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Seoul, South Korea CNN —A fire at a lithium battery factory in South Korea Monday killed at least 22 people, most of them foreign nationals, local officials said. It was extinguished around 3:10 p.m, and firefighters were able to enter the factory, said Hwaseong Fire Department official Kim Jin-young in a briefing. Rescue workers recovered a number of burned bodies, Kim said, and one person died due to cardiac arrest. Emergency personnel carry the body of a person killed in a fire at a lithium battery factory owned by South Korean battery maker Aricell on June 24, 2024. South Korean President Yoon Suk Yeol ordered the Interior and Safety Ministry and the head of the fire department to “make all-out efforts” to rescue people by “mobilizing all available personnel and equipment.”Parts of the lithium battery factory were burned following a fire in Hwaseong, South Korea on June 24, 2024.
Persons: Kim Jin, Kim, Kim Hong, Yoon Suk Yeol Organizations: South Korea CNN, Fire Department, South, Reuters, Interior, Safety Ministry Locations: Seoul, South Korea, Hwaseong, Gyeonggi Province, South Korean
Fundstrat's Tom Lee said the stock market could nearly triple by 2030 to reach 15,000. "The two previous instances of global labor shortage resulted in a parabolic move in technology stocks," Lee said. AdvertisementThe stock market could nearly triple by the end of the decade, according to Fundstrat's Tom Lee. And the two previous instances of global labor shortage resulted in a parabolic move in technology stocks," Lee said. Lee's global labor shortage projection is based on global demographics, with prime-age workers not replacing older generations at a fast enough clip.
Persons: Fundstrat's Tom Lee, Lee, , Tom Lee, we've, he's Organizations: Service
A fire at a lithium battery factory near Seoul​ on Monday killed at least 16 workers and left six others missing, officials said. The toll from the blaze, one of the deadliest in South Korea in recent years, was expected to rise as rescuers searched the building in Hwaseong, 28 miles south of Seoul. Kim Jin-young, an official with the Hwaseong Fire Department, said 102 people had been working in the factory, owned by the battery maker Aricell, when the fire broke out. Many of the dead and missing workers were migrants​ from China and other countries, and officials feared they had been trapped inside the building. ​Workers who fled the fire said it started when a single battery cell caught fire, triggering a series of explosions among some of the 35,000 lithium battery cells stored on the factory’s second floor, according to Mr. Kim.
Persons: Kim Jin, Kim Organizations: Hwaseong Fire Department, ​ Workers Locations: Seoul ​, South Korea, Hwaseong, Seoul, China
The Education Department is requesting information on expanding Public Service Loan Forgiveness eligibility. 450,000 more workers could benefit from the program if they have federal loans, per federal estimates. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPresident Joe Biden's Education Department wants feedback on making more student-loan borrowers eligible for Public Service Loan Forgiveness.
Persons: , Joe Biden's, PSLF, Biden Organizations: Department, Service, Joe Biden's Education Department, Public, Education Department, Business Locations: PSLF
Novo Nordisk on Monday said it will spend $4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid to boost the supply of its blockbuster weight loss drug Wegovy, diabetes treatment Ozempic and other injectable therapies. The company said it plans to invest $6.8 billion in production this year, up from roughly $4 billion last year. Construction of the 1.4 million-square-foot facility has begun and is expected to be completed between 2027 and 2029, Novo Nordisk said. Twelve other production sites are located in Denmark, France, China, Japan, Algeria, Brazil, Iran and Russia, according to a Novo Nordisk spokesperson. Around 35,000 U.S. patients on average start Wegovy each week today, up from roughly 27,000 in May, a Novo Nordisk spokesperson said in a statement.
