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watch nowYoung adults face financial obstaclesOver decades, attitudes about marriage and parenthood have changed. More recently, experts say, the overall cost of living has become a contributing factor in decisions to forgo parenthood. Between 1991 and 2024, the costs for child care rose at nearly twice the pace of overall inflation. But parenthood and related child care costs are not just personal financial issues, he added. "The cost of child care is really an economic growth and productivity issue as well," House said — and that affects all Americans, not just those with young kids.
Persons: Greg McBride, Gen Zers, Pew, Brett House, , Brett Organizations: Pew Research Center, KPMG, Columbia Business School, Columbia Business Locations: U.S, millennials
It was 2019, and the second Democratic presidential primary debate was unfolding in Detroit when then-Rep. Tulsi Gabbard of Hawaii went for the jugular. Still, it turned into a major moment for Gabbard — even though Harris forcefully responded — and it was a standout episode in her short-lived 2020 presidential campaign. It’s coming into view again now in the run-up to Tuesday’s second presidential debate after Donald Trump tapped Gabbard to assist him in his debate preparations. “Tulsi Gabbard whipped Kamala Harris’ butt on the debate stage,” Trump spokeswoman Karoline Leavitt said. Raising that prospect in the first place at the time rankled the Biden campaign.
Persons: Tulsi Gabbard, Joe Biden, Kamala Harris, ” Gabbard, Harris, Sen, she’s, I’m, Gabbard, Donald Trump, Trump, She’s, , Kamala, , Mark Longabough, Bernie Sanders, Sanders, Longabough, Harris wasn’t, ” Longabough, “ Harris, Kamala Harris ’, ” Trump, Karoline Leavitt, “ She’s, ” Harris, Biden, Barack Obama’s, Steve Bannon, ’ ”, Hillary Clinton, , ” “ I’m, they’ve, ” Clinton, Beau Organizations: Democratic, Democratic Party, Republican, Trump, Mar, Fox News, Biden, Convention, Clinton, America, National Guard Locations: Detroit, Hawaii, California, Florida, Gabbard, Philadelphia, Iraq, Saudi
The plot to topple Putin
  + stars: | 2024-09-09 | by ( Paul Starobin | ) www.businessinsider.com   time to read: +32 min
But it was only when Putin launched his full-scale invasion of Ukraine , in 2022, that Ammosov began to plot the overthrow of his homeland. As I found in months of wide-ranging interviews, everyone aspiring to a new Russian revolution grasps the seemingly impossible odds of their bid to topple Putin. Ponomarev — who was profiled last year in The Washington Post under the headline "Could this man bring down Putin?" Most applicants live in Russia, Sokolov tells me, but submissions have come from as far away as Uruguay. "I know a lot of good officers" in the CIA, Ponomarev told me, who "sympathize" with the anti-Putin insurgency.
Persons: Vladislav Ammosov, Ukraine —, Ammosov, wondrously, Vladimir Putin, Putin, Simona Supino, Alexey Navalny —, Ilya Ponomarev, Ponomarev —, , Sean Guillory, Denis Sokolov, Sokolov, Galina Starovoytova, Anastasia Sergeeva, Sergeeva, Valter, Putin —, Tatiana Kosinova, Yelena Bonner, Itil, Boris Nemtsov, Nemtsov, Vladimir Lenin, specter, NurPhoto, Lenin, Leon Trotsky, Mao Zedong, Fidel Castro, Boris Akunin, Ponomarev, Trotsky, Mao, Castro, Alexei Sobchenko, Sergei Chuzavkov, Ilya Ponomarev Ponomarev, Michał Kamiński, Kosinova, Pavel Ivanovich Chichikov, Nikolai Gogol's, . Barnum, Bernie, Madoff, Donald, Leonid Nevzlin, Mikhail Khodorkovsky, Navalny, King George III, Khodorkovsky, Garry Kasparov, Putin's, Andrey Volna, Brian Fitzpatrick, Charlie Wilson's, Tom Hanks, Philip Seymour Hoffman, Daniel Fried, William Burns, Fried, Biden, We're, Evgenia, it's Organizations: Putin, Ukrainian, Russian Federation, The Washington Post, University of Pittsburgh, Civic Council, Kennan, Wilson Center, GRU, Russia, BI, International Republican