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Why finding a job is so awful right now
  + stars: | 2024-09-15 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +9 min
I'm still unemployed," Jolles told Business Insider. AdvertisementIn any case, Jolles, who describes himself as an "older" tech worker, felt depleted by the job search in California. Averett believed the position wasn't a good fit for her, but she also knew from her experience in HR how tough a job search could be. As someone who works in HR, she gets what it's like to be inundated with applications from job seekers like her. Given how fruitless his job search has been, Cash plans to soon give it up.
Persons: , David Jolles, I'm, Jolles, It's, Nick Bunker, Bunker, Jason Henninger, Heller, bupkis, Jenitta Averett, Averett, she's, — Averett, it's, Kevin Cash, he'd, Cash, Uber, he's, I've, Kevin Cash Ben Boxer Cash's Organizations: Service, Business, UPS, LinkedIn, Navy Locations: Silicon Valley, It's, Atlanta, America, Georgia, California, Covid, Hampton , Virginia, Portland , Oregon
Rapid advancements in AI and military tech are reshaping global national security. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! A new cadre of tech startups is muscling its way into the entrenched defense industry, leveraging rapid advancements in AI and other military technologies to bring warfare into the future and win lucrative military contracts. But tech advancements in the last 20 years, coupled with plenty of investment money to go around, have allowed new players to emerge, threatening the grip the classic defense behemoths once had on the industry.
Persons: , Lockheed Martin, Northrop, behemoths Organizations: Service, Lockheed, Northrop Grumman, Raytheon, Boeing, Business
The week before, Broadcom had allegedly disappointed, causing Nvidia , the inevitable key to this market, to continue its descent. Which brings me back to the initial concept of the big declining week followed by the big advancing week. A good week for Kamala Harris turns out to be a big week for Nextracker — and that's really it for now. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Larry Ellison, Ellison, Cerner, Ellison's, Eaton, Jensen, Bing, Microsoft's Bing, underinvesting, Huang, Blackwell, Dupont, Kamala Harris, Nextracker, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Nasdaq, Federal, Broadcom, Nvidia, Oracle, Marvell, Meta, Microsoft, Google, mightily, Street, Fed, Dreamforce, downer, Adobe, JPMorgan, Healthcare, pharma, Jim Cramer's Charitable, CNBC Locations: Silicon Valley, San Francisco
CNN retains full editorial control over subject matter, reporting and frequency of the articles and videos within the sponsorship, in compliance with our policyCNN —If its ancient walls could talk, Sümela Monastery in eastern Turkey would have quite a few stories to tell. “The Virgin Mary is a holy person for the Muslim people also. “The sultans considered Sümela a sacred place and helped the monastery by giving the monks donations and more land,” he adds. Sümela was popular with Christian and Muslim pilgrims, and an active Greek Orthodox monastery, until the early 20th century. Many of the Greeks living in the Pontic Alps and nearby Black Sea coast chose to relocate to Greece, including the monks of Sümela Monastery.
Persons: “ We’ve, Levent Alniak, Senol Aktaş, Virgin Mary, Sümela, Jesus, Mary, St, Ignatius, Öznur, who’s, Sümela’s, Barnabas, Sophronios, Luke the, ” Alniak, Soumela Organizations: CNN, Ottomans, Turkish, Rock Church, Turkey’s Ministry of Culture and Tourism, van, Turkish Airlines, Ramada Plaza, Radisson Locations: Sümela, Turkey, Roman, Trabzon province, , Sofia, Istanbul, Ottoman, Black, Greece, Sümela Monastery, Altindere, Nea Sumela, Constantinople, Altındere, Trabzon, Coşandere
Recent comments from Nvidia CEO Jensen Huang seemed to revive investment in the turbulent AI sector this week, while leading portfolio managers to recenter attention on the winning trades. Nvidia shares rallied more than 8% on the heels of Huang's remarks, which soothed some recent market jitters over the delayed payoff from AI investments. For the week, AI and semiconductor names such as Advanced Micro Devices, Marvell Technology, Super Micro Computer and Broadcom rallied double digits. NVDA 1M mountain Nvidia shares over the past month. Longer term, he views Apple as the leading AI device play and AI personal assistant, especially as more consumers adopt its Vision Pro headset.
