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☆ Death of Irene Cara, 'Fame' movie star and singer, evoked the loss of my youth
▼ + stars: | 2022-11-28 | by ( Diane Forman | ) www.nbcnews.com time to read: +6 min

I was heartbroken when I learned that Irene Cara, who starred in the 1980 movie “Fame,” died over the weekend at age 63. Many people seem to like listening to sad music, in part because it’s a stronger trigger for nostalgia than sadness. I always felt like Cara was singing right to me, that she had a window into my emotional experience, which made me feel less alone. I’ve seen the original version of “Fame” a dozen times, always mesmerized by the character Coco, played by Cara. All of which might explain my strong reaction to hearing of Cara’s death even though she was a complete stranger.

Some elements of the Jeep joint venture's failure are particular to Stellantis - and the former car groups that feature among its 14 brands. But data compiled for Reuters by consultancy LMC Automotive expose a problem shared by a number of other global carmakers: plummeting Chinese plant usage. Reuters GraphicsThe Jeep failure in China happened less than two years after Stellantis was formed by the merger of PSA and Fiat Chrysler. "Chinese companies actually have an early mover advantage because they embraced electrification faster than the foreign companies were willing to," he added. While fully-electric cars make up an average of 5% of models foreign carmakers sell in China, they account for 30% of Chinese carmakers' models, according to LMC data.

☆ This veteran learned these 5 leadership tips in the Navy—they work in corporate America, too
▼ + stars: | 2022-11-25 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

As a combat-decorated former Navy SEAL, Marty Strong spearheaded combat missions and helped create special operations capabilities during his 20 years in uniform. And though Strong left the military decades ago, he still employs the strategies he learned to excel in business today. And you do that through training programs. But you have to also follow up on all those training programs with coaching, and eventually, mentoring programs." As a SEAL, Strong says being curious and "nimble" helped him problem-solve and create solutions for complex problems in the force.

☆ A short seller betting against this UK grocer says its shares could plunge by over 40%
▼ + stars: | 2022-11-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

There's more pain to come for investors in British grocery technology company Ocado , according to short seller Chris Dale. The chief investment officer at Kintbury Capital expects Ocado's shares to fall a further 45% from Wednesday's close of £6.60 down to about £3.75 ($4.52) a share. The short interest in Ocado has risen to more than 4% of its stock in recent months after a two-year lull. AHL Partners, AQR Capital, Gladstone Capital and D. E. Shaw & Co. are the other firms currently holding a significant short position in Ocado. Earlier this month, Ocado's shares soared by 32% after a new deal to construct six CFCs for South Korea's Lotte Shopping was announced.

☆ Analysis: Australia's climate policies don't match its big talk at COP27
▼ + stars: | 2022-11-20 | by ( Praveen Menon | ) www.reuters.com time to read: +6 min

Albanese's climate change minister, Chris Bowen, telling the conference Australia was a "willing climate collaborator", made a pitch to host COP31 in 2026 along with the Pacific island nations. "But if you turn to see the other side of the face it's all about the fossil fuel development and the government's addiction to fossil fuel royalties and revenues," Hutley told Reuters in a phone interview from COP27 in Sharm el-Sheikh. Australia's biggest contribution to the climate crisis is its export of fossil fuels. More than 100 fossil fuel developments continued in various stages as of December 2021, the council said in a report this month, based on government data. "There is clearly a policy gap in Australia that is allowing fossil fuel companies to continue expanding and developing new fossil fuel projects," said Will van de Pol, asset management campaigner at activist investor group Market Forces.

☆ Half of your employees are 'quiet quitting' and it's dangerous. An MBA professor shares the 5 most effective ways to save a team's morale and productivity.
▼ + stars: | 2022-11-18 | by ( Brooke Vuckovic | ) www.businessinsider.com time to read: +6 min

She says that quiet quitting isn't a new phenomenon but it can be very harmful to company culture and morale. One of the best ways to fight quiet quitting is to focus on your "star players" instead, she says. What is new, however, is the not-so-quiet part of quiet quitting: quiet quitters are increasingly announcing their status proudly on social media, thanks largely to a TikTok video on the subject that went viral. Now, it is estimated that quiet quitters make up 50% of the US workforce. Don't "quiet fire"It's tempting to fight fire with fire — or silence, in this case, with withdrawing — but try to resist that.

