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☆ Palo Alto Networks finally gets back on track — delivering strong earnings and a promising outlook
▼ + stars: | 2024-08-19 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

After two rough quarters, Palo Alto Networks on Monday evening delivered the type of earnings report we expect from one of the best cybersecurity companies in the world. PANW YTD mountain Palo Alto Networks YTD The issue with billings in recent quarters has been that the high cost of money has resulted in increased negotiations on terms and financing options. Palo Alto Networks Why we own it: We believe cybersecurity is a secular growth market as bad actors are relentless and companies simply cannot afford to not invest in defense. Palo Alto Networks headquarters in Santa Clara, California, US, on Monday, Aug. 14, 2023. Palo Alto Networks Inc. is scheduled to release earnings figures on August 18.

Persons: management's, billings, Dipak Golechha, Nikesh Arora, Arora, Palo, we're, platformization, I've, Jim Cramer, Jim Cramer's, Jim, David Paul Morris Organizations: Palo Alto Networks, Revenue, LSEG, Total billings, U.S, Networks, billings, Palo Alto, Alto Networks, Cisco Systems, Palo, CNBC, Bloomberg, Getty Locations: Palo, billings, XDR, Palo Alto, Santa Clara , California

☆ New Realtor Rules Will End Casual House Hunting, Change Homebuying
▼ + stars: | 2024-08-19 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

They'll hand 5%, or $25,000, to their agent, who then gives half, or $12,500, to the buyer's agent. They also feared that buyers' agents might "steer" clients away from homes that dared to offer less than the going rate. But in order to keep using the MLS, buyers' agents will have to abide by another rule that will further upend the old way of doing things. In the old days, a seller might have unthinkingly offered a commission of 2% or even 3% to the buyer's agent. The idea that sellers pay both agents' commissions has always been a clever sleight of hand.

Persons: they'll, didn't, Laura Ellis, they'd, Sellers, Tanya Monestier, Monestier, Ellis Organizations: Realtors, Baird & Warner, MLS, National Association of Realtors, NAR, Consumer Federation of America, California Association of Realtors, CFA, University at Buffalo Locations: Chicago, America, California

☆ Gen Z Are Struggling With the Soaring Cost of Dating, Finding Love
▼ + stars: | 2024-08-15 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +15 min

AdvertisementAs someone who's also been dating through whatever it is we've been doing romantically since 2020, I've noticed that my dating costs are going through the roof. How much should a date cost? For alcohol-free drinkers, the average price of a coffee is about $6 in New York City, which is comparable with other markets. Meanwhile, an informal 2022 report found that the average cost of a full body wax was $152, and Cosmopolitan reported in January that low-end forehead Botox would cost you $300. But even with the high up-front cost of dating, getting into a long-term relationship might pay off in the long run.

Persons: Ben Keenan, he's, Keenan, —, who's, we've, I've, Amy Nobile Messing, Damona Hoffman, Poyser, Messing, there's, Hoffman, Caesar, Josh rosé, Andy Kiersz, they'd, would've, aren't, Keenan's, daters Organizations: American Museum of, Business, Inmar Intelligence, Cosmopolitan, HingeX, Seattle, Bills Locations: Seattle, New York City, Los Angeles, Hudson , New York, New York, America

☆ Reddit's increased reliance on Google traffic has Wall Street anxious to see if visitors sign up
▼ + stars: | 2024-08-14 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +10 min

Reddit calls them logged-out users and, based on some industry estimates, they only monetize at about one-third the rate of logged-in users. The number of logged-out users surpassed logged-in users in the fourth quarter, and the gap has since widened. Logged-in users increased 31% in the second quarter to 42 million, while logged-out users increased at a much more robust rate of 74% to 49.2 million. Alan Gould, managing director at Loop Capital, said Google makes up "the vast majority of the logged-out users." By 2025, Reddit's logged-in users could represent an ARPU of $17.60 compared to $5.90 for logged-out users, Black said, based on the firm's estimates.

