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In 2019, Pew Research Foundation officially established a generation after millennials, Generation Z. Generation Z includes anyone born between 1997 and 2012. The newest addition to today's workforce is Generation Z, born between 1997 and 2012. Meanwhile, most of Generation Z doesn't remember the event at all. "We look forward to spending the next few years studying this generation as it enters adulthood," Dimock wrote of Generation Z, adding that it's always possible that new data could give researchers a reason to reevaluate these generational boundaries.

☆ How a creator built a Facebook group that has earned more than $220,000 from affiliate links this year
▼ + stars: | 2023-05-25 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +4 min

Deesh, who started the group in 2016, makes money using affiliate marketing. Couponing began as a hobby and money-saving passion for Keesh Deesh, who started a Facebook group in 2016 to share coupons and deals with friends. Once her friends began inviting their friends, and so on, Deesh's group "started to take off." When Deesh first started sharing affiliate links in her group, she was using Amazon's Affiliate Program. Facebook Groups as an unexpected social-shopping experienceWhile influencers often share content showcasing the highlights, Deesh said she tries to keep her Facebook Group relatable.

☆ China's latest Covid surge pressures 3 Club stocks, but doesn't change our conviction in each
▼ + stars: | 2023-05-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Investor concern has been spilling over into the Club holdings doing the most business in China: Wynn Resorts (WYNN), Estee Lauder (EL), and Starbucks (SBUX). That ultimately bodes well for Estee Lauder, Starbucks and Wynn, even if increasing consumer demand appeared somewhat uneven in the latest round of quarterly results. And we're expecting Estee Lauder's China business to recover as travel continues to accelerate. We remain optimistic about the growth trajectory in the country, and see this latest Covid wave as a temporary speedbump. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Estee Lauder, Wynn, Jim Cramer, Jim, Laxman Narasimhan, Beijing's, hasn't, Estee, Jim Cramer's, WYNN Organizations: Wynn Resorts, WYNN, Starbucks, Wynn, Management, CNBC, China News Service, Getty Locations: China, Shanghai, Beijing, Macao, Asia

HIROSHIMA, Japan — President Biden and other leaders of the world’s major industrial democracies rallied around Ukraine on Sunday with vows of resolute support and promises of further weapons shipments even as Russian forces claimed to have seized full control of a bitterly contested city. Mr. Biden and his counterparts figuratively and, in some cases, literally wrapped their arms around President Volodomyr Zelensky of Ukraine, who made an audacious journey halfway around the world from his ravaged homeland to Hiroshima, Japan, to solicit aid for the first time in person from the Group of 7 powers at their annual summit. “Together with the entire G7, we have Ukraine’s back, and I promise we’re not going anywhere,” Mr. Biden told Mr. Zelensky while announcing another $375 million in artillery, ammunition and other arms for Ukraine. At a later news conference, Mr. Biden voiced defiance of President Vladimir V. Putin of Russia. “I once more shared and assured President Zelensky, together with all G7 members and our allies and partners around the world, that we will not waver,” he said.

☆ Factbox: What is 'Jerusalem Day' and why is it an Israeli-Palestinian flashpoint?
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +3 min

[1/3] Israelis and Palestinians stand opposite to each other near Damascus gate to Jerusalem's Old city as Israel mark Jerusalem Day, in Jerusalem May 18, 2023. Here are details on "Jerusalem Day" and why it stirs fears of renewed violence:WHAT IS JERUSALEM DAY? Israel fought a number of Arab armies in a 1967 war, during which it captured territories including East Jerusalem. Israel has since annexed East Jerusalem, in a move that has not won international recognition, and regards the entire city as its eternal and undivided capital. Palestinians want East Jerusalem as the capital of a future state.

[1/2] Production units are seen in operation at Marathon Petroleum’s Galveston Bay Refinery in Texas City, Texas, U.S., May 15, 2023. Scott Higgins, a 55-year-old machinist, was killed and two contract employees, including Eduardo Olivo, were injured in a fire at Marathon’s giant Galveston Bay Refinery on Monday morning. The unit is the larger of two Ultraformers at the 593,000 barrel-per-day (bpd) Galveston Bay Refinery, the second-largest in the United States. Higgins was the second worker to die at the Marathon refinery this year. On March 23, 2005, when the refinery was owned by BP Plc, 15 contract workers were killed and 180 other people were injured in a explosion caused by an overflowing refinery unit.