Persons: Jensen Huang, We're, Huang, Goldman Sachs, Huang's, Jensen, John Belton, CFRA's Angelo, Apple, Zino isn't, Belton, Mark Malek Organizations: Nvidia, Technology, Devices, Marvell Technology, Micro Computer, Broadcom, Gabelli, Taiwan Semiconductor Manufacturing, Meta, Micron Technology, Apple Intelligence, Dell, Materials, KLA Corporation, Microsoft
As one VC partner told Business Insider at the time: "Sam is bigger than Taylor Swift." But the bigger you are, the faster the fall, and a few months later, things began to unravel. Others simply said Altman was overhyped, that he didn't have all the answers that the public and investors seemed to expect of him. Thanks to good old-fashioned capitalism, Altman and OpenAI have enjoyed business win after win and held their positions as the leaders in the aggressive AI race. "I thought Sam Altman did a really good job in the special," she told The Washington Post in a discussion about her TV program on artificial intelligence.
Persons: , Sam Altman, Taylor Swift, Altman, Oscar, Scarlett Johansson, Johansson, Ilya Sutskever, Jan Leike, Leike, Anthropic —, Greg Brockman, OpenAI, Siri, Goldman Sachs, OpenAI fanboys, Wharton, Ethan Mollick, Anderson Cooper, Josh Kushner —, Oprah Winfrey Organizations: Service, OpenAI, Business, , Leike, Apple, Microsoft, Nvidia, tech's, o1, Washington Locations: OpenAI —, Valley
Graves’ death may ultimately be part of a disturbing jump in the number of heat-related deaths, which have doubled across the country in recent years. Another child, a 10-year-old, died of a “heat-related medical event” in July while hiking in an Arizona park. ‘Attempted to save his life for about an hour’The Disneyland Halloween Half Marathon started at 5 a.m. last Sunday. “We’re sort of entering a new era of risk perhaps associated with these increasing temperatures,” Howard said. Before Sunday’s half marathon, Graves posted another TikTok video under his popular @calebtravels user name about the arrival of Disney race weekend.
Persons: Bobby Graves, Graves, Caleb, , , ” Graves, Matt Sutter, Jeffrey Howard, Howard, , Mickey, Minnie Mouse, Jacob Boyer, “ It’s, Jeff Gritchen, ” Sutter, Frank Gonzalez, Jessica Good, Sutter, Boyer, messaged, Wilson Sonsini Goodrich, ” Wilson Sonsini, ” Howard, CNN’s Jen Christensen, Natasha Chen, Deidre McPhillips, Mary Gilbert, Jillian Sykes, Dalia Faheid, Taylor Galgano, Zenebou Sylla, Laura Paddison, Amy O’Kurk, Angela Dewan Organizations: CNN, Disney, Anaheim Police, University of Texas, National Weather Service, , MediaNews, Orange, Register, Paramedics, Anaheim Fire, Orange County Sheriff’s Department, Georgetown University, Rosati, US Centers for Disease Control Locations: Southern California, Garden Grove, Orange County, Orange, Maine, California, Arizona , Georgia, Nebraska, Arizona, San Antonio, Anaheim, Sutter, , Austin, Washington, – California, Arizona , Nevada, Texas, Santa Clara County , California
But other chapters, like those describing the loss of our ancient ancestors, are harder to recover as time passes. A chance finding of bones in a cave is revealing clues of a much older tragic mystery. The once-in-a-lifetime find, nicknamed Thorin after a character in “The Hobbit,” has puzzled researchers for nearly a decade. The overall winner of the competition was photographer Ryan Imperio for his photo taken during the October 2023 annular solar eclipse. The phenomenon is visible for brief moments during an eclipse when sunlight shines through the moon’s valleys and craters, creating glowing drops of light.
