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☆ Twitter slipped on removing hate speech even before Elon Musk takeover, E.U. says
▼ + stars: | 2022-11-24 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +3 min

Twitter removed 45.4% of hate speech posts it was notified about in a sample this year, down from 49.8% in 2021, European Union officials wrote in their report. The data was collected from March to May, months before tech magnate Elon Musk bought Twitter for $44 billion and began loosening the site's enforcement even more around hateful posts. law, the Digital Services Act, threatens tech companies with fines in the billions of dollars if they don't strictly police their platforms. Musk has said he's focused less on removing hateful posts and more on limiting how often people view such posts — keeping them from going viral. officials said that they worked with 33 civil society organizations and three public bodies to notify tech companies of violations and monitor takedowns.

☆ Here are investing tips from the memo of Howard Marks, which Warren Buffett reads
▼ + stars: | 2022-11-24 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

This year's extreme volatility has kept investors on edge, but market veteran Howard Marks believes that none of the short-term risks should matter. "Investors should find a way to keep their hands off their portfolios most of the time," Marks said in the memo. The S & P 500 has fallen nearly 16% this year. "Consistently buy an S & P 500 low-cost index fund," Buffett said in 2017. "Think of participating in the long-term performance of the average as the main event and the active efforts to improve on it as 'embroidery around the edges,'" Marks wrote.

☆ Op-ed: Crypto markets need regulation to avoid more washouts like FTX, says Coinbase CEO Brian Armstrong
▼ + stars: | 2022-11-11 | by ( Brian Armstrong | Coinbase Ceo | ) www.cnbc.com time to read: +5 min

The problem is that, so far, U.S. regulators have refused to provide clear, sensible regulations for crypto that would protect consumers. All of this helps explain why more heavy-handed regulation would just make the problem of crypto companies and crypto users going overseas worse. Instead, we need smarter regulation that protects consumers and makes the U.S. a more attractive place for crypto companies to operate. Despite the prevailing notion that crypto companies don't want to be regulated, many — if not most — companies have been working with policymakers for years. Until then, however, regulators need to establish clear rules that bring crypto back on-shore, encourage innovation, and protect consumers.

☆ An investor with 35,000 rental houses is sitting on $3 billion of 'dry powder' as it waits for the perfect time to buy up thousands more homes
▼ + stars: | 2022-11-10 | by ( James Rodriguez | ) www.businessinsider.com time to read: +4 min

Tricon Residential is one of the biggest owners of single-family rental homes in the US. Berman said the company expected to buy up 850 homes in the fourth quarter, for a total of 7,300 this year. Berman said the company was "slowing down today" so it could buy larger portfolios at discounted prices in the future. Single-family rental operators may be slowing down in the short term, but the biggest players have been adamant that the fundamentals of their business remain strong. "We also think that a lot of the startups in single-family rental may have trouble getting financing, and so maybe some portfolios shake loose.

☆ Corporate entertaining has come roaring back
▼ + stars: | 2022-11-08 | by ( Alexandra Peers Cnn Business | ) edition.cnn.com time to read: +6 min

Boosted by a Covid-era tax break-window that closes at the end of the year — and under pressure to cement ties and reassure clients — companies are now spending big on wining and dining current and potential customers. The company, which has operations globally, needed something that would make clients “want to get on a plane from Singapore, from Japan” to attend. “It’s just like when kids go back to school and don’t want to, but then they get excited,” he said. And in the restaurant, guests typically opt for the $298 chef’s tasting menu — $468 with wine pairings. The deduction, which was meant to help support restaurants during the pandemic, only applies to restaurant meals, and only if a member of the client company is present.

