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Brewing worker resentment could fuel a 2025 quitting spree
  + stars: | 2024-11-20 | by ( Jennifer Liu | ) www.cnbc.com   time to read: +2 min
The job market could be poised for a fresh wave of people quitting, according to a new Glassdoor report. Employees' satisfaction in their career opportunities has been on the decline since 2022 after people settled into new roles following the post-pandemic hiring boom known as the Great Resignation. "People don't feel like the job market is working for them right now, even if you hear economists and policymakers talk about how strong and resilient the job market is," Glassdoor senior economist Daniel Zhao tells CNBC Make It. "The desire [to quit] is there, but the opportunities aren't," Zhao says. For example, some sectors, like housing, real estate and tech, could be buoyed by the Federal Reserve's interest rate cuts, Zhao says.
Persons: Daniel Zhao, Zhao, Terry Petzold, Donald Trump Organizations: CNBC, Fox Search, White
HONG KONG — A Hong Kong court sentenced dozens of leading pro-democracy figures to up to 10 years prison Tuesday in the single largest trial under a national security law that critics say has been used to all but eliminate political dissent in the Chinese territory. Lawyers for the defendants have argued that such action was within the bounds of Hong Kong law. In March, Hong Kong’s opposition-free legislature also enacted local national security legislation. Among the 47 are “second-tier pan-democrats” who were previously active members of the Hong Kong legislature, Burns said. Hong Kong officials said last month that there was no time limit for prosecuting the cases, noting that it takes time to gather evidence.
Persons: Benny Tai, Tai, Carrie Lam, Hong Kong’s, Hong, Maya Wang, , Tai —, John Burns, Burns, Jimmy Lai, , Jonathan Sumption, ” Sumption, Kong’s, of Organizations: University of Hong Kong, Hong, Authorities, Human Rights, University of Hong, Apple Daily, Pew Research Center, Financial Locations: HONG KONG, Hong Kong, Beijing, British, U.S, China, University of Hong Kong, Hong Kong’s
CNN —The United States formally recognized Venezuelan opposition leader Edmundo Gonzalez as the country’s president-elect following the disputed July 28 presidential election, Secretary of State Antony Blinken announced Tuesday on X. “The Venezuelan people spoke resoundingly on July 28 and made Edmundo Gonzalez the president-elect. “The Venezuelan people overwhelmingly and unequivocally expressed their desire for democratic change—the publicly available voting tally sheets say so,” they said. Gonzalez on Tuesday thanked the US for the move, saying: “We deeply appreciate the recognition of the sovereign will of all Venezuelans. The Venezuelan opposition collected and published hundreds of thousands of vote tallies receipts claiming Gonzalez won with more than 70% of the vote.
Persons: Edmundo Gonzalez, Antony Blinken, Gonzalez, Nicolas Maduro, , Edmundo González Urrutia, , ” Gonzalez Organizations: CNN, United, State Department, Tuesday, Carter Center, UN Locations: United States, Venezuelan, Rio de Janeiro, Venezuela, Caracas, Spain
These days, Cher prefers younger men: She has a 40-year age gap with her current partner, Alexander Edwards. There's at least one person who didn't initially approve of Cher's age-gap relationship with Sonny Bono — her mother. So I said, 'OK, I'm not 18 but next month is my birthday' — which was true — 'and I'm going to be 18,'" Cher told Mason, recounting her words. AdvertisementEven though Bono didn't find her attractive initially, their relationship eventually blossomed, she said. Looking back on their relationship, Cher says that their 11-year age gap never felt strange.
Persons: Cher, wasn't, Sonny Bono, Alexander Edwards, There's, didn't, Sonny Bono —, Anthony Mason, Bono —, , Bono, Mason, Tony, Maria, Bono didn't, Chaz Bono, Cher —, Jennifer Hudson, isn't, Dick Van Dyke, Arlene Silver, Blake Lively, Ryan Reynolds, Whoopi Goldberg, Joy Behar Organizations: CBS
Stross is the president and co-founder of Greenhouse, the hiring platform, and has seen a lot of tech and AI advancements in hiring since his business launched in 2012. And so you feel pressure that if you're not applying to tons of jobs, you're falling behind." New tech can enable bad hiring practicesAnother issue is that businesses are leveraging hiring tech to post more job openings, even if they're not for roles they're actively hiring for. Another strategy: Reach out to first- or second-degree LinkedIn connections at companies you're actively applying to. Hiring tech can limit bad actors and highlight positive experiences
Persons: Jon Stross, he's, isn't, Stross, Greenhouse, they're Organizations: Greenhouse, CNBC
The Artist, the Gallerist and Their Liver
  + stars: | 2024-11-19 | by ( Ray Mark Rinaldi | ) www.nytimes.com   time to read: +1 min
There, Doran, who owns the gallery, let out a secret. She was dying, she told the artists, some of whom had been on her roster for many years. She needed to find a donor, and members of her family were not a match. Among the group was Derrick Velasquez, an artist who had signed on with the gallery in 2010, when he was just out of grad school. “I was thinking how difficult it must have been to ask for something like this.”
