New ‘rhino bonds’ to allow investors to help with wildlife conservation

12 October 2018, Berlin: A young black rhino looking at the outside enclosure of the zoo for the first time since birth. Investors will soon be able to buy bonds that aim to increase the population of the endangered black rhino, and reward investors only when the numbers of these animals rise. Black rhino numbers have fallen from 65,000 in the 1970s to about 5,500 presently. Lack of available funding has created barriers to successful attempts of rhino conservation. It covers a total of 700 blac


12 October 2018, Berlin: A young black rhino looking at the outside enclosure of the zoo for the first time since birth. Investors will soon be able to buy bonds that aim to increase the population of the endangered black rhino, and reward investors only when the numbers of these animals rise. Black rhino numbers have fallen from 65,000 in the 1970s to about 5,500 presently. Lack of available funding has created barriers to successful attempts of rhino conservation. It covers a total of 700 blac
New ‘rhino bonds’ to allow investors to help with wildlife conservation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: spriha srivastava
Keywords: news, cnbc, companies, worlds, species, rhino, help, investors, financial, wildlife, rhinos, bonds, conservation, allow, bond, black, rib


New 'rhino bonds' to allow investors to help with wildlife conservation

12 October 2018, Berlin: A young black rhino looking at the outside enclosure of the zoo for the first time since birth.

Investors will soon be able to buy bonds that aim to increase the population of the endangered black rhino, and reward investors only when the numbers of these animals rise.

The $50 million Rhino Impact Bonds (RIB) will be the world’s first financial instrument working toward the conservation of a species at the risk of extinction.

CNBC takes a look at the concept behind an RIB.

Why rhinos?

Black rhino numbers have fallen from 65,000 in the 1970s to about 5,500 presently. The species is said to be extremely vulnerable to extinction in the wild. According to the Zoological Society of London (ZSL), the most critical threat to rhino populations is poaching for the illegal trade in rhino horn products.

Lack of available funding has created barriers to successful attempts of rhino conservation.

“The reality is that biodiversity is in crisis and there just isn’t enough funding to tackle the issue,” Dominic Jermey, the director general of the ZSL, told CNBC via email Thursday.

“Conservationists are battling to fund basic biological management activities, let alone fund critically needed interventions in response to the illegal wildlife trade being perpetrated by criminal syndicates.”

What is an RIB?

It’s a $50 million bond (a fixed-income investment instrument) with a five-year term and is aimed at growing the numbers of African black rhinos across five sites in Kenya and South Africa. It covers a total of 700 black rhinos that form about 12% of the world’s entire black rhino population.

“The Rhino Impact Bond (RIB) is the world’s first financial instrument for species conservation, transferring the risk of funding conservation from donors to impact investors by linking conservation performance to financial performance,” according to Conservation Capital, the company arranging the bond offer.

The bond, expected to launch in the first quarter of 2020, looks to boost the black rhino population by 10% globally.

How will the bond work?

The $50 million bond is based on an “outcome payments” model — a concept where investors receive financial returns only on the successful and measurable completion of the objective.

Investors will pay an upfront cost for buying the bond and they will be paid back their capital and a coupon if the population of African black rhinos increases in five years. The yield on the bond will be subject to the growth of the rhino population.

“On completion of the five-year term, an independent evaluator verifies whether the RIB target has been achieved: the performance relative to the RIB target determines the investors’ return,” according to a statement from Conservation Capital.


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: spriha srivastava
Keywords: news, cnbc, companies, worlds, species, rhino, help, investors, financial, wildlife, rhinos, bonds, conservation, allow, bond, black, rib


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Amazon says this year’s Prime Day surpassed Black Friday and Cyber Monday combined

Amazon said it sold more than 175 million items during this year’s Prime Day shopping event, more than its sales for the past Black Friday and Cyber Monday combined. Last year’s Prime Day only ran for 36 hours. It said it added more new Prime members on July 15 than it ever has before on a single day. “We want to thank Prime members all around the world,” Amazon CEO Jeff Bezos said in a statement. Amazon has recently started rolling out a one-day shipping option across the country for Prime memb


Amazon said it sold more than 175 million items during this year’s Prime Day shopping event, more than its sales for the past Black Friday and Cyber Monday combined. Last year’s Prime Day only ran for 36 hours. It said it added more new Prime members on July 15 than it ever has before on a single day. “We want to thank Prime members all around the world,” Amazon CEO Jeff Bezos said in a statement. Amazon has recently started rolling out a one-day shipping option across the country for Prime memb
Amazon says this year’s Prime Day surpassed Black Friday and Cyber Monday combined Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: lauren thomas
Keywords: news, cnbc, companies, twoday, million, day, combined, amazon, sold, shipping, shopping, prime, event, black, members, cyber, surpassed


Amazon says this year's Prime Day surpassed Black Friday and Cyber Monday combined

Amazon said it sold more than 175 million items during this year’s Prime Day shopping event, more than its sales for the past Black Friday and Cyber Monday combined.

