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☆ Who Are the 4 People Running CNN Now?
▼ + stars: | 2023-06-08 | by ( Katie Robertson | ) www.nytimes.com time to read: +1 min

Her division was reduced as part of cost-cutting measures by Mr. Licht, who announced in October that CNN would stop buying original TV series and documentary films and that Ms. Entelis would explore developing a studio focused on long-form content. Before joining CNN, Ms. Entelis worked at ABC News for 30 years, starting as a producer and rising through various leadership roles. She was one of three executives chosen last year to lead CNN on an interim basis after the ouster of its previous chief executive, Jeff Zucker. She was promoted to that job in July 2022 by Mr. Licht after a decade at the network, which she joined as a deputy in the Washington bureau. Ms. Moseley previously worked for 18 years at ABC News, where she was a senior Washington producer for “Good Morning America.” She is married to Thomas R. Nides, the U.S. ambassador to Israel.

Persons: . Licht, Entelis, Jeff Zucker, Virginia Moseley Virginia Moseley, Moseley, Thomas R Organizations: CNN, ABC News, White House, America Locations: United States, Washington, U.S, Israel

☆ Millionaires see market volatility, inflation among biggest threats to wealth, CNBC survey finds
▼ + stars: | 2023-06-07 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

"We're starting to climb that wall of worry again," said certified financial planner Chris Mellone, partner at VLP Financial Advisors in Vienna, Virginia, referring to market resilience despite economic uncertainty. The volatility index, or the VIX , is currently trending lower, below 15 as of June 5, Mellone pointed out. Inflation is still a top concernWhile inflation continues to moderate, many affluent Americans still worry about high prices. Annual inflation rose 4.9% in April, down slightly from 5% in March, the U.S. Bureau of Labor Statistics reported in May. Chris Mellone Partner at VLP Financial Advisors

Persons: Chris Mellone, Mellone, Natalie Pine, We're Organizations: Getty, VLP Financial, Briaud Financial, College Station ,, U.S . Bureau of Labor Statistics Locations: Vienna , Virginia, College Station, College Station , Texas

☆ Supreme Court ruling could chill labor strikes
▼ + stars: | 2023-06-02 | by ( John Kruzel | ) www.reuters.com time to read: +5 min

Angela Cornell, a Cornell Law School labor law professor, called it "another decision that undermines the capacity of unions to function." MORE STRIKESThe ruling comes at a time of increasing strikes called by U.S. labor unions. Some experts pointed out that the ruling largely preserved the existing legal scaffolding for deciding labor law preemption cases of this kind. The Supreme Court, with its 6-3 conservative majority, has dealt setbacks to organized labor in key cases in recent years. Brudney said Thursday's ruling "was not comparable to that broader trendline" of decisions weakening labor unions.

Persons: Amy Coney Barrett, Angela Cornell, Cornell, Kenneth Dau, Schmidt, Benjamin Sachs, Sachs, Dan Altchek, Saul Ewing, Altchek, James Brudney, Brudney, Anne Marie Lofaso, Lofaso, John Kruzel, Will Dunham Organizations: U.S, Supreme, Taiheiyo Cement Corp, Cornell Law School, Indiana University Maurer School of Law, Harvard Law, Glacier, Inc, International Brotherhood of Teamsters, National Labor Relations, U.S . Bureau of Labor Statistics, Fordham University Law, West Virginia University College of Law, Thomson Locations: Japan, Washington, Philadelphia, California

☆ US bans new oil and gas leasing around New Mexico cultural site
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

Tribes, conservationists and state officials have long called on the federal government to ban drilling in the area. Structures in the area date back thousands of years, and the park is listed as a World Heritage Site by UNESCO, the United Nations' cultural agency. It is aligned with his goal to conserve at least 30% of federal lands and waters by 2030. But, the Interior Department ban on new leasing on federal lands around Chaco will last for just 20 years and does not extend to private, state or tribal lands. Oil and gas industry groups have opposed withdrawing the lands around Chaco for leasing.

