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London CNN —Volkswagen plans to close “at least” three factories in Germany, lay off tens of thousands of staff and downsize remaining plants in the country, the company’s employee group said Monday. The plans are already facing pushback from labor unions in the country, where Volkswagen employs 295,000 people, setting the stage for possible strikes in the coming weeks. Volkswagen has been locked in negotiations with unions for weeks over its plans to cut costs and restructure business operations. A Volkswagen employee holds a placard reading "Hands off the collective agreement" during a VW works council event in Zwickau, eastern Germany on October 28, 2024. It has previously said that it would seek to terminate an employment protection agreement with labor unions, which has been in place since 1994, to “future proof” the business.
Persons: ” Thorsten Groeger, Metall, IG Metall, Volkswagen’s, Daniela Cavallo, ” Cavallo, Jens Schlueter, Gunnar Kilian, ” Thomas Schaefer, , Volkswagen Organizations: London CNN, Volkswagen, VW, IG, CNN, , Getty, Labor Locations: Germany, Zwickau, AFP, China, Europe
“I don’t think there’s inconsistency between loyalty to the Constitution and support for Donald Trump,” Vance added. If he was what John Kelly said he was, then why did Donald Trump deliver peace and prosperity?” Vance asked. He then accused Trump’s opponent, Vice President Kamala Harris, of using the Justice Department to target political foes. There is no evidence that the Justice Department targets the political opponents of Harris or President Joe Biden. You mentioned one person, two people, a disgruntled ex-employee, Kristen, who Donald Trump fired.”
Persons: Ohio Sen, JD Vance, Vladimir Putin, , ” Vance, Donald Trump’s, , Kristen Welker, Vance, Putin, Mike Pence, Trump, Donald Trump, Trump’s, John Kelly, Staff Mark Milley, “ Donald Trump, Kamala Harris, Harris, Joe Biden, Welker, Kelly, Kristen Organizations: NBC, Press, NATO, United, Constitution, Trump, Joint Chiefs, Staff, Justice Department, of Justice, Democratic Party, White, Department of Justice Locations: Ohio, Ukraine, Russia, Europe
Picture this common scenario: Person #1 is in the middle of sharing something meaningful with Person #2. Suddenly, they notice Person #2 is scrolling through their phone instead of listening. Can you relate to Person #1 or Person #2 — or maybe both? In my research on emotionally intelligent digital etiquette, I've found that phubbing erodes trust and weakens connections, leaving others feeling lonely, insecure, resentful — and dissatisfied in their relationship with you. Instead of letting their phone control their attention, they take the following three steps to stay present.
Persons: you've, Phubbing, I've,
Trump's comments on the war in Ukraine have raised questions about how he'd handle it if he won reelection. Here are the possible scenarios in the war should Trump win the White House again. AdvertisementFormer President Donald Trump talks a lot about Russia's war in Ukraine, often making bold assertions about what he would do if he again won the White House. Mick Ryan, a retired major general and a prominent Ukraine war watcher, said many options are on the table. She also said that "if Donald Trump were president, Putin would be sitting in Kyiv right now."
Persons: Trump, he'd, Putin, , Donald Trump, He's, Mick Ryan, Carl Court, Vladimir Putin, Volodymyr Zelenskyy, SERGEY SHESTAK, would've, Seth Jones, DIMITAR DILKOFF, Biden, Zelenskyy, I've, There's, JD Vance, YASUYOSHI CHIBA, Vladimir, Roman PILIPEY, Trump hasn't, Kamala Harris, hasn't, Harris, Anna Moneymaker, Jens Stoltenberg Organizations: Trump, White, Service, Republican, Getty, International Security Program, Center for Strategic, International Studies, Ukraine, Getty Images, Wall, NATO, Democratic Locations: Ukraine, Zelenskyy, Russia, Crimea, Kyiv, Moscow, Georgia, AFP, North Carolina, ceasefires
The best negotiators Mark Cuban has worked with — or against — have something in common: They're willing to compromise. "One: They're patient because they know what they're trying to accomplish," Cuban, 66, tells CNBC Make It. Cuban tries to showcase those qualities as an investor judge on ABC's "Shark Tank," where he often practices patient silence — sitting quietly while his fellow panelists offer up their thoughts and questions. DON'T MISS: The ultimate guide to negotiating a higher salary″There will be times when someone walks in on 'Shark Tank' and I'm thinking to myself: 'There's no way I'm interested.' Or, if I am, I don't have quite all the data that I need to make a decision,'" Cuban said.
