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☆ Opinion | A Smart Way to Turn Gambling Into a Virtue
▼ + stars: | 2023-07-28 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

Initially proposed to cope with debt from the Nine Years’ War (1689-97), the Million Adventure offered 100,000 tickets at £10 each. The Million Adventure was also a saving program, in that it paid ticket holders a £1 per year until 1710, or a 6.15 percent annual return. Harold Wilson, then the shadow chancellor of the Exchequer, called Premium Bonds a “squalid raffle,” but the British people rushed to buy them. Today about one in three Britons owns Premium Bonds. It has taken longer for prize-linked savings to catch on in the United States, but it’s happening.

Persons: we’re, Benjamin Franklin, Murphy, Harold Wilson, Truist’s Organizations: American Gaming Association, Sports, Britons, Bonds, InTouch Credit Union of, Yotta Technologies Locations: U.S, United Kingdom, British, Denmark, Ireland, New Zealand, Sweden, United States, InTouch Credit Union of Plano , Texas

☆ Opinion: Twitter is gone. Now we’ll see how many people make X their ‘ex’
▼ + stars: | 2023-07-25 | by ( Opinion Bill Carter | ) edition.cnn.com time to read: +6 min

For a whole lot of people, the latter best describes how they are feeling about Twitter, the live social conversation app. Having overseen — devised, really — the demise of Twitter, Musk has also created a reasonable chance that he could now be in charge of a complete brand blowout, should this daring reboot eventuate in extinction for X. The app formerly known as “Twitter” had almost 370 million users globally in December of last year, after Musk paid (overpaid) $44 billion to buy it. Less than a year later, it is already down to 353 million users, and Statista projects the number will decline to 335 million in 2024. Threads reached 100 million users in five days, which was surely the biggest case in history of rustling wandering strays from the herd.

Persons: Bill Carter, Bill Carter Fred Conrad, it’s, Elon Musk, —, Musk, anoint, Molotov, Imran Ahmed, “ Elon Musk, Linda Yaccarino, Twitter ”, can’t Organizations: The New York Times, CNN, HBO, Twitter, Black, Center, San Francisco, SpaceX, Meta, Facebook, SNL, Nike

☆ Here is what Meta's Threads app looks like and how it compares to its main rival, Twitter
▼ + stars: | 2023-07-06 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

Meta released Threads — a new text-based app poised to compete with Twitter — on Wednesday. There are other Twitter competitors, but Threads has the advantage of Instagram's existing user base. Here are some of the in-app differences between Twitter and Threads. Threads, Meta's new text-based app that has been described as the new "Twitter Killer," was released to the public ahead of time on Wednesday. Here are some of the differences between Twitter and Threads in-app experience.

Persons: Donald Trump's, Elon Musk, Musk Organizations: Twitter, Elon Locations: Instagram

NEW YORK, June 27 (Reuters) - The end of the COVID-19 pandemic has weighed not just on demand for Purell but also on efforts to sell the maker of the hand sanitizer. SC Johnson, Ecolab Inc, Essity AB (ESSITYa.ST) and Kimberly-Clark Corp (KMB.N) were among the companies that participated in the auction, the sources said. It is unclear whether the family will now hold on to Gojo and try to seek a sale in the future. The company expanded into skincare and invented Purell, an alcohol-based hand cleaner which dries on its own, in 1988. The company launched Purell in the consumer market in 1997.