Institute, CIA, Kremlin, Russian, Memorial, Soviet Union, of America, Civic, Ukraine's Ministry of Defense, Russian Volunteer Corps, European, Human Rights, Siberian Battalion, Ammosov, Ukrainian Armed Forces, Putin's Defense Ministry, True, Bolsheviks, of Russia Legion, People's Deputies, State Department, Justice Department, Polish Senate, Trump University, Trump, Khodorkovsky, FBI, Intelligence, Senate, Ukrainian Security Services, Bolshevik Locations: Siberia, Russia, Warsaw, Poland, Ukraine, Sakha, India, Putin Russia, Russian, Kyiv, The, restive North Caucasus, Washington, Soviet Union, Moscow, WhatsApp, Ukrainian, Soviet, Crimean, USSR, Europe, Uruguay, Armenia, Georgia, Kazakhstan, America, Canada, Great Britain, Germany, Australia, Belgorod, Kursk, Kremlin, China, Cuba, True Russia, Ponomarev, Northern Virginia, Polish, ., Lviv, Yukos, London, Pennsylvania, Texas, Afghanistan, Putin Russian, Tallinn, Estonia
Instead, JPMorgan increased its overweight recommendations on other emerging markets. Even after the change, JPMorgan still holds 18 China stocks in its global emerging markets model portfolio. The JPMorgan analysts said uncertainties about the China economic outlook range from tensions with the U.S. to "lingering deflation pressure." During three periods of escalating U.S.-China trade tensions in 2018 and 2019, the MSCI China index fell each time, according to JPMorgan China Equity Strategist Wendy Liu. As part of its China stock downgrade, JPMorgan added shares of state-owned utility operator CR Gas , while removing shares of PDD, China Construction Bank and Kingdee International.
Persons: Pedro Martins, Chetan Seth, Jake Sullivan, Kamala Harris, Joe Biden's, Harris, Donald Trump, Wendy Liu, ByteDance, — CNBC's Michael Bloom Organizations: JPMorgan, Wednesday, Sunday, Reuters, Nomura's, Nomura, JPMorgan China Equity, CR Gas, China Construction Bank, Kingdee International, Kuaishou Technology, Meituan, Hong Locations: China, U.S, Nomura's Asia, Japan, Beijing, PDD, Hong Kong, Thursday's
And we will stop the fentanyl,” Trump said during a recent campaign appearance in Michigan. But fentanyl activists say Trump is at least drawing attention to the issue, whereas the Biden administration, they say, is not. By 2017, the year Trump took office, there were 28,000 deaths from fentanyl. In 2021, during Biden’s first year of office — when many Americans were still stuck at home amid the pandemic — fentanyl deaths rose by 23% to more than 70,000. Trump repeatedly blames the increase in fentanyl deaths on the influx of 10 million migrants who crossed the border during the Biden.
Persons: Dawn Allen wasn’t, , Joe Biden, Donald Trump, “ I’m, ” Allen, Dawn Allen's, Benjamin, , Andrea Thomas, Trump, Harris, ” Trump, United States – it’s, Vanda Felbab, Brown, Biden, Allen, hasn’t, Biden’s, Rahul Gupta, Jim Rauh, Thomas, poisonings, , Obama, Kamala Harris ’, Karoline Leavitt, Kamala Harris, Babcock, “ We’re, it’s Trump Organizations: Democrat, NBC, Our U.S, Democratic National Convention, Brookings Institution, , Biden, . Customs, Department of Homeland Security, NBC News, DHS, Facebook, Trump Homeland Security, D.C Locations: Chicago, , Our, Michigan, Mexico, United States, China, Felbab, U.S
The judge who oversaw the trial later said: "Trump 'raped' her as many people commonly understand the word 'rape.'" AdvertisementBut the lawyers who won Weinstein's appeal told Business Insider that what worked for their client probably wouldn't work for Trump. In the May 2023 verdict, the jury found Trump liable for sexual abuse and defamation and awarded Carroll $5 million in damages. In the second trial, earlier this year, a separate jury said Trump owed Carroll an additional $83 million in defamation damages. AdvertisementInstead, it needed to find it was "more probable than not" that Trump sexually assaulted Carroll, a standard far more common in civil cases.
