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☆ 4 strategies I use to manage my ADHD at work, from 'monotasking' to creating rituals
▼ + stars: | 2023-04-05 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

Anna Seirian tried to start her own business but felt distracted and struggled to get work done. After she was diagnosed with ADHD in 2020, she implemented new ways of working to stay focused. I had the idea of creating a video session where a few of us could work together. "Monotasking" — working on a single project task or idea for a clearly defined amount of time — has been a game changer. My work patterns aren't perfect — but they're working for meIt's a constant work in progress.

☆ Social Security trust funds depletion date moves one year earlier to 2034, Treasury says
▼ + stars: | 2023-03-31 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

The Social Security trust funds that about 67 million Americans rely on for benefits are scheduled to be depleted in 2034, one year earlier than was projected last year, according to the annual trustees' report released by the Treasury Department on Friday. Unless Congress takes action, at that time, 80% of scheduled benefits will be payable from the combined funds for old age and survivors insurance and disability insurance. The new depletion date comes as the trustees updated their projections for the U.S. economy to include recent output and inflation. Meanwhile, Medicare's hospital insurance trust fund will be able to pay 100% of scheduled benefits until 2031, three years later than projected last year. The White House earlier this month laid out a plan to extend the solvency of Medicare's hospital insurance trust fund, also known as Medicare Part A, which covers hospital, nursing facility and hospice services for eligible beneficiaries.

☆ Galderma owners delay IPO, review Credit Suisse role - source
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

The shareholders, including Swedish buyout house EQT (EQTAB.ST) and the Abu Dhabi Investment Authority (ADIA), are also reviewing Credit Suisse's (CSGN.S) role as global coordinator for the IPO, the source added, after the troubled lender agreed to be taken over by rival UBS in a government-brokered rescue. Bloomberg first reported on the IPO delay and the review of Credit Suisse's role. Galderma had been preparing to list as soon as after the Easter holidays, sources had told Reuters, having previously delayed its IPO plans because of poor market conditions. Last year, the group was forced to postpone its listing ambitions after the invasion of Ukraine and soaring interest rates ground the IPO market almost to a halt, as reported. Galderma and Credit Suisse declined to comment.

☆ 'It's honestly changed my life': Employees from one of the biggest 4-day-workweek trials say working less improved their lives but was a big adjustment
▼ + stars: | 2023-03-29 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

Employees working four-day weeks told Insider having the extra day off was an adjustment at first. "It's hard to overstate how good it's been," Jo Sims, a senior case manager at AKA Case Management, told Insider, adding: "It's honestly changed my life." Sims said the extra day off had improved her mental health, eased her stress levels, and left her with a new perspective. The study was led by academics from Boston College, the University of Cambridge, and the research organization Autonomy in partnership with the campaign groups 4 Day Week Global and 4 Day Week Campaign. A representative for the 4 Day Week Campaign put Insider in contact with the four employees that are referenced in this article.

☆ When His Father Couldn’t Drive Anymore, a Torino Gave Him a Lift
▼ + stars: | 2023-03-25 | by ( A.J. Baime | Photographs Gavin Mcintyre For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Ali Faile , 49, a healthcare executive living in Mount Pleasant, S.C., on his 1968 Ford Torino, as told to A.J. My parents, Bob and Jo Faile, got married in March of 1967, in Winnsboro, S.C. That fall, my father went to the Adams Motor Co. Ford dealership, where his father worked in the service department, and bought a Ford Torino. I have a picture of the original bill of sale, dated Oct. 3, 1967, with a cost of $3,038.50.

Brookfield has prevailed over other investment firms in an auction that Data4's majority owner, Axa Investment Managers, held for the company, the sources said on Friday. If negotiations and financing arrangements are concluded successfully, a deal could be announced as early as next week, the sources added. The sources cautioned that there remained a chance that no deal would be completed and asked not to be identified because the matter is confidential. Brookfield declined to comment, while representatives for Data4 and AXA Investments, a division of French insurer AXA (AXAF.PA), did not immediately respond to requests for comment. Headquartered in Paris, Data4 operates at least 25 data centers across France, Italy, Spain and Luxembourg, according to its website.

