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☆ Trump vows to deport millions. Builders say it would drain their crews and drive up home costs
▼ + stars: | 2024-10-19 | by ( Jing Feng | Nicole Acevedo | ) www.cnbc.com time to read: +5 min

"It would be detrimental to the construction industry and our labor supply and exacerbate our housing affordability problems," said Jim Tobin, CEO of the National Association of Home Builders. Brent Taylor President of Taylor Construction Group, Tampa, Fla.Nearly 11 million undocumented immigrants were living in the U.S. as of 2022, the latest federal data shows, down from an 11.8 million peak in 2007. The labor pool is tight already, with the U.S. construction industry still looking to fill 370,000 open positions, according to federal data. 'The math is just not there'There is evidence that foreign-born construction workers help keep the housing market in check. Undocumented workers would likely flee ahead of any national deportation effort, Hetrick said, even though many have been in the U.S. for well over a decade.

Persons: Mike Blake, Donald Trump's, Jim Tobin, Brent Taylor, Taylor, couldn’t, Stan Marek, Marek, Tobin, George W, Ron Hetrick, Hetrick Organizations: Reuters, National Association of Home Builders, Taylor Construction Group, Pew Research Center, NBC News . Industry, Sun, Companies, Bush Institute and Southern Methodist University, U.S Locations: Menifee , California, Tampa, Fla, U.S, Florida, Texas, Raleigh, Nashville, Houston, San Antonio

☆ Social Security's retirement trust fund may run out in nine years. Here's how the next U.S. president may address that
▼ + stars: | 2024-10-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +7 min

As more retirees start to claim Social Security, there are not enough workers contributing to the program to make up for that increase in benefit payments. But the trust fund Social Security relies on to pay retirement benefits is projected to be depleted in 2033. watch nowBoth presidential candidates — former president Trump and Vice President Harris — have vowed to protect Social Security benefits. "Seniors should not pay tax on Social Security," Trump wrote on July 31 in all capital letters on social media platform Truth Social. Ending taxes on Social Security benefits would move the insolvency date of Social Security's trust fund closer by over one year, according to the Committee for a Responsible Federal Budget.

Persons: Donald Trump, Kamala Harris, Allison Joyce, —, Donald Trump —, Trump, Harris —, Jason Fichtner, Mike Blake, Howard Gleckman, Gleckman, Harris, Kevin Lamarque, Joe Biden, Biden, Governor Walz, Mia Ehrenberg Organizations: Art House Theatre, Bloomberg, Getty, Social Security Administration, Democratic, Republican, Social, Social Security, CNBC, Center, Alliance, Lifetime, Income, Trump, Reuters, ABC, Finance, Urban, Brookings Tax, Brookings, U.S, Union, Employers, Center for Economic, Research, Washington Democrats Locations: Fayetteville , North Carolina, Coachella , California, U.S, Detroit , Michigan

☆ Op-ed: The financial toxicity of cancer is growing. Here's what can be done to reduce it
▼ + stars: | 2024-10-18 | by ( Karen Knudsen | American Cancer Society Ceo | ) www.cnbc.com time to read: +5 min

Cancer drains individuals of their physical, emotional, and financial health. In a study from the American Cancer Society Cancer Action Network, nearly half of cancer patients and survivors reported being extraordinarily burdened by medical debt. Financial hardship caused by cancer can also contribute to "financial toxicity," wherein the cost of treatment forces individuals to make tradeoffs that impact their chances of survival. Not only does financial toxicity of cancer care affect the individual, it can also negatively impact their employer. Some may not be aware they're eligible for screening, and stigma and fear associated with cancer screening hinders some people from seeking care.

Persons: — Organizations: American Cancer Society Cancer Action Network, ACS Locations: U.S, United States

☆ It’s tough for young Americans to find a job right now. Blame ‘the Great Stay’
▼ + stars: | 2024-10-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Staple’s plight highlights the unusually difficult situation of young Americans trying to kick-start their careers, even as the broader US economy remains in good shape. Indeed, the job market overall remains in decent shape. A ‘victim of circumstance’Everyday Americans are always at the mercy of the economy — whether it’s navigating difficulties such as high inflation and a recession, or a red-hot job market that benefits workers. Having a tough time landing that first job, in part because of broader economic forces, can have lasting consequences. “For young workers, their first few years out of school are very formative for their careers.

