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☆ Crypto: Regulators are cracking down as FTX fallout casts a shadow over digital assets
▼ + stars: | 2023-02-14 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —When FTX collapsed in November, it was a seismic event for the crypto industry. On Monday, New York regulators ordered blockchain firm Paxos to stop issuing BUSD, aka Binance USD, citing “several unresolved issues” related to Paxos’ oversight of its relationship with crypto exchange Binance. Investors typically buy them to store money and facilitate deals within the cryptocurrency infrastructure, making them a bedrock of the crypto ecosystem. “Regulation by enforcement is puzzling for crypto enthusiasts,” said Marcus Sotiriou, market analyst at digital asset broker GlobalBlock, in a note. In January, regulators warned US banks and other market participants about the risks of fraud, volatility, and shoddy risk management in the crypto world.

☆ Potential buyers are leveraging high-profile blowups like Frank and FTX to get better terms. Insiders detail how dealmaking is changing in 2023.
▼ + stars: | 2023-02-07 | by ( Paige Hagy | Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +10 min

We don't want to look like JPMorgan,'" Jason Mikula, fintech analyst and writer behind Fintech Business Weekly, told Insider. How closely they adhere to it matters greatly in terms of if a deal is on the line," Mandelbaum told Insider. Investors pumped $132 billion globally into fintechs in 2021 and there were more than 900 fintech M&A exits, according to CB Insights. "It's now a buyer's market," Rob Brown, CEO of Lincoln International, a global investment-banking advisory firm, told Insider. One way companies might optimize the due-diligence process without cutting corners is by leaning on machines to help with the heavy lifting.

☆ I made $1 million in revenue last year selling project-management templates. Here's how I built up this new income stream in just 2 years.
▼ + stars: | 2023-01-31 | by ( Lola Christina Alao | ) www.businessinsider.com time to read: +7 min

Last year, selling his two Notion templates generated $1 million in revenue. I started my main YouTube channel in 2014 and started transitioning out of college-advice content. In 2021, I launched my first paid-for Notion template, "Creator's Companion," on Gumroad, an e-commerce platform for selling digital products. I have never marketed either of my paid Notion templates on my main YouTube channel. I think the people who copy templates don't understand the guts of them.

☆ The dealmaking boom meant fast timelines and loose due diligence. But high-profile implosions like FTX and Frank mean would-be sellers can expect more scrutiny, insiders say.
▼ + stars: | 2023-01-27 | by ( Paige Hagy | Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +10 min

☆ Davos 2023: Key takeaways from the World Economic Forum
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +6 min

[1/4] NATO Secretary General Jens Stoltenberg, Poland's President Andrzej Duda and Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland take part in the World Economic Forum session on "Restoring Security and Peace. REUTERS/Arnd WiegmannDAVOS, Switzerland, Jan 20 (Reuters) - Global leaders and business executives departed a freezing World Economic Forum (WEF) meeting on Friday after a frank exchange of views over how the world will tackle its biggest issues in 2023. Here's what we learned:ECONOMY: Gloom and doom heading into Davos turned into cautious optimism by the end with the global economic outlook for the year ahead looking better than feared. On the inside, political leaders like Kier Starmer railed against new oil investments and Pakistani climate minister Sherry Rehman pushed for loss and damage funding. The lesson I have learned in the last years ... is money, money, money, money, money, money, money."

☆ Yellen, China's Liu agree to enhance communication after 'frank exchange' - U.S. Treasury
▼ + stars: | 2023-01-18 | by ( Andrea Shalal | ) www.reuters.com time to read: +4 min

[1/4] U.S. Treasury Secretary Janet Yellen shakes hands with Chinese Vice Premier Liu He as they meet for talks in Zurich, Switzerland, January, 18, 2023. REUTERS/Denis BalibouseZURICH, Jan 18 (Reuters) - U.S. Treasury Secretary Janet Yellen agreed with Chinese Vice Premier Liu He to enhance communication about macroeconomic and financial issues during a "candid, substantive, and constructive" meeting in Zurich on Wednesday, the Treasury said. "Both sides agreed it is important for the functioning of the global economy to further enhance communication around macroeconomic and financial issues," the Treasury said after Yellen and Liu met. "Secretary Yellen also raised issues of concern in a frank exchange of views," it added. The IMF has warned against decoupling the global economy into two competing blocs, saying it could reduce global economic output by up to 7%, and even more in vulnerable countries.

