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Read previewWhen the chief executive of cryptocurrency startup Anchorage Digital posted a message in the company's "announcements" Slack channel in late November about an executive's departure, employees started buzzing. Just over a year after it received the charter, the OCC issued a consent order against Anchorage in April 2022. Regulators are aggressively scrutinizing crypto players and prioritizing monitoring crypto compliance. Regulators' viewThe OCC is now led by Michael Hsu, the former Federal Reserve regulator and self-described crypto skeptic who has viewed crypto companies' regulatory compliance in some areas as inadequate. A crypto bank would face risks in safeguarding digital assets in its custody, maintaining appropriate hedges in crypto-lending, and adhering to capital requirements specific to crypto assets, said Kim, who studies crypto and blockchain technology.
Persons: , Georgia Quinn, Nathan McCauley's, McCauley, Goldman Sachs, Andreessen Horowitz, Quinn, Brian Brooks, CoinDesk, Oliver Wyman, FTI, Brooks, Michael Hsu, Hsu, Evelyn Hockstein, Mark duBose, Seoyoung Kim, University's, Kim, Diogo Mónica, Axel Springer, Mark McCombe, Max Levchin, BNY, Seyfarth Shaw, Ellenoff Grossman, it's Organizations: Service, Anchorage, Business, Citadel Securities, Apollo Global Management, Visa, OCC, Regulators, Securities, Exchange, IBM, KPMG, Anchorage Digital Bank National Association, Federal Reserve, Reuters, Business Insider, Santander Bank, University's Leavey School of Business, KKR, BlackRock, BNY Mellon Locations: Anchorage, United States, Santa, San Francisco, Portugal
If you’re worried you could be laid off — or if you’ve lost your job — personal finance professionals and career advisers have recommendations for how to cope. You can do this by leaving space in your resume to include keywords that are specific to the job you are applying for. IF YOU HAVE BEEN LAID OFFPRIORITIZE YOUR MENTAL HEALTHYour mental health can be heavily affected after a job loss. SHARE YOUR EXPERIENCEIt can be hard to talk about losing your job, and you should only share if you feel comfortable. “It shows that you have grit, that you’re willing to work hard and take care of your responsibilities,” she said.
Persons: you’re, you’ve, Jesse Mecham, Mecham, It’s, Scott Dobroski, , , Marlo Lyons, Lyons, Dobroski, “ I’ve, ” Lyons, “ Don’t, Charles Schwab Organizations: eBay, Riot Games, Los Angeles Times, YOU, Jobs, LinkedIn, , Labor Department, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: Lafayette , Colorado, U.S
She says it's difficult to pivot mid career but wishes more people her age were studying AI. AdvertisementThis as-told-to essay is based on a transcribed conversation with Evrim Kanbur, a 40-year-old former university teacher who is learning to code to work in AI. To pay bills, I get passive income from online classes I pre-record for the e-learning platform Udemy, which I've been doing since 2017. Kabur's home studio where she recorded online classes Evrim KanburRetraining has been quite hardRetraining is not something that's easy to do. But I want to do this now and I'm happy I'm sticking with it.
Persons: Evrim Kanbur, , I've, I'm, it's Organizations: Service, Deloitte, Riot Games, Harvard University, MIT Locations: Shanghai, China
Highly successful people overcome them by having "prodigious amounts of productive paranoia," according to multi-time bestselling author and leadership expert Jim Collins. "The question is not if bad things will happen, it's when," Collins said last week at the 2023 World Business Forum summit. Sometimes, productive paranoia takes the shape of over-preparing for a presentation so you can anticipate every possible question your audience might ask. Constantly thinking about potential futures — both good and bad — is the type of productive paranoia that all professionals should have, Collins said. DON'T MISS: Want to be smarter and more successful with your money, work & life?
Persons: Jim Collins, Collins, Jenny Maenpaa, Warren Buffett Organizations: CNBC Locations: New York
Learning and development programs (L&D) are rising in popularity. But employees and employers aren't seeing eye-to-eye about their value, and many workers don't seem happy about it. In contrast, 51% of the executives surveyed said their companies' existing L&D programs feel like a "waste of time." More than half of C-suite executives (65%) said that their employees are "very satisfied" with their company's L&D programs. Executives should give employees ample time in their working schedule to take L&D courses, instead of asking them to sacrifice their evenings or weekends, Morgan says.