Persons: SC, Clark, Kimberly Clark, Essity, Gojo, Goldie Lippman, Jerry, Clarence Cook, Abigail Summerville, Anirban Sen, Leslie Adler, David Gregorio Our Organizations: YORK, Gojo Industries Inc, SC Johnson, Ecolab Inc, Essity, Clark Corp, Thomson Locations: Kimberly, Akron , Ohio, New York

☆ Oral-B releases the world's smartest electric toothbrush. Here are all the bells, whistles, and benefits of the iO Series 10.
▼ + stars: | 2023-06-27 | by ( Sponsor Post | Created Insider Studios With Oral-B | ) www.businessinsider.com time to read: +6 min

Order the Oral-B iO Series 10 available on Amazon now. Notably, the research findings indicated electric toothbrushes reduced gum recession by 22% and tooth decay by 18% over the test period. And it seems the benefits of electric toothbrushes are gaining more recognition among Americans. So, while people see the benefits of electric toothbrushes, their brushing habits and techniques might need some assistance. That's why Oral-B, the industry leader in oral care innovation, has created an electric toothbrush that serves as a personal brushing coach.

Persons: Alita Vegas, Gamble, there's, White, Vegas Organizations: Oral Health Foundation, Centers for Disease Control, Procter, Care, Amazon, Insider Studios Locations: America

☆ Why traditional outsourcing is becoming obsolete as AI continues to evolve
▼ + stars: | 2023-06-23 | by ( Sponsor Post | Created Jampro With Insider Studios | ) www.businessinsider.com time to read: +4 min

But as process automation increases, there's a very real threat that outsourcing companies will gradually lose this original cost advantage: Robots can do it cheaper. Most significantly, third-party digital services providers are now using AI to augment the workforce, allowing employees to focus on higher-value tasks. Clearly, AI is accelerating a transition from low value-added, volume-driven digital services to more sought-after, complex, and creative higher-level digital services such as Knowledge Process Outsourcing and Information Technology Outsourcing. Digital services outsourcing just got better, and AI is responsible. Learn more about the global digital services sector in Jamaica.

Persons: Statista Organizations: Outsourcing, Information Technology Outsourcing, Insider Studios Locations: Jamaica

☆ Singapore kicks off the world's first Olympic Esports Week
▼ + stars: | 2023-06-23 | by ( Audrey Wan | ) www.cnbc.com time to read: +2 min

An athlete warms up before the cycling finals on the second day of Olympic Esports Week in Singapore. Yong Teck Lim | Getty ImagesSINGAPORE — Singapore is hosting the inaugural Olympic Esports Week where over 100 athletes from around the world are competing across 10 virtual sports. It builds on the success of the Olympic Virtual Series staged before the Tokyo Summer Games in 2021, which attracted 250,000 participants, the IOC added. Singapore is no stranger to esports competitions, launching the Singapore Games Association to develop the country's esports ecosystem. The Singapore Tourism Board said the country has the potential to become a "top-of-mind destination for esports fans globally," CNA reported.

Persons: Yong Teck Lim, Alvin Tan, Tan, Halimah Yacob, Newzoo Organizations: Getty, SINGAPORE —, Olympic, International Olympic, Olympic Games, Straits Times, International Olympic Committee, Tokyo Summer Games, IOC, Singapore Games Association, Singapore Tourism Board, CNA Locations: Singapore, SINGAPORE, SINGAPORE — Singapore, Suntec City, Esports, Asia Southeast Asia, Statista

☆ A 20-year fund manager shares 8 mega-trend stocks he's betting will take market share — and the 5 he's shorting
▼ + stars: | 2023-06-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

Gary Black says the stock market will continue to trend higher with volatility this year. What the remainder of 2023 has in store for the stock market is anyone's guess at this point. But Gary Black, a 20-year fund manager, and the portfolio manager and managing partner at The Future Fund, has a more positive outlook. The next mega trend is big data and cyber security. mega trend losersOn the side of stocks being shorted, these are the companies that Black expects will lose market share due to these mega trends.

