Chinese paper companies are opening offices in the U.S. in an attempt to gather and export recycled pulp, instead of the raw recyclable materials. “It was an aphorism in the recycling industry that China had the most stringent environmental laws in place. Chinese companies have been buying up old paper mills in the U.S. to produce enough scrap material to support China’s manufacturing output. Paper giant ND Paper, owned by Chinese corporation Nine Dragons Paper, recently opened mills in Maine, W

Cristiano Oliveira, co-founder and CEO of Olivia AI. They know how you’ll spend money before you do. “Being in the middle class isn’t easy these days,” said Cristiano Oliveira, co-founder and CEO of Olivia AI, a new personal-finance mobile app. Olivia AI may also notify users there’s a different grocery store in their neighborhood selling similar items at lower prices. “I think we’ll get to a place where people can be a lot more passive about their money,” O’Shea said.

On the far end of the spectrum, workers in Mexico log 2,148 hours per year, or 41.31 hours per week, at work. Financial site WalletHub set out to identify the hardest-working U.S. cities by evaluating key job metrics in 116 major metros across the country. Other cities that have large shares of physically skilled and demanding jobs, particularly throughout Wyoming and Texas, were also recognized as some of the hardest-working places in the country. Other tourist destinations, such as San Francis

DNA is like a toolkit that stores and transmits vital information passed from a living organism to its offspring. They dubbed it hachimoji DNA, meaning “eight letters” in Japanese. For even the simplest tasks with hachimoji molecules, Benner’s group had to reinvent new biological equivalents of the wheel. And hachimoji molecules represent just minor riffs on standard DNA, with a few oxygen and nitrogen atoms shuffled around here and there. Letting his imagination run wild, Benner speculates abou

The Santa Clara Public Health Department confirmed Friday the nation’s second coronavirus patient with no relevant travel history or clear link to another infected person or at-risk group, indicating that the virus may be spreading undetected in local communities. “This new case indicates that there is evidence of community transmission but the extent is still not clear,” Dr. Sara Cody, director of the County of Santa Clara Public Health Department, said in a statement Friday. The new case bring

Cassidy Claire Risien, 34, is a resident at the Haven co-living community in Venice, California. Source: Kalen HaymanCassidy Claire Risien, 34, lives in a newly renovated townhouse in trendy Venice, California — just seven blocks from the beach. In an online search for rentals in her area, she set the price range to its lowest setting and a communal living option popped up among the results. Communal living space in California Source: HavenWhile that arrangement is not for everyone, Risien, for

To fill the surge in demand for the devices, particularly the N95 respirator, 3M is ramping up production, which means hosting job fairs, making offers on the spot and expanding its assembly line with robots. Prestige Ameritech, based in North Richland Hills, Texas, said it received a total order of 100 million N95 respirators from Taiwan, Hong Kong and Singapore. The N95 respirator filters 95% of airborne particles, and can even filter out bacteria and viruses, according to the Centers for Dise

—Clinch5:27 pm: South Korea records its biggest daily jump in infectionsSouth Korea has 219 new coronavirus cases, according to Korea Centers for Disease Control and Prevention (KCDC). According to Reuters, the country has therefore logged a record daily increase since South Korea confirmed its first patient on Jan. 20. The country has not had any new cases over the last 24 hours, the official said at a media conference. Of the new cases, 476 are from Daegu, South Korea’s fourth-largest city, wh

Walmart has named Jamie Iannone its chief operating officer for U.S. e-commerce, after the Sam’s Club executive helped oversee digital initiatives for the retailer’s membership-based subsidiary. In a company memo sent Friday, Walmart announced Iannone’s new role and credited him for helping to grow the membership and online sales of Sam’s Club. Lore is CEO of Walmart’s U.S. e-commerce business and founder of Jet.com, which Walmart acquired in 2016. The memo said Iannone will help Walmart “build

Brown | AFP | Getty ImagesThis week’s market sell-off over coronavirus fears hit health insurance and hospital stocks especially hard. The S&P 500 Managed Health Care sector had its worst weekly loss since Feb. 2009, falling more than 15% for the week. For insurers, it will almost certainly result in higher costs as Americans who get sick seek medical care. “When you look at all the respiratory diseases that we’ve seen globally in the last 50 years, and ask ‘have we ever seen one of those be mat