Persons: Jennifer Doran, Doran, Derrick Velasquez, ,
Steven Guo launched his first business when he was 12 — "basically by accident," he says. In 2022, Guo sold one of his first businesses, a jewelry brand that brought in over $2 million in revenue within a year. The 24-year-old now owns and runs several e-commerce ventures set to bring in a combined $1.7 million this year. "By combining these two interests and making a really unique car cover, we can appeal to a much more passionate audience." "One thing that I wish I knew earlier about running a business is that the product isn't necessarily everything," he says.
Persons: Steven Guo, Guo, he's, Steven Guo Another, merch, It's Organizations: University of California Locations: Irvine
The conservative shift comes as streamers try to make every dollar count but face cultural hurdles. The Prime Video series will be the first to come out of Amazon's deal with The Wonder Project, a Christian-focused production company for faith-based films and TV shows. In this newly conservative greenlighting era, buyers are looking around for sure things and pockets of audiences where there's opportunity. "Conservative, faith-based, family, is not a bad place to look," Thompson said. AdvertisementStudios and streamers want to serve rural America but are reluctant to touch something they consider too religious or conservative.
Persons: David, Vernon Sanders, Donald Trump's, Jennifer Salke, Nick Barnes, UTA's, Kevin Costner, Bob Iger, Tyler Perry, DeVon Franklin, Ruth, Boaz, Mary, Anthony Hopkins, Tim McGraw, Jim Caviezel, Jesus, Dallas Jenkins, Jon Erwin, UTA's Barnes, Dennis Quaid, Reagan, Matt Walsh's, Jesus of Nazareth, Angel, Robert Thompson, Thompson, Hilary Swank, Jamie McCarthy, That's, Jason Blum, Taylor Sheridan, Barnes Organizations: Netflix, Amazon MGM Studios, Paramount, Heartland, Angel, Angel Studios, Wonder, Networks, Cable, Syracuse University's Newhouse School of Public Communications, Center for Television, Popular, Conservative, York, Kingdom, Co, Lionsgate, UTA, Ampere Locations: Hollywood, UTA's Nashville, Los Angeles, American, California, America, Yellowstone, Georgia , Texas, Tennessee
AdvertisementThe Governors Awards are hosted each year to honor impactful members of cinema. This year, Jennifer Lawrence, Lupita Nyong'o, and Barry Keoghan were among the best-dressed stars. Selena Gomez, Angelina Jolie, and Jeremy Strong missed the mark with their outfits. Angelina Jolie, Jennifer Lawrence, and Barry Keoghan were among the actors, directors, and other attendees photographed at the annual Governors Awards on Sunday, hosted at the Ray Dolby Ballroom in Los Angeles. Here's a look at the five best and five worst outfits on the event's black carpet.
Persons: impactful, Jennifer Lawrence, Lupita Nyong'o, Barry Keoghan, Selena Gomez, Angelina Jolie, Jeremy Strong, Ray Dolby Locations: Los Angeles
That's due to a recent contraction in the money supply, which preceded past downturns, he told NYSE TV Live. The US economy is still likely to slow into a recession next year — and Trump's election victory may have just made the economic outlook even more challenging, according to top economist Steve Hanke. AdvertisementM2, one class of the money supply, shrank from mid-2022 to March 2024, according to Federal Reserve data. The M2 money supply started to re-expand this year, rising 2.47% year-per-year at the end of September. Trump's protectionist economic policies also impose a "big negative" for the economy, Hanke said.
