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CVS Health announced on Monday that it struck a deal with dissident investor Glenview Capital for four board seats, just a few weeks after the healthcare giant ousted former chief Karen Lynch. Glenview CEO Larry Robbins will join the CVS board effective immediately, alongside three other directors, which CVS said emerged from a "productive discussion" with Glenview. CVS' board will expand to 16 members. Glenview amassed a sizable stake in the healthcare conglomerate and worked with management in the lead-up to Lynch's ouster. Elliott Management struck a deal with Southwest Airlines in October in which the activist fund secured six seats on the carrier's board.
Persons: David Joyner, Karen Lynch, Larry Robbins, Roger Farah, Leslie Norwalk, Guy Sansone, Doug Schulman, Glenview's Robbins, Ancora, Alan Shaw Organizations: CVS, Health, Education, Labor, Washington , D.C, CVS Health, Glenview Capital, Glenview, Elliott Management, Southwest Airlines, Norfolk Locations: Washington ,, Glenview, Norfolk Southern
His latest fascination is Google's Gemini Live, an AI voice assistant. Marc Benioff gave Google's AI voice assistant, Gemini Live, his stamp of approval. "Just downloaded Gemini Live, and I'm absolutely blown away," he wrote in an X post on Sunday. Google released a smartphone app for Gemini Live on Apple's App Store on Thursday, just a few months after the virtual assistant was made free for users. We already have that live," Benioff said.
Persons: Marc Benioff, Benioff, Sundar Pichai, Copilot, Insider's Ashley Stewart, OpenAI's ChatGPT, ChatGPT's, Axios, Jensen Huang, David Sacks Organizations: Gemini, Microsoft, Google, Apple, Apple Intelligence, Business, BI, Pacific, Nvidia Locations: Francisco
Tech jobs are mired in a recession
  + stars: | 2024-11-18 | by ( Aki Ito | ) www.businessinsider.com   time to read: +9 min
But ask white-collar professionals who are actually looking for a job, and they'll tell you horror stories that are eerily similar to Bach's. As I wrote last spring, that's because the job market has essentially split into two distinct tiers. AdvertisementNow, new data from LinkedIn — which tracked how often its users landed new jobs — shows which white-collar jobs are being hit the hardest. AdvertisementAnother reason tech companies are hiring fewer professionals is that their existing employees are opting to stay put. "We're slowly, slowly recovering," says Art Zeile, the CEO of Dice, a tech job board.
Persons: Jon Bach, Bach, I've, that's, Kory Kantenga, , they'd, Jenny Diani, Jon Stross, Santiago Rodriguez, it's, we're, We're, Zeile, Dice, Aki Ito Organizations: eBay, LinkedIn, Autodesk, Google, Business Locations: coders, Silicon Valley
If you've been putting off choosing your coverage for the upcoming year during this open enrollment season, no one would blame you. Workers often find themselves choosing an insurance plan from a menu of complicated and pricey options. If you've been procrastinating during open enrollment, here are three simple steps to just get it done. Know your acronymsYour workplace will likely present you with a list of insurance plans to choose from, which generally fall into one of two categories: high-deductible health plans and co-pay plans. Co-pay plans Unlike high-deductible plans, co-pay plans come with pre-determined costs that you'll pay for things like office visits, prescription drugs and medical procedures.
Persons: you've, Willis Towers Watson, Charlene Rhinehart, Here's, you'll, Carolyn McClanahan, you'd Organizations: Workers, Planning Partners
CNN —“Impoundment” is another word that Americans may need to learn in the vernacular of President-elect Donald Trump’s second term. Trump took the time to record a video about impoundment during the Republican primary season, and he promised seizing control over spending from Congress would be a top priority if he was elected. Impoundment occurs when Congress appropriates money that the president then declines to spend. As a result of these standoffs, Congress passed a law to curtail a president’s use of impoundment, particularly for policy reasons. The Impoundment Control Act of 1974 did a lot more than that, however.
