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☆ More than half of Gen Zers think they 'can easily make a career in influencing,' says branding expert
▼ + stars: | 2023-09-20 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

Some 57% of Gen Zers said they would like to become an influencer if given the chance, according to a new report from Morning Consult, a decision intelligence company. Put another way, more than half of Gen Zers "believe people can easily make a career in influencing," she adds. The Morning Consult data comes from one survey of 2,204 U.S. adults and one survey of Gen Zers ages 13 to 26 who use Twitter, Facebook, Snapchat, Instagram, TikTok, Twitch, or YouTube. Most Gen Zers think it's easy to make a career in influencingSome 53% of Gen Zers believe becoming an influencer is a reputable career choice, and a similar share would quit their current jobs if they could become an influencer if it was enough to pay for their lifestyle. 1 thing driving Gen Z's interest in influencing as a career is the ability to make money, followed closely by being able to work flexibly and doing fun work.

Persons: they'd, Gen Zers, Ellyn Briggs, Zers, Briggs, Young, flexibly Organizations: Morning, Twitter, Facebook, Consumer Locations: influencers

☆ The No. 1 employer for happy and fulfilled workers is a truck stop and convenience store chain
▼ + stars: | 2023-09-20 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +4 min

The company where workers feel most happy, fulfilled and stress-free can be seen from any given highway coast to coast. Love's Travel Stops & Country Stores, the truck stop and convenience store chain, was rated the No. 1 company for employee well-being, according to a new report from Indeed. Indeed based the awards on employee ratings focused on four aspects related to worker well-being: happiness, purpose, satisfaction and stress. While that looks a bit different at each company and in different industries, a high Work Well-being Score means employees feel appreciated, supported and generally satisfied at work."

Persons: Love's, Walt Disney Company Apple Love's, Jessee Rigney, Harris, Rigney, Priscilla Koranteng Organizations: Stores, Delta Air Lines Tata Consultancy Services Accenture IBM, Wipro Infosys Nike Vans, Cognizant Technology Solutions Hallmark Microsoft Northrop Grumman FedEx Freight Dutch, Coffee, Walt Disney Company Apple, CNBC, Employees Locations: Oklahoma City, New York, California

☆ WTA roundup: Russian teen wins opener at Guangzhou
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

Shnaider won six straight games in the first set and came back from a 2-0 hole in the second set to win in 75 minutes. Denmark's Clara Tauson eliminated Fruhvirtova 6-2, 7-6 (6). In other second-round matches, Martina Trevisan upset 15th-seeded Jasmine Paolini 7-5, 6-2 in an all-Italian matchup, and seventh-seeded Veronika Kudermetova of Russia downed Canada's Eugenie Bouchard 6-2, 6-7 (4), 6-4. Colombia's Emiliana Arango knocked out 11th-seeded Russian Anastasia Potapova 6-4, 6-3, and Italy's Camila Giorgi defeated Egypt's Mayar Sherif, the No. 14 seed, 7-5, 6-3.

Persons: Maria Sakkari, Russia's Diana Shnaider, Carl Recine, Diana Shnaider, Claire Liu, Shnaider, Liu's, Linda Fruhvirtova, Denmark's Clara Tauson, Magda Linette, Jodie Burrage, Minnen, Harriet Dart of, Akron Hailey, Karolina Pliskova, Baptiste, Pliskova, Martina Trevisan, Jasmine Paolini, Veronika Kudermetova, Canada's Eugenie Bouchard, Victoria, Caroline Dolehide, Emma Navarro, Sofia Kenin, Sachia Vickery, Colombia's Emiliana Arango, Anastasia Potapova, Italy's Camila Giorgi, Egypt's Mayar Sherif Organizations: Melbourne, Guangzhou, Harriet Dart of Great Britain, Guadalajara, Akron, D.C, WTA, Victoria Azarenka, Thomson Locations: Melbourne, Australia, China, Czech Republic, Poland, Britain, Spain, Belgium, Harriet Dart of Great, Akron Hailey Baptiste, Washington, Guadalajara, Mexico, Russia, Belarus, United States

☆ The 40-hour workweek started with autoworkers—now they're trying to make 32 hours the new norm
▼ + stars: | 2023-09-19 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

United Auto Workers (UAW) members on a picket line outside the Stellantis NV Toledo Assembly Complex in Toldeo, Ohio, US, on Monday, Sept. 18, 2023. Thousands of United Auto Workers members are striking against three major Detroit automakers — Ford, GM and Stellantis — at plants across the U.S. Autoworkers at Ford Motor Company were among the first to adopt a five-day, 40-hour workweek in 1926 at a time when people regularly topped 100 hours per week. By 1938, the Fair Labor Standards Act cut the workweek to 44 hours, then down to 40 hours two years later. "I think it will move the public toward thinking the four-day workweek is the appropriate workweek," Creighton says.

