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LONDON (AP) — The British economy flatlined in the third quarter of the year, official figures showed Friday ahead of a budget statement from the government later this month. Despite the uninspiring headline figure, the quarterly outcome was slightly ahead of analysts' expectations for a modest decline in output. The British economy, like many others particularly in the world, is struggling to grow in the face of higher interest rates, which are aimed at taming inflation. Higher interest rates — which cool the economy by making it more expensive to borrow, thereby bearing down on spending — have contributed to bringing down inflation worldwide. Treasury chief Jeremy Hunt said a budget statement he will deliver on Nov. 22 will focus on how to “get the economy growing healthily again by unlocking investment.”

Persons: Jeremy Hunt, “, ” Organizations: National Statistics, Bank of England, Bank of, Conservative Party, Treasury Locations: Ukraine

☆ U.K. Economy Stagnates as High Interest Rates Take Toll
▼ + stars: | 2023-11-10 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com time to read: +4 min

The services sector contracted last quarter as the highest interest rates since 2008 have weighed on the housing industry. Britain’s weak economy mirrors the stagnation in Europe, where eurozone economies contracted 0.1 percent in the third quarter. Across the region, high interest rates intended to drive down inflation are weakening economic activity, with demand for loans dropping and consumer spending slowing. This contrasts with the United States, where the economy is growing strongly and defying expectations for a slowdown prompted by high interest rates. This weak outlook is driven by high interest rates, which are expected to have an increasingly heavy toll on the economy.

Persons: ”, Stephen Millard, Jeremy Hunt, Hunt Organizations: Bank of England, National Institute of Economic, Social Research Locations: Europe, United States, Germany

☆ UK economy flatlines as finance minister decries inflation drag
▼ + stars: | 2023-11-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

The U.K. economy flatlined in the third quarter, initial figures showed Friday. Services sector output dropped 0.1% on the quarter, but the decline was offset by a 0.1% increase in construction performance, while the production sector flatlined. U.K. Chancellor of the Exchequer Jeremy Hunt said high inflation remains the "single greatest barrier to economic growth" in the country, with the consumer price index remaining at 6.7% year-on-year in September. While somehow avoiding a recession this year, today's no growth reading means the UK economy is flatlining with only 0.2% economic growth in the last six months." As the Bank of England stated earlier this month that more than half of the impact of higher interest rates on the level of GDP is still to come through, the U.K. economy faces growing headwinds as we approach 2024."

Persons: Jeremy Hunt, Hunt, Lindsay James Organizations: Gross, Services, Chancellor, Quilter Investors, Bank of England Locations: Canary, London, U.K

☆ Billionaire Daniel Lubetzky shares his No. 1 tip for success: Most people 'are just too afraid to' do it
▼ + stars: | 2023-10-26 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

Daniel Lubetzky, billionaire founder of Kind Snacks, attributes his success to a simple decision: surrounding himself with people who feel comfortable giving him honest, raw feedback. Lubetzky founded Kind Snacks in 2004, initially running it on a shoestring budget before accepting roughly $16 million of outside funding in 2008. Just over a decade later, Kind was acquired by food giant Mars for a reported $5 billion in 2020. "Environments that discourage hearty debate are shockingly common," Lubetzky says. You should also prioritize people who are "kind" over people who are "nice," Lubetzky says.

Persons: Daniel Lubetzky, Lubetzky, —, Forbes, Rick Nucci, Nucci Organizations: CNBC

☆ Couple had $18 in the bank when they started their company—now they have millions in revenue and a $400,000 'Shark Tank' deal
▼ + stars: | 2023-10-23 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

When James and Johanna Windon launched Buena Papa two years ago, they had just $18 in their bank account. Now, they bring in millions of dollars in annual revenue across three North Carolina restaurant locations, they said on Friday's episode of ABC's "Shark Tank" — during which they landed a $400,000 investment offer from millionaire entrepreneur Robert Herjavec. Despite no prior restaurant experience, the pair "invested our life savings [of] $40,000," leaving just $18 behind, James said. Mark Cuban opted out, citing the difficulty of simultaneously operating restaurant locations and overseeing any number of franchisees. That left Robert Herjavec, who offered the Windons $400,000 for 20% of Buena Papa.

