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☆ Turkey's Erdogan urges voters to turn out, rival sees 'last exit'
▼ + stars: | 2023-05-27 | by ( Ezgi Erkoyun | ) www.reuters.com time to read: +3 min

[1/6] Turkish President Tayyip Erdogan attends a rally, ahead of the May 28 presidential runoff vote, in Istanbul, Turkey May 27, 2023. The two candidates are aiming to attract some 8 million voters who did not go to the polls in the first round. Erdogan got a boost earlier this week when Sinan Ogan - a nationalist politician who came third with 5.2% - endorsed him. Kilicdaroglu, who is chair of Turkey's biggest opposition party, the CHP, meanwhile secured the endorsement of the anti-immigrant Victory Party for the runoff. Polls will open at 8 a.m. (0500 GMT) and close at 5 p.m. (1400 GMT) for more than 60 million voters.

☆ The House just passed a bill to block student-loan forgiveness and end the payment pause immediately
▼ + stars: | 2023-05-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

A bill to overturn Biden's student-debt relief passed the House by a vote of 218-203. Along with blocking broad debt relief, the bill would also end the payment pause. The bill would overturn President Joe Biden's plan to cancel up to $20,000 in student debt for federal borrowers, along with immediately ending the ongoing student-loan payment pause, throwing borrowers back into repayment earlier than expected. Pierce said that means the bill will "unwind debt relief already delivered to hundreds of thousands of public service workers across the country. This will happen because the seventh and eighth payment pauses also give credit towards Public Service Loan Forgiveness for each paused month covered by these executive actions,."

☆ Novo Nordisk: trial data of oral weight-loss drug comparable to Wegovy
▼ + stars: | 2023-05-22 | by ( Louise Rasmussen | ) www.reuters.com time to read: +3 min

The results are another boost for Novo Nordisk whose weekly Wegovy injection has transformed the weight-loss market since its U.S. launch in June 2021, capturing the attention of patients, investors and even celebrities worldwide. The Danish drugmaker said in a statement that the headline results were statistically significant and showed superior weight loss when compared to a placebo. A global launch of the oral 50 milligram (mg) semaglutide drug is contingent on portfolio prioritisations and manufacturing capacity, the company added without giving further details. The results are comparable to the company's Wegovy injection, said Martin Holst Lange, head of development at Novo Nordisk. Novo Nordisk has had supply issues and struggled to keep up with soaring U.S. demand for Wegovy.

As doubts grow about the strength of its economic recovery, foreign money has left China's markets and the currency has fallen 4% against the dollar since late January. Analysts at Nomura and Societe Generale say the yuan could soon head for 7.3, which as last plumbed in November. Reflecting that, the trade-weighted CFETS basket against which the People's Bank of China (PBOC) manages the currency, has dropped to 99 from 100 in February. THE CHEAP CURRENCYBecky Liu, head of China macro strategy at Standard Chartered Bank, expects the yuan will continue to depreciate. "The interest rate gap remains wide, so many hedge funds continue to use yuan as a funding currency," Liu said.

☆ E. Jean Carroll says 'hundreds' of people asked her how to sue their abusers since her win against Donald Trump
▼ + stars: | 2023-05-18 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

E. Jean Carroll told Insider she's gotten hundreds of emails from people asking for advice to sue abusers. She was able to sue Donald Trump — and win — because of New York's Adult Survivor's Act. Carroll, a former Elle magazine journalist and writer of the "Ask E. Jean" advice column, won her sexual abuse and defamation lawsuit against Donald Trump earlier this month. Carroll was able to bring the sexual abuse claims against Trump because of New York's Adult Survivor's Act. Carroll praised Kaplan as a "brilliant" person who didn't fear Trump and "thinks three and four moves ahead."

☆ Meet a 24-year-old who realized corporate life wasn't for her. She now makes $58,000 as an innkeeper, has her rent subsidized, and has plenty of time to paddle board on the lake.
▼ + stars: | 2023-05-17 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

She likes interacting with guests and is happy she didn't end up in a corporate job. "I was looking for a corporate job just because that's what everybody in my life who didn't go to grad school did," she said. She told Insider she makes around $58,000 and part of her rent is covered, as she has employee subsidized housing. Are you a Gen Zer or recent graduate who found a job outside of a 9-to-5 corporate job? Are you a worker that left a corporate job?