☆ ‘Rabbit Hole’ Review: Kiefer Sutherland, Corporate Fixer
▼ + stars: | 2023-03-24 | by ( John Anderson | ) www.wsj.com time to read: +1 min

If your paranoia has lost its edge, “Rabbit Hole” might be just the multi-episodic whetstone you need. The atmosphere of the eight-part season 1, created by Glenn Ficarra and John Requa , is a mix of good-natured dread with a dash of cynicism, and though I wouldn’t say this in most instances, Mr. Sutherland is perfectly cast. He has an actorly capacity for epic arrogance and his character, John Weir , is nothing if not smug, even in the face of daunting assignments or federal authorities—whom he assures he is not engaged in corporate espionage. “Manipulating people, influencing markets is what then?” asks beleaguered FBI Financial Crimes Unit investigator Jo Madi (Enid Graham, “Mare of Easttown”). Replies the smirking Weir: “Consulting.”

☆ Subprime lender Amigo to wind down after failing to raise funds
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +1 min

LONDON, March 23 (Reuters) - British subprime lender Amigo Holdings plc (AMGO.L) said on Thursday it would wind down after failing to secure adequate investor interest in a crucial capital raising, ending months of efforts to restructure its ailing business. The loan book will continue to be collected during the wind-down phase and employees will continue to be paid, the company said. Amigo has been scrambling to survive after struggling to cope with the cost of compensating customers for missold loans. Shares have collapsed 99% from a high of 315 pence shortly after a 2018 IPO valuing it at 1.3 billion pounds. Reporting by Amy-Jo Crowley Editing by Sinead Cruise and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ This CEO's first 2 side hustle attempts failed—now his third business is worth $4 billion
▼ + stars: | 2023-03-23 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Look at Joe Kudla, the 45-year-old CEO and founder of Encinitas, California-based Vuori, a fast-growing athletic apparel startup most recently valued at $4 billion in 2021. When Kudla launched Vuori in 2014, he'd already tried and failed to get two other apparel brands off the ground. One was a contemporary women's apparel brand called Sammy Jo. The other was a T-shirt startup he'd also called Vuori, the Finnish word for "mountain." Launching the current version of Vuori as a side hustle wouldn't have worked for two reasons, he says.

☆ Spring training roundup: A's yield inside-the-park HR, rally past Angels
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +5 min

Taylor Ward scored an inside-the-park home run for the Angels in the first inning. Ward's liner to center got past a diving Esteury Ruiz, and the A's were slow to chase it down. Jake Cave hit his third homer of spring training for Philadelphia, while Pirates veteran Andrew McCutchen hit his first of the spring, a two-run shot. Washington got a two-run homer from Victor Robles and outhit St. Louis 15-6. The Giants had 16 hits, hanging six hits and six runs on Dodgers starter Noah Syndergaard (1-2) over 4 1/3 innings.

Ardian, which is the second largest shareholder in INWIT behind European tower company Vantage Towers AG (VTWRn.DE), wants to take INWIT private and is working with advisers at JPMorgan Chase & Co (JPM.N) on a potential offer, the people said. Deutsche Telekom last year sold 51% of its tower business Funkturm to a consortium of Canada's Brookfield and U.S. private equity firm DigitalBridge. Any offer for INWIT could take months to materialise as preparations remain at a preliminary stage, one of the people said. The sources cautioned that an offer is not certain and asked not to be identified because the deliberations are confidential. Ardian, Vantage Towers, INWIT and JPMorgan declined to comment.

☆ Spring training roundup: Max Fried stays unbeaten, Braves blank Twins
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +7 min

Ozuna's home run -- his first of the spring -- came in the third inning and completed the scoring. Twins starter Kenta Maeda (0-1) gave up five runs (all earned) and five hits in four innings. For the Blue Jays, starter Alek Manoah (1-2) gave up one run and five hits in six innings. Rockies 7, Royals (split squad) 0 (six innings)German Marquez tossed five shutout innings as visiting Colorado blanked Kansas City in Las Vegas. Elehuris Montero and Michael Toglia went deep for the Rockies, while Matt Beaty doubled for the Royals' only extra-base hit.

