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Robinhood is laying off more employees and reorganizing teams as part of a new focus on credit cards as the company tries to mitigate a shrinking user base, insiders say. In June, Robinhood announced plans to acquire no-fee credit card startup X1 for $95 million. Credit cards are much higher-margin products than stock-trading and generally less exposed to volatile markets. X1 and Robinhood's future in credit cards were the focus of the company's last all-employee meeting, the person said. The layoff was widely reported, but audio of an all-hands meeting reviewed by Insider recently showed ongoing cuts have been deeper .
Persons: Robinhood, we've, Vlad Tenev, Tenev Organizations: Robinhood, JPMorgan, Menlo, Say Technologies, TechCrunch Locations: , California
Microsoft introduced new Surface laptops on Thursday. Missing from the lineup were new editions of other familiar products, like the Surface Headphones. When Microsoft introduced new Surface laptops on Thursday , some new editions of familiar products were missing. That's because the company has canceled products, including the next generation of the Surface headphones, to focus on investment in artificial intelligence, insiders say, rather than the more experimental devices the company funded in flush times. The Surface Headphones were originally launched in 2018, and an improved version launched in 2020.
Organizations: Microsoft
Microsoft Chief Product Officer Panos Panay is leaving for Amazon after the company made budget and staff cuts, canceled products in his division, and amid discussions about a reorganization in his unit, insiders say. Microsoft, Panay, and Amazon did not comment. During nearly 20 years at Microsoft, Panay was notably in charge of the team that developed the Surface hardware business. Windows licensing and the unit's hardware underperformed relative to the company's financial projections, insiders say, and Microsoft responded by dramatically scaling back Panay's division. At Microsoft, insiders say Panay was known as a demanding leader and expected "white glove service" on everything, meaning a premium experience with extra care and attention to detail.
Persons: Panos Panay, Dave Limp, Alexa, Kristy Schmidt, Charlie Bell, Rajesh Jha, Satya Nadella, Microsoft's Organizations: Microsoft, Amazon, Bloomberg, Reuters Locations: Panay, New York
Strange ‘earthquake lights’ explained
  + stars: | 2023-09-16 | by ( Katie Hunt | ) edition.cnn.com   time to read: +6 min
CNN —I once felt the immense force unleashed by an earthquake in 1999 when I was living in Taipei, Taiwan. It was a feeling I was reminded of again this week when writing about a mysterious seismic phenomenon witnessed during Morocco’s recent devastating earthquake. Force of natureReports of multicolor “earthquake lights,” such as the ones seen in videos captured before Morocco’s 6.8 magnitude quake on September 8, go back centuries to ancient Greece. Researchers are beginning to understand the different forms the lights take and where they might appear. One 2014 study found the mystery lights could result from certain rocks when put under stress, but there is still no consensus on exactly what causes these outbursts.
Persons: CNN —, James Webb, Rhea Seddon, Anna Fisher, Judy Resnik, Shannon Lucid, Sally Ride, Kathy Sullivan, dryly, Arabella, Anita, Miss Baker, wasn’t, Jesse Rorabaugh, , Mattia Menchetti, Frank Rubio, Ashley Strickland, Katie Hunt Organizations: CNN, NASA, United, of Evolutionary, CNN Space, Science Locations: Taipei, Taiwan, Greece, Mexico City, Thailand, Africa, Guam, North America, United Nations, Europe, Italy, Spain
‘HOME’ BASE More and more travelers are taking advantage of remote work policies to travel—and upgrade their office views. Photo: Getty ImagesASHLEY SCHWARTAU escaped to a Mexican beach town just two weeks after starting a new job for a Chicago-based insurance company. It’s not that Schwartau, 38, is a late-blooming spring breaker. She and her husband both work remotely, so when winter arrived at home in Nashville, Tenn., the pair decided to clock in from a vacation rental with a pool in Playa del Carmen.