Persons: —, Stellantis, Shawn Fain, That's, Cathy Creighton, they'd, Jonathan Cutler, Creighton Organizations: United Auto Workers, UAW, Stellantis NV, Detroit, — Ford, GM, Labor, Cornell University's Industrial, Labor Relations Buffalo Co, National Labor Relations Board, Ford Motor Company, Fair Labor, Wesleyan University, NPR, Cathy Creighton Cornell University ILR Locations: Stellantis NV Toledo, Toldeo , Ohio, U.S

☆ 35-year-old CEO dumped his ‘pretty good’ startup—and built a $1.4 billion business instead
▼ + stars: | 2023-09-18 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +6 min

Sometimes, you need to recognize that pretty good isn't good enough. A decade ago, they were on a completely different track — running a voice recognition startup called Sonalight. It was "a version of [Apple's] Siri before Siri even existed," Skates, Amplitude's 35-year-old CEO, tells CNBC Make It. Skates: There's always that risk when starting something new, but it actually wasn't that hard of a decision for us. They want to do it only if there's a clear path to success and there's validation along the way.

Persons: Spenser, Curtis Liu, Siri, Liu, Sonalight, it's, they'd, Jeffrey Wang, we'd, let's Organizations: CNBC, MIT, Google, Engineers Locations: Sonalight

A parking bay reserved for electric car charging can be seen on display in London, Britain, October 19, 2018. REUTERS/Simon Dawson/File photo Acquire Licensing RightsSINGAPORE, Sept 18 (Reuters) - Fully electric refrigerated trucks for delivering food and pharmaceuticals are expected to give a Singapore-based startup the edge to crack into the crowded Chinese electric vehicle (EV) market. A viable cold storage electric vehicle could be a lucrative niche for Singauto inside the Chinese EV market, the world's largest. The constraint has slowed the adoption of pure electric trucks by cold-chain fleet operators, though automakers including Geely (GEELY.UL) and Toyota (7203.T) offer hybrid models and hydrogen-powered trucks as alternatives. Liu said Singauto can turn profitable with sales of 30,000 trucks, in part because it has outsourced the design, engineering and manufacturing of the vehicle.

Persons: Simon Dawson, Liu Yuqiang, Liu, China's CATL, Wang Xun, ” Wang, We're, Chen Aizhu, Kevin Krolicki, Zhang Yan, Miyoung Kim Organizations: REUTERS, Rights, Singauto Technology, Reuters, EV, Toyota, Shanghai, Automotive Technology, Cynergy Global Investment, Thomson Locations: London, Britain, Rights SINGAPORE, Singapore, Beijing, Qingdao, Southeast Asia, China, U.S, Asia

☆ Foxconn aims to double jobs, investment in India over next 12 months
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-A woman drives past the logo of Foxconn outside the company's building in Taipei, Taiwan November 9, 2022. REUTERS/Ann Wang/File Photo Acquire Licensing RightsSept 17 (Reuters) - Apple (AAPL.O) supplier Foxconn (2317.TW) aims to double its workforce and investment in India by next year, a company executive said on Sunday. Foxconn already has an iPhone factory in the state of Tamil Nadu, which employs 40,000 people. In August, the state of Karnataka said Foxconn will invest $600 million for two projects in the state to make casing components for iPhones and chip-making equipment. The company's Chairman Liu Young-way said in an earnings briefing last month that he sees a lot of potential in India, adding: "several billion dollars in investment is only a beginning".

Persons: Ann Wang, V Lee, Narendra Modi's, Foxconn, Liu Young, Shivani Tanna, Susan Fenton Organizations: REUTERS, Indian, Thomson Locations: Taipei, Taiwan, India, China, Tamil Nadu, Karnataka, Bengaluru

☆ These are the top 10 states for young workers to find jobs, live affordably and have fun
▼ + stars: | 2023-09-17 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

And according to one report, Massachusetts is the best state that offers young workers plenty of jobs, affordable living and fun amenities. The New England state ranks No. These are the top 10 states for young workers to find jobs, live affordably and have fun, according to Scholaroo:Massachusetts Rhode Island New Hampshire Maryland Connecticut Vermont Washington Minnesota New Jersey OregonMassachusetts, in particular, ranks highly for jobs, health and workplace diversity factors, but trails in its affordability. It also ranks highly safety, workplace diversity and leisure, but scores lowest on the jobs front. The Scholaroo analysis also ranks states by subcategories across jobs, finances and lifestyle aspects.