Persons: Mark Cuban, , Chris Voss Organizations: CNBC
Outside of technology giants like Nvidia and Apple, you may not have heard of many of the top 10 publicly traded companies that delivered the highest 25-year total return to their investors. A few years later, on October 22, 1999, its stock price had risen slightly to over $3. If you had invested $10,000 in the company at that time, your investment would be worth nearly $9 million as of October 22, per CNBC's calculations. Nvidia has experienced meteoric growth in the value of its stock over the past quarter century as well. A $10,000 investment in Nvidia made 25 years ago would be worth a little over $32 million now.
Organizations: Nvidia, Apple, Corporation, CNBC
Though the job was remote, she was asked to commute an hour into the office for her first week of onboarding. Why companies bait-and-switch job candidatesExperiencing a bait-and-switch during job interviews is a frustrating candidate experience and highlights one of the many breakdowns in today's hiring process, says Jon Stross, president and co-founder of Greenhouse. For the most part, these experiences say more about the hiring team than you as a candidate, he says. How to confront a bait-and-switch job interviewAs far as confronting the experience as a job candidate, Stross says your best defense is to ask plenty of questions throughout the hiring process. "This is not a normal red flag — this is a flaming red flag."
Persons: Alexis Byrd, Byrd, , I'd, it's, Jon Stross, Stross, It's, Pynes, Weston Davis, Davis, I'm Organizations: CNBC, Greenhouse, Fox Rothschild LLP, Dell, Walmart Locations: Detroit, U.S, Los Angeles, San Francisco
Tim Cook's path to becoming Apple's CEO started with an unglamorous job: waking up at 3 a.m. to deliver newspapers. Cook, now 63, started working at a young age, just 12 years old, to begin saving money, he told The Wall Street Journal on Sunday. "Throwing papers helped start my college education," said Cook, who became the first member of his family to attend college. DON'T MISS: The ultimate guide to negotiating a higher salaryAs a pre-teen, Cook found a job delivering the Mobile Press Register newspaper to start putting away money. "Everybody was expected to work in my family," said Cook, who described his daily routine at the time: "I'd get up at about 3 in the morning, pick up the stack of papers and start throwing.
Persons: Tim Cook's, Cook, Cook doesn't Organizations: Wall, Apple, The Washington, Mobile Press Register Locations: Robertsdale , Alabama
As a jobseeker, it's easy to feel like any job opportunity is a good one. "Getting to a job offer is a great thing," says Amanda Augustine, career expert at TopResume. Here's how to tell if a job opportunity is right for you, and how to walk away if it's not. If the offer they give you can't match your must-haves — even after you've tried negotiating — it might be time to walk away. The second reason a job might not be the right opportunity is that you detect it has a certain environment that wouldn't be best for you.
Persons: Amanda Augustine, it's, Stacie Haller, you've, Augustine, Haller
China's Xi Jinping negotiated a truce with India's leader, Narendra Modi. AdvertisementAt the BRICS summit in Russia this week, China's leader Xi Jinping and India's Prime Minister Narendra Modi shook hands for the first time in five years. AdvertisementAfter their meeting at the summit hosted by Russia's President Vladimir Putin, Xi and Modi said they would continue discussions on resolving the issue. AdvertisementIn any case, its a setback in US attempts to include India in a deeper security alliance, he said. "For a long time, the US has tried to develop security and defense ties with India," said Panda.
Persons: China's Xi Jinping, Narendra Modi, that's, , Xi Jinping, Vladimir Putin, Xi, Modi, Jagannath Panda, Putin, Zhiqun Zhu, Zhu, Yawar Nazir, Praveen Donthi, there's, Rahul Bhatia, Donthi, it's Organizations: Service, India's, Russia's, US, Stockholm Center, South, Pacific Affairs, Bucknell University, America, Reuters, Quad Alliance, Getty, Eurasia Group Locations: China, Russia, Washington ,, India, Japan, Australia, United States, Beijing, Asia, Pacific, Indian, Leh, South Asia, Europe, Ukraine, Taiwan
Here's how the process could work and what Wall Street bankers stand to gain. AdvertisementAs third-quarter earnings demonstrated, Wall Street dealmaking appears to be bouncing back after three years of lackluster activity. Spokespersons for both Goldman Sachs and Morgan Stanley declined to comment or confirm their reported participation in the project. The two investment bankers – neither of whom are affiliated with Goldman, Morgan Stanley, OpenAI, or Microsoft — requested anonymity to preserve industry relationships. Largely speaking, however, Wall Street is poised to win, Roberts said.
