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☆ The job market is reaching a turning point that will usher even steeper Fed rate cuts, top economist says
▼ + stars: | 2024-09-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The job market is about to see a big shift that could bring faster Fed rate cuts, David Rosenberg said. That will emphasize the need for faster Fed rate cuts, he said in a note to clients. The ratio of the vacancy rate to the unemployment rate has tumbled in recent months. It's the unemployment rate that's moving up (+0.5 percentage points this year alone), while the vacancy rate has stabilized." "As the labor market eases, we'll see more modest changes in the vacancy rate and larger changes in the unemployment rate.

Persons: David Rosenberg, —, Rosenberg, we've, Powell Organizations: Service, Rosenberg Research, Bureau of Labor Statistics, Fed, Atlanta

☆ I left Goldman Sachs to plan weddings for the ultra-rich. I do 4 key things to keep my clients — and their families — happy.
▼ + stars: | 2024-09-27 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +6 min

Lelian Chew is the founder of The Atelier & Co, a Singapore-based luxury wedding planning company. I spent a decade at Goldman Sachs, working in Singapore and Hong Kong managing key relationships by flying to a different Chinese city each day. English wasn't his first language, so he misunderstood and thought I was starting a wedding planning business. He immediately asked me to help plan his son's wedding, insisting I take a look since I knew the family well. Many of our elder clients want to see their grandchildren uphold customs they cherish, like family crests and cultural elements.

Persons: Chew, Chew doesn't, —, Lelian Chew, Goldman Sachs, I, Lelian, it's Organizations: Service Locations: Singapore, Hong Kong, Indonesia, Maldives

☆ Survey: 73% of Amazon workers are considering quitting after 5-day in-office mandate
▼ + stars: | 2024-09-26 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Amazon workers have until January before they'll be expected in corporate offices five days a week, but some aren't expecting to stick around that long. In a recent survey of 2,585 Amazon employees on anonymous job review site Blind, 73% said they are considering looking for a new job following CEO Andy Jassy's recent memo announcing a full-time return-to-office. Further, 80% of the Amazon professionals polled reported that they know of a colleague considering looking for another job because of the announcement. Another survey from Glassdoor finds that 74% of Amazon workers are "rethinking" the future of their careers, whether at the tech giant or elsewhere. Amazon workers are "strongly dissatisfied" with the policy change, according to an anonymous survey created by employees, reported by Fortune.

Persons: they'll, Andy Jassy's, Jassy, we've Organizations: Slack, Amazon, CNBC

☆ Microsoft just punted on a big AI decision. It could be a bad sign.
▼ + stars: | 2024-09-26 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +5 min

Read previewMicrosoft has pressed pause on a major AI overhaul of its popular 365 software suite, according to people familiar with the matter. CEO Satya Nadella and his senior leadership team held executive reviews this summer to consider options that included repackaging new AI features into existing licenses or creating a more expensive bundle with AI capabilities. Other changes Microsoft is considering for its 365 software bundles is a new suite just for security features, the people also said. In recent months, some customers and investors have begun to question the value of generative AI technology, including Microsoft's Copilot AI assistant tool. That's in addition to the monthly cost of Microsoft's 365 software bundles.

Persons: —, Satya Nadella, OpenAI's, It's, Judson Althoff Organizations: Service, Business, Microsoft, Chief, Vodafone, Amgen, Microsoft's Productivity, Processes

☆ Podcast: How pro video gaming, or esports, is taking off with big dollars behind it
▼ + stars: | 2024-09-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +25 min

Finally, and most importantly, for the subject for this week's podcast, he's the Esports World Cup CEO. So if I would have any idea, any understanding on video games, right, I would watch that too. There's always a clear qualifying way to go to the Esports World Cup, right? I mean, in stadiums, security is being paid by the state for big competition, like a World Cup, right? Arjun KharpalAnd Ralf are you likely to keep the Esports World Cup in Saudi if you renew this next year?

