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Search resuls for: "Gen Z"


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Sam Altman says he prioritizes talent over age in his hiring decisions. The job market in Big Tech is increasingly polarized with many job seekers facing a bleak outlook. AdvertisementOpenAI CEO Sam Altman says his hiring strategy is focused on talent over age. Advertisement"You want both, and I think what you really want is just like an extremely high talent bar of people at any age, " Altman said. While Altman may prioritize talent over age at OpenAI, some older tech employees say they are experiencing ageism in the workforce.
Persons: Sam Altman, , Harry Stebbings's, Altman, wouldn't, Noam Shazeer, Mustafa Suleyman, Karen Simonyan, Zers Organizations: Big Tech, Service, Tech, Google, Microsoft, BI Locations: OpenAI
A new report by Experian found that 67% of polled Gen Zers and 62% of surveyed millennials are using artificial intelligence to help with their personal finances. Users say that generative AI tools like ChatGPT have helped in areas including saving and budgeting (60%), investment planning (48%) and credit score improvement (48%). The Gen Z respondents were ages 18 to 27 while millennials were ages 28 to 43. According to data Experian provided to CNBC, 98% of Gen Z adults and 98% of millennials had a positive experience with the software. While using generative AI can help as a first step to drawing up a budget or figuring out how to increase your credit score, always verify the information through external resources, experts say.
Persons: Experian, Gen Zers, Christina Roman, millennials, Xers Organizations: Finance, CNBC
The typical age of a first-time homebuyer in the US has reached an all-time high: 38. First-time buyers make up 24% of all buyers, the lowest level since NAR started tracking in 1981. The changing characteristics of the typical first-time homebuyer in America are proof of the strain. The typical first-time buyer now has a median age of 38 — up from 35 in 2023. The typical first-time homebuyer is richer than ever, too.
Persons: It's, , — Gen Zers, millennials, haven't, Jorge Argota, Argota, He's Organizations: National Association of Realtors, Service, NAR Locations: America, Miami, Florida
Many Americans face retirement woes, lacking adequate savings and relying on Social Security. McCoy said she began receiving monthly Social Security Disability checks about 10 years ago, which are currently $1,620. Despite their best savings efforts, McCoy said medical bills and a high cost of living depleted her household finances. "But to live on Social Security — which is coming very quickly for both of us — is scary." A fifth of US adults over 50 reported having no retirement savings, and Social Security often isn't enough to cover the full cost of essentials.
Persons: Elizabeth McCoy, , McCoy, She's, Elizabeth McCoy McCoy, Gen Zers, she's, you've Organizations: Social Security, Service, Social Locations: Indiana
SAVANNAH, Ga. — David Shockley doesn’t understand his son Darius’ political ideology. “It makes no sense,” said David, who is Black and plans to vote for former President Donald Trump for a second time. The latest NBC News Stay Tuned Gen Z poll, powered by SurveyMonkey, found that more than half of Gen Z respondents ages 18 to 29 say they have different political views than at least one of their parents. Both David and Darius — two Black men in a battleground state — are emblematic of a voter base that Democrats and Republicans see as integral to success. “Despite the chasm between the political views, we still come together on our—” said David as he searched for the right word.
Persons: — David Shockley doesn’t, Darius ’, Shockley, , David, Donald Trump, , Gen, Gen Zers, Harris, it’s, Joe Biden, Hillary Clinton, Barack Obama, doesn’t, Darius, Kamala Harris, Obama, , Trump, Ben Waterhouse, Zs, Margaret Talev, ” Daniel Potter, ” Darius, ” David, Will, Darius —, Matt Barnes, Stephen Jackson, It’s Organizations: NBC, Trump, NBC News, Harris, University of North, Syracuse University’s Institute for Democracy, Washington , D.C, Kinder Institute, Urban Research’s, Population Research, , Georgia Southern University Locations: SAVANNAH, Ga, Savannah, America, University of North Carolina, U.S, Washington ,, Atlanta, Bronx , New York
Here are five keys to Harris’ bid to make history and become the first woman, the first Black woman and the first Indian American person to become president. Harris cannot afford much slippage with these groups, which are full of low-propensity voters who need encouragement to turn out. Here are five keys to a Trump victoryBut will that curiosity materialize into actual votes for Trump at the ballot box? They could give Harris a crucial boost because these voters tend to reliably turn out in election after election. In addition, Trump has campaigned heavily on the fears of migration and blamed Harris for chaos at the southern border.