Persons: Donald Trump’s, , Trump, Thomas Jefferson, Richard Nixon, Nixon, Volodymyr Zelensky, Joe Biden, Trump’s, , Vivek Ramaswamy, Elon Musk, DOGE –, Ramaswamy, ” Ramaswamy, Matt Gaetz, Jimmy Carter, It’s Organizations: CNN, Senate, Republican, Congress, Congressional Research Service, Office, Capitol, Supreme, overreach, Elon, “ Department, Government, Alcohol, Tobacco, Firearms, Explosives, Ramaswamy, Department of Education, Nuclear Regulatory, Trump, FBI Locations: Mississippi, Louisiana, France, Ukraine, Trump’s, Ohio, Washington
CNN —Nearly a hundred aid trucks were looted in southern Gaza on Saturday in what UNRWA, the UN agency for Palestinian refugees, has described as “one of the worst” incidents of its kind. Of the 109 trucks carrying food supplies for UNRWA and the World Food Programme from the Kerem Shalom crossing into Gaza, 97 trucks were “lost” in the looting, UNRWA told CNN in a statement Monday. Drivers were forced to unload trucks at gun point, aid workers were injured, and vehicles were damaged extensively, it said. In a report Monday that cited Gaza’s interior ministry, the Hamas-run Al-Aqsa TV channel claimed Gaza security forces had killed more than 20 people involved in looting aid trucks, though it did not specifically mention Saturday’s incident. Israel insists however that the number of aid trucks entering Gaza has risen and that it is “working tirelessly” to get aid into the enclave.
Persons: Philippe Lazzarini, Stéphane Dujarric –, , Lazzarini, , ” Lazzarini, Dr, Munir Al, Bursh, Hani Badran, Kamal Adwan, Badran, Hussam Abu Safiya, Safiya, ” Safiya Organizations: CNN, UNRWA, UN, Drivers, Monday, Islamic Forces, COGAT, US State Department, West Bank, Hamas, Israel, ” CNN Locations: Gaza, Geneva, Aqsa, Israel, East Jerusalem, Beit Lahiya
GUANGZHOU, CHINA - NOVEMBER 15, 2024 - Visitors view a Xiaomi SU7 Ultra new energy vehicle at 2024 Guangzhou Auto Show in Guangzhou, South China's Guangdong province, Nov 15, 2024. Revenue came in at 92.5 billion yuan ($12.77 billion) for the quarter ended Sept. 30, beating an LSEG consensus estimate from 15 analysts of 91.1 billion yuan. The unit reported an adjusted loss of 1.5 billion yuan for the quarter, with a gross profit margin of 17.1%. During the quarter, Xiaomi maintained its position as the world's third-largest smartphone maker with shipments of 42.8 million units, up 3% and capturing 14% of the market, according to research firm Canalys. Xiaomi reported adjusted net profit climbed 4.4% to 6.25 billion yuan, versus a consensus estimate of 5.92 billion yuan.
Persons: Xiaomi Corp, Xiaomi Organizations: Show, Publishing, Getty Images, Xiaomi, Porsche, China EV, Revenue, Huatai Securities Locations: GUANGZHOU, CHINA, Guangzhou, South China's Guangdong, China
Soon, Trump’s ability to fix America’s affordability crisis will collide head-on with another, perhaps more prominent, campaign trail promise: Mass deportations. And perhaps no industry relies on undocumented workers more than the food and agriculture industries. “The only question is how high prices will go.”Zandi noted that food prices could also be pushed higher by another element of the Trump agenda: Massive tariffs. The Trump transition team did not respond to a request for comment about how mass deportations would impact food prices. The current immigration system does not allow for green cards for farm workers.