☆ Explainer: Why markets are in uproar over a risky bank bond known as AT1
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +4 min

Here are some of the implications of the Credit Suisse AT1 bond write-down. WHAT IS AN AT1 BOND? Credit Suisse AT1 holders, therefore, are the only ones not to receive any kind of compensation. It is not the first time that the treatment of AT1 bonds in a bank overhaul has caused controversy. The decision to write down Credit Suisse AT1 bonds to zero is viewed as negative for the AT1 bond market globally.

☆ College acceptance and financial aid letters are going out — how to understand your offers
▼ + stars: | 2023-03-18 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

watch nowUnderstanding the college financial aid letterOne of the first things to understand when assessing aid letters is the formula colleges use to come up with the expected family contribution. Kalman Chany financial aid consultantFurther, not all colleges include both direct and indirect expenses in the total "cost of attendance." As a rule of thumb, add an extra $4,000 for those indirect costs if they are not included in the aid offer, Chany said. Differentiate free vs. borrowed moneyIn most award letters, there are often several financial aid options, including grants, scholarships, work-study opportunities and student loans. If your circumstances are now different, that should be brought to the financial aid office's attention with documentation.

As part of the overhaul announced in October, it is seeking to spin off merger advice and leveraged finance into a new entity named Credit Suisse First Boston (CSFB), for which it has been seeking buyers. Credit Suisse is most valuable in separate parts, and there are high-level M&A talks taking place, said a senior banker who advises banks on deals. TAKEOVERSelling off parts of Credit Suisse could require time, which markets may not give. The two have complementary investment banking businesses -Credit Suisse is stronger in credit and UBS in equities. However, some have faith that Credit Suisse can still make it safely to the end of the tight rope.

To deliver cargo to a customer's door, the P2 Zip hovers around 300 feet above ground level and dispatches a kind of mini-aircraft and container called the "droid." Setting up one of these docks takes about as much work as installing an electric vehicle charger, Rinaudo Cliffton said. Before developing the P2 Zip, Zipline had established logistics networks in Cote d'Ivoire, Ghana, Japan, Kenya, Nigeria and Rwanda already. It is operating some drone delivery networks in the US, in North Carolina, Arkansas and Utah -- but the P2 will help it expand that network. The droid component of the P2 Zip is designed to enter distribution centers through a small portal, where it's loaded up with goods for delivery.

WASHINGTON/SINGAPORE, March 13 (Reuters) - U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank (SIVB.O) threatened to trigger a broader financial crisis. Silicon Valley Bank (SVB), a mainstay for the startup economy, was a product of the decades-long era of cheap money, with unique risks that made it especially vulnerable. With the Fed poised to continue raising interest rates, investors said the financial system may not be fully out of the woods just yet. Goldman Sachs' analysts said they no longer expect it to raise rates at that meeting, amid the stress in the banking sector. A senior U.S. Treasury official said the actions taken would protect depositors, while providing additional support to the broader banking system, but officials and regulators were continuing to monitor financial system stability.

With assets of around 5.5 billion pounds and deposits of around 6.7 billion pounds, SVB UK is a minnow compared to HSBC. The situation was urgent because SVB UK had lost almost half of its deposits in the 48 hours leading up to its rescue, the source said. Officials from the Bank of England and Treasury along with board members from SVB UK were then locked in talks. HSBC also plans to inject 2 billion pounds of liquidity into SVB UK, a spokesperson for HSBC said. Advisory firm Rothschild, which advised SVB UK according to sources, also declined to comment.

☆ I do 'Bare Minimum Mondays' at work to help beat the 'Sunday scaries' and avoid burnout. It's totally changed my life and how I approach my job.
▼ + stars: | 2023-03-12 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

TikTok creator and startup founder Marisa Jo Mayes has gone viral for doing "Bare Minimum Mondays." One day last March, I gave myself permission to do the absolute bare minimum for work, and it was like some magic spell came over me. I've done Bare Minimum Monday every week since. On a Bare Minimum Monday, I don't take meetings and take it slow for the first two hours. I understand Bare Minimum Monday isn't realistic for everybody.

