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AdvertisementHuawei is set to launch its new line of Mate 70 phones on Tuesday. It marks a new era of self-sufficiency at a moment of tech division between the US and China. On Tuesday, the Shenzhen-based tech giant is set to unveil a slate of new smartphones — the Mate 70 series — that will be the most free they have ever been of Western software and hardware. The Huawei Mate 60. Depending on the success of the Mate 70 phones, that gap could widen in the months ahead.
Persons: Donald Trump, Joe Biden's, Trump, , Wang Gang, Beijing's mandarins, Tim Cook, Steve Jobs Organizations: Huawei, Wall Street, Kirin, Bloomberg, Apple Locations: China, Shenzhen, Washington
Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand. "We have also the opportunity to have bigger stores in the U.S.," he noted, adding Mango will open some multiline stores that feature men's and kids' items. Mango's sales grew more than 10% in the U.S. this year and the company expects to see double-digit growth again next year. The goal is part of a larger strategic plan at Mango focused on growing sales from about 3.1 billion euros annually to 4 billion euros by 2026. We also have 500 people taking care of the product from end to end," said Ruiz.
Persons: Toni Ruiz, Ruiz, Spain's Zara, Japan's Organizations: Sun, CNBC, D.C Locations: U.S, Barcelona, Los Angeles, Mango's, Spain, Pennsylvania, Washington, Massachusetts, Europe
CNN —Even before special counsel Jack Smith formally asked that his criminal cases against Donald Trump be dismissed, it was already guaranteed the president-elect would never see a jury. “I would fire him within two seconds.”In the end, though, Trump didn’t need to sack the special counsel to kill the two cases. Attorney General Merrick Garland is expected to publicly release it, as he has with past special counsel reports. What to do next in the case will be a question for the incoming Trump Justice Department. But a new chapter has already opened for several members of the Trump legal team who have already been rewarded with plum positions in his incoming administration.
Persons: Jack Smith, Donald Trump, Smith, Trump, Justice Department’s, pardoning, , , ” Trump, Hugh Hewitt, Jack Smith ”, Smith’s, Donald Trump's Mar, Pam Bondi, ” Bondi, General Merrick Garland, John Roberts, Sonia Sotomayor, , Judge Cannon, Aileen Cannon, Cannon, Walt Nauta, Carlos De Oliveira, ” Smith, Monday’s, Todd Blanche, John Sauer, Emile Bove, Blanche, CNN’s Paula Reid Organizations: CNN, Trump, Justice, Department of Justice, Supreme, Trump’s, Trump Justice Department, DOJ Locations: Lago, DC, Florida, , Smith’s, Washington ,
In one instance he requested as much as $100,000 per month in exchange for his services, according to sources familiar with the matter. As of Monday afternoon, it does not appear the transition team will heed that recommendation. “I am honored to work for President Trump and with his team,” Epshteyn said in a statement to CNN. Trump’s legal team was investigating several other similar alleged incidents, according to sources familiar with the situation. “Boris is a Trump original—loyal and effective from the very beginning,” a Trump transition official told CNN.
Persons: Donald Trump, Boris Epshteyn, Trump, Epshteyn, , ” Epshteyn, , elect’s, Boris, ” Trump, Steven Cheung, Scott Bessent, Bessent, Jonathan Drake, Susie Wiles, you’re, , “ He’s, “ Boris, President Trump, Matt Gaetz, Donald Trump's, Nathan Howard, Matt Gaetz’s, Gaetz, Elon Musk, Brandon Bell Organizations: CNN, Trump, Trump Make, Mar, Reuters, White, Gaetz, Department of Justice, Florida Rep, SpaceX, Georgetown Advisory Locations: Lago, Palm Beach , Florida, Epshteyn, Asheville , North Carolina, Washington, Washington ,, Florida, Brownsville , Texas, Georgetown, New York, Georgia, Arizona
The money, known as a Guaranteed Basic Income, is generally awarded for a year or two in monthly payments of $500 to $1,000. To see how the programs are working, we interviewed dozens of participants from a wide range of backgrounds and circumstances. What we found is that a guaranteed income — even a small one — can have a profound impact on people’s lives. To be sure, the guaranteed income isn’t enough to guarantee a better life. “The income makes the pain a little bit more tolerable, but it doesn’t take it completely away.
