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☆ I'm an influencer who made $500,000 in brand deals, and invested all of it into a startup I launched to help other creators file their taxes
▼ + stars: | 2023-04-26 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +5 min

He's also a licensed tax expert who founded a startup helping creators organize and file taxes. In 2021, he invested $500,000 he earned from brand deals into the company and has said it paid off. This as-told-to essay is based on a conversation with Duke Alexander Moore, founder and CEO of creator startup Duke Tax. In December 2018, when I was still in college, I founded a tax-service startup, now known as Duke Tax, which helps influencers organize and file their taxes. As freelancers, their taxes are a bit complicated, so Duke Tax fills that gap.

☆ Why Do Apes Like to Spin? Maybe for the Same Reasons as People.
▼ + stars: | 2023-04-26 | by ( Rachel Nuwer | ) www.nytimes.com time to read: +1 min

In 2011, a gorilla named Zola gained internet fame when the Calgary Zoo posted a video that showed him spinning in circles on his knuckles and heels with what appeared to be a huge grin on his face. Humans’ love of spinning around in circles, especially during childhood, is evidenced by the enduring popularity of playground merry-go-rounds, revolving fun park rides and the irresistible draw of somersaulting down a hill. But new research suggests that humans are not alone in their pursuit of spin-induced buzzes. According to findings published last month in the journal Primates, other great ape species also seem to regularly enjoy stimulating their senses through spinning, possibly even in pursuit of altered mental states. “So it’s really cool to find that other primates do this, too, and that they seem to do it for the same reason that children do: because it’s fun and exhilarating.”

☆ Adjoa Andoh reimagines Richard III's 'otherness' in new version of play
▼ + stars: | 2023-04-26 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +2 min

[1/4] Actor and Director Adjoa Andoh performs on stage in the play "Richard III" in Liverpool, Britain in this handout picture taken in April, 2023. Manuel Harlan/Handout via REUTERSLONDON, April 26 (Reuters) - When actor Adjoa Andoh read William Shakespeare's "Richard III" as a child, she was struck by how he was treated. "As a child growing up in the Cotswolds in the 1960s, it was something I resonated with." Decades later, Andoh is starring in the lead role and directing her iteration of the play, set in the Cotswolds and in which Richard's "otherness" is race rather than disability. She emphasised she was not changing the language or the text of the play or playing Richard as a woman, but "doing it in this frame and through this lens".

☆ Teck Resources withdraws restructuring ahead of vote, as Glencore circles
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +2 min

April 26 (Reuters) - Teck Resources Ltd (TECKb.TO), the target of an unsolicited takeover bid by Glencore (GLEN.L), on Wednesday said it has withdrawn a proposed restructuring plan just hours ahead of a shareholder vote on it. The Vancouver-based miner operates under a dual-class structure and would need approval from two-thirds of shareholders on both sides for the restructuring. "Glencore's rejected proposals remain a non-starter, with the same flawed structure and material execution risks identified by our Board," Teck boss Jonathan Price said. Glencore's plan would combine and spin off its thermal coal unit and Teck's steelmaking coal business, while rebranding the rest of the operations as GlenTeck. Letko added that internally, some of its employees were divided on whether the deal would succeed or not.

☆ Carrier to buy German firm Viessmann's unit in $13.17 bln deal
▼ + stars: | 2023-04-25 | by ( ) www.reuters.com time to read: +1 min

April 25 (Reuters) - Air conditioner maker Carrier Global Corp (CARR.N) said on Tuesday it would buy German industrial firm Viessmann Group's unit that makes heating boilers and heat pumps in a 12 billion euros ($13.17 billion) cash-and-stock deal. Under the deal, Viessmann Chief Executive Max Viessmann would join Carrier's board. The deal has been approved by the board of both companies and is expected to close by 2023 end. The company said the deal is expected to be modestly impact its adjusted profit in 2024 and would add to earnings in 2025. Separately, Carrier reported a 2% drop in its first-quarter profit, excluding items.

☆ Sorry, You’ve Been Rejected. Now Let’s Party.
▼ + stars: | 2023-04-25 | by ( Danielle Braff | ) www.nytimes.com time to read: +1 min

The result is more rejections, with some colleges touting their low acceptance rates (or high rejection rates, depending on your perspective). High interest rates and recession worries are leading to layoffs and a relative lag in hiring — so rejections are ample post-high school as well. Some graduate schools and even professionals are trying to combat the situation with their own rejection parties, rejection walls and even résumés filled only with rejections. But rejection parties help us realize that this is an ordinary part of life, and they allow us to share our rejection stories. “It’s harder to take a rejection as seriously if we’re having a party about it,” he said.