Organizations: U.S . Labor Department, Census, Scholaroo : Massachusetts Rhode, Scholaroo : Massachusetts Rhode Island New Hampshire Maryland Connecticut Vermont, Rhode, South :, CNBC Locations: Massachusetts, New England, Scholaroo, Scholaroo : Massachusetts, Scholaroo : Massachusetts Rhode Island New Hampshire Maryland, Scholaroo : Massachusetts Rhode Island New Hampshire Maryland Connecticut Vermont Washington Minnesota New Jersey Oregon Massachusetts, New York, California, New Hampshire, U.S, North Dakota, Hawaii, South, South : West Virginia , Mississippi , Alabama, Louisiana, Oklahoma

The instruction by TSMC, which is grappling with delays at its $40 billion chip factory in Arizona, is aimed at controlling costs and reflects the company's growing caution about the outlook for demand, the sources said. Suppliers currently expect the delay to be short-term, the sources said, declining to be named as the information is not public. Companies affected by the instruction to delay include Dutch firm ASML (ASML.AS), which makes lithography equipment essential for high-end chipmaking, one of the sources said. ASM International (ASMI.AS), a smaller equipment firm that is also a supplier to TSMC, fell 4.2% with BE Semiconductor (BESI.AS), a packaging equipment firm, down 2.4%. CHIP CYCLE WORRIESThe Taiwanese chip giant is not alone in worrying a bounce back in demand may take longer than expected.

Persons: Dado Ruvic, TSMC, chipmaker, C.C, Wei, Peter Wennink, We've, Wennink, they're, Mark Liu, Sam Nussey, Fanny Potkin, Toby Sterling, Miyoung Kim, Stephen Coates Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Suppliers, Reuters, ASM, BE Semiconductor, Apple, Media, Huawei, Analysts, chipmaker Semiconductor Manufacturing International Corp, HK, Thomson Locations: TOKYO, SINGAPORE, AMSTERDAM, Arizona, China, Taiwan, Beijing, Washington, Tokyo, Singapore, Amsterdam

☆ Sino Ocean: China property woes deepen as a big developer suspends debt payments
▼ + stars: | 2023-09-15 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A major Chinese property company has suspended offshore debt payments, deepening turmoil in the beleaguered sector. Property sales by floor area dropped 7.1% in the January to August months, compared to the first eight months of 2022. On Thursday, Moody’s downgraded its outlook for the overall sector, citing a downturn in residential sales and continued jitters about the health of the industry. In June and July, nationwide property sales fell around 20% compared to the same period a year before, it said in a report. This reversed “the 11.9% growth for the first five months, reflecting renewed weakness in residential property,” the agency added.

Persons: Houlihan Loukey, Sidley Austin, Moody’s, — CNN’s Juliana Liu Organizations: Hong Kong CNN, Hong, National Bureau, Statistics, China SCE Group Locations: China, Hong Kong, Sino, Beijing

CNN —China appears to have suspended its surveillance balloon program following a major diplomatic incident earlier this year, when one of the country’s high-altitude spy balloons transited the United States, multiple sources familiar with US intelligence assessments told CNN. The apparent suspension of the program comes as both the US and China have sought to stabilize an increasingly tense relationship. The US assessed at the time that the spy balloon was part of an extensive surveillance program run by the Chinese military, CNN has previously reported. “We believe that (the balloon) did not collect while it was transiting the United States or flying over the United States, and certainly the efforts that we made contributed,” Pentagon Press Secretary Brig. The more sensitive radar systems led the US military to spot more unidentified objects in US airspace, however, leading to three additional shootdowns of unidentified high-altitude objects in the weeks following the Chinese balloon incident.

