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☆ Sallie Mae hikes yield on 1-year CDs as Fed stays in rate policy holding pattern
▼ + stars: | 2024-06-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Last week, Sallie Mae boosted the annual percentage yield for its 12-month CD by 10 basis points, or 0.10% week over week, to 5.15%. Certificate of deposit rates have come a long way since the Fed started raising interest rates in March 2022. The average online bank APY has gone up by 4.14 percentage points to 4.79% since then, Wells Fargo analyst Michael Kaye said in a note Friday. Since banks generally follow the fed funds rate, interest rates on CDs and savings accounts are expected to fall in turn. "Broadly we still expect online bank deposit rates to decline," BTIG's Caintic said.

Persons: Sallie Mae, we're, Vincent Caintic, Wells Fargo, Sallie Mae's, APY, Wells, Michael Kaye, BTIG's Caintic, Morgan Stanley, BOK Organizations: Federal Reserve, Fed, New York Community Bancorp, Federal Deposit Insurance Corp, FDIC, Bank, Bank of America Locations: Wells, Wells Fargo, company's

☆ Cramer's Lightning Round: Vertiv is a buy
▼ + stars: | 2024-06-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Vertiv's year-to-date stock performance. Stock Chart Icon Stock chart icon Monday.Com's year-to-date stock performance. Stock Chart Icon Stock chart icon NuScale Power's year-to-date stock performance. Stock Chart Icon Stock chart icon Palo Alto Networks' year-to-date stock performance. Jim Cramer's Guide to Investing Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter.

Persons: NuScale, Palo Alto's, I'm, Jim Cramer's Organizations: Palo Alto Networks

☆ I'm an ex-Google recruiter and head of talent at DoorDash. PIPs should stand for 'paid interview period' — if you're put on one, get out fast.
▼ + stars: | 2024-06-06 | by ( Ashley Couto | ) www.businessinsider.com time to read: +5 min

Then, I became the head of recruiting at DoorDash and later the chief people officer at Carta, a pre-IPO equity management company for startups. My first experience with PIPs was at DoorDashDoorDash was the first place I encountered performance improvement plans or PIPs. When I joined as the head of talent in March 2015, I was the company's 50th employee. To be candid, I've never seen somebody survive a PIP. I've never heard of somebody who went on a PIP and became a top performer at that company.

Persons: —, Nolan, I've, DoorDash, weren't, it's Organizations: Service, Nolan Church, Google, Carta, Business Locations: DoorDash, Carta

☆ Nvidia's 10-for-1 stock split is set for Friday. Here's what you need to know, plus what its fair value will be after, according to Morningstar's chief US market strategist.
▼ + stars: | 2024-06-05 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Nvidia is set to make a 10-for-one forward stock split on June 7, which means your one share will become 10 shares. A stock split won't change a company's economic value or the value you hold of it. It only changes the proportionate amount of ownership that each share represents, says Dave Sekera, Morningstar's chief US market strategist. After the stock split, its fair value would go to $105, Sekera noted. One notable impact that could result from a lower share price is Nvidia's increased potential of being included in price-weighted indexes, specifically the Dow Jones Industrial Average.

Persons: —, Dave Sekera, Sekera Organizations: Service, Nvidia, Business, Dow Jones

☆ I've stopped making friends at work
▼ + stars: | 2024-06-04 | by ( Alexandra Karplus | ) www.businessinsider.com time to read: +8 min

Because the city has a large transient population, I've seen many friends and coworkers come and go — but even this has had benefits. I've made trips to visit my work friends in their new homes around the world. Work friendships started back in New York and are still going strongThese types of strong connections with colleagues didn't just start in Singapore. More than half of those surveyed said they'd met a close friend through their work or a spouse's work. I haven't been introduced to any of my coworkers' friends or partners, nor has my husband met any of them.

Persons: —, Peter, he'd, I've, I'm, didn't, Jacques Torres Chocolate, lockdowns, they'd, Slack, Vivek Murthy, Murthy, haven't Organizations: Service, Singapore Botanic Gardens, Business, Global, Business Insider, Research, Survey Center, American, Associated Press Locations: Singapore, New York, Guildford, Bali, —, Manhattan, Dumbo , Brooklyn, Bangkok

☆ I changed my name for both of my failed marriages. I'm never doing it again.
▼ + stars: | 2024-05-31 | by ( Andrea Javor | ) www.businessinsider.com time to read: +4 min

But, during all of the emotional, logistical, and legal stresses of going through my second divorce, one problem often felt worse than others: changing my name, again. I had changed my name beforeI never felt particularly attached to my maiden name. In addition to the humiliation at work, I also changed my Facebook, Instagram, Pinterest and LinkedIn profile names back to my maiden name. It's ironic, really, that I worked in marketing for decades and didn't value the brand of my given name. The second time I didn't change it legally but did publiclyIn my second marriage, while I didn't change my name legally, I did adjust my social media handles to reflect my marital status.

