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Ferguson CEO Kevin Murphy goes one-on-one with Jim Cramer
  + stars: | 2024-04-08 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Ferguson CEO Kevin Murphy goes one-on-one with Jim CramerFerguson CEO Kevin Murphy joins 'Mad Money' host Jim Cramer to talk the state of the skilled labor market, its recent stock performance, and more.
Persons: Ferguson, Kevin Murphy, Jim Cramer Ferguson, Jim Cramer
His skills were passed down and cultivated from generation to generation, prompting two of his grandsons to create a construction company in Tennessee, also called McKissack & McKissack. "My father always took us [to] job sites, took us to the office. Today, it brings in between $25 million and $30 million per year, according to documents reviewed by CNBC Make It, and manages $15 billion in projects with offices in Chicago, Dallas, Los Angeles and Baltimore. She applied for jobs as a federal contractor, getting her foot in the door to work on construction projects at the White House and U.S. Treasury building. Deryl McKissack
Persons: Deryl, Abraham Lincoln, Thomas Jefferson, Moses, Cheryl, McKissack, Moses McKissack, we've, they've, Andrea, William DeBerry Organizations: McKissack, D.C, Smithsonian African American Museum of, CNBC, Howard University, Washington Post, White House, . Treasury, Oxford Locations: Washington, Tennessee, New York, Chicago, Dallas, Los Angeles, Baltimore
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In late January, he gifted 2 million Netflix shares worth $1.1 billion to the Silicon Valley Community Foundation. The donation slashed his direct stake in Netflix by about 40% to just under 3 million shares — a position valued at about $1.9 billion. The tech veteran's net worth is still around $6 billion, as he holds 3 million Netflix stock options and has sold about $2 billion worth over the years, per the Bloomberg Billionaires Index. Hastings has also donated vast amounts of money to education providers like charter schools and historically Black colleges and universities (HBCUs).
Persons: , Reed Hastings, Tim Ferriss, I've, Hastings, Warren Buffett, Ferriss, Buffett, priding, Charlie Munger, Hastings —, he's Organizations: Service, Netflix, Business, Berkshire Hathaway, Hastings, Community Foundation, Bloomberg
How India is challenging China as Asia's tech powerhouse
  + stars: | 2024-04-05 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +30 min
New Delhi has sought to woo foreign tech companies and has been increasingly successful, with giants like Apple increasing their presence in the country. Tom Chitty: For years China has been Asia's tech powerhouse where the world's electronics and some of the biggest companies on the planet are located. And I think India is in the very early stages, to put it quite bluntly, of trying to do that. Tom Chitty: India have got an election this year as well, which is going to be interesting to see what happens there. You know, India has aligned itself slightly more to the countries that are currently a bit more anti-China, shall we say?
Persons: Tom Chitty, Arjun Kharpal, It's, Let's, I'm, Arjun, You'll, We're, we've, what's, gunning, Narendra Modi, it's, Tom, Modi, Trump, Apple, COVID, there's, Taiwan's, that's, Karen Tso, China's, Tim Cook, Raghuram Rajan, We've, feasibly, India's, let's, he's, you've, we'll, I've, We'll Organizations: Apple, CNBC, China, India's, Foxconn, Micron, Tata Electronics, Taiwan's Powerchip Semiconductor Manufacturing Corp, Reserve Bank of India, CCP, Samsung, Bain, India, London Locations: China, Tencent, Asia, India, Delhi, Washington, Beijing, American, COVID, U.S, Brazil, Vietnam, Indonesia, Thailand, Taiwan, South Korea, Bangalore, Goa, Kolkata, Mumbai, Europe, Silicon, New York, Germany
Child stars always struggleIt's proven to be challenging for any child star to transition to mainstream entertainment. "Child stars often build a brand around their youthful persona," he said. "Child stars may find themselves typecast into specific roles or genres, making it difficult for the industry and audience to see them in a new light." Advertisement"I feel like a lot of child stars started as a character then they grew into an adult as themselves," she said. "I think she's smart enough, and she will probably realize, OK, I might need to do something creative now," she said.
Persons: , JoJo Siwa, Gene Simmons, Siwa, JoJo, It's, Miley Cyrus, it's, David Olusegun, Danny Moloshok, She's, she's, Katya Varbanova, Varbanova, I've, Cyrus, Hannah Montana, I'm Organizations: Service, Business, Nickelodeon, Disney, Creative Control Ventures, Reuters Siwa, YouTube, Forbes, Olusegun, BI Locations: Siwa
AI is emerging “as a great disruptor in the world of work,” Denis Machuel, chief executive of Adecco Group, said in a statement. Some 46% of executives said they would redeploy employees internally if their jobs were impacted by AI. Responses from more than 800 global companies showed that a quarter of them expected AI to cause job losses, while half thought the technology would create new jobs. The WEF said employers expected most technologies, including AI, to be “a net positive” for jobs over the following five years. Still, that offers little consolation to the workers AI has already helped push out.