Persons: Liu Pengyu, majeure, ” Liu, Joe Biden, Xi Jinping, Xi “, Xi, ”, Biden, Antony Blinken, Nancy Pelosi, enraging Xi, Christopher Johnson, Johnson, ’ ” Johnson, Pat Ryder Ryder, Trump, Glen VanHerck Organizations: CNN, Communist Party, US, Economic Cooperation, CIA, Center for Strategic, International Studies, Foreign Ministry, FBI, Pentagon, Northern Command, North American Aerospace Defense Command Locations: China, United States, American, Beijing, Taiwan, Hainan, Alaska, Canada, Idaho, Montana, Asia, San Francisco, United

☆ Striking auto workers want a 40% pay increase—the same rate their CEOs' pay grew in recent years
▼ + stars: | 2023-09-15 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

The union proposed 40% hourly pay increases over the next four years. Meanwhile, Ford CEO Jim Farley earned $21 million in total compensation last year, the Detroit News reported. Stellantis CEO Carlos Tavares made $24.8 million, according to the Detroit Free Press. And GM CEO Mary Barra earned nearly $29 million in 2022 pay, Automotive News reported. CEO pay at the Big Three has grown 40% in the last decade, according to EPI — in line with the UAW's demands for 40% pay increases for autoworkers.

Persons: Autoworker, Jim Farley, Carlos Tavares, Mary Barra, Josh Bivens, EPI, Shawn Fain, Ford, Barra Organizations: United Auto Workers, Detroit, Ford, GM, CNBC, Bureau of Labor Statistics, CBS, Detroit News, Detroit Free Press, Automotive News, NPR, autoworkers, UAW

☆ Confidence and policy-making are in a deflationary status in China, says CFR fellow
▼ + stars: | 2023-09-14 | 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 EmailConfidence and policy-making are in a deflationary status in China, says CFR fellowZongyuan Zoe Liu, Fellow at the Council on Foreign Relations, discusses business activity, economic recovery, and political tensions in China.

Persons: Zoe Liu Organizations: Council, Foreign Relations Locations: China

☆ China economy: data improves in August
▼ + stars: | 2023-09-14 | by ( Juliana Liu | ) edition.cnn.com time to read: +1 min

Hong Kong CNN —Economic activity in China appeared to improve in August, with data released on Friday suggesting a downturn in growth may be stabilizing. The outcome beat the expectations of a group of economists polled by Reuters. Retail sales, which measures consumption, expanded by 4.6% from a year earlier, compared to the tepid 2.5% increase reported in July. The economy is currently grappling with weak export demand from global markets and an ongoing property crisis. -— This is a developing story and will be updated.

Organizations: Hong Kong CNN, National Bureau of Statistics, Reuters, Retail, Investment Locations: Hong Kong, China

☆ Avoid this common job interview tip, says recruiter who’s screened over 10,000 candidates: It’s ‘the worst advice’
▼ + stars: | 2023-09-14 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

"When you ask questions at the end of your interview and ask your interviewer, "Do you have any hesitations about my candidacy?' That is the worst advice," says Farah Sharghi, who estimates she's conducted more than 10,000 interviews at companies like Google, Lyft and TikTok. It's smart to come prepared with questions for your interviewer when they inevitably ask if you have any. But one question often floated as a way to make yourself stand out could actually end your interviews prematurely. Maybe the interviewer was thinking, 'Well, I actually really liked this person, but now you've introduced hesitancy into my head.'"

Persons: Farah Sharghi, she's, Sharghi, wasn't Organizations: Google

A company logo of Shanghai Futures Exchange is displayed at a booth during LME Week Asia in Hong Kong, China June 14, 2016. REUTERS/Bobby Yip Acquire Licensing RightsBEIJING/LONDON, Sept 13 (Reuters) - The Shanghai Futures Exchange (ShFE) is looking into the possible launch of nickel futures for international use, a potential challenge to the London Metal Exchange's (LME) contract, five sources with knowledge of the matter told Reuters. Average daily LME nickel volumes plunged because of the crisis. CME Group (CME.O) is also looking to launch a nickel contract that would settle against prices gathered from a platform to be launched by British-based Global Commodities Holdings (GCH). CME did not respond to a request for an update on its plans for a nickel contract.