Persons: Kirsten Staple, ” Staple, That’s, ‘, ”, Julia Pollak, ZipRecruiter’s, “, they’re, Daniel Zhao, Zhao, Millennials, Jonathon Courtney, hasn’t, Courtney, I’ve, ” Courtney, who’ve, there’s, Catherine Dugoni Camille Larsen Catherine Dugoni, “ It’s, ” Dugoni, isn’t Organizations: Washington CNN, University of Texas, Labor Department, CNN, Federal Reserve, Employers, Glassdoor, University of Houston Locations: San Antonio, El Paso , Texas, ‘, Houston, Sacramento , California, San Francisco

☆ Gen Z workers say stereotypes are holding them back. It's a problem for companies too.
▼ + stars: | 2024-10-18 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Gen Z behavior was shaped by missing formative years during the COVID-19 pandemic. Gen Z has a lot to offer companies who know how to nurture it, experts told BI. But many Gen Zers don't agree with them, and some believe they are holding them back at work. Chang said Gen Zers prioritize companies that offer perks such as mental health days and wellness workshops. Some companies are already doing this and making themselves attractive to Gen Z talent.

Persons: Z, —, Zers don't, Max Jones, It's, Richard Wahlquist, Boppana, Gen Zers, I've, she'd, Claude Akinsanya, Zers, Akinsanya, Gen, Rhea Moss, Gen Z, " Moss, Jones, Jeanie Y, Chang, Forbes, Chipotle, Moss Organizations: Service, American Staffing Association, Accenture, Nike, Morning Locations: London

☆ Say goodbye to deductibles. This health plan is simplifying health care costs and coverage.
▼ + stars: | 2024-10-18 | by ( Sponsor Post | Sponsored Unitedhealthcare | ) www.businessinsider.com time to read: +5 min

It's a modern employer-sponsored health plan designed to help simplify the process of choosing where to receive care by offering members the information they need upfront, enabling them to comparison shop for care. What's different with the Surest health plan? The result, according to a recent study, is that Surest members pay 54% less out of pocket compared to those in traditional plans. "The Surest health plan addresses many of the obstacles that consumers face, including by eliminating complicated math with clear, upfront cost and coverage details," Richards said. People who've tried the Surest plan usually like itConsumers cite ease of use, price clarity, and cost savings as some of the top advantages.

Persons: Surest, Alison Richards, " Richards, coinsurance, Aon, Dan Kueter, who've, It's Organizations: Employers, Insider Studios Locations: It's, Surest, Hawaii

☆ Meta layoffs are the latest sign that constant job cuts are the new Big Tech normal
▼ + stars: | 2024-10-18 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

After shedding workers in sweeping layoffs in late 2022 and early 2023, many tech companies are adopting a more methodical, department-by-department approach to making cuts. Related storiesIndeed surveyed more than 1,100 US tech workers from early to late June. Fagan said some tech workers are drawn to the flexibility that contingent or part-time roles can offer. Yet, ultimately, she said, tech is the #1 industry tech workers historically want to work in. Advertisement"It's not like they're going out and massively hiring and then doing layoffs," Fagan said.