☆ Trump's deposition video will play in the E. Jean Carroll rape trial. He says stars 'historically' grabbed women's genitals
▼ + stars: | 2023-04-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Trump's lawyers had fought to keep jurors from seeing parts of his E. Jean Carroll trial deposition. A judge Tuesday ruled Trump's cringey explanation for his Access Hollywood remarks is admissible. In the disputed cut, Trump says 'stars' have 'historically' been allowed to grab women's genitals. Trump's attorneys previously tried, without success, to bar jurors from hearing any mention of the Access Hollywood tape. Trump was asked by Carroll's lawyers in the deposition.

☆ Elon Musk's super-app ambitions might be a fool's errand
▼ + stars: | 2023-04-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Whether it's charging, or not charging, for blue check marks or blowing up mega-rockets, Elon Musk's businesses get plenty of scrutiny. Insider's Paige Hagy looked into Musk's plans around turning Twitter into a super app and spoke to industry experts about the strategy. A super app, or everything app, as Musk calls it, encompasses everything (no duh!) In short, if it's something you can do on your phone, you can do it on a super app. Click here to read more about Elon Musk's plans for creating an everything app.

☆ Tucker Carlson found out Fox News ouster while he and his staff were preparing Monday's show: reports
▼ + stars: | 2023-04-25 | by ( Lauren Steussy | ) www.businessinsider.com time to read: +2 min

Tucker Carlson was abruptly dropped by Fox News on Monday. Carlson's staff was prepping for the day's show, fellow former Fox News host Bill O'Reilly said. After a decade-plus career at the network, Tucker Carlson was let go just 10 minutes before Fox News released a statement announcing his departure, sources told The Wall Street Journal. The producers of "Tucker Carlson Tonight" were still planning the evening's broadcast, fellow former Fox News host Bill O'Reilly said Monday on his show "No Spin News." "They were in the middle of that," O'Reilly said of the planning, and, "boom: Tucker Carlson is history at the Fox News Channel.

☆ Bill O'Reilly says the GOP is in trouble now that Tucker Carlson is out at Fox — and bringing his far-right viewers with him
▼ + stars: | 2023-04-25 | by ( Cheryl Teh | Lauren Steussy | ) www.businessinsider.com time to read: +3 min

Bill O'Reilly predicts Tucker Carlson's ouster at Fox News will cause trouble for the GOP. "Because the Republican Party, most of it, paid attention to Tucker Carlson," O'Reilly said. "Because the Republican Party, most of it, paid attention to Tucker Carlson," O'Reilly said on Monday on an episode of his show, "No Spin News." Carlson's fiefdom was focused on the Americans on the "committed right," O'Reilly said. Carlson also faces a lawsuit from his ex-producer, Abby Grossberg, who sued him and other Fox executives in March.

☆ What’s Next for Tucker Carlson? Former Anchors Chart a Possible Course
▼ + stars: | 2023-04-24 | by ( Stuart A. Thompson | ) www.nytimes.com time to read: +1 min

Tucker Carlson is joining a long list of nightly news hosts who once commanded huge audiences before quick departures from their networks. 71 in Apple’s top podcast charts for news shows in the United States, according to Chartable, a podcast insights company. The site had 1.2 million visits last month, according to SimilarWeb, a web traffic monitoring company. That included The Blaze, a news and video website that had 12 million visits last month, according to SimilarWeb. 13 in Apple’s top podcast charts for news shows in the United States, according to Chartable.

☆ Wall Street veteran Michael Klein is the latest casualty of the banking crisis
▼ + stars: | 2023-04-24 | by ( Carter Johnson | Kaja Whitehouse | ) www.businessinsider.com time to read: +1 min

Michael Klein was tapped last year as CEO of CS First Boston, Credit Suisse's investment banking spinoff. There's a new casualty of the banking crisis: Wall Street deals veteran Michael Klein. Credit Suisse and Klein "have mutually agreed to terminate the acquisition of The Klein Group," the company said in its first-quarter earnings announcement. It marks the latest blow for Credit Suisse's investment bankers. Here's everything you need to know about Klein and what the scuttling of the deal means for Credit Suisse's investment bankers.