Persons: Ralf Reichert, CNBC's, Tom Chitty, Reichert, Paris, Ralf Reichart, you've, it's, Arjun Kharpal Ralf, I've, I'd, There's, Arjun Kharpal, we're, haven't, Ralf Reichart It's, what's, Tom Chitty Ralf, What's, I'm, esports, we've, We've, Ralf, Ralf Reichart I'd, that's, Arjun, Tom, we'll Organizations: Sports League Gaming, MLS, Premier League, esports, Saudi Locations: esports, Riyadh, Saudi, German, Gothenburg, Sweden, Bangladesh, China, East, Africa, Saudi Arabia

☆ Universal basic income pros and cons —according to experts
▼ + stars: | 2024-09-26 | by ( Allie Kelly | ) www.businessinsider.com time to read: +13 min

BI broke down the pros, cons, and frequently asked questions about basic income. Universal basic income and guaranteed basic income could fill gaps in the existing US social safety net, experts said. A benefit of basic income is the element of choice, according to Shafeka Hashash, associate director of guaranteed income at the Economic Security Project. Private donors often fully or partially fund basic income programs, lessening the cost burden on local governments. US states with active basic income programs include California, Illinois, Colorado, New York, Georgia, Louisiana, and more.

Persons: —, Melvin Carter, Paul, Shafeka Hashash, Hashash, It's, John Gillette, Oscar Wong, UBI, Andrew Yang, Howlette, hasn't, Michael Tubbs, Allan Baxter, What's, Sam Altman, Elon Musk Organizations: Service, Business, St, SDI, SNAP, Economic Security, Arizona, Rep, American, Orleans Mayor's, Youth, University of British Columbia, Alaska Permanent Fund, Tech Locations: Valley, America, Los Angeles and Illinois, Texas, Missouri, Arizona , Iowa, South Dakota, Orleans, Denver, Atlanta, Alaska, California , Illinois, Colorado , New York , Georgia, Louisiana, Canada, Brazil, China, Germany, India, Iran, Ireland, California, New Mexico, Oregon

☆ Stock market today: Indexes trade mixed as record-setting rally wavers ahead of more data, Fedspeak
▼ + stars: | 2024-09-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The rally in US stocks took a breather on Wednesday as traders looked ahead to coming economic data. Major indexes wobbled and bond yields were slightly higher. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Major stock averages pulled back slightly after notching a series of record-highs since last week's rate cut, while bond yields edged up slightly. "Traders will be curious to hear more thoughts on the rate cut and any guidance on further monetary policy easing."

Persons: —, Powell, Hogan, Riley Wealth Organizations: Service, Federal Reserve, Treasury, Fed, US Treasury Market Conference, Federal

☆ Stock market today: Dow, S&P 500 drop as rally loses steam ahead of fresh economic data
▼ + stars: | 2024-09-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Markets are bracing for the latest GDP revision, jobless claims, and PCE inflation data in the coming days. Traders are still pricing in considerable rate cuts well into next year, per the CME FedWatch tool. AdvertisementUS stocks were mostly lower on Wednesday, ending a record-setting streak of gains as traders looked ahead to coming economic data. The Dow Jones Industrial Average fell nearly 300 points and the S&P 500 slipped from record highs, ending the day about 0.2% lower. Traders are still expecting steep rate cuts over the course of the next year.

Persons: —, Scott Wren, Wells Organizations: Traders, Service, Dow Jones, Nasdaq, Treasury, US, Micron Technologies, Micron Locations: Wells Fargo, East, Ukraine

☆ Arrowheads shed light on who fought in Europe’s oldest known battle
▼ + stars: | 2024-09-23 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

Inselmann collected literature, data and examples of more than 4,700 Bronze Age arrowheads from Central Europe and mapped out where they came from to compare them with the Tollense Valley arrowheads. Otherwise, they would expect to find evidence of arrowheads within ceremonial burials in the region that were practiced during the Bronze Age. “This new information has considerably changed the image of the Bronze Age, which was not as peaceful as believed before,” Terberger said. I consider the conflict as a sign that this major transformation process of Bronze Age society was accompanied by violent conflicts. Ute BrinkerThe scale of conflictThe large scale of battle has researchers rethinking what social organization and warfare were like during the Bronze Age.