Persons: —, Andy Welfle's, Welfle, he'd, Cruise, Zeile, Linsey Fagan, Fagan, It's, they're, " Fagan, Mark Zuckerberg, Dice's Zeile, Zuckerberg, they've, Indeed's Fagan, it's Organizations: Meta, Service, Microsoft, Reality Labs, Google, LinkedIn Locations: Silicon Valley

☆ Minimum wage is on the ballot in 5 states this November. Here's how the votes could go
▼ + stars: | 2024-10-18 | by ( Annie Nova | ) www.cnbc.com time to read: +6 min

"Since 2014, 12 states have passed minimum wage increases through ballot measures," Martinez Hickey told CNBC. Meanwhile, voters in Arizona will decide on a ballot measure that would lower the minimum wage for tipped workers. Here's what's at stake for workers who make the minimum wage, and the employers who pay them, in next month's election. 1 would raise the minimum wage to $13 in 2025, and to $14 in 2026. Question 5 in Massachusetts would slowly phase out its tipped minimum wage of $6.75 per hour, until it eventually matches the state's standard minimum wage by 2029.

Persons: Lucy Nicholson, Sebastian Martinez Hickey, Martinez Hickey, Here's, erick Pasquier, Joelle, Hall, Kati Capozzi, Capozzi, Richard von Glahn Organizations: California Labor, Reuters, Economic, Institute, CNBC, Alaska AFL, Alaska Chamber, Healthy Families, San Francisco, LAO, Massachusetts Institute of Technology Locations: Alaska , Missouri, California, Arizona, Alaska, United States, Bering Sea, Missouri, North America, U.S, Massachusetts Institute of Technology . Massachusetts, Massachusetts

☆ 2025 could bring a wave of healthcare IPOs. Here's what startups should know, according to a top banker.
▼ + stars: | 2024-10-18 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +8 min

The healthcare market looks nearly ready for the next wave of IPOs. But the next wave of public healthcare companies looks to be on the horizon. At least two healthcare companies are considering public-market debuts in the not-so-distant future. SVB SecuritiesI spoke with him about what the next wave of healthcare IPOs could bring — and which healthcare startups are in the best position to test the public markets. What models do you expect the healthcare market to favor in this next round of IPOs?

Persons: Jon Swope, —, It's, Health confidentially, haven't, there's, Waystar, healthtech Organizations: Barclays, Service, Health, healthtech, SVB Securities, Accolade, Healthcare, Walmart, Big Tech Locations: IPOs, healthtech, Waystar

☆ Don’t apply for a job just to use it as leverage: ‘It is a bridge burner’
▼ + stars: | 2024-10-17 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

Whatever the reason, it might occur to you to try to get a new job opportunity just to leverage it for something better. "For me, the short answer is no," says Amanda Augustine, career expert at TopResume. If you're interested in a job, you apply and get the offer, that's a different situation. In the same way you'd be wasting your time, you'd also be wasting your prospective employer's. "If you're going to put [the job offer] out there," says Augustine, "oftentimes employers will see that as an ultimatum and they will say sayonara."

Persons: you've, haven't, isn't, Amanda Augustine, I'm, Stacie Haller, Augustine, you'd, Haller, DON'T

☆ Some workers qualify for a maximum Social Security retirement benefit. But even people with moderate earnings can increase their checks
▼ + stars: | 2024-10-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

With that increase, the maximum Social Security benefit for a worker retiring at full retirement age will jump to $4,018 per month, up from $3,822 per month this year, according to the Social Security Administration. Who gets maximum Social Security benefits? Since Social Security retirement benefits are calculated based on the highest 35 years of earnings, workers need to consistently have wages up to that threshold to earn the maximum retirement benefit. If a wealthy person has other sources of income, for example from investments that do not require payroll tax contributions, that will not affect the size of their Social Security benefits, said Jim Blair, vice president of Premier Social Security Consulting and a former Social Security administrator. How can you increase your Social Security benefits?

Persons: Paul Van de, Van, Water, Jim Blair Organizations: Social, Social Security, Social Security Administration, Security, Budget, Premier Social Security Consulting

☆ Why 401(k) plans are the 'final frontier' for exchange-traded funds
▼ + stars: | 2024-10-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Momo Productions | Digitalvision | Getty ImagesWhile many investors have flocked to exchange-traded funds, they haven't gained much ground with 401(k) plan participants. The report found that 401(k) plans used ETFs most readily for sector and commodity funds — but even then, they did so just 3% of the time. Key benefits are 'irrelevant'Mutual funds, collective investment trust funds and separately managed accounts held the lion's share of the 401(k) assets across all investment categories, PSCA data shows. However, those benefits are "irrelevant" in 401(k) plans, Blanchett said. Blanchett said 401(k) plans are also long-term accounts in which frequent trading is generally not encouraged.