Persons: Bobby Yip, ShFE, Nickel, GCH, Pratima Desai, Siyi Liu, Julian Luk, Veronica Brown, Alexander Smith Organizations: Shanghai Futures, REUTERS, Rights, Shanghai Futures Exchange, London, Reuters, International Energy Exchange, CME, Global Commodities Holdings, Thomson Locations: Asia, Hong Kong, China, Rights BEIJING, LONDON, British, Singapore, Abaxx

☆ Chinese titanium producers expect boost from new iPhone
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Stephanie Lecocq Acquire Licensing RightsBEIJING, Sept 13 (Reuters) - China's titanium producers said on Wednesday they expect stronger demand for the lightweight metal after the launch of a new model of Apple's iPhone with a titanium shell. China accounts for more than 60% of the 240,000 metric tons of titanium and titanium alloys produced globally each year, according to the CNIA. A consumer product "monster" such as the iPhone would help bring wider adoption of titanium in new industries, replacing materials like stainless steel, he added. The titanium shell on the new iPhone is made with an alloy known as Grade 5 Titanium that also contains small amounts of aluminium and vanadium, according to three Chinese titanium producers. "There's a technical barrier to produce titanium alloys and international enterprises such as Apple require high standards.

Persons: Stephanie Lecocq, Zhao Wei, Zhao, Foxconn, Ningwei Qin, Amy Lv, Siyi Liu, Dominique Patton, Sharon Singleton Organizations: Apple, REUTERS, Rights, China Nonferrous Metals Industry Association, Ningwei, Thomson Locations: Lille, France, Rights BEIJING, China

☆ 27-year-old who’s been laid off 3 times in 3.5 years: A 9-to-5 is ‘a false sense of security’
▼ + stars: | 2023-09-13 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

By mid-2022, however, boom times at her company were beginning to deflate, and the business went through a big round of layoffs. She was offered the job of senior content marketing manager and started her new job in January 2023. The 9-to-5 offers 'a false sense of security'Rappaport stayed busy as the newest member of the company's four-person marketing team. It's also shifted her career plans: "It is a bit of a false sense of security, the whole 9-to-5 thing," she adds. Don't miss: 32-year-old tech worker got a $54,000 pay bump without looking for a new job—here’s howBuilding security into her next career move

Persons: Rachel Rappaport, Rappaport, Josh Rappaport, didn't, it's, It's Organizations: New, CNBC Locations: New York City, U.S

☆ Wang Bin: Chinese insurance boss sentenced to life in jail for corruption
▼ + stars: | 2023-09-13 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Wang Bin, the former chairman of one of China’s biggest life insurers, will spend the rest of his life in jail after a court found him guilty of corruption. Wang was accused of taking the bribes between 1997 and 2021, when he headed a number of state-owned financial institutions, including China Life Insurance, China’s Bank of Communications and China Taiping Insurance. “The amount of bribes Wang Bin accepted was particularly huge, the circumstances of the crime were particularly serious and the social impact was particularly bad,” the ruling said. He is the latest top executive to become ensnared in President Xi Jinping’s anti-corruption crackdown on the country’s $56 trillion financial sector. The sentence came more than a year after Wang, who was also the top Communist Party official at China Life, was investigated by the party’s top anti-graft agency.

Persons: Hong Kong CNN — Wang Bin, Wang, Wang Bin, Xi Jinping’s, Li Xiaopeng, Liu Liange, Bao Fan, Xi Organizations: Hong Kong CNN, China Life Insurance, China’s Bank of Communications, China Taiping Insurance, Communist Party, China, China Everbright, Bank of China Locations: China, Hong Kong, Jinan, China’s, Shandong, United States

☆ Wealthy families pile into bonds, private equity while shedding stocks - Citi
▼ + stars: | 2023-09-12 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +2 min

REUTERS/Chris Helgren/File Photo/File Photo Acquire Licensing RightsNEW YORK, Sept 12 (Reuters) - Wealthy families loaded up on bonds and private equity investments in the first half of the year while slashing their stock exposure, according to a survey by Citigroup's (C.N) private bank. More than half of the 268 family offices polled, accounting for a combined net worth of $565 billion, increased their allocations in fixed income, while 38% boosted their private equity holdings. Investors sought out private equity investments in the first half while the market for initial public offerings (IPOs) stayed sluggish. But the private equity investments are more conservative now than in previous years. The family offices surveyed had an average portfolio allocations that included 22% in both public and private equities respectively, 16% fixed income and 12% cash.

Persons: Chris Helgren, Hannes Hofmann, Ida Liu, Tatiana Bautzer, Lananh Nguyen, Stephen Coates Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, Treasury, Citi Private Bank, Citi's Private Bank, Thomson Locations: Toronto , Ontario, Canada, U.S, China

☆ You probably shouldn't use AI to send texts to your friends — unless you want them to find you inauthentic and insincere — a new study found.
▼ + stars: | 2023-09-12 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

People who received a message crafted by AI from a friend were "less satisfied" with their relationship. A new study from The Ohio State University found that people felt there was a lack of sincerity in such relationships. It found that participants felt that a friend who used AI didn't put in as much effort as a friend who wrote the message themselves. Some were told Taylor used an AI system to tweak the message; others were told a member of a writing group made edits, and the final group was told Taylor edited her own message. "People want to know how much you are willing to invest in your friendship and if they feel you are taking shortcuts by using AI to help, that's not good," Liu explained.