Persons: ” Denis Machuel, Goldman Sachs Organizations: London CNN, Adecco Group, Oxford, Adecco, World Locations: Swiss, United States, Canada, Germany, Japan
American chip giant Intel in December 2021 said it will invest more than $7 billion to build a chip packaging and testing factory in Malaysia, with production expected to begin in 2024. Malaysia holds 13% of the global market for chip packaging, assembly and testing services, said the Malaysian Investment Development Authority in a Feb. 18 report. Exports of semiconductor devices and integrated circuits increased by 0.03% to 387.45 billion Malaysian ringgit ($81.4 billion) in 2023, amid global chip demand weakness. Malaysia Semiconductor Industry Association president Datuk Seri Wong Siew Hai said many Chinese firms diversified some of their production to Malaysia, calling the country China's "plus one." In the same month, the world's largest contract chip maker TSMC opened its first Japan factory as it diversifies away from Taiwan amid U.S.-China tensions.
Persons: Faris Hadziq, Kenddrick Chan, Aik Kean Chong, Intel's, Tan, Yinglan Tan, Datuk Seri Wong Siew Hai, Zafrul Aziz, TSMC, Ann Lim Organizations: Getty, Malaysia, LSE, London School of Economics, Political, Semiconductors, Intel, CNBC, Infineon, Ventures Partners, Malaysian Investment Development Authority, Malaysian, Malaysia Semiconductor Industry, U.S ., U.S, China -, Partnership Locations: KUALA LUMPUR, MALAYSIA, Malaysia, Kuala Lumpur, South, East Asia, China, U.S, American, Penang, Another U.S, Singapore, Europe, Kong, GlobalFoundries Singapore, Klang, India, Japan, Taiwan, South Korea, Washington, Asia, China - U.S
Reports differ on how well Russia is faring in revitalizing its bleeding military after heavy losses in Ukraine. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementRussia has "almost completely" reformed its military capabilities after taking heavy losses in Ukraine, a top US official said on Wednesday. He said Moscow suffered initial setbacks during the Ukraine war but has "retooled and now poses a threat to Ukraine." Related storiesIn the wake of those losses, Russian leader Vladimir Putin has sent his nation's military-industrial complex into overdrive, focusing its economy on producing shells, weapons, and equipment.
Persons: Kurt Campbell, , Campbell, Moscow, It's, Vladimir Putin, ILYA PITALEV, Boris Pistorius, Volodymyr Zelenskyy, Mike Johnson, CNAS Organizations: Service, Center, New, NATO, Russian, SPUTNIK, Getty, German, Royal United Services Institute, Kyiv, US State Department, Business Locations: Russia, Ukraine, New American, Washington, Europe, China, Saint Petersburg, Lithuania, London, Moscow, Russian
More than two-thirds of Hispanic construction workers in America are foreign born. Working without a safety netFor the workers paid to rebuild the bridge, the job will be grueling — and dangerous. CNNWork-related deaths among foreign-born Hispanic or Latino workers rose to their highest level in 2021, according to the most recent Bureau of Labor Statistics data. Fourteen percent of all work-related fatalities in 2021 were foreign-born Hispanic or Latino workers, and most of them worked in construction. The agency’s reports also “consistently show” that Latino and/or immigrant workers are less likely to report employer health and safety violations.
Persons: Francis Scott Key, We’re, It’s, Reinaldo Quintero, , Carlos Hernández, Miguel Luna, Yassir Suazo Sandoval, Jose Mynor Lopez, Dorlian Castillo Cabrera, , Saket Soni, Alejandro Hernandez Fuentes, Soni, ” Quintero, ’ ”, Sean McGarvey, Ligia Guallpa, Quintero, Hurricane Michael, Reinaldo Quintero “, ” Guallpa, Guallpa, Hurricane, Dave Einsel, ” Soni, Ron DeSantis ’, Fort Organizations: New, New York CNN, Bureau of Labor Statistics, CNN, Key, CNN Construction, Resilience Force, Force, of Labor Statistics, New York Committee, Occupational Safety, Health, York, New York State Department of Labor, Workers, North, Unions, Worker’s, Hurricane, Panama City, Safety, Health Administration, Historic New, New York Times, Gov Locations: New York, America, Louisiana, Hurricane, Florida, Mexico, Guatemala, El Salvador, Honduras, United States, New York City, North America’s, Canada, Venezuela, Panama, Baltimore, New Orleans, Texas, North Carolina, Historic New Orleans, Fort Meyers
11 NC State to the Final Four of the 2024 NCAA men’s tournament, beating a host of highly-seeded teams on the way to a semifinal spot. The NC State star grew up around people from different backgrounds, with his grandmother running a foster home and his parents taking in other children from unstable homes. But, with Burns at center and the team’s underdog mentality, they have shocked the college basketball scene. “I was raised in a happy environment,” the NC State told reporters. While becoming an internet sensation throughout March Madness, Burns' competitve nature has helped NC State to some impressive victories.