The online retailer, which didn’t disclose an actual sales figure in the press release, called the two-day sale across 18 countries the “largest shopping event in Amazon history.” Last year’s Prime Day only ran for 36 hours.

It also said that on Monday and Tuesday it sold more Amazon devices — like the Echo Dot, the Fire TV Stick and Alexa Voice Remote — over a two-day period than it ever has before.

A “record number” of Prime members in the U.S., which pay an annual fee of $119 to get perks like free shipping and access to Prime Day, shopped the event this year, Amazon said. It said it added more new Prime members on July 15 than it ever has before on a single day. And it said almost as many people signed up again on July 16.

Amazon disclosed for the first time last April that it had more than 100 million paying Prime members worldwide. It hasn’t provided an update to that figure since then.

“We want to thank Prime members all around the world,” Amazon CEO Jeff Bezos said in a statement. “Members purchased millions of Alexa-enabled devices, received tens of millions of dollars in savings by shopping from Whole Foods Market and bought more than $2 billion of products from independent small and medium-sized businesses. Huge thank you to Amazonians everywhere who made this day possible for customers.”

Amazon has recently started rolling out a one-day shipping option across the country for Prime members, and it called this year’s Prime Day “the fastest ever.” Previously, the default shipping option for Prime members was for two days.

Amazon said it sold over 100,000 laptops, 200,000 televisions, 300,000 headphones, 350,000 luxury beauty products and more than 1 million toys on Prime Day this year.

In the U.S., it said top-selling items were the LifeStraw Personal Water Filter, the Instant Pot DUO60 and 23andMe health and ancestry kits.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: lauren thomas
Keywords: news, cnbc, companies, twoday, million, day, combined, amazon, sold, shipping, shopping, prime, event, black, members, cyber, surpassed


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This is how Elizabeth Warren plans to close the pay gap for women of color

She says that “while millions of families count on Latinas and black women to deliver financially, they face a steeper climb to provide that financial security” due to bias and discrimination. On Friday, Democratic presidential candidate Elizabeth Warren released an ambitious plan to close the pay gaps that women of color face at work. Currently, black women, Native American women and Latina women make 61 cents, 58 cents and 53 cents, respectively, compared to white men. “The gap in weekly earni


She says that “while millions of families count on Latinas and black women to deliver financially, they face a steeper climb to provide that financial security” due to bias and discrimination. On Friday, Democratic presidential candidate Elizabeth Warren released an ambitious plan to close the pay gaps that women of color face at work. Currently, black women, Native American women and Latina women make 61 cents, 58 cents and 53 cents, respectively, compared to white men. “The gap in weekly earni
This is how Elizabeth Warren plans to close the pay gap for women of color Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: courtney connley
Keywords: news, cnbc, companies, elizabeth, mothers, gap, plans, companies, women, pay, black, writes, positions, warren, white, color, close


This is how Elizabeth Warren plans to close the pay gap for women of color

Warren cited data that indicates that more than 70% of black mothers and more than 40% of Latina mothers are the sole breadwinners in their families, compared to less than a quarter of white mothers. She says that “while millions of families count on Latinas and black women to deliver financially, they face a steeper climb to provide that financial security” due to bias and discrimination.

In a Medium post, the Massachusetts senator writes that if elected, on day one of her presidency she would implement a set of executive actions that would “boost wages for women of color and open up new pathways to the leadership positions they deserve.”

On Friday, Democratic presidential candidate Elizabeth Warren released an ambitious plan to close the pay gaps that women of color face at work.

Sen. Elizabeth Warren (D-MA) speaks on during the first night of the Democratic presidential debate on June 26, 2019 in Miami, Florida.