Persons: Gary Black, Phillip Wool, it's, Black, He's, cybertruck, Tesla, Elon Musk, Eli Lilly, Lilly, LULU, Armour Organizations: Federal, Federal Reserve, EV, Tesla, Company, Palo Alto Networks, Nvidia, Toyota, CNBC, Bloomberg, UA, MAX Holdings Locations: China's, overproducing

☆ Patients left to wait by Britain’s public health service turn to crowdfunding
▼ + stars: | 2023-06-18 | by ( Caolán Magee | ) edition.cnn.com time to read: +7 min

“If we had to wait another two years on an NHS waiting list – Holly might not have made it,” Thomas told CNN. So, her family decided to pursue private medical treatment instead and have exceeded their £5,000 target through crowdfunding website JustGiving. Bruce Viveash/Harrow Borough FC“It took a big hit on my bank account but I had to use private healthcare to save my football career. An increasing number of Britons are paying out-of-pocket to access private healthcare directly. This is “a sad state of affairs,” Wrigley told CNN.

Persons: Holly Reeves, Holly, –, “, Amy Thomas, ” Thomas, David Wrigley, GoFundMe, ” John Coventry, ” GoFundMe, ”, James Taylor, Steve Baker, Taylor, Bruce Viveash, ” Taylor, ” Wrigley Organizations: London CNN, CNN, National Health Service, Foundation Trust, Consumer, National Insurance, British Medical Association, BMA, NHS, crowdfunding, Harrow Borough, Harrow Borough FC “, Private Healthcare Information, OECD, Department of Health, Social Care Locations: Devon, Torbay, South Devon, United States, England, Britain

☆ These 5 charts capture a rollercoaster 15 months for stocks, bonds, and crypto as the Fed pauses its tightening campaign
▼ + stars: | 2023-06-15 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Over the past 15 months, its monetary-tightening campaign fueled wild swings for stocks, bonds, and cryptocurrencies. The central bank didn't raise interest rates at the end of its June meeting Wednesday, opting not to lift borrowing costs for the first time in over 15 months. Stocks, bonds, and cryptocurrencies have all swung wildly over that period – and these five charts capture some of that chaos. When interest rates rise, stocks tend to fall because investors are able to earn better returns by parking their cash in a savings account, rather than buying shares in listed companies. Bond yields spikeBond prices also tend to slide when interest rates rise, again because would-be buyers can earn higher yields by depositing their cash in a bank.

Persons: —, –, Jerome Powell, they've Organizations: Federal Reserve, Service, Stock, Fed, Nasdaq, Dow Jones, Silicon Valley Bank, JPMorgan Chase, Western Alliance, Bitcoin Locations: Silicon, Francisco's, Beverly Hills

☆ Analysis: Why Walmart's new bet on fashion brands, home decor threatens specialty chains
▼ + stars: | 2023-06-15 | by ( Siddharth Cavale | ) www.reuters.com time to read: +5 min

She told Walmart investors its strategy is to "democratize fashion" or convert the company's core, price-conscious shoppers into style-conscious shoppers. It would probably be the rest of the market that should be worried," he said pointing to apparel retailers such as Carhartt. Walmart accounts for 4.6% of the $560.4 billion U.S. apparel market, followed by TJX, Target and Ross at 4.4%, 4.1% and 2.8%, respectively, according to GlobalData. Bankrupt Bed Bath and Beyond was a leader in the home decor and furnishing industry along with furniture chains Ikea and Wayfair. In 2005, Walmart's Metro 7 fashion brand tanked and later designer lines with Max Azria and Norma Kamali also withered.

Persons: Walmart Supercenters, Drew Barrymore, Sofia Vergara, Denise Incandela, George, Ralph Lauren, Rosenblum, Privately, Refinitiv, TJX, Ross, Brandon Maxwell, Clea Shearer, Joanna Teplin, fryer, Sofia Jeans, Vergara, Arun Sundaram, Sundaram, Max Azria, Norma Kamali, Siddharth Cavale, Vanessa O'Connell, David Gregorio Our Organizations: Walmart, Reebok, Saks, Tilly's Inc, Abercrombie, Fitch, Bravo, Netflix, Bed, Amazon.com, Walmart's Metro, Thomson Locations: Bath, U.S, Bed Bath, Walmart's, New York