Persons: Read, Biden, Joe Biden, Biden's, Deb Haaland, Nichola Groom, Kim Coghill Organizations: Chaco Culture, Historic, UNESCO, United Nations, Interior Department, New, Congressional, Navajo Nation, U.S . Bureau of Land Management, Thomson Locations: Pueblo, Chaco, New Mexico, U.S, New Mexican, American, Laguna

☆ How to manage a big retirement risk amid health-care inflation
▼ + stars: | 2023-06-02 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Geber86 | E+ | Getty ImagesThere are plenty of risks for retirees — and those risks may compound by the rising cost of health care in retirement. There's also a higher likelihood of retirees needing medical care as they grow older. A 65-year-old couple who retired in 2022 will spend an average of $315,000 in health-care costs throughout retirement, not including long-term care, according to Fidelity Investments. Of course, every retiree's costs will be different, said certified financial planner Anthony Watson, founder and president of Thrive Retirement Specialists in Dearborn, Michigan. "The best way to plan for health-care costs is to learn how to be a good health-care consumer," said McClanahan, who also is a physician and member of CNBC's Advisor Council.

Persons: it's, There's, Anthony Watson, Carolyn McClanahan, McClanahan Organizations: —, U.S . Bureau of Labor Statistics, Fidelity Investments, Morgan, Planning Partners Locations: Dearborn , Michigan, Jacksonville , Florida

☆ Measuring inflation can be tricky and quirky. Here are 3 examples
▼ + stars: | 2023-06-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

HousingRichard Newstead | Moment | Getty ImagesHousing is perhaps the most consequential category in the consumer price index, a key inflation barometer. But Covid-19 warped that dynamic: Housing costs shot up but have slowed and even started to fall in some areas, economists said. Overall inflation is expected to slow sharply during the second half of the year as the CPI incorporates the housing price cooldown, economists said. The government doesn't calculate health insurance inflation by measuring consumers' direct costs, such as monthly premiums. Health insurance inflation readings may flip positive in fall 2023 and persist into 2024 due to this dynamic, Zandi said.

Persons: Housing Richard Newstead, Zandi, Price, Mark Zandi, Andrew Hunter, Hunter, There's, Jordi Mora Igual Organizations: Housing, Capital Economics, U.S . Bureau of Labor Statistics, BLS, CPI, Health, Images, Kaiser Family Foundation, Consumers

Despite a strong job market, human resources and employment services stocks have taken a beating lately. That could signal an economic slowdown ahead. Since March 1, the S & P 1500 Composite Human Resource & Employment Services Sub-Industry has seen accelerated underperformance versus the broader S & P Composite 1500 index. Large drawdowns in the jobs-related sub-industry tend to precede recessions and larger increases in unemployment. See below for details on how stocks in the S & P 1500 Composite Human Resource & Employment Services Sub-Industry have performed in recent months.

Persons: Dow Jones, nonfarm payrolls, Robert, ASGN, Korn, — CNBC's Michael Bloom Organizations: Industry, U.S . Bureau of Labor Statistics, ADP, Dow, Robert Half International, Wednesday, UBS, Robert Half, Kelly Services

☆ This couple raised CEOs of two multimillion-dollar tech startups—here's their No. 1 parenting secret
▼ + stars: | 2023-05-31 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Usha and Balu Viswanathan pose with their children, Nikil (far left) and Tara (far right). Balu and Usha Viswanathan always tried to instill good values, a strong work ethic and confidence in their two children, Nikil and Tara. That year, with Nikil and Tara still in grade school, the couple launched a tech consulting business. They were inspired by the stories of Silicon Valley, with founders building successful tech businesses from scratch to take advantage of the late-1990s internet boom. Usha Viswanathan

Persons: Usha, Balu Viswanathan, Balu, Usha Viswanathan, Tara, Nikil, Viswanathan, We'd Organizations: Rupa Health, SEC, CNBC, U.S . Bureau of Labor Statistics, Starnik Systems, U.S . Air Force Locations: Tara, Lubbock , Texas, Lubbock, Silicon Valley, India

☆ 401(k) Hardship Withdrawals Tick Up as Inflation Stays High
▼ + stars: | 2023-05-27 | by ( Martha C. White | ) www.nytimes.com time to read: +2 min

As much as his retirement accounts have functioned as circuit breakers to reset his debts, he’s relieved that he doesn’t have the option of withdrawing his pension contributions. Two large retirement plan administrators, Fidelity and Vanguard, have observed increases in hardship withdrawals, which may be taken only if there is “an immediate and heavy financial need,” according to the Internal Revenue Service. Fidelity found that 2.4 percent of 22 million people with retirement accounts in its system took hardship withdrawals in the final quarter of 2022, up half a percentage point from a year earlier. A similar analysis by Vanguard found that 2.8 percent of five million people with retirement accounts made a hardship withdrawal last year, up from 2.1 percent a year earlier. In the first three months of 2023, Bank of America found that the number of people taking hardship withdrawals jumped 33 percent from the same period a year earlier, with workers taking out an average of $5,100 each.