Persons: , Donald Trump, Trump, Jean Carroll, Harvey Weinstein, John Sauer, he'll, Carroll, Sauer, It's, Weinstein, Barry Kamins, Kamins, Marci Hamilton, Goodman, Lewis Kaplan, Jessica Leeds, Natasha Stoynoff, Brittainy Newman, Diane Kiesel, Stoynoff, you've, Kaplan, Roberta Kaplan, Roberta Kaplan's, Jane Rosenberg Trump's, Arthur Aidala, shouldn't Organizations: Service, Business, Appeals, 2nd, Mar, New York state's, Trump, Hollywood, Child USA, New, Leeds, York state's, Stoynoff, New York Law School, REUTERS Locations: Manhattan, Lago, New York, Los Angeles, Brooklyn, Aidala, York, Leeds, Bergdorf's, Carroll, Carroll's, Hamilton
Volvo Cars on Thursday scaled back its margin and revenue targets, after announcing it was no longer targeting 100% all-electric vehicle sales by 2030. Volvo Cars shares were 3.2% higher in early afternoon deals following a 10% decline so far this week. Numerous automakers have reported challenges related to the electric vehicle transition, particularly from underwhelming demand. Volvo Cars also announced Thursday that it was extending its partnership with U.S. chip giant Nvidia as it develops features including advanced driving assistance and autonomous driving. In July, the firm reported record quarterly operating profit of 8.2 billion Swedish kronor.
Persons: China's Geely Organizations: Volvo, China's, European Union, Volvo Cars, U.S, Nvidia, EV Locations: Shanghai, China, Swedish, U.S, Gothenburg, Sweden, Europe
Jordan, Inside Outsider in JapanJordan, who has two kids, asked to be identified by only his first name to protect his privacy. Jordan, Inside Outsider in Japan"We kind of struggled through those 10 years living there. Jordan, Inside Outsider in JapanConstruction started in winter, and by fall 2020, Jordan and his family had moved into their new home. Jordan, Inside Outsider in Japan"Some things were happening in a way that wasn't what we thought we agreed on," he continued. Jordan, Inside Outsider in Japan"One of the differences is we don't feel like going out as much now because it's just comfortable to be at home," Jordan said.
Persons: , Jordan, Japan Jordan, it's, He's, Jordan isn't, he's Organizations: Service, Business, country's Ministry of Justice Locations: Japan, Vancouver, Asia, Jordan, Mie Prefecture, Osaka, Nagoya
They probably have one thing in common: the ability to consistently come up with great, "non-obvious" ideas, says bestselling author and marketing expert Rohit Bhargava. Reliably devising great ideas that other people haven't considered is easier said than done, of course. "It's more work to come up with something new and original. Here are the four steps you should take to become more creative and reliably come up with great ideas, according to Bhargava. In their book, Bhargava and DuPont advise people to "follow your frustrations" by thinking about the everyday things that annoy them or don't work perfectly.
Persons: Rohit Bhargava, who's, Bhargava, haven't, Bhargava —, Georgetown University —, Ben DuPont, Howard Schultz, Schultz, we're, you've, DuPont, Sakichi Toyoda, Dyson, James Dyson Organizations: Employers, CNBC, Ogilvy, Georgetown University, Toyota, DuPont Locations: Italy
Haidt and other researchers argue that technology and social media have led to an epidemic of isolation and loneliness. Surgeon General Vivek Murthy named social media as one of the main reasons young people feel more alone. "Social media is not this monolithic experience where everybody experiences the same thing," he says. Navigating an uncertain futureHaidt proposes a few solutions for Gen Z and their parents to curb social media and smartphone reliance. It followed an announcement by the Los Angeles Unified School District that it will ban student cellphone and social media use starting next year.