Persons: Spencer Platt, Tom Wahlin's, Hacker, Wahlin, we're, Lily Ray, Amsive, Ray, Reddit, Alan Gould, Daniel Konstantinovic, Konstantinovic, Benjamin Black, monetization, they'll, Reddit's, Black, Jen Wong, Wong, Steve Huffman, They'll, Huffman Organizations: New York Stock Exchange, Getty, Aer, Google, U.S, Loop, Deutsche Bank, CNBC, AllGear Digital, YouTube Locations: New York City, U.S, Reddit

☆ Video game industry faces sluggish growth in 2024 amid weak console sales, research firm says
▼ + stars: | 2024-08-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Analysts are expecting Nintendo to release a successor to its hit Switch console in its fiscal year 2025. The global video game market is set for sluggish annual growth this year amid weak sales of gaming consoles, according to a new report from market research firm Newzoo. In a blog post published Tuesday, Newzoo said the games industry is set to grow 2.1% year over year to an estimated $187.7 billion. That is slightly down from an earlier January forecast in which the firm said it expects the video game industry to grow 2.8% to $189.3 billion in 2024. Though it's a step up from last year's growth rate of 0.6%, the games industry isn't experiencing the same growth rates it saw in the heady days of the Covid-19 pandemic.

Persons: Newzoo, it's Organizations: Nintendo, U.S Locations: U.S, China

☆ I quit my Big 4 accounting job to be a full-time entrepreneur. It's useful to have a stable job for as long as you can.
▼ + stars: | 2024-08-14 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Macdonald, 32, quit his accounting job at PwC in 2016 to work on ManiLife full-time. I decided to accept a job at PwC, a Big Four accounting company, for a three-year graduate program. When the time came to return to my accounting job in September 2015, I gave up my peanut butter venture and returned to the UK. I had shelved my idea for a peanut butter brand to work at PwCI came up with the idea for ManiLife — my peanut butter company — living in Argentina. Having a stable job helped me get my business off the groundI think I left my PwC job at the right time.

Persons: —, Stu Macdonald, Macdonald, I'd, weren't, didn't, I've, I'm Organizations: Service, Business Locations: Wilmslow , England, PwC, Argentina, Córdoba, British

☆ Harris and Walz to take bus tour through Pennsylvania ahead of Democratic convention
▼ + stars: | 2024-08-14 | by ( Eva Mckend | Piper Hudspethblackburn | ) edition.cnn.com time to read: +2 min

Tim Walz, will roll through Pennsylvania on a bus tour Sunday, dropping in on the crucial battleground state just days before the Democratic National Convention in Chicago. The pair’s first rally shortly after Walz was announced as Harris’ running mate was in Philadelphia, the commonwealth’s largest city, and they embarked on a dayslong tour of battleground states shortly after. Sunday’s tour, which is scheduled to begin in Pittsburgh, will mark the first time that Harris, Walz and their respective spouses – second gentleman Doug Emhoff and Minnesota first lady Gwen Walz – will appear on the campaign trail together. The campaign has 36 coordinated offices and 300 staffers in Pennsylvania, which Harris has already visited seven times this year. Seven battleground states have been the focus of more than $212 million in ad spending over that stretch, with Pennsylvania accounting for $70.6 million of that total.

Persons: Kamala Harris, Tim Walz, It’s, Harris, Walz, –, Doug Emhoff, Gwen Walz –, Donald Trump, ’, Trump, Joe Biden, Biden, Kayla Tausche, David Wright Organizations: CNN, Minnesota Gov, Democratic National Convention, Pennsylvania, Electoral, Keystone State, Democratic, Republicans Locations: Pennsylvania, Chicago, Philadelphia, Pittsburgh, Minnesota, Milwaukee, Wisconsin, Michigan, Wilkes, Barre , Pennsylvania, Butler, Pittsburgh . Pennsylvania

Trump’s allies are also publicly making their pitch for him to refocus his attention on the race. “You’ve always got to be assessing the state of the race, and I would like to see more offense from the Trump campaign. On a swing of battleground states last week, Harris and her new running mate were greeted by a groundswell of supporters at each stop. "This was a TRUMP idea — She has no ideas, she can only steal from me," Trump wrote on Truth Social. In an appearance on Real America’s Voice last week, Trump’s political director, James Blair, made the case that it is a state-by-state race.