Persons: Steve Hanke, downturns, Johns Hopkins, who's, That's, Hanke, Trump Organizations: NYSE TV, NYSE, Federal Reserve, Real Locations: Atlanta
Barrow, Combs and bodyguard Anthony Jones were tried in the shooting in 2001. Combs categorically denies Mr. Barrow’s allegations, including any suggestion that he orchestrated Mr. Barrow to ‘take the fall’ or ‘sacrificed’ him by directing witnesses to testify against him. Combs appreciates the path Mr. Barrow has pursued and wishes him continued success. It is unfortunate that Mr. Barrow has chosen to revisit these allegations. “I’ve healed and I’ve forgiven, I’ve gotten over it,” Barrow said of Combs.
Persons: CNN — Moses “ Shyne ” Barrow, , ” Barrow, , Sean “ Diddy ” Combs, Combs, Barrow, Combs ’, Jennifer Lopez, Anthony Jones, Jones, I’ve, Barrow doesn’t, , Mr, “ I’ve, ” “, Shyne Organizations: CNN, Boy Records, Diddy, Club New, , Representatives, Hulu Locations: Belize, ” Barrow, New York City, Barrow, New York, , Club New York,
AdvertisementThe growing ranks of boomers aged 65-plus could spark a boom in the senior housing market. It says this will drive strong demand for senior housing facilities, including assisted living, independent living, skilled nursing, and memory care. "That makes senior housing a compelling option for investors looking to break away from traditional property investment." Census Bureau/Capital EconomicsMeanwhile, around 11% of those over the age of 65 are currently living in a form of senior housing, according to the American Senior Housing Association. Related storiesRents, meanwhile, are seeing a strong uptrend, thanks to the supply of senior housing growing tighter after the pandemic.
Persons: that's, Imogen Pattison, Pattison Organizations: Capital, Capital Economics, Census, American Senior Housing Association, MAP
AdvertisementVictoria Kjær Theilvig is the first Miss Denmark to win Miss Universe in the pageant's history. Victoria Kjær Theilvig is a historic Miss UniverseTheilvig's crowning moment on the Miss Universe stage. AdvertisementTheilvig is also the first blond to win Miss Universe since Miss Australia Jennifer Hawkins did so in 2004. In her Miss Universe video, Theilvig said she was practicing her public speaking and runway walk in preparation for Miss Universe so she could be "the best version of myself." Theilvig became a mental-health advocate after overcoming childhood traumaTheilvig is the first Miss Denmark to win Miss Universe in the pageant's 73-year history.
Persons: Theilvig, Victoria Kjær Theilvig, Victoria Kjær, Hector Vivas, Theilvig nabbed, Jennifer Hawkins, Chidimma Adetshina, Miss Malta Beatrice Njoya, Miss Egypt Logina Salah, Let's Organizations: Miss Denmark, Miss, 73rd Miss, Miss Grand Locations: Mexico City, Miss Denmark, Miss Nigeria, Miss Egypt, Copenhagen
AdvertisementInflation's downtrend may not be as straightforward as some investors think, according to Charles Schwab. Immigration reform could mean higher labor costs," the note added. Labor costs risingLabor costs have accelerated in recent months, with unit labor costs among all workers in the business sector rising to 3.4% year-over-year in the third quarter, according to Federal Reserve data. Markets are beginning to dial back expectations for further rate cuts in response to inflation concerns," Schwab strategists said. Charles Schwab, Citi Economic Surprise Index"Stronger growth suggests that the Fed may not lower short-term rates as much as anticipated just a few months ago.
Persons: Charles Schwab, Donald Trump, Trump, Schwab, It's Organizations: Trump, Bureau of Labor Statistics, Labor, Federal Reserve, Unit, Bloomberg, Treasury, Business, Citi
President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright, a staunch defender of fossil fuel use, would be his pick to lead the Department of Energy. Wright is the founder and CEO of Liberty Energy, an oilfield services firm based in Denver. He has stood out among oil and gas executives for his freewheeling style, and describes himself as a tech nerd. The secretary also oversees the aging U.S. nuclear weapons complex, nuclear energy waste disposal, and 17 national labs. If confirmed by the Senate, Wright will replace Jennifer Granholm, a supporter of electric vehicles, emerging energy sources like geothermal power and a backer of carbon-free wind, solar and nuclear energy.