Persons: Momo, David Blanchett, hasn't, Philip Chao, Chao, Warren Buffett's, Blanchett Organizations: Exchange, Mutual, Morningstar, Investment Company Institute, ICI, of America, Vanguard Locations: John , Maryland

☆ A company's remote-working hire turned out to be in North Korea. He tried to hold it to ransom.
▼ + stars: | 2024-10-17 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +5 min

North Korean workers have been infiltrating US companies, but extortion has emerged as a new tactic. Early into his four-month employment, he used remote-work tools to infiltrate the company's systems, downloading a large amount of company data, per Secureworks. Last year, FBI leaders warned that the money earned in salaries was being funneled to North Korean weapons programs. AdvertisementA Ukrainian man was also accused of operating "laptop farms" for North Korean workers. He told Business Insider that thorough vetting and background checks are often the "only fallback" to prevent rogue access to sensitive company data.

Persons: —, Secureworks, Rafe Pilling, Pilling, Charles Carmakal, Carmakal, Jake Moore Organizations: North, Service, FBI, North Korean, Business, Counter, Unit, CTU, BBC News, Mandiant Consulting, Korean, Monitoring, Management, Fortune, Prosecutors Locations: North Korean, Secureworks, Korean, American, Australia, North Korea, Korea, Arizona

☆ Boeing strike enters second month as workers rally in Seattle
▼ + stars: | 2024-10-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

SEATTLE — Boeing factory workers held a large rally in Seattle on Tuesday to demand a better wage deal, mounting pressure on new CEO Kelly Ortberg to end a bitter strike that has plunged the planemaker further into financial crisis. “We’re not afraid of them.”A strike rally for the International Association of Machinists and Aerospace Workers in Seattle on Tuesday. U.S. Representative Pramila Jayapal, whose district includes downtown Seattle, addressed the cheering crowd on Tuesday, criticizing Boeing and calling on Ortberg to end the strike. “Let’s make Seattle Boeing town again!”‘NO PENSION, NO WRENCHING’IAM members have been holding smaller picket lines in front of Boeing sites throughout the strike. A Boeing spokesperson said on Monday the planned job cuts included both union and non-union workers, but striking IAM employees were not currently affected.

Persons: Kelly Ortberg, Maria Cantwell, X, Patty Murray, Adam Smith, Rick Larsen, ”, Matthew Wright, We’re, Jason Redmond, Julie Su, Pramila Jayapal, “, “ Kelly Ortberg, Jon Holden, ” Holden Organizations: SEATTLE — Boeing, Reuters, Democrats, Boeing, U.S, West, International Association of Machinists, Aerospace Workers, Getty, Labor, IAM, Seattle Boeing, Seattle, Microsoft Locations: Seattle, Washington, West Coast, AFP, United States, America, Seattle —, ”

☆ Here's why the U.S. retirement system isn't among the world's best
▼ + stars: | 2024-10-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

"I think [a C+ grade] would describe a rating where there is a lot of room for improvement," said Christine Mahoney, global retirement leader at Mercer, a consulting firm. 29 out of 48 global pension systems in 2024, according to the annual Mercer CFA Institute Global Pension Index , released Tuesday. The U.S. system is often referred to as a three-legged stool, consisting of Social Security, workplace retirement plans and individual savings. Employers aren't required to offer a retirement plan like a pension or 401(k) plan to workers. American workers can withdraw their 401(k) savings when they switch jobs, for example.