Persons: Donald Trump, Kamala Harris, Trump, ”, ” Trump's, “, Harris, Joe Biden's, Brian Kemp, Kevin McCarthy, “ You’ve, ” McCarthy, Tim Sheehy, Dan Eberhart, —, Biden, ” Trump, outpacing Harris, ” Karoline Leavitt, Trump’s, Walz, David Lee, Chris Grant, James Blair Organizations: Republican, Trump, NBC News, Fox News, Montana, Democrat, ”, Mar, Biden, ABC, Harris, Privately, CNBC, Democratic, “, Labor, MAGA Inc, Politico, Real America’s Voice Locations: Georgia, Bozeman, Asheville , North Carolina, Pennsylvania, Florida, Las Vegas, Arizona, Michigan , Wisconsin , Nevada, North Carolina

☆ 3 data points that could impact how big of a Fed rate cut the market gets next month
▼ + stars: | 2024-08-13 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Management blamed "higher interest rates and greater macroeconomic uncertainty" for pressuring consumer spending on home improvement projects. The recent data certainly supports the idea of a rate cut at the Fed's mid-September meeting. However, that's weeks away, we know things can turn on a dime in the data and the stock market. Lower rates can certainly impact the stock market — but when it comes to picking individual stocks, we remain focused on earnings. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Thursday's, Stanley Black, Decker, Stifel, bode, Russell, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, PPI, Management, Dow, Home Depot, Trade, Costco, Depot, CNBC, New York Stock Exchange, Getty Locations: U.S, New York City

☆ Western sanctions are so tight that Russia and China could soon use an ancient trading system. It's worked before.
▼ + stars: | 2024-08-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewRussia and China are planning to revive the age-old practice of barter trade to get around Western sanctions, Reuters reported on Thursday. Since barter trade doesn't require monetary payments, it would allow Russia and China to skirt such issues. Russia has used barter trade beforeIt would not be Russia's first time using barter trade. Problems with barter tradeEven so, barter trade isn't widely practiced in modern society. Russian authorities are working on other ways to skirt Western payment sanctions.

Persons: —, Alexandra Prokopenko Organizations: Service, Reuters, Business, Russia, Kommersant, United Arab, RIA Novosti, Carnegie Russia Eurasia Center Locations: Russia, China, Russian, Ukraine, United Arab Emirates, Turkey, Austria, Afghanistan, Iran, Pakistan, India

☆ A peak boomer fears she can't retire with $2,000 Social Security payments — and may have to move in with her sons
▼ + stars: | 2024-08-13 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Even though her two sons have moved out, she struggles to secure enough to pay her bills and save for the future. She fears that even when she receives about $2,000 a month in Social Security payments in six years, it will not be nearly enough. Related stories"My career path has finally gotten to be decent pay, but it's not great, and I'm still single," Davenport said. Between child support and an increase in work income, her income ended up slightly above the housing assistance cutoff when her kids were growing up. AdvertisementPreparing for the futureDavenport plans to wait until she's 67 to claim her Social Security benefits, which she anticipates will be about $2,000.

