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☆ I've lived in LA, San Francisco, NYC, and Chicago. I thought moving to LA would be easy, but there are 5 things I hate about living here.
▼ + stars: | 2024-05-30 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

I moved to Los Angeles about five years ago from San Francisco, and I previously lived in New York City and Chicago. LA lacks great parks compared to other cities like San Francisco and New York City. It doesn't feel urban the way cities like NYC or SF do — I don't feel an urban buzz or excitement. I don't feel any sense of communityI don't feel a strong sense of community in LA. Because it's such a driving culture, I don't interact with people as much as I do in other cities I've lived in.

Persons: —, Stevie Howell, It's, I've, Frederic Olmstead, Manseen Logan Organizations: Service, Business, San Francisco and New Locations: Los Angeles, San Francisco, New York City, Chicago, California, LA, Venice, San Francisco and, San Francisco and New York City, Southern California, mlogan@businessinsider.com

☆ Active bond funds outperformed their passive peers in 2023, Morningstar says. These are top performers
▼ + stars: | 2024-03-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Overall, actively managed mutual funds and exchange-traded funds fell short of passive funds, with 47% of active strategies surviving and beating their index-following peers, according to Morningstar. However, actively managed funds outperformed in the bond category. About 53% of active bond managers survived and beat the passive average in 2023, up from 30% in 2022, the research firm said in a recent report . Intermediate core bond funds largely invest in investment-grade debt, spanning from government issues to corporates. Core bond funds have also held up in recessions, thanks to their diversification across fixed income and duration.

Persons: Morningstar, Paul Olmsted, Olmsted, Olmstead, It's Organizations: Morningstar, Vanguard, Bond Market, Aggregate Bond, Intermediate Bond Fund

☆ Despite Biden climate change pledges and conservative complaints about a war on energy, the US is on pace for record oil and gas production in 2023
▼ + stars: | 2023-11-30 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

US oil and gas production is having a record year. US oil production reached an all-time high of 13.2 million barrels a day last month and has remained that high since. US natural gas production is also set a record-high this year, and show no indications of slowing. The numbers poke a hole in arguments made by Republicans who claim Biden administration policies have thwarted US energy production. Still, Hare said: "It's clear that the Biden administration is not running a war against fossil fuels, or if it is, it's a very unsuccessful war."

Persons: Biden, Joe Biden, Donald Trump, Reed Olmstead, Bill Hare, Hare Organizations: Service, Republicans, Politico, Trump, P, Commodity, Analytics, Associated Press Locations: Biden's

☆ Layoffs keep hitting Amazon, Netflix, Warner Bros. Discovery, and more entertainment companies — here's the list of those with recent cuts
▼ + stars: | 2023-11-16 | by ( Lucia Moses | Alison Brower | ) www.businessinsider.com time to read: +7 min

"Netflix missed their numbers, and Wall Street woke up," said Paul Hardart, director of NYU Stern's entertainment, media and technology program. A wide range of companies and employees were impacted, from entertainment giants to independent production companies to Hollywood talent agencies. More consolidation among the legacy media companies and independent production companies is widely expected, which often entails job cuts. Entertainment companies will get back to staffing up, but the jobs will be in stronger growth areas like gaming, streaming, and advertising, more than in filmed entertainment programming. Here are the Hollywood companies, listed alphabetically, that have made layoffs since the summer.

Persons: Paul Hardart, Bob Iger, Joanna Sucherman, Fox, Priyanka Chopra Jonas, Nadia Sinh, Companywide, Rami Malek, Mr, Dawn Olmstead, Heather McCauley, YANNIS DRAKOULIDIS, Oscar, Severance, Roku, Alison Levin, NBCUniversal, Curtis Brown, James, Jennifer Coolidge Organizations: Netflix, Disney, Business, US Bureau of Labor Statistics, NYU, Warner Bros, NBC, JLS Media, Entertainment, Hollywood, Amazon Studios, Studios, Talent, Variety, CAA, ICM Partners, DreamWorks Animation, Apple, NETFLIX, Nasdaq, TechCrunch, Starz, CNBC, Lionsgate, LIonsgate, UTA, Hollywood Reporter, Fletcher & Company, Co, HBO Locations: Hollywood, Australia

☆ 11 of the most faked foods in the world
▼ + stars: | 2023-09-05 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Fraudulent foods cost legitimate producers and pose a risk to consumers, to the tune of $40 billion. Some highly prized products – like honey or caviar – are too rare or expensive to meet global demand. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "The sort of least end of it you're getting ripped off, at the worst end you're literally getting poisoned." Here are 11 of the most faked food products, and how to spot the real thing.

