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☆ Missed Nvidia? Fund manager says this under-the-radar network stock is set for an AI boost
▼ + stars: | 2023-10-30 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

One firm that's perhaps lesser known stands out to portfolio manager Sanjay Ayer, however: Arista Networks — the U.S. cloud-computing and networking equipment company. The social media giant's cautious guidance put pressure on Arista's shares, but the stock remains up around 40% year-to-date. But he added: "Arista is embedded at these companies. They're not [just] an outsourced manufacturer or hardware product provider – they're [also] a research and development partner and they are helping to shape the roadmaps of these companies' networking needs." For Ayer, the company's "customer-centric culture," where its network operators are all trained software engineers, makes it a good investment.

Persons: Sanjay Ayer, Ayer, —, They're Organizations: Nvidia, Baidu, Arista Networks, Arista, U.S, WCM Investment Management, CNBC Pro, Meta, Cisco, Juniper, Microsoft, Ayer, Equity Fund Locations: U.S, Ayer

☆ Lenovo is more than just PCs. Here's how they're focusing on sustainable and AI-focused solutions for customers.
▼ + stars: | 2023-10-30 | by ( Sponsor Post | Created Lenovo With Insider Studios | ) www.businessinsider.com time to read: +6 min

Lenovo still builds industry-leading devices, but these are seamlessly integrated with infrastructure, solutions, and services. By combining industry-leading, customer-centric intelligent devices with services such as consultancy, installation, operations, maintenance, and solutions, Lenovo is a trusted partner that turns vision into value across industries. Lenovo was an early mover, leveraging its TruScale Infrastructure Brand to launch the TruScale EaaS platform in 2021. Focusing on AIAt the heart of Lenovo's transformation is an unyielding commitment to Research and Development (R&D). As a global technology powerhouse, Lenovo is showing us that a PC company can be so much more.

Persons: ThinkReality VRX, they're, They're Organizations: Lenovo, Intelligence, Brand, Research, - Intelligence, Insider Studios

☆ Leak: Elon Musk said he wants X to be a dating app, too, in an all-hands meeting on the anniversary of his Twitter takeover
▼ + stars: | 2023-10-27 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

A year into owning X, Elon Musk is still coming up with unexpected ideas for what he wants the platform to be. During the call, Musk attempted to take a tone of excitement for what X will look like over the next year, the people present said. X will in 2024 be a "fully fledged" dating site, he insisted, as well as a digital bank. Insider previously reported on Musk's push for live video at X and his aspirations to turn the platform into a video-centric "media channel." Despite Musk's attempt during the meeting to boost the future of X, its remaining employees are not convinced.

Persons: Elon Musk, Musk, Linda Yaccarino Organizations: Twitter, Fortune, YouTube Locations: New Zealand, Philippines, Iowa, Mississippi

☆ Taylor Swift helps fuel Universal Music Group's third-quarter revenue
▼ + stars: | 2023-10-26 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +3 min

[1/2] Universal Music Group logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 26 (Reuters) - Cultural phenomenon Taylor Swift helped fuel revenue at Universal Music Group (UMG.AS) in the third quarter, the world's largest record label said on Thursday. Universal Music and a number of its artists also partnered with YouTube on a Music AI Incubator, to explore how to use the technology to enhance artist creativity. EBITDA for the quarter fell 11.3% to 478 million euros, reflecting the impact of non-cash share-based compensation expenses of 103 million euros during the quarter. Revenue from music publishing rose 17.5% to 491 million euros, while merchandise sales increased 20.1% to 227 million euros.