☆ I unashamedly love working from bed. I wrote an entire book from under the covers, and it's where I'm most productive.
▼ + stars: | 2022-11-17 | by ( Lottie Gross | ) www.businessinsider.com time to read: +5 min

Gross finds that early hours working from bed are her most productive of the day. It's widely believed that setting clear boundaries between work and home is key to staying productive outside the office's walls — but that's not always the case. I love working from my bed, and I will not feel ashamedI've been "working from bed" for 12 years now. I usually work in bed until around 10 a.m., when I get up to walk the dog and have a late breakfast or early lunch. Friends and colleagues say they won't work from bed because it blurs the boundaries between work and personal life.

Ron DeSantis, who won re-election in a landslide Tuesday, threw his political weight behind 30 school board candidates this election cycle. In Florida, because school board races are nonpartisan, if candidates capture at least 50% of the vote in the primary, they don’t need to compete in the November elections. That stands in contrast to the results for the Florida Democratic Party, which supported 30 school board candidates, only nine of whom won seats this year. Riding a wave of conservative parent anger, Republicans in several states targeted school board races, with mixed results. However, GOP candidates running against progressive ideas captured seats on the State Board of Education, which sets curriculum standards.

☆ Sequoia Capital took a $213 million bath on FTX after the crypto exchange imploded. That's not that bad, VCs say.
▼ + stars: | 2022-11-10 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

FTX investor Sequoia Capital has marked down its position to $0 as the crypto exchange crumbles. Sequoia Capital now views its $213.5 million investment in FTX as worthless as the crypto exchange teeters on the brink of collapse after an eleventh-hour deal to salvage the business fell apart. "Somehow Sequoia capital turned a FTX write down to zero into a humblebrag. It invested $150 million into FTX through its third growth fund, which Sequoia said totaled less than 3% of that fund's capital commitments. In its letter to investors, Sequoia said it does "extensive research and thorough diligence" on every investment it makes.

☆ Where's the money? COP27 climate summit opens with a rallying call for rich nations to pay up
▼ + stars: | 2022-11-07 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

The COP27 summit sees delegates from nearly 200 countries gather in Egypt's Red Sea resort town of Sharm el-Sheikh for talks on how to address the climate crisis. Climate finance, as it has done since the first U.N. climate conference in 1995, will once again play a pivotal role. Climate reparations, sometimes referred to as "loss and damage" payments, are widely expected to dominate the COP27 talks. Indeed, for the first time ever, the topic of loss and damage finance formally made it onto the COP27 agenda. "AOSIS is here to agree to the establishment of a new Loss and Damage Response Fund at COP27 that is operational by 2024.

NEW YORK/ LONDON, Nov 3 (Reuters Breakingviews) - First Boston is an old Wall Street name that’s re-emerging from Credit Suisse (CSGN.S) with some new features. Credit Suisse Chief Executive Ulrich Körner is reshaping the $11 billion group to put some bad years and big losses firmly in the past. Credit Suisse is setting up joint ventures between CS First Boston and the parent’s trading and wealth management businesses, according to a person familiar with the matter. An added complication is that CS First Boston bankers could be getting paid in their own division’s stock, rather than Credit Suisse shares. Michael Klein will step down from the Credit Suisse board of directors to help launch CS First Boston, the bank said.

☆ Rivian owners can’t help but gush about their trucks, flaws and all
▼ + stars: | 2022-10-27 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +9 min

“The Rivian is probably my favorite vehicle.”A Rivian R1T leaves the assembly line at its manufacturing plant in Normal, Illinois. Rivian owners have generally praised the R1T's features, including the gear tunnel for extra storage. Barnhart was one of several Rivian owners who said they were pleased with how accurately Rivian estimates its vehicles range. Feehley and other Rivian owners say it’s common to get questions from curious onlookers in parking lots, or to have people in cars driving alongside them taking pictures. Rivian owners describe being unwilling to ever sell their trucks.

