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☆ US kicks off a spate of oil and gas auctions just as COP28 gets underway
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

The remaining acreage, in New Mexico, Oklahoma, Nevada, North Dakota and Utah, will be sold on Nov. 30, Dec. 5 and Dec. 12. The UN's "Conference of the Parties" on climate, known as COP 28, will begin on Thursday and will take place over the same two weeks. Dozens of nations plan to push for the world's first deal to phase out carbon dioxide-emitting coal, oil and gas at the meeting. "Instead of doing the necessary work to fight climate change, Biden continues to support the expansion of fossil fuels here in the U.S.," Nicole Ghio, senior fossil fuels program manager for Friends of the Earth, said in a statement. Biden's Inflation Reduction Act (IRA), a climate change law passed last year, made oil and gas auctions a prerequisite for renewable energy development.

Persons: Rick Wilking, Biden, Joe Biden, Nicole Ghio, Trump, Nichola Groom, Aurora Ellis Organizations: REUTERS, drillers, United Nations, Interior Department's, Interior Department's U.S . Bureau of Land Management, Department, Thomson Locations: Ft . Laramie , Wyoming, Wyoming, Dubai, Interior, Interior Department's U.S, New Mexico , Oklahoma , Nevada , North Dakota, Utah, U.S

☆ US holds first of several oil and gas auctions as COP28 gets underway
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +3 min

BLM will also offer acreage in New Mexico, Oklahoma, Nevada, North Dakota and Utah on Nov. 30, Dec. 5 and Dec. 12. Dozens of nations plan to push for the world's first deal to phase out carbon dioxide-emitting coal, oil and gas at the meeting. "Instead of doing the necessary work to fight climate change, Biden continues to support the expansion of fossil fuels here in the U.S.," Nicole Ghio, senior fossil fuels program manager for Friends of the Earth, said in a statement. Biden's Inflation Reduction Act (IRA), a climate change law passed last year, made oil and gas auctions a prerequisite for renewable energy development. Reporting by Nichola Groom; Editing by Aurora Ellis and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Rick Wilking, Biden, Joe Biden, Nicole Ghio, Trump, Nichola Groom, Aurora Ellis, Stephen Coates Organizations: REUTERS, United Nations, Interior Department's, Interior Department's U.S . Bureau of Land Management, Department, Thomson Locations: Ft . Laramie , Wyoming, Wyoming, Dubai, Interior, Interior Department's U.S, Converse County, New Mexico , Oklahoma , Nevada , North Dakota, Utah, U.S

Nov 27 (Reuters) - The man accused of shooting and wounding three college students of Palestinian descent in Burlington, Vermont, over the weekend pleaded not guilty to attempted murder charges on Monday and was ordered by a judge to remain held without bond. All three men are undergraduate students at colleges in other cities but were staying with Awartani and his relatives in Burlington for the Thanksgiving holiday. [1/8]Jason J. Eaton, 48, a suspect who was arrested in the shooting of three college students of Palestinian descent, poses for a police booking photograph in Burlington, Vermont, U.S. November 27, 2023. Police said the suspect had legally acquired the gun used in the shooting a few months ago. Police said all three are of Palestinian descent - two of them U.S. citizens and the third a legal U.S. resident.

Persons: Jason J, Eaton, Hisham Awartani, Tahseen, Kinnan, Awartani, Easton, Investigators, I'VE, I've, Sarah Fair George, Jon Murad, General Merrick Garland, Garland, Joe Biden, Karine Jean, Pierre, Aliahmad, Rich McKay, Susan Heavey, Luc Cohen, Steve Holland, Doina Chiacu, Katharine Jackson, Steve Gorman, Frank McGurty, Bill Berkrot, Matthew Lewis Organizations: Police, University of Vermont, FBI, U.S . Bureau, Alcohol, Tobacco, Firearms, Explosives, Burlington Police Department, Handout, REUTERS Acquire, Palestinian, Hamas, Burlington Police, U.S . Department of Justice, of, Brown University, Haverford College, Trinity College in, Ramallah Friends School, West Bank, Thomson Locations: Burlington , Vermont, Chittenden County, Burlington, Vermont's, U.S, United States, Israel, of New York, America, Rhode Island, Pennsylvania, Trinity College in Connecticut, Ramallah, Atlanta, Los Angeles

Most hybrid workers (55%) say paying employees more for their in-office work would provide “a lot” of encouragement for them to work in-person more often. Additional pay topped the list across respondents whether they were working in-person, remotely (44%) or in hybrid (50%) roles. Regardless, many U.S. employees have returned to in-person work, or had never left. Most paid employees report that they work in person per NORC's survey, and three-quarters of those in-person employees say they are required by their employer to do so. The number of people working remotely has fallen significantly since the peak of COVID-19 — but is still far higher than pre-pandemic levels.