Persons: didn't, Bingjie Liu, Taylor, that's, Liu Organizations: The Ohio State University, Service, Ohio State University Locations: Wall, Silicon

Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. In the past five months the improvement has been tremendous," TSMC Chairman Mark Liu said of the Arizona project last week. The $40 billion investment in Arizona allows TSMC to add capacity outside Taiwan, where it faces constraints on land, power, water and labour. "A lot of machines cannot be shut down because it costs TSMC to recalibrate on rebooting," said a chip industry executive. While many equipment and materials makers already have global operations, to meet its exacting standards TSMC has also brought suppliers to Japan from Taiwan, the sources said.

Persons: Ann Wang, TSMC, Mark Liu, Lucy Chen, Brady Wang, Sam Nussey, Fanny Potkin, Sarah Wu, Miho Uranaka, Jamie Freed Organizations: Taiwan Semiconductor Manufacturing, REUTERS, TSMC, Reuters, Isaiah Research, Sony, Ministry, Economy, Trade, Industry, Thomson Locations: Hsinchu, Taiwan, Japan, TOKYO, SINGAPORE, TAIPEI, Arizona, Kyushu, U.S, Germany, TSMC

☆ Just 1 in 4 college seniors plan to negotiate their first salary—It ‘should always be on the table,' says career expert
▼ + stars: | 2023-09-11 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +1 min

The class of 2024 longs for both job and financial security — and those priorities may be at odds when they negotiate the pay for their first jobs out of college. Some 3 in 4 college seniors graduating next year say they're unsure whether they plan to negotiate their starting pay, that it will depend on the offer, or they're outright not planning to have the discussion, according to Handshake's latest survey of 1,148 students in the class of 2024. Students say their main reason for not negotiating is they're worried an employer may rescind their offer if they do, followed by concerns that doing so will leave a bad impression. The remaining 1 in 4 students say they "definitely" plan to negotiate. But the fear of negotiating is "at odds" with many students' need for financial security, Williams adds.

Persons: Monne Williams, Williams

"I used to love buying branded clothes," said teacher Zhang as she sifted through a pile of garments priced between 15 and 50 yuan ($2-$7). With wages and pensions hardly budging and the job market highly uncertain as more than one in five young Chinese remain unemployed, households' confidence and spending power are low in the barely growing economy. The real estate sector, one of the pillars of the economy, is struggling with massive debt. "One of my customers is a rich woman who used to go to Japan for shopping, but now she comes to my store," said Wang. ($1 = 7.3179 Chinese yuan renminbi)Additional reporting by Winni Zhou in Shanghai; editing by Marius Zaharia and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Amy Zhang, Zhang, Becky Liu, Gucci, Kering, Lu, Yunshan, I've, Wang, Winni Zhou, Marius Zaharia Organizations: Standard Chartered, Thomson Locations: BEIJING, HONG KONG, China, LVMH, Japan, Shanghai

☆ Hengli Petrochemical subsidiary eyes nearly $2 bln restructuring
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

Under the restructuring, Kanghui will effectively become a separately listed company via transactions involving power and heating firm Dalian Thermal Power (600719.SS), which will buy 100% of Kanghui for 10.15 billion yuan ($1.39 billion) in shares. This will optimize Kanghui's structure and expand its funding channels, Hengli said in a filing to the Shanghai stock exchange. Hengli also said it will become indirect controlling shareholder of Kanghui after the transaction, retaining its control over the firm. Dalian Thermal will issue 2.3 billion shares to Hengli and a unit of the company which makes chemical fibre, said the filing. The transactions will change Dalian Thermal's controlling shareholder from a firm backed by the state asset regulating authority in the city of Dalian to Hengli Petrochemical, Dalian Thermal said.

Persons: Kanghui, Hengli, Roxanne Liu, Ella Cao, Kane Wu, David Holmes Organizations: Hengli Petrochemical, Technology, Dalian Thermal Power, Dalian Thermal's, Dalian, Thomson Locations: Dalian, Kanghui, Shanghai

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