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The consumer continues to look healthy and the supply chain has regained stability as the holiday shopping season begins. "Across the board, we are seeing volumes very similar to what we've seen in past years, especially last year," said Kelleher. Amazon recently announced its plan to hire 250,000 additional workers for the holiday season, the same seasonal hiring level as last year. "This will achieve some cost efficiencies in getting that volume out because of inflation and cost," he said. "So typically, Cyber Monday is a heavy volume day," Kelleher said.
Persons: Patrick Kelleher, we've, Kelleher, " Kelleher Organizations: DHL Supply, North, CNBC, Freight, National Retail Federation Locations: North America
Wells Fargo reiterates Citi as overweight The firm said Citi remains a number one pick following earnings on Tuesday. Citi reiterates JB Hunt as a top pick Citi said the shipping giant remains a top pick following earnings on Tuesday. Citi upgrades Cisco to buy from neutral Citi says AI will play a bigger role in Cisco's future than investors assume. Bank of America upgrades Corteva to buy from neutral The firm said the ag chemical company has numerous tailwinds ahead. Citi reiterates Coinbase as buy The firm lowered its price target on the stock to $275 per share from $345.
Persons: Fargo, Goldman Sachs, Wells, Baird, Grainger, Jefferies, Rapid7, GTM, JB Hunt, JBHT, it's bullish, Bernstein, Tesla, it's, GOOG, TD Cowen, Yum, Cowen, Taco Bell, Morgan Stanley, Piper Sandler, Walt Disney, Guggenheim, HSBC downgrades Estee Lauder, Estee Lauder, Coinbase Organizations: Citi, FAST, BMO, Microsoft, Netflix, Autodesk, Nvidia, Barclays, Apple, DoJ, UBS, California Resources, CRC, Chord Energy, Yum Brands, Taco, Taco Bell, Disney, Walt, Cisco, HSBC downgrades, HSBC, Bank of America, Qualcomm Locations: China, Greater China
Earlier this month, Kory Langhofer resigned as the chief legal counsel for former President Donald Trump's and the Republican National Committee’s “election integrity” operation in Arizona. “There’s just a perception that [Republican lawyers] are not doing enough proactively,” a second lawyer said about staving off supposed fraud. “Is it possible we are all being gaslit by the @gop regarding a fake ‘Election Integrity’ program that doesn’t actually exist?” Wren wrote in the post. Harmeet Dhillon, attorney and member of the Republican National Committee, will oversee the GOP's legal efforts around the election in Arizona. “We are full steam ahead in our unprecedented dedication to Election Integrity,” she added.
Persons: Kari Lake’s, Kory Langhofer, Donald Trump's, Langhofer, ” “ Kari, , “ There’s, staving, Trump, Harmeet Dhillon, Dhillon doesn’t, , Lake’s, Caroline Wren, Wren, onboarded Dhillon, Dhillon, Kyle Grillot, Gina Swoboda, Swoboda, Kari Lake, Bryan Blehm, Stephen Richer, Richer, Adrian Fontes, Organizations: Republican National, White, Trump, NBC News, Arizona Republican, GOP, Republican, RNC, Lake, Republican National Committee, Bloomberg, Getty, Arizona Republican Party, NBC, Arizona Republicans, Arizona Supreme Court, Arizona voters, , , Democratic Locations: PRESCOTT, Ariz, Arizona, , California, , Maricopa County, An Arizona
Nearly anyone looking for a job today can tell you that sifting through online job postings is a nightmare. When Natasha Badger, 25, was last on the job market, she tried a different strategy on LinkedIn and landed final-round interviews with three companies in the span of weeks. Badger, a digital marketer and career-content creator, quit her job with LinkedIn in September 2022 and went the typical route of applying to new ones on online job boards. Badger tried this with three companies — a big financial institution, an agency and a startup — and made it into the hiring process every time. "It really was so effective," Badger says of the LinkedIn strategy, "and I was like, 'How is this not something people are doing?'"
Persons: Natasha Badger, Badger, I'm, she'd Organizations: LinkedIn, Badger, CNBC, Akkio Locations: New York, U.S
AdvertisementThis as-told-to essay is based on a conversation with Jen Lew, a 44-year-old business operations director based in San Francisco, about her career journey. I didn't know what to major in, so I figured I'd start with a more cost-effective community college and transfer to a state college in two years. Now, I'm a business operations director at LinkedIn without an MBA or Ivy League education. I didn't know what I wanted to do and was willing to take any job. After about two years in product management, LinkedIn contacted me directly about their global ad operations job.