Persons: Jessica Nairns, , , didn’t, Raven Smith Locations: Austin, Portland
London CNN —Thyssenkrupp Steel has announced plans to eliminate 11,000 jobs by the end of this decade — about 40% of its workforce — becoming the latest German industrial giant to opt for drastic action to prop up its fortunes. “Increasingly, (global) overcapacity and the resulting rise in cheap imports, particularly from Asia, are placing a considerable strain on competitiveness,” Thyssenkrupp Steel said in a statement. Thyssenkrupp, Germany’s largest steel producer, joins the country’s biggest manufacturer Volkswagen in setting out a major overhaul to cut costs and bolster competitiveness. The German automaker also plans to close at least three factories in its home country and lay off tens of thousands of staff. “Locational weaknesses” include high energy costs, onerous red tape, and outdated physical and digital infrastructure.
Persons: Steel, carmaker Ford Organizations: London CNN, Thyssenkrupp, European, European Commission, Volkswagen, Federation of German Industries, Boston Consulting Group, German Economic Institute Locations: Asia, Ukraine, German, Europe, Germany, United Kingdom, Thyssenkrupp
ThyssenKrupp, the largest steel maker in Germany, said Monday that it would eliminate up to 11,000 jobs by 2030, a decision that comes as the country struggled to overcome economic weakness that has hindered growth for nearly two years. The overhaul is aimed at returning ThyssenKrupp to profitability in the face of pressure from Asian competitors and high energy prices. ThyssenKrupp was among those hurt by the tariffs Mr. Trump imposed on steel and aluminum during his first term in office. Another 6,000 jobs will be cut through the sale of business activities or turning to external providers, the company said without elaborating. “Urgent measures are required to improve ThyssenKrupp Steel’s own productivity and operating efficiency and to achieve a competitive cost level,” the company said in a statement.
Persons: Donald J, Trump, ThyssenKrupp Locations: Germany, United States
As Republicans on Capitol Hill lay the groundwork for extending the 2017 tax cuts, cracks are already emerging on one of the biggest questions: how to handle the cost. Extending the tax provisions is estimated to increase the deficit by $5 trillion, according to the nonpartisan Congressional Budget Office. Yet many lawmakers are quick to dismiss or explain away the number, arguing the tax cuts will ultimately help the economy and, subsequently, revenue for the government. Some top tax leaders, including Sen. Mike Crapo, R-Idaho, the incoming chair of the Senate Finance Committee, have downplayed the $5 trillion estimate, which assumes that the 2017 tax provisions set to expire at the end of 2025 have already done so. Yet a group of deficit hawks are worried about the ballooning deficit, and think any tax package needs to be fully offset.
Persons: Steve Scalise, doesn't, Sen, Mike Crapo, Crapo, we're Organizations: Capitol, CNBC, Senate Finance Committee, Fox Business Locations: Idaho
WASHINGTON — When Matt Gaetz abruptly withdrew as President-elect Donald Trump’s candidate for attorney general on Thursday, many career attorneys in the Justice Department breathed a sigh of relief. 2 position at the department — Todd Blanche, the president-elect’s defense lawyer — can help protect the department’s career civil servants from Trump’s wrath. Greg Nash / Pool via Getty ImagesHow Trump’s first deputy attorney general faredWhen Trump first took office in 2017, he didn’t know his deputy attorney general well, and their relationship immediately became vital and volatile. But that immunity does not extend to the attorney general, deputy attorney general or other DOJ prosecutors. “If I were he, I would have stayed as far away from the Justice Department as I could.
Persons: WASHINGTON, Matt Gaetz, Donald Trump’s, Trump, Pam Bondi, , Donald Trump, Todd Blanche, , Blanche, , Gaetz, ” Donald Trump, Emil Bove, Mark Peterson, Trump Blanche, Daniels, Attorney Alvin Bragg, Taft, Karoline Leavitt, Vance, Blanche won’t, Blanche —, he’s, ” Mimi Rocah, she’d, ” Rocah, Michael Bromwich, we’ve, ” Bromwich, Rod Rosenstein, Greg Nash, Trump’s, didn’t, Robert Mueller, James Comey, Jeff Sessions, Sessions, Rosenstein, Mueller, ” Rosenstein, ” “, ’ ” Rosenstein, ” Blanche Organizations: Justice Department, , Department, of, Trump, Manhattan Criminal, Manhattan, Attorney, NBC News, White House, DOJ, Justice, MSNBC, Department of Justice, Russia, White, Locations: Florida, Southern, York, New York City, Cadwalader, Wickersham, Washington, Westchester County , New York, New York, , U.S, Moscow, Bromwich
Six mornings a week, a call for quiet stills a day center for homeless people in Northern Virginia, and those so inclined gather to thank God, read scripture and ponder its message for their tribulations. They come from shelters and tents under bridges. They seek meals, showers, clothes, jobs and connections to health care and housing — all of which the Lamb Center provides with no religious message or test. Some also come to talk about God. The center’s Bible study group recently pondered the kingdom of heaven: why does Jesus compare it to hidden treasure so precious that the man who finds it would sell everything to buy the surrounding field?