Persons: — Justin Ryan Horton, he's, Horton, “ I'm, ” Horton, NORC, ” Marjorie Connelly, Megan Homis, Homis, ” Homis, Bill Castellano, ” Castellano, Connelly, I’m, ”, “ Organizations: Workers, University of Chicago, NORC’s Public Affairs & Media Research, Associated Press, Rutgers School of Management, Labor Relations, “, Pew Research Center, U.S . Bureau of Labor Statistics Locations: Colorado Springs, Southern California

“We have heard that he is expected to survive,” Brian Evans, spokesperson for the Minnesota attorney general’s office, told The Associated Press about Chauvin. Political Cartoons View All 1265 Images"I am sad to hear that Derek Chauvin was the target of violence. The Bureau of Prisons said no employees at the Tucson facility were injured in the attack and that the FBI was notified. In Minnesota, Chauvin was mainly kept in solitary confinement “largely for his own protection,” Nelson wrote in court papers last year. Chauvin’s stabbing comes as the federal Bureau of Prisons has faced increased scrutiny in recent years following wealthy financier Jeffrey Epstein’s jail suicide in 2019.

Persons: — Derek Chauvin, George Floyd, general's, ” Brian Evans, Chauvin, Derek Chauvin, Keith Ellison, Terrence Floyd, George Floyd’s, “ I’m, ” Terrence Floyd, Larry Nassar, Eric Nelson, he’d, ” Nelson, Floyd, Black, Jeffrey Epstein’s, It's, “ Unabomber, Ted Kaczynski’s, shouldn’t, Colette Peters, Peters, Amy Forliti, Michael Balsamo Organizations: Federal Correctional Institution, Associated Press, U.S . Bureau of Prisons, Prisons, ” Prosecutors, FBI, of Prisons, Justice Department’s, Judiciary Locations: MINNEAPOLIS, Minneapolis, Arizona, Minnesota, Tucson, Florida, New York

☆ A 3-year cruise was called off less than 2 weeks before departure
▼ + stars: | 2023-11-24 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +3 min

Life at Sea Cruises reportedly canceled its three-year voyage just two weeks before departure. Parent company Miray Cruises could not afford to buy the desired vessel, according to CNN. Miray Cruises planned to have successive three-year cruises and to allow passengers to pay extra to stay on board — potentially indefinitely. Life at Sea Cruises isn't the only residential cruise company navigating choppy waters. There is only one residential cruise ship in operation, The World, where condos sell for up to $15 million.

Persons: Miray, —, Vedat Ugurlu, Ugurlu, – Organizations: Sea Cruises, Miray, CNN, Service, Miray Cruises, Business, U.S . Bureau of Labor Statistics, Cruises Locations: Istanbul, Turkey

☆ Labor group seeks three board seats at Starbucks - sources
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

Members of the Starbucks Workers Union and other labor organization picket and hold a rally outside a company owned Starbucks store, during the coffee chain's Red Cup Day event in New York City, U.S., November 16, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsCompanies Starbucks Corp FollowNov 21 (Reuters) - The Strategic Organizing Center, a coalition of North American labor unions, is seeking three board seats at Starbucks (SBUX.O), people familiar with the matter told Reuters on Tuesday. Workers at several Starbucks stores had walked off their jobs last week in a strike organized by the Workers United union during a key promotional event demanding improved staffing and schedules. It is affiliated to Service Employees International Union, which owns a small Starbucks stake and is part of the Strategic Organizing Center, the Wall Street Journal reported. The WSJ first reported about the Strategic Organizing Center's push for board seats.