☆ Post-it and Scotch tape maker 3M abruptly fired its chief business officer, who had a $4.5 million compensation package, for 'inappropriate conduct'
▼ + stars: | 2023-05-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

3M fired its chief business officer, saying he behaved inappropriately and violated company policy. His 2022 total compensation was $4.5 million. 3M, which manufactures brands including Post-it, Scotch, and Scotch-Brite, announced on Monday that Michael Vale had been "terminated for cause," effective May 12. In 2022, when he served as group president of 3M's safety and industrial business, Vale's total compensation was $4.5 million, financial filings show. Since April 2022, Vale's target total cash compensation was $1.62 million, half of which was made up of his base salary.

☆ Revolut's CFO leaves the digital bank after two years, citing personal reasons
▼ + stars: | 2023-05-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

LONDON — Revolut's chief financial officer, Mikko Salovaara, is leaving the digital bank after two years, citing personal reasons. A company spokesperson told CNBC that Salovaara resigned and has not been fired. He said it would be inappropriate to divulge the personal reasons that have led to his departure. The Revolut spokesperson said Salovaara's decision was unrelated to concerns flagged by auditor BDO about the company's financial accounts. In its latest annual report, Revolut posted its first-ever full year of profitability, posting a pretax profit of £59.1 million on revenue of £636.2 million.

☆ The 2 Israels: Court Crisis Is Front Line for Dueling Visions of a Nation’s Future
▼ + stars: | 2023-05-07 | by ( Patrick Kingsley | ) www.nytimes.com time to read: +1 min

Beit Shean is a sleepy low-rise community where most restaurants close on the Jewish Sabbath. Many of the Mizrahim there see the Supreme Court as an unelected elite — dominated by Ashkenazi judges — that unfairly subverts the public’s elected representatives. In recent weeks, those divisions have led to open confrontations on the roads around Beit Shean. In March, dozens of government supporters, some of them from Beit Shean, took over a major intersection near the city and blocked drivers they suspected were anti-government kibbutzniks, but they allowed Beit Shean residents and government supporters to pass. Yair Ben Hamo, a Mizrahi resident of Beit Shean who helped lead the roadblock, said he was motivated by issues “way more complex than just the reform.”

The seizure was to "thwart the activity" of Islamic State and "impair its ability to further its goals," the NBCTF said on its website. The NBCTF document, which has not been previously reported, did not give any details on the value of the crypto seized, nor how the accounts were connected to Islamic State. Binance, the world's largest crypto exchange by trading volumes, did not respond to Reuters' calls and emails seeking comment. The U.S. Treasury said in a report last year that Islamic State had received crypto donations it later converted to cash, accessing funds via crypto trading platforms. The owner of the two Islamic State-linked Binance accounts seized by Israel was a 28-year old Palestinian called Osama Abuobayda, the NBCTF document shows.

☆ Shipping Giant Maersk Drops Deep Sea Mining Investment
▼ + stars: | 2023-05-03 | by ( Yusuf Khan | ) www.wsj.com time to read: +4 min

Shipping company A.P. Moller-Maersk is selling its stake in deep-sea mining firm The Metals Company, even as the legal process to allow seabed mining approaches its final stages. The shipping company held more than 9% of TMC in 2021, according to data from FactSet and has been an investor in the company since 2017. TMC is one of the biggest proponents of deep-sea mining and is the most active company within the space, being the first to complete pilot testing. TMC and other deep-sea mining firms have come under fire over worries that the practice will harm the seabed environment.

☆ Factbox: Sudan's history of coups, wars and instability
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +3 min

The commanders of the army and paramilitary Rapid Support Forces, who shared power as part of an internationally backed transition to democratic rule, have shown no sign of compromise. Here are some major episodes of political turmoil and conflict in Africa's third largest country:* 1985. President Jaafar Nimeiri, who seized power in a coup in 1969, is ousted after a popular uprising. A conflict in Sudan's western Darfur region flares, pitting rebels against government forces backed by a militia known as "Janjaweed", which roughly means "devils on horseback". This is followed by a period of rising tension between the army and civilian politicians over the transition to democratic rule.

☆ Early Asos and Boohoo investor leads $10 million round in discount fashion marketplace startup Secret Sales
▼ + stars: | 2023-05-03 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

UK-based fashion marketplace startup Secret Sales has raised a $10 million Series B round. Clothing marketplace startup Secret Sales has raised $10 million in a round led by an early backer of fashion giants Asos and Boohoo despite a cooldown in investor interest in the sector. Some fast fashion retailers are under investigation by the Competition and Markets Authority for supposedly greenwashing how eco-friendly their fashion lines and manufacturing efforts have been. This allows brands to connect to Secret Sales in under two weeks, while legacy outlets take up to eight weeks, Griffin added. Secret Sales' "model is not just a small niche of a market, it's a vast market, and it scales potentially globally," said Iain McDonald, founder of Belerion Capital Group.

