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☆ Why moves by Amazon and comments by Jamie Dimon don’t threaten an end to remote work benefits
▼ + stars: | 2024-09-25 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

But for two key reasons, these kinds of public proclamations don’t signal a broader demise of remote work benefits. Flex work options are too popular to ditchWhile an individual company may decide to backtrack on its remote work policies, the numbers suggest that’s not happening widely. Workplace consulting firm Gallup found in May that among full-time employees in remote-capable jobs, 53% work a hybrid schedule, 27% work exclusively remotely and 21% work on site. As of August 31, job postings on Indeed.com that specify hybrid and remote work have dipped a half percentage point year over year. It also found that HR leaders say hybrid work models help attract and retain talent.

Persons: Jamie Dimon, Andy Jassy’s, Jassy, ”, ’ ”, Chris Williams, “, ” Williams, Gallup, Nick Bunker, it’s, Williams Organizations: CNN, JPMorgan Chase, Microsoft, Board Locations: “, Seattle

☆ Amazon's RTO mandate won't pay off in the way the company hopes
▼ + stars: | 2024-09-17 | by ( Madeline Berg | Tim Paradis | ) www.businessinsider.com time to read: +8 min

Read previewSorry, Amazon employees. CEO Andy Jassy announced on Monday that starting next year, Amazon employees must be in the office five days a week. Amazon's announcement comes after 15 months of hybrid work — employees had to be in three times a week. Some employers like Amazon are looking to take back powerIn the pandemic era, the labor market favored office workers. Oftentimes, introverted employees work better outside the office, and some people find that the pressure of in-person work can stifle productivity and deep thinking, Duffy said.

Persons: —, Andy Jassy, Goldman Sachs, Caitlin Duffy, Duffy, Julia Hobsbawm, Hobsbawm, Amazon's Jassy, Jassy, Nicholas Bloom, who's, Bloom, what's, Deborah McGee, McGee, Gen Z, they're Organizations: Service, Business, Slack, Employees, JPMorgan, Gartner, Stanford, Research, Data Technologies, PZI Locations: America

☆ Trump tax cuts expire after 2025. Here's how the presidential election could affect your taxes
▼ + stars: | 2024-09-09 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +1 min

With the presidential election approaching, experts are sounding alarms about the upcoming expiration of the 2017 Tax Cuts and Jobs Act, or TCJA. Without action from Congress, trillions in tax breaks enacted by former President Donald Trump via the TCJA will expire after 2025. "If the 2017 tax cuts are allowed to expire after 2025, about 62% of taxpayers would see their tax bills go up," said Erica York, senior economist and research director at the Tax Foundation. "That's because the TCJA provided tax cuts for the vast majority of taxpayers." Both Trump, the Republican presidential candidate, and Vice President Kamala Harris, the Democratic candidate, have called for tax changes that could affect millions of Americans.

Persons: Donald Trump, Erica York, Kamala Harris, Stephen Moore, Trump, Harris Organizations: Tax, AP, Trump, Republican, Democratic, CNBC, White

☆ Syphilis is at its highest levels since the 1950s. Here's how experts are trying to fix that.
▼ + stars: | 2024-09-08 | by ( Simar Bajaj | Simar Bajaj Is A Marshall Scholar | Award-Winning Journalist Covering Stigmatized Diseases | ) www.nbcnews.com time to read: +14 min

Soon after, the mother’s syphilis test — given to all women before delivery — came back positive. In 2022, the Centers for Disease Control and Prevention reported more than 200,000 syphilis cases — the highest counts since 1950. Spreading the word about syphilisSome public health departments have launched eye-popping awareness campaigns, trying to raise the alarm among both the public and health care providers. Make syphilis testing convenientBeyond greater awareness, access to testing and treatment needs to be quick, easy and convenient, Chokshi said. But permanently bending the syphilis curve will require scaling these efforts nationally and promoting greater coordination between health care and public health.