Persons: ASHLEY SCHWARTAU Locations: Mexican, Chicago, Nashville, Tenn, Playa del Carmen
Arm executives and CEO Rene Haas gather outside Nasdaq Market site, as Softbank's Arm, chip design firm, holds an initial public offering (IPO), in New York, U.S., September 14, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 15 (Reuters) - Shares of SoftBank's Arm Holdings closed a volatile session lower on Friday, a day after a stellar Nasdaq debut that valued the British chip designer at $65 billion. The stock fell 4.5% to end at $60.75, after trading as high as $69 earlier in the session. The Nasdaq (.IXIC) was down 1.6% and the S&P 500 (.SPX) fell 1.2%, while an index of semiconductors (.SOX) sank 3%. Analysts said further trading volatility in Arm may be seen if the company draws more interest from AI-focused retail investors.
Persons: Rene Haas, Brendan McDermid, chipmakers, Arm's, Randy Frederick, Charles Schwab, Rick Meckler, Sophie Lund, Yates, Hargreaves Lansdown, Financials, Michael Ashley Schulman, Needham, Manya Saini, Caroline Valetkevitch, Saqib Iqbal Ahmed, Niket Nishant, Arun Koyyur, Grant McCool Organizations: Nasdaq, REUTERS, Arm Holdings, Major U.S, Cherry Lane Investments, Analysts, Graphics Arm, Running, Capital Advisors, Nvidia, Reuters Graphics, Thomson Locations: New York, U.S, British, Austin , Texas, New Vernon , New Jersey, Bengaluru
Salesforce will look to hire around 3,000 new employees, CEO Marc Benioff told Bloomberg this week. The company announced plans to lay off 10% of its staff earlier this year in a major cost-cutting effort. Benioff is now urging former staff who joined other firms to return to the company. Millham told Bloomberg: "We have some very successful parts of our business right now, and we want a surge in those areas." Benioff told Bloomberg that he is hoping to attract significant numbers of "boomerangs" — employees who previously worked at Salesforce and moved to other firms — to return to the company in the new hiring drive.
Persons: Marc Benioff, Brian Millham, Millham, Ashley Stewart, Benioff Organizations: Bloomberg, Service, Bloomberg News, Employees Locations: Wall, Silicon, San Francisco, Salesforce
Prime Minister Justin Trudeau said on Thursday he had invited the heads of Canada's five largest grocery chains, including Sobeys (EMPa.TO), Metro (MRU.TO) and Loblaw (L.TO), to Ottawa next week to discuss how they planned to control sky-rocketing food prices. Trudeau's move comes when governments across the globe, especially in Europe, have expressed concern over soaring food prices as they seek to address a cost-of-living crisis that has intensified after the pandemic subsided and since the Russia-Ukraine war began. However, after a similar move from the French government in June, analysts were skeptical about Trudeau's warning. They argued it was a "political" tactic and might be ineffective in lowering lingering food inflation. "Both PM Justin Trudeau and François-Philippe Champagne (Canada's industry minister) spoke tough about this topic and it is difficult to envision what teeth they have to hold grocers accountable," said Ben Jang, portfolio manager at Nikola Wealth.
Persons: Justin Trudeau, Trudeau's, François, Philippe Champagne, Ben Jang, Michael Ashley Schulman, Allan Small, Granth Vanaik, Pooja Desai Organizations: Metro, Loblaw, Nikola Wealth, Running, Capital Advisors, iA, Wealth, Carrefour, Lipton, Nestle, PepsiCo, Unilever, Thomson Locations: Ottawa, Europe, Russia, Ukraine, Bengaluru
Some have compared the adjustment process to the controversial practice of "stack ranking," in which managers ranked employees on a forced curve. Some employees feel that the essence of stack ranking has returned with the company's instructions to managers on how to handle this year's employee reviews. This year, Microsoft managers scored employees on a scale from 0 to 200, as they've done previously. The ratings are "Lower Impact Than Expected (LITE)," "Slightly Lower Impact Than Expected (SLITE)," "Successful Impact," and "Exceptional Impact." "If the employee delivered slightly lower impact than expected, their rewards will align below the middle of the opportunity range."
