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What I got wrong about loyalty at work
  + stars: | 2024-02-12 | by ( Aki Ito | ) www.businessinsider.com   time to read: +8 min
In the story, I wrote that people seem to divide into two groups when it comes to the decline of workplace loyalty . To my surprise, a lot of older readers took issue with getting lumped into the pro-loyalty camp. Someone else wrote, more gently, "While I feel you're spot on with most of your facts you've got gen x all wrong." They added: "My generation leads in workplace dissatisfaction and realized 2 decades ago that there was no more corporate loyalty." There isn't a generational divide over workplace loyalty, these readers were telling me.
Persons: Gen Xers, Gen Zers, I'd, Readers, X, Gabriel, he'd, I'm, they've, I've, , Gen, isn't, Aki Ito Organizations: Business Locations: American, America, TikTok
Donald Trump returns to court Thursday in his New York hush-money case. The hush-money case is on track to be tried first out of the former president and GOP frontrunner's four felony indictments. AdvertisementCourt officers kept careful watch at Donald Trump's hush-money arraignment in New York. Merchan pushed back on any premature trial-date tinkering in a letter he sent the hush-money defense team in early September. Reuters/Jane RosenbergSquabbling over evidenceThere's been plenty of squabbling over evidence in the past six months, the hush-money case file shows.
Persons: Donald Trump, , Stormy Daniels, Juan Merchan, Todd Blanche, Susan Necheles, Timothy A, Clary, He'll, Donald Trump's, Andrew Kelly, Trump, it's, Trump's, Merchan, Jane Rosenberg, Bob Woodward, what's, Matthew Colangelo, Colangelo, There's, Attorney Alvin Bragg Organizations: Service, GOP, NY, Trump, Business, Reuters, Manhattan Criminal, New, Manhattan, Attorney, COC, Prosecutors Locations: New York, Manhattan, Florida, Georgia, Brooklyn, New York County
AdvertisementGiraffes might just be the next thing banned on China's social media. The post doesn't mention China and instead promotes US efforts to track down endangered giraffes in Africa using GPS technology. But on Weibo, China's version of X, the embassy's post mysteriously went viral, with 970,000 likes and 180,000 comments as of Tuesday evening. AdvertisementInvestors flooded the giraffe post last weekend with comments complaining about China's slumping stock market, as Bloomberg, CNN, and Reuters reported. Irate commenters were copy-pasting the headline of a state media article, published on the same day as the giraffe post, that said the "entire country is filled with optimism."
Persons: , Xi Jinping, Peppa, Long, haven't, Weibo Organizations: Service, Embassy, Bloomberg, CNN, Reuters, CSI, Beijing, China Digital Times, Business Locations: China, Africa, Weibo, Republic, China's
That has prompted President Joe Biden to repeatedly ask his advisers: Why then are so many Americans still not feeling great about the economy? While inflation has eased in recent months, prices on most goods are still higher than they were in the spring of 2021. Still, Biden’s economic advisers are increasingly telling the president in private that they feel optimistic about the direction things are headed. Historic-high prices that plagued the first few years of the Biden administration continue to moderate, all while economic growth is outpacing expectations. If those trend lines continue, they have cautiously told Biden, consumer sentiment, too, should begin to course-correct.
Persons: Joe Biden, Inflation, Biden, ‘ Sir, we’ll, , , SSRS, Donald Trump, , ” Biden, – we’re, – Sen, Bob Casey of, greedflation Organizations: Washington CNN, CNN, White, University of Michigan, Conference Board, New York Times, UBS Global Wealth Management Locations: Columbia , South Carolina, America, Bob Casey of Pennsylvania, Las Vegas, American
New York CNN —The growing battle between Ivy League institutions and frustrated alumni is now playing out at Cornell University. A prominent alumnus and longtime donor is calling for the immediate resignations of Cornell President Martha Pollack and Provost Michael Kotlikoff, arguing the university’s diversity policies have created a “toxic” environment. Jon Lindseth, an emeritus member of Cornell’s board of trustees, penned an open letter demanding university leaders clean house. Lindseth’s criticism of Cornell’s DEI policies are supported by the Cornell Free Speech Alliance, an alumni group founded in August 2021 pushing to reform the university. While the website for Cornell’s board of trustees does indicate meetings are scheduled, university officials say these are not emergency meetings.