Persons: ’ ”, Leif Inselmann, “, Inselmann, ” Inselmann, Thomas Terberger, haven’t, Barry Molloy, Molloy, ” Molloy, ” Terberger, ”, Ute Brinker, —, ’ Organizations: CNN, Berlin Graduate School of Ancient Studies, Free University of Berlin, Germany’s University of Göttingen, University College Dublin, ” Locations: Germany, Europe, Central Europe, Mecklenburg, Pomerania, Bavaria, Moravia, Tollense

☆ As threats grow, funds for election security see a squeeze
▼ + stars: | 2024-09-21 | by ( Bob Ortega | Anna-Maja Rappard | ) edition.cnn.com time to read: +17 min

That’s why Maricopa County has spent over $864,000 in federal funds and more than $3 million in county funds to bolster its election security and processes over the past four years. Officials readily shared their worries with CNN, citing death threats, harassment, baseless lawsuits, onerous public-records requests and various security threats spurred by false claims about voter fraud. Amid these challenges, budgets for election security have been squeezed in several ways. Thousands of election workers across the country have reported receiving harassing, offensive or hostile communications, including since the 2022 midterms, according to the Department of Justice’s Election Threats Task Force. As recently as Tuesday, Trump threatened to prosecute and imprison election officials if he wins in November, as he cast doubt on the integrity of the upcoming election.

Persons: ”, Bill Gates, MAGA, Donald Trump’s, —, Ben Hovland, ” Hovland, ” Ben Hovland, Patrick Semansky, Hovland, Joe Biden, Biden, Sen, James Lankford, “, Louisiana hasn’t, they’ll, Colorado —, CNN they’ve, “ We’re, they’ve, John Michael Catalano, Elijah Nouvelage, Isaac Cramer, Katharine Clark, we’re, Cramer, Mark Zuckerberg, Priscilla Chan, Zuckerberg, Trump, Chan, George Christenson, Republicans don’t, Jim Jordan of, Alex Jones swooped, Kelli Ward, Rudy Giuliani, Mark Meadows, Jenna Ellis, Kari Lake, She’s, Stephen Richer, Michael Chow, who’ve, Judge Scott Blaney, denialism, Kamala Harris, Arizona’s, Jeff Woolf, ” Woolf Organizations: Phoenix CNN, county’s, Supervisors, CNN, “, U.S, Election, Commission, National Association of, State, Help, Congress, FBI, US Postal Service, Tech, Civil, Center, Election Innovation, Research, Department, Force, South Carolina, South, Charleston County, Facebook, Democratic, Biden, Trump, FEC, GOP, Republicans, Democrats, Arizona Senate Republican, USA, Network, Arizona Superior Court, Republican Locations: Maricopa, Maricopa County, Washington, California , Georgia, Nevada , Oregon , Texas, Arizona , Georgia, North Carolina, Takoma Park , Maryland, Oklahoma, “ Louisiana, Nevada, Michigan, Louisiana, Delaware, Virginia, Colorado, Arizona, Georgia, Oregon, South, South Carolina, Fulton County, Atlanta, Charleston, Santa Fe , New Mexico, Pennsylvania, In Wisconsin, Milwaukee County, Wisconsin, Jim Jordan of Ohio, China, Republic

☆ AI could be a 'stumbling block' for Apple in China, analyst says
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI could be a 'stumbling block' for Apple in China, analyst saysBen Wood, chief analyst at CCS Insight, weighs in on Apple's challenges in China.

Persons: Ben Wood Organizations: Apple, CCS Insight Locations: China

☆ John Banuelos: What to know about the Jan. 6 shooter arrested three years later
▼ + stars: | 2024-09-20 | by ( Thomas Lake | ) edition.cnn.com time to read: +33 min

He was still at large in July 2021, when he took part in a fight in Salt Lake City that left another man dead. He’d been living in a park in downtown Salt Lake City, and he’d decided to cook for his hungry new friends. The Salt Lake City Police Department also declined, even though its investigation into Senn’s death was complete. In recent years he appeared to split his time between Chicago and Salt Lake City. Mark Peterson/ReduxReturning to Salt Lake City by unknown methods, Banuelos resumed his frequent appearances in local police reports.

