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☆ Buzzy startups failed to fix mental-health care. Now their mistakes are fueling the space's next generation.
▼ + stars: | 2022-12-01 | by ( Blake Dodge | ) www.businessinsider.com time to read: +13 min

In the past two years, highly funded startups have tried to disrupt mental-health care. The startups said they wanted to help solve the industry's biggest problems: Mental-health care is too expensive, and there isn't enough of it to go around. Talkspace's priority is now its division that sells mental-health care to employers, which pay recurring fees for employee access. Startups tackling more serious mental-health conditions are working with health plansThere's also a rising crop of mental-health companies tackling the costliest mental-health conditions, something the direct-to-consumer firms tend to shy away from. About half of Bicycle's patients pay with their insurance, a number he's looking to increase.

☆ Real estate investing 'created this life of freedom': Michigan couple brings in $11,000 a month for only 2 hours of work
▼ + stars: | 2022-11-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

Those real estate ventures aren't their only income streams. But the real estate business is particularly important to them, both financially and symbolically, they say. Of their multiple income streams, the real estate investments give them the most bang for their buck. High costs, high rewardsAfter realizing they had a knack for flipping housing, the couple started venturing into real estate during the winters, when Michigan weddings were sparse. Jamie and Sarah spend an additional 40% of those earnings on services like trash collection, ground maintenance and pest control.

☆ Citi AT&T Points Plus Card review: Earn a $100 welcome bonus and up to $240 in annual statement credits for no annual fee
▼ + stars: | 2022-11-30 | by ( Tessa Campbell | Personal Finance Reviews Fellow | Read More | ) www.businessinsider.com time to read: +24 min

More Information The information related to the AT&T Points Plus℠ Card from Citi has been collected by Business Insider and has not been reviewed by the issuer. Review: Is the Citi AT&T Points Plus credit card the best card for you? Read our review Read Our Review A looong arrow, pointing rightFees and costsThe AT&T Points Plus℠ Card doesn't charge an annual fee. Does the Citi AT&T Points Plus card come with cell phone insurance? No, the AT&T Points Plus℠ Card unfortunately does not come with cell phone insurance.

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☆ Secret 9/11 memo reveals Bush rewriting the history of the 9/11 attacks and the warnings he'd tuned out
▼ + stars: | 2022-11-30 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +19 min

The ten members of the 9/11 Commission got to ask him and Vice President Dick Cheney any question they wanted about the September 11th attacks. What the new memo makes clear is that the White House's lack of urgency in facing down the domestic Al Qaeda threat wasn't all that complicated. Fortunately for Bush, the 9/11 Commission Report was careful not to point the finger directly at the sitting president. Still, when set beside the newly declassified memo, their official version of history as described by the 9/11 Commission Report feels incomplete, and sanitized. On the question of whether Al Qaeda came up during the August 17 briefing, Morell said he did not remember.

They’re offering more policy briefings to longtime supporters, Zoom calls with top administration officials and White House tours, too. "The $500,000 people like me, we’re not going to be players in 2024," said Dick Harpootlian, a longtime Democratic donor and South Carolina state senator. For the White House, the shift is an acceleration of a courtship campaign that began more modestly before the midterm elections. Amid concerns about the omicron variant last year, the White House was forced to abandon plans for a more full set of holiday parties. Some of those same people were invited to the White House next month for an in-person policy briefing.

☆ Elon Musk may be luring Apple into a fight with Republicans
▼ + stars: | 2022-11-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Vance, both Republicans, made remarks about Apple's situation that show how Musk could put Apple in a tough spot. It's just one of a vast number of apps on the App Store, and it isn't a huge moneymaker for Apple through in-app purchases. He also accused Apple of threatening to pull the Twitter app from the App Store . Over the past week, Twitter owner Elon Musk has been poking Apple , the big bear of Silicon Valley, which controls app distribution to every iPhone. But Apple would be much more likely to pull the Twitter app if it tries to cut Apple out of its platform fees.

It was in China's interest to make its "best efforts" to induce North Korea to denuclearise, he said. North Korea's tests overshadowed multiple gatherings this month of international leaders, including the Group of 20 conference in Bali, where Yoon pressed Chinese President Xi Jinping to do more to rein in North Korea's nuclear and missile provocations. China is South Korea's largest trading partner, as well as a close partner of North Korea. South Korea, Japan, and the United States have agreed to share real time information for tracking North Korean ballistic missile tests. Now Japan faced more and more threats from North Korea’s missile programme, including tests that overfly Japanese islands, Yoon said.

