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☆ Analysis: The UK just stepped back from the brink. But there's more trouble ahead
▼ + stars: | 2022-10-18 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

The sudden reversal of almost all tax cuts announced just three weeks ago could put financial markets on more stable footing. Yields on 30-year UK government bonds, which move opposite prices, have dipped to 4.34% after topping 5% last week. But concerns about the economy are resurfacing in lieu of angst about the country’s financial markets — though on that front, too, uncertainty remains. The specter of additional volatility in financial markets still lingers. And restoring investor confidence in UK assets will be an effort that takes time — especially as questions about Truss’ political future swirl.

"Look, bank-fintech partnerships, they're here to stay. OVERWEIGHT CRYPTOOn cryptocurrency, Hsu said he was actually worried policymakers in Congress and regulators are overextending themselves to the detriment of other areas. "It's interesting, it has thorny issues... but relative to other technology and banking issues, I think we're now kind of overweight crypto." "Crypto is just occupying a lot of brain space for an awful lot of people, both on [Capitol] Hill and the regulatory community," he said. "The persistence of the occupation of brain space, it’s starting to worry me now that we’re not spending that time and attention on some other things."

☆ Fast-food workers are gaining millions of TikTok followers with on-the-job videos, but the trend has muddied the relationship between brands, creators, and consumers
▼ + stars: | 2021-07-24 | by ( Amelia Tait | ) www.businessinsider.com time to read: +7 min

In the last year, Mirg has accumulated over 4.4 million TikTok followers and 1.8 million YouTube followers who watch him cutting bread, arranging cheese, and tossing cucumber slices into their container. POV videos from service workers have become a huge TikTok trendNumerous fast-food workers have built followings of millions by filming themselves at work. 24-year-old Dylan Lemay began TikToking at Cold Stone Creamery in 2020 and now has 9.8 million followers. Starbucks employee Maya Smith has gained 2.1 million followers making videos mixing drinks. While there is an appetite for this format of content, advertising legislations (and perhaps some store managers) have yet to catch up.

☆ There's a debate raging in video games over whether loot boxes should be classified as gambling
▼ + stars: | 2020-07-05 | by ( Isobel Asher Hamilton | ) www.businessinsider.com time to read: +7 min

There's a debate raging over whether in-game loot boxes encourage kids to gamble. In the UK, the House of Lords this week recommended the legal reclassification of loot boxes in video games as gambling. Experts are divided over whether paying for loot boxes has a causal link to gambling and one told Business Insider it could be "apocalyptically stupid" to regulate loot boxes like gambling without doing more research. In some games, players are able to trade the rewards they get from loot boxes with each other for real money. The 71% figure referred to the share of players in the sample who had played games with loot boxes, not the share of games containing loot boxes.

Persons: —, David Zendle, Zendle, Pete Etchells, Andrew Przybylski, Przybylski Organizations: Service, FIFA, Steam, Juniper Research, University of York, Bath Spa University, Oxford Internet Institute, Business

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