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U.S. shale production costs are soaring and there is no sign that tight-fisted investors will change their demands for returns rather than investment in expanding drilling. At Helmerich & Payne (HP.N), one of the largest drilling contractors, its R&D budget will rise only $1 million, from 2022's $27 million. The U.S. government expects overall oil production to reach a new peak next year, but it has several times this year cut its forecasts. Shale production declines rapidly after peaking compared to conventional oil wells, falling about 50% after the first year. Lower production rates are "a longer-term prospect," said Mike Oestmann, chief executive of shale producer Tall City Exploration.

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☆ 4 college friends turned $1 million into a New York venture-capital empire backing tech's hottest unicorns. Here's how they did it.
▼ + stars: | 2022-11-29 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +8 min

Founded as the side project of four college friends, Eniac Ventures has become a major player in VC. They named the firm Eniac Ventures, after the first electronic computer, developed at the University of Pennsylvania's engineering school, where the four had met. What started as the side hustle of four college buddies has become a powerhouse of the venture-capital industry, backing some of tech's hottest unicorns. And Eniac has invested alongside some of the biggest names in venture, including Y Combinator, Lightspeed Venture Partners, and New Enterprise Associates. Vasen met the Eniac partners at an event they hosted for prospective founders at a Chinese restaurant in San Francisco.

☆ Fernandes double fires perfect Portugal through to World Cup last 16
▼ + stars: | 2022-11-28 | by ( Martin Petty | ) www.reuters.com time to read: +5 min

For a Portugal whose World Cup narrative has so far been crafted by the controversy and brilliance of Cristiano Ronaldo, the night belonged to Fernandes, who shone throughout and always looked threatening. The win was the third time at a World Cup that Portugal have won two successive group stage matches, and the previous two times led to streaks into the semi-finals. Fernandes played down talk of his starring role and said his focus was the next match against South Korea and getting a perfect nine points for Portugal. "Our objective is to think match after match and we have to do our best because we obviously want to win all the matches." Portugal were dangerous on the approach and controlled both flanks, with Bernardo Silva, Fernandes and an industrious Joao Felix combining well and each frustrated in their efforts to put Portugal ahead.

☆ Germany looks to bounce back from shock defeat and revive World Cup hopes against dangerous Spain
▼ + stars: | 2022-11-26 | by ( Matias Grez | ) edition.cnn.com time to read: +7 min

Finishing bottom of the group at Russia 2018, a tournament Germany went into as defending champion, was a historic low for the four-time World Cup winner. But after that shock 2-1 defeat to Japan in its opening match, it is once again a distinct possibility. That result means the match against Spain is do or die for Germany, as a defeat would confirm an early flight home from Qatar. World Cup team camps have traditionally been somewhat strict, private affairs, but Spain head coach Luis Enrique has been taking an unconventional approach to passing the time behind closed doors. In Group E’s other match, Japan knows victory over Costa Rica will guarantee its place in the knockout stages.

☆ Messi keeps World Cup dream alive with magic strike against Mexico
▼ + stars: | 2022-11-26 | by ( Karolos Grohmann | ) www.reuters.com time to read: +3 min

Summary Messi goal helps Argentina beat Mexico 2-0Late Fernandez goal wraps up all three pointsMessi equals Maradona's World Cup games and goalsLUSAIL, Qatar, Nov 26 (Reuters) - Lionel Messi kept his dream of winning his first World Cup alive by rifling in the opening goal in Saturday's 2-0 victory over Mexico in World Cup Group C, proving he was far from done in the tournament. The Argentine, competing in his fifth World Cup at age 35, has won every other major title in his career but has failed to lift the coveted trophy despite making the final in 2014. "Today starts another World Cup for Argentina," Messi said. Apart from a Lautaro Martinez effort that was well off the mark and another from Messi, Argentina were toothless up front. The South Americans looked more determined after the break and their captain and talisman dragged them out of trouble with his second goal of the tournament.

☆ Dutch strike late to grab 2-0 win over Senegal
▼ + stars: | 2022-11-21 | by ( Karolos Grohmann | ) www.reuters.com time to read: +2 min

DOHA, Nov 21 (Reuters) - Netherlands scored twice in the final minutes through Cody Gakpo and substitute Davy Klaassen to beat Senegal 2-0 in their World Cup Group A match at Al Thumama Stadium on Monday. Klaassen then pounced on a weak Mendy save to score on the rebound nine minutes into stoppage time. The Dutch join Ecuador, 2-0 winners over Qatar on Sunday, on three points at the top of the group and the top two meet on Friday. Klaassen made sure of the three points with a tap-in in stoppage time after Mendy palmed a Memphis Depay shot into his path. They also stretched an unbeaten record in their opening game at World Cups that dates back to 1938.