Persons: Jen Lew, Lew's, , It's, Ziff Davis, I'm, Manseen Logan Organizations: Safeway, Service, San Mateo City College, San Francisco State University, Ivy League, Metareward, Yahoo, LinkedIn Locations: San Francisco, Metareward, New York, mlogan
AdvertisementThis as-told-to essay is based on a conversation with Jen Lew, a 44-year-old business operations director based in San Francisco, about her career journey. I didn't know what to major in, so I figured I'd start with a more cost-effective community college and transfer to a state college in two years. Now, I'm a business operations director at LinkedIn without an MBA or Ivy League education. I didn't know what I wanted to do and was willing to take any job. After about two years in product management, LinkedIn contacted me directly about their global ad operations job.
Persons: Jen Lew, Lew's, , It's, Ziff Davis, I'm, Manseen Logan Organizations: Safeway, Service, San Mateo City College, San Francisco State University, Ivy League, Metareward, Yahoo, LinkedIn Locations: San Francisco, Metareward, New York, mlogan
"I was like, it was too good to be true, and I still fell for it," she told CNBC Make It. Rowena transferred the crypto to an Instagram account she believed belonged to a finance professional managing investments for a friend. "It's stopping and thinking, and it's having a conversation with someone," she told CNBC Make It last week. "I had invested some money into crypto, which I'm going to hold my hands up and say I don't fully understand," Rowena told CNBC Make It. "It's about making sure that wherever you're going for information, that it's a reputable source," Quinn-Cirillo told CNBC Make It.
Persons: Carly Rowena, Carly Rowena Carly Rowena, Rowena, she'd, Rowena messaged, , I'm, Carly Rowena Rowena, Akamai, Censuswide, Tara Quinn, Cirillo, Quinn, hasn't, Natalie Billingham, Billingham, she's Organizations: CNBC, YouTube, British Psychological Society, Facebook, Meta Locations: British, TikTok, Costa Rica, Akamai
Former President Donald Trump said Sunday that if elected he would ask Congress to pass legislation boosting the number of border patrol agents — several months after he thwarted a bipartisan measure that included staffing increases. Trump this year opposed a bipartisan measure that was the most aggressive border security bill in decades, one that would have imposed measures aimed at cutting the number of border crossings and tightening asylum rules. "That’s why he killed the bipartisan border bill that would’ve secured the border, despite the fact that it was endorsed by the Border Patrol," Corridoni said in a statement. Trump announced his plan to beef up border security shortly after members of the National Border Patrol Council, the labor union for Border Patrol agents and staff members, joined him onstage to voice their support for him. The same union, under a different president, endorsed the bipartisan bill that Trump helped block.
Persons: Donald Trump, , ” Trump, Trump, Biden, Harris, Matt Corridoni, would’ve, Corridoni, Kamala Harris, Karoline Leavitt, Donald J, Paul Perez Organizations: Trump, U.S . Customs, Senate Democrats, Republicans, Border Protection, Border Patrol, National Border Patrol Council, NBC Locations: Prescott Valley , Arizona, U.S, United States
It exposed me to the amount of tech talent in the region. I felt guilty about leaving my team behind, but I'm determined to keep platforming tech talent in Lebanon and support the people who want to keep working. Many people don't know Lebanon has a vibrant tech sceneIn recent years, the tech sector in Lebanon has been booming. On multiple occasions, I'd leave Beirut to stay with friends in the mountains during the night. AdvertisementI didn't want to leave Lebanon and my team, but the UK government were urging British nationals to leave.
Persons: Laura Jardine Paterson, , I'd, I've, we've, there'd, there's, Paterson, I'm, They've Organizations: Service, Tech, Business Locations: Lebanon, London, Palestinian, Syrian, Europe, Syria, Egypt, Jordan, UAE, Beirut, Israel, Southern Lebanon
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
Springfield, Ohio CNN —It’s just past 4am. To lose them would be a blow to his business, he told CNN. They’re ready to give birth in probably the next couple hours, and they’ve never had a single prenatal visit,” Cook told CNN. Haitians sit down to eat their meal at a Haitian restaurant in Springfield, Ohio, on September 12, 2024. That’s tough,” Heck told CNN.