Currently, black women, Native American women and Latina women make 61 cents, 58 cents and 53 cents, respectively, compared to white men. “And it’s getting worse,” writes Warren. “The gap in weekly earnings between white and black women is higher today than it was 40 years ago. ”

To fix this problem, Warren says that as president she would deny federal contracts to companies with a poor track record of diversity and equal pay, implement a minimum wage salary of $15 an hour (since black and brown women disproportionately occupy low-wage jobs), ban companies from asking applicants about their salary and criminal histories, and ban companies from using forced arbitration and non-compete clauses that “make it harder for employees to fight wage theft, discrimination and harassment.”

Additionally, Warren points out that women of color also face a steeper climb to higher-level management positions. “Even though black women and Latinas are often the leaders and decision-makers in their own homes and communities, they hold only one spot on the Fortune 500 CEO list and less than 5% of Fortune 500 Board positions, ” she writes.

Currently, Mary Winston, who was appointed interim CEO of Bed, Bath & Beyond in May, is the only black woman leading a Fortune 500 company.

Warren writes that she would provide companies with resources to attract applicants from Historically Black Colleges and Universities (HBCUs), Tribal Colleges and Universities and other minority-serving institutions. She says she would also create paid fellowship programs for federal jobs for minority and low-income candidates and she would require every federal agency to make diversity a core part of its strategic plan. This includes, she says, creating a government-wide mentorship program focused on black and brown employees.

“It’s time to build an America that recognizes the role that women of color play in their families and in the economy,” writes Warren, “that fairly values their work, and that delivers equal opportunity for everyone.”

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Don’t miss: Abortion, equal pay, family leave: Here are all the women’s rights policies proposed by 2020 candidates so far


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: courtney connley
Keywords: news, cnbc, companies, elizabeth, mothers, gap, plans, companies, women, pay, black, writes, positions, warren, white, color, close


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Harris says busing should be considered, not mandated

On Wednesday, though, Harris characterized busing as a choice local school districts have, not the responsibility of the federal government. Harris said she benefited from busing as an elementary school student in Berkeley, California, in the early 1970s. Democratic presidential candidate Sen. Kamala Harris (D-CA) speaks during a television interview after the second night of the first Democratic presidential debate on June 27, 2019 in Miami, Florida. After a Democratic Party picnic Wednesday in


On Wednesday, though, Harris characterized busing as a choice local school districts have, not the responsibility of the federal government. Harris said she benefited from busing as an elementary school student in Berkeley, California, in the early 1970s. Democratic presidential candidate Sen. Kamala Harris (D-CA) speaks during a television interview after the second night of the first Democratic presidential debate on June 27, 2019 in Miami, Florida. After a Democratic Party picnic Wednesday in
Harris says busing should be considered, not mandated Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-04
Keywords: news, cnbc, companies, presidential, mandated, harris, federal, support, considered, school, black, democratic, busing, debate, biden


Harris says busing should be considered, not mandated

On Wednesday, though, Harris characterized busing as a choice local school districts have, not the responsibility of the federal government.

“That’s where the federal government must step in,” Harris said, looking at Biden and winning a burst of applause from the auditorium in Miami.

Harris had a breakthrough moment at the candidates’ first debate when she criticized Biden for his opposition to mandatory school busing when he was a senator in the 1970s. Harris said she benefited from busing as an elementary school student in Berkeley, California, in the early 1970s.

Sen. Kamala Harris said Wednesday that busing students should be considered by school districts trying to desegregate their locations — not the federal mandate she appeared to support in pointedly criticizing rival Democratic presidential candidate Joe Biden last week.

Democratic presidential candidate Sen. Kamala Harris (D-CA) speaks during a television interview after the second night of the first Democratic presidential debate on June 27, 2019 in Miami, Florida.

Busing, while not central to the Democratic primary, has become a proxy issue for the debate between Biden and Harris over race as well as broader questions about whether the 76-year-old former vice president is out of step with his party.

After a Democratic Party picnic Wednesday in West Des Moines, Harris was asked by reporters whether she supports federally mandated busing.

“I think of busing as being in the toolbox of what is available and what can be used for the goal of desegregating America’s schools,” she responded.

Asked to clarify whether she supports federally mandated busing, she replied, “I believe that any tool that is in the toolbox should be considered by a school district.”

In a tweet Wednesday, Biden deputy campaign manager Kate Bedingfield knocked Harris for her response, writing, “It’s disappointing that Senator Harris chose to distort Vice President Biden’s position on busing — particularly now that she is tying herself in knots trying not to answer the very question she posed to him!”

Harris’ comments Wednesday were far from the indictment she delivered during the debate last week.