Persons: Steve Ballmer, Satya Nadella, Kathleen Hogan, Hogan Organizations: Microsoft, Insider
Under Microsoft's new performance ratings, employees can exceed some expectations and still fall below an "exceptional" rating, internal documents viewed by Insider show. In a rubric explaining the new ratings, "successful impact" is defined as when an employee consistently delivered against all expectations, likely exceeding some expectations as well. This results in having high performance expectations for our employees." Successful impact is different than exceptional impact because the latter means "demonstrating sustained, meaningfully higher impact relative to all core priorities," the document states. A Microsoft spokesperson said "successful" is still a high rating, and Microsoft has always had high performance expectations.
Persons: Kathleen Hogan, Hogan Organizations: Microsoft
CNN —When the Perseverance rover landed on Mars in February 2021, it wasn’t alone. The instrument’s capabilities demonstrated that oxygen for life support systems and rocket fuel could be created on Mars rather than transported from Earth. The device is another tool enabling the eventual exploration of Mars by humans. Other worldsThis map of Mars, created by researchers at New York University Abu Dhabi, uses color photographs of the entire planet. That’s what researchers at New York University Abu Dhabi are aiming to do with the Mars Atlas.
Persons: Percy, Dimitra Atri, , Fujianvenator, Christopher Owen Hunt, Ralph Solecki, Arlette Leroi, Gourhan, Chris Hunt, Nicolas Reusens, Jack Zhi, ” Zhi, , REx, Comet Nishimura, Ashley Strickland, Katie Hunt Organizations: CNN, New York University, NYU Abu Dhabi Center for Astrophysics, Mars, United, United Arab Emirates, Mars Research, Liverpool John Moores University, Amagusa, CNN Space, Science Locations: Mars, New York University Abu, New York University Abu Dhabi, United Arab, China, Fujian, Kurdistan, Iraq, United Kingdom, Japan, Israel
CNN —An asteroid sample stowed inside a NASA spacecraft is about to reach Earth after traveling for nearly 2½ years across space. It’s NASA’s first time collecting and returning an asteroid sample from space. Teams have been rehearsing how to retrieve the sample, originally collected from the near-Earth asteroid Bennu, when it drops down into the Utah desert on September 24. Keegan Barber/NASAThe mission’s original goal was to retrieve a pristine asteroid sample. The team has also prepared for different landing scenarios, such as a hard landing where the capsule containing the sample opens unexpectedly.
Persons: NASA’s, REx, , Nicola Fox, ” It’s, Keegan Barber, Dante Lauretta, OSIRIS, , Rich Burns, ” Burns, Burns, Sandra Freund, Johnson, Lockheed Martin, Freund, Molly Wasser, Kevin Righter, curation, Christopher Snead, ” Snead, ” Lauretta Organizations: CNN, NASA, Goddard, University of Arizona, Department of Defense's Utah, Department of Defense’s Utah, Goddard Space Flight, Lockheed, NASA’s Johnson Space Center, Space, Apollo, Space Center, Canadian Space Agency, Japanese Aerospace Exploration Agency Locations: Utah, Bennu, Tucson, Salt Lake City, Greenbelt , Maryland, Houston, Johnson
CNN —A newly discovered comet will be visible at times as it flies by Earth next week. Japanese space photographer Hideo Nishimura first observed Comet Nishimura in early August as he was taking images of the night sky, according to EarthSky. Comet Nishimura can bee seen as a faint green dot in the sky over L'Aquila, Italy, on September 7. “Unless it becomes quite a bit brighter than expected, it will likely not be visible.”What’s next for Comet NishimuraGiven how closely Comet Nishimura will pass by the sun, it’s possible the intense heat might destroy it. If you miss the chance to see Comet Nishimura, there are several comets expected to appear in the night sky in the next 16 months, Hale said.