☆ I quit my job as a Goldman Sachs VP to write romance novels. It was scary but worth the career change.
▼ + stars: | 2022-11-18 | by ( Lindsay Macmillan | ) www.businessinsider.com time to read: +7 min

She left Wall Street to pursue her passion during the Great Resignation. I left my job at Goldman Sachs to pursue my lifelong dream of being an author. In my last few years at the firm, I had an uncommonly good work-life balance for Wall Street, logging only about fifty hours a week. In the midst of the rejections and self-doubt in the years leading up to the book deals, I was grateful for my Wall Street job. In my first job at Goldman, I'd been the only woman investor on my NYC team of twenty men.

☆ The startup founder's guide to letting people go efficiently and compassionately, if you have no other choice in a time of crisis
▼ + stars: | 2022-11-10 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +11 min

"The more you share earlier, and [the more] you involve people along that journey, you're going to gain some trust there," he said. That's what Keystone does when it works with companies conducting layoffs, Varelas said. Deliver the news with integrityVarelas said it's important to show respect for the employees you're letting go. "You just let go of 10 of your hardest working colleagues and you're going out and you're celebrating." They're going to start losing faith and confidence in your leadership."

☆ How a 26-year-old Black female founder raised $12.6 million in venture capital for her skincare brand, Topicals
▼ + stars: | 2022-11-10 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +5 min

Olowe gave her advice for pitching investors with confidence as a Black female founder. Her company creates skincare products for chronic conditions that can be difficult to treat and contribute to lower self-esteem. Before last year, only 93 Black female founders had raised $1 million or more in venture capital, according to ProjectDiane, a biennial report on the state of Black and Latina women founders by the organization Digitalundivided. Above all, she doesn't let the statistics on funding for Black female founders trip her up. That means she provides more context to give investors a deeper understanding of the market for skincare products, especially within communities of color.

☆ How a maverick Brazil lawmaker helped Lula beat Bolsonaro's propaganda machine
▼ + stars: | 2022-11-10 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +6 min

RIO DE JANEIRO, Nov 10 (Reuters) - To bring down far-right Brazilian President Jair Bolsonaro, Andre Janones had to fight fire with fire. Janones also raised eyebrows among some in Lula's Workers Party (PT) for his vulgar attacks on Bolsonaro and his allies. One senior Lula aide defended the role of Janones, saying he could tread where the official campaign did not dare. He was the most prominent Lula ally to drop the gloves in a bruising run-off race that took even Bolsonaro's campaign by surprise. Despite his hell-raising, Janones has not lost sight of digital media as a public service.

☆ How Gregg Lemkau went from Goldman CEO contender to building a hybrid investment bank catering to billionaires
▼ + stars: | 2022-10-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

Gregg Lemkau was in the running for CEO before he left Goldman Sachs in 2020. Now he runs Michael Dell's investment firm, which is merging with billionaire advisory BDT. When Gregg Lemkau left Goldman Sachs in late 2020 to run Michael Dell's investment firm, many within and outside the bank were surprised. Cardinale, who had left Goldman a decade ago to start his own investment firm, knew it had to be a massive opportunity to pull away Lemkau. Oldest sibling Kristin runs JPMorgan's US wealth management business and Lemkau's younger brother Chip is a managing director at Goldman Sachs in private wealth management.

☆ Alphabet to report Q3 earnings after the bell Tuesday
▼ + stars: | 2022-10-25 | by ( Jennifer Elias | ) www.cnbc.com time to read: +3 min

Earnings Per Share (EPS): $1.25, according to Refinitiv estimates. Revenue: $70.2 billion, according to Refinitiv estimates. $70.2 billion, according to Refinitiv estimates. YouTube advertising revenue: $7.42 billion, according to StreetAccount estimates. $7.42 billion, according to StreetAccount estimates.

☆ West Ham see off Bournemouth 2-0 amid VAR controversy
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +3 min

LONDON, Oct 24 (Reuters) - West Ham United defender Kurt Zouma's headed goal and a Said Benrahma penalty in stoppage time sealed a 2-0 win over Bournemouth in a scrappy Premier League tussle that was marked by VAR controversy at the London Stadium on Monday. There was precious little else for either set of fans to get excited about as West Ham held onto their lead despite some nervy moments as Bournemouth finished strongly. After a check by VAR it was deemed that the accidental handball had not directly led to the goal. West Ham were unable to make the game safe, however, until another contentious decision went their way. Bournemouth did not really offer much in the way of attacking threat and, while West Ham had some breaks, manager David Moyes said his side deserved the points.

