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☆ These bond funds offering yields upward of 5% could take off as Fed policy becomes uncertain
▼ + stars: | 2024-05-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

That shakiness around when the cuts are coming, as well as the expectation that rates could remain higher for longer creates an opportunity for active managers. Rick Rieder, BlackRock's global chief investment officer of fixed income, told CNBC in a phone interview. Indeed, core bond funds were among the winners in the 2008 crisis. For starters, they should think about the role they want a given bond fund to play within their portfolio: Is it to offset equity risk or to boost returns? "You're not investing in bond funds to shoot the lights out and build your wealth pile," said Morningstar's Jacobson.

Persons: Rick Rieder, Rieder, Eric Jacobson, Morningstar, John Croke ,, Morningstar's Jacobson, Jaime Quinones, they're, Quinones Organizations: Federal Reserve, Barclays, Bank of America, Citigroup, CNBC, Bloomberg, SEC, Morningstar, Vanguard, Stockade Wealth Management, Mutual Locations: Marlboro , N.J

☆ Trump wishes Melania happy birthday from the hallway outside his NY criminal trial
▼ + stars: | 2024-04-26 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +3 min

In front of television cameras and a gaggle of journalists, former President Donald Trump wished his wife, Melania Trump, a very happy birthday Friday morning, moments before he entered the courtroom for his criminal hush-money trial. "I want to start by wishing my wife Melania a very happy birthday," he told reporters in the downtown Manhattan courthouse hallway. Trump is spending the day in Manhattan's criminal court, where he's on trial for charges alleging that he falsified business documents to disguise payments to porn star Stormy Daniels. AdvertisementTrump did not address why Melania Trump, or any of his other family members, have not attended the trial to support him. Trump said he listened to the arguments Thursday night, after his court day in Manhattan, and "thought it was really great."

Persons: —, Donald Trump, Melania Trump, Trump, Stormy Daniels, Jason Miller, Boris Epshteyn, Waltine Nauta, Epshteyn, David Pecker, Pecker, Daniels, Karen McDougal Organizations: Service, Hallmark, Business, National Enquirer Locations: Manhattan, Florida, Arizona, Trump's Florida

☆ The upcoming Bitcoin halving is different from others before it. Here’s what investors need to know.
▼ + stars: | 2024-04-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

Stock Chart Icon Stock chart icon Bitcoin (BTC), entering its fourth halving period next week. After the 2012, 2016 and 2020 halvings, the bitcoin price ran up about 93x, 30x and 8x, respectively, from its halving day price to its cycle top. The halving occurs when incentives for bitcoin miners are cut by half, as mandated by the code of the Bitcoin blockchain. Zoom In Icon Arrows pointing outwardsThat $30 million assumes a bitcoin price of about $70,000. Diminishing returns from halving to halving Bitcoin has always shot to the moon in the months following its halving – that's what makes it such a celebrated day among enthusiasts.

Persons: Yu Chun Christopher Wong, bitcoin, Antoni Trenchev, it's, Steven Lubka, Swan Bitcoin, Trenchev, Swan's Lubka, Lubka Organizations: S3studio, Wall, Swan, Miners

☆ Iowa-South Carolina NCAA women's final draws record 18.7 million viewers
▼ + stars: | 2024-04-08 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

March Madness branded Powerade bottles before the game between the Maryland Terrapins and the South Carolina Gamecocks during the Elite Eight round of the 2023 NCAA Women's Basketball Tournament held at Bon Secours Wellness Arena in Greenville, South Carolina, on March 27, 2023The NCAA Women's Championship between Iowa and South Carolina set a record on Sunday, drawing 18.7 million viewers on ABC and ESPN. The game peaked at 24 million viewers, ESPN said, and was the most-watched NCAA women's college basketball game since 1992. The championship, which saw Caitlin Clark-led Iowa fall to South Carolina, was the most-watched basketball game, either men's or women's and college or professional, since 2019. "With a record-setting audience of 18.7 million viewers, Sunday's Iowa-South Carolina title game was a fitting finale to the most-viewed ever NCAA Women's Basketball Tournament," said ESPN Chairman Jimmy Pitaro in a statement. The semifinals between Iowa and University of Connecticut last week also shattered viewership records, peaking at 17 million viewers, according to ESPN.