Persons: Irene Stafford, Stafford, —, It’s, could’ve, they’re, ”, Kenneth Mayer, Mayer, Dave Chokshi, Donna Fox, Fox, ” Fox, “ We’re, “, Lucas, they’ve, we’re, ” Stafford, Chokshi, Jessica Leston, Jessica Leston “ We’re, ” Leston, Trojan Carvajal, Jai Winchell, Winchell, Arlene Seña, it’s, ” Seña, don’t, Seña, that’s, ” Chokshi Organizations: University of Texas Health Sciences Center, Centers for Disease Control, CDC, Fenway Institute, Common Health Coalition, Health, Lucas County Health Department, Alaska Natives, Johns Hopkins School of Medicine, STI, Mobile Care Clinic, Shasta, University of North, Hospital, University of Chicago, U.S, Fenway Health Locations: Houston, U.S, Boston, New York, Toledo, Lucas County, Ohio, Texas, Alaska, Cass, Minnesota, California, Shasta County, Oregon, Shasta, University of North Carolina, Grady, Atlanta, America

☆ Friday’s jobs report will likely determine the size of the Fed’s rate cut
▼ + stars: | 2024-09-05 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —The US economy appears to be on a knife’s edge, and Friday’s jobs report will be the deciding factor as to the next direction. Economists are expecting that the August report should reaffirm that the labor market is merely cooling versus outright weakening. Inflation had cooled, and the labor market was rolling right along and doing its part to keep consumers spending and the economy churning. Friday’s jobs report should provide further reassurance that the labor market is merely softening and not collapsing, economists predict. “It would be a mistake to define the labor market as being excessively weak at this stage.”Instead, the signals indicate that the labor market has moved from being extremely strong and into better balance, she said.

Persons: ” Tuan Nguyen, —, ” Karin Kimbrough, “, ” Oliver Allen, ” Allen, ”, Andrew Challenger, Nick Bunker, Pantheon’s Allen, Beryl “, Mike Skordeles Organizations: CNN, RSM, Federal, LinkedIn, Labor, Department of Labor, “ Companies, Pantheon Macroeconomics, BLS, Employers, ADP, Challenger, Technology, “, North America, Bank of America Locations: US, Michigan, Texas

Following the tour, Harris will headline a solo rally in Savannah, Georgia. The southern Georgia bus tour is expected to echo the campaign’s bus tour of western Pennsylvania earlier this month, which included stops at a local campaign field office, firehouse and high school football practice. We have hosted more than 500 events in the region since May 31,” Harris-Walz Georgia campaign spokesperson Adelaide Bullock said. “Black voters are the key to winning Georgia. “The Vice President’s advantages with young voters, Black voters, and Latino voters will be important to our multiple pathways to 270 electoral votes,” Dillon wrote in a recent memo.

Persons: Kamala Harris, Tim Walz, Harris, Walz, Walz’s, Sen, JD Vance, Donald Trump, Debbie, ” Harris, Adelaide Bullock, Ranada Robinson, “, ”, Megan Thee, Jen O ’ Malley Dillon, ” Dillon, Trump Organizations: Minnesota Gov, Democratic, Republican, Republicans, Savannah, New, New Georgia Project, Georgia, Black, Labor, Trump Locations: Georgia, Chicago, New York , California, Florida, Savannah , Georgia, Peach, Black, Ohio, Valdosta, Atlanta, Pennsylvania, Southern Georgia, Dougherty, Albany, “, South Georgia, Walz Georgia, New Georgia, sprawled

watch nowAs the 2024 U.S. elections reach their home stretch, crypto companies are opening their wallets to try and influence the results. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a report this week from the nonprofit watchdog group Public Citizen. More than 90% of the corporate crypto cash that's been raised was brought in this election cycle. Public Citizen's report found that of the 42 primary races that attracted money from crypto-backed super PACs, the candidate picked by the crypto industry won 36. "When Fairshake and its affiliates spend money to influence races, either by attacking crypto skeptics or boosting crypto supporters, the ads don't mention crypto at all," said Claypool.

Persons: Biden, Donald Trump, Rick Claypool, Coinbase, Andreessen Horowitz, Crypto, Brian Armstrong, Fairshake, It's, Claypool, Chuck Schumer, Kamala Harris's, Joe Biden, Harris, Faryar Shirzad, Trump, CNBC hasn't Organizations: Public Citizen, Securities and Exchange Commission, Republican, Senate, Supreme, Citizens, Federal, PAC, Public, CNBC, Trump, White Locations: Nashville , Tennessee, New York, California, cryptocurrencies, San Francisco, Nashville, United States

☆ Why remote work has staying power: It's 'still kicking,' economist says
▼ + stars: | 2024-08-23 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

watch nowSuch arrangements were rare before the pandemic, economists said. While remote work opportunities have waned from their peak, they appear to have stabilized well above their pre-pandemic levels, economists said. "Remote work is not going away," Nick Bloom, an economics professor at Stanford University who studies workplace management practices, recently told CNBC. Why remote work has enduredRemote work has endured largely because it benefits both workers and employers, economists said. Remote work also opens up the pool of potential candidates during hiring, Bunker said.