Persons: Duke, Wellington, Gebhard Leberecht von Blücher, Napoleon Bonaparte, Thorin, Ludovic, , Yuha Hasegawa, Ryan Imperio, Imperio, Zhu Yubo, Rapa Nui, Christopher Columbus, Butch Wilmore, Suni Williams, Ashley Strickland, Katie Hunt Organizations: CNN, Japan’s Nagasaki University, , International, Astronomy, Polaris, , NASA, CNN Space, Science Locations: Brussels, Grotte Mandrin, Rhône, New Zealand, El, Rapa, USA, Americas
She, like 2,000 other state residents, is awaiting approval for aid through a community advocacy program. Resumed funding for LIHEAP is dependent on an appropriations bill used to fund the government. “We had calls during our latest heat wave, and our agencies just don’t have the LIHEAP funding,” Sarensen said. Unlike those so-called entitlements, LIHEAP funding can be depleted without helping everyone who qualifies. Neither Vice President Kamala Harris nor former President Donald Trump has mentioned direct utility or weatherization aid in their campaigns for the White House.
Persons: Cathy McCorkle, she’s, , , won’t, Mark Wolfe, “ There’s, Wolfe, LIHEAP, Bridget Bennett, Brian Sarensen, Sarensen, ” Sarensen, That’s, “ It’s, Stephanie Ashley, We’ve, Ashley, “ We’ve, We’re, we’re, ” “, Kamala Harris, Donald Trump, Karen Lusson Organizations: U.S, Low Income, Energy Assistance, National Energy Assistance, Association, Center for Energy, Opera, Washington, Getty Images, Commerce Department, Law, SNAP, Washington , D.C, House Republicans, White, U.S . Treasury Department, National Consumer Law Locations: Mount Holly , North Carolina, San Diego, Death Valley, Calif, Washington, Phoenix, Oregon, North Carolina, Washington ,
Chad McQueen, son of the legendary actor Steve McQueen who played “Dutch” in “The Karate Kid” film series, died Wednesday in Palm Springs. As a family, we need to navigate this difficult time, and we kindly ask for privacy as we remember and celebrate his extraordinary life.”McQueen is best known for his role as “Dutch” in “The Karate Kid” (1984) and its sequel, “The Karate Kid Part II” (1986). Following in his father’s footsteps, however, McQueen had a successful career in auto racing, his true passion. In 2006, McQueen suffered a near-fatal crash while practicing for the Daytona International Speedway’s Rolex 24 event. Though he eventually pulled through, the crash effectively ended his professional racing career, but he has remained involved in motorsports through his company and other ventures.
Persons: Chad McQueen, Steve McQueen, Jeanie, Chase, Madison, , ” McQueen, Kai, Johnny Lawrence, William “ Billy ” Zabka, Daniel LaRusso, Ralph Macchio, McQueen, Organizations: Dutch, Le, Sebring, McQueen, Rolex Locations: Palm Springs, New Jersey, Los Angeles, Malibu, Madison
And when that happens, he’s got another project, Worldcoin, in the works to help fix it. To do that, it’s using its proprietary, basketball-ball sized “orbs” that scan people’s eyeballs and create a unique, immutable code based on the pattern of their irises. So I sat down (virtually) with Worldcoin’s co-founder and CEO, 30-year-old Alex Blania, to discuss the project’s origins and future. CNN: A lot of Worldcoin’s focus is future-focused — targeting problems that are hard for us to imagine today. Blania: I think there’s two pieces to that.
Persons: CNN Business ’, Sam Altman, it’ll, he’s, ChatGPT, Altman, , AGI, it’s, VCs, Andreesen Horowitz, Alex Blania, Joseph Nair, It’s, you’ve, Worldcoin, We’ve, there’s, There’s, You’ve Organizations: CNN Business, New York CNN, Netflix, Worldcoin’s, CNN, Bloomberg, Getty, SpaceX, Apple Locations: New York, Singapore, Asia, Japan, Spain, Hong Kong, Malaysia, United States
Close-up of sign at entrance to Silicon Valley headquarters of outsourcing and freelancing company Upwork, Mountain View, California, May 3, 2019. Activist investor Engine Capital has a roughly 4% stake in freelance marketplace Upwork and is pushing for a shakeup to the company's board. Upwork shares rose more than 3% on the news in pre-market trading Friday. Engine singled out several Upwork directors, including Chairman Thomas Layton and Greg Gretsch, for their lengthy tenures. Meanwhile, none of Upwork's directors have any apparent experience in staffing industry, the activist said.
