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☆ Central banks get sucked into financial black hole
▼ + stars: | 2022-10-14 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Central bankers around the world want to bring inflation down by returning interest rates to “normal” levels. As a result, the average UK mortgage has grown to 3.4 times average income, up from 1.5 times in the early 1980s, according to housing analyst Neal Hudson. But it’s left many homeowners extremely vulnerable to higher interest rates. As a result, the government’s fiscal position is more exposed to interest rate fluctuations. As a financial black hole opens up, central banks will be forced to stop tightening.

☆ How a tank the Soviets tried to keep secret became an icon of Ukraine's resistance against Russia
▼ + stars: | 2022-10-13 | by ( Sebastian Roblin | ) www.businessinsider.com time to read: +17 min

An Afghan soldier fighting for the Soviets sits on a Soviet-made T-64 tank near the Salang Pass on August 17, 1989. However, these systems were mostly exported, and it's unclear whether either is currently operational on Ukrainian tanks. Defending Ukraine, 2014-2015A Ukrainian tank in the eastern Ukrainian city of Slavyansk in July 2014. A burned Ukrainian tank in Uglegorsk, on the frontline near Debaltseve, in February 2015. A pro-Russian separatist stands guard near a T-64 tank in Donetsk in July 2014.

☆ Henrich: The velocity of the move in yields is not sustainable without breaking something
▼ + stars: | 2022-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHenrich: The velocity of the move in yields is not sustainable without breaking somethingSven Henrich, founder & lead market strategist at NorthmanTrader, discusses the increased volatility and market dislocation brought on by the unprecedented amount of tightening by the Fed and other global central banks.

☆ Here's how OpenInvest is upping JPMorgan's ESG game and helping the bank partner with more fintechs
▼ + stars: | 2022-10-12 | by ( Asia Martin | ) www.businessinsider.com time to read: +5 min

OpenInvest, a sustainable-investing robo-advisor, has spent the past 13 months integrating into JPMorgan following the bank's acquisition of the startup in August 2021. Such products would include ESG and values-aligned investment strategies for JPMorgan financial advisors, along with proxy voting and philanthropic giving. Josh Levin, OpenInvest cofounder and chief strategy officer, told Insider clients are able to view things like how much carbon or tobacco the client has avoided funding. OpenInvest is helping JPMorgan work with other fintechsMurray and Levin told Insider that JPMorgan's acquisition represents more than an opportunity to upgrade the bank's sustainable investing offering. And so, we're gonna be looking to work more readily with fintechs in the future," Murray told Insider.

☆ N.Korea fires two ballistic missiles ahead of Harris visit to South
▼ + stars: | 2022-09-28 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

SEOUL, Sept 28 (Reuters) - North Korea fired two short-range ballistic missiles off its east coast on Wednesday, South Korea's military said, a day before U.S. Vice President Kamala Harris is set to arrive in Seoul. The launch came two days after South Korea and U.S. forces conducted a military drill in waters off the South's east coast involving an aircraft carrier. On Sunday, North Korea fired another ballistic missile towards the sea off its east coast. "North Korea's provocations will further strengthen the South Korean-U.S. deterrence and response capability, and only deepen North Korea's isolation from the international community," the Joint Chiefs said in a statement. Following a stop in Japan, Harris will land in the South Korean capital and visit the heavily fortified Demilitarised Zone (DMZ) between the neighbours on Thursday.

☆ Amazon officially confirms it will hold a 2nd 'Prime Day' sales event in October
▼ + stars: | 2022-09-26 | by ( Isobel Asher Hamilton | ) www.businessinsider.com time to read: +2 min

Amazon announced it's holding a new sales event called the "Prime Early Access Sale" in October. Amazon has historically had a big sales event for its prime subscribers in July. Insider previously reported Amazon was planning the second October event. The October timing of the Early Access Sale means Amazon will be throwing the sales event right before it heads into its busy holiday season, known internally as "peak." Amazon did not immediately respond when contacted by Insider about why it had decided to introduce another sales day.

☆ This market is not the dot-com crash or the financial crisis. Here's how to play it
▼ + stars: | 2022-09-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +21 min

The S & P 500 never really got out of control back then — and, relative to bonds, it didn't either. The Fed chairman, correctly, feared the economy was going to crash, and he would have been right. I think that's certainly how people act. I think that most participants have decided there's no hope and they are using an analogue that's 2000-2001 (dot-com bubble bursting) or even 2007 (before the financial crisis and the Great Recession). Autos have been hurt by supply chain but I think that's coming to an end.

☆ 'Moneyball' manager Billy Beane says Warren Buffett's investing lessons apply to baseball too - and Seth Klarman agrees
▼ + stars: | 2022-09-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

"Moneyball" star Billy Beane said Warren Buffett and Charlie Munger's lessons apply to baseball. Author Michael Lewis profiled Beane in "Moneyball," and Brad Pitt played the baseball executive in the movie adaptation of the book. "It's about finding value in athletes, in baseball players — but those principles apply across areas," the billionaire investor and Baupost Group CEO said. Klarman has been heralded as "the next Warren Buffett," including by the Berkshire chief himself. Read more: Table tennis champion Ariel Hsing has been friends with Warren Buffett for more than a decade.