Persons: John Banuelos, ” “, ” — Derrick Evans, Banuelos, Christopher Senn, Victoria Thomas, “ Chris, ”, John, he’s, he’d, Chris Senn, John Banuelos Long, Chris, Chris ’, Gabe Hamilton, Thomas, Taylorsville, ” Christopher Senn, Victoria Thomas Chris, they’re, Randall, Talisha, Toro, “, ” Victoria, …, vaping, ” Banuelos, Michael Lawlor, George Floyd, Trump’s, I’m, Donald Trump, Mark Peterson, ‘ He’ll, ’, Senn, ‘ I’m, FBI hasn’t, John Banuelos “, Steven Parisot, Det, Weldon Wilson, ” Parisot, ” Wilson, Banuelos wasn’t, Sim Gill, … He’s, Gill, Rick Bowmer, ” Gill, that’s, “ Banuelos, Gary Wickersham, Rebecca Lavrenz, Grandma, Lavrenz, —, Derrick Evans, who’d, Evans, Will Price, ” Evans, “ …, hadn’t, Tanya Chutkan, Chutkan, Judge Chutkan, Trump, He’d, ” Chutkan, “ I’ve, Lawlor, ” Lawlor, ” Victoria Thomas, Victoria, Christopher Senn's, Victoria Thomas “, — Victoria Thomas, ” Randall Organizations: CNN, Capitol, FBI, Banuelos, Chicago Police Department, Independence, Salt Lake City —, U.S, Attorney’s, District of Columbia, Salt Lake City Police Department, DC, Federal Bureau of Prisons, Salt Lake City . Chicago Police Department, Police, U.S . Capitol, TRUMP, Trump, Salt Lake City, National Threat Operations Center, Vice News, Liberty, ” Police, KUTV, KSL, NBC, Army, Congress, West Virginia House, West, West Virginia Legislative, Justice Department Locations: Salt Lake City, Senn, Illinois, Liberty, Utah, Randall’s, Victoria, Salt Lake, Chicago, Burger, Washington, Banuelos, Salt Lake County, Colorado, West Virginia, ”, Salt, Valley, Provo , Utah

☆ Why Eli Lilly and Palo Alto Networks are both up on news from their competitors
▼ + stars: | 2024-09-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Recall, that we initially had a view that competitors like Club name Palo Alto Networks would take advantage of this event to pitch their products. Sure the quarter was good because Palo Alto has a great product and value proposition, but it didn't suggest a massive departure from CrowdStrike. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dow, It's, Eli Lilly, LLY's, Eli Lilly's, isn't, Jim Cramer's, Jim Organizations: CNBC, ., Novo Nordisk, Deutsche Bank, Palo Alto Networks, Palo Alto, Palo, KB, Micron, Jefferies, Costco, Jim Cramer's Charitable Locations: Palo

☆ How to take care of leather
▼ + stars: | 2024-09-19 | by ( Bethany Heitman | Bethany Heitman Is A Contributing Editor At Nbc Select. | ) www.nbcnews.com time to read: +9 min

According to textile and cleaning experts we spoke with, taking care of leather goes beyond simply wiping it down occasionally. To help you with your leather pieces, we got advice on how to best care for your leather and insight on what damages it and how to use a leather conditioner. | How to take care of your leather | How to use a leather conditioner | 5 highly rated leather conditioners | Why trust NBC Select? How to take care of your leatherThe good news: Taking care of leather is relatively easy. This non-toxic leather conditioner is free of harsh solvents and silicone and can be used on all leather items.

Persons: ”, Simon Elliott, you’ll, Elliott, Salvador Villarreal, Salvador, Bethany Heitman, TikTok Organizations: NBC, ., Clifton, Salvador Villarreal, Facebook, Twitter Locations: San Diego , California

☆ 'Data quality' issues exist for emerging-market credit, says fixed-income fund manager
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Data quality' issues exist for emerging-market credit, says fixed-income fund managerPaul Benson of Insight Investment, BNY Investments says high-yield debt is an attractive proposition, calling it a "beautifully inefficient market", but is cautious about emerging-market high-yield credit as a fixed-income investment.

