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Showing posts from August, 2021

Republicans' trust in the national media has dropped by 50% since 2016

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U.S. President Donald Trump talks to reporters as he leaves the White House for a trip to Minnesota and Wisconsin August 17, 2020 in Washington, DC. Chip Somodevilla/Getty Images The percentage of Republicans who have trust the national media has dropped by half since 2016. 35% of Republicans and Republican-leaning independents say they have "a lot" or "some" trust in media. Republican trust in the national media has seen a particularly dramatic drop since late 2019. See more stories on Insider's business page . Between 2016 and 2021, the percentage of Republicans who have at least some trust the national media has dropped by half, falling from 70% t0 35%, new Pew polling found. The partisan gap in trust of the press is the widest it has been since Pew began polling the issue shortly before former President Donald Trump took office five years ago. The vast majority - 78% - of Democrats and Democratic-leaning independents say they have "a lot...

US stocks slide from record highs amid concerns around the economic impact of rising COVID-19 cases

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New York Stock Exchange on Nov. 20, 2018. Xinhua/Wang Ying via Getty Images US stocks slipped from record highs as investors grow more concerned about the surge in Delta variant cases. Still, major indexes notched monthly gains, with the S&P 500 up for the seventh consecutive month. "Stocks can't go up forever," a strategist said. "This reinforces our belief that in the event of a well-deserved pullback." Sign up here for our daily newsletter, 10 Things Before the Opening Bell . US stocks slipped from record highs Tuesday as investors grow concerned about the economic impact of rising COVID-19 cases. Consumer confidence data released on Tuesday fell to a six-month low, indicating that Americans have been less inclined to purchase big-ticket items. US consumers however were more willing to spend on travel and hospitality as lockdown restrictions ease. The headline consumer confidence index fell to 113.8, worse than the 123 consensus estimate and d...

Fidelity wants to hire 9,000 employees by the end of this year to meet soaring demand from retail investors

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Customers leave a sales office of Fidelity Investments in Boston, August 27. Fidelity announced that.. Thomson Reuters Fidelity is planning on hiring 9,000 new US employees by the end of the year. The brokerage said 9% of the new jobs will be in technology, with some working on Fidelity's digital asset trading experience. Fidelity added 1.7 million new retail accounts in the most recent quarter. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Fidelity is planning on hiring 9,000 new US employees by the end of the year to to meet its growing customer base amid a boom in retail investing. The brokerage firm said Tuesday that it's hiring across all job functions to meet demand from its 38 million customers. 44% of the new jobs will be in client-facing positions, while 9% will be in technology, helping to create new products like enhancing Fidelity's digital asset trading experience, the company said. The hiring spree comes as no-fee trad...

Paris set a 19-mph citywide speed limit to try to convince drivers to ditch their cars

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A speed limit road sign is pictured in a street, Monday, Aug. 30, 2021 in Paris as the speed limit on nearly all streets of the French capital is just 30 kph (less than 19 mph). It's the latest initiative by a city trying to burnish its climate credentials and transform people's relationship to their vehicles. City officials say it's also aimed at reducing accidents and making Paris more pedestrian-friendly. (AP Photo/Francois Mori) AP Photo/Francois Mori Authorities in Paris set 19-mph speed limits on nearly all the city's roads on Monday. The measure was taken in an effort to reduce pollution and car usage around the city, CNN reported. Bicycle lanes and sidewalks will also be increased to encourage alternative methods of transit. See more stories on Insider's business page . Authorities in Paris set 19-mph speed limits on nearly all the city's roads in an effort to reduce pollution and improve road safety, CNN reported on Tuesday. The bid to less...

Facebook's largest content moderator has reportedly struggled with the ethics of its work for the company, which requires contractors to sift through violent, graphic content

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Facebook CEO Mark Zuckerberg in Washington, Wednesday, Oct. 23, 2019. Andrew Harnik/AP Accenture insiders have questioned whether it's ethical to do some work for Facebook, per the NYT. Contractors at the firm - Facebook's largest partner - review violent, toxic content on the site. When the CEO brought concerns to other executives, they reportedly said Facebook was too valuable of a client to lose. See more stories on Insider's business page . Insiders at Facebook's largest content moderator have questioned if working for the company is ethical, as criticism of the taxing and violent nature of the job intensifies. In a sweeping investigation published Tuesday, the New York Times spoke to current and former employees at Accenture, Facebook's single biggest partner charged with reviewing toxic material on its platform. Many expressed concern about the work they conducted for Facebook - thousands of contractors across the world are tasked with looking at ...

The Master Your Money Bootcamp will help you make a plan to reach your goals

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Business Insider Kazi Awal/Insider In our first two Master Your Money Bootcamps of the year, we got organized - and then we used that mental space to start dreaming big: If your money could accomplish anything, what would it be? Would it pay off your credit card debt? Take you out to a Michelin-starred dinner? Send you abroad for a week? Finance a wedding your family will be talking about for a decade? Once we knew what we wanted our money to do for us, we started planning : How much will that actually cost? How long exactly will that take to achieve? We identified the obstacles standing in our way, and we got serious about choosing a starting point . Dreaming is the easy part. Now, it's time for action - the hard part. Don't worry! We'll be right there with you, explaining the tools you can choose from and guiding you through picking the right one for your own goals. We'll walk you through opening accounts if you need them, setting up an automated s...

September is historically the worst month of the year for stocks, but recent strength suggests the market could buck the trend

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A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 3, 2020. Andrew Kelly/Reuters September is historically the worst month of the year for returns in the stock market. Since 1928, the month of September has generated an average stock return of -0.1% with a win-ratio of only 46%. But after such a strong start to the year, September market returns could be stronger than consensus. Sign up here for our daily newsletter, 10 Things Before the Opening Bell . September has historically been the worst month of the year in terms of stocks generating returns, but recent strength in the S&P 500 suggests this year may be different. Since 1928, the month of September generated an average stock market return of -0.1%, with a win-ratio of only 46%, according to data from Fundstrat . Even in the last 1o and 20 years, and in post-election years, September was on average a down month for stocks, according to LPL. And last year, eve...