Persons: Martha Pollack, Provost Michael Kotlikoff, Jon Lindseth, Lindseth, Cornell “, ” Lindseth, Bill Ackman, Claudine Gay, Pollack, ” Kraig Kayser, , , ” Joel Malina, ” Cornell Organizations: New, New York CNN, Ivy League, Cornell University, Cornell, Harvard, Cornell Free Speech Alliance, Department of Education, Committee, University and Pennsylvania, Massachusetts Institute of Technology Locations: New York, America, Israel
The end of workplace loyalty
  + stars: | 2024-01-22 | by ( Aki Ito | ) www.businessinsider.com   time to read: +16 min
Do that, and you generate the kind of trust and loyalty that leads to high productivity and low turnover. A world in which the psychological contract is profoundly broken. In the three decades following World War II, as Rick Wartzman documents in his book " The End of Loyalty ," a booming economy made American companies rich. Today, disillusioned workers might assume that the norm of workplace loyalty was nothing but a capitalistic ruse, a way for companies to exploit their employees. But the new loyalty would recognize that employees have to uphold their end of the bargain.
Persons: I've, Gen Xers, Gen Zers, they'll, Rick Wartzman, Wartzman, Denise Rousseau, Rousseau, who's, Mark, , it's, I'm, he's, quitters, Nick Bloom, Stanford University who's, Anthony Klotz, Klotz, they're, It's, Aki Ito Organizations: Companies, Kodak, GE, Carnegie Mellon University, Stanford University, University College London, Employers, Business
Musk appeared to give Tesla's board an ultimatum on Monday, saying he wants 25% voting control at Tesla or he'll stop growing AI development at the electric-car maker. One way of getting that would be via a dual-class stock structure. This isn't uncommon and could mean Musk wouldn't necessarily get more shares but that the ones he held would deliver more voting power. The company's dual-class stock structure provides Zuckerberg and select executive managers and directors with them. "Zuckerberg probably wouldn't have gone public without a dual-class structure," White said.
Persons: , Elon Musk, Mark Zuckerberg, Musk, he's, Tesla, Zuckerberg, It's, Chester Spatt, Joshua Tyler White, doesn't, White, Ofer Eldar, Michael Dell, Anat Alon, Beck, Erik Gordon, Sam Altman's, Gordon Organizations: Service, Meta, Tesla, Business, Carnegie Mellon University, SEC, Vanderbilt, SpaceX, The Boring Company, UC Berkeley, Western Reserve University, University of Michigan's Ross School of Business Locations: Delaware, OpenAI
That’s very different than how Google defines Flatbush:Prospect Park Holy Cross Cemetery Flatbush by google maps Flatbush by readers Prospect Park Holy Cross Cemetery Flatbush by google maps Flatbush by readersLet’s look closely at Brooklyn’s Prospect Heights, which has mostly sharp edges and one very blurry one:Sharp prospect heights Sharp blurry Sharp Prospect Park Sharp prospect heights Sharp blurry Sharp Prospect Park Crown heights Prospect Park Crown heights Prospect Park prospect heights ? Crown heights Prospect Park prospect heights ? Racial composition of Prospect Heights and Crown Heights residents, 2000-2022 80% 60 Black 40 White 20 2000 2022 80% Racial composition of Prospect Heights and Crown Heights residents, 2000-2022 60 Black 40 White 20 2000 2022 Source: Furman Center, N.Y.U. prospect heights Condo for sale crown heights Prospect Park prospect heights Condo for sale crown heights Prospect ParkStreetEasy lists the unit as being in Crown Heights. A local grocery store on Classon Avenue — two blocks east of Washington,prospect heights Key Food Prospect Heights crown heights Prospect Park prospect heights crown heights Key Food Prospect Heights Prospect Parkused to be called Gala Fresh Farms.