☆ Fintechs are opening up access to alternative investments previously reserved for sophisticated investors, but some VCs question if that's a good thing
▼ + stars: | 2022-11-28 | by ( Asia Martin | ) www.businessinsider.com time to read: +8 min

But some don't think retail investors are ready for the level of risk in the asset class. Alternative investments, as the name suggests, is an asset outside of traditional investments like stocks, bonds, and cash. Investors choose from private-equity funds, venture capital, hedge funds, real estate, and art, among other areas. Such returns have attracted state pension funds, university endowments, and, most recently, individual investors from the ultra-high-net-worth to the Joe Schmoes. Companies like iCapital, Allocate, RealBlocks and CAIS (pronounced case) launched to help wealth-management firms usher their clients into sought-after private market funds.

☆ I Finally Found a Hat That Fits Over a Bun, Top-Knot or Updo
▼ + stars: | 2022-11-27 | by ( ) www.wsj.com time to read: +3 min

When I started wearing my hair in a bun virtually every day, I discovered that wearing a sun hat became…a real pain in the buns. Suddenly, the bucket hat styles that I’d loved for years either didn’t stay on my bun-topped head or looked rather ridiculous—like a lumpy Cat in the Hat. The North Face hat is made for outdoor adventures, fabricated from a durable, quick-dry recycled nylon with a perfectly-angled bucket brim with some oomph to it. The North Face name and logo comes embroidered boldly and noticeably smack-dab on the forehead, which was a little too much for me. Once I started wearing it all the time, in my Brooklyn neighborhood, I realized it was more an object of envy than ridicule.

Among them is Best Buy: Its holiday sale began on October 24 and we expect even better deals to pop up today. It's now available on clearance from Best Buy, making it even more affordable to buy than ever. $739.00 from Best Buy Originally $799.00 Save 8%Best Buy Cyber Monday 2022: What to expectThough Best Buy's holiday sale already kicked off a while ago, the best deals are cropping up today on Cyber Monday. Best Buy has stated that its sale has already begun since October 24, but we expect the best deals to show up on Cyber Monday. Best Buy store hours differ by location, so you'll need to check your local store's Cyber Monday hours.

Great Price Hisense U8H 4K TV (55-inch) This HiSense 4K TV offers impressive features like Dolby Vision, Alexa-voice control, and variable refresh rate for gaming at an excellent price for a TV that launched in 2022. Great Price Vizio 70-inch MQ6 QLED 4K TV Vizio's latest MQ6 4K TV model uses quantum dots to deliver a wide ranger of colors. Deal LG 65-inch C1 OLED 4K TV LG’s C1 remains an excellent 4K TV. Who has the best TV deals on Cyber Monday? Many stores offer TV deals on Cyber Monday, but Best Buy, Amazon, and Walmart tend to have the best sales.

☆ Outperforming asset manager picks the stocks set to win as margins get squeezed
▼ + stars: | 2022-11-25 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

"Consumers are going to have their purse strings pulled by utility bills, higher mortgage costs, higher petrol prices, and there's going to be margin squeeze." He said wage pressure and higher commodity prices were particularly challenging and could eat into companies' margins. Luxury Luxury stocks are another favorite for Armstrong. Moreover, the "massive" profit margins of luxury companies are also insulated from increases in input prices, he added. Within the space, Armstrong's fund owns French luxury goods companies LVMH and Hermes , given their "defendable margins" and the ability to be price setters.

☆ Meta is promoting its VR headset with a 3D spaceman bursting out of London's most famous advertising billboard
▼ + stars: | 2022-11-24 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Meta unveiled a new 3D ad for its Meta Quest 2 VR headset on London's Piccadilly Circus. Meta's Reality Labs took over the Piccadilly Lights in the heart of London's West End to promote its Meta Quest 2 virtual reality headset. Since 2019, the Facebook owner has pumped $36 billion into Reality Labs, according to an Insider analysis of Meta's financial filings. Reality Labs posted an operating loss of $9.4 billion in the first nine months of this year alone. The Meta Quest 2 ad will run until the end of the year and it will be rolled out across the US as well.