Persons: Becky Davenport, —, Davenport, I'm, it's, she's, hasn't, doesn't, spender, we've, She's, wouldn't Organizations: Service, Business, Social, Alaska Permanent Fund, Security Locations: Alaska, Chugiak, Anchorage, East Coast, New Jersey , Pennsylvania, Kentucky

☆ Debby’s aftermath leaves thousands in the dark; threatens more flooding in the Carolinas
▼ + stars: | 2024-08-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

With the ground already saturated from Debby, the National Weather Service said localized downpours could result in additional flash flooding throughout the coastal Carolinas. “Right now, it’s thundering, sprinkling and pretty dark so I’d say it’s going to start raining hard here pretty soon,” she said. Even in drier areas, more than 35,000 homes and businesses in Ohio, New York, Pennsylvania and Vermont still had no electricity as of Sunday afternoon, according to the tracking website PowerOutage.us. Debby’s last day and night over the U.S. inundated parts of New York, Pennsylvania and New England with rain and flash flooding on Friday, prompting evacuations and rescues. Officials announced plans to distribute water bottles and clean-up kits to residents impacted by flash flooding on Sunday and Monday.

Persons: Debby, Chastity Bettis, “, ”, Debby’s, Craig Ruttle, Stacey Urban, ” Urban, hasn’t, “ It’s, …, Marc Rice, Clint Owlett, “ That’s Organizations: PHILADELPHIA, U.S, Florida, National Weather Service, Carolinas, Authorities, Tropical, Post High School, Volunteers, National Hurricane Center, Atlantic, Officials Locations: North Carolina, New York , Ohio, Pennsylvania, East, Canada, Lumberton, N.C, New Bern , North Carolina, South Carolina, Charleston, Charleston County, Chatham County, Ohio , New York , Pennsylvania, Vermont, Ohio, U.S, New York , Pennsylvania, New England, Canistea , New York, Canisteo , New York, New York’s Steuben County, Tioga County

☆ She grew up in Ukraine, studied accounting, and joined the army. But since Russia invaded, she did a hard career pivot — twice.
▼ + stars: | 2024-08-12 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +7 min

Kuzmina, 32, is training to be an electrician in Kamianske, a city in eastern Ukraine. Because of worker shortages in fields like driving, mechanical work, and road work, the Ukrainian government launched a program that provides women with training vouchers. But Ukrainian women must still contend with employers and even family members who aren't always on board with more women taking traditionally male jobs. But soon after Russia invaded Ukraine in February 2022, Kuzmina's commander disbanded the unit because of a lack of resources. Ukrainian President Volodymyr Zelenskyy said last month that Russia had damaged or destroyed more than half of Ukraine's power generation.

Persons: —, aren't, Kuzmina, Yuliia Kuzmina, Volodymyr Zelenskyy, Yana Lukashuk, Lukashuk, Olga Kupets, Kupets, shubhangigoel@insider.com Organizations: Service, Business, Army, Ukrainian Army, Donbas Battalion, Kuzmina's, Locals, Kyiv School of Economics Locations: Kamianske, Ukraine, Russia, Ukrainian, Torestsk, Kyiv, Soviet

☆ There's a hidden risk lurking for AI stocks in 2025
▼ + stars: | 2024-08-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

Depreciation costs could lead to AI stock price declines and valuation scrutiny, according to Baird's Ted Mortonson. AdvertisementThe lurking problem is that the useful lifetime of AI GPU chips can be a lot shorter than many expect, especially as AI chips go through an ever-accelerating innovation cycle, leading to higher-than-expected depreciation expenses that ultimately drag down profits. For example, the bank expects Alphabet to record $28 billion in depreciation costs in 2026, which is 24% more than current consensus estimates of $22.6 billion. AdvertisementBut even that has its limits because of how quickly Nvidia is releasing new GPU chips. And for Mortonson, it all comes back to the return on invested AI capital.

Persons: Ted Mortonson, —, doesn't, outlays, Ross Sandler, Baird, Morton, Sandler, Mortonson, there's Organizations: Barclays, Service, Companies, Nvidia, Business

Read previewAs a freshman at Penn State University, Ezra Gershanok was set on landing a job in consulting after graduation. Four Gen Z consultants told BI they were not in the industry for the long haul. Related storiesYet she doesn't expect the consulting industry will go hungry for workers because of the opportunities the experience can bring. AdvertisementShe said the learning opportunities can help some young consultants cope with the long hours and stress of the gig. Gen Z consultants said the hours are worth it as long as they pick up new skills.

