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☆ Jim Cramer says he likes these 3 restaurant stocks for a ‘normalizing’ economy
▼ + stars: | 2022-12-01 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

CNBC's Jim Cramer on Thursday offered investors a list of his favorite stocks in the restaurant industry that he believes will do well as the economy eventually stabilizes. "Maybe the economy's normalizing here, or at least the Fed chief thinks it could be soon to normalize. And in a normal environment, stock picking is much more about identifying the best players in any given industry, rather than just jumping from sector to sector," he said. Cramer explained that he chose to examine restaurants because investors can easily understand their "totally consumer-facing" business operations. Here are his favorite restaurant stocks:

☆ 13 behind-the-scenes executives leading Apple's $5 billion advertising division
▼ + stars: | 2022-11-30 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +10 min

Right now its roughly $5 billion-in-revenue ads business largely consists of search ads sold within the App Store. It's been a big year for Apple's ad division. We asked more than a dozen advertising industry insiders and former Apple advertising staffers to identify the most important executives building Apple's advertising business. Teresi's ascent coincides with the explosive growth of Apple's ad business in recent years. A digital advertising veteran — having held senior roles at Yahoo, Quantcast, and Adobe — Teresi joined Apple in 2012 as vice president for its iAd division.

☆ Amazon Launches Supply-Chain Software Service
▼ + stars: | 2022-11-29 | by ( Paul Berger | ) www.wsj.com time to read: +2 min

Amazon’s launch of its cloud application, AWS Supply Chain, adds Amazon to a growing list of software suppliers, such as Manhattan Associates and Blue Yonder, that help merchants juggle increasingly complex cargo flows and inventory demands. Microsoft Corp. launched its own supply-chain management software platform earlier this month. Companies are relying more on sophisticated supply-chain software as a growing share of sales shifts away from sending goods in bulk to retailers and moves more toward direct-to-consumer online sales that require better balancing and positioning of stock. Amazon has a ready audience for its software with a phalanx of small- and medium-size businesses in its third-party marketplace. The software identifies risks and provides recommendations to guard against shortages and delays so that companies can “quickly see and respond to potential supply-chain disruptions,” said Diego Pantoja-Navajas, vice president of AWS Supply Chain at Amazon Web Services.

☆ Covid policies will disrupt business operations significantly next year and beyond, says Jeff Moon
▼ + stars: | 2022-11-28 | 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 EmailCovid policies will disrupt business operations significantly next year and beyond, says Jeff MoonJeff Moon, China Moon Strategies founder and former assistant U.S. trade representative for China, joins 'Squawk on the Street' to discuss how Xi Jinping is expected to handle the anti-government protest in China, how Moon would advise companies operating out of China, and more.

☆ Binance, other crypto firms line up bids for bankrupt Voyager Digital after FTX collapse
▼ + stars: | 2022-11-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Binance and other crypto firms are preparing takeover offers for beleaguered digital currency lender Voyager Digital after FTX, which had initially agreed to acquire the firm, filed for bankruptcy. Voyager filed for Chapter 11 bankruptcy protection, which seeks to restructure troubled firms as viable business operations, in July after crypto hedge fund Three Arrows Capital defaulted on a loan from the company worth $670 million. It was then thrown back to square one after FTX itself filed for bankruptcy after experiencing its own bank run-style surge in withdrawals. This week, Binance confirmed reports that its U.S. subsidiary Binance.US plans to make an offer to rescue Voyager from collapse. CrossTower, a crypto and NFT trading platform, was among the parties that initially competed to buy Voyager in the court auction.

☆ Singapore's gig workers to get work injury, pension coverage
▼ + stars: | 2022-11-24 | by ( Chen Lin | ) www.reuters.com time to read: +1 min

SINGAPORE, Nov 24 (Reuters) - Singapore will extend work injury insurance and pension coverage to food delivery and ride-hailing workers under proposed legislative changes that it aims to implement as early as late 2024, the Manpower Ministry said. The new rules will affect about 73,000 workers who deliver food or drive passengers for companies such as Grab (GRAB.O) , Gojek (GOTO.JK), Deliveroo (ROO.L) and Delivery Hero's (DHER.DE) Foodpanda. Workers would gain coverage under the national pension system, which collects contributions from both workers and companies, and receive work injury insurance covering medical expenses, income loss, and lump sum compensation for permanent disability or death. Gig workers would not, however, be considered full-time employees entitled to paid leave and other benefits. Reporting by Chen Lin in Singapore; Editing by Xinghui Kok and Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

☆ CoinDesk's chief content officer breaks down crypto media's advertising challenges and how he's steering the site through by exploring opportunities in NFTs and Web3
▼ + stars: | 2022-11-23 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

The incident has led to stress on other crypto companies, including one owned by CoinDesk's parent company. It's all unfolding as media companies fend off cuts and layoffs and an industry-wide slump in advertising revenue, which has seen big crypto companies like Grayscale, Binance, and Coinbase slash their advertising budgets. In an email to Insider, Casey reiterated that the incident does not impact CoinDesk's business. Are you a crypto or media insider with insight to share? Disclosure: Axel Springer is Insider's parent company.