Persons: James, Johanna Windon, Robert Herjavec, Johanna, we're, bootstrapping, They'd, haven't, Mark Cuban, Kevin O'Leary, Barbara Corcoran, Lori Greiner, Corcoran, Herjavec Organizations: Buena Papa, Colombian, Buena, CNBC, Global Locations: Carolina, Buena Papa —, Mexican, Puerto Rican, Raleigh, Colombia, Miami, French, Buena Papa, Raleigh , North Carolina, United States

☆ This AI entrepreneur fasts for 23 hours a day. He says it helps him get to the 'most extreme levels.'
▼ + stars: | 2023-10-21 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe founder of an AI platform says he eats the same meal every day because it helps him perform at his peak. Michael Koch generally fasts for 23 hours a day, eating around noon. Once a week, though, he fasts for 48 hours, and once a month, he fasts for 72 hours. AdvertisementAdvertisementHe'll have another cup of coffee with collagen around 2 pm, and by 5 pm, finish another 85 ounces of water.

Persons: Michael Koch, —, " Koch, Koch, Here's, he's, Mane Organizations: Service

☆ It could take a decade for other automakers to catch Tesla — and none are 'leading contenders' just yet, experts say
▼ + stars: | 2023-10-19 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . EV sales are growing — they hit a record 300,000 sales in the US by Q3 — but it's happening at a less rapid pace than many in the industry were anticipating. Pricing, lacking infrastructure, and macroeconomic factors will continue to influence buyers' uptake of EVs other than Teslas, the Cloud Theory report said. As such, Cloud Theory experts say: "No company — not even Tesla — is guaranteed a seat at the head table."

Persons: Tesla, —, Theory, Elon, Rick Wainschel, It's Organizations: Service, Cox Automotive, Ford, Chevrolet, EV, Manhattan Locations: China

☆ Goal-setting can set you up for failure—experts share 2 simple alternatives
▼ + stars: | 2023-09-28 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

At some point in your life, you've probably set a goal. Even setting a goal in the first place can limit you, according to Wharton organizational psychologist Adam Grant. People who set goals and stubbornly stick to them are "not seeing the dimension of possibilities," Ulukaya said on Grant's podcast in July. Of course, some parts of goal setting are highly valuable. Setting goals and thinking about self-optimization tactics can clutter your mind, unintentionally distracting you from the task at hand, he tells CNBC Make It.

Persons: Emmanuel Acho, you've, Adam Grant, Grant, Hamdi Ulukaya, James Clear, Ulukaya, Francis Sanzaro, Sanzaro Organizations: New York Times, CNBC Locations: Austin , Texas

☆ Carousell says it's 'on track' to profitability, plans to reduce losses this year
▼ + stars: | 2023-09-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Secondhand goods marketplace Carousell expects to "healthily" reduce its losses this year, putting it on track to profitability, the firm's CEO told CNBC. And I think in a very promising sign, we actually are going to be healthily reducing our losses this year as well," said Quek Siu Rui, co-founder and CEO of Carousell said Monday, adding that the firm is "on track" with its plan to profitability. In 2022, the Singapore-based company posted $82.5 million in revenue, a 67% jump from the year before, according to regulatory filings. The Singapore-based firm was founded in 2012 as an online classified advertisements marketplace where users can list and sell their used goods for money. Research shows that the global circular economy — which seeks to reduce waste and promote recycling and reusing — could generate $4.5 trillion in additional economic output by 2030.

Persons: Siu Rui, Carousell, Quek Organizations: CNBC, Research Locations: Singapore

☆ We'll be 'healthily reducing' our losses this year, Carousell CEO says
▼ + stars: | 2023-09-25 | 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 EmailWe'll be 'healthily reducing' our losses this year, Carousell CEO saysQuek Siu Rui, CEO and co-founder of the Singapore-based online marketplace for secondhand goods, says "the best advice that we've gotten is to stay really focused on a few critical priorities."