REUTERS/Richard Carson/File PhotoLONDON, Nov 23 (Reuters) - You can sometimes buck the market - for a time at least. Even mention government or central bank intervention in financial markets to many professionals and you elicit a tirade on such futility against forces beyond control. Against that, this year was marked by three very different examples of direct financial market intervention that appear to have succeeded in their narrow and targetted goals at least - despite many doubts whether they would or even could work. And it was at least in some part due to the SPR intervention, even if that was aided by central bank tightening and slowing world demand. All three examples of market intervention had their own dynamics and drivers.

☆ We compared 9 major grocery stores to find out which one offers the best deal
▼ + stars: | 2022-11-22 | by ( Ann Matica | ) www.businessinsider.com time to read: +6 min

Thanksgiving turkey prices increased by as much as 28 percent from the same time last year. Insider compared turkey prices at nine different retailers to find out which one has the best deal. We compared turkey prices from nine major grocery store chains to determine which one offers the best bang for your buck this holiday season. "Even as grocery prices rise nationally, shoppers can rely on Lidl for the best deal to feed their family this holiday season, Stefaqqn Schwarz, Lidl US chief product officer, said. Talia Lakritz/InsiderThe grocery store Wegmans has an array of turkey sizes available for customers to choose from.

☆ The dollar's dominance has peaked now that inflation is falling and Fed tightening has been priced in, State Street strategist says
▼ + stars: | 2022-11-22 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Dwyfor Evans said, "the worst is over as far as inflation is concerned… and the tightening of policy by the Fed is priced in." We think we're moving towards an environment that is actually going to be more supportive for some of the higher-beta currencies." "Inflation in the US is actually falling quite sharply on a short-term basis in various sorts of sectors," he said. "The tightening of policy by the Fed is actually priced in," he said. Read more: Larry Summers doesn't see US interest rates topping 5% as the Fed juggles the 'two-sided risk' of inflation and slowdown

☆ Elon Musk has upended Twitter’s business. Here’s how he could fix it
▼ + stars: | 2022-11-22 | by ( Clare Duffy | ) edition.cnn.com time to read: +9 min

The Tesla CEO has previously said he “hates advertising” and, as Twitter’s owner, professed a desire to make the company more reliant on subscription revenue than advertising dollars. Twitter has always struggled to turn its outsized influence in media, politics, and culture into a highly successful advertising business. Twitter’s advertising business has long been smaller than that of rivals like Facebook, in part because it didn’t offer the same level of user targeting. To successfully overhaul Twitter into a thriving subscription business would be to buck the trend of many other media properties that have struggled with the model. Twitter’s ad woesWhether he likes advertising or not, the business made up 90% of Twitter’s revenue prior to Musk’s takeover and replacing it won’t be an immediate shift.

☆ Billionaires like Elon Musk want to save civilization by having tons of genetically superior kids. Inside the movement to take 'control of human evolution.'
▼ + stars: | 2022-11-17 | by ( Julia Black | ) www.businessinsider.com time to read: +40 min

"We are the Underground Railroad of 'Gattaca' babies and people who want to do genetic stuff with their kids," Malcolm told me. Ellison, meanwhile, who has two children in their 30s, has reportedly resumed having kids — with his 31-year-old girlfriend. "The person of this subculture really sees the pathway to immortality as being through having children," Simone said. The person of this subculture really sees the pathway to immortality as being through having children. Before she met Malcolm, Simone was convinced she wanted to live her life single and child-free.

☆ Nvidia says it is working with Microsoft to build 'massive' cloud AI computer
▼ + stars: | 2022-11-16 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

OAKLAND, Calif, Nov 16, (Reuters) - U.S. chip designer and computing firm Nvidia Corp (NVDA.O) on Wednesday said it is teaming up with Microsoft Corp (MSFT.O) to build a “massive” computer to handle intense artificial intelligence computing work in the cloud. The AI computer will operate on Microsoft’s Azure cloud, using tens of thousands of graphics processing units (GPUs), Nvidia’s most powerful H100 and its A100 chips. “We're seeing a broad groundswell of AI adoption ... and the need for applying AI for enterprise use cases.”In addition to selling Microsoft the chips, Nvidia said it will partner with the software and cloud giant to develop AI models. Buck said Nvidia would also be a customer of Microsoft’s AI cloud computer and develop AI applications on it to offer services to customers. This is important as heavy AI computing work requires thousands of chips to work together across several servers.