Persons: Paul Benson Organizations: Insight Investment, BNY Investments

☆ Gen Zers don't think dating apps are fun anymore, but this CEO thinks she's cracked the code
▼ + stars: | 2024-09-18 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

It puts the success of your dating life in the hands of your friends or family, who create your profile for you. Many Gen Zers have been on social media since they were tweens, and by the time they reached dating age, they were jaded. AdvertisementDating used to be funMany people believe dating apps aren't fun anymore. Related storiesAccording to Statista data, people aged 18-29 now make up only 26% of online dating service users in the US. Wilson believes these founders were wrong because Gen Zers enjoy the "karmic reward" of Wingman.

Persons: —, Tina Wilson, Wilson, Zers, Gen, Anna Pompilio, Marks, that's, Pompilio, Gen Zers, they're, doesn't, Dylan, someone's, There's Organizations: Service, Business, Forbes Health, Group Locations: cafés, Match.com, Cuban

☆ Snap threw shade at Apple and Meta's bulky headsets, but its new Spectacles are cartoonish
▼ + stars: | 2024-09-18 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

At the end of Tuesday's Snap Partner Summit keynote, CEO Evan Spiegel introduced a major upgrade to the company's augmented reality glasses. AdvertisementHe added, "AR glasses have see-through lenses. SnapAlthough Spiegel threw shade at headset rivals, Snap will have a lot to prove in the smart glasses space. The glasses Snap unveiled are cordless, unlike the Vision Pro headset. The Quest 3 completely covers the eyes, but Spiegel said Spectacles have see-through lenses that become tinted in sunlight.

Persons: —, Evan Spiegel, you've, Spiegel, Snap, Leo Gebbie Organizations: Service, Business, Meta, Reality Labs, CCS Insight, CNBC, Vision, VR

☆ OpenAI's power players: Meet the 20 leaders helping shape the future of the AI giant
▼ + stars: | 2024-09-18 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +18 min

Last November, the sudden ouster of CEO Sam Altman and the resulting revolt by most of its employees cast doubts on the future of the world's most prominent AI company. While by no means a comprehensive list, below are some of the key power players who are helping to determine OpenAI's future. He took over for his former boss, Jason Kwon, who has since become the company's chief strategy officer. She's also been referred to as OpenAI's "minister of truth" for her efforts to ensure the company's AI products aren't deceptive or biased. ResearchJakub Pachocki, Chief ScientistRelated storiesPachocki joined OpenAI's research in 2017 after completing a PhD in computer science at Carnegie Mellon University.

Persons: —, Sam Altman, OpenAI, Sarah Friar, Friar, Goldman Sachs, She's, Jason Kwon, Kwon, Anna Makanju, Global Affairs Chris Lehane, Che Cheng, OpenAI's, Cheng, Mira Murati, Murati, Kevin Weil, Weil, Instagram, Peter Welinder, Peter Deng, Research Jakub Pachocki, Pachocki, Ilya Sutkever, Ilya, Mark Chen, Chen, Bob McGrew, Sam Altman's, Lilian Weng, Weng, Aleksandr Madry, Barret Zoph, John Schulman, Zoph, Alec Radford, Radford, Zico Kolter, Kolter, Paul Nakasone, Bret Taylor, Taylor, He's, Larry Summers, Fidji Simo, Melinda Gates, Nicole Seligman, Adam D'Angelo, Quora, Altman, D'Angelo, Andrea Appella, Haidee Schwartz, Schwartz, Akin Gump, She'll, Heather Whitney, Whitney, Morrison Foerster, Makanju, Sam, Biden, Chris Lehane, Lehane, Clinton Organizations: Service, OpenAI, Business, Microsoft, Apple, Google, Khosla Ventures, Global, Global Affairs, Amazon, supercomputing, Tesla, Meta, Twitter, ChatGPT Enterprise, Research, Carnegie Mellon University, MIT, Facebook, Security, Machine Learning Department, Carnegie Mellon Carnegie Mellon, Stanford, CMU, Safety, Security Committee, US Army, NSA, US Cyber Command, Defense Department, U.S, Melinda Gates Foundation, Global Competition, Netflix, Century Fox, Competition, Federal Trade Commission, New York Times, Harvard Law School, University of Chicago Law School, NYU, Canada, Global Policy, Public Affairs, House, Newsweek Locations: Europe, Washington, OpenAI, Silicon, Middle East, Asia, London, Chan, Airbnb