Persons: Caitlin Clark, Jimmy Pitaro, Clark, that's Organizations: Maryland Terrapins, South Carolina Gamecocks, Secours Wellness, NCAA, ABC, ESPN, Iowa, University of Connecticut, Deloitte Locations: Greenville , South Carolina, Iowa, South Carolina

President Joe Biden's State of the Union address as prepared for delivery:Good evening. A former American president actually said that, bowing down to a Russian leader. And it’s because of you that tonight we can proudly say the State of our Union is strong and getting stronger. Americans pay more for prescription drugs than anywhere else. I say this as a lifelong supporter of Israel and the only American president to visit Israel in wartime.

Persons: Joe Biden's, Franklin Roosevelt, “, Hitler, Roosevelt’s, Lincoln, Putin, Ronald Reagan, thundered, Mr, Gorbachev, we’ve, Insurrectionists, ., Jan, I’ve, Latorya Beasley, Roe, Wade, Harris, Kate Cox, Kate, – that's, won’t, Hope, Shawn Fain, Dawn Simms, Dawn, That’s, Jill, I’m, Keenan Jones –, Sen, Bob Casey’s, It’s, It’d, Edmund Pettus, John Lewis, Betty May Fikes, ”, Banning, Jasmine, Jackie, we’re, Evan, Paul, Israel, –, We’ve, aren’t, They’ve, We’re, King, Bobby Kennedy, you’ve, Let’s Organizations: Madame, Union, Overseas, Republican, NATO, Alliance, National Security, America, That's, Act, Infrastructure Law, UAW, Big Pharma, Medicare, Affordable, White, Initiative, Women’s Health Research, Grants, Child, Big Oil, Social Security, Border Patrol Union, Dreamers, Peace Corps, Ameri Corps, Corps, American, House, NRA, Hamas, United, U.S, ARPA, Star Locations: Joe Biden's State, Europe, Russia, Ukraine, American, Russian, America, Finland, Sweden, United States, Birmingham , Alabama, Alabama, Dallas, Texas, COVID, That's America, Belvidere , Illinois, Belvidere, it’s, Shawn, HBCUs, Minnesota, Ireland, Selma , Alabama, Selma, Uvalde , Texas, Uvalde, Iowa, Israel, Gaza, U.S, Saudi Arabia, Iran, Red, China, Taiwan Strait, I’ve, Scranton , Pennsylvania, Claymont , Delaware, United States of America

☆ This move could help protect your portfolio from volatility as stocks trade near their highs
▼ + stars: | 2024-03-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

There's a party happening in stocks in 2024, and though investors may be reluctant, it could be time to think of taking a few chips off the table. My portfolio has recovered [from 2022],'" said Marguerita Cheng, certified financial planner and CEO of Blue Ocean Global Wealth in Gaithersburg, Maryland. "I tell people we're not selling everything, but we need to give the portfolio the TLC it deserves – this is the fine-tuning of your portfolio," she added. Be tax aware: Investors may be wary of selling highly appreciated holdings within their taxable accounts, which can incur levies on capital gains. Cheng of Blue Ocean has been turning toward dividend payers, as well as small and midcap stocks.

Persons: There's, they're, Marguerita Cheng, it's, Morningstar, Carla Adams, –, Sean Lovison, Cheng, Russell, Matson, – that's, It's, Jon Ulin Organizations: Nasdaq, Dow Jones, Netflix, Blue, Global Wealth, CNBC's, CFP, Ametrine, Investors, redeploy, Pfizer, Micron Technology, Holdings, Federal Reserve, Ulin, Wealth Management Locations: Gaithersburg , Maryland, Lake Orion , Michigan, Moorestown , New Jersey, SDVY, Boise, Boca Raton , Florida

Joe Biden bet on the American worker while Donald Trump blamed the American worker. The Best Political Cartoons on Joe Biden View All 259 Images“The question is: Who do we want in that office to give us the best shot of winning?” Fain asked members. Joe!” Biden accepted the endorsement and pledged to continue supporting labor unions and the auto industry in particular. Of course, there were plenty of signs the UAW chief was planning to make the union’s backing of Biden official. That's what this choice is about.”More labor union endorsements are likely to roll out in the coming months.