☆ 'Easy to bully': A corporate landlord in Cincinnati is aggressive in trying to evict tenants, critics say
▼ + stars: | 2022-11-22 | by ( Gretchen Morgenson | Gretchen Morgenson Is The Senior Financial Reporter For The Nbc News Investigative Unit. A Former Stockbroker | She Won The Pulitzer Prize In For Her | ) www.nbcnews.com time to read: +13 min

“We had the exact same story and the exact same company — VineBrook Homes,” Allen told NBC News. VineBrook Homes Trust Inc., which owns over 3,000 single-family homes in the Cincinnati area, is one of the most aggressive landlords in bringing eviction proceedings against its residents, they say. A big institutional owner of over 24,000 single-family homes in mostly lower-income areas, VineBrook Homes is a real estate investment trust (REIT) with properties in 18 states, including Alabama, Indiana, Missouri and Mississippi. “I left in Dec. 2021,” Jenkins told NBC News. Vinebrook Homes owns over 3,000 single-family homes in the Cincinnati area, including many in suburbs like North College Hill.

☆ HyperloopTT to go public via SPAC led by former Disney execs
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

Nov 22 (Reuters) - High-speed transportation systems maker Hyperloop Transportation Technologies (HyperloopTT) said on Tuesday it would list its shares in the United States through a deal with a blank-check firm at a pre-money valuation of $600 million. The special purpose acquisition company (SPAC) Forest Road Acquisition Corp II (FRXB.N), which is led by former Disney executives Tom Staggs and Kevin Mayer, is expected to provide the combined company $330 million in net proceeds if the SPAC shareholders do not withdraw their money before the deal closes. HyperloopTT, which makes vacuum tube-based ground transportation systems with airplane speeds, has agreed to a SPAC merger at a time when the market's appetite for such deals have fizzled, as the economic outlook worsens with rising interest rates and inflation. The current shareholders and convertible note holders of HyperloopTT will hold $289 million worth of common shares in the company after the deal closes, the company said. A SPAC is a listed company without any business operations, formed to solely raise money and merge with other companies.

☆ Trump Org's new court-appointed 'watchdog,' retired judge Barbara Jones, can now inspect the company books
▼ + stars: | 2022-11-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

Retired federal judge Barbara Jones, left, is the newly-appointed special monitor for the real estate company owned by former President Donald Trump, right. Jones will monitor for what a Manhattan judge has termed persistent fraud at Donald Trump's company. The company must give her at least 30 days' notice of any plan to sell "significant" assets or restructure the company. Trump's company must pay Jones and any other professionals she reasonably finds necessary for her work. The longtime company financial executive must testify truthfully to keep his August low-jail tax-fraud plea deal.

Nov 16 (Reuters) - Crypto lender Genesis Global Capital suspended customer redemptions on Wednesday, citing the sudden failure of crypto exchange FTX, while court papers showed FTX founder Sam Bankman-Fried faces legal action. After a flurry of tweets and interviews by Bankman-Fried, FTX said he "has no ongoing role" at the company and does not speak on its behalf. LEGAL ACTIONMeanwhile, U.S. court filings showed Bankman-Fried is facing legal action in the United States from investors alleging the company's yield-bearing crypto accounts violated Florida law. U.S. and Bahamian authorities were discussing the possibility of bringing Bankman-Fried to the United States for questioning, Bloomberg reported on Tuesday. Elsewhere, crypto exchange Binance said it had not contributed to FTX's collapse, in a response to a hearing on the crypto industry by a British parliamentary committee.

Nov 16 (Reuters) - Crypto lender Genesis Global Capital suspended redemptions on Wednesday citing the failure of crypto exchange FTX, while court papers showed FTX founder Sam Bankman-Fried faces legal action, as its sudden collapse ripples across the industry. LEGAL ACTIONMeanwhile, U.S. court filings showed Bankman-Fried is facing legal action in the United States from investors alleging the company's yield-bearing crypto accounts violated Florida law. Bloomberg on Tuesday also reported that U.S. and Bahamian authorities were discussing the possibility of bringing Bankman-Fried to the United States for questioning. Elsewhere, crypto exchange Binance, in a response to a hearing on the crypto industry by a British parliamentary committee on Monday, said it had not contributed to FTX's collapse. The U.S. House Financial Services Committee said Wednesday it plans to hold a hearing in December to investigate the collapse of cryptocurrency exchange FTX.