☆ Opinion | Why Trump Won’t Let Go of His Dream of Domination
▼ + stars: | 2023-05-03 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +6 min

Once early humans had developed spears, Haidt continues,anyone could kill a bullying alpha male. Anything that suggests the aggressive, controlling behavior of an alpha male (or female) can trigger this form of righteous anger, which is sometimes called reactance. In democracies, voters, on average, favor the taller candidate and often crave a “strong leader." They might ostracize him (the alpha male) but mostly they assassinate him. As far as “coercive alpha males" go, Trump is a bully, as demonstrated by his treatment both of competitors for the nomination in 2016 and of Gov.

SummarySummary Companies Hudson is the first female CEO to lead the airlineNew CEO to take over from Alan Joyce in NovemberMay 2 (Reuters) - Australia's flagship carrier, Qantas Airways Ltd (QAN.AX), on Tuesday named its finance chief Vanessa Hudson as its new chief executive officer, making her the first woman to lead the century-old airline. Hudson's appointment makes her one of the few female executives leading an airline, including Virgin Australia CEO Jayne Hrdlicka. "Vanessa has been market-facing as CFO since October 2019, which will have prepared her well for the very public role as Qantas CEO," RBC Capital Markets analyst Owen Birrell said in a note. SUCCESSION PLANSJoyce, 56, served as Qantas CEO for more than 14 years and helped navigate the airline through the COVID-19 pandemic, fluctuating fuel prices, and competition. Qantas said Hudson would continue in her current role until taking over as Qantas' 13th CEO at the 2023 annual general meeting.

[1/2] Zsolt Hernadi, Executive Chairman of Hungarian oil and gas group MOL poses during an interview with Reuters in Budapest, Hungary, April 27, 2023. Hernadi said MOL was fighting to prevent a hike in oil transit fees in Ukraine and also in Croatia. The BTC pipeline transports crude oil from offshore oil fields in the Caspian Sea to the Turkish coast. He said MOL would pay Ukraine's pipeline operator Ukrtransnafta directly for the transit of Russian oil but there was still a dispute over a Ukrainian hike in fees. "There are still disputes, discussions ongoing about the transit fee, as a multi-fold increase has been flagged (by Ukraine)."

☆ Barclays Names HSBC Executive as Compliance Chief
▼ + stars: | 2023-04-21 | by ( Mengqi Sun | ) www.wsj.com time to read: 1 min

Barclays is navigating regulatory probes and a downturn in deals. Photo: Jason Alden/Bloomberg NewsBarclays PLC has hired a new chief compliance officer from rival HSBC Holdings PLC, as the bank navigates a deal-making downturn and continuing regulatory investigations into former Chief Executive Jes Staley ’s ties with convicted sex offender Jeffrey Epstein . London-based Barclays said Thursday that it has named Kirsty Everett as its new compliance chief, ending a few months of search. Ms. Everett is joining from HSBC, where she was group head of compliance after previously holding other senior compliance roles. She will start July 1, subject to regulatory approval, Barclays said.

☆ Swiss bank Julius Baer makes key appointments in Southeast Asia
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, April 13 (Reuters) - Zurich-based Julius Baer (BAER.S) has appointed Chin Lit Yee as its new head of South East Asia, the private bank said on Thursday. Kevin Tay will assume Yee's previous role as group head of South East Asia, with all appointments coming into effect on Thursday, according to the statement. Prior to joining Julius Baer in 2015, he had worked with Credit Suisse, Deutsche Bank and J.P. Morgan, according to Thursday's statement. The appointments come as Julius Baer intensifies its focus on Asia, its second home market. Meanwhile, Julius Baer named Yee Kim Tan as its Singapore branch manager.

[1/5] A Palestinian Christian man Ehab Ayyad offers dates and water to Muslims held up in traffic or getting late for home to break their fast during Ramadan, in Gaza City April 12, 2023. For those unlucky enough to miss breaking the fast altogether as they stand in solid traffic, Ehab Ayyad is a welcome sight. The Christian man from Gaza offers dates and water to Muslims held up in traffic or late home to break their fast, in keeping with the Prophet's tradition. Five years ago, Ayyad began by offering neighbours dates and water, the first thing Muslims normally eat when they end their fast at sunset, and decided to make the offer general. "On our holidays, our Muslim neighbours come to visit and congratulate us, and we do the same on their holidays," Ayyad said.