Persons: Jonathan Haidt, Vivek Murthy, Murthy, Haidt, Zach Rausch, Haidt's, Rausch, , Jeffrey Hall, Candice L, Odgers, That's, Mark Zuckerberg, Jennifer Breheny Wallace, Z, Kyle K, Moore, Wallace, that's, Orna, Guralnik Organizations: U.S, The, NYU's Stern School of Business, University of Kansas, Odgers, University of California, Affordable, Facebook, Meta, Social, Pew Research, Economic, Institute, Harvard University, University of Chicago, New, New York City Public Schools, Los Angeles Unified School District, CNBC Locations: U.S, defensiveness, United States, Irvine, New York City, New York
John Lansing, who as chief executive of NPR from 2019 until earlier this year guided the broadcasting organization through a global pandemic, an imploding media landscape and widening political polarization that called into question some of its journalistic principles, died on Aug. 14 at his home in Eagle River, Wis. An NPR representative confirmed the death but did not cite a cause. Mr. Lansing, who had been in the news business since he graduated from high school, arrived at NPR with a mission to broaden its reach beyond traditional radio into media like podcasts and newsletters. He also announced what he considered his “north star”: a commitment to expand NPR’s audience to include a younger and more diverse demographic, and a parallel commitment to diversify, equity and inclusion in its coverage, sources and staff. His changes included documenting the diversity of sources, introducing unconscious bias training and hiring people of color for both on- and off-air positions.
Persons: John Lansing, Lansing Organizations: NPR Locations: Eagle River, Wis
ET on Friday, TMZ fessed up: BEYONCE NOT AT DNC AFTER ALL, it acknowledged. "To quote the great Beyoncé: We gotta lay our cards down, down, down ... we got this one wrong." It's that in 2024, for much of the modern media world, a TMZ report is pretty close to accepted fact. To me, TMZ's big breakthrough as a Real News Source was when it broke the news of Michael Jackson's death in 2009. And if you still aren't convinced, see this tweet from CNN's Abby Phillip, who declared that "TMZ lost a lot of credibility tonight."
Persons: , Kamala Harris, Harris, Oprah Winfrey, Beyoncé, TMZ, I'd, I've, Time Warner, Harvey Levin, Michael Jackson's, doesn't, TMZ's, Donald Trump, Abby Phillip Organizations: Service, Democratic, Convention, Business, DNC, TMZ, Reuters, Street, Hollywood, United, National Enquirer, Rupert Murdoch's News Corp, Time, Facebook, Twitter, Washington Post, Trump Locations: Chicago
CNN —Months of feverish negotiations, in different cities and at multiple levels, have gotten Israel and Hamas closer to striking a ceasefire deal. “But we are committed to continue the war after the pause in order to achieve the goal of destroying Hamas. It essentially allows Israel – and Hamas – to abandon discussions after the six-week first phase and resume the war. Far-right members of his cabinet have blasted any ceasefire agreement while Israeli reports cite security officials who accuse Netanyahu of sabotaging the negotiations. Earlier this week, Secretary of State Antony Blinken, who was visiting Israel, said Netanyahu had agreed to the proposal while Hamas had not yet.
Persons: Israel, Benjamin Netanyahu, Israel’s, Israel –, , Netanyahu, Riki Baruch, , it’s, John Kirby, , Joe Biden, Biden, Qatar –, Yahya Sinwar, Bill Burns, Antony Blinken, Sinwar, ” CNN’s Jeremy Diamond, Jennifer Hansler Organizations: CNN, Israel, National Security, Hamas, Islamic, IDF, , CIA, Biden, American Locations: Israel, Gaza, Cairo, Palestinian, Egypt, Qatar, Israeli, Israel’s, American, Doha, Iran, Lebanon, Beirut, Tehran
BERLIN — German prosecutors have issued a first arrest warrant in their investigation into the undersea explosions in 2022 that damaged the Nord Stream gas pipelines between Russia and Germany, according to a media report Wednesday. Swedish and Danish authorities closed their investigations in February, leaving the German prosecutors’ case as the sole probe. The blasts happened as Europe attempted to wean itself off Russian energy sources following the Kremlin’s full-scale invasion of Ukraine. They ruptured the Nord Stream 1 pipeline, which was Russia’s main natural gas supply route to Germany until Russia cut off supplies at the end of August 2022. They also damaged the Nord Stream 2 pipeline, which never entered service because Germany suspended its certification process shortly before Russia invaded Ukraine in February of that year.