☆ Strikes, Delays and Lost Luggage: How to Survive Air Travel This Summer
▼ + stars: | 2023-05-25 | by ( Elaine Glusac | The New York Times | ) www.nytimes.com time to read: +27 min

Illustration by Yukai Du Strikes, Delays and Lost Luggage: How to Survive Air Travel This Summer With the travel season in full swing, we compiled a guide to help you navigate the year’s most hectic time in the skies. If you don’t care which beach, shop around.” If you haven’t booked summer flights, do it now. For one, avoiding the airports with the highest levels of delays and cancellations last summer may be a good idea. They’re also getting longer inside airport lounges, longtime havens from the masses clogging the terminals at peak times. Standard membership in Priority Pass, a network of 1,300 airport lounges, starts at $99 a year, with each visit costing $35 at that level.

Persons: Yukai Du, we’ve, haven’t, Hopper, What’s, ”, Laura Lindsay, Ted Rossman, Priceline, Mr, Rossman, Charlotte Douglas, Toronto Pearson, it’s, “, Carter Langston, Rhonda Lawson, C.B.P, you’ve, you’re, You’ll, Lawson, Emmanuel Macron, Tomasz Pawliszyn, Jamie Larounis, Larounis, they’re, SITA —, They’re, Eric Goldmann of Atlanta Organizations: Bureau of Labor Statistics, Google, Miami, JetBlue, Heathrow Airport, Amsterdam Schiphol, Gatwick, Air Canada, Labor, Newark Liberty International, La Guardia Airport, Kennedy Airport, Reagan, Miami International, Orlando International, Boston Logan International, Charlotte Douglas International, Toronto Pearson, Federal Aviation Administration, Washington , D.C, Customs, Western, Gulf, Phoenix, Transportation Security Administration, Global, Border Protection, Clear, PreCheck, Heathrow, Air, SNCF, U.S . State Department, Smart, Union, Travelers, New Tech, Airlines, Lufthansa, Siemens, Alaska Airlines, KLM, U.S . Bureau of Transportation Statistics, Apple, The Department of Transportation, American, Venture, Dallas Fort Worth International, JPMorgan Chase, Club, Chase Sapphire Reserve, Americas Locations: Europe, United States, Asia, San Francisco, Jacksonville, Fla, Miami, London, Amsterdam, U.S, La, New York, Washington, Charlotte, N.C, Newark, Orlando, Toronto, Sydney, Jakarta, Frankfurt, Munich, Heathrow, Washington ,, States, Denver, Seattle, Reno, Nev, Gulf Coast, Atlantic, Houston , New Orleans, Atlanta, Luton, T.S.A, ’, noncitizens, France, Britain, Italy, Germany, Berlin, Dutch, Swiss, Delta, United, Hong Kong, Dallas, Boston, North, Central, South America, Dallas , Newark

☆ House swaps and dog walks: Travelers find cheaper alternatives to lodging
▼ + stars: | 2023-05-22 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +4 min

About one night in a hotel, along with the time she spent walking dogs, watering plants and changing litter boxes. Some are taking road trips instead of flying or booking a budget hotel room. Travelers in March booked 21 million short-term rental nights, the highest number of future nights booked on record, according to AirDNA. MORE TRAVELERS ON A BUDGETU.S. travel companies have taken notice, beefing up economy-level options to draw in growing numbers of cost-conscious travelers. Hotel operator Hilton (HLT.N) in January announced a new economy hotel brand, Spark, aimed at budget travelers and told investors in April it was working on a lower-end extended stay brand.

☆ Philippines: Inferno tears through Manila's historic Central Post Office
▼ + stars: | 2023-05-21 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +1 min

Hong Kong CNN —A massive fire broke out at the historic Manila Central Post Office in the Philippine capital late Sunday, with teams of fire fighters battling for more than seven hours through the night before it was finally brought under control. The building sits within the historic old Manila town near other tourist landmarks along the Pasig River that flows through the capital. The post office was first built in 1926 and designed by Filipino architects Juan M. Arellano and Tomás Mapúa. Bureau of Fire Protection (BFP)/FacebookIt was declared an “important cultural property” in 2018, meaning the country’s oldest post office was of “exceptional cultural, artistic, and historical significance to the Philippines,” according to CNN affiliate CNN Philippines. Mark Laurente, chief of staff of the postmaster general, said that national identification cards were spared from the fire as those were stored in another city, CNN Philippines reported Monday morning.

