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☆ Russian jeweller Sokolov pivoting to China with Moscow IPO in pipeline
▼ + stars: | 2022-11-29 | by ( Olga Popova | ) www.reuters.com time to read: +2 min

Amid a wave of Russian initial public offerings (IPO) last year, Sokolov said it wanted to list in New York and Moscow in 2023. But Russia sending tens of thousands of troops into Ukraine in February led many companies to reassess IPO plans. The strategic objective is to bring the company into the public arena," Sokolov said. At least 10 companies had been looking to go public in 2022 before Russia's IPO market stalled, but signs of life may be re-emerging. "We want to become a prominent player in the local market within three to five years," Sokolov said.

☆ Elon Musk slams Tesla founder Martin Eberhard in response to a tweet about the company's origin: he 'could have risked his money, but was unwilling to do so'
▼ + stars: | 2022-11-28 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Eberhard told Insider Musk's comments on Tesla's history were "typical" of the billionaire. "Not one sentence of that tweet is true," Eberhard told Insider. In 2009, Eberhard sued Musk, alleging libel and slander because Musk started calling himself Tesla's founder. "I was thinking that I should do what every guy does and buy a sports car," Eberhard told Insider in 2014. Eberhard told Baer it was the first time he butted heads with Musk.

☆ Elon Musk slams Tesla founder Martin Eberhard in response to a tweet about the company's origin: He 'could have risked his money, but was unwilling to do so'
▼ + stars: | 2022-11-28 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Eberhard once sued Musk, alleging libel because Musk said he's a Tesla founder. Eberhard told Insider that Musk's comments on Tesla's history were "typical" of the billionaire. "Not one sentence of that tweet is true," Eberhard told Insider. In 2009, Eberhard sued Musk, alleging libel and slander because Musk started calling himself Tesla's founder. "I was thinking that I should do what every guy does and buy a sports car," Eberhard told Insider in 2014.

☆ Stocks making the biggest moves in the premarket: Apple, Taboola, Biogen and more
▼ + stars: | 2022-11-28 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

A person familiar with assembly operations told Bloomberg that Apple and Foxconn do expect to be able to make up that shortfall in 2023. Apple slid 1.7% in premarket trading. Wynn Resorts (WYNN), MGM Resorts (MGM), Melco Resorts (MLCO), Las Vegas Sands (LVS) – Casino stocks rallied in off-hours trading after the Chinese government granted the companies provisional licenses to continue operating in Macau. Exxon Mobil (XOM), Chevron (CVX) – These and other energy stocks fell in the premarket as WTI Crude touches its lowest level in 11 months. First Solar (FSLR) – The solar company's stock fell 2.6% in the premarket following a downgrade by J.P. Morgan to "neutral" from "overweight."

☆ Big Pharma will muscle in on obesity gold rush
▼ + stars: | 2022-11-28 | by ( Aimee Donnellan | ) www.reuters.com time to read: +4 min

LONDON, Nov 28 (Reuters Breakingviews) - Obesity drugs are a modern day gold rush for drugmakers. By then, the obesity market could total $50 billion, according to Morgan Stanley. But a plausible 50% price cut would lower annual sales to $25 billion. Reuters GraphicsFollow @aimeedonnellan on TwitterCONTEXT NEWSSales of Novo Nordisk’s obesity drugs Wegovy and Saxenda reached nearly $1.2 billion in 2021, up 50% versus the previous year. Morgan Stanley analysts expect the obesity market to grow to $50 billion in annual sales by 2030.

☆ Another tech bubble bursts: 2022 has been brutal for Silicon Valley workers
▼ + stars: | 2022-11-27 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +28 min

Gem: 100A maker of recruiting software, the startup cut a third of its workforce Nov. 1, The Information reported. HealthCare.com: 149The health insurance marketplace announced the job cuts Aug. 3, Miami Inno reported, citing state regulatory filings. Fabric: 120The robotics startup said July 13 that it was layoffing off 40% of them, TechCrunch reported, citing company confirmation. It affected about 300 people, the Silicon Valley Business Journal reported, citing company confirmation. Policygenius: 170The online insurance company cut about 25% of its staff, Axios reported June 6, citing company confirmation.