☆ Hulu insiders are confused and frustrated about their future as Disney and Comcast battle it out for control of the streamer
▼ + stars: | 2022-10-20 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +10 min

Sparring between Disney and Comcast CEOs over Hulu has stoked uncertainty among insiders about the streamer's future. Many wonder how Hulu will stay differentiated from Disney+ if Disney becomes Hulu's sole owner. Insiders and advertisers alike are also watching to see if Hulu will lose some of its distinctiveness as Disney invests more in Disney+. "That was a clear departure from Disney being family-focused and Hulu being general entertainment," said a second former Hulu exec. And as the CEOs posture, people inside the streamer are eager for leadership to tell them, as a third former company insider put it, "what Hulu means to the Walt Disney Company."

☆ Baseball’s Behemoths Are Gone. Is This Bad for the Game?
▼ + stars: | 2022-10-17 | by ( Jason Gay | ) www.wsj.com time to read: 1 min

Are baseball’s playoffs unfair? Some of the pastime’s self-appointed pooh-bahs are fretting about this, after the terse postseason dismissals of the 111-win Los Angeles Dodgers—eliminated in a best-of-five series by the raffish, 89-win San Diego Padres—and the 101-win defending World Series champion Atlanta Braves, sent to the golf course by those scrappy 87-win arrivistes, the Philadelphia Phillies…who also eliminated the division-winning St. Louis Cardinals.

☆ Why an ex-Shopify manager quit after 'explosive' career growth to focus on her $2 million tea company
▼ + stars: | 2022-09-29 | by ( Madeline Stone | ) www.businessinsider.com time to read: +5 min

She said that changes to Shopify's culture convinced her it was time to make the leap. For Brady, changes to Shopify's culture were a big factor in her decision to leave. Tease hit $2 million in revenue in 2021, and Brady said she has a goal of hitting $5 million this year. What she first imagined as a temporary gig led to seven years and a team leadership role at Shopify. Brady said that Shopify's leadership was very encouraging of employees like her choosing to balance entrepreneurship with their full-time jobs.

☆ Designers say Figma gave them 'superpowers.' With Adobe's $20 billion takeover, some think the beloved startup is as good as dead.
▼ + stars: | 2022-09-27 | by ( Paayal Zaveri | Jessica Xing | ) www.businessinsider.com time to read: +9 min

When Adobe announced its $20 billion bid for Figma, the design community was immediately concerned. When Adobe announced it was acquiring the design startup Figma for $20 billion, designers were quick to express their discontent over the blockbuster deal. So when Adobe announced its intention to buy Figma, much of the design community was immediately concerned. Designers worry Figma will become less accessibleWhile Field's committment to keeping prices the same for now may reassure some, others are skeptical. And some designers Insider spoke to say the acquisition could even benefit companies that have been paying a hefty bill for both.

☆ At Milan Fashion Week, Kardashians and Low-Rise Jeans
▼ + stars: | 2022-09-26 | by ( Rory Satran | ) www.wsj.com time to read: 1 min

A tequila bottle. A skeleton. A martini glass. Often, a fashion show’s makeup artists will cover models’ scrappy tattoos with body makeup—but in the body art peeking out from under the polished clothes at last week’s Max Mara show in Milan, a larger picture emerged. Even at a show as resolutely grown-up as Max Mara, with its perfectly cut suits and soothing neutral palette that endear it to well-heeled clients like Nancy Pelosi, the weirdness and messiness of real life could not be contained.

☆ U.S. win Presidents Cup as Internationals go down fighting
▼ + stars: | 2022-09-25 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

Sep 25, 2022; Charlotte, North Carolina, USA; Team USA captain Davis Love III celebrates with the trophy during the singles match play of the Presidents Cup golf tournament at Quail Hollow Club. Robbed of top players who defected to the Saudi-backed LIV Golf Series, the depleted Internationals were expected to be easy pickings for an American squad packed with nine players in the world's top 15. The Internationals, with a record eight Presidents Cup debutants in their 12-man squad, kept the outcome in doubt until late into Sunday's singles when Xander Schauffele beat Canada's Corey Conners 1-up to register the winning point. "But being the big, big, big favorite carries a little bit of weight. Thomas, who won his first of two PGA Championships at Quail Hollow in 2017, was first off to chants of "USA, USA" taking on South Korea's Kim Si-woo.