Organizations: Lamb Locations: Northern Virginia
Why it might be easier to change jobs next year
  + stars: | 2024-11-24 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +6 min
Come 2025, you might find it's a tad easier to change jobs. If the job market doesn't strengthen as hoped, Zhao said some workers' frustrations over their 9-to-5 could rise. AdvertisementYet "if the job market heats up, then we'll likely see a wave of turnover as workers vote with their feet," Zhao said. Verizon has some 105,000 employees and typically fills about 20,000 jobs a year through a mix of internal and external candidates. "I don't think that it's going to be any easier to get the best of the best to work here," Schelling said.
Persons: Lisa Simon, Simon, Sean Barry, Barry, Daniel Zhao, Zhao, Michelle Volberg, she's, Volberg, Christina Schelling, Schelling, Tanya Moore, West, Moore Organizations: Labor, Revelio Labs, Allstate, Workers, Verizon, West Monroe Locations: West Monroe
Only a small share of employees work fully remotely. During the pandemic, many departments allowed more staffers to telecommute — though about half of federal employees continued to work fully in person. Looking at all federal employees, nearly 80% of the hours they work are in person, the OMB report found. “I don’t think you can just eliminate a quarter or half of federal employees on an ad hoc basis without paralyzing the government,” he said. It could also prompt talented federal employees to seek jobs in the private sector.
Persons: CNN — Elon Musk, Vivek Ramaswamy, Ramaswamy, Donald Trump, , telecommute, Fareed Zakaria, Everett Kelley, Brian Riedl, , ” Riedl Organizations: CNN, Management, Department of Government Efficiency, OMB, Federal, Department of Agriculture, Homeland Security, Treasury, General Services Administration, Education, Housing, Urban, Treasury Department, American Federation of Government Employees, District of Columbia, Department of Veterans Affairs, Border Patrol, Transportation Security Administration, Congressional, Manhattan Institute Locations: State, Interior
Do Coding Boot Camps Make Sense in an A.I. World?
  + stars: | 2024-11-24 | by ( Sarah Kessler | ) www.nytimes.com   time to read: 1 min
“I’ve always been doing jobs that require physical labor,” he remembers thinking. “What if I start using my brain for once?”An Army veteran, Mr. Rendon explored training programs he could fund using his military benefits. He landed on a coding boot camp. At first, the intensive courses seemed intimidating. Mr. Rendon had gotten his high school equivalency diploma before joining the Army, and he had taken some college courses, but he didn’t consider himself book smart.
Persons: Florencio Rendon, I’ve, , Rendon, didn’t Organizations: Army
AdvertisementTSMC's Phoenix chip factories likely won't eliminate US dependence on tech from Taiwan. Experts told BI that TSMC's most advanced chips will likely continue to be produced in Taiwan. TSMC produces an estimated 90% of the world's advanced chips, which power everything from iPhones to cars. While TSMC's Phoenix factories are expected to boost semiconductor chip production in the US, the company isn't making its most advanced chips stateside, industry experts told Business Insider. For example, chips produced using 4 nanometer (nm) technology are expected to be made in the first Phoenix factory, while TSMC's Taiwan factories are already producing chips using 3nm technology.
Persons: Biden, TSMC, Jeff Koch, SemiAnalysis, — Koch, Stephen Ezell, it'll, Chris Miller, Miller, Koch, Trump, William Alan Reinsch Organizations: Commerce Department, Information Technology, Innovation Foundation, of Commerce, Arizona, Nvidia, Apple, Qualcomm, AMD, American Enterprise Institute, Center for Strategic, International Studies, Biden Locations: Taiwan, Arizona, Phoenix, TSMC's, United States, China
In a sense, AI can give each of us a job promotion, not be a job replacement. : With Gen AI, scientists can slash the time required for drug discovery, accelerate therapy development, and find vaccines that are cheaper and more accessible. Media : By automating the difficult art and production aspects of games and entertainment, Gen AI frees designers to create and ideate more. : By automating the difficult art and production aspects of games and entertainment, Gen AI frees designers to create and ideate more. Financial Services: Gen AI can strengthen fraud detection and compliance while increasing the efficiency of loan officers making lending decisions.