Organizations: ARD, Zeitung, Zeit, U.S Locations: BERLIN, Russia, Germany, Ukrainian, Poland, Baltic, Ukraine, wean, Europe, Washington
Rep. George Santos (R-NY) leaves the U.S. Capitol after his fellow members of Congress voted to expel him from the House of Representatives on December 01, 2023 in Washington, DC. Former U.S. Rep. George Santos wants potential jurors in his September fraud trial to be questioned about their opinions of him. They cite more than 1,500 articles by major news outlets and a "Saturday Night Live" skit about Santos. "For all intents and purposes, Santos has already been found guilty in the court of public opinion," the defense memo filed last week reads. The public perception of Santos, they argue, is also "largely a product of his own making" as he's spent months "courting the press and ginning up" media attention.
Persons: George Santos, Santos, Joaquín, he's Organizations: U.S, Capitol, Washington , DC, Former U.S . Rep Locations: Washington ,, Long, York, New York
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at her campaign headquarters in Wilmington, Delaware, on July 22, 2024. Vice President Kamala Harris is catching up to former President Donald Trump on the number of voters who trust her handling of the economy, according to a new Financial Times/Michigan Ross poll. The monthly survey found that 42% of voters trust Harris on economic issues, one percentage point more than the Republican presidential nominee. The most recent CNBC All-America Economic Survey, for example, found voters think they will be financially better off under Trump than Harris by a 2-to-1 margin. Trump often seizes on voters' economic pessimism as a political tactic, working to turn economic danger signs into narratives of full-blown catastrophe, attributable to the Biden-Harris administration's policies.
Persons: Kamala Harris, Harris, Donald Trump, Michigan Ross, Trump, Joe Biden's, Biden, heightening, Kamala Organizations: Democratic, Times, Republican, CNBC, America Economic Survey, Trump, FT, Michigan, Biden, Social Locations: Wilmington , Delaware, U.S, Michigan
Every year, Bill Gates — and, until she left, Melinda French Gates — would hold multiple meetings with executives of the Gates Foundation to approve plans and budgets, and review strategies. For many, the meeting might be the only direct opportunity to interact with, and impress, Gates and French Gates. AdvertisementGates and French Gates followed the presentations closely, usually saving questions for the end. The former couple sought to maintain a professional relationship, giving themselves at least two years to see if they could work together, with the understanding that French Gates would leave if they couldn't. One former senior employee compared the style of discussion to the Socratic method, often used in law schools by professors who push students to reasoning through dialogue.
Persons: Bill Gates —, Melinda French Gates, Gates, Louis XIV, , opprobrium, Gates —, Bill Gates, Simon, It's, Melinda weren't, hasn't, Warren Buffett —, outargue Gates, seethed, Anupreeta Das Organizations: Gates Foundation, Business, Employees, Avid Reader Press, Simon & Schuster, Inc, HBO, Microsoft Locations: French Gates, Versailles, Gates
Opinion | Tim Walz Is Vibing
  + stars: | 2024-08-09 | by ( Michelle Cottle | Ross Douthat | ) www.nytimes.com   time to read: +39 min
michelle goldbergI mean, I’m a huge Walz fan, and I was worried. ross douthatSo, yeah, I mean, I’m having made the case that this pick makes sense in vibes terms. michelle goldbergYeah, I don’t think that he necessarily overperforms among conservative voters strictly defined. You don’t think that there’s a part of the country that just finds joy like a really refreshing change? I’m going there.