Persons: Kamala Harris, Donald Trump, Harris, Trump, Harris ’, Joe Biden, Wade, enshrine Roe, Gen, Joe Rogan’s, Dave Portnoy, Elon Musk, John Della Volpe, “ bro, ” Will, Liz Cheney, Adam Kinzinger, Nikki Haley, Biden, Organizations: Sun, Black, Trump, Democratic, Democrats, Sports, Republican, Republicans Locations: Lakes, It’s
Gen Z is apparently discovering Donald Trump's lewd "Grab 'em" comments that came to light in 2016. AdvertisementWant to feel old? Some members of Gen Z are apparently only now discovering Donald Trump's infamous "Grab em …" comments that came during a hot mic moment. (Please, let's agree to never tell Gen Z about "left shark".) Don't let this make you feel old; let it make you wiser.
Persons: Donald Trump's, , Gen, Kate Sullivan, Trump, Billy Bush, Ron DeSantis, Elon Musk, Dana Carvey's Bush, millennials, let's, youngs, Billie Eilish, Z Organizations: Service, Washington Post, Florida Gov Locations: Ohio, Florida, The Washington, .
Being a traditional wife means wanting the best for my husband. AdvertisementMy journey to becoming a "trad wife" — or traditional wife — started in 2012 when I made dinner for a man I barely knew. I also knew I wanted to be the kind of old-fashioned wife we now call a trad wife. AdvertisementTo me, a "trad wife" isn't about how many kids you have. Being a traditional wife means I am secure in my place in this world and in my marriage.
Persons: , Hamburger, couldn't Organizations: Service Locations: Europe, Eastern Europe
More than 750 job seekers shared their frustrations trying to find work recently. AdvertisementMore than 750 Americans between the ages of 18 and 76 who have recently struggled to find work shared their experiences with Business Insider. Through emails and an online form, readers shared stories of fierce competition for white-collar roles and lower-paying gigs alike. Over three dozen respondents said they pulled from their 401(k) or IRAs to stay afloat. Meanwhile, some executives with 30 years of experience said their credentials may have prevented them from getting interviews for lower-paying white-collar roles.
Persons: , Zers, millennials, Scott Fite, he'll, Fritz Boyle, he's, hasn't, Boyle, haven't, Aaron Terrazas, they're, Chris Jorgensen, it's, Stephanie Allen, they've, Sean Tetpon, Tetpon, I'm Organizations: Service, Business, SNAP, of Labor Statistics, BLS, Bureau of Labor Statistics, didn't, IBM, University of Idaho Locations: Americas, Pennsylvania, Portland , Oregon, Utah, Maryland
Daze, a messaging app aimed at middle and high schoolers, has 187,000 people on its waitlist. Daze CEO Willem Simons told BI that middle and high schoolers are increasingly looking to interact creatively. AdvertisementAn upcoming messaging app for Gen Z looks a lot different than your typical iPhone or WhatsApp conversation. Simons told BI that the app is aimed at middle schoolers and high schoolers. The 27-year-old, who has cofounded other startups, including the messaging app Muze, said he grew up in a somewhat rural environment and couldn't always be in person with friends.
Persons: Willem Simons, , It's, Simons, it's Organizations: Service, Facebook, Business, Apple Locations: Emarketer
Retirees have been spending big thanks to recent gains in Social Security income, Bank of America said. But annual payment increases are falling behind workers' wage growth, the note said. Some economists have said baby boomer spending helped ward off a recession in recent years. Bank of America said retired consumers enjoyed greater spending power in the past two years as Social Security income got a boost. AdvertisementThe trouble with weaker spending among baby boomers is that the generation's willingness to splurge has been credited with helping the US avoid a recession in recent years.
Persons: boomer, , X, Ed Yardeni Organizations: Social, Bank of America, Service, Social Security, Bank of America Institute
This was largely due to the success of its sister brand, Miu Miu. AdvertisementPrada Group is defying the luxury slowdown thanks to its Miu Miu brand. Miu Miu products, like its micro skirt, have a cult following among Gen Z consumers. Related stories"Likewise, Miu Miu would probably not be experiencing this type of growth today if it hadn't been part of a larger group," Bonini added. In a note to clients on Wednesday, Bernstein analyst Luca Solca said that the brand's current trajectory "confirms our view that the market is underappreciating the growth that Miu Miu can generate in the next 12 to 18 months."
Persons: Miu Miu, , Kering, Miuccia Prada, Emily Ratajkowski, Hunter Schafer, Hailey Bieber, Blanca Zugaza Escribano, execs, Andrea Guerra, Prada, Andrea Bonini, Miu, Bonini, Bernstein, Luca Solca Organizations: Prada, Service, Hermès Locations: China
Among Muslims, the difference was 43% agreeing with the statement versus an estimated 66% who privately agreed. While 27% of Democratic respondents publicly agreed with the statement "I support defunding the police," just 3% privately supported the movement. While 50% of Republicans publicly said "we live in a mostly fair society," just 11% privately agreed. Similarly, 2% of Republicans were thought to privately trust the government to tell the truth, while 14% said so publicly. A lack of social trust causes people to resent each other, look for scapegoats, and become susceptible to demagoguery, he said.