☆ Feared stock market bottom retest is now underway
▼ + stars: | 2022-09-24 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The first 60% reading was not at the decisive market low, though a year after each of them stocks were higher. The S & P index, maybe, at just under 16-times forecast profits, with some cross-asset models saying it should be perhaps two multiple points cheaper. Outside of the five largest S & P 500 names (Apple, Microsoft, Alphabet, Amazon and Tesla), the rest of the index is closer to a 14 multiple, with the equal-weighted S & P around 13. The three-year S & P 500 total return is still 9% annualized, meaning the bear hasn't yet really cut into muscle for longer-term investors. We'll see how this all plays into the feared market retest now underway.

☆ What Cramer is watching Friday — 2-year yield unstoppable as stocks to retest mid-June lows
▼ + stars: | 2022-09-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Our trusted S & P Oscillator is at a minus 7. Goldman cut its year-end S & P 500 target to 3,600 from 4,300. Darden Restaurants (DRI), parent of Olive Garden and LongHorn Steakhouse, had its price target lowered $2 to $129 by Deutsche Bank. Morgan Stanley is concerned that Advanced Micro Devices (AMD) will miss numbers, so it cut its price target to $95 per share from $102. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ 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.

☆ New Flexport CEO Dave Clark is shaking up the top of Ryan Petersen's $8 billion supply-chain startup
▼ + stars: | 2022-09-21 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

Former Amazon boss Dave Clark took his seat as the co-CEO of Flexport on September 1. Petersen told The Verge that Clark will have more direct reports than he did when he was sole CEO. On September 1, former Amazon Global Consumer CEO Dave Clark officially took his spot as co-CEO of the supply chain unicorn. He took the role of senior vice president of operations at Flexport on September 12, and reports directly to Clark. On the podcast, Petersen touted Clark's decisiveness as a key asset.

☆ Two veteran sports execs launch firm aiming to invest up to $50M in early-stage companies
▼ + stars: | 2022-09-20 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Two longtime sports executives are launching an investment firm they say will back startups capitalizing on the growing opportunities at the intersection of sports, media and entertainment. Velocity Capital Management said Tuesday it will invest up to $50 million in early-stage companies with enterprise values of up to $2 billion. "Camp is a business that cuts across some of the things we've been looking at as a firm," said Abrams. Before joining Harris Blitzer Sports & Entertainment as its chief investment officer in 2018, Abrams served as a partner at Apollo for much of his career. Rees previously guided Sportradar, a data firm that works with sportsbooks, sports federations and media companies, through its IPO in 2021.

☆ The quiet success of Tecton, a $900 million startup, has turned rivals Snowflake and Databricks into co-investors — and fanned a fierce debate over the future of AI
▼ + stars: | 2022-09-20 | by ( Matthew Lynley | ) www.businessinsider.com time to read: +6 min

Tecton, which specializes in a technology called feature stores, was a more divisive subject among industry insiders. Both Databricks and Snowflake have invested heavily in real-time data pipelines, including in Tecton's latest funding round. But it was hardly alone among machine-learning startups in commanding a high valuation with nominal revenue. Many investors wondered whether Tecton's feature stores were "a feature, not a product," as Steve Jobs famously called Dropbox. That skepticism remains, and some insiders expect a roll-up of overvalued machine-learning startups that attack one piece of the workflow, including Tecton.

☆ Andy Kessler — Opinion Columnist, Inside View at The Wall Street Journal
▼ + stars: | 2022-09-19 | by ( Andy Kessler | ) www.wsj.com time to read: 1 min

Andy KesslerAndy Kessler is the author of Inside View, a column he writes for The Wall Street Journal on technology and markets and where they intersect with culture. He won the 2019 Gerald Loeb Award for commentary. He is the author of several books including Wall Street Meat and Eat People. He used to design chips at Bell Labs before working on Wall Street for PaineWebber and Morgan Stanley and then as a founder of the hedge fund Velocity Capital.

As the Apple Watch family gets bigger, the picking the best Apple Watch for you gets harder and harder. Over the last few years, we've gotten three different models of Apple Watch to choose from: The Apple Watch Series 8, the Apple Watch SE (2nd generation), and the Apple Watch Ultra. Apple Watch SE vs Series 8: Emergency safety featuresBoth the Apple Watch Series 8 and SE (2nd generation) have the same emergency safety features. Apple Watch SE (2nd generation)GPS GPS + Cellular 40mm $249 $299 44mm $279 $329Insider's takeawayTo sum it all up, the Apple Watch Series 8 and Apple Watch SE are remarkably similar. Great Price Apple Watch Series 8 (41mm, GPS) The Apple Watch Series 8 features a temperature sensor, car crash detection, and low-power mode.