Under attack on the debate stage, Biden appeared stunned and dismissed Harris’ comments as a mischaracterization of his positions. He has notably begun his remarks to fundraisers by talking about how civil rights spurred his entry into public life more than 45 years ago.

To be sure, Biden’s record on busing is complicated.

Biden has insisted he only opposed busing ordered by the federal Education Department, and said allowing local governments and school districts to implement busing was “one of the things I argued for” at the time.

During an appearance at a conference last week in Chicago, Biden told the audience he “never, never, never, ever opposed voluntary busing.”

But Biden was an outspoken opponent of federally mandated busing in the 1970s and ’80s, sponsoring a congressional measure that would have limited funding for federal busing efforts.

The issue spilled into Iowa as Harris and Biden returned Wednesday for the first time since the debate. Both will need some success in Iowa’s leadoff nominating caucuses to build momentum heading into South Carolina, the first Southern primary, where they are vying aggressively for a robust African American voting bloc.

Biden and Harris also have been aggressively courting members of the Congressional Black Caucus, with Harris edging Biden in endorsements, picking up support from Reps. Bobby Rush of Illinois and Frederica Wilson of Florida. Biden last week landed the support of popular Atlanta Mayor Keisha Lance Bottoms.

In Iowa, where African Americans are a small minority, endorsements from black leaders are magnified. Harris got the backing of two popular black ministers after her debate performance last week.

Appearing Wednesday evening in Waterloo, Iowa’s most densely African American city, Biden received the backing of one of that city’s most influential black ministers.


Company: cnbc, Activity: cnbc, Date: 2019-07-04
Keywords: news, cnbc, companies, presidential, mandated, harris, federal, support, considered, school, black, democratic, busing, debate, biden


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Procter and Gamble wants to redefine the word ‘black’

Procter & Gamble’s “My Black is Beautiful” campaign is asking dictionaries to rethink their definitions of the word “black.” In the section for “black” on Merriam-Webster’s website, for instance, an example of word usage that reads “his face was black with rage” is placed higher on the definition page than any mention of “black” as it pertains to identity or skin color. It can lead to unconscious associations between this word of identity and a negative term. That’s one point Coffey said the org


Procter & Gamble’s “My Black is Beautiful” campaign is asking dictionaries to rethink their definitions of the word “black.” In the section for “black” on Merriam-Webster’s website, for instance, an example of word usage that reads “his face was black with rage” is placed higher on the definition page than any mention of “black” as it pertains to identity or skin color. It can lead to unconscious associations between this word of identity and a negative term. That’s one point Coffey said the org
Procter and Gamble wants to redefine the word ‘black’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: megan graham
Keywords: news, cnbc, companies, campaign, wants, definition, gamble, identity, beautiful, coffey, black, page, redefine, dictionaries, procter, website, word


Procter and Gamble wants to redefine the word 'black'

Procter & Gamble’s “My Black is Beautiful” campaign is asking dictionaries to rethink their definitions of the word “black.”

“My Black is Beautiful,” a campaign for black women the consumer goods giant formed over a decade ago, says dictionaries too often prioritize terms such as “evil” or “dirty” over those that describe the word as it relates to identity and skin color. The push is called #RedefineBlack and has a petition on DoSomething.org.

P&G’s latest effort joins other recent campaigns in which brands are taking stands on cultural and political issues. Last year, Nike ran a campaign featuring Colin Kaepernick that stirred controversy, and P&G has run campaigns of its own that have sparked conversation, including a Gillette ad that weighed in on the #MeToo movement. And this might be why: Nearly two in three people say they choose, switch, avoid or boycott a brand based on its stand on social issues, according to a 2018 Edelman Earned Brand report.

Lela Coffey, brand director of multicultural beauty at P&G, said “My Black is Beautiful” has always been focused on promoting a more positive perception of blackness and spotlighting bias. When the group started to think about the dictionary definitions, she said they discussed how associating darkness with badness can lead to racial prejudice.

“We talked with some professors about the issue and the effect that words have on people,” Coffey said. “We started to wonder if this was something we could change.”

In the section for “black” on Merriam-Webster’s website, for instance, an example of word usage that reads “his face was black with rage” is placed higher on the definition page than any mention of “black” as it pertains to identity or skin color.

Dictionary.com is already planning to update its definition because of the campaign. The website posted a blog Wednesday explaining that it would be making updates and revisions that will roll out on the website later this year.