Persons: DJ Burns Jr, it’s, – Burns, Duke, Burns, Nikola Jokić –, Burns –, ” Jokić, , That’d, ” It’s, Jim Nagy, Peter Schrager, Robert Jennings, Tim Nwachukwu, Burns wasn’t, Takela, , Dwight Sr, ” Burns, ” Takela, Andy Hancock, Marquette, Duke –, Carmen Mandato, “ He’s, Joe Sargent Organizations: CNN, State, NCAA, NFL, Senior Bowl, Fox Sports, Texas Tech Red Raiders, North, York Preparatory Academy, WRAL, NC State, Rock, Rock Hill Herald, University of Tennessee, Winthrop University, Big South, NC, Wolfpack, Texas Tech, Oakland, Duke, CBS Sports, Getty, Devils, Purdue Locations: North America, Hill , South Carolina, South Carolina, York County, Rock Hill, Oakland
Here are nine AI jobs that don't require programming skills, from policy analysts to sales engineers. AI product managerCompanies are looking to hire professionals who can bridge the gap between technical AI development and business acumen. Ideal candidates combine a deep technical understanding with "strong sales and communication" skills to demonstrate value to potential clients. AI business analystCompanies new to AI may wonder just how and where to deploy the technology. AI policy analystExpertise in public policy may help you land a job as an AI policy analyst.
Persons: , they're, J.T, O'Donnell, Alex Libre, Biden Organizations: Service, LinkedIn, Einstellen, Companies, Employees, CIA
There were around 8.8 million job openings in the US in February. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Openings for jobs have dropped from a rate of 6.0% in February 2023 to a rate of 5.3% this past February. Tuesday's news release from the Bureau of Labor Statistics said February job openings "changed little at 8.8 million" since January. Across industries, here are the roles with a multitude of openings, or an urgent need to hire.
Persons: , Nick Bunker Organizations: BI, Service, Bureau of Labor Statistics, Bloomberg, North America, Business
There were about 8.8 million job openings in the US in February. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Openings for jobs have dropped from a rate of 6% in February 2023 to 5.3% this past February. Tuesday's news release from the Bureau of Labor Statistics said February job openings "changed little at 8.8 million" since January.
Persons: , Nick Bunker Organizations: Business, Service, Bureau of Labor Statistics, Bloomberg, North America
Read previewStability AI's former leader Emad Mostaque thinks Elon Musk was right about one thing: being a CEO isn't fun. Mostaque stepped down in March as CEO of Stability AI, the company behind the popular AI image generator Stable Diffusion. When asked about his departure, Mostaque told New York Times reporter Kevin Roose that "being a CEO sucks." The former Stability CEO also said he has Asperger's and ADHD in Reddit threads addressing his tenure as CEO, which he said made the role more difficult for him. Stability AI declined to comment on Mosaque's comments about being a CEO.
Persons: , Emad Mostaque, Elon Musk, Mostaque, Kevin Roose, Elon, Musk, Lex, , Peter Diamandis, it's, Forbes, Jensen Huang, Jensen Organizations: Service, Business, New York Times, Delaware Court, Tesla, Bloomberg, Nvidia, Forbes Locations: Stability
CNN —The version of Easter you’re likely familiar with probably starts with how the Bible tells the story. As I show in my book, “God’s Ghostwriters: Enslaved Christians and the Marking of the Bible,” ancient dictation was bare bones and idiosyncratic. Someone might respond that while enslaved and formerly enslaved secretaries and copyists were present, they were still not authors. What we know is that Paul and Tertius wrote the Letter to the Romans together and that collaboration moves us into the realm of speculation. Saying that Paul “wrote Romans” when Romans itself claims that it was written by Tertius isn’t just speculative, it’s wrong.