Persons: Brendan McDermid, Ananya Mariam Rajesh, Bayliss, Arun Koyyur Organizations: Starbucks Workers Union, REUTERS, Companies Starbucks Corp, Organizing, North, Reuters, Tuesday . Workers, Workers United, Service Employees International Union, Strategic Organizing, Wall Street Journal, Starbucks, ., U.S . Bureau of Labor Statistics, WSJ, Svea Herbst, Thomson Locations: New York City, U.S, North American, Bengaluru, Svea, New York

☆ Mark Cuban: Don't quit your job to start a business without doing this No. 1 thing first
▼ + stars: | 2023-11-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Quitting your job to start a business can be both tempting and extremely risky. Make sure you have a safety net before taking the leap, says billionaire entrepreneur and investor Mark Cuban. Don't just leave [your job] unless you know what the hell you're doing," Cuban told Wired last month in a video Q&A. "We hear all of these stories about all of these people who quit their jobs, started a company and made all of this money," Cuban said. "What you don't hear are the stories of the people who quit their jobs, started a company and failed miserably, and are now working at a job they hate."

Persons: Mark Cuban, — Organizations: Wired, Samsung, U.S . Bureau of Labor Statistics Locations: America

☆ Bayard Rustin biopic spotlights organizer of the March on Washington
▼ + stars: | 2023-11-18 | by ( John Blake | ) edition.cnn.com time to read: +12 min

“Rustin,” a biopic that depicts how Rustin navigated a gantlet of personal and political hurdles to pull off the March on Washington, debuts on Netflix today. Rustin was the “glue guy” leader for the civil rights movement. Colman Domingo, center, as Bayard Rustin in "Rustin," which premiered Nov. 17 on Netflix after a brief run in theaters. Colman Domingo as Bayard Rustin exhorts young civil rights volunteers in a scene from "Rustin." Some of that patriotism may seem naïve now, but it furnished the civil rights movement with tremendous vitality.

Persons: Bayard Rustin, Clark, Rustin, Martin Luther, “, Puddington, “ He’d, ” Puddington, “ Rustin, ”, Michelle Obama’s, “ Bayard Rustin, Michael G, George C, Wolfe, Colman Domingo, Martin Luther King Jr, ” Rustin, it’s, Malcolm X, Elijah Muhammad, Malcolm, Philip Randolph, Glynn Turman, Randolph, King, King —, Gandhi, ” Bayard Rustin, Donaldson, Michael Ochs, King he’s, Black, Omar Bradley, Parrish Lewis, Netflix Rustin, Ella Baker, Ying, Yang, Martin, Rebecca Solnit, “ Hope, ” Solnit, Bayard Rustin exhorts, David Lee, President’s, Obama’s, “ Bayard, Martin Luther King's, American Gandhi, Mr, Cathy Young, ” John Blake Organizations: CNN, Washington, Netflix, Rustin, Lincoln Memorial, Denver Post, of Prisons, Michael Ochs Archives, Getty, NBA, “, Society, Freedom, Quaker Locations: Washington, Inside Ashland, ”, Islam, Vietnam, India, Pennsylvania's Lewisburg, American, America, Europe, New York City

☆ More part-time workers to get access to employer retirement plans next year
▼ + stars: | 2023-11-17 | by ( Stephanie Dhue | Stephanie-Dhue | ) www.cnbc.com time to read: +2 min

watch nowLike many workers, saving for retirement wasn't a priority for Mark Zimmermann. His employer, Mitchell Metal Products, has fewer than 100 workers and lets its part-time employees participate in the 401(k) plan. The Merrill, Wisconsin-based manufacturer offers part-time workers access to the company 401(k) retirement plan as a way to attract and retain workers. More part-time workers to get 401(k) access in 2024York, South Carolina, Now hiring, part time cooks sign posted outside Wing King Restaurant. Also included are provisions to expand part-time workers' access to retirement accounts.