Persons: Sivasubramaniani, , Marie Kondo, Thoughtfully, strategize —, Swami Sivasubramanian, Jane Zhang Organizations: Amazon Web Services, Design, Engineers, Financial Services
Insider Today: White-collar recession
  + stars: | 2024-11-24 | by ( Matt Turner | ) www.businessinsider.com   time to read: +4 min
AdvertisementThis post originally appeared in the Insider Today newsletter. TikTok videos espoused the benefits of #publicsector jobs, and Google searches for "how to get a government job" hit a five-year high. Several careers consultants told Business Insider they were already experiencing a rush of demand from workers ready to shift to the private sector. But ask any white-collar professional, and they'll tell you a horror story that would prove otherwise. Hiring has held up well for low-earning workers, but those making six figures or more are in the midst of a white-collar recession.
Persons: Chelsea Jia Feng, Elon Musk, Musk, Vivek Ramaswamy, Laura Labovich, Peacock, BI's Peter Kafka, iStock, Rebecca Zisser, Jenny Chang, Rodriguez, Amazon, Natalie Ammari, Teiffyon Parry Organizations: Business, Porsche, Department, Government Efficiency, Comcast, Getty, BI Comcast, CNBC, MSNBC, NBC, Bravo, LinkedIn, Alexa, Uber, Ticketmaster, Google Locations: USA
"I see a lot of optimism going into the holiday season," said Charlie Wise, TransUnion's senior vice president and head of global research and consulting. More from Personal Finance:Thanksgiving meals are expected to be cheaper in 2024How Trump's win could change your health careRemote work is helping Americans take longer trips"It's clear that millennials will play the largest role this holiday shopping season with the greatest expected spend," Wise said. Holiday spending between Nov. 1 and Dec. 31 is forecast to increase to a record total of $979.5 billion to $989 billion, according to the National Retail Federation. Even as credit card debt tops $1.17 trillion, holiday shoppers expect to spend, on average, $1,778, up 8% compared with last year, Deloitte's holiday retail survey found. Meanwhile, 28% of holiday shoppers surveyed in September said they still had not paid off the gifts they purchased for their loved ones last year, according to a holiday spending report by NerdWallet, which polled more than 1,700 adults.
Persons: TransUnion, Charlie Wise, TransUnion's, Wise Organizations: Finance, National Retail Federation, NerdWallet
The agreement was criticized by developing nations, who called it insufficient, but United Nations climate chief Simon Steill hailed it as an insurance policy for humanity. It also laid bare divisions between wealthy governments constrained by tight domestic budgets and developing nations reeling from costs of storms, floods and droughts. Delegates applaud during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan on Nov. 24, 2024. Donald Trump’s victory this month has raised doubts among some negotiators that the world’s largest economy would pay into any climate finance goal agreed in Baku. The showdown over financing for developing countries comes in a year that scientists say is destined to be the hottest on record.
Persons: Simon Steill, we’ve, ” Steill, Murad Sezer, Donald Trump’s Organizations: Nations, COP29 United, Change, Republican Locations: BAKU, Baku, Azerbaijan, Paris, U.S, Canada, China, Baku . Trump, Ukraine, Africa, Asia, South America, Valencia, Spain
U.S. President-elect Donald Trump said on Friday he has chosen congresswoman Lori Chavez-DeRemer of Oregon to serve as his labor secretary. Trump said Chavez-DeRemer has worked “tirelessly” with business and labor to build the U.S. workforce and support Americans. “I look forward to working with her to create tremendous opportunity for American Workers, to expand training and apprenticeships, to grow wages and improve working conditions, to bring back our Manufacturing jobs,” Trump said in a statement. Rep. Lori Chavez-DeRemer, R-Ore. Bill Clark / CQ-Roll Call, Inc via Getty Images fileChavez-DeRemer, who was elected to Congress in 2022, lost her seat to Democrat Janelle Bynum earlier this month.
Persons: Donald Trump, Lori Chavez, Trump, Chavez, DeRemer, , ” Trump, Bill Clark, Janelle Bynum Organizations: American Workers, Inc, Getty Locations: Oregon
AdvertisementPresident-elect Donald Trump has started making picks for key cabinet positions and other White House jobs. He started by naming Susie Wiles his chief of staff, making her the first woman to hold the role. Here's a running list of those Trump has tapped for his administration. Now that President-elect Donald Trump has secured another four years in the White House, he's beginning to staff his administration. AdvertisementHere's a running list of Trump's staff picks, who will determine everything from his daily schedule to the ins and outs of finance, defense, and education.
Persons: Donald Trump, Susie Wiles, Here's, Trump, Trump's, Matt Gaetz Organizations: White Locations: Florida
AdvertisementTrump's new Department of Government Efficiency aims to reduce the number of federal workers. Business Insider looked at the highest average salaries of federal civilian employees by occupation. The top 20 had average salaries over $160,000, with medical officers ranking No. Three of the five jobs with the highest average salaries were health-related. Financial analysis workers rounded out the top 20 highest-paying jobs on average; their largest employer, with about 300 analysts, was the Federal Deposit Insurance Corporation.