☆ Lionel Messi is already impacting US soccer
▼ + stars: | 2023-06-14 | by ( Matias Grez | ) edition.cnn.com time to read: +7 min

CNN —Lionel Messi’s move to Inter Miami is yet to be finalized, but already his impact on Major League Soccer is being felt. “For those people who want to be able to say: ‘I was there at Lionel Messi’s first MLS game,’ demand will exceed supply. Before Messi, Pelé was arguably the most famous face to play soccer in the US. Inter Miami fans have had very little to cheer this season, sitting bottom of the Eastern Conference. CNN has reached out to Major League Soccer, Inter Miami, Messi’s representative, Apple and David Beckham, who is part of Inter Miami’s ownership team, to confirm the financial details.

Persons: Lionel Messi’s, David Beckham, Zlatan Ibrahimovic, Wayne Rooney, Messi, Jim Curtin, “, Messi’s, Kieran Maguire, The Price, ” Maguire, He’s, Cruz Azul, –, TickPick, StubHub, Pelé, George Tiedemann, Lionel Messi, Beckham, Maguire, ”, we’ve, Michael Reaves, Eddy, “ He’s, it’s Messi Organizations: CNN, Inter Miami, Major League Soccer, Philadelphia Union, ” Inter Miami, Football, University of Liverpool Management School, CNN Sport, Premier League, Arsenal, MLS, Inter Miami’s Leagues, Cruz, New York Red Bulls, Big Apple, Inter, Los Angeles FC, Eastern Conference, NFL, MLB, NHL, New York Cosmos, North American Soccer League, Argentine, Los Angeles Galaxy, NBA, ”, Miami, Apple TV’s, Apple, Leagues Cup Locations: Manchester City, Los, Miami, United States, USA, Canada, Mexico, States, Saudi, Saudi Arabia

☆ Fintechs need to focus on the future to develop tomorrow's solutions today
▼ + stars: | 2023-06-12 | by ( Sponsor Post | Created Unlimit With Insider Studios | ) www.businessinsider.com time to read: +6 min

The future is DeFiDecentralized finance (DeFi) has gained significant traction in recent years, offering a new paradigm for financial services that are open, transparent, and community-driven. DeFi adoption will significantly enhance the concept of "embedded finance," and we will see more integration of financial services with traditionally non-financial services or products. Foresee market structure trends and shape them proactivelyWhile fintech's growth in developed markets is undeniable, even more significant potential for growth lies in developing economies. This will empower customers to make payments swiftly and conveniently, ultimately driving higher adoption and usage of fintech solutions. With the fintech industry projected to reach $492.81 billion by 2028, the time to start looking into tomorrow is now.

Persons: Irene Skrynova, Statista Organizations: Intelligence, Central Bank, Allied Market Research, Finance, World Bank, Insider Studios Locations: China, India, Eastern Europe, Africa

A man on Dave Ramsey's show seven years ago said half his income was going towards his car loan. He is now debt free after following Ramsey's advice, and helps others with their own finances. A man who appeared on Dave Ramsey's show seven years ago said the harsh advice he got helped turn his finances around — and that he's now debt free. Ramsey is an American radio host and evangelical Christian who is known for his financial advice. But Amirfarzaneh, who does not have any part in the lawsuit, said he appreciated Ramsey's advice because it was simple.

Persons: Dave Ramsey's, Faraz Amirfarzaneh, Ramsey, Amirfarzaneh, It's, he's, he'd Organizations: BMW, Toyota Avalon, Avalon, Toyota Locations: —, Los Angeles, American, Texas

☆ TikTok Shop, a rising threat to Shopee and Lazada in Southeast Asia
▼ + stars: | 2023-05-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +7 min

CFOTO | Future Publishing | Getty ImagesTikTok Shop is a rising threat to major e-commerce players such as Shopee and Lazada in Southeast Asia. TikTok Shop is the e-commerce marketplace of short video app TikTok, which is owned by Chinese tech giant ByteDance. In 2022, TikTok Shop expanded to six Southeast Asian countries — Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand. TikTok is "focused on the continued development of TikTok Shop in Southeast Asia," said the spokesperson. To incentivize sellers to join the platform, TikTok Shop waived commission fees when it launched in Singapore in August.