Persons: Alessia Gonzalez doesn't, Gonzalez, Israel, she'd, Fernando, YouGov, , James Gibson, Louis who's, Gibson, Kamala Harris, Donald Trump, Todd Rose, Rose, Elisabeth Noelle, Neumann, Noelle, what's, Harris, You've, Gen Zers Organizations: Republican, Washington University, Harvard's Graduate School of Education, Roman Catholic, Pew, Gallup, Republicans, Democratic, Trump, Locations: Brooklyn, Bay, MAGA, Gaza, Colombia, New York, Israel, America, St
Salma Hayek Pinault told the Wall Street Journal that she and her husband keep their finances separate. Many young couples are also choosing to keep their finances separate rather than having joint accounts. AdvertisementSalma Hayek Pinault said she and her husband, François-Henri Pinault, the billionaire CEO of Kering, keep their finances separate. Hayek Pinault told The Wall Street Journal in an interview published Tuesday that she did not sign a prenup, unlike many high-net worth individuals do before they marry. That was compared to 24% of Gen Xers (aged 44 to 59) and 16% of baby boomers (aged 60 to 78).
Persons: Salma Hayek Pinault, Henri Pinault, , François, Hayek Pinault, Gucci, Balenciaga, Alexander McQueen, Saint Laurent, Hayek, Salma Hayek, Vittorio Zunino Celotto, Gen Zers, Gen Xers, millennials, ERIC PIERMONT, Gillian Coote, Coote, It's, Jen Glantz Organizations: Wall Street Journal, Service, The Times, Wall Street, Bank of America, Baby Boomers, Getty, Coote Family, Guardian, Business Locations: London, AFP, New York City
Harris campaign officials had always planned for star-studded events in the homestretch of the presidential election. Harris pollster Matt Barreto, who focuses on Latino voters, argued that endorsements can help mobilize voters. Annie Mulligan/APBoth campaigns utilize the power of celebrityEver since Harris’ campaign kicked off with Charli XCX’s lime green stamp of approval, Hollywood’s influence has been in the spotlight. Both Harris and Trump swiftly pounced on the “Swiftie” fanbase, showcasing the pop superstar’s immense reach: The Harris campaign created Harris-Walz friendship bracelets inspired by the singer, while the Trump campaign released Eras Tour-inspired T-shirts. As Election Day nears, the Harris campaign is bringing in more A-listers to mobilize people to vote, including a long-anticipated appearance by Beyoncé last week.
Persons: CNN —, Nicky Jam, Donald Trump, ” Nicky Jam, Harris, Jennifer Lopez, Ricky Martin, Marc Anthony, Don Omar, “ Despacito, Luis Fonsi, Bunny, Lopez, Trump, , Danielle Alvarez, Bunny –, Benito Antonio Martínez Ocasio –, Harris ’, , , Bad Bunny, Harris pollster Matt Barreto, ” Barreto, Barreto, ” Beyoncé, Kamala Harris, Annie Mulligan, kamala, Charli, Chappell Roan, Taylor Swift’s, Walz, Beyoncé, Brett Favre, Phil McGraw, Elon Musk, Angela Weiss, Leonardo DiCaprio, Arnold Schwarzenegger, I’m, ” Schwarzenegger, Schwarzenegger, Jon Voight, Kelsey Grammer, Roseanne Barr, Jason Aldean, John Rich, Dennis Quaid, Zachary Levi, Mel Gibson, Mike Tyson, Harrison Butker, Buzz Aldrin, podcasters, Adin Ross, podcaster Joe Rogan Organizations: CNN, Las, Puerto Ricans, Trump’s New, Trump’s New York City, Puerto, Bad, Hollywood, Packers, Trump’s, Television, Madison, Getty, Republican, , Trump, Kansas City Chiefs Locations: Las Vegas, Trump’s New York, “ Puerto Rico, Puerto, Puerto Rican, Pennsylvania, Puerto Rico, Houston, Gen, Green Bay , Wisconsin, Trump’s, New York City, California, American, Hollywood
Gen Zs have found a more authentic resource when researching colleges: college content creators. College content creators give study advice and post snippets of day-to-day school life on TikTok. Helaine ZhaoThe rise of college content creatorsAs of October 29, there were 2.3 million TikTok videos under the hashtag "college life." The popularity of college content on TikTok has introduced a slew of content creators covering their school life. AdvertisementAt the same time, college content can also change how prospective students view a college for the worst, Greg Kaplan, a college advisor, said.
