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Texas' economy is growing faster than California's as it woos big companies and new residents. But some Texas residents are feeling increasingly fed up and priced out of the state. That figure is even stronger for the fourth quarter of 2023, which saw Texas' GDP grow at an annual rate of 5% — a jump that Texas Gov. Its $3.9 trillion GDP accounts for 14% of the national GDP, according to the report. Some Texas residents are less happyAs Texas' economy soars, some residents are feeling increasingly fed up and priced out.
Persons: , Greg Abbott, California's, Tesla, Charles Schwab, Abbott, Elon Musk, CBRE, Jennifer Sor, Austin Organizations: Service, Lone Star, Public, Institute of California, Public Policy Institute, Texas Gov, Bureau, Oracle, State for, Chevron, Gov, Fortune, Texas, Nvidia, Golden State, Bureau of Labor Statistics, Texas realtors, BI Locations: Texas, While California, California, , Texas, State for Texas, Palo Alto , California, Austin, Dallas, Fort Worth, Arlington
Six US cities have been ranked as having world-leading economic vitality by the Oxford Economics Global Cities Index. But while they perform well on economic factors, the cities fall down on governance and quality of life. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . However, according to the latest Global Cities Index from research group Oxford Economics, six US cities are still the leading "engines of the global economy." This story is available exclusively to Business Insider subscribers.
Persons: , exoduses Organizations: Oxford Economics, Service, Oxford, Dallas, Business Locations: York, Los Angeles, San Jose, Seattle, San Francisco
- | Afp | Getty ImagesWith the eyes of the world on the ongoing wars in Ukraine and Gaza, an unprecedented number of potentially "catastrophic" conflicts are going under the radar, analysts have warned. The U.N. estimated in October that more than 114 million people were displaced by war and conflict worldwide. There is good reason for that — it is currently the most dangerous place in the world to be a civilian." The political turbulence comes amid ongoing armed conflict in eastern DRC and widespread poverty, and precedes further regional elections early next year. If you look at Myanmar, of course you've got this huge population in Bangladesh of displaced Rohingyas, and also displaced within Myanmar itself," she said.
Persons: Abdel Fattah al, Burhan, David Miliband, Miliband, Isabelle Arradon, Rapid Support Forces —, Gen, Mohammed Hamdan Dagalo, Khalifa Haftar —, Arradon, Félix Tshisekedi, U.N, Antonio Guterres, you've, We've, It's Organizations: Afp, Getty, Rescue, Crisis, CNBC, Rapid Support Forces, UAE, IOM, UN's, Organization for Migration, Sudanese Armed Forces, Democratic, Government Locations: Red Sea, Port Sudan, Ukraine, Gaza, Sudan, Saudi Arabia, Libyan, Khartoum, Darfur, METEMA, Ethiopia, Metema, AFP, South Sudan, Democratic Republic of the Congo, Rwanda, Democratic Republic of, Congo, DRC, Goma, North Kivu, Kigali, Kinshasa, Myanmar, Bangladesh, Shan, Sagaing, Kayah, Rakhine State, Burkina Faso, Cameroon, Chad, Gambia, Guinea, Mali, Mauritania, Niger, Nigeria, Senegal
CNN —Target is closing nine stores in four metropolitan areas: the San Francisco Bay Area, Portland, Seattle, and New York. Here are four charts showing what retailers are facing in those areas where Target is closing stores. The six counties where Target is closing stores saw exoduses in high earners larger than the average for similar counties. Census data also shows that the six counties where Target is closing stores had a higher percentage of remote workers compared to their states as a whole. In the markets where Target is closing stores, the shortages persist.
Persons: it’s, David Johnston, Connor O’Brien, , O’Brien, ” O’Brien, Johnston Organizations: CNN, Coresight Research, National Retail Federation, Economic, Group, McKinsey, Department of Commerce, of, Labor Locations: San Francisco Bay Area, Portland, Seattle, New York, it’s, O’Brien
Americans are increasingly leaving big cities in states like California for affordable enclaves. Indiana towns are offering cash and other incentives for those willing to leave city life behind. One family shared with The Los Angeles Times the perks they cashed in on in Indiana. Other perks include coffee with the town's mayor Chris Jensen and memberships to a golf club and co-working space. It's too soon to say whether the exoduses away from states like California will stick.
Persons: , Mariah, Chad Zingarelli, Chris Jensen, Mariah Zingarelli, Matt Winters, I'm, It's Organizations: Los Angeles Times, Service, Indiana aren't, Redfin, Times, Economic Development Corp, Indiana — Locations: California, Indiana, City, San Francisco , New York, Los Angeles, Florida, Fresno , California, Noblesville , Indiana, Poplar Bluff , Missouri, Poplar Bluff's, Salt Lake City , Utah
In December, LinkedIn and CensusWide surveyed more than 2,000 U.S. workers about their professional plans for the new year. Of those respondents, 72% of Gen Zers and 66% of millennials said they are contemplating a career change in the next 12 months, compared to just 55% of Gen Xers (ages 42-57) and 30% of baby boomers (ages 58-76). This has translated to ample opportunities for workers, who can double or even triple their salaries by changing jobs. Even with a possible recession on the horizon, Kimbrough expects that Gen Zers and millennials will continue to quit and change jobs at elevated rates in the months ahead. Gen Zers and millennials want to work on their own terms
In the last 18 months, at least nine top YouTube executives left and were replaced by longtime Googlers. "It's becoming very operationalized at YouTube," said one former YouTube executive. Google ad executive takeoverYouTube's chief business officer role has marked a significant shift toward the rising influence of Google's sales culture. 2019 is also when Google began keeping a closer reign on YouTube and started to stock it with Google ad executives. The point person for YouTube Originals, Susanne Daniels, who came from MTV, left YouTube in January, shortly before YouTube shut down its entire Originals content group.
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