Persons: Taiyou, Nick Bunker, Nick Bloom, Bunker, Bloom Organizations: Digitalvision, North America, Stanford University, CNBC, Finance, Workers, Research Locations: U.S

☆ Streaming is getting more expensive for consumers. Here's why
▼ + stars: | 2024-08-16 | by ( Justine Fisher | ) www.cnbc.com time to read: +7 min

Now, looking for a return on their content investments, Disney , Warner Bros. Disney said last week that its combined streaming services — Disney+, Hulu and ESPN+ — were profitable for the first time during its fiscal third quarter. Ahead of earnings, Disney announced it's raising streaming prices by $1 to $2 a month for Hulu, Disney+ and ESPN+. Similar to Disney, Paramount Global said last week in its quarterly earnings conference call that its streaming business, centered on flagship service Paramount+, reached profitability. Discovery said during its second-quarter earnings conference call that streaming ad revenue doubled year over year.

Persons: Jaque Silva, Mike Proulx, Disney, Bob Iger, Iger, Discovery's Max, Comcast's Peacock, Gunnar Wiedenfels, Forrester's Proulx, Proulx, Discovery's Wiedenfels, Discovery, Tim Nollen, Ted Sarandos, Sarandos Organizations: Netflix, Disney, Warner Bros . Discovery, Forrester, Hulu, ESPN, Warner Bros, Paramount, Paramount Global, Discovery, Max, Hub Entertainment Research, Getty, Media, Macquarie, Westend61 Locations: Paramount's, Peacock

☆ Inflation cooled in July, adding to the case for interest rate cuts at the next Fed meeting
▼ + stars: | 2024-08-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

It's the first time the inflation rate has been below 3% since March 2021, and it adds to the case that the Federal Reserve could cut rates at its next meeting. Over the month, the consumer price index rose 0.2% in July. The Fed is watching for inflation to cool before committing to rate cuts. Many economists think it's well past time for the Fed to cut interest rates and have expressed worries about the rapidly cooling labor market. AdvertisementThe labor market is cooling off, and it might be harder to get a job than a few years ago.

Persons: —, Jerome Powell, Nick Bunker, Claudia Sahm, Powell Organizations: Service, Federal, Business, Core CPI, of Labor Statistics, Fed, North America, Bureau of Labor Statistics, New Century Advisors, Federal Reserve

☆ Both Trump and Harris want to eliminate taxes on tips. This is how it could affect workers
▼ + stars: | 2024-08-12 | by ( Tami Luhby | Matt Egan | ) edition.cnn.com time to read: +6 min

But the move likely wouldn’t help many tipped workers, largely because a sizable share don’t earn enough to pay federal income taxes, experts say. Harris would couple her plan to eliminate taxes on tips with a push for Congress to raise the minimum wage, a Harris campaign official said. Many states and municipalities have higher minimum wages and minimum tipped wages, while some states have eliminated lower minimum wages for tipped workers. Just excluding tips from federal income taxes could reduce revenues by at least $107 billion over 10 years, according to the Tax Foundation. Just getting rid of federal income taxes on tips would lead to a loss of about half that size.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Republican Sen, Ted Cruz of, Democratic Sens, Jacky Rosen, Catherine Cortez Masto, it’s, ” Ernie Tedeschi, Biden, ”, Erica York, ” York, Tedeschi, Ted Pappageorge, “, Pappageorge, Bethany Khan, CNN’s Aaron Pellish Organizations: CNN, Republican, Social Security, Democratic, Yale University, Budget, White House Council, Economic Advisers, Tax Foundation, Culinary Workers Union Local, Culinary Union Locations: Las Vegas, Ted Cruz of Texas, Nevada, York

☆ Erythritol: Sweetener in stevia linked to blood clots, study says
▼ + stars: | 2024-08-08 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

Clots can break off blood vessels and travel to the heart, triggering a heart attack, or to the brain, triggering a stroke. Previous research has linked erythritol to a higher risk of stroke, heart attack and death. Artificially manufactured in massive quantities, erythritol has no lingering aftertaste, doesn’t spike blood sugar and has less of a laxative effect than some other sugar alcohols. That’s especially true for anyone at highest risk for clotting, heart attack and stroke — such as those with existing cardiac disease or diabetes. “Cardiovascular disease builds over time, and heart disease is the leading cause of death globally,” he said.