Persons: —, Ezra Gershanok, There's, Gershanok, It's, he'd, Gen Zers, Vicki Salemi, Monster, Salemi, Gen, Jorge García Febles, I'm, PwC, it's, Spencer Rascoff, Surabhi Gupta Organizations: Service, Penn State University, Deloitte, McKinsey & Company, Business, Ritz Carlton, Consulting, McKinsey

☆ Nights in Las Vegas Are Becoming Dangerously Hot
▼ + stars: | 2024-08-11 | by ( Ronda Kaysen | Aatish Bhatia | ) www.nytimes.com time to read: +12 min

This June and July, nights in Las Vegas stayed above 79 degrees for all but seven days. And hot nights are something more people are experiencing: No American major metro area has grown as much as Las Vegas has over the last three decades. Even after the sun set in Las Vegas in June and July, temperatures routinely remained in the 80s and 90s. Populations have doubled or more over a generation, with the number of abnormally hot nights rising at similar rates. A growing dangerLas Vegas metro 1984 Urban Core This was the Las Vegas metro in 1984.

Persons: ”, Matt Woods, —, Bridget Bennett, Ariel Choinard, “ You’re, Ms, Choinard, Anita Swogger, Tristan, Chima Cyril Hampo, Mr, Swogger, Tollis, Yanci, Yanci Hill, Steffen Lehmann, Blanca Solis, Solis, Richard Kettler, Solis’s, “ Organizations: Vegas, Las Vegas, National Weather Service, The New York Times, Southern, Resilience, Desert Research Institute, Southern Nevada Health, Duke University, U.S ., Atlanta, National Weather, Major metros, Las, Regional Transportation Commission, Drexel University, Weather Service, University of Nevada Locations: United States, Las Vegas, Vegas, Southern Nevada, Clark County, Austin , Texas, Raleigh, N.C, Orlando, Fla, Austin, Phoenix, … Las Vegas Austin , Texas Raleigh, Phoenix Atlanta, Nevada, Arizona, East Las Vegas, Asia, Henderson, Stewart, Las

☆ More than 80 years after he went missing, WWII airman honored
▼ + stars: | 2024-08-11 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +2 min

CNN —A World War II airman who died in 1943 after his aircraft went down over Romania was recently honored at an American cemetery abroad, according to the American Battle Monuments Commission. The Defense POW/MIA Accounting Agency announced last month Samoski was accounted for, according to a news release from the agency. American Graves Registration Command, which tracked down fallen American personnel, disinterred all American remains from the cemetery after the war, according to the agency. The remains of more than 80 unknowns who could not be identified were recovered and interred at two cemeteries in Belgium. Those remains were then sent from Belgium to an agency laboratory to be examined and identified, the agency said.

Persons: Stanley J, Samoski, Joey R, Hood, Samoski’s, “ Organizations: CNN, Monuments Commission, United States Army Air Forces, North Africa American, Defense POW, Agency, Arlington National, 334th Bombardment Squadron, 98th Bombardment Group, Air Force, Liberator, Civilian, Military, Command, The Defense POW, Armed Forces Medical Locations: Romania, Carthage, Tunisia, Republic of Tunisia, New Hampshire, Arlington, Bucharest, Bolovan, Ploiești, Prahova, Belgium

☆ The 3 worst things about being an Uber or Lyft driver
▼ + stars: | 2024-08-09 | by ( Jacob Zinkula | Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

In the second quarter of this year, Uber drivers completed 2.2 billion trips across the company's ride-hailing and delivery platforms; Lyft drivers completed roughly 200 million trips. Avedian shared what he considers to be the top concerns of Uber and Lyft drivers: declining pay, driver safety, and wrongful deactivations. An Uber spokesperson told BI that drivers, on average, make more than $30 an hour while active in the app. AdvertisementGeorge, a full-time Uber driver in Cleveland who has driven since 2017, said he wants to quit but has few other options. AdvertisementJulie, a part-time Uber driver in Cleveland, hasn't always felt safe during her five years in the gig economy, she previously told BI.