Persons: Candida Moss, Edward Cadbury, John, Pontius Pilate, Jesus, Candida Moss Brian McConkey, Pilate, ” Pilate, It’s, Paul, Tertius, , Mark, Peter’s “, Peter, , Roman enslavers, Varro, Martial, Roman, papyrologists Roger Bagnall, Raffaella, Douglas Sacha, , copyists, ” John Calvin, William Barclay, Tertius “, Barclay, Paul “, Tertius isn’t, Lord Jesus Christ, Organizations: University of Birmingham, Notre Dame, CNN, Jewish, “ Institutes Locations: Judea
Inside the AI talent-hiring frenzy
  + stars: | 2024-03-27 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +6 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe fight to hire the best AI talent is heating up as companies large and small compete in the race to create the best products in the booming sector. Last week, Mustafa Suleyman, the cofounder of Google's DeepMind, left his startup Inflection AI to lead tech giant Microsoft's consumer AI division as CEO. "AI talents are some of the most highly compensated in today's job market," Alex Libre, the cofounder and principal recruiter of Einstellen Talent, a service that matches job candidates with generative AI startups, told BI. Related stories"There is undoubtedly a shortage in AI talent," Libre says.
Persons: , Mustafa Suleyman, Google's DeepMind, Aravind Srinivas, pricey, Sam Altman's, OpenAI, Salesforce, J.T, O'Donnell, Alex Libre, He's, They're, Ray, Flavien, Coronini Organizations: Service, Meta, Business, Big Tech, Companies, Tech, Libre, Big, . Workers, Microsoft
The world's governments have agreed they want to triple renewable energy by 2030, a goal laid out at the U.N. climate summit in December. Here are the big hurdles to solar, wind and other renewable energy projects:COSTLY CREDITCentral banks in Europe and the U.S. have raised interest rates to combat inflation. Renewables have much higher up-front costs to build wind farms, solar arrays and more, and that borrowing costs money. Germany's southern region of Bavaria, for example, is known for resisting the noise and appearance of wind turbines in its scenic landscape. Installations have lagged in Bavaria and other regions despite the German government's push for more renewable energy after losing affordable Russian natural gas used to heat homes, generate electricity and power factories.
Persons: Todd Moss Organizations: U.S, Renewables, State Department, Energy, Growth Locations: Europe, Germany's, Bavaria, Ghana, U.S, Washington
Read previewA Roman statue was unearthed during construction on a British parking lot at one of the most expansive and impressive houses of the 16th century. The Roman statue was found during construction on a parking lot at Burghley House, a 16th-century English estateThe head of a Roman statue found at Burghley House. Burghley House said this was a common practice in the 18th century to make artifacts more attractive to aristocrats buying wares abroad. However, Burghley House said it was 'a complete mystery' how the bust and head ended up buried on the groundsRoman statue at Burghley House. A professional conservator cleaned and reassembled the sculpture to its original form, unveiling the striking features of a Roman woman.
Persons: , Greg Crawley, House Crawley, " Crawley, Crawley, Burghley, Brownlow Cecil, Earl of Exeter, Burghley House, It's, Burghley House's Organizations: Service, Burghley House, Business, House, Experts, Burghley, of Burghley, Amineddoleh, Associates, BBC Locations: Peterborough, England, Italy, Burghley, Hell, Texas, Pompejanum, Germany, Bavarian State, British
Americans are getting grayer — and that could be a windfall for senior housing. Both own senior housing properties. In addition, there is a rising need for senior care. "This population of seniors that may need higher quality services and care is significantly greater than the ~3.0% of seniors that are currently living in senior housing facilities," the firm's analysts said. American Healthcare should see the greatest operating upside from senior housing facilities, they said.
Persons: grayer, Morgan Stanley, Sarah Wolfe, Welltower Organizations: Healthcare, National Center for Health Statistics
He runs manufacturing operations at WS Audiology, a global leader in the hearing aid industry. During my recent visit to WSA's regional headquarters in Singapore, I met with Marcin Dabrowski, director of manufacturing. In 2019, he jumped at the opportunity to join hearing aid manufacturing at the WSA Singapore headquarters, where he also relocated with his family. Starting as a senior manager, he quickly rose to a position overseeing manufacturing operations at the Singapore facility, where he manages WSA's global product volume. He's immensely proud of the awareness his work and WSA's mission have brought to the millions of people worldwide facing hearing loss.