Persons: Carousell, Quek Siu Rui, we've Locations: Singapore

☆ Electric cars are breaking sales records, but here’s why they’re not replacing gas cars anytime soon
▼ + stars: | 2023-08-20 | by ( Christopher Hickey | ) edition.cnn.com time to read: +5 min

More shoppers are choosing electric vehicles so far this year than ever, according to vehicle sales data from Cox Automotive. While EV sales have been growing healthily for the past couple of years, that trend has accelerated this year. The electric vehicle market is entering into a transition period, she said. The average electric vehicle price in July was $53,469, according to Kelley Blue Book, versus an average price of $48,334 across all vehicles. But the number of charging stations still lags behind what is needed to support a wider-scale adoption of electric vehicles.

Persons: Cox, That’s, ”, Stephanie Valdez, Streaty, Chevrolet Bolt, Rivian, BEV, “ We’ve, ” Valdez, Price, Kelley, “ Organizations: Cox Automotive, EV, Streaty, CNN, Alliance for Automotive Innovation, Tesla, Volkswagen, Valdez, US Energy, Ford, EV considerers, US Department of Energy, Alliance, Automotive, Quarterly, California Energy Commission, AAI, District of Columbia, California Air Resources Board Locations: Valdez, California

☆ Rare walrus calf rescued in Alaska after wandering alone currently under 24/7 cuddle care
▼ + stars: | 2023-08-06 | by ( Sara Smart | ) edition.cnn.com time to read: +2 min

CNN —A rare walrus calf is under 24/7 cuddle care after he was found wandering alone in northern Alaska last week. The Pacific walrus calf, estimated to be about a month old, arrived at the Alaska SeaLife Center on August 1 after being spotted on Alaska’s North Slope, about four miles inland from the Beaufort Sea, according to the Alaska SeaLife Center. The walrus is receiving cuddle care after he was found in an unusual spot in Alaska. The calf was moved to a warehouse, where he stayed overnight under constant watch, and then transported by plane to the Alaska SeaLife Center facility. The walrus remains under constant care while he continues to eat well and remains alert, the center said in an update posted to its Facebook page on Saturday.

Persons: walruses Organizations: CNN, Alaska SeaLife Center, Officials, Alaska . Alaska SeaLife Locations: Alaska, Beaufort, Alaska . Alaska

☆ How Abu Dhabi's $276 billion Mubadala sovereign wealth fund is investing in software in the new age of AI
▼ + stars: | 2023-07-26 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

Ali Osman, head of technology and software investments at Abu Dhabi's giant Mubadala sovereign wealth fund, has invested steadily through it all and is not shying away from putting more money to work. He and his team focus on business software and specialize in private equity, making direct buyout investments and indirect bets through major PE firms. Osman works with many of the biggest and most successful PE firms in the tech space, including Thoma Bravo, TPG and Bain Capital. AI uncertainty and dataThe generative AI boom, and the rise of large language models, has introduced a major new variable to software investing. The other bottleneck is capital, basically the cash available to invest in software businesses.

Persons: Ali Osman, Mubadala, Osman, Thoma Organizations: Abu, Thoma Bravo, TPG, Bain Capital, Vista Equity Partners, PE Locations: Morocco, SalesLoft, mindspace

☆ This man is traveling the world on non-motorized transport
▼ + stars: | 2023-06-19 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +12 min

Not even an elevator,” Pukonen says of his epic adventure, which has seen him travel around 80,000 kilometers without using motorized transport. Ambitious questAdventurer Markus Pukonen has spent over seven years traveling the world using non-motorized transport. Before beginning the trip, Pukonen founded nonprofit organization Routes of Change, with the aim of raising funds and awareness for small social and environmental organizations throughout his journey. “So the fact that what I’m doing is such a crazy, astonishing thing [to some people] is really, really bizarre to me. Although Pukonen has used almost every form of non-motorized transport possible during the journey, he says there’s nothing quite like traveling on water.