☆ Yellen, China's Liu agree to enhance communication after 'frank exchange'
▼ + stars: | 2023-01-18 | by ( ) www.cnbc.com time to read: +2 min

US Treasury Secretary Janet Yellen (3rdR) and Chinese vice-premier Liu He (3rdL) and their respective delegations wait ahead of their meeting in Zurich, on January 18, 2023. U.S. Treasury Secretary Janet Yellen agreed with Chinese Vice Premier Liu He to enhance communication about macroeconomic and financial issues during a "candid, substantive, and constructive" meeting in Zurich on Wednesday, the Treasury said. Liu said both countries need "serious communication" and coordination on issues including climate change and the economy, and that he was ready for an in-depth exchange. "Both sides agreed it is important for the functioning of the global economy to further enhance communication around macroeconomic and financial issues," the Treasury said after Yellen and Liu met. "Secretary Yellen also raised issues of concern in a frank exchange of views," it added.

☆ JPMorgan CEO Jamie Dimon called the bank's acquisition of fintech Frank a 'huge mistake' after being grilled about it on an earnings call
▼ + stars: | 2023-01-13 | by ( Carter Johnson | Emmalyse Brownstein | ) www.businessinsider.com time to read: +6 min

Mike Mayo Bloomberg TVIn response, Dimon said that JPMorgan has been "very disciplined" in its acquisition strategy, but added that the Frank acquisition was, "in one way or another, a huge mistake." Mayo has previously been critical of JPMorgan's spending plans, which also became a flashpoint for some JPMorgan investors in the run up to the bank's investor day last May. In 2020, Insider detailed how JPMorgan spun up a "rapid proof-of-concept" model to speed along startup investments within its corporate and investment banking division. That team was headed by Michael Elanjian, who now leads digital investment banking at JPMorgan, according to his LinkedIn. Or are you a shareholder with concerns about the bank's spending?

☆ JPMorgan Bought College Financial-Aid Platform for $175 Million—and Now Says Most of Its Users Were Fake
▼ + stars: | 2023-01-12 | by ( Melissa Korn | David Benoit | ) www.wsj.com time to read: 1 min

JPMorgan Chase & Co. is suing the leaders of Frank, a financial-aid business it bought for $175 million in 2021, alleging they duped the bank by making up millions of fake student accounts to show it had a growing business. The bank filed a lawsuit late last month in a Delaware federal court against Frank executives Charlie Javice and Olivier Amar , alleging widespread fraud at a company that is marketed as helping families navigate the complex college financial-aid process. Frank offered a tool to simplify federal financial-aid forms, as well as listings of scholarships and low-cost college courses.

☆ Mpox has faded in the U.S. Who deserves the credit?
▼ + stars: | 2023-01-11 | by ( Associated Press | ) www.nbcnews.com time to read: +7 min

Today, reports of new cases are down to a trickle in the U.S. Health officials are shutting down emergency mobilizations. “It’s really impressive how that peak has come down to very, very low levels.”So who deserves the credit? Mpox cases began emerging in Europe and the U.S. in May, mostly among men who have sex with men. In early August, U.S. health officials decided to stretch the limited supply by giving people just one-fifth the usual dose. “The monkeypox virus essentially loses steam after a couple of rounds in humans,” Morse said.

☆ Jason David Frank’s cause of death revealed by his wife
▼ + stars: | 2022-12-01 | by ( Lisa Respers France | ) edition.cnn.com time to read: +3 min

CNN —Jason David Frank’s wife has confirmed that the “Power Rangers” star’s death was a result of suicide. “While Jason was a well-known name to some, we lived a very normal life with ups and downs, just like anyone else. “Between losing her and helping raise her baby son, Jason and I started having marital issues,” Frank said. The night of his death, she said, they had a heartfelt conversation after returning from an event at a bar. “To all the fans and supporters of Jason and our family, thank you for your kind words and wishes and God bless you all.”

☆ These are shaping up to be the best and worst luxury real estate markets for 2023
▼ + stars: | 2022-11-29 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Wealthy investors betting on luxury real estate would do best by putting their money in Dubai or Miami next year, according to a new report. In a ranking 25 of the world's top luxury, or "prime," real estate markets, Dubai topped the list, with prices expected to increase 13.5% in 2023, according to real estate consultancy Knight Frank. The worst performers next year are expected to be Seoul and London, with prices expected to drop 3% for both. Across the 25 cities, Knight Frank expects prices to rise by an average of 2% in 2023, revised down from the 2.7% Knight Frank projected six months ago. Political and economic volatility in many countries will also lead to a flight to safety in real estate, "pushing buyers to mature and transparent luxury markets."

Covid, flu and respiratory syncytial virus (RSV) are together driving a national wave of respiratory illnesses. Covid, flu and RSV can be difficult to distinguish, since they share many common symptoms. But a loss of taste and smell is more commonly associated with Covid than with flu or RSV. Flu symptoms tend to develop more suddenly than those of Covid or RSV. To reduce the length of flu symptoms, though, doctors usually prescribe Tamiflu or one of three other approved treatments.