Persons: —, Lyft, Sergio Avedian, Guy, Uber, Dara Khosrowshahi, Avedian, David Risher, George, Julie, hasn't, Aaron Lavender, Lavender Organizations: Service, Business, Wall, Wednesday, Drivers, BI, UC Berkeley, Uber, Lyft Locations: Cleveland, Colorado, Oregon

☆ Boosting worker well-being doesn't have to be pricey
▼ + stars: | 2024-08-07 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Courtesy Peter MontgomeryThat ability to make a career conform, where possible, to an employee's life is one of the simple and often inexpensive ways employers can boost their employees' well-being. AdvertisementA recent Gallup survey found worker well-being slipped globally to 34% in 2023 from 35% the year before. Boosting worker well-being is good for employees, of course, but it's also good for the bottom line. And it's critical for boosting other measures of corporate and worker health — things like engagement on the job. A small number of business leaders review requests to keep the process simple and to respect worker privacy, she said.

Persons: Peter Montgomery, Montgomery, he's, it's, Erica Golden, Golden, Bradd Chignoli, Chignoli Organizations: Gallup, Banyan Software, Workers, MetLife Locations: Wellington , New Zealand, Montgomery

☆ Starboard pushes Autodesk board to weigh CEO change, cost cuts
▼ + stars: | 2024-08-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Activist investor Starboard Value has been engaging with the board of Autodesk , continuing its push to improve the company's operations and financial performance, according to a presentation viewed by CNBC. Starboard wants Autodesk's board to reassess whether CEO Andrew Anagnost, who has helmed the software maker for seven years, is the right person to lead the company forward, according to the presentation. The activist investor has shared the presentation's findings with Autodesk's board in recent weeks, after disclosing a $500 million stake in the company earlier this year. Starboard is also pushing for cost cuts and a realigned executive compensation plan, all of which it believes can drive margin improvement of up to 1,000 basis points. But Starboard has shown no signs of relenting, continuing to press the company and shareholders for change.

Persons: Andrew Anagnost, Anagnost, Dow Jones, Deborah Clifford, Jeff Smith Organizations: Autodesk, CNBC, GoDaddy Locations: Delaware, Salesforce

☆ Justice Clarence Thomas didn't disclose additional private jet travel, Democratic senator says
▼ + stars: | 2024-08-05 | by ( Zoë Richards | Zoë Richards Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

The head of a Senate panel investigating Clarence Thomas said Monday that the Supreme Court justice had failed to disclose additional private jet travel. The letter, which also cited reports of Thomas’ travel to Greece, the Caribbean, Russia and the Baltics, is the latest in a string of allegations from Senate Democrats about undisclosed travel by Thomas. In a statement Monday, Crow's office accused Wyden of "abusing" his panel's power in what it called a political campaign against the Supreme Court. An attorney for Thomas and a spokesperson for the Supreme Court did not immediately respond to requests for comment Monday. The judiciary has updated its disclosure rules to make it clear that private jet travel has to be reported.