Persons: Marcin Dabrowski, Kris LeBoutillier, he's, Dabrowski Organizations: WS Audiology, WSA, WSA Singapore, Changi, ExploreAI, Insider Studios, Singapore Economic Development Board Locations: Poland, Singapore, Asia, Denmark, Germany, Asia Pacific, Philippines
As part of this initiative, the Aerospace Technology Institute program will provide support for R&D projects through 2030. This commitment extends the Aerospace Technology Institute (ATI) program until 2030, which supports mid-stage research and development projects led by industry. Another recipient of the ATI program funding is Vertical Aerospace, the UK's pioneer of electric aviation. Smaller businesses reap the benefits of funding programsA key focus of the program is funding projects by SMEs. The UK's long-term vision for civil aerospace is developed through the Aerospace Growth Partnership (AGP), which is a strategic partnership between the UK government, industry, and academia to secure the future of UK Aerospace.
Persons: Paul Griffiths, Dominic Weeks, ZeroAvia, Stuart Simpson, Simpson, Sylatech, Gordon Gunn, MeltX, Griffiths Organizations: Aerospace Technology Institute, ATI, Aerospace, UK Department for Business, Trade, Dornier, ZeroAvia Investment, Cranfield University, Alloyed, University of Sheffield, Aerospace Growth, UK Aerospace, Farnborough, Manufacturing, Insider Studios, UK's Department for Business Locations: North Yorkshire
At the simplest level, labor productivity is how much output (widgets, meals, spreadsheet computation) one person can complete in an hour. Employers were running around with fishnets trying to find people, and workers used their leverage. By contrast, the late 1990s were a period of higher productivity growth and underestimated growth, starting the year at 2% but ending closer to 4%. But it's probably too soon to be thinking about these factors as the main driver of recent productivity growth. The investment implications of this are clear: Stronger productivity growth implies a higher speed limit for the economy.
Persons: , it's, we'll Organizations: Federal Reserve Bank of San, Labor, P Global, Manufacturing, Capital, Employers, downturns, Professional Locations: Silicon Valley, Federal Reserve Bank of San Francisco
Six years ago, Illinois farmer John Ackerman didn't hire any contract workers at all. He enjoys mentoring young people, but says it's felt harder lately to justify hiring inexperienced workers when contract workers do the same hard, physical jobs faster and better. Climate change affects all farm workers, but advocates and researchers say this is a reason to focus particularly on these workers. The USDA data showed an uptick in the number of farms using migrant labor, both within farms that already hired contract workers and overall. He’s tried reaching out H-2A workers on nearby farms, but says their supervisors won’t let them talk to him.
Persons: John Ackerman didn't, Ackerman, it's, Alexis Guild, Rebecca Young, , Jennifer Vanos, Abigail Kerfoot, Luis Jimenez, farmworkers, Jimenez, He’s, won’t, , Jed Clark, he's, Stephanie McBath, ” McBath, “ it’s, ” Bruce Cline, Scott Kuegel, ” Jimenez, Dorany Pineda, Joshua A, Bickel, Melina Walling Organizations: U.S . Department of Agriculture, Farmworker, Arizona State University, Centro de, Alianza Agrícola, , National Association of State, of Agriculture, Associated Press Locations: Illinois, U.S, New York, North Carolina, Kentucky, Crofton , Kentucky, Owensboro, AP.org
Homebuilder sentiment rose 3 points in March to 51 on the National Association of Home Builders/Wells Fargo Housing Market Index. Sentiment also moved into positive territory for the first time since July. Fifty is the line between positive and negative sentiment. "But even though there is strong pent-up demand, builders continue to face several supply-side challenges, including a scarcity of buildable lots and skilled labor, and new restrictive codes that continue to increase the cost of building homes." Regionally, on a three-month moving average, sentiment rose most in the Midwest and West.
Persons: Carl Harris, Robert Dietz Organizations: National Association of Home Builders, West, Builders, Federal Reserve Locations: Wells Fargo, Wichita , Kansas, Midwest
Originally from Japan, I've lived in a total of six countries. For the past 15 years, I've called Geneva, Switzerland, my home. Geneva is different from anywhere else I've lived, and I've found something that truly works for me. A look inside our Geneva apartmentOne of the first things I noticed about this apartment was its traditional charm and ornately decorated ceilings. Photo: Shizuka McNeillWhile the public school system here is great, kids don't have class on Wednesday afternoons, so childcare can be an expensive scramble.
Persons: I've, we'd, Shizuka McNeill, AVoyage, Pierre Cathedral, d'Eau, Shizuka McNeill Geneva Organizations: United Nations, World Health Organization, Economic Locations: Japan, Geneva, Switzerland, New York, London, Europe, U.S, wardrobes, Lake Geneva, Serene Lake Geneva, United
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