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☆ Over 100 parties have expressed interest in buying at least one part of FTX, lawyers handling the crypto giant's bankruptcy say
▼ + stars: | 2023-01-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

117 parties have expressed an interest in buying at least one of four FTX businesses up for sale. Court filings said Embed, LedgerX, FTX Europe, and FTX Japan had segregated customer accounts. FTX Europe and FTX Japan are also up for sale, both with around 40 interested parties, the documents show. It also noted that that Embed, LedgerX, and FTX Europe maintained separate computer systems, while FTX Europe and FTX Japan had distinct headquarters. Lawyers handling the bankruptcy case did not immediately respond to Insider's request for comment, sent outside normal working hours.

☆ U.S. Trustee files objection to FTX's planned asset sales
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +1 min

Trustee filed an objection on Saturday to plans by bankrupt crypto exchange FTX to sell its digital currency futures and clearinghouse LedgerX, as well as units in Japan and Europe, according to a court filing. FTX filed for bankruptcy protection in November and said last month it planned to sell its LedgerX, Embed, FTX Japan and FTX Europe businesses. Trustee Andrew Vara called for an independent investigation before the sale of the units, arguing that the companies may have information related to FTX's bankruptcy. FTX said in a court filing last month that the companies it planned to sell are relatively independent from the broader FTX group, and that each has its own segregated customer accounts and separate management teams. Reporting by Anirudh Saligrama in Bengaluru Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

A former New York weatherman who alleged in September that he was fired after someone sent nude webcam photos of him to his employer is speaking out against online “predators” following months of silence. After he learned the photos were taken, Adame asked Unit 4 Media for more information about the user who shared them. It is also unclear if the “pictures and videos” Adame refers to in his latest Instagram post are the same images referred to in the petition or additional images. Toward the end of his latest video, Adame shared a message with his followers. Adame told NBC News that he still hasn’t found work since his departure from NY1.

☆ A CEO's apology is a make-or-break moment. Here's how to do it right.
▼ + stars: | 2023-01-04 | by ( Josée Rose | ) www.businessinsider.com time to read: +4 min

When a CEO or company messes up and trust is broken, the apology must be done right. Trust is the everyday currency of business, PwC's Wes Bricker says. CEOs must be aware that the way they apologize is just as important as the words "I'm sorry." In recent years, a corporation's or CEO's apology has taken on greater significance because customers and employees are often quick to demand that leaders take ownership and show transparency around their actions. Sucher said CEOs were receptive to a framework on how to apologize because "everyone messes up at times."

☆ UBS downgrades Microsoft, cites weakening outlook for Azure and Office
▼ + stars: | 2023-01-04 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

On Azure, the analyst said the company's growth engine is entering a "steep growth deceleration" that could be worse in 2023 and 2024 than investors are expecting. Shares of Microsoft were down roughly 29% in 2022, snapping a 10-year winning streak. "This full-year performance and the modest -4% correction since the tough 1Q/Sept print appears a testament to Microsoft's diversified and relatively sticky enterprise-focused portfolio," Keirstead wrote. We are not making a material negative call on the stock, but at 24.5x CY23E FCF, Microsoft shares already embed a 'defensive premium' and are a consensus long," Keirstead added. Shares of Microsoft were down about 2% in Wednesday premarket trading.

☆ Trust is the currency that CEOs need to be using to build their businesses, PwC exec says
▼ + stars: | 2023-01-03 | by ( Josée Rose | ) www.businessinsider.com time to read: +4 min

Leaders can't expect to inspire transformation and change without trust, a PwC exec says. CEOs and leaders should be using trust daily to build teams and business strategies, as well as to connect with clients, Bricker said. In PwC's survey, 87% of business executives said they thought consumers had a high level of trust in their business, but only 30% of consumers said they did. Leaders can't expect to inspire transformation and change without it. "Trust comes first, and it's what gives us all as business leaders the right to solve important problems," he said.

In TV, the top 10 list ranges from the indefinable second season of “The White Lotus” to laugh-out-loud comedies and smoldering fantasy shows. “Catch the Fair One” is available on Hulu and various video-on-demand platforms. “Paris, 13th District” is available on Amazon Prime Video and various video-on-demand platforms. “Peter Von Kant” is available on various video-on-demand platforms. “Tár” is available on various video-on-demand platforms.