☆ Biden administration defends immigrant labor while sending 1,500 troops to the border
▼ + stars: | 2023-05-16 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +4 min

President Biden is sending 1,500 troops to the southern border. Yet, his secretary of Homeland Security says employers "are desperate for workers." The COVID-era rule expired May 11, so the Biden administration is now sending troops to tamp down on border crossings. Despite taking such measures to police the border, Biden's Department of Homeland Security argued on the day that Title 42 ended that immigrant labor is needed to address America's labor shortage. As a result, native workers who dropped out of high school and typically earn $25,000 annually saw their earnings drop by between $800 and $1,500 each year, he estimated.

☆ A real-estate agent explains how regular homebuyers can compete with all-cash buyers using 'pre-underwriting' — and 3 other ways to get your offer accepted in a competitive market
▼ + stars: | 2023-05-16 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

The housing market is competitive right now and homes are selling quickly. Realtor Dana Bull shares the strategies that her clients are using to win bids in a competitive market. Real-estate agent, consultant, and investor Dana Bull says that her market, Boston, is more competitive than ever. The main advantage is that the everyday buyer can close quickly, which used to only be a luxury for all-cash buyers who didn't have to worry about securing financing. Big picture, you win the bid and you get the house because you're able to close quickly; but you may not be getting the best rate."

Her mother Sarah — a former deli shop owner — was bored with retirement and had decided to open an ice cream shop in Bethesda, Maryland. "To be honest, at first I was like, 'ice cream shop?'" Running the ice cream shopDespite Sarah's Handmade Ice Cream successful grand opening, it took over six months for the business to become "a well-oiled machine," Park says. Instead, Park and her mother donate ice cream to local nonprofits and community organizations, which has attracted loyal customers in the Bethesda area. Within a few months of opening the first store, Park realized the business didn't have to be limited to just "a mom-and-daughter shop."

A Manhattan jury found Donald Trump liable for the sexual abuse of E. Jean Carroll. "They're trying to take parts of Donald Trump you dislike and stretch it over Ms. Carroll's story," Tacopina said. Carroll's lawyers, for their part, said their willingness to bring the case to court only made them more believable. "There wasn't even a 'he said,' because Donald Trump never even looked you in the eye and said she was a liar," Ferrara said. "You heard from Donald Trump himself — this is just how he treats women," Ferrara said.

Reuters interviews with Kar and a dozen other voters in Antakya reflected anger over what some viewed as a slow initial government response to the disaster. The voices are a small snapshot of Antakya and the wider area of southern Turkey hit by the earthquake, a region home to nine million voters and traditionally an Erdogan stronghold. Only 4.3% of voters viewed the quake as Turkey's biggest problem last month, with most more concerned by an economy racked by rampant inflation. Nearby, excavators resound as they demolish some of the 80-90% of buildings estimated to have suffered quake damage. The opposing sides present very different narratives about Erdogan and his government's response to the disaster.

☆ Elon Musk once praised a rocket CEO who didn't go to college for beating Jeff Bezos to orbit, new book reveals: 'Bezos has spent a shitload of money, and he hasn't made it'
▼ + stars: | 2023-05-08 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

A new book reveals Elon Musk once praised a rival New Zealand rocket CEO in a 2018 phone call. Musk said it was "impressive" that Rocket Lab launched a rocket into orbit before Blue Origin, per the book. Like SpaceX, Rocket Lab has been able to launch rockets into orbit — something Bezos' Blue Origin company has not yet achieved. In March, Rocket Lab launched its 35th Electron rocket just a week after launching its 34th Electron rocket. Neither Rocket Lab, Blue Origin, nor Musk responded to Insider's requests for comment.