☆ 6 of the best side hustles for college students—some pay over $30 per hour
▼ + stars: | 2023-05-20 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +4 min

For college students looking to earn extra money — perhaps to offset rising costs during their undergraduate years — side hustles can provide an added source of income. College students, specifically, are turning to side hustles due to their general flexibility, M'Chelle Ryan, director of Upwork Academy, tells CNBC Make It. Ryan and Frana both shared their thoughts on the best side hustles for current college students. This side hustle option could be a fit for college students pursuing degrees in communications, English or journalism. Virtual assistant salaries vary, but the position is remote and may allow college students to work while enrolled in classes.

☆ Jim Cramer: An economic wave is about to hit that will be fantastic for investors
▼ + stars: | 2023-05-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

Ultimately, I have gotten to know my way around the CPI and it's a sloppy way to figure out pricing. Don't be frightened of the wave of deflation or misinterpret it as anything but fantastic for investors. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ CEOs thought the return to office debate was over. It looks like they were wrong
▼ + stars: | 2023-05-13 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

Other companies, too, could see reverberations if they enact similar policies, especially if the mandates feel arbitrary, human resources professionals say. That's why companies that want to bring workers back to the office need to focus on reconfiguring workspaces to foster additional collaboration. If your company hasn't yet, maybe don't 'mandate'Many companies are still ironing out their return-to-office policies. JustAnswer, an online source for professional information, has seen a 49% increase in questions related to return-to-office mandates and/or policies in its Employment Law category compared with May 2022. Companies should also evaluate whether across-the-board policies make sense, or whether in-office mandates should be implemented for certain functions only, Kogut said.

☆ AI offers leisure, if not happiness
▼ + stars: | 2023-05-12 | by ( Robert Cyran | ) www.reuters.com time to read: +5 min

The hours consumed by housework and employed jobs, however, fell by 3.8 hours per day on average, leaving more time for leisure. The loss of manufacturing jobs induced decades of pain on the U.S. Midwest, as it took workers time to find, or retrain for, service jobs. AI might erode the accomplishment people feel from work, or devalue leisure time because people will have too much of it. Past economic shifts have led to increased economic inequality. But all this leisure will leave people with lots of time to argue about what level is optimal.

☆ A retirement-savings gap may cost the economy $1.3 trillion by 2040. How state-run programs can fix it
▼ + stars: | 2023-05-12 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Many Americans aren't saving enough for retirement — and the shortfall could pressure state and federal budgets in the decades ahead. But research shows that state-run programs could help people save for retirement while reducing that strain. Without changes, the retirement-savings gap could create a $1.3 trillion economic burden through 2040, with increased public assistance costs, lower tax revenue and more, according to a study released Thursday by the Pew Charitable Trusts. If the current trends continue, 61% of elderly households are expected to have an annual income below $75,000 in 2040, and the yearly income shortfall is projected to be $7,050 by the same year. Roughly half of working households may struggle to maintain their pre-retirement standard of living in their golden years, the Center for Retirement Research at Boston College reported this week.

☆ Travel costs fell in April's inflation reading. The dip may be short-lived, experts warn
▼ + stars: | 2023-05-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Typical trip costs increased by 9% in the first quarter of 2023, according to the NerdWallet Travel Price Index, which includes prices for flights, hotels, car rentals and dining out. When expressed in dollar terms, travelers would have paid an extra $180 per person for a $2,000 trip, NerdWallet found. "As has been the case ever since the onset of the pandemic, travel prices have been volatile," said Sally French, a travel expert at NerdWallet. "I think you're going to enjoy it a little bit more," Griscavage said of off-season travel to popular cities. Use your rewardsMany people built up frequent flier miles during the pandemic by using their credit cards that carry travel rewards benefits, Josephs said.