Private equity transactions have also caught my eye. Their PE owner funds the purchases with 30% equity and 70% debt borrowed from other private (equity) credit funds. Everyone hopes a bigger buyer, usually another private equity firm, will bail them out. At the peak, on Feb. 19, the market was trading at about 20 times earnings, always a tough multiple to sustain. If a 4% to 5% downside offers valuation support for the market, I wouldn’t characterize the U.S. equity market in a bubble at all.

Of the 34 cities ranked, 16 of them had median rent costs that exceeded 100% of a minimum-wage worker’s monthly take-home pay. Dennis Hohl / EyeEm | EyeEm | Getty Images11. Houston, TexasMinimum wage: $7.25 Rent as a percentage of take-home pay: 121%5. Dallas, TexasMinimum wage: $7.25 Rent as a percentage of take-home pay: 125%3. Austin, TexasMinimum wage: $7.25 Rent as a percentage of take-home pay: 143%

Break the problem down to its fundamental truths. Keep digging deeper and deeper until you are left with only the fundamental truths. A ‘powerful, powerful way of thinking’Musk has referenced the value of first principles thinking several times. It takes a lot of effort, but if you’re trying to do something new, it’s the best way to think. It’s really a powerful, powerful way of thinking.”

As the job market continues to surge, with 225,000 jobs added to the economy in January, economists say now is the perfect time to take advantage of new opportunities. Using data from its platform, Glassdoor created a list of the best cities to find a job in 2020. In addition to having a job satisfaction rating of 3.5 out of 5, Raleigh also has more than 50,000 current job openings on Glassdoor’s platform. Though cities like San Jose, Calif. and Boston, Mass., have thousands of more open roles,

Rough week for stocksA look back at a really bad week for the markets.

The coronavirus pounded the European Union this week with the biggest test of its political, economic and social fabric since the refugee crisis of five years ago. The ripples from the European migrant crisis of 2015 continue until today with its dual shock to the EU’s unity and domestic politics. It triggered a wave of populism and nationalism, the United Kingdom’s withdrawal from the EU, and Germany’s political fragmentation behind the weakening of Chancellor Angela Merkel. Most dramatically,

Attendees play games on the new Stadia gaming platform at the Google booth at the 2019 GDC Game Developers Conference. Game Developers Conference, a major annual event for video game programmers and designers in San Francisco, has been postponed due to concerns around the spread of the coronavirus, organizers said in a statement on Friday. GDC organizers didn’t provide new dates for the conference but said they “fully intend to host a GDC event later in the summer.” The news comes after several

Elliott Management founder and billionaire investor Paul Singer is seeking to replace Twitter CEO Jack Dorsey, a person familiar with the matter told CNBC Friday. Twitter did not immediately respond to a request for comment from CNBC. Elliott is pushing for Dorsey’s removal in part because his attention is split between running both Twitter and Square, and Dorsey’s desire to move to Africa, the person said. Dorsey is the only CEO of two public companies with market valuations of more than $5 bil

Zach Miller and Skyler Hallgren are the co-founders of San Francisco start-up Redfora, the maker of the Earthquake Bag emergency-preparedness kits. It was the foundation for the duo’s bootstrapped start-up Redfora, makers of “Earthquake Bag” emergency kits. Redfora’s flagship product is the Complete Earthquake Bag, a distinctly red bag that includes water, food, a sleeping bag and tools like a hand crank radio and work gloves. Redfora’s most expensive kit, the “20 Year Earthquake Bag” designed f

Americans have grown increasingly concerned about the power Big Tech companies like Facebook, Google, Amazon, Apple and Microsoft wield over their personal information and future job prospects. A Pew Research Center survey found that attitudes toward tech companies soured in the last half of the decade. He added that there should be oversight of the collection and sale of consumer data, particularly by Big Tech companies like Facebook. Biden has not said much on net neutrality recently, but he h