☆ Crypto broker Genesis suspends redemptions, new loans to shore up liquidity
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

Nov 16 (Reuters) - Genesis is temporarily suspending redemptions and new loan originations at its lending business, the crypto broker saidon Wednesday, the latest sign of the industry fallout from last week's collapse of major crypto exchange FTX. loading"We have taken the difficult decision to temporarily suspend redemptions and new loan originations in the lending business. We are working diligently to shore up the necessary liquidity to meet our lending client obligations," a Genesis spokesperson said in a statement. The suspension at Genesis "has no impact on the business operations of DCG and our other wholly owned subsidiaries", Digital Currency Group tweeted. Genesis Trading's derivatives business has approximately $175 million in locked funds on FTX, the company said Thursday.

Nov 16 (Reuters) - Crypto broker Genesis Global Capital is suspending redemptions and new loan originations at its lending business, it said on Wednesday, in the latest sign of the industry fallout from last week's collapse of major crypto exchange FTX. "We have taken the difficult decision to temporarily suspend redemptions and new loan originations in the lending business. We are working diligently to shore up the necessary liquidity to meet our lending client obligations," a Genesis spokesperson said in a statement. U.S. court filings showed Sam Bankman-Fried, FTX's founder, is being sued in a U.S. class action by investors alleging the company's yield-bearing crypto accounts violated Florida law. The proposed class action filed late on Tuesday in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the United States.

☆ 5 former Amazon managers tell us what they loved about the company — and what they were glad to leave behind
▼ + stars: | 2022-11-16 | by ( Diamond Naga Siu | Katie Malone | ) www.businessinsider.com time to read: +11 min

Many other leaders do the same, the former Amazon leader said. the current Microsoft employee said. For instance, Microsoft gets the whole company together to do activities and donate to causes they like, which Amazon doesn't do, the current Microsoft employee said. Malte Mueller/Getty ImagesDrive for excellence, with burnoutBeyond teaching its own leadership tenets, Amazon isn't big on manager training, one of the current Google employees said. Without proper institutional support, constantly operating at such a high level can lead Amazon employees to burnout, a former Amazon leader who now works at Google said.

☆ Miami Marlins promote Caroline O'Connor, making her pro baseball's second-highest ranking woman
▼ + stars: | 2022-11-14 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

The Miami Marlins will be led by two of the highest-ranking women in professional sports. The organization announced on Monday that owner Bruce Sherman is promoting Caroline O'Connor to president of business operations, effective immediately. The move makes the Marlins the first pro sports team to have women operating the entirety of the team's day-to-day business. In 2020, the team hired Kim Ng as the first female general manager in Major League Baseball history, making her the league's highest-ranking woman in baseball operations. The Marlins were MLB Wild Card Champions in 2020 but have failed to make the playoffs the past two seasons.

☆ Marlins become first major team with women as president and GM
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +1 min

Nov 14 (Reuters) - The Miami Marlins became the first U.S. major sports franchise to have two women simultaneously running a team's day-to-day off-the-field affairs after they appointed Caroline O'Connor as president of business operations on Monday. The decision to promote O'Connor comes two years after the Marlins made history when they named Kim Ng as Major League Baseball's first female general manger. "I think we're a really special organization. I think it makes our organization unique and stand out, and shows what women can do and the roles that they can hold." "Her leadership will continue to guide the Marlins organization toward our goal of sustained success while strategizing additional new ventures to grow our business and enhance our brand recognition."

☆ Coinbase to write off investment that its ventures arm made in FTX- source
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: 1 min

Nov 11 (Reuters) - Coinbase Global Inc (COIN.O) will write off the investment its ventures arm made in cryptocurrency exchange FTX in 2021, according to a person familiar with the matter. Coinbase had said in a blog post Tuesday that the company has $15 million in deposits on FTX that were used to facilitate business operations and client trades, but that its total exposure is minimal. According to a source, Coinbase plans to participate in the FTX bankruptcy proceedings to seek a claim on those deposits. FTX filed for bankruptcy in the U.S. on Friday. Reporting by Hannah Lang in WashingtonOur Standards: The Thomson Reuters Trust Principles.

