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☆ Bosses want people in the office. The class of 2023 is ready.
▼ + stars: | 2023-05-21 | by ( Ethan Dodd | Madison Hoff | ) www.businessinsider.com time to read: +8 min

Surveys show Gen Z and class of 2023 graduates want an in-person experience. In-person work can provide young workers with community, keep them engaged, and enhance their early workplace learning. Not so with Gen Z and the class of 2023. This generation wants the community, learning opportunities, and engagement that in-person work can provide — although some young professionals aren't a fan of in-office roles and prefer remote work. "Especially for new grads, they should balance the flexibility that they have for remote work and finding new opportunities with some of the benefits of in-person work," Pardue said.

☆ This little-known rule shapes parking in America. Cities are reversing it
▼ + stars: | 2023-05-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Approximately 2 billion parking spots cover the country, enough to pave over the entire state of Connecticut. Cities have built so much parking through a policy few people know: minimum parking requirements. Mandatory parking minimums helped shape the modern makeup of America cities. More parking spaces mean bigger parking lots. There are an estimated three to eight parking spots for every car in America.

☆ China is using AI to raise the dead, and give people one last chance to say goodbye
▼ + stars: | 2023-05-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +13 min

I would have liked to watch a few more episodes," the grandfather bot replied. Yu told Tang his grandmother needed the chatbot to process her emotions and mourn. As for himself, he declined to share his intimate conversations with his grandfather bot. Like Yu's grandfather bot, Wu's bot produced limited responses. "These emotions might have overwhelmed me too much to work and live my life," he told Tang.

☆ Washington is at an impasse on the debt ceiling. Here’s what that might mean for your portfolio
▼ + stars: | 2023-05-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Income-focused investors seeking yield and safety in Treasury bills are likely nervous as debt ceiling rhetoric heats up in Washington, but they should take a breather before they dump these assets. In the short-term Treasury market, investors are already showing some signs of anxiety. In that case, holders of short-term T-bills could see declines in their portfolio values as yields spike, he added. Review your holdings Now could be a good time to review your bond holdings, particularly the short-term T-bills that are seeing a big jump in yields. But the longer-term advice is to snap up longer-dated bonds to prepare for the day the Federal Reserve starts to dial back its tight monetary policy.

Persons: Joe Biden, Biden, Kevin McCarthy, Hakeem Jeffries, Janet Yellen, Yellen, Kathy Jones, Gustavo Schwenkler, Jones, Thomas McLoughlin, McLoughlin, Christine Benz, Jamie Hopkins, — CNBC's Michael Bloom Organizations: Treasury, Schwab Center, Financial Research, Santa Clara University Leavey School of Business, Federal Reserve, UBS, Morningstar, Carson Group Locations: Washington, D, U.S

☆ Premarket stocks: Wall Street is strangely calm about the debt ceiling. That could change this month
▼ + stars: | 2023-05-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Dire warnings about the economic chaos and catastrophe that will ensue if the US debt ceiling isn’t lifted soon abound. The debt ceiling crisis of 2011 caused Standard and Poor’s to downgrade US debt for the first time in history. Schwenkler says to expect “a lot more volatility” if debt ceiling issues don’t appear resolved by the last week of the month. By contrast, recovery from a debt-default crisis would likely start the day Congress, belatedly, suspended the debt ceiling,” he added. “A misstep over the debt ceiling would subject businesses and consumers to an economic shockwave,” he added.

☆ Bored Ape NFT creators win case against copycat artist
▼ + stars: | 2023-04-25 | by ( Elle Reeve | ) edition.cnn.com time to read: +4 min

CNN —Crypto company Yuga Labs has won its claims of trademark infringement against artist Ryder Ripps who copied their NFTs in what he called a protest of their racially offensive imagery. Ripps told CNN he would appeal. But critics commented on social media that some of the Bored Apes contained what looked like references to posts on the website 4chan, which has become a hub of extremism, and pointed out that apes are an old trope in racist imagery. “Once the court adopted the plaintiff’s framing of the case, it was clear what was going to happen: the plaintiff wins everything basically,” he said. “There was an underlying really important point that the defendants are trying to make about the possibility that there was some kind of Nazi glorification in the overall collection NFT collection for the Bored Ape Yacht Club,” Goldman said.

