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☆ Steve Jobs' nepo babies: From a model to a secret daughter, here's everything we know about the Apple cofounder's kids
▼ + stars: | 2023-01-19 | by ( Grace Kay | Aaron Mok | ) www.businessinsider.com time to read: +12 min

Steve Jobs left the bulk of his fortune to his wife, Laurene Powell Jobs, when he died in 2011. Later, he had Reed Jobs, Erin Jobs, and Eve Jobs with his wife, Laurene Powell Jobs. Apple, Laurene Powell Jobs, and Reed Jobs did not reply to requests for comment, nor did representatives for Lisa Brennan-Jobs and Eve Jobs. Since Jobs' death, Powell Jobs has been active in philanthropy and founded Emerson Collective in 2004 as a "social change organization." Erin Siena JobsErin Siena Jobs is the most private of Steve Jobs' children.

☆ How AI Is helping to reduce landfill waste
▼ + stars: | 2022-12-22 | by ( Sponsor Post | Created Ibm With Insider Studios | ) www.businessinsider.com time to read: +8 min

But circular economy models can provide smart examples and accessible starting points for how we can work toward avoiding a trashy future, so to speak. For an example of a perfect circular economy, look to nature. Waste management companies, in particular, have an opportunity to minimize landfill waste using artificial intelligence and automation technologies. Evaluating the potential of AI for waste sortingHera personnel analyze waste manually. "The experience with IBM Garage has allowed us to activate a particularly innovative solution in the field of waste collection, selection, and recovery," Zappoli said.

☆ I quit my warehouse job after starting an Etsy side hustle that made $67,000 in profit in 10 months. Here's how I escaped the 9-to-5 grind.
▼ + stars: | 2022-12-21 | by ( Robert Pene | ) www.businessinsider.com time to read: +6 min

I tried launching side hustles before, but my Etsy store was differentMy side-hustle journey wasn't easy. From wood crafts to embroidery, I was open to starting an Etsy store for anything, and I was constantly brainstorming, watching YouTube videos, and reading blogs by successful Etsy sellers. I started working overtime in January to save up money to put into my Etsy store. I knew customer service was something I could control and use to differentiate my store, so I committed to providing the best customer service. Prioritizing customer service helped me gain an audience quicklyMay was the first month my business was open.

☆ Twitter has given new square business badges to some of its staff, news outlets, and a close friend of Elon Musk — but not Musk himself
▼ + stars: | 2022-12-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter introduced a new square badge to show where company verified accounts are employed. At least 10 Twitter staff have the new badge, but Elon Musk doesn't. Musk himself, however, has not got a square badge, despite owning the company and spearheading the verification changes. Musk retweeted the official announcement for the feature, but is yet to address the poll which saw Twitter users vote for him to step down as CEO. The news outlet Bloomberg also has access to the square badge, which is currently being used for different sections of the outlet's coverage, but not individual journalists.

☆ Nike employees described 'sloppy drunk' men, witnessing oral sex, and requests to 'dress sexier' at work in newly unsealed surveys
▼ + stars: | 2022-12-20 | by ( Matthew Kish | ) www.businessinsider.com time to read: +9 min

In early 2018, female Nike employees were fed up with the company's response to claims of sexual harassment and gender discrimination, so they anonymously surveyed each other about their experiences at the company. A third wrote that she caught a male executive receiving oral sex from a lower-ranking female in the campus gym. But four former Nike employees familiar with the collection of the surveys told Insider closer to 100 were collected. "Maybe if you dressed nicer I would be on time," one female Nike worker said she was told by a male Nike executive. "Kept it to myself because of who he is at the company," wrote the person who was told to "show some skin."

☆ Avaya nears chapter 11 bankruptcy filing - WSJ
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +1 min

Dec 15 (Reuters) - IT firm Avaya Holdings Corp (AVYA.N) is reaching a chapter 11 bankruptcy filing to restructure its balance sheet, in a bid to turn around its business and move past accounting problems, the Wall Street Journal reported on Thursday. Earlier this week, it said it was in talks with its financial stakeholders regarding a comprehensive resolution to strengthen its balance sheet. Another plan, supported by holders of Avaya's unsecured bonds, proposes to restructure the company out of court, including by issuing new bonds and loans to retire some old debt, the report said. Avaya's shares have fallen nearly 97% this year, crimping its market cap to around $45 million from more than $2 billion a year ago. Reporting by Anirban Chakroborti and Eva Mathews in Bengaluru; editing by Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