Persons: we've, Here's, you'll, It'll, you've Organizations: Apple Watch, Apple, Apple Apple, Price Apple, Amazon Apple

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☆ The Climate-Change ‘Emergency’ Is Coming for You
▼ + stars: | 2021-11-17 | by ( Andy Kessler | ) www.wsj.com time to read: 1 min

Andy Kessler is the author of Inside View, a column he writes for The Wall Street Journal on technology and markets and where they intersect with culture. He won the 2019 Gerald Loeb Award for commentary. He is the author of several books including Wall Street Meat and Eat People. He used to design chips at Bell Labs before working on Wall Street for PaineWebber and Morgan Stanley and then as a founder of the hedge fund Velocity Capital.

Persons: Andy Kessler, Gerald Loeb, Morgan Stanley Organizations: Wall, Bell Labs, Velocity Capital Locations: PaineWebber

☆ Andy Jassy officially starts as Amazon CEO today. Insiders describe his 'CHOP' meetings, micromanagement, and 'Nice' emails.
▼ + stars: | 2021-07-05 | by ( Eugene Kim | Ashley Stewart | ) www.businessinsider.com time to read: +22 min

On July 5, Andy Jassy officially became Amazon CEO, succeeding Jeff Bezos, who steps into the position of executive chairman. When Amazon Web Services CEO Andy Jassy has a big decision to make, it usually comes at the Chop. "If you go to a Chop meeting with Andy, you better be ready," one former senior-level employee told Insider. Though he's one of the longest-serving executives at Amazon and a close confidant of CEO Jeff Bezos, Jassy still remains relatively little-known outside tech circles. Early on in the pandemic, Jassy told AWS employees that "the world is relying on Amazon," according to an email seen by Insider.

Persons: Andy Jassy, Jeff Bezos, Jassy, Andy, —, Dan Ives, Bezos, It's, Jassy's, Steve Ballmer, Satya Nadella, Travis Kalanick, he's, Dave Matthews, Rothschild, Scott Chancellor, who's, let's, Jeff, Taimur Rashid, AWS's, Rashid, it's, Tim Bray, Bray, Marc Benioff, Salesforce, Chancellor, MARK RALSTON, He's, Trump, Donald Trump's, Jeff Wilke, it'll, didn't, Ashley Stewart, Eugene Kim Organizations: Amazon, Amazon Web, Seattle, Charterhouse, Wedbush Securities, Services, AWS, they're, Harvard, New York Times, Redis Labs, Amazon ., Getty, Lawmakers, Defense Department, Microsoft, Black, Google, Netflix, Black Employee Network, African, Lambda, Web Services Locations: Parma, Jassy, manila, Bezos, AFP, DynamoDB

☆ Productivity tips from Elon Musk, Jeff Bezos and Steve Jobs
▼ + stars: | 2019-09-11 | by ( Taylor Locke | ) www.cnbc.com time to read: +5 min

Elon Musk eliminates excessive meetingsElon Musk speaks onstage during the E3 conference in Los Angeles on June 13, 2019. Charley Gallay | Getty ImagesElon Musk starts his day with his most critical work and schedules the rest of his day based on priority. Jeff Bezos makes quick decisionsAmazon Founder and CEO Jeff Bezos Mark Ralston | AFP | Getty ImagesIt's important to make "high-quality, high-velocity" decisions, according to Amazon CEO Jeff Bezos. Steve Jobs knew when to say 'no'Apple Inc.'s former CEO, the late Steve Jobs, announces the new iPad on January 27, 2010 in San Francisco, California. Justin Sullivan | Getty Images News | Getty ImagesAs Resume.io points out, Steve Jobs believed a key to productivity is knowing when to say "no."

☆ How this high school dropout went from $100K in debt to bringing in $18M selling stuff on Amazon
▼ + stars: | 2018-12-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +10 min

Seven years ago, Larry Lubarsky was a 31-year-old high school dropout who had no money saved and was $100,000 in debt. Lubarsky buys products — like electronics, beauty supplies or toys — in bulk and then re-sells them on Amazon for a profit. "I had no idea that selling on Amazon was even a thing," Lubarsky says of his first brush with the business. Starting his own businessThe windfall from his cut of that Amazon business got Lubarsky back on his feet. He rented his own apartment in Brooklyn and in 2014, used his newly acquired expertise to launch his own Amazon business.

That means astronauts on the International Space Station get to age just a tiny bit slower than people on Earth. And for astronauts on the International Space Station, that means they get to age just a tiny bit slower than people on Earth. That's why time passes slower for objects closer to the center of the Earth where the gravity is stronger. That means time should also slow down for the astronauts relative to people on the surface. You'd think that might even out, but actually their velocity time dilation has a bigger effect than their gravitational time dilation, so astronauts end up aging slower than people on Earth.

☆ The 10 most bizarre weapons of World War II
▼ + stars: | 2015-07-22 | by ( Alex Lockie | Lloyd Lee | ) www.businessinsider.com time to read: +12 min

World War II brought many successful innovations in technology including weapons. From explosive rats to a 155-foot-long gun, here are some of the most bizarre weapons from WWII. During World War II, the world's major powers set their sights on advancing technology, medicine, and communications in order to be efficient and fearsome in battle. PanjandrumThe Panjandrum, a rocket-propelled explosive cart, was one of the more curious weapons to have come out of World War II. Explosive ratsDogs were not the only unfortunate animal victims of experimental war weapons.

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