☆ Premarket stocks: Why America's job market hasn't imploded
▼ + stars: | 2022-11-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Mortgage rates are at their highest levels since 2002, consumer spending and business investment is falling and the Federal Reserve is fighting persistent inflation with higher interest rates. “While job openings should continue to fall in the months ahead, the fact that they remain well above normal levels should continue to support strong job growth, possibly all the way into 2023,” said David Kelly, chief global strategist at JPMorgan Funds. The job market is good for workers but it’s not good for inflation. The problem is that this time around, the shape of the job market is different. Oil stocks and health care companies are leading the market, with Chevron (CVX), Merck (MRK) and Amgen (AMGN) topping the Dow leaders list.

☆ After Elon Musk’s wild weekend on Twitter, will advertisers stick with it?
▼ + stars: | 2022-11-01 | by ( Clare Duffy | ) edition.cnn.com time to read: +8 min

“I think advertisers are bracing to leave,” said Claire Atkin, co-founder of the adtech watchdog Check My Ads. Most marketers bristle at the thought of having their ads run alongside toxic content such as hate speech, pornography or misinformation. Also on Monday, Angelo Carusone, CEO of media watchdog Media Matters for America, tweeted calling on major Twitter advertisers “to be putting pressure on Twitter right now” to better address the increase in hate and other toxic content. “I think advertisers are going to look at this and say, is the weak Twitter advertising product becoming a better or worse investment? After GM announced its Twitter advertising pause, some users on the platform, including some right-leaning political figures, have called for a boycott of the automaker.

☆ Stocks: Dow on track for best month in more than 45 years
▼ + stars: | 2022-10-31 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN Business —The Dow fell slightly midday Monday but is still up 14% this month, putting it on track for its best monthly gain since January 1976. Still, it’s fitting that on Halloween, candy maker Hershey (HSY) is trading at an all-time high, Shares are up nearly 25% this year. That’s nearly half of the Dow stocks. Oil stocks and health care companies are leading the market, with Chevron (CVX), Merck (MRK) and Amgen (AMGN) topping the Dow leaders list. This list of well known, brand-name stocks trading at record highs is further proof of that point.

☆ ‘Quiet layoffs’ are growing across Big Tech, benefiting the image and bottom line of major companies while hurting workers
▼ + stars: | 2022-10-27 | by ( Kali Hays | Diamond Naga Siu | ) www.businessinsider.com time to read: +6 min

Tech companies of all sizes are facing the brunt of a volatile economy, impacting their stability. Tech companies are having a tumultuous time. "There is nothing that prohibits an employer from doing mass PIPs or letting people go," Rella said. Using workers' performance, and setting new standards for them to be judged on, like what is happening inside Facebook, is workers bearing the brunt of mismanagement. Yet, mass PIPs are ultimately an improper usage of a management tool that should be prefaced with feedback and coaching, said Cooney of Bambee.

☆ From 'labor hoarding' to layoffs: Get ready for a brutal U-turn in the job market
▼ + stars: | 2022-10-27 | by ( George Pearkes | ) www.businessinsider.com time to read: +9 min

This desire for positivity may explain the popularity of a hot, new theory about the job market: labor hoarding. A bet on the futureThe idea of labor hoarding is basically an assumption about the bet that companies are making on the future of the labor market and customer demand. Another helpful tool to see how businesses are adapting to the labor market is the Bureau of Labor Statistics' quarterly Business Employment Dynamics report. Instead, we're seeing a more-balanced response consistent with a tight labor market that is losing some steam. So when the real pain starts, there's a good chance the US will quickly shift from labor hoarding to layoffs.

☆ Companies are making climate pledges they don't have the capacity to keep, Microsoft President Brad Smith says
▼ + stars: | 2022-10-26 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +3 min

Brad Smith, president of Microsoft Corp., speaks during a climate initiative event at the Microsoft Corp. campus in Redmond, Washington, U.S., on Thursday, Jan. 16, 2020. SEATTLE — Companies are on the hot seat to respond to climate change like never before, but most corporate leaders don't have the tools necessary to meet those pledges, said Microsoft President Brad Smith last week at the inaugural Breakthrough Energy Summit in Seattle. "By our count, 3,470 companies around the world have signed up for a climate pledge," said Smith. That stage of the industry, often called carbon accounting, is also "in this incredibly nascent stage," Smith said, and companies don't have enough workers with the right skillsets to help accelerate their progress, Smith noted. As the industry matures, tools will emerge to help with tracking, but with so much uncertainty today, some companies avoid making climate pledges at all, according to Greg Guyett, co-CEO of global banking and markets at HSBC.