Persons: Donald Trump, Chris Wright, Wright, we’re, ” Wright, Biden, Trump, Jennifer Granholm Organizations: Department of Energy, Liberty Energy, Strategic Petroleum Reserve, Office, Senate, Republicans, Democrats Locations: Denver, Soviet, U.S, , United States
WASHINGTON — President-elect Donald Trump’s consistent campaign pledge to impose sweeping tariffs on products imported into the U.S. is likely to face stiff challenges in court and potentially pushback from Congress. There are potential legal limits to Trump’s authority, even though he has said he would unilaterally impose the increases. But a broad array of tariffs on allies “could cross the line,” especially as the Supreme Court has taken a generally pro-business stance in recent years, he added. During the Biden administration, the Supreme Court embraced a theory called the “major questions doctrine.” Biden’s ambitious plan to wipe out billions of dollars in student debt was one of the proposals the Supreme Court faulted. The Supreme Court declined to take up the issue.
Persons: Donald Trump’s, Trump, he’s, Joe Biden, , Alan Morrison, , ” Morrison, , ” Trump, Ed Brzytwa, Brzytwa, Sen, Rand Paul, Rick Scott, ” Scott, Petros Mavroidis, , Jennifer Hillman, Hillman, Biden, Matt Priest, “ We’ll, ” Priest Organizations: WASHINGTON, China . Industry, George Washington University Law School, Chicago Economic Club, National Bureau of Economic Research, Federal Reserve Board, Consumer Technology Association, “ Consumers, CTA, Fox News, Sunday, Republicans, Columbia Law School, Georgetown Law Center, of International Trade, Trump, Appeals, Federal Circuit, Supreme, Federal Communications, Federal Energy Administration, Footwear Distributors, Retailers of America Locations: U.S, Congress, China, United States, Ky, Canada
Trump picks oil industry CEO Chris Wright as Energy secretary
  + stars: | 2024-11-16 | by ( ) www.cnbc.com   time to read: +2 min
President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright, a staunch defender of fossil fuel use, would be his pick to lead the Department of Energy. Wright is the founder and CEO of Liberty Energy, an oilfield services firm based in Denver. He has stood out among oil and gas executives for his freewheeling style, and describes himself as a tech nerd. The secretary also oversees the aging U.S. nuclear weapons complex, nuclear energy waste disposal, and 17 national labs. If confirmed by the Senate, Wright will replace Jennifer Granholm, a supporter of electric vehicles, emerging energy sources like geothermal power and a backer of carbon-free wind, solar and nuclear energy.
Persons: Donald Trump, Chris Wright, Wright, we're, Biden, Trump, Jennifer Granholm Organizations: Republicans, Hyatt, Department of Energy, Liberty Energy, Strategic Petroleum Reserve, Office, Senate, Democrats Locations: Washington , DC, Denver, Soviet, U.S, United States
Mike Tyson and Jake Paul will fight Friday in what will likely be Netflix's biggest-ever live event. The streamer has increasingly segued into live sports while building an ad business. Netflix now has 70 million ad-supported users — up from 40 million in May. AdvertisementMike Tyson and Jake Paul will enter the ring Friday in a long-anticipated boxing bout that could be a big test for Netflix's ambitions. Two years after launching, Netflix said it now has 70 million ad-supported users — up from 40 million in May.
Persons: Mike Tyson, Jake Paul, , Jennifer Halloran, Ampersand's Nicolle Pangis, Peter Naylor, Tyson, Paul Organizations: Netflix, Service, Boxing, influencers, Boston Red Sox, WWE, NFL, Business
Luzerne County is one of many counties in Pennsylvania — and across the country — that shifted to the right this year. Kevin Kraynak, a Luzerne County native, traveled from his home in California to try to get out the vote. Luzerne County became a hotbed of election denialism in 2020, and Pennsylvania is an open-carry state. Just over 152,000 total ballots were cast in Luzerne County — about the same as in 2020. In only one other Pennsylvania county were Trump’s gains greater.