Persons: Dado Ruvic, Taylor Swift, Swift, Lucian Grainge, Grainge, we're, Morgan Wallen, Olivia Rodrigo, King, Prince, Dawn Chmielewski, Chizu Nomiyama, Jonathan Oatis Organizations: Universal, REUTERS, Universal Music, YouTube, Revenue, Thomson Locations: Los Angeles

☆ Inflation is cooling, but the price hikes aren’t done
▼ + stars: | 2023-10-25 | by ( Lucy Bayly | Alicia Wallace | ) edition.cnn.com time to read: +8 min

Inflation in the United States has unquestionably cooled after hitting 40-year highs last year. Other key inflation gauges, the more comprehensive Personal Consumption Expenditures price index and the wholesale-focused Producer Price Index, have moderated as well. A spike in gas prices and other components such as persistently high shelter costs have kept inflation elevated. The locally owned Walnut Group restaurant company closed its venerable Mediterranean Restaurant (fondly called The Med), the French bistro Brasserie Ten Ten and the newer Italian entrant Via Perla. Courtesy Tim Romano PhotographyAlthough Brasserie Ten Ten had a nearly two-decade run before its closure, it was like starting a brand new restaurant, Hessel said.

Persons: Marlon Pando, White Lotus, Tony Hessel, he’s, Jerome Powell, Brandon Bell, —, ”, Lydia Boussour, United States —, Pando, “, Price, Frederic J . Brown, Mark Zandi, Chase Castor, hadn’t, Holly Wade, Peggy Romano, Romano, Brasserie, Tim Romano, Hessel, ” Hessel, you’ve, it’s Organizations: Minneapolis CNN —, Disney, Mexican Grill, White, Getty, Moody’s, National Federation of Independent, Washington Post, NFIB Research, shocker, Walnut Group, Via Perla Locations: Minneapolis, New Jersey, Boulder , Colorado, United States, Mexican, Austin , Texas, Alhambra , California, AFP, Marion , Kansas, —, Walnut

☆ Five TV Treats for Halloween
▼ + stars: | 2023-10-25 | by ( Mike Hale | More About Mike Hale | ) www.nytimes.com time to read: +1 min

‘Creepshow’Now in its fourth season on the horror-centric streaming service Shudder (as well as AMC+), this anthology series wears its comic-book sensibility and B-movie aesthetic proudly. And the best of its 22-minute stories (two per episode) also exhibit the cleverness and industriousness that contribute to real pop-culture satisfaction. You’ll see the first twist coming, but the second and the third may take you by surprise. In “George Romero in 3-D,” Romero comes back to life in animated form to battle ghouls of his own creation. King and Romero were, of course, the writer and director of the 1982 film “Creepshow” from which the series was spun off.

Persons: ‘, You’ll, “, Stephen King, “ George Romero, ” Romero, King, Romero, Usher ’ Mike Flanagan’s, Edgar Allan Poe’s, Usher, ” Organizations: AMC, Netflix Locations: Red, homburg

☆ Big Tech said return to the office. She had another solution
▼ + stars: | 2023-10-24 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +10 min

New York CNN —Big Tech has given workers an ultimatum: Come back to the office, or find a new job. However, the program risked letting all employees work from home or any other remote location. Intentional office gatheringsAhead of instituting Flex Forward, Autodesk was “rethinking our office footprint,” Blum said. For instance, Autodesk closed its San Rafael, California, office; consolidated it with the San Francisco headquarters; and started subleasing some of its office space. But, increasingly, the talent acquisition team is seeing more candidates apply for openings because they view Autodesk as “that remote company,” Pearce added.

Persons: Elon Musk, Mark Zuckerberg, Rebecca Pearce, Pearce, “ I’m, ” Pearce, ”, Steve Blum, Autodesk’s, it’s, ” Musk, Jamie Dimon, Michael Nagle, —, “, doesn’t, Andy Jassy, Jassy, don’t, ’ ”, ” Blum, Blum Organizations: New, New York CNN, Big Tech, Autodesk, Flex, CNN, Autodesk Inc, ”, Meta, JPMorgan, Bloomberg, Getty, ” Autodesk, La Nacion, “, San, Employees Locations: New York, Cornwall, England, North America, Autodesk’s Portland , Oregon, Portland , Oregon, La, Rafael , California, San Francisco, cubicles, Autodesk's Portland , Oregon

☆ How to choose the right 5G infrastructure provider for your business
▼ + stars: | 2023-10-24 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +4 min

But finding the right infrastructure provider to support your organization can be tricky. But how can you separate the wheat from the chaff and pick the right infrastructure provider for you? "First and foremost, when selecting your 5G infrastructure provider, evaluate the longevity and reliability of their solutions," Vance Tran, a cofounder of the tech-advisory website Pointer Clicker, said. "For enterprise-centric private 5G deployments, it is essential to choose a provider that has considered the nuances of the enterprise world," Parm Sandhu, the vice president of enterprise 5G products and services at NTT Ltd, said. "That means the private 5G must be an extension of the existing LAN."