Persons: Christine Mahoney, doesn't, Mercer, Mahoney, it's, Graham Pearce, Pearce, David Blanchett Organizations: Mercer, Natixis Investment Management, U.S, Mercer CFA, Global, Social Security, Employers, U.S . Bureau of Labor Statistics, Finance, Research Locations: Netherlands, Iceland, Denmark, Israel, Mercer, Singapore, Australia, Finland, Norway, U.S

☆ Olivia Nuzzi told ex-fiancé she was manipulated by RFK Jr., court filings say
▼ + stars: | 2024-10-15 | by ( Katelyn | ) edition.cnn.com time to read: +6 min

Lizza, Politico’s chief Washington correspondent, said Nuzzi told him details about the relationship after he broke off their engagement in August. Lizza told the court in filings CNN obtained that he did not threaten Nuzzi, hack her electronics, or stalk her — all of which she had accused him of doing in previous court filings. “Almost everything I know about her affair comes directly from Ms. Nuzzi herself,” Lizza wrote. An unnamed counsel for Nuzzi said in a statement that Lizza is still attempting to “harass and humiliate” Nuzzi. “From July 1 to mid-August, Ms. Nuzzi and I were in what she led me to believe was a monogamous, committed and loving relationship.

Persons: Ryan Lizza, Olivia Nuzzi, Robert F, Kennedy Jr, Lizza, Kennedy, impregnate, Nuzzi, — recasts Kennedy, Kennedy didn’t, ” Lizza, Robert Barnett, ” Nuzzi, Nuzzi’s, …, Kennedy dalliance, ”, Hadas Gold Organizations: Washington CNN —, DC’s, Washington, CNN, New York Locations: Lizza, Washington, New York

☆ How AI is closing talent gaps by focusing on skills
▼ + stars: | 2024-10-15 | by ( Sponsor Post | ) www.businessinsider.com time to read: +8 min

There's good reason to adopt a skills-first strategy: Hiring managers who practice skills-first hiring find it twice as easy to find qualified candidates than hiring managers who do not. But the advancement of generative AI has the potential to change that. To use AI effectively for skills-first hiring, talent professionals must understand how models have been developed and trained and audit and monitor those models for bias. Indeed's Smart Sourcing generative AI provides an explanation of the candidate's potential overlapping qualifications with the employer's job description. As crucial as AI will be to skills-first hiring, talent acquisition, and management always starts and end with humans.

Persons: Liz Voigt, Hannah Calhoon, That's, Calhoon, It's, They'll, that's, Voigt, it's Organizations: Statistics Canada, Jobs, Insider Studios Locations: Canada, Ontario

☆ There are 2 things that could go wrong for the US economy and spark a recession, Morgan Stanley says
▼ + stars: | 2024-10-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

There are two things that could go wrong in the economy that could lead to a recession, Morgan Stanley said. AdvertisementThe US economy appears on track to keep growing, but there are two things that could spoil the no-recession forecast on Wall Street, according to Morgan Stanley. A slowdown, then people get laid off, laid off people spend less, the economy slows down more, and it snowballs," he added. "So that's another place where I think we could be wrong," Carpenter said of his recession forecast, though he reiterated that a downturn wasn't his baseline view. And if anything, where we were wrong with our forecast so far is that things have turned out even better than we dare hoped," Carpenter added.

Persons: Morgan Stanley, —, Seth Carpenter, Carpenter, Trump, Morgan, we've Organizations: Service, Bureau of Labor Statistics, New York Fed

☆ How UnitedHealthcare is transforming the prior authorization process for patients and providers
▼ + stars: | 2024-10-14 | by ( Sponsor Post | Sponsored Unitedhealthcare | ) www.businessinsider.com time to read: +7 min

While there's a lot of buzz around prior authorization, it applies to fewer than 2% of claims. UnitedHealthcare is reducing prior authorization requirements with new initiatives to ease administrative tasks and other challenges. According to Dr. Anne Docimo, chief medical officer at UnitedHealthcare, prior authorization is an oft-maligned but necessary part of our health care system. *Understanding when prior authorization is neededDocimo said UnitedHealthcare may seek prior authorization in several scenarios. Modernizing and streamlining the prior authorization processPeople may be surprised to learn that scenarios where prior authorization often comes into play are relatively rare.