Persons: Clarence Thomas, Harlan Crow, Sen, Ron Wyden, Thomas, Wyden, Crow, Thomas ’, “, Wyden’s, Elliot S, Berke, Thomas “, Joe Biden, Neil Gorsuch, Biden Organizations: Finance, Supreme, Judicial Locations: Hawaii, New Zealand, Greece, Caribbean, Russia

☆ A cancer dietitian shares 3 lunches that could help prevent colon cancer, a condition on the rise in young people
▼ + stars: | 2024-08-05 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +4 min

Cancer is typically associated with older people, but the percentage of colorectal cancer cases in those under 55 doubled between 1995 and 2019, from 11% to 20%, according to the American Cancer Society. However, it's understood that lifestyle factors such as being overweight, being physically inactive, drinking alcohol, and eating lots of red meat and ultra-processed foods increase colon cancer risk, Meredy Birdi, a cancer dietitian based in London, told Business Insider. There's good evidence that eating fiber lowers colorectal cancer risk, she said. She shared three high-fiber lunch recipes that could help prevent colorectal cancer with BI. AdvertisementShe pairs the eggs with whole wheat toast for fiber and sprinkles some chopped chives on top for flavor.

Persons: —, It's, it's, Meredy, Birdi, She's Organizations: Service, American Cancer Society, Business, Centers for Disease Control, Prevention Locations: London

☆ As markets crater, key levels to watch on the S&P 500 as it nears correction
▼ + stars: | 2024-08-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Data released Friday showed 114,000 jobs were created last month, far below a Dow Jones estimate of 185,000. The S & P 500, accounting for Monday's expected losses, will be down around 9% from its recent high. She sees support emerging for the S & P 500 around the 5,000 level, or another 6.5% from here. If market conditions get very dire in the meantime, there is a chance the Federal Reserve could step in, investors hope. "The fed funds rate right now should be somewhere between 3.5% and 4%," he said .

Persons: Dow Jones, Katie Stockton, There's, Stockton, CNBC's, Jeremy Siegel, They've Organizations: Nikkei, Federal, Wharton Locations: Japan, U.S

☆ Joe Biden Stepped Aside. a Lot of Aging CEOs Should Do the Same.
▼ + stars: | 2024-08-04 | by ( Rob Price | ) www.businessinsider.com time to read: +13 min

Less discussed, however, is a parallel crisis in corporate America: a wave of aging business leaders who refuse to step aside. The average retirement age is similarly increasing: to 62 in 2024 from 57 in 1991. Using public data from 1992 to 2018, they assessed the relationship between a CEO's age and their "managerial ability," as measured by how they turned company resources into revenue and profit. "A 10% increase in CEO age is associated with a 1.9% decrease in managerial ability," they wrote. And older workers, both above and below the traditional retirement age, already face unwarranted discrimination in the workplace.

Persons: who'd, Joe Biden's, Donald Trump, Ruth Bader Ginsburg, Sen, Dianne Feinstein, It's, Rosemond Desir, Scott Seavey, Seavey, what's, Mark Fisher, Sumner Redstone, —, David Ekerdt, Olivia S, Mitchell, Desir, Warren Buffett, Rupert Murdoch, Fisher, Biden imbroglio, they're Organizations: Business, Supreme, California, Florida Atlantic University, University of California, CBS, Viacom, Barclays, gerontology, University of Kansas, Wharton, Chevron, Caterpillar, Berkshire Hathaway, News Corp Locations: America, Irvine, Southern California, United, Berkshire

☆ 19-year-old friends run a six-figure business cleaning barbecues. How they started with $400 and scaled to 20 employees.
▼ + stars: | 2024-08-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Buying a car, notching his first five-figure month, and partnering with a friend to bring the business onlineAfter a year of school, Shaidle restarted his cleaning business in June 2022. AdvertisementAran Giffen joined the Shaidle Cleaning team in 2023. He and Giffen spent their second year at university planning for what they expected to be a busy 2024 season for Shaidle Cleaning. Shaidle Cleaning is completely student-operated. Giffen, who's on a full university scholarship for accounting, isn't technically under contract as a Shaidle Cleaning employee.

Persons: Jacob Shaidle, Shaidle, —, that's, Aran Giffen, He'd, didn't, Jake, Giffen, they've, you've, who's, I'd Organizations: Service, Business, Home, University of British, UBC, Hamilton Spectator, Shaidle Locations: Hamilton, Canadian, Ontario, University of British Columbia, Canada

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