Persons: —, Fabio Giust, Giust, Vance Tran, Pointer Clicker, Parm Sandhu, Sandhu, downscaling, Alan Jones, you've Organizations: Service, 3GPP, NIST Secure Software, NIST, NTT Ltd Locations: Ireland

☆ High rates are historically bad for bitcoin. Here’s what’s in store for crypto with the 10-year near 5%
▼ + stars: | 2023-10-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

High interest rates have not been bitcoin's friend in the past, and the benchmark 10-year U.S. Treasury yield recently reaching new generational highs comes at an especially inconvenient time for the cryptocurrency. "We continue to see high yields as a negative for bitcoin and in particular crypto more broadly," said Needham analyst John Todaro. The central bank chief also left the door open for higher interest rates , saying he doesn't think levels are currently too high. In the past, high yields have put pressure on crypto, giving investors fewer reasons to bet on high-risk assets such as bitcoin in the face of high yield, low risk assets like government bonds. Callie Cox, an analyst at the investment company eToro, said bitcoin could actually continue to do well — partly as a result of high interest rates.

Persons: it's, Needham, John Todaro, Jerome Powell, Rob Ginsberg, Ginsberg, Callie Cox, bitcoin, What's, Crypto, Cox Organizations: Treasury, Wolfe Research

☆ The marketing failure that's going to kill us all
▼ + stars: | 2023-10-19 | by ( Jake Safane | ) www.businessinsider.com time to read: +12 min

A good example of bad climate marketing comes from the Irish budget airline Ryanair. Carbon offsets involve contributing money to a project that will help avoid, reduce, or remove carbon emissions from the atmosphere, such as planting trees or building wind farms. Some of the most successful corporate efforts at climate marketing place more emphasis on consumers' personal concerns. According to the International Energy Agency, global carbon emissions reached a record high last year. The more you focus on what everyday people care about, Berger said, the more effective your marketing campaign will be.

Persons: they've, —, Jonah Berger, that's, Jonathan Ernst, Biden, Jenna DiPaolo, DiPaolo, John Oliver, Oliver, Ben Forman, Ryanair, Forman, " Forman, Tesla, " Berger, Berger, Jake Safane Organizations: Keystone XL, Pew Research, Wharton School, University of Pennsylvania, REUTERS, National Petroleum Reserve, Greenpeace, Wildlife, Ryanair, International Monetary Fund, International Energy Agency, United Nations Locations: Canada, Alaska, Greenpeace USA, Ireland, Phoenix

☆ Businessman Noboa to face economic, security hurdles as Ecuador president
▼ + stars: | 2023-10-16 | by ( Alexandra Valencia | ) www.reuters.com time to read: +4 min

"We do not anticipate the Noboa administration will be in the position to carry out deep structural reforms." Noboa is set to take office in December and complete the current administration's term through May 2025. Noboa will need to ensure some quick security wins during his first 90 days in office to appease social and political pressures, JPMorgan added. Noboa, Ecuador's youngest president in recent history, would be able to run again in the regularly scheduled 2025 contest. Noboa made a special point to woo young people, with some supporters touting his victory as a fresh start for the country's politics.