Persons: Van, Obeid, , It’s, who’s, New, Casey Berkovitz, Mr, ’ you’re, , Yemen ’, ” Mr, ” Long, Robert Moses ’ Brooklyn, Red, , ” Colson Whitehead, Readers, Fort Greene, Tubby, ., Red Hook, Hook, Whitehead, we’ll, Douglas Elliman, ” “, streeteasy, Xavier Santiago, it’s, Suleiman Osman, Rambo, Ross Perlin, Perlin, Sures, Yemen hasn’t Organizations: Kennedy, Google, Bronx Zoo, East Harlem —, Carnegie, Brooklyn, New York Times, Times, Richmond Hill, city’s, Department, Bronx . The Bronx Muslim, Bushwick :, Stuyvesant Bushwick, Powell, soho tribeca, New York Public, Queens Expressway, Yorkers, steinway, Queens, Navy, Waterfront District, Fort, Brooklyn - Queens, Yorker, Bushwick, Jersey Silver, Park New Jersey Silver, Prospect, White, Furman Center, Sterling, East, Manhattan’s, brooklyn South brooklyn South brooklyn South brooklyn, Liberty Loan, Carroll Gardens, , brooklyn ”, Language Alliance, East Harlem, Washington Locations: New York City, Bronx, Morris, New York, Little Yemen, Manhattan, East, Sugar, Clinton, Rose, Richmond, Todt, Lenox, Forest, Cypress Hills, Murray, Yemen, , Brooklyn, Bushwick, Bushwick : Bushwick Bedford, Stuyvesant Bushwick Bedford, Stuyvesant, Windsor Terrace, windsor, Green, kensington, Queens, Point, Flushing, Powell, Lower Manhattan, TriBeCa, SoHo, Houston, soho, Hudson, Lispenard, Queens Expressway Brooklyn, Astoria, Woodside, Jackson Heights, astoria, sunnyside Brooklyn, Dumbo, Columbia, Red Hook, williamsburg, columbia, carroll, Red, Fort Greene Park Brooklyn, Queens Expressway columbia, Williamsburg, greenpoint East, Queens Expressway williamsburg, greenpoint East River williamsburg Brooklyn, East Williamsburg, , BoCoCa, Hamilton Heights, Greenwood Heights, Hudson Heights, Lincoln, Bridges, Carnegie Hill, Manhattan Valley, SpaHa, Village, Bedford, Kingsbridge, Riverdale, Fort, Inwood, Inwood washington, chelsea, greenpoint tribeca williamsburg ridgewood kew, brooklyn, bushwick, Soho ridgewood kew, Sheepshead, Shore, Staten Island, Jersey, Park New Jersey, Flatbush, Prospect, Prospect Heights , Brooklyn, Heights , Brooklyn, Prospect Heights, Crown, Washington, Classon, Crown Heights, Side, East Harlem, harlem, Harlem, Central, streeteasy, carnegie, South Brooklyn, Carroll, Revolutionary, Boerum, Cobble, South Bronx, Spanish Harlem, South Harlem, Lower, Loíza, Puerto Rico, Language, Barrio, Puerto Rican, Hispaniola, Dominican, Washington Heights
Having employers examine social media wasn't a winning idea for most people. Only about four in 10 workers were comfortable with letting employers mine social media posts — signed or anonymous — for insights. That could come from sites like Glassdoor or apps like Blind or even social media posts that don't identify individuals. Not surprisingly, younger workers were somewhat more comfortable than their older colleagues with companies monitoring social media posts. Among Gen Z and millennial workers, 45% were OK with employers reviewing non-anonymous social media posts.
Persons: , Benjamin Granger, Granger Organizations: Service, Boomers
Walgreens walkout: 5 things you need to know
  + stars: | 2023-10-09 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +7 min
Organizers told CNN they had heard from well over 500 interested stores (out of ​​approximately 9,000) across the country. Another organizer told CNN that Walgreens had asked regional leaders to mobilize and staff the pharmacies on Monday. It’s an incredibly rewarding job, but it’s hard,” said Amanda Applegate, the interim executive director of the Kansas Pharmacists Association. CVS pharmacists also walked off the jobCVS recently had a walkout and talks are not over. Another meeting with Shah is planned for late this week, but no time or location has been set, a CVS walkout organizer told CNN.
Persons: they’ve, , , Amanda Applegate, Peter Bonis, Michael Hogue, Prem Shah, Shah, Amy Thibault, Fraser Engerman Organizations: New, New York CNN — Pharmacy, CNN, WGA, United Auto Worker, Facebook, Walgreens, American Pharmacists Association, National Alliance of State Pharmacy, CVS, Kansas Pharmacists Association, Wolters Kluwer Health, CVS Pharmacy, Kansas City, Locations: New York, Kansas City, United States, Kansas
To that point, many are already getting ahead of holiday expenses. Half of holiday shoppers plan to begin, or have already begun, making purchases before Halloween, according to Bankrate. "The fact that deals start early allows you to research the best options and spread out your cashflow," said Rossman. Overall, think through what your gift-giving budget should be ahead of time so it doesn't create a financial strain. 3 ways to get ahead of holiday spendingwatch now
Persons: David Paul Morris, Hopper, Hayley Berg, Carolyn McClanahan, who's Organizations: Bloomberg, Getty, CNBC, Amazon, Walmart, Planning Partners, CNBC's FA Locations: Jacksonville , Florida, CNBC's
Best High-Yield Savings Accounts for October 2023
  + stars: | 2023-09-28 | by ( Martha C. White | ) www.wsj.com   time to read: +18 min
With the Federal Reserve steadily raising interest rates to fight inflation, high-yield savings account payouts have steadily risen, too. After years of near-zero returns, the average savings account rate has risen to 0.45%, according to the Federal Deposit Insurance Corp. Their new High-Yield Savings account offers a 3.5% APY, but you need a hefty $5,000 deposit to open the account. Unlike some high-yield online savings accounts, you earn a high APY—currently 5%—on every dollar in your account. You can conduct immediate electronic transfers between your brokerage account and savings account, and manage both savings and investment activities on a single platform.