“If you look on Dictionary.com today, the adjectival sense of ‘Black’ that refers to people is the third sense on the page, ” it says. “Currently this definition sits right above a definition that reads ‘soiled or stained with dirt.’ While there are no semantic links between these two senses, their proximity on the page can be harmful. It can lead to unconscious associations between this word of identity and a negative term. These are not associations we want anyone to get from Dictionary.com, and so we will be swapping our second and third senses on the page.”

Dictionary.com will also capitalize “Black” in the entry when it’s used in reference to people, which it says is considered a “mark of respect, recognition and pride.” That’s one point Coffey said the organization is asking dictionaries to make, along with updating the entries with references or usage of the word “black” to phrases black people actually use to identify themselves. She gave the example of “Black is beautiful” as one she hopes will be included.


Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: megan graham
Keywords: news, cnbc, companies, campaign, wants, definition, gamble, identity, beautiful, coffey, black, page, redefine, dictionaries, procter, website, word


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Seven comeback stocks that investors could pounce on: Cramer

The stock market had a number of winners Thursday and many of them are names that have made slower gains than the rest of the market, CNBC’s Jim Cramer said. He revealed seven equities that investors could consider buying:Stanley Black & DeckerShares of the toolmaker gained 2.43%. AllerganThe pharmaceutical company has lost more than half of its value from its highs four years ago, Cramer noted. The stock is well off its highs, Cramer said. WATCH: Cramer reviews lagging stocks


The stock market had a number of winners Thursday and many of them are names that have made slower gains than the rest of the market, CNBC’s Jim Cramer said. He revealed seven equities that investors could consider buying:Stanley Black & DeckerShares of the toolmaker gained 2.43%. AllerganThe pharmaceutical company has lost more than half of its value from its highs four years ago, Cramer noted. The stock is well off its highs, Cramer said. WATCH: Cramer reviews lagging stocks
Seven comeback stocks that investors could pounce on: Cramer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: tyler clifford
Keywords: news, cnbc, companies, investors, think, stock, stocks, names, cramer, black, highs, comeback, company, buy, market, pounce, seven


Seven comeback stocks that investors could pounce on: Cramer

The stock market had a number of winners Thursday and many of them are names that have made slower gains than the rest of the market, CNBC’s Jim Cramer said. “In this newly rejuvenated market, it’s time to reach for the laggards and play catch-up,” the “Mad Money” host said. “The names on this list are exactly the ones that will work, given that they’ve fallen behind, right here, mostly through no fault of their own.” He revealed seven equities that investors could consider buying:

Stanley Black & Decker

Shares of the toolmaker gained 2.43%. Stanley Black & Decker announced that it will shift manufacturing of Craftsmen wrenches from overseas to a new plant in Fort Worth, Texas, which explains the rally, Cramer said. That’s the power of leaving China, he added. “Until today, Stanley Black & Decker would get hammered every single time we got another flare up in the trade war because so much of their merchandise is, indeed, made in China,” he said. “Now that’s changing, so the stock is catching fire.”

Centene

Centene is a health provider for government-sponsored programs, including the Medicare, Medicaid, and Affordable Care Act exchanges. The stock has taken a hit along with the other managed-care plays, and now its trading for less than 13-times earnings, Cramer noted. “Now that safe, consistent domestic names have come back in style on the Wall Street fashion show, this one I think is a winner,” he said.

Under Armour

Under Armour has an endorsement deal with the Golden State Warriors star Stephen Curry — who is currently eyeing his fourth NBA Finals championship in five years — and the apparel company has some serious momentum going, Cramer said. He called the point guard “the most compelling figure in basketball.” The stock is up nearly 24% this year. “But the stock doesn’t reflect that,” he said. “You’ve gotta remember that Under Armour has spent the past three years bouncing along its lows. This stock was nearly $55 just four years ago. It’s now a $22 stock.”

Allergan

The pharmaceutical company has lost more than half of its value from its highs four years ago, Cramer noted. Investors are concerned about new drugs coming to market that will rival Allergan’s top-selling Botox. “Drug stocks are back in style all of a sudden, and now that knockoff Botox has just been launched, I think the nadir has been reached,” he said. “However, I think it’s much better to buy something like a Merck or Abbott Labs. They’ve pulled back from their highs. ”

Mosaic

Shares of the fertilizer manufacturer have tumbled to about $23 from roughly $53 in 2015, Cramer said. The company has added more technology to improve its operations, but Mosaic supplies American farmers, who are getting hurt by the U.S.-China trade war. “I think you should probably wait until Deere reports tomorrow,” he said. “I don’t like the ag stocks here because they keep being linked with the Chinese. Yet, Mosaic has shown some signs of life of late.”