☆ RESTRICT Act explained: proposed TikTok ban is 'a PATRIOT Act for the digital age,' some lawmakers say
▼ + stars: | 2023-04-23 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +11 min

The RESTRICT Act, a bill that could ban TikTok nationwide, was introduced in the Senate last month. GOP Senator JD Vance of Ohio called the bill proposal "a PATRIOT Act for the digital age." But the RESTRICT Act — touted as a way ban TikTok nationwide — would do far more than prevent users from accessing an app known for its viral dance routines and conspiracy theory videos. "This will directly improve our national security as well as safeguard Americans' personal information and our nation's vital intellectual property." Even those who support a TikTok ban, such as Senator JD Vance of Ohio, don't see the RESTRICT Act as an appropriate solution.

☆ Porn on Amazon's Kindle app prompts warnings from Apple, Alphabet
▼ + stars: | 2023-04-18 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +6 min

Reuters learned of the issue when two families told Reuters their pre-teen sons downloaded the explicit material via Amazon's Kindle Unlimited e-book subscription service and viewed the full-color photographs on the Kindle iPhone app. Pornography also is available through Amazon's Kindle online store and viewable on versions of the Kindle app. The adult material at issue is primarily self-published through Amazon’s Kindle Direct Publishing arm. The Apple app store’s guidelines “prohibit apps dedicated to portraying overtly sexual or pornographic material,” the company said in a statement. As of Monday, adult materials were still accessible on Kindle and Kindle Unlimited via the iOS and Android apps.

☆ Companies can't do layoffs right because they're trying to act like 'cool parents'
▼ + stars: | 2023-04-13 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

Stripping people from their livelihoods is the most consequential action a company can take — and an inherently painful one, at that. While there might not be a good way to let employees go, there are a lot of bad ways to do it. Some, such as Google, have conducted layoffs by email. But the harshness of recent layoffs suggests that any managerial empathy workers gained during the depths of the pandemic was short-lived. That's why it's understandable that workers are angry about the way layoffs have been handled, Taylor added.

☆ I never thought I'd go into business. Now my sugar wax brand is on shelves in Ulta — here's what I've learned so far
▼ + stars: | 2023-04-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

I grew my sugar wax business using TikTok, and now Sugardoh products are in Ulta Beauty stores across the US. Eventually, that became the basis of Sugardoh — educating people about sugar wax and how to use it safely for hair removal. While debating my options for waxing as a college student in 2016, I found sugar wax, basically the number one do-it-yourself hair removal option on social media. I also realized that sugar wax was more sustainable than other options. Through social media, I was hearing about customers' experiences with hair removal, so I used that to educate buyers on what I was seeing.

☆ Why our brains are hard-wired for bank runs like those that toppled SVB, Signature
▼ + stars: | 2023-03-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Rebecca Noble | AFP | Getty ImagesCustomer fear became a self-fulfilling prophecyOur brains are hard-wired for a bank run. Last week, bank customers saw their peers run for the exits; sensing danger, that herd mentality meant they also rushed to withdraw their cash. More from Personal Finance:What small businesses should look for when choosing a bankWhat Signature Bank, Silicon Valley Bank failures mean for consumers and investorsWhat to know about FDIC insuranceWhy the bank run on SVB seemed 'rational' for someThere are firewalls against this kind of behavior. The Federal Deposit Insurance Corporation, or FDIC, backstops bank customers' savings up to $250,000. "If you don't rationally understand the way the market interprets signals, you can make a mistake like Silicon Valley Bank," Shefrin said.

☆ TikTok is by far the best platform for brand engagement, new data shows. Here were 3 other key takeaways from the 136-page report.
▼ + stars: | 2023-03-06 | by ( Nhari Djan | ) www.businessinsider.com time to read: +5 min

A new report from analytics firm Rival IQ breaks down social-media engagement in 2022 by industry. Here are three key takeaways for brands across TikTok, Instagram, Facebook, and Twitter. Brands are getting higher engagement on TikTok than on Instagram, Facebook, or Twitter, according to a new report by social-media analytics company Rival IQ. The brands studied had at least 5,000 followers apiece on Instagram, Twitter, and TikTok, and 25,000 to 1 million followers on Facebook. Sports teams scored the second-highest engagement on Instagram and TikTok, while also having the highest engagement rates across Twitter and Facebook.

