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☆ The Most Expensive and Most Affordable Cities for Childcare in the US
▼ + stars: | 2023-05-31 | by ( Jeremy Ney | ) www.businessinsider.com time to read: +13 min

The most expensive counties generally have fewer childcare workers or the state doesn't provide enough financial support for low-income families. The US Department of Health and Human Services considers childcare "affordable" if it costs less than 7% of a family's income. The pandemic provided a perfect example of this dynamic: 2 million women left the workforce and haven't returned, citing childcare costs as the No. Counties with higher levels of poverty often lack affordable care as childcare workers themselves can't afford to live on the industry's low wages. In Canada, where childcare workers make more, that ratio is six to one.

Persons: haven't, It's, Joe Biden, doesn't, Annie Lowrey, Grant, Jeremy Ney Organizations: Department of Labor, US Department of Health, Human Services, New, Bay State, University of Massachusetts Amherst, US, Preschool, America, Federal Reserve Bank of New Locations: Massachusetts, Mississippi, New York City, America, Kings County, Brooklyn, Queens County, Bronx County, Bronx, Bay, While Massachusetts, California, . Mississippi, New York, Canada, Portland , Oregon, Portland, Michigan, The, Federal Reserve Bank of New York

CNN —A Chinese fighter jet conducted an “unnecessarily aggressive maneuver” during an intercept of a US spy plane in international airspace over the South China Sea last week, the US military said in a statement Tuesday. The RC-135 was conducting “safe and routine operations” in international airspace, US Indo-Pacific Command said. The US has seen an alarming increase in the number of risky aerial intercepts conducted by Chinese aircraft, according to an INDOPACOM spokesperson. Chinese aircraft have been more aggressive, drawing closer to US and allied aircraft, prompting concern about a potential unsafe incident or miscalculation. Over the past several years, the South China Sea has emerged as a major potential flashpoint in the Asia Pacific.

Persons: ”, Nancy Pelosi’s, Lloyd Austin, Li Shangfu, it’s Organizations: CNN, Pacific Command, Pacific Joint Force, Pentagon, Defense, Dialogue Security, US, Defense Department, Department of Defense, Embassy, Navy, South China, Center for Strategic, Studies, Power Locations: South, United States, U.S, Taiwan, China, Beijing, Singapore, INDOPACOM, Asia

☆ Biden administration looking at arranging high-profile visits to China by senior officials
▼ + stars: | 2023-05-17 | by ( Kylie Atwood | ) edition.cnn.com time to read: +7 min

There are ongoing discussions about visits for four top Biden administration officials — Blinken, Secretary of the Treasury Janet Yellen, Secretary of Commerce Gina Raimondo and Climate Envoy John Kerry – but the order of those visits remains unclear, even among US officials who will be involved in the planning. Inside the administration, some officials have strong views about who should travel first, while others are less concerned about the sequence, multiple US officials told CNN. There are no specific dates currently under consideration for a possible Blinken visit, the officials said. But administration officials now believe that Kerry’s trip is unlikely to come first with the other three officials having discussed possible visits for months. Sullivan and Wang met for more than 8 hours over the course of two days and covered a wide range of topics, administration officials explained to reporters.

The discord between Russia and the other Arctic Council members means that an effective response to these changes is far less likely. Recently, it has taken steps to expand cooperation in the Arctic with non-Arctic states. On April 24, Russia and China signed a memorandum establishing cooperation between the countries' coast guards in the Arctic. "We need to safeguard the Arctic Council as the most important international forum for Arctic cooperation and make sure it survives," Norwegian Deputy Foreign Minister Eivind Vad Petersson told Reuters. "I don't see an Arctic Council without Russia in the future," said Larsen, a Greenland lawmaker at the Danish Parliament and the Chair of Arctic Parliamentarians, a body including MPs from across the Arctic countries.

☆ How employers plan to reengage older workers in the labor force
▼ + stars: | 2023-05-05 | 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 EmailHow employers plan to reengage older workers in the labor forceCNBC's Kate Rogers and KPMG's Diane Swonk join 'The Exchange' to discuss employers with a focus on hiring older workers, supporting a work-life balance for employees, and demographic shifts in the workforce.