☆ Jeff Bezos plans to give away most of his fortune: Why 'it’s a big deal,' from a philanthropy expert
▼ + stars: | 2022-11-16 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Jeff Bezos finally said he plans to give away the "majority" of his $122 billion fortune during his lifetime. Bezos had 'resisted developing a public philanthropic identity'Why is the 58-year-old Bezos just now committing to giving away the bulk of his fortune? For years, Soskis says, Bezos "resisted developing a public philanthropic identity," a position that the researcher believes had "become increasingly untenable" amid public criticism of Bezos' massive wealth. Gates and Buffett are the founders of the Giving Pledge. The analogy could be seen as an attempt to explain why Bezos has waited to announce his philanthropic plans, and why those plans still remain somewhat vague.

☆ Global financial giants and the New York Fed are rolling out a digital dollar test run as crypto reels from FTX's crash
▼ + stars: | 2022-11-15 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Large global banks are planning to pilot a digital dollar with the New York Fed. The test run will examine how a digital token can help expedite payments. Other firms also listed by the New York Fed include BNY Mellon, PNC Bank, Truist Financial, US Bancorp and TD Bank. All of the firms will participate in the project and use simulated data in a test environment. The test run follows the latest blow to the crypto sector, which was rocked last week by FTX's liquidity crisis and bankruptcy filing.

☆ Consumers are looking to chocolate, Oreos, and Twinkies to 'not feel terrible all the time' — Hershey, Hostess, and Mondelez are cashing in
▼ + stars: | 2022-11-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

Consumers are buying more chocolate and cookies as recession fears hang over the economy. But they are still buying smaller pleasures, including sweet treats like cookies and chocolate. Now, many of the same companies are seeing sales of chocolate, cookies, and other sweet snacks rise. "Our products remain an affordable treat for families and consumers," Michele Buck, the CEO of Hershey, told analysts on a call. While consumers cut back spending in many areas, such as travel, sales of lipstick actually grew.

☆ Why corporate leaders like Mark Zuckerberg, Jack Dorsey, and Evan Spiegel are all apologizing for the massive layoffs at their companies
▼ + stars: | 2022-11-15 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +10 min

Since the pandemic, the largest tech layoffs have been at Meta, Getir, Booking.com, Twitter, Uber, Better.com., Peloton, and Groupon, Layoffs.fyi data show. Now companies in tech are reversing some of the huge hiring that they did in the past couple of years, Lee said. Mark Zuckerberg, MetaFacebook CEO Mark Zuckerberg speaks about "News Tab" at the Paley Center, in New York on October 25, 2019. In the memo he wrote: "Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. Jack Dorsey, ex-CEO TwitterTwitter CEO Jack Dorsey testifies before the House Energy and Commerce Committee in Washington, DC, in 2018.

☆ Tech stocks have been crushed. What’s next for the FAANGs?
▼ + stars: | 2022-11-14 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

New York CNN Business —The great bull run for tech stocks may finally be over. The tech sector has been a market leader for years, but there are growing concerns about the future. Todd Sohn, director and technical strategist at Strategas, noted in a report late last week that when tech stocks imploded in 2000 as the dot-com bubble burst, it wasn’t until after the 2008 financial crisis before tech resumed a role as a market leader. But cybersecurity stocks such as Palo Alto Networks (PANW), as well as semiconductors, are more reasonable. In other words, tech investors should be looking tor more boring parts of the sector, not assets like crypto that are more about hype than substance.

☆ The 'next Warren Buffett' curse: Sam Bankman-Fried is the latest market icon to fall after being compared to the legendary investor
▼ + stars: | 2022-11-12 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

The Warren Buffett curse is alive and well following the collapse of Sam Bankman-Fried and his crypto exchange FTX. Fortune magazine asked if Bankman-Fried was the next Warren Buffett in an August profile. Fortune put Bankman-Fried on the front page of its August issue, asking readers if he was in fact the next Warren Buffett? Several of Palihapitiya's SPAC companies soared in value amid the SPAC boom of 2020 and the early months of 2021. Palihapitiya was often compared to Buffett by market participants, and Brown called the investor "the new Buffett" on a podcast in January 2021.

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