Persons: Martha C, it’s, JPMorgan Chase, Wells, Wells Fargo, Ally, Synchrony, UFB, , Achilles, We’ve, Foster, Alliant, Morgan Stanley, Marcus, Goldman Sachs, Charles Schwab, Charles Schwab Bank Charles Schwab Organizations: Federal Reserve, Federal Deposit Insurance Corp, Capital, National, One’s, JPMorgan, JPMorgan Chase JPMorgan Chase &, Chase Savings, Ally, Synchrony, CIT, First Citizens, Bank, Axos Bank, Webster Bank, National Bank, Zelle, Alliance Data Systems, Comenity Capital Bank, FDIC, Foster Care, Navy, Navy Federal, Savings, Morgan Stanley Private, Morgan Stanley Private Bank, Bloomberg, Trade, Charles, Charles Schwab Bank, Best Bank, National Credit Union Administration, dateline Locations: Chase, Zelle, Ally’s, Utah, Chicago, U.S, .
Senator J.D. And recently, he announced his plans to block all nominations to the Justice Department until it stops what he describes as a “political prosecution” of Mr. Trump. But on Tuesday, Mr. Vance spoke about a different gripe altogether: the relaxing of the Senate dress code, which he said would demean America’s government institutions. They’re frustrated by it, but they respect it and I think the dress code should reflect that.”The recent decision by Senator Chuck Schumer, Democrat of New York and the majority leader, to relax the Senate’s informal dress code and allow members to enter the chamber in casual attire, or even gym clothes, has set off waves of consternation and cries of dismay in the stuffy upper chamber. Many senators, mostly Republicans, have publicly expressed concerns along the same lines as Mr. Vance’s, and privately have said that the change could harm America’s standing on the international stage.
Persons: J.D, Vance of, Biden, , Donald J, Trump, Vance, demean, , Chuck Schumer, Vance’s Organizations: Justice Department, Senate, United States Senate Locations: Vance of Ohio, Appalachia, Cincinnati, New York
Learn moreThe Galaxy Z Flip 5 is Samsung's newest foldable phone with an updated compact clamshell design. Samsung Galaxy Z Flip 5 The Galaxy Z Flip 5 offers big upgrades, and we mean that literally. Samsung also updated its hinge design for the Z Flip 5 so that it shuts completely flat instead of leaving a gap at the hinge, like previous Z Flip models. Samsung’s new hinge lets the Galaxy Z Flip 5 fold completely flat, without a gap at the hinge. The Galaxy Z Flip 5’s camera quality with boosted brightness and colors will be familiar for long-time Samsung fans.
Persons: it's, Antonio Villas, It's, That's, I'm, I'd, you've, you'll Organizations: Samsung, Boas, Google, YouTube, Qualcomm, Samsung's Galaxy, Galaxy, Apple Locations: 50MP
For reasons no one can quite decipher, the legal soap “Suits,” which aired on USA from 2011-2019, has become the show of the summer. While it was popular enough when it aired, I’ve read more “Suits” articles in the last few weeks than during the show’s entire run. The show is a hit on Netflix, but if you are on your “Suits” journey right now, note that the ninth and final season is in fact not on Netflix — though it is on Peacock and Amazon. Perhaps you’re thinking, “Wow, if only there were a spinoff to ‘Suits,’ surely everyone would want in on that.” Well, there is a spinoff to “Suits,” called “Pearson,” which follows Gina Torres’s character, Jessica Pearson, on her next legal endeavor. But in a perfect snapshot of the inane and hostile world of streaming, “Pearson” is not streaming on any platform.