Persons: Hayden Brown's, Brown, Arnaud Ajdler, Thomas Layton, Greg Gretsch, Splunk, Gary Steele, Ajdler, Upwork, Fiverr, Upwork didn't Organizations: CNBC Locations: Silicon, View , California
Over the course of about 10 years at the company, Vashi worked his way up from an entry-level consultant role to vice president. It all paid off in June 2022, when Anaplan was acquired by private equity company Thoma Bravo at a roughly $10.4 billion valuation. Here are five tips on how to negotiate for more equity at work, according to Vashi:1. "The best way to secure equity compensation is to make yourself extremely important to the company," he said. When it comes to employees, it is "all based on [their] contributions, either actual contributions or expected contributions," Vashi said.
Persons: Bhavik Vashi, Vashi, Anaplan, Thoma, they've Organizations: University of California, CNBC, Thoma Bravo, Asia Pacific, Carta, Employees Locations: Valley, Berkeley, Silicon Valley, Middle East
Justin Wayne Halstenberg, 34, is alleged to have set off three different fires last week, San Bernardino County Sheriff Shannon Dicus said Thursday. One of those fires evolved into the Line Fire, that has continued to burn after eight days, while the other two were contained. According to Dicus, investigators were able to tie Halstenberg to the scene of all three fires. The investigation was indicative of “significant arson behavior” and it is possible Halstenberg could be tied to other fires, Dicus said. If convicted on the aggravated arson charge, Halstenberg could be sentenced between 10 years to life in prison.
Persons: Justin Wayne Halstenberg, San Bernardino County Sheriff Shannon Dicus, Halstenberg, Dicus, Jason Anderson, Anderson, Gavin Newsom Organizations: San Bernardino County Sheriff, Detention, Authorities, Records, CalFire ., CalFire . California Gov, state's National Guard Locations: California, San Bernardino, San Bernardino County, Riverside County, Highland, CalFire, CalFire . California, Southern California
APPLE VALLEY, Minn. — A pair of rare Amur tiger cubs are making their public debut at the Minnesota Zoo, raising hopes for preserving an endangered species that’s native to far eastern Russia and northern China. It’s tricky to breed them, and around one in four Amur cubs don’t make it to adulthood, whether it’s in the wild or in captivity, she said. Three-month-old Amur tiger cubs Amaliya explores her outdoor enclosure for the first time with their mother Dari at the Minnesota Zoo in Apple Valley, Minn. on Thursday. Its Amur tigers have produced 57 cubs, 46 of which survived for at least 30 days. The births of Andrei and Amaliya raised the zoo’s population to seven Amur tigers, including their sire, Luka.
Persons: Andrei, Amaliya, , Trista Fischer, Dari’s, She’s, we’ve, Mark Vancleave, Luka, Fischer, , Zach Nugent, “ Aww, ” Fischer Organizations: Minnesota Zoo, Star Locations: APPLE, Minn, Russia, China, Apple Valley, Minneapolis, Apple, United States, Malayan
Grotte Mandrin is the only known site to have been home to alternating groups of both Homo sapiens and Homo neanderthalensis. “The Thorin population spent 50,000 years without exchanging genes with other Neanderthal populations,” Slimak said in a news release. DNA from Homo sapiens fossils from that time show that these early arrivals interbred with Neanderthals — traces of those encounters remain in present-day human populations. Archaeologists have excavated more of Thorin’s remains: 31 teeth, part of the jaw and five finger bones, so far. It’s the only known site to have been home to alternating groups of both Homo sapiens and Neanderthals, plus the earliest evidence of bow and arrow use outside Africa.
Persons: Ludovic Slimak, Thorin, , Slimak, , Mandrin, ” Slimak, Ludovic, sapiens, Chris Stringer, wasn’t, ” Stringer, ” It’s, Grotte Mandrin Organizations: CNN, France’s National, for Scientific Research, Paul Sabatier University, Genomics Locations: Rhône, Toulouse, Western Europe, Europe, Grotte, Malataverne, France, Thorin’s, Africa
Semiconductor stocks have been volatile. Last Friday, the VanEck Semiconductor ETF fell 11.6% in a day. Investors might be wondering: What's the outlook for semiconductor stocks — which have been boosted by artificial intelligence — and are there pockets of buying opportunity? It expects orders for PCs and general servers to improve next year as AI-driven demand picks up. As for memory chips, supply is set to remain tight at least till the first half of 2025, thanks to investments in high-bandwidth memory, Morningstar said.