Persons: Springfield , Ohio CNN — It’s, Daniel Aula, he’s, Aula, wasn’t, , , Donald Trump, Ohio Sen, JD Vance —, Trump, Vance, He’s, Ross McGregor, McGregor, ” McGregor, they’d, “ We’ve, Bryan Heck, Springfield Mayor Rob Rue, we’ve, Chris Cook, “ You’ve, they’ve, ” Cook, Cook, “ That’s, Biden, Sens, Sherrod, Ohio Brown, Tim Scott of, Tim Scott of South Carolina —, cc’d Vance, ” Heck, Rent, Rue, Rob Rue, Dominic Gwinn, Jaob Payen, Daniel Driscoll, I’ve, ” Andy Wilson, it’s, , Mike DeWine, Kerry Lee Pedraza, Pedraza, ” Pedraza, Roberto Schmidt, Aula’s, Harris, Alejandro Mayorkas, Katie Kersh, Kersh, ” Kersh, Lebon, ” Lebon, Sassy ”, ’ ”, “ ’, Sen, JD Vance, Matthew Hatcher, , Fran DeWine, Prince —, ” DeWine, DeWine, that’s, , Daniel Aula’s, ” Aula, ” “, CNN’s Catherine E, Shoichet, Kate Sullivan, Daniel Dale Organizations: Springfield , Ohio CNN, CNN, Biden, Nation, Springfield City, Springfield Mayor, Springfield, Infants, Children, City, Getty, US Navy, Republican, Ohio Department of Public, Patrol, Springfield Police, United, “ Haitian Coalition, AFP, United Nations Human Rights, UN, US, Homeland, TPS, , Gov, Ohio Gov, Trump, Underground Railroad Locations: Springfield , Ohio, Haiti, Springfield, Ohio, November’s, Clark County, Pentaflex, Haitian, Tim Scott of South Carolina, , County, City, United States, Creole, Leesport , Pennsylvania, Port, DeWine, America, Germans, ,
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
Small businesses also face tight credit conditions and are slowing hiring. AdvertisementThe September payrolls report seemed to switch the investor narrative around the labor market on a dime. Given the usual lags involved between changes in rates and activity, things will probably get worse for small businesses before they get better." "The labor market is not out of the woods just yet, and I continue to see another hiccup in the jobs market before year-end," Dutta wrote. AdvertisementStill, it's unclear how much pressure the labor market will come under in the months ahead.
Persons: , bearish David Rosenberg, Rosenberg, Merrill Lynch, Samuel Tombs, Tombs, Neil Dutta, Dutta Organizations: Service, Fed, September's, Rosenberg Research, Pantheon, Macro Research, The Conference Board
Starbucks CEO Brian Niccol has been in his new role for about a month. Employees at Starbucks stores say they're eager to see what changes he makes. Business Insider has spoken to 10 Starbucks store workers — whom the company calls "partners" — since the chain announced Niccol would become CEO. "It's no longer the third place," one Starbucks store manager in Florida previously told BI. Starbucks should hire more workers to shorten wait timesShifts at Starbucks stores are often short-staffed, multiple partners have told BI.
Persons: Brian Niccol, , Niccol, Laxman Narasimhan, Howard Schultz, Kevin Johnson, I've, Narasimhan, there's Organizations: Employees, Service, Starbucks, SEC, Partners Locations: U.S, Florida, North America, North Carolina, South Dakota
A Harvard career advisor says there are other ways to jump-start your career beyond consulting. Related storiesThat's where dedicated early-career programs come in. AdvertisementNg said those are the exact kinds of perks that new grads can get at companies with early-career programs. Ng has compiled a list of more than 1,000 companies that have early-career programs. As for the tech companies with dedicated early-career programs, his list includes companies such as Nvidia, PayPal, Snap, Dropbox, Zoom, and Workday.
Persons: , Gorick Ng, they're, Ng, he's, Z, Young, gunning, Grainger, He's, Goldman Sachs, Piper Sandler, it's, there's Organizations: Harvard, Service, Harvard University, Consulting, GE, Fifth Third Bank, Aon, CNBC, NBC Universal, Nvidia, PayPal, UBS, Deutsche Bank
I took my kids to a family-centric, all-inclusive resort in Mexico this summer. My kids had fun, but I was the one who needed to be taken care of, and I loved it. There was only one option that made sense: An all-inclusive resort. The magic of an all-inclusive resort is that when your kids don't eat their steak or their $20 chicken nuggets, it doesn't make you want to cry inside. While I can't live at an all-inclusive resort or afford to hire a personal butler to take care of my needs 24/7, I am worth investing in.