Persons: Hideo Nishimura, Comet Nishimura, Alan Hale, Comet Hale, Bopp, Nishimura, Dr, Paul Chodas, would’ve, Hale, Chodas, Dave Schleicher, Schleicher, Manuel Romano, ” Hale, What’s, ” Chodas, Comet Pons, Brooks, Comet Olbers Organizations: CNN, Earthrise, NASA’s Center, Jet Propulsion Laboratory, Lowell Observatory, Northern, Sun Locations: Pasadena , California, Arizona, L'Aquila, Italy
The microwave-size device called MOXIE, or Mars Oxygen In-Situ Resource Utilization Experiment, is on the Perseverance rover. The experiment kicked off more than two years ago, a few months after the rover landed on Mars. The instrument works by converting some of Mars’ plentiful carbon dioxide into oxygen. MOXIE works by dividing up carbon dioxide molecules, which include one carbon atom and two oxygen atoms. Lessons learned from the small MOXIE experiment can now be used to create a full-scale system that includes an oxygen generator that can also liquefy and store the oxygen.
Persons: MOXIE, , , Trudy Kortes, we’ve, , Pam Melroy, Michael Hecht Organizations: CNN, NASA, Technology, . Engineers, JPL, Caltech, Mars, Massachusetts Institute of Technology
Microsoft introduced a new rating system for employees in performance reviews, documents show. Microsoft introduced a new rating system for employees in performance reviews that are visible only to managers, documents viewed by Insider show. The ratings are used to determine employees' "rewards," Microsoft's term for pay and bonuses. The guide states that if an employee does not meet all of these conditions, they are delivering slightly lower impact than expected or lower impact than expected. The new rating system comes after Microsoft froze salaries and cut budgets for bonuses and stock awards this year.
Organizations: Microsoft
CNN —A revolutionary satellite that will reveal celestial objects in a new light and the “Moon Sniper” lunar lander lifted off Wednesday night. The XRISM satellite (pronounced “crism”), also called the X-Ray Imaging and Spectroscopy Mission, is a joint mission between JAXA and NASA, along with participation from the European Space Agency and Canadian Space Agency. NASA Goddard Space Flight CenterAlong for the ride is JAXA’s SLIM, or Smart Lander for Investigating Moon. Previously, Japanese company Ispace’s Hakuto-R lunar lander fell 3 miles (4.8 kilometers) before crashing into the moon during a landing attempt in April. If SLIM is successful, JAXA contends, it will transform missions from “landing where we can to landing where we want.”
Persons: Ray, SLIM, Smart Lander, , Richard Kelley, James Webb, XRISM, Taylor Mickal, ” Kelley, , Xtend, Brian Williams, NASA’s, Goddard, Ispace’s Organizations: CNN, Japanese Space Agency, YouTube, Ray Imaging, JAXA, NASA, European Space Agency, Canadian Space Agency, NASA Goddard Space Flight, Goddard Space Flight, Space Center, Soviet Locations: Japan, Greenbelt , Maryland, XRISM, United States, Soviet Union, China, India
But now, three powerhouses —the NFL, Interscope Geffen A&M Records and Electronic Arts Sports — have partnered to empower players to pursue their music dreams. It’s the first-time music made by NFL players appears in the video game franchise, now in its 35th year. “These dudes can rap,” said Bas, a Grammy-nominated rapper who shared his musical expertise during the players recording sessions. People see like these big NFL players and they say ‘Do your one job, tackle somebody or run that route.’ But creativity is part of a healthy life. It’s humbling to watch.”Many of the songs featured on “Crowd Control” were conceived in a songwriting session at Interscope this summer where NFL players worked with producers and artists.