Persons: TikTok, Shopee, Shawn Yang, Shop's, Sachin Mittal, Lazada's GMV, Jonathan Woo, Lazada, Shou Zi, Woo, bode Organizations: Blue Lotus Research Institute, Sea Group, DBS Bank, CNBC, Intelligence, Phillip Securities Research, TikTok, U.S, Merchants, SG, Phillip Securities Locations: Southeast Asia, India, Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Southeast, GMV, U.S, Statista, Brazil, China, U.S ., Montana, Texas, Nomieo

☆ The Chinese Dream is dead because China's Gen Z is flat broke, and they have the receipts to prove it
▼ + stars: | 2023-05-19 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

China's Gen Z is broke, and they have the receipts to prove it. This Weibo user in Anhui saved $21.29. What a joke," one Weibo user in Guangdong wrote, posting on Weibo a record of some $1,890 in savings. To put things into perspective, the average Chinese Gen Z-er earns around $596 a month, per Statista. And now that China's Gen Z is feeling the pain, perhaps one Weibo comment — liked more than 700 times at press time — sums it up best.

☆ Tempur Sealy seeks sales bounce with $4 bln deal for Mattress Firm
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +2 min

Shares of Tempur Sealy, which said the deal was expected to be closed in the second half of 2024, were down 3% in premarket trading. Lexington, Kentucky-based Tempur Sealy will pay around $2.7 billion in cash and $1.3 billion in Tempur stock issued to Mattress Firm shareholders, the companies said. After deal closure, Mattress Firm would operate as a separate business unit within Tempur Sealy. Tempur Sealy expects the deal to add to adjusted per-share earnings before synergies in the first year post-close. Tempur Sealy, which separately reported first-quarter sales in line with Wall Street estimates, said it would also expand its board and appoint two Mattress Firm directors once the deal closes.

☆ A.I. could threaten search ad market, but South Korean tech giant Naver also sees an opportunity
▼ + stars: | 2023-05-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The Naver Corp. website arranged on a screen in Gimpo, South Korea on Sept. 9, 2021. While artificial intelligence chatbots like ChatGPT pose a threat to the search ad market, South Korean internet giant Naver sees the rise of AI as an opportunity for the company. Naver is South Korea's most used search engine, according to Statista, commanding a 61.2% market share of monthly active users. In contrast, the ever ubiquitous Google has a 28.55% market share in the country. If fewer people use search engines, that would lead to a decline in search ad revenue, often the largest revenue stream for their operators.

Last year the former leader of Yoon’s party hit out at what he said was the “evil influence” YouTube channels. “After President Yoon Suk Yeol came to power, there have been many cases where the presidential office filed complaints to the media,” Jung said. It has since consistently ranked top in terms of real-time daily viewership on YouTube in South Korea. To Professor Jung, it’s a success that demonstrates “voices cannot be silenced.”Kim, meanwhile, hopes to build a show with as much recognition as any on traditional media. “I will create a type of press that has not yet existed on YouTube,” Kim said.

REUTERS/Anushree Fadnavis/File PhotoSummarySummary Companies Reliance's JioCinema to lock horns with Netflix, DisneyWarner deal to boost English content, local content in focus tooExecutives say Warner deal will boost Reliance streaming plansJioCinema content quality key to beat rivals, analyst saysMUMBAI, April 28 (Reuters) - The video streaming business of Mukesh Ambani, Asia's richest person, is likely to focus on pricing and local content following a deal with Warner Bros as it seeks to challenge the likes of Disney and Netflix, industry sources said. While Netflix and other rivals boast of content specially created for the India audience, JioCinema's current free offerings largely include old Hindi and local language movies. The big challenge is lack of fresh local and global content on JioCinema, something that will be become even more critical as the IPL season ends next month. They have also diversified into regional local language content. The only way to scale up is to really differentiate your content and make sure execution is right," he said.