Persons: Daniel Noboa, Noboa, Luisa Gonzalez, Rafael Correa, Ecuadorean, Goldman Sachs, Fernando Villavicencio, Alvaro, Guillermo Lasso, Lasso, Alexandra Valencia, Rodrigo Campos, Julia Symmes Cobb, Gerry Doyle, Jonathan Oatis Organizations: Wall Street, JPMorgan, El, National Democratic Action, Thomson Locations: QUITO, American, Ecuador, Quito, Ecuador's

☆ Onboarding is crucial for small-business employee retention and satisfaction — here are 3 ways to support hires from day one
▼ + stars: | 2023-10-12 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +5 min

Two founders share how to set up an onboarding process for success and retention. The human-resources firm Red Clover's onboarding process lasts 90 days. A poor onboarding process can leave employees feeling undertrained and undervalued, and some may quit as a result. Here are three ways to ensure your onboarding process is set up for employee success and retention. Since making onboarding more employee-centric, the company's retention rate has increased 70%, and everyone it's hired has shown up for their second day, Webster said.

Persons: —, Jen L'Estrange, L'Estrange, onboarding, Amanda Webster, Webster, that's, it's, Red Clover, they're, Clover Organizations: Service, Fund, —, they'll Locations: New Jersey, Florida

☆ Walgreens Boots Alliance names Tim Wentworth new CEO
▼ + stars: | 2023-10-11 | by ( Rob Mclean | ) edition.cnn.com time to read: +1 min

New York CNN —Walgreens Boots Alliance said Tuesday that it has named Tim Wentworth its new CEO. Wentworth will begin the position on October 23, according to a news release, and will also join the WBA board of directors. We are confident he is the right person to lead WBA’s next phase of growth into a customer-centric healthcare company.”In September, former WBA CEO Rosalind Brewer stepped down less than three years after taking the helm of the pharmacy chain. Brewer also immediately stepped down as a member of the company’s board. Walgreens’ board named Ginger Graham, a member of the board, as interim CEO.

Persons: Tim Wentworth, Wentworth, “, ” Wentworth, Evernorth, Stefano Pessina, Wentworth “, Rosalind Brewer, Brewer, Ginger Graham Organizations: New, New York CNN, Walgreens Boots Alliance, WBA, Board, Express, Human, ”, Fortune, Walgreens Locations: New York

☆ Opening iconic New York City streets to pedestrians meant an extra $3 million in spending last year — and helped save local businesses during the pandemic
▼ + stars: | 2023-10-11 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +6 min

Last year, New York City opened Fifth Avenue as a pedestrian street on December weekends. During the 2022 holiday season, New York City Mayor Eric Adams turned an 11-block stretch of the iconic Fifth Avenue into an "open street" for three weekends in December. This is just the latest example highlighting New York City's efforts to pedestrianize busy corridors. At the same time, Open Streets saw the number of businesses on them grow by 10%, while non-pedestrianized streets saw a 20% decrease in the number of businesses. However, there are downsides to Open Streets in New York City.

Persons: —, Eric Adams, Adams, That's, he's, Ting Liu, Tom Harris Organizations: New York City, Service, Mastercard, New, Office of Technology, Innovation, Bloomberg Associates, Times, Times Square Alliance, Columbia University Mailman School of Public Health Locations: New York, Midtown, New, —, Astoria, Queens, New York City

☆ The fashion show that changed hip-hop forever
▼ + stars: | 2023-10-10 | by ( Sowmya Krishnamurthy | ) edition.cnn.com time to read: +8 min

CNN —Chanel’s 1991 Fall-Winter ready-to-wear show was set in Paris, but its soul was right off the streets of New York City. “He listens to everything, reads everything, sees everything, and then distills it into these potent fashion images.”Linda Evangelista and Karl Lagerfeld (center) walk the runway during the finale of Chanel's 1991 Fall-Winter fashion show in Paris, France. Victor Virgile/Gamma-Rapho/Getty ImagesWhat would become known colloquially as Chanel’s “hip-hop collection” was a watershed moment, the pinnacle of French prêt-à-porter (ready-to-wear) welcoming hip-hop into its sanctum. It’s unclear whether Mizrahi and the like appreciated hip-hop or saw it as a grab for cache and cash. Editor’s Note: This piece is excerpted from Sowmya Krishnamurthy’s “FASHION KILLA: How Hip-Hop Revolutionized High Fashion,” published by Gallery Books, a subsidiary of Simon & Schuster.

