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☆ Where's the money? COP27 climate summit opens with a rallying call for rich nations to pay up
▼ + stars: | 2022-11-07 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

The COP27 summit sees delegates from nearly 200 countries gather in Egypt's Red Sea resort town of Sharm el-Sheikh for talks on how to address the climate crisis. Climate finance, as it has done since the first U.N. climate conference in 1995, will once again play a pivotal role. Climate reparations, sometimes referred to as "loss and damage" payments, are widely expected to dominate the COP27 talks. Indeed, for the first time ever, the topic of loss and damage finance formally made it onto the COP27 agenda. "AOSIS is here to agree to the establishment of a new Loss and Damage Response Fund at COP27 that is operational by 2024.

NEW YORK/ LONDON, Nov 3 (Reuters Breakingviews) - First Boston is an old Wall Street name that’s re-emerging from Credit Suisse (CSGN.S) with some new features. Credit Suisse Chief Executive Ulrich Körner is reshaping the $11 billion group to put some bad years and big losses firmly in the past. Credit Suisse is setting up joint ventures between CS First Boston and the parent’s trading and wealth management businesses, according to a person familiar with the matter. An added complication is that CS First Boston bankers could be getting paid in their own division’s stock, rather than Credit Suisse shares. Michael Klein will step down from the Credit Suisse board of directors to help launch CS First Boston, the bank said.

☆ Rivian owners can’t help but gush about their trucks, flaws and all
▼ + stars: | 2022-10-27 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +9 min

“The Rivian is probably my favorite vehicle.”A Rivian R1T leaves the assembly line at its manufacturing plant in Normal, Illinois. Rivian owners have generally praised the R1T's features, including the gear tunnel for extra storage. Barnhart was one of several Rivian owners who said they were pleased with how accurately Rivian estimates its vehicles range. Feehley and other Rivian owners say it’s common to get questions from curious onlookers in parking lots, or to have people in cars driving alongside them taking pictures. Rivian owners describe being unwilling to ever sell their trucks.

☆ Miami Mayor Francis Suarez says he's considering a run for president in 2024
▼ + stars: | 2022-10-17 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +3 min

Miami Mayor Francis Suarez said he would consider running for president in 2024. "It's something that I would consider given the right circumstances and given the right mood of the country," he said. "It's something that I would consider given the right circumstances and given the right mood of the country," Suarez said Monday at a Punchbowl News event. Suarez has been getting national attention given the surge of people and tech companies moving to Florida, particularly to Miami. When asked about how he might stand out in a presidential race, he pointed to his age difference from some of the other potential condenders.

☆ Mark Zuckerberg's big reveal of his legs in the metaverse was actually 'animations created from motion capture,' Meta says
▼ + stars: | 2022-10-14 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +2 min

Meta revealed legs for its avatars in its metaverse, Horizon World, at the annual Connect event. A Meta spokesperson clarified the legs were a preview made of "animations created from motion capture." It's not clear if Meta has a working demo of the feature and a release date wasn't specified. Zuckerberg said "legs are hard," because it's hard to accurately position body parts like legs in virtual reality, "which is why other virtual reality systems don't have them either." The event did include more concrete news: Zuckerberg announced the new $1499 Quest Pro virtual reality headset is launching October 25.

☆ I'm a first year medical student with limited time off — here's how I saved $6,000 using credit card points for a winter break trip to Vietnam
▼ + stars: | 2022-10-13 | by ( Ethan Steinberg | Read More | Read Less | ) www.businessinsider.com time to read: +14 min

I couldn't find available award flights to Vietnam for winter break, so I redeemed flexible credit card points for cash flights instead. Even though I spent more points than I would have liked, I don't regret using my rewards this way. My winter break has clearly defined start and end dates, bookmarked on either end by immovable exams and unmissable lectures. $0 Rewards Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Read Insider's points and miles valuations to find out what your credit card rewards are worth.

