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In the flurry of papers that an employee receives during the onboarding process, there is one clause that could have a significant impact on their future career: the non-compete agreement.
Laredo, Texas, is primed to become one of the world’s most important supply chain hubs as companies around the world reduce their manufacturing reliance on factories in China and shift their production to Mexico.
Everything is more expensive. Overall consumer prices are about 13% higher than they were in April 2021 and Americans are feeling the pain. Inflation, or the rate prices are increasing in the general economy.
The rise in new generative artificial intelligence tools has the potential to rock industries staffed by white collar workers in the coming years.
The trillions in excess personal savings built up in the pandemic are beginning to vanish amid high inflation, according to Federal Reserve economists. The monthly saving rate fell to a 15-year low in 2022.
China has been the most populous country for more than two centuries – until this month. India's population may have surpassed China’s, a milestone that some believe heralds a new global order.
The United States is the only advanced economy that doesn’t guarantee workers paid time off. And nearly half of those who are offered paid vacations don’t take the days, even though roughly 80% of U.S. workers receive some sort of paid time off.
U.S. Customs & Border Protection gave CNBC exclusive access inside one of America’s largest ports where millions of dollars' worth of cargo was being detained while major companies scrambled to prove their supply chains are clean.
Right now, inflation is inescapable. At the grocery store, the gas station, and in almost every country in the world, people are paying more — way more — than they did just a couple of years ago for everything. In this video, we explore three explanation
Large language models are astonishingly good at understanding and producing language. But there’s an often overlooked bias toward languages that are already well-represented on the internet.
The Federal Reserve has a dual mandate to both promote maximum employment and keep prices stable. Yet, the central bank cannot influence employment directly and it is notoriously hard to measure.
When airplanes are retired, many of them end up stripped for parts that are worth millions of dollars. Almost every component from engines to landing gear.
Hands drawn by robots … often just don’t look right. Why is that, and what will it take to get better? Producer Phil Edwards is exploring five different aspects of AI that help explain everything from large language models to unusual training data.
Aircraft close calls have been rising, prompting safety concerns. The FAA has confirmed six serious runway incursions just this year, including one at JFK Airport in New York and another in Austin, Texas.
The collapse of Silicon Valley Bank, Signature Bank and Credit Suisse were a harsh reminder of how quickly a trusted institution could fail, putting billions of dollars at risk. Over 550 banks have collapsed since 2001, according to the FDIC.
Delta Airline’s largest hub is located in Atlanta, Georgia. WSJ visited Delta’s domestic kitchen – one of the largest facilities they own – to see how they make thousands of first-class airline meals on an average day.
Crypto companies have had a rough year. Coming off the collapse of FTX, and now digital asset-focused banks Silvergate and Signature, the once red-hot industry remains in a crypto winter.
Tipping in the United States is on the rise and experts are calling it tipflation. In the fourth quarter of 2022, the number of tips provided at full-service restaurants grew by 17% from the fourth quarter of 2021.
Digital wallets like Apple Pay are continuing to grow in popularity. Banks are worried they’re losing ground to tech companies eager to gain market share in consumer payments.
For the first time in six decades, China’s population is shrinking, and it’s predicted it could create a demographic crisis. That’s because China isn’t just shrinking, it’s also aging.
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“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
Deloitte Global Retail Outlook 2024
After a prolonged period of suppressed consumer spending, macroeconomic and geopolitical uncertainty, and rapid changes in consumer behavior (among other things), the global retail industry stands at a crossroads; forced to make decisions about long term investments in new technology and business models while at the same time managing the rising cost of doing business and a decline in the spending power of consumers. - From Deloitte Insights Read more
The World's Top Flight Routes by Revenue
In 2024, a record 4.7 billion people are projected to travel by air—200 million more than in 2019. While revenues surged to an estimated $896 billion globally last year, airlines face extremely slim margins. On average, they made just $5.44 in net profit per passenger in 2023. Today, the industry faces pressures from high interest rates, supply chain woes, and steep infrastructure costs. - From Visual Capitalist
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
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