Persons: I’ve, Peacock, , “ Pearson, Gina Torres’s, Jessica Pearson, “ Pearson ”, peters Organizations: Netflix Locations: USA
"You can't just work out; you can't just enjoy it," another former Hamptons trainer added. Several pointed out that TA's longtime Hamptons studio manager left just before the summer season, and a current Hamptons trainer said the manager hadn't been replaced. One person who attends drop-in Hamptons classes said she tried to get into classes for weeks but couldn't get off the waiting list. Katia Pryce, the founder of DanceBody in NYC, worked as a TA trainer more than 10 years ago. A-listers such as Paltrow and Robert Downey Jr. have had TA trainers come to their Hamptons homes for private sessions.
Persons: Tracy Anderson, Michael Rubin's, , Anderson, Anna Kaiser, Dani Levi, they're, Anderson didn't, Neil Rasmus, BFA.com, nonmembers, nonmember, hadn't, Nonmembers, couldn't, Katia Pryce, Pryce, Gwyneth Paltrow, Madonna, She's, Megan Roup, Roup, Tracy Anderson's, Rachel Murray, Paltrow, Robert Downey Jr, Elisa Arcaya, they'd, Arianna Siegel, Levi, Irene Nederlof, Claudia Saez, Fromm, she'd Organizations: White Party, Hamptons, TA, Hampton, Getty Locations: Southampton, Sag, Tribeca, Water, California, Madrid, NYC, New York, Manhattan, Los Angeles, Amsterdam, New York City, London, Miami
Amazon is opening up its Fresh grocery delivery service to people without Prime in select U.S. cities. Last week, Amazon cut some jobs at Fresh grocery stores. And earlier this year, amid mounting costs, Amazon said it would start charging delivery fees on Fresh grocery orders under $150, removing an earlier perk that guaranteed Prime members free delivery on orders over $35. It hopes to roll out Fresh delivery for non-Prime members nationwide, and include products from Whole Foods and other grocers, Amazon executives told Bloomberg. Correction: The revamped format for Amazon's Fresh stores is rolling out at a location in Oak Lawn, Illinois.
Persons: Andy Jassy Organizations: Foods, Fresh, Amazon, Bloomberg Locations: San Francisco, Boston, Nashville , Tennessee, Austin , Texas, Oak Lawn , Illinois
Gen Z employees entered the workforce amid a time of understanding and empathy from managers. As some of these empathetic values fizzle out, Gen Zers are fighting for them to stay. "The response to that was her opening up about her mental health, which I did not expect," Ang said of her boss. Ang is one of many Gen Z employees advocating for themselves on the job — whether it be over flexible schedules, mental-health support, or meaningful work. Many Gen Zers, whose oldest members are now 26, entered the workforce amid COVID-19 lockdowns and a wave of social-justice movements.
Persons: Gen Zers, Alyx Ang, Ang wasn't, she'd, Ang, aren't, Zers, Davina Ramkissoon, Lana Ivory, Ivory, Gen Z, Ramkissoon Organizations: Service, Amazon Locations: Wall, Silicon, Dublin
Mark Zuckerberg's Threads is probably the app best poised to take down Elon Musk's Twitter. The door's now open for two billion people to start threading their thoughts in a place that's not Twitter. Meta's slated to debut its new rival to Twitter — an app called Threads — on July 6. Threads' main advantage is probably the number of people already using Instagram, or a reported two billion monthly active users in 2021. Meta's chief product officer, Chris Cox, has called Threads a response to creators and public figures who wanted a platform that's "sanely run."
Persons: Donald Trump's, Elon, Mark Zuckerberg, Meta, it's, Morgan Stanley, it's gunning, Chris Cox, Musk, Zuckerberg Organizations: Elon, Twitter, Meta, Facebook
China-bashing throws Vodafone a curveball
  + stars: | 2023-06-27 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 27 (Reuters Breakingviews) - Vodafone's (VOD.L) M&A ambitions in Britain are falling prey to anti-China rhetoric. Parliamentarians are also fretting over the security impact on contracts with government departments once the deal goes through. Vodafone may face similar scrutiny, leading to inevitable delays. The fact that CK Hutchison has retained the right to appoint the chief financial officer may be a red flag. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: CK Hutchison's, Li Ka, Franco, Patrick Drahi, Hakan Koc, Pyrros Koussios, Roman Abramovich, CK Hutchison, Pamela Barbaglia, Aston Martin, Lisa Jucca, Streisand Neto Organizations: Reuters, HK, Vodafone, BT, UK's National Security and Investment Act, Twitter, Siemens, Thomson Locations: Britain, China, Hong Kong, Canada
June 21 (Reuters) - Technology trade groups as well as Alphabet's (GOOGL.O) Google have griped to the Federal Trade Commission about allegedly unfair business practices in the cloud, including by the industry's No. 2 by market share Microsoft (MSFT.O). They also follow scrutiny worldwide, including a recent probe by Europe's antitrust authority into Microsoft's licensing agreements that allegedly discouraged rival cloud usage. In one example of the public comments Tuesday, trade group NetChoice took aim at Microsoft and Oracle (ORCL.N). Google echoed the sentiment in its own filing, saying that "licensing terms enforced by Microsoft, Oracle, and other legacy on-premises software providers distort competition in the cloud."