Persons: Joe Biden, Donald Trump, ”, Shawn Fain, Harris, Trump, ” Fain, “, “ It’s, It's, “ It's, ” “ Donald Trump, that's, he’d, “ Joe, Joe, Joe ! ” Biden, ” Biden, Biden, “ Trump, you've, –, Fain, ” Mary Kay Henry, Biden’s, Lady Jill Biden Organizations: United Auto Workers, D.C, Biden, UAW, – Ford, General Motors, Trump, Gallup, National Labor Relations Board, Employees International Union, U.S . Bureau of Labor Statistics, Press, Hollywood, “, National Education Association Locations: Washington, Detroit, New Hampshire, Iowa, Michigan, Pennsylvania, Wisconsin, America, U.S, “, South Carolina

☆ I'm the 28-year-old mayor of my town and I had to live at home until I could buy a house
▼ + stars: | 2024-01-09 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Paulin talked about his experience living in his childhood home for three years to save for a down payment on his own house. My girlfriend and I started saving for a home in 2019 – that's when I decided to continue living at home. In Indian Head, you run for three town council seats and the candidate with the most votes becomes mayor, which was me. Like I would leave school work or documents from town meetings in the living room or on the coffee table. You just have to be prepared to make some sacrifices or not have as much freedom depending on your house rules.

Persons: —, Brandon Paulin, Paulin, isn't, He's, Fortnite, Fornite, Taryn, I've, Brandon Paulin We Organizations: Service, Business, Southern New Hampshire University, PlayStation, FedEx Field, Major League Baseball Locations: Indian Head , Maryland, Washington, DC, Southern

☆ I moved from Brooklyn to Iceland 7 years ago. It may be tiny, but it's cheaper and I feel safer.
▼ + stars: | 2024-01-06 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

Jewells Chambers relocated from Brooklyn to Iceland in 2016 and says it's cheaper and safer. AdvertisementThis as-told-to article is based on a conversation with Jewells Chambers, who relocated from Brooklyn to Iceland in 2016 and produces the podcast "All Things Iceland." Compared to Brooklyn, Reykjavik is nothing. When I go back to New York, I'm like a kid in a candy store. I think this was a great decision and I feel really secure and like I was meant to be here.

Persons: Jewells Chambers, Chambers, —, Grace Dean, I've, it's, they've, –, that's, would've Organizations: Service, Costco, Foods, Facebook Locations: Brooklyn, Iceland, Reykjavik, New York, York, London

☆ Dividend-paying stocks could rise in 2024. Investors like these plays for the new year
▼ + stars: | 2023-12-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Dividend-paying stocks took a backseat to this year's tech-driven market rally, but 2024 could be the year that they come back in vogue. A couple of catalysts could swing the pendulum back in favor of dividend payers in 2024, including the Fed's forecast for three rate cuts in the new year. "Not only do you get the dividend yield and dividend growth, but you get some capital appreciation perhaps – that's where it gets interesting," he added. Special dividend payers Kim Abmeyer, certified financial planner and founder of Abmeyer Wealth Management in Dallas, sees dividend-paying stocks coming into focus for 2024. The energy company in November announced that it raised its regular dividend by 10% and it declared a $1.50 per share special dividend.