Persons: Donald Trump, Trump, you’re, , Chuck Conner, don’t, Conner, Fred Leitz, Leitz, Mark Zandi, , ” Zandi, Trump’s, It’s, Rick Naerebout, that’s, Biden, Scott Bessent, ” Bessent, Axios, Trump “, David Paul Morris, Zeke Hernandez, “ It’s, Hernandez, Chloe East, Letiz, Naerebout, “ aren’t, ” Robert Lynch, Lynch, , ” Naerebout Organizations: New, New York CNN, CNN, National Council of Farmer Cooperatives, US Department of Agriculture, Center for American Progress, Moody’s, Trump, United, Idaho Dairymen’s Association, Wall, Bloomberg, Getty, Wharton School, University of Pennsylvania, Immigration, University of Colorado Denver, The Hamilton, Brookings Institution, Washington College, American Locations: New York, United States, Michigan, Idaho, San Francisco, Brookings, Maryland
But price rises in Russia are eye-watering by comparison – and just one symptom of an economy that is overheating. “Prices are rising because of the war,” Alexandra Prokopenko at the Carnegie Russia Eurasia Center in Berlin told CNN. The military budget will rise by nearly a quarter in 2025, amounting to one-third of all state spending and 6.3 per cent of gross domestic product. Analysts don’t see the Russian economy as tumbling over a precipice but instead as a slowly gathering crisis. Russia has traditionally turned to central Asia for unskilled labor, and Putin recently suggested more foreign workers are needed.
Persons: ” Alexandra Prokopenko, Vladimir Putin, Putin, , Anton Vaganov, ” Prokopenko, Natalia Kolesnikova, Vladislav Inozemtsev, Prokopenko Organizations: CNN, Carnegie Russia Eurasia Center, , Reuters, Russia’s Alfa Bank, Alfa, Monetary Fund, Russia’s State Statistics Service, Getty, Central, United Nations, UK Defense Ministry, Atlantic Council Locations: Russia, Ukraine, Berlin, Saint Petersburg, United States, Asia, Turkey, Russian, India, China, AFP, Moscow, Central Asia, East, South Korea, Dubai
Thailand's same-sex marriage legislation, scheduled to come into effect in January 2025, could attract an additional 4 million tourists to the country per year, according to a report commissioned by the travel company Agoda. The report published Thursday estimates the country's marriage equality law may increase tourism arrivals by 10%, netting the country an extra $2 billion in tourism revenue per year, within two years. Arrivals are expected to come, not only from same-sex couples and their wedding guests, but from the broader LGBTQ community and beyond. The new law will make Thailand the third place in Asia to allow same-same marriage, following Taiwan in 2019 and, on a more limited basis, Nepal in 2023. The law is also set to grant same-sex couples rights related to child adoption, health care and inheritance.
Organizations: Thailand's Tourism Industry, Partnership Locations: Thailand, Asia, Taiwan, Nepal
AdvertisementMy coworkers had adult children my age and liked to bond by complaining about 20-somethings. But I didn't consider that my coworkers might not be quite so quick to dismiss our age gap. Related VideoMy coworkers often talked poorly of young people and seemed to ignore that I was one of them. The focus on age made it difficult for me to earn my team's respect and have my input taken seriously. My coworkers disparaged young people in a meetingOn one particularly memorable morning, my teammates got sidetracked from a meeting to complain about their children.
Persons: , Anna Wenner Locations: Kansas City
Russia is pouring cash into the deployment of up to 100,000 North Korean soldiers to help its war efforts — but the soldiers themselves are unlikely to receive any of it, according to North Korea experts. AdvertisementUkraine claims that up to 11,000 North Korean troops have been sent to help push back its forces in Kursk, and those numbers could rise. This could mean about 100,000 North Korean soldiers serving alongside Russia within a year, he said. North Korean soldiers onscreen in South Korea. Ukraine's allies have repeatedly said that North Korean troops fighting in Ukraine will become "cannon fodder" on the battlefield.
Persons: Kim Jong, Kim Jong Un, Dimytro Ponomarenko, Ahn Young, joon, Kim, Bruce W Bennett, Bennett, Hyunseung Lee, RAND's Bennett, there's, Yoon Sang, hyun, Yoon, Chung Min Lee, Lee Organizations: Russia, North, America, Korean, Bloomberg ., AP, Associated Press, RAND, Ukraine, Radio Free, South, Korea Economic, Navy, Carnegie Endowment Asia, North Korean, Storm Corps Locations: Korea, Russia, North Korea, Kursk, South Korea, North Koreans, Korean, Radio Free Europe, Ukraine
Federal prosecutors have accused Sean “Diddy” Combs of breaking jail rules in an attempt to manipulate witness testimony and taint the potential jury pool in his case, according to a court document filed Friday. His legal team is fighting the decision to keep Combs in federal custody and has requested a new bail hearing. Prosecutors filed an opposition to the motion in the Southern District of New York, accusing Combs of engaging in obstruction even while he sits behind bars. Jane Rosenberg / ReutersAccording to prosecutors, Combs has ordered payments to fellow inmates to use their telephone accounts and has used three-way calling to contact people who are not on his approved contacts list against federal prison regulations. Ventura settled with Combs a day after the lawsuit became public, and Combs denied all of the allegations in it.