☆ Colombia's Grupo Aval posts 23.2% decrease in Q3 net profit
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +1 min

Nov 16 (Reuters) - Colombian financial conglomerate Grupo Aval (GAA.CN) reported third quarter net profit down 23.2% from a year earlier on Wednesday, landing at 929.8 billion pesos ($193.4 million), citing a higher effective tax rate and increased costs. The conglomerate's portfolio includes Colombian banks Banco de Bogota (BBO.CN), Banco Popular (BPO.CN), Banco AV Villas (VLL.CN) and Banco de Occidente (BOC.CN). The central bank of Latin America's fourth-largest economy has raised its benchmark interest rate to 11% - its highest level in 21 years - in continued efforts to respond to rising inflation. Grupo Aval, controlled by business magnate Luis Carlos Sarmiento, said its consolidated portfolio grew 16.5% during the quarter compared to 3Q21. (1 dollar = 4,806.07 Colombian pesos at end-September)Reporting by Aida Pelaez Fernandez and Carolina Pulice, Writing by Kylie Madry; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

☆ India's Tata to open 20 'beauty tech' outlets, in talks with foreign brands
▼ + stars: | 2022-11-16 | by ( Aditya Kalra | ) www.reuters.com time to read: +7 min

Tata is in talks with more than two dozen companies to supply exclusive products to the new stores, according to the person familiar with the strategy, who did not name specific brands. Tata declined to comment on its planned beauty stores and the contents of the document seen by Reuters. The store opening plans, still under wraps, follow the recent launch of Tata's beauty shopping app, called Tata CLiQ Palette. The stores will have a bright red facade showing Tata CLiQ Palette branding, with 70% of the products inside being skincare and make up, according to the Tata document. The new stores should drive "sales across channels as a leading Beauty Tech destination for Gen Z & Millennials," the Tata document says.

☆ An Amazon seller who brings in over $42,000 per month in revenue says '20% of my products do 80% of the sales.' She explains how to pick a good product to sell online.
▼ + stars: | 2022-11-15 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Amazon seller Shan Shan Fu sorts through specific metrics when choosing a product. "I needed to find a sustainable second product," Fu told Insider. While selling face masks may have been a stroke of luck, Fu didn't simply get lucky with her current products. Courtesy of Shan Shan FuShe also uses Helium 10 to look at how much revenue competing products are doing. Of her 20 products, she'll take the top four to five and launch them on Amazon Prime.

☆ How Recurrent Ventures went from media darling to another publisher hit by layoffs and struggles
▼ + stars: | 2022-11-15 | by ( Steven Perlberg | ) www.businessinsider.com time to read: +14 min

Recurrent Ventures made a digital-media splash with acquisitions like The Drive and Popular Science. In May of last year, Recurrent Ventures announced its flashiest deal yet: a $300 million fundraising round led by the private-equity giant Blackstone. To make a more appealing parent brand to house a growing fleet of media properties, they eventually created a new entity called Recurrent Ventures. Recurrent Ventures expanded as it acquired well-known publishers like the 150-year-old Popular Science. Recurrent Ventures shut down MEL Magazine, the men's lifestyle publication it once planned to make the centerpiece of a new lifestyle vertical of sites.

The comments follow a softer-than-expected inflation report last week, which had buoyed hopes that price pressures were easing and the Fed could scale back its hefty interest rate hikes. "The market is expecting the Fed to continue its hawkish rhetoric on rates," said Peter Cardillo, chief market economist at Spartan Capital Securities. Once they (Fed) raise rates at 50 (bps), there's a possibility that they might indicate slower rates." Traders now expect the Fed to hike interest rates in December by a half point, and expect terminal rate in the range of 4.75%-5.0% next year. ET, Dow e-minis were down 50 points, or 0.15%, S&P 500 e-minis were down 11.5 points, or 0.29%, and Nasdaq 100 e-minis were down 62 points, or 0.52%.

☆ Fact Check-No evidence Diane Abbott tweeted ‘you treat migrants like rapists then they are going to behave like rapists’
▼ + stars: | 2022-11-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

However, there is no evidence the tweet exists, and Abbott told Reuters she did not write such a tweet. However, Abbott told Reuters via email that she “did not post the follow-up tweet”. There is also no evidence the alleged tweet in the screenshot exists, nor that it was posted and then later deleted. For example, her legitimate tweet about the alleged rape at the hotel was covered here, here and here. Diane Abbott told Reuters she did not post the follow-up tweet from the screenshot and there is no evidence it ever existed.