Persons: they're, Andy Morgan, they'd, Morgan Organizations: CNBC, Business, Workers
Artificial intelligence chatbots can write corporate memos, compose new episodes of The Office in iambic pentameter and potentially land you a lucrative new job. Nearly three-quarters of CEOs call generative AI a "top investing priority," according to a recent survey conducted by KPMG, an international professional services network. They're spending on AI in the hopes of increased profitability, innovation and security for their companies, respondents said. More than half of the survey's participants said they're spending more money on new technology than training current employees. The average job posting involving generative AI skills offers a $138,232 salary, says a September report from job search platform Adzuna.
Persons: Jay Shankar Organizations: KPMG, Amazon Web Services, CNBC
"The single most important skill that everybody has pointed to is these two words: prompt engineering," Agarwal, the chief platform officer of multimillion-dollar education technology company 2U, tells CNBC Make It. Prompt engineering is essentially the skill of refining and inputting text commands for generative AI programs like ChatGPT. "How you ask for something [from a generative AI tool] is very critical," says Agarwal, the founder of online educational platform edX, which was acquired by 2U in 2021. Prompt engineering can particularly help prevent generative AI's biggest current drawback: regular occurrences of mistakes, fabricated information and other errors, all known as "hallucinations." A well-trained engineer "can stop [AI] from hallucinating by providing constraints," creating more accurate and efficient results, Agarwal says.
Persons: Anant Agarwal, Agarwal, He's Organizations: CNBC, MIT, CNBC Technology Locations: hallucinating
Insider Today: Side hustles' turning point
  + stars: | 2023-09-21 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +8 min
A new study from Morgan Stanely makes the case that generative AI will enable people to work multiple jobs, writes Insider's Alistair Barr. In the US alone, multi-earning has increased 11% over the past year, largely thanks to the rise of generative AI tools like ChatGPT. New research from EY found that nearly 40% of Gen Zers had a side hustle to earn extra money. Adding fuel to the fire is the fact bosses don't seem to care if their employees are working multiple jobs, albeit with one caveat. To be sure, executives' acceptance of employees working multiple jobs might be short-lived.
Persons: Randy Rush, Morgan Stanely, Alistair Barr, Morgan Stanley, EY, Gen Zers, Zers, Gen, Z, Alex Wong, we're, It's, Peter Brown, alums, , Brooks Kraft, Cassidy Hutchinson, Rudy Giuliani, Joe Biden, Volodymyr Zelenskyy, Mike Minnis, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Fed, cofounders, Renaissance Technologies, Tesla, Bugatti, Brooks Kraft LLC, Getty, Netflix, United Nations General Assembly, Darden, Olive Garden, LongHorn Locations: Wall, Silicon, Asia, Scottish, , Europe, Americas, Olive, New York City, San Diego, London
Billionaire investor Ray Dalio is sure that artificial intelligence will soon be a "great disruptor" in all of our lives — for both better and worse. "All these changes are going to happen in the next five years," Dalio, the founder of hedge fund giant Bridgewater Associates, added. I mean that you're going to see [changes] next year ... the next year, [even bigger] changes. That could open up a lane of opportunity for workers, who can learn and use AI skills to make some extra cash. Whether you're excited, curious or flat-out scared, "now would be the time to increase your knowledge," she added.
Persons: Ray Dalio, Dalio, ChatGPT, they're, Susan Gonzales, Gonzales Organizations: Bridgewater Associates, Alliance, Television Producers, CNBC
C-suite executives don't care if their workers use AI to do multiple jobs, a new edX survey finds. The findings come as companies seek to hire workers with AI expertise to boost productivity. AdvertisementAdvertisementThe freedom to work multiple jobs isn't the only perk employers are willing to grant their workers with AI chops. Workers familiar with AI may be expected to, say, create higher-quality work, or to produce higher volumes of work in a shorter amount of time. AdvertisementAdvertisementAs for executives, some have already encouraged their workers to learn how to use AI to boost their companies' bottom lines.