And much like the COVID pandemic, calling the big event wouldn't necessarily have made your year-ahead financial market forecast much better or your bottom lines any fatter. Forecasts are a lifeblood in markets because no one can take a position without at least some conviction about what might happen next. The Federal Reserve's quarterly economic and policy rate projections for three years hence are a case in point. For context, the 4 point error range on unemployment rate forecasts is a difference of almost 6 million jobs and a 4.6 point range on GDP is more than a trillion dollars of output. The European Central Bank is more explicit about what market price assumptions it uses in staff forecasts.

☆ The technology challenges CEOs view as opportunity and threat in a post-Covid economy
▼ + stars: | 2022-12-19 | by ( Bob Violino | ) www.cnbc.com time to read: +6 min

One challenge CEOs see is that emerging and disruptive technology is both an opportunity and a threat. CEOs said their organizations need to be quicker to shift investments to digital opportunities and divest in those areas where their organizations face digital obsolescence. Addressing employee burnoutAnother issue CEOs said their organizations need to address is pandemic-related employee burnout from accelerated digital transformation over the past two years. "I think that there is some truth to the state of fatigue brought on by the need to quickly adopt remote work-related technology," Clark said. Rather than focus on the "right technology," organizations should aim to deploy the right mix of technology, Carande said.

☆ Sam Bankman-Fried's FTX wants to sell some of its last remaining solvent businesses as its restructuring process picks up
▼ + stars: | 2022-12-16 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

FTX wants to sell some of its last functioning business units, according to a court filing. The embattled company has petitioned a federal court for permission to sell several of its subsidiaries, including US derivatives platform LedgerX, as the troubled firm's restructuring process picks up. Company attorneys say it's a "priority" for FTX to "explore sales" and "strategic transactions" of some of its remaining businesses, according to a court filing on Thursday. The filing continued: "The Debtors believe a number of these entities have solvent balance sheets, independent management and valuable franchises." FTX wants to sell these businesses fast, according to the court document, which indicated that some of the entities have had their operating licenses suspended following FTX's collapse.

☆ FTX debtors file bidding procedures motion for sale of four businesses
▼ + stars: | 2022-12-16 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: +1 min

Companies FTX Japan KK FollowDec 16 (Reuters) - FTX and its affiliated debtors said on Friday the company had filed a motion with the Bankruptcy Court seeking approval of bidding procedures to sell four businesses. Debtors of the bankrupt cryptocurrency exchange intend to conduct auctions for Embed, LedgerX, FTX Japan and FTX Europe businesses, according to the statement. The move comes after FTX founder Sam Bankman-Fried was arrested on fraud charges on Monday. FTX filed for bankruptcy protection in Delaware in November after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal. Reporting by Noor Zainab Hussain and Mehnaz Yasmin in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ This startup enables companies to host video content on their own platforms. Check out the 15-slide pitch deck api.video used to raise $12 million.
▼ + stars: | 2022-12-13 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Bordeaux-based api.video enables developers to incorporate videos on companies' own platforms. A French startup that provides developers with the tools to embed video content on companies' native apps and websites has raised $12 million. Api.video has created a cloud-based platform that allows developers to integrate video content on companies' platforms. The startup makes its money "based on customers' usage of the platform," Montet told Insider. Tony Nysten, principal at OpenOcean, said that the rise of video as a preferred method for consumers to gain information has meant that "video infrastructure has become a critical part of modern data infrastructure."

"The issue with Google Ad Manager has been resolved and ad serving has now been restored for the affected users,” Google said in a tweet on Thursday evening. “We apologize for the inconvenience.”News websites such as the New York Times, Washington Post, Wall Street Journal and Los Angeles Times were being affected by the issue, one of the sources said. The New York Times, Washington Post, Wall Street Journal and Los Angeles Times and Google did not immediately respond to requests for comment. Ad Manager has about 90% share of the U.S. market for ad-serving software, which publishers embed on their websites, according to an ongoing antitrust lawsuit Texas and other states have been pursuing against the tech giant. The lack of competition has left publishers with few back-up options to Google Ad Manager, the sources said, and lawmakers in the U.S. and elsewhere are pursuing legislation to curb Google's market power.