☆ How anyone can get a cut of the $1.2T vacation rental market with reAlpha
▼ + stars: | 2022-11-10 | by ( Sponsor Post | Created Realpha With Insider Studios | ) www.businessinsider.com time to read: +9 min

And anyone can invest as they disrupt the $1.2 trillion short-term rental market. Now reAlpha is doing it for the $1.2 trillion short-term rental industry — and the timing couldn't be better. Why reAlpha targets the vacation rental marketreAlpha is targeting the vacation rental market because it's outperforming the rest of the real estate sector, and isn't slowing down. reAlpha makes short-term rental investing easyWhile many aspiring property investors are looking to get in on the $1.2 trillion short-term rental market, they're faced with roadblock after roadblock. Not only is reAlpha targeting the fast-growing vacation rental market, but they're using AI to take the opportunity to the next level.

☆ How to start an e-commerce business with less than $2,000 upfront, according to a 34-year-old entrepreneur who does up to $42,000 a month in Amazon sales
▼ + stars: | 2022-11-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Fu believes that anyone can start a successful e-commerce business with less than $2,000 upfront. The 34-year-old entrepreneur believes that anyone can build a profitable e-commerce business with less than $2,000 upfront. Watch 200 educational e-commerce YouTube videosThis is exactly how Fu learned the ins and outs of running an e-commerce business. At this point, you've learned the basics of running an e-commerce business and have made sales on Poshmark and Etsy. Starting an e-commerce business as a side hustle is probably the most risk-averse way to do it, she said.

☆ Pandora braces for recession despite resilient demand
▼ + stars: | 2022-11-08 | by ( Nikolaj Skydsgaard | ) www.reuters.com time to read: +2 min

REUTERS/Andrew KellySummarySummary Companies Third-quarter sales slightly above expectationsCompany maintains guidanceNo signs of weakening demand yetShares up 6.5%COPENHAGEN, Nov 8 (Reuters) - Danish jewellery maker Pandora (PNDORA.CO) reported third-quarter sales just above expectations on Tuesday and said it is braced for recession even though shopper demand has proven resilient in the face of soaring living costs. "Despite macroeconomic and geopolitical uncertainty, the shopping patterns of our consumers are so far largely unchanged," Chief Executive Alexander Lacik said in a statement. Pandora still expects full-year organic growth between 4% and 6% and reaffirmed an outlook for an operating profit margin at 25-25.5%. The company reported third-quarter sales of 5.26 billion Danish crowns ($712.64 million), slightly above an average of 5.16 billion crowns expected by analysts in a poll by the company. Pandora also announced it would pay a total of 5.3 billion crowns to its shareholders this year, equating to about 13% of its market capitalisation.

Side gigs don't have to eat up your family time; these jobs take just 10 hours or less. If you have 1,000 followers on social media, you may be a "nanoinfluencer" ripe for paid posts. That's why we found three side jobs that can earn you $1,000, working 10 hours per week or less. Content creatorYou don't need to have a ton of followers to cash in on the content creator train. In the age of digital media, brands need user-generated content (UGC) that looks natural and organic.

Delta Amex credit card increased offersAmex Delta credit cards give you the ability to use Delta miles in a way that non-cardholders can't. However, Insider estimates that Delta miles are worth 1.1 cents each, on average, when booking award flights. And if you know the best ways to use Delta miles, you can get significantly more value. The card's main draw is the ability to earn Delta miles on every purchase: 2x miles on Delta purchases, at restaurants worldwide, and on takeout and delivery in the US, and 1 mile per dollar on everything else. That's double the miles of the previous card bonus, which was 50,000 bonus miles and 10,000 MQMs after meeting minimum spending requirements.

☆ Louisiana Amendment 7: Voters will decide on a confusing change to the state's constitution over slavery and indentured servitude
▼ + stars: | 2022-11-06 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +2 min

Louisiana Amendment 7 would ban slavery in the state's constitution, but confusion abounds. The amendment would allow involuntary servitude in the "lawful administration of criminal justice." Ballot measure detailsKnown as the Remove Involuntary Servitude as Punishment for a Crime from Constitution Measure, Louisiana Amendment 7 would eliminate the language in the state constitution that establishes involuntary servitude as punishment. It would, in turn, include language that bars slavery and involuntary servitude except in the case of "lawful administration of criminal justice." The Council for a Better Louisiana opposes the measure, according to the New Orleans outlet.