☆ Amazon reporter Eugene Kim shares how he gets inside one of the most powerful — and feared — companies in the world
▼ + stars: | 2022-10-26 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +5 min

This week, Sarah Belle Lin, an Insider fellow, interviews Eugene Kim, our Amazon reporter and chief tech correspondent, about covering the US's largest online retailer. You're an Amazon reporter whose expertise lies in Amazon, Jeff Bezos, Andy Jassy, e-commerce, and cloud computing. I started out as an enterprise-tech reporter in 2014 covering business software like Salesforce, Oracle, and Dropbox. We didn't have a full-time reporter covering Amazon at the time because it wasn't as big. Both of those things have been integral to Amazon's corporate culture for a very long time, so it's fair to say they are key parts to the company's success.

☆ How obscure government documents foreshadowed divorce for Kanye West, Marjorie Taylor Greene, and Madison Cawthorn
▼ + stars: | 2022-10-16 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +9 min

Republican Rep. Marjorie Taylor Greene of Georgia, for one, puts her marriage first among her qualifications for elected office. "Marjorie Taylor Greene is a conservative wife, mother of three, a successful business woman and job creator. (Marjorie Taylor Greene, too, has sometimes herself invested in companies that clash with her social sensibilities.) Months later, Cawthorn would reveal in his annual personal financial disclosure that he and Bayardelle, despite their splashy nuptials, had never pooled their finances or jointly owned reportable assets. From billionaire to billionaire, Michael Bloomberg could teach Kanye West a lesson about how to hide one's personal finances when running for president.

☆ How Blackstone, the private equity giant behind cult-favorite sunscreen Supergoop, is thinking about its next big consumer bet
▼ + stars: | 2022-09-26 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +6 min

The growth of e-commerce has opened new private equity opportunities, a top investor said. The $941 billion private equity firm took a majority stake in Supergoop last December. The investment valued Supergoop, which makes sunscreen and sun protection-focused makeup, at some $600 million to $700 million at the time, Bloomberg News reported. "What is at work here is the colossal, growing nature of private equity everywhere," said Carter Dougherty, communications director for the progressive advocacy coalition Americans for Financial Reform. Some $78 billion of that is in private equity, with the rest across real estate, hedge fund solutions, and credit and insurance, according to filings.

☆ All the economic good news, from jobs to inflation, was just a momentary blip. The worst is yet to come.
▼ + stars: | 2022-08-30 | by ( Neil Dutta | ) www.businessinsider.com time to read: +10 min

From inflation to consumer spending, there are clear signs that the economy is still in real danger of being pushed into a recession. While Americans' expectations for inflation over the next 12 months have ebbed somewhat, they're still sitting at 6.2%. With strong private demand, consumers are signaling that while labor-market conditions are strong, momentum is slipping. This means the increase in consumers' spending in the first half of the year was driven exclusively by them tapping into their savings. Prematurely easing inflation-reduction policy with inflation rates still elevated risks pushing up inflation expectations and entrenching a higher inflation rate into the economy.

☆ Americans agree — companies should invest in workers, including paying employees a livable wage
▼ + stars: | 2022-05-26 | by ( Martin Whittaker | ) www.businessinsider.com time to read: +6 min

But there's a difference between increasing pay and giving workers a living wage. Recent polling shows that 85% of Americans want companies to invest in their workers. And while many companies have been doing so by increasing starting pay and adding new benefits, now it's time to tackle paying a living wage. Paying a living wage is a key part of the equation. This is just one example of workers' financial security needs helping to drive corporate action (PayPal is probably the most well known).

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