☆ LinkedIn has a fake account problem it's trying to fix. Real users are part of the solution
▼ + stars: | 2022-12-10 | by ( Bob Violino | ) www.cnbc.com time to read: +7 min

While 95.3% of those fake accounts were stopped at registration by automated defenses, according to the company, there was a nearly 28% increase in fake accounts caught compared to the previous six-month period. For these reasons it can serve the purposes of bad actors to have fake LinkedIn profiles, Khan said. "Bad actors are trying to craft fake identities and make them look real by leaving a plausible-looking digital footprint across different platforms," Khan said. The challenge for LinkedIn users is that profiles on social media platforms are easy to create and are typically not verified in any way. The model helps increase the effectiveness of LinkedIn's automated anti-abuse defenses to help detect and remove fake accounts before they can reach members.

☆ How Big Law fumbled its own Rooney rule on diversity
▼ + stars: | 2022-12-08 | by ( Elizabeth Olson | ) www.businessinsider.com time to read: +11 min

Several law firms adopted the Mansfield rule in 2017, which aims to increase diversity in leadership. It's effectively the NFL's two-decade-old Rooney rule: a requirement that nonwhite candidates be considered when teams hire for coaching and front-office jobs. Law firms followed professional football in 2017 with its version of the Rooney rule, called the Mansfield rule. At first, the Rooney rule seemed to catch on when teams started to hire more coaches of color and a dozen general managers of color when that position was added to the Rooney rule. "For the Rooney rule to work," he said, "there has to be a true commitment from the owners.

☆ VCs are abandoning supply chain tech — except for startups that can cut out the human
▼ + stars: | 2022-12-05 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

Venture capital funding of supply chain startups was down 56% year-over-year in the third quarter. Venture funding for supply chain startups in the third quarter fell to $3.3 billion — down 56% year over year and 37% compared to the second quarter, according to Pitchbook. Before the pandemic, supply chain tech startup funding grew by a few billion every year for most of the last decade. Nearly half of the cash invested in supply chain startups went to last-mile companies. A temporary reckoningVenture investment in other types of supply chain startups — like technology for trucking and broader supply chain management — traditionally doesn't reach the heights of delivery startups.

☆ Elon Musk promotes release of internal Twitter documents rehashing platform’s block of Hunter Biden story
▼ + stars: | 2022-12-03 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +7 min

The controversy involving Twitter and Hunter Biden dates to October 2020, weeks before the presidential election between Joe Biden and then-President Donald Trump. Taibbi wrote that he has seen no evidence that there was government involvement in Twitter’s move to block the New York Post story. Shortly after the New York Post published the article, Twitter pointed to concerns about hacked materials as the reason for blocking the story. Zuckerberg cited warnings from the FBI about election-related threats, though none about Hunter Biden in particular. Hunter Biden has said that federal prosecutors in Delaware are investigating his taxes.

☆ Chinese stocks rally after the country's top pandemic official signals a softening of the country's draconian Covid-zero stance
▼ + stars: | 2022-12-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Vice Premier Sun Chunlan said China's pandemic is at a "new stage" that comes with new tasks. Sun's words carry weight as she's the face of China's hardline Covid-zero approach. Hong Kong and Chinese stocks are higher on optimism China is eyeing an exit from a Covid-zero policy. Sun's softening on China's draconian Covid-zero stance carries weight because she's seen as the face of the hardline approach. As the world's second-largest economy after the US, China has been under pressure from pandemic restrictions that are into their third year.

☆ Sam Bankman-Fried took plenty of blame for FTX's downfall, but denied fraudulent behavior
▼ + stars: | 2022-12-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

And while I've got you here, it's time to start thinking about gifts with the holidays season in full swing. Do you know what's an informative, funny gift that has a long shelf life and, most important of all, is free? FTX Cryptocurrency exchange CEO Sam Bankman-Fried at a hearing on Capitol Hill on May 12, 2022. But the main attraction at The New York Times DealBook Summit on Wednesday was Sam Bankman-Fried. And frankly conflict of interest risk," SBF said.