Persons: Terron Armstead, Interscope Geffen, , ’ ”, Armstead, Pro Bowler, it’s, Darren Waller, Ray, Ray McCloud, Melvin Ingram, Chark Jr, can’t, , Waller, Thomas “ Fats ” Waller, Bowler, Jay Rock, Lebra Jolie, Derrick Milano, Justin Bieber, Megan Thee, Nicki Minaj, they’re, They’re, David Nieman, aren’t, Ashley Smith, Smith, Trey Smith, you’re, there’s, ” Smith, ” McCloud, McCloud Organizations: Miami Dolphins, NFL, M Records, Electronic Arts, , Madden NFL, New York Giants, Carolina Panthers, D.J, Interscope Records, Interscope, EA Sports, Kansas City Chiefs Locations: SANTA MONICA, Calif, San Francisco, Santa Monica , California
A long time agoDammar resin, an ingredient used in embalming, appears next to a bottle of the recreated ancient scent. When the ice disappears, the bears are forced to go on land and attempt to survive without access to food. The planetary nebula, an enormous cloud of cosmic gas and dust, is home to the remnants of a dying star. See images from around the world showcasing this rare sight, which won’t happen again until 2037. They find wonder in planets beyond our solar system and discoveries from the ancient world.
Persons: Barbara Huber, balms, , James Webb, Shashwat Harish, Kathy Moran, Ashley Strickland, Katie Hunt Organizations: CNN, Moesgaard Museum, Max Planck Institute of Geoanthropology, James Webb Space Telescope, ESA, Webb, NASA, — Pilots, CNN Space, Science Locations: Egypt, Indonesian, Flores, London, Italy, Florida, India
CNN —A new crater has appeared on the moon, and it was likely created when Russia’s uncrewed Luna 25 mission crashed into the lunar surface. Images taken by NASA’s Lunar Reconnaissance Orbiter and released by the agency on Thursday reveal the fresh crater. The Luna 25 spacecraft, Russia’s first lunar lander in 47 years, launched on August 10 and was expected to land near the lunar south pole a couple of weeks later. But communication with the spacecraft was disrupted and Roscosmos, Russia’s space agency, reported an “emergency situation” occurred while Luna 25 tried to enter a pre-landing lunar orbit on August 19. The Lunar Reconnaissance Orbiter previously imaged the site in June 2022.
Persons: Russia’s uncrewed Luna, Luna, NASA's, India’s Organizations: CNN, Reconnaissance Orbiter, Roscosmos, Lunar Reconnaissance Orbiter, Reconnaissance, NASA's Goddard Space Flight, Arizona State University, NASA
CNN —Scientists have decoded an ancient aroma by identifying the ingredients used in Egyptian mummification balms — and resurrected the scent. The exact recipes used in the mummification have long been debated because ancient Egyptian texts don’t name precise ingredients. The new findings suggest that the relatively complex balms used in Senetnay’s preservation may have been the beginning of a trend of more elaborate ones used later on. Dammar resin, an ingredient used in embalming, appears next to a bottle of the recreated ancient scent. “The scent of eternal life” will be part of an ancient Egyptian exhibit at the Danish museum that opens in October.
Persons: , Barbara Huber, ” Huber, Pharaoh Amenhotep II, Pharaoh Thutmose III, Amenhotep II, Senetnay, Christian Tepper, Howard Carter, Carter, Pharaoh, Nicole Boivin, Carole Calvez, dammar, it’s, ” Boivin, Dammar, Sofia Collette Ehrich, Huber, Barbara Huber “, Organizations: CNN —, Moesgaard Museum, Max Planck Institute of Geoanthropology, Max Planck Institute, Geoanthropology Locations: Denmark, Egypt’s Valley, Germany, , Hannover, India, Southeast Asia, Europe, Saqqara
CNN —August began with a bright supermoon and will end the same way as another one lights up the night sky this week. ET, the bright glow of Saturn will appear about 5 degrees to the upper right of the moon. Over the course of the evening, Saturn will appear to move clockwise around the moon, according to NASA. The second full moon in one month is also known as a blue moon, like the phrase “once in a blue moon,” according to NASA. This results in a blue moon about every 2.5 years, and the last one occurred in August 2021.