Persons: gangbuster, Charlie Gaffney, Eaton Vance, Gaffney, bode, Bernstein, it's, Nelson, Piper Sandler, Paul Newsome, Kim Abmeyer, Abmeyer, Stocks, Roth MKM's Leo Mariani Organizations: Big Tech, Nasdaq, Morgan Stanley Investment Management, Broadcom, VMware, Evercore ISI, Disney, Allstate, Abmeyer Wealth Management, Costco Wholesale, Costco Locations: Dallas

☆ Amazon faces Black Friday strikes and protests on 'Make Amazon Pay' day
▼ + stars: | 2023-11-24 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Amazon workers at a UK warehouse are striking on one of the retailer's busiest days, Black Friday. AdvertisementSome Amazon workers in the UK have gone on strike this Black Friday in what a union called the largest day of industrial disruption in the company's 30-year history. The online retail giant also faces action and protests in the US, France, Germany and dozens of other countries as part of a day of action called "Make Amazon Pay." The union will also hold a demonstration in support of the striking workers outside Amazon's UK headquarters in London. Gearing said Friday's strikes would be "the largest day of industrial disruption in Amazon's 30-year history."

Persons: —, Christy Hoffman, Jacob King Organizations: Service, UNI Global Union, UNI, Amazon, Business, Guardian Locations: US, France, Germany, Coventry, England, London

☆ Lenovo is tackling circularity to power a new wave of user-friendly devices
▼ + stars: | 2023-11-21 | by ( Sponsor Post | Created Lenovo With Insider Studios | ) www.businessinsider.com time to read: +6 min

Lenovo's Next UX (user experience) team is one such group. "Our team gets to research and explore what's possible and what best empowers Lenovo users, and we share recommendations across the enterprise." Developing a modular PCYears ago, the Next UX team considered a maximally repairable PC concept called Project Aurora. And visionary, data-driven recommendations and the voices of our customers, users, and partners, continue to inform powerful innovation at Lenovo. Learn more about Lenovo's user experience solutions here.

Persons: Lincoln Hancock, Hancock, –, they've, Dilip Bhatia, what's, Alden Rose, Rose Organizations: Lenovo, COVID, Lenovo's, Technology, Next, Insider Studios

☆ Solana surges amid altcoin rally, nearly triples its price over the past month
▼ + stars: | 2023-11-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The price of the Solana token jumped Wednesday amid an ongoing rally in altcoins and bullish remarks on the token from famed tech investor Cathie Wood. It has nearly tripled in price in the past month. "Ether was faster and cheaper than bitcoin [back] in the day – that's how we got ether. Activity on Solana has been growing all year, particularly in liquid staking protocols like Jito, according to data provider Kaiko. Solana is up about 510% this year and has been one of the best performing cryptocurrencies of 2023.

Persons: Cathie Wood, Solana, CNBC's, Wood, altcoins, outpacing, Polygon's, XRP, bitcoin, Mikołaj Zakrzowski, blowup, Sam Bankman, Fried Organizations: Ark, CNBC, CNBC PRO, Solana Locations: altcoins, Solana

☆ A beginner's guide to investing in art — that won't break the bank
▼ + stars: | 2023-11-09 | by ( Lucy Handley | ) www.cnbc.com time to read: +10 min

Will Ramsay, founder and CEO of the Affordable Art Fair, which puts on exhibits worldwide, said collecting art is easier than people might think. However, contemporary art is likely to increase in value over the long term, Diament said. There's also a satisfaction in buying something from a living artist, Diament said. "Some people like color, other people like to focus on drawings without color … you have people who collect just one artist," Taylor said. Provenance — which refers to the history and ownership of a piece — is often an important consideration when buying art.

Persons: Nicholas Bowlby, Puja Bhatia, You've, Karen Taylor, Taylor, Maria Artool, Will Ramsay, Robert Diament, Diament, you'll, Tracey Emin, Carlotta Cardana, There's, Knight Frank, Knight, Ramsay, Eileen Agar, Jeff Spicer, George Romney, Voltaire, Magda Archer, Ella Kruglyanskaya, Carl Freedman, Benjamin Senior, Richard Parkes Bonington, Judith Burrows, he'd, It's, Artool, Isabelle Paagman, Sotheby's, Paagman, Shepard Fairey Organizations: CNBC, Fair, of, Bloomberg, Getty, Knight, Investment, Art Market Research, Whitechapel Gallery, Art, San, Wallace Locations: London, U.K, British, Austin, Berlin, Brisbane, Latvian, Britain, Venice, American, Europe, Italy, Paris, France