☆ Johnson & Johnson consumer health unit valued at $40 billion ahead of IPO, report says
▼ + stars: | 2023-04-24 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

Johnson & Johnson 's consumer health business is valued at $40 billion ahead of its initial public offering later this year, according to a report by The Wall Street Journal. The soon-to-be spinoff Kenvue aims to raise $3.5 billion or more in the offering, people familiar with the matter told the Journal. Kenvue plans to meet with prospective investors as early as Monday, the sources told the Journal. When asked about the Journal's report, J&J spokesperson Tesia Williams told CNBC, "Unfortunately, I do not have any information to provide." J&J still faces thousands of allegations that its talc baby powder and other talc products caused cancer.

☆ Embattled First Republic bank says it will slash jobs as it explores strategic options
▼ + stars: | 2023-04-24 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +2 min

First Republic Bank said deposits fell 41% to $104.5 billion in the first three months of 2023. It's also exploring its strategic options, which is industry jargon for a sale or spinoff. First Republic Bank is not out of the woods yet. First Republic also said it is "pursuing strategic options to expedite its progress while reinforcing its capital position." Exploring strategic options is often industry jargon for a sale or spin-off.

☆ Morgan Stanley says HSBC is a 'top pick' despite the bank's shareholder troubles
▼ + stars: | 2023-04-24 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

But Morgan Stanley is sticking to its bullish stance on the U.K.-based bank, calling HSBC its "top pick" in the sector. Morgan Stanley is looking past that noise. Morgan Stanley expects HSBC to deliver "accelerating" capital returns, with 50% of 202 earnings paid out in dividends and share buybacks amounting to $3 billion in 2023. Further out, we see not only the 50% dividend payouts, but annual share buybacks of $8 billion in 2024/25," according to Morgan Stanley. Shares of HSBC are up nearly 16% this year, but Morgan Stanley expects more upside ahead.

☆ 'Queen Charlotte': 'Bridgerton' character gets her own spin-off
▼ + stars: | 2023-04-21 | by ( Natasha Mulenga | ) www.reuters.com time to read: +2 min

REUTERS/Maja SmiejkowskaLONDON, April 21 (Reuters) - Regency-era London took over the British capital's Leicester Square on Friday as the "Queen Charlotte" cast premiered the first spin-off from hit Netflix (NFLX.O) period drama "Bridgerton" dedicated to the fan favourite character. "Queen Charlotte: A Bridgerton Story" is an origin story of the "Bridgerton" monarch, explaining her rise to power and love life. With two timelines, Golda Rosheuvel reprises her "Bridgerton" role as the monarch while India Amarteifio plays the young Queen Charlotte. Showrunner Shonda Rhimes, also behind "Bridgerton", said it was "very exciting" to make Queen Charlotte the centre of her own story. "Queen Charlotte" begins streaming on May 4.

☆ Glencore copper output dips, expects strong trading profit
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - Glencore (GLEN.L) on Friday reported lower copper, zinc and nickel production in the first quarter but said it expects its trading division to exceed the top end of annual guidance. It now expects full-year marketing earnings before interest and tax (EBIT) to exceed the top end of its annual range between $2.2 billion and $3.2 billion in 2023. Glencore last month made a $22.5 billion takeover offer for Teck, which was rejected by the Vancouver-based miner's board as exposing its shareholders to thermal coal and energy trading. The bid included a proposed spinning out of thermal and steelmaking coal operations, rebranding the remaining company as GlenTeck. The all-share offer came as Teck's own plan to spin off its metallurgical coal business and focus on copper and zinc nears an April 26 vote.

☆ Ball Doctoring: A History of Excuses, Denials and Knowing Winks
▼ + stars: | 2023-04-21 | by ( Benjamin Hoffman | ) www.nytimes.com time to read: +1 min

For nearly as long as baseball has existed, pitchers have been using various methods, legal and otherwise, to doctor the ball. Some want the ball to spin more, some want it to spin less. Some are looking for more movement, and others are looking for more control. In this case, Scherzer, who was ejected from Wednesday’s win over the Los Angeles Dodgers, insists he was using rosin — which is legal — and nothing more. Scherzer made little in the way of excuses or denials about the stickiness of his hands when asked about his decision to drop his appeal and serve a 10-game suspension.

