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Monthly Archives: November 2023

How tipping came to the U.S.

With so many industries now building tipping into people’s tabs, it can be overwhelming to know when you’re supposed to leave a little extra and how much. The practice has brought on phenomena like guilt tipping, or the pressure to tip whenever presented the option, and tipflation, or customers seemingly …

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Coinbase jumps in November as FTX, Binance founders brace for prison

Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S. Carlos Jasso | Bloomberg | Getty Images In a month that saw two of the crypto industry’s leading figures headed on the path …

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Return to office is dead, Stanford economist says. Here’s why

Morsa Images | Digitalvision | Getty Images The share of workers being called back to the office has flatlined, suggesting the pandemic-era phenomenon of widespread remote work has become a permanent fixture of the U.S. labor market, economists said. “Return to the office is dead,” Nick Bloom, an economics professor …

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How Vita Coco founder took on Coca-Cola, built billion-dollar company

This story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them to make the leap into the unknown. Michael Kirban spent five years of his life painstakingly building his business from …

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Cathie Wood’s flagship ETF is up 30%, on pace for best month ever

Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange on Feb. 27, 2023. Brendan McDermid | Reuters Cathie Wood is about to notch her best month ever as her holdings of innovative technology stocks roared back from steep …

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Don’t make these common 401(k) plan mistakes

A higher cost of living and growing savings shortfall has many Americans worried about their retirement security. Those financial strains also make it harder for many workers to fund a retirement account.  To that point, 41% don’t contribute any money at all to a 401(k) or employer-sponsored plan, according to …

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Disney CEO Bob Iger says movies have been too focused on messaging

NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City.  Michael M. Santiago | Getty Images Disney Chief Executive Officer Bob Iger said Wednesday he will no longer tolerate …

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What IBM retirement match change means for workers

Pedestrians walk in front of the IBM building in New York. Scott Mlyn | CNBC IBM, which decades ago helped lead the shift from defined benefit plans to defined contribution plans, recently told U.S. employees it will be scrapping its 401(k) match in favor of funding what it calls a …

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Inheritance brings more wealth to billionaires than entrepreneurship

Super yacht moored at South Dock, at the heart of Canary Wharf financial district on 7th February 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images A new wave of billionaires acquired more wealth through inheritance than entrepreneurship during the last year as a “great wealth …

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Nashville real estate boom sends prices up, builders scrambling

Detached houses on a large housing development on the western side of Nashville, Tennessee. Georgeclerk | Istock | Getty Images Nashville natives say they barely recognize the city’s skyline anymore, and they probably won’t anytime soon, as cranes still litter the picture. The Nashville building boom is in full effect …

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