Persons: Mark Zimmermann, he'd, Zimmermann, He's, Tim Zimmerman, Jeff Greenberg Organizations: CNBC, Mitchell Metal Products, Universal, U.S . Bureau of Labor Statistics, Companies Locations: Wisconsin, Merrill , Wisconsin, York, South Carolina, U.S

☆ UBS projects inflation is coming to an end, but that's 'little comfort to households,' chief financial analyst says
▼ + stars: | 2023-11-15 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

The prolonged period of high inflation may finally be coming to an end, according to an analysis of recent data by UBS global wealth management. In October, the consumer price index, a closely followed inflation gauge, increased 3.2% from 12 months earlier, down from 3.7% in September, the U.S. Bureau of Labor Statistics said Tuesday. The report marked a significant improvement on the pandemic-era peak of 9.1% in June 2022. “By next spring, inflation will have slowed to a comfortable level for both the Fed and investors,” said Solita Marcelli, chief investment officer of the Americas for UBS Wealth Management. “The strain on household budgets is real.”

Persons: ”, Solita Marcelli, Greg McBride Organizations: UBS, U.S . Bureau of Labor Statistics, Fed, Americas, UBS Wealth Management, Finance

☆ Where prices fell in October 2023 — in one chart
▼ + stars: | 2023-11-15 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Bloomberg | Bloomberg | Getty ImagesInflation continued its broad moderation in October, down significantly from pandemic-era highs that hadn't been seen in more than 40 years. Why some prices are deflatingwatch nowSome prices, like those for airline tickets and eggs, have also declined off record-high levels. Egg and airline ticket prices are down about 22% and 13% in the past year, according to CPI data. How measurement quirks affect pricesSome of the declines are due partly to measurement quirks. Consumers get more for roughly the same amount of money, which shows up as a price decline in the CPI data.

Persons: hadn't, Andrew Hunter Organizations: Bloomberg, Getty, Capital Economics, CNBC, U.S . Bureau of Labor Statistics, CPI Locations: New, U.S

☆ Prices rise slower than expected, but there's still a 'long way to go' in taming inflation, financial expert says
▼ + stars: | 2023-11-14 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

Price growth is slowing, but high inflation could still persist through most of 2024 and beyond. Inflation dropped from a year-over-year rate of 3.7% to 3.2% in October, according to the latest consumer price index report released by the U.S. Bureau of Labor Statistics Tuesday morning. Perhaps more importantly, core inflation — which excludes volatile food and energy prices — dropped from 0.3% in September to 0.2% in October, which was lower than expected. At an annualized rate of 2.4%, core inflation is trending closer to the Federal Reserve's overall year-over-year target rate of 2%. "We still have a long way to go" before core inflation is under control, Greg McBride, chief financial analyst at Bankrate, tells CNBC Make It.

Persons: That's, Kurt Rankin, Greg McBride Organizations: U.S . Bureau of Labor Statistics Tuesday, Federal, PNC Financial Services Group, CNBC

☆ Here’s the inflation breakdown for October 2023 — in one chart
▼ + stars: | 2023-11-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

The Fed aims for a 2% annual inflation rate over the long term. Gasoline prices fell in OctoberWhat's happening under the surfaceEnergy prices can whipsaw inflation readings due to their volatility. That's why economists like to look at a measure that strips out these prices when assessing underlying inflation trends. This pared-down measure — known as the "core" CPI — fell to an annual rate of 4% in October from 4.1% in September. Housing inflation declined in October, to 6.7% relative to a year earlier, and has fallen from a peak over 8% in March 2023, according to BLS data.

Persons: Joe Biden, David Paul Morris, Sarah House, Mark Zandi, Zandi, It's Organizations: Bloomberg, Getty Images Bloomberg, Getty, Wells, Wells Fargo Economics, U.S . Bureau of Labor Statistics, Moody's, CPI, BLS Locations: Hercules , California, U.S, Wells Fargo, American, Russia, Ukraine

The 4.6 million birds killed this year compares to the nearly 58 million birds the U.S. Department of Agriculture said were slaughtered last year in the first year of the outbreak. Retail turkey prices aren't tracked the same way, but USDA reports show that wholesale frozen turkey prices averaged $1.15 per pound in October, down from last year's $1.79 per pound and the previous year's $1.35 per pound. “I think there should be a lot of relief coming in the holiday season.”A combination of factors contributed to the sharp drop in bird flu cases this year. Officials say bird flu doesn’t represent a significant health threat. Bird flu vaccines are being developed and might help in the future, but at this point they remain impractical.