Persons: Larry Olmstead Organizations: Service Locations: Wall, Silicon

☆ Tucker Carlson Out at Fox News: A Look at His Career
▼ + stars: | 2023-04-25 | by ( Todd Olmstead | ) www.wsj.com time to read: 1 min

Fox News on Monday said Tucker Carlson, its highest-rated prime-time host, is leaving the network. His last show was Friday. Last week Fox News parent Fox Corp. agreed to pay $787.5 million to settle its legal battle with Dominion Voting Systems just before the start of a trial over defamation allegations. Mr. Carlson had been expected to testify during the trial.

☆ The End of Netflix's DVD Service: a Look Back at the Red-Envelope Era
▼ + stars: | 2023-04-19 | by ( Todd Olmstead | Dave Cole | ) www.wsj.com time to read: 1 min

Mailed DVDs “paved the way for the shift to streaming,” Netflix co-CEO Ted Sarandos said in a blog post announcing the end of the DVD service, citing the range of titles offered and the ability to binge watch. The company reported $145.7 million in revenue from DVDs in 2022, down 20% from the year before. Jordan Strauss/Invision/Associated Press

☆ Business Disruptions Wane as Some Industries See a Return to Normal
▼ + stars: | 2022-12-31 | by ( Todd Olmstead | ) www.wsj.com time to read: 1 min

After more than two years of pandemic-related upheaval, businesses in many corners of the economy are seeing their Covid disruptions recede. Supply-chain disruptions have eased. A lack of semiconductors has flipped to a glut, marking a sharp turnaround from a global shortage during two years of supercharged demand. And small businesses and restaurants are finding it easier to hire workers, although pizza-delivery drivers are in short supply after being busy during the pandemic.

☆ Twitter Purchased by Elon Musk: A Timeline of How It Went Down
▼ + stars: | 2022-10-28 | by ( Todd Olmstead | ) www.wsj.com time to read: 1 min

June 6Mr. Musk threatens to walk away from the deal in a letter from his lawyer accusing Twitter of not complying with his request for data on the number of spam and fake accounts on the social-media platform. Patrick Pleul/Getty Images

☆ Logitech's quarterly sales down 12%, CFO to depart
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +2 min

Logitech mouses are seen in the computer shop in Zenica, Bosnia and Herzegovina October 20, 2020. The maker of keyboards, mice and headsets posted a 12% decline in sales at $1.15 billion in the three months ended Sept. 30. In constant currencies, which removes the impact of exchange rate swings, sales was down 7%. Register now for FREE unlimited access to Reuters.com RegisterNon-GAAP operating income plunged 26% to $156 million in the period, the second quarter of Logitech's financial year. Register now for FREE unlimited access to Reuters.com RegisterReporting by John Revill and Juby Babu; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Logitech's quarterly sales down 12% to $1.15 bln
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: 1 min

Logitech mouses are seen in the computer shop in Zenica, Bosnia and Herzegovina October 20, 2020. The maker of keyboards, mice and headsets posted a 12% decline in sales at $1.15 billion in the three months ended Sept. 30. In constant currencies, which removes the impact of exchange rate swings, sales was down 7%. Logitech also said its chief financial officer, Nate Olmstead, will be leaving the company. Register now for FREE unlimited access to Reuters.com RegisterReporting by John Revill and Juby Babu; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Netflix With Ads Launches at $6.99 a Month. Here’s How the Pricing Stacks Up.
▼ + stars: | 2022-10-14 | by ( Todd Olmstead | ) www.wsj.com time to read: 1 min

Netflix, which streams the show ‘Derry Girls,’ said existing users would remain in their current plan, unless they change it. Netflix will launch its new ad-supported tier in November and charge $6.99 a month for the service, the company said Thursday, as it tries to attract new customers and improve its average revenue per user. The streaming giant said the new tier, called “Basic With Ads,” would initially be available in 12 countries including the U.S., U.K., Canada, Australia, Germany, Japan and Brazil, though it plans to roll out the service more broadly over time. Existing users would remain in their current plan, unless they change it, Netflix said.

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