Persons: erythritol, ”, Stanley Hazen, Hazen, Bleeksma, ” Hazen, Andrew Freeman, “ I’m, Freeman, Carla Saunders, Wai Hong, Wai Hong Wilson Tang, “ Organizations: CNN, Center for Cardiovascular Diagnostics, Cleveland Clinic Lerner Research Institute, Cleveland Clinic, Jewish Health, US Food and Drug Administration, Biology Locations: Denver, United States, Wai Hong Wilson, Europe, America

☆ This labor data trend is a 'warning sign,' economist says. Here's why
▼ + stars: | 2024-08-06 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

The unemployment rate jumped in July, and there is a detail in the data that has alarmed some economists. So-called marginally attached workers, according to the Bureau of Labor Statistics, are those who are available to work and want a job, but have not searched for a job in the four weeks preceding the survey. Bustamante assessed marginally attached workers plus unemployed workers as a group, which the BLS refers to as U-6. "That's a warning sign" for the labor market, he said. It is a sign that people want a job, but are having a hard time finding a job, he said.

Persons: Alí Bustamante, Bustamante, Kamala Harris, Nick Bunker Organizations: Bureau of Labor Statistics, Worker Power, Economic Security, Roosevelt Institute, Finance, North Locations: New York City, North America

☆ Nvidia's August earnings report unlikely to have any 'major issue': Research firm
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's August earnings report unlikely to have any 'major issue': Research firmOlivier Blanchard, research director at The Futurum Group, discusses the potential impact the chip giant's results will have on the "Magnificent Seven" tech stocks, among others.

Persons: Olivier Blanchard Organizations: Research

☆ Nearly half of online pharmacies selling weight loss drugs are operating illegally, study finds
▼ + stars: | 2024-08-02 | by ( Liz Szabo | Liz Szabo Is An Independent Health | Science Journalist. Her Work Has Won Multiple National Awards. One Of Her Investigations Led To A New State Law In Virginia. | ) www.nbcnews.com time to read: +8 min

Consumers who try to buy popular weight loss drugs online without a prescription risk being scammed or receiving unsafe products, a new study shows. Shortages of the popular weight loss medication, which belongs to a class of drugs called GLP-1s, have led to “a black market of illegal knockoffs,” said Dr. Christopher McGowan, the founder, medical director and research director of True You Weight Loss, a weight loss clinic in Cary, North Carolina. Medicare doesn’t cover the drugs when prescribed for weight loss, and many state Medicaid plans heavily restrict coverage. Online scamsSome websites purporting to be online pharmacies take consumers’ money but never deliver the medications, according to the study. Consumers won’t get that sort of care if they buy drugs online without seeing a health care provider.

Persons: ”, Tim Mackey, Christopher McGowan, McGowan, semaglutide, won’t, Mackey, ” McGowan, “, Shabbir Safdar, Scott Brunner, Safdar, Brunner, Consumers won’t, it’s Organizations: Nordisk’s, University of California, Global Health, Data Institute, University of Pecs, FDA, Manufacturers can’t, Medicare, JAMA, Food and Drug Administration, semaglutide, Novo Nordisk, telltale, Partnership, Safe Medicines, Alliance, Pharmacy, Consumers Locations: San Diego, Hungary, Cary , North Carolina, U.S

In response to the El Paso mass shooting, MALDEF created a new program to expand its litigation and advocacy work to include anti-Latino hate crimes, including discriminatory policing policies. America’s Voice, an immigrant advocacy group, has been tracking what it calls the normalization of the invasion and great replacement rhetoric by congressional members. In the five years since the mass shooting in El Paso, 165 members of the current Congress have amplified the replacement theory and invasion rhetoric, said Zachary Mueller, America’s Voice senior research director, citing a report done by the group. Also, in this year’s first seven months, congressional members have pushed the invasion and great replacement theory more than 650 times in social media accounts and filed 11 pieces of legislation using the “invasion” rhetoric. "Use of invasion rhetoric needs to be seen as a national problem.