Persons: edX, execs, ChatGPT, , Akash Nigam, Anant Agarwal Organizations: Service, Workers, Companies, Netflix, ChatGPT, CNBC Locations: Wall, Silicon, edX
Nearly half of CEOs — 49% — say AI could effectively replace "most," or even "all," of their own roles, and 47% say it might even be a good thing, according to a survey from online education platform edX. The poll, published on Tuesday, surveyed 1,600 full-time U.S. workers, including 800 C-suite executives and CEOs, as well as 800 non-executive workers. "It is clear that a majority [of executives] think that AI is going to be transformative," he tells CNBC Make It. It could also tackle other CEO responsibilities, like analyzing market data and brainstorming ways to improve a business' operations, some experts say. Delegating those mundane tasks could help CEOs focus on "the things that make them CEOs ... vision and dreaming about new products and selling," Agarwal says.
Persons: Anant Agarwal, Agarwal Organizations: , MIT, CNBC Technology, CNBC
During the pandemic, we had sudden layoffs, quickly followed by the Great Resignation. Now millions of positions are unfilled, yet many Americans still say they are unhappy in their jobs. In a survey of 1,000 workers between the ages of 25 and 44 by online-course provider edX back in 2018, some 29% of respondents said they had changed careers since their first job after college, and 32% said they were thinking about a change.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEDX Markets CEO: Approval of spot bitcoin ETFs would 'energize the market'Jamil Nazarali, CEO of EDX Markets, sat down with CNBC Crypto World to provide an update for the platform that's drawn the backing of big-names in finance, including Charles Schwab and Citadel. In the wide-ranging interview, he also discusses new partnerships, institutional trends and Wall Street's adoption of crypto.
Persons: Jamil Nazarali, Charles Schwab Organizations: EDX, CNBC, Citadel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMastercard to wind down Binance-branded card partnership: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jamil Nazarali, CEO of EDX Markets, provides an update for the platform that's drawn the backing of big-names in finance, including Charles Schwab and Citadel.
Persons: explainers, Jamil Nazarali, Charles Schwab Organizations: Mastercard, CNBC Crypto, CNBC, EDX, Citadel
Some investors are shunning Wall Street’s tech frenzy
  + stars: | 2023-07-07 | by ( Krystal Hur | ) edition.cnn.com   time to read: +5 min
CNN —While many on Wall Street have chased the monster rally in mega-cap tech stocks this year, exchange-traded fund (ETF) investors seem to be bucking the “all-in on tech stocks” trend and opting for a more diversified strategy. The Nasdaq Composite index has climbed about 31% for the year, powered by a handful of tech stocks that have soared on hype surrounding artificial intelligence. The Vanguard Information Technology Index Fund saw $955 million of net outflows in the first half of 2023 compared to $291 million net inflows in the first half of last year. Investors had piled into tech-focused ETFs last year when the sector had fallen out of favor, betting that tech stocks would recover, buoyed by an economy that remains resilient despite the Federal Reserve’s punishing pace of interest rate hikes. Now, investors are exiting these ETFs and reallocating their cash to quality stocks with strong balance sheets that can withstand a potential economic downturn, says Todd Rosenbluth, head of research at VettaFi.
Persons: Todd Rosenbluth, , Shelby McFaddin, Larry Fink, Bitcoin, ” Fink, Antoni Trenchev, Charles Schwab, Clare Duffy, paring, Elon Musk, it’s, Read Organizations: CNN Business, Bell, CNN, Vanguard Information Technology, Investors, , Wealth, BlackRock, Fox Business, Federal Reserve, Fidelity Digital Assets, Citadel Securities, Facebook, Twitter, Meta
And the highly regulated institutions wanting to give their clients access to bitcoin are still a little skeptical that the crypto industry has learned its lessons. Another issue is there aren't enough dedicated custodians in the crypto industry. The Go Network acts as a platform on which partner firms can execute and settle trades between crypto assets and fiat currencies. BitGo handles custody of crypto assets while dollars are spread across a network of banks for safekeeping. "[The crypto industry] was operating on the edge, saying, it's risky, but we're making a lot of money.
Persons: Crypto, Bitcoin, Roger Bayston, Franklin Templeton's, FTX, Schwab, Gustavo Schwenkler, It's, David Wells, haven't, it's, BitGo, Mike Belshe, CNBC's, Wells, Belshe, BlackRock's Joseph Chalom, Franklin Templeton's Bayston Organizations: Crypto, New York City, Arrows, Terraform, Securities and Exchange, Fidelity, Citadel, EDX, Valley Bank, First, Leavey School of Business, Santa Clara University, Nasdaq, Bank of New York Mellon, CNBC, Go, Markets, Schwab, BlackRock, Securities, Exchange, Coinbase Locations: Coinbase State, New York, First Republic, PacWest, Wells
Are investors ignoring the Federal Reserve’s warning?