Persons: CNN —, Nancy Sinatra’s “, Rocky, Sylvester Stallone, Dolph Lundgren, gazed, Karen Mulder, Helena Christensen, Linda Evangelista, CHANEL, ”, glitz, “ Chanel ”, Jeans, risqué, “, Karl Lagerfeld, Lagerfeld, Tim Blanks, ” Linda Evangelista, Victor Virgile, Chanel, ” gushed Rose Marie Bravo, Isaac Mizrahi, Charlotte Neuville, Adrienne Vittadini, Randolph Duke, Norma Kamali, Arthur Hubbert, Katharine Hamnett, Rifat Ozbek, Queen Latifah, Donna Karan, Mizrahi, ” Mizrahi, Freddy, Chuck D, Flav, Al Pereira, Michael Ochs, Denise Burrows, Pat Cleveland, Dorothy “ Terri ” Springer, Gucci, Louis Vuitton, Simon, Schuster, Sowmya, Simon & Schuster Organizations: CNN, Co, Magazine, Newsweek, Penske Media, Getty, Women’s, Michael Ochs Archives, Fashion, New York Times, Gallery Books, Simon & Locations: Paris, New York City, Harlem, France, Chanel

☆ China funds look to Mideast cash as US investments wane
▼ + stars: | 2023-10-10 | by ( Summer Zhen | ) www.reuters.com time to read: +4 min

Seven China equity funds, including hedge funds and mutual funds, running more than $500 billion in combined assets, told Reuters they visited the Middle East this year to raise money, three of them for the first time. The search for new capital could affect Asia's hedge fund scene, where China firms account for more than half the market. "In the past perhaps the holy grail of capital raising was the U.S.," said Effie Vasilopoulos, co-Leader of law firm Sidley Austin's Asia-Pacific investment funds group. So that dynamic is leading many of our clients to the Middle East." However, sovereign funds in the Middle East have been large buyers.

Persons: Aly, Effie Vasilopoulos, Sidley, Steven Luk, Erin Wu, Wong Kok Hoi, Wong, Summer Zhen, Tom Westbrook, Jacqueline Wong Organizations: REUTERS, Seven, Reuters, FountainCap Research & Investment, OP Investment Management, POLITICO, Big U.S, ' Pension, California State Teachers, APS, Thomson Locations: Shanghai, Shenzhen, China, HONG KONG, Seven China, U.S, Asia, Pacific, Europe, Australia, Hong Kong, Texas, Singapore, Middle Eastern

Learn moreAmazon Prime Day is in full swing today and tomorrow, October 11, and there are plenty of luggage deals to get a leg up on your holiday travel planning. These brands have made it into our best luggage guide due to their impressive construction, convenient interior design, and overall durability. If you are scouring the internet for other items, look at our best Prime Day deals liveblog. Top Prime Day luggage dealsHow to choose the best luggageDepending on what type of traveler you are, you might opt for a backpack, carry-on, or large luggage set. To learn more about the differences between soft-side, hard-side, and aluminum carry-ons, check out our guide to the best carry-on luggage.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. But late in the afternoon, a senior Hamas official said the group is open to discussions over a possible truce with Israel. A recent surge in U.S. Treasury yields had pressured equities. Shares of the airlines, also hurt by rising oil prices, putting pressure on the S&P 500 Passenger Airlines index (.SPLRCALI). Exchange-traded funds exposed to Israel were selling off, with iShares MSCI Israel ETF falling along with the ARK Israel Innovative Technology ETF .