Persons: I've, I'd, Andrea Ellen Javor, Andrea Javor Organizations: Service, sheepishly, Facebook, LinkedIn Locations: Chicago

☆ Loyalty at work no longer pays — and it's employers who are to blame
▼ + stars: | 2024-05-31 | by ( Steven Piluso | ) www.businessinsider.com time to read: +7 min

I got an early impression of what company loyalty was supposed to beAfter college graduation at age 22, I got my first job at an advertising agency. And you didn't worry about jumping around for money; if you took care of the company, they'd take care of you and your family." AdvertisementHe gave them 40+ years of his life, and in return they took great care of him. The broken loyalty contract between employers and workers can be repairedIs loyalty a dated and dead concept? In fact, the shift in values from Gen-X to millennials and Gen-Z creates a great opportunity to ignite loyalty.

Persons: —, I've, I'd, He'd, who'd, Gen X, Steven Piluso Organizations: Service, Business, Fortune Locations: Nantucket, Vermont

☆ Ex-CEO of $2 billion company: I couldn't break the glass ceiling—so I went around it instead
▼ + stars: | 2024-05-31 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Julia Stewart, the former CEO of Dine Brands, who is now founder and CEO of wellness company Alurx. Julia Stewart's rise to CEO was nothing like climbing a career ladder. She's currently the CEO of wellness company Alurx, which she founded in 2020. Sometimes, that meant moving to different regions within the same company, Stewart says. Instead, learning more about how individual restaurants brought in money opened up Stewart's career path.

Persons: Julia Stewart, Julia Stewart's, Stewart, She's, —, Carl's, Burger, Stuart Anderson's, she'd, could've, IHOP's, Applebee's Organizations: Dine Brands, Dine, CNBC, San Diego State University, Burger King, Angus, Taco Bell, Taco, Applebee's Locations: Taco

☆ Don’t forget this one line on your resume, says former head of talent acquisition at Nike
▼ + stars: | 2024-05-31 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

As such, many will also be writing their resumes for the first time in hopes of catching recruiters and hiring managers' attention. There's one more line worth including under each experience that could give recruiters a sense of your history. "I think it's really helpful to have an anchor statement," says James Hudson, an HR executive who's headed talent acquisition at companies like Nike and Levi Strauss & Co. 'Fintech company with half a billion dollars in revenue'An anchor statement shows up under your job title and the company you worked for. "But even for consumer-facing brands," says Hudson, "it can be helpful to put the anchor statement because, yeah, sure, everyone's heard of Nike or Apple, but most people probably don't know how big those companies are."

Persons: —, James Hudson, who's, Levi Strauss, Hudson, everyone's Organizations: Nike, Apple

☆ Psychology expert shares her No. 1 tip on how to deprioritize work and live a purposeful life
▼ + stars: | 2024-05-30 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +1 min

Jodi Wellman, a positive psychology expert, was an executive leader for 17 years but realized that achieving the pinnacle of success wasn't bringing her any joy. She previously held executive positions at companies like The Sports Clubs of Canada and Bally Total Fitness. "I was probably at the end of what I could do with that company, my proverbial glass ceiling," she said. Wellman said her whole identity rested on her career, so the feelings of hopelessness and fear were intensified as a result. What she realized was that she had pinned all her hopes on finding meaning through work while overlooking every other aspect of her life.

Persons: Jodi Wellman, Wellman, I'd Organizations: CNBC, Sports Clubs of Canada, Bally

☆ The American shopping spree is losing steam
▼ + stars: | 2024-05-30 | by ( Bryan Mena | Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

CNN —It’s becoming tougher and tougher for Americans to carry on with their spending spree. Years of elevated inflation and the highest interest rates in almost a quarter century are wearing out the US consumer. Savings accumulated during the Covid-19 pandemic are drying up, borrowers continue to rack up debt and delinquencies are marching higher. A second estimate of gross domestic product, released Thursday, showed that consumer spending was weaker in the first three months of the year than initially reported. Economists polled by FactSet are expecting data to be released Friday to show that consumer spending slowed notably in April from March.