Persons: Zs, , Ryan Fuhrman's, TikTok, Z, Zers, Helaine Zhao, Zhao, Elise Pham, Pham, Lillian Zhang, UC Berkeley vlogs, Zhang, I've, Lucie Vágnerová, Greg Kaplan, Kaplan, Ryan Fuhrman, Fuhrman, Franklin Antonio, Franklin Antonio Hall — Organizations: Service, New York University, University of California, University of Southern, Google, Harvard, Stanford, Yale, Ultimate Ivy League, University of California Berkeley, UC Berkeley, Big Tech, BKT Education, Kaplan Educational, UCSD, NYU, USC, California State University, Franklin, Franklin Antonio Hall Locations: NYU, University of Southern California, Berkeley, Brooklyn, Fuhrman, San Diego, San Jose, La Jolla
Popeyes and Subway recently launched their own takes on a ghost-pepper sandwich. I tried both and thought they were milder than other spicy sandwiches I've had. For the last two years, Burger King has sold a ghost-pepper Whopper and ghost-pepper chicken fries in time for Halloween. Starting in May 2023, Wendy's added its own ghost-pepper items to menus, including fries, chicken nuggets, and chicken sandwiches. Here's what I discovered when I tried the ghost-pepper sandwich from Popeyes and Subway.
Persons: Z's, , Bhut, Burger, Wendy's, Zers, I've Organizations: Subway, Service, YouTube Locations: Imphal, Northeast India
The modern 40 means having toddlers running around, buying your first home, and, at last, catching up on retirement savings. "By the time you're 40, 45, you can't sing, and you can't play guitar; maybe it's time to give up on your aspirations of being a rock star." At work, you realize you're protected from age discrimination, which you feel like you're still much too young for. When we're young, we're happy — and then that declines, bottoming out in middle age, about 40 to 50. The question isn't just whether my 40 will look like my parents' 40 — it's also whether it will look like the 40 of everyone from my high school.
Persons: you've, touchpoints, Carol Graham, they're, Hannes Schwandt, Millennials, they'd, that's, Jean Twenge, Gen X, Silents, Graham, Justin Balik, it's, Oz, Kelly, She's, , It's, They're, We're, Instagram, Gen Zers, Lindsey Anderson, Anderson, midlife, Gen, Emily Stewart Organizations: AARP, Brookings Institution, grays, Northwestern University, Facebook, University of Maryland, Business Locations: midlife, Schwandt, New Jersey, Massachusetts, I'm
Adidas is getting back on track after Yeezy woes
  + stars: | 2024-10-30 | by ( Maria Noyen | ) www.businessinsider.com   time to read: +4 min
Adidas posted strong third-quarter growth. Operating profit jumped to 598 million euros ($646 million) from 409 million euros ($442 million) the year before. AdvertisementBjørn Gulden, who took over as Adidas CEO in 2023, said the Q3 numbers were evidence that Adidas is "moving in the right direction." Adidas stock dipped slightly on Wednesday but is up 20% since the start of the year, valuing the company at almost 40 billion euros ($43 billion). Related storiesOne of the reasons Adidas is finding success in the increasingly competitive athleisure and footwear industry is through the revival of retro styles such as the Adidas Samba, which was coronated the "It Shoe" of 2023.
Persons: Bjørn Gulden, , Ye, Bjørn, Alexander Hassenstein, Neil Saunders, Gulden, Matthew Quint, Quint Organizations: Adidas, Service, Kanye, Puma, Center, Global Brand Leadership, Columbia Business School, Nike Locations: China
The map, Freedom Town, USA, focuses on affordable housing and Harris' proposed policies. I spent a day in Freedom Town, USA, building housing, and it was pretty empty. AdvertisementWelcome to Freedom Town, USA, a Fortnite world created by the Harris-Walz campaign. I took a trip to Freedom Town, USA, and spent the day observing and attempting to talk to players. So far, Freedom Town hasn't taken off; according to third party player statistics tracker Fortnite.GG, the Freedom Town map saw an all-time and 24-hour peak of 563 users.
Persons: Harris, Walz, , Walz's, Gen Zers, would've, unmuted, Lauren Obanion, Obanion Organizations: Freedom Town, Service, Entertainment Software, YouGov, Freedom, New, DC Metro Locations: USA, Freedom Town, New York City, Ohio
The betting site Polymarket has emerged as a hot topic in the 2024 presidential race. Wagers in its pop culture section show the bro-y vibe of the site: Zyn, Andrew Tate, and Hawk Tuah. Let's look at some of the wagers:Will Trump say "skibidi" before the election? Will Donald Trump say "mog" in 2024? AdvertisementFor the record, I think the odds that Trump will say "skibidi" before the election are way too low.