☆ Facebook and Google are handing over user data to help police prosecute abortion seekers
▼ + stars: | 2023-03-05 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

Police make requests for social media user data to aid prosecution after a crime has been committed. ProPublica found similar web trackers that capture user data on the sites of at least nine online pharmacies that offer abortion pills by mail, including Abortion Ease, BestAbortionPill.com, PrivacyPillRX, PillsOnlineRX, Secure Abortion Pills, AbortionRx, Generic Abortion Pills, Abortion Privacy, and Online Abortion Pill Rx. Private content by users — such as location data or messages — requires law enforcement to obtain a warrant before it can be turned over. She said because the platforms themselves are unlikely to prioritize user privacy, the burden to do so falls on the individual user. "All the angst directed social media services for being a pawn in law enforcement's game seems misdirected to me.

☆ How an obscure legal doctrine called the Henderson test could weaken Section 230 and change free speech on the internet
▼ + stars: | 2023-02-25 | by ( Lauren Feiner | ) www.cnbc.com time to read: +6 min

The so-called "Henderson test" would significantly weaken the power of Section 230 of the Communications Decency Act, several experts said in conversations and briefings following oral arguments in the case Gonzalez v. Google . One way the Supreme Court could undercut Section 230 is by endorsing the Henderson test, some advocates believe. The Henderson test came about from a November ruling by the Fourth Circuit appeals court in Henderson v. The Source for Public Data. In other words, once Public Data made changes to the information it pulled, it became an information content provider. Google pointed to the parts of its brief in the Gonzalez case that discuss the Henderson test.

Musk on Wednesday announced the news with the state's governor, Gavin Newsom, and the Tesla CEO later told CNBC that putting the engineering hub in California means it is "effectively a headquarters of Tesla." Democratic-controlled California, the most populous U.S. state, has more electric vehicles than any other and provided Tesla with tax incentives as it grew. "Given that the Bay Area in California is home to many leading tech companies, it makes sense for Tesla’s engineering headquarters to be located there as a way to attract top talent," said Seth Goldstein, an analyst at Morningstar. The new Tesla engineering headquarters will be in a former Hewlett Packard building in Palo Alto. "This is a poetic transition from the company that founded Silicon Valley to Tesla," Musk said.

☆ Saudi Arabia's crown prince once bragged Jared Kushner was 'in his pocket'. It's getting harder to convince people otherwise.
▼ + stars: | 2023-02-17 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

It's a move that, even if technically legal, appears designed to help obscure Kushner's financial relationship with the Saudis, and fuels longstanding suspicions over Kushner's relationship with the crown prince. During his time as a senior advisor in his father-in-law's administration, Kushner's relationship with the Saudi ruler repeatedly raised alarm among top US officials. Jabin Botsford/The Washington Post via Getty ImagesThe Post report also said Trump benefited financially from ties with the Saudis after leaving office. A report by The Intercept in 2018 claimed that Crown Prince Mohammed boasted about having secured an extraordinary level of influence over Kushner, reportedly remarking that he had Kushner "in his pocket." The report said that Kushner may have even handed US intelligence on internal critics to Crown Prince Mohammed.

☆ Tesla's longterm profitability remains solid , says Santa Clara University's Jo-Ellen Pozner
▼ + stars: | 2023-01-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's longterm profitability remains solid , says Santa Clara University's Jo-Ellen PoznerJo-Ellen Pozner, management professor at Santa Clara University Leavey School of Business, joins 'Power Lunch' to discuss Tesla's price cuts, pressure for Tesla to boost deliveries, and Tesla's vulnerability to Musk's behavior as CEO.

But while the notion of a potential shift in Federal Reserve policy is perfectly reasonable and logical, the word "pivot" - like "transitory" and others before it - should be binned. Shorthand can easily morph into broad-brushed assumptions, leaving traders tied in knots over particular words without really understanding their meaning. When everyone's models are programmed to grab the same word, phrase, or signal, herding behavior and one-way markets can ensue. chartSimilarly, the current obsession on when the Fed will "pivot" away from its most aggressive rate-hiking campaign in 40 years has been perhaps the single biggest driver of financial markets in recent months. chartAvoiding talk of a pivot will reduce the risk of damaging the Fed's credibility in the eyes of some sections of the public and financial markets, as happened with "transitory."

☆ A new California law aims to protect children's safety, privacy, and wellbeing online
▼ + stars: | 2022-09-16 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

A California bill that aims to protect children's safety and wellbeing online was signed Thursday. The law prohibits companies from tracking children's location and forces websites to protect their privacy. Gavin Newsom said California is taking "aggressive action" to protect kids online. "We're taking aggressive action in California to protect the health and wellbeing of our kids," Gov. This is the most important step ANY state has taken to ensure children's online safety — by far!"

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