  + stars: | 2023-06-25 | by ( Krystal Hur | ) edition.cnn.com   time to read: +6 min
CNN —Stocks fell last week as several signs pointed to the Federal Reserve continuing to hike rates this year. The Cboe Volatility Index, known as the VIX, is derived from S&P 500 index options prices and measures volatility expectations. Meanwhile, the May Producer Price Index showed that inflation at the wholesale level cooled to below its pre-pandemic average. Tuesday: Case-Shiller home price index and new home sales. Friday: May Personal Consumption Expenditures Price Index and University of Michigan June consumer sentiment and inflation expectations final reading.
Persons: CNN — Stocks, Jerome Powell, BoE, Tom Graff, Price, , Graff, it’s, Liz Young, Gina Bolvin, Bitcoin, Charles Schwab Organizations: CNN Business, Bell, CNN, Federal Reserve, Dow Jones, Nasdaq, Federal, Bank of England, Nvidia, Microsoft, Bolvin Wealth Management, , Valley Bank, Signature Bank, BlackRock, EDX, Fidelity Digital Assets, Citadel, Index, University of Michigan
For many crypto investors, this week felt like the beginning of a new era – and ironically, it was driven by the old guard of financial institutions. Bitcoin ended the week up 17.1% at $30,864.67, according to Coin Metrics, for its best week since March 17. At one point on Friday, bitcoin rose to as much as $31,412.72 , its highest level since June 8, 2022. BlackRock filed an application for its spot bitcoin ETF June 15, spurring a flurry of fund filings from other asset managers. In the past two weeks, bitcoin's trading volume has increased 0.5% on a week-over-week basis, according to JPMorgan.
Persons: Bitcoin, bitcoin, Polygon, Yuya Hasegawa, Invesco, Charles Schwab, CNBC's, it's, Owen Lau, Oppenheimer, Lau, Hasegawa Organizations: Solana, Securities and Exchange Commission, Nasdaq, SEC, BlackRock, Fidelity Digital Assets, Citadel Securities, JPMorgan Locations: Cardano
Bitcoin price hits its highest level in a year
  + stars: | 2023-06-23 | by ( Krystal Hur | ) edition.cnn.com   time to read: +1 min
CNN —Bitcoin on Friday shot up to its highest level in about a year. The cryptocurrency rose above $31,400 a coin on Friday, its highest level since 2022, before paring back its gains. BlackRock last week applied to register a bitcoin spot exchange-traded fund, according to a US Securities and Exchange Commission filing. Crypto exchange EDX Markets, backed by firms such as Charles Schwab, Fidelity Digital Assets and Citadel, also launched its digital asset trading platform this week. The SEC earlier this month sued Coinbase, the US’s largest crypto exchange, alleging that it is acting as an unregistered broker.
Persons: CNN — Bitcoin, Bitcoin, Charles Schwab, Coinbase, bitcoin Organizations: CNN, Valley Bank, Signature Bank, BlackRock, US Securities and Exchange Commission, Fidelity Digital Assets, Citadel, SEC, Federal Locations: United States
Today we've got stories on a startup helping you build your credit with rent payments, Wall Street reentering the home-buying frenzy, and how to cut out late-night snacking. But that hasn't stopped critics from painting BlackRock's filing as part of a wider power shift in crypto benefiting traditional financial firms. (It's worth noting that the announcement coincides with the launch of EDX Markets, a crypto exchange backed by Wall Street royalty like Citadel Securities, Fidelity, and Charles Schwab, per The Wall Street Journal.) Wall Street isn't in the business of supporting causes that could put it out of business. By partnering with traditional finance firms, crypto companies are letting the fox in the hen house.