Persons: Doug Langa, Clayton —, Langa, Eli Lilly Organizations: Novo Nordisk, Danish, Novo Nordisk's, Drug Administration Locations: Clayton , North Carolina, U.S, Novo, North Carolina, Clayton, Durham , North Carolina, West Lebanon , New Hampshire, Denmark, France, China, Japan, Algeria, Brazil, Iran, Russia
In Dagestan, Russian security forces fought an Islamist insurgency in the mountainous region in the 2000s that spilled over from neighboring Chechnya, though attacks have become rarer in recent years. Russian President Vladimir Putin attends a meeting with his election campaign confidants at the Kremlin in Moscow, Russia March 20, 2024. ISIS-K attack on music venueThe coordinated attacks in Dagestan come just weeks after Russia suffered its worst terror attack in decades. For a leader who has long promised security and stability to Russians, the major attack on Russian soil was another powerful blow. In the aftermath of the March attack, Putin called for Russia to remain united.
Persons: Vladimir Putin’s, Putin, Ramzan Kadyrov, Jill Dougherty, Vladimir Putin, confidants, Evgenia Novozhenina, Bashar al, Assad, Prince Mohammed bin Salman, Benjamin Netanyahu, Organizations: CNN, ISIS, Ukraine grinds, Russian Jewish Congress, Attackers, TASS, Russian Federation, Soviet, Hamas, Makhachkala Uytash Airport, Kremlin, Reuters, Saudi, Israeli, Central, Migrants, Kazakhstan — Locations: Russia, Russia’s, Dagestan, Moscow, Derbent, Makhachkala –, Makhachkala, Russian, Republic of Dagestan, Russia’s Caucasus, Caucasus, Soviet Union, Chechnya, , Grozny, Ukraine, , Gaza, Israel, CNN Moscow, Reuters Russia, Iran, Soviet, Tajikistan, Uzbekistan, Kyrgyzstan, Turkmenistan, Kazakhstan
Sentono had registered for the Hajj in 2018 and traveled to Mecca with his 83-year-old wife and neighbors from the Indonesian city of Yogyakarta, Jumartiyah said. Some 241,000 Indonesian pilgrims were scheduled to make the journey to Mecca this year, according to Indonesian officials – the country’s largest ever quota. Mecca, the holy city that is central for Hajj pilgrims, saw temperatures soar to a record 125 degrees Fahrenheit (51 Celsius) on Monday. “Everybody is affected by deadly heat and sadly I am not surprised by (the Hajj) death toll,” he added. “Spending time outdoors in the extreme Mecca heat is risking death … so I am afraid there will be more deadly Hajj pilgrimages in the future.”
Persons: Heru Jumartiyah, Ngatijo Wongso Sentono, , Sentono, Jumartiyah, , ” Jumartiyah, Pariyem, , CNN ‘, Ahmad, Maximiliano Herrera, ” Herrera Organizations: CNN, Saudi, Indonesian Ministry of Religious Affairs Locations: Indonesian, Mecca, Indonesia, Mina, Yogyakarta, Hajj, Saudi, Saudi Arabia,
Read previewSome single Chinese women — fatigued from the social stigma of being unmarried and childless — are opting to run away altogether. These women — mostly millennials in their mid to late 30s — are taking to the Chinese social media platform Xiaohongshu to talk about their great escape to the West. These women, per their accounts, are enrolled in higher education in countries like France, the UK, and the US. In these diary-style posts, the women talk about how higher education in the West has been their ticket to freedom. AdvertisementLeftover womenThere are several push factors that may be motivating more Chinese millennial women to seek greener pastures abroad.
Persons: , who've, Claudia Ke, Ke, Susu, she'd, childrearing, Emily Huang, BI's Kevin Tan Organizations: Service, US, Business, China, Burgundy School of Business, University of Cambridge, China Centre for Economic Research, National Bureau of Statistics Locations: France, China, Shanghai, Europe, Cambridge, England, Peking
Lower Social Security COLA forecast for 2025Unlike most other sources of retirement income, Social Security benefits are automatically adjusted for inflation each year. As current retirees continue to feel the pinch of higher costs, slowing inflation points to a lower Social Security cost-of-living adjustment next year. The Social Security cost-of-living adjustment may be 3% in 2025, estimates Mary Johnson, an independent Social Security and Medicare analyst. In contrast, beneficiaries saw a 3.2% Social Security cost-of-living adjustment this year — resulting in an average retirement benefit increase of just over $50 per month. That followed record high Social Security cost-of-living adjustments of 8.7% in 2023 and 5.9% in 2022.