Persons: El, supremacists, Paul Jamrowski, Jordan Anchondo, Andre Anchondo, he’ll, Jarowski, Donald Trump, Trump, Adolf Hitler, Thomas Saenz, ” Saenz, ”, they’re, MALDEF, Zachary Mueller, Mueller, “, ” Mueller, Joe Biden's, Saenz Organizations: Walmart, Human, Border Network, Human Rights, Jewish Council, Public Affairs, America's, Republican National Convention, Republican Party, Mexican American Legal Defense, Educational Fund, National Association of Black Journalists, NBC, El, America’s, Republicans Locations: El Paso , Texas, Texas, El Paso, U.S, Buffalo , New York

☆ The labor market's soft landing 'is in danger,' economist says. Here's where jobs are still growing
▼ + stars: | 2024-08-02 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Tom Merton | Ojo Images | Getty ImagesJob seekers have been sour on the job market for a while now — and with good reason. "The soft landing in the U.S. labor market is in danger," Nick Bunker, Economic Research Director for North America for Indeed Hiring Lab, wrote in a statement on Friday. "Yellow flags had started to pop up in the labor market data over the past few months, but now the flags are turning red," Bunker said. Meanwhile, the unemployment rate increased to 4.3%, the highest since October 2021. To pivot, assess 'transferrable skills'Because the labor market is weakening, it might be hard for workers to find opportunities in their preferred industries, Bustamante noted.

Persons: Tom Merton, Nick Bunker, Bunker, Nonfarm payrolls, Alí Bustamante, Julia Pollak, Pollak, NEETS, Bustamante Organizations: Economic, North, Bureau of Labor Statistics, Worker Power, Economic Security, Roosevelt Institute, ZipRecruiter, Health, Finance Locations: U.S, North America, New York City

Read previewThe July jobs report has thrown the economy's soft landing into question — and the Federal Reserve is taking the heat. AdvertisementGiven the jobs report, Nick Bunker, economic research director for North America at the Indeed Hiring Lab, told Business Insider that "the soft landing for the US labor market is in peril." Advertisement"The problem is there's very few indications that this is the labor market we're going to stick around in," Bunker said. "It's clear that momentum of the labor market continues to be downward. "But I continue to stand by the idea that this is still part of the soft landing that people thought was not possible."

Persons: —, it's, Nick Bunker, Claudia Sahm, Sahm, Jerome Powell, Julia Pollak, It's, We're, Bunker, Powell, Harris, doesn't, Labor Julie Su, Su, they've Organizations: Service, Federal Reserve, Bureau of Labor Statistics, Business, North America, New Century Advisors, Fed, Biden, Labor

☆ Mark Zuckerberg has brilliantly cornered us
▼ + stars: | 2024-08-01 | by ( Lloyd Lee | Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewMark Zuckerberg looks poised to dominate the AI adoption race thanks to a technicality: Meta has three billion-plus captive users who have no choice but to use it. As the company reported second-quarter earnings on Wednesday, Zuckerberg gloated about Meta AI — its AI assistant rolled out earlier this year — being "on track to achieve our goal of becoming the most used AI assistant by the end of the year." Related storiesIn effect, then, that gives Zuckerberg a lot of engaged users to introduce AI-powered technology to. Meta's family of apps now has 3.27 billion daily active users. Zuckerberg also seems intent on showing users that AI can inherently make their experience of his apps vastly better.

Persons: —, Zuckerberg, It's, Mike Proulx, Forrester, WhatsApp, Susan Li Organizations: Service, Harvard, Business, Meta, Facebook, Apple, Apple Intelligence, OpenAI

☆ Rotation to small caps means we are likely going to see a slowdown, says Branch Global's Greg Branch
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRotation to small caps means we are likely going to see a slowdown, says Branch Global's Greg BranchGreg Branch, Branch Global Capital Advisors founder and Drew Pettit, Citi Research director, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Greg, Greg Branch, Drew Pettit Organizations: Branch Global Capital Advisors, Citi Research

☆ Most people don't know how much their Social Security retirement benefits may be. Here's how to tell
▼ + stars: | 2024-07-25 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Klaus Vedfelt | Getty ImagesFor most retirees, Social Security benefits is a major source of income. In 2024, almost 68 million Americans will receive a per month Social Security benefit, totaling about $1.5 trillion in benefits paid during the year. How to get your Social Security benefit estimateTo help workers of all ages gauge their benefits, the Social Security Administration provides detailed statements. "The closer someone is to age 62, the more accurate it is," said Jim Blair, vice president of Premier Social Security Consulting and a former Social Security administrator. What to watch out forOne important reason to check Social Security benefit statements is to make sure there are not any errors in your earnings history.