Persons: Markus Pukonen, Pukonen, he’d, “, it’s, ”, he’s, ” Pukonen, Randy Mitson, ’, “ I’ve, ” He’s, “ I’m Organizations: CNN, CNN Travel, Children’s, Swift, Toronto Locations: Toronto, rafted, Mississippi, Canada, Lake Ontario, Columbia, Washington, Hawaii, Macau, Vietnam, kayaked, Indonesia, Canadian, Winnipeg, Tofino, Vancouver Island, India, Seychelles, Tanzania, Mozambique, South Africa, Brazil, Florida, Savannah , Georgia, North America's, Superior, Georgia, Maine, Hudson, New York, Caribbean, Tobago, Asia, Pukonen, British Columbia

☆ Weight-loss surgery is becoming more common among children and teens, new research shows
▼ + stars: | 2023-05-30 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +3 min

CNN —Millions of children and teens live with obesity in the United States, and weight-loss surgery is becoming a more common way to treat it, new research shows. The trend held strong in the first two years of the Covid-19 pandemic, even as the number of weight-loss surgeries among adults dipped. Between 2020 and 2021, the number of weight-loss surgeries among youth jumped 19%. Childhood obesity is more prevalent among certain populations, including Black and Hispanic youth, according to the CDC. The new data shows that weight-loss surgery increased more than twice as much as average among these populations, up 42% among Back youth and 53% among Hispanic youth between 2020 and 2021.

☆ Is there a 'right' age for kids to be on social media? 'I certainly don't think anyone under 13' should use it, expert says
▼ + stars: | 2023-05-26 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

What's the best age for kids to start using social media? Surgeon General Vivek Murphy that social media presents a "profound risk" for the mental health of adolescents and teens. Murphy's warning, which came with recommendations for how the tech industry can revamp social media platforms to make them safer, follows a similar health advisory issued by the APA earlier this month. That's easier said than done, especially when all your kids' friends have social media accounts. "We have no psychological science demonstrating that kids will suffer for not being on social media," Prinstein says.

☆ Carlyle has a secret weapon for training its top leaders: a four-star Navy Admiral who led thousands of sailors into battle and captured cocaine-filled cartel submarines
▼ + stars: | 2023-04-27 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +12 min

James Stavridis, a retired Navy Admiral, is leading a new leadership program for Carlyle partners. Now, he's leading a new training course for the firm's partners called the Admiral Leadership Program. James Stavridis, a retired four-star Admiral, served in the Navy for 37 years before joining Carlyle in 2018. Inside Carlyle's first training program for partnersAbout 15 partners at Carlyle, from ESG to credit and tech, are participating in the Navy admiral's leadership program. Anna Tye, a partner on Carlyle's technology investing team, is also part of the leadership program.

☆ Microsoft, Amazon face cloud competition probe as UK regulator raises alarm
▼ + stars: | 2023-04-05 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Ofcom said it received evidence showing Microsoft makes it less attractive for customers to run its Office productivity apps on cloud infrastructure other than Microsoft Azure. Microsoft and Amazon were accused by U.K. regulators Wednesday of unfairly restricting competition in the cloud services market, in a significant development that could ultimately lead to an antitrust investigation into their business practices. Ofcom, the British media watchdog, published the initial findings of a market study examining the massive cloud services market. Ofcom opened a review into the sector in September, seeking to find whether firms offering public cloud infrastructure pose any barriers to competition. The regulator proposed referring the case for further investigation by the Competition and Markets Authority, the U.K. regulator tasked with ensuring markets are healthily competitive.

☆ Top analysts are bullish on these five long-term picks
▼ + stars: | 2023-04-02 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Rakesh holds the 94th position among more than 8,000 analysts followed on TipRanks. The analyst ranks 439th among more than 8,000 analysts followed on TipRanks. The analyst remains bullish on the stock and raised his price target to $134 from $128, as he continues to see a "meaningful upside." Santarelli holds the 27th position among more than 8,000 analysts on TipRanks.