☆ Some People Are Getting 14 Times the Average Savings Account Rate. Here Are the Best Offers
▼ + stars: | 2022-11-10 | by ( ) www.wsj.com time to read: +6 min

By Martha C. WhiteAfter years of earning essentially zilch on your cash, it’s finally possible to see a real return in your savings account. (Capital One 360 Performance Savings remains our pick for Best Overall Savings Account.) Strategies to find the best savings ratesThere are a few places you can search for a savings account that offers high interest—and a couple of caveats to keep in mind. Try an aggregatorSites that aggregate banking offers can be a good place to start your search for a high-yield savings account. With lower overhead than their bricks-and-mortar counterparts, these businesses have more leeway to offer higher rates on deposits.

☆ Juul reaches financing deal, plans to cut 30% of jobs to dodge bankruptcy
▼ + stars: | 2022-11-10 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Juul Labs said Thursday it secured financing from early investors, as it made plans to lay off nearly a third of its staff in a bid to avoid bankruptcy. "Today, Juul Labs has identified a path forward, enabled by an investment of capital from some of our earliest investors," a Juul spokesperson told CNBC. The company plans to lay off about 400 people and cut its operating budget by 30% to 40%. Overall, nearly 3.1 million students used tobacco products this year, according to the agencies. The report said many factors contribute to youth tobacco product use, including flavors, marketing and misperceptions of harm.

☆ Oppenheimer says Coinbase can still surge 90% even after FTX's 'Lehman Brothers moment'
▼ + stars: | 2022-11-10 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

There's still lots of upside in Coinbase shares despite the recent volatility within the broader crypto market, according to Oppenheimer. Bitcoin hit a low not seen since 2020 as the crypto market responded to the chaotic moves. "The crypto industry has been going through a calamitous hurricane from the fallout of FTX," Lau said in a note to clients. "It has turned from a Bear Stearns moment when Binance signed a non-binding LOI, to a Lehman Brothers moment when Binance walked away from the deal one day after." Lau said Coinbase has said it has "very little exposure" to FTX, which is considered to be on the brink of collapse.

The once red-hot vaping company plans to lay off about 400 people and reduce its operating budget by 30% to 40%. The company said the investment would help Juul run its business operations, while it goes ahead with its administrative appeal of the U.S. Food and Drug Administration's marketing denial order related to its e-cigarettes. Last month, the Wall Street Journal reported Juul was preparing to file for Chapter 11 bankruptcy while searching for an alternative — such as a sale, investment or loan — that could stave off a filing. But following an appeal, the health regulator put the ban on hold and agreed to an additional review of Juul's marketing application. Reporting by Deborah Sophia and Ananya Mariam Rajesh in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Juul secures investment, to lay off 400 workers to stay in business
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

Nov 10 (Reuters) - Juul Labs Inc said on Thursday it had secured an investment from some of its early investors and will undertake a reorganization, including job cuts to keep its business running. The e-cigarette maker plans to lay off about 400 people and reduce its operating budget by 30% to 40%. The move to stop bankruptcy preparations helps the company maintain its business operations and pursue its administrative appeal of the U.S. Food and Drug Administration's marketing denial order. Last month, WSJ reported Juul was preparing to file for Chapter 11 bankruptcy while searching for an alternative — such as a sale, investment or loan — that could stave off a filing, citing people familiar with the matter. Reporting by Deborah Sophia and Ananya Mariam Rajesh in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Activist shareholder platform Tulipshare is entering the US market to help force change at companies like Amazon and Tesla
▼ + stars: | 2022-11-09 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Tulipshare, an activist shareholder investing platform, is set to launch in the US. The London-based fintech has previously headed up targeted campaigns against Amazon and Coca-Cola. Tulipshare, a London-based fintech that pools shareholders to vote on corporate governance issues, is launching in the US. The activist investment platform, founded in 2020, enables users to invest in public companies for as little as $1. "Issues like Amazon working conditions resonate across geographies," Argouges added and indicated more geographic growth would come in the future.

☆ I'm an entrepreneur who took a 3-month sabbatical. Here's how I set up my business to run itself while I was gone.
▼ + stars: | 2022-11-09 | by ( Ellen Wong | ) www.businessinsider.com time to read: +8 min

Before taking a three-month sabbatical this year, she took many steps to prepare her business. It meant that when I returned from my sabbatical, I had an even more efficient business than before I left. It's really hard to work on your business if you're always working in your business. Because the large majority of my business income comes from one-to-one patient care, I generated significantly less income while I was away. However, because I had a self-directed online program available, the income generated from that was enough to cover the business expenses.

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