☆ I'm a TikToker who founded a startup to help influencers file their taxes. I invested $500,000 I earned from brand deals into my business and it paid off.
▼ + stars: | 2023-04-21 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +5 min

☆ Norway sovereign fund backs Teck Resources in battle with Glencore
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

[1/3] The logo of the Canadian mining company Teck Resources Limited is displayed as people visit the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File PhotoOSLO, April 21 (Reuters) - Norway's sovereign wealth fund, one of the world's largest investors, said on Friday it will support a plan by Canadian miner Teck Resources (TECKb.TO) to spin off its metallurgical coal business and focus on copper and zinc. Glencore on Wednesday said it was willing to improve its $22.5 billion offer for Teck, raising pressure on the Canadian miner to ditch a restructuring plan and sit down at the negotiating table. But the Norwegian sovereign wealth fund, which does not own shares in Glencore due to the Swiss company's large thermal coal business, said it would vote in favour of Teck's plan. The Norwegian fund at the end of 2022, the last available data, owned a 1.48% stake in Teck Resources worth $287 million, while its share of voting rights under the miner's dual-class share structure stood at 0.59%.

☆ ValueAct urges ouster of Seven & i President Isaka - letter
▼ + stars: | 2023-04-21 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

The San Francisco-based investment firm, which owns a 4.4% stake in the convenience store operator, is ratcheting up the pressure by saying publicly that Isaka has acted in bad faith since becoming president in 2016. "It is time to find a new President for Seven & i," ValueAct wrote to Seven & i shareholders in a letter dated April 20. The letter also criticizes the board for having failed to conduct a succession review for Isaka. ValueAct said Seven & i recorded meetings with its team without its consent, violating privacy laws around the world. Seven & i did not immediately respond to a request for comment and ValueAct declined to comment beyond the contents of the letter.

☆ Jefferies upgrades this multinational on continued growth in the aerospace sector
▼ + stars: | 2023-04-20 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Jefferies thinks a storied multinational can benefit from strong growth in its aerospace segment. Jefferies posits that GE will grow its aerospace sector sales by 16% in 2023 to $30.2 billion. GE YTD mountain General Electric could continue to benefit from the growth of its aerospace segment, according to a Thursday note from Jefferies. "GE Aerospace will have a clearer story to tell following the GE Vernova spin in early 2024, which we believe is one of the better positioned stories to the aerospace ramp," Jefferies equity analyst Sheila Kahyaoglu wrote on Thursday. Aerospace margins could also grow to 20% by 2025, Kahyaoglu said, although operating expenses will continue to add pressure.

☆ Here are Thursday's biggest analyst calls: Tesla, Amazon, GE, Home Depot, Elanco, SeaWorld & more
▼ + stars: | 2023-04-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Tesla as buy Goldman says Tesla's earnings report on Wednesday was a "negative" but that it's standing by the stock. Bank of America reiterates Amazon as buy Bank of America says it's standing by Amazon heading into earnings next week. Bank of America upgrades WestRock to buy from neutral Bank of America said in its upgrade of the packaging solutions company that it sees "transformation benefits." Bank of America downgrades NetApp to underperform from neutral Bank of America said in its downgrade of the hybrid cloud data services company that it sees weaker demand. Morgan Stanley initiates SeaWorld as overweight Morgan Stanley said in its initiation of SeaWorld that it sees an attractive risk/reward.

[1/2] The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd WiegmannApril 19 (Reuters) - Glencore (GLEN.L) has told Teck Resources (TECKb.TO) shareholders it is willing to improve its $22.5 billion takeover offer, raising pressure on the Canadian miner to ditch a restructuring plan and sit down at the negotiating table. In an open letter on Wednesday, Glencore said it would consider taking the offer to Teck's shareholders directly if the board failed to engage. "With engagement, we could improve our proposal's terms and value, which would be in the best interests of all Teck shareholders." "The vote (on Teck's restructuring plan) is highly likely to go through without an official bump in terms (from Glencore)," Ben Cleary, portfolio manager at Tribeca Global Natural Resources Fund, told Reuters.

☆ Glencore raises pressure on Teck Resources with promise of higher bid
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. In an open letter on Wednesday, Glencore said it would consider taking the offer to Teck's shareholders directly if the board failed to engage. Glencore Chief Executive Gary Nagle flew to Canada to meet shareholders last Thursday after revising its unsolicited bid to include up to $8.2 billion in cash. Teck's board rejected that as too low, adding that it would unnecessarily expose shareholders to a large thermal coal business and an unwanted oil trading unit. Glencore's proposal would combine and spin off its thermal coal unit and Teck's steelmaking coal business.

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