☆ China to host press conference on targeted COVID prevention on Nov 5
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Nov 4 (Reuters) - China health authorities will host a press conference on targeted COVID-19 prevention on Nov. 5 at 3 pm (0700 GMT), according to an official notice. Experts and officials from China's National Bureau of Disease Control and Prevention will attend the meeting, according to the notice published on China.com.cn, where China releases official press conference schedules. Reporting by Beijing Newsroom; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ VIEW Bank of Canada surprises with smaller-than-expected interest rate increase
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +5 min

The central bank, in a regular decision, increased its policy rate to 3.75% from 3.25% and has now lifted rates by 350-bp since March. JIMMY JEAN, CHIEF ECONOMIST, DESJARDINS GROUP"It's surprising to see the Bank of Canada going against market and consensus expectations on the dovish side. But I think it says that they're now moving to that place where they're going to acknowledge the impact that they're already seeing. I think it was a close call between 50 and 75 (bps rate hike). Clearly, the Bank of Canada believes it's getting close to the so called terminal rate and I think they wanted to leave a few more options open."

☆ Fact Check-U.S. elections: What we know about a new Massachusetts law that allows undocumented migrants to get a driver's license
▼ + stars: | 2022-10-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +10 min

A law set to go into effect in 2023 in Massachusetts would enable immigrants with non-legal status to obtain a driver’s license. The bill would eliminate a restriction that says a driver’s license cannot be issued unless a person has lawful presence in the United States. “This bill [HB 4805] also fails to include any measures to distinguish standard Massachusetts driver’s licenses issued to persons who demonstrate lawful presence from those who do not. Cecilia Calabrese, a Republican candidate for Massachusetts State Senate, wrote on Twitter: “Because in Massachusetts when you get a Driver’s License you are AUTOMATICALLY registered to vote! Unlawful voter registration and unlawful voting are both deportable offenses (see “falsely claiming citizenship” and “unlawful voters”) (here).

☆ Protesters delay opening of Barcelona real estate fair
▼ + stars: | 2022-10-19 | by ( Nacho Doce | ) www.reuters.com time to read: +2 min

Riot police remove an activist amid a protest at The District real estate fair in Barcelona denouncing the housing crisis and evictions, in Barcelona, Spain, October 19, 2022. REUTERS/Nacho DoceBARCELONA, Oct 19 (Reuters) - Hundreds of activists delayed the opening of an international real estate fair in the northeastern Spanish city of Barcelona on Wednesday as they protested against what they called a hotbed of speculation exacerbating a widening cost of living crisis. Dozens burst into the fairgrounds, chanting slogans and preventing the opening ceremony from taking place before being removed by police. Others gathered outside the building, where they lobbed paint at some of the arriving attendees, Reuters journalists said. The activists held up a banner that read "Let's defend life, let's stop The District" and "Speculators, get out of our neighbourhoods".

☆ Fact Check-Fabricated CBC News headline says Canadian health authorities are advising parents to create vaccinated ‘trick-or-treat' groups during Halloween
▼ + stars: | 2022-10-17 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

An image containing a fabricated headline has circulated online purporting to show a report published by Canadian outlet CBC News that Health Canada that advises parents to check the vaccination status of their children’s friends ahead of Halloween. A Google advanced search does not reveal the supposed article (archive.ph/wip/P23GO). A Twitter advanced search via CBC News’ Twitter account does not reveal any related post (archive.ph/wip/Kw1yZ). Meanwhile, a spokesperson for Health Canada and Public Health Agency of Canada told Reuters: “This post is a fabrication and conveys misinformation.”Current Canadian government press releases can be viewed (www.canada.ca/en/news.html) while specific COVID-19 announcements are viewable (here). CBC News did not publish a headline claiming that the Canadian health authority is urging parents to create vaccinated trick-or-treat groups during Halloween festivities.

☆ I’ve been following a woman around the internet. Turns out she was created by artificial intelligence.
▼ + stars: | 2022-10-16 | by ( Evan Ratliff | ) www.businessinsider.com time to read: +31 min

Even in their first efforts, the GAN images were quickly on par with those made by any other, less intelligent software. You can find the results on the Generated Photos site, where you can filter by ethnicity, age, sex, eye color, and other attributes. Generated Photos' GANs tend to match conventional beauty standards, a product of the models that have been fed to the software. I'm not sure anyone would be surprised to find fake images accompanying testimonials on an Estonian bitcoin exchange or an online CBD seller. Are they real people deploying fake images, or fake people deploying fake images?

☆ Buyer beware: Some Amazon Prime Day deals may not be what they seem, according to a new study
▼ + stars: | 2022-10-11 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

A new study warns that Amazon deals might be price hikes in disguise. When you consider vacuum cleaners, for example, the addition of a list price was accompanied by a price hike 22% of the time. One day, a "List Price" of $300 pops up on the page with a slash through it. List prices are based on amounts Amazon customers recently paid and other retailers recently charged, Amazon said. Still, the study's authors warned that consumers shouldn't always take Amazon deals at face value.

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