Persons: Brendan McDermid, Joe Biden, John Augustine, Augustine, Big advancers, iShares, Sinéad Carew, Shashwat Chauhan, Ankika Biswas, Arun Koyyur, Shounak Dasgupta, Richard Chang Organizations: New York Stock Exchange, REUTERS, Hamas, U.S, Federal, Huntington National Bank, Columbus, Peoples, Treasury, Fund, Nasdaq, Dow Jones, United Airlines, Delta Air Lines, American Airlines, Airlines, Defense, Aerospace, Northrop Grumman, L3Harris Technologies, Exchange, ARK Israel Innovative Technology ETF, Thomson Locations: New York City, U.S, Israel, Palestinian, Gaza, Columbus , Ohio, Tel Aviv, New York, Bengaluru

You could say Joe Cristalli tweeted his role as co-executive producer and co-showrunner on the new “Frasier” sitcom into existence. Political Cartoons View All 1205 ImagesThis “Frasier” stars Grammer in the title role of the high-brow psychiatrist, as he moves back to Boston. They also reference the original series sparingly and smartly — which is an act of restraint that Cristalli said Harris helped him to understand. That’s not Frasier.’ The next day he’s got, you know, longer pants and the next day it's a blazer. Bruce Miller composed the original ”Frasier" theme.

Persons: Joe Cristalli, Frasier, “ Frasier ”, Cristalli, Kelsey Grammer, “ Frasier, Frasier ”, Grammer, “, Chris Harris, Freddy, John Mahoney, Harris, Frasier Crane, ”, Chris, We’re, Jack Russell, James Burrows, “ Will, Grace ”, ” Burrows, Jack Cuttmore, Scott, Anders Keith, David, Frasier's, Niles, Daphne, Kelsey, he’s, he’ll, ’, Bruce, Jason Miller, Bruce Miller, hipper, Martin, —, It's, Glenda Rovello, ‘, Burrows Organizations: Paramount, Harvard Locations: Boston, Cambridge, Mahoney's

☆ Life at Sea's three year cruise hits another obstacle
▼ + stars: | 2023-10-06 | by ( Julia Buckley | ) edition.cnn.com time to read: +10 min

Life at Sea cruises is due to launch its three-year, round-the-world cruise next month, setting sail from Istanbul on November 1. Choppy watersThe path to freedom on the high seas has not gone smoothly for Life at Sea Cruises. In September, the company announced it would extend the cruise indefinitely, allowing passengers to stay onboard for life if they so wished. It’s a mess.”Some of the residents CNN have spoken with say they will be homeless if the cruise doesn’t go ahead. And although Holmes insists they will make the November 1 launch, the passengers CNN has spoken with are doubtful.

Persons: “ I’ve, – I’m, “, Miray, AIDA Cruises, Heidi Klum, AIDA –, Kendra Holmes, Holmes, ”, it’ll, “ They’ve, I’ve, “ I’m, they’ve, –, aren’t, We’ve, I’ll Organizations: CNN, Cruises Miray Cruises, Carnival, Sea Cruises, Miray, Residents, Cruises, “ Locations: Istanbul, Germany, German

☆ Your boss wants you to know how to use AI — but don't worry, you don't have to be an expert
▼ + stars: | 2023-10-06 | by ( Madison Hoff | Phil Rosen | ) www.businessinsider.com time to read: +4 min

That could mean "shedding some of the routine tasks that prevent you from doing more interesting work," she said, or it could mean using generative AI to help with summarizing information. To that point, Sinclair Schuller, the co-founder of Nuvalence, a consulting firm that uses generative AI, said the nascent technology is on the fast-track to widespread adoption in the workplace. But even as employers rush to adopt AI tool, there are deep concerns over the impact AI might ultimately have on society. A 2022 survey from Pew shows mixed results from US workers on whether they think AI will help or hurt them in the workplace over the next 20 years. He clarified that this doesn't mean these jobs are necessarily more likely to vanish, but they could be susceptible to big changes.