[1/2] A man charges an electric vehicle (EV) at the charging hub of Indian ride-hailing BluSmart Electric Mobility in Gurugram, India, December 9, 2022. SCALING UPIndia's ride-hailing market is currently worth $13.4 billion - a tenth of China's - and penetration is just 7%, according to Statista, making the country of 1.4 billion a lucrative opportunity. BluSmart, which operates in just two cities with 5,000 vehicles, says it commands 9% market share of Delhi's ride-hailing market. In February, Uber's India chief Singh dismissed concerns about BluSmart, saying Uber still offered more diverse ride options, including scooters and autorickshaws. "In a way it (BluSmart) has forced Uber to reimagine how it wants to play in India," WEF's Khurana said.

☆ Discord users say Jack Teixeira only leaked documents to show off. That's a problem for the US military, which uses the app as a conduit for recruitment: reports
▼ + stars: | 2023-04-16 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Jack Teixeira, a 21-year-old airman, was accused of leaking US intelligence documents on Discord. The US military uses Discord to recruit young people who are enthusiastic about video games. Jack Teixeira, a 21-year-old junior-ranking US National Guard airman, was arrested on Thursday in connection to the leak of classified Pentagon documents. Some Republicans — most prominently Rep. Marjorie Taylor Greene — have hailed Teixeira as a national hero, but members of Thug Shaker Central said otherwise. A spokesperson for Discord and the Defense Department did not immediately respond to a request for comment.

☆ England's top soccer clubs agree to ban gambling sponsors on front of matchday shirts
▼ + stars: | 2023-04-13 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Dwight McNeil (L) and Demarai Gray of Everton during the Premier League match between Manchester United and Everton FC at Old Trafford on April 08, 2023 in Manchester, England. The club's shirts are sponsored by online casino Stake.com. Soccer clubs in England's top-flight Premier League on Thursday agreed not to allow gambling firms to advertise on the front of matchday shirts from the end of the 2025/2026 season. The move comes amid widespread concern and ongoing campaigns to reduce or ban gambling advertising. The Premier League did not immediately respond to a request for comment.

☆ China is facing a population crisis but some women continue to say 'no' to having babies
▼ + stars: | 2023-04-10 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +7 min

D3sign | Moment | Getty ImagesChina is facing a population crisis in part due to more women choosing to focus on their careers and personal goals, instead of starting a family. Helping women strike the balanceTrip.com is one Chinese company that takes pride in trying to encourage more women to have children. Women in China who want to freeze their eggs must be married, according to Chinese regulations. However, some women in China want children but may not be ready to get married, said Mu the assistant professor from NUH. Shannon a single motherAdditionally, women who divorce after having children face social stigma and struggle to balance their career while raising a child alone.

☆ Most countries want tourists back — but Amsterdam is telling these visitors to 'stay away'
▼ + stars: | 2023-04-05 | by ( Audrey Wan | ) www.cnbc.com time to read: +1 min

Some places are wooing visitors by waiving visa requirements and giving out air tickets. But Amsterdam has a problem with too much tourism — and now it's telling some visitors, namely British male tourists aged between 18 and 35, to "stay away" if they're traveling to the city for drugs or parties. Amsterdam's local authority launched the online campaign in Great Britain this month that aims to keep out "nuisance-causing visitors," authorities said in a news release last week. About 360,000 overnight guests from the United Kingdom visited Amsterdam in 2020, said Statista. The "Stay Away" campaign targets visitors who use online search terms like "stag party Amsterdam," "pub crawl Amsterdam" or "cheap hotel Amsterdam" by showing them warning advertisements, authorities said.

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