Northrop Grumman

Defense stocks have been lagging behind the broader market, but Northrop Grumman popped 3.47% Thursday. The stock is well off its highs, Cramer said. “This is totally a function of money managers trying to find companies that recently reported great numbers, but they have very beaten down stocks,” he said. “This stock sells for less than 14-times earnings, great balance sheet, just raised its dividend … fits the bill.”

Charles Schwab

With $3.36 trillion in assets under management, Charles Schwab seems to be a better bet than Goldman Sachs after the latter agreed to buy for virtually-unknown United Capital Financial for $750 million, Cramer said. “This stock is ridiculously cheap here versus the rest of the group, especially when you consider its phenomenal asset pull, $624 million a day comes into this place, according to the Wall Street Journal,” he said. “I’d buy it right here.”

WATCH: Cramer reviews lagging stocks


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: tyler clifford
Keywords: news, cnbc, companies, investors, think, stock, stocks, names, cramer, black, highs, comeback, company, buy, market, pounce, seven


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New Uber feature lets you request a quiet driver who won’t be chatty—but there’s a catch

On Wednesday, Uber is rolling out upgrades to its premium service, Uber Black, including one that allows riders to ask for a silent driver. But there’s a catch: That feature, which is being referred to in reports as a “quiet car” mode, is only available for Uber Black rides, which can cost two to three times as much as an UberX ride. If you’re willing to spring for Uber Black, you can set your ride preference in the Uber mobile app. If you select “quiet preferred,” Uber Black drivers know that y


On Wednesday, Uber is rolling out upgrades to its premium service, Uber Black, including one that allows riders to ask for a silent driver. But there’s a catch: That feature, which is being referred to in reports as a “quiet car” mode, is only available for Uber Black rides, which can cost two to three times as much as an UberX ride. If you’re willing to spring for Uber Black, you can set your ride preference in the Uber mobile app. If you select “quiet preferred,” Uber Black drivers know that y
New Uber feature lets you request a quiet driver who won’t be chatty—but there’s a catch Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: tom huddleston jr
Keywords: news, cnbc, companies, request, premium, select, quiet, theres, black, preferred, youre, riders, wont, feature, ride, driver, uber, catch, lets, preference, chattybut


New Uber feature lets you request a quiet driver who won't be chatty—but there's a catch

If you’re the type of person who hates getting stuck with a chatty Uber driver, then the ride-sharing start-up is finally offering an option that should allow you to enjoy your next ride in peace.

On Wednesday, Uber is rolling out upgrades to its premium service, Uber Black, including one that allows riders to ask for a silent driver.

But there’s a catch: That feature, which is being referred to in reports as a “quiet car” mode, is only available for Uber Black rides, which can cost two to three times as much as an UberX ride.

If you’re willing to spring for Uber Black, you can set your ride preference in the Uber mobile app. Once you confirm your destination and select an Uber Black or Uber Black SUV — services that offer riders trips in luxury cars, like a BMW 5-Series or Cadillac Escalade — under the preference for “conversation,” you can select either “quiet preferred,” “happy to chat” or state no preference.

If you select “quiet preferred,” Uber Black drivers know that you’re not looking to engage in conversation for the duration of your trip. And if your driver doesn’t get the memo, Uber says that Uber Black riders will also get access to “premium phone support with live agents” should you feel the need to call the company to tell them your preferences are not being honored mid-trip. (Of course, that could make for a very awkward ride.)


Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: tom huddleston jr
Keywords: news, cnbc, companies, request, premium, select, quiet, theres, black, preferred, youre, riders, wont, feature, ride, driver, uber, catch, lets, preference, chattybut


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Alphabet is a ‘black box’ and isn’t being straight with investors, says hedge-fund manager Dan Niles

Sundar Pichai, CEO of Google, speaks to the media before the opening of the Berlin representation of Google Germany in Berlin on January 22, 2019. Hedge-fund manager Dan Niles said on Tuesday that the problem with Alphabet isn’t just that it fell way shy of revenue numbers, but that the company didn’t give investors enough of an explanation for the miss. “It’s a black box,” Niles, founding partner at AlphaOne Capital Partners, told CNBC’s Halftime Report. But neither she nor CEO Sundar Pichai of