☆ LVMH's resilience gives luxury shares a boost amid economic gloom
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

"LVMH's 3Q22 print will likely reassure on the health of the high-end consumer in the run-up to the festive season," said Thomas Chauvet of Citi. He said he had seen no signs that lower product categories were underperforming -- a category that has been closely eyed for signs of weakness. Analysts have been on the look out for signs of weakness in more aspirational products as younger shoppers face rising living costs. Guiony flagged a strong performance in watches -- luxury products that tend to do well in an inflationary environment because they hold their value. Hermes and Kering (PRTP.PA) report third quarter sales on Oct. 20.

☆ Biden's national security plan identifies Russia as imminent danger, China as long-term threat
▼ + stars: | 2022-10-12 | by ( Christina Wilkie | ) www.cnbc.com time to read: +3 min

WASHINGTON — President Joe Biden released his first national security strategy plan on Wednesday, outlining how the United States would "effectively compete" with China in the coming years, "while constraining a dangerous Russia." "Russia and [China] pose different challenges," wrote Biden. In light of America's urgent and ongoing involvement in Russia's war in Ukraine, Biden's strategy for countering Russia struck a pragmatic note. Damage to the Russian military caused by the protracted conflict "will likely increase Moscow's reliance on nuclear weapons in its military planning," Biden wrote. And while Russia poses a regional threat to Europe and a threat to global markets, wrote Biden, the Kremlin "lacks the across the spectrum capabilities of the PRC."

☆ Manhattan apartment sales declined 18% in third quarter, as rates rose and markets fell
▼ + stars: | 2022-10-04 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Sales in Manhattan last declined in the fourth quarter of 2020, when they fell by 21%. While prices in the Big Apple remain high − with the average Manhattan apartment price rising 4% over the past year to $1.96 million − price increases are slowing and the inventory of unsold homes is starting to rise. Manhattan apartment sales fell 18% in the third quarter, as rising mortgage rates and declining stock markets put the brakes on New York's real estate comeback. "The real sellers are meeting the buyers," said Toni Haber of Compass. "The full impact on sales and prices won't be known for at least another quarter," according to a report from Brown Harris Stevens.

☆ There's an ESG backlash inside the executive ranks at top corporations
▼ + stars: | 2022-09-29 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +8 min

Only 25% of CFOs surveyed by CNBC support the SEC's climate disclosure proposal, according to the survey. More than half (55%) of CFOs are opposed to the SEC climate rule, and 35% say they "strongly oppose" it. Proving climate materialityA critical issue for CFOs with the new SEC climate disclosure is the lack of a clear correlation between the climate data and financial statements. The first task for CFOs on climate disclosure, Clayton says, is to be candid with investors and stakeholders about this disconnect. "We are not blanket defenders of ESG," said Martin Whittaker, founding CEO of ESG research nonprofit Just Capital, which releases an influential ranking of top companies on ESG annually.

The 193-nation International Civil Aviation Organization's (ICAO) assembly, held every three years, is the first since COVID-19 put pressure on policymakers to speed up reforms. "We have to do something," Emile Nguza Arao, director general of Kenya's Civil Aviation Authority, told Reuters. Officials hope a global target will boost supplies of new Sustainable Aviation Fuel and encourage private investment. Even then, aviation is expected to remain in the cross-hairs of climate groups who see the exercise as a smokescreen. "A long-term emissions reduction goal with no enforceability plan is dead on arrival," said Jo Dardenne, aviation director at Brussels-based Transport & Environment.

☆ Marvel head: 'Much too soon' to recast Chadwick Boseman's T'Challa in 'Black Panther' sequel
▼ + stars: | 2022-09-27 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —There’s a reason why Chadwick Boseman’s character in the “Black Panther” sequel was not recast following his death in 2020. And [director] Ryan [Coogler] poured that into the story.”Boseman’s death came as a shock to many “Black Panther” fans as he had not gone public with his illness. Feige said Coogler and his team got to work figuring out the direction they wanted to take the sequel. “And how could the legacy of Chadwick – and what he had done to help Wakanda and the Black Panther become these incredible, aspirational, iconic ideas – continue? That’s what it was all about.”“Black Panther: Wakanda Forever” hits theaters in the US on November 11.