Persons: Caroline Feeney, Feeney, they're, Mary Johnson, Johnson Organizations: Istock, Getty, Prudential's, Prudential, Social Security, Security, Urban, Clerical Workers, CPI
Gen Z is still figuring out what to wear for in-person work in an office. Fashion designer Christian Siriano advises saving your best outfits for occasions outside of work. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs corporate offices become more populated with in-person workers, a new generation of employees is figuring out what to wear. Gen Z employees are even turning to TikTok for workwear inspiration.
Persons: Christian Siriano, Organizations: Service, Business
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Now, China's tech bosses seem ready to do the same. AdvertisementChina is pushing tech workers even harderChinese tech companies seem willing to take Silicon Valley's efficiency mantra even further. Big names on China's tech scene, like and Jack Ma's Alibaba, have faced a threat from fast-growing newcomers like Pinduoduo, the sister company of online marketplace Temu. AdvertisementQu left Baidu after her comments were made public, but the ferocity of what China's tech workers are hearing isn't abating.
Persons: , Mark Zuckerberg, Andy Jassy, Meta's Mark Zuckerberg, Richard Liu, Liu, Jack Ma's Alibaba, Pinduoduo, Jack Ma, Wang, Ma's Alibaba, aren't, Qu Jing, Qu, Baidu, isn't Organizations: Service, Business, Financial Times, Bloomberg, China Labor Watch, Baidu Locations: China, Beijing
Federal data indicates wind-turbine technician is the fastest-growing job in the US. He started as an intern in 2017 before becoming a wind technician and then advancing over the past seven years. Federal data indicates wind-turbine technician is the fastest-growing job in the US, alongside nurse practitioner. Offshore wind technicians can expect to earn an extra 30% to 40% compared to onshore workers. Wind technicians in the early stages of their careers might do scheduled maintenance and cleaning.
Persons: , Dakota Carter, I've, Carter, Jerry Jones, Harry Willats, Willats, It's Organizations: Service, EDP Renewables, Renewables, Bureau of Labor Statistics, Industry, International Energy Agency, Darwin Recruitment, Siemens Gamesa, GE, Robert Morris University in, EDP, Technicians Locations: Delavan , Illinois, America, Australia, Brazil, China, Colombia, Egypt, India, Japan, Kenya, South Korea, Illinois, Texas, New Mexico , Kansas, Colorado, New York, Massachusetts, Robert Morris University in Illinois
CNN —For much of her life, Vivian Maier was something of a mystery. A crying child, photographed by Vivian Maier in Grenoble, France, in 1959. Vivian Maier/Courtesy Fotografiska New YorkVisitors take in photographs on display at Fotografiska's “Vivian Maier Unseen Work” in New York. In 2011, Maloof published a book, “Vivian Maier: Street Photographer,” and with the filmmaker Charlie Siskel co-directed the 2013 documentary “Finding Vivian Maier,” which was nominated for an Academy Award. In a self-portrait featured in “Vivian Maier Unseen Work," the photographer lenses herself in profile, reflected in a hand mirror.
Persons: Vivian Maier, Maier, “ Vivian Maier, , Anne Morin, Leandro Justen, Morin, Robert Frank, Diane Arbus, ” Morin, , Maier’s, Sophie Wright, Vivian, ” Wright, Dario Lasagni, John Maloof, Maloof, Charlie Siskel, Chicago’s, Carl, Maier hasn’t, Wright, Lane, Matthew Gensburg, York Maloof, Howard Greenberg, Organizations: CNN, New, Fotografiska, York Visitors, Kodak, Central, Flickr, Court, du Locations: New York, Chicago, York, Swedish, Grenoble, France, Central Park , New York, ” New York, America, California, Europe, Asia, , Chicago’s Cook, du Luxembourg, Paris
The average 401(k) savings rate — including employee deferrals and company contributions — has maintained historic levels as plan designs make it easier for workers to set money aside. In 2023, the average combined savings rate was an estimated 11.7%, which matched a record high from 2022, according to Vanguard's yearly analysis of more than 1,500 qualified plans and nearly 5 million participants. A separate Fidelity report also found record savings with a combined rate of 14.2% for the first quarter of 2024. And 43% of employees increased their savings rate that year, Vanguard reported. In 2023, an estimated 14% of participants hit the 401(k) deferral limit, which was $22,500 for savers under age 50, Vanguard found.