Persons: CNN —, they’ll, ” Carol Schleif, FactSet, Thomas Kingsbury, TJ Maxx Organizations: CNN, Savings, BMO Family Office, Employers, Walmart, Dollar, Goods, Abercrombie, Fitch

☆ Cramer's Lightning Round: Apple is a buy
▼ + stars: | 2024-05-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Datadog's year-to-date stock performance. Stock Chart Icon Stock chart icon Axcelis Technologies' year-to-date stock performance. Stock Chart Icon Stock chart icon Tegna's year-to-date stock performance. Stock Chart Icon Stock chart icon Bristol-Myers' year-to-date stock performance. Stock Chart Icon Stock chart icon Palantir's year-to-date stock performance.

Persons: Let's, Myers, Rowe Price's, Rowe Price Organizations: Technologies, Axcelis Technologies, Novo, Novo Nordisk, Bristol, Myers, Pfizer Locations: Bristol

☆ Super Micro Computer shares were choppy after Nvidia earnings. Here's where analysts see it going
▼ + stars: | 2024-05-28 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Super Micro Computer emerged as an investor darling early this year, as Wall Street unearthed the stock, driving it higher with gains that rivalled even Nvidia's. After Nvidia reported blockbuster earnings last Wednesday, Super Micro's shares were rocky again. The prominence of data centers in the AI boom is another tailwind for Super Micro, BofA noted, given the cooling needs of such centers. BofA reiterated its buy rating on Super Micro, giving it a price target of $1,090, or potential upside of about 23%. In a May 20 note, JPMorgan said it has an overweight rating on Super Micro.

Persons: BofA, Supermicro, Paul Meeks, Meeks, JPMorgan, — CNBC's Michael Bloom Organizations: Micro, Super, Nvidia, Wall, Portfolio Management, CNBC, JPMorgan, Intel, AMD Locations: United States

☆ Elite tutors can earn $180,000 and travel the world, but are risking a 'Faustian pact' with the superrich
▼ + stars: | 2024-05-25 | by ( Cameron Manley | ) www.businessinsider.com time to read: +10 min

Read previewA wealthy family wants to hire a private tutor for their two young children. The position includes a minimum annual salary of $180,000, nine weeks of annual vacation, and accommodation and travel expenses. The UK-based tutoring agency Tutors International, searching for the highly lucrative tutoring role, has been described as the "Dom Perignon" of the industry. "In 2001, we thought charging a client £28,000 ($35,000) a year was a lot of money," Caller told Business Insider. Advertisement"Graduates from elite universities are often making a Faustian pact: serving the wealthy to pay their post‐graduation debts," he said.

Persons: —, Dom Perignon, Adam, Jerome Barty, Taylor, Lu ShaoJi, Mark Bray, Bray, it's, Lee Elliot Major, you've Organizations: Service, Business, International, Oxford, Cambridge University, Ivy League grads, UNESCO, Comparative, University of Hong, Monaco, Social Mobility, University of Exeter Locations: Europe, Hong Kong, Champagne, Cambridge, Oxford, Dubai, University of Hong Kong, London, Russia, Britain

☆ I was a millionaire by the age of 30. As preteens, my kids learned how to use debit cards, and I taught them how to save money.
▼ + stars: | 2024-05-25 | by ( Kelly Burch | ) www.businessinsider.com time to read: +6 min

While we were building our businesses, we were also building our family: our kids are now 20, 19, 16, and 12. Related storiesI think of it as more of a salary approach to allowance than paying kids for specific chores. I taught the three uses of moneyOne of my most frequent dad-isms is about the three uses of money: giving, saving, and spending. I relate money to the real worldMoney can be very abstract, so I've always tried to tie it into my kids' daily actions. We opened bank accounts when the kids were 5, and got them debit cards when they were preteens.

Persons: David Ciccarelli, Stephanie, we'd, I've, I'm Organizations: Service, Disney Locations: voices.com, New York City, Tesla

☆ Former BP exec's ex-husband gets prison for insider trading after eavesdropping on her calls
▼ + stars: | 2024-05-22 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

The ex-husband of a former BP mergers and acquisitions manager was sentenced to two years in federal prison for insider trading that netted him $1.76 million after he eavesdropped on her work calls about the oil giant buying another company. The ex-husband, Tyler Loudon, also was sentenced to one year of supervised release after his prison term and fined $10,000 by U.S. District Court Judge Sim Lake in Houston on Monday. The prison sentence was at the bottom end of the 24-to-30-month range requested by federal prosecutors. His purchases started after he secretly listened to his wife's work calls about BP buying TravelCenters and later discussed the deal with her in "normal" married-couple kinds of conversations, according to court records. Loudon's wife, who was not accused of wrongdoing, reported his actions to her BP supervisor, but she ended up getting fired later, court records show.