☆ Half of your employees are 'quiet quitting' and destroying morale. An MBA professor shares the 5 most effective ways to save a team's culture and output.
▼ + stars: | 2022-09-16 | by ( Brooke Vuckovic | ) www.businessinsider.com time to read: +6 min

She says that quiet quitting isn't a new phenomenon but it can be very harmful to company culture and morale. One of the best ways to fight quiet quitting is to focus on your "star players" instead, she says. What is new, however, is the not-so-quiet part of quiet quitting: quiet quitters are increasingly announcing their status proudly on social media, thanks largely to a TikTok video on the subject that went viral. Now, it is estimated that quiet quitters make up 50% of the US workforce. Don't "quiet fire"It's tempting to fight fire with fire — or silence, in this case, with withdrawing — but try to resist that.

You will receive a transfer bonus of up to 30%, allowing you to book already cheap award tickets for less. Here's a look at five incredible airline awards you can book for less, thanks to the Amex transfer bonus promotion. You can transfer Amex points to most programs in increments of 1,000 (except for Qantas, which is in 500-point increments). With the 25% Amex transfer bonus, this drops to just 10,400 Avios, making them cheaper than even some domestic flights. One word of caution: Don't transfer Amex points to these airlines unless you plan to redeem them soon.

Compare the Sapphire Preferred and Venture Rewards Chase Sapphire Preferred® CardCapital One Venture Rewards Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. The Capital One Venture Rewards Credit Card is better for those looking for really easy and flexible redemptions. Note that credit card lenders may use many different variations of credit score models when considering your application. Chase Sapphire Preferred and Capital One Venture benefits comparisonBoth the Chase Sapphire Preferred and Capital One Venture Rewards Credit Card come with no foreign transaction fees and a wide range of travel and purchase coverage. The Capital One Venture Rewards Credit Card comes with travel accident insurance, secondary car rental insurance, travel emergency assistance, and extended warranty on eligible purchases.

☆ Founder Finances: A comprehensive guide to creating a budget for your business
▼ + stars: | 2022-08-19 | by ( Alexandra York | ) www.businessinsider.com time to read: +8 min

This series, "Founder Finances," shares tips on how to allocate money, stabilize your team, and prepare for growth, according to founders who've done it. Read more: Founder Finances: A baker shares the $15K budget she's using to relaunch her business after stepping away to fight cancer. Read more: Founder Finances: How a 30-year-old entrepreneur uses a $2,000 monthly social-media marketing budget to build a thriving side hustle selling loungewear. Read more: Founder Finances: Etsy seller shares the $3,700 monthly budget preparing her business for its busiest quarterCreating company culture in the officeBranden Sewell, the founder of Seal Pro Painting. If you're interested in contributing to Insider's Founder Finances series, please contact Alex York at ayork@insider.com.

What are credit card and bank rewards points worth? One great feature of the program is that all points are equal, so any account that earns Membership Rewards points has access to transfer partners. If you're a Bank of America Preferred Rewards customer, you'll earn 25% to 75% more points, depending on how much you have on deposit, but your rewards points are still worth 1 cent apiece. However, those miles expire after 36 months regardless of your account activity, so only transfer miles when you have immediate plans to redeem them. Non-elite members may transfer points to other members with the same address, provided both parties have been members for at least one year.

The Wyndham Rewards® Earner Business Card is one of three Barclays-issued Wyndham Rewards cards, and it's by far the most lucrative. The Wyndham Rewards® Earner Business Card is a small-business credit card, so you shouldn't apply unless you have a small business. Keep in mind when you have the Wyndham Rewards® Earner Business Card (or any other Wyndham card), you'll receive a 10% discount on go free awards. Automatic top-tier elite statusWyndham Rewards® Earner Business Card cardholders receive Diamond status with Wyndham, which is the chain's highest elite tier. For those who stay with Wyndham and like collecting and using Wyndham points, the Wyndham Rewards® Earner Business Card is definitely worth it.

You can earn Marriott points from paid stays, co-branded credit cards, or flexible points transfers. How to earn Marriott pointsEarn points from Marriott Bonvoy hotel staysThere are plenty of different ways to earn Marriott points, but let's start with the most simple one: earning points on hotel stays. Earn 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program. Award can be used for one night (redemption level at or under 85,000 Marriott Bonvoy points) at hotels participating in Marriott Bonvoy®. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®.