☆ I paid $27,000 for leg-lengthening surgery to change the way I see myself. I used to feel like a child when I wore a suit and I couldn't bear jokes about my height.
▼ + stars: | 2023-03-05 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +7 min

After his leg-lengthening surgery, Alğan founded a Turkey-based clinic offering the same procedure. Courtesy of WannabetallerAfter two rounds of leg-lengthening surgery, Alğan added 5 inches to his height. Alğan said the surgery changed his perspective so much that he quit his job as a counselor and founded his own Turkey-based clinic that offers leg-lengthening surgery. 'Now I can see myself as a real adult'Alğan was 5-foot-2 before his leg-lengthening surgery. Correction: January 8, 2023 — An earlier version of this story misstated how much Wanna Be Taller charges for its surgery.

☆ China has to figure out how to care for 400 million people over the age of 60 by 2040 — and it's off to a rocky start
▼ + stars: | 2023-02-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +11 min

By 2040, it's expected to have 400 million people above the age of 60 — more people than in the entire US. "It's obvious that relying on contributions from medical insurance schemes to fund age care services is not likely to be viable in the longer term," she said. Alzheimer's is quickly rising as a concern in China, Luk said. "Is China aging rapidly? Beijing has been pressuring the private sector into building daycare centers, wards, and other age care infrastructure to shore up gaps in local government finances, Gu said.

☆ Leg-lengthening surgery changed my life. It cost $27,000 but I'm 5 inches taller and I feel more charismatic.
▼ + stars: | 2023-01-07 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +6 min

Nothing worked, except for shoes with hidden heels that made him up to 3 inches taller. Courtesy of WannabetallerAfter two rounds of leg-lengthening surgery, Alğan added 5 inches to his height. It made him 2.4 inches taller. The surgery changed his perspective so much that he quit his job as a counselor and founded his own Turkey-based clinic that offers leg-lengthening surgery. 'Now I can see myself as a real adult'Alğan was 5-foot-2 before his leg-lengthening surgery.

☆ Prevent burnout by spotting these red and green flags before taking the job
▼ + stars: | 2022-12-28 | by ( Natalie Tham | ) www.cnbc.com time to read: +7 min

Burnout is a "very common" workplace mental health issue caused by chronic and unmanaged stress, said Dr. Oliver Suendermann, clinical director of Intellect, a Singapore-based mental health support startup. With a slew of trickle-down effects that could harm your mental and physical health, burnout is a slippery slope that should be avoided. CNBC Make It spoke with experts and coaches who shared some red flags that should ring alarm bells, and green flags that can indicate a lower burnout risk. This can include providing managers with training on mental health, he added. Suendermann, who works for Intellect which offers a mental health support app, said some companies also help connect employees with professional coaches.

☆ From Liquid Death to Feastables, Gen Z-ers are into snacks that look like junk food but are actually good for you. Check out this roundup of healthy products with edgy packaging.
▼ + stars: | 2022-10-15 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

A number of healthy snack brands are marketing themselves as junk food. Here's a list of seemingly unhealthy but healthy snacks trending with Gen Z. "It's very in line with Gen Z making the pristine Instagram grid obsolete. At the same time, the healthy food and beverage space has historically been a stale category filled with boring brands." Insider surveyed more than 20 Gen Z-ers to pull together a list of trending snack brands that pose as junk food but are actually…kind of healthy.

Though some studies indicate that couples who combine finances are happier, many younger couples are opting to keep things separate. Here are eight reasons why couples should consider combining finances, and why this idea isn't as old-fashioned as you may think. The average interest rate for a savings account is 0.09% APY, though there are many online banks with savings programs that have a much higher interest rate. Communicate more up front about your financial goals and values with your current partner to make sure you're both on the same page." Combining finances from the beginning and having regular check-ins about your finances can prevent the surprises that lead to conflict.

Persons: —, Amanda Clayman, Sherri Newpol, Clayman, Brian Face, spender, you'll Organizations: Research, Service, Prudential, Newpol Psychological

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