Persons: ”, Denise Heard, haven't, they're, “, Jada Thompson, ” Heard, hasn't, It’s, John Clifford Organizations: U.S . Department of Agriculture, U.S . Poultry, Egg Association, U.S . Bureau of Labor Statistics, National Turkey Federation, University of Arkansas, Farmers, USDA, Export, USA, Egg Export Council Locations: OMAHA, Neb, Minnesota , Iowa, South Dakota, Iowa, Minnesota, Indiana, Turkey, United States

☆ ConocoPhillips' $8 billion Willow project approvals upheld by US judge
▼ + stars: | 2023-11-10 | by ( Clark Mindock | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +4 min

REUTERS/Brendan McDermid Acquire Licensing RightsSummaryCompanies US judge upholds approvals for $8 billion Willow projectGroups say they are considering an appealNov 9 (Reuters) - A federal judge in Alaska on Thursday upheld U.S. approvals for ConocoPhillips’ multibillion-dollar Willow oil and gas drilling project in the state’s Arctic, rejecting environmental and tribal groups' concerns that the project poses too large of a climate threat. U.S. District Judge Sharon Gleason in Anchorage dismissed a lawsuit filed by environmental and tribal groups challenging the $8 billion project's approvals, which the U.S. Opponents claim the project would release hundreds of millions of tons of carbon pollution into the atmosphere, aggravating climate change and damaging pristine wilderness. The approvals give ConocoPhillips permission to construct three drill pads, 25.8 miles of gravel roads, an air strip and hundreds of miles of ice roads. The environmental and tribal groups challenged the approvals in two lawsuits filed in March.

Persons: Brendan McDermid, Sharon Gleason, Gleason, Erik Grafe, ConocoPhillips didn't, Joe Biden's, Iñupiat, Ian Dooley, Carole Holley, Earthjustice, Bridget Psarianos, Suzanne Bostrom, Rickey Turner, Paul Turcke, Ryan Steen, Whitney Brown, Jason Morgan, Luke Sanders, Stoel, Clark Mindock Organizations: ConocoPhillips, New York Stock Exchange, REUTERS, ConocoPhillips ’ multibillion, U.S, U.S . Interior Department, Earthjustice, Interior Department, of Land Management, Center for Biological Diversity, Sierra Club, Environmental, of Land, for Biological, District of, Trustees, U.S . Department of Justice, Thomson Locations: New York City, U.S, Alaska, Anchorage, District of Alaska

JUNEAU, Alaska (AP) — A federal judge on Thursday upheld the Biden administration’s approval of the Willow oil-drilling project on Alaska’s remote North Slope, a massive project that drew the ire of environmentalists who had accused the president of backpedaling on his pledge to combat climate change. She added that the alternatives analyzed by the U.S. Bureau of Land Management as part of its review were consistent with the policy objectives of the petroleum reserve and the stated purpose and need of the Willow project. The administration's action alienated and outraged some supporters, particularly young activists who launched a TikTok campaign to oppose the project ahead of its approval in March. Connor Dunn, vice president of the Willow project for ConocoPhillips Alaska, said in court documents that it was “highly unlikely” that Willow would proceed if the administration’s approval were to be vacated. Many Alaska Native leaders on the North Slope and groups with ties to the region have argued that Willow is economically vital for their communities.

Persons: backpedaling, Sharon Gleason, ” Gleason, Erik Grafe, Earthjustice, ” Bridget Psarianos, Inupiat, ” Psarianos, Joe Biden’s, Deb Haaland, Connor Dunn, Dunn, Gleason, Rebecca Boys, Willow, Trump, Biden, greenlight, Mike Dunleavy, “, ”, Nagruk Harcharek Organizations: —, Biden, National Petroleum Reserve, U.S . Bureau of Land Management, ConocoPhillips, Land Management, Gleason ., Alaska, Republican Gov Locations: JUNEAU, Alaska, North, Willow, ConocoPhillips Alaska, ”

☆ Cooling job market no reason for panic yet, economists say: 'It's a slowdown, not a collapse'
▼ + stars: | 2023-11-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Brown | Afp | Getty ImagesThe job market continues to show signs of cooling, but alarm bells aren't ringing just yet, economists said. The unemployment rate rose to 3.9% in October, from 3.8% in September, the BLS said. "There's almost no exception in this report: Every indicator suggests a slowing, slackening labor market," she said. "The days of explosive growth are gone, as the labor market shifts into healthier and more sustainable territory," said Noah Yosif, lead labor economist at UKG, a payroll and shift management company. The rise in the unemployment rate may also just be a sign that the extremely hot labor market is loosening a bit, Bunker added.