☆ A 25-year-old entrepreneur shares the most important investments to create a professional and personal brand
▼ + stars: | 2022-07-21 | by ( Alexandra York | Madison Hoff | ) www.businessinsider.com time to read: +5 min

She says social media, marketing, and personal branding are the most important investments. For her personal brand, she spends about $350 each month on a branding coach who helps her decide what message she wants to project through her work. Both a personal and professional brand are important for growthCurtis presenting at a TEDx event. courtesy of CurtisSince merging companies, "it's becoming less of a personal brand," Curtis said. The most important tactic to creating a sustainable brand online is providing value to viewers, she said.

☆ A Yale professor's new book sheds light on a seemingly obvious way to negotiate
▼ + stars: | 2022-03-13 | by ( Jonathan A. Knee | ) www.businessinsider.com time to read: +6 min

Barry Nalebuff's lively and elegant new book, "Split the Pie: A Radical New Way to Negotiate," feels particularly timely. This makes the publication of Barry Nalebuff's lively and elegant new book, "Split the Pie: A Radical New Way to Negotiate," particularly timely. Despite the provocative subtitle, Nalebuff's approach is neither radical nor new. This is the real value of Nalebuff's approach. "Split the Pie" makes a similar point when it highlights that "reputational concerns reinforce the incentive to split the pie."

☆ A former executive assistant to Jeff Bezos, Marissa Mayer, and Eric Schmidt shares her career tips from working with Amazon and Google's top talent
▼ + stars: | 2022-02-19 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

Ann Hiatt worked as Jeff Bezos's executive assistant and as chief of staff at Google for Eric Schmidt. Hiatt tells readers to find managers who they admire and who have an aspirational career path. That's the advice of Ann Hiatt, who worked as an executive assistant to Jeff Bezos and Marissa Mayer, and as chief of staff to Eric Schmidt. Amazon founder Bezos hired Hiatt in 2002 and they worked together until 2005, when she left to study for a PhD. Hiatt wrote in her book: "My next career steps have always been inspired by asking myself the key question of 'What do I want to learn in the next phase of my career?'"

☆ Side hustle and 'polywork' culture is really just a desperate reflection of a low-paying job market
▼ + stars: | 2022-02-14 | by ( Stephen Moore | ) www.businessinsider.com time to read: +6 min

The pandemic has seen a rise in "polywork" — people working multiple jobs or side hustles. One aspect of this future is a rise in people holding multiple jobs. Still, the buzz around polyworking fails to consider that many are not pursuing multiple work opportunities voluntarily. For many, working multiple jobs is a necessity. We have to be aware that it's one thing to want to work multiple jobs — it's another to feel like you have to work them.

☆ The American middle class used to signify economic security. That's now quickly becoming a luxury only the wealthiest can afford.
▼ + stars: | 2021-12-25 | by ( Paul Constant | ) www.businessinsider.com time to read: +5 min

While a majority of Americans consider themselves middle class, he says far fewer actually are. Those numbers are disastrous for the American middle class. When most noneconomists talk about the middle class, we don't mean the strict middle third of American household wealth. A 2015 Pew report found that while 89% of all Americans self-identify as members of the middle class, just 50% of Americans actually met the broadest economic definition of middle class. Throughout the 20th century, a secure and growing middle class was the source of America's prosperity.

☆ Cool girls don't drink alcohol anymore
▼ + stars: | 2021-11-06 | by ( Allana Akhtar | ) www.businessinsider.com time to read: +5 min

Young women are using Instagram and TikTok to show others you can be both "cool" and sober. Alcohol alternative drink sales rose this year, on the heels of the "trendy" sober curious movement. Young women like Gomez are on a mission to prove it's "cool" not to drink, and ditching alcohol can even help women achieve self-care and empowerment. Plus, CBD-infused drinks — like ultimate cool girl Bella Hadid's Kin brand — promise a similar buzz without impairing your health or decision-making. Gomez's drink-less Instagram could have an aspirational effect: You can be a cool girl like her — if you don't drink.

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