☆ China says Xi was not criticising Trudeau during candid exchange at G20
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +4 min

BEIJING, Nov 17 (Reuters) - China's foreign ministry on Thursday said Chinese President Xi Jinping was not criticising Canadian Prime Minister Justin Trudeau after Xi was seen confronting him at the G20 summit over alleged leaks from an informal meeting they had held on Tuesday. "The video you mentioned was indeed a short conversation both leaders held during the G20 summit. I don't think it should be interpreted as Chairman Xi criticising or accusing anyone," Mao said. [1/2] Canada's Prime Minister Justin Trudeau speaks with China's President Xi Jinping at the G20 Leaders' Summit in Bali, Indonesia, November 16, 2022. Trudeau confirmed the conversation with Xi, and what the Canadian source had said were the topics of discussion, at a news conference at the end of the G20, after Xi had confronted him.

☆ China says Xi was not criticising Trudeau in meeting at G20
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +2 min

[1/2] Canada's Prime Minister Justin Trudeau speaks with China's President Xi Jinping at the G20 Leaders' Summit in Bali, Indonesia, November 16, 2022. Adam Scotti/Prime Minister's Office/Handout via REUTERSBEIJING, Nov 17 (Reuters) - China's foreign ministry on Thursday said Chinese President Xi Jinping was not criticising Canadian Prime Minister Justin Trudeau, a day after Xi was seen confronting Trudeau at the G20 summit over alleged leaks from a meeting they held. "The video you mentioned was indeed a short conversation both leaders held during the G20 summit. I don't think it should be interpreted as Chairman Xi criticising or accusing anyone," Mao said. "Firstly, I want to stress that China never interferes in the affairs of other countries," Chinese foreign ministry spokeperson Mao said on Thursday.

LONDON, Nov 16 (Reuters) - If financial markets bore the brunt of this year's interest rate shock, housing now stands in the firing line. With long-term U.S. fixed mortgage rates above 7% for the first time in 20 years, and more than double January rates, U.S. housing sales and starts are already feeling the heat. "We see a relatively greater risk of a meaningful rise in mortgage delinquency rates in the UK," Goldman said this month. While Australia and New Zealand have higher variable mortgage rates, British mortgage holders also have a higher vulnerability to rising joblessness. All of which bodes ill for UK house prices - although forecasts are still far from apocalyptic.

☆ Morning Bid: A missile and a manifesto
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Ankur BanerjeeU.S President Joe Biden said a missile that killed two people in Poland may not have been fired from Russia. Meanwhile, Donald Trump launched a bid to regain the presidency in 2024, a move that was widely expected and telegraphed. "Two years ago, we were a great nation and soon we will be a great nation again," he said in a speech that lasted little more than an hour. Britain is due on Wednesday to release inflation data for October that is expected to show consumer prices up 10.7% on a year earlier. Meanwhile, the Wall Street Journal reported that lender BlockFi was planning layoffs and a possible bankruptcy filing.

☆ ECB wants to put banks on schedule to meet climate goals
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Wolfgang RattayFRANKFURT, Nov 2 (Reuters) - Euro zone banks still largely fail to meet the European Central Bank's climate disclosure and management expectations, and laggards who keep failing deadlines could be forced to hold more capital, the ECB said on Wednesday. "We detected blind spots at 96% of banks in their identification of climate-related and environmental risks in terms of key sectors, regions and risk drivers," he added. In an attempt to force action, the ECB is putting banks on a schedule, and they will have until the end of 2024 to meet all supervisory expectations. By next March, lenders will have to adequately categorise climate and environmental risks and must conduct a full assessment of their impact. Then by the end of 2023, the ECB expects banks to include climate and environmental risks in their governance, strategy and risk management.

"Not everybody got flu vaccinated last year, and many people did not get the flu. So that makes us ripe to have potentially a severe flu season." Walensky's warning comes ahead of a CDC report on flu spread expected Friday. Doctors are not required to report each positive flu test to public health officials, so the CDC and others monitor probable flu activity by looking at "influenza-like illnesses." It takes about two weeks after a flu vaccine injection to provide full protection.

☆ Burkina Faso coup: ECOWAS mediator 'satisfied' after meeting new military leader
▼ + stars: | 2022-10-05 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

CNN —The mediator sent to Burkina Faso by West Africa’s main political and economic bloc ECOWAS, Mahamadou Issoufou, on Tuesday said he was satisfied by a meeting with the country’s new military leader Ibrahim Traore. Issoufou added that the 15-member bloc would continue accompanying Burkina Faso’s transition to constitutional rule after the country was hit by its second military takeover this year. “I can assure you that ECOWAS will remain with the people of Burkina Faso … and the difficult challenge they face,” he added. Burkina Faso’s government released a statement saying the meeting took place but provided no further comments. ECOWAS is struggling to facilitate a return to constitutional order in Burkina Faso, Chad, Guinea, and Mali, all of which have seen coups since 2020.