Sundar Pichai, CEO of Google, speaks to the media before the opening of the Berlin representation of Google Germany in Berlin on January 22, 2019. Hedge-fund manager Dan Niles said on Tuesday that the problem with Alphabet isn’t just that it fell way shy of revenue numbers, but that the company didn’t give investors enough of an explanation for the miss. “It’s a black box,” Niles, founding partner at AlphaOne Capital Partners, told CNBC’s Halftime Report. But neither she nor CEO Sundar Pichai of
Alphabet is a ‘black box’ and isn’t being straight with investors, says hedge-fund manager Dan Niles Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: ari levy
Keywords: news, cnbc, companies, company, hedgefund, box, whats, straight, sundar, google, niles, report, manager, alphabet, growth, revenue, pichai, investors, dan, isnt, black


Alphabet is a 'black box' and isn't being straight with investors, says hedge-fund manager Dan Niles

Sundar Pichai, CEO of Google, speaks to the media before the opening of the Berlin representation of Google Germany in Berlin on January 22, 2019.

Hedge-fund manager Dan Niles said on Tuesday that the problem with Alphabet isn’t just that it fell way shy of revenue numbers, but that the company didn’t give investors enough of an explanation for the miss.

“It’s a black box,” Niles, founding partner at AlphaOne Capital Partners, told CNBC’s Halftime Report. “When something goes wrong, you want an explanation. You’re not getting one.”

Alphabet shares tumbled 7.5%, the biggest plunge since 2012, after the company said that ad revenue growth slowed to 15% from 24% a year earlier and total sales missed analyst estimates by about $1 billion. Ruth Porat, Alphabet’s CFO, attributed the slowdown to a deceleration in click growth at YouTube. But neither she nor CEO Sundar Pichai offered many more details.

Niles said his firm had been reducing its exposure to Alphabet heading into the report and plans to cut it even more. He’s frustrated that company executives didn’t make clear if this was a one-quarter issue or if it will persist. He noted that in its previous earnings report, investors were skeptical because of the company’s capital expenses. Alphabet reeled in its costs and beat on profit in the first quarter, but now revenue growth is causing concern.

Some of his questions for the company relate to the macro online advertising environment, which appears strong. Facebook, Twitter and Snap all reported better-than-expected results in their latest earnings reports, and Amazon’s ad growth was impressive, Niles said.

“You look at this and go, well advertising and Google on the internet are obviously synonymous,” Niles said. “And when you don’t know what’s going on, you sit there and go, well I know what’s going on at these other names. I’d rather own Facebook, for example.”

WATCH: Cramer on Alphabet and Amazon


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: ari levy
Keywords: news, cnbc, companies, company, hedgefund, box, whats, straight, sundar, google, niles, report, manager, alphabet, growth, revenue, pichai, investors, dan, isnt, black


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Black conservative group calls on NAACP to rescind Jussie Smollett’s Image Award nomination

Project 21, an activist group sponsored by the National Center for Public Policy Research, said Smollett “does not deserve honor after arrest for hate crimes hoax.” The Image Awards is an event that celebrates the achievements and performances of people of color as well as individuals or groups who promote social justice through creative endeavors. The Image Award nomination came before Smollett was charged with 16 counts of disorderly misconduct for allegedly lying to the Chicago police. Repres


Project 21, an activist group sponsored by the National Center for Public Policy Research, said Smollett “does not deserve honor after arrest for hate crimes hoax.” The Image Awards is an event that celebrates the achievements and performances of people of color as well as individuals or groups who promote social justice through creative endeavors. The Image Award nomination came before Smollett was charged with 16 counts of disorderly misconduct for allegedly lying to the Chicago police. Repres
Black conservative group calls on NAACP to rescind Jussie Smollett’s Image Award nomination Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: sarah whitten, tasos katopodis, getty images
Keywords: news, cnbc, companies, rescind, award, nomination, 21, outstanding, smollett, nominees, naacp, group, awards, image, calls, black, project, smolletts, jussie, conservative


Black conservative group calls on NAACP to rescind Jussie Smollett's Image Award nomination

A black conservative group is calling on the NAACP to drop Jussie Smollett from the list of nominees for an Image Award after the actor was arrested on the suspicion of filing a false police report claiming he was the victim of a hate crime.

Project 21, an activist group sponsored by the National Center for Public Policy Research, said Smollett “does not deserve honor after arrest for hate crimes hoax.”