☆ Alonso starts on front row in Miami but win a long shot
▼ + stars: | 2023-05-07 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

[1/4] May 6, 2023; Miami Gardens, Florida, USA; Aston Martin driver Fernando Alonso (14) of Spain reacts after qualifying for the Miami Grand Prix at Miami International Autodrome. Mandatory Credit: John David Mercer-USA TODAY SportsMIAMI, May 6 (Reuters) - Fernando Alonso will start the Miami Grand Prix on the front row alongside pole sitter Sergio Perez, providing Aston Martin the chance for a win, believes team principal Mike Krack. The Red Bulls of Verstappen and Perez have been in a league of their own this season winning every grand prix, with three of the four races one-two finishes. If you start from the first row your aim has to be to win the race. Verstappen, last year's winner in Miami, will start ninth but Alonso guessed that he will see him on his exhaust by lap 25.

☆ Threat of TikTok ban has creators scrambling to build followings on Instagram, YouTube
▼ + stars: | 2023-05-06 | by ( Ashley Capoot | ) www.cnbc.com time to read: +9 min

Politicians have been threatening a nationwide TikTok ban unless ByteDance sells its stake in the app, a move China said it "strongly" opposed. "That's the power of TikTok," Spangler said, adding that the app drives the majority of sales for his business, The Good Chad. Olivier Douliery | Afp | Getty ImagesIn April, Montana legislators approved a bill that would ban TikTok from being offered in the state starting next year. Creators are turning to other platformsVivian Tu, who lives in Miami, has been preparing for a possible TikTok ban by working to build her audience and diversify her content across multiple platforms. With the looming threat of a TikTok ban, Foster said she's been sharing content across Instagram, YouTube and Twitter to try to expand her following.

☆ Use these 5 steps to forgive others—it can boost your happiness, says psychologist who studied forgiveness for 30 years
▼ + stars: | 2023-05-06 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

But there is new research that shows forgiveness may just free up more space in your life for happiness. Everett Worthington has decades of experience studying forgiveness as a clinical psychologist. He is the co-author of a recent study that shows forgiving others may lead to improved mental health and well-being. "The main way that forgiveness affects mental health is by lowering rumination," which is playing things over and over again in our minds, he adds. "As we forgive, we get a certain amount of closure on that incident, and that closure dampens down that rumination," he says.

☆ Microsoft's chief scientific officer says there's no need for a pause on AI — despite what Elon Musk says
▼ + stars: | 2023-05-02 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Microsoft's chief scientific officer says he disagrees with people calling for a pause on AI development, including Elon Musk. Eric Horvitz told Fortune it's "reasonable" for people to be concerned but that we need to "jump in, as opposed to pause." Microsoft's chief scientific officer has addressed an open letter signed by Elon Musk and thousands of others calling for a pause on AI development. We need to really just invest more in understanding and guiding and even regulating this technology—jump in, as opposed to pause." Musk cofounded OpenAI in 2015 alongside Altman and others but left the board in 2018.

☆ More and more Americans don't want electric cars
▼ + stars: | 2023-05-01 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

Americans are getting more divided on electric vehicles. While EVs gain market share, more and more people say don't want one as their next car. Battery-powered cars seem like the next big thing, but a growing portion of Americans aren't ready to give up internal combustion. The percentage of Americans who say they're "very unlikely" to buy an electric vehicle as their next car is growing, according to JD Power, which keeps close tabs on consumer sentiment around EVs. "Top-line metrics on overall EV market share, availability and affordability have been on a long-term upward trend," the market research firm said.

LONDON, May 1 (Reuters) - After waiting longer than any British heir to become monarch, King Charles has quietly settled into his new role with little of the drama some commentators had expected, but with family divisions and some fundamental issues still looming. "I think we are all quite surprised at how well King Charles has begun," royal author Tina Brown told Reuters. Charles does not enjoy same support as his widely admired mother, but his public approval ratings are generally positive. For Charles, the most prominent issue remains the ongoing conflict with his younger son Prince Harry. "I think the public are thinking we've kind of heard all that, but normal life continues."

☆ The 5 absolute worst ways to earn passive income, according to a 6-figure entrepreneur who's tried dozens of them
▼ + stars: | 2023-04-23 | by ( Jen Glantz | ) www.businessinsider.com time to read: +8 min

Flipping products, making money through ads, and credit-card bonuses were a waste of her time. At first, I was making passive income as the stocks increased in value, and I sold off a few shares to make a profit. Trying to make passive income in the stock market is risky, especially when you're someone who doesn't fully understand it. In the end, this passive income stream proved to be stressful, time-consuming, and risky. After earning those bonus points, I redeemed them for cash or statement credits, and called that passive income.