Persons: ross douthat I’ve, Bon Iver, Taylor Swift, I’ve, michelle cottle Oh, ross douthat, michelle goldberg, michelle cottle, Vance, I’m Michelle Cottle, Ross Douthat, Ross, Michelle Goldberg, Michelle, Harris, Kamala — Kamala — michelle goldberg Kamala, nomenon, Kamala, Chappell Roan, I’m, Frenchman, we’ll, Kamala Harris, Tim Walz, Josh Shapiro, it’s, Donald, JD Vance, Donald Trump, Biden, Walz, Sarah Longwell, Shapiro, Trump, ross douthat Let’s, It’s, that’s, John Fetterman, we’ve, Michelle Cottle, relatability, Jared Golden, Joe Manchin, Mary Peltola, , Bernie, you’ve, who’s, Josh Shapiro doesn’t, don’t, you’re, Shapiro wasn’t, JB Pritzker, The New York Times ”, here’s Shapiro, Netanyahu, Donald Trump’s, John Kerry, — ross douthat, , we’re, Bone, michelle goldberg Ross, George Floyd’s, there’s, George Floyd, That’s, It’s Trump, michelle cottle Ross, Joe Biden, Hillary Clinton, ross, hadn’t, “ Trump, MAGA, michelle cottle It’s, he’s, she’s, Tucker Carlson, — michelle cottle, ross douthat —, doesn’t, chameleons, He’s, McKay Coppins, it’s Kamala, Sarah Palin’s, John McCain, Mike Pence, Dick Cheney, George W, , michelle cottle “ Sunny, ” ross douthat, Rashida Jones, — ross, ” michelle goldberg, michelle cottle Juicy, “ Severance, michelle cottle Nice Organizations: “ New York, Minnesota, Twitter, Republican, Trump, Democratic, America, Democratic Party, Dartmouth, Biden, The New York Times, Bone Spurs, Vance, Republicans, Air Force, Atlantic, Democrat Locations: Tay, , Pennsylvania, Brooklyn , New York, Wisconsin, San Francisco, relatability, America, Maine, Alaska, California, Israel, Palestine, Minnesota, Italy, Minneapolis, Afghanistan, Ukraine, Trump, United States, Michelle, Kyoto, Japan
Read previewWith the recent launch of SearchGPT, OpenAI has positioned itself to compete with Google in the search engine market. The new tool allows users to search the web in real time and automatically summarize results from Microsoft's Bing. Chris Rodgers, the CEO at SEO agency CSP, has worked in the search engine industry for over 20 years. He told Business Insider that SearchGPT may not pose an immediate threat to Google Search. He also said Google should feel the heat because OpenAI has presented a better strategy than Google in its rollout of SearchGPT.
Persons: , OpenAI, Microsoft's Bing, hasn't, Chris Rodgers, Rodgers, that's, Axel Springer, SearchGPT, it's Organizations: Service, Google, Business, Astra, Vox Media, News Corp Locations: ChatGPT
The demonstrations – a regular occurrence – were notable for taking place despite urgent security warnings as Israel braces for a possible strike from Iran. Videos showed protestors waving Israeli flags and holding up signs with images of the Israeli hostages. Of that number, 111 hostages were taken during the October 7 Hamas-led attack on Israel, which killed over 1,200 people. “The head of the Mossad did not say that there was a deal ready and that it should be accepted. “While Prime Minister Netanyahu agreed to the deal outline, Hamas has been trying to introduce dozens of changes that, de facto, nullify the outline,” the statement said.
Persons: Benjamin Netanyahu, Ismail Haniyeh, “ We’re, , , , Netanyahu’s, Yair Lapid, Netanyahu, Gil Cohen, David Barnea, Shin Bet, banged, CNN’s Eugenia Yosef, Larry Organizations: CNN, Hamas, IDF, Minister’s Office, Gaza’s Ministry of Health, United Nations, Israeli Prime, Magen, Getty, Locations: Israel, Gaza, Iran, Tehran, Tel Aviv, AFP
New York CNN —Chevron is moving its headquarters out of California, the company announced Friday. The oil giant said it would be relocating its corporate offices from San Ramon, where they have been since 2002, to Houston. This will be the first time Chevron will be headquartered outside of California since its founding more than a century ago. Chevron chairman and CEO Mike Wirth and vice chairman Mark Nelson will move to Houston by the end of 2024, while other corporate operations will slowly relocate over the next five years. Chevron’s exodus from the Bay Area comes on the heels of Elon Musk’s announcement last month that SpaceX and X, formerly known as Twitter, would be relocating to Texas, as well.