Persons: Morningstar, GlobalWafers Organizations: VanEck Semiconductor, SK Hynix, Micron Technology, Morningstar, Edge, Samsung, Screen CNBC, Van Eck Semiconductor Locations: United States
CNN —General Mills will sell its North American yogurt business to French dairy firms Groupe Lactalis and Sodiaal in a $2.1 billion deal, the Cheerios maker said on Thursday. Reuters reported in April that General Mills was working with investment bank JPMorgan Chase to attract interest from potential buyers for the business, which houses brands such as Yoplait and Liberté. The North American yogurt business contributed about $1.5 billion to General Mills’ fiscal 2024 net sales. Bloomberg News earlier on Thursday reported that General Mills was in talks to sell the North America yogurt operations to Groupe Lactalis and Sodiaal. In 2021, General Mills sold the European operations of Yoplait to Sodiaal.
Persons: Mills, Lactalis, Sodiaal, Jeff Harmening, Yoplait, General Mills Organizations: CNN, Groupe Lactalis, Canadian, Reuters, JPMorgan Chase, Bloomberg, General, PAI Partners Locations: U.S, Valley , Minnesota, North America, Yoplait, Sodiaal
When Nvidia CEO Jensen Huang spoke to Goldman Sachs CEO David Solomon on Wednesday, the banker raised this relationship — and how precarious it is due to rising tension in the Taiwan Strait. This story is available exclusively to Business Insider subscribers. Last year, Huang said he felt "perfectly safe" relying on manufacturing in Taiwan. Though Samsung has some of the same capabilities required to produce the most advanced chips, TSMC is the clear leader. Huang went on to praise TSMC for scaling up to meet the demand that created Nvidia's "hockey stick" earnings in recent years.
Persons: , Jensen Huang, Goldman Sachs, David Solomon, Solomon, Huang, Dylan Patel, Chris Miller, TSMC, Patel Organizations: Service, Nvidia, Wednesday, Business, Samsung, Intel, SEC, Blackwell Locations: Taiwan, Asia, China, Pacific, TSMC, South, Arizona
"I love how you can invest in properties, you earn money, you have to save money to wait for the best property. Though they may not have pushed Tello-Trillo into economics, her parents taught her about money from a young age. "I see money as a thing that you work really hard for, and then if you want to spend money [it's] because you really, really value something," she says. "But it has to be something that I really, really like, and it has to be something that is going to be useful either for the family or for the home." She and her husband split household expenses equally, and Tello-Trillo handles the mortgage payments for her rental properties on her own.
Persons: Cristina Tello, Trillo, that's, Sebastian, Leo, Tello, she's, Peru wouldn't, Roth Organizations: CNBC, Monopoly, Pontificia Universidad Catolica of, Tello, U.S . Census Bureau, University of Maryland, Washington , D.C, Yale University, YouTube, Leo Insurance, Netflix, Spotify, Amazon, Amazon Prime Locations: Peru, Nicaragua, Pontificia Universidad Catolica of Peru, Bethesda , Maryland, Washington ,, Rochester , New York, Tello, , Bethesda, Rochester, Shenandoah, Northern Virginia
GUWAHATI, India — Internet and mobile data services were suspended for five days and an indefinite curfew imposed in parts of India’s northeastern state of Manipur on Tuesday after student protests over continuing ethnic strife turned violent. Police say they suspect that the drones were used by Kuki militants, a claim denied by Kuki groups. Protesters threw stones and plastic bottles in front of the main gate of the state governor’s residence, police said in a statement. As protests spilled over into Tuesday, the local government imposed a curfew in the Imphal Valley and surrounding districts and suspended internet services in five valley districts. Authorities shut down the internet in Manipur last year, in one of India’s longest enforced outages.