☆ Miami Mayor Francis Suarez says he's considering a run for president in 2024
▼ + stars: | 2022-10-17 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +3 min

Miami Mayor Francis Suarez said he would consider running for president in 2024. "It's something that I would consider given the right circumstances and given the right mood of the country," he said. "It's something that I would consider given the right circumstances and given the right mood of the country," Suarez said Monday at a Punchbowl News event. Suarez has been getting national attention given the surge of people and tech companies moving to Florida, particularly to Miami. When asked about how he might stand out in a presidential race, he pointed to his age difference from some of the other potential condenders.

☆ Mark Zuckerberg's big reveal of his legs in the metaverse was actually 'animations created from motion capture,' Meta says
▼ + stars: | 2022-10-14 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +2 min

Meta revealed legs for its avatars in its metaverse, Horizon World, at the annual Connect event. A Meta spokesperson clarified the legs were a preview made of "animations created from motion capture." It's not clear if Meta has a working demo of the feature and a release date wasn't specified. Zuckerberg said "legs are hard," because it's hard to accurately position body parts like legs in virtual reality, "which is why other virtual reality systems don't have them either." The event did include more concrete news: Zuckerberg announced the new $1499 Quest Pro virtual reality headset is launching October 25.

☆ I'm a first year medical student with limited time off — here's how I saved $6,000 using credit card points for a winter break trip to Vietnam
▼ + stars: | 2022-10-13 | by ( Ethan Steinberg | Read More | Read Less | ) www.businessinsider.com time to read: +14 min

I couldn't find available award flights to Vietnam for winter break, so I redeemed flexible credit card points for cash flights instead. Even though I spent more points than I would have liked, I don't regret using my rewards this way. My winter break has clearly defined start and end dates, bookmarked on either end by immovable exams and unmissable lectures. $0 Rewards Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Read Insider's points and miles valuations to find out what your credit card rewards are worth.

☆ LVMH's resilience gives luxury shares a boost amid economic gloom
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

"LVMH's 3Q22 print will likely reassure on the health of the high-end consumer in the run-up to the festive season," said Thomas Chauvet of Citi. He said he had seen no signs that lower product categories were underperforming -- a category that has been closely eyed for signs of weakness. Analysts have been on the look out for signs of weakness in more aspirational products as younger shoppers face rising living costs. Guiony flagged a strong performance in watches -- luxury products that tend to do well in an inflationary environment because they hold their value. Hermes and Kering (PRTP.PA) report third quarter sales on Oct. 20.

☆ Biden's national security plan identifies Russia as imminent danger, China as long-term threat
▼ + stars: | 2022-10-12 | by ( Christina Wilkie | ) www.cnbc.com time to read: +3 min

WASHINGTON — President Joe Biden released his first national security strategy plan on Wednesday, outlining how the United States would "effectively compete" with China in the coming years, "while constraining a dangerous Russia." "Russia and [China] pose different challenges," wrote Biden. In light of America's urgent and ongoing involvement in Russia's war in Ukraine, Biden's strategy for countering Russia struck a pragmatic note. Damage to the Russian military caused by the protracted conflict "will likely increase Moscow's reliance on nuclear weapons in its military planning," Biden wrote. And while Russia poses a regional threat to Europe and a threat to global markets, wrote Biden, the Kremlin "lacks the across the spectrum capabilities of the PRC."

☆ Manhattan apartment sales declined 18% in third quarter, as rates rose and markets fell
▼ + stars: | 2022-10-04 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Sales in Manhattan last declined in the fourth quarter of 2020, when they fell by 21%. While prices in the Big Apple remain high − with the average Manhattan apartment price rising 4% over the past year to $1.96 million − price increases are slowing and the inventory of unsold homes is starting to rise. Manhattan apartment sales fell 18% in the third quarter, as rising mortgage rates and declining stock markets put the brakes on New York's real estate comeback. "The real sellers are meeting the buyers," said Toni Haber of Compass. "The full impact on sales and prices won't be known for at least another quarter," according to a report from Brown Harris Stevens.