Persons: Klaus Vedfelt, aren't, NIRS, Tyler Bond, Bond, Joe Elsasser, it's, Elsasser, Kamala Harris, Jim Blair, Blair Organizations: Social Security, National Institute on Retirement Security, Security, Social, Workers, Social Security Administration, Finance, Trump, Premier Social Security Consulting

☆ Job seekers are sour on the cooling labor market
▼ + stars: | 2024-07-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Nitat Termmee | Moment | Getty ImagesWorkers are souring on the state of the job market. Workers had reason for euphoria two to three years ago: The job market was red-hot and, by many metrics, historically strong. However, the labor market has slowed gradually. Workers are now having a harder time finding jobs and the labor market, while still solid, could be in trouble if it continues to cool, economists said. While that rate is "consistent with a strong labor market," its steady rise is the "troubling factor," Nick Bunker, economic research director for North America at the Indeed Hiring Lab, wrote in early July.

Persons: Nitat, Nick Bunker, Bunker Organizations: Getty Images Workers, Workers, U.S . Federal Reserve, North America

☆ The Greek islands are grappling with a water crisis as tourist season kicks into gear
▼ + stars: | 2024-07-23 | by ( Laura Paddison | Chris Liakos | ) edition.cnn.com time to read: +8 min

CNN —The Greek Islands, known for their idyllic towns, rugged landscapes and sun-baked beaches, are in the grip of a serious crisis. “They combine lack of water resources — shallow aquifers, rare rivers or dams — with a tremendous rise in water demand during summer,” he told CNN. Kottakis blamed the crisis on Leros on a failure to maintain the island’s two desalination units, which are both in disrepair. Tourism is “unsustainable and zero-planned,” which is leading to a tremendous rise in water demand, said Mylopoulos, the university professor. Multiple wildfires raged and at least six tourists, including British TV presenter and doctor Michael Moseley and an American tourist, died as high temperatures scorched the Greek islands.

Persons: ”, Dimitris Lianos, Lianos, what’s, Stelios Misinas, Nikitas Mylopoulos, Kostas Lagouvardos, Panagiotis, Krontiras, ” Kottakis, Timotheos Kottakis, Kottakis, Mylopoulos, Michael Moseley, Vassilis Psomas, ” Krontiras, ” CNN’s Allison Chinchar, Brandon Miller, Sara Tonks Organizations: CNN, Reuters, University of Thessaly, National Observatory of, Farmers, Greek Navy Locations: Crete, Kefalonia, Naxos, Prokopios, Greece, Cycaldes, “, National Observatory of Athens, Panagiotis Krontiras, Tinos, —, Lagouvardos, British, American, Sofiko, Corinth, Greece's Peloponnese

☆ Here's why China was largely unaffected by Friday's IT outage
▼ + stars: | 2024-07-22 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

"The main reason why is that local Chinese companies basically do not use CrowdStrike products, so they are not affected," Gao said. Chinese state media also said Friday evening that international flights at Beijing's two airports were running normally, and that Air China , China Eastern Airlines and China Southern Airlines had not been affected by large-scale technical system failures. Microsoft products are widely used in China — Windows had about 87% of personal computer shipments in the mainland last year, according to Canalys. Microsoft products Office 365 and Azure cloud are operated in China by a local company called 21Vianet . Why don't Chinese companies use CrowdStrike?

Persons: Pempel, Gao Feng, Gao, China — Organizations: REUTERS, Gartner, CNBC, Air, China Eastern Airlines, China Southern Airlines, Microsoft, Windows, Weibo Locations: REUTERS BEIJING, U.S, China, Texas, United States, Europe, Air China, Beijing

☆ Underlying trends for Amex haven't changed, says Argus Research's Stephen Biggar on Amex Q2 earnings
▼ + stars: | 2024-07-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnderlying trends for Amex haven't changed, says Argus Research's Stephen Biggar on Amex Q2 earningsStephen Biggar, Argus Research director of financial institutions research, joins 'Closing Bell' to discuss American Express' second quarter earnings report.

Persons: haven't, Argus, Stephen Biggar Organizations: Argus Research, American Express

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