Persons: it's, Dr, Anne Docimo, Docimo, UnitedHealthcare, It's Organizations: Card, Insider Studios, UnitedHealthcare, Medicare Locations: UnitedHealthcare's

☆ Health-care costs hit a post-pandemic high. These moves during open enrollment can help
▼ + stars: | 2024-10-14 | by ( Jessica Dickler | ) www.cnbc.com time to read: +7 min

Because of higher costs, employers are considering new ways to adjust their plan offerings, WTW found. Currently, employers subsidize about 81% of health-care plan costs, on average, while employees pay the remainder, according to professional services firm Aon. For workers, health-care expenses are already high: Family premiums for employer-sponsored health insurance rose 7% this year to an average of $25,572, KFF's 2024 benchmark employer health survey found. Health savings accountsAlong with a high-deductible health insurance plan, more than 50% of employers also offer a health savings account, or HSA, which can help with additional health-care costs. This is called supplemental life insurance, or voluntary life insurance, and it's optional coverage that you can add to your employer's basic group policy.

Persons: Aon, there's, Willis Towers Watson, WTW, Mercer, Beth Umland, Tim Stawicki, Regina Ihrke, Gary Kushner, WTW's Ihrke, Ihrke, Gallagher, Tom Kelly Organizations: Finance, Security, Workers, North, Kushner & Company, IRS Locations: U.S, North America

☆ Job seekers are getting increasingly bold by 'cheating' in interviews — and AI is making it worse
▼ + stars: | 2024-10-14 | by ( Tim Paradis | ) www.businessinsider.com time to read: +8 min

Job seekers sometimes use AI to cheat in interviews, which highlights flaws in the hiring process. It can feel like there are endless ways to dupe a hiring manager in a job interview — especially one that doesn't involve meeting IRL. It all points to a hiring process that can be terrible for job seekers — and for employers. Is using AI during a job interview cheating? Kanny uses reviews from a job candidate's colleagues — past and present — to rate the person's integrity, accountability, respect, humility, confidence, and grit.

Persons: —, Lindsey Zuloaga, Greg Yang, he'd, claude, Yang, HireVue's, Zuloaga, Kirthiga Reddy, Reddy, Sean Vassilaros, It's, Octavius A, Newman, didn't, Jennifer Schielke, Schielke, Ravin, Mercer, I'm Organizations: Service, Executives, xAI, Employers, Facebook, BI, Group Solutions Locations: India, South Asia

☆ Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more
▼ + stars: | 2024-10-13 | by ( Hugh Son | ) www.cnbc.com time to read: +18 min

Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. The previous Trump administration didn't pursue those types of consumer protections. In contrast, Democrats, including Harris, have historically supported EVs and incentives such as those under the Biden administration's signature Inflation Reduction Act. Meanwhile, Harris, if elected, can build on existing efforts of the Biden administration to deliver savings to more patients, they said. Trump also led multiple efforts to repeal the Affordable Care Act, including its expansion of Medicaid to low-income adults.

Persons: Donald Trump, Kamala Harris, he's, Harris, Joe Biden's, Trump, Pete Buttigieg, Jonathan Kletzel, didn't, — Leslie Josephs Banks Big, JPMorgan Chase, Biden, Tobin Marcus, it's, Sen, JD Vance, they're, Lindsey Johnson, Hugh Son, Pablo Di Si, EVs, Joseph Spak, Harris hasn't, Mike Wayland, Drugmakers, Trump hasn't, Mariana Socal, Annika Kim Constantino, David Zaslav, John Malone, Time Warner, Simon, Simon & Schuster, Marc DeBevoise, Jonathan Miller, Elon Musk's, Musk, I'm, MAGA, I'm Dark MAGA, —, TikTok, — Lillian Rizzo, Alex Sherman, Michael Lynn, — Amelia Lucas Organizations: ABC, Getty, U.S, Trump, Treasury, Justice Department, Federal Trade Commission, Consumer Financial, Bureau, CNBC, The Biden Department of Transportation, Democratic, American Airlines, JetBlue Airways, Spirit Airlines, Industry, Boeing, JPMorgan, Securities and Exchange Commission, Currency, Federal Deposit Insurance Corporation, Biden, Wolfe Research, Bank, Republican, Bankers, Democratic Party, Consumer Bankers Association, Republicans, Volkswagen Group of America, Automotive News, Environmental Protection Agency, UBS, Mike Wayland Health, Commonwealth Fund, Medicare, Johns Hopkins Bloomberg School of Public Health, Annika Kim Constantino Media, Paramount Global, Skydance, Warner Bros, Discovery, Allen & Co, Sun, Media, Disney, Fox Corp, Time, Simon &, Random, MGM, FCC, Integrated Media, Twitter, Capitol, White, Lawmakers, Meta's Facebook, Alex Sherman Restaurants, National Restaurant Association, National Labor Relations Board, Social Security, Washington Post, Cornell University Locations: United States, PwC, JetBlue's, U.S, China, Ohio, Michigan, California