Persons: Sean “ Diddy ” Combs, Combs, , Jane Rosenberg, Diddy, , Casandra Ventura, Cassie, Ventura Organizations: Detention Center, Prosecutors, of, NBC News, ” Prosecutors, MDC, , Homeland Security Locations: Brooklyn’s, Southern, of New York, New York City, California , New York, Florida
“Some Black Friday deals are misleading as retailers may inflate original prices to make a deal look like a better value,” said consumer savings expert Andrea Woroch. This year, in particular, some of the deals are already as good as they are going to get. Retailers plan to deliver your holiday deals a little slower this year. Travelers can check out Travel Tuesday deals from 2023 to get an idea of what to expect this year. If an item costs less at another store or popular site, often the retailer will match the price, Woroch said.
Persons: , Andrea Woroch, Adam Davis, Patrick Kelleher, Lauren Beitelspacher, ” Beitelspacher, “ we’ve, ” Davis, Lululemon, , Woroch, ” Woroch Organizations: National, Wells, Wells Fargo Retail Finance, , Consumers, DHL Supply, North, CNBC, Retailers, Babson College, Nike, , Day, Labor, Walmart, Target, Black Locations: Wells Fargo, North America
Artificial Intelligence is reshaping the job application process, simplifying some aspects — and creating new potential frictions in others. As the use of AI in hiring and applying increases, many job seekers are having to go to extra lengths to stand out. Using the tools, job seekers can save hundreds of hours — and apply to up to thousands of jobs a day, according to the services. A premium membership starts at $38 a month, according to the website — a cost AI Apply notes is much lower and more accessible than the cost of a career counselor. But job seekers are not the only party using AI in the application process, according to a recent University of Washington study.
Persons: Jeff, ” Maddie Macho, Chantal Cowie, , Cowie, Teal, Claude, ” Cowie, , Aidan Cramer, Watchdogs, Cramer, ” Cramer, we’ve, OfferGoose, Mike Peditto, Ruth Edwards, “ It’s, ” Edwards, Peditto, it’s Organizations: Gemini, NBC News, of Washington, Fortune, Pew, ” Boston, New, Tiger Locations: Boston, New York
The US Navy faces critical shipbuilding problems that could hobble it in a war with China. China's commercial and military shipbuilding capacity overshadows the rest of the world. China has pursued shipbuilding dominance over the past few years, building a massive naval fleet. Long-term investments and solutions are needed to fix the US Navy's shipbuilding problems. US Navy photo by Mass Communication Specialist Seaman Erwinjacob Miciano/ReleasedThe US Navy's shipbuilding woes aren't new, and there simply isn't a quick fix.