☆ There's an ESG backlash inside the executive ranks at top corporations
▼ + stars: | 2022-09-29 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +8 min

Only 25% of CFOs surveyed by CNBC support the SEC's climate disclosure proposal, according to the survey. More than half (55%) of CFOs are opposed to the SEC climate rule, and 35% say they "strongly oppose" it. Proving climate materialityA critical issue for CFOs with the new SEC climate disclosure is the lack of a clear correlation between the climate data and financial statements. The first task for CFOs on climate disclosure, Clayton says, is to be candid with investors and stakeholders about this disconnect. "We are not blanket defenders of ESG," said Martin Whittaker, founding CEO of ESG research nonprofit Just Capital, which releases an influential ranking of top companies on ESG annually.

☆ Marvel head: 'Much too soon' to recast Chadwick Boseman's T'Challa in 'Black Panther' sequel
▼ + stars: | 2022-09-27 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —There’s a reason why Chadwick Boseman’s character in the “Black Panther” sequel was not recast following his death in 2020. And [director] Ryan [Coogler] poured that into the story.”Boseman’s death came as a shock to many “Black Panther” fans as he had not gone public with his illness. Feige said Coogler and his team got to work figuring out the direction they wanted to take the sequel. “And how could the legacy of Chadwick – and what he had done to help Wakanda and the Black Panther become these incredible, aspirational, iconic ideas – continue? That’s what it was all about.”“Black Panther: Wakanda Forever” hits theaters in the US on November 11.

The 193-nation International Civil Aviation Organization's (ICAO) assembly, held every three years, is the first since COVID-19 put pressure on policymakers to speed up reforms. "We have to do something," Emile Nguza Arao, director general of Kenya's Civil Aviation Authority, told Reuters. Officials hope a global target will boost supplies of new Sustainable Aviation Fuel and encourage private investment. Even then, aviation is expected to remain in the cross-hairs of climate groups who see the exercise as a smokescreen. "A long-term emissions reduction goal with no enforceability plan is dead on arrival," said Jo Dardenne, aviation director at Brussels-based Transport & Environment.

☆ Half of your employees are 'quiet quitting' and destroying morale. An MBA professor shares the 5 most effective ways to save a team's culture and output.
▼ + stars: | 2022-09-16 | by ( Brooke Vuckovic | ) www.businessinsider.com time to read: +6 min

You will receive a transfer bonus of up to 30%, allowing you to book already cheap award tickets for less. Here's a look at five incredible airline awards you can book for less, thanks to the Amex transfer bonus promotion. You can transfer Amex points to most programs in increments of 1,000 (except for Qantas, which is in 500-point increments). With the 25% Amex transfer bonus, this drops to just 10,400 Avios, making them cheaper than even some domestic flights. One word of caution: Don't transfer Amex points to these airlines unless you plan to redeem them soon.

Compare the Sapphire Preferred and Venture Rewards Chase Sapphire Preferred® CardCapital One Venture Rewards Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. The Capital One Venture Rewards Credit Card is better for those looking for really easy and flexible redemptions. Note that credit card lenders may use many different variations of credit score models when considering your application. Chase Sapphire Preferred and Capital One Venture benefits comparisonBoth the Chase Sapphire Preferred and Capital One Venture Rewards Credit Card come with no foreign transaction fees and a wide range of travel and purchase coverage. The Capital One Venture Rewards Credit Card comes with travel accident insurance, secondary car rental insurance, travel emergency assistance, and extended warranty on eligible purchases.

☆ Founder Finances: A comprehensive guide to creating a budget for your business
▼ + stars: | 2022-08-19 | by ( Alexandra York | ) www.businessinsider.com time to read: +8 min

This series, "Founder Finances," shares tips on how to allocate money, stabilize your team, and prepare for growth, according to founders who've done it. Read more: Founder Finances: A baker shares the $15K budget she's using to relaunch her business after stepping away to fight cancer. Read more: Founder Finances: How a 30-year-old entrepreneur uses a $2,000 monthly social-media marketing budget to build a thriving side hustle selling loungewear. Read more: Founder Finances: Etsy seller shares the $3,700 monthly budget preparing her business for its busiest quarterCreating company culture in the officeBranden Sewell, the founder of Seal Pro Painting. If you're interested in contributing to Insider's Founder Finances series, please contact Alex York at ayork@insider.com.

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