☆ Why economists and strategists still say a recession is postponed, despite a startling inflation report
▼ + stars: | 2024-10-13 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Contradictory messages about inflation and the labor market have investors on guard. Price growth is slowly falling from its peak, but it exceeded expectations in September after a hot reading in August. AdvertisementInflation is a threat that won't sink the economyWhile there's plenty of economic data to get excited about, persistent price growth is a problem. "If we're going to be data dependent, we have to at least look at the data," Sosnick said. Higher-than-hoped inflation is rarely compatible with an economic downturn, so if price growth does persist, it likely won't be in an earnings-crushing contraction.

Persons: —, Steve Sosnick, they've, John Kerschner, Janus Henderson, Sosnick, Preston Caldwell, Morningstar's, Jim Baird, Plante, Baird, Joe Quinlan —, Skyler Weinand, Regan, Weinand, We've Organizations: Service, US, of Labor Statistics, Federal Reserve Bank of Atlanta, Interactive Brokers, Business, Manufacturing, Index, Janus, Janus Henderson Investors, Equity, Financial, Merrill, Private Bank, Bank of America, Regan Capital, Fed Locations: China

☆ I tried a tool that lets your coworkers rate your character. The startup behind it wants employers to use it for hiring.
▼ + stars: | 2024-10-13 | by ( Tim Paradis | ) www.businessinsider.com time to read: +10 min

Kanny is a startup that uses character assessments to improve the hiring processes for employers. My coworkers — geniuses, all — made the evaluation using a tool from the startup Kanny, which aims to improve hiring by assessing what it calls a job candidate's work character. It is character," Kanny CEO and cofounder Sean Vassilaros told me. Yet the control that job seekers have, Vassilaros said, is in shaping the narrative of who they are. Samuels has also seen job seekers pass along proprietary information from their current employer to try to impress a prospective boss.

Persons: —, Sean Vassilaros, It's, Kanny, Vassilaros, I'm, whittle, Kyle Samuels, Samuels, Rebecca Arnold, Root, she's, Arnold, they've, you've Organizations: Service, Creative Talent, Consulting, LinkedIn Locations: Patagonia, Kanny

In 2025, millions of retired Americans will see a 2.5% cost-of-living adjustment for benefit payments, according to the Social Security Administration. The Social Security Administration on Oct. 10 unveiled a higher threshold for earnings subject to Social Security payroll taxes, known as the “taxable maximum” or “wage base.”The limit shifts annually based on the national average wage index. How the Social Security tax calculation worksThe Social Security payroll tax rate is 12.4%, with workers paying 6.2% through paycheck deductions. Concerns over Social Security solvencyThe latest Social Security adjustments come amid growing concerns about the program’s solvency. In the meantime, some advocates have pushed to increase the Social Security wage base to provide more funding.

Persons: Sean Lovison, “, Lovison, ’, Alicia Munnell Organizations: Social Security Administration, Social, Social Security, Medicare, Security, Center for Retirement Research, Boston College Locations: Philadelphia

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