Persons: , , Narendra Modi’s, Modi Organizations: Police, Kuki, Protesters, Government, Authorities, Indian, Narendra Modi’s Bharatiya Janata Party, BJP Locations: GUWAHATI, India, Manipur, Kuki, Imphal, Myanmar, Thoubal
In recent years wildfires have regularly burned in and around Wrightwood, a picturesque mountain town 60 miles east of Los Angeles known for its 1930s cabins. In neighboring Orange County, firefighters used bulldozers, helicopters and planes to control a rapidly spreading blaze called the Airport Fire that started Monday and spread to about 3 square miles in only a few hours. Concialdi said the fire was burning away from homes in Orange County, but there are 36 recreational cabins in the area. Residents along the southern edge of Big Bear Lake were told to leave the area Tuesday night, according to the San Bernardino County Sheriff’s Department. The blaze had charred more than 51 square miles of grass and brush and blanketed the area with a thick cloud of dark smoke.
Persons: Big Bear, Robert Luna, Janice Quick, texted, Quick, “ I’ve, I’ve, , Steve Concialdi, Concialdi, Sherri Fankhauser, Fankhauser, ” Fankhauser, “ It’s, Davis, Joe Lombardo, Charles Moore Organizations: Chamber of Commerce, Orange County Fire, San Bernardino National Forest, Residents, San, San Bernardino County Sheriff’s Department, Nevada Gov, Sunday, National Weather Service, Truckee Meadows Fire Locations: , California, Los Angeles, Big, Wrightwood, Los Angeles County, Orange County, Riverside County, San Bernardino County, Northern California, Clearlake City, San Francisco, Idaho , Oregon, Nevada, Reno, Davis, Washoe, Washoe County, Truckee Meadows
Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November. It helps that bitcoin became more institutionalized than ever this year with the introduction of U.S. bitcoin exchange traded funds. "If Trump wins in November, will there be an immediate pump? If Harris wins, could there be some immediate sell pressure? Although there are concerns thanks to the Biden administration's position on bitcoin, "I would remind investors ... that bitcoin did great," under the current adminustration, Lubka added.
Persons: That's, Donald Trump's, Steven Lubka, Bitcoin, Lubka, Kamala Harris, James Davies, bitcoin, " Davies, hasn't, Harris, Biden, Tyrone Ross, Trump, Bernstein, Swan Bitcoin, Elizabeth Warren, Gary Gensler, Organizations: U.S, Swan, Exchange, Investors, Conference, Republican, Trump, Securities Locations: United States, Japan, Nashville, bitcoin
New York CNN —The battle over “founder mode” versus “manager mode” is one of those manufactured dramas that only a small segment of the world cares about — like going to Davos or Cannes or the Vanity Fair Oscar Party. The idea is that a founder knows their company the way a parent knows their child. Graham doesn’t really define founder mode because every founder and every firm is different. I’ll offer another: Ray Dalio, the founder of Bridgewater, one of the world’s biggest hedge funds. The most successful “founder mode” guys (they’re almost all male, as far as I can tell) seemed to always have a trusted manager by their side.
Persons: CNN Business ’, Paul Graham, Graham, ” Graham, Brian Chesky, Chesky, Steve Jobs, It’s, Graham doesn’t, Jobs, Jeff Bezos, Elon Musk, Nvidia’s Jensen Huang, Ray Dalio, narc, Rob Copeland, , Rich Hagberg, Ashley Herd, Jessica Lessin, , Tim Cook Organizations: CNN Business, New York CNN, Bridgewater, New York Times, LinkedIn Locations: New York, Davos, Cannes, Silicon Valley
As a startup founder, no day is exactly the same. This is a relatively new part of her daily routine, and something she used to think was "impossible" to make time for as a startup founder. A typical day: Communicating with customers, paring down meetings, and saving admin for the eveningA chunk of Jiang's day consists of interacting with Peek customers via WhatsApp chat. In general, she says she has "way fewer meetings" as a startup founder than she did in the corporate world. Jiang and her partner, who is also a startup founder, also block out one night a week — Thursday — to set work aside and "just hang out," she said.
Persons: , Sherry Jiang, Jiang, Peek, I'm, she's, they're, I've, Sherry Jiang Jiang Organizations: Service, Google, Business, Vally, Peek, Singapore, UC Berkeley, Amazon, LinkedIn Locations: Singapore, West Coast, Asia
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