Persons: Goldman Sachs, Morgan Stanley, , OpenAI, , Morgan Stanley's, PwC, Michael Roberts, Morgan, Roberts, Wharton, dealmaker, Sam Altman, Altman, Elon Musk, Reed Alexander Organizations: Service, Wall Street Journal, Microsoft, The, BI, Wharton School, University of Pennsylvania, Goldman, Wall Street, Wharton, dealmakers, Apple, Tesla Locations: San Francisco, Silicon Valley
➡️ In a CNN town hall, Harris called Trump a “fascist” and said he suggested he is unfit for office. Earlier in the day, she blasted Trump’s reported praise of Hitler. ➡️ The Harris campaign says it’s preparing for a deluge of litigation before and after Election Day. ➡️ Seven maps show how Trump, Harris and their running mates are dividing their time in critical swing states. ➡️ Trump’s reported racist insult about a slain Mexican American soldier has drawn backlash and staunch denials.
Persons: Donald Trump isn’t, McDonald’s, Trump, Harris, Donald Trump, Kamala Harris, they’ve, , Tim Walz, ➡️ Harris, Trump’s, Hitler, ➡️, Hillary Clinton, Elon Musk’s, ➡️ Trump’s, ➡️ Trump, Boeing machinists, machinists, Helene, Peter O’Leary, O’Leary, Robert Card, George Frey, Gaza Mahmoud Issa, Chantal Da Silva, Elizabeth Robinson Organizations: Boeing, NBC, Israel, CNN, Steelers, Trump, State, DOJ, GOP, CDC, NBC News, FEMA, Semaglutide, PBS, Anadolu, Getty, United Nations, NBC News ’, Atlas Coffee Locations: Traverse City , Michigan, Detroit, New York, Pittsburgh, Mexican, Colorado, Here’s, U.S, North Carolina, Chimney Rock , North Carolina, Pennsylvania, Lewiston , Maine, Wyoming, Jackson , Wyoming, Georgia, Gaza
Boeing machinists voted against a new labor deal that included 35% wage increases over four years, their union said Wednesday, extending a more than five-week strike that has halted most of the company’s aircraft production, which is centered in the Seattle area. The strike is costing the company about $1 billion a month, according to S&P Global Ratings. The International Association of Machinists and Aerospace Workers union had originally sought wage increases of 40%. The strike began as Boeing was working to ramp up production of the 737 and other aircraft. Spirit AeroSystems last week said it would temporarily furlough about 700 workers and that layoffs or other furloughs are possible if Boeing machinists’ strike continues.
Persons: Boeing machinists, Kelly Ortberg, machinists, ” Ortberg, CNBC’s “, Ortberg’s, , , Jon Holden, AeroSystems Organizations: Boeing, Puget, International Association of Machinists, Aerospace Workers, Workers, IAM Locations: Seattle, Oregon, Pacific Northwest, South Carolina
Members of the International Association of Machinists just rejected Boeing’s offer to return to work after a bruising six weeks of strike action. But with 64% of IAM members voting no on the company’s latest offer, getting a once-great American company back on track appears harder than ever. Our members haven’t forgotten that.”Why traditional pension plans matterTraditional pensions are what’s known as defined benefit plans. Traditional pension plans are “one of the hallmarks of retirement security,” Holden said Wednesday night. But he said so far in negotiations Boeing hasn’t entertained any kind of return to a pension plan.
Persons: Kelly Ortberg, Lindsey Wasson, ” Jon Holden, haven’t, ” Holden, It’s, ” Nataleen Anderson, Stellantis, John Lawler, Max, , , Holden, Boeing hasn’t, they’re, Ortberg, Marian Lockhart, “ We’re, We’ve Organizations: New, New York CNN, Boeing, International Association of Machinists, Poor’s, , IAM, Volunteers, Research, CNN, KIRO, United Auto Workers, General Motors, Ford, Chrysler, GM, Reuters Locations: New York, Washington, Seattle, Everett , Washington
Workers have been losing leverage in a challenging job market over the last year, but the slide could be hitting a rebound point, according to new data. Other indicators of workers' bargaining power, like being recruited into their role, negotiating their offer and receiving a signing bonus also fell slightly in the last quarter. But the small dips could indicate that workers' struggles are reaching a plateau, says Julia Pollak, chief economist at ZipRecruiter. Overall, the share of workers who describe their recent job search as "poor" reached a record high of 10%. As of mid-2024, 24% of recent hires said their new job was their dream job, a sharp fall from 42% of job-switchers who felt that way a year ago.