☆ Gold gains as Fed hints at pause in rate hikes
▼ + stars: | 2023-03-23 | by ( ) www.cnbc.com time to read: +2 min

Pure 1,000-gram gold bars produced by South Korea's LS-Nikko are stacked in a dealers room in Seoul on January 9, 2009. Gold prices advanced on Thursday after the U.S. Federal Reserve hinted it was nearing a pause in its rate-hike cycle, making the safe-haven asset a more attractive bet in a future low interest environment. Spot gold was up 0.4% at $1,976.98 per ounce, as of 0406 GMT. Traditionally considered a hedge against inflation and economic uncertainties, gold prices jumped 2% on Wednesday after the Fed raised interest rates by an expected 25 basis points, and indicated it might pause further increases after the recent collapse of two U.S. banks. Spot silver slipped 0.4% to $22.94 per ounce, platinum added 1.1% at $988.61, while palladium lost 0.5% to $1,443.57.

☆ The 'problematic' stock rally will fade as the Fed wrangles sticky inflation and recession hits in the 2nd half of the year, Credit Suisse strategist says
▼ + stars: | 2023-02-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The rally in stocks that's kicked off 2023 is "problematic," according to Credit Suisse strategist Patrick Palfrey. Palfrey warned that gains will be fleeting as the Fed continues to battle sticky inflation. That could spark a recession and a sell-off in the market in the second half of the year, he predicted. Though prices cooled to 6.5% in December, inflation is likely to remain sticky in the second half of the year, Palfrey said. I think those are going to be a headwind for the market as we start to approach the latter half of the year," Palfrey warned.

☆ I drove hundreds of miles 'hands-free' in GM, Ford and Tesla cars – here's how it went
▼ + stars: | 2022-12-21 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

It aims to make Super Cruise available on 22 cars, trucks and SUVs globally by the end of 2023. When the steering-wheel light bar illuminates in green with GM's Super Cruise, drivers may remove their hands from the steering wheel. When Super Cruise did disengage, it would typically be available again minutes, if not seconds, later. Both Ford and GM systems would have likely hit a temporary concrete construction barrier if I hadn't taken over and disengaged on a large S-curve roadway near Detroit. Super Cruise and BlueCruise both disengaged several times for what seemed like no reason, only to reengage quickly after.

☆ Sorry, but it looks like your holiday party is probably going to happen at the office this year
▼ + stars: | 2022-12-06 | by ( Jennifer Liu | ) www.cnbc.com time to read: +7 min

So, as we barrel toward end-of-year celebrations, where does that leave the good old fashioned corporate holiday party? Bosses are still making last-minute decisions, he adds: The week of Thanksgiving, he fielded a request to organize a 900-person holiday party with three week's notice. The office becomes party centralMassive party cancellations are proving to be the exception rather than the rule. "No one has canceled," says Maggie Kennedy Braff, founder and CEO of Kennedy Events, which operates in the Bay Area. Inflation hits the holiday party circuitEvents are scaling back on ostentatious food options, too.

A G20 declaration on Wednesday said "we will play our part fully in implementing" last year's Glasgow Climate Pact, under which countries pledged to limit the rise in global temperatures to 1.5C above pre-industrial times. "As things stand, the Glasgow Climate Pact is broken, but the G20 have the opportunity to fix it." MISSED OPPORTUNITYThe G20 declaration recognised the need to phase down use of unabated coal and phase out "inefficient" fossil fuel subsidies. Avinash Persaud, special envoy on climate finance to Prime Minister Mia Motley of Barbados, meanwhile, told Reuters the G20 declaration missed the mark on finance. "Unfunded ambition gets us nowhere fast," Persaud said, adding he wanted G20 countries to unlock more lending from multilateral development banks they control to help climate-vulnerable countries.