Persons: Donald Trump's, Elon Musk, Vivek Ramaswamy, Ramaswamy, Trump, Karoline Leavitt, Vance Organizations: of, Efficiency, Business, Trump's Department, Government, Tesla, GOP, Street Journal, Management, Department of Veterans Affairs, Federal Deposit Insurance Corporation, Department of Education, Department of Energy, Trump, mhoff
A Los Angeles assistant principal was arrested on Friday and charged with molesting eight children between 2015 and 2019, while he was working as an elementary school counselor in Ventura County. The defendant, David Lane Braff Jr., 42, of Thousand Oaks, Calif., is accused of molesting children aged 6 to 10 in an office at McKevett Elementary School in the Santa Paula Unified School District, roughly 70 miles west of Los Angeles. The charges emerged out of a cold case sexual abuse unit, Ventura County District Attorney Erik Nasarenko said. He noted that officials at McKevett Elementary had reached out to authorities at the time of the alleged incidents. Nevertheless, Mr. Braff has held several jobs in public education since and has also volunteered in a number of programs for children.
Persons: David Lane Braff Jr, Erik Nasarenko, Braff Organizations: Los, McKevett Elementary School, Santa Paula Unified School District, McKevett Locations: Los Angeles, Ventura County, Oaks, Calif
In 2022, 69.3% of Americans reported some alcohol consumption in the previous year, a slight increase from 69% in 2020 and 66.34% in 2018. Though the researchers couldn’t answer exactly why alcohol consumption was so high among the US adults surveyed, Lee has a few hypotheses. The height of the pandemic also saw an average of about 488 deaths per day due to excessive alcohol consumption; there was an increase of more than 29% from 2016-17 to 2020-21. “We’ve shown in studies that liver transplants for alcohol have increased fivefold in the last 20 years. We’ve also shown that alcohol deaths due to liver disease are surging,” he said.
Persons: Brian Lee, ” Lee, hasn’t, Lee, , Jagpreet Chhatwal, , ” Chhatwal, Dr, Sanjay Gupta, “ We’ve, We’ve, Chhatwal Organizations: CNN, University of Southern California’s Keck School of Medicine, Internal, National Health, US Census Bureau, , Institute for Technology, Massachusetts General Hospital, National Institute, Alcohol, US Centers for Disease Control, CNN Health Locations: Massachusetts
AdvertisementDr. Casey Means and her brother Calley are helping shape RFK Jr's new approach to America's health. In a best-selling book "Good Energy," she makes a case that modern diseases are rooted in metabolic health. Robert F. Kennedy Jr. is a fan of Casey Means' work and views in the wellness space. Her mantra is that a healthy metabolism can reverse many health conditionsMeans' book promotes the pursuit of Good Energy, which she defined as great metabolic health. AdvertisementShe espouses popular advice around diet, exercise, and sleepThroughout the book, Means promotes widely agreed-upon health advice.
Persons: Casey Means, Calley, Dr, Marc Andreessen, Means, John McCain's, Donald Trump, Robert F, Kennedy Jr, Kennedy, MAHA —, Rebecca Noble, Tucker Carlson, Joe Rogan's, I've, Brad Stulberg, Christy Harrison, they've, Calley Means, Matt Harbicht, Andrew Huberman, Peter Attia, Harrison, Meredith Schneider Organizations: RFK, Stanford, Department of Health, Human Services, Wall Street Journal, Good Energy, University of Michigan, pharma, Tandem Diabetes Locations: Spain
I found that I was clashing with the culture of Silicon Valley. I attributed that attitude to the Silicon Valley atmosphere. In Silicon Valley, you have a lot of Google people, a lot of Meta people, and, at the time I was there, a lot of Tesla people. An aerial view of Silicon Valley. The sustainability hub is in Silicon Valley, and moving to the other side of the country felt like I was separating myself from that.
Persons: Adam Fletcher, Fletcher, NerdWallet, unravels ChatGPT, I've, They're, we're, It's, There's, Philadelphia Jon Lovette, Philly Organizations: San, Philadelphia, Stanford, Applied Materials, East, Carbon, Carbon Reform, Eagles, Phillies, University of Pennsylvania, Drexel University Locations: San Francisco, East, San Francisco , California, Philadelphia , Pennsylvania, Philly, Philadelphia, Bay, Santa Clara, California, Silicon Valley, Silicon, East Coast, Rittenhouse, New York, DC
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