☆ Salesforce's new marketplace wants to make it easier for companies to integrate carbon credits into their climate-action strategies
▼ + stars: | 2022-12-01 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +5 min

Salesforce has a new marketplace for carbon credits, also known as carbon offsets. Companies can use their carbon credits on projects designed to help alleviate the climate crisis. Carbon credits as product stock-keeping units require a set of unique attributes that weren't available in the out-of-the-box product. Buyers on Net Zero Marketplace must commit to buy carbon credits as part of a comprehensive climate-action strategy — not as a substitute for absolute reductions. Providers of carbon credits don't always have the traditional sales and marketing tool kits needed to successfully bring credits to the market.

☆ Lawsuit alleges investor Leon Black raped a woman inside Jeffrey Epstein's home
▼ + stars: | 2022-11-28 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN Business —Billionaire investor Leon Black has been sued by a woman alleging he “brutal[ly]” raped her at Jeffrey Epstein’s Manhattan townhouse in spring 2002. Wigdor filed Pierson’s complaint Monday under New York’s Adult Survivors Act. The firm’s Doug Wigdor helped advocate for the new law, which was passed in May and went into effect last week. After that he called again and asked to see her, according to the complaint, but Pierson refused to see him again. In 2008, Epstein pled guilty in Florida to two felony offenses: procuring a person under the age of 18 for prostitution and solicitation of prostitution.

☆ Has your workplace caught the 'turnover contagion'? Here are some warnings signs
▼ + stars: | 2022-11-24 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

This phenomenon is called "turnover contagion," the report said, where workers quit their jobs because of their peers. "[This] can provide the ideal breeding ground for turnover contagion as the interviewing process and learning more about potential other employers is made easier for employees." Smaller teams at higher riskAccording to Visier, smaller teams are most at risk of turnover contagion. That is due to "strong interdependencies" and personal relationships between co-workers in smaller teams, said Derler. Turnover contagion can last as long as 135 days, the report added, from the moment an employee voluntarily resigns.

☆ Some older workers have fond memories of sleeping at the office, but the Elon Musk-style 84-hour workweek is falling flat with younger Americans
▼ + stars: | 2022-11-20 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Some Twitter employees are working 80-hour weeks and sleeping at the office. Some older workers have fond memories of sleeping at work, but younger Americans aren't on board. Americans are divided on what to make of this, and a workplace-culture expert believes the schism reveals a generational divide. But younger workers are unlikely to buy in, said the best-selling author and workplace well-being expert Jennifer Moss. While older generations worked through the dot-com craze and the rise of Silicon Valley hustle culture, younger workers are changing attitudes around how far you need to go for your job.

☆ A fund manager who oversees $14 billion in equities breaks down why emerging markets offer attractive growth opportunities even during a worldwide economic slowdown — and shares his top 7 foreign stoc
▼ + stars: | 2022-11-15 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Vontobel's Ramiz Chelat says that certain emerging markets can weather a global economic slowdown. Chelat is particularly bullish on the economies of India, Indonesia, and Brazil. While domestic investors have their hands full with potential recession, portfolio manager Ramiz Chelat believes that the best investment opportunities may be slipping away. Chelat — who manages $5 billion in emerging market equities and $9 billion in global equities at Vontobel Asset Management — is particularly bullish on the emerging economies of Brazil, India, and Indonesia. Chelat believes that all three nations are strong enough to weather any future fallouts from the Russia-Ukraine war, and may even be net beneficiaries in some cases.

☆ Tiger Global, Coatue, and other hedge funds tried to upend venture capital. It backfired and now they're 'licking their wounds,' VCs say.
▼ + stars: | 2022-11-11 | by ( Darius Rafieyan | Melia Russell | ) www.businessinsider.com time to read: +10 min

New investments by Tiger Global and Coatue fell 60% and 67%, respectively, this year. "They're licking their wounds," said Nihal Mehta, a founding partner at Eniac Ventures, whose portfolio includes the marketing-tech startup Attentive, a crown jewel of Tiger Global and Coatue's portfolios. Speaking to founders, Mehta hears crossover funds come up less and less in conversation, and partners at some crossover funds tell him they're pulling back from new deals, though crossover funds haven't disappeared altogether. Crossover funds found themselves with billions of dollars in deployed capital and few exits in sight. Last month, Tiger Global and Coatue both revealed they are seeking to raise new funds earmarked for early-stage startup deals.