“Everyone has a reason to be disappointed with Jussie Smollett right now, and these accumulated reasons justify the NAACP taking swift and appropriate action to remove him from consideration for its Image Award,” Council Nedd, co-chairman of Project 21, said in a statement Monday.

Smollett was nominated for outstanding supporting actor in a drama series for his work on “Empire.” The Image Awards is an event that celebrates the achievements and performances of people of color as well as individuals or groups who promote social justice through creative endeavors.

The Image Award nomination came before Smollett was charged with 16 counts of disorderly misconduct for allegedly lying to the Chicago police.

Representatives for Smollett and the NAACP’s Image Awards did not immediately respond to CNBC’s request for comment.

This isn’t the first time that Project 21 has contested the Image Award’s nominees. In 2004, the group criticized the NAACP for allowing R&B singer R. Kelly to keep his nomination for outstanding album despite the fact that he was under indictment for alleged child pornography violations.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: sarah whitten, tasos katopodis, getty images
Keywords: news, cnbc, companies, rescind, award, nomination, 21, outstanding, smollett, nominees, naacp, group, awards, image, calls, black, project, smolletts, jussie, conservative


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Goldman Sachs says half of all the junior bankers it hires must be women

Goldman Sachs expanded a year-old program to hire more workers from underrepresented groups, including goals for black and Latino hires for the first time. The firm set a lower goal for black hires in the U.K., where it is seeking 9 percent level. More than 70 percent of new hires are at the analyst and associate level, the bank said. Last year, the firm said that half of all analysts hired from universities had to be women by 2021. While Goldman said it pays women and men in similar roles equal


Goldman Sachs expanded a year-old program to hire more workers from underrepresented groups, including goals for black and Latino hires for the first time. The firm set a lower goal for black hires in the U.K., where it is seeking 9 percent level. More than 70 percent of new hires are at the analyst and associate level, the bank said. Last year, the firm said that half of all analysts hired from universities had to be women by 2021. While Goldman said it pays women and men in similar roles equal
Goldman Sachs says half of all the junior bankers it hires must be women Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: hugh son, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, bankers, white, female, sachs, goldman, firm, hires, junior, half, black, hired, latino, women


Goldman Sachs says half of all the junior bankers it hires must be women

Goldman Sachs expanded a year-old program to hire more workers from underrepresented groups, including goals for black and Latino hires for the first time.

The firm has set “aspirational goals” of having half of all new analysts and entry-level associates hired in the U.S. be women, 11 percent black, and 14 percent Latino, according to a staff memo sent Monday. The firm set a lower goal for black hires in the U.K., where it is seeking 9 percent level.

By increasing the ranks of women and minorities at entry-level positions — analysts and associates are the two most junior job titles in Wall Street’s hierarchy — Goldman is hoping to improve diversity across the firm over time. More than 70 percent of new hires are at the analyst and associate level, the bank said.

Goldman, like Wall Street overall, is dominated by white males, particularly at senior levels. About 60 percent of the bank’s U.S. employees are white, while 38 percent are female, 5.4 percent are black and 8.5 percent Latino, according to the firm’s most recent disclosure. When it comes to top managers, 80 percent are white, 22 percent are female, 2.9 percent are black and 4.3 percent are Latino.

While the targets “are aspirational, we have access to an incredible talent pool and believe they can be achieved,” CEO David Solomon and two of his deputies said in the memo. “We are also exploring new ways to increase representation of the LGBT, disabled and veterans communities.”

Solomon, who took over in October, is expanding a program begun under his predecessor Lloyd Blankfein. Last year, the firm said that half of all analysts hired from universities had to be women by 2021.

When it comes to more experienced hires, the bank said it would require managers to interview at least two qualified “diverse” candidates for each open position.

“Experienced lateral hiring has been an important part of the firm’s growth,” Solomon said. “However, it has also been a significant contributor to the dilution of our diversity at more senior levels and we need to address this.”

The bank’s announcement comes ahead of gender pay gap disclosures required in the U.K. While Goldman said it pays women and men in similar roles equally, when taking performance into account, the bank said it has to increase the numbers of senior-ranked women to improve the gap.

Other banks have made similar efforts. Citigroup said last year that half of those hired at the analyst and associate level globally would be female, and 30 percent in the U.S. would be black or Latino.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: hugh son, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, bankers, white, female, sachs, goldman, firm, hires, junior, half, black, hired, latino, women


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