☆ Your credit card debt is probably about to get more expensive—here’s why
▼ + stars: | 2023-05-11 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

The Federal Reserve's latest interest rate hike means your credit card debt will likely get more expensive to pay off if you carry a balance month to month. However, it's rare that you'll receive a credit card with that interest rate. Typically, credit card interest rates are much higher to account for the costs incurred by the card issuer and the risk of some cardholders not paying back their debt, Rossman says. Currently, the average credit card annual percentage rate (APR) is about 22% for new offers and 20% for existing accounts, according to WalletHub's "Credit Card Landscape Report." Tips for tackling credit card debt

☆ Here's the best time to redeem Series I bonds to maximize your interest
▼ + stars: | 2023-05-10 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Meanwhile, annual inflation rose to 4.9% in April, the smallest jump in two years, the U.S. Bureau of Labor Statistics announced Wednesday. But after a series of interest rate hikes from the Federal Reserve, alternatives like Treasury bills, certificates of deposit or money market accounts have emerged as competitive options for cash. "You lose that last three months of interest," said Ken Tumin, founder and editor of DepositAccounts.com. watch nowIf you're selling I bonds within five years, it's easy to get confused by how much interest you're giving up. (You can find the rate by purchase date here and rate change by purchase month here.)

☆ Use of small-dollar loans is up as inflation, credit crunch stretch wallets
▼ + stars: | 2023-05-10 | by ( Ian Thomas | ) www.cnbc.com time to read: +1 min

While the inflation trend took a welcome turn in the latest data, many shoppers are still dealing with historically high prices and sticker shock across the economy. The consumer price index, a key barometer of inflation, increased 4.9% in April compared to last year, marking the smallest annual reading in two years, according to the U.S. Bureau of Labor Statistics. Those challenges are leading many consumers to turn to alternative ways to access needed capital, especially consumers that historically have been underserved by the traditional banking system. Helping this underserved consumer segment was the impetus of SoLo Funds, which ranked No. The fintech firm acts as a peer-to-peer lending platform, letting would-be borrowers create a loan request and the terms, and put it on a marketplace where other individuals can fund those loans directly.

☆ Two Creative Directors on Sports, Hip-Hop and Faith
▼ + stars: | 2023-05-08 | by ( Justin Baek | ) www.nytimes.com time to read: +2 min

Everybody has a story, and you can tell it through A.I., pictures, music, all the creative elements. It came, and though it’s not gone, the whole time, I was like, I’m still going to go with touchable, feel-able art. A lot of things are happening through technology, and a lot of things are going to happen, but I don’t know anything that is bigger than the Mona Lisa. No matter what happens in technology, the root of creativity will always be around. It’s the reason we still hear Fleetwood Mac and Marvin Gaye songs in the same rotation that you hear Drake.

☆ Unemployment rate sinks in April for Black and Hispanic workers, but holds steady for Asians
▼ + stars: | 2023-05-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

The unemployment rate slipped for Black and Hispanic workers in April, but it remained stable for Asian workers. The U.S. unemployment rate inched down to 3.4% last month, according to the U.S. Bureau of Labor Statistics. Unemployment dipped sharply for Black workers, declining to 4.7% in April from 5% in the previous month. For Asians, the unemployment rate held steady at 2.8%, the same as it was in March. With the overall unemployment rate under 4%, the difference in rates between racial demographic groups is also narrowing, she added.

☆ Top US CEO pay rose 7.7% last year, outpacing inflation, study finds
▼ + stars: | 2023-05-03 | by ( Ross Kerber | ) www.reuters.com time to read: +3 min

May 3 (Reuters) - Median pay for top U.S. CEOs rose 7.7% last year to a record $22.3 million, a new study found, as big stock awards helped the group stay ahead of inflation while U.S. workers' pay fell behind. Pay among the CEOs rose faster than for U.S. workers in 2022 despite tight labor markets. Total return for the companies whose CEO pay was studied was negative 11%. He added that amid the macroeconomic uncertainty, "There's still a little more of this incentivizing of executives that's leading to the increases in CEO pay." "Our CEO’s compensation is and will continue to be 100% performance based," the spokesperson said.

In its continued battle with inflation, the central bank on Wednesday announced another quarter percentage point interest rate increase. The latest rate increase comes after annual inflation eased to 5% in March, down from 6% in February, according to the U.S. Bureau of Labor Statistics. When building a bond portfolio, advisors consider so-called duration, which measures a bond's sensitivity to interest rate changes. I don't see us moving much higher from an interest rate perspective, so that should be good for bonds moving forward. But it may take another six months to see the results from the Fed's series of interest rate hikes, he said.

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