☆ Fans of the Bachelor Could Decide the 2024 Presidential Election
▼ + stars: | 2024-09-18 | by ( Juliana Kaplan | Andy Kiersz | ) www.businessinsider.com time to read: +17 min

Ben Higgins tried to parlay his Bachelor success into a political career, but the campaign didn't last long. The focus on Bachelor Nation also makes sense given the franchise's viewership is dominated by one of the most crucial swing votes of recent elections: white women. In the past two presidential elections, white women were the most closely split demographic subgroup tracked by major exit polls. In 2016, Donald Trump won over 52% of white women against Hillary Clinton's 43%, exit polls found, while Trump bested Joe Biden in 2020 among white women 55% to 44%. The overlap between the swingiest demographic and the "Bachelor" audience suggests Bachelor Nation has value to those who seek to lead our nation.

Persons: Ben Higgins, Charming, Higgins, He's, that's, Acierto, Young Sheldon, Joey Graziadei's, Graziadei, Doug Emhoff, Kamala Harris, Chad Kultgen, Lizzy Pace, Pace, Harris, Kultgen, Joey Graziadei, John Fleenor, Walz, Big, YouGov, Donald Trump, Hillary Clinton's, Trump, Joe Biden, Hulu —, they're, Natasha Scott, Reichel, Rose, Scott, Claire Fallon —, —, Becca Kufrin's, Fallon, Emma Gray, Garrett Yrigoyen, Kufrin, Yrigoyen, — Colton Underwood, — Fallon, Matt James, Rachael Kirkconnell, James ', Chris Harrison, it's, Justine Kay, Charity Lawson —, Joe Biden's, he's, Juliana Kaplan, Andy Kiersz Organizations: Disney, ABC, NFL, Valentine's, White, Daily, Nation, Pew Research, Trump, Hulu, Girls, Bachelor Nation Locations: American, Colorado, America, Atlanta, Quinnipiac, Georgia, North Carolina, Hulu, Washington

☆ Russia goes all-out with covert disinformation aimed at Harris, Microsoft report says
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: +3 min

Immediately after the video was posted on Sept. 2, social media users pointed out reasons to be wary. The caution was warranted, according to a new Microsoft threat intelligence report, which confirms the fabricated tale was disinformation from a Russia-linked troll farm. The report builds on previous concerns the U.S. has had about Russian interference in the upcoming election. Notably, some of the recent examples cited in the Microsoft report received significant social media engagement from unwitting Americans who shared the fake stories with outrage. "As the election approaches, people get more heated," Clint Watts, general manager of the Microsoft Threat Analysis Center said in an interview.

Persons: Kamala Harris, Francisco's, Joe Biden, Harris, Biden, Clint Watts Organizations: Democratic, Kremlin, Microsoft Locations: San Francisco, Russia, Russian, U.S

Savings Accounts and C.D.sWhat’s happening now: The rate reversal is likely to be most disappointing for savers, who have benefited from juicier yields on everything from online savings accounts and certificates of deposit to money market funds. Those are all likely to inch lower, in line with the Fed’s move, but some providers may move faster than others. That usually depends on whether the bank wants to attract new customers by dangling yields that are more attractive than their competitors’ offerings. If you’re considering certificates of deposit, now is probably the time to lock in a decent rate if you haven’t already. Online savings accounts averaged 4.40 percent in August, down from 5.1 percent the same month last year.

Persons: you’ll, Jeff Sommer’s Locations: DepositAccounts.com

☆ Snap unveils latest AR glasses despite ongoing struggles in core ad business
▼ + stars: | 2024-09-17 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Snap on Tuesday announced the fifth generation of its Spectacles augmented reality glasses that can overlay digital graphics onto the physical world. Snap's announcement comes days before rival Meta's Connect event, a conference where Facebook's parent typically unveils its latest hardware. Like Meta, Snap has been trying for years to break into consumer hardware. The previous day Meta reported better-than-expected quarterly results that sent the stock price up 7%. The company has yet to find meaningful success, but Wall Street has afforded Meta patience with Reality Labs because the company's advertising business is thriving.