If you have all or most of your money in a single investment account, you're missing opportunities to build wealth. If you're serious about building wealth, there are seven types of accounts you need to have to make it happen. If you're making estimated quarterly tax payments, you'll need to accumulate funds in your tax savings account as you earn them. Note that a "tax savings account" is not a different banking product — it's just a designated use for a savings account, like an emergency fund would be. (Like the tax savings account, this isn't a different product your bank offers — it's a specific use for an account like a high-yield savings account.)

Persons: —, Ally, Charles Schwab, it's, you'll, Roth, you've, It's, Robinhood, That's, We're, There's, I've, multimillionaires, Read Organizations: Service, Roth IRA, Roth, IRA

☆ Don't let Big Tech write the AI rules, warns AI godfather
▼ + stars: | 2023-11-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

An AI godfather says we should all be worried about the concentration of power in the AI sector. Bengio said the control of powerful AI systems was a central question for democracy. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementThe concentration of power in the AI arena is one of the main risks facing the industry, an AI godfather says. Regulation, at least in its current form, will not be the boost for big tech companies that some industry experts have suggested it could be, he added.

Persons: Yoshua Bengio, Bengio, —, Yoshua, I've, Yann LeCun, OpenAI's Sam Altman, LeCun, Anthropic's Dario Amodei, Benigo Organizations: Service Locations: Canadian, ChatGPT

☆ Cryptoverse: As good as gold? Spot bitcoin ETFs aim to whip up US demand
▼ + stars: | 2023-10-31 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +5 min

Mainstream investment giants such as BlackRock (BLK.N) and Fidelity, as well as crypto-focused firms like Grayscale, have filed applications for spot bitcoin ETFs. U.S. crypto firm NYDIG estimates demand for a spot bitcoin ETF at around $30 billion. Their calculation compares the sizes of the gold and bitcoin ETFs - $210 billion versus $28.8 billion, respectively - and adjusts them for their relative volatility. BlackRock declined to comment on its pending spot bitcoin ETF, other than to confirm that it is still awaiting final SEC approval. His forecast is based on how demand evolved in smaller markets where spot bitcoin ETFs already exist, such as Canada.

Persons: Dado, Dave Mazza, George Gagliardi, cryptocurrencies, bitcoin, Todd Sohn, Steven McClurg, Crypto, Matthew Sigel, Matthew Hougan, Steve Sosnick, Suzanne McGee, Ira Iosebashvili, Michelle Price Organizations: REUTERS, Roundhill Investments, Fidelity, U.S . Securities, Exchange, Coromandel Wealth Management, Strategas Securities, Boston Consulting, BlackRock, SEC, Bitwise Investments, Interactive, Thomson, Reuters Locations: U.S, BlackRock, Lexington , Massachusetts, Canada

☆ Monthly Meeting Q&A with Jim Cramer on everything from tech to health care to industrials
▼ + stars: | 2023-10-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +13 min

(Todd) Jim Cramer: I believe that the rally in oil was a short squeeze that is now over. (John) Jim Cramer: FTC chair Lina Khan does not have a strong antitrust case against Amazon (AMZN) – her arguments don't make sense. (Norman) Jim Cramer: We like to have something related to the housing cycle that could make money. (James) Jim Cramer: This is more of an art, not a science. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Jeff Marks, Jim Cramer, It's, Todd, Joe Biden, Tom Jorden, Donald, John, it's, Zev Fima, I've, Peter, Marc Benioff, Lina Khan, Khan, David, Rich Galanti, Eli Lilly, LLY, we've, Lilly, clobbered, Mounjaro, Stanley Black, Decker, that's, James, Michael Steinhardt, Rhonda, Vimal Kapur, Darius Adamczyk, Jim Organizations: Investing Club, Federal Reserve, Nvidia, Fed, Apple, Shark, ESPN, Our, Nasdaq, Amazon, Costco, Diabetes, Procter & Gamble, Honeywell, Electric, GE, Raytheon Technologies, CNBC Locations: Russia, China