Persons: Frederic J, Brown, Julia Pollak, Pollak, Noah Yosif, Aaron Terrazas, Terrazas, Andrew Hunter, Nick Bunker Organizations: Afp, Getty, U.S . Bureau of Labor Statistics, BLS, Workers, Finance, Union, Capital Economics Locations: Los Angeles, U.S

☆ McDonald's, Chipotle to raise menu prices in California next year as fast-food wages rise to $20
▼ + stars: | 2023-10-30 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

McDonald's and Chipotle Mexican Grill will raise their menu prices in California next year to offset the state's minimum wage increase for fast-food workers, executives said as both chains announced quarterly earnings in recent days. McDonald's has not decided how much it will hike prices in California as workers' wages rise to $20 an hour, CEO Chris Kempczinski said Monday. Restaurants have been hiking menu prices for more than two years in response to rising ingredient and labor costs. Unlike Chipotle, which owns the overwhelming majority of its locations, most of McDonald's California locations are run by franchisees. "We believe we're in a better position than our competitors to weather this, so let's use this as an opportunity to actually accelerate our growth in California," Kempczinski said.

Persons: McDonald's, Chris Kempczinski, Chipotle, Jack Hartung, Hartung, Kempczinski Organizations: U.S . Bureau of Labor Statistics, McDonald's, National Owners Association, U.S, CNBC Locations: California, McDonald's, McDonald's California, McDonald's U.S

☆ Can you ask someone how much they pay in rent? An ethicist, philosopher and etiquette expert weigh in
▼ + stars: | 2023-10-25 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +5 min

Depending on how well you know them, questions about those personal details can seem forward, if not downright rude. "Asking someone how much they pay for housing is a proxy for asking them how wealthy they are," she says. Asking someone how much they pay for housing is a proxy for asking them how wealthy they are. Anita Allen Professor, University of PennsylvaniaThat's why, Allen says, she would only ask if she "knew them very well." 'We are having a housing crisis nationally'A 'For Rent' sign is posted near a home on February 07, 2022 in Houston, Texas.

Persons: Anita Allen, Allen, Brandon Bell, It's, —, Don Heider, Heider, Daniel Post Senning, Emily Post's Organizations: University of Pennsylvania, Getty, U.S . Bureau, Labor, Santa Clara University, National Association of Realtors Locations: Houston , Texas, Philadelphia, New York City, York City, Oxford , Mississippi, Roseville , Michigan

SACRAMENTO, Calif. (AP) — Federal officials said Wednesday that conditions have improved on the Colorado River to the point that a plan by California, Arizona and Nevada to voluntarily reduce water use should help keep the river basin on stable footing for the next few years. The states failed to reach a consensus on cuts, and the federal government did not end up forcing any. The threat of those two options finally forced the three states to reach their own voluntary plan for how to reduce their use of the river's water. Already, the three states have lowered their water use, said Tom Buschatzke, director of the Arizona Department of Water Resources and the state’s representative on Colorado River issues. Now, the states can turn their attention to a new long-term agreement for how to share the river’s water beyond 2026.

Persons: Lake Mead, Tommy Beaudreau, Camille Touton, Biden, JB Hamby, ” Hamby, Hamby, Tom Buschatzke, ”, __, Suman Naishadham, Ken Ritter Organizations: —, U.S . Department of, U.S . Bureau of Reclamation, Colorado River Board of California, Imperial Irrigation District, Arizona Department of Water Resources, Associated Press Locations: SACRAMENTO, Calif, Colorado, California , Arizona, Nevada, Lake Powell, Mexico, Arizona , California, California, Arizona, Santa Ana , California, Washington, Las Vegas

☆ Say goodbye to retirement? A 'soft saving' trend is emerging among young people
▼ + stars: | 2023-10-23 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +7 min

But a "soft saving" trend is emerging among younger workers, challenging the traditional way of thinking. Soft saving refers to putting less money into the future, and using more of it for the present. "Soft saving is the soft life's answer to finances," said the report. In addition, Americans are "re-focused" on post-pandemic travel, a possible reason why there is a decrease in personal saving rates, said Fidelity's Viktorin. ""Soft saving is the soft life's answer to finances."