Persons: CNN —, Saturn, Jamie Rhome, Raksha, , Leonids, Geminids, Ursids Organizations: CNN, NASA, Hurricane Idalia, National Hurricane Center, August’s, Farmers, Meteor Locations: Hurricane, North, Central, South America, Europe, Asia, Australia, North America, South Africa
The spinning dead star and the companion star that it closely orbits were first discovered in 2007. Once the pulsar began siphoning off material from the companion star, its characteristic pulsing beam disappeared. Instead, the pulsar entered a constant, alternating cycle of operating in what astronomers call “high” mode and “low” mode. They discovered that an exchange of matter between the pulsar and its companion star triggers the unusual behavior of the pulsar. As the pulsar tugs at its companion star, gas releases from the companion and forms a disk around the pulsar before slowly falling toward it.
Persons: , Maria Cristina Baglio, Francesco Coti Zelati, Coti Zelati, Sergio Campana Organizations: CNN, Astrophysics, New York University, Italian National Institute for Astrophysics, Institute of Space Sciences, Astronomers, Southern, Italian National Institute for Astrophysics ’, Observatory Locations: New York University Abu Dhabi, Barcelona, Spain, Chile
Colorful Ring Nebula shines in new Webb images
  + stars: | 2023-08-29 | by ( Ashley Strickland | ) edition.cnn.com   time to read: +4 min
CNN —The James Webb Space Telescope has revealed colorful new portraits of the iconic Ring Nebula. Webb previously captured a different perspective on the Ring Nebula, as well as the similar-looking Southern Ring Nebula. A longtime favorite of astronomers, the Ring Nebula has been studied for years due to its observability and the insight it can provide into the lifetime of stars. Messier and astronomer Darquier de Pellepoix discovered the Ring Nebula in 1779. As the dying star was throwing off its atmosphere, the companion star shaped the outflow and sculpted it.”
Persons: James Webb, Webb, Charles Messier, Messier, Darquier de Pellepoix, , Roger Wesson, Wesson, ” Wesson Organizations: CNN, Cardiff University, NASA, Hubble, ESA, Webb, CSA Locations: MIRI
Amazon is discontinuing its Honeycode app-building cloud service. The announcement confirms Insider's earlier report that Amazon was phasing out the service. Users will no longer be able to use Honeycode or any of the apps they created on it in February. Amazon announced plans to discontinue its Honeycode app-building cloud service, confirming Insider's earlier report that the company was phasing out the service. "To our valued customers: After careful consideration, we have made the decision to end the Amazon Honeycode beta service, effective February 29, 2024," Amazon's Honeycode Community page states.
Persons: Insider's, Honeycode, Adam Bosworth, Bosworth, Adam Seligman, Seligman, Eugene Kim, Ashley Stewart Organizations: Amazon, Google, Microsoft Locations: Honeycode, Amazon
Elon Musk says Vivek Ramaswamy should be the running mate of whoever becomes the GOP's 2024 pick. "He should get it imo," Musk wrote on Twitter on Sunday. Musk was responding to a tweet speculating that Ramaswamy "wants the VP pick." This time, he says he's throwing his weight behind the idea of GOP presidential candidate Vivek Ramaswamy for vice president. On Sunday, right-wing blogger Mike Cernovich wrote on X — the social media platform previously known as Twitter — that "Vivek is powerful."
Persons: Elon Musk, Vivek Ramaswamy, Musk, Ramaswamy, he's, Mike Cernovich, X, Vivek, Ashley St, We've, Clair, He's, Eminem, Ayanna Pressley, Mike Pence, Ron DeSantis, DeSantis, Donald Trump Organizations: Twitter, Service, Republican, GOP, Fox News, Democratic, Florida Gov, Republicans Locations: Wall, Silicon, Ashley, Clair, St, Jacksonville , Florida, Iowa, Florida
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