☆ Morning Bid: Dysfunction and intervention
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +5 min

Amid all the chaos in British bond markets, the forced intervention by the Bank of England to buy gilts has given some investors a crumb of comfort about the limits of central bank tightening. Cold comfort maybe, but enough to drag bond yields back and lift stocks briefly around the world. While 30-year gilt yields steadied just below 4% on Thursday after their 100bp swoon the previous day, the pound was sliding again and UK midcap stocks dropped. read moreEasing inflation in Spain was better news read more . Market leader Inditex (ITX.MC), the owner of Zara, slipped 2.2%, while the wider STOXX retailers index <.SXRP> slid 4.3%.

☆ Morning Bid: Gimme Shelter
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike Dolan. read moreBut with the pound falling anew against the dollar on the credit rating and IMF warnings, the real problem is in UK government bonds, or gilts. read moreWith Wall Street stocks hitting a new low for the year on Tuesday, global shares sank to two-year lows on Wednesday. Fed chairman Jerome Powell and a host of other Fed speakers are in the diary again for later on Wednesday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ 3 leadership tactics a 28-year-old founder who's raised $20 million for her startup lives by
▼ + stars: | 2021-07-08 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

She's raised $20 million from investors like Chegg and Marc Rowan of Apollo Global Management. The company, launched in 2017, has raised $20 million from investors like Chegg and Marc Rowan, a cofounder and the CEO of Apollo Global Management. It now serves more than 5 million households, Javice told Insider, and expects that number to reach 8 million to 10 million by year-end, having added over 1.5 million households in the past year alone. The driver told Javice that his advisor said his ride-hailing income wouldn't qualify him for aid. Editor's note: Javice told Insider that Frank had amassed more than 5 million users.

☆ Virusul le-a venit de hac: Criminalii în serie, uciși de COVID-19
▼ + stars: | 2020-11-14 | by ( ) emedicina.md time to read: +6 min

Deși a fost interogat de nouă ori în cadrul anchetei, Peter Sutcliffe a fost capturat abia în 1981. El a mărturisit că a ucis 13 femei și a susținut că Dumnezeu i-a spus să ucidă femeile. A fost condamnat la cinci ani într-o instituție pentru infractorii minori, dar a fost eliberat după doar trei ani. „Este adevărat că Steven Avery a fost testat pozitiv pentru virusul COVID-19 – el se va recupera complet”, a scris ea pe Twitter. Cu toate acestea, Avery a fost condamnat din nou în 2007, împreună cu nepotul său Brendan Dassey.

Persons: Peter Sutcliffe, Sutcliffe, Bingley, Kathleen, John Sutcliffe, Peter Coonan . Sutcliffe, Peter Aylward, . Sutcliffe, Sonia Szurma, El, Iehova, John Apter, Francis McCarthy, McCarthy, Thomas Mellon, Thomas McKirdy, Frederick Frank Ebenal, Fred Earl Bell, David Owen Brooks, Dean Corll, Texas . Brooks, Brooks, Elmer Wayne Henley, John Angus, Angus, Steven Avery, Kathleen Zellner, Avery, ., Documentarul, Brendan Dassey, Teresa Halbach Organizations: Ebenal, Texas . Locations: Yorkshire Ripper, North Durham, Yorkshire, West Yorkshire, COVID, Scoția, Texas, New Boston, Texas - Arkansas, Galveston, Houston, coronavirus

☆ Oamenii de ştiinţă au reuşit să fotografieze cu adevărat o planetă dintr-un alt sistem stelar
▼ + stars: | 2020-10-11 | by ( ) tvrmoldova.md time to read: +2 min

Planeta, numită „b Pictoris c”, este situată la aproape 63 de ani-lumină de Pământ în sistemul Beta Pictoris. Oamenii de ştiinţă au descoperit existenţa planetei prin studierea efectelor pe care aceasta le avea asupra orbitei stelei sale părinte. O orbită completă a exoplanetei durează 28 de ani pământeni„Asta înseamnă că acum putem obţine luminozitatea şi masa exoplanetei. Asta este regula generală”, a explicat Mathias Nowak, autorul principal al studiului publicat în jurnalul Astronomy and Astrophysics, potrivit Futurism. Înainte să determine masa, oamenii de ştiinţă vor trebui să aştepte pentru a primi destule date de velocitate radială.

Persons: Mathias Nowak, Frank Eisenhauer, Max Planck Organizations: Beta Locations: Chile, explanetă

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