Persons: Dan DeFrancesco, we've, Andrii Shyp, Arif Qazi, Wall, Insider's Rebecca Ungarino, Rebecca, Morgan Chittum, hasn't, Charles Schwab, I've, Read, Teresa Heitsenrether, Here's, We're, Netflix's, Jeffrey Epstein, Epstein, Bel, Gary Winnick, Kaja Whitehouse, Nathan Rennolds Organizations: EDX, Wall, Citadel Securities, Fidelity, Street, JPMorgan, Bloomberg, Netflix, US Virgin Islands, Bel, Air, LinkedIn Locations: BlackRock, New York, London
June 21 (Reuters) - Bitcoin rallied for a third straight day after hitting its highest level since mid-April, boosted by BlackRock's (BLK.N) plan to create a bitcoin exchange-traded fund (ETF) even as the sector faces U.S. regulatory scrutiny. Earlier this month, the U.S. Securities and Exchange Commission (SEC) sued major crypto exchanges including Coinbase and Binance. Bitcoin, the world's biggest and best-known cryptocurrency, was last up 5.5% on Wednesday at 29,881.00 after hitting a high of $30,755.00. "It started with BlackRock's Bitcoin ETF filing and now others are following," said Edward Moya, a senior market analyst at OANDA. "Who needs regulatory clarity if you see BlackRock making a move?"
Persons: Bitcoin, Schwab, Edward Moya, Juby Babu, Megan Davies, Sinéad Carew, Hannah Lang, Chris Reese, Richard Chang Organizations: BlackRock's, BlackRock, Street, Citadel Securities, Fidelity, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Bengaluru, New York
Crypto influencers seized on BlackRock's application to launch a bitcoin exchange-traded fund. Some said it sends a bullish sign to the wider crypto market; others spread conspiracy theories. The attention underscores the relatively new scrutiny BlackRock faces in the mainstream. "So BlackRock, Citadel, Deutsche Bank and NASDAQ have all started to enter the crypto space in the last week. Citadel, BlackRock, Schwab JPMorgan…" (These tweets refer to Citadel, the hedge fund founded and led by billionaire Ken Griffin.
Persons: Crypto influencers, BlackRock, Matt Hougan, Michael Novogratz, Brian Armstrong, Morgan Chittum, permissioned blockchains, Fink, bitcoin, Crypto, They've, Schwab JPMorgan …, Ken Griffin, Griffin, That's, Rich Latour, Latour Organizations: BlackRock, Morning, US Securities and Exchange Commission, Coinbase, Bitwise Asset Management, Galaxy Digital, SEC, Citadel, Deutsche Bank, NASDAQ, Citadel Securities Locations: bitcoin, BlackRock, cryptoland
A crypto exchange backed by financial giants Charles Schwab , Fidelity Digital Assets and Citadel Securities has officially launched trading in four crypto assets, the company said Tuesday. EDX Markets first announced its launch plans for a "non-custodial" exchange in September, about two months before the collapse of FTX. The EDX exchange allows trading of bitcoin , ether , litecoin and bitcoin cash – none of which were named "crypto asset securities" in the lawsuits the Securities and Exchange Commission brought against Binance and Coinbase two weeks ago. EDX also has plans to launch a clearinghouse business this year to facilitate the settlement process but will still keep customer assets held at third-party banks and a crypto custodian. The company is set to announce Tuesday that it has closed a second funding round with new investors, including the options-exchange operator Miami International Holdings and affiliates of proprietary trading firms DV Trading, GTS, GSR and Hudson River Trading.
Persons: Charles Schwab, Binance, EDX Organizations: Fidelity Digital Assets, Citadel Securities, EDX, Sequoia Capital, Virtu, BlackRock, Securities and Exchange Commission, Miami International Holdings Locations: U.S, Hudson
Skillshare has over 34,000 online video courses, most taught by experts in their fields. Below is an overview of the Skillshare platform, FAQ, and 15 great online courses to take. It has over 34,000 video courses taught by experts in the field, including high-profile names like bestselling author Roxane Gay. Skillshare Annual Subscription Skillshare offers more than 25,000 online classesHow does Skillshare work? Other than the free trial, Skillshare doesn't offer free courses or any certificates to add to your LinkedIn for employers to see.
Focusing on hard skills like data analysis as well as management helped me move up in my career. But what really put my career on a rocket ship was taking online courses from platforms like Coursera, edX, and LinkedIn Learning. For anyone looking for a big career jump, here are four lessons I learned from taking online courses — and how to make the most of online learning. Taking management courses helped me advance much faster. Mike CrabtreeBecause of taking online courses, my career advanced very quickly in a short amount of time.
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