Persons: Gen, Athima, —, Ryan Viktorin, Gen Z's —, Liz Koehler, Koehler, Viktorin, Andy Reed, X, Boomers, Z's, Z, Gen Z, Fidelity's Organizations: Intuit, Fidelity Investments, BlackRock's, Wealth Advisory, CNBC, U.S . Bureau, Trading Economics, Blackrock, Vanguard, Transamerican Center, Retirement Studies, Retirement

REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsOct 23 (Reuters) - Jason Andringa’s company was part of the stampede of U.S. businesses that built factories in China. But the mood of Vermeer and many other global producers has turned sour on China. Rather than expand in China, these companies are directing new investments to other low-cost countries such as Vietnam and India. Ryan Gunnigle, CEO of Atlanta-based toy maker Kids2, said he is continuing to invest in his China factories, adding both automation and new capacity. The CEO of Danby Appliances, a Canadian company that sells over half of its products in the U.S., got 85% of its goods from Chinese factories five years ago.

Persons: Lucy Nicholson, Jason Andringa’s, Vermeer, Biden, Joe Biden, Xi Jinping, Gina Raimondo, Matt Dollard, Ryan Gunnigle, Kids2, Jim Estill, He’s, Danby, Timothy Aeppel, Anna Driver Organizations: Port, REUTERS, U.S ., U.S, Nvidia, Wall Street, U.S . Bureau, China Business Council, Reuters, Asia Pacific Economic Cooperation, Trump, RSM US, Appliances, Thomson Locations: Port of Long Beach, Port of Los Angeles, Los Angeles , California, U.S, China . Iowa, China, Mexico, Asia, San Francisco, Beijing, Washington, Taiwan, Vietnam, India, Atlanta, Canadian, Turkey, Canada

A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. U.S. officials asked for input in devising a "tamperproof" way to keep systems that might contain up to 256 AI chips from being strung together into a supercomputer. The other primary gift that U.S. officials gave Nvidia, Intel and AMD was hobbling their most capable Chinese competitors. New rules will make it nearly impossible for Moore Threads and Biren, two well-funded Chinese startups founded by Nvidia veterans, to have their designs manufactured using cutting-edge chipmaking technology. That means whatever Nvidia is able to sell to China will likely be Chinese buyers' best legal option.

Persons: Ann Wang, ChatGPT, Thomas Krueger, They're, Moore, Piper Sandler, Dan Hutcheson, Japan's, Clete Willems, Akin Gump, Gregory Allen, David Kanter, Stephen Nellis, Max A, Kenneth Li, Jamie Freed Organizations: REUTERS, FRANCISCO, Biden, Nvidia, Intel, Devices, U.S . Bureau of Industry and Security, U.S . National Security Council, BIS, AMD, Japan's Nikon, U.S, Center for Strategic, International Studies, Real, Thomson Locations: Taipei, Taiwan, China, U.S, Netherlands, Japan, San Francisco

☆ 3 simple tactics the best bosses use to help people perform better—No. 1 is 'vacation minimums'
▼ + stars: | 2023-10-18 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

The average worker gets 10-14 days of vacation time per year after one year of service, the U.S. Bureau of Labor Statistics reports. "There are a number of organizations that we've worked with who, instead of having vacation maximums, will say vacation minimums, which is an interesting concept," she said. In some cases, companies even require at least five of each employee's vacation days to be taken consecutively — in other words, a mandatory "solid week" of vacation, said Pruitt-Haynes. Fifty-four percent of U.S. workers say they can't or shouldn't completely stop working while on vacation, according to a 2022 Glassdoor report. Turn off any company-owned devices while you're away and plan busy vacation days to keep yourself from thinking about work, he advised.

Persons: Christy Pruitt, Haynes, we've, Pruitt, Rebecca Port, I've, workcations, Jonny Edser Organizations: Society for Human Resource Management, U.S . Bureau of Labor Statistics, Genomics, CNBC Locations: New York, USA

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