Persons: NetChoice, Urvi Dugar, Jeffrey Dastin, Jaspreet Singh, Krishna Chandra Eluri, Christopher Cushing Organizations: Technology, Google, Federal Trade Commission, Microsoft, U.S, Oracle, Thomson Locations: Bengaluru, Palo Alto, Calif
He is courted by American and European diplomats, applauded by a media machine dedicated to vilifying his critics and still has four years left in a presidential term secured last year with a landslide re-election victory. But President Aleksandar Vucic, Serbia’s strongman leader for more than a decade, never looked so lost as when he appeared this week in an official video on the vast rooftop terrace of his presidential offices to share a bowl of cherries with two lieutenants — and gripe about street protesters calling them rude names, including “abnormal lunatics, murderers and criminals.”Over-the-top insults, a regular feature of Rottweiler tabloids loyal to Mr. Vucic and pro-government television stations, used to be directed mostly at the president’s enemies, at least in public. But, after weeks of street protests set off last month by two mass shootings, Mr. Vucic is now on the receiving end — and on the defensive like never before since establishing himself in 2012 as the pivot around which Serbian politics turns. The protests, with calls for the dismissal of senior law enforcement officials and the withdrawal of broadcasting licenses from two pro-government television stations, have grown into a wider revolt against a “climate of violence” blamed on Mr. Vucic and his media attack dogs.
Persons: Aleksandar Vucic, , Vucic, Organizations: American, Serbian
Apple's new mixed-reality headset, the Vision Pro, was unveiled on Monday. The internet has been having a field day dunking on Apple's new $3,499 mixed-reality headset, the Vision Pro. Vision Pro has been years in the making, reportedly with some setbacks and product-design compromises along the way. Yet, it may have one fatal flaw — the Vision Pro was just another pair of nerd goggles that would make most people look decidedly uncool, Insider's Alistair Barr wrote on Tuesday. "This sounds like the disappointed crowd from Wii sports," a tweet about the viral video said.
Persons: Insider's Nicholas Carlson, Insider's Alistair Barr, Apple's, barreling, gwyneth paltrow, Anne Hathaway, It's, Steve Jobs, — Robert Evans, Robert Evans Organizations: Vision, Morning, Worldwide, Twitter, Wii, Apple Locations: Cupertino
Apple's new mixed-reality headset, the Vision Pro, was unveiled on Monday. The internet has been having a field day dunking on Apple's new $3,499 mixed-reality headset, the Vision Pro. Vision Pro has been years in the making, reportedly with some setbacks and product design compromises along the way. Yet, it may have one fatal flaw — the Vision Pro is just another pair of nerd goggles that will make most people look decidedly uncool, Insider's Alistair Barr wrote on Tuesday. And ever since the announcement, people have been relentlessly mocking Apple's first major product launch in over eight years.
Persons: Insider's Nicholas Carlson, Insider's Alistair Barr, Apple's, AppleVisionPro, barreling, gwyneth paltrow, that's, Anne Hathaway, It's, Steve Jobs, — Robert Evans, Robert Evans Organizations: Vision, Morning, Worldwide, Twitter, Wii, VR, Apple Locations: Redfin, Cupertino
HSBC vote gives Ping An a fresh shove towards exit
  + stars: | 2023-05-05 | by ( ) www.reuters.com   time to read: +2 min
LONDON, May 5 (Reuters Breakingviews) - Ping An Insurance (601318.SS) is having an underwhelming week. Instead, HSBC’s results were decent and the AGM resolution was crushed. True, 20% of votes cast went in favour of plans for a strategic review each quarter which could assess whether to spin off HSBC’s key Asian arm, and to reinstate the bank’s pre-Covid dividend. Ping An could continue to chunter away at HSBC boss Noel Quinn from the sidelines. Throw in the lack of investor support implied by the vote, and Ping An’s essential choice – to pipe down or to sell its stake – has become ever more stark.
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