☆ Analysis: Xi and Biden cool the heat, but China and the US are still on collision course
▼ + stars: | 2022-11-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +8 min

CNN —The world can breathe a little easier after US President Joe Biden’s talks with Chinese leader Xi Jinping on Monday. But they could also be read as the kind of lecture that Washington once delivered to Chinese leaders that Xi is now taking the opportunity to throw back at the US. Biden said after the talks that he didn’t find Xi “more confrontational or more conciliatory. Biden publicly told Xi that the US was ready to reengage in climate talks – at an opportune moment for the Egypt climate summit. Before he went to Asia, Biden suggested that China didn’t have that much respect for either Russian President Vladimir Putin or Russia itself.

☆ Republican Gov. Chris Sununu laughs at Trump's forthcoming 2024 presidential bid announcement: It's 'a terrible idea'
▼ + stars: | 2022-11-06 | by ( Taylor Ardrey | ) www.businessinsider.com time to read: +2 min

Sununu laughed at the idea of Trump announcing his reelection bid in the upcoming weeks. During an interview with CBS, the Republican governor of New Hampshire called the pending announcement a terrible idea. Trump's team is reportedly planning to make the announcement on Nov 14. Chris Sununu chuckled at the idea of former President Donald Trump potentially announcing that he's running for office in the upcoming weeks. During an interview on CBS' "Face the Nation," moderator Margaret Brennan asked Sununu if Trump's White House bid would have an impact on the GOP.

One day after Delta Air Lines pilots authorized a potential strike, United Airlines pilots rejected a tentative contract agreement, setting the stage for possible work stoppages as the busy holiday travel season approaches. Delta pilots voted Monday for a strike if necessary in order to secure a new contract with the nation's second-largest carrier. In a statement, Delta said Monday's strike authorization vote would not affect customers and that under federal labor law, a strike cannot occur until certain conditions are met. According to a statement, pilots will immediately begin a series of informational picketing events as they work to rally support. Pilot scheduling issues are one of the reasons air travel in 2022 has been beset by delays and cancellations, he said.

☆ Second railroad union votes down deal needed to avert nationwide strike
▼ + stars: | 2022-10-26 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

The Brotherhood of Railroad Signalmen is the second union to vote down the tentative agreement between rail unions, freight rail companies and the Biden administration that was reached on September 15 and critical to avoiding a nationwide rail strike. "For the first time that I can remember, the BRS members voted not to ratify a National Agreement, and with the highest participation rate in BRS history," said BRS president Michael Baldwin in a statement. The NCCC and PEB also both failed to recognize the safety-sensitive and highly stressful job BRS members perform each day to keep the railroad running and supply chain flowing." The rejection of the National Tentative Agreement begins a "status quo" period during which the union will reengage with the NCCC until December 4. The railroads have estimated that a rail strike could cost the economy $2 billion per day.

☆ Rail union BMWED members reject contract deal with U.S. railroads
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +1 min

Oct 10 (Reuters) - A union representing employees who build and maintain tracks said on Monday its members rejected the tentative contract deal with a committee representing major U.S. freight railroads. The Brotherhood of Maintenance of Way Employes (BMWED), which represents more 11,000 workers, said the rejection results in a "status quo" period where the union will reengage bargaining with the Class I freight carriers. read moreSo far, only four of the 12 unions have ratified the agreement. read moreIn September, a division of International Association of Machinists and Aerospace Workers reached an improved tentative contract deal with the NCCC after its members rejected it earlier. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Aishwarya Nair in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Here are Wednesday's biggest analyst calls: Apple, Estee Lauder, Cisco, Micron, PayPal, Nvidia & more
▼ + stars: | 2022-09-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Deutsche Bank reiterates Nike as buy Deutsche said it's standing by shares of Nike heading into earnings next week. Canaccord downgrades Stitch Fix to neutral from buy Canaccord downgraded the online personal styling service after the company's disappointing earnings report. " Goldman Sachs upgrades Estee Lauder to buy from neutral Goldman said in its upgrade of the stock that investors should buy the weakness. Deutsche Bank reiterates Costco as buy Deutsche said it sees upside potential heading into earnings on Thursday. " Bank of America reiterates Apple as buy Bank of America said its survey checks on Apple show that carrier promos are driving more consumers to upgrade iPhones.

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