taken a center stage in business news as concerns about economic uncertainties grow, sparking widespread attention and discussion. Some economists say that despite the overall U.S. job market remaining strong, companies are fearful of what lies ahead so they are adopting the quiet cutting approach to workplace spending. Watch the video above to learn more about this trend and what it suggests about the job market and the overall economy.
In the American workplace of 2023, a new labor market trend has taken over where "quiet quitting" left off. Quiet cutting. "Quiet cutting is what some people consider a subcategory of quiet firing," said Nadia De Ala, a leadership and negotiation coach. "Quiet cutting suggests that the balance is shifting, with employers gaining more control." Watch the video above to learn more about quiet cutting and what this workplace trend tells us about the U.S. job market and the overall economy.
Persons: Nadia De, we've, Joanne Lipman Organizations: Yale University Locations: American, Nadia De Ala
Soccer in Saudi Arabia has entered a new era — the era of having global superstars play on Saudi turf. "This is what we're doing by bringing household names like that to the Saudi league. Saudi Arabia's sovereign wealth fund, the Public Investment Fund, is the financial vehicle driving these high-priced transactions. "Saudi Pro League is the top men's professional soccer league in Saudi Arabia." Watch the video above to find out why Saudi Arabia is doubling down its investment in professional soccer and more.
Persons: Neymar, Ballon, Cristiano Ronaldo, Fahad Nazer, Prince Mohammed bin Salman, Stefan Szymanski, Simon Chadwick Organizations: Soccer, Pro League, Saudi, CNBC, Public Investment Fund, Saudi Pro League, University of Michigan, Newcastle United, Critics, Skema Business Locations: Saudi Arabia, Saudi, Saudi Embassy, U.S, Ittihad, Al, Hilal, Ahli
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Saudi Arabia is pumping billions of dollars into pro soccerCristiano Ronaldo received a thunderous welcome at his new club, Al Nassr, in Saudi Arabia on January 3rd. That day was not just an ordinary day for the Arab nation; the five-time Ballon d'Or winner's entry to the Saudi Pro League also marked the start of a new era in their domestic league—the era of bringing global superstars to play their league by spending billions of dollars. Watch the video above to find out why Saudi Arabia is doubling down their investment in professional soccer and more.
Persons: Cristiano Ronaldo, Al Nassr Organizations: Saudi Pro League Locations: Saudi Arabia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLionel Messi: Can the superstar give professional soccer a boost in the U.S.? Messi-mania has swept the nation, drawing crowds to sold-out stadiums to witness the 36-year-old in action. Messi merchandise is in high demand, and Apple attributes a surge in Apple TV+ subscribers to his Major League Soccer presence. The MLS aims to harness Messi's popularity as the U.S. prepares to co-host the 2026 FIFA World Cup. Watch the video above to find out whether Messi wearing the Inter Miami jersey until 2025 could supercharge professional soccer in the U.S.
Persons: Lionel Messi, Messi Organizations: Apple, Major League Soccer, MLS, Inter Miami Locations: U.S
Why Apple's betting big on making iPhones in India
  + stars: | 2023-07-07 | by ( Anuz Thapa | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Apple's betting big on making iPhones in IndiaApple's plan to move more iPhone manufacturing from China to India sounds like a good idea on paper. In the real world, it's plagued with serious challenges — finding talent, building out infrastructure and navigating a patchwork of regulations. Watch the video above to find out why Apple is betting on India and the challenges it faces as it slowly shifts its manufacturing base from China to India. Apple declined CNBC's request for comment.
Organizations: Apple Locations: iPhones, India, China
It took seven years for Tim Cook to visit India again after traveling to the fast-growing country in 2016. That year, about 3.5% of the world's iPhones were made in India. "Without that broader supply base, they had production shortfalls which impacted their sales, which they might not have suffered as much had they had multiple sources." Moving more iPhone manufacturing from China to India sounds like a good idea on paper. Watch the video above to find out why Apple is betting on India and the challenges it faces as it slowly shifts its manufacturing base from China to India.
Persons: Tim Cook, Angelo Zino, Apple, Willy Shih Organizations: Apple, New, CFRA, Harvard Business School Locations: India, New Delhi, Mumbai, China
Why China's billionaires keep disappearing
  + stars: | 2023-04-15 | by ( Anuz Thapa | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy China's billionaires keep disappearingChinese billionaires have been dominating headlines for their mysterious disappearance from the public eye. In 2020, the disappearance of Jack Ma, founder of Alibaba, grabbed the world's attention. Fast forward to 2023, the disappearance of billionaires continues, where Bao Fan, a renowned investor banker, became the latest name in the list of 'vanishing billionaires.' Watch the video above to find out the reasons behind China's 'missing' billionaires and their ripple effects on China's private sectors.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's shrinking population: What it means for the global economyChina made global headlines in January when it announced a drop in its population for the first time since the 1960s. The country's National Bureau of Statistics reported the population total narrowed to 1.412 billion last year from 1.413 billion in 2021. Watch the video above to find out what caused this decline and how the shrinking population could alter the global economy.
The country's National Bureau of Statistics reported China's population slipped to 1.412 billion last year from 1.413 billion in 2021. Many experts believe that China's one-child policy, introduced in the 1980s, is one of the main reasons for the population decline. "China's one-child policy was a mistake," said Yi Fuxian, an expert on Chinese population trends at the University of Wisconsin-Madison. "What's happening in the bedrooms in China is actually affecting what's happening in the rest of the world." Watch the video above to find out what caused China's population decline and how the shrinking population could alter the global economy.
This year there's a new vogue practice — "quiet hiring." "Quiet hiring is one of several trends that we've identified as potentially having a major impact in 2023 for the future of work,'" says Emily Rose McRae, who leads Gartner's future of work research team. And companies are starting to turn to quiet hiring to trim costs ahead of a potential economic downturn. "One way of potentially doing that is what has been called quiet hiring." Watch the video above to find out more about the concept of quiet hiring and its potential impact on the job market and the overall economy.
How 'quiet hiring' became the workplace trend of 2023
  + stars: | 2023-02-04 | by ( Anuz Thapa | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow 'quiet hiring' became the workplace trend of 2023'Quiet quitting,' an anti-hustle cultural trend, gained momentum in 2022. That practice had to do with employees' rejection of going above and beyond to promote their careers at the expense of embracing life outside of work. Now, in a twist, the seemingly opposite, "quiet hiring," is the latest workplace trend. Experts, however, say this is not a new concept. Watch the video above to find out more about quiet hiring and its potential impact on the job market and the overall economy.
Saudi Arabia is building a futuristic city in the middle of a vast desert— from scratch. A vital element of the country's Vision 2030 plan, the project is the brainchild of Saudi's de facto leader, Crown Prince Mohammed bin Salman, also known as MBS. "Neom is a mega project seen in Saudi Arabia and the young Saudi population as part of this liberalization process." The Neom project is far from without controversy, though. It also is being seen by some as a way to distract attention from Saudi Arabia's human rights record.
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