Persons: Shelby Oakley, Oakley, Paula Zorensky, Gerald R, Petty, Alex Smedegard, Bryan Clark, who's, Mackenzie Eaglen, Seaman Wesley J, Bryan McGrath, Matthew Funaiole, McGrath, Seaman Erwinjacob Miciano, Lisa Franchetti, Franchetti, John Harris, Campbell Organizations: US Navy, US, Getty Images China, Newport News Daily Press, TNS, Navy, Huntington Ingalls Industries, General Dynamics, Marinette Marine Corporation, of, Pentagon, USS Enterprise, Getty Images Navy, Shipbuilders, GAO, Shelby, Norfolk Naval Shipyard Shipbuilders, Shipbuilders Council of America, Ford, Columbia, Hudson Institute, American Enterprise Institute, Communication, Jiangnan Shipyard, Shipyards, China State Shipbuilding Corporation, China Power, Center for Strategic, International Studies, People's Liberation Army, of Naval Intelligence, Technological, Department of Defense, Pacific . US Locations: China, US Navy, Virginia, Columbia, Shelby West, Jiangnan, Dalian, Huangpu Wenchong, Hong Kong, Hudong, Shanghai, Beijing, Taiwan, Pacific, Japan, South Korea
Beirut AP —As a bomb descended on a multi-story apartment building in Beirut’s Tayouneh area Friday, hundreds of onlookers gathered in the street at a traffic roundabout several hundred meters (yards) away. The Israeli army said the building contained facilities belonging to the Lebanese militant group Hezbollah. A bomb dropped from an Israeli jet prepares to hit a building in Tayouneh, Beirut, Lebanon, on November 15, 2024. Hassan Ammar/APThick smoke and flames erupt from the building after it is struck. The Israeli military has maintained that it takes measures to reduce civilian casualties by issuing warnings before many of its strikes in Lebanon.
Persons: Hassan Ammar, Ammar, , , Richard Weir, Weir, Bilal Hussein Organizations: Beirut AP, Associated Press, Hezbollah, Human Rights Watch, Health Ministry Locations: Beirut, Beirut’s Tayouneh, Lebanese, Tayouneh, Lebanon, Horsh Beirut, Israel
Busy calendars can be seen as a status symbol yet can lead to burnout, an executive coach told BI. It's not uncommon for Brandon Dock to hear from execs that they're too busy to meet. "So you could either be busy every day for the next five weeks, as you claim, or you could take a half hour," Dock said. "If you have a very busy calendar, some workers use this as a status symbol," Leussink said. "I have a couple of clients that are really going through some pretty heavy burnout right now, based on their calendars," Walker said.
Persons: Brandon Dock, they're, Dock, Joep, Leussink, Kate Walker, Walker, she's, execs, Ethan Kross, who's, Kross, he'd, hadn't, what's, It's, " Kross Organizations: Workers, Control, University of Michigan Locations: AddEvent, San Francisco, we're
Americans are determined to travel this holiday season — and certain workarounds are helping them take those trips. This flexibility allows workers to take trips they might not otherwise, or stretch their trips for longer, according to the survey. The change in laptop luggers is "a pretty high jump. "The value to U.S. workers of being able to work from anywhere has clearly grown over the course of the great remote work experiment," she said. "People are willing to cut corners to save money, but they don't want to skip the trip entirely," said Ted Rossman, an industry analyst at Bankrate.
Persons: Gen Zers, Eileen Crowley, Julia Pollak, Ted Rossman Organizations: Deloitte, Finance, ZipRecruiter
Snyder shares his top 4 takeaways after making the switch from a white to blue collar job. If your Sunday evenings are tainted by the thought of clocking into work the next morning, you're not alone. Snyder, now 43 years old, has been an electrician for the last six years, and he's never looked back. Advertisement"As a union electrician, my life is a million times better," he said. If he's on the hunt for a new job, Snyder doesn't have to apply individually and interview — the union helps facilitate matching available jobs to union members looking for work.
Persons: Dustin Snyder, Snyder, he's, it's, who's, Snyder doesn't, I'm, Christine, cji Organizations: Bureau of Labor Statistics, AFL, Brotherhood of Electrical Workers Locations: Seattle
Here are some of the things Trump has pledged and how or whether they could become reality:Abolishing the Department of EducationPledge: Trump has repeatedly said he will close the federal Department of Education, sending authority over education back to the states and saving taxpayer dollars. Trump has distanced himself from the policy paper, but a CNN review found that at least 140 people who worked in the first Trump administration were involved. How it could be done: It’s not clear how the Trump administration could achieve these goals. But the new Trump administration could set certain requirements that schools must meet to receive federal funding. The Trump administration could decide to rescind the repayment plan, which was created by a regulatory process.