Persons: Evan Spiegel, OpenAI, Meta's, Leo Gebbie Organizations: Snap Inc, Barker, Tuesday, Meta, Labs, Reality Labs, CCS Insight Locations: Santa Monica , California

☆ Amazon wants fewer managers. A leaked document explains how it plans to meet this goal.
▼ + stars: | 2024-09-16 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAn internal Amazon document explains how the company plans to meet its new goal to have fewer managers. AdvertisementAs we have grown our teams quickly and substantially, we have understandably added a lot of managers. AdvertisementOver the coming months, senior leaders across Amazon will be examining their organizations for opportunities to advance an even more customer-centric team structure that fosters agility and empowers frontline decision making. Related storiesWe expect it will be the opposite — any changes resulting from this should increase managers' and leaders' visibility to their teams' work.

Persons: —, Andy Jassy, We've, we've, It's, orgs Organizations: Service, Amazon, Monday, Business

☆ Amazon employees blast new RTO policy in internal messages: 'Can I negotiate my manager to PIP me?'
▼ + stars: | 2024-09-16 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Read previewSome Amazon employees took to an internal Slack channel to blast the company after it announced plans to require corporate employees to work in the office five days a week. One staffer was so upset they issued a plea to Business Insider, which has covered Amazon's RTO crackdown extensively. Other Amazon workers weighed in, too, on a company Slack channel dedicated to RTO-related topics. Amazon's RTO policy was already strict, but Jassy just doubled down hard on the company's in-office approach. "Can I negotiate my manager to PIP me," one employee wrote in reference to Amazon's famously ruthless performance improvement plan.

Persons: —, Andy Jassy's, Slack, It's, Jassy, Amazon's, Andy Jassy, Jeff Bezos's, Bezos, Ashley Stewart Organizations: Service, Business, Google, Amazon

☆ Meet the Enigmatic Man Who Oversees Larry Page's Google Fortune
▼ + stars: | 2024-09-16 | by ( Hugh Langley | ) www.businessinsider.com time to read: +22 min

His success has also helped fuel a boom in family offices, a financial structure pioneered by J.P. Morgan and popularized by the Rockefellers. Today there are thousands of family offices globally, with the total number tripling between 2019 and 2023, according to the data provider Preqin. To protect Page, Osborne has long remained hidden, the man behind the megabillionaire's curtain. AdvertisementThe small staff at Koop, Page's family office in Palo Alto, are fiercely committed to Page's privacy. Through his investment in Way2B1, Page is seeking to make money by monetizing the techniques he uses to make money.

Persons: Thomas, Larry Page, Wayne Osborne, Osborne, Koop, —, Wayne, Jeffrey Epstein, Gmail, Page, he's, Larry, Morgan, Morgan Stanley, hasn't, Justin Sullivan, hawking, Sergey Brin, George Pavlov, Mark Zuckerberg, Jeff Bezos, Melinda Lewison, Natasha Pearl, Aston Pearl, James Estrin, Helen Frankenthaler, Minerva, Joseph E, Brooks, Taylor, Mortimer Zuckerman, Zuckerman, he'd, who'd, Koop's, Ken Goldman, Eric Schmidt, Hugh Langley, Michael Floyd, Floyd, Page's, Lucy Southworth, Southworth, It's, Way2B1, it's, Gilles Martin, Hal Bailey Organizations: QS, Osborne, J.P, Google, Harvard Business School, Princeton Theological Seminary, Presbyterian Church, New York Times, Minerva, U.S . News, Boston Properties, Shell, CIA, Energy Technologies, Oceankind, Forbes, Business, Fiji Locations: New York, Caribbean, St, Palo Alto , California, Wayne, Mississippi, Connecticut, Silicon Valley, U.S, Silicon, Palo Alto, Koop, Nola, margarita, Way2B1, Fijian, superyachts, New Zealand, Fiji

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