☆ An idyllic California town, a celebrity landlord, and a rental from hell
▼ + stars: | 2023-04-22 | by ( Tatiana Walk-Morris | ) www.businessinsider.com time to read: +11 min

Sonaar Luthra and Sarah Szalavitz left Los Angeles for a rental in La Quinta, California, last March. The couple found a rental home online for $4,000 a month in La Quinta, California, a palm-tree-dotted hamlet about 2½ hours away, nestled between the resort-haven Palm Springs and festival-famous Coachella. They were relieved, they told Insider, because they believed someone in the public eye would be a reliable landlord. Luthra and Szalavitz thought moving to La Quinta would afford them the time and space to begin personal projects, including planning a wedding. The couple detailed how the celebrity-owned house in a desert paradise became a rental from hell.

☆ An elite soccer player criticized Elon Musk as 'some crazy dude' after Twitter took away his blue checkmark
▼ + stars: | 2023-04-21 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter removed the blue checkmarks on Thursday for all users who didn't subscribe to Twitter Blue. That included several of the English Premier League's elite soccer players, who hit back at Elon Musk. Elite soccer players from England's Premier League took aim at Elon Musk after their blue checkmarks were taken away on Thursday. Twitter Blue led to several trolls impersonating high-profile accounts, while those who've paid for the blue checkmark have been mocked. Meanwhile, Gary Lineker — a former England soccer player who now hosts the BBC's "Match of the Day" — said he had subscribed to Twitter Blue.

☆ Twitter finally removes legacy verification check marks
▼ + stars: | 2023-04-20 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Twitter removed blue legacy check marks from nonpaying users' accounts on Thursday, weeks after the Elon Musk-owned company initially announced that the changes would begin. The company confirmed on Wednesday that it would begin removing the blue check marks from users who didn't pay for the company's subscription service, Twitter Blue. By midday Thursday, check marks had begun to disappear from nonpaying accounts. The changeover means that only paying subscribers who have "verified" their phone number will be entitled to Twitter verification and the blue check mark. The Twitter accounts of numerous U.S. attorney offices remained unverified, as did various arms of the U.S. Department of Justice and field offices of the FBI.

Fox agreed to a $787.5 million settlement with Dominion Voting Systems on Tuesday. But a senior media executive told Insider that insurance typically handles these types of payments. Fox Corp. had nearly $4.1 billion of cash on hand, according to comments made in February by company CEO Lachlan Murdoch. Fox Corp., which also owns assets such as the broadcast network and streamer Tubi, has a market capitalization of $17.61 billion as of Tuesday. In 2017, Fox also agreed to a $90 million "derivatives" settlement against company officers over sexual harassment issues at Fox News, according to Reuters.

☆ 'Love Is Blind' is hell on earth: Contestants say producers deprived them of food and sleep, preyed on their anxieties, and refused to let them quit
▼ + stars: | 2023-04-18 | by ( Katie Warren | ) www.businessinsider.com time to read: +29 min

After the 10 days, cast members must decide whether they want to get engaged to another contestant sight unseen — or go home. The season-two contestant Nick Thompson said "Love Is Blind" didn't adequately support its cast members — during or after filming. Many cast members believed "Love Is Blind" would be a cut above other reality shows. The first evening in Cancún, producers told Ruhl she couldn't attend a party for all the newly engaged couples because they thought she might have COVID-19. In a later episode he again became infuriated and threatened to leave when Reed came home late from clubbing with other cast members.

☆ Yonder, a fintech startup that helps expats get credit cards and offers rewards for spend, raised $78 million in debt and equity using this 11-slide pitch deck
▼ + stars: | 2023-04-17 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

London-based fintech startup Yonder has raised $78 million in debt and equity. Yonder, a London-based credit card startup, has raised $78 million in debt and equity in a new funding round. Yonder previously brought in $26 million in debt and equity as part of a seed funding round. This latest raise comes in the form of £12.5 million, about $15.7 million, in equity and £50 million, roughly $62.6 million, in debt. Yonder also plans to launch in two further unspecified cities and offer more events to users with its new capital, Chong said.

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