Persons: —, ChatGPT, WallStreetZen, Karin Kimbrough, there's, Kimbrough, Masayoshi, Sinclair Schuller, upskilling, Schuller, Chris Hyams, Hyams Organizations: LinkedIn, Service, Pew Research Center, Pew

☆ If Rep. Jim Jordan wins the race for House speaker, it could be the death knell for US aid to Ukraine
▼ + stars: | 2023-10-06 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +4 min

Ohio Rep. Jim Jordan is a top contender in the race for House speaker after Kevin McCarthy's ouster this week. AdvertisementAdvertisementThe race to replace Rep. Kevin McCarthy as speaker of the House is heating up — and US aid to Ukraine may be the biggest issue on the ballot. The top contenders for the spot are Ohio Rep. Jim Jordan and Louisiana Rep. Steve Scalise. In April 2022, 10 House Republicans voted against a bill allowing the Biden administration to more easily lend military equipment to Ukraine. The following month, 57 House Republicans voted "no" on a nearly $40 billion aid package for Ukraine.

Persons: Jim Jordan, Kevin McCarthy's, Jordan, —, Kevin McCarthy, Steve Scalise, Jordan —, Caucus —, Biden, Kevin McCarthy of, McCarthy, Matt Gaetz, Gaetz, Don Bacon, Politico Organizations: Russia, Service, Ohio, Louisiana Rep, Caucus, FOX, Republican, Kyiv, US, GOP, Republicans, GOP Rep, Kyiv ratcheted, Florida Rep, Politico Locations: Ukraine, Ohio, Kevin McCarthy of California, Kyiv, California, Russia

☆ Shopify is getting a new head of customer support amid an AI-centric shift for the division
▼ + stars: | 2023-10-06 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

Shopify's head of customer support, Clovis Cuqui, is departing after more than eight years at the e-commerce company. Cuqui's departure comes amid a period of change for the division , which troubleshoots issues for the millions of merchants using the e-commerce platform. "I look forward to continuing this work in lock step with our incredible crew of 1000s of Support Advisors and team members." The division is also working on a new, enterprise level of support as more large merchants have joined Shopify. Shopify also has been hiring outsourced customer-support representatives through the company TaskUs, many of which are in the Philippines, Insider previously reported.

Persons: Clovis, Glen Worthington, Kaz Nejatian, Worthington, Cuqui, Shopify, Bobby Morrison Organizations: LinkedIn, Support Advisors, Bobby Morrison . Company Locations: Philippines, mstone@insider.com

KARACHI, Pakistan, Oct 5 (Reuters) - Pakistani ecommerce logistics startup Rider, backed by YCombinator, is looking into acquiring BlueEx (UNIV.PSX) the only listed Express Courier Logistics Company in Pakistan, it told Reuters on Thursday. "We are carving out and acquiring the e-commerce logistics business which currently operates under the brand name BlueEx. This is not an acquisition of Universal Network System Limited as a whole," said Salman Allana, founder and CEO of Rider. If the transaction goes through, this will be the first acquisition of a listed company by a startup, and the first major acquisition of a company listed on Pakistan's Growth Enterprise Market (GEM) board at the Pakistan Stock Exchange (PAKS.PSX). While Rider has not disclosed the transaction value, it claims the acquisition will make Rider the third largest player in the ecommerce logistics space.

Persons: Salman Allana, Rider, Allana, Ariba Shahid, Michael Perry Organizations: Express Courier Logistics Company, Reuters, Venture, Universal Network System, Pakistan Stock Exchange, GEM, YCombinator, Global Founders Capital, Flexport, i2i Ventures, Fatima, Ventures, Soma, Rebel Fund, Thomson Locations: KARACHI, Pakistan, Karachi

☆ Metro Bank plunges on talk of big fundraising to fix finances
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. As of Wednesday's close, Metro Bank was valued at 87 million pounds. The fundraising could include more than 100 million pounds from selling shares to bolster capital, three sources familiar with the matter told Reuters on Wednesday. Metro Bank recently brought in Morgan Stanley as adviser, the people said. Metro Bank is subject to higher capital requirements set by the regulator if unable to use its own models, a concern that has been weighing on the stock.

Persons: Hannah McKay, Gary Greenwood, Morgan Stanley, Danilo Masoni, Iain Withers, Sinead Cruise, Mark Potter Organizations: Metro Bank, REUTERS, Reuters, Shore Capital, Bank of England's Prudential, Authority, Metro, Thomson Locations: London, Britain

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