Persons: Julia Pollak, Pollak, it's, switchers Organizations: CNBC, Federal Reserve Locations: ZipRecruiter .
But during that time, Netanyahu was soliciting input from Trump, the Republican nominee. Trump claimed during a rally in Georgia that Netanyahu had called him at least twice in recent days. Trump’s allies also privately played up the Netanyahu-Trump phone calls as demonstrating that Netanyahu is seriously eyeing the possibility of a Trump victory. Still, the Biden administration is publicly signaling it hopes to advance efforts to bring the hostages home and to end a war that is threatening to tarnish Biden’s foreign policy legacy. Both Qatar and Egypt have reengaged with the group, which has not publicly named a new leader.
Persons: Donald Trump, Benjamin Netanyahu, Yahya Sinwar, Netanyahu –, Biden, Antony Blinken, Netanyahu, Trump, “ Bibi, ” Trump, “ We’re, Joe Biden, Kamala Harris, , Bibi, , Harris, stoke, Trump’s, Netanyahu didn’t, Biden demurred, , ” Biden, ” Blinken, Bill Burns, David Barnea, Sinwar, Khalil al, Khaled Mashal, Mousa Abu Marzook, Mohammed bin Abdulrahman Al Thani Organizations: CNN, Israeli, Trump, Republican, Democrat, White House, Netanyahu, East, Arab, CIA, Qatari Locations: Gaza, United States, Israel, Qatar, Doha, Washington , DC, Georgia, American, Washington, Michigan, Egypt
A lot of people expect to negotiate the salary of a new job offer, and there are plenty of other benefits on the table too. Doing so helped Tessa White, a career coach with 20 years of HR experience and founder of The Job Doctor, weather a layoff earlier in her career. "The smartest thing I ever did was, I pre-negotiated my severance agreement," White tells CNBC Make It. "When they love you at the company" and want to hire you "is the time to negotiate your severance," she says. What you can negotiate in a severance agreement
Persons: Tessa White, White, I'm, she'd, I've, they've Organizations: CNBC, UnitedHealth Group
Jack Sweeney's Threads accounts that track the flight paths of private jets have been suspended. AdvertisementJack Sweeney, a college student who tracks the private jets of several high-profile people, including Elon Musk and Mark Zuckerberg, says his Threads accounts have been suspended. He said he received no warnings or communications from the Big Tech company before the accounts were suspended. AdvertisementThe college student first made headlines in 2022 after Musk offered him money to stop publicly sharing his flight information. In December 2022, Sweeney's jet-tracking accounts were suspended by X. Musk, who took over the social media company months earlier, called the accounts a "physical safety violation."
Persons: Jack, Elon Musk, Taylor Swift, , Jack Sweeney, Mark Zuckerberg, Sweeney, Kim Kardashian, Donald Trump, Zuckerberg, Swift, Musk Organizations: Meta, Service, Elon, Big Tech, Meta's, Business, US Federal Aviation Administration, Twitter, University of Central, X Locations: University of Central Florida, Orlando
Mark Cuban on job skills, negotiating and AI
  + stars: | 2024-10-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMark Cuban on job skills, negotiating and AIMark Cuban sits down with CNBC Make It to discuss his thoughts on job skills, negotiating and artificial intelligence.
Persons: Cuban, Mark Cuban Organizations: CNBC
Ever since 2022, when inflation hit a 40-year high of 9%, Americans have been pissed off about the economy. Traditionally, economists (being economists) have focused on the economic costs of inflation — i.e., are price increases wiping out everyone's annual raise? In a normal economy, the small raises companies give are enough to offset the minimal inflation we typically see. In a survey of 3,000 workers, researchers found that most — a whopping 79% — just accepted the salary they were offered. AdvertisementBut now, poring over the new study, I realize I overlooked the role inflation has played in reshaping the pandemic-era workplace.
Persons: Donald Trump, didn't, , I've, Will, we're, Aki Ito Organizations: Pew Research Center, National Bureau of Economic Research, Business Locations: American
"We aren't flashy with our wealth because money isn't our ultimate goal," one said. Gary said they had an "incredibly average" path to wealth, emphasizing prudent investments and modest living. Some stories of people striking it rich and retiring early include unrelatable circumstances, such as family wealth, entrepreneurship, or a superstar career at the top of the corporate ladder. Lawrence Delva-Gonzalez and his wife grew their net worth from $150,000 in debt in 2012 to $1.3 million in 2024. AdvertisementJustin Hall and his wife now live a nomadic lifestyle after retiring early.