☆ These 10 cities are the best places to work from home in the U.S., new report finds
▼ + stars: | 2022-10-21 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

SmartAsset's report ranked 100 of America's largest cities across eight metrics including the percentage of the workforce that works from home, median monthly housing costs, unemployment rate, income tax rate, coffee shop density and bar density to determine the best city for remote work. Austin, Texas snagged the number one spot, with Scottsdale, Arizona and Pittsburgh, Pennsylvania trailing closely behind. "The five-year change in the percentage of people working from home was 30.6%, which was the seventh-highest percentage in our study." "With more affordable housing costs, workers may be able to buy or rent a larger home that can accommodate an office." Similar to Scottsdale, professionals earning $75,000 will be taxed by the federal and state governments at 22.90%.

☆ A portfolio manager beating 99% of his peers this year breaks down why the market has another 15% to 20% of downside ahead — and shares the biggest mistake investors could make once the Fed begins to
▼ + stars: | 2022-10-17 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Drawing from the dot-com crash, he believes the current bear market still has 15%-20% more downside. Abate also shared the biggest mistake investors could make once the Fed begins to ease once more. Today's bear market mirrors the dot-com crashPart of Abate's investment process involves drawing parallels between the current market and historical recessions. "I still think that we are in the midst of a bear market. Similarly, both bear markets were also kicked off by an "excessive period of poor allocation of investment capital," Abate said.

☆ Managed futures funds stand out as a rare bright spot in a tough market. Here's how they work
▼ + stars: | 2022-10-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The winning strategy relies on managed futures. Unlike traditional stock-picking funds, managed futures is momentum- or trend-following based, with traders relying on systematic models to execute bets. There are five exchange-traded funds based on managed futures strategy on the market today. "Managed futures ETFs like DBMF are built to provide exposure to alternative investments [rather] than going long traditional stocks and bonds," said Todd Rosenbluth, head of research at VettaFi. "You're diversifying among a variety of different asset classes" The First Trust Managed Futures Strategy Fund (FMF) is up about 15% this year.

☆ See the presentation that convinced Gwyneth Paltrow and NEA to back digital menopause-care startup Evernow
▼ + stars: | 2022-09-21 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +2 min

Evernow raised $28.5 million in a Series A round in April that NEA, a VC firm, led. NEA led the startup's $28.5 million Series A in April. Jackson said Evernow picked angel investors who have used their platforms to speak out about various issues in women's health. Evernow provided Insider with the presentation the company used to raise $28.5 million in Series A funding. See the 18-slide presentation Evernow used to land a $28.5 million Series A from investors like Gwyneth Paltrow, Drew Barrymore, and NEA.

☆ Josh Harris co-founded Apollo, but his ownership of the 76ers and Devils was a distraction and a 'source of tension' for former employees.
▼ + stars: | 2022-09-21 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +6 min

He stepped away from day-to-day activities at Apollo Global Management — the private-equity firm he co-founded — in May last year. Josh Harris upset Apollo insiders with the amount of time he spent on personal investments. During meetings for Apollo matters, Harris would sometimes take phone calls unrelated to the company, one person told Insider. Harris would also use Apollo employees to help on personal investments. People who worked on Harris' personal investments became "untouchable" within the organization.

A Registered Investment Advisor (RIA) is a professional firm that manages the assets of clients and offers investment advice. During your search, you may have learned about Registered Investment Advisor (RIAs). And how does a Registered Investment Advisor differ from all those other folks offering financial advice? What is a Registered Investment Advisor (RIA)? What does the "registered" in Registered Investment Advisor mean?

☆ How a former Goldman Sachs whiz kid living in Puerto Rico exploited a generational shift in investing to become one of Millennium's most profitable traders
▼ + stars: | 2022-01-24 | by ( Alex Morrell | Bradley Saacks | ) www.businessinsider.com time to read: +11 min

Millennium has dominated the index-rebalance trade thanks to Glen Scheinberg, 35, and his SRBL team. One of the hottest trading strategies in recent years has required an intense fixation on some of Wall Street's supposedly dullest financial products: index funds and exchange-traded funds. The SRBL team was born from a Goldman Sachs trading deskIn 2014, Millennium poached 27-year-old Scheinberg from Goldman Sachs' program-trading desk — the team at Wall Street banks that trades baskets of stocks using algorithms. For Scheinberg's team, 2020 wasn't a one-off. Millennium's prodigy decamps to paradise for tax savings and bird-watchingDespite its success, much about the SRBL team remains shrouded in mystery.

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