Persons: I'm, , tasker, Kitty, Yari Organizations: Service, resort's Kids Locations: Mexico, Caribbean, American
Investors face delays moving certain assets from TreasuryDirect
  + stars: | 2024-10-11 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
As investors revisit bonds amid falling interest rates, some are encountering longer waits to transfer certain assets purchased via TreasuryDirect, a platform run by the U.S. Department of the Treasury. TreasuryDirect, which sells government-backed assets, experienced a surge in demand in recent years as investors flooded into Series I bonds that offered record-high yields amid elevated inflation. Now, other assets, such as Treasurys, are taking longer to transfer from TreasuryDirect to brokerage accounts. When asked about wait times, the spokesperson said it "depends more on complexity than capacity" and that processing times are "well under one year right now and declining daily." The agency aims to "modernize the retail program in the future" and is designing solutions "with the customer in mind," the spokesperson said.
Organizations: U.S . Department of, Treasury, Street, Finance, Social, Administration, Fiscal Service, CNBC Locations: TreasuryDirect, Treasury's
September's robust job growth signaled what looks like a booming labor market. In general, the job market is booming. There's some tension hiding in the dataOn its face, the labor market is looking rosy. Job openings ticked up in August but have been broadly declining since 2022, adding to the tough labor market picture for job seekers. Related storiesEven though the labor market has cooled, it's largely done so without mass layoffs or a full-blown recession.
Persons: , ​ ​ Cory Stahle, they're, Liz Wilke, Elizabeth Renter, Matt Colyar, Claudia Sahm, Julie Su, Wilke, It's Organizations: Service, Workers, Moody's, New Century Advisors, mhoff
Comcast CEO Brian Roberts chose Shell to replace Steve Burke as NBCUniversal CEO in 2019. Soon, Shell, 59, will be at the helm of Paramount and paired with Ellison, who has already expressed his desire to transition Paramount into a more modern media company. The 10 p.m. hourAt Paramount, Shell will be given an asset mix similar to what he oversaw at NBCUniversal — save the theme parks. Wolf's shows were also significant moneymakers for NBCUniversal, according to a person familiar with the matter. Some media analysts, such as LightShed Partners' Rich Greenfield, have argued Paramount Global should shut down Paramount+ and instead license Paramount content to other streamers with more scale.
Persons: Jeff Shell, Eric Gaillard, NBCUniversal, David Ellison, Ellison, Comcast's NBCUniversal, Shell, Brian Roberts, Steve Burke, RedBird, Andrew Brandon, Gordon, Shell's, , Skydance, NBC —, CNBC's David Faber, George Cheeks, Hollywood creatives, Dick Wolf, Kevin Dietsch, Stephen Colbert, it's, we've, Pluto, Rich Greenfield, Shell's playbook, We've, Peacock, Roberts, Andrew Wilson, Brian L, Eric Charbonneau, Wall, Mark Hoffman, Shepard Smith, Hoffman Organizations: NBCUniversal, Cannes Lions International, Creativity, Reuters, Paramount Global, Skydance Media, Shell, CNBC, Paramount, Fox, Comcast, NBCU International, Universal, Entertainment Group, RedBird Capital Partners, NFL, CBS, Paramount Pictures, NBC, Local, Journal, FBI, Hollywood, TV, Allen & Company Sun Valley, Getty, LightShed Partners, Warner Bros ., Viacom, WarnerMedia, Netflix, EA, Entertainment, Comcast Corporation, Universal Pictures, Invision, Bravo, MSNBC, MTV, VH1, Comedy Central, Fox News, NBC Sports, NBA, CBS Sports, Big Ten, UEFA Champions League Locations: Cannes, France, Shell, NBCUniversal, Sun Valley , Idaho, Toronto
Nvidia stock is set for more gains as demand for its GPU chips surges, Morgan Stanley says. Nvidia's Blackwell GPU is on schedule and is sold out for the next 12 months, the company said. AdvertisementNvidia stock is poised for more gains as its GPU chip business continues to see surging demand. AdvertisementThat should be a boon for Nvidia's GPU chip product set, according to the note. Nvidia stock is up 172% since the start of this year.