Persons: Mike Wirth, Mark Nelson, Elon Musk’s, Musk, Gavin Newsom, ” Musk, Organizations: New, New York CNN, Chevron, San, SpaceX, Twitter, CNN Locations: New York, California, San Ramon, Houston, Chevron, Bay, Texas, Hawthorne , California, Starbase , Texas, Austin , Texas
Fifty-seven percent of those Americans younger than 50 without children said the major reason they won't have any kids is that they just don't want to. Pew looked at Americans ages 50 and older who don't have children and Americans between 18 and 49 who don't have children and say it's unlikely they will. Meanwhile, 36% of Americans under 50 and without kids said they can't afford to have children. Related storiesAmericans under the age of 50 without kids were nearly four times more likely than Americans over the age of 50 without kids to cite environmental concerns as a major reason not to have children. Americans without kids say they have more time for their careersMany Americans without kids told Pew that the decision lets them focus more on their careers, save money, and have time to engage in social life.
Persons: , Pew, Nicole Valdez, DINKWAD Organizations: Service, Pew Research, Business, CDC Locations: jtowfighi@businessinsider.com
As the rest of the world fought to keep inflation in check, one country welcomed it with open arms. So while major central banks like the U.S. Federal Reserve raised interest rates to rein in prices, the Bank of Japan kept rates low as inflation accelerated. Businesses could cite their rising costs to justify price increases, leading to higher revenues that went toward higher wages for workers. There have been some promising signs: Big Japanese firms like Toyota have reported large profits and pledged the biggest wage increases for workers in decades. In March, the Bank of Japan raised its policy rate for the first time in 17 years, concluding that the economy had achieved the “virtuous cycle” between wages and prices it had envisioned.
Organizations: U.S . Federal Reserve, Bank of, Toyota, Bank of Japan Locations: Japan, Bank of Japan
Three famed "Big Short" investors say gold remains a top long-term bet. Danny Moses, Porter Collins, and Vincent Daniel went on CNBC to explain why they're bullish. They cite rising debt levels, which they say could result in a "huge debasement" of the dollar. AdvertisementInvestors should be scooping up more gold for the long haul, according to three investors of "Big Short" fame. Collins and Daniel — the co-founders of Seawolf Capital — said they remained long on gold, gold miners, and precious metals like silver in their annual letter to shareholders.
Persons: Danny Moses, Porter Collins, Vincent Daniel, , Vincent Daniel —, Collins, Daniel, Daniel —, Moses, Gold, we've Organizations: CNBC, Service, Treasury, stoke, Seawolf, Moses Ventures Locations: US
Many U.S. EV owners, in particular, are having second thoughts. EV adoption has slowed in the U.S., even as the recent earnings and delivery reports from both GM and Ford showed sizable increases in EV sales. Ford said EV sales were up 60%, to nearly 24,000 units, but CEO Jim Farley described a "more realistic and sharpened" EV plan during its earnings call. Drury said that some distinctions are becoming clear between all EV owners and those who are most satisfied. As battery range and density increase, and EV charging infrastructure improves, and prices continue down, Brauer said the picture should brighten for EV sales.
Persons: Scott Olson, Ford, Jim Farley, Tesla, Mary Barra, Edmunds, EVs, Ivan Drury, it's, I'm, Drury, Karl Brauer, they're, Brauer, Barra Organizations: Getty, McKinsey, U.S, EV, GM, Ford, Gallup, CNBC, ICE Locations: Chicago , Illinois, ICEs, Australia, Brazil, China, Germany, Norway, France, Italy, South Korea, U.S, , California
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