Persons: Trump, Andrew Tate, Hawk, , Will Trump, Will Kamala Harris, Joe Rogan's, Will Donald Trump, Roaring Kitty, Logan Paul, Max Read, Joe Rogan, Gen Z'ers, MAGA, Theo Von, Adin Ross, Taylor Swift, Travis Kelce, Shayne Coplan, There's, Polymarket, haven't, I'm, who's, John Herrman, McDonald's Organizations: Service, Trump, New, New York Magazine, Harris, Dodgers, Yankees Locations: MrBeast
“You need real young people,” said Austin, the founder of ForwardBlue. He says he’s devoted as much time as possible to politics since then, postponing college and deprioritizing typical adolescent activities. “I spent every minute I could after school volunteering for my state party, building websites for Democrats, doing whatever I could,” he said. What sets the group apart from other Democratic groups trying to reach young people is not just its message, Austin said, but how it delivers it. “The rent is too damn high,” Austin said, referring to a political moment that went viral when he was in first grade.
Persons: David Austin, , Austin, ” Austin, Donald Trump’s, he’s, , they’re, Sen, John Fetterman, Kamala Harris, Joe Biden, can’t Organizations: Gen, Pennsylvania Democrat Locations: mom’s, Jersey, Pennsylvania, Maryland , Montana , Ohio, Wisconsin
AdvertisementBehind the booming appetite for new smells is Gen Z. AdvertisementIf there's one thing Gen Z loves, it's a name for something. Under the handle @juliaperfumery, she shares perfume reviews for her primarily Gen Z audience against the backdrop of her New York City apartment's perfume closet. "If there's one thing Gen Z loves, it's a name for something," O'Toole says. There are back-to-school scents, scents to win your ex back, scents to smell like Vanessa Paradis in Paris in the '90s — the list goes on.
Persons: Julia Dovgal, douse, mother's Chanel, Dior, Jo Malone's, Wood, Dovgal, She's, Circana, Gen Zers, Gen Xers, It's, Piper Sandler, Valentino, Jean Paul Gaultier, Maison Francis Kurkdjian's, TikTok, Phlur, , it's, Juliette, Emelia O'Toole, There's, O'Toole, We've, Vanessa Paradis, Piper, Cathrine Jansson, Boyd, " Jansson, Gen Z, Chanel, Marilyn Monroe, Catherine Deneuve, Nicole Kidman, isn't, Gris Charnel, Jansson, Bella, Susan Wai Hnin, Zers Organizations: Saks, Perfume, Anglia Ruskin University, Urban Outfitters, rockstar Locations: Salt, Bath, New York City, TikTok, New York, Paris, London
Beauty and Estée Lauder are well-known companies in the beauty and cosmetics industry. Their customers generally have higher disposable incomes, as Estée Lauder is a luxury brand emphasizing premium, high-quality ingredients. Estée Lauder combines a traditional retail model with a growing e-commerce presence. Estee Lauder has fallen roughly 45% over the past seven months. ELF EL YTD mountain Estee Lauder vs. elf Beauty, YTD e.l.f.
Persons: Estée Lauder, Gen X, Nordstrom, Estee Lauder, Trump Organizations: Target, Walmart, Presidential, CNBC, NBC UNIVERSAL Locations: U.S, North America, United States, Asia, Europe, Americas, China, Estee
The end of American careerism
  + stars: | 2024-10-28 | by ( Aki Ito | ) www.businessinsider.com   time to read: +13 min
AdvertisementClimbing the corporate ladder was once the cornerstone of the American dream. Maybe that's why earlier this year, a young New Yorker struck a chord on TikTok when he vowed to "descend the corporate ladder." Eventually, he got promoted into a corporate office role, and that opened up even more opportunities for advancement. "That was a betrayal from a company I had been incredibly dedicated to," Zack told me. Besides, the dream of climbing the corporate ladder was probably never as great as it seemed to be.
Persons: Zack, I'm, I've, Randstad, James Yates, Dell, careerism, Benjamin Franklin —, Shoshana Zuboff, James, he's, who's, Gen, Xers, Gen Zers, Michel Anteby, Aki Ito Organizations: New Yorker, Industrial, . Companies, Harvard Business School, BI, Professionals, Gallup, Boston University, Business Locations: United States, Italy, Spain, New Zealand, New, America
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