☆ The doctors, dentists and anthropologists striving to identify Maui's victims
▼ + stars: | 2023-08-20 | by ( Joseph Ax | ) www.reuters.com time to read: +7 min

While the work can be emotionally taxing, DMORT members already confront death in their day jobs as funeral directors, medical examiners and coroners. DNA samples have become a crucial tool; Sebastian said the Maui team has partnered with a company that can process DNA in just hours. But the Sept. 11, 2001, attacks represented a pivot point, when DMORT teams helped city authorities sift through thousands of remains. Wildfires represent a relatively new response area for DMORTs; teams responded to the 2018 Camp fire that killed 85 in California and the 2020 Oregon wildfires. "As we're starting to see this era of 'polycrisis,' making sure we have enough DMORT team members that we can deploy is going to be really important," O'Connell, the senior HHS official, said.

Persons: Mike Blake, it's, Frank Sebastian, Kathryn Pinneri, Sebastian, Paul Sledzik, Sledzik, Dawn O'Connell, I've, DMORTs, Hurricane Maria, David Hunt, I'm, Hunt, O'Connell, Joseph Ax, Paul Thomasch, Diane Craft Organizations: REUTERS, U.S . Department of Health, Human Services, Maui, federal, HHS, World Trade Center, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Seattle, United States, hijackings, Montgomery County , Texas, MAUI, Long, Shanksville , Pennsylvania, Puerto Rico, New York, Indiana, DMORTs, California, Oregon

☆ Why US sporting stars like Tom Brady, LeBron James, and JJ Watt are piling into English soccer
▼ + stars: | 2023-08-05 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +6 min

Brady joins the likes of Jordan Spieth, JJ Watt, and LeBron James by buying into English football. Former NFL star Watt bought a minority stake in Burnley FC, in May. Now, legendary quarterback Brady has unveiled a minority stake in Birmingham City. The rise of across-the-pond partnerships raises a question: what is it about British clubs that has suddenly captured celebrities' imagination? The rewards for success in the English Premier League can be astronomical.

Persons: Tom Brady, Brady, Jordan Spieth, JJ Watt, LeBron James, Watt, Spieth, Michael B Jordan, Ryan Reynolds, Rob McElhenney's, Simon Chadwick, Reynolds, Ralph Lauren –, Christina Philippou, we've, Philippou, it's, Chadwick, That's, We've, they're, there's Organizations: Service, NFL, Burnley FC, Leeds United, Liverpool FC, Fenway Sports Group, AFC Bournemouth, Disney, Birmingham, Knighthead Capital Management, Wrexham, L'Oreal, English Premier League, Sky, BT, Amazon Prime, Premier League, Manchester City, Portsmouth University, Wrexham AFC, Premier League –, European Locations: Birmingham City, Wall, Silicon, British, Wrexham, Birmingham, United States

☆ What bitcoin investors can learn from the halving of Litecoin this week
▼ + stars: | 2023-08-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Traders have been looking to next spring's Bitcoin halving as a beacon of hope while regulatory uncertainty weighs on the industry and trading volumes remain suppressed. "The Litecoin halving has a bit of a price cyclicality associated with it as well, and those patterns seem to be repeating," he told CNBC. The token typically finds its trough and then its peak ahead of the halving, whereas bitcoin tends to peak well after its halving. Litecoin's trough to peak returns fell from 550% in its first halving cycle in 2015 to 504.8% in its second halving cycle three years later. "The Litecoin halving hasn't had as much of a pre-event momentum build like, say, a Bitcoin halving or Ethereum upgrade," said Michael Safai, managing partner at the crypto trading firm Dexterity Capital.