Persons: Donald Trump, , , Trump, Joe Biden, Betsy DeVos, Robert Enlow, Brian Snyder, ” Trump, Derrell Bradford, Biden, it’s, It’s, Vanessa Kelly, Thomas Toch, Georgetown University’s, ” Toch, Gene J, , doesn’t, Congress –, Trump’s, Obama Organizations: Washington CNN —, , Department of Education, of Education, Education, Labor, Department of Health, Human Services, Heritage Foundation, CNN, of Education’s, Civil Rights, Department of Justice, Department of Treasury, Base Andrews, Reuters Universal, Trump, Vance, , Fox Business, Republican, Children, IX, GOP, Biden, Department, Justice, Georgetown, Georgetown University’s McCourt School of Public, Penn State University, 8th, Public, Congress Locations: Maryland, Washington
And to run the new cost-cutting department, Trump tapped the businessman he calls the world's "greatest cutter" — Elon Musk. If you're looking to take a chainsaw to the federal government, Musk seems perfectly suited to the job. When it comes to federal spending, one person's waste is another person's bread and butter. And his massive investments in electric vehicles and social media are dependent on all sorts of federal spending and oversight. Musk has acknowledged that Americans will feel "hardship" as a result of the cuts he wants to see implemented.
Persons: Donald Trump, Trump, Elon Musk, Musk, cochair, Vivek Ramaswamy, Ronald Reagan —, There's, Michael Morris, Morris, it's, Andy Wu, Linda Bilmes, Ronald Reagan, Joel Friedman, Brian Hughes, DOGE, Reagan, Ramaswamy, It's, Sam, Uncle, Elon Organizations: Department of Government, Twitter, Tesla, SpaceX, Defense Department, IRS, Columbia Business School, Harvard Business School, Government, Harvard Kennedy School, Office, GAO, Fox News, Budget, Federal Aviation Administration, Veterans Administration, Locations: Ecuador, Independence
CNN —There’s nothing quite like the mouthwatering taste of real Prosciutto di Parma, known the world over as Parma ham. The end result is that Parma ham as we know it is increasingly hard to find on international dinner plates. Unlike many heavily mechanized meat processing industries, Parma ham production is steeped in history and tradition. But they are nowhere to be seen, essentially kept under lockdown to protect them from the swine fever virus. Cavagnini produces pork for products including Parma ham and San Daniele ham — a similar cured meat originating in Italy’s northeastern Friuli region.
Persons: Stefano Borchini, Alessia Pierdomenico, ” Borchini, Borchini, , Luca Bruno, That’s, there’s, , Alberto, Cavagnini, it’s, ” Davide Calderone, ” Calderone Organizations: CNN, Parma, Parma Ham Consortium ., Bloomberg, Getty, AP, Workers, Union Locations: Parma, Emilia Romagna, Langhirano, Italy, Modena, Brescia, Lombardy, Alberto Cavagnini’s, Italy’s, Friuli, China, Japan, Taiwan, Canada, United States, Brazil
AdvertisementInflation's downtrend may not be as straightforward as some investors think, according to Charles Schwab. Immigration reform could mean higher labor costs," the note added. Labor costs risingLabor costs have accelerated in recent months, with unit labor costs among all workers in the business sector rising to 3.4% year-over-year in the third quarter, according to Federal Reserve data. Markets are beginning to dial back expectations for further rate cuts in response to inflation concerns," Schwab strategists said. Charles Schwab, Citi Economic Surprise Index"Stronger growth suggests that the Fed may not lower short-term rates as much as anticipated just a few months ago.
Persons: Charles Schwab, Donald Trump, Trump, Schwab, It's Organizations: Trump, Bureau of Labor Statistics, Labor, Federal Reserve, Unit, Bloomberg, Treasury, Business, Citi
I had four months of paid leave and negotiated two more months of unpaid leave. She told me to take as much parental leave as I could and that I would never regret doing so. I combined my disability, short-term sick pay, and accrued vacation time, some of which would run concurrently with my FMLA leave, for about four months of paid leave. AdvertisementI stressed about our financesThe last couple of months of my leave presented financial stress on top of my feelings of isolation. I think it was the best amount of leave, as opposed to the most amount of leave, for me and my family.
Persons: , I'd Organizations: playgroups
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