Persons: deferrals, , Dave Stinnett Organizations: Vanguard, Finance
Then Apple’s “By the Seaside” alarm sound went off. Moktan chose the jaunty, cheerful tune available as a ringtone and alarm on many of Apple’s devices, thinking that the song’s easygoing melody would make waking up a peaceful experience. Gyaltsen Moktan, a 26-year-old English teacher in Tokyo, says that "By the Seaside" reminds him of horror movie music. Courtesy Gyaltsen Moktan“By the Seaside” is perhaps Apple’s most polarizing alarm and ringtone, evoking comparisons to nails on a chalkboard, the word “moist” and screaming children on a plane. Boston Flake, a 15-year-old high school student in Utah, is in a love-hate relationship with the controversial alarm tune.
Persons: Gyaltsen Moktan, Moktan, , Gyaltsen, Carlos Xavier Rodriguez, Levi Hutchins, Antoine Redier, Seth Thomas, Boston, I’ll, ” Apple, Rodriguez, There’s, Rodrigo, Adele, Ryan Meadows, Krystal Roxas, Roxas, , ” Moktan, Bill Withers, Grover Washington, Jr’s “ Organizations: New, New York CNN, YouTube, University of Michigan School of Music, Theatre & Dance, Boston, Showbiz, CNN Locations: New York, Tokyo, Japan, , knocker, Britain, United States, Concord , New Hampshire, French, Utah, San Bruno , California
"Five, 10 years from now, it's going to be table stakes to know Python, to know a lot of these AI tools that are being generated today. And that's exactly what the 6-month program, called Bridger, strives to do. It gives sell-side analysts from research firms, investment banks, and consultancies the chance to build up their technical chops. The program also creates a pipeline of analysts at a time when investing talent among hedge funds is competitive and expensive. While learning to code was always part of the curriculum, this year it added AI skills to the program.
Persons: it'll, Will Scott, Scott, Bridger, Balyasny, Bridger alums, Stephen McGee, McGee, wasn't, Nicole Goldin's, Goldin Organizations: Service, Balyasny, Management, BAM, Bridger, JPMorgan, Columbia University Locations: Bridger
Read previewWhen Rudy Giuliani filed for bankruptcy late last year, it gave him some room to breathe. They all flowed into a federal bankruptcy court, where creditors could negotiate for whatever funds the aging former New York City mayor had left. But if the judge were to agree with the creditors and appoint a Chapter 11 bankruptcy trustee, Giuliani would lose control of his own financial life. AdvertisementA bankruptcy trustee would control all of Giuliani's assets and would be able to sell his two homes unimpeded. Giuliani's creditors have formed a supergroup to try to dig into his finances.
Persons: , Rudy Giuliani, Sean H, Lane, Giuliani, hasn't, mismanaging, Eric Snyder, Wilk Auslander, They've, Ruby Freeman, Shaye Moss, Noelle Dunphy, Akin Gump, Freeman, Moss, Joe Biden, didn't, TrustPoint, Smartmatic, Jacquelyn Martin, Donald Trump, Snyder, Maria Ryan, Rudy Giuliani's, Ryan couldn't, Matt Rourke Giuliani, John Catsimatidis, Biden, Barrett Prettyman, Shane Moss, Drew Angerer, isn't Organizations: Service, Systems, Business, New, New York City, Department, Dominion, Giuliani, Trump's Saving America, Rudy's, Towers Foundation, Giuliani Communications, Republican, Trump, AP, WABC, America's, Washington , DC Locations: New York, New York City, Florida, Georgia, Smartmatic, WASHINGTON, DC, Washington ,, Fulton County, Fulton, Arizona
But by the time Adrian's contract for his second job came to an end in March, a big part of him was relieved, he said. While some companies may be OK with their workers having a second job, doing so without approval could have negative repercussions. AdvertisementAdrian said that before taking on a second job, one should be "very comfortable" with one's main role. While he wouldn't rule out pursuing a second job again someday, he said the workload would have to be quite low. AdvertisementAre you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?