☆ Google chief tells staff not to 'equate fun with money' and denies claims of 'aggressive' cost cuts, report says
▼ + stars: | 2022-09-24 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Google CEO Sundar Pichai faced tough questions from staff in a fiery all-hands meeting this week. He said workers shouldn't "equate fun with money" in response to questions about cost-cutting. Pichai denied Google was on a path of "aggressive cost saving" amid difficult economic conditions. The search giant's spending was under scrutiny at the company-wide briefing in New York where Sundar Pichai said growth would be "constrained" going forward. "We shouldn't always equate fun with money.

☆ Battling Internationals split foursomes with U.S.
▼ + stars: | 2022-09-24 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

Sep 24, 2022; Charlotte, North Carolina, USA; Team USA golfer Collin Morikawa hits his tee shot on the 10th hole during the foursomes match play of the Presidents Cup golf tournament at Quail Hollow Club. The U.S. have dominated the biennial competition with an 11-1-1 record and started the day with an 8-2 lead and in position to register a Presidents Cup first - clinching the Cup on Saturday. With two sessions scheduled for a marathon day (foursomes and fourballs) the Americans had targeted the 15 1/2 total points needed to claim the title for a 12th time and extend their unbeaten run on home soil. The Internationals got another point when the South Korean pair of K.H. Register now for FREE unlimited access to Reuters.com RegisterReporting by Steve Keating in Charlotte.

☆ Google CEO Pichai tells employees not to 'equate fun with money' in heated all-hands meeting
▼ + stars: | 2022-09-23 | by ( Jennifer Elias | ) www.cnbc.com time to read: +9 min

In this article GOOG Follow your favorite stocks CREATE FREE ACCOUNTAlphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty ImagesAs Google tries to navigate an unfamiliar environment of slowing growth, cost-cutting and employee dissent over cultural changes, CEO Sundar Pichai is finding himself on the defensive. Pichai admitted that it's not just the economy that's caused challenges at Google but also an expanding bureaucracy at Google. Pichai said leadership is combing through more than 7,000 responses it's received from employees regarding suggestions from the Simplicity Sprint effort. Kristin Reinke, head of Google finance, said at the meeting that sales teams will have more leeway to travel since their jobs require meeting with customers.

☆ Salesforce's next big thing is a major push to keep its data at the center of a market increasingly dominated by firms like Snowflake
▼ + stars: | 2022-09-22 | by ( Matthew Lynley | ) www.businessinsider.com time to read: +8 min

But many tools, like Snowflake, have emerged to make Salesforce data points one of many in analytics. And Salesforce on Tuesday said it is launching a direct integration with Amazon's machine learning tool SageMaker to support custom machine learning models. At its Tableau keynote, Salesforce emphasized the company's Einstein integrations with Snowflake, with the presentation working with Snowflake data. And with these moves, Salesforce is ensuring the analysis and usage of Salesforce data and its results can remain inside Salesforce's sphere of influence. It enables organizations to connect other data lake tools and operate Salesforce data.

☆ After an unexpected job loss, personal finance expert Jean Chatzky explains the steps she took when she started her business and what that success means to her
▼ + stars: | 2022-09-17 | by ( Jennifer Streaks | ) www.businessinsider.com time to read: +10 min

Jean Chatzky built her thriving business after an unexpected job loss. When starting your business make sure your idea has business legs, Chatzky says. Before Jean Chatzky wrote over half a dozen books on personal finance and money management, she was a financial columnist at Money magazine. I decided right then that instead of working for someone else again, I would start my business," Chatzky explained. Chatzky always tells business owners that it's important to continue to manage your own money while growing your business.

☆ What to know about the booming psychedelics industry, where companies are racing to turn magic mushrooms and MDMA into approved medicines
▼ + stars: | 2022-06-30 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +17 min

In the early days of the industry, nonprofits and scrappy startups made up the psychedelics space. Research on compounds like psilocybin, the active compound found in magic mushrooms, and MDMA is resurfacing after years of neglect amid the war on drugs. Soon, VC firms focused on psychedelics companies began to emerge. Some psychedelics VCs, however, are still wary about entering the newest psychedelics space: Oregon's soon-to-be-legal magic mushroom market. Insider published a list of the psychedelics startups that raised the most cash in 2020.

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