Persons: Litecoin, Greg Cipolaro, Cipolaro, Michael Safai Organizations: Management, CNBC, Traders Locations: NYDIG, Stone

☆ Blind and other anonymous forums are 'places of pure misery,' says Redfin's CEO – but also let workers 'speak truth to power'
▼ + stars: | 2023-07-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The CEO of real estate brokerage Redfin said anonymous forums are "places of pure misery." "Anonymity lets us slander one another without consequences, but it's also the only way to speak truth to power," Kelman said. "That led us to think there's a need for a third-party forum where people have the freedom to talk honestly about work," Kim said. "I was living there for six months and met with Amazon employees and signed them up in person – that's how we started flying." He also hosted parties and barbecues and invited Amazon workers so Blind could get more signups through word-of-mouth.

Persons: Redfin, Glenn Kelman, they're, Kyum Kim, it's, Kelman, Kim, Andrew Bosworth, Christian Charisius, Redfin didn't Organizations: Service, Meta, Twitter, Microsoft, Google, Korean, Amazon Locations: Wall, Silicon, Korea, California, Seattle

☆ Microsoft's market value soared as much as $154 billion in just a day. That nearly matched Jeff Bezos' entire fortune.
▼ + stars: | 2023-07-19 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Microsoft gained as much as $154 billion in market cap in a single day after unveiling the Copilot subscription service. The tech giant is poised to become the second company ever to reach a $3 trillion valuation, according to Morgan Stanley. That saw its market cap balloon by as much as the above-mentioned figure during intraday trades, before ending the session with a $102 billion increase. Amazon founder Bezos' wealth totaled $157 billion as of Tuesday, according to the Bloomberg billionaires index. Their combined value now stands at an eye-watering $11 trillion – which, to offer another comparison, is nearly triple the GDP of Germany.

Persons: Jeff Bezos's, Morgan Stanley, Jeff Bezos, Bezos, OpenAI's, Tesla, Morgan Stanley's Keith Weiss Organizations: Microsoft, Service, Bloomberg, Apple, Nvidia Locations: Wall, Silicon, OpenAI, Germany

☆ This startup that makes it easier to design solar projects just raised $100 million. Check out the 14-slide pitch deck PVcase used to raise the fresh funds.
▼ + stars: | 2023-07-18 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

PVcase, a software startup making it easier and faster to design solar projects, just raised $100 million. A solar design software startup has just raised $100 million in fresh funds. Lithuanian startup PVcase, which was founded in 2018, helps engineers plan and design solar energy projects via its software-as-a-service 3D modeling platform. The continued growth of solar meant that it's increasingly complex to develop big projects, Trainavicius said. PVcase could also include maintenance features when solar projects are up and running, such as predictive fixes.

Persons: Deividas Trainavicius, Trainavicius, it's, PVcase, What's Organizations: Lithuanian, Energize Ventures, Project Locations: Highland Europe, Lithuanian

☆ UK's Labour vows to make Britain a clean energy superpower by 2030
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +1 min

LONDON, June 18 (Reuters) - Britain's main opposition Labour Party will pledge on Monday to turn the country into a clean energy superpower by 2030, with a promise to cut bills, create jobs and to overturn a ban on new onshore wind farms. However on Monday, Labour leader Keir Starmer will set out pledges for 100% clean and affordable power by 2030; to establish a publicly-owned energy company, GB Energy; to create a National Wealth Fund to invest in green technologies; and to upgrade poorly insulated homes. The party would also overturn the ban on new onshore wind farms which Labour says has added 5.1 billion pounds to energy bills, or 182 pounds per household, because Britain has been forced to turn to more expensive power. "We can cut bills, create jobs and provide energy security for Britain – that's what a Labour Government will deliver," Starmer will say in a speech according to remarks released by Labour. "We're going to throw everything at this: planning reform, procurement, long-term finance, R&D, a strategic plan for skills and supply chains."

Persons: Britain's, Keir Starmer, Michael Holden, David Evans Organizations: Labour Party, Labour, GB Energy, Wealth Fund, Britain –, Labour Government, Thomson Locations: United States, Britain

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