Persons: , Adrian, he'll, messaged, you'll, maxing, Roth, It's, hasn't, he's Organizations: Service, Business, LinkedIn, Roth IRA Locations: California
CNN —The Egyptian government will revoke the licenses of 16 Hajj tourism companies involved in making illegal pilgrimages to Mecca and refer the company’s managers to the public prosecutor amid fears hundreds of Egyptians could have died in this year’s Hajj. The decision was made in a cabinet meeting on Saturday after a report highlighted the dubious nature of how some tourism companies operate. The official toll among Egyptians stands at 31, but it is being reported by Reuters news agency and other outlets that as many as 500 to 600 Egyptians died during the pilgrimage. A CNN tally puts the total dead from Hajj at nearly 500 but the figure is likely to rise. Muslim pilgrims perform the farewell circumambulation or "tawaf", circling seven times around the Kaaba, Islam's holiest shrine, at the Grand Mosque in the holy city of Mecca.
Persons: Mostafa Madbouly, , Ahmed Organizations: CNN, Reuters, Getty, Egyptian Locations: Mecca, Hajj, AFP, Saudi Arabia, Indonesia,
Nearly two years ago, I huddled with some co-workers over a phone watching a video Celine Dion had shared on Instagram. “I miss you all so much.” This was Ms. Dion as we’d never seen her — fragile, tentative, worried — and all of us watching got a little emotional. This week, Ms. Dion will premiere “I Am: Celine Dion,” a documentary about her life since that diagnosis. Ms. Dion, 56, released her first album in 1981 at age 13, and she’s come to stand as one of the last pillars of a dwindling category: the pop divas. In the opera world, being labeled a diva can come with sexist overtones, a shorthand for a famous woman who makes unreasonable demands.
Persons: Celine Dion, , , Dion, we’d, , she’s, Barbra, Tina, Whitney, Patti, Chaka, Gladys, Mariah, Dolly, Cher, Mariah Carey, Aretha Franklin Organizations: North Star Locations: New York, gigawatts
This complex will be world’s first large-scale “green steel” project, according to H2 Green Steel, the Swedish company behind the multi-billion-dollar mill. Dhiraj Singh/Bloomberg/Getty ImagesWhile projects like H2 Green Steel show momentum is growing, experts say the pace is far too slow. Northern Sweden is also home to the HYBRIT green steel pilot plant — which is one step ahead. US Secretary of State Antony Blinken speaks during a visit to Hybrit Steel Plant in Lulea, Sweden, on May 30, 2023. But there’s also the challenge of producing large amounts of green hydrogen, which will require huge amounts of renewable energy.
Persons: Peter Boer, Dhiraj Singh, , Mohamed Atouife, Daniel Acker, ” Atouife, HYBRIT, Biden, Antony Blinken, Jonas Ekstromer, Martin Pei, SSAB, ” Pei, Chathurika, Caitlin Swalec, Jonathan Nackstrand, Pei, there’s, , Philipp Verpoort, “ It’s, Princeton’s, Swalec, Chris Greig, ” Greig, RMI’s Gamage Organizations: CNN, Green Steel, Tata Steel, Bloomberg, Getty, Rourkela Steel, Princeton University, Volvo, Hybrit Steel, TT, Agency, AFP, , Mountain Institute, Global Energy Monitor, Potsdam Institute, Climate Impact, Potsdam, Princeton University’s Andlinger Center for Energy, Workers, Jiangsu Shagang, Co, European Union Locations: Sweden, Boden, Swedish, Wijk aan, Netherlands, Odisha, India, Indiana, Portage , Indiana, Northern Sweden, Cleveland, Ohio, Middletown, Mississippi, Lulea, Luleå, AFP, China, Europe, Japan, Jiangsu, Huai'an, Jiangsu Province, European
Barring a major shock, Labour leader Keir Starmer will be the person walking through the famous black door of 10 Downing Street in less than three weeks’ time. His parents were political, naming their eldest after the first Labour leader in parliament, Keir Hardie. “He’s the first Labour leader in a generation to talk about class and snobbery,” Tom Baldwin, author of “Keir Starmer: The Biography,” told CNN. Jeremy Corbyn, then the Labour leader, made Starmer his Brexit chief following the 2016 referendum. Starmer, left, and then-Labour leader Jeremy Corbyn talk to the media at the EU Commission headquarters on March 21, 2019 in Brussels, Belgium.