Persons: Biden’s, Donald Trump, Dwayne McDavitt, Trump, Joe Biden, busloads, Democratic canvassers, Kevin Kraynak, “ I’m, , Jennifer Ziemba, “ We’re, MAGA, Philip Montgomery, ” Ziemba, “ I’d, Lee Ann McDermott, John, ” Constance Wynn, Wilkes, Wynn’s, Kim Pace, Harris, , Dave Ragan, ” Pace, John McDermott, Lee Ann, McDermott, Hillary Clinton, “ He’s, ” Lee Ann, Jennifer Ziemba’s, Shelley Meuser, Dan Meuser, Terry Eckert, Adaíris Casado, , ” Fredelina Paredes, Paredes, didn’t, Elizabeth Torrez, Torrez, Wadan Fernandez, Mr, ” Fernandez, ” Philip Montgomery Organizations: Trump, Amazon, Maxx, Democratic, Luzerne County Republican Party, Republican, The New York Times, , Electoral, Luzerne County —, The New York, U.S . Army, Army Reserve, Iglesia, Hazleton Locations: Luzerne, Pennsylvania, Luzerne County, Wilkes, Barre, Scranton, Lackawanna County, California, Fort, Harveys Lake, state’s, Plains Township, Hazleton, Dominican Republic, United States
Bank stocks in particular got a lift amid speculation of increased deal activity. Bank of America Global Investment Strategy, EPFR2. Bank of America Global Investment Strategy, EPFR3. Bank of America Global Investment Strategy, EPFR4. Bank of America Global Investment Strategy, Bloomberg5.
Persons: Donald Trump's, Stocks, Michael Hartnett, Gold, Crypto Organizations: Investors, Bank, Bank of America, BofA Global Research, Bank of America Global Investment, Bank of America Global Investment Strategy, Bloomberg Locations: outflows
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Political malpractice' if Trump undoes Biden climate commitments: Energy Secretary GranholmU.S. Energy Secretary Jennifer Granholm speaks to CNBC at the COP29 climate summit.
Persons: Trump, Granholm, Jennifer Granholm Organizations: Biden, Energy, Granholm U.S, CNBC
U.S. Secretary of Energy Jennifer Granholm speaks to the media on day five at the UNFCCC COP29 Climate Conference on November 15, 2024 in Baku, Azerbaijan. A potential decision by Donald Trump to walk back the Biden administration's climate-geared projects would impact jobs in areas governed by the President-elect's own party, outgoing U.S. Energy Secretary Jennifer Granholm told CNBC, urging consistency in Washington's green transition policies. "We are now building all of these projects. We're building batteries for electric vehicles, we're building the vehicles, we're building the offshore wind turbines, we're building the solar panels. When asked for a response on Granholm's comments, Karoline Leavitt, a spokeswoman for Trump's transition team, said the president-elect will "deliver" on the promises he made on the campaign trail.
Persons: Energy Jennifer Granholm, Donald Trump, Jennifer Granholm, Trump's, Granholm, CNBC's Dan Murphy, Joe Biden's, Law —, Karoline Leavitt Organizations: Energy, Conference, Biden, U.S . Energy, CNBC, Law, Republican Locations: Baku, Azerbaijan, Paris, U.S, Washington
If Kamala Harris' campaign was known for anything, it was its blockbuster fundraising. The overarching challenge at this point for what is left of Harris' campaign is that the financial picture is shrouded in mystery — even for those within the organization. What is even more unusual are the explosive clashes taking place in and around the Harris campaign universe. The requests have all been shut down and two Harris campaign officials told NBC News that the email list is not for sale. “We had some emails pre-scripted for a long fight,” a senior campaign official close to the strategy said.
Persons: Kamala Harris, it’s, aren’t, It’s Kamala, Harris, that’s, Donald Trump, Trump, , Chris Korge, , Beyonce, Jennifer Lopez, Cardi, Bruce Springsteen, Mumford, Oprah Winfrey, Winfrey, Harris ’ Organizations: Democratic National Committee, NBC News, NBC, Trump, Harpo Studios, America, YouTube, Facebook Locations: Houston, Las Vegas, Milwaukee, Philadelphia, Madison
For Jennifer Dulski, hiring candidates who've served in the exact type of role she's looking to fill is not a priority. She adds that, at Rising Team, "in zero of our job descriptions will you ever see the term 'X years experience' doing ' XYZ.'" She's hired many people who have not had exactly the same job before, she says, and "fewer than 5% of them have failed." That doesn't mean she's hiring people who've never done anything related to the role. Their experience just doesn't have to be a carbon copy of the job she's hiring for.
Persons: Jennifer Dulski, who've, She's, haven't, Dulski, what's Organizations: Rising Team, Google, Rising
Jasmine Escalera has seen her fair share of career advice, both good and bad, on social media over the years. But one thing she says platforms like TikTok do well is sharing videos and tips of how to network effectively. "Focus on the advice that's more about how to build a professional network that's healthy and supportive," she says. Try asking, "Do you have any information and advice on the salary range you normally see in X position?" Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Jasmine Escalera, Escalera, aren't Organizations: CNBC Locations: Miami
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