☆ UK finance minister and Bank of England work to contain SVB fallout
▼ + stars: | 2023-03-11 | by ( ) www.reuters.com time to read: +3 min

The Bank of England on Friday said it was seeking a court order to place SVB UK into an insolvency procedure. Advisory firm Rothschild & Co is exploring options for SVB UK as insolvency looms, two people familiar with the discussions told Reuters. More than 250 UK tech firm chief executives signed a letter addressed to Jeremy Hunt, the British chancellor of the exchequer (finance minister), calling for government intervention, a copy seen by Reuters shows. "The recent news about SVB going into insolvency represents an existential threat to the UK tech sector," the letter said. Sky News had reported earlier on Saturday that a British clearing bank, the Bank of London, was considering a rescue bid for the UK arm of SVB.

☆ VIEW SVB meltdown triggers global drop in bank shares
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +2 min

March 10 (Reuters) - The failure of troubled tech-lender SVB Financial Group's (SIVB.O) efforts to raise capital through a stock sale rippled through global markets on Friday and sent shares of many banks tumbling. read moreShares of SVB, which does business as Silicon Valley Bank, were halted on Friday after tumbling as much as 66% earlier in premarket trading. The S&P 500 banks index (.SPXBK) dropped 0.63% on Friday after a 6.6% decline on Thursday, while the KBW Regional Banking index (.KRX) was down 2.3%. Europe's STOXX banking index (.SX7P) fell almost 5%, tracking toward its biggest one-day percentage slide since June 2022. If investors are concerned about deposit flow, why punish the stocks who have sticky, operational retail checking deposits?

☆ Europe's lenders sucked into global banks rout
▼ + stars: | 2023-03-10 | by ( Alun John | ) www.reuters.com time to read: +2 min

[1/4] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 8, 2023. The episode underscored the vulnerability of banks, many of which were propped up by taxpayers' cash following the global financial crisis more than a decade ago. Investors in SVB's stock had fretted over whether the capital raise would be sufficient given the deteriorating fortunes of many technology startups that the bank serves. But some startups have been advising their founders to pull out their money from SVB as a precautionary measure, the sources added. Writing By John O'Donnell; Additional reporting by Jo Mason; Editing by Elisa Martinuzzi and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

The S&P 500 banks index (.SPXBK) dropped 6.6% on Thursday and was set to open lower again on Friday. The crisis at SVG was feeding growing investor concerns that banks will be vulnerable to the rising cost of money. In an unusual step, Commerzbank, one of Germany's largest banks, issued a statement, playing down any threat from SVB, saying it did not see "a corresponding risk for us". "The market is treating this as a potential contagion risk," said Antoine Bouvet, senior rates strategist at ING in London. A spike in interest rates has led to a sell-off in bonds, leaving banks exposed to potential losses on the securities they hold.

[1/2] European Central Bank and SVB (Silicon Valley Bank) logos are seen in this illustration taken March 10, 2023. SVB, which does business as Silicon Valley Bank, was not immediately available for comment. "Silicon Valley Bank is shedding light on vulnerabilities across the US banking sector, primarily in the bond holdings that many large institutions hold," said Karl Schamotta, Chief Market Strategist at Corpay. “The current liquidity run on Silicon Valley Bank is having a knock-on effect on the wider banking system," said Rick Seehra, Prudential Lead at Bovill. But banking experts said SVB's issues were unique and the worries about the broader sector were not warranted.

☆ Bank of America names senior Europe TMT bankers in reshuffle -memo
▼ + stars: | 2023-03-09 | by ( Amy-Jo Crowley | ) www.reuters.com time to read: +1 min

LONDON, March 9 (Reuters) - Bank of America (BAC.N) has made a handful of senior appointments within its investment banking team advising European technology, media and telecom (TMT) companies, an internal memo seen by Reuters showed. The memo, which was confirmed by a Bank of America spokesperson, said the U.S. bank has named veterans Alexandre Gafsi and Emmanuel Hibou as chairs of TMT Investment Banking in Europe, the Middle East and Africa (EMEA) to "focus fully on covering some of our key clients". It has also appointed Thomas Koehrer and James Robertson as co-heads of TMT Investment Banking for the EMEA region. Peter Luck, who has been co-head of UK Investment Banking with Robertson, is now taking over full UK responsibilities. Reporting by Amy-Jo Crowley; Additional reporting by Pablo Mayo Cerqueiro; Editing by Elisa Martinuzzi and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

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