☆ Barclays investors urged to reject bonuses for ex-CFO
▼ + stars: | 2023-04-06 | by ( Iain Withers | ) www.reuters.com time to read: +4 min

SECURITIES BLUNDERBarclays docked the pay of its ex-CFO Tushar Morzaria and its current top executives by a combined 1 million pounds ($1.25 million) in February over the securities blunder. STALEY SCRUTINYBarclays said in a notice last week that recent allegations against Staley regarding his relationship with Epstein were "serious and new". He left Barclays in 2021 after a dispute with British financial regulators over how he described his ties with Epstein. Barclays has said Staley received 2 million pounds in fixed pay during his 12-month notice period, and the bank paid his moving expenses back to the United States. Glass Lewis said investors could be "reasonably satisfied" with the company's disclosures on Staley and welcomed the suspension of his awards.

☆ European stocks set to open higher as banking concerns continue to ease
▼ + stars: | 2023-03-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a higher open Thursday as concerns over the banking sector ease. European stock markets were higher on Wednesday, as concerns over the health of the sector continued to wane; UBS shares were up 4.5% mid-afternoon yesterday after the bank announced Sergio Ermotti would return to his role as group CEO from April 5, following the recent acquisition of Credit Suisse. Shares of the bank ended the session 3.7% higher. Asia-Pacific markets were trading mixed on Thursday, with Australia's benchmark index hitting a two-week high as concerns on the recent banking turmoil in the U.S. and Europe ease. U.S. stock futures were little changed Wednesday night.

☆ Alibaba's breakup lifts hopes China's regulatory winter is thawing
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +6 min

The move represented a light at the end of the tunnel for many investors who had seen a wave of regulatory blitzes as a major cloud hanging over China's private sector. Reuters GraphicsAlibaba said on Tuesday it would split into six units - Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group and Digital Media and Entertainment Group. He was spotted on Monday in Hangzhou, home to Alibaba, just one day before the company announced the restructuring. Tencent Holdings Ltd (0700.HK), China's largest gaming company, saw shares rise as much as 5.1%. Alibaba's split may pave the way for other Chinese tech giants to undergo similar restructuring, CMC Markets analyst Tina Teng said.

☆ Alibaba's breakup plan lifts hopes China's tech crackdown is ending
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +4 min

The group's Hong Kong-listed shares jumped as much as 16.3%, tracking a 14.3% rally in its U.S.-listed shares overnight . Its e-commerce rival JD.com Inc (9618.HK) rose 7% and gaming giant Tencent Holdings Ltd (0700.HK) gained 5%. That compared with a 2.3% jump in benchmark Hang Seng Index (.HSI) and a 3.2% gain for the Hang Seng Tech Index (.HSTECH). Brian Tycango, who tracks China's tech sector at Stansberry Research, says that in addition to enabling higher valuations, the restructuring better protects individual divisions from future government regulation. "Any new regulations will likely not affect the whole company now - just the particular division that that regulation covers," Tycango told Reuters.

☆ Alibaba's Hong Kong shares surge 16% on split-up plans
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

March 29 (Reuters) - Hong Kong shares of Alibaba Group (9988.HK) soared on Wednesday, marking a vote of confidence from investors after the company announced a major restructuring plan. Shares of Alibaba's e-commerce rival JD.com Inc (9618.HK) were up 7%, and gaming giant Tencent Holdings Ltd (0700.HK) jumped 5% on Wednesday morning. That compared with a 2.3% jump in benchmark Hang Seng Index (.HSI) and a 3.2% gain for the Hang Seng Tech Index (.HSTECH). One day before the re-organization was announced, Alibaba founder Jack Ma, who had been out of mainland China since late 2021, was spotted visiting a primary school in Hangzhou, the city where Alibaba is headquartered. Reporting by Josh Horwitz in Shanghai and Donny Kwok in Hong Kong; Editing by Muralikumar Anantharaman and Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ SoftBank shares jump on Alibaba split-up plans
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +2 min

TOKYO, March 29 (Reuters) - Shares in SoftBank Group Corp (9984.T) soared on Wednesday after Chinese e-commerce conglomerate Alibaba Group (9988.HK), in which the Japanese technology investor has a 13.7 % stake, announced a major restructuring plan. SoftBank shares were up 5.6% in afternoon trade, on track to post the biggest percentage gain in five months. Alibaba shares were up 13.2%. Ichiyoshi Asset Management director Mitsushige Akino said that investors chased SoftBank higher in light of a spike in Alibaba shares, but that it is too early to tell whether the revamp will bring lasting growth to the Chinese company. "I'm not sure if a 5% rise (in SoftBank shares) can be justified.

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