☆ Hair oiling, cups of tea and mom's beauty secrets: Welcome to South Asian Gen Z’s ‘auntie’ era
▼ + stars: | 2022-12-08 | by ( Sakshi Venkatraman | Sakshi Venkatraman Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +10 min

Before Kaaviya Sambasivam left for elementary school each morning, her mother performed a ritual that generations of South Asian women had done before. South Asian women, fueled in part by lockdown forcing them to go home to their moms, have become a receptive TikTok community. Uniquely South Asian routines that once relegated them to the social outskirts now find an audience of thousands online. Other South Asian women say they can relate too. She remembers the days when the Facebook group Subtle Curry Traits was the only cultural touchstone for South Asian diaspora kids.

☆ Pentagon debuts its new stealth bomber, the B-21 Raider
▼ + stars: | 2022-12-03 | by ( ) www.cnbc.com time to read: +7 min

The B-21 Raider is the first new American bomber aircraft in more than 30 years. Both the Air Force and Northrop also point to the Raider's relatively quick development: The bomber went from contract award to debut in seven years. And we will build the bomber force in numbers suited to the strategic environment ahead," Austin said. The B-21 Raider, which takes its name from the 1942 Doolittle Raid over Tokyo, will be slightly smaller than the B-2 to increase its range, Warden said. Northrop Grumman has also incorporated maintenance lessons learned from the B-2, Warden said.

☆ Elon Musk says he'd be comfortable implanting a Neuralink brain chip in one of his children
▼ + stars: | 2022-12-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk says he'd be comfortable implanting a Neuralink brain chip into one of his children. Speaking at a company event, Musk said such a move would not be dangerous, in his opinion. Neuralink's brain chip has tiny wires embedded with electrodes that monitor brain activity and aim to electrically stimulate the brain. He also said he planned to install a Neuralink brain implant in himself when the device is ready. "You could have a Neuralink device implanted right now and you wouldn't even know.

☆ Why business alliances are a triple-win for your company, partner, and customers
▼ + stars: | 2022-12-01 | by ( Sponsor Post | Created Viu Hub With Insider Studios | ) www.businessinsider.com time to read: +6 min

Strategic partnerships are one way organizations can expand their offering to drive significant customer satisfaction and engagement. Some well-known examples of successful strategic partnerships include Starbucks and Target. Businesses are looking at strategic partnerships for growth now more than ever. Partnering with another business means you'll be able to reach their clients as well, making strategic partnerships an incredibly effective marketing strategy for both sides. The ability to support the transactional experience, enabling strategic partners to provide their customers with additional value while staying focused on their core business.

☆ Elon Musk says he's confident Neuralink will be ready to put chips into human brains in the next 6 months
▼ + stars: | 2022-12-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk says he's confident that Neuralink's chips will soon be inserted into human brains. The billionaire has set and missed multiple timelines for getting the brain chips into humans. At the event, Musk demonstrated the brain-computer interface technology by showing a video of a monkey apparently fitted with a Neuralink brain chip. Musk has set — and missed — multiple timelines for getting Neuralink's brain chips into humans. In 2019, Musk said the company hoped to get a brain chip into a human patient by the end of 2020.

November marks Native American Heritage Month, and the following 10 LGBTQ+ Indigenous trailblazers are bringing important representation to TV, challenging traditional gender expectations at powwows and elevating issues affecting Indigenous people, such as the epidemic of missing and murdered Indigenous women. Tom Williams / CQ Roll Call via AP fileRep. Sharice Davids, a member of the Ho-Chunk nation, became the first LGBTQ Native American elected to Congress and one of the first Native American women to serve in Congress after winning her race for Kansas’ 3rd Congressional District in 2018. Scott, of Aurora, Colorado, who uses she and they pronouns, leverages her platform to highlight issues affecting the queer Indigenous community. “I just want to flood the industry with Indigenous people, Indigenous models, Indigenous stories, and Indigenous designers.”Kali Reis (KO)Kali Reis, who is Seaconke Wampanaak and Cape Verdean, is a trailblazing Indigenous two-spirit athlete who wears many hats. Native American Heritage Month invites non-Native folks in joining us in recognizing our histories and celebrating our communities.