Persons: Morgan Stanley, Nvidia's, , Jensen Huang, Colette Kress, Joseph Moore, Moore, Blackwell, Hopper Organizations: Nvidia's Blackwell, Service, Nvidia, Blackwell, Microsoft Locations: New York City
Denmark is among the happiest countries in the world, but Davies said New York is more exciting. AdvertisementThis as-told-to essay is based on a transcribed conversation with Joanna Davies, 30, about moving from Denmark to New York. Denmark was a safe place to live with a lot of welfare support, but I've found a more exciting destination in New York. New York feels especially different from Denmark's strong welfare system. Denmark may be one of the 'happiest' places to live, but New York is more excitingDenmark is known as one of the happiest countries in the world.
Persons: Joanna Davies, Davies, , Denmark's, I've, Denmark I'd, — It's, New York hasn't, There's Organizations: Service, Aarhus University, Columbia University, Business Locations: New York, Denmark, London, Aarhus, America, New York . New York, Manhattan, Central, New York New York
If your home is temporarily uninhabitable after a natural disaster, a provision in your homeowners or renters insurance policy may help you with new lodging and other living expenses. Insured losses from Hurricane Milton could range from $30 billion to $60 billion, per Morningstar DBRS. Homeowners and renters affected by a natural disaster can ask about so-called "loss of use" or "additional living expenses" coverage from their insurance providers, experts say. The provision is meant to help cover reasonable living expenses if your home is not suitable to live in as a result of a covered peril such as a hurricane, fire or burst pipe. "I don't know of any homeowners policy that doesn't have it already there," said Karl Susman, president and principal insurance agent of Susman Insurance Services, Inc. in Los Angeles.
Persons: Morningstar, Karl Susman, Shannon Martin Organizations: Susman Insurance, Inc, Finance Locations: Hurricane, Hurricane Milton, Los Angeles
Former President Donald Trump said in an economic address Thursday that the U.S. has allowed "big companies" to "come in and raid and rape our country." I used the word 'rape,'" Trump said at the Detroit Economic Club after his remarks were met with what sounded like some gasps from the audience. "So here’s the deal that I will be offering to the world, to companies outside of our world, big companies, powerful companies, that have become powerful because we were stupid, we were stupid. Trump added that his administration would impose a “tax or tariff” on companies that do not manufacture their goods in the U.S. Trump used similarly loaded language during his 2016 presidential campaign when he singled out China.
Persons: Donald Trump, Trump, Kamala Harris, ” “, Karoline Leavitt, rallygoers, , E, Jean Carroll, Carroll, defaming Carroll Organizations: Detroit Economic Club, Trump Locations: United States, America, U.S, China, Indonesia, Turkey, Canada, Indiana, New York City, New York
Nvidia remains at the forefront of AI innovation, with new opportunities to gain market share, Morgan Stanley said. Analyst Joseph Moore reiterated his overweight rating on the chipmaker and said meetings with Nvidia's CEO and other management reinforced the firm's view that it is the top pick in semiconductors. NVDA YTD mountain Nvidia stock this year. To be sure, even as Morgan Stanley doubles down on its Nvidia bull case, the company's near-term growth story has some skeptics. Shares closed down slightly on Wednesday at $132.65, just short of the stock's closing high of $135.58 met in June.
Persons: Morgan Stanley, Joseph Moore, Moore, Nvidia's Blackwell, " Moore, Blackwell, Atif Malik, he's, Katie Stockton Organizations: Nvidia, NVIDIA, Management, Citi
Ye has been accused in a new lawsuit of threatening to kill a former employee. The plaintiff said he was asked to investigate the Kardashian family. AdvertisementYe, the embattled rapper formerly known as Kanye West, has been accused in a new lawsuit of threatening to kill an employee who says he was tasked with investigating bizarre conspiracy theories surrounding the Kardashian family. "John Doe was also tasked by Ye with investigating the Kardashian family and supposed various criminal links Ye believed they had with criminal enterprises, including alleged sex trafficking," the lawsuit says. Reps for Ye and the Kardashian family — which includes Ye's ex-wife, Kim Kardashian — did not immediately respond to a request for comment from Business Insider on Thursday.
Persons: Ye, Kardashian, , John Doe, Ye's, Bianca Censori, Kim Kardashian, Pete Davidson, Pete Davidson's, Censori, Doe, Ron Zambrano, Zambrano Organizations: Service, Business, TikTok, TMZ, Donda Academy, Plaintiff, West Coast Employment Lawyers Locations: California, Australia, North West
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