Persons: , Anthony Drew Gary, Gary, could've, Xiao Yu, Xiao Yu Yu, It's, Yu, they're, it's, Lawrence Delva, Gonzalez, Delva, Justin Hall Organizations: Service, Indiana, Aldi, Federal, Federal Reserve, Marine Corps, Justin Hall Hall, Air Force Locations: Indianapolis, China, Washington, DC, Port, Prince, Haiti, Tallahassee, Virginia
The Israeli military reservist returned a different person, traumatized by what he had witnessed in the war against Hamas in the strip, his family told CNN. The Israeli military has said it is providing care for thousands of soldiers who are suffering from PTSD or mental illnesses caused by trauma during the war. Israeli soldiers who fought in the enclave told CNN they witnessed horrors the outside world can never truly comprehend. For many soldiers, the war in Gaza is a fight for Israel’s survival and must be won by any means. There was a “very strong collective attitude” of distrust among Israeli soldiers toward the Palestinians in Gaza, especially at the outset of the war, the medic said.
Persons: Ma’ale, Eliran Mizrahi, , , Jenny Mizrahi, Eliran, Benjamin Netanyahu’s “, Mizrahi, Bulldozing, ’ Mizrahi, Jenny, ” Jenny, Shir, Omar Al, ” Guy Zaken, ” Zaken, Zaken, Bregman, Abdel Kareem Hana, Uzi Bechor, ” Bechor, didn’t, ” Bregman, Beit, Amir Levy, Netanyahu, Joe Biden Organizations: Tel, CNN, Hamas, Israel Defense Forces, United Nations, IDF, West Bank, Getty, UN, Israel’s, King’s College London, Haaretz, International Association for Suicide Prevention, Befrienders, Israel Democracy Institute Locations: Tel Aviv, Gaza, Israel, Jerusalem, Lebanon, Shejaiya, Gaza City, AFP, Deir al, Balah, Beit Jann
What's more, many pharmacies serve as a convenient destination for all sorts of essentials, from aspirin to mascara. Big chains like Walgreens and CVS make their money in two main ways: selling prescriptions in the back of their stores and selling everyday goods out front. As Walgreens and CVS stores have proliferated over the past decade or so, many of their locations are basically right on top of each other. On the other end of the business, pharmacies are expensive to run. In the current landscape of commoditized pharmacies, there's no such thing as personalized service.
Persons: What's, Elizabeth Anderson, Neil Saunders, nilly, they've, Douglas Hoey, Jason Goldberg, Waits, Duane Reade, Brian Tanquilut, I've, Goldberg, Saunders, I'm, Nick Fabrizio, Steven Anderson, Fabrizio, Emily Stewart Organizations: Walgreens, CVS, Rite, Evercore ISI, Walmart, National Community Pharmacists Association, Express, Groupe, Jefferies, MTV, Cornell University, National Association of Chain Drug, Business Locations: mascara
Former Marine Paul Whelan said he was devastated when a Biden administration official told him WNBA basketball star Brittney Griner was being released from Russian detention after nine months and he was not. The official told him that to free Griner, the U.S. had traded convicted Russian arms dealer Viktor Bout, Russian President Vladimir Putin’s price for releasing the celebrity athlete. “It was a sham.”When he refused, Whelan said he was placed in a cell where the lights were left on around the clock. After he was sentenced to 16 years of forced labor, the Russian trial judge said he would probably be released in two weeks. “The prison food is even worse.”They subsisted, Whelan said, on tea, bread, watery soup, “the kind of fish only Russians eat.
Persons: Marine Paul Whelan, Brittney Griner, Whelan, Viktor Bout, Vladimir Putin’s, What’s, , , ” Whelan, Trevor Reed, Konstantin Yaroshenko, Reed, Evan Gershkovich, Vladimir Kara, Murza, Alsu, Antony Blinken, David Whelan, ’ ” Whelan, Putin, Kamala Harris, Donald Trump, Alexei Navalny, Flora, Andrews, Biden, Andrea Mitchell, he’ll, he’s Organizations: Marine, Biden, WNBA, NBC News, Homeland Security, U.S ., British, Kremlin, Radio Free, Radio Liberty, Marines, State Department, CIA Locations: U.S, Russia, Russian, Michigan, Russian American, Radio Free Europe, Moscow, Canada, British, Iraq, Turkey, Manchester , Michigan
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