☆ Manchester United fans want more say under any new owners
▼ + stars: | 2022-11-23 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Nov 23 (Reuters) - Manchester United needs new owners and fresh investment to halt years of decline and fans should be given a real say in how the club is run in future, the Supporters Trust MUST said on Wednesday. "Any new ownership structure must embed supporters, including a degree of fan share ownership, in their operating model." Manchester (United) is a marketing club," Portuguese forward Cristiano Ronaldo said this month in an explosive interview that led to his departure. Duncan Drasdo, the MUST chief executive, told Sky Sports television "the real way to unlock the value of Manchester United is to work in partnership with the fans, not exploit them as customers. Ratcliffe, a lifelong United fan who heads chemicals company INEOS, said last month he had contacted the Glazer family about buying United but was told the club was not for sale.

☆ Avoid stocks and make these 7 investments instead to improve your odds of enjoying a positive return in what may be a brutal 2023, according to PIMCO
▼ + stars: | 2022-11-20 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here's how the firm says to invest in 2023 as interest rates peak and markets struggle. After one of the worst years ever for the classic 60-40 stock-bond portfolio, portfolio managers at Pacific Investment Management Company (PIMCO) have gone back to the drawing board. Higher interest rates will bring down corporate profits — not just inflation, Browne warned. "With interest rates higher amid a challenging macro environment, we see a compelling case for bond allocations and are cautious about higher-risk investments," Browne wrote. Countries that started hiking interest rates early, including those in emerging markets, will offer the best opportunities early in the downturn.

loadingIn a follow-up tweet, FTX said subsidiaries LedgerX LLC, FTX Digital Markets, FTX Australia Pte Ltd, FTX Capital Markets, Embed Financial Technologies and Embed Clearing were not included in the Chapter 11 filings. People familiar with the matter told Reuters at least $1 billion of customer funds have vanished from FTX. The nine days of turmoil hit already-struggling cryptocurrency markets, sending bitcoin to two-year lows . Its CEO Brian Armstrong told CNBC crypto markets need regulation to avoid more washouts like FTX. This is the primary way financial markets could suffer, as it may have further minor implications for portfolio shocks in a volatile macro regime."

☆ 'Real allyship is every day': 3 steps to being a better ally at work, according to Goldman Sachs' chief diversity officer
▼ + stars: | 2022-11-08 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

And now more than ever, allyship is crucial to the success and comfortability of diverse professionals in the workplace. According to Megan Hogan, chief diversity officer at Goldman Sachs, being a true ally to your peers is all about authenticity and longevity. EngageBeing a true ally starts with being aware and knowledgeable about the perspectives and experiences of people from diverse groups. "When we think about seeking out diverse perspectives, asking people open-ended questions about their experience and how they've navigated the world differently, potentially based on their backgrounds, is the first step." These are everyday acts of allyship that are quite practical and make sure that people feel included."

The top runners in the New York City Marathon’s nonbinary division won cash prizes Sunday, a first for a World Marathon Majors race. Instead, it reported, the nonprofit New York Road Runners awarded the monetary prizes to the top nonbinary finishers. Last year, the NYC Marathon recognized its first nonbinary division winner, Zackary Harris, but the division did not receive a monetary prize. Harris came in second place in the nonbinary division this year, with a time of 3:09:41. Of the six World Marathon Majors races, five of them — New York, Boston, Chicago, London and Berlin — have recently added a nonbinary category.

☆ 2 top investors identify fintech trends flying under the radar
▼ + stars: | 2022-11-07 | by ( Asia Martin | ) www.businessinsider.com time to read: +4 min

Payments and lending are receiving a lot of hype from venture capitalists, but two investors say that needs to change. That's lagging well behind 2021, which saw more than $46 billion raised by US fintechs at this point last year. Kemp and Russ told Insider the top areas they feel have flown under the radar within fintech. B2B PaymentsThe direct-to-consumer space has become digitized and somewhat commoditized, Kemp told Insider. Financial education, equity and accessVenture capital is overlooking a lot of companies doing interesting things around financial education, financial equity, and giving underserved populations access to much-needed financial tools, Russ told Insider.

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