Persons: Rishi Sunak, Conservative Party –, , Keir Starmer, Starmer, John Stillwell, Keir Hardie, , ” Tom Baldwin, “ Keir Starmer, , , ” Baldwin, Jeremy Corbyn, Corbyn, Osama bin Laden, Thierry Monasse, Boris Johnson, James Schneider, Dominic Grieve, ” Grieve, Grieve, ” Starmer, Stefan Rousseau Organizations: CNN, Conservative Party, Labour Party, Labour, Downing, Great, Great British Energy, European Union, Public Prosecutions, Crown, Service of, Wales –, University of Leeds, University of Oxford, NATO, EU, Conservative, Conservatives Locations: Britain, Great British, Service of England, London, Brussels, Belgium, Lancing, West Sussex
It's wild how many job listings might be fake
  + stars: | 2024-06-23 | by ( Tim Paradis | )   time to read: +5 min
Companies often post bogus roles to ease employees' concerns about being overworked and signal that the organization is growing, said Resume Builder, which recently found three in 10 employers have fake job listings. The reasons for listing fake jobs included signaling that the employer was willing to hire from outside the organization. Haller said employers that dangle fake listings risk hurting themselves by undermining their reputations. AdvertisementFake listings can lead to real jobsAbout seven in 10 of the fake jobs were on a company website or LinkedIn, according to the survey. And, yet, despite all the shenanigans, many fake listings often lead to real interviews — and even employment.
Persons: , Stacie Haller, it's, Haller, there's, you'll, That's Organizations: Service, Business
With the rise of remote and hybrid work following the pandemic, work relationships have forever changed. AdvertisementHow workplace connections have changedWith remote work, developing a work-spouse relationship is much more difficult due to limited in-person interactions. Still, Pillemer said, relationships aren't all lost with remote work. AdvertisementWigert noted that work best friends, work spouses, and similarly strong work connections can lead to being "more engaged, productive, and committed to their organization." What is your experience with work friendships, work spouses, and loneliness at work?
Persons: Erin Mantz, Mantz, Zeno, skews, they'll, Ben Wigert, Wigert, Vicki Salemi, Salemi, Julianna Pillemer, Pillemer, Joseph Fuller, Fuller, X, I'm Organizations: Service, Business, New York University, Harvard's Business School, Work Initiative
CNN —A California man spent ten days stranded in the mountains after he got lost on a hike, relying in part on large volumes of water to survive. Lukas McClish, 34, set out for what he thought would be a three-hour hike in the Santa Cruz Mountains on June 11, according to CNN affiliate KGO. But he became lost in the mountains – partially due to the destruction of local landmarks in recent wildfires. His family officially reported him missing when he didn’t show up for a Father’s Day dinner on June 16, triggering search and rescue efforts, KGO reported. Speaking with KGO, McClish said he was “tired and a little sore” after his ordeal.
Persons: Lukas McClish, McClish, , , ” McClish, Lukas McClish’s Organizations: CNN, KGO, Santa Cruz Sheriff’s, Cal Fire San, Big Basin Redwoods, Cal Fire, KSBW Locations: California, Santa Cruz, Cal Fire San Mateo, Big
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