Persons: eavesdropped, Tyler Loudon, Sim Lake, Loudon's, Peter Zeidenberg, Lake, Loudon, Mr, Tyler, Zeidenberg Organizations: U.S, BP, Industry, Authority, CNBC Locations: Houston, Loudon, TravelCenters, America

☆ Cramer's Lightning Round: DraftKings is a buy
▼ + stars: | 2024-05-16 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Accenture's year-to-date stock performance. Stock Chart Icon Stock chart icon Ouster's year-to-date stock performance. Stock Chart Icon Stock chart icon Vistra's year-to-date stock performance. Stock Chart Icon Stock chart icon DraftKings' year-to-date stock performance. [buy, buy, buy!]

Persons: I'm, it's, I've, DraftKings Organizations: Accenture, Boston

☆ Why OpenAI is the first company to be No. 1 on the CNBC Disruptor 50 list two years in a row
▼ + stars: | 2024-05-14 | by ( Julia Boorstin | ) www.cnbc.com time to read: +1 min

Persephone KavallinesIt's a first for the annual CNBC Disruptor 50 list: a company landing at No. Perhaps no surprise, that company is OpenAI. More than any other startup in the 12-year history of the Disruptor 50 list, OpenAI's disruptive impact and potential is unparalleled. In fact, 34 of this year's Disruptor 50 companies describe AI as critically important to more than half of their revenue. Thirteen say that it is generative AI, specifically, that is critically important to the majority of sales.

Persons: It's Organizations: CNBC

☆ The restaurant stocks that are killing it in this market have one thing in common
▼ + stars: | 2024-05-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +17 min

When a company performs well and I interview its CEO on CNBC, I consider the stock's performance before fashioning my questions. Maybe the company had been poorly run and the guest is a new CEO who is turning it around. Once Wood picks a stock, that company can do no wrong, which is code for she can do no wrong. And take it from me, an old Mexican restaurant veteran, it travels better than any other restaurant chain. We should have just bought Dutch Bros. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: Albert Manifold, Rather, That's, Chris Gibson, Jensen Huang, Huang, Gibson, Cathie Wood, Wood, that's, Brinker, Chipotle, Chipotle execs, Taco Bell, isn't, Yum, McDonald's, Laxman Narasimhan, Howard Schultz, let's, Narasimhan, Joe, Locker, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: CNBC, Pharmaceuticals, Nvidia, ARK, Gallup, Darden, Diageo, Brands, KFC, Taco, Taco Bell, Texas, Starbucks, Management, Bros, Dutch Bros, Jim Cramer's Charitable, Starbucks Corp, Health, Education, Labor, Bloomberg, Getty Locations: United States, U.S, Dublin, Ireland, Europe, Texas, Olive, East, Israel, Washington , DC

☆ Jack Dorsey said Twitter's board 'has always been a problem' and that he plotted his exit from the firm because of its activist investor
▼ + stars: | 2024-05-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Jack Dorsey said Twitter's board — and its activist investor — prompted him to plan an exit from the firm. "I was happy to see it end," Dorsey said of the board when Elon Musk took Twitter private. AdvertisementDorsey told Solana that earlier on, he'd tried to bring Musk onto Twitter's board but was stopped twice. In April 2022, Musk joined Twitter's board of directors after taking a 9.2% stake in the company. But Dorsey said he was also unhappy with the board because of an activist investor seeking to boot him, he said.

Persons: Jack Dorsey, —, Dorsey, Elon Musk, Mike Solana, Parag Agrawal, Solana, he'd, Musk, Paul Singer, Elliot Management's, It's, Dorsey didn't, Bluesky, Donald Trump, Nick Fuentes Organizations: Elon, Twitter, Service, Fund, Elliott Management

☆ Cramer's Lightning Round: CME Group is a buy
▼ + stars: | 2024-05-07 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Caterpillar's year-to-date stock performance. Stock Chart Icon Stock chart icon C3.ai's year-to-date stock performance. Stock Chart Icon Stock chart icon CME Group's year-to-date stock performance. CME Group : "[buy, buy, buy!] Stock Chart Icon Stock chart icon Tesla's year-to-date stock performance.

Organizations: CME

☆ The fall of Gucci was inevitable
▼ + stars: | 2024-05-03 | by ( Madeline Berg | ) www.businessinsider.com time to read: +13 min

"We got used to hearing about double-digit growth at Gucci," Fflur Roberts, the head of luxury goods at Euromonitor, told Business Insider. "I think of what a fashion editor is wearing — it's not Gucci," Lindsey Solomon, a fashion publicist, told BI. After taking the top spot on the Lyst Index of fashion's hottest brands in 2022, Gucci dropped to number 11 last quarter. "We still believe the Gucci brand's current growth rate, which is 10 times higher than that of the industry, represents a risk going forward," Morningstar's Sokolova wrote in a 2017 note. Gucci relied heavily on China for its growth, but stores — perhaps including this one in China's Hainan Province — have struggled recently.

Persons: Alessandro Michele's, loafers, Gigi Hadid, Sienna Miller, Steve Madden, ASOS, Sally Singer, Michele, Fflur Roberts, Alessandro Michele, Harry Styles, Billie Eilish, Jared Leto, Kevin Mazur, Bauer, Griffin, Jeff Kravitz, Gucci, Sabato De Sarno, Lindsey Solomon, De Sarno, François, Henri Pinault, China —, Jelena Sokolova, Solomon, Daniele Venturelli, Michele —, Sokolova, It's, Thomas Chauvet, Morningstar's Sokolova, Michele's Gucci, wasn't, Jeremy Moeller, Chauvet, Roberts, Chanel, Gucci's, Gucci hadn't, Hermès, Birkin, Louis Vuitton's Neverfull, Pinault, Louis, Euromonitor's Roberts Organizations: Creative, Gucci, The Recording Academy, Axelle, Morningstar, BI, Citi, Disney, Getty, Revenue, China News Service, Bain, Louis Vuitton Locations: Euromonitor, China, The Asia, Pacific, China's Hainan Province, Asia

☆ FCC fines big phone companies nearly $200 million for sharing customer location data
▼ + stars: | 2024-04-30 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

The FCC fined four US network providers nearly $200 million for illegally sharing customer data. AdvertisementThe Federal Communications Commission fined four US wireless carriers close to $200 million for illegally sharing access to customers' location data. The FCC said on Monday that these phone companies sold customers' location data to "aggregators," who resold access to the data to companies that provide location-based services. The FCC said dozens of location-based services accessed phone companies' customer data without ensuring consumer consent, even after the phone companies were aware of the links. In response to the FCC fines, all three phone providers said they expect to appeal the decision.

Persons: —, Jessica Rosenworcel, Ron Wyden Organizations: FCC, Service, Federal Communications Commission, Verizon, Mobile, Sprint, Companies, CNN

☆ FCC fines wireless carriers millions for sharing user locations without consent
▼ + stars: | 2024-04-29 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

Washington CNN —The US government has issued millions of dollars in fines to AT&T, Sprint, T-Mobile and Verizon after an investigation found the nation’s top wireless carriers had illegally shared customers’ personal data without their consent. The fines target a practice in which carriers shared user location information with data resellers, known in the industry as “location aggregators.” These aggregators passed the data onward to their own third-party customers. “Each carrier attempted to offload its obligations to obtain customer consent onto downstream recipients of location information, which in many instances meant that no valid customer consent was obtained,” the FCC said in a release. In response to the FCC fines, all of the wireless carriers said they expect to appeal the decision. We take our responsibility to keep customer data secure very seriously and have always supported the FCC’s commitment to protecting consumers, but this decision is wrong, and the fine is excessive.

Persons: Trump, perversely, ”, “, Oregon Democratic Sen, Ron Wyden, Wyden, ” Wyden Organizations: Washington CNN, Mobile, Verizon, Federal Communications Commission, FCC, Sprint, ” Verizon, Oregon Democratic Locations: Securus

☆ I quit medicine for an entry-level corporate job. I felt behind but didn't have the passion to become a low-paid doctor.
▼ + stars: | 2024-04-25 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Salaha Ashraf spent her last few years of medical school feeling stressed and anxious. Ashraf went to medical school in 2014 but pivoted into a corporate career after deciding she didn't want to be a doctor. I felt more passionate about business management after one year compared to four years of medical school. I don't wish I was a doctorI try to look back at medical school in a positive light. If I felt empowered to follow my passion, maybe I would have studied psychology, which I found interesting at school.

Persons: Salaha